2015-2016 BudgetWyckoff Public
SchoolsMarch 16, 2015
Wyckoff School DistrictWyckoff School District2015-2016 Budget Development Guiding Ideas:
Continue to improve the quality of our educational programs
Support and provide for award winning schools
Build teacher capacity through professional development
Create a fiscally responsible budget while attaining our objectives
Position the district for the future educational needs and changes in the law
Budget ProcessDecember-February
Budget development with Administrators and Board Staffing needs Determination of capital projects Projection of healthcare costs
March State Aid allocation (confirmed), 3/6/15 Preliminary budget, 3/16/15 Filed with NJDOE, 3/17/15 Approved by NJDOE for advertisement, TBD
April Full budget presentation, 4/13/15 7:00 p.m. (EMS) PTO Presentations of Preliminary Budget (upcoming) Final Public Budget Hearing, 04/27/15 7:00 p.m. (EMS) User friendly budget posted, late April
The Wyckoff Public SchoolsThe largest K-8 school district in Bergen
CountyAverage per pupil cost compared to other
districts in Bergen County and State7 buildings with average age of 64 years old 62 acres of propertyMaintain building, grounds, and fields for all
citizens of Wyckoff
Shared ServicesConsortium
BankingSchool and Custodial SuppliesElectric and GasCommunicationsInsuranceTransportation
Fuel and Vehicle maintenance through Wyckoff Township
IT Services through Bergen County Technical Schools
Budget Considerations2% Tax Levy Budget CapState AidCollective Bargaining Agreements Healthcare CostsCapital Projects/Maintenance
Advancing Our Educational Capabilities
World LanguageAdditional Full-Time Teacher
Gifted & Talented ProgramAdditional Full-Time Teacher
Continued Technology Integration, 1:1 Language Arts Literacy and Social Studies
Resources and Professional DevelopmentScience
Implement Next Generation Science StandardsMath In Focus
Expansion into 8th Grade making it District-WideSTEAM
Hosting Regional Professional Development
State AidBudget Year Amount2009-10 $1,471,492
2010-11 $ 0
2011-12 $ 648,114*
2012-13 $ 838,013*
2013-14 $ 838,014*
2014-15 $ 880,174*
2015-16 $ 880,174*
*Debt service payment deducted from State Aid 2011-12 = 46,477
2012-13 through 2015-16 = 63,786
Health Care / Prescription Costs
Estimated Premium Increases$163,3833.1% increase over 2014-15 budget year
Healthcare waiver- Extra-Ordinary CostsThe State formula allows the district to exceed
the tax levy 2% cap by $66K
Capital ProjectsCapital Projects Financing Philosophy
Funded through Capital Reserve account not bonds Utilize accumulated surplusStrict adherence to 5-year Long Range Facilities PlanPrudent management and pay as you go approach
2015-16 Capital ProjectsLincoln School – New Electrical UpgradesWashington School – Re-tube Boilers, Gym Floor
Replacement, Toilet Renovations, and RepavingCoolidge School – Kindergarten Toilet RenovationsEisenhower School – Partial Windows ReplacementEisenhower Cafeteria – Rooftop A/C Unit
Replacement
Expenditures
Instruction/Regu-lar Program
37%
Special Education18%
General Admin-istration
2%
School Admin-istration
4%
Central Admin/ Technology/ MIS
2%
Operations/Maintenance
9%
Employee Bene-fits16%
Capital Outlay4%
Other2%
Funded Programs2%
Debt Service4%
Proposed Expenditures 2015-16General Fund 2014-
2015 2015-2016
Increase/(Decrease)
% change
Salaries/Payroll $22,202,110
$22,926,231
$ 724,121 3.3%
Health/Prescr./Other Benefits
6,421,792
6,634,701
212,909 3.3%
Classroom Exp. 1,092,270
906,337 -185,933 -17.0%
Technology Costs 156,800 384,583 227,783 145.3%
Sp. Education 1,935,832
1,982,949 47,117 2.4%
Admin. Costs 525,949
439,651 -86,298 -16.4%
Operations 575,195
486,130 -89,065 -15.5%
Custodial Costs 1,503,708
1,532,500 28,792 1.9%
Utilities 1,010,819
1,059,019 48,200 4.8%
Student trans. and other costs
878,410 852,782 -25,628 -2.9%
Capital Outlay 1,009,836
1,442,791 432,955 42.9%
Total $37,312,721
$38,647,674
$1,334,953 3.6%
Revenues
Taxes90.0%
State & Federal Aid3.7%
Miscellaneous0.2%
Appropriated Fund Balance6.1%
Wyckoff’s School District Total BudgetI. General Fund Levy
Local Tax Levy $35,431,541
Fund Balance/Capital Reserves
2,265,800
State Aid 880,174
Misc. Revenue 70,159
Subtotal: $38,647,674
II. Special Revenue
Federal Aid $ 406,280
State Aid 233,230
Subtotal: $ 639,510
III. Debt Service (Principal and Interest Payments On Bonds)
Local Tax Levy $ 1,391,784
Fund Balance 245,110
Subtotal: $ 1,636,894
Total School Budget
$40,924,078
2015-16 Budget
AA+ Bond Rating- demonstrated fiscal responsibility and prudence
Certain adjustments/waivers allow districts to exceed 2%Eligible health care waiverUtilization of banked cap
Proposed Budget District
Pre-budget year adjusted tax levy, including weighted increases for enrollment, inflated by 2%
35,095,814
Adjust. for increase in health care costs
66,469
Use of Banked Cap
269,258
Total:
35,431,541
Wyckoff School Tax IncreaseSchool Year
Tax Year Gen. Fund
Debt Serv.
$ Total % Inc
2006-2007 2006 104 105 209 4.85
2007-2008 2007 321 (40) 281 6.22
2008-2009 2008 204 (30) 174 3.64
2009-2010 2009 187 56 243 3.59
2010-2011 2010 199 51 250 3.45
2011-2012 2011 157 (1) 156 2.85
2012-2013 2012 72 (16) 56 1.01
2013-2014 2013 164 (25) 139 2.46
2014-2015 2014 149 (3) 146 2.48
2015-2016 2015 152 (10) 142 2.37
Conclusion• $142 increase
• Avg. assessed home in Wyckoff $776,500
• The fourth lowest in 14 years
• School Tax increase 2.37%• The second lowest in 14 years
• Distinguished School Awards• Reward Schools• The Jefferson Award• Benchmark School• National Blue Ribbon School• NJ Monthly-Top 31 Schools • School Digger-Top 10 Schools
(2014)
• Distinguished Student Awards• American Mathematics Contest• NJSMA Region I Orchestra • Bergen County Region I Band• Int’l Music & Arts Society’s
Talented Young Musicians
• Distinguished Faculty Awards• 2014 Siemens STEM Institute• Shell Science Teacher Award
Semifinalist• The Johns Hopkins Talent Search• Fellow for New Science Teacher
Academy • NJAPHERD Physical Ed. Teacher
of the Year• Lexus Eco Challenge Award • Toyota International Teacher
Program• Celebrate New Jersey! Powered By
The Sun• Honeywell Institute For Ecosystems
Education Achievement Award• Intermec Award• Science Kit STEM Award• Montclair State University
Graduate School of Education Award
• Fairleigh Dickinson University Scholarship Award
• BCUA Outstanding Achievement in Recycling
Thank you for your support of the education of our children.