Lebanon Borough School2014/2015 Budget Hearing

May 7, 2014

Joseph Bellino, Interim Business AdministratorDr. Robert Sutter, Chief School Administrator

Budget Process 2014

• Needs based• Priorities set by administration and BOE• Mandates and Costs• Revenue• Year Over Year Comparisons• State Aid Summary• Tax Rate Calculations & Tax Impact

Needs & Goals

• Student Achievement

• Safety & Security

• Maintain community investment in Facilities

• Fiscal Responsibility

Unfunded Mandates

• PARCC Testing• Teacher Evaluations• State Curricular

Changes with Mandated Timelines

• HIB

• Special Education Law and ADA compliance(504)- example: there is no funding for any 504 requirements.

Budget HighlightsFacility• Security System Upgrade• HVAC Project

Unfunded State Mandates:• Increase in health insurance costs• Teacher Evaluations• Student Information System

Curriculum & Programs• Professional Development• Instructional Hardware / Supporting

Technology• PARCC Testing Preparation• Physical Education – Increase to .8• After School Activities• Additional Special Education Teacher• Increase to 2 full time instructional

aides

Revenue Summary2013/14 2014/15 $ Change % Change

Tax Levy 2,172,561 2,237,738 65,177 3%

Excess Surplus 117,460 0 (117,460) (100%)

Withdrawal from Capital Reserve

0 150,000 150,000 100%

State Aid:Transportation

12,988 12,988 0 0%

Special Education 64,267 64,267 0 0%

Security 7,997 7,997 0 0%

School Choice 38,478 38,478 0 0%

Adjustment 61,273 63,373 2,100 1.1%

Miscellaneous 12,000 12,0000 0 0*

Total General Fund Revenue

2,487,024 2,586,841 99,817 4%

Spending Summary

Regular Education, $622.1 = 24%

Out of District, $394.3 = 15%

Special Education, $322.4 = 12%Student Support, $251.8 = 10%

Administration, $187 = 7%

Facilities, $347.9 = 13%

Salaries & Benefits, $461.2 = 18%

(dollars in thousands)

Impact of Salaries & Benefits

49%

18%

33%

Salaries Benefits All Other Expenses

Tax Impact• Total Net Tax Levy increase of $65,177 or 3%.

• Tax increase of $26.78 per $100,000.

• Tax increase on the average home value of $270,000 of $72.31.

Questions & Thank You

Additional questions may be sent to the Superintendent, Dr. Robert Sutter at:

rsutter@lebanonschool.org