proposed budget 2012 2013

Greenwich Township School District

Proposed Budget

2012-2013Public Hearing: March 29, 2012

Agenda

This presentation provides an overview of our financial expectations for the 2012-2013 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

2011-2012 vs. 2012-2013

Revenues

Expenditures

2012-2013 State Aid Summary

Local Tax Levy Analysis

Ratables

Budget Highlights for 2012-2013

Cost Saving Measures

Proposed Budget Overview 2012-2013

2012-2013 Budget Goals• Continued emphasis on curriculum and instruction toward enhancing student

achievement. The District will continue purchases to maintain the current level of classroom supplies.

• Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and maintaining current technology.

• Continued emphasis on staff development toward enhancing student achievement and state mandated teacher evaluations. Full day sessions for staff development are planned for 2012-2013 in both areas.

• 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.


2012-2013 Total Budget

General Fund: $11,382,481

Special Revenue Funds:

FEDERAL: No Child Left Behind (NCLB) Title I Part A, Title II Part A, & IDEA Part B Basic & Preschool

$ 245,334 STATE: Nonpublic Entitlements (Textbooks, Basic Skills, Speech, and Nursing)

$ 102,578 Total Special Revenue:

$ 351,570

TOTAL BUDGET $11,734,051

Proposed Budget Overview 2012-

2013

2011-2012 vs. 2012-2013

2011-2012 Budget

$11,768,238

vs.

2012-2013 Budget

$11,382,481

DECREASE of $385,757

or 3.4%


2012-2013 Revenues

Tax Levy: $ 9,447,453 83.0%

State Aid: $ 1,091,720 9.6% Budgeted Fund Balance: $ 556,050 4.9% Other Revenues: $ 287,258 2.5%

General Fund Budget: $ 11,382,481 100%


2012-2013 Revenues:Where the money comes from.

State Aid9.6%

Tax Levy83%

Other Revenues2.5%Fund Balance

4.9%


2012-2013 Expenditures• Instructional Cost

• Employee Benefits

• Maintenance/Operation

• Support Costs

• Transportation

• Administrative/Business

• Capital Outlay

GENERAL FUND BUDGET

$5,571,726 48.9%

$2,338,938 20.6%

$1,117,902 9.8%

$1,065,678 9.4%

$ 640,145 5.6%

$ 625,583 5.5%

$ 22,509 .20%

$11,382,481 100%


2012-2013 Expenditures:How the money is spent.

48.9%

20.6%

9.8%

5.5%

9.4%

5.6%

.2%Instruction

Benefits

Maint/Op

Admin/Bus

Support

Transport.

Food Service

Cap. Outlay


2012-2013 STATE AID SUMMARYAmount Dollar Change

from 2011-2012

• Adjustment Aid $410,113 -$102,528

• Special Education Categorical Aid $335,298 $14,490

• Transportation Aid $268,032 -$1,374

• Security Aid $ 78,277 $745

• OVERALL CHANGE IN AID -$88,667


Historical Trend of Tax ImpactSchool Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value

2012-13

2011-12

?

3.785

1.660

1.504

?

39.7%

$569,096,803

$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 2011 General Tax Breakdown

Tax %Rate

County .864 22.83%

Co. Library .071 1.88%

Open Space .069 1.82%

Dist. School 1.504 39.74%

Local 1.277 33.73%

Total $3.785 100%

County

Library

Open Sp.

School

Local


As of 2011, the Greenwich Twp. School District HAS

THE FIFTH LOWEST school tax rate in the

county!


School Tax CalculationTOWNSHIP OF GREENWICH

SCHEDULE OF LOCAL TAXES REQUIRED TO SUPPORT SCHOOL DISTRICT BUDGETTAXES RAISED ON A CALENDAR YEAR BASIS

Proposed 2011/12 2010/112012/13 School Budget School Budget

School Budget Local Local

Local Tax Levy: General Fund 9,447,453.00 9,965,605.00 9,770,201.00 Debt Service Fund - - - Township Adjustments - - -

Total Local Tax Levy 9,447,453.00 9,965,605.00 9,770,201.00

50% of Local Tax Levy 4,723,726.50 A 4,982,802.50 B 4,885,100.50

2012 2011 Increase/Tax Levy Tax Levy (Decrease)

50% from Prior Year Local School Budget 4,982,802.50 B 4,885,100.50 C50% from Current Year Local School Budget 4,723,726.50 A 4,982,802.50 B

Local Taxes to Be Raised for School Purposes 9,706,529.00 9,867,903.00

Net Valuation Taxable 569,096,803.00 655,710,713.00

Tax Rate per $100 Assessed Valuation 1.706 1.505 0.201

Recap of 2012 Proposed Tax Rate : 50% from 2011/12 School Budget 0.876 50% from 2012/13 Proposed School Budget 0.830

Tax Rate per $100 Assessed Valuation 1.706

Tax Rate per $100 Assessed Valuation -

(school year) 1.660 1.520 0.140

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

2012-2013 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

$9,447,453

$243,075

RATABLES

2003-2004 Assessed Value










For 2012-2013, a penny is equal to:

$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

$569,096,803

$56,910

RATABLES(CONTINUED)

• If ratables remained the same as in 2011, the overall impact would be a 7.90 cent decrease. ($1.520 to $1.441)

• With the decrease in ratables of $86,613,910 the overall impact is an INCREASE of 14.0 cents. ($1.520 to $1.660). The tax increase of 14.0 cents is for the 2012-2013 school year.


Budget Highlights 2012-2013

• Maintain Full Day Kindergarten.• Maintain class size within State recommended levels in grades

kindergarten through eight as per NJQSAC.• Maintain academic and after school club activities.• Maintain district-wide technology capabilities.• Emphasis on curriculum and instruction through purchases and staff

development.• Medical plan increase of 14%.• Rx plan increase of 15%.• Dental plan increase of 5%.• Increase on Property/Liability insurance.• 100% PERS obligation estimated in the amount of $165,167.• 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 17, 2012

4:00 p.m. - 9:00 p.m.

Broad Street Elementary School Gymnasium