GALLOWAY TOWNSHIP PUBLIC SCHOOLS2014 - 2015Preliminary Budget Presentation

Presented to the Galloway Township Board of EducationNovember 18, 2013

PRELIMINARY BUDGET PLANNING Current Budget

Where are we?

Budget Considerations 2014-2015 Where are we going?

2014-2015 Budget Planning How do we get there?

CURRENT BUDGET – WHERE ARE WE?

CURRENT BUDGET 2013-2014 REVENUES

Local Tax Levy50%

State Aid40%

Fund Balance6%

Withdrawal - Capital Reserve4%

Miscellaneous Other0%

CURRENT BUDGET 2013-2014 EXPENDITURES

CAPITAL

SALARIES

HEALTH BENEFITS

OTHER EMPLOYEE

COSTS

PUR-CHASED

SERVICES

TRANS-PORTATION

TUITION/CHARTER

SUPPLIESMISCTXFR TO FOOD SVC

CURRENT BUDGET 2013-2014 EXPENDITURES

Instruction40%

Tuition and Charter

5%

StudentSupport Services

9%

Adminis-tration

6%

Operations/Maintenance

7%

Transportation7%

Employee Benefits22%

Food Service0%

Capital5%

2013 TAXPAYER’S GUIDE TO EDUCATION SPENDINGK-8 District with enrollment over 750 (n=88) 2011-12 Cost per pupil $16,733 (53 / 88) Administration per pupil $1,257 (22 / 88) Legal Services per pupil $10 (5 / 88) Food Service Contribution $4 (2 / 88) Ratio-Students to Teacher 11.1 (77 / 88) Ratio-Students to Admin 213.4 (24 / 88) Ratio-Faculty to Admin 21.8 (11 / 88)

BUDGET CONSIDERATIONS–WHERE ARE WE GOING?

2014-2015 BUDGET CONSIDERATIONS Maintaining current class size and programs Replenishment of consumable materials No new series / curriculum purchases PARCC preparation Technology Facilities and maintenance School security upgrades Capital projects

2014-2015 BUDGET CONSIDERATIONS Tax levy cap

Approximately $585,000 for the 2014-15 budget

Represents 0.998% of the general fund budget

Banked cap $879,118 of available banked cap Entire amount will disappear if not utilized in 2014-15 budget

2014-2015 BUDGET CONSIDERATIONS Fund Balance

2013-2014 2,770,222 to fund general budget 750,000 to fund capital reserve

2014-2015 2,799,822 in audited excess surplus As per 2013 district audit presented to

the BOE in October

BUDGET PLANNING-HOW DO WE GET THERE?

HOW DO WE GET THERE? Budget development calendar Meetings/Planning with district administrators Payroll/Benefits projections Accumulation of data Projected staffing meetings Meetings with board committees Further public presentations Input from community members/stakeholder

groups

UNKNOWN FACTORS FOR 2014-2015 The budget is a plan, not absolute Enrollment projections ROD grant applications State aid – historically released in

February Budget approval timelines Unanticipated costs

QUESTIONS/COMMENTSThank you!