initial budget presentation work session: haddonfield board of education january 10, 2008
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INITIAL BUDGET INITIAL BUDGET PRESENTATIONPRESENTATION
WORK SESSION:WORK SESSION:
HADDONFIELD BOARD OF EDUCATIONHADDONFIELD BOARD OF EDUCATION
January 10, 2008January 10, 2008
DEVELOPMENT PARAMETERSDEVELOPMENT PARAMETERS
Show efficienciesShow efficiencies
Be realisticBe realistic
Be transparentBe transparent
Improve the delivery of instructionImprove the delivery of instruction
Grow district initiativesGrow district initiatives Support the professional development of the Support the professional development of the
faculty to meet the learning needs of the studentsfaculty to meet the learning needs of the students
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARYREVENUEREVENUE 2007-082007-08 2008-092008-09
State AidState Aid $ 1,610,445$ 1,610,445 $ 1,610,445$ 1,610,445
Additional State AidAdditional State Aid $ 32,208$ 32,208
Local Tax Levy – Local Tax Levy – 4%4%
$27,758,553$27,758,553 $28,868,895$28,868,895
TuitionTuition $ 458,561$ 458,561 $ 486,313$ 486,313
Unrestricted FundsUnrestricted Funds $ 145,000$ 145,000 $ 155,000$ 155,000
Fund BalanceFund Balance $ 78,779$ 78,779 $ 125,000$ 125,000
TotalsTotals $30,051,338$30,051,338 $31,277,861$31,277,861
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
OVERALL REVENUE INCREASEOVERALL REVENUE INCREASE
•$1,226,523$1,226,523
OROR
•4.08%4.08%
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
APPROPRIATIONS APPROPRIATIONS 2007-20082007-2008 2008-20092008-2009
Faculty/Rep StaffFaculty/Rep Staff $17,769,100$17,769,100 $18,229,795$18,229,795
Admin/Non RepAdmin/Non Rep $ 2,145,355$ 2,145,355 $ 2,159,600$ 2,159,600
Special Ed TuitionSpecial Ed Tuition $ 910,000$ 910,000 $ 932,500$ 932,500
Medical/DentalMedical/Dental $ 4,581,500$ 4,581,500 $ 5,276,920$ 5,276,920
OperationalOperational $ 4,645,383$ 4,645,383 $ 4,763,220$ 4,763,220
TOTALSTOTALS $30,051,338$30,051,338 $31,362,035$31,362,035
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
OVERALL APPROPRIATIONSOVERALL APPROPRIATIONS
INCREASEINCREASE•$1,310,697$1,310,697
OROR
•4.36%4.36%
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
COMPARISON REVENUE COMPARISON REVENUE
TO APPROPRIATIONSTO APPROPRIATIONSRevenueRevenue $31,277,861$31,277,861
AppropriationsAppropriations $31,362,035$31,362,035
DifferenceDifference $ (84,174)$ (84,174)
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
POTENTIAL SAVINGSPOTENTIAL SAVINGS
Educational Assistant Reduction (10%)Educational Assistant Reduction (10%) 36,25036,250
Activity Fee Increase $25.00Activity Fee Increase $25.00 20,00020,000
Athletic Program Reduction Overall (10%)Athletic Program Reduction Overall (10%) 69,72569,725
Extracurricular Reduction (10%)Extracurricular Reduction (10%) 33,60033,600
Additional Retiree SavingsAdditional Retiree Savings ????????????
TAX LEVYTAX LEVY
REVENUE SUMMARYREVENUE SUMMARY
State Aid increase of 2%State Aid increase of 2%
Hold harmless for 2008-2009Hold harmless for 2008-2009
Add 15 full-time tuition studentsAdd 15 full-time tuition students
Reduced Pre-school tuition next yearReduced Pre-school tuition next year
REVENUE SUMMARYREVENUE SUMMARY
Rental Fees predicted to remain flatRental Fees predicted to remain flat
Interest Rate revenue – increased Interest Rate revenue – increased 11%11%
Activity Fee income – flatActivity Fee income – flat
Fund Balance – $125,000 Fund Balance – $125,000
APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS
REGULAR EDUCATIONSALARIES
2006-07 Prior Year Actual
2007-08 Approved
Budget
2008-09 Budget
Appropriations
2008-09 Dollar
Increase
2008-09 %
Increase
K-12 $ 9,591,910
$ 10,021,250 $ 9,922,650 $ (98,600) -0.98%
K-12 Substitutes $ 215,000 $ 214,700 $ 214,500 $ (200) -0.09%
Home Instruction $ 50,041 $ 45,000 $ 50,000 $ 5,000 11.11%
EA - Reg. Ed $ 428,143 $ 399,500 $ 362,500 $ (37,000) -9.26%
Related Services $ 1,268,469 $ 1,307,500 $ 1,355,750 $ 48,250 3.69%
Other Instruction $ 108,900 $ 108,900 $ 114,345 $ 5,445 5.00%
APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS
2006-07 Actual
2007-08 Approved
2008-09 Approp.
2008-09 Increase % Increase
Special Education Teachers $ 1,687,657 $ 1,745,000 $ 1,908,600 $ 163,600 9.38%
EA/ABA- Spec. Ed $ 677,340 $ 655,000 $ 825,500 $ 170,500 26.03%
Related Services $ 1,029,986 $ 1,063,500 $ 1,137,500 $ 74,000 6.96%
Special Schools-Summer $ 184,640 $ 176,500 $ 193,200 $ 16,700 9.46%
Transportation $ 151,475 $ 95,000 $ 100,000 $ 5,000 5.26%
APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS
DISTRICT OPERATIONS2006-07 Actual
2007-08 Approved
2008-09 Appropriation
2008-09 Increase
% Increase
Operations and Maintenance $ 1,689,042 $ 1,937,250 $ 2,045,250 $ 108,000 5.57%
Administration $ 2,162932 $ 2,145,355 $ 2,159,600 $ 14,245 0.66%
APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS
2006-07 Actual
2007-08 Approved
2008-09 Appropriation
2008-09 Increase
% Increase
Employee Benefits $ 4,129,081 $ 4,581,500 $ 5,276,920 $ 695,420 15.18%
Oper. & Maint (non-salary) $ 765,279 $ 761,400 $ 772,050 $ 10,650 1.40%
Utilities (Gas & Electric) $ 892,926 $ 740,000 $ 882,000 $ 142,000 19.19%
Special Education
Tuition $ 868,980 $ 910,000 $ 932,500 $ 22,500 2.47%
Professional Services $ 266,173 $ 246,000 $ 246,000 $ 0.00%
Transportation $ 480,937 $ 461,400 $ 478,900 $ 17,500 3.79%
APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS
2006-07 Actual
2007-08 Approved
2008-09 Approp.
2008-09 Increase % Increase
Professional Services $ 329,925 $ 353,140 $ 359,300 $ 6,160 1.74%
Textbooks $ 111,424 $ 135,493 $ 110,850 $ (24,643) -18.19%
Supplies $ 671,070 $ 556,695 $ 577,645 $ 20,950 3.76%
Operational $ 271,233 $ 251,955 $ 252,850 $ 895 0.36%
Co/Extra Curricular $ 303,203 $ 323,300 $ 336,375 $ 13,075 4.04%
Athletics $ 676,773 $ 691,000 $ 697,250 $ 6,250 0.90%
Capital Outlay $ 304,803 $ $ 50,000 $ 50,000 100.00%
Budget Reserve
$ $ 125,000 $ $ (125,000) -100.00%
REQUESTS AND OUTCOMESREQUESTS AND OUTCOMES
High School – All requests filled High School – All requests filled within current district staffingwithin current district staffing
Middle School – No requestsMiddle School – No requests
E. Haddon – No requestsE. Haddon – No requests
REQUESTS AND OUTCOMESREQUESTS AND OUTCOMES
Central School – Additional Teacher -- Central School – Additional Teacher -- denieddenied
Tatem School – Additional Teacher – Tatem School – Additional Teacher – denieddenied
Special Education – 1.5 Additional Special Education – 1.5 Additional Teachers – deniedTeachers – denied
REQUESTS AND OUTCOMESREQUESTS AND OUTCOMES
Technology – $321,000 – approved Technology – $321,000 – approved $50,000$50,000
District – World Language Teacher K District – World Language Teacher K to 2 – denied – implement alternate to 2 – denied – implement alternate programprogram
Sabbatical Request – Pending final Sabbatical Request – Pending final description – approved, per contractdescription – approved, per contract
RETIREE SAVINGSRETIREE SAVINGSas of January 10, 2008as of January 10, 2008
NameName2008-09 SALARY NEW SALARY
SICK PAYOUT
DIFFERENCE
GE $80,513 $49,950 $12,500 $18,063
MB $81,313 $49,950 $ 5,000 $26,363
AZ $81,313 $50,450 $14,500 $16,363
MB $78,913 $50,540 $ $28,373
MB2 $87,861 $49,950 $ 7,500 $30,411
BC $82,252 $56,450 $ $25,802
DW $77,643 $46,500 $12,500 $18,643
TOTAL SAVINGS $164,018
DEBT SERVICEDEBT SERVICE
Debt Principal Debt Principal • 2000 Bonds2000 Bonds $275,000$275,000• 2000 C Bonds2000 C Bonds $270,000$270,000• 2001 Bonds2001 Bonds $310,000$310,000• 2005 Bonds2005 Bonds $100,000$100,000
• TotalTotal $955,000$955,000
DEBT SERVICEDEBT SERVICE
Debt Interest Debt Interest • 2000 Bonds2000 Bonds $119,124$119,124• 2000 C Bonds2000 C Bonds $ 20,719$ 20,719• 2001 Bonds2001 Bonds $ 22,563$ 22,563• 2005 Bonds2005 Bonds $365,740$365,740• 2005 Refinance2005 Refinance $438,744$438,744• Grant Note (2.5M)Grant Note (2.5M) $115,000$115,000
• TotalTotal $1,081,890$1,081,890
DEBT SERVICEDEBT SERVICE
Debt Revenue Debt Revenue
• State AidState Aid $ 96,251$ 96,251• Debt Service FundDebt Service Fund $ 134,579$ 134,579• Local Tax LevyLocal Tax Levy $1,806,060$1,806,060
• Total RevenueTotal Revenue $2,036,890$2,036,890
BENEFITSBENEFITS Social SecuritySocial Security 6% Increase6% Increase
UnemploymentUnemployment 6% Increase6% Increase
Workers’ CompWorkers’ Comp 6% Increase6% Increase
Health BenefitsHealth Benefits 17% Increase17% Increase
BENEFITSBENEFITS Tuition ReimbursementTuition Reimbursement 0%0%
Other BenefitsOther Benefits 6%6%
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
IMPORTANT ITEMSIMPORTANT ITEMS
Decrease in Regular Ed teacher salaries – Decrease in Regular Ed teacher salaries – 1%1%
Regular Education EA Decrease – 9%Regular Education EA Decrease – 9%
Increase in Special Education EAs and ABA Increase in Special Education EAs and ABA services – 26%services – 26%
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
IMPORTANT ITEMSIMPORTANT ITEMS
Total Salary increase – 2.38%Total Salary increase – 2.38%
Benefit Costs increase – 15%Benefit Costs increase – 15%
Utilities increase – 19%Utilities increase – 19%
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
WHAT IS A 1% REDUCTIONWHAT IS A 1% REDUCTION
$288,688$288,688
2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY
A 0% TAX INCREASE MEANSA 0% TAX INCREASE MEANS
A REDUCTION IN THE BUDGET OFA REDUCTION IN THE BUDGET OF
$1,154,752$1,154,752
IMPORTANT POINTSIMPORTANT POINTS
Every 1% decrease in the tax levy Every 1% decrease in the tax levy results in a $288,688 decrease in results in a $288,688 decrease in revenuerevenue
Both the revenue and appropriation Both the revenue and appropriation figures will continue to change figures will continue to change between now and the Public Hearing between now and the Public Hearing of the budgetof the budget
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