Download - Dr. Alex Anemone, Superintendent Mr. Robert Brown, Interim Business Administrator April 27, 2015
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Harding Township School DistrictPublic Hearing on the Budget
2015-2016
Dr. Alex Anemone, SuperintendentMr. Robert Brown, Interim Business Administrator
April 27, 2015
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Davor Gjivoje – President John Flynn – Vice President Kim Macaulay Howard Kotkin* Abi Singh*
* members – Facilities and Finance Committee
Board of Education
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$ Amount $ Change % Change
Local Tax Levy (includes
banked cap and health benefits
exemption)
$10,068,785 $323,859 +3.32%
Funds 11, 12 (operating
budget, capital outlay)
$10,492,717 $237,701 +2.31%
TOTAL BUDGET
$11,065,630 $219,945 +2.02%
2015-2016 Budget
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Timeline Budget Process
Fall 2014 Facilities and Finance Committee meetings; Administrative meetings
11/3/14 15/16 Budget Guidelines unanimously approved by BOE
12/5/15 Preliminary Budget Report I
2/2/15 Preliminary Budget Report II
2/27/15 State Aid
3/16/15 Tentative Budget unanimously approved by BOE
3/18/15 Tentative Budget submitted to ECS
3/27/15 Tentative Budget approved by ECS
4/27/15 Public Hearing on the Budget
7/1/15 Fiscal year begins
Budget Timeline and Process
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Annual presentation required by NJDOE. Advertised by district in April 9 edition of
the Observer-Tribune. Presentation includes:
◦ Budget highlights◦ Revenue ◦ Expenses◦ Tax levy impact
Public Hearing on the Budget
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Fiscally conservative budget - increase of only 2.02%!
Meets all 15/16 budget guidelines. Maintains staffing configuration, co-
curricular activities, and small class size. Low administrative costs
◦ Regional limit = $2,086 per pupil◦ HTS = $1,968 per pupil
Budgets money for professional development and curriculum writing.
Budget Highlights
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Budgets money for complete renovation of 6 (original) bathrooms in Elementary School.
Strong emphasis on technology integration. Provides adequate financial resources for
yet-to-be named 15/16 district goals. This budget allows for HTS to continue on
its upward trajectory and maintain its position as one of the premier PK-8 public school districts in New Jersey.
Budget Highlights
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Budget Year(s) Local Tax Levy Increase
1997-2011 (average) 6.01%
2011-2012 1.96%
2012-2013 1.78%
2013-2014 1.50%
2014-2015 2.81%(includes banked cap and health
benefits exemption)
2015-2016Local taxes ~ 91% of total budget
3.32%(includes banked cap and health
benefits exemption)
Revenue
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1997-2011
2011/12 2012/13 2013/14 2014/15 2015/160.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Local Tax Levy Increase
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$ State Aid $ Change % Change
2009-2010 $364,473 N/A N/A
2010-2011 0 ($364,473) (100%)
2011-2012 $181,191 $181,191 N/A
2012-2013 $225,137 $43,946 24.3%
2013-2014 $225,137 $0 0%
2014-2015 $233,677 $8,540 3.8%
2015-2016 $233,677 $0 0%
Categorical State Aid
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2009/102010/112011/122012/132013/142014/152015/16$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Categorical State Aid
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2009-2010 2015-2016
Categorical State Aid $364,473 $233,677
Categorical State Aid as a Percentage of
the Budget
3.97% 2.11%
State Aid – Total Budget
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Year Saved $ Amount Year Expires
2012-2013 $82,496Added to 15/16
budget
2015-2016
2013-2014 $74,390 2016-2017
2014-2015 $0 N/A
2015-2016 $0 N/A
Banked Cap
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Budget Year Ending
Budgeted Fund Balance
Added to Budget Year
State Aid for that Budget
Year
June 30, 2010 $3,028 2011-2012 $181,191 (50% banked)
June 30, 2011 $320 2012-2013 $225,137
June 30, 2012 $174,890 2013-2014 $225,137
June 30, 2013 $274,561 2014-2015 $233,677
June 30, 2014 $274,680 2015-2016 $233,677
Budgeted Fund Balance + State Aid
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2011/12 2012/13 2013/14 2014/15 2015/16$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
BFBState Aid
Budgeted Fund Balance + State Aid
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2014-2015 $ Changes 2015-2016Local Tax Levy $9,254,883 $347,003 $9,601,886
Tuition PK-8 $52,300 $7,700 $60,000
Transportation Fees $10,000 ($1,000) $9,000
Building Usage Fees $9,000 ($1,500) $7,500
Misc. Revenue $15,000 $17,614 $32,614
State Aid (categorical) $233,677 None $233,677
Extraordinary Aid (SE) $200,000 ($10,000) $190,000
Budgeted Fund Balance $274,561 $119 $274,680
Capital Reserve $205,595 ($122,235) $83,360
Special Revenue $82,481 ($12,368) $70,113
Local Tax Levy (Debt Sv.)
$490,043 ($23,144) $466,899
Debt Service Aid $37,682 ($1,781) $35,901
TOTAL $10,865,222 $200,408 $11,065,630
Detailed Revenues
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2014-2015 $ Changes 2015-2016
Gen. Ed. Instruction $2,399,826 ($60,401) $2,339,425
Sp. Ed. Instruction $994,441 $139,000 $1,133,441
Sp. Ed./Tuition $2,715,293 $64,200 $2,779,493
Attendance/Health/LMC $190,492 $17,886 $208,378
Impr. Instruction $159,875 $12,823 $172,698
Supp. Svc. Gen. Admin. $309,077 ($11,423) $297,654
Supp. Svc. Sch. Admin. $94,712 $12,480 $107,192
Central Svc./IT $132,926 $21,874 $154,800
Operation/Plant $894,781 ($25,722) $869,059
Transportation $878,624 $77,386 $956,010
Employee Benefits $1,276,589 $111,834 $1,388,423
TOTAL $10,046,636 $359,937 $10,406,573
Expenses – Operating Budget
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2014-2015 $ Changes 2015-2016
Total – Fund 11Operating
Budget
$10,046,636 $359,937 $10,406,573
Total – Fund 12Capital Outlay
$208,380 ($122,236) $86,144
Total – Fund 20Special
Revenue
$82,481 ($12,368) $70,113
Total – Fund 40Debt Service
$527,725 ($24,925) $502,800
TOTAL $10,865,222 $200,408 $11,065,630
Expenses – Funds 11, 12, 20, 40
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Medical Benefits + Rx
State Aid (Categorical)
Special Revenue
(Fund 20 – Federal)
2012-2013 $821,511 $225,137 $156,810
2015-2016 $1,055,321(rates not
official until 5/1/15)
$233,677 $82,481
Variance +$233,810+28.5%
+$8,540+3.8%
($74,329)(47.4%)
Uncapped Expenses/Capped Revenues
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2014 2015
Total Taxable Assessment
$2,027,888,710 $2,019,860,930
Average Residential Assessment
$1,196,734 $1,194,558
Current Tax Rate 0.465
Proposed Tax Rate 0.481
Difference +0.016+3.44%
$191/year/average house
Tax Information
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In 2012, Gov. Christie signed legislation that eliminated the need for the public to vote on the school budget if it remains at or below the 2% tax levy cap, including specific exemptions such as banked cap or the health benefits waiver.
On 2/13/12, the BOE adopted a resolution to move the annual school election to November.
Since the 15/16 budget is within the cap, it will not be on the ballot in November. The public will vote for BOE members in the general election on Tuesday, November 3, 2015.
Budget Vote and Election