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2012 - 2013 Budget Presentation
Citation preview
Greenwich Township School District
Proposed Budget
2012-2013Public Hearing: March 29, 2012
Agenda
This presentation provides an overview of our financial expectations for the 2012-2013 school year.
The intention of this budget is to provide curriculum and instruction which will enable all students to achieve the Core Curriculum Standards and implement the proposed planning process as described in the District’s Annual Report.
Superintendent’s Comments
Budget Goals
Total Budget
2011-2012 vs. 2012-2013
Revenues
Expenditures
2012-2013 State Aid Summary
Local Tax Levy Analysis
Ratables
Budget Highlights for 2012-2013
Cost Saving Measures
Proposed Budget Overview 2012-2013
2012-2013 Budget Goals• Continued emphasis on curriculum and instruction toward enhancing student
achievement. The District will continue purchases to maintain the current level of classroom supplies.
• Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and maintaining current technology.
• Continued emphasis on staff development toward enhancing student achievement and state mandated teacher evaluations. Full day sessions for staff development are planned for 2012-2013 in both areas.
• Continued emphasis on providing a safe and secure learning environment toward enhancing student achievement. The district has continued to make a commitment in the amounts budgeted in maintenance for both buildings.
Proposed Budget Overview 2012-2013
2012-2013 Total Budget
General Fund: $11,382,481
Special Revenue Funds:
FEDERAL: No Child Left Behind (NCLB) Title I Part A, Title II Part A, & IDEA Part B Basic & Preschool
$ 245,334 STATE: Nonpublic Entitlements (Textbooks, Basic Skills, Speech, and Nursing)
$ 102,578 Total Special Revenue:
$ 351,570
TOTAL BUDGET $11,734,051
Proposed Budget Overview 2012-
2013
2011-2012 vs. 2012-2013
2011-2012 Budget
$11,768,238
vs.
2012-2013 Budget
$11,382,481
DECREASE of $385,757
or 3.4%
Proposed Budget Overview 2012-2013
2012-2013 Revenues
Tax Levy: $ 9,447,453 83.0%
State Aid: $ 1,091,720 9.6% Budgeted Fund Balance: $ 556,050 4.9% Other Revenues: $ 287,258 2.5%
General Fund Budget: $ 11,382,481 100%
Proposed Budget Overview 2012-2013
2012-2013 Revenues:Where the money comes from.
State Aid9.6%
Tax Levy83%
Other Revenues2.5%Fund Balance
4.9%
Proposed Budget Overview 2012-2013
2012-2013 Expenditures• Instructional Cost
• Employee Benefits
• Maintenance/Operation
• Support Costs
• Transportation
• Administrative/Business
• Capital Outlay
GENERAL FUND BUDGET
$5,571,726 48.9%
$2,338,938 20.6%
$1,117,902 9.8%
$1,065,678 9.4%
$ 640,145 5.6%
$ 625,583 5.5%
$ 22,509 .20%
$11,382,481 100%
Proposed Budget Overview 2012-2013
2012-2013 Expenditures:How the money is spent.
48.9%
20.6%
9.8%
5.5%
9.4%
5.6%
.2%Instruction
Benefits
Maint/Op
Admin/Bus
Support
Transport.
Food Service
Cap. Outlay
Proposed Budget Overview 2012-2013
2012-2013 STATE AID SUMMARYAmount Dollar Change
from 2011-2012
• Adjustment Aid $410,113 -$102,528
• Special Education Categorical Aid $335,298 $14,490
• Transportation Aid $268,032 -$1,374
• Security Aid $ 78,277 $745
• OVERALL CHANGE IN AID -$88,667
Proposed Budget Overview 2012-2013
Historical Trend of Tax ImpactSchool Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value
2012-13
2011-12
?
3.785
1.660
1.504
?
39.7%
$569,096,803
$655,710,713
2010-11 3.882 1.555 40.1% $615,888,016
2009-10 3.705 1.465 39.5% $628,876,796
2008-09 3.436 1.366 39.8% $648,346,517
2007-08 3.488 1.385 39.7% $615,649,387
2006-07 3.292 1.310 39.8% $635,671,589
2005-06 3.326 1.373 41.3% $588,372,774
2004-05 3.03 1.325 43.7% $593,340,061
2003-04 2.87 1.22 42.5% $622,504,474
2002-03 2.72 1.13 41.5% $619,191,146
Your 2011 General Tax Breakdown
Tax %Rate
County .864 22.83%
Co. Library .071 1.88%
Open Space .069 1.82%
Dist. School 1.504 39.74%
Local 1.277 33.73%
Total $3.785 100%
County
Library
Open Sp.
School
Local
Proposed Budget Overview 2012-2013
Proposed Budget Overview 2012-2013
As of 2011, the Greenwich Twp. School District HAS
THE FIFTH LOWEST school tax rate in the
county!
Proposed Budget Overview 2012-2013
School Tax CalculationTOWNSHIP OF GREENWICH
SCHEDULE OF LOCAL TAXES REQUIRED TO SUPPORT SCHOOL DISTRICT BUDGETTAXES RAISED ON A CALENDAR YEAR BASIS
Proposed 2011/12 2010/112012/13 School Budget School Budget
School Budget Local Local
Local Tax Levy: General Fund 9,447,453.00 9,965,605.00 9,770,201.00 Debt Service Fund - - - Township Adjustments - - -
Total Local Tax Levy 9,447,453.00 9,965,605.00 9,770,201.00
50% of Local Tax Levy 4,723,726.50 A 4,982,802.50 B 4,885,100.50
2012 2011 Increase/Tax Levy Tax Levy (Decrease)
50% from Prior Year Local School Budget 4,982,802.50 B 4,885,100.50 C50% from Current Year Local School Budget 4,723,726.50 A 4,982,802.50 B
Local Taxes to Be Raised for School Purposes 9,706,529.00 9,867,903.00
Net Valuation Taxable 569,096,803.00 655,710,713.00
Tax Rate per $100 Assessed Valuation 1.706 1.505 0.201
Recap of 2012 Proposed Tax Rate : 50% from 2011/12 School Budget 0.876 50% from 2012/13 Proposed School Budget 0.830
Tax Rate per $100 Assessed Valuation 1.706
Tax Rate per $100 Assessed Valuation -
(school year) 1.660 1.520 0.140
LOCAL TAX LEVY2000-2001 Tax Levy
2001-2002 Tax Levy
2002-2003 Tax Levy
2003-2004 Tax Levy
2004-2005 Tax Levy
2005-2006 Tax Levy
2006-2007 Tax Levy
2007-2008 Tax Levy
2008- 2009 Tax Levy
2009-2010 Tax Levy
2010-2011 Tax Levy
2011-2012 Tax Levy
2012-2013 Tax Levy
Average Increase
$6,530,557
$6,607,888
$7,342,932
$7,851,103
$7,873,033
$8,287,803
$8,376,849
$8,685,673
$9,033,100
$9,394,424
$9,770,201
$9,965,605
$9,447,453
$243,075
RATABLES
2003-2004 Assessed Value
2004-2005 Assessed Value
2005-2006 Assessed Value
2006-2007 Assessed Value
2007-2008 Assessed Value
2008-2009 Assessed Value
2009-2010 Assessed Value
2010-2011 Assessed Value
2011-2012 Assessed Value
2012-2013 Assessed Value
For 2012-2013, a penny is equal to:
$622,504,474
$593,340,061
$588,372,774
$635,671,589
$615,649,387
$648,346,517
$628,876,796
$615,888,016
$655,710,713
$569,096,803
$56,910
RATABLES(CONTINUED)
• If ratables remained the same as in 2011, the overall impact would be a 7.90 cent decrease. ($1.520 to $1.441)
• With the decrease in ratables of $86,613,910 the overall impact is an INCREASE of 14.0 cents. ($1.520 to $1.660). The tax increase of 14.0 cents is for the 2012-2013 school year.
Proposed Budget Overview 2012-2013
Budget Highlights 2012-2013
• Maintain Full Day Kindergarten.• Maintain class size within State recommended levels in grades
kindergarten through eight as per NJQSAC.• Maintain academic and after school club activities.• Maintain district-wide technology capabilities.• Emphasis on curriculum and instruction through purchases and staff
development.• Medical plan increase of 14%.• Rx plan increase of 15%.• Dental plan increase of 5%.• Increase on Property/Liability insurance.• 100% PERS obligation estimated in the amount of $165,167.• Increases in special education tuition and associated costs.• Continue to provide courtesy bussing.• Continue to provide maintenance in both buildings above what is
required as per N.J.A.C. 6:24. • Energy cost increases to operate both buildings.
Proposed Budget Overview 2012-2013
District Wide Cost Savings Measures• Township provides at no cost: water/sewer, trash removal and recycling services
and are continually pursuing additional shared services.• The school district and the municipality have shared-service agreement for
diesel and gasoline for all district vehicles along with electrician services.• Greenwich Twp. School District takes part in the following consortiums to
achieve significant savings for the district:– Electricity and Natural Gas- ACES Program– Purchasing of Xerox paper through Pittsgrove Consortium– Telecommunications-ACT Program– Federal E-rate telecommunications– Jointures on transportation with Gateway.– Services provided to Paulsboro, East Greenwich, Mantua, and South
Harrison Twp. for special education students.• The district participates in shared programs with GCSSSD:
– Non-public grant administration programs for textbooks, and nursing services.
– Occupational and physical therapy services. – Transportation for GCIT and special education students.
Proposed Budget Overview 2012-2013
Annual School Election
April 17, 2012
4:00 p.m. - 9:00 p.m.
Broad Street Elementary School Gymnasium