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THIRD BUDGET PRESENTATION

THIRD BUDGET PRESENTATION. WORK SESSION: HADDONFIELD BOARD OF EDUCATION February 7, 2008. DEVELOPMENT PARAMETERS. Show efficiencies Be realistic Be transparent Improve the delivery of instruction Grow district initiatives

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THIRD BUDGET PRESENTATION

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  1. THIRD BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION February 7, 2008

  2. DEVELOPMENT PARAMETERS • Show efficiencies • Be realistic • Be transparent • Improve the delivery of instruction • Grow district initiatives • Support the professional development of the faculty to meet the learning needs of the students

  3. 2008-2009 BUDGET THE PROPOSED BUDGET FOR 2008-2009

  4. 2008-2009 BUDGET EXPENDITURES

  5. REQUESTS AND OUTCOMES • Central School – Additional Teacher -- denied • Tatem School – Additional Teacher – denied • Special Education – 1.5 Additional Teachers – denied

  6. REQUESTS AND OUTCOMES • Technology – approved $50,000 – amount requested $321,000 • District – World Language Teacher K to 2 – denied – implement alternate program

  7. 2008-2009 BUDGET BUDGET REDUCTIONS • K-12 Teachers: 2007-2008 Budget $ 9,951,250 2008-2009 Proposed $ 9,922,650 Reduction over last year $ 28,600

  8. 2008-2009 BUDGET BUDGET REDUCTIONS • Substitute Costs: 2007-08 Budget $214,700 2008-2009 Proposed $192,760 Reduction $ 21,940

  9. 2008-2009 BUDGET BUDGET REDUCTIONS • Home Instruction: Reduction of $10,000 or 16.67%

  10. 2008-2009 BUDGET BUDGET REDUCTIONS • Administrative Costs – breakage of 1.54% or $33,755 from where we are this school year

  11. 2008-2009 BUDGET BUDGET REDUCTIONS • Utilities and Gas – the 2008- 2009 budget is less than our actual usage in 2006 – 2007!

  12. 2008-2009 BUDGET BUDGET REDUCTIONS • Special Education Transportation – Less than our actual costs in 2006-2007! (Bus route efficiencies)

  13. 2008-2009 BUDGET BUDGET REDUCTIONS • Supplies – Reduced the budget between 2006-07 to 2007-08 by $114,375. Proposing a further reduction of $16,700 for the 2008-09 school year.

  14. 2008-2009 BUDGET BUDGET REDUCTIONS • Shopping our health benefits plan – Saved $125,000 last year which is being put into the 2008-09 budget.

  15. RETIREE SAVINGSas of January 10, 2008

  16. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE

  17. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE Budgeted all Extraordinary Aid

  18. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE Increased our tuition income by 10.54%

  19. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE Increased our interest income by 11% (Based on historical review)

  20. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE Increase our usage of fund balance by 138% (still within the 2% state guidelines)

  21. 2008-2009 BUDGET REDUCING THE TAX IMPACT BY INCREASING REVENUE Total additional savings to taxpayer: $244,592

  22. 2008-2009 BUDGET BOTTOM LINE REVENUE INCREASES $ 244,592 SAVINGS OVER THIS YEAR $ 283,373

  23. 2008-2009 BUDGET RECOMMENDED REDUCTIONS • Educational Assistant Reduction (23%) 98,250 • Substitute Teacher Reduction (10%) 21,940 • Supplies Decrease (3%) 16,700 • Athletic Program Reduction (5%) 28,650 • Extracurricular reduction (5%) 16,800 • TOTAL REDUCTIONS $182,340

  24. 2008-2009 BUDGET BUDGET REDUCTIONS AND ADDED INCOME TO DATE $ 710,305

  25. 2008-2009 BUDGET PROPOSAL

  26. 2008-2009 BUDGET PROPOSAL

  27. 2008-2009 BUDGET PROPOSAL COMPARISON REVENUE TO APPROPRIATIONS Revenue $31,339,338 Appropriations $31,339,338 Difference $ 0.00

  28. 2008-2009 BUDGET PROPOSAL TAX LEVY 2007-2008 -- $1.3211 2008-2009 -- $1.3532 Increase of 2.43%

  29. THOUGHTS This is a good budget • We have searched and added all revenue sources • We have implemented cost savings and budget reductions

  30. THOUGHTS PROVIDING A QUALITY EDUCATION AT A BELOW MARKET PRICE

  31. TOP I AND J DISTRICTS

  32. TOP I and J DISTRICTS

  33. LOCAL DISTRICTS

  34. QUESTIONS?

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