Wyckoff Public Schools March 16, 2015

Transcription

1 Wyckoff Public Schools March 16, 2015

2 Wyckoff School District Budget Development Guiding Ideas: Continue to improve the quality of our educational programs Support and provide for award winning schools Build teacher capacity through professional development Create a fiscally responsible budget while attaining our objectives Position the district for the future educational needs and changes in the law

3 Budget Process December- February March April Budget development with Administrators and Board Staffing needs Determination of capital projects Projection of healthcare costs State Aid allocation (confirmed), 3/6/15 Preliminary budget, 3/16/15 Filed with NJDOE, 3/17/15 Approved by NJDOE for advertisement, TBD Full budget presentation, 4/13/15 7:00 p.m. (EMS) PTO Presentations of Preliminary Budget (upcoming) Final Public Budget Hearing, 04/27/15 7:00 p.m. (EMS) User friendly budget posted, late April

4 The Wyckoff Public Schools The largest K- 8 school district in Bergen County Average per pupil cost compared to other districts in Bergen County and State 7 buildings with average age of 64 years old 62 acres of property Maintain building, grounds, and fields for all citizens of Wyckoff

5 Shared Services Consortium Banking School and Custodial Supplies Electric and Gas Communications Insurance Transportation Fuel and Vehicle maintenance through Wyckoff Township IT Services through Bergen County Technical Schools

6 Budget Considera<ons 2% Tax Levy Budget Cap State Aid Collective Bargaining Agreements Healthcare Costs Capital Projects/Maintenance

7 Advancing Our Educa<onal Capabili<es World Language Additional Full- Time Teacher Gifted & Talented Program Additional Full- Time Teacher Continued Technology Integration, 1:1 Language Arts Literacy and Social Studies Resources and Professional Development Science Implement Next Generation Science Standards Math In Focus Expansion into 8 th Grade making it District- Wide STEAM Hosting Regional Professional Development

8 State Aid Budget Year Amount $1,471, $ $ 648,114* $ 838,013* $ 838,014* $ 880,174* $ 880,174* *Debt service payment deducted from State Aid = 46, through = 63,786

9 Health Care / Prescrip<on Costs Estimated Premium Increases $163, % increase over budget year Healthcare waiver- Extra- Ordinary Costs The State formula allows the district to exceed the tax levy 2% cap by $66K

10 Capital Projects Capital Projects Financing Philosophy Funded through Capital Reserve account not bonds Utilize accumulated surplus Strict adherence to 5- year Long Range Facilities Plan Prudent management and pay as you go approach Capital Projects Lincoln School New Electrical Upgrades Washington School Re- tube Boilers, Gym Floor Replacement, Toilet Renovations, and Repaving Coolidge School Kindergarten Toilet Renovations Eisenhower School Partial Windows Replacement Eisenhower Cafeteria Rooftop A/C Unit Replacement

11 Expenditures Capital Outlay 4% Employee Benefits 16% Funded Programs Other 2% 2% Debt Service 4% Instruction/Regular Program 37% Operations/ Maintenance 9% Central Admin/ Technology/ MIS 2% School Administration 4% General Administration 2% Special Education 18%

12 Proposed Expenditures General Fund Increase/ (Decrease) % change Salaries/Payroll $22,202,110 $22,926,231 $ 724, % Health/Prescr./Other Benefits 6,421,792 6,634, , % Classroom Exp. 1,092, , , % Technology Costs 156, , , % Sp. Education 1,935,832 1,982,949 47, % Admin. Costs 525, ,651-86, % Operations 575, ,130-89, % Custodial Costs 1,503,708 1,532,500 28, % Utilities 1,010,819 1,059,019 48, % Student trans. and other costs 878, ,782-25, % Capital Outlay 1,009,836 1,442, , % Total $37,312,721 $38,647,674 $1,334, %

13 Revenues State & Federal Aid 3.7% Miscellaneous 0.2% Appropriated Fund Balance 6.1% Taxes 90.0%

14 Wyckoff s School District Total Budget I. General Fund Levy Local Tax Levy $35,431,541 Fund Balance/ Capital Reserves State Aid Misc. Revenue Subtotal: Federal Aid State Aid 2,265, ,174 70,159 II. Special Revenue $ 406, ,230 $38,647,674 Subtotal: $ 639,510 III. Debt Service (Principal and Interest Payments On Bonds) Local Tax Levy Fund Balance Subtotal: $ 1,391, ,110 $ 1,636,894 Total School Budget $40,924,078

15 Budget Proposed Budget District Pre- budget year adjusted tax levy, including weighted increases for enrollment, inflated by 2% 35,095,814 Adjust. for increase in health care costs 66,469 Use of Banked Cap 269,258 Total: 35,431,541 AA+ Bond Rating- demonstrated fiscal responsibility and prudence Certain adjustments/waivers allow districts to exceed 2% Eligible health care waiver Utilization of banked cap

16 Wyckoff School Tax Increase School Year Tax Year Gen. Fund Debt Serv. $ Total % Inc (40) (30) (1) (16) (25) (3) (10)

17 Conclusion $142 increase Avg. assessed home in Wyckoff $776,500 The fourth lowest in 14 years School Tax increase 2.37% The second lowest in 14 years Distinguished School Awards Reward Schools The Jefferson Award Benchmark School National Blue Ribbon School NJ Monthly- Top 31 Schools School Digger- Top 10 Schools (2014) Distinguished Student Awards American Mathematics Contest NJSMA Region I Orchestra Bergen County Region I Band Int l Music & Arts Society s Talented Young Musicians Distinguished Faculty Awards 2014 Siemens STEM Institute Shell Science Teacher Award Semifinalist The Johns Hopkins Talent Search Fellow for New Science Teacher Academy NJAPHERD Physical Ed. Teacher of the Year Lexus Eco Challenge Award Toyota International Teacher Program Celebrate New Jersey! Powered By The Sun Honeywell Institute For Ecosystems Education Achievement Award Intermec Award Science Kit STEM Award Montclair State University Graduate School of Education Award Fairleigh Dickinson University Scholarship Award BCUA Outstanding Achievement in Recycling

18 Thank you for your support of the education of our children.