Fiscal Year 2021 Preliminary Budget March 19, 2020
Fiscal Year 2021 Budget Planning Process Superintendent and Business Administrator meetings with each administrator January 6- February 4, 2020 Finance and Facilities Committee meetings with each administrator February 18, 20, March 5, March 10, 2020 Board Discussion March 19, April 20, May 4, 2020
Proposed Expenditures 2020-2021 Snapshot Change from 2020-2021 2019-2020 School Supplies, Extracurricular Activities $478,251 $44,486 District Operations Including Overdue Capital $5,962,617 -$164,508 Improvements District Curriculum, Instruction and $87,216 $6,953 Professional Development Salaries $17,516,802 $117,328 Benefits $5,879,170 -$965,020 Special Education Salary $5,067,060 $279,148 Special Education Out-of-District Placement $4,675,780 $786,328 (Including Transportation) Special Education In-District Costs $1,128,058 $412,534
Proposed Expenditure 2020-2021 Special Education Out of District Change Breakdown 2016-2017 2017-2018 2017-2018 2018-2019 2019-2020 2020-2021 Increase/ Item Actual Budget Actual Budget Budget Budget Descrease Special Education $2,028,776 $2,352,675 $2,414,478 $2,594,044 $2,692,437 $3,362,532 $670,095 Out-Of-District Tuition Special Education $1,197,015 $1,313,248 $116,233 $667,667 $877,292 $1,103,195 $1,080,379 Out-Of-District Transportation
Proposed Expenditure 2020-2021 Salary Change Breakdown 2020-2021 Reason Salary increases $117,328 Contractual obligations Additional special education- Staff increases $92,238 related support
Revenue 2020-2021 Snapshot Change from 2020-2021 2019-2020 State Aid $4,278,766 $109,850 Funds Anticipated for Transfer from FY 2018-2019 to $1,000,000 None FY 2019-2020 Transfer From Capital Reserves $515,850 -$1,950 Extraordinary Aid $300,000 None Taxes $30,356,104 $563,368
Financial Impact on Highland Park Residents Over Time School Year 2016-2017 2017-2018* 2018-2019 2019-2020 2020-2021 Total Expenditures $34,331,346 $34,883,247 $30,153,263 $31,196,544 $32,868,954 General Fund Tax Levy 3.91% 3.70% 4.03% 2.92% 2.00% General Fund 4.33% Tax Levy With 3.73% 2.32% (3.32% average 2.73% 1.89% Debt Service over 2 years)* $252 Increase for $177 $71 ($161 average $123 $7 Average Home over 2 years)* *2017-2018 savings were due to debt refinancing
Budget Information on the Web Monday, March 20, 2020 1. www.hpschools.net 2. Board of Education drop-down menu 3. Budget 2020-2021 Information
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