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2007 – 2008 Budget Process

2007 – 2008 Budget Process. The 2007-2008 budget was developed through administrative review by the Superintendent, out Business Administrator, and our Finance Committee. This is the first review with the entire board The process includes: Finance Committee Review

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2007 – 2008 Budget Process

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  1. 2007 – 2008 Budget Process • The 2007-2008 budget was developed through administrative review by the Superintendent, out Business Administrator, and our Finance Committee. • This is the first review with the entire board • The process includes: • Finance Committee Review • Budget Review meetings with all Building Principals • Special Education Review with Director • Athletic Budget Review with Athletic Director • Public Presentations at Board of Education Meetings on March 8, March 22, and March 26 • Presentations at Haddonfield School District PTA Meetings • The Official Public Board Presentation will be Monday March 26 • Public Hearing on Budget – Begins Tonight – Culminates on Tuesday April 17th • Board will vote tonight on a preliminary budget that goes to the Camden County Superintendent • School Board Election & Budget Approval – Tuesday, April 17th.

  2. The 2007 – 2008 Bottom Line: • Operating Expenses = $30,108,538 • $1,203,189 (4.16%) Increase Over Last Year • Last Year was ($1,472,103 = 5.332% increase) • Debt Service = $2,026,850 • $48,320(2.44%) Increase Over Last Year • Last year was ($537,587 = 37.3% increase) • Total Budget Increase (includes debt service) = $1,251,509 ~ 4.05% • Last Year was (6.9% increase) • State Aid = $1,610,445 • 3 % increase over last year – which amounts to $46,906 – first increase in five years • Last Year was ($1,563,539 ) • BOTTOM LINE (Local Tax Share) = $29,600,727 = over 92% of budget $1,255,420 = 3.61% tax increase • Last Year was $1,490,657 = 5.8% tax increase

  3. Major Impacts on 2007 – 2008 Budget • Known major impacts: • New HEA contract has major impact on our budget – both in terms of salary increases and positive major changes in health benefits representing substantial long-term savings… • Health Benefit costs continue to escalate, but the new contract will help us in the long-term. • Some Fund Balance surplus is used in 2007-08 budget, and funding will have to be found to rebuild this fund in the future. • Debt service increase was only $48,320 this year (2.44%)– compared to $537,587 (37.3%) last year. This is a substantial improvement. • Energy costs remain high, but less than expected. • Some Still Current Unknowns • There are many legislative changes pending, and details are yet to be worked out.

  4. Budget Is Driven by Salaries and Benefits

  5. New Educational Initiatives • We will maintain our elementary class size • We will have one additional elementary teacher added for Tatem Elementary School to maintain our class size in grades K-5. • The position will be added in 5th grade where we currently have two teachers – and we will have approximately 61 students next year. • This additional position will maintain our elementary overall class size at 20.37 students per class.

  6. New Educational Initiatives • We will expand our HMHS art program • We will add an additional half-time (0.5) art teacher added for Haddonfield Memorial High School students. • This new position will provide additional fine art electives for our Haddonfield Memorial High School program, which will help our students meet New Jersey graduation requirements. • This part-time teacher will be placed in our new art room at Haddonfield Memorial High School.

  7. New Educational Initiatives • We will implement a new elementary world language program - FLES • We will implement a world language program for our elementary students. This will begin in 2007-2008. • This new position will provide a fluency-based program for two elementary grades next school year. • We are hoping to expand this program through our elementary grades in future years.

  8. Cost of New Educational Initiatives

  9. Cost Saving Initiatives

  10. Continue New Revenues for 07-08

  11. Where the Money Goes - Programs

  12. Where the Money Goes - Expenses

  13. Our Debt Service Through 2010 - 2011

  14. Elementary Class Enrollment

  15. Historical Elementary Enrollment

  16. Revenues: Where do we get our funds?

  17. 2nd Question - What is it? • We do NOT have a second question this year.

  18. Haddonfield School District 2007–08 • What is our budget and its impact? ----------------------------------------------------------- • Proposed Budget - 3.61% School Tax Increase • Averaged Assessment of $220,000 = $218.32 Tax Increase • School Tax Increases $218 from $6,052 to $6,270

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