Harding Township School DistrictPublic Hearing on the Budget

2015-2016

Dr. Alex Anemone, SuperintendentMr. Robert Brown, Interim Business Administrator

April 27, 2015

Davor Gjivoje – President John Flynn – Vice President Kim Macaulay Howard Kotkin* Abi Singh*

* members – Facilities and Finance Committee

Board of Education

$ 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

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

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

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

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

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

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

$ 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

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

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

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

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

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

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

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

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

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

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

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