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Mountain Lakes Board of Education

Mountain Lakes Board of Education 2009 – 2010 Budget Hearing Not “Business as Usual” March 30, 2009 Respecting today’s reality: spending discipline, creativity and savings Tight control over on-going expenses Significant new sources of recurring savings

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Mountain Lakes Board of Education

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  1. Mountain Lakes Board of Education 2009 – 2010 Budget Hearing Not “Business as Usual” March 30, 2009

  2. Respecting today’s reality: spending discipline, creativity and savings • Tight control over on-going expenses • Significant new sources of recurring savings • Re-investment of savings/other in necessary roof repairs • $1,049,647 to be spent at High School & Wildwood (toward total cost of $1.8 million) • Roof repairs account for 150% of 2009/10 general fund tax increase(…and >70% of increase in expenses) • 2nd lowest overall tax increase in 10+ years • +3.66% / +$682,942 overall • +$338 for average home

  3. Respecting today’s reality: spending discipline, creativity and savings • Prior year savings of $407,897 carried forward to help offset 2009/10 expenses • All 2009/10 school instructional budgets are flat or down versus 2008/09 • Several new sources of recurring savings • Reduction of 1 administrator, 2 teachers, 1 custodian (-$324,556) • In addition to 1 administrator eliminated in 2008/09 • Newly negotiated health benefits opt-out (-$33,240 savings to-date) • Utilizing $225,000 Capital Reserve established in June 2008 to help fund roof replacements • Implementing State mandated inclusive pre-school program at no incremental cost • No reduction in current programs

  4. Entire tax increase is traceable to roof repairs: WHY NOW? • High School & Wildwood roofs in need of repair • Sections to be replaced are 15-18 years old • Included in Long Range 5-Year Facilities Plan • Failure to address situation now threatens additional damage & even higher repair costs • Expect meaningful “savings” due to current market conditions (bidding more competitive than usual) • 40% state subsidy of $738,885 at risk if we wait • Cost to District only $1,049,647 out of $1.8 million total • Represents an appropriate “investment” of the one-time $123,990 Boonton Township tuition recapture • Utilizes the $225,000 Capital Reserve established last year • Enables participation in solar energy project (& future savings) • Addresses non-recurring cost within state cap and without taking on any additional debt

  5. Budgetary Goals • Maintain a Budget in Accordance with New Accountability Regulations • Maintain Programs and Favorable Class Size • Reduce Cost Where Appropriate (Staffing, Health Benefit Buyback, Hiring Practices and Cooperative Purchasing)

  6. The Surplus and New Fiscal Accountability • Surplus • Limited to 2% for 2009-2010 • New Fiscal Accountability • Tax Levy Cap • User Friendly Budget • Administrative Cost Limits

  7. State Aid • Aid Figures Released March 12, 2009 • Same Allotment as 2008-2009 • State Entitlement Aid 2009-2010 $951,058 • Represents Less than 3% of Total Revenue

  8. Enrollment Comparison

  9. 2009–10 Budget Analysis(Excluding Lake Drive School)

  10. Budget Highlights 2009-10 • All School Budgets (Instructional items) held at or below ‘08–’09 levels • Reduction of two teaching positions, saving $140,846 • Reduction of one administrator, saving $134,402 • Reduction of one custodian, saving $49,308 • All existing and new courses taught by existing staff • Implement new inclusive State mandated pre-school program at zero incremental cost • Major Roof Projects (Wildwood and High School) totaling $1,847,211; State funding in excess of $700,000 • Second lowest tax increase in over a decade

  11. Superintendent Highlights • Maintain the Highest Quality of Education • Goals of the Long Range Education Plan • Continue Progress in Curriculum Development • Continue Progress in Professional Development • Maintain Favorable Class Sizes at All Levels • Maintain All Current Course Offerings and Programs • Implement a New Inclusive Pre-school in the District • Repair Roof on High School and Wildwood School

  12. 2009-10 Proposed Capital Projects

  13. Proposed 2009-10 Budget

  14. Revenue Source - 3 Yr. Period

  15. Homeowner Tax Increase

  16. 2009-10 Tax Impact Analysis

  17. The Election • Budget Public Hearing – March 30, 2009 • Election: April 21, 2009 • Polls Open from 7:00 am – 9:00 pm • Mountain Lakes High School • Board Member Election Three Year Term (vote for three [3]) • Petrina Dawson • Catherine Mitchell • Kim M. Sheppell • Resolved, that there should be raised for the General Fund, $18,204,324 for the ensuing school year. (2009-2010)

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