Slide 1

2012-2013 School Year Budget Slide 2 Terms & Definitions Tax point = amount per $100 of assessed value CAP: maximum amount allowable for the local tax levy to increase Banked CAP: an adjustment of allowable CAP due to increased enrollment which may be saved and used for the next two years State Aid: amount the State contributes to the school budget Tax Levy: amount the local taxpayers contribute to the school budget Slide 3 Terms & Definitions Debt service: the payment of long term debt, principal and interest What is the impact on Chesterfields school budget? We are paying for the new school ($587,000 principal payment) 2013 is last year to pay for old Chesterfield School ($89,000) Slide 4 The budget proposed Maintains all core educational programs. Meets needs of enrollment growth. Chesterfield is ranked 3 rd in the state in 6 year growth. Includes operational expenses for a large school building with all 3 floors in use. Still maintaining old building until it is sold or leased. Slide 5 Budget Influences State funding Increase in State Aid of $53,260 Actual 2010-11 State aid $ 62,901 2011- 12 State aid $189,990 2012- 13 State aid $243,250 $63,544 of the state received in summer of 2011 was designated to be used for tax relief in 2012-2013 budget Debt service - $ 2,243,310 State Aid $ 320,189 Total budget - $ 9,811,343 Slide 6 Budget Influences Continued student enrollment increases necessitating increased staffing 10.1% increase in health benefits Contractual salary adjustments last year of 3 year negotiated agreement Necessity to budget for maintenance expenses for old school and new school pending sale or lease of old school Slide 7 Enrollment Growth February 2007 February 2012 Slide 8 Enrollment Growth for 6 years & Chesterfield Ranking in State Figures from the Department of Education Enrollment changes: 6-year growth CODISTDISTNAME res12 res13ENP_GRR6yr Rank MONMOUTH1000DEAL BORO 39 13628.70%1 BERGEN1270EDGEWATER BORO 952 1,02410.60%2 BURLINGTON0830 CHESTERFIELD TWP 543 56710.38%3 MONMOUTH2320INTERLAKEN 13 2910.13%4 GLOUCESTER1775 GLOUCESTER CO VOCATIONAL 1,141 1,20510.13%5 ATLANTIC120 ATLANTIC CO VOCATIONAL 679 8079.04%6 MORRIS3365 MORRIS COUNTY VOCATIONAL 824 8588.85%7 CAPE MAY5610 WEST CAPE MAY BORO 31 528.25%8 SALEM4640 SALEM COUNTY VOCATIONAL 686 6958.10%9 GLOUCESTER1180 EAST GREENWICH TWP 1,029 1,1117.55%10 Slide 9 Average class size comparison Average class size March 1, 2012 Projected average class size March, 2013 o 20.7 students o 27 classes K-6 o 561 school age children o Per pupil cost $11,690 o 21.2 students o 29 classes K-6 o Estimated + 56 students K-6 o 617 school age children $11,513 o Per pupil cost $11,513 Slide 10 Five year History - Instruction 2008-09$1,832,490 2009-10$2,107,800 2010-2011$2,042,664 2011 2012$2,327,932 2012 2013$2,404,601 Slide 11 Special Education Instruction Resource teachers Supplies Extended School Year (IEP driven) Five year history 2008-09$307,822 2009-10$305,400 2010-11$373,572 2010 12$387,645 2012-13$429,464 Slide 12 Basic Skills (LIFT) and English Language Service Instruction Teachers Supplies Five year history 2008-09$87,394 2009-10 $125,000 2010-11$135,524 2011-12$144,100 2012-13$149,100 Slide 13 School Sponsored Co-Curricular Activities and Remedial Summer School Clubs: Garden Club, Character Education Extra-Curricular Activities: School Variety Show Remedial Summer School Five year history 2008-09$46,950 2009-10$21,000 2010-11$ 7,302 2011-12$15,300 2012-13$11,900 Slide 14 Special Education Tuition Special Education tuition students BCSSSD Extended school year Five year history 2008-09$ 46,377 2009-10$172,400 2010-11$ 31,065 2011-12$ 45,100 2012-13$ 37,822 Slide 15 Speech & Related Services Speech Therapist Extended school year speech services Occupational Therapy Physical Therapy Itinerant Teacher of Deaf services Paraprofessionals Applied Behavior Analysis Five year history 2008-09$243,398 2009-10$279,800 2010-11$259,078 2011-12$255,700 2012-13$274,444 Slide 16 Child Study Team Services Learning Disability Teacher-Consultant Psychologist Social Worker Purchases services (outside evaluations) Supplies & expenses Five year history 2008-09$163,374 2009-10$178,600 2010-11$198,948 2011-12$223,610 2012-13$258,244 Slide 17 Health & Attendance Nurse School Physician Health Aide Nursing supplies Attendance services Five year history 2008-09$136,115 2009-10$160,800 2010-11$148,760 2011-12$154,900 2012-13$151,501 Slide 18 Guidance & School-Wide Testing Counselor Secretarial support Testing expenses Five year history 2008-09$32,722 2009-10$24,900 2010-11$29,217 2011-12$34,710 2012-13$34,720 Slide 19 Curriculum Supervisor of Instruction Secretarial support Curriculum development Professional associations Supplies Five year history 2008-09$103,361 2009-10$93,268 2010-11$92,246 2011-12$96,100 2012-13$93,166 Slide 20 Educational Media/Library Librarian, Library aide Summer Media Center/Tech work Books & supplies Automated system licensing fee & support Five year history 2008-09$ 83,487 2009-10$ 87,600 2010-11$102,237 2011-12$102,100 2012 013$ 70,464 Slide 21 Professional Development Teacher in-service, training and articulation on site Off site workshops, conferences Five year history 2008-09$13,881 2009-10$16,300 2010-11$ 5,882 2011-12$11,000 2012-13$11,124 Slide 22 General Administration Superintendent, Treasurer, Legal Services, Auditor, Architect, Bid Purchase Services, Telephone, Board Liability Insurance, Postage, Supplies, Five year history 2008-09$161,417 2009-10$190,900 2010-11$181,464 2011-12$183,550 2012-13$194,014 Slide 23 School Administration Superintendent (Principal portion), Assistant Principal, Secretarial support, Substitute Registry, Educational workshops for administrative purposes, professional dues Five year history 2008-09$161,149 2009-10$215,600 2010-11$226,659 2011-12$231,400 2012-13$231,996 Slide 24 School Business Office Services Business Administrator & staff Human Resources/payroll Accounts payable Printing & advertising Software systems & support associated with personnel, payroll, budget, telecommunications & network management Student accident insurance Technology services Slide 25 School Business Office Services Five year history 2008-09$240,555 2009-10$273,968 2010-11$206,891 2011-12$214,950 2012-13$211,311 Slide 26 Operation & Maintenance of Plant Custodians Lunch/recess/copy aides Liability & property insurance Contracted services Custodial supplies Electricity, heat Clerical support Slide 27 Operation & Maintenance Five year History 2008-09$608,880 2009-10$635,050 2010-11$655,852 2011-12$875,783 2012-13$923,797 Slide 28 Student Transportation Fuel & Maintenance Regular & Special Routes Aid in Lieu: Non- public school reimbursement Drivers, transportation aides, secretarial support Five year history 2008-09$393,163 2009-10$440,622 2010-11$279,374 2011-12$272,082 2012-13$278,787 Slide 29 Employee Benefits Social Security Workers Compensation Health benefits, Dental, Prescription Tuition reimbursement PERS retirement contribution Five year history 2008-09$ 822,175 2009-10$1,031,132 2010-11$1,305,350 2011-12$1,430,440 2012-13$1,573,173 10.1% increase health benefits Slide 30 Food Services Audit Contracted Services through Food Management Company Lunch Prices Five year history 2008-09$ 0 2009-10$ 0 2010-11$ 0 2011-12$ 0 2012-13$ 0 Slide 31 Equipment and Capital Outlay Equipment purchases exceeding $2000 Capital outlay an improvement to the building or grounds, such as repair of a unit ventilator Five Year History 2008-09$4,962 2009-10$ 50 2010-11$ 150 2011-12$ 75 2012-13$ 50 Slide 32 Total Operating Budget 2008-09$5,430,685 2009-10$6,360,190 2010-11$6,221,136 2011-12$7,085,702 2012-13$7,423,858 Slide 33 Federal & State Grants Federal grant funds (Public & Non-public) IDEA - Special Education tuition, related services, supplemental instruction, supplies No Child Left Behind (NCLB) Professional development, technology, safe drug free schools, services for at-risk students ARRA (additional IDEA funds) State grant funds Non-public nursing, technology, textbooks, supplemental instruction Other vary year to year i.e., REAP Slide 34 2012 - 2013 Slide 35 2012 2013 REVENUE Slide 36 Percentage Revenue 2012 - 2013 Slide 37 Revenues 2012 - 2013 Fund Balance$ 330,247 Local Tax Levy$ 6,764,011 Interest & Misc Revenue$ 86,350 State Aid$ 243,250 Total Operating Budget $7,423,858 Grants$ 144,175 Debt Service $ 2,243,310 Total Budget$ 9,811,343 Slide 38 COMPARISON BUDGET 2011 2012 Fund Balance$ 408,554 Local Tax Levy$6,470,600 Misc. Revenue$ 67,523 State Aid$ 139,048 Operating Budget$7,085,735 Grants & Entitlements State & Federal $ 154,508 Repayment of Debt Budget Fund Balance$ 499,669 Local Tax Levy$1,337,762 State Aid$ 304,669 Total$2,142,100 2012 2013 Fund Balance$ 330,247 Local Tax Levy$6,764,011 Misc. Revenue$ 86,300 State Aid$ 243,250 Operating Budget$7,423,858 Grants & Entitlements State & Federal$ 144,175 Repayment of Debt Budget Fund Balance$ 587,541 Local Tax Levy$1,335,580 State Aid$ 320,189 Total$2,243,310 Slide 39 Tax Points & Assessed Values Tax point 2011 $71,414 Chesterfield Tax point 2012 $71,900 Chesterfield Average assessed value of home in Chesterfield 2011 $ 396,472 Average assessed value of home in Chesterfield 2012 $396,860 Slide 40 Average Home Assessed Value is $396,860 A home assessed at $396,860 will realize a $141.13 tax increase for the operating budget $ ($ 5.51)Debt service (Already approved) $ 135.62Total Slide 41 Additional adjustments to tax impact from unexpended bond proceeds The Board may adopt a resolution to pay $587,000, principal payment of 2012-13 Debt Service, for new school with unexpended bond proceeds Slide 42 Budget Adopted 3/26/2012 by BOE after adoption of resolution Budget Total Operating Budget $ 7,423,858 Total Grants & Entitlements $ 144,175 Total Repayments of Debt $ 2,243,310 Totals $ 9,811,343 Local Tax Levy $ 6,764,011 n/a $ 1,335,580 $ 8,099,591 Slide 43 2012-2013 SCHOOL BUDGET Questions?