Galloway Township Public Schools
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Transcript of Galloway Township Public Schools
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GALLOWAY TOWNSHIP PUBLIC SCHOOLS2014 - 2015Preliminary Budget Presentation
Presented to the Galloway Township Board of EducationNovember 18, 2013
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PRELIMINARY BUDGET PLANNING Current Budget
Where are we?
Budget Considerations 2014-2015 Where are we going?
2014-2015 Budget Planning How do we get there?
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CURRENT BUDGET – WHERE ARE WE?
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CURRENT BUDGET 2013-2014 REVENUES
Local Tax Levy50%
State Aid40%
Fund Balance6%
Withdrawal - Capital Reserve4%
Miscellaneous Other0%
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CURRENT BUDGET 2013-2014 EXPENDITURES
CAPITAL
SALARIES
HEALTH BENEFITS
OTHER EMPLOYEE
COSTS
PUR-CHASED
SERVICES
TRANS-PORTATION
TUITION/CHARTER
SUPPLIESMISCTXFR TO FOOD SVC
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CURRENT BUDGET 2013-2014 EXPENDITURES
Instruction40%
Tuition and Charter
5%
StudentSupport Services
9%
Adminis-tration
6%
Operations/Maintenance
7%
Transportation7%
Employee Benefits22%
Food Service0%
Capital5%
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2013 TAXPAYER’S GUIDE TO EDUCATION SPENDINGK-8 District with enrollment over 750 (n=88) 2011-12 Cost per pupil $16,733 (53 / 88) Administration per pupil $1,257 (22 / 88) Legal Services per pupil $10 (5 / 88) Food Service Contribution $4 (2 / 88) Ratio-Students to Teacher 11.1 (77 / 88) Ratio-Students to Admin 213.4 (24 / 88) Ratio-Faculty to Admin 21.8 (11 / 88)
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BUDGET CONSIDERATIONS–WHERE ARE WE GOING?
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2014-2015 BUDGET CONSIDERATIONS Maintaining current class size and programs Replenishment of consumable materials No new series / curriculum purchases PARCC preparation Technology Facilities and maintenance School security upgrades Capital projects
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2014-2015 BUDGET CONSIDERATIONS Tax levy cap
Approximately $585,000 for the 2014-15 budget
Represents 0.998% of the general fund budget
Banked cap $879,118 of available banked cap Entire amount will disappear if not utilized in 2014-15 budget
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2014-2015 BUDGET CONSIDERATIONS Fund Balance
2013-2014 2,770,222 to fund general budget 750,000 to fund capital reserve
2014-2015 2,799,822 in audited excess surplus As per 2013 district audit presented to
the BOE in October
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BUDGET PLANNING-HOW DO WE GET THERE?
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HOW DO WE GET THERE? Budget development calendar Meetings/Planning with district administrators Payroll/Benefits projections Accumulation of data Projected staffing meetings Meetings with board committees Further public presentations Input from community members/stakeholder
groups
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UNKNOWN FACTORS FOR 2014-2015 The budget is a plan, not absolute Enrollment projections ROD grant applications State aid – historically released in
February Budget approval timelines Unanticipated costs
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QUESTIONS/COMMENTSThank you!