Robbinsville Schools 2020-2021 Budget Adoption April 27, 2020 1 - PowerPoint PPT Presentation

Robbinsville Schools 2020-2021 Budget Adoption April 27, 2020 1

Our Mission The Robbinsville Community commits to ensure that all students are Robbinsville Ready: Resilient and Self-Directed Scholars, Effective Communicators, Informed and Involved Citizens, Collaborative Team Players, Emotionally Intelligent Learners, and Innovative Thinkers. Our Vision promises to provide equitable access and opportunities for all students to flourish in a safe and inclusive environment. 2

Robbinsville Schools Overarching Goals Strategic Goal #1: Educational Opportunities : Prepare all students to possess knowledge and skills necessary to be R’ville Ready. Strategic Goal #2: Social / Emotional Well-being: Strengthen students’ social-emotional health and empower them to be their best selves. Strategic Goal #3: Managing the Tax Burden: Strike a balance between school district needs and the needs of the community. 3

Understanding the Tax Impact of a School Budget 2020-2021 General Fund Budget: $48,719,590, Comprises all areas of spending (payroll, benefits, programs, supplies and equipment, etc.) except facility projects Subject to Board approval Mandated tax levy cap on annual increase 2020-2021 Debt Service Budget: $5,514,814 Voter approved for past facility projects (RHS, SES, and Pond additions) 4

Tax Impact 101 General Fund Obligation + Annual Debt Service Obligation School Tax Increase for Residents The Board of Education manages the increase to the General Fund. 5

How This Budget Was Developed Revenues = Expenditures How Expenditures Are Determined: ● Department managers/Principals determine needs for supplies and purchased services. Central costs are controlled by the Business Office - salaries, employee benefits, tuition, transportation Proposed General Fund Revenues: Source Dollar Amount % of Budget Tax Levy $38,415,000 79% Other Local (Fund Balance & Misc.) $ 2,299,277 5% State Aid $ 8,005,313 16% 6

Current Sources of Alternate Revenue • Shared Services with the Township • Facilities Rentals • Student Activities Fees • Robbinsville Extended Day (R.E.D.) • SPROUTS (tuition preschool program) • Energy Initiatives (SRECS/Demand Response) • Transportation Jointures 7

Expenses as Percentage of Total Budget * Excludes Salaries 8

What’s Included in the Proposed Budget? • Maintain current programs, co/extra curricular offerings • Add additional program opportunities for students • 3 New Positions (an increase of one FTE) • BCBA (Board Certified Behavioral Specialist, Social Worker, Academic Support) • Increase Math Supervisor from 10.5 months to 12 month STEM Supervisor • Additional financing for SRO’s 9

Total per Pupil Spending (2019 Taxpayers Guide to Education Spending) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10

Revenues 2018-19 2019-2020 2020-2021 Variance General Fund Property Tax 37,959,184 37,959,184 38,415,000 455,816 Budgeted Fund Balance 1,388,277 1,178,277 1,182,413 4,136 Tuition - Other LEAs 28,000 28,000 28,000 0 Tuition - Kindergarten/SPROWTS 56,000 56,000 56,000 0 Transportation Jointures 30,000 30,000 30,000 0 Miscellaneous 359,000 244,000 244,000 0 Interest - Capital & Maintenance Reserve 500 500 500 0 State Aid 6,809,534 7,341,597 7,807,969 466,372 SEMI 0 0 18,208 18,208 Extraordinary Aid 200,000 300,000 300,000 0 Withdrawal -Maintenance Reserve 0 0 637,500 637,500 Total General Fund Budget 46,830,495 47,137,558 48,082,090 1,582,032 General Fund Revenue Projections 11

Debt Service Projections Debt Service 2018-2019 2019-2020 2020-2021 Variance Property Tax 5,378,721 5,401,619 5,410,553 8,934 Debt Service Aid 103,456 103,932 104,261 329 Withdrawal from Debt Service Reserve 2,562 0 Total 5,484,739 5,505,551 5,514,814 9,263 12

Property Tax Impact Tax Impact 2018-2019 2019-2020 2020-2021 Variance Property Tax Levy General Fund 37,346,184 37,959,184 38,415,000 455,916 Debt Service Fund 5,378,721 5,401,619 5,410,553 8,934 Total Levy 42,724,905 43,360,308 43,825,553 464,850 13

Tax Impact General Fund Tax Levy (increase 1.2%) Avg. Assessed Home $ 375,000.00 School Tax $ 6,252.00 Increase per Year $ 0.00 14

Questions? 15