Presentation of f th the Annual School Dis istrict Budget for 2018-2019 2019
Annual District Enrollment 2012/13 to 2017/18 School Year Total Students Change in Enrollment % Change 2012/13 3777 - - 2013/14 3591 -186 -4.9% 2014/15 3411 -180 -5.0% 2015/16 3376 -35 -1.0% 2016/17 3269 -107 -3.2% 2017/18 3196 -73 -2.2% Total Drop in Enrollment since 2012/13: -581 -15.3%
2017-2018 General Fund Budget Preparation $2,500,000 Increase in Increase in HVAC Supplies $350,000 Repairs $85,000 Increase in $2,000,000 Charter Schools Increase in Tuition Transportation $130,000 $250,000 $1,500,000 Increase in Lease Payments Increase in ACIT $105,000 Payments Increase in State $1,000,000 $214,500 Facilities $199,257 Increase in $500,000 Salaries $936,000 $67,848,000 $633,250 General Fund $0 Increase in Tax Levy Increases
2018-2019 General Fund Budget Preparation $2,500,000 TO BE CUT $709,422 $2,000,000 Additional State Aid $1,500,000 $787,901 Banked Tax Levy $1,000,000 CAP $447,082 $500,000 $633,250 $67,848,000 $0 General Fund Increase in Tax Levy Increases
Budget Challenges Underfunded State Aid id • Since 2010 the New Jersey School Funding Reform Act (SFRA) has not been fully funded • For our 2018/2019 we received an increase of $787,901 • For our 2018/2019 budget we are still underfunded by $2.3 million # • Cumulatively since 2010 GEHRHSD is underfunded by $39.9 Million * • # - Proposed phase-in and projected SFRA k-12 formula • * - From Education Law Center school funding data
Budget Challenges Atla lantic County In Instit itute of Technology • For the 2018/2019 school year we have budgeted 433 students attending ACIT • Total budgeted 2018/2019 cost including transportation and tuition adjustment is $4,519,717 • We have deferred an additional $965,797 of ACIT Tuition adjustments until 19/20
Budget Challenges Sc School l Develo lopment Authorit ity (S (SDA) ) Ass ssessment • Starting with the 2010/2011 budget, we have been “assessed an amount that represents 15% of our proportionate share of the principal and Interest payments for State issued construction bonds” • 2018/2019 budgeted assessment $611,622 • Total cumulative assessment since 2010/2011 is $4,093,087
Budget Challenges Homele less Transportatio ion • 2015/2016 Homeless Transportation Costs $94,659 • 2016/2017 Homeless Transportation Costs $177,695 • 2017/2018 Homeless Transportation Costs $181,931 to date
Su Summary of f Budget Cuts in in Major Areas • Curriculum and Professional Development $19,585 • ETTC Membership • Professional Development • ASCD Dues • Buildings and Grounds $178,500 • Supplies and Equipment • Repairs • Security Supplies • Student Custodians/Teacher Painting • Supplies and Technology $80,000 • High School Supply Budgets • FIRST Robotics
Su Summary of f Budget Cuts in in Major Areas • Administrative/Board Professional Costs $48,800 • Legal Fees, Negotiating Fees • Postage, Advertisements • Computer Licenses • Certified Staffing in all three high schools $373,102 • 4 retirements/resignations not being replaced • 2 new teachers not being hired
2 Year Budget Hig ighlights • School to Careers • We now supervise special needs students serving in the workplace. Previously, the Atlantic County Special Services District would provide these services. This yields an additional savings of $373,000 • Increased Offerings in all Schools • Art, Culinary Arts, CADD, Digital Photography, Marketing, Sports Medicine, Forensics Science, Air Force JROTC , New English Elective Program • Effective School Solutions program • Providing counseling and continued support for eligible students • Expanded Offerings in or Biomedical, Computer Science and Homeland Security Magnet Programs
2 Year Budget Hig ighlights • Continued Lease Purchasing of New Computers, Chrome Books, and iPads • Solar/Roof Project • Continued work to secure solar power at all three buildings which would include a new roof at Absegami • LED Lighting Upgrades • Working towards the culmination of lighting retrofits with LED in all three schools paid for by the savings. Improves lighting in the schools as well as future savings once program is paid off • Field Maintenance • Continued dedication to improving and maintaining district fields
State Aid id Summary ry 2018-2019 2019 General Fund * Debt Service Fund # 2018/2019 State Aid $ 32,137,553 $1,384,135 2017/2018 State Aid $ 31,349,652 $1,342,312 Increase in State Aid $ $ 787,901 $ 41,823 Increase in State Aid % 2.51% 3.12% * excludes extraordinary aid # includes March 2015 referendum aid
Budget Summary ry 2018-2019 2019 General Fund $ 67,848,461 Special Revenue Fund $ 1,259,600 Debt Service Fund $ 5,398,097 Total $ 74,506,158
Budget Expenditure S Summary ry 2018-2019 2018 2019 Current Expense $ 66,461,879 Funds for the operation of schools such as salaries, books, materials, and the maintenance of facilities. Capital Outlay $ 611,662 Funds for SDA assessment. Charter School Tuition $ 774,920 Charter school tuition costs. Federal and State Projects $ 1,259,600 Funds to implement ESEA, IDEA and other Federally funded projects as well as State Nonpublic programs Debt Service Funds $ 5,398,097 Funds to pay principal and interest on prior bond issuances. Total Expenditures $ 74,506,158
Budget Exp xpenditure Summary ry 2018-2019
Budget Revenue S Summary ry 2018-2019 Budgeted Fund Balance – Operating Budget $ 300,000 Local Sources $34,712,642 Local taxes, tuition, transportation fees, gate receipts, rental of buildings and interest on investments State Sources $32,787,553 Equalization aid, categorical special education aid, extraordinary aid, security aid, and transportation aid SEMI – Special Education Medicaid Initiative $ 48,266 Total General Fund $67,848,461
Budget Revenue S Summary ry 2018-2019 Federal and State Sources – Grants and Entitlements $ 1,259,600 Federal aid to implement ESEA/NCLB, IDEA, other special revenue and State non-public funds. Debt Service Fund Balance $ 177,500 Debt Service Local Tax Levy $ 3,836,462 Funds to pay principal and interest on prior bond issuances State Debt Service Aid $ 1,384,135 Funds to pay principal and interest on prior bond issuances Total Anticipated Revenues $ 74,506,158
Budget Revenue S Summary ry 2018-2019
Out of f Dis istri rict Tuit ition Trends $9,000,000.00 $8,000,000.00 $7,000,000.00 $6,000,000.00 $5,000,000.00 $4,000,000.00 $3,000,000.00 $2,000,000.00 $1,000,000.00 $0.00
2018-2019 Budget Comparison to 2017-2018 2018 Percent Category 2018-2019 2017-2018 Increase/(Decrease) Change General Fund $65,920,885 $67,848,461 1,927,576 2.92 Special Revenue $ 1,259,600 $1,481,883 ($222,283) (15%) Debt Service $ 5,398,097 $5,450,097 ($52,000) (0.95%) Total $74,506,158 $72,852,865 $1,653,293 2.27%
All llocation of f Regional Taxes Regional Equalized Regional Equalized Valuation 2018 Valuation 2017 $ 69,392,769 4.1041335% $ 72,577,527 4.2048397% Egg Harbor City Galloway Twp $ 864,118,440 51.1070171% $ 895,167,211 51.8622608% Hamilton Twp $ 619,490,936 36.6388824% $ 608,338,350 35.2445909% Mullica Twp $ 137,799,801 8.1499670% $ 149,964,325 8.6883086% Total $ 1,690,801,946 100.000000% $ 1,842,645,602 100.000000%
All llocation of f Regional Taxes Further Explanation A B C D E F (C/B+C) (A*D) (E/Total E) Elementary Regional Regional 2017/2018 Equalized Enrollment Enrollment Regional Equalized Percentage Valuation 10/14/16 10/14/16 Percentage Valuation Share Egg Harbor City $ 227,965,733 521 228 30.44% $ 69,392,769 4.1041335% Galloway Township $ 2,751,969,555 3255 1490 31.40% $ 864,118,440 51.1070171% Hamilton Township $ 2,139,126,161 2887 1177 29.96% $ 619,490,936 36.6388824% Mullica Township $ 455,988,753 635 275 31.22% $ 137,799,801 8.1499670% $ 5,575,050,201 7298 3170 $ 1,690,801,946 100.0000000%
All llocation of f Regional Taxes Equalized Valu luation • Calculated by New Jersey Division of Taxation • Includes: • the aggregate true value of real property • the value of second class railroad property • the assessed value of locally assessed business personal property • It is used to measure the wealth of the taxing district
Constituent Ratables 2018 2017 Increase/(Decrease) Assessed Values Assessed Values $ % Egg Harbor City $ 197,867,300 $ 222,198,200 $ (24,330,900) (10.95%) Galloway Township $ 2,695,366,700 $ 2,693,627,800 $ 1,738,900 0.06% Hamilton Township $ 2,094,348,637 $ 2,090,743,139 $ 3,605,498 0.17% Mulica Township $ 292,476,800 $ 291,878,400 $ 598,400 0.21%
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