Presen esentation tion of of the the Annual Annual Schoo School Di - PowerPoint PPT Presentation

Presen esentation tion of of the the Annual Annual Schoo School Di District rict Budg Budget fo for 2019 2019 ‐ 2020 2020

Annual District Enrollment 2012/13 to 2018/19 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% 2018/19 3166 -30 -0.9% Total Drop in Enrollment since 2012/13: -611 -16.2%

2019 ‐ 2020 General Fund Budget Preparation $2,500,000 Increase in Lease Payments $195,000 $2,000,000 Increase in Increase in Maintenance Budget School Supplies (HVAC Repairs, etc.) $250,000 $1,500,000 $300,000 Increase in Charter School Tuition $1,000,000 $130,000 Increase in $500,000 Salaries $69,487,384 $1,100,000 General $654,857 $0 Fund Increase in Tax Levy Increases

2019 ‐ 2020 General Fund Budget Preparation $2,500,000 $2,000,000 Tuition Reserve $900,000 $1,500,000 Additional State $1,000,000 Aid $434,276 $500,000 $654,857 $69,487,384 General $0 Fund Increase in Tax Levy Increases

Budg Budget et Challeng Challenges es Underfunded Underfunded St State Aid Aid • Since 2010 the New Jersey School Funding Reform Act (SFRA) has not been fully funded • For our 2019/2020 we received an increase of $434,276 • For our 2019/2020 budget we are still underfunded by $2.9 million # • Cumulatively since 2010 GEHRHSD is underfunded by $42.8 Million * • # ‐ Proposed phase ‐ in and projected SFRA k ‐ 12 formula • * ‐ From Education Law Center school funding data

Budg Budget et Challeng Challenges es Atlan lantic ic Coun County ty In Institu itute of of Technology chnology • For the 2019/2020 school year we have budgeted 447 students attending ACIT • Total budgeted 2019/2020 cost including transportation and tuition adjustment is $4,871,698

Budg Budget et Challeng Challenges es Chart Charter School School Tuition ition • For the 2019/2020 school year we have budgeted 45 students attending CharterTech • Total budgeted 2019/2020 tuition cost is $905,810 • Average tuition cost per student attending CharterTech is $20,129 • GEHRHSD 2019/2020 tuition rate is $16,500

Budg Budget et Challeng Challenges es School School Dev Developm pmen ent Authority Authority (SD (SDA) Assessm Assessment • 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” • 2019/2020 budgeted assessment $611,622 • Total cumulative assessment since 2010/2011 is $4,704,790

Budg Budget et Challeng Challenges es Homel Homeless ss Transport ansportati tion on • 2015/2016 Homeless Transportation Costs $94,659 • 2016/2017 Homeless Transportation Costs $177,695 • 2017/2018 Homeless Transportation Costs $160,749 • 2018/2019 Homeless Transportation Costs $184,143 to date

2 Ye Year Budg Budget et Highligh ghlights • HVAC Repairs and Upgrades • We have increased our facilities budget to repair HVAC equipment in all 3 schools with specific attention to Absegami and Oakcrest High Schools • Leasing of Equipment • Continued Lease Purchasing of New Computers, Chrome Books, and iPads • Budgeted the leasing of HVAC replacement in Absegami and Oakcrest High Schools • Budgeted the leasing of Facilities vehicles and 3 student transportation vehicles • High School Department Budgets • Modest increases in each schools department budgets

2 Ye Year Budg Budget et Highligh ghlights • Solar/Roof Project • Power Purchase Agreement has been executed with our vendor 127Enegy. Solar panel installation at all three schools will begin this summer as well as a new roof at Absegami High School • LED Lighting Upgrades • We will see energy savings this year with our recent LED lighting upgrades and with the above mentioned Solar project

State Ai St Aid Sum Summar ary 2019 2019 ‐ 2020 2020 General Fund * Debt Service Fund # 2019/2020 State Aid $ 32,571,829 $1,378,999 2018/2019 State Aid $ 32,137,553 $1,384,135 Increase in State Aid $ $ 434,276 $ (5,136) Increase in State Aid % 1.35% (.37%) * excludes extraordinary aid # includes March 2015 referendum aid

Budg Budget et Sum Summar ary 2019 2019 ‐ 2020 2020 General Fund $ 69,487,384 Special Revenue Fund $ 1,316,282 Debt Service Fund $ 5,371,991 Total $ 76,175,657

Budget Budg et Expenditur Expenditure Sum Summar ary 2019 ‐ 2020 2019 2020 Current Expense $ 67,969,912 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 $ 905,810 Charter school tuition costs. Federal and State Projects $ 1,316,282 Funds to implement ESEA, IDEA and other Federally funded projects as well as State Nonpublic programs Debt Service Funds $ 5,371,991 Funds to pay principal and interest on prior bond issuances. Total Expenditures $ 76,175,657

Budg Budget Expenditur Expenditure Summa mmary 2019 2019 ‐ 2020 2020

Budg Budget Re Revenue Summa mmary 2019 2019 ‐ 2020 2020 Budgeted Fund Balance – Operating Budget $ 300,000 Withdrawal from Tuition Reserve $ 900,000 Local Sources $35,005,394 Local taxes, tuition, transportation fees, gate receipts, rental of buildings and interest on investments State Sources $33,221,829 Equalization aid, categorical special education aid, extraordinary aid, security aid, and transportation aid SEMI – Special Education Medicaid Initiative $ 60,161 Total General Fund $69,487,384

Budg Budget Re Revenue Summa mmary 2019 2019 ‐ 2020 2020 Federal and State Sources – Grants and Entitlements $ 1,316,282 Federal aid to implement ESEA/NCLB, IDEA, other special revenue and State non-public funds. Debt Service Fund Balance $ 23 Debt Service Local Tax Levy $ 3,992,969 Funds to pay principal and interest on prior bond issuances State Debt Service Aid $ 1,378,999 Funds to pay principal and interest on prior bond issuances Total Anticipated Revenues $ 76,175,657

Budg Budget Re Revenue Summa mmary 2019 2019 ‐ 2020 2020

Out Out of of Di Distri rict ct Tu Tuition Tr 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

2019 2019 ‐ 2020 2020 Budg Budget Com Comparison arison to to 2018 2018 ‐ 2019 2019 Percent Category 2019 ‐ 2020 2018 ‐ 2019 Increase/(Decrease) Change General Fund $67,934,571 $69,487,384 $1,552,813 2.29 Special Revenue $1,316,292 $1,548,567 ($232,285) (15%) Debt Service $5,371,991 $5,398,097 ($26,106) (0.48%) Total $76,175,657 $74,881,235 $1,294,422 1.73%

Allo Allocatio tion of of Re Regional Ta Taxes Regional Equalized Regional Equalized Valuation 2019 Valuation 2018 $ 66,782,100 3.8584270% $ 69,392,769 4.1041335% Egg Harbor City Galloway Twp $ 827,592,155 47.8152669% $ 864,118,440 51.1070171% Hamilton Twp $ 688,403,383 39.7734455% $ 619,490,936 36.6388824% $ 148,033,896 8.5528606% $ 137,799,801 8.1499670% Mullica Twp Total $ 1,730,811,534 100.000000% $ 1,690,801,946 100.000000%

Allo Allocatio tion of of Re Regional Ta Taxes Further Further Explana Explanation ion A B C D E F (C/B+C) (A*D) (E/Total E) Elementary Regional Regional 2019/2020 Equalized Enrollment Enrollment Regional Equalized Percentage Valuation 10/15/18 10/15/18 Percentage Valuation Share Egg Harbor City $ 215,565,203 519 233 30.98% $ 66,782,100 3.8584270% Galloway Township $ 2,726,827,530 3265 1422.5 30.35% $ 827,592,155 47.8152669% Hamilton Township $ 2,309,303,531 2806 1192 29.81% $ 688,403,383 39.7734455% Mullica Township $ 472,498,869 607 277 31.33% $ 148,033,896 8.5528606% $ 5,724,195,133 7197 3124.5 $ 1,730,811,534 100.0000000%

Allo Allocatio tion of of Re Regional Ta Taxes Equaliz qualized Va Valuation • 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

Cons Constituen tituent Ra Ratables bles 2019 2018 Increase/(Decrease) Assessed Values Assessed Values $ % Egg Harbor City $ 198,723,500 $ 197,867,300 $ 856,200 0.43% Galloway Township $ 2,713,819,800 $ 2,695,366,700 $ 18,453,100 0.68% Hamilton Township $ 2,041,610,335 $ 2,094,348,637 $ (52,738,302) (2.52%) Mulica Township $ 455,792,500 $ 292,476,800 $ 63,315,700 55.84%