Public Hearing 2020-2021 School Budget May 7, 2020 1 Presentation - - PowerPoint PPT Presentation

Public Hearing 2020-2021 School Budget

May 7, 2020

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Presentation Overview

• Revenue
• Appropriations
• Statement of Purpose
• Budget Summary
• District Initiatives
• Tax Impact
• Debt Service
• What is Next?

2

Revenues – Adjusted vs Final

REVENUES

2019-2020 Adjusted 2020-2021 Final Budget CHANGE FROM 2019-2020

Tax Levy

$ 152,192,308 $ 155,236,154 $ 3,043,846 2.0%

State Aid

$ 5,728,299 $ 6,644,727 $ 916,428 16.0%

Extraordinary Aid, Other State Aids

$ 2,100,000 $ 3,044,225 $ 944,225 45.0%

Medicaid/SEMI

$ 123,724 $ 127,058 $ 3,334 2.7%

Other Revenues

$ 2,137,705 $ 1,427,705 $ (710,000) (33.2%)

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Revenues – Adjusted vs Final

REVENUES

2019-2020 Adjusted 2020-2021 Final Budget CHANGE FROM 2019-2020

Fund Balance

$ 1,750,000 $ 1,750,000 $ 0 0%

Capital Reserve

$ 3,253,000 $ 1,000,000 $ (2,253,000) (69.3%)

Transfers from Other Funds

$ $ 0

• Prior Year

Encumbrances

$ 388,092 $ 0 $ (388,092) (100.0%)

Revenues (over) / under Expenditures

$ 0 $ 0

• Total Revenues

$ 167,673,128 $ 169,229,869 $ 1,556,741 0.9%

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DISTRICT REVENUES

TAX LEVY represents funds raised by property taxes. STATE AID reflect general revenue provided the the state’s formula calculations and Exaid. CAPITAL RESERVE are funds that are anticipated from the district’s reserves in 2020-2021.

Tax Levy - 91.8% State Aid - 3.9% Fund Balance - 1.0% Misc Revenue - 1.8% Federal Aid - 0.1% Capital Reserve - 0.6% Tuition & Rents - 0.8%

Expenditures – Adjusted vs Final

Program

2019-2020 Adjusted 2020-2021 Final Budget CHANGE FROM 2019-2020

Instruction $ 46,437,206 $ 47,881,687 $ 1,444,481 3.1% Special Education $ 35,426,290 $ 35,911,613 $ 485,323 1.4% Improvement of Instruction, Prof Dev $ 989,863 $ 1,987,426 $ 997,563 100.8% Other Programs (Summer / B & A) $ 380,000 $ 380,000 $ 0.0% General Administration $ 1,491,303 $ 1,516,384 $ 25,081 1.7% School Administration $ 5,812,721 $ 5,487,879 $ (324,842) (5.6%) Central Administration $ 1,460,398 $ 1,449,222 $ (11,176) (0.8%) Technology $ 2,039,856 $ 1,893,446 $ (146,410) (7.2%)

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Expenditures – Adjusted vs Final

Program

2019-2020 Adjusted 2020-2021 Final Budget CHANGE FROM 2019-2020

Activities/Clubs $ 921,039 $ 982,144 $ 61,105 6.6% Athletics $ 2,848,370 $ 3,177,806 $ 329,436 11.6% Attend, Nursing, Media, Guidance $ 6,485,864 $ 6,929,768 $ 443,904 6.8% Facilities $ 15,161,021 $ 15,104,492 $ (56,529) (0.4%) Transportation $ 6,851,603 $ 7,085,875 $ 234,272 3.4% Employee Benefits $ 37,736,894 $ 38,238,072 $ 501,178 1.3%

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Expenditures – Advertised vs Final

Program

2019-2020 Adjusted 2020-2021 Final Budget CHANGE FROM 2019-2020

Food Services $ 50,000 $ 50,000 $ 0% Charter Schools $ 44,406 $ 0 $ (44,406) (100%) Capital Outlay $ 3,536,294 $ 1,154,055 $ (2,382,239) (67%)

TOTAL EXPENDITURES $ 167,673,128 $ 169,229,869 $ 1,556,741 0.9%

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DISTRICT APPROPRIATIONS

ACADEMIC PROGRAMS includes all costs for instruction. This includes teachers and support staff salaries and benefits, instructional technology, books and other educational resources. FACILITIES includes all costs related to building maintenance and repair. ADMINISTRATION includes all costs for central office support services including business services, technology support, legal services, and insurance. ACTIVITIES includes all costs for extracurricular activities including clubs and athletic programs.

Academic Programs 49% Student Support 4% Administration 5% Facilities 9% Student Transportation 4% Employee Benefits 23% Other 6%

District Expenditures as a Percentage of Total Operating Budget

Final Budget Summary

Total GF Budget 2020-2021: $ 169,229,869 Total Dollar Increase of Budget: $ 1,556,741 Total % Increase of Budget: 0.9% School Tax Levy*: $ 155,236,154 Total Dollar Increase of Tax Levy: $ 3,043,846 Total % Increase of Tax Levy: 2.0% Tax Levy Increase on Avg Home: $ 134/year

*Includes: Banked Cap $0 Health Care Waiver $0 Note: Budgeted Fund Balance used: $1,750,000

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Early Childhood Center

• 3 Full Time Support Positions (Salaries & Benefits)

– Physical Therapist – Behaviorist – Speech

• Principal, Nurse, Secretary and Custodian
• Class III SLEO Security coverage
• Supplies and Materials.
• Total New/Additional School Budget = $992,999
• Furniture & Technology = $129,159

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Educational Initiatives

• World Study Elementary Program = $22,000.
• Amplify Science Program MS Program = $241,000.
• New Middle School Social Studies Textbook / Program =

$110,000.

• New High School Chemistry Textbooks = $66,000.
• New High School Algebra Textbooks = $57,000.
• New High School History Textbooks = $25,000.
• Total New Programing = $521,000.

12

Central Office Initiatives (LPA)

• TELEPHONE SYSTEM UPGRADE=$350,000
• 1 TO 1 COMPUTER PROGRAM
• 9TH Grade =$175,000
• 6th Grade = $175,000
• Teachers = $225,000
• TWO NEW 54 PASSENGER BUSES=$220,000
• TWO NEW 25 PASSENGER VANS=$142,000
• TWO NEW FACILITIES VEHICLES=$70,000

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Capital Projects – Statement of Purpose

Included in budget line 600, Budgeted Withdrawal from Capital Reserve, Cap Res-for Local Share, is $145,000 for other capital project cost for renovations at Randall Carter Elementary School for additional instructional space, $72,000 for other capital project costs for renovations at James Fallon Elementary School for additional instructional space, $142,000 for a fire alarm upgrade at the Early Childhood Center, and $641,000 in additional funds for the district’s Next Generation Science Standards renovation

• program. The total cost of these project is $1,000,000 which represents

expenditures for construction elements or projects that are in addition to the facilities efficiency standards determined by the Commissioner as necessary to achieve the New Jersey Student Learning Standards.

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Capital Projects – Statement of Purpose

Budgeted Withdrawal from Capital Reserve (Revenue) in the total amount of $1,000,000 covers the following projects:

• $145,000 for other capital project cost for renovations at Randall Carter

Elementary School for additional instructional space

• $72,000 for other capital project costs for renovations at James Fallon

Elementary School for additional instructional space

• $142,000 for a fire alarm upgrade at the Early Childhood Center
• $ 641,000 in additional funds for the district’s Next Generation Science

Standards renovation program

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Total Salaries and Benefits

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$98,852,403 Salaries 58% $38,238,072 Benefits 23% $9,595,871 Special Ed 6% $22,543,523 Supplies, Professional Services 13% Salaries Benefits Special Ed Supplies, Professional Services

Use of Banked Cap

2017-2018 2018-2019 2019-2020 2020-2021 Bank Cap Available $ 323,508 $ 323,508 $ 1,056,646 $ 1,056,646 Banked Cap Used PY $ 0 $ 323,508 $ $ Remaining Cap $ 323,508 $ $ 1,056,646 $ 1,056,646 Cap Available for use in Future Years $ 323,508 $ $ 1,056,646 $ 1,056,646

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ESSA/IDEA (Federal Programs)

 Wayne Township Public Schools provides various programs to comply with the federal Every Student Succeeds Act (ESSA) legislation. The program plans are submitted to the NJDOE for approval. Resources identified for these activities are $643,004.  Individuals with Disabilities Education Act (IDEA) provides additional federal resources for the district’s special education students. This budget plan, in the amount $1,123,630 is mainly for student tuition and is also approved by the NJDOE.

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Debt Service

 Purpose: The subject debt was incurred as result of financing the Anthony Wayne Middle School.  Current obligations run to the 2023-2024 fiscal year.  Debt Service Payments:

 2019-2020: $3,145,975  2020-2021: $3,046,475  2021-2022: $2,923,925  2022-2023: $2,803,175

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Calculation of the Tax Levy

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Tax Levy Balance of Certified Tax Certified Tax Certified (Budget) Levy from Levy to be raised Total Levy Levy deferred to Taxpayer Share 2019-2020 2020-2021 (50%) 2020 2020-2021 (50%) Debt $ 3,046,475 $ 1,620,087 $ 1,426,388 $ 3,046,475 $ 1,620,087 General Fund $ 155,236,154 $ 76,096,154 $ 77,618,077 $ 153,714,231 $ 77,618,077 $ 79,044,465 $ 156,760,706 NET TAX LEVY TAX LEVY VALUATIONS AMOUNT TAX RATE 2019 2019-2020 5,242,176,900 actual 153,846,202 0.02935 2020 2020-2021 5,237,277,100 actual 156,760,706 0.02993 Incr./(Decr.) (4,899,800) 2,914,504 0.00058 %

• 0.09%

1.89% 1.99% FINANCIAL IMPACT HOME CURRENT PROPOSED ANNUAL ASSESSMENT 2019-2020 2020-2021 INCREASE 100,000 2,935 2,993 58 200,000 5,870 5,986 117 229,701 6,741 6,875 134 300,000 8,804 8,980 175 400,000 11,739 11,973 234 500,000 14,674 14,966 292

ESTIMATED TAX IMPACT OF BUDGET

ASSESSED VALUE ANNUAL MONTHLY DAILY $100,000

$58 $4.87 $0.16

$200,000

$117 $9.73 $0.32

$229,701 (AVG.)

$134 $11.18 $0.37

$300,000

$175 $14.60 $0.48

$400,000

$234 $19.46 $0.64

$500,000

$292 $24.33 $0.80

 If adopted on May 7, 2020, the 2020-2021 will be finalized with the New Jersey Department

• f

Education - County Office.  Information will be sent to the Township of Wayne for use in the collection of real estate taxes.  In mid-May 2020 the final budget will be open for district use.  The subject budget can be modified in the event of changes in aid from the State of New Jersey.

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What’s Next?

Questions and Answers

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Public Hearing 2020-2021 School Budget

May 7, 2020

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