2019-2020 School Year SOUTH BOUND BROOK DISTRICT BOARD OF - PowerPoint PPT Presentation

1 Proposed Budget For the 2019-2020 School Year

SOUTH BOUND BROOK DISTRICT BOARD OF EDUCATION MEMBERS 2 • Mrs. Allison Lih-Thiessen – President • Mrs. Janet Esposito • Mrs. Nancy A. Santora • Mrs. Constance Conner • Ms. Edith Lima • Mr. Dominic Vatalare • Mrs. Jennifer Dabrowski Dr. r. Lor orise se Go Goek eke Su Supe peri rintende ntendent nt/Principa /Principal Mr. Vin incent nt Car arav avello llo Sc School l Busines siness s Admi mini nist strator/ rator/ Board ard Se Secreta tary

ROBERT MORRIS SCHOOL VISION STATEMENT 3 Todis co vertheneedsandenhancethetalentso f all s tudents in o rder to create w ell-educated, caring individuals w ho em brace divers ity, s eek kno w ledge, challengeexis ting ideas , and create newo nes . O ur s tudentsw illdevelo pas pirito fbelo ngingandades ire fo r excellence as a res u lt o f co llabo ratio n w ith teachers , s taff, parents , and co m m unity m em bers . This w ill enable o ur s tudents to beco m e exem plary citizensasthey develo p the ability toexcel in their cho s enandfutureendeavo rs .

THANK YOU FOR YOUR SUPPORT! 4 The 2019-2020 school budget provided our district with: Promethean LED Lighting New Staff Boards Upgrades Devices Middle School HVAC Units for MPR and Security Mcloughlin Camera Gym. Upgrades Access Points/Cabling Flooring Upgrades Upgrades .

BENEFITS TO COMMUNITY 5 Our school hosts over 150 community events at the facility at no charge . • Recreation Department • Cops 4 Kids • Basketball • Teen & Adult Night • South Bound Brook Mayor and Council • Social Committee • - Halloween Celebration • Holiday Program December • Easter Program • Girl Scouts Troops #29, #238 • Cub Scout Pack #42 • Senior Citizens • South Bound Brook Little League • PTO

DISTRICT EFFICIENCIES 6 Continue to maintain below Utilizing our state average in Shared Services administrative available to the costs and Limits district to keep Maintaining costs down Taxpayer Relief Providing new and innovative learning opportunities for students while holding fiscal accountability Consistent Enrollment to maintain adequate state funding

SHARED SERVICES 7 ERIC North ACT Worker’s ACES GAS Comp. Purchasing and Electric Insurance T elephone and Long Distance Consortium Rutgers South Bound Brook Douglass Shared Borough (snow Services (CST) removal, landscaping, trash and recycling) Ed Data Cooperative Middlesex Regional Bidding Services Educational Services (Supplies and Commission (supplies Time/Material) and special ed. services) Hunterdon Regional Somerset County Education Educational Services Services Commission Commission (Transportation) (CST)

OBJECTIVES FOR 2019-2020 CONTINUE/MAINTAIN 8 • Current Curriculum aligned to • Designation as Leader in Me NJSLS Lighthouse School • Student Achievement Goals • All current Academic Programs • Safe Schools Initiatives and Security Improvements. • All extra-curricular Activities • Daily T echnology Infusion within • Social and Emotional Programs the classroom • 1-1 Student Device Initiative • T o support district initiatives • Appropriate Staffing that foster, sustain and expand relationships with the community

OBJECTIVES FOR 2019-2020 EXPANSIONS/UPGRADES 9 HVAC Replacement all of 2 nd floor • • Upgrade Bathroom Partitions (part 2 of 4 year project). Upgrade Water Fountains • • Re-Model Courtyard through community involvement. • Replacing Aging Chromebooks as needed • Promethean Boards for the Elementary School Wing Remodel of Room 140 • • Remodel of Room 135 • Security Vestibule for Madison Street Entrance. • New PA System for Building

STATE AID 2019-2020 10 State Aid for History 2017-2018: $3,454,933 2018-2019: $3,627,680 2019-2020: $3,681,063 ($53,383 increase) School Development Authority Adjustment ($32,491) T otal State Aid Analysis FY20 $3,648,572

FEDERAL GRANTS 2019-2020 11 Our Federal IDEA Pre- Grants Title I Title IIA Title III Title IV IDEA Basic includes the K following :

REVENUES 2019-2020 Revenue 2018-2019 2019-2020 Increase/ % Change Source Estimated Decrease Tax Levy $6,149,056 $6,222,845 $73,789 1.20% Fund Balance $564,380 $560,681 ($3,699) -0.66% Misc $12,200 $58,388 $46,188 378.59% Revenues Total State $3,702,680 $3,756,063 $53,383 1.44% Aid Withdrawal $520,000 $705,050 $185,050 35.59% of Cap Reserve Special $210,387 $220,185 $9,798 4.66% Revenue Debt Service $352,200 $334,900 ($17,300) -4.91% TOTAL $11,510,903 $11,858,112 $347,209 3.00% REVENUE BUDGET The Total Revenues Budget= $11,858,112

REVENUES 2019-2020 State Aid 2% Local Levy 5% 1% 2% 6% 32% Misc Income Tax Relief Federal Grants Debt Service Levy 52% Capital Reserve The Total Revenues Budget= $11,858,112

APPROPRIATIONS 2019-2020 Appropriations 2018-2019 2019-2020 Increase/ % Change Estimated Decrease T otal Instruction $3,156,814 $3,461,491 $304,677 9.65% Expenditures T otal Tuition $2,207,809 $2,233,472 $25,663 1.16% T otal Administrative $695,177 $666,724 ($28,453) -4.09% Costs T otal Support $3,814,561 $3,970,151 $155,590 4.08% Services T otal Capital Outlay $1,040,849 $832,542 ($208,307) -20.01% Special Schools $33,106 $138,647 $89,041 318.8% Special Education $210,387 $220,185 $9,798 4.66% Grants Debt Service $352,200 $334,900 ($17,300) -4.91% Payments T otal Appropriations $11,510,903 $11,858,112 $347,209 3.00% The Total Revenues Budget= $11,858,112

APPROPRIATIONS 2019-2020 Total Instruction Expenditures Total Tuition 2% 2% Total Administrative Costs 1% 30% 18% Total Support 7% Services 1% Total Capital Outlay Total Special Schools Benefits 14% Transportation 20% 5% Debt Service Grants . Total Appropriations Budget=$11,858,112

TAX LEVY REDUCTIONS 16 Undesignated Fund Balance 2017-2018 Budget $354,843 2018-2019 Budget $564,380 2019-2020 Budget $560,681 Maintained tax relief from previous budget

TAX LEVY DEBT SERVICE 17 Debt Service Payments Refinancing of 2001 Bond 2017-2018 $354,400 2018-2019 $352,200 2019-2020 $334,900 **Savings over life of bond: $246,713** *Last payment is June 30, 2022*

OVERALL TAX LEVY RELIEF AND TAX IMPACT 2019-2020 18 General Fund Tax Levy Amounts T otal Levy Breakdown Amounts Breakdown 2018-2019 T otal Levy (General & $6,501,256 Maximum Allowable Levy $6,272,037 Debt Service) 2019-2020 T otal Levy (General & $6,557,745 Budgeted Tax Levy 2019- $6,222,845 Debt Service) 2020 Difference (Dollar Amount) $56,489 Tax Levy Relief $49,192 (Difference) Difference (Percentage Amount) 0.87% Banked Cap Set To Expire $50,866 (2016-2017 Budget) Total General Fund Tax $100,058 Levy Relief Debt Service Tax Levy Amounts Overall Tax Impact Amounts Breakdown For the Year $13.89 2018-2019 Debt Service $352,200 Per Month $1.16 per Month 2019-2020 Debt Service $334,900 Per Day 0.05 cents per day Total Debt Service Relief $17,300

TAX 2019-2020 SCHOOL YEAR BASIS INCLUDING DEBT SERVICE 19 2019-2020 Tax Calculations (General Fund Only) Anticipated Difference 2019-2020 2018-2019 Local Tax Levy $6,149,056 $73,789 $6,222,845 Tax Rate 1.88% 1.88% 0.0056090% Taxable's $327,531,977 $329,613,568 $2,081,591 Average Assessed Valuation $240,330 $142 $240,472 Average Assessment $4,512 $28 $4,540 2019-2020 Tax Calculations (including Debt Service) Anticipated 2019-2020 Difference 2018-2019 Local Tax Levy $6,501,256 $6,557,745 $56,489 Tax Rate 1.9849% 1.9895% 0.0023188% Taxable's $327,531,977 $329,613,568 $2,081,591 Average Assessed Valuation $240,330 $142 $240,472 Average Assessment $4,512 $4,540 $28 19

HOW EFFICIENT ARE WE? 20 New Jersey Department of Education’s Taxpayers Guide to Educational spending 2018 According to the most recent data, the South Bound Brook School district is listed as one of the more efficient Schools in New Jersey in the following areas: Out of the 67 total K-8 schools in New Jersey with 401-750 students: Budgetary Per Pupil Costs (#18 out of 67) Total Classroom Instruction Costs (#17 out of 67) Total Administration Costs (#18 out of 67) Administration Salary and Benefits (#15) Classroom Salaries and Benefits (#13) Salaries and Benefits for Support Services (#19 out of 67) Total Operations and Maintenance of Plant Costs (#21 out of 67) Ratio of Students to Administrative Personnel (#17 out of 67) Ratio of Students to Classroom Teachers and Salary (#13 out of 67) Extracurricular Costs (#17 out of 67)

SUMMARY 21 • The budget continues to provide for necessary program development in the most responsible manner, minimizing the impact on the local tax levy. • Due to careful budget management, the district has continued to provide students with the necessary tools to access a 21 st century education. • to support the continued professional development of staff, especially in the areas of social emotional learning, culturally responsive instruction, technology, and content specialization. • Allows the continued enhancement and improvement of the Facility.

BUDGET QUESTIONS 22 • Please Email me all of your questions relating to the 2019- 2020 Budget at: • caravello@southboundbrookk8.org