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MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT

2009-2010 PROPOSED SCHOOL BUDGET. MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT. BUDGET TIMELINE. MARCH 10, 2009 BUDGET SUBMISSION TO MONMOUTH COUNTY EXECUTIVE SUPERINTENDENT MARCH 10, 2009 GOVERNOR’S BUDGET ADDRESS (state aid released 3/11)

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MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT

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  1. 2009-2010 PROPOSED SCHOOL BUDGET MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT

  2. BUDGET TIMELINE • MARCH 10, 2009 BUDGET SUBMISSION TO MONMOUTH COUNTY EXECUTIVE SUPERINTENDENT • MARCH 10, 2009 GOVERNOR’S BUDGET ADDRESS (state aid released 3/11) • MARCH 30, 2009 BUDGET PUBLIC HEARING • APRIL 21, 2009 SCHOOL BUDGET VOTE

  3. WE ALL SHARE IN THE VISION... Mission Statement: To provide every child with the highest quality of instruction, curricula, and services; to treat every child with respect and dignity; to give every child the opportunity to learn and mature; to acquire a thirst for knowledge, to experience the satisfaction of accomplishment, and to anticipate becoming a productive member of a democratic society. The Administration and Board of Education worked hard to shape an educational plan which maintains programs that serve our students, plan for improvements in student achievement, provide fiscal accountability in tough economic times, and serves ALL children in its care while fighting to balance needs against taxes.

  4. STATE CAP & WHAT IT MEANS • Cap is based on a General Fund Tax Levy • Limited to 4% plus adjustments • Automatic adjustments • Health Insurance • Reduction in State Aid • Other adjustments (called waivers) can be requested and submitted to the Executive County Superintendent and State Department of Education • Can request a second question, which now requires 60% approval and there is no means of appeal.

  5. 2009-2010 Budget This budget DOES NOT have, nor did we request, any waivers or adjustments that would require the district budget to exceed the maximum available tax levy.

  6. 2009-2010 APPROPRIATIONS

  7. 2009-2010 REVENUES

  8. REVENUES2008/09 V.S. 2009/10 2008/09 Local Tax Levy $43,826,599 Budgeted Fund Balance $ 1,292,837 State Aid $13, 326,405 Misc. Revenue $ 609,548 Fund 10 $ 59,055,389 Grants $ 1,299,580 Debt Service $ 2,501,045 $62,856,014 2009/10 Local Tax Levy $43,801,859 Budgeted Fund Balance $ 630,272 State Aid $ 13,346,403 Misc. Revenue $ 643,100 Fund 10 $58,421,634 Grants $ 1,333,904 Debt Service $ 2,499,068 $62,254,606 The 2009-2010 operating budget is $633,755 less than the previous year. The 2009-2010 total budget is $601,408 less than the previous year.

  9. MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT 2008-2009 Actual Tax Levy$43,826,599 2009-2010 4% General Fund tax levy cap (maximum - $1,753,064)$45,579,663 2009-2010 Actual Tax Levy$43,801,859 This is a 0% increase in the tax levy from the 2008-2009 school budget.

  10. How the school tax levy is determined Total Budget $ 62,254,606 (Less Special Revenue & Debt service) $ 3,832,972 TOTAL GENERAL FUND BUDGET$ 58,421,634 Less Anticipated Revenues: -State Aid*(anticipated to remain the same)$(13,346,403) -Miscellaneous $ (643,100) -Budgeted Fund Balance $ (630,272) PROPOSED GENERAL FUND TAX LEVY $43,801,859 The proposed 2009-2010 tax levy is a 0% increase over last year’s levy.

  11. TAX LEVY HISTORY 2.3% 1% 2.3% 1%

  12. MATAWAN-ABERDEEN REGIONAL SCHOOL DISTRICT BUDGET HIGHLIGHTS • CURRICULUM INITIATIVES & TEXTBOOKS • Professional Development for staff • TECHNOLOGY UPGRADES • Facilities-ADA compliance plan • MAINTAIN ALL CURRENT INTERSCHOLASTIC ATHLETICS/CLUBS/INTRAMURALS, ETC • Maintain class sizes • MAINTAIN RTI PROGRAM • Maintain all current K-12 curricula programs • Implementation of three (3) new HS career academies • DEVELOPMENT OF IN-HOUSE SPECIAL EDUCATION PROGRAM

  13. 2009-2010 CONTROLLING COSTS • Cooperative purchasing • Cooperative transportation • Controlling benefit costs (state health benefits plan) • Bidding process for all services • Shared services with municipalities • Reworking contracts (Xerox machines, etc.) • Managing our energy costs • Administrators managing their budgets effectively • Scrutinizing all purchases

  14. 2009-2010 BUDGET How much is the budget increasing in 2009/10 compared to 2008/09? 0% GENERAL FUND 0% TOTAL BUDGET 0% TAX LEVY

  15. 2009-2010 Budget • The 2009-2010 budget has been projected without a state aid increase and does not include the local pension contribution deferral recommendation by Governor Corzine. • The 2009-2010 tax levy remains the same with NO INCREASE. • The 2009-2010 operating budget is $633,755 less than the previous year. • The 2009-2010 total budget is $601,408 less than previous year. • The 2009-2010 budget for debt service decreases by $1,977 or -0.08% • The 2009-2010 budget includes contractual increases for the MRTA and MRAA and a 7% increase for health and prescription benefits and a 7% increase for dental coverage for the full year. • The number of employees is reduced by 3% in the 2009-2010 budget. • Administrative costs are less than the state and regional average. • While adding and maintaining all programs, curriculum, and services.

  16. REMEMBER TO VOTE TUESDAY APRIL 21ST, 2009 1:00 P.M. TO 9:00 P.M

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