Presentation of f th the Annual Sc School Dis istrict Budget for - PowerPoint PPT Presentation

Presentation of f th the Annual Sc School Dis istrict Budget for 2017-2018 2018

Annual District Enrollment 2012/13 to 2016/17 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% Total Drop in Enrollment since 2012/13: -508 -13.4%

2017-2018 General Fund Budget Preparation Increase in Buildings and $5,500,000 Increase in Nursing Grounds Repairs (Existing Services - $16,000 $5,000,000 HVAC) - $61,500 Increase in Utilities $4,500,000 Increase in Out of - $106,500 District Special $4,000,000 Increase in Education Tuition - Retirement Sick $743,043 $3,500,000 pay Expense - $22,090 $3,000,000 Increase in ACIT Increase in PERS Payment - $2,500,000 Pension Costs - $572,296 $53,100 $2,000,000 Increase in Salaries - Increase in $1,500,000 $1,308,733 Transportation - $1,000,000 $165,000 $2,241,000 $500,000 Revenue $65,921,000 $621,000 $0 Reduction General Increase in Tax Levy Increases Fund

2017-2018 General Fund Budget Preparation $5,500,000 $5,000,000 $4,500,000 4.7 $4,000,000 $3,500,000 Million $3,000,000 in Cuts $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $65,921,000 $621,000 General $0 Fund Increase in Tax Levy Increases

Budget Challenges Underfunded State Aid id • Since 2010 the New Jersey School Funding Reform Act (SFRA) has not been fully funded • For our 2017/2018 budget we are underfunded by $2 million • Cumulatively since 2010 GEHRHSD is underfunded by $39.2 Million

Budget Challenges Atla lantic County In Instit itute of Technology • For the 2017/2018 school year we have budgeted 434 students attending ACIT • Total budgeted 2017/2018 cost including transportation and tuition adjustment is $4,068,000

Budget Challenges Sc School l Develo lopment Authorit ity (S (SDA) ) Ass ssessment • 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” • 2017/2018 budgeted assessment $611,622 • Total cumulative assessment since 2010/2011 is $3,476,465

Budget Challenges Homele less Transportatio ion • 2015/2016 Homeless Transportation Costs $94,659 • 2016/2017 Homeless Transportation Costs $177,695 • Increase of $83,036

Summary of f Budget Cuts in in Major Areas • Testing $21,761 • PSAT’s 9 th & 10 th Grade • Testing for 11 th Grade remains • Curriculum Writing, Professional Development and Virtual Courses $42,581 • Buildings and Grounds $246,400 • Supplies and Equipment • Field Maintenance • Supplies and Technology $792,034 • Academic Departments • Athletics • Printers & Supplies, Replacement of Projectors • Replacement of Network Infrastructure Components

Summary of f Budget Cuts in in Major Areas • Staffing in all three high schools and district personnel in the following areas: $3,101,139 • 14.2 Teachers and Certified Staff • 2 Administrators • 1.5 Secretaries • 2 Security • 2 Technology • 8.4 Retirements 5.88 % reduction in overall staff

Summary of f Budget Cuts in in Major Areas • Coaching Staff – one coach per level • Freshman Transition Project • After School Tutoring • Adult School • Summer School • Summer Weight Room • Summer Security • Pursuing Contracted services for Paraprofessionals

New Program School to Careers • Some Special Needs Students Have Opportunities to Serve in the Workplace. Previously, the Atlantic County Special Services District Would Provide These Services • Beginning in 2017-2018 We Will Provide These Services at a Savings of $373,929

2 Year Budget Hig ighlights • 12.5% Increase in Instruction for all Freshman • Rhetoric • Career and Educational Technology • Increased Offerings in all Schools • Art, Culinary Arts, CADD, Digital Photography, Marketing, Sports Medicine, Forensics Science, Air Force JROTC , New English Elective Program • Effective School Solutions program • Providing counseling and support for eligible students • Expanded Offerings in our Biomedical and Homeland Security Magnet Programs • A New Computer Programing Magnet

2 Year Budget Hig ighlights • New Computers, Chrome Books, and iPads through Lease Agreements. New Computer Programing Lab • 12.5% Increase in Instruction for our 10 th, 11 th and 12 th grade Basic Skills students • 12.5% Increase in Instruction for our 10 th, 11 th and 12 th grade Special Education students • Physics Equipment • Robotics Club

State Aid id Summary ry 2017-2018 2018 General Fund * Debt Service Fund # 2017/2018 State Aid $ 31,349,652 $1,342,312 2016/2017 State Aid $ 31,349,652 $1,303,940 Increase in State Aid $ $ 0 $ 38,372 Increase in State Aid % 0.00% 2.94% * excludes extraordinary aid # includes March 2015 referendum aid

Budget Summary ry 2017-2018 2018 General Fund $ 65,920,885 Special Revenue Fund $ 1,236,637 Debt Service Fund $ 5,450,097 Total $ 72,607,619

Budget Expenditure S Summary ry 2017-2018 2017 2018 Current Expense $ 64,782,213 Funds for the operation of schools such as salaries, books, materials, and the maintenance of facilities. Capital Outlay $ 611,662 Funds for equipment and SDA assessment. Charter School Tuition $ 527,010 Charter school tuition costs. Federal and State Projects $ 1,236,637 Funds to implement ESEA, IDEA and other Federally funded projects as well as State Nonpublic programs Debt Service Funds $ 5,450,097 Funds to pay principal and interest on prior bond issuances. Total Expenditures $ 72,607,619

Budget Exp xpenditure Summary ry 2017-2018

Budget Revenue S Summary ry 2017-2018 This is budget is is with ithin th the 2% 2% Tax Le Levy vy CAP Budgeted Fund Balance – Operating Budget $ 300,000 Local Sources $33,544,729 Local taxes, tuition, transportation fees, gate receipts, rental of buildings and interest on investments State Sources $31,949,652 Equalization aid, categorical special education aid, extraordinary aid, security aid, and transportation aid SEMI – Special Education Medicaid Initiative $ 126,504 Total General Fund $65,920,885

Budget Revenue S Summary ry 2017-2018 Federal and State Sources – Grants and Entitlements $ 1,236,637 Federal aid to implement ESEA/NCLB, IDEA, other special revenue and State non-public funds. Debt Service Fund Balance $ 24,129 Debt Service Local Tax Levy $ 4,083,656 Funds to pay principal and interest on prior bond issuances State Debt Service Aid $ 1,342,312 Funds to pay principal and interest on prior bond issuances Total Anticipated Revenues $ 72,607,619

Budget Revenue S Summary ry 2017-2018

Out of f Dis istri rict Tuit ition 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

2017-2018 Budget Comparison to 2016-2017 2017 Percent Category 2017-2018 2016-2017 Increase/(Decrease) Change General Fund $67,541,021 $65,920,885 ($1,620,136) (2.40%) Special Revenue $ 1,236,637 $1,454,867 ($218,230) (15%) Debt Service $ 5,450,097 $5,360,854 $89,243 1.66% Total $72,607,619 $74,356,742 ($1,749,123) (2.35%)

All llocation of f Regional Taxes Regional Equalized Regional Equalized Valuation 2017 Valuation 2016 $ 72,577,527 4.2048397% $ 78,062,778 4.2364510% Egg Harbor City Galloway Twp $ 895,167,211 51.8622608% $ 958,902,814 52.0394596% Hamilton Twp $ 608,338,350 35.2445909% $ 656,046,641 35.6035170% Mullica Twp $ 149,964,325 8.6883086% $ 149,633,369 8.1205723% Total $ 1,842,645,602 100.000000% $ 1,842,645,602 100.000000%

All llocation of f Regional Taxes Further Explanation A B C D E F (C/B+C) (A*D) (E/Total E) Elementary Regional Regional 2017/2018 Equalized Enrollment Enrollment Regional Equalized Percentage Valuation 10/14/16 10/14/16 Percentage Valuation Share Egg Harbor City $ 233,744,048 473 213 31.05% $ 72,577,527 4.2048397% Galloway Township $ 2,770,557,757 3268 1560 32.31% $ 895,167,211 51.8622608% Hamilton Township $ 2,145,057,650 2928 1159 28.36% $ 608,338,350 35.2445909% Mullica Township $ 481,426,405 641 290 31.15% $ 149,964,325 8.6883086% $ 5,630,785,860 7310 3222 $ 1,726,047,413 100.0000000%

All llocation of f Regional Taxes Equalized Valu luation • 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

Constituent Ratables 2017 2016 Increase/(Decrease) Assessed Values Assessed Values $ % Egg Harbor City $ 222,198,200 $ 223,833,300 $ (1,635,100) -0.73% Galloway Township $ 2,693,627,800 $ 2,698,246,200 $ (4,618,400) -0.17% Hamilton Township $ 2,090,743,139 $ 2,096,726,699 $ (5,983,560) -0.29% Mulica Township $ 291,878,400 $ 292,081,400 $ (203,000) -0.07%