harding township school district n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
HARDING TOWNSHIP SCHOOL DISTRICT PowerPoint Presentation
Download Presentation
HARDING TOWNSHIP SCHOOL DISTRICT

Loading in 2 Seconds...

play fullscreen
1 / 21

HARDING TOWNSHIP SCHOOL DISTRICT - PowerPoint PPT Presentation


  • 126 Views
  • Uploaded on

HARDING TOWNSHIP SCHOOL DISTRICT. 2014-2015 Tentative Budget. Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel , Interim Business Administrator March 3, 2014. BOARD OF EDUCATION. Mr. Dev Modi - President Mr. John Flynn - Vice President Mr. Jim Novotny Mrs. Kim Macaulay

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'HARDING TOWNSHIP SCHOOL DISTRICT' - micol


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
harding township school district

HARDING TOWNSHIP SCHOOL DISTRICT

2014-2015 Tentative Budget

Dr. Alex Anemone, Superintendent

Dr. Dennis Frohnapfel, Interim Business Administrator

March 3, 2014

board of education

BOARD OF EDUCATION

Mr. Dev Modi- President

Mr. John Flynn - Vice President

Mr. Jim Novotny

Mrs. Kim Macaulay

Mr. Davor Gjivoje

budget process and timeline
Budget Process and Timeline
  • Fall 2013 – Administrative team identifies budgetary needs for 2014-2015 budget.
  • Fall 2013 – Budget Guidelines crafted
  • 12/2/13 – Preliminary Budget Presentation I
  • 1/20/14 – Preliminary Budget Presentation II
  • 2/25/14 – Gov. Christie Budget Address
  • 2/27/14 – State Aid figures released
  • 3/3/14 – Tentative Budget
  • 3/20/14 – Tentative Budget submitted to ECS.
  • 5/5/14 – Public Hearing on the Budget
proposed 2014 2015 budget

PROPOSED 2014-2015 BUDGET

Maintains conservative fiscal practices, easing the burden on taxpayers.

Provides financial resources that support our district goal(s).

Strong focus on core academic mission while maintaining emphasis on social-emotional learning, co-curricular activities as well as capital needs.

When actual financial figures are not available, estimates are used. (HTEA, MPS, OOD, etc.)

2014 2015 budget guidelines

2014-2015 BUDGET GUIDELINES

Continue to fund all programs and services…working within the confines of the property tax levy cap.

Protect free balance at a maximum level permitted by State law.

Maintain staffing configuration.

Continue to be conservative in the expenditures of public moneys.

2014 2015 budget guidelines1

2014-2015 BUDGET GUIDELINES

Allocates funds for:

Technology Plan

Capital Improvements (LRFP)

Local Professional Development Plan (LPDC)

Develop a prudent budget that is aligned with the district’s instructional priorities, addresses the needs of all our students and allocates sufficient funds to ensure professional development for staff.

2014 2015 budget guidelines2

2014-2015 BUDGET GUIDELINES

Continue to ensure that the financial planning process is integrated and aligned with the district priorities and includes planning objectives based on statewide assessments and the 2013-2018 Strategic Plan.

Derive budget expenditures from supplier quotations, official data and actual expenditures from previous years.

non discretionary expenses

Non-Discretionary Expenses

Projected increases:

Salaries +1.5%

Health Benefits +22%

Part of this increase is directly related to implementation of the Affordable Care Act (ACA).

Prescription +5%

Special Education Out of District tuition +6%

Transportation +2%

Utilities/Maintenance overtime

budget highlights

Budget Highlights

Maintains staffing configuration (two sections per grade) and all co-curricular activities.

Math in Focus (Singapore Math) - grades K-5.

Money budgeted for staff professional development and curriculum writing.

Ongoing costs associated with Achieve NJ, TEACH-NJ, ABR implementation, Janet’s Law, transition to PARCC and the Common Core State Standards. (unfunded mandates)

budget highlights cont d

Budget Highlights (cont’d)

Measures of Academic Progress: grades 2-8.

Otis Lennon School Ability Test: grade 3.

Smartboard replacement cycle plus other technology improvements including new computers in L/MC lab.

Meets all 2014-2015 Budget Guidelines as crafted by the Facilities and Finance Committee and adopted by the Board of Education.

revenue history

REVENUE HISTORY

  • State Aid
    • 2009-2010 ~$360,000
    • 2010-2011 $0
    • 2011-2012 $181,191
    • 2012-2013 $225,137
    • 2013-2014 $225,137
    • 2014-2015 $233,677

Tax Levy

1997-2011 (average) 6.01% increase

2011-2012 1.96% increase

2012-2013 1.78% increase

2013-2014 1.50% increase

2014-2015 2.81% increase

capital projects

Capital Projects

Elementary School Windows and Unit-Ventilators. Under the ROD (Regular Operating District) Grant, the State will pay for 40% of this project. The BOE local share is 60%. (summer 2014)

Additional security measures (tbd).

2014 2015 budget
2014-2015 Budget
  • Operating Budget = $10,254,751
    • Increase of $232,739 or 2.32%
  • Total Budget = $10,846,024
    • Increase of $213,624 or 2.01%
  • Tax Levy Increase = 2.81%
    • Includes Health Care Adjustment of $18,226
    • Includes Banked Cap from 2011-2012 of $54,523
budget efficiencies

Budget Efficiencies

Budgeted excess surplus of $274,561. This represents an increase of $99,671 or 56.99%.

Slight increase in state aid +$8,540. This represents an increase of 3.79% in Categorical State Aid.

High quality Integrated Pre-K Program (ongoing).

Legislated increases in staff members paying for health benefit premiums (Tier IV - up to 35% of premium).

Continued shared services with Harding Township.

Supply accounts.

Tuition students (PK-8) included.

estimated tax information
ESTIMATED Tax Information
  • 2014 Total Taxable Assessment

=$2,027,888,710.00

  • 2014 Average Residential Assessment

=$1,196,734.56

  • Current Tax Rate = 0.463
  • Estimated Proposed Tax Rate = 0.475
  • Estimated Difference = 0.012

+2.53% increase

budget vote and election

Budget Vote and Election

In 2012, Gov. Christie signed legislation that eliminated the need for a public vote on the school budget if the budget remains at or below the two percent tax levy cap, including use of banked cap.

On February 13, 2012, the Harding Township BOE adopted a resolution to move the annual school election from April to November beginning in 2012.

Since the proposed 2014-2015 HTS budget is within the cap (including banked cap and health care adjustment) it will not be on the ballot in November.

To comply with new NJDOE regulations, the Public Hearing on the budget has been moved to the May 5 BOE meeting. That meeting will begin at 7:30p.m. in the L/MC.