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Readington Township School District Budget Presentation

Readington Township School District Budget Presentation. Budget Presentation to the board of education April 12, 2016. Budget Goals. Present a budget at or below the 2% state-imposed cap on tax levy without negatively impacting students’ academic experiences.

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Readington Township School District Budget Presentation

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  1. Readington Township School DistrictBudget Presentation Budget Presentation to the board of education April 12, 2016

  2. Budget Goals • Present a budget at or below the 2% state-imposed cap on tax levy without negatively impacting students’ academic experiences. • Balance class size guidelines with scheduling efficiencies • Enrich students’ academic experiences • Continue to implement the district’s Strategic Plan • Enhance students’ social, global, and intellectual engagement. • Create a vibrant learning environment for students and staff. • Create a culture of collaborative partnerships in and around our community. • Ensure institutional and financial sustainability in the face of economic and demographic challenges.

  3. Enrollment Forecast for 2016-17 Anticipated PreK through 8 enrollment = 1631 (1674 this year) Ten out-of-district (anticipated) students not included in this number Demographer’s Projection: 1632

  4. Budgeted Enrollment History

  5. Non-Discretionary (Mandated) Items mandated by contract or state/federal mandates Salaries and Benefits (negotiated) Special Education Program Requirements Student Transportation Costs School Building Energy Costs Local Control Staffing Technology and Textbooks Professional Development (partial discretion) Classroom Instructional Supplies Equipment (all types) Extra-curricular programs for students (sports, clubs) Building maintenance (partial discretion) Budget Items Fall Under Two Categories Guide Payroll 2.56% increase $378,334.00 Increase in health benefits in budget = 1.7%

  6. Portion of Operating Budget

  7. Anticipated Elementary Class Size

  8. Positions Eliminated or Reduced Six certificated positions reduced as a result of enrollment Three (3) of the six positions are resignations /retirements that will not be filled One additional position reduced to .5 at the request of the staff member + Approximately $24,180 difference between retiring/resigning staff and new hires at a lower salary level = $410,830 in anticipated overall personnel reductions

  9. Proposed Additions • Two additional shared Kindergarten Aides – one per primary school – to be monitored and evaluated throughout the school year. $38,283.32 estimated salary for two additional aides • New elective classes at RMS for rising 7th and 8th graders: Sustainability Innovation and Design Art Creative Writing Financial Literacy Coding General Music Current Events Uses existing faculty with no impact to the budget. • Instrumental lessons to begin in 4th grade. Use existing faculty with no impact to the budget.

  10. Total Taxes including Debt Service

  11. State Aid and Tax Levy – General Fund

  12. 2016-17 School Budget Tax Impact On the average home assessed at: $360,800. Equates to approximately $37.00 increase over the year

  13. Proposed Tax Rate

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