Red Bank Borough Schools 2014-2015 Budget Presentation April 29, - - PowerPoint PPT Presentation

Red Bank Borough Schools 2014-2015 Budget Presentation April 29, 2014

Mission Statement

“Quality Learning By All... Whatever It Takes”

Red Bank Borough Schools 2014-2015 Budget Presentation

 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

Time Line:

 Local Tax Levy  State Aid (K-8)  State Aid/Grant (PreK)  Entitlement Grants: NCLB-IDEA  Fund Balance (2012-2013)  Miscellaneous Revenue/Partnerships

Revenue Sources:

Red Bank Borough Schools 2014-2015 Budget Presentation

Red Bank Borough Schools 2014-2015 Budget Presentation

Revenue Source General Fund Revenue Percentage of 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%

State Aid

2013-2014 2014-2015 Difference

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 PARCC Readiness $0 $13,410 $13,410 Adequacy Aid $0 $13,410 $13,410 Debt Svc. Assessment ($54,000) ($54,000) $0 Total State Aid

$2,915,550 $2,942,370 $26,820

Red Bank Borough Schools 2014-2015 Budget Presentation

Red Bank Borough Schools 2014-2015 Budget Presentation

$- $500,000.00 $1,000,000.00 $1,500,000.00 $2,000,000.00 $2,500,000.00 $3,000,000.00

Sate Aid History

2009-2010 $2,518,251 2010-2011 $1,762,309 2011-2012 $2,065,049 2012-2013 $2,256,420 2013-2014 $2,969,550 2014-2015 $2,996,370

Entitlement Grants:

Red Bank Borough Schools 2014-2015 Budget Presentation

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.

2012-2013 2013-2014 2014-2015 21st Century $480,000 $0

$TBD-Applied

21st 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.

Competitive Grants:

Red Bank Borough Schools 2014-2015 Budget Presentation

 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

Budget Allocations Determining Factors:

 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 21st Century Skills: College and Career  Upgrade technology infrastructure to accommodate PARCC  Maintain/enhance our school facilities

Focus:

Red Bank Borough Schools 2014-2015 Budget Presentation

Red Bank Borough Schools 2014-2015 Budget Presentation

Grade October 15, 2013 ASSA Count Projected Count 2014-2015 Budget Increase from 2013 ASSA to 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 TOTAL 1381 1474 95 (Not including PreK)

Red Bank Borough Schools 2014-2015 Budget Presentation

Category Expenditure Percentage

• f 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%

33% 22% 14% 9% 8% 5% 3% 2% 2% 2% 0% Regular Instruction Benefits Special Education Charter School Transfer Operations & Facilities Transportation School Administration General Administration Central Services & 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

 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

Budget Requests Not Included:

Red Bank Borough Schools 2014-2015 Budget Presentation

 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

Not Being Considered: Facility Improvements

Current Tax Levy 2013-2014 4.13% Increase from 2012-2013 $13,174,691 2014-2015 Proposed Tax Levy 9.98% $14,489,457 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 Increase is 11.2% This would provide for the use of the entire 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

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 Revenues Debt Service TOTALS 2014-2015 Total Expenditures $17,979,018 $5,520,870 $485,875 $23,985,763 Less: Anticipated Revenues ($3,489,561) $5,520,870 ($685) $ 9,011,116 Taxes to be Raised $14,489,457 $0 $485,190 $14,974,647

21

Red Bank Borough Schools 2014-2015 Budget Presentation

Tax Levy Impact

Assessed Home Increase/year Debt Service Decrease Net 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 $24.14

Partnerships & Grants

 Formative Assessment Grant 2013-2015 - Rutgers University  Metropolitan Center for Urban Education - NYU  Monmouth University  Red Bank Borough  Rotary Club  Red Bank Borough Education Association  Red Bank Borough Education Foundation  Red Bank Middle School Athletics Foundation  Prevention First  Riverview Medical Center  Parent Teacher Organization  Association for Children of New Jersey (ACNJ)  Visiting Nurses Association  Private Child Care Providers  Kennedy Center in D.C.  Count Basie Theater  Two River Theater  Superintendent Peninsula Group  Business Administrator Peninsula Group