INITIAL BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008.

INITIAL BUDGET INITIAL BUDGET PRESENTATIONPRESENTATION

WORK SESSION:WORK SESSION:

HADDONFIELD BOARD OF EDUCATIONHADDONFIELD BOARD OF EDUCATION

January 10, 2008January 10, 2008

DEVELOPMENT PARAMETERSDEVELOPMENT PARAMETERS

Show efficienciesShow efficiencies

Be realisticBe realistic

Be transparentBe transparent

Improve the delivery of instructionImprove the delivery of instruction

Grow district initiativesGrow district initiatives Support the professional development of the Support the professional development of the

faculty to meet the learning needs of the studentsfaculty to meet the learning needs of the students

2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARYREVENUEREVENUE 2007-082007-08 2008-092008-09

State AidState Aid $ 1,610,445$ 1,610,445 $ 1,610,445$ 1,610,445

Additional State AidAdditional State Aid $ 32,208$ 32,208

Local Tax Levy – Local Tax Levy – 4%4%

$27,758,553$27,758,553 $28,868,895$28,868,895

TuitionTuition $ 458,561$ 458,561 $ 486,313$ 486,313

Unrestricted FundsUnrestricted Funds $ 145,000$ 145,000 $ 155,000$ 155,000

Fund BalanceFund Balance $ 78,779$ 78,779 $ 125,000$ 125,000

TotalsTotals $30,051,338$30,051,338 $31,277,861$31,277,861

2008-2009 BUDGET SUMMARY2008-2009 BUDGET SUMMARY

OVERALL REVENUE INCREASEOVERALL REVENUE INCREASE

•$1,226,523$1,226,523

OROR

•4.08%4.08%


APPROPRIATIONS APPROPRIATIONS 2007-20082007-2008 2008-20092008-2009

Faculty/Rep StaffFaculty/Rep Staff $17,769,100$17,769,100 $18,229,795$18,229,795

Admin/Non RepAdmin/Non Rep $ 2,145,355$ 2,145,355 $ 2,159,600$ 2,159,600

Special Ed TuitionSpecial Ed Tuition $ 910,000$ 910,000 $ 932,500$ 932,500

Medical/DentalMedical/Dental $ 4,581,500$ 4,581,500 $ 5,276,920$ 5,276,920

OperationalOperational $ 4,645,383$ 4,645,383 $ 4,763,220$ 4,763,220

TOTALSTOTALS $30,051,338$30,051,338 $31,362,035$31,362,035


OVERALL APPROPRIATIONSOVERALL APPROPRIATIONS

INCREASEINCREASE•$1,310,697$1,310,697

OROR

•4.36%4.36%


COMPARISON REVENUE COMPARISON REVENUE

TO APPROPRIATIONSTO APPROPRIATIONSRevenueRevenue $31,277,861$31,277,861

AppropriationsAppropriations $31,362,035$31,362,035

DifferenceDifference $ (84,174)$ (84,174)


POTENTIAL SAVINGSPOTENTIAL SAVINGS

Educational Assistant Reduction (10%)Educational Assistant Reduction (10%) 36,25036,250

Activity Fee Increase $25.00Activity Fee Increase $25.00 20,00020,000

Athletic Program Reduction Overall (10%)Athletic Program Reduction Overall (10%) 69,72569,725

Extracurricular Reduction (10%)Extracurricular Reduction (10%) 33,60033,600

Additional Retiree SavingsAdditional Retiree Savings ????????????

TAX LEVYTAX LEVY

REVENUE SUMMARYREVENUE SUMMARY

State Aid increase of 2%State Aid increase of 2%

Hold harmless for 2008-2009Hold harmless for 2008-2009

Add 15 full-time tuition studentsAdd 15 full-time tuition students

Reduced Pre-school tuition next yearReduced Pre-school tuition next year

REVENUE SUMMARYREVENUE SUMMARY

Rental Fees predicted to remain flatRental Fees predicted to remain flat

Interest Rate revenue – increased Interest Rate revenue – increased 11%11%

Activity Fee income – flatActivity Fee income – flat

Fund Balance – $125,000 Fund Balance – $125,000

APPROPRIATION LINE ITEMSAPPROPRIATION LINE ITEMS

REGULAR EDUCATIONSALARIES

2006-07 Prior Year Actual

2007-08 Approved

Budget

2008-09 Budget

Appropriations

2008-09 Dollar

Increase

2008-09 %

Increase

K-12 $ 9,591,910

$ 10,021,250 $ 9,922,650 $ (98,600) -0.98%

K-12 Substitutes $ 215,000 $ 214,700 $ 214,500 $ (200) -0.09%

Home Instruction $ 50,041 $ 45,000 $ 50,000 $ 5,000 11.11%

EA - Reg. Ed $ 428,143 $ 399,500 $ 362,500 $ (37,000) -9.26%

Related Services $ 1,268,469 $ 1,307,500 $ 1,355,750 $ 48,250 3.69%

Other Instruction $ 108,900 $ 108,900 $ 114,345 $ 5,445 5.00%


2006-07 Actual

2007-08 Approved

2008-09 Approp.

2008-09 Increase % Increase

Special Education Teachers $ 1,687,657 $ 1,745,000 $ 1,908,600 $ 163,600 9.38%

EA/ABA- Spec. Ed $ 677,340 $ 655,000 $ 825,500 $ 170,500 26.03%

Related Services $ 1,029,986 $ 1,063,500 $ 1,137,500 $ 74,000 6.96%

Special Schools-Summer $ 184,640 $ 176,500 $ 193,200 $ 16,700 9.46%

Transportation $ 151,475 $ 95,000 $ 100,000 $ 5,000 5.26%


DISTRICT OPERATIONS2006-07 Actual

2007-08 Approved

2008-09 Appropriation

2008-09 Increase

% Increase

Operations and Maintenance $ 1,689,042 $ 1,937,250 $ 2,045,250 $ 108,000 5.57%

Administration $ 2,162932 $ 2,145,355 $ 2,159,600 $ 14,245 0.66%


2006-07 Actual

2007-08 Approved

2008-09 Appropriation

2008-09 Increase

% Increase

Employee Benefits $ 4,129,081 $ 4,581,500 $ 5,276,920 $ 695,420 15.18%

Oper. & Maint (non-salary) $ 765,279 $ 761,400 $ 772,050 $ 10,650 1.40%

Utilities (Gas & Electric) $ 892,926 $ 740,000 $ 882,000 $ 142,000 19.19%

Special Education

Tuition $ 868,980 $ 910,000 $ 932,500 $ 22,500 2.47%

Professional Services $ 266,173 $ 246,000 $ 246,000 $ 0.00%

Transportation $ 480,937 $ 461,400 $ 478,900 $ 17,500 3.79%


2006-07 Actual

2007-08 Approved

2008-09 Approp.

2008-09 Increase % Increase

Professional Services $ 329,925 $ 353,140 $ 359,300 $ 6,160 1.74%

Textbooks $ 111,424 $ 135,493 $ 110,850 $ (24,643) -18.19%

Supplies $ 671,070 $ 556,695 $ 577,645 $ 20,950 3.76%

Operational $ 271,233 $ 251,955 $ 252,850 $ 895 0.36%

Co/Extra Curricular $ 303,203 $ 323,300 $ 336,375 $ 13,075 4.04%

Athletics $ 676,773 $ 691,000 $ 697,250 $ 6,250 0.90%

Capital Outlay $ 304,803 $ $ 50,000 $ 50,000 100.00%

Budget Reserve

$ $ 125,000 $ $ (125,000) -100.00%

REQUESTS AND OUTCOMESREQUESTS AND OUTCOMES

High School – All requests filled High School – All requests filled within current district staffingwithin current district staffing

Middle School – No requestsMiddle School – No requests

E. Haddon – No requestsE. Haddon – No requests


Central School – Additional Teacher -- Central School – Additional Teacher -- denieddenied

Tatem School – Additional Teacher – Tatem School – Additional Teacher – denieddenied

Special Education – 1.5 Additional Special Education – 1.5 Additional Teachers – deniedTeachers – denied


Technology – $321,000 – approved Technology – $321,000 – approved $50,000$50,000

District – World Language Teacher K District – World Language Teacher K to 2 – denied – implement alternate to 2 – denied – implement alternate programprogram

Sabbatical Request – Pending final Sabbatical Request – Pending final description – approved, per contractdescription – approved, per contract

RETIREE SAVINGSRETIREE SAVINGSas of January 10, 2008as of January 10, 2008

NameName2008-09 SALARY NEW SALARY

SICK PAYOUT

DIFFERENCE

GE $80,513 $49,950 $12,500 $18,063

MB $81,313 $49,950 $ 5,000 $26,363

AZ $81,313 $50,450 $14,500 $16,363

MB $78,913 $50,540 $ $28,373

MB2 $87,861 $49,950 $ 7,500 $30,411

BC $82,252 $56,450 $ $25,802

DW $77,643 $46,500 $12,500 $18,643

TOTAL SAVINGS $164,018

DEBT SERVICEDEBT SERVICE

Debt Principal Debt Principal • 2000 Bonds2000 Bonds $275,000$275,000• 2000 C Bonds2000 C Bonds $270,000$270,000• 2001 Bonds2001 Bonds $310,000$310,000• 2005 Bonds2005 Bonds $100,000$100,000

• TotalTotal $955,000$955,000


Debt Interest Debt Interest • 2000 Bonds2000 Bonds $119,124$119,124• 2000 C Bonds2000 C Bonds $ 20,719$ 20,719• 2001 Bonds2001 Bonds $ 22,563$ 22,563• 2005 Bonds2005 Bonds $365,740$365,740• 2005 Refinance2005 Refinance $438,744$438,744• Grant Note (2.5M)Grant Note (2.5M) $115,000$115,000

• TotalTotal $1,081,890$1,081,890


Debt Revenue Debt Revenue

• State AidState Aid $ 96,251$ 96,251• Debt Service FundDebt Service Fund $ 134,579$ 134,579• Local Tax LevyLocal Tax Levy $1,806,060$1,806,060

• Total RevenueTotal Revenue $2,036,890$2,036,890

BENEFITSBENEFITS Social SecuritySocial Security 6% Increase6% Increase

UnemploymentUnemployment 6% Increase6% Increase

Workers’ CompWorkers’ Comp 6% Increase6% Increase

Health BenefitsHealth Benefits 17% Increase17% Increase

BENEFITSBENEFITS Tuition ReimbursementTuition Reimbursement 0%0%

Other BenefitsOther Benefits 6%6%


IMPORTANT ITEMSIMPORTANT ITEMS

Decrease in Regular Ed teacher salaries – Decrease in Regular Ed teacher salaries – 1%1%

Regular Education EA Decrease – 9%Regular Education EA Decrease – 9%

Increase in Special Education EAs and ABA Increase in Special Education EAs and ABA services – 26%services – 26%


IMPORTANT ITEMSIMPORTANT ITEMS

Total Salary increase – 2.38%Total Salary increase – 2.38%

Benefit Costs increase – 15%Benefit Costs increase – 15%

Utilities increase – 19%Utilities increase – 19%


WHAT IS A 1% REDUCTIONWHAT IS A 1% REDUCTION

$288,688$288,688


A 0% TAX INCREASE MEANSA 0% TAX INCREASE MEANS

A REDUCTION IN THE BUDGET OFA REDUCTION IN THE BUDGET OF

$1,154,752$1,154,752

IMPORTANT POINTSIMPORTANT POINTS

Every 1% decrease in the tax levy Every 1% decrease in the tax levy results in a $288,688 decrease in results in a $288,688 decrease in revenuerevenue

Both the revenue and appropriation Both the revenue and appropriation figures will continue to change figures will continue to change between now and the Public Hearing between now and the Public Hearing of the budgetof the budget

INITIAL BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008.

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Transcript of INITIAL BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008.