maywood board of education public hearing 2013 2014
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Maywood Board Of Education Public Hearing 2013-2014 School Budget MAYWOOD SCHOOLS Your Children Your School Your Community Mission Statement To provide students with a challenging learning environment by preparing them to be


  1. Maywood Board Of Education Public Hearing 2013-2014 School Budget

  2. MAYWOOD SCHOOLS Your Children Your School Your Community

  3. Mission Statement “To provide students with a challenging learning environment by preparing them to be responsible, successful, ethical members of society through an environment that fosters the unique potential of each child and nurtures a respect and appreciation for the individuality of all students. ”

  4. 2012-2013 Accomplishments • Finalized agreement with Hackensack Provides a degree of financial stability and predictability Improved communication – greater input over out of district placements Curriculum based collaboration with HHS • Restored full day Kindergarten • Deemed a ‘high performing’ district, once again by QSAC • Welcomed 27 students from S. Bergen Jointure in aftermath of Sandy • Upgraded technology infrastructure • Completed energy audit for district • Adopted new teacher evaluation model • Continued beautification of school grounds

  5. Budget Objectives – 2013-2014 . • To help relieve the tax payer’s burden - lowered debt levy. • To maintain existing programs and services. • To optimize our technology platform. • To maintain existing staffing levels. • To support Professional Development. • To be early adopter of new evaluation mandate. • To explore revenue generating opportunities. • To maintain a safe & healthy learning environment. • To obtain cost efficiencies where ever possible.

  6. The Rock and the Hard Place • 2013-2014 revenues are increasing 1.9%. ( BUT revenues would have increased 0% were it not for the use of higher fund balance.) Tax levy = 87% of GF Revenues > subject to 2% cap limit State Aid ~ 6.5% of GF Revenues > 0% Fund balance ~ 6.5% of GF Revenues > 40% (will run out) • Expenditures such as health premiums, tuition and special education are expected to increase significantly more than 2% on a secular basis.

  7. Budget Highlights (2013-2014)

  8. 2013-2014 Budget Highlights • Tax Levy increase of 2% • Debt levy cut 7% due to refinancing of debt • Combined levy increase = 1.5% vs. 1.7% increase in 2012-2013 (while enrollment continues to increase) • New technology infrastructure to enhance programmatic options

  9. 2012-2013 Budgeted Revenue 2012-2013A 2013-2014E % % of Chg Total Fund Balance $ 847,069 $ 1,182,017 40% 6.2% GF Tax Levy $15,415,114 $15,723,416 2% 82% Other local* $ 231,700 $ 48,000 (79%) 0.3% State Aid $ 1,288,660 $ 1,171,991 (9%) 6% Operating Revenue $17,782,543 $18,125,424 1.9% 94.5% Federal Grants (20) $ 301,499 $ 301,499 0% 1.5% Debt Levy $ 810,440 $ 753,943 (7%) 4% T. Budgeted Revenue $18,894,482 $19,180,866 1.5% 100% * Includes tuition, interest, miscellaneous

  10. 2013-2014 Budgeted Revenue

  11. 2013-2014 Budgeted Expenditures 2012-2013A 2013-2014E % Chg % of Total Tuition $ 6,463,959 $6,529,988 1% 36% Regular Instruction $ 4,017,285 $4,015,730 0% 22.2% Total Benefits $ 1,832,029 $1,874,643 2.3% 10.3% Special Ed / CST $ 1,782,289 $1,861,683 4.5% 10.3% Admin / Business Office $ 938,452 $ 928,185 (1%) 5.1% Facilities $ 970,283 $1,021,932 5.3% 5.6% Transportation $ 615,145 $ 615,000 (0%) 3.4% Other * $ 1,113,451 $1,201,706 7.9% 6.6% Capital outlay (12) $ 49,650 $ 76,557 54% 0.3% T. GF Expenditures $ 17,782,543 $18,125,424 1.9% 100.0% * Supplies, athletics, health services, basic skills, professional development, library, IT, bilingual

  12. 2013-2014 Budgeted Expenditures

  13. Technology Access to the best technology is a game changer for our students and our staff We believe an investment in technology will: ◊ better prepare our students for the future ◊ offer the potential to reduce operating costs ◊ provide 24/7 access to students ◊ offer enriched programmatic options ◊ prepare district for testing requirements

  14. Shared Services South Bergen Jointure Commission – Transportation and Tuition Services ACT – NJASBO Cooperative Bid for telephone services ACES – NJASBO Cooperative Bid for energy (electric and gas) Ed-Data – Cooperative Bid for teaching supplies, custodial supplies, maintenance supplies, office supplies, computer supplies, hourly trades, etc. Montclair State University – professional development Hackensack High School – professional development Bergen County Special Services and Technical Schools – regular and special ed programs SOBER – worker’s compensation pool of board of educations. Middlesex Regional Educational Services Commission Region IV – Special Education programs

  15. Why does this happen every year? • Tax Levy is capped and Revenues are increasing ONLY 0%-2% per year • Costs are NOT capped and are increasing (on secular basis) >4% per year • Therefore, every year for the past four years, the Board and Administration has been forced to use Fund Balance to support the budget. • However the use of Fund Balance to support revenues is a short term solution as there is less Fund Balance to use every year. We’re dipping into our savings account. • The Board and Administration has been very effective at reducing costs and improving efficiencies. • However, every year it gets more difficult to find the financial resources we would like to provide the kind of instructional program you would like.

  16. How School Taxes are Calculated Est. x Est. Ratables General Fund Levy (capped) = Tax Rate % Chg Debt Levy (fixed) 2012-13 $ 15,415,114 $ 1,145,553,594 $1.4164 25.2%* $ 810,440 2013-14 $ 15,723,416 $ 1,139,354,800 $1.4462 2.1% $ 753,943 • The large increase in school taxes in 2012-2013 was largely attributed to lower property assessments.

  17. School Tax 2.1% increase yr / yr 2012 2013 Increase 2012 2013 Increase (Decrease) (Decrease) Home $350,000 $350,000 $450,000 $450,000 Assessment $ 4,957 $ 5,062 $104.32 $ 6,374 $ 6,508 $134.13 Annual $ 413.11 $ 421.81 $8.69 $ 531.15 $ 542.33 $11.18 Monthly The average home value in Maywood (2013) is $316,716 vs $346,950 in 2012

  18. The Single Most Important Thing A Community Does Is To Educate Its Children

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