proposed budget 11 12
DESCRIPTION
Proposed 2011 - 2012 School Year BudgetTRANSCRIPT
Greenwich Township School District
Proposed Budget
2011-2012Public Hearing: March 28, 2011
Agenda
This presentation provides an overview of our financial expectations for the 2011-2012 school year.
The intention of this budget is to provide curriculum and instruction which will enable all students to achieve the Core Curriculum Standards and implement the proposed planning process as described in the District’s Annual Report.
Superintendent’s Comments
Budget Goals
Total Budget
Revenues
Expenditures
2011-2012 State Aid Summary
2010-2011 vs. 2011-2012
Local Tax Levy Analysis
Ratables
Budget Highlights for 2011-2012
Cost Saving Measures
2011-2012 Budget Goals
• Continued emphasis on curriculum and instruction toward enhancing student achievement. The District has planned for the purchase of additional textbooks, maintaining the current level of classroom supplies, and continued technology purchases.
• Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and updating current technology.
• Continued emphasis on staff development toward enhancing student achievement. Full day sessions for staff development are planned for 2011-2012.
• Continued emphasis on providing a safe and secure learning environment toward enhancing student achievement. The district has continued to make a commitment in the amounts budgeted in maintenance for both buildings.
2011-2012 Total Budget
General Fund: $11,768,328
Special Revenue Funds:
FEDERAL: No Child Left Behind (NCLB) Title I Part A, Title II Part A & D, IDEA Part B Basic & Preschool
$ 254,468 STATE: Nonpublic Entitlements (Textbooks, Basic Skills, Speech, and Nursing)
$ 103,395 Total Special Revenue:
$ 357,863
TOTAL BUDGET $12,126,191
2011-2012 Revenues
Tax Levy: $ 9,965,605 84.7%
State Aid: $ 1,070,237 9.1% Budgeted Fund Balance: $ 470,796 4.0% Other Revenues: $ 261,690 2.2%
General Fund Budget: $ 11,768,328 100%
2011-2012 Revenues:Where the money comes from.
State Aid9.1%
Tax Levy84.7%
Other Revenues2.2%
Fund Balance4.0%
5 Year General Fund Revenue Analysis
2007-08 % Diff.
2008-09 % Diff.
2009-10 % Diff.
2010-11 % Diff.
2011-12
General Fund:
$11,123,203 3.74% $11,540,581 -4.55% $11,015,050 4.2% $11,477,152 2.5% $11,768,328
Tax Levy: $8,685,673 4.0% $9,033,100 4.0% $9,394,424 4.0% $9,770,201 2.0% $9,965,605
State Aid: $1,490,186 4.1% $1,552,224 -2.55% $1,512,648 -36.5% $960,086 11.5% $1,070,237
Budgeted Fund
Balance:
$853,034 2.07% $870,614 *% $0 *% $529,754 -11.1% $470,796
Other Revenues:
$94,310 -10.25% $84,643 27.57% $107,978 101.6% $217,111 20.5% $261,690
2011-2012 Expenditures• Instructional Cost
• Employee Benefits
• Support Costs
• Maintenance/Operation
• Administrative/Business
• Transportation
• Capital Outlay
GENERAL FUND BUDGET
$5,861,077 49.8%
$2,225,153 18.9%
$1,202,880 10.2%
$1,201,754 10.2%
$ 611,405 5.2%
$ 632,434 5.4%
$ 33,625 .30%
$11,768,328 100%
2011-2012 Expenditures:How the money is spent.
5.4%
10.2%
5.2%
10.2%
18.9%
49.8%
.3%0% Instruction
Benefits
Maint/Op
Admin/Bus
Support
Transport.
Food Service
Cap. Outlay
2011-2012 STATE AID SUMMARYAmount Percent
Changefrom 2010-
2011
• Adjustment Aid $402,491 37.6%
• Categorical Special Education Aid $320,808 0%
• Categorical Transportation Aid $269,406 0%
• Categorical Security Aid $ 77,532 0%
• OVERALL CHANGE IN AID $110,151 +37.6%
2010-2011 vs. 2011-2012
2010-2011 Budget
$11,477,152
vs.
2011-2012 Budget
$11,768,328
INCREASE of $291,176
or 2.5%
Historical Trend of Tax ImpactSchool Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value
2011-12 ? 1.505 ?% $655,710,713
2010-11 3.882 1.555 40.1% $615,888,016
2009-10 3.705 1.465 39.5% $628,876,796
2008-09 3.436 1.366 39.8% $648,346,517
2007-08 3.488 1.385 39.7% $615,649,387
2006-07 3.292 1.310 39.8% $635,671,589
2005-06 3.326 1.373 41.3% $588,372,774
2004-05 3.03 1.325 43.7% $593,340,061
2003-04 2.87 1.22 42.5% $622,504,474
2002-03 2.72 1.13 41.5% $619,191,146
Your 2010 General Tax Breakdown
Tax %Rate
County .906 23.4%
Co. Library .072 1.85%
Open Space .072 1.85%
Dist. School 1.555 40.0%
Local 1.277 32.90%
Total $3.882 100%
County
Library
Open Sp.
School
Local
Proposed Budget Overview 2009-2010
As of 2010, the Greenwich Twp. School District HAS THE SEVENTH LOWEST*
school tax rate in the county!
School Tax Bill Comparison between 2010 and 2011
School Year School Tax Levy Total 2011
School Tax Levy
2010-2011 $9,770,201 1/2 $4,885,100.50
2011-2012 $9,965,605 1/2 $4,982,802.50
$9,867,903.00
2011 Net Valuation Taxable = $655,710,713
2010 School Tax Rate = $1.555
2011 Proposed School Tax Rate = $1.505 -5.0 cents
LOCAL TAX LEVY2000-2001 Tax Levy
2001-2002 Tax Levy
2002-2003 Tax Levy
2003-2004 Tax Levy
2004-2005 Tax Levy
2005-2006 Tax Levy
2006-2007 Tax Levy
2007-2008 Tax Levy
2008- 2009 Tax Levy
2009-2010 Tax Levy
2010-2011 Tax Levy
2011-2012 Tax Levy
Average Increase
$6,530,557
$6,607,888
$7,342,932
$7,851,103
$7,873,033
$8,287,803
$8,376,849
$8,685,673
$9,033,100
$9,394,424
$9,770,201
$9,965,605
$286,254
RATABLES
2002-2003 Assessed Value
2003-2004 Assessed Value
2004-2005 Assessed Value
2005-2006 Assessed Value
2006-2007 Assessed Value
2007-2008 Assessed Value
2008-2009 Assessed Value
2009-2010 Assessed Value
2010-2011 Assessed Value
2011-2012 Assessed Value
For 2011-2012, a penny is equal to:
$619,191,146
$622,504,474
$593,340,061
$588,372,774
$635,671,589
$615,649,387
$648,346,517
$628,876,796
$615,888,016
$655,710,713
$65,571
RATABLES(CONTINUED)
• If ratables remained the same as in 2010, the overall impact would be a 4.70 cent increase. ($1.555 to $1.602)
• With the increase in ratables of $39,822,697 the overall impact is a DECREASE of 5.0 cents. ($1.555 to $1.505). Last year there was a tax increase of 9.07 cents.
Budget Highlights 2011-2012
• Maintain Full Day Kindergarten.• Continue to provide field trip experiences to grades Pre-K to eight.• Maintain class size within State recommended levels in grades
kindergarten through eight as per NJQSAC.• Maintain academic and extra-curricular activities.• Maintain district-wide technology capabilities.• Emphasis on curriculum and instruction through purchases and staff
development.• Medical plan increase of 20%.• Rx plan increase of 19%.• Dental plan increase of 5%.• No increase on Property/Liability insurance.• 100% PERS obligation estimated in the amount of $170,000.• Increases in special education tuition and associated costs.• Continue to provide courtesy bussing.• Continue to provide maintenance in both buildings above what is
required as per N.J.A.C. 6:24. • Energy cost increases to operate both buildings.
District Wide Cost Savings Measures• Township provides at no cost: water/sewer, trash removal and recycling services
and are continually pursuing additional shared services.• The school district and the municipality have shared-service agreement for
diesel and gasoline for all district vehicles along with electrician services.• Greenwich Twp. School District takes part in the following consortiums to
achieve significant savings for the district:– Electricity and Natural Gas- ACES Program– Purchasing of Xerox paper through Pittsgrove Consortium– Telecommunications-ACT Program– Federal E-rate telecommunications– Jointures on transportation with Gateway.– Services provided to Paulsboro, East Greenwich, Mantua, and South
Harrison Twp. for special education students.• The district participates in shared programs with GCSSSD:
– Non-public grant administration programs for textbooks, and nursing services.
– Occupational and physical therapy services. – Transportation for GCIT and special education students.
Annual School Election
April 27, 2011
4:00 p.m. - 9:00 p.m.
Nehaunsey Middle School Gymnasium