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The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Ta

Northern Burlington County Regional School District Budget 2011-2012. The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Tax Impact Budget Adjustments. Conclusions From Community Budget Committee.

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The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Ta

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  1. Northern Burlington County Regional School District Budget 2011-2012 The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Tax Impact Budget Adjustments
  2. Conclusions From Community Budget Committee Preserve All Core Academic Programs. Maintain All Core Non-Instructional Services. “The Board should seek the 2% tax increase.” “Core Academic Programs need to be our priority.” “This process is not as simplistic as we imagined. The programs offerings are comprehensive. “We don’t feel we are in a position to recommend specific cuts.”
  3. Points of Discussion 2. Reductions include: administrative and support staff. 1. NO NEW TAXES and implications of passing budget. 3. Privatization and revenue centers . . .
  4. Updates: “There will be NO NEW TAXES as a result of the increased State Aid.” “Planned Programs can now be maintained as a result of the tentative joint agreements and the anticipated reduction to Health Care Costs.”
  5. Important Facts NBC’s Proposed General Fund Tax Levy is ZERO (0%) Increase. * SFRA (School Funding Reform Act) caps Tax Levy increase to 2%. NBC’s General Fund State Aid increased 2.56% or $310,377 Solar Project Capital Reserve budget contribution = $100,000 12% reduction in Administrative Costs State assessed a fee for SDA construction grants for $61,709 Ed Jobs Fund (Federal Stimulus monies) = $401,000. * Note: NBC is eligible for a 2% cap increase in addition to several cap waivers. However, the Board has decided not to increase spending by exercising the 2% cap or implementing cap waiver options.
  6. Goals for the 2011-2012 Budget Preserve All Core Academic Programs. Courses required for graduation Electives core to Northern’s Mission Technology Maintain All Core Non-Instructional Services. Facility Maintenance Transportation School Safety and Security
  7. Goals: 2011-2012 Budget Preserves All Core and Elective Programs. Maintains All TeachingPositions. Maintains Extra Curricular, Co Curricular, And Athletic Programs. Eliminates a Full-Time Administrator. Eliminates a Full-Time Facilities Supervisor Applies State Aid Increase of $310,377 to Eliminate Local Tax Impact. NO NEW TAXES
  8. BUDGET AT A GLANCE 2011-2012 General Fund Budget $29,564,725* *2.5% Decrease
  9. BUDGET AT A GLANCE Total 2011-2012 Budget $32,941,781* *2.09% Decrease This figure includes general fund, federal funds, and debt service. $100,000 ‘CORE Energy Rebate’ Applied to Debt Service Tax Levy to Lower Taxes.
  10. BUDGET AT A GLANCE Amount to be raised in taxes For the General Fund budget. $15,996,421* *NO NEW TAXES This is the figure voters will be asked to approve in the school election on April 27, 2011.
  11. *NO NEW TAXES
  12. Revenue Summary State Aid In Review +$45,557 +310,377
  13. General Fund Revenue Summary
  14. Program Summary
  15. PLEASE VOTE APRIL 27, 2011
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