2011 - 2012 Budget2011 - 2012 Budget

Cranbury Township

Board of Education

Contributing IndividualsContributing Individuals

Board of Education• Mrs. Lynne Schwarz, President

• Mr. Bill Schraudenbach, Vice-President

• Mrs. Jennifer Cooke

• Mr. Michael Ferrante

• Mr. Kevin Fox

• Mrs. Wendi Patella

• Mrs. Nicole Pormilli

• Mrs. Evelyn Spann

• Mrs. Kathy Wasson

Administration• Mrs. Carol Malouf, Interim

Chief School Administrator

• Mrs. Joyce Picariello,

School Business Administrator /Board Secretary

• Mrs. Michele Waldron,

Vice Principal

Development of the 2011 - 2012 BudgetDevelopment of the 2011 - 2012 Budget

The process is driven by two objectives:1. Provide every child in the district with the high quality educational

opportunities; and

2. Maximize the use of available resources.

The Board attempts to balance the educational needs of students and the resources available to the District from local, state, and federal sources, and the community, with consideration given to the tax impact.

2011-12 Budget2011-12 Budget

• Maintains all current programs

• Provides for 3 classroom sections in grades 1-5

• Reinstates Art, Industrial Arts, and French in Grades K-1 (full year- courses)

ENROLLMENTENROLLMENT

Cranbury EnrollmentCranbury Enrollment

572 570 592 599 635 630 621 628 624 610 588

167 198 215 216 241 256 269 269 272 267 267

0

200

400

600

800

1000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 EST.

K-8 High School

2010-11 SUCCESS STORIES2010-11 SUCCESS STORIES

2010-11 Success Stories2010-11 Success Stories

Outstanding Student Test Score ResultsAdoption and Implementation of New K-5 Literacy

ProgramCompletion of Pole BarnRefinancing of Debt yielding over $300K in savingsStrong financial position distinguishes Cranbury with a

AAA Bond Rating Progress on HVAC Project and Exterior Door

Replacement Projects – ROD Grant Projects

Special Education ProgramsSpecial Education Programs

In accordance with state law, a free and appropriate public education for

classified students from ages 3 through 21 is offered.

Development and Enrichment of Our Special Education Programs

Development and Enrichment of Our Special Education Programs

• Preschool Disabilities Adopted and Implemented State Approved High

Scope Program

• In-Class Support Successful inclusion efforts

Collaborative instruction

• Resource Centers

• Self-Contained Programs

• Active and Supportive Parent Group

Continuum of Options

Proposed 2011 – 2012 BudgetProposed 2011 – 2012 Budget

2011 - 2012 Budget2011 - 2012 Budget

FISCAL COMMITTMENTExpenditures are 2.6% less than the 2010-11 Budget and less than

the last three fiscal years.

2011-12 Budget Expenditures2011-12 Budget Expenditures

Account DescriptionDollar

AmountDifference over 2010-11 Budget

Percent Change

Regular Programs $3,506,324 $(174,099) -5.0

Special Education (In-district programs) $ 827,627 $25,472 3.1

Co-Curricular and Athletics $ 141,618 $9,569 7.3

Out-of-District Tuition – Regular Education (PHS) $4,029,547 ($313,879) -7.2

Out-of-District Tuition (Special Education) $788,485 $108,755 16.0

Support Services $1,130,440 $(82,463) -6.8

Staff Training and Support $ 128,862 $19,476 17.8

Administrative Services $ 750,265 $(45,075) -5.7

Operation & Maintenance $1,117,130 $(109,637) -8.9

Transportation $ 827,610 $(31,910) -3.7

Employee Benefits $2,234,605 $189,430 9.3

Proposed Budget Classifications

Proposed Budget Classifications

Salaries, Wages, and Benefits,

49.5%

Princeton Tuition, 24.2%

Special Education Tuition, 4.7%

Operation and Maintenance, 4.6%

Other Purchased Services, 2.6%

Textbooks and Supplies, 2.3%

Transportation, 4.7%

Capital Outlay, 6.9%

Other Expenses, 0.5%

High School EnrollmentHigh School Enrollment

2010-11

Actual Enrollment

October 15, 2010

2011-12

Estimated Enrollment

9th 60 68

10th 67 60

11th 72 67

12th 68 72

Total 267 267

Princeton High School Tuition Per Pupil Rate

Princeton High School Tuition Per Pupil Rate

2011-12 estimated tuition has been decreasing for the last two years

Cost Containment FeaturesCost Containment Features

• Shared Services with Public Library• Shared Services with Township for fuel• Procurement Cooperatives

Middlesex Educational Services Commission• Transportation • Non-Public School Administrative Services• Natural Gas • Electricity

Pittsgrove Board of Education Cooperative Purchasing• Paper

Hunterdon Education Services Commission• Technology Equipment and Supplies

2011-12 CAPITAL PROJECT2011-12 CAPITAL PROJECT

Window Replacement (1967 addition)• Project anticipates operational savings in utility

expense• Fully funded from capital reserves, which are

specifically designated for Capital Projects• Project has been NJDOE and NJSDA approved

and is eligible for 40% of cost through the ROD Grant

2011-12 BUDGET2011-12 BUDGET

GOOD NEWS!Cranbury School will receive some State Aid

Contractual ObligationsContractual Obligations

• Teachers’ Salaries are based on negotiated agreement

• (Current agreement expires June 30, 2011)

• BOE and CEA are currently in negotiations

Cranbury Township Assessment ValuesCranbury Township Assessment Values

UNFORTUNATE TREND!The aggregate assessed property value has declined by

over 14% in the last four years.

2011-12 TAX LEVY2011-12 TAX LEVY

The 2011-12 tax levy increased by 1.9% which is under the State Cap and less than the 2009-10 tax levy

REVENUEREVENUE

2011-12 Proposed Revenues2011-12 Proposed Revenues

Source Amount

Fund Balance -Operating Budget $213,913

Withdrawal from Capital Reserve $1,141,288

Withdrawal from Tuition Reserve $33,653

Miscellaneous $106,000

Tax Levy $14,941,270

State Aid $176,258

EdJobs (Federal Stimulus) $25,487

Total Revenue $16,637,869

TAX IMPACT INFORMATIONTAX IMPACT INFORMATION

Proposed Tax RateProposed Tax Rate

• Proposed Tax Rate General Fund ($.0364 increase) 92.49 cents per hundred dollars of assessed valuation $5,626.32 per year to the average taxpayer (assessed at $608,331)

• Proposed Tax Rate Debt Service Fund ($.0023 increase) 5.60 cents per hundred dollars of assessed valuation $340.67 per year to the average taxpayer (assessed at $608,331)

• Proposed Overall Tax Rate ($.0387 increase) 98.09 cents per hundred dollars of assessed valuation $5,966.99 per year to the average taxpayer (assessed at $608,331)

Tax Impact of Proposed BudgetTax Impact of Proposed Budget

Assessed Value

2011-12 Tax Increase

Quarterly Increase

Monthly Increase

$ 300,000 $ 114.72 $ 28.68 $ 9.56

$ 500,000 $ 191.19 $ 47.80 $ 15.93

$ 608,331 $ 235.66 $ 59.92 $ 19.64

$ 700,000 $ 267.67 $66.92 $ 22.31

$ 900,000 $ 344.15 $86.04 $ 28.68

Voter InformationVoter Information

• Voter Registration Deadline: April 6, 2011

• Mail-In Ballot Applications by mail: Deadline ~ April 20, 2011

• Mail-In Ballot Applications in person: Deadline ~ 3 P.M., April 26, 2011 (County Clerk’s Office)

School Election Wednesday, April 27, 2011

School Election Wednesday, April 27, 2011

• Polls Open from 2 to 9 PM

• Polling Location – Township Building

• School Budget and (3) School Board Members for a 3-year term Jennifer K. Cooke

Pramod N. Chivate

Kevin G. Fox

M. Evelyn Spann

VOTE!VOTE!

Wednesday, April 27, 2011

2- 9 PM Township Building