PUBLIC HEARING General Fund $36,996,346 Special Revenue Fund - PowerPoint PPT Presentation

2018/2019 BUDGET PUBLIC HEARING General Fund $36,996,346 Special Revenue Fund (Grants) 614,150 Debt Service Fund (Bonds) 2,853,459 $40,463,955 Total 1

BUDGET GOALS 2

CLEARVIEW REGIONAL 2018-2019 GENERAL FUND REVENUE $36,996,346 State Aid 41% Tuition Federal 2% 0% Reserves 0% Miscellaneous Fund Balance 1% 4% Tax Levy 52% Fund Balance Tax Levy Miscellaneous State Aid Tuition Federal Reserves 3

2018/19 REVENUE COMPARISON 2017/2018 2018/2019 Fund Balance $ 1,284,416 $ 1,566,536 Reserves 1,381,771 98,218 Tax Levy 18,521,388 19,230,312 Miscellaneous 131,000 308,000 Tuition 502,000 530,000 Extraordinary Aid 220,000 220,000 Federal Aid 39,260 43,186 State Aid 15,000,094 15,000,094 * Total $37,079,929 $36,996,346 * Could be reduced 4

STUDENT ENROLLMENT 10/15/00 1,821.0 10/15/09 2,499.0 48 10/15/10 2,564.0 65 10/15/11 2,540.0 (24) 10/15/12 2,488.5 (51.5) 10/15/13 2,516.0 27.5 10/15/14 2,489.5 (26.5) 10/15/15 2,437.5 (52) 10/15/16 2,371.5 (66) 10/15/17 2,321.5 (50) 40.8% Increase in Enrollment 2000  2010 + 743 Decrease in Enrollment Since Oct. 2010 = (242.5) students 5

SCHOOL FUNDING REFORM ACT OF 2008  DOE ran formula using 2008/09 information  Funding held harmless back to 2008/09  Clearview total increase in state aid $0 as of today  News coverage indicates that the DOE could modernize the formula and cut State aid to overfunded districts in June  The article said that Clearview is overfunded by $824,053  Clearview is still spending under the adequacy level as defined by SFRA in the amount of $1,257,328 for 18/19, meaning if funding was available Clearview would be able to spend substantially more  Tax levy still capped at 2% increase 6

ALLOCATION OF GENERAL FUND APPROPRIATIONS 73% $26,869,510 Salaries & Benefits Special Education* 2,748,632 7% Buildings & Grounds* 1,369,750 4% Utilities 990,000 3% Transportation* 1,136,994 3% Capital Outlay 809,742 4% Other 3,071,718 10% $36,996,346 * Excludes Salaries & Benefits 7

LIMITED RESOURCES CAUSED $550,000 + IN CUTS BUDGET BALANCED BY REPRIORITIZATION OF EXPENSES  Textbooks – Now includes several 2 or 3 year financing agreements  Equipment – several items cut – budget includes musical instruments, scoreboard for lacrosse/field hockey, B&G equipment, 2 buses, fume hood for science lab  Transportation – overall decrease to dept. budget of 7.3%; Paid off leases.  Technology – Replacement devices, new firewall, lease of surveillance cameras, full-time Technology Director  Facility Improvements – intercom upgrades HS & MS, flooring replacement in a few areas, renovate bathrooms HS 100 wing for handicap accessibility, replace cooling tower (with insurance refund) 8

CHANGES IN APPROPRIATIONS  Health Insurance + $405,192  Replace Cooling Tower + $250,000  PERS Employer Share + $ 47,305  Equipment + $211,998  Supplies, Textbooks + $81,236  Other Fixed Costs – i.e. energy, architect

REPAIRS TO H.S. HVAC – 3 YEAR FOCUS  Dehumidification Strategies & Capping Existing Roof Openings & Chilled Water Pipe Insulation Replacement  21 Classrooms – 400, 600, 100  this spring  Restore the controls on outside air dampers in classrooms to assure they close when required  Repair exhaust fans and insure they are responding to the controls system and operating when needed  Remove gravity vents found to be opening directly from above ceiling spaces to the roof which are no longer needed  Implement classroom ventilation upgrades – demand ventilation control via a CO2 sensor. Replace individual classroom temperature sensors with combination temperature & humidity sensors to address room temperature and humidity.  Expand the new STEM Lab building control system to accommodate this work  Longer term projects – replace equipment at end of life, add A.C. where needed & replace insulation 10

COST SAVINGS MEASURES  Defer the purchase of certain equipment  Defer certain facilities & maintenance projects  Leasing vs. purchase when necessary  Cuts across department lines to eliminate increases  Competitively shopping for property & workers compensation insurance 11

SHARED SERVICES  Transportation Services for Mantua & Harrison Elementary Schools  Shared Bus Maintenance  ACES for electricity and gas, Ed Data for purchase of supplies  Middlesex ESC & Camden County ESC for bus purchasing, supplies and other capital projects  GCSSSD for transportation, CST services, services to nonpublic schools  Insurance purchasing consortium for workers compensation  County Purchasing Cooperative for diesel/gas & asphalt 12

PROPOSED TAX RATE Harrison Municipal Share 51.66% +.56% Net Valuation $1,530,035,240 Ratables Increased $1,327,043 Rate per Hundred = .738 Proposed General & Debt Service Funds Increase = 3.24 cents $100,000 Home Regional School Taxes $32.44 increase per year 13

PROPOSED TAX RATE Mantua Municipal Share 48.33% (.56%) Net Valuation $1,334,185,026 Ratables Increased $4,689,519 Rate per Hundred = .792 Proposed General and Debt Service Funds Increase = 1.53 cents $100,000 Home Regional School Taxes $15.33 increase per year 14