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2011 - 2012 Budget

2011 - 2012 Budget. Cranbury Township Board of Education. Board of Education Mrs. Lynne Schwarz, President Mr. Bill Schraudenbach, Vice-President Mrs. Jennifer Cooke Mr. Michael Ferrante Mr. Kevin Fox Mrs. Wendi Patella Mrs. Nicole Pormilli Mrs. Evelyn Spann Mrs. Kathy Wasson.

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2011 - 2012 Budget

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  1. 2011 - 2012 Budget Cranbury Township Board of Education

  2. Board of Education Mrs. Lynne Schwarz, President Mr. Bill Schraudenbach, Vice-President Mrs. Jennifer Cooke Mr. Michael Ferrante Mr. Kevin Fox Mrs. Wendi Patella Mrs. Nicole Pormilli Mrs. Evelyn Spann Mrs. Kathy Wasson Administration Mrs. Carol Malouf, Interim Chief School Administrator Mrs. Joyce Picariello, School Business Administrator /Board Secretary Mrs. Michele Waldron, Vice Principal Contributing Individuals

  3. Development of the 2011 - 2012 Budget The process is driven by two objectives: • Provide every child in the district with the high quality educational opportunities; and • Maximize the use of available resources. The Board attempts to balance the educational needs of students and the resources available to the District from local, state, and federal sources, and the community, with consideration given to the tax impact.

  4. 2011-12 Budget • Maintains all current programs • Provides for 3 classroom sections in grades 1-5 • Reinstates Art, Industrial Arts, and French in Grades K-1 (full year- courses)

  5. ENROLLMENT

  6. Cranbury Enrollment

  7. 2010-11 SUCCESS STORIES

  8. 2010-11 Success Stories • Outstanding Student Test Score Results • Adoption and Implementation of New K-5 Literacy Program • Completion of Pole Barn • Refinancing of Debt yielding over $300K in savings • Strong financial position distinguishes Cranbury with a AAA Bond Rating • Progress on HVAC Project and Exterior Door Replacement Projects – ROD Grant Projects

  9. Special Education Programs In accordance with state law, a free and appropriate public education for classified students from ages 3 through 21 is offered.

  10. Development and Enrichment of Our Special Education Programs Continuum of Options • Preschool Disabilities • Adopted and Implemented State Approved High Scope Program • In-Class Support • Successful inclusion efforts • Collaborative instruction • Resource Centers • Self-Contained Programs • Active and Supportive Parent Group

  11. Proposed 2011 – 2012 Budget

  12. 2011 - 2012 Budget FISCAL COMMITTMENT Expenditures are 2.6% less than the 2010-11 Budget and less than the last three fiscal years.

  13. 2011-12 Budget Expenditures

  14. Proposed Budget Classifications

  15. High School Enrollment

  16. Princeton High School Tuition Per Pupil Rate 2011-12 estimated tuition has been decreasing for the last two years

  17. Cost Containment Features • Shared Services with Public Library • Shared Services with Township for fuel • Procurement Cooperatives • Middlesex Educational Services Commission • Transportation • Non-Public School Administrative Services • Natural Gas • Electricity • Pittsgrove Board of Education Cooperative Purchasing • Paper • Hunterdon Education Services Commission • Technology Equipment and Supplies

  18. 2011-12 CAPITAL PROJECT • Window Replacement (1967 addition) • Project anticipates operational savings in utility expense • Fully funded from capital reserves, which are specifically designated for Capital Projects • Project has been NJDOE and NJSDA approved and is eligible for 40% of cost through the ROD Grant

  19. 2011-12 BUDGET GOOD NEWS! Cranbury School will receive some State Aid

  20. Contractual Obligations • Teachers’ Salaries are based on negotiated agreement • (Current agreement expires June 30, 2011) • BOE and CEA are currently in negotiations

  21. Cranbury Township Assessment Values UNFORTUNATE TREND! The aggregate assessed property value has declined by over 14% in the last four years.

  22. 2011-12 TAX LEVY The 2011-12 tax levy increased by 1.9% which is under the State Cap and less than the 2009-10 tax levy

  23. REVENUE

  24. 2011-12 Proposed Revenues

  25. TAX IMPACT INFORMATION

  26. Proposed Tax Rate • Proposed Tax Rate General Fund ($.0364 increase) • 92.49 cents per hundred dollars of assessed valuation • $5,626.32 per year to the average taxpayer (assessed at $608,331) • Proposed Tax Rate Debt Service Fund ($.0023 increase) • 5.60 cents per hundred dollars of assessed valuation • $340.67 per year to the average taxpayer (assessed at $608,331) • Proposed Overall Tax Rate ($.0387 increase) • 98.09 cents per hundred dollars of assessed valuation • $5,966.99 per year to the average taxpayer (assessed at $608,331)

  27. Tax Impact of Proposed Budget

  28. Voter Information Voter Registration Deadline: April 6, 2011 Mail-In Ballot Applications by mail: Deadline ~ April 20, 2011 Mail-In Ballot Applications in person: Deadline ~ 3 P.M., April 26, 2011 (County Clerk’s Office)

  29. School Election Wednesday, April 27, 2011 • Polls Open from 2 to 9 PM • Polling Location – Township Building • School Budget and (3) School Board Members for a 3-year term • Jennifer K. Cooke • Pramod N. Chivate • Kevin G. Fox • M. Evelyn Spann

  30. VOTE! Wednesday, April 27, 2011 2- 9 PM Township Building

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