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Galloway Township Schools 2014-2015 Budget Update Overview

This document provides an update on the Galloway Township Schools budget for the 2014-2015 fiscal year. Key highlights include the fund balances from previous years, jurisdiction over tax levy cap and adjustments, projected health benefits, and ongoing capital projects, including critical roof renovations. It outlines current budget issues, anticipated state aid, and scheduled meetings for community input. The district prioritizes school safety, instructional technology, and long-term planning, aligning with evolving state requirements.

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Galloway Township Schools 2014-2015 Budget Update Overview

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  1. 2014-2015 Budget Budget Update February 24, 2014 Galloway TownshipSchools

  2. Fund balance • 13-14 3,520,222 • 14-15 2,799,192 (excess @ 6/30/12) • 721,030 (or 1.3% of 13-14 budget) • High renewal projection for health benefits • Continuing to fund capital reserve Current Budget Issues

  3. Explanation of Tax Levy Cap • 2% base cap (1% on the budget - $585k) • Health benefit adjust (approx $164k) • Banked Cap • 13-14 $ 0 • 12-13 $ 879,118 • 11-12 $ 0 • Split Year Levy – effect on rate • Township Property Revaluation Tax Levy Cap

  4. No details available • Current budget assumes flat state aid • 2013-14 Calculated Aid – $28,766,318 • 2013-14 Actual Aid – $23,572,868 • Governor’s Budget Address 2/25 2PM • State aid released 48 hours later State Aid

  5. Awaiting SDA grant offers for awarded projects • Priority is roofs at Roland and S’ville • 18 months to accept grant offer • Total SDA grants amount to $2.4 mil • Local share amounts to $2.66 mil • SDA meeting Wednesday 2/26 in Robbinsville • Summer 2013 completed Rann roof and parking lot Capital Projects

  6. Committee meeting held this past week • Updated committee on progress • Security Film • Recommendations for budget include: • School Resource Officer • Camera expansion (door and school-wide) • Long term planning – entryway reconfiguration School Safety and Security

  7. Continued requirements related to • Common Core • PARCC • Principal and Teacher Evaluation • Instructional Technology • iPads 3-5 • Laptops 6-8 • Additional Technology Teachers Curriculum Instruction and Assessment

  8. Class Size

  9. Budget Revenues

  10. Budget Components

  11. Governor’s Budget Address 2/25 • State Aid Released 2/27 • Committee meetings if necessary • Budget Update (w/state aid) 3/17 • Submission of Budget to DOE 3/17 • Regular public meeting 4/14 • Public Budget Hearing 4/28 Next Steps

  12. Questions / Comments

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