THIRD BUDGET THIRD BUDGET PRESENTATIONPRESENTATION

WORK SESSION:WORK SESSION:

HADDONFIELD BOARD OF EDUCATIONHADDONFIELD BOARD OF EDUCATION

February 7, 2008February 7, 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 BUDGET2008-2009 BUDGET

THE PROPOSED THE PROPOSED BUDGET FOR BUDGET FOR

2008-20092008-2009

2008-2009 BUDGET2008-2009 BUDGET

EXPENDITURESEXPENDITURES

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 – approved $50,000 – Technology – approved $50,000 – amount requested $321,000amount requested $321,000

District – World Language Teacher K District – World Language Teacher K to 2 – denied – implement alternate to 2 – denied – implement alternate programprogram

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

K-12 Teachers:K-12 Teachers:

2007-2008 Budget2007-2008 Budget $ 9,951,250$ 9,951,250

2008-2009 Proposed 2008-2009 Proposed $ 9,922,650$ 9,922,650

Reduction over last year Reduction over last year $ 28,600$ 28,600

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Substitute Costs:Substitute Costs:

2007-08 Budget2007-08 Budget $214,700$214,700

2008-2009 Proposed2008-2009 Proposed $192,760$192,760

ReductionReduction $ $

21,94021,940

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Home Instruction: Home Instruction:

Reduction of $10,000 or 16.67%Reduction of $10,000 or 16.67%

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Administrative Costs – breakage Administrative Costs – breakage

of 1.54% or $33,755 from where of 1.54% or $33,755 from where

we are this school yearwe are this school year

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Utilities and Gas – the 2008- Utilities and Gas – the 2008-

2009 budget is less than our 2009 budget is less than our

actual usage in 2006 – 2007! actual usage in 2006 – 2007!

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Special Education Transportation – Special Education Transportation –

Less than our actual costs in 2006-Less than our actual costs in 2006-

2007! (Bus route efficiencies)2007! (Bus route efficiencies)

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Supplies – Reduced the budget between Supplies – Reduced the budget between

2006-07 to 2007-08 by $114,375. 2006-07 to 2007-08 by $114,375.

Proposing a further reduction of $16,700 for Proposing a further reduction of $16,700 for

the 2008-09 school year.the 2008-09 school year.

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONSBUDGET REDUCTIONS

Shopping our health benefits plan – Shopping our health benefits plan –

Saved $125,000 last year which is Saved $125,000 last year which is

being put into the 2008-09 budget. being put into the 2008-09 budget.

RETIREE SAVINGSRETIREE SAVINGSas of January 10, 2008as of January 10, 2008EXISTING 2008-09 SALARY

REPLACEMENT SALARY

SICK PAYOUT

DIFFERENCE

$80,513 $49,950 $12,500 $18,063

$81,313 $49,950 $ 5,000 $26,363

$81,313 $50,450 $14,500 $16,363

$78,913 $50,540 $ $28,373

$87,861 $49,950 $ 7,500 $30,411

$82,252 $56,450 $ $25,802

$77,643 $46,500 $12,500 $18,643

Total Savings $164,018

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX REDUCING THE TAX IMPACT BY IMPACT BY

INCREASING REVENUEINCREASING REVENUE

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX IMPACT REDUCING THE TAX IMPACT

BY INCREASING REVENUEBY INCREASING REVENUE

Budgeted all Budgeted all

Extraordinary Aid Extraordinary Aid

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX IMPACT REDUCING THE TAX IMPACT

BY INCREASING REVENUEBY INCREASING REVENUE

Increased our tuition Increased our tuition income by 10.54%income by 10.54%

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX IMPACT REDUCING THE TAX IMPACT BY INCREASING REVENUEBY INCREASING REVENUE

Increased our interest Increased our interest income by 11% income by 11%

(Based on historical review)(Based on historical review)

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX IMPACT REDUCING THE TAX IMPACT BY INCREASING REVENUEBY INCREASING REVENUE

Increase our usage of Increase our usage of fund balance by 138%fund balance by 138%

(still within the 2% state guidelines)(still within the 2% state guidelines)

2008-2009 BUDGET 2008-2009 BUDGET

REDUCING THE TAX IMPACT REDUCING THE TAX IMPACT

BY INCREASING REVENUEBY INCREASING REVENUE

Total additional savings to Total additional savings to taxpayer: $244,592taxpayer: $244,592

2008-2009 BUDGET 2008-2009 BUDGET

BOTTOM LINEBOTTOM LINE

REVENUE INCREASESREVENUE INCREASES$ 244,592$ 244,592

SAVINGS OVER THIS YEARSAVINGS OVER THIS YEAR$ 283,373$ 283,373

2008-2009 BUDGET2008-2009 BUDGETRECOMMENDED REDUCTIONSRECOMMENDED REDUCTIONS

Educational Assistant Reduction (23%)Educational Assistant Reduction (23%) 98,25098,250

Substitute Teacher Reduction (10%)Substitute Teacher Reduction (10%) 21,94021,940

Supplies Decrease (3%)Supplies Decrease (3%) 16,70016,700

Athletic Program Reduction (5%)Athletic Program Reduction (5%) 28,65028,650

Extracurricular reduction (5%)Extracurricular reduction (5%) 16,80016,800

TOTAL REDUCTIONSTOTAL REDUCTIONS $182,340 $182,340

2008-2009 BUDGET2008-2009 BUDGET

BUDGET REDUCTIONS BUDGET REDUCTIONS AND ADDED INCOMEAND ADDED INCOME

TO DATETO DATE

$ 710,305$ 710,305

2008-2009 BUDGET PROPOSAL2008-2009 BUDGET PROPOSAL

REVENUE 2008-2009REVENUE 2008-2009State AidState Aid $ 1,610,445$ 1,610,445

Additional State AidAdditional State Aid $ 95,969$ 95,969

Local Tax LevyLocal Tax Levy $ 28,801,961$ 28,801,961

TuitionTuition $ 488,463$ 488,463

Unrestricted FundsUnrestricted Funds $ 155,000$ 155,000

Fund BalanceFund Balance $ 187,500$ 187,500

TotalsTotals $ 31,339,338$ 31,339,338

2008-2009 BUDGET PROPOSAL2008-2009 BUDGET PROPOSAL

APPROPRIATIONS 2008-2009APPROPRIATIONS 2008-2009

Faculty/Rep StaffFaculty/Rep Staff $ 18,171,805 $ 18,171,805

Admin/Non RepAdmin/Non Rep $ 2,159,600$ 2,159,600

Special Ed TuitionSpecial Ed Tuition $ 932,500$ 932,500

Medical/DentalMedical/Dental $ 5,376,920$ 5,376,920

OperationalOperational $ 4,698,513$ 4,698,513

TOTALSTOTALS $ 31,339,338$ 31,339,338

2008-2009 BUDGET PROPOSAL2008-2009 BUDGET PROPOSAL

COMPARISON REVENUE COMPARISON REVENUE

TO APPROPRIATIONSTO APPROPRIATIONSRevenueRevenue $31,339,338$31,339,338

AppropriationsAppropriations $31,339,338$31,339,338

DifferenceDifference $ 0.00$ 0.00

2008-2009 BUDGET PROPOSAL2008-2009 BUDGET PROPOSAL

TAX LEVYTAX LEVY

2007-2008 -- $1.32112007-2008 -- $1.3211

2008-2009 -- $1.35322008-2009 -- $1.3532

Increase of 2.43%Increase of 2.43%

THOUGHTSTHOUGHTS

This is a good budgetThis is a good budget

We have searched and added all We have searched and added all revenue sourcesrevenue sources

We have implemented cost savings We have implemented cost savings and budget reductions and budget reductions

THOUGHTSTHOUGHTS

PROVIDING A QUALITY PROVIDING A QUALITY EDUCATION AT A BELOW EDUCATION AT A BELOW

MARKET PRICEMARKET PRICE

TOP I AND J DISTRICTSTOP I AND J DISTRICTS

Rank District County DFGAdminCosts

7Northern Highlands Regional

(Allendale) Bergen J $1,603

5 Mountain Lakes Morris J $1,533

30 Voorhees (Lebanon Twp) Hunterdo

nI $1,532

23 Pascack Valley (Hillsdale) Bergen I $1,532

8 Pascack Hills (Montvale) Bergen I $1,523

16Northern Valley Regional

(Demarest) Bergen I $1,517

25Northern Valley Regional (Old

Tappan) Bergen I $1,517

2 Tenafly Bergen I $1,512

20 Summit Union I $1,489

10 Glen Ridge Essex I $1,488

6 Glen Rock Bergen J $1,482

14 Livingston Essex I $1,472

13 Princeton Mercer I $1,390

24 Ridgewood Bergen J $1,381

15 Cresskill Bergen I $1,369

STATE AVERAGE $1,348

17 Haddonfield Memorial Camden J $1,312

3 Millburn Essex J $1,303

22 Westfield Union I $1,275

12 Chatham Morris J $1,229

9 West Windsor–Plainsboro South Mercer J $1,198

18 West Windsor–Plainsboro North Middlesex

J $1,198

21Governor Livingston (Berkeley Heights)

Union I $1,141

4 Montgomery Somerset J $1,018

11 Ridge (Bernards Twp) Somerset J $898

19 Holmdel Monmouth

I $834

TOP I and J DISTRICTSTOP I and J DISTRICTSRank District County

DFG

Cost per Pupil

5 Mountain Lakes Morris J $17,654

8 Pascack Hills Bergen I $15,789

23 Pascack Valley Bergen I $15,789

13 Princeton Mercer I $15,112

7Northern

Highlands Regional

Bergen J $14,356

30 Voorhees Hunter I $14,256

16Northern Valley

RegionalBergen I $14,020

6 Glen Rock Bergen J $13,588

2 Tenafly Bergen I $13,529

3 Millburn Essex J $12,937

20 Summit Union I $12,851

14 Livingston Essex I $12,772

9 West Windsor Mercer J $12,153

Rank District CountyDF

GCost per Pupil

 STATE AVERAGE

    $12,150

24 Ridgewood Bergen J $12,133

21Governor

Livingston Union I $11,612

12 Chatham Morris J $11,585

19 Holmdel Monmouth I $11,484

10 Glen Ridge Essex I $11,438

17 Haddonfield Camden J $11,360

22 Westfield Union I $11,030

15 Cresskill Bergen I $11,024

11Ridge (Bernards

Twp) Somerset J $10,992

4 Montgomery Somerset J $10,071

LOCAL DISTRICTSLOCAL DISTRICTS

DistrictCost per Pupil

Collingswood $13,157

Lenape $12,773

Haddon Heights $12,413

State Average $12,150

Cherry Hill $11,947

Moorestown $11,448

Haddonfield $11,360

Haddon Township $11,291

QUESTIONS?QUESTIONS?