Shamong Township School District
Shamong Township School District 2018/2019 Proposed Budget
Budget Timelines •
October 2017 – Preliminary budget created including known percentage increases
•
November 2017 – Budget discussion with Superintendent, Principals, Directors
•
December 2017 – Discussion with BOE regarding 2018/2019 school year
•
January 2018 – Budget information should be completed in Systems3000 for Business Administrator and Superintendent review. Review budget requests with Directors and Principals
•
February 2018 - Budget update presented at Board of Education Regular Meeting
•
March 2018 – Overview of preliminary budget presented to Board of Education
•
March 15, 2018 - State Aid notices received
•
March 20, 2018 – Preliminary budget approved by the Board of Education, due to County in 24 hours
•
April 12, 2018 – County office approval granted to advertise budget
•
April 24, 2018 – Public hearing/Budget adoption
What is a School Budget? •
A Budget Is: A Planning Tool that Reflects What We Value
•
A Budget Is: Fiscally Responsible to Those We Serve
•
A Budget Is: A Planning Tool that… o Considers Contingencies and Manages Risk
What Do We Value? For Students and Staff •
Providing academic opportunities for all students
•
Providing extra and co-curricular opportunities for all students
•
Developing the whole child with socio-emotional supports
•
Supporting and developing staff for excellence
For the District •
Long-term planning for academics
•
Long-term planning for staff
•
Long-term planning to address maintenance projects
•
Better, more consistent messaging to all
Academic Accomplishments •
Designated by the State of New Jersey as a High Performing School District
•
Offer Algebra I & Spanish I High School courses
•
PLTW program above average acceptance rate at Seneca
•
PARCC math & reading scores above average compared to Peer Group and State
•
PARCC 100% Algebra I passing score
•
NJASK science scores exceed advanced proficient compared to State Averages
•
12 Athletic Offerings & Over 20 extra-curricular clubs and activities
Areas of Focus New Jersey's Future Ready Schools Initiative Communication: New Website Updated notification procedures Community outreach
Future Ready Schools - New Jersey, a coalition of NJIT, the NJSBA, and the NJDOE, is a certification program designed to support the organization of schools' and districts' efforts through the national Future Ready Framework to best prepare their students for success in the digital age, while fostering and enabling collaboration both within and between schools and districts throughout the state of New Jersey, providing support, and connecting educators to potential resources.
Security & Maintenance: Partnership with State Police & Office of Homeland Security Partnership with Shamong Twp. Emergency Mgmt. Committee IMS Well Pump IMS & IMMS Concrete sidewalk & curbing repairs IMMS gym floors
Budget Constraints 17/18 Tax Levy
$9,189,252
2% Increase
$183,785
18/19 Tax Levy
$9,373,037
$183,785
Salary Increases: STEA Teachers
$198,603
STEA Custodial
$16,864
STEA Secretarial
$6,796
STPSA
$6,874
Unaffiliated
$26,267
Health Benefits
$255,404
Total:
$510,808
Shortfall:
$327,023
2018/2019 Proposed Budget Expenditures
2017/18 Budget
2018/19 Proposed Budget
Proposed vs. Original %
General Fund
$
14,634,329 $
14,554,290
Special Revenue
$
209,276 $
215,390
2.92%
Debt Service
$
861,384 $
170,834
(80.17%)
Total Appropriations
$
15,704,989 $
14,940,514
(4.87%)
Revenues
2017/18 Budget
2018/19 Proposed Budget
(0.55%)
Proposed vs. Original %
Local
$
9,189,252 $
9,373,037
2.00%
State Sources
$
4,298,120 $
4,320,989
.53%
Surplus & Misc.
$
1,178,683 $
892,797
(24.25%)
Federal Sources
$
209,276
$
215,390
2.92%
Debt Service
$
829,658
$
138,301
(83.33%)
Total Revenues
$ 15,704,989
$
14,940,514
(4.87%)
Where the money comes from…Revenues $14.9M Surplus & Misc. 6% Federal Sources 1%
State Sources 29%
Local Tax Levy 64%
Program Summary General Fund Program Description General Current Expense Regular Programs - Instruction Special Education - Instruction Basic Skills/Remedial - Instruction Co-Curricular Activities Athletic Activities Instruction - Special Education Tuition Attendance Health Services Other Support - Related Services Other Support - Extraordinary Services Guidance CST Curriculum/Improvement of Instruction Library Instruction - Staff Training Support Services - Gen. Adm Support Services - School Admin
Budget 2017-2018
Proposed 2018-2019
INC/DEC
%INC/DEC
$4,413,785 $1,116,850 $251,761 $53,144 $59,076 $389,924 $30,000 $133,542 $277,993 $20,050 $162,001 $432,814 $90,188 $296,444 $11,350 $369,124 $473,945
$4,582,952 $1,109,604 $217,090 $61,210 $59,938 $361,180 $37,500 $140,164 $267,206 $19,677 $166,698 $461,307 $115,578 $298,683 $11,350 $359,619 $488,289
$169,167 ($7,246) ($34,671) $8,066 $862 ($28,744) $7,500 $6,622 ($10,787) ($373) $4,697 $28,493 $25,390 $2,239 $0 ($9,505) $14,344
3.83% -0.65% -13.77% 15.18% 1.46% -7.37% 25.00% 4.96% -3.88% -1.86% 2.90% 6.58% 28.15% 0.76% 0.00% -2.58% 3.03%
Central Services - Admn & Info Technology Operation and Maint. Of Plant Student Transportation Services Allocated Benefits Employee Benefits
$319,838 $1,300,689 $799,161 $4,160 $2,772,054
$311,219 $1,397,660 $795,680 $10,400 $2,977,012
($8,619) $96,971 ($3,481) $6,240 $204,958
-2.69% 7.46% -0.44% 150.00% 7.39%
TOTAL GENERAL CURRENT EXPENSE Total Capital Outlay Interest on Reserves - state guidelines GENERAL FUND GRAND TOTAL
$13,777,893 $856,233 $204 $14,634,330
$14,250,016 $304,090 $184 $14,554,290
$472,123 ($552,143) ($20) ($80,040)
3.43% -64.49% -9.80% -0.55%
Where the money goes…Expenditures $14.9M Employee Benefits 20%
Operation/Maint. 10%
Transportation 5% Capital Outlay 2%
Support Services 8%
Special Education 17%
Debt Service 1% Co-Curr./Athletics 1%
Reg. Instruction 36%
Available Banked Cap $127,384 •
What is banked cap? Allows a school district to exceed the tax levy cap by using adjustments that are generated by enrollment, health care costs, deferred pension costs or for the shift in responsibility to or from another district. Year
Amount
Amount Used
Balance
Adjustment
Expires
14/15
$28,399
$0
$28,399
Health Care Cost
17/18
15/16
$0
$0
$28,399
N/A
17/18
17/18
$0
$28,399*
$0
N/A
17/18
18/19
$127,384
$0
$127,384
Health Care Cost
21/22
*Well Pit & IMMS Generator
Capital Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$100,000
$500,000
$900,000
$1,220,826
$889,271
Deposit
$400,000
$500,000
$440,826
-
-
Interest
-
-
-
$150
$150
Withdrawal
-
$100,000*
$120,000#
$331,705^
-
Ending Balance
$500,000
$400,000
$1,220,826
$889,271
$889,421
Reason
*Transfer to Debt Serv. Fund
#Transfer to Debt Serv. Fund
^Well Pit & IMMS Generator
Maintenance Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$70,000
$70,000
$70,000
$70,000
$70,014
Deposit
-
-
-
-
-
Interest
-
-
-
$14
$14
Withdrawal
-
-
-
-
-
Ending Balance
$70,000
$70,000
$70,000
$70,014
$70,028
Reason
Emergency Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$196,000
$196,000
$196,000
$196,000
$96,040
Deposit
-
-
-
-
-
Interest
-
-
-
$40
$20
Withdrawal
-
-
-
$100,000*
-
Ending Balance
$196,000
$196,000
$196,000
$96,040
$96,060
Reason
*IMMS Generator
Tax Impact INCREASE/ (DECREASE) 2017-18
Aggregate assessed values (from Burlington County Abstract of Ratables 2017)
AMOUNT TO BE RAISED BY TAXES - GENERAL FUND
2018-19
663,833,016 663,765,144
17-18 to 18-19
PERCENT VARIANCE
(67,872)
(0.010%)
9,189,252
9,373,037
183,785
2.00%
9,189,252
9,373,037
183,785
2.00%
AMOUNT TO BE RAISED BY TAXES - DEBT SERVICE
829,658
138,301
(691,357)
(83.33%)
TOTAL DEBT SERVICE TAX LEVY
829,658
138,301
(691,357)
(83.33%)
10,018,910
9,511,338
(507,572)
(5.07%)
TOTAL GENERAL FUND TAX LEVY
TOTAL TAX LEVY
Tax Impact Continued 2017-18 1.3843 0.1250
TAX RATE (CALCULATED) - GENERAL FUND TAX RATE (CALCULATED) - DEBT SERVICE TOTAL TAX RATE $
2018-19 17-18 to 18-19 1.4121 0.0278 0.0208 (0.1041)
1.51 $
VARIANCE 2.01% (83.33%)
1.43
(0.0763)
(5.06%)
GENERAL FUND TAX DOLLARS ON THE AVERAGE ASSESSED HOME VALUE ($308,169) ANNUAL $4,265.90 $4,351.66
$85.76
2.01%
$64.21
($320.94)
(83.33%)
$4,415.87 $367.99
($235.18) ($19.60)
(5.06%) (5.06%)
Per $100 of Assessment
DEBT SERVICE TAX DOLLARS ON THE AVERAGE ASSESSED HOME VALUE ($308,169) ANNUAL $385.15 TOTAL ANNUAL COST TOTAL MONTHLY COST
$4,651.05 $387.59
General Fund Tax Levy History Reference Dates: ●
2010 - 2% Tax Levy cap imposed
●
2013 - School budget vote eliminated
2015-16
2016-17
2017-18
2018-19
General Fund
$8,609,047
$8,981,228
$9,189,252
$9,373,037
% Increase
5.1%
4.3%
2.3%
2.0%
Debt Service Analysis Description
Principal Interest
Total
17-18
18-19
19-20
20-21
21-22
22-23
23-24
24-25
25-26
$790,000 $130,000 $140,000 $150,000 $155,000 $160,000 $170,000 $180,000 $179,000 $71,384
$40,834
$32,397
$27,709
$22,865
$17,865
$12,340
$0.00
$6,265
$0.00
$861,384 $170,834 $176,772 $182,397 $182,709 $182,865 $187,865 $192,340 $185,265
$0.00
This will ultimately result in an overall TAX DECREASE for the 18 – 19 School year.
$36,772
26-27
Thank You. Questions?? Visit Shamong website www.shamongschools.org Documents are available for inspection at the Board Office Indian Mills Memorial School 295 Indian Mills Road Shamong, NJ 08088 Or contact Laura Archer [email protected] Business Administrator/Board Secretary
Budget Timelines •
October 2017 – Preliminary budget created including known percentage increases
•
November 2017 – Budget discussion with Superintendent, Principals, Directors
•
December 2017 – Discussion with BOE regarding 2018/2019 school year
•
January 2018 – Budget information should be completed in Systems3000 for Business Administrator and Superintendent review. Review budget requests with Directors and Principals
•
February 2018 - Budget update presented at Board of Education Regular Meeting
•
March 2018 – Overview of preliminary budget presented to Board of Education
•
March 15, 2018 - State Aid notices received
•
March 20, 2018 – Preliminary budget approved by the Board of Education, due to County in 24 hours
•
April 12, 2018 – County office approval granted to advertise budget
•
April 24, 2018 – Public hearing/Budget adoption
What is a School Budget? •
A Budget Is: A Planning Tool that Reflects What We Value
•
A Budget Is: Fiscally Responsible to Those We Serve
•
A Budget Is: A Planning Tool that… o Considers Contingencies and Manages Risk
What Do We Value? For Students and Staff •
Providing academic opportunities for all students
•
Providing extra and co-curricular opportunities for all students
•
Developing the whole child with socio-emotional supports
•
Supporting and developing staff for excellence
For the District •
Long-term planning for academics
•
Long-term planning for staff
•
Long-term planning to address maintenance projects
•
Better, more consistent messaging to all
Academic Accomplishments •
Designated by the State of New Jersey as a High Performing School District
•
Offer Algebra I & Spanish I High School courses
•
PLTW program above average acceptance rate at Seneca
•
PARCC math & reading scores above average compared to Peer Group and State
•
PARCC 100% Algebra I passing score
•
NJASK science scores exceed advanced proficient compared to State Averages
•
12 Athletic Offerings & Over 20 extra-curricular clubs and activities
Areas of Focus New Jersey's Future Ready Schools Initiative Communication: New Website Updated notification procedures Community outreach
Future Ready Schools - New Jersey, a coalition of NJIT, the NJSBA, and the NJDOE, is a certification program designed to support the organization of schools' and districts' efforts through the national Future Ready Framework to best prepare their students for success in the digital age, while fostering and enabling collaboration both within and between schools and districts throughout the state of New Jersey, providing support, and connecting educators to potential resources.
Security & Maintenance: Partnership with State Police & Office of Homeland Security Partnership with Shamong Twp. Emergency Mgmt. Committee IMS Well Pump IMS & IMMS Concrete sidewalk & curbing repairs IMMS gym floors
Budget Constraints 17/18 Tax Levy
$9,189,252
2% Increase
$183,785
18/19 Tax Levy
$9,373,037
$183,785
Salary Increases: STEA Teachers
$198,603
STEA Custodial
$16,864
STEA Secretarial
$6,796
STPSA
$6,874
Unaffiliated
$26,267
Health Benefits
$255,404
Total:
$510,808
Shortfall:
$327,023
2018/2019 Proposed Budget Expenditures
2017/18 Budget
2018/19 Proposed Budget
Proposed vs. Original %
General Fund
$
14,634,329 $
14,554,290
Special Revenue
$
209,276 $
215,390
2.92%
Debt Service
$
861,384 $
170,834
(80.17%)
Total Appropriations
$
15,704,989 $
14,940,514
(4.87%)
Revenues
2017/18 Budget
2018/19 Proposed Budget
(0.55%)
Proposed vs. Original %
Local
$
9,189,252 $
9,373,037
2.00%
State Sources
$
4,298,120 $
4,320,989
.53%
Surplus & Misc.
$
1,178,683 $
892,797
(24.25%)
Federal Sources
$
209,276
$
215,390
2.92%
Debt Service
$
829,658
$
138,301
(83.33%)
Total Revenues
$ 15,704,989
$
14,940,514
(4.87%)
Where the money comes from…Revenues $14.9M Surplus & Misc. 6% Federal Sources 1%
State Sources 29%
Local Tax Levy 64%
Program Summary General Fund Program Description General Current Expense Regular Programs - Instruction Special Education - Instruction Basic Skills/Remedial - Instruction Co-Curricular Activities Athletic Activities Instruction - Special Education Tuition Attendance Health Services Other Support - Related Services Other Support - Extraordinary Services Guidance CST Curriculum/Improvement of Instruction Library Instruction - Staff Training Support Services - Gen. Adm Support Services - School Admin
Budget 2017-2018
Proposed 2018-2019
INC/DEC
%INC/DEC
$4,413,785 $1,116,850 $251,761 $53,144 $59,076 $389,924 $30,000 $133,542 $277,993 $20,050 $162,001 $432,814 $90,188 $296,444 $11,350 $369,124 $473,945
$4,582,952 $1,109,604 $217,090 $61,210 $59,938 $361,180 $37,500 $140,164 $267,206 $19,677 $166,698 $461,307 $115,578 $298,683 $11,350 $359,619 $488,289
$169,167 ($7,246) ($34,671) $8,066 $862 ($28,744) $7,500 $6,622 ($10,787) ($373) $4,697 $28,493 $25,390 $2,239 $0 ($9,505) $14,344
3.83% -0.65% -13.77% 15.18% 1.46% -7.37% 25.00% 4.96% -3.88% -1.86% 2.90% 6.58% 28.15% 0.76% 0.00% -2.58% 3.03%
Central Services - Admn & Info Technology Operation and Maint. Of Plant Student Transportation Services Allocated Benefits Employee Benefits
$319,838 $1,300,689 $799,161 $4,160 $2,772,054
$311,219 $1,397,660 $795,680 $10,400 $2,977,012
($8,619) $96,971 ($3,481) $6,240 $204,958
-2.69% 7.46% -0.44% 150.00% 7.39%
TOTAL GENERAL CURRENT EXPENSE Total Capital Outlay Interest on Reserves - state guidelines GENERAL FUND GRAND TOTAL
$13,777,893 $856,233 $204 $14,634,330
$14,250,016 $304,090 $184 $14,554,290
$472,123 ($552,143) ($20) ($80,040)
3.43% -64.49% -9.80% -0.55%
Where the money goes…Expenditures $14.9M Employee Benefits 20%
Operation/Maint. 10%
Transportation 5% Capital Outlay 2%
Support Services 8%
Special Education 17%
Debt Service 1% Co-Curr./Athletics 1%
Reg. Instruction 36%
Available Banked Cap $127,384 •
What is banked cap? Allows a school district to exceed the tax levy cap by using adjustments that are generated by enrollment, health care costs, deferred pension costs or for the shift in responsibility to or from another district. Year
Amount
Amount Used
Balance
Adjustment
Expires
14/15
$28,399
$0
$28,399
Health Care Cost
17/18
15/16
$0
$0
$28,399
N/A
17/18
17/18
$0
$28,399*
$0
N/A
17/18
18/19
$127,384
$0
$127,384
Health Care Cost
21/22
*Well Pit & IMMS Generator
Capital Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$100,000
$500,000
$900,000
$1,220,826
$889,271
Deposit
$400,000
$500,000
$440,826
-
-
Interest
-
-
-
$150
$150
Withdrawal
-
$100,000*
$120,000#
$331,705^
-
Ending Balance
$500,000
$400,000
$1,220,826
$889,271
$889,421
Reason
*Transfer to Debt Serv. Fund
#Transfer to Debt Serv. Fund
^Well Pit & IMMS Generator
Maintenance Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$70,000
$70,000
$70,000
$70,000
$70,014
Deposit
-
-
-
-
-
Interest
-
-
-
$14
$14
Withdrawal
-
-
-
-
-
Ending Balance
$70,000
$70,000
$70,000
$70,014
$70,028
Reason
Emergency Reserve Date
14/15
15/16
16/17
17/18
18/19
Beginning Balance
$196,000
$196,000
$196,000
$196,000
$96,040
Deposit
-
-
-
-
-
Interest
-
-
-
$40
$20
Withdrawal
-
-
-
$100,000*
-
Ending Balance
$196,000
$196,000
$196,000
$96,040
$96,060
Reason
*IMMS Generator
Tax Impact INCREASE/ (DECREASE) 2017-18
Aggregate assessed values (from Burlington County Abstract of Ratables 2017)
AMOUNT TO BE RAISED BY TAXES - GENERAL FUND
2018-19
663,833,016 663,765,144
17-18 to 18-19
PERCENT VARIANCE
(67,872)
(0.010%)
9,189,252
9,373,037
183,785
2.00%
9,189,252
9,373,037
183,785
2.00%
AMOUNT TO BE RAISED BY TAXES - DEBT SERVICE
829,658
138,301
(691,357)
(83.33%)
TOTAL DEBT SERVICE TAX LEVY
829,658
138,301
(691,357)
(83.33%)
10,018,910
9,511,338
(507,572)
(5.07%)
TOTAL GENERAL FUND TAX LEVY
TOTAL TAX LEVY
Tax Impact Continued 2017-18 1.3843 0.1250
TAX RATE (CALCULATED) - GENERAL FUND TAX RATE (CALCULATED) - DEBT SERVICE TOTAL TAX RATE $
2018-19 17-18 to 18-19 1.4121 0.0278 0.0208 (0.1041)
1.51 $
VARIANCE 2.01% (83.33%)
1.43
(0.0763)
(5.06%)
GENERAL FUND TAX DOLLARS ON THE AVERAGE ASSESSED HOME VALUE ($308,169) ANNUAL $4,265.90 $4,351.66
$85.76
2.01%
$64.21
($320.94)
(83.33%)
$4,415.87 $367.99
($235.18) ($19.60)
(5.06%) (5.06%)
Per $100 of Assessment
DEBT SERVICE TAX DOLLARS ON THE AVERAGE ASSESSED HOME VALUE ($308,169) ANNUAL $385.15 TOTAL ANNUAL COST TOTAL MONTHLY COST
$4,651.05 $387.59
General Fund Tax Levy History Reference Dates: ●
2010 - 2% Tax Levy cap imposed
●
2013 - School budget vote eliminated
2015-16
2016-17
2017-18
2018-19
General Fund
$8,609,047
$8,981,228
$9,189,252
$9,373,037
% Increase
5.1%
4.3%
2.3%
2.0%
Debt Service Analysis Description
Principal Interest
Total
17-18
18-19
19-20
20-21
21-22
22-23
23-24
24-25
25-26
$790,000 $130,000 $140,000 $150,000 $155,000 $160,000 $170,000 $180,000 $179,000 $71,384
$40,834
$32,397
$27,709
$22,865
$17,865
$12,340
$0.00
$6,265
$0.00
$861,384 $170,834 $176,772 $182,397 $182,709 $182,865 $187,865 $192,340 $185,265
$0.00
This will ultimately result in an overall TAX DECREASE for the 18 – 19 School year.
$36,772
26-27
Thank You. Questions?? Visit Shamong website www.shamongschools.org Documents are available for inspection at the Board Office Indian Mills Memorial School 295 Indian Mills Road Shamong, NJ 08088 Or contact Laura Archer [email protected] Business Administrator/Board Secretary
