Somerdale Board of Education School Budget 2014-2015

Dr. Dennis M. Vespe, Superintendent

Ms. Melissa Engelhardt, Business AdministratorMr. James Walsh, Somerdale BOE President Mr. Russel Dunnings , Finance Chairperson

Budget Notables:Budget Notables: TAX LEVY CAP = $4,289,163TAX LEVY CAP = $4,289,163

EXTRA ORDINARY EXPENSESEXTRA ORDINARY EXPENSESTechnology Initiative & Media Center Phase II – $197,616Technology Initiative & Media Center Phase II – $197,616New Reading Language Art Series - $94,294New Reading Language Art Series - $94,294Outside special education placement and related services – $187,991Outside special education placement and related services – $187,991Facility Upgrades (LED & HVAC panels) – $48,400 (LED cost $18,500 for 5 yrs.)Facility Upgrades (LED & HVAC panels) – $48,400 (LED cost $18,500 for 5 yrs.)

POSITIVESPOSITIVESReceived $112,767 of additional state aidsReceived $112,767 of additional state aidsOnly utilized $4,082,973 of our tax levy cap leaving $370,380 in banked cap.Only utilized $4,082,973 of our tax levy cap leaving $370,380 in banked cap.Continued maintenance and custodial shared services with the municipality to maintain fiscal Continued maintenance and custodial shared services with the municipality to maintain fiscal responsibility.responsibility.

SUMMARYSUMMARYOn the average assessed home of $136,000 there will be a $100 tax increase for the yearOn the average assessed home of $136,000 there will be a $100 tax increase for the yearAdding a full time PE teacher and two full time child study team membersAdding a full time PE teacher and two full time child study team membersAll sports programs and clubs have been maintainedAll sports programs and clubs have been maintainedFacility and Technology upgradesFacility and Technology upgrades

No program cuts No program cuts

Curricular Programs and Instruction Curricular Programs and Instruction 2014 - 15 ENROLLMENT PROJECTIONS2014 - 15 ENROLLMENT PROJECTIONS

{{Does not include Retentions, Withdrawals, Home Bound, Home Schooled, or Out-of-District Students}Does not include Retentions, Withdrawals, Home Bound, Home Schooled, or Out-of-District Students}Total Enrollments include Special Ed and Choice StudentsTotal Enrollments include Special Ed and Choice Students

Student count based on 10/15/13 ASSA enrollment. Student count based on 10/15/13 ASSA enrollment.

GradeGrade # Classes# Classes EnrollmentEnrollmentPSPS (2)^(2)^ 29* 29* PSDPSD (1)^(1)^ 2*2*KK (3)^(3)^ 52*52*Gr. 1Gr. 1 (3)(3) 5656 Gr. 2Gr. 2 (3)(3) 6262Gr. 3Gr. 3 (3)(3) 4646Gr. 4Gr. 4 (3)(3) 51 51 Gr. 5Gr. 5 (3)(3) 4545 Gr. 6Gr. 6 (3)(3) 55 55 Gr. 7Gr. 7 (3)(3) 66 66 Gr. 8Gr. 8 (3)(3) 60 60

TotalTotal (30)^(30)^ 524*524*

*Pre-School and Kindergarten Registrations Currently Underway. *Pre-School and Kindergarten Registrations Currently Underway. ^Sections dependent upon enrollment ^Sections dependent upon enrollment

Move from Story town to Pearson Reading Streets ELA series grades K-5Move from Story town to Pearson Reading Streets ELA series grades K-5 Start the GRAD POINT differentiations instruction initiative with tabletsStart the GRAD POINT differentiations instruction initiative with tablets Maintain all curricular “specials” with expansion to some “specials” (TBD)Maintain all curricular “specials” with expansion to some “specials” (TBD) Grades 3-8 will have one to one student – tablet ratioGrades 3-8 will have one to one student – tablet ratio Upgrade of Technology both classroom instruction and infrastructure for the Upgrade of Technology both classroom instruction and infrastructure for the

entire campusentire campus

- Continue student tablet initiative- Continue student tablet initiative

- Utilizing campus with the private sector- Utilizing campus with the private sector

- Enhanced Website- Enhanced Website >>Interactive formsInteractive forms

> > Pod CastingPod Casting

>Instructional links>Instructional links

> Video Lessons> Video Lessons

> On-line curriculum> On-line curriculum

- Phase II of district’s TV studio/video technology initiative- Phase II of district’s TV studio/video technology initiative

Curricular Programs and Instruction Continued Curricular Programs and Instruction Continued

Curricular Programs and Instruction Continued Curricular Programs and Instruction Continued

– Expand CST Services .Expand CST Services .

– Continue to expand our Wilson Reading Certified StaffContinue to expand our Wilson Reading Certified Staff

– Continuation of PSD Extended Year Program & the Fundations Continuation of PSD Extended Year Program & the Fundations / Wilson Summer School Reading Program./ Wilson Summer School Reading Program.

Extra Curricular ActivitiesExtra Curricular Activities– All Sports programs have been maintainedAll Sports programs have been maintained

• Year 2 for the Camden County Elementary League 2013-2014Year 2 for the Camden County Elementary League 2013-2014

– All Current clubs maintainedAll Current clubs maintained

-- Entire campus received a wireless upgrade Entire campus received a wireless upgrade-Entire campus is air conditioned-Entire campus is air conditioned-Continue to replacement/upgrade the security cameras both -Continue to replacement/upgrade the security cameras both inside and outside the building.inside and outside the building.

-Begin the process for upgrading the drainage system-Begin the process for upgrading the drainage system-Continue to work with the Municipality to use shared services-Continue to work with the Municipality to use shared services

• Maintenance and IT shared serviceMaintenance and IT shared service• Solar projectSolar project• LED ProjectLED Project

Facility Facility

Somerdale School District Somerdale School District 2014-2015 Budget2014-2015 Budget

FactsFacts

FiguresFigures

RevenuesRevenues

ExpendituresExpenditures

Where does the

money come from?

GO Cavs

GO Cavs

2014-2015 Budget Revenue

$7,961,824

Where does all the money go?

2014-2015 Budget Expenditures

$7,961,824

Expenditure Breakdown

Instruction $3,205,132 40.3%School Sponsored Athletics/Extra Curriculum $ 66,379 0.8%Tuition Out $ 128,038 1.6%Support Services Student Related $ 740,769 9.3%General Administration $ 316,311 4.0%School Administration $ 61,861 0.8%Central Services $ 154,566 1.9%Technology $ 129,677 1.6%Operations & Maintenance $ 611,279 7.7%Student Transportation $ 111,762 1.4%Employee Benefits $1,658,337 20.8%Capital Outlay $ 128,911 1.6%Special Revenue $ 341,495 4.3%Debt Service $ 307,307 3.9%

Totals $7,961,824 100.0%

TAX SPREADSHEET BASED ON HOMES VALUED IN SOMERDALE

2014 2013

Home Value Total   Home Value Total    Annual Increase

Monthly Increase

Weekly Increase

76,103 1,002.00   98,836 1,052.84   (50.84) (4.24) (0.98)

86,103 1,133.66   108,836 1,159.36   (25.70) (2.14) (0.49)

96,103 1,265.32   118,836 1,265.88   (0.56) (0.05) (0.01)

106,103 1,396.99   128,836 1,372.41   24.58 2.05 0.47

116,103 1,528.65   138,836 1,478.93   49.72 4.14 0.96

126,103 1,660.31   148,836 1,585.45   74.86 6.24 1.44

136,103 1,791.97

   

158,836 1,691.97

   

100.00 8.33 1.92 Average Residential

Assessment

146,103 1,923.64   168,836 1,798.50   125.14 10.43 2.41

156,103 2,055.30   178,836 1,905.02   150.28 12.52 2.89

166,103 2,186.96   188,836 2,011.54   175.42 14.62 3.37

176,103 2,318.62   198,836 2,118.07   200.56 16.71 3.86

186,103 2,450.29   208,836 2,224.59   225.70 18.81 4.34

196,103 2,581.95   218,836 2,331.11   250.84 20.90 4.82

206,103 2,713.61   228,836 2,437.64   275.98 23.00 5.31

216,103 2,845.28   238,836 2,544.16   301.12 25.09 5.79

226,103 2,976.94   248,836 2,650.68   326.26 27.19 6.27

GO CAVS!

THANK YOU - AND AS ALWAYS