SLIDE 1
Budget Development
- October-November
Teachers discuss needs with building Principals
- Early to Mid-December
Teachers submit requests for funds and programs to the Principals
- January-February
Salem City Board of Education Budget 2019-2020 School Year Public - - PowerPoint PPT Presentation
Salem City Board of Education Budget 2019-2020 School Year Public - - PowerPoint PPT Presentation
Salem City Board of Education Budget 2019-2020 School Year Public Hearing May 1, 2019 Budget Development October-November Teachers discuss needs with building Principals Early to Mid-December Teachers submit requests for funds and
SLIDE 2
SLIDE 3
Budget Development
- February 2019
Preliminary budgets are submitted to the Superintendent/Business Administrator
- March 5, 2019
Governor Murphy’s address on status of the state budget and state aid
- March 7, 2019
State Aid figures released
- March 13, 2019 & April 10, 2019
Meetings with the Finance Committee to discuss budget details
SLIDE 4
Budget Development
- March 13, 2019
Board of Education mandated adoption of the tax levy for budget submission to the County Office
- March 20, 2019
Preliminary budget submission to County Office for review
- May 1, 2019 Public Hearing
SLIDE 5
Summary of State Aid
2018-2019 2019-2020 Inc/(Decr) School Choice Aid 9,164 22,496 13,332 Categorical Spec Educ Aid 723,650 723,650 Equalization Aid 13,075,991 13,376,688 300,697 Categorical Security Aid 425,317 425,317 Adjustment Aid 2,162,927 2,162,927 Categorical Transportation Aid 281,682 281,682 Preschool Education Aid 2, 216,720 2,239,315 22,595 PARCC Readiness Aid Per Pupil Growth Aid Professional Learning Community Aid Additional Adjustment Aid Debt Service Aid 201,122 197,977 (3,145) Total State Aid 19,096,573 19,430,052 333,479
SLIDE 6
2019-2020 Allocated Aid/Revenues
Ta Tax Levy 2, 2,440, 440,167. 67.00 00 9. 9.48% 48% St State Aid (K-12 12) 16 16,992,760.00 66. 66.02% 02% Tu Tuition 1, 1,666,000.00 6. 6.47% 47% Fe Federal Programs TBD 1, 1,412 12,259.00 5. 5.49% 49% St State Grants s (PreK K & Sc School-Ba Base) e) 2, 2,548, 548,754. 754.00 00 9. 9.90% 90% Fu Fund Balance* 278, 278,112. 2.00 00 1. 1.08% De Debt Service - Ta Taxes 10 103,967.00 0. 0.40% 40% De Debt Service Aid 19 197,977.00 0. 0.77% 77% Mis Miscellaneous 98, 98,789. 789.00 00 0. 0.39% 39% To Total 25, 25,738, 738,785. 785.00 00 10 100% *R *Revised fr from March pr preliminary re resolu lution/audit numbers rs (Re Reconciled d Purchase Ord rders rs)
SLIDE 7
2019-2020 Anticipated Revenues
Miscellaneous 0.39% Debt Service-Taxes 0.40% Debt Service Aid 0.77% Fund Balance 1.08% Federal Programs 5.49% Tuition 6.47% Tax Levy 9.48% State Grants (PreK & School- Based) 9.90% State Aid (K-12) 66.02% Miscellaneous Debt Service-Taxes Debt Service Aid Fund Balance Federal Programs Tuition Tax Levy State Grants (PreK & School-Based) State Aid (K-12)
SLIDE 8
Percentage of Salary & Benefits to Total Budget
66.9% 33.1% Salaries & Benefits Other Costs
SLIDE 9
There is a mandated 2% increase in school taxes.
SLIDE 10
ANALYSIS OF Local School TAXES
School Tax Rate
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 Local Tax Levy 2,392,321 2,392,321 2,392,321 2,393,321 2,440,167* Debt Service 113,747 111,421 106,821 105,620 103,967 *Required by legislation.
SLIDE 11
Budget Factors
I. Salary Increases (+$373,125) II. Health Benefits Increase (+$175,373)
- III. Emergency Funds ($147,091)
SLIDE 12
School Budgets
- JFA[PreK/K-2] $2,239,315/ $2,612,436=$4,851,751 (-$333,479)
- SMS[3-8] $4,449,433 (+$42,762)
- SHS[9-12] $5,815,813 (-$63,406)
- SE
[Out-of-District/Tuition and Extended School Year only] $2,377,160 (-$150,327)
q Transportation of OOD students $608,755= Total OOD Cost $2,985,915 v Capital Reserve (Long Range Facilities Plan) $319,888
v To help cover cost of Track and Field & Various Capital projects…Ex’s: q JFA
- Replace boilers – Only one functional boiler
- Replace HVAC
q SMS
- Replace elevator- goes down every power failure
- Replace HVAC
q SHS
- Repair water treatment equipment
- Replace HVAC
SLIDE 13
Highlights
Of Note: q Capital Reserve for Track and Field (LRFP) q One Media Specialist position cut. (-$80,293) q One Guidance Counselor position cut. (-$99,194) q Media Specialist and World Language position are budgeted to be shared between SMS and JFA. q One-on-One Aides are part of the CST budget, not schools (connected to individual IEP’s). Preservation of Staff and Programs: q Continued Professional Development funded through federal monies: ESSA, Title I & II 21st Century Partnership for Science Technology (STEM) Summer School After School Programming Reading Specialist (K-2)