CALIFONSchool District

CALIFONSchool District

BUDGET 2013-2014

Califon Elementary Provides:

•Preschool program-5 days per week•Full day kindergarten program•Small school/community environment•New educational initiatives – expanded literacy

• DRA2• Guided Leveled Readers• Literacy Coach

•Math Enrichment/Geometry•Study Island – Online LAL/Math tutorials•Academic Support•World Language studies •Sports teams, extracurricular activities •Class Trips (NYC, Williamsburg, Washington, DC)

Califon is Efficient with Funds

• Shared service contracts to reduce costs

• All staff pay for benefits• Current Year General Fund Levy

increase of only .065%. State Cap is 2%• School Choice District in 2013-14 to

generate revenues• Leasing van to transport:

– Out of District Placements– Field Trips, Academic Competitions

• AESOP-staff attendance/substitute

Shared Services

In order to maintain our school, we have had to find alternative ways to provide services.

Sharing Resources:

• Business Administrator-Frenchtown/Milford

• Transportation- Tewksbury, NHVRHS, DVRHS, HC Educational Services Commission.

• Staff development/ teacher evaluation/student information system software shared with neighboring districts.

• Sending Special Education Students-– High Bridge, Lebanon Township

• Competitive Bidding/joint purchasing – HCESC, ACT (telephone), ACES (electric) Middlesex Regional ESC

Budget Overview

The Budget consists of four Main Funds.

1. General - $2,330,302

2. Capital Outlay - $0.00

3. Special Revenue - $52,022

4. Debt Service - $170,185

Goals for Budget

• Provide information to the community regarding the budget process

• Maintain existing programs

• Continue to provide a rigorous academic program for our students

• Keep our local property taxes under control

General Fund

• Traditional functions of the School

– Staff Salaries and Benefits– Educational Support Functions– Instructional Supplies– Purchased Instructional Services– Administrative Support– Maintenance and Upkeep of the Facilities– Transportation

Capital Outlay Fund

• Capitalized Expenditures

Special Revenue Fund

Resources that are restricted in their use

• Federal Grants (IDEA, NCLB, REAP) – IDEA $31,334, NCLB $1,503, REAP $19,185

• Other Fund Raising

Debt Service

Pay off debt on previous voter approved

commitment(s)

Currently have $1,415,000 remaining on a $1,935,000 voter approved school renovation project from 2006. This debt will be paid off in 2021.

Note: Maximum debt allowed by law is 3% of the average equalized assessed values of the total taxable property in the District for the past three years.

REVENUES...Where The $ Comes From

REVENUES...Where The $ Comes From

2011-2012

Actual

2012-2013

Budget

2013-2014 Anticipated

Local $1,986,271 $2,031,886 $2,035,376

State $240,635

($52,249) Revenues over Expenditures

$4,307 (Job Ed Fund)

$249,050

$24,516 (prior year encumbrance)

$294,926

Includes School Choice Aid of $45,876.

Special Revenue $80,141 $68,200 $52,022

Fund Balance

Used

$13,106(11-12’ State Aid)

Debt Service $169,385 $169,885 $170,185

Total $2,428,490 $2,556,643 $2,552,509

2013-14 ANTICIPATED REVENUES

$2,017,876.00, 78%

$0.00, 0%

$294,926.00, 11%

$52,022.00, 2%

$17,500.00, 1%

$170,185.00, 7%

TAX LEVY

FUND BALANCE

STATE AID *

SPEC. REV

MISCELLANEOUS

DEBT SERVICE

2013-14 General Fund Expenditures

Tax Impact

2010 2011 2012 2013Average Home Value

$369,600 $328,113 $327,878 $327,878

Tax Rate

(Per 100s)1.223 1.397 1.432 1.464

Tax Due for average home

$4,522 $4,585 $4,695 $4,802

For 2013 – School Tax Levy increase for average homeowner would translate to $106.98 annually. ($8.92 per month)

Alfred Turello

Dr. Debra Sheard

Susan Schaffner