Greenwich Township School District

Proposed Budget

2011-2012Public Hearing: March 28, 2011

Agenda

This presentation provides an overview of our financial expectations for the 2011-2012 school year.

The intention of this budget is to provide curriculum and instruction which will enable all students to achieve the Core Curriculum Standards and implement the proposed planning process as described in the District’s Annual Report.

Superintendent’s Comments

Budget Goals

Total Budget

Revenues

Expenditures

2011-2012 State Aid Summary

2010-2011 vs. 2011-2012

Local Tax Levy Analysis

Ratables

Budget Highlights for 2011-2012

Cost Saving Measures

2011-2012 Budget Goals

• Continued emphasis on curriculum and instruction toward enhancing student achievement. The District has planned for the purchase of additional textbooks, maintaining the current level of classroom supplies, and continued technology purchases.

• Continued emphasis on the use of technology toward enhancing student achievement. The proposed budget includes plans to maintain educational programs and updating current technology.

• Continued emphasis on staff development toward enhancing student achievement. Full day sessions for staff development are planned for 2011-2012.

• Continued emphasis on providing a safe and secure learning environment toward enhancing student achievement. The district has continued to make a commitment in the amounts budgeted in maintenance for both buildings.

2011-2012 Total Budget

General Fund: $11,768,328

Special Revenue Funds:

FEDERAL: No Child Left Behind (NCLB) Title I Part A, Title II Part A & D, IDEA Part B Basic & Preschool

$ 254,468 STATE: Nonpublic Entitlements (Textbooks, Basic Skills, Speech, and Nursing)

$ 103,395 Total Special Revenue:

$ 357,863

TOTAL BUDGET $12,126,191

2011-2012 Revenues

Tax Levy: $ 9,965,605 84.7%

State Aid: $ 1,070,237 9.1% Budgeted Fund Balance: $ 470,796 4.0% Other Revenues: $ 261,690 2.2%

General Fund Budget: $ 11,768,328 100%

2011-2012 Revenues:Where the money comes from.

State Aid9.1%

Tax Levy84.7%

Other Revenues2.2%

Fund Balance4.0%

5 Year General Fund Revenue Analysis

2007-08 % Diff.

2008-09 % Diff.

2009-10 % Diff.

2010-11 % Diff.

2011-12

General Fund:

$11,123,203 3.74% $11,540,581 -4.55% $11,015,050 4.2% $11,477,152 2.5% $11,768,328

Tax Levy: $8,685,673 4.0% $9,033,100 4.0% $9,394,424 4.0% $9,770,201 2.0% $9,965,605

State Aid: $1,490,186 4.1% $1,552,224 -2.55% $1,512,648 -36.5% $960,086 11.5% $1,070,237

Budgeted Fund

Balance:

$853,034 2.07% $870,614 *% $0 *% $529,754 -11.1% $470,796

Other Revenues:

$94,310 -10.25% $84,643 27.57% $107,978 101.6% $217,111 20.5% $261,690

2011-2012 Expenditures• Instructional Cost

• Employee Benefits

• Support Costs

• Maintenance/Operation

• Administrative/Business

• Transportation

• Capital Outlay

GENERAL FUND BUDGET

$5,861,077 49.8%

$2,225,153 18.9%

$1,202,880 10.2%

$1,201,754 10.2%

$ 611,405 5.2%

$ 632,434 5.4%

$ 33,625 .30%

$11,768,328 100%

2011-2012 Expenditures:How the money is spent.

5.4%

10.2%

5.2%

10.2%

18.9%

49.8%

.3%0% Instruction

Benefits

Maint/Op

Admin/Bus

Support

Transport.

Food Service

Cap. Outlay

2011-2012 STATE AID SUMMARYAmount Percent

Changefrom 2010-

2011

• Adjustment Aid $402,491 37.6%

• Categorical Special Education Aid $320,808 0%

• Categorical Transportation Aid $269,406 0%

• Categorical Security Aid $ 77,532 0%

• OVERALL CHANGE IN AID $110,151 +37.6%

2010-2011 vs. 2011-2012

2010-2011 Budget

$11,477,152

vs.

2011-2012 Budget

$11,768,328

INCREASE of $291,176

or 2.5%

Historical Trend of Tax ImpactSchool Year Total Tax Rate School Tax Rate % of Total Tax Assessed Value

2011-12 ? 1.505 ?% $655,710,713

2010-11 3.882 1.555 40.1% $615,888,016

2009-10 3.705 1.465 39.5% $628,876,796

2008-09 3.436 1.366 39.8% $648,346,517

2007-08 3.488 1.385 39.7% $615,649,387

2006-07 3.292 1.310 39.8% $635,671,589

2005-06 3.326 1.373 41.3% $588,372,774

2004-05 3.03 1.325 43.7% $593,340,061

2003-04 2.87 1.22 42.5% $622,504,474

2002-03 2.72 1.13 41.5% $619,191,146

Your 2010 General Tax Breakdown

Tax %Rate

County .906 23.4%

Co. Library .072 1.85%

Open Space .072 1.85%

Dist. School 1.555 40.0%

Local 1.277 32.90%

Total $3.882 100%

County

Library

Open Sp.

School

Local

Proposed Budget Overview 2009-2010

As of 2010, the Greenwich Twp. School District HAS THE SEVENTH LOWEST*

school tax rate in the county!

School Tax Bill Comparison between 2010 and 2011

School Year School Tax Levy Total 2011

School Tax Levy

2010-2011 $9,770,201 1/2 $4,885,100.50

2011-2012 $9,965,605 1/2 $4,982,802.50

$9,867,903.00

2011 Net Valuation Taxable = $655,710,713

2010 School Tax Rate = $1.555

2011 Proposed School Tax Rate = $1.505 -5.0 cents

LOCAL TAX LEVY2000-2001 Tax Levy

2001-2002 Tax Levy

2002-2003 Tax Levy

2003-2004 Tax Levy

2004-2005 Tax Levy

2005-2006 Tax Levy

2006-2007 Tax Levy

2007-2008 Tax Levy

2008- 2009 Tax Levy

2009-2010 Tax Levy

2010-2011 Tax Levy

2011-2012 Tax Levy

Average Increase

$6,530,557

$6,607,888

$7,342,932

$7,851,103

$7,873,033

$8,287,803

$8,376,849

$8,685,673

$9,033,100

$9,394,424

$9,770,201

$9,965,605

$286,254

RATABLES

2002-2003 Assessed Value

2003-2004 Assessed Value

2004-2005 Assessed Value

2005-2006 Assessed Value

2006-2007 Assessed Value

2007-2008 Assessed Value

2008-2009 Assessed Value

2009-2010 Assessed Value

2010-2011 Assessed Value

2011-2012 Assessed Value

For 2011-2012, a penny is equal to:

$619,191,146

$622,504,474

$593,340,061

$588,372,774

$635,671,589

$615,649,387

$648,346,517

$628,876,796

$615,888,016

$655,710,713

$65,571

RATABLES(CONTINUED)

• If ratables remained the same as in 2010, the overall impact would be a 4.70 cent increase. ($1.555 to $1.602)

• With the increase in ratables of $39,822,697 the overall impact is a DECREASE of 5.0 cents. ($1.555 to $1.505). Last year there was a tax increase of 9.07 cents.

Budget Highlights 2011-2012

• Maintain Full Day Kindergarten.• Continue to provide field trip experiences to grades Pre-K to eight.• Maintain class size within State recommended levels in grades

kindergarten through eight as per NJQSAC.• Maintain academic and extra-curricular activities.• Maintain district-wide technology capabilities.• Emphasis on curriculum and instruction through purchases and staff

development.• Medical plan increase of 20%.• Rx plan increase of 19%.• Dental plan increase of 5%.• No increase on Property/Liability insurance.• 100% PERS obligation estimated in the amount of $170,000.• Increases in special education tuition and associated costs.• Continue to provide courtesy bussing.• Continue to provide maintenance in both buildings above what is

required as per N.J.A.C. 6:24. • Energy cost increases to operate both buildings.

District Wide Cost Savings Measures• Township provides at no cost: water/sewer, trash removal and recycling services

and are continually pursuing additional shared services.• The school district and the municipality have shared-service agreement for

diesel and gasoline for all district vehicles along with electrician services.• Greenwich Twp. School District takes part in the following consortiums to

achieve significant savings for the district:– Electricity and Natural Gas- ACES Program– Purchasing of Xerox paper through Pittsgrove Consortium– Telecommunications-ACT Program– Federal E-rate telecommunications– Jointures on transportation with Gateway.– Services provided to Paulsboro, East Greenwich, Mantua, and South

Harrison Twp. for special education students.• The district participates in shared programs with GCSSSD:

– Non-public grant administration programs for textbooks, and nursing services.

– Occupational and physical therapy services. – Transportation for GCIT and special education students.

Annual School Election

April 27, 2011

4:00 p.m. - 9:00 p.m.

Nehaunsey Middle School Gymnasium