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INITIAL BUDGET PRESENTATION

INITIAL BUDGET PRESENTATION. WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008. DEVELOPMENT PARAMETERS. Show efficiencies Be realistic Be transparent Improve the delivery of instruction Grow district initiatives

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INITIAL BUDGET PRESENTATION

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  1. INITIAL BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008

  2. DEVELOPMENT PARAMETERS • Show efficiencies • Be realistic • Be transparent • Improve the delivery of instruction • Grow district initiatives • Support the professional development of the faculty to meet the learning needs of the students

  3. 2008-2009 BUDGET SUMMARY

  4. 2008-2009 BUDGET SUMMARY • OVERALL REVENUE INCREASE • $1,226,523 OR • 4.08%

  5. 2008-2009 BUDGET SUMMARY

  6. 2008-2009 BUDGET SUMMARY • OVERALL APPROPRIATIONS INCREASE • $1,310,697 OR • 4.36%

  7. 2008-2009 BUDGET SUMMARY COMPARISON REVENUE TO APPROPRIATIONS Revenue $31,277,861 Appropriations $31,362,035 Difference $ (84,174)

  8. 2008-2009 BUDGET SUMMARY • POTENTIAL SAVINGS • Educational Assistant Reduction (10%) 36,250 • Activity Fee Increase $25.00 20,000 • Athletic Program Reduction Overall (10%) 69,725 • Extracurricular Reduction (10%) 33,600 • Additional Retiree Savings ??????

  9. TAX LEVY

  10. REVENUE SUMMARY • State Aid increase of 2% • Hold harmless for 2008-2009 • Add 15 full-time tuition students • Reduced Pre-school tuition next year

  11. REVENUE SUMMARY • Rental Fees predicted to remain flat • Interest Rate revenue – increased 11% • Activity Fee income – flat • Fund Balance – $125,000

  12. APPROPRIATION LINE ITEMS

  13. APPROPRIATION LINE ITEMS

  14. APPROPRIATION LINE ITEMS

  15. APPROPRIATION LINE ITEMS

  16. APPROPRIATION LINE ITEMS

  17. REQUESTS AND OUTCOMES • High School – All requests filled within current district staffing • Middle School – No requests • E. Haddon – No requests

  18. REQUESTS AND OUTCOMES • Central School – Additional Teacher -- denied • Tatem School – Additional Teacher – denied • Special Education – 1.5 Additional Teachers – denied

  19. REQUESTS AND OUTCOMES • Technology – $321,000 – approved $50,000 • District – World Language Teacher K to 2 – denied – implement alternate program • Sabbatical Request – Pending final description – approved, per contract

  20. RETIREE SAVINGSas of January 10, 2008

  21. DEBT SERVICE • Debt Principal • 2000 Bonds $275,000 • 2000 C Bonds $270,000 • 2001 Bonds $310,000 • 2005 Bonds $100,000 • Total $955,000

  22. DEBT SERVICE • Debt Interest • 2000 Bonds $119,124 • 2000 C Bonds $ 20,719 • 2001 Bonds $ 22,563 • 2005 Bonds $365,740 • 2005 Refinance $438,744 • Grant Note (2.5M) $115,000 • Total $1,081,890

  23. DEBT SERVICE • Debt Revenue • State Aid $ 96,251 • Debt Service Fund $ 134,579 • Local Tax Levy $1,806,060 • Total Revenue $2,036,890

  24. BENEFITS • Social Security 6% Increase • Unemployment 6% Increase • Workers’ Comp 6% Increase • Health Benefits 17% Increase

  25. BENEFITS • Tuition Reimbursement 0% • Other Benefits 6%

  26. 2008-2009 BUDGET SUMMARY IMPORTANT ITEMS • Decrease in Regular Ed teacher salaries – 1% • Regular Education EA Decrease – 9% • Increase in Special Education EAs and ABA services – 26%

  27. 2008-2009 BUDGET SUMMARY IMPORTANT ITEMS • Total Salary increase – 2.38% • Benefit Costs increase – 15% • Utilities increase – 19%

  28. 2008-2009 BUDGET SUMMARY WHAT IS A 1% REDUCTION $288,688

  29. 2008-2009 BUDGET SUMMARY A 0% TAX INCREASE MEANS A REDUCTION IN THE BUDGET OF $1,154,752

  30. IMPORTANT POINTS • Every 1% decrease in the tax levy results in a $288,688 decrease in revenue • Both the revenue and appropriation figures will continue to change between now and the Public Hearing of the budget

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