Mansfield Township School District 2015-2016 Proposed Budget - PowerPoint PPT Presentation

Mansfield Township School District 2015-2016 Proposed Budget

Description of funds • Fund 10 – Current Expense – This is the annual operating budget for the school district. Supported by local taxes, State aid, and other miscellaneous local revenues. • Fund 20 – Special Projects – These are expenditures based upon Federal, State and local grants. No local taxes are included here. • Fund 30 – Capital Projects – These are costs associated with Bond Referendum projects or projects receiving a grant through the NJ Schools Development Authority. • Fund 40 – Debt Services – These are the costs of the district’s “mortgages”. Voters approved these expenditures and tax levies when they approved the bond referendums.

Revenues Tax Levy 9,416,511 9,604,841 188,330 Tuition Income 166,941 41,162 -125,779 Misc. Income - Interest SREC's 66,730 6,000 -60,730 Rents Summit / YALE (estimate) 96,592 96,592 - Rental Income 21,926 125,000 103,074 Total Local Source Revenue 9,672,108 9,722,015 201,487 State Aid Special Education 384,623 384,623 0 Equalization 61,810 61,810 0 Security 50,390 50,390 0 Transportation 96,284 96,284 0 Extraordinatory 0 0 0 Prior Year Adjust (rollover PO's) 27,517 Appropriated Surplus Balance 589,982 542,460 -47,522 Other 13,662 13,662 0 Total State Aid 1,224,268 10,871,244 -47,522 Year-End Rollover Adj. 0 Grand Total - Fund 10 10,896,376 10,871,243 -25,133

Revenues (Continued) Source of Revenue 2013-2014 2014-2015 $ Inc/(Dec) % Inc/(Dec) Fund 20 - Special Projects Local Sources (Tax Levy) 0 0 0 Federal NCLB Aid 20,698 20,698 0 0.00% Federal IDEIA Aid 132,555 132,555 0 0.00% Fund 40 - Debt Service Local Sources Surplus Appropriated 0 0 0 100.00% Local Tax Levy 1,037,971 1,057,895 19,924 1.92% State Aid 31,887 31,342 -545 -1.71% Total 2015-2016 Budget 12,128,110 12,113,733 -14,377

Classrooms • Eliminate a 3 rd Grade Class (due to reduced enrollment) • Add a Self-Contained Inclusion Class at JHES • Maintain Class Sizes

Technology Enhancements • Chromebooks- 3 Classroom Sets • Upgrade Camera Server and Wiring • Continue Computer /Projector Replacement Project • Continue to upgrade Wi-Fi Access points

Curriculum & Instruction • Director of Curriculum One Additional Day • Professional Development • Summer Curriculum Writing

General Fund Expenditures Salaries $5,923,835.35 Communications $45,250.00 Charter School $71,403.00 Superintendent office Expense $63,900.00 JHES & MTES Principal office Out of District Tuition $357,836.50 Expense $7,550.00 Nurse's office Supplies Materials Etc. $13,000.00 Business office Expense $36,847.00 Technical Services $132,072.53 Maintenance $238,450.00 Special Education $391,264.07 Utilities $296,460.00 Library $29,200.00 Transportation $620,195.54 Professional $482,442.93 Development $10,000.00 FICA Audit $18,250.00 Health Insurance $1,560,406.59 $45,000 Legal Student Supplies/Testing Materials $411,637.95 $6,968,736.94 $3,786,265.01 Total General Fund $10,755,001.46

Special Revenue IDEA Preschool (not included in the budget) $10,691.00 IDEA Basic $132,555.00 NCLB $20,698.00 Total Special Revenue $163,944.00

DEBT Service Bond Interest $339,237.50 Bond Principal $750,000.00 Total Debt Service $1,089,237.50

Tax Impact Fund 10 Current Expense 2014 2015 Inc. $ Inc. % Tax Levy 9,416,511 9,604,841 188,330 2% Rateables 951,375,910 953,750,426 2,374,516 0% Tax Rate (Per $100) 0.989780 1.007100 0 2% Avg. Property Rateable 240,000 240,000 - 0% Avg. Tax 2,375 2,422 66 3% Fund 40 Debt Service Tax Levy 1,037,971 1,057,895 19,924 2% Rateables 951,375,910 953,750,426 2,374,516 0% Tax Rate (Per $100) 0.109100 1.110900 1 918% Avg. Property Rateable 240,000 240,490 490 0% Avg. Tax 262 267 5 0%

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