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THIRD BUDGET PRESENTATION. WORK SESSION: HADDONFIELD BOARD OF EDUCATION February 7, 2008. DEVELOPMENT PARAMETERS. Show efficiencies Be realistic Be transparent Improve the delivery of instruction Grow district initiatives

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third budget presentation

THIRD BUDGET PRESENTATION

WORK SESSION:

HADDONFIELD BOARD OF EDUCATION

February 7, 2008

development parameters
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
2008 2009 budget
2008-2009 BUDGET

THE PROPOSED BUDGET FOR

2008-2009

2008 2009 budget4
2008-2009 BUDGET

EXPENDITURES

requests and outcomes
REQUESTS AND OUTCOMES
  • Central School – Additional Teacher -- denied
  • Tatem School – Additional Teacher – denied
  • Special Education – 1.5 Additional Teachers – denied
requests and outcomes6
REQUESTS AND OUTCOMES
  • Technology – approved $50,000 – amount requested $321,000
  • District – World Language Teacher K to 2 – denied – implement alternate program
2008 2009 budget7
2008-2009 BUDGET

BUDGET REDUCTIONS

  • K-12 Teachers:

2007-2008 Budget $ 9,951,250

2008-2009 Proposed $ 9,922,650

Reduction over last year $ 28,600

2008 2009 budget8
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Substitute Costs:

2007-08 Budget $214,700

2008-2009 Proposed $192,760

Reduction $ 21,940

2008 2009 budget9
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Home Instruction:

Reduction of $10,000 or 16.67%

2008 2009 budget10
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Administrative Costs – breakage of 1.54% or $33,755 from where we are this school year
2008 2009 budget11
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Utilities and Gas – the 2008- 2009 budget is less than our actual usage in 2006 – 2007!
2008 2009 budget12
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Special Education Transportation – Less than our actual costs in 2006-2007! (Bus route efficiencies)
2008 2009 budget13
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Supplies – Reduced the budget between 2006-07 to 2007-08 by $114,375. Proposing a further reduction of $16,700 for the 2008-09 school year.
2008 2009 budget14
2008-2009 BUDGET

BUDGET REDUCTIONS

  • Shopping our health benefits plan – Saved $125,000 last year which is being put into the 2008-09 budget.
2008 2009 budget16
2008-2009 BUDGET

REDUCING THE TAX IMPACT BY

INCREASING REVENUE

2008 2009 budget17
2008-2009 BUDGET

REDUCING THE TAX IMPACT

BY INCREASING REVENUE

Budgeted all

Extraordinary Aid

2008 2009 budget18
2008-2009 BUDGET

REDUCING THE TAX IMPACT

BY INCREASING REVENUE

Increased our tuition income by 10.54%

2008 2009 budget19
2008-2009 BUDGET

REDUCING THE TAX IMPACT

BY INCREASING REVENUE

Increased our interest income by 11%

(Based on historical review)

2008 2009 budget20
2008-2009 BUDGET

REDUCING THE TAX IMPACT

BY INCREASING REVENUE

Increase our usage of

fund balance by 138%

(still within the 2% state guidelines)

2008 2009 budget21
2008-2009 BUDGET

REDUCING THE TAX IMPACT

BY INCREASING REVENUE

Total additional savings to taxpayer: $244,592

2008 2009 budget22
2008-2009 BUDGET

BOTTOM LINE

REVENUE INCREASES

$ 244,592

SAVINGS OVER THIS YEAR

$ 283,373

2008 2009 budget23
2008-2009 BUDGET

RECOMMENDED REDUCTIONS

  • Educational Assistant Reduction (23%) 98,250
  • Substitute Teacher Reduction (10%) 21,940
  • Supplies Decrease (3%) 16,700
  • Athletic Program Reduction (5%) 28,650
  • Extracurricular reduction (5%) 16,800
  • TOTAL REDUCTIONS $182,340
2008 2009 budget24
2008-2009 BUDGET

BUDGET REDUCTIONS AND ADDED INCOME

TO DATE

$ 710,305

2008 2009 budget proposal27
2008-2009 BUDGET PROPOSAL

COMPARISON REVENUE TO APPROPRIATIONS

Revenue $31,339,338

Appropriations $31,339,338

Difference $ 0.00

2008 2009 budget proposal28
2008-2009 BUDGET PROPOSAL

TAX LEVY

2007-2008 -- $1.3211

2008-2009 -- $1.3532

Increase of 2.43%

thoughts
THOUGHTS

This is a good budget

  • We have searched and added all revenue sources
  • We have implemented cost savings and budget reductions
thoughts30
THOUGHTS

PROVIDING A QUALITY EDUCATION AT A BELOW MARKET PRICE