Thomas Venanzi

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2009-2010 PROPOSED BUDGET

• Thomas Venanzi
• February 24, 2009

Montgomery Township School District
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BUDGET GOALS

• To Enhance Teaching and Learning
• Continue improvement of our excellent programs
• Support social and emotional growth of students
• Support efforts to enhance learning environments
• Support efforts to engage community
• To Sustain Districts Success
• Reallocate resources to fund new programs
• Increase other sources of revenue
• Control expenses and continually seeking ways to
  reduce costs
• Improve security and safety in our schools
• Fund long-range plans including development of
  strategic plan
• Create a learning organization

Montgomery Township School District
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WHERE WE ARECOSTS BELOW STATE AVERAGE
Source Comparative Spending Guide School Year
2007-2008
Montgomery Township School District
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WHERE WE ARECOSTS BELOW STATE AVERAGE
Source Comparative Spending Guide School Year
2007-2008
Montgomery Township School District
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WHERE WE ARECOSTS BELOW STATE AVERAGE
Source Comparative Spending Guide School Year
2007-2008
Montgomery Township School District
6
WHERE WE ARECOSTS ABOVE STATE AVERAGE
Source Comparative Spending Guide School Year
2007-2008
Montgomery Township School District
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WHERE WE ARECOSTS ABOVE STATE AVERAGE
SOMERSET COUNTY SCHOOL DISTRICTS
Source Comparative Spending Guide School Year
2007-2008
Montgomery Township School District
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THE BUDGET INCLUDES

• Continuation of most academic and co-curricular
  programs
• Funds to meet the districts anticipated
  contractual obligations
• Additional staff to address growth in certain
  schools and our ever-increasing special education
  population
• Reallocation of resources to fund new costs to
  our budget
• New sources of other revenue besides local taxes
  in order to fund needs outlined in the
  budget

Montgomery Township School District
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THE BUDGET INCLUDES

• Funding to improve performance, safety and
  security needs in the district
• Components of various multi-year plans in the
  area of curriculum and technology and the
  strategic plan
• Continuation of our current transportation system
• An effort to continue to reduce the amount of
  contracted services in special education by
  placing students in the least restrictive
  environment thereby decreasing out-of-district
  placement expenses
• Efforts to continue to strive for excellence in
  all phases of district operations

Montgomery Township School District
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OTHER MAJOR FACTORS INCORPORATED IN PROPOSED
BUDGET

• Uncertainty of State Aid (Assumption is flat)
• Increase in General Fund Spending (1.08)
• Net Reduction in Staffing - 109,000
• Energy Savings from Reduced Use of Facilities
• Student Activity Fee is Mandatory
• Alternative to funding Capital Projects

Montgomery Township School District
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REFERENDUM CONCEPTS

• Potential Target Date of September or December
  2009
• Eliminates annual appropriations for capital
  projects
• Allows us to address facility needs now with
  state funding
• No impact on 2009-10 budget
• If approved, impacts 2010-11 debt service portion
  of budget
• Debt service cost to offset annual appropriations
  for capital projects

Montgomery Township School District
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CATEGORICAL DISTRIBUTION OF CURRENT EXPENSE FUND
Montgomery Township School District
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EXPENDITURE SUMMARY FOR 2009-10 BUDGET
Montgomery Township School District
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REVENUE COMPARISON
Montgomery Township School District
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REVENUE SOURCESBUDGETED FUND BALANCE

• 2009-2010
• 1,769,415
• Change from prior year
• -370,362
• Change
• -17.3

Montgomery Township School District
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REVENUE SOURCESTUITION

• 2009-2010
• 1,109,044
• Change from prior year
• 58,923
• Change
• 5.6

Montgomery Township School District
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REVENUE SOURCESMISCELLANEOUS

• 2009-2010
• 582,000
• Change from prior year
• -200,000
• Change
• -25.6

Montgomery Township School District
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REVENUE SOURCESSTATE AID

• 2009-2010
• 5,691,723
• Change from prior year
• -83,288
• Change
• -1.4

Montgomery Township School District
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REVENUE SOURCESFEDERAL AID

• 2009-2010
• 1,133,586
• Change from prior year
• -150,410
• Change
• -11.7

Montgomery Township School District
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REVENUE SOURCESTAX LEVY

• 2009-2010
• 66,843,584
• Change from prior year
• 1,553,690
• Change
• 2.4

Montgomery Township School District
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GENERAL FUND LOCAL TAX LEVYCAP CALCULATION
Montgomery Township School District
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2009-2010 SCHOOL TAX IMPACT
Montgomery Township School District
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COMPARISON TAX INCREASE ONAVERAGE HOME LAST
6 YEARS
Montgomery Township School District
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2009/2010 BUDGET SUMMARY
Montgomery Township School District
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2009-2010 BUDGET CALENDAR

• 2/24/09 Initial Presentation of the 2009-10
  Proposed Budget to the
• Board and Public
• 3/10/09 Adoption of Tentative Budget
• 3/12/09 Distribution of State Aid Figures to
  School Districts
• 3/18/09 Submission of the 2009-10 Tentative
  Budget to the County
• Superintendent of Schools
• 3/24/09 Revision of 2009-2010 Tentative Budget
  based on State Aid
• Figures if necessary
• 3/31/09 Public Hearing on 2009-2010 Budget and
  Final Adoption
• 4/21/09 Election Day Polls open 700 a.m.
  900 p.m.

Montgomery Township School District
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QUESTIONS
Montgomery Township School District