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.