Salem City Board of Education Budget 2019-2020 School Year Public - PowerPoint PPT Presentation

Salem City Board of Education Budget 2019-2020 School Year Public Hearing May 1, 2019

Budget Development • October-November Teachers discuss needs with building Principals • Early to Mid-December Teachers submit requests for funds and programs to the Principals • January-February Superintendent reviews district needs and budget priorities with Central Staff and Principals

Budget Development • February 2019 Preliminary budgets are submitted to the Superintendent/Business Administrator • March 5, 2019 Governor Murphy’s address on status of the state budget and state aid • March 7, 2019 State Aid figures released • March 13, 2019 & April 10, 2019 Meetings with the Finance Committee to discuss budget details

Budget Development • March 13, 2019 Board of Education mandated adoption of the tax levy for budget submission to the County Office • March 20, 2019 Preliminary budget submission to County Office for review • May 1, 2019 Public Hearing

Summary of State Aid 2018-2019 2019-2020 Inc/(Decr) School Choice Aid 9,164 22,496 13,332 Categorical Spec Educ Aid 723,650 723,650 0 Equalization Aid 13,075,991 13,376,688 300,697 Categorical Security Aid 425,317 425,317 0 Adjustment Aid 2,162,927 2,162,927 0 Categorical Transportation Aid 281,682 281,682 0 Preschool Education Aid 2, 216,720 2,239,315 22,595 PARCC Readiness Aid 0 0 0 Per Pupil Growth Aid 0 0 0 Professional Learning Community Aid 0 0 0 Additional Adjustment Aid 0 0 0 Debt Service Aid 201,122 197,977 (3,145) Total State Aid 19,096,573 19,430,052 333,479

2019-2020 Allocated Aid/Revenues Ta Tax Levy 2, 2,440, 440,167. 67.00 00 9. 9.48% 48% State Aid (K-12 St 12) 16 16,992,760.00 66. 66.02% 02% Tu Tuition 1, 1,666,000.00 6. 6.47% 47% Fe Federal Programs TBD 1, 1,412 12,259.00 5. 5.49% 49% St State Grants s (PreK K & Sc School-Ba Base) e) 2, 2,548, 548,754. 754.00 00 9. 9.90% 90% Fu Fund Balance* 278, 278,112. 2.00 00 1. 1.08% De Debt Service - Ta Taxes 10 103,967.00 0. 0.40% 40% De Debt Service Aid 19 197,977.00 0. 0.77% 77% Mis Miscellaneous 98, 98,789. 789.00 00 0. 0.39% 39% To Total 25, 25,738, 738,785. 785.00 00 10 100% *R *Revised fr from March pr preliminary re resolu lution/audit numbers rs (Re Reconciled d Purchase Ord rders rs)

2019-2020 Anticipated Revenues Debt Service-Taxes Debt Service 0.40% Aid 0.77% Fund Balance Federal 1.08% Programs Miscellaneous 5.49% 0.39% Tuition Miscellaneous 6.47% Debt Service-Taxes Tax Levy Debt Service Aid 9.48% Fund Balance Federal Programs Tuition State Aid (K-12) Tax Levy 66.02% State Grants (PreK & School-Based) State Aid (K-12) State Grants (PreK & School- Based) 9.90%

Percentage of Salary & Benefits to Total Budget Salaries & Benefits 33.1% Other Costs 66.9%

There is a mandated 2% increase in school taxes.

ANALYSIS OF Local School TAXES School Tax Rate 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 Local Tax Levy 2,392,321 2,392,321 2,392,321 2,393,321 2,440,167* Debt Service 113,747 111,421 106,821 105,620 103,967 *Required by legislation.

Budget Factors I. Salary Increases (+$373,125) II. Health Benefits Increase (+$175,373) III. Emergency Funds ($147,091)

School Budgets • JFA[PreK/K-2] $2,239,315/ $2,612,436=$4,851,751 (-$333,479) • SMS[3-8] $4,449,433 (+$42,762) • SHS[9-12] $5,815,813 (-$63,406) • SE [Out-of-District/ Tuition and Extended School Year only ] $2,377,160 (-$150,327) q Transportation of OOD students $608,755= Total OOD Cost $2,985,915 v Capital Reserve (Long Range Facilities Plan) $319,888 v To help cover cost of Track and Field & Various Capital projects…Ex’s: q JFA • Replace boilers – Only one functional boiler Replace HVAC • SMS q • Replace elevator- goes down every power failure • Replace HVAC q SHS • Repair water treatment equipment Replace HVAC •

Highlights Of Note: q Capital Reserve for Track and Field (LRFP) q One Media Specialist position cut. (-$80,293) q One Guidance Counselor position cut. (-$99,194) q Media Specialist and World Language position are budgeted to be shared between SMS and JFA. q One-on-One Aides are part of the CST budget, not schools (connected to individual IEP’s). Preservation of Staff and Programs: q Continued Professional Development funded through federal monies: ESSA, Title I & II 21 st Century Partnership for Science Technology (STEM) Summer School After School Programming Reading Specialist (K-2)