WEST ESSEX REGIONAL SCHOOL DISTRICT 2020-2021 BUDGET
NEW: Budget maintains Meets the increases existing district Additional staff, of salaries and staff, academic classroom benefits and offerings, extra- renovations, operational costs curricular activities, chromebooks for incoming 7 th grade and transportation Improving the Academic Environment of West Essex
BUD UDGET GET IN INFORMA FORMATION TION
BREAKDOWN OF BUDGET Fund Fund 2020 2020-2021 2021 Total General Fund $ 41,437,872 Total Special Revenue Fund $ 263,000 Total Debt Service Fund $ 2,050,313 Totals als: $ 43,751 751,18 ,185 5
DETAILED EXPENDITURE BREAKDOWN Ove verall ll Budget spendin ing is: 2019 2019-2020 Budget 2020-2021 2020 $ Change % Change (Revis vised 2/1/2020) Propose sed Budget Instructio ion: Regular Programs $ 12,764,113 $ 12,989,246 $ 225,133 1.76% Special Education $ 2,489,119 $ 2,417,656 $ (71,463) -2.87% Servic ices: Extra-Curricular Activities $ 355,122 $ 358,426 $ 3,304 0.93% Athletics $ 1,346,363 $ 1,354,053 $ 7,690 0.57% Tuition $ 2,999,980 $ 3,006,256 $ 6,276 0.21% Attendance, Health Svcs, Guidance $ 1,197,952 $ 1,266,584 $ 68,632 5.73% Child Study Team $ 1,272,708 $ 1,194,305 $ (78,403) -6.16% Instructional Staff Training Services $ 559,672 $ 567,792 $ 8,120 1.45% Media/Library Services $ 471,699 $ 584,871 $ 113,172 23.99% General Administration $ 814,950 $ 786,074 $ (28,876) -3.54% School Administration $ 1,756,381 $ 1,782,555 $ 26,174 1.49% Central Services & Info Tech $ 609,497 $ 527,694 $ (81,803) -13.42% Operations and Maintenance of Plant $ 4,162,113 $ 4,156,428 $ (5,685) -0.14% Transportation $ 2,575,366 $ 2,653,088 $ 77,722 3.02% Employee Benefits $ 7,190,640 $ 7,459,474 $ 268,834 3.74% Capital Outlay $ 1,542,746 $ 333,370 $(1,209,376) -78.39% Special Revenue Funds $ 425,379 $ 263,000 $ (162,379) -38.17% Debt Service $ 2,116,900 $ 2,050,313 $ (66,587) -3.15% TOTAL AL: $44,650,700 $43,751,185 $ (899,515) -2.01%
WHERE THE MONEY IS ALLOCATED Special ial Revenu nue Fund nd Debt t Service ice 1% 1% 5% 5% Capita pital l Outla tlay 1% 1% Regul ular ar Progr ograms ams Empl ployee oyee Benefits its 30% 30% 17% 17% Trans nspor porta tati tion on Regul Re gular r Progra Programs 6% 6% Spe Special Educatio ducation At Athl hletics ics & & Ex Extra ra-C -Curr rricular lar Ac Activitie ivities At Attendanc ndance, He Health & & Guida Guidance nce Medi dia S Servi rvice/L /Library ibrary Instruc ructio ional St nal Staff Tr ff Train ining Sv ng Svcs Adm Admin inist istra ration on Ope pera rations & M ons & Mainte ntenance nance Transport Tr portatio ion Operati tion ons & Maint ntenanc nce Emplo Em ployee Be Benefi fits 9% 9% Capi pital O l Outlay lay Spe Special Revenue ue Fund Fund Special ial Debt bt Serv Service ice Admini inistr tration ation Educ ucation tion 7% 7% 15% 15% Athlet letics & Extr tra- Curricu icular lar Activ ivities ities Instr truc uction tional Staff 4% 4% Media dia Trainin ining g Svcs Attenda ndanc nce, Health lth & Service ice/Li Libr brary 1% 1% Guidan idance 1% 1% 3% 3%
REV EVENUES ENUES AN AND D TAX X IN INFORM FORMATION TION
DETAILED REVENUE BREAKDOWN Ove verall ll Budget spendin ing is: 2019 2019-2020 2020 2020-2021 $ Change % Change Budget Propose sed Budget Tax Levy $ 37,349,282 $ 38,096,268 $ 746,986 2.00% Tuition $ 149,964 $ 80,000 $ (69,964) -46.65% Miscellaneous Revenue $ 375,000 $ 445,000 $ 70,000 18.67% State Aid $ 1,553,271 $ 1,795,072 $ 241,801 15.57% Budgeted Fund Balance $ 753,036 $ 771,532 $ 18,496 2.46% Capital Reserve $ 1,281,378 $ 250,000 $ (1,031,378) -80.49% Maintenance Reserve $ 127,000 $ 0 $ (127,000) -100.00% Encumbrances $ 519,490 $ 0 $ (519,490) -100.00% Grant Money (Local Sources) $ 16,195 $ 0 $ (16,195) -100.00% NCLB Grant $ 100,508 $ 33,000 $ (67,508) -67.17% IDEA Grant $ 308,676 $ 230,000 $ (78,676) -25.49% Debt Service $ 2,116,900 $ 2,050,313 $ (66,587) -3.15% TOTAL AL: $ 44,650,700 $ 43,751,185 $ (899,5 ,515) -2.01%
Tax x Levy vy- 87% 87% Tax Le Ta x Levy- 8 - 87% Tui Tuition- on- 0.2% Misc iscell llaneous R us Revenue- 1 nue- 1% St State Ai Aid- 4. d- 4.1% Fund Fund Ba Balanc lance- - 1.8% Tuit itio ion- 0.2% Capi pital Re l Reserve- rve- 0.6% Spe Special Revenue- ue- 0.6% Misc scella llaneous s Reve venue- 1% 1% Debt bt Serv Service ice- - 4.7% State Aid- 4.1% Fund Bala lance- Capit ital Debt Servic ice- Specia ial l 1.8% 8% Rese serve ve- 0.6 .6% 4.7% 7% Revenue- 0.6 .6% WHERE WH RE DO O OU OUR REVENUES VENUES COM OME E FR FROM OM?
BUDGET GET TOTAL AL TAX BUDGET GET TOTAL AL TAX 2020 2020 LEVY 2021 2021 LEVY 2020 2020 2021 2021 TOTAL AL $40,294,812 $37,349,282 $41,437,872 $38,096,268 GENER NERAL AL FUND TOTAL AL SPECIA ECIAL L $263,000 $0 $263,000 $0 REVENUE ENUE FUND TOTAL AL DEBT $2,116,900 $2,000,300 $2,050,313 $1,932,160 SERVICE ICE FUND TOTALS: S: $42,67 ,674,7 4,712 $39,349,58 ,349,582 $43,751,18 ,751,185 $40,028,42 ,028,428 BUDGET COMPARISON 2019-20 VS. 2020-21
Expenditures Revenues Tax Levy $43,751,185 $3,722,757 $40,028,428 Balancing District Needs with Local Funding
TAX IMPACT REGIONAL SENDING DISTRICTS’ TAX IMPACTS MAY VARY YEARLY DUE TO E NROLLMENT AND EQUALIZED VALUATION OF OUR MUNICIPALITIES IN COMPARISON Muni nicipa pality 2019-20 20 2020-21 21 % Share 2020-21 21 Average 2019-2020 2020-2021 Average Increase/ / % share % share Chang nge Tax x Rate Assessed Prope operty Prope operty Increase/ (Decrease) (per $100) Hom ome Tax x for Tax x for (Decrease) Per r Mont nth WERSD SD WERSD SD Essex Fells 8.2192181 8.1982513 (0.0209668) .4013 $1,001,801 $4,009.50 $3,995.88 $(13.62) $(1.14) Fairfield 44.6001298 44.8938378 0.293708 .6890 $528,962 $3,048.78 $2,970.42 $(78.36) $(6.53) N. Caldwell 23.1292347 23.2235160 0.0942813 .5741 $687,100 $3,841.97 $3,895.85 $53.88 $4.49 Roseland 24.0514174 23.6843949 (0.3670225) .5666 $466,907 $2,460.06 $2,482.37 $22.31 $1.86 **This slide is for informational purposes only. Amounts are estimated and are subject to change. *Information as of March 2020.
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