Evesham Township School District Public Hearing 20082009 Budget

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Evesham Township School District Public Hearing
2008-2009 Budget

• Working Together to Educate Our Children

Presentation by Patricia Lucas, Superintendent
John Scavelli, Jr., Assistant Superintendent for
Business
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Budget Process

• Ongoing process of evaluating, processing,
  developing, and implementing the goals and
  objectives of the school district.
• Core Curriculum Content Standards, NJQSAC,
  Comprehensive Equity Plan, Long Range Facilities
  Plan, Comprehensive Maintenance Plan, Technology
  Plan, Equipment Replacement Schedules, etc.
• Administrators, Principals, Supervisors, and
  Department Heads all work with their respective
  departments/buildings to identify needs and
  initiatives.
• Formal process normally begins in the fall of the
  prior year.
• Informal meetings with Asst. Supt. for Business
  and with Cabinet.

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Budget Timeline
Board of Education Adopts Final Budget March 19,
2008
Presentation to the Board of Education February
21, 2008
Board of Education Adopts Tentative
Budget February 28, 2008
Public Voting April 15, 2008
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Budget Definitions

• Operating Budget General Fund Fund
  10Accounting for the daily activities of the
  school district. This fund consists of General
  Current Expense or Fund 11 and Capital
  Expenditures or Fund 12.
• Grants and Entitlements Special Revenue Fund
  Fund 20Accounting for federal and state programs
  such as No Child Left Behind (NCLB), Individuals
  with Disabilities Education Improvement Act
  (IDEIA), and Non-public.
• Repayment of Debt Debt Service Fund Fund
  40Accounting for principal and interest payments
  for bonds authorized by the voters for prior
  school construction projects.
• Revenue monies received by the school district
  to offset spending.
• Appropriations Expenditures how the money is
  spent.
• Fund Balance Surplus additional revenue
  and/or unspent appropriations from prior budgets
  that roll forward and are used as a funding
  source for future budgets.

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Parts of the Budget
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Curriculum Projects

• Social Studies unit revisions, developmental math
  units for special education, autistic program
  coordination, alternate proficiency assessment
  coordination, and tier three articulation.

Curriculum Projects
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Curriculum Revision

• Applied Design and Technology, Family and
  Consumer Science, and World Language.

Curriculum Revision
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Equipment Replacement

• Instructional and non-instructional including
  school buses and equipment for grounds and
  custodial staff.

Equipment Replacement
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Construction Projects

• Lighting retrofit (energy efficiency), concrete
  walks, paving reconstruction, tile/carpet
  replacement, and gym bleacher replacement.

Construction Projects
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Instructional Program Continuation

• Metamorphosis Program, Math Coaching Program,
  Tier Three Coordination, and Reading Recovery
  Program.

Instructional Program Continuation
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Instructional Materials

• Connected Math II Units, assessment software for
  Everyday Math, Spanish Texts in middle school,
  Social Studies unit materials, computer software
  programs ACTIVboards, Ncomputing, etc.

Instructional Materials
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Staff Development Initiatives

• Ongoing in-house workshops and seminars in the
  instructional areas to keep our staff on target
  to meet professional development goals and
  improve the learning process of our students.

Staff Development Initiatives
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2008-09 Operating Budget Appropriations
Local Format
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2008-09 Operating Budget Appropriations
New Jersey Format
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2008-09 Overall Budget Appropriations As
Compared to 2007-08
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2008-09 Operating Budget Revenue Sources
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2008-09 Overall Budget Revenue Sources

• Operating Budget
• Miscellaneous Local Revenue 146,039
• Budgeted Fund Balance 3,807,908
• State Aid 15,253,082
• Tax Levy 50,309,043
• Sub-Total Operating Budget Revenue 69,516,072
• Grants and Entitlements
• State 287,791
• Federal 1,311,030
• Sub-Total Grants and Entitlements 1,598,821
• Repayment of Debt
• Budgeted Fund Balance 630,792
• State Aid 1,452,215
• Tax Levy 3,444,164
• Sub-Total Repayment of Debt 5,527,171
• Grand Total Revenues 76,642,064

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What Is The Impact On The Average Taxpayer

• Split-year method of calculating the tax rate
• Actual tax rate is a combination of general fund
  tax levy and the debt service fund tax levy
• Ratables increased minimally (0.3)
• The average home in Evesham Township has an
  assessed value of 148,100
• The proposed tax levy increase is 0.89 cents
  (less than 1 penny!)
• The annual increase per average assessed home is
  13.20 (one penny is worth 14.81)
• In terms of budget dollars one penny is worth
  566,643
• Future Outlook

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2008 Tax Levy Calculation
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Estimated School Property Tax 2007 vs 2008
Note The average assessed valuation in Evesham
Township is 148,100
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Thank You

• Questions???