Red Bank Borough Schools 2014-2015 Budget Presentation April 29, 2014
Red Bank Borough Schools 2014-2015 Budget Presentation Mission Statement “ Quality Learning By All... Whatever It Takes”
Red Bank Borough Schools 2014-2015 Budget Presentation Time Line: February 4, 2014 - Administrator’s Presentation to the Finance Committee February 23 - Governor’s Budget Address February 25 - State Aid Released March 10 & 11- Finance Committee Meetings March 11 – BOE Meeting - Estimate Presented March 18 - BOE Meeting - Adopt Preliminary Budget March 20 - Preliminary Budget Submitted to the County April 29-Public Budget Hearing-Final 14-15 Adoption
Red Bank Borough Schools 2014-2015 Budget Presentation Revenue Sources: Local Tax Levy State Aid (K-8) State Aid/Grant (PreK) Entitlement Grants: NCLB-IDEA Fund Balance (2012-2013) Miscellaneous Revenue/Partnerships
Red Bank Borough Schools 2014-2015 Budget Presentation Revenue Source General Fund Percentage of Revenue Revenue Tax Levy $14,489,457 80.59% State Aid $ 2,996,370 16.67% Return of Fund Balance $ 395,645 2.20% Other State Reimbursements $ 77,426 0.43% Other $ 20,120 0.11% Total General Fund Revenue $17,979,018 100%
Red Bank Borough Schools 2014-2015 Budget Presentation 2013-2014 2014-2015 Difference State Aid Equalization Aid $1,399,215 $1,399,215 $0 Transportation Aid $34,744 $34,744 $0 Special Ed. Aid $665,749 $665,749 $0 Security Aid $156,711 $156,711 $0 Enrollment Growth $373,912 $373,912 $0 Adequacy Aid $339,219 $339,219 $0 $13,410 PARCC Readiness $0 $13,410 $13,410 Adequacy Aid $0 $13,410 Debt Svc. ($54,000) ($54,000) $0 Assessment Total State Aid $2,915,550 $2,942,370 $26,820
Red Bank Borough Schools 2014-2015 Budget Presentation Sate Aid History $3,000,000.00 $2,500,000.00 $2,000,000.00 2009-2010 $2,518,251 $1,500,000.00 2010-2011 $1,762,309 $1,000,000.00 2011-2012 $2,065,049 $500,000.00 2012-2013 $2,256,420 $- 2013-2014 $2,969,550 2014-2015 $2,996,370
Red Bank Borough Schools 2014-2015 Budget Presentation Entitlement Grants: 2012-2013 2013-2014 2014-2015 % Reduction NCLB $941,962 $1,001,457 $715,864 IDEA $334,624 $ 333,307 $235,876 *Guidance from State to budget a percentage of current year entitlement.
Red Bank Borough Schools 2014-2015 Budget Presentation Competitive Grants: 2012-2013 2013-2014 2014-2015 21 st Century $ 480,000 $0 $TBD-Applied 21 st Supplemental $ 38,000 $0 $TBD-Applied PreK $4,079,057 $4,279,702 $3,783,310 -Charter Allocation ($ 190,920) ($ 190,920) *PreK Award reflects one less classroom due to enrollment decrease.
Red Bank Borough Schools 2014-2015 Budget Presentation Budget Allocations Determining Factors: State Aid Grant Allocations Special Education Costs Enrollment Contractual Obligations-Salaries, Benefits, Tuition Textbooks and Instructional Supplies Technology Upgrades-PARCC Facilities, Maintenance & Operational Expenses Transportation Transfer to Charter School
Red Bank Borough Schools 2014-2015 Budget Presentation Focus: Maintain appropriate class size Provide appropriate instructional materials Support implementation of CCSS through curriculum design, instructional and assessment practices, and professional development for all staff Preparation for PARCC assessments Grades 3-8 Support the integration of 21 st Century Skills: College and Career Upgrade technology infrastructure to accommodate PARCC Maintain/enhance our school facilities
Red Bank Borough Schools 2014-2015 Budget Presentation October 15, 2013 Projected Count Increase from 2013 ASSA to Grade ASSA Count 2014-2015 Budget 2014-2015 Projection PreK-3 153 150 -3 PreK-4 160 165 5 K 181 180 -1 1 137 181 44 2 140 137 -3 3 113 140 27 4 115 113 2 5 101 115 14 6 103 101 -2 7 89 103 14 8 89 89 0 95 TOTAL 1381 1474 (Not including PreK)
Red Bank Borough Schools 2014-2015 Budget Presentation Category Expenditure Percentage of the Budget Regular Instruction $5,887,681 32.75% Benefits $3,891,600 21.64% Special Education $2,616,528 14.55% Charter School Transfer $1,655,376 9.21% Operations & Facilities $1,393,315 7.75% Transportation $ 941,517 5.24% School Administration $ 453,888 2.52% General Administration $ 421,669 2.35% Central Services & Technology $ 403,858 2.25% Student Services $ 268,086 1.49% Sports $ 45,500 0.25% Total General Fund $17,979,018 100%
Red Bank Borough Schools 2014-2015 Budget Presentation 2% 2% 0% Regular Instruction 2% 3% Benefits 5% Special Education Charter School Transfer 33% 8% Operations & Facilities Transportation 9% School Administration General Administration 14% Central Services & 22% Technology Student Services Sports
Red Bank Borough Schools 2014-2015 Budget Presentation Personnel Pre-K Reduce: 1 Teacher 1 Instructional Assistant 1 Hall Monitor Primary Reduce: 1 Teacher Shared by both Primary and Middle School Middle Reduce: 1 Special Education Teacher 1 Grade Level Teacher District Addition: 1 FT Supervisor Pupil Personnel Services- CST, Special Ed. , Nursing & Guidance Increase: 1 PT CST Secretary to Full Time 1 PT Technology Technician to Full Time Reduce: 1 External Observer, 1 Special Education Coach, 1 Part Time CST Supervisor – (These three reductions will fund the FT Supervisor Pupil Personnel Services) 1 Community Liaison K-8
Red Bank Borough Schools 2014-2015 Budget Presentation Budget Requests Not Included: Additional ELL Teachers Technology Upgrades Additional Lunch Monitor Additional Hall Aide Additional Bus Monitors Security Monitor Enhanced MS Sports Program Professional Development - Costs Across the Board Supplies-Administrative and Instructional Field Trips
Red Bank Borough Schools 2014-2015 Budget Presentation Facility Improvements Not Being Considered: Additional Playground Primary School A/C Gym Middle School Emergency Generator Middle School Re-Lamp Gym - Primary & Middle Schools Student Restroom Renovation Primary School Access Road Primary School Grounds Improvements - District Wide BOE Building Improvements
Red Bank Borough Schools 2014-2015 Budget Presentation Current Tax Levy 2013-2014 4.13% Increase from 2012-2013 $13,174,691 2014-2015 Proposed Tax Levy $14,489,457 9.98% Represents 2 % State CAP plus allowable adjustments for Enrollment, Health Benefits and partial Banked CAP Provides a full refund of Fund Balance from 2012-2013 as tax relief Maximum Allowable Tax Levy This would provide for the use of the entire Increase is 11.2% amount of Banked CAP allowable create an additional tax levy increase of $160,655 The District is NOT exercising this option
Red Bank Borough Schools 2014-2015 Budget Presentation Main Factors: 2013-2014 - State Aid was increased by $339,219 2014-2015 - State Aid was increased by $26,820 representing a $312,397 less increase from last year. - Unfunded Mandate – PARCC Testing Approximate Cost to District $250,000 - Increased Enrollment of 95 Students
Red Bank Borough Schools 2014-2015 Budget Presentation TOTAL BUDGET General Fund Special Debt TOTALS Revenues Service 2014-2015 $17,979,018 $5,520,870 $485,875 $23,985,763 Total Expenditures Less: Anticipated ($3,489,561) $5,520,870 ($685) $ 9,011,116 Revenues Taxes to be Raised $14,489,457 $0 $485,190 $14,974,647
Red Bank Borough Schools 2014-2015 Budget Presentation Debt Tax Levy Service Net Impact Assessed Home Increase/year Decrease Increase Increase /Month Average $387,440 $224.51 -$.0059 $224.50 $18.71 $250,000 $144.87 -$.0038 $144.86 $12.07 $300,000 $173.84 -$.0046 $173.84 $14.49 $350,000 $202.81 -$.0053 $202.81 $16.90 $400,000 $231.79 -$.0061 $231.78 $19.32 $450,000 $260.76 -$.0069 $260.75 $21.73 $500,000 $289.73 -$.0076 $289.73 21 $24.14
Partnerships & Grants Formative Assessment Grant 2013-2015 - Rutgers University Prevention First Metropolitan Center for Urban Riverview Medical Center Education - NYU Parent Teacher Organization Monmouth University Association for Children of New Jersey Red Bank Borough (ACNJ) Rotary Club Visiting Nurses Association Red Bank Borough Education Private Child Care Providers Association Kennedy Center in D.C. Red Bank Borough Education Count Basie Theater Foundation Two River Theater Red Bank Middle School Superintendent Peninsula Group Athletics Foundation Business Administrator Peninsula Group
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