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Mountain Lakes Board of Education 2009 – 2010 Budget Hearing Not “Business as Usual” March 30, 2009 Respecting today’s reality: spending discipline, creativity and savings Tight control over on-going expenses Significant new sources of recurring savings

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mountain lakes board of education

Mountain Lakes Board of Education

2009 – 2010 Budget Hearing

Not “Business as Usual”

March 30, 2009

respecting today s reality spending discipline creativity and savings
Respecting today’s reality: spending discipline, creativity and savings
  • Tight control over on-going expenses
  • Significant new sources of recurring savings
  • Re-investment of savings/other in necessary roof repairs
    • $1,049,647 to be spent at High School & Wildwood (toward total cost of $1.8 million)
    • Roof repairs account for 150% of 2009/10 general fund tax increase(…and >70% of increase in expenses)
  • 2nd lowest overall tax increase in 10+ years
    • +3.66% / +$682,942 overall
    • +$338 for average home
respecting today s reality spending discipline creativity and savings3
Respecting today’s reality: spending discipline, creativity and savings
  • Prior year savings of $407,897 carried forward to help offset 2009/10 expenses
  • All 2009/10 school instructional budgets are flat or down versus 2008/09
  • Several new sources of recurring savings
    • Reduction of 1 administrator, 2 teachers, 1 custodian (-$324,556)
      • In addition to 1 administrator eliminated in 2008/09
    • Newly negotiated health benefits opt-out (-$33,240 savings to-date)
  • Utilizing $225,000 Capital Reserve established in June 2008 to help fund roof replacements
  • Implementing State mandated inclusive pre-school program at no incremental cost
  • No reduction in current programs
entire tax increase is traceable to roof repairs why now
Entire tax increase is traceable to roof repairs: WHY NOW?
  • High School & Wildwood roofs in need of repair
    • Sections to be replaced are 15-18 years old
    • Included in Long Range 5-Year Facilities Plan
  • Failure to address situation now threatens additional damage & even higher repair costs
  • Expect meaningful “savings” due to current market conditions (bidding more competitive than usual)
  • 40% state subsidy of $738,885 at risk if we wait
    • Cost to District only $1,049,647 out of $1.8 million total
  • Represents an appropriate “investment” of the one-time $123,990 Boonton Township tuition recapture
  • Utilizes the $225,000 Capital Reserve established last year
  • Enables participation in solar energy project (& future savings)
  • Addresses non-recurring cost within state cap and without taking on any additional debt
budgetary goals
Budgetary Goals
  • Maintain a Budget in Accordance with New Accountability Regulations
  • Maintain Programs and Favorable Class Size
  • Reduce Cost Where Appropriate (Staffing, Health Benefit Buyback, Hiring Practices and Cooperative Purchasing)
the surplus and new fiscal accountability
The Surplus and New Fiscal Accountability
  • Surplus
    • Limited to 2% for 2009-2010
  • New Fiscal Accountability
    • Tax Levy Cap
    • User Friendly Budget
    • Administrative Cost Limits
state aid
State Aid
  • Aid Figures Released March 12, 2009
  • Same Allotment as 2008-2009
  • State Entitlement Aid 2009-2010 $951,058
  • Represents Less than 3% of Total Revenue
budget highlights 2009 10
Budget Highlights 2009-10
  • All School Budgets (Instructional items) held at or below ‘08–’09 levels
  • Reduction of two teaching positions, saving $140,846
  • Reduction of one administrator, saving $134,402
  • Reduction of one custodian, saving $49,308
  • All existing and new courses taught by existing staff
  • Implement new inclusive State mandated pre-school program at zero incremental cost
  • Major Roof Projects (Wildwood and High School) totaling $1,847,211; State funding in excess of $700,000
  • Second lowest tax increase in over a decade
superintendent highlights
Superintendent Highlights
  • Maintain the Highest Quality of Education
  • Goals of the Long Range Education Plan
  • Continue Progress in Curriculum Development
  • Continue Progress in Professional Development
  • Maintain Favorable Class Sizes at All Levels
  • Maintain All Current Course Offerings and Programs
  • Implement a New Inclusive Pre-school in the District
  • Repair Roof on High School and Wildwood School
the election
The Election
  • Budget Public Hearing – March 30, 2009
  • Election: April 21, 2009
  • Polls Open from 7:00 am – 9:00 pm
  • Mountain Lakes High School
  • Board Member Election

Three Year Term (vote for three [3])

    • Petrina Dawson
    • Catherine Mitchell
    • Kim M. Sheppell
  • Resolved, that there should be raised for the General Fund,

$18,204,324 for the ensuing school year. (2009-2010)