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Galloway Township Public Schools

2014 - 2015 Preliminary Budget Presentation. Galloway Township Public Schools. Presented to the Galloway Township Board of Education November 18, 2013. Current Budget Where are we? Budget Considerations 2014-2015 Where are we going? 2014-2015 Budget Planning How do we get there?.

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Galloway Township Public Schools

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  1. 2014 - 2015 Preliminary Budget Presentation Galloway Township Public Schools Presented to the Galloway Township Board of Education November 18, 2013

  2. Current Budget • Where are we? • Budget Considerations 2014-2015 • Where are we going? • 2014-2015 Budget Planning • How do we get there? Preliminary Budget Planning

  3. Current Budget – where are we?

  4. Current Budget 2013-2014 Revenues

  5. Current Budget 2013-2014 Expenditures

  6. Current Budget 2013-2014 Expenditures

  7. K-8 District with enrollment over 750 (n=88) 2011-12 Cost per pupil $16,733 (53 / 88) Administration per pupil $1,257 (22 / 88) Legal Services per pupil $10 (5 / 88) Food Service Contribution $4 (2 / 88) Ratio-Students to Teacher 11.1 (77 / 88) Ratio-Students to Admin 213.4 (24 / 88) Ratio-Faculty to Admin 21.8 (11 / 88) 2013 Taxpayer’s guide to education spending

  8. Budget considerations–Where ARE WE GOING?

  9. Maintaining current class size and programs Replenishment of consumable materials No new series / curriculum purchases PARCC preparation Technology Facilities and maintenance School security upgrades Capital projects 2014-2015 budget considerations

  10. Tax levy cap • Approximately $585,000 for the 2014-15 budget • Represents 0.998% of the general fund budget • Banked cap • $879,118 of available banked cap • Entire amount will disappear if not utilized in 2014-15 budget 2014-2015 Budget considerations

  11. Fund Balance • 2013-2014 • 2,770,222 to fund general budget • 750,000 to fund capital reserve • 2014-2015 • 2,799,822 in audited excess surplus • As per 2013 district audit presented to the BOE in October 2014-2015 budget considerations

  12. Budget Planning-How do we get there?

  13. Budget development calendar Meetings/Planning with district administrators Payroll/Benefits projections Accumulation of data Projected staffing meetings Meetings with board committees Further public presentations Input from community members/stakeholder groups How do we get there?

  14. The budget is a plan, not absolute Enrollment projections ROD grant applications State aid – historically released in February Budget approval timelines Unanticipated costs Unknown factors for 2014-2015

  15. Thank you! Questions/Comments

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