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Verona Board of Education

Verona Board of Education . Final Budget and Financial Framework March 2009. Overview. Budget Development Process What’s In the Budget Priorities Not Met Drivers of the Budget Efficiencies We’ve Sought Verona Property Taxes Summary. Budget Development Process.

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Verona Board of Education

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  1. Verona Board of Education Final Budget and Financial Framework March 2009

  2. Overview • Budget Development Process • What’s In the Budget • Priorities Not Met • Drivers of the Budget • Efficiencies We’ve Sought • Verona Property Taxes • Summary

  3. Budget Development Process • Nov – Teachers/Staff Identify Needs • Dec – Principals Prioritize Building Needs • Jan – Board Reviews District Needs • Feb – Board Prioritizes District Needs • Feb – State Releases Cap Figures • Mar- State Releases Aid Figures • Mar – State Approves Waivers & Budget • Apr – Voters Approve Budget

  4. Strategic Goals • Improve Teaching and Learning • Curriculum Renewal • Learning Framework/Teaching Standards • Co-Curricular and Character • Community Partnerships • Professional Development • Integrate Technology • Safe and Inviting Learning Environments

  5. Additional Staff Maintain reasonable 1st grade class sizes for FOR, LAN, and FN Brown: add .77 teachers Meet staffing needs at HBW: add 0.2 Mandarin, 0.2 French Custodial services for after-hours and weekend recreation gym & field use Instructional Supplies & Co-Curricular Activities Maintain textbook program for K-4, all elementary schools New textbooks and novels for VHS English, World Language. HBW novels Maintain full range of musical, athletic, scholastic events Neighborhood Schools Comfort of principals and nurses in every building Specialized instruction in music, art, technology, media and world languages Innovative Programs/ Implementation Five Year Strategic Plan Curriculum renewal Professional Development all teaching staff Technology integration strategy Expansive Math Initiative New Math Program K-4 Program Support Guidance counselor availability over the summer Maintenance of facilities What This Budget Buys

  6. Staffing Needs HBW Physical Education Teacher Phased Expansion of Supervisory Model (behind schedule) Science Instructor VHS Programs Educational Software Technology Support External Curriculum Audit Computers VSEA Funding Priorities Not Met

  7. Budget Drivers • Budget is driven largely by mandates • State standards and regulations • Special education: IEP-driven aides • Personnel costs are two-thirds of budget • Salaries increased only 3.7% • Increase includes enrollment-driven staff additions • Benefits are being re-bid as part of budget • Enrollment is another major driver • Enrollment up 3.5% over five years • Enrollment projected to rise 10% by 2010

  8. Budget Constraints • State Cap on Budget Increases • 4.0% increase allowed on tax levy • Cap Waivers for Capital Outlay, Special Education, Energy Costs • State & Federal Aid Virtually Flat Over 6 Years

  9. Five-Year Summary • Benefits 1-yr increase is an estimate; bidding for more favorable rates • Improved service delivery has resulted in an average annual increase of 1.6% in Special Education over the past five years

  10. 2009-2010 PROPOSED EXPENDITURES - $27,517,166 2009-2010 PROPOSED EXPENDITURES - $27,560,439 Discretionary 4%

  11. ENROLLMENT 2085 2065 2048 2039 2041 2034 2012 • Since 06-07, growth of approximately 70 students (3.5%) while state aid has remained virtually flat

  12. Annual Reviews • Course Offerings Based on Student Interest • Essentialness of Non-Mandated Programs and Services • Effectiveness of Intervention Programs • Effectiveness of Staff Training • Health Plan Savings • Maximizing Capacity and Revenues

  13. Our Taxes 2008 • Average Verona Property Tax = $8,806 • 17.2% Below Comp Group Average • Most Efficient Among Comp Districts • Five Year Average: Lowest Cost Per Pupil • Spending prioritized for most direct impact on classroom instruction Source: http://www.state.nj.us/dca/lgs/taxes/taxmenu.shtml

  14. Tax Impact • 3.08% increase in spending • Maintains existing programs • Funds curricular enhancements • Funds focus on teaching and learning • $210 increase on average home • $17.50/mo

  15. In Summary • Budget process is sound and open • Budget delivers great value (Appendix 3) • Budget supports strategic goals • If the budget is defeated, two effects: • Program and staff cuts • Compounding negative impact on the budget

  16. Appendix 1: Cost Per Pupil

  17. Appendix 2: Classroom Spending per Pupil Budget managed in a way to assure that classroom spending per pupil is a major priority and initiative

  18. Appendix 3: Tax on Average Home 2008

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