2020 – 2021 proposed budget - rihrhsd...19-20 total budget $ 60,030,863 less: turf and track...
TRANSCRIPT
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Ramapo Indian Hills Regional High School DistrictApril 27, 2020
2020 – 2021 Proposed Budget
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WHAT IS A SCHOOL DISTRICT BUDGET?HOW IS IT DEVELOPED?
▪A plan that balances the educational needs of the students with the needs of the taxpayers.
▪Budget developed by review of program needs:❖ Administration❖ NJDOE❖ Board of Education❖ Staff
▪Develop a plan to manage surplus and reserves, and comply with 2% cap.
▪Restrictions on budget transfers and administrative costs.▪Requires long-range planning for RIH.
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STUDENT PROGRAMS & SERVICES
Curriculum Renewal Plan
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STUDENT PROGRAMS & SERVICES
Supporting a Digital Learning Environment
1:1 Six YearsRIH Future Ready Schools PlanServices and Tools for the DLEProfessional Development
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BUDGET AT A GLANCE
● Proposed Budget reflects a 1.81% School Year tax increase
● $500,000 appropriated from Maintenance Reserve to Fund smaller building maintenance projects.
● The budget represents a decrease of ($1,671,707) million over the current budget but only due to the fact that the current budget includes a one-time appropriation of $3.1 million. The total 20-21 Net Budget has increased by $ 1,428,293 or 2.51%
● District has received additional State Aid of $297,090
● $480,000 will be provided to offset the local share of two capital projects.
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HIGH SCHOOLS
RAMA
POINDIAN HILLS
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Cost Saving Based on Per Pupil Cost = $4.75M Average District % Increase 20.42%Comparison is based on 46 Regional High School Districts RIH % Increase 17.15%
SOURCE-NJ TAXPAYERS GUIDE COMPARISON-2019 BUDGETARY COST PER PUPIL –TOTAL INDICATOR 1-State Median $18,070
2008-2009 2008-2009 2017-2018 2017-2018 $ Change % Change
District Per Pupil Cost Ranking Per Pupil Cost Ranking in Cost in Cost
Northern Highlands 15,005 34 18,289 29 $ 3,284 21.89%
Northern Valley 15,638 38 21,485 44 $ 5,847 37.39%
Pascack Valley 17,219 45 20,520 39 $ 3,301 19.17%
Ramapo Indian Hills 15,758 40 18,460 32 $ 2,702 17.15%
West Essex Regional 15,216 36 18,274 28 $ 3,058 20.10%
Hunterdon Central 14,741 31 16,639 20 $ 1,898 12.88%
No.Hunterdon -Voorhees 13,786 32 15,979 15 $ 2,193 15.91%
Monmouth Regional 16,758 44 20,544 40 $ 3,786 22.59%
West Morris Regional 13,861 20 15,857 13 $ 1,996 14.40%
Carlstadt-East Rutherford 17,424 46 21,388 43 $ 3,964 22.75%
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PRUDENT FISCAL MANAGEMENT
● Legal Debt Margin only 4.67% - $345 Million in borrowing capacity.
● Assigned the highest possible AAA long term bond rating from S&P for strong financial position and balanced operations.
● Issued long term debt (bonds) only once in the last 40 plus years.
● Received over $25M of construction related grants on $90 million worth of projects - 28%.
● Repeated recipient of the ASBO International Certificate of Excellence in Financial Reporting
● In the 10 years since the 2% cap has been in effect, the district has only exceeded the maximum tax levy cap once, to take advantage of a capital project with a 40% state share grant.
● The district has not spent over $20.4 million in available taxation authority since the enactment of the 2% cap.
● Improved efficiency over the years as evidenced by lower comparative cost per pupil ranking among regional high school districts as per NJ Taxpayer Guide - 40th to 32nd.
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19-20 Total Budget $ 60,030,863Less: Turf and Track Appropriation $ (3,100,000.0)19-20 “Net” Budget $ 56,930,863
Major Increases/Decreases (Rounded)Salaries- (Overall Increase 2.4%) $ 560,000
Instruction and Instructional Support Services $ 420,000Transportation $ 385,000Equipment $ 154,000
Facilities, Maintenance and Operations $ 141,000Employee Benefits $ (145,000)
Special Revenue/Entitlement Grants $ (66,000)Misc $ (21,000)Total Increases/(Decreases) $ 1,428,000
20-21 Proposed Budget $ 58,359,156
WHAT’S DRIVING THE BUDGET?-EXPENSES
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DescriptionBudget
2010-2011
Portion ofTotal
Budget
Proposed Budget
2020-2021
Portion ofTotal
Budget
Instruction 27,426,751 57.45% 33,440,987 57.30%
Transportation 2,089,710 4.38% 2,962,634 5.08%
Administration 3,605,011 7.55% 4,350,112 7.45%Maintenance & Operations 4,813,271 10.08% 5,682,923 9.74%
Employee Benefits 7,091,668 14.86% 8,940,900 15.32%Equipment/Capital Reserve 474,476 .99% 1,048,090 1.80%
Special Programs 504,357 1.06% 374,460 .64%
Debt Service 1,731,015 3.63% 1,559,050 2.67%
Total Budget 47,736,259 100.00% 58,359,156 100.00%
APPROPRIATIONS COMPARISON
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REVENUE - SOURCES OF FUNDS
Total Budget: $58,359,156
Balance Appropriated – $1,500,000
Federal Aid - $374,460
State Aid - $2,316,395
Tuition/Transportation - $172,183
Miscellaneous - $618,684
Local Taxes - $53,377,434
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2010-2011 % of Total 2020-2021 % of Total
Fund Balance 944,000 1.97% 1,000,000 1.71%Appropriated Reserves -0- % 500,000 .86%Federal Aid 504,357 1.06% 374,460 .64%State Aid -0- % 2,316,395 3.97%Tuition/Transportation 68,000 .14% 172,183 .30%Miscellaneous 365,000 .77% 618,684 1.06%Local Taxes 45,854,902 96.06% 53,377,434 91.46%
Total Budget $47,736,259 100% $58,359,156 100%Value of State Aid if funded at 10-11 levels N/AState Aid Entitlement Under SFRAShort-changed by $1 million -
$3,311,006
PROJECTED REVENUES 10 YEAR COMPARISON
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For 2020-2021, the District is continuing the need to invest in our facilities. $480,000 is budgeted for improvements pursuant to our Long Range Facilities Plan.
Total Est. Project Cost
IHHS Roof Recoat $ 350,000
IHHS/RHS Bathroom Upgrades $ 130,000
CAPITAL PROJECTS
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SUMMARY-PROPOSEDTotal Budget Increase/ % $ 1,428,293/ 2.51%
Total Tax Increase $ 948,129
Total Tax Increase Percentage 1.81%
Total Tax Increase Percentage 1.89%
Annual Impact for an Average Homeowner:
Franklin Lakes $ -79.76 $ 1,063,510
Oakland $ 65.03 $ 414,224
Wyckoff $ 72.24 $ 793,800
(School Year Basis)
(School Year Basis)
(Calendar Year Basis)
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Any Questions?
Email Address for budget questions:
QUESTIONS?
mailto:[email protected]
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Current Proposal Revised Proposal
Total Budget $58,359,156 $57,869,809
Budget Increase(Net of 3.1M Approp) 2.51% 1.65%
Total Tax Increase $948,129 -0-
School Year Tax Increase 1.81% 0%
Calendar Year Tax Increase 1.89% .97%
Annual Increase-Franklin Lakes (based on $1,063,510 assessment) $-79.76 $-122.30
Annual Increase-Oakland (based on $414,224 assessment) $65.03 $43.49
Annual Increase-Wyckoff (based on $793,800 assessment) $72.24 $40.48
ZZero Tax Increase-Tax Impact
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Salaries $559,519
Employee Benefits $ (144,800) Transportation $ 384,826
Curriculum Development $ 41,500
Textbooks Decrease -Transition to Digital Supplies $ (11,206)
Out of District Tuition and Related Services $ 392,746
Utilities/Cust./Maint. Contracted Svcs. $ 141,000
Equipment/Capital Projects $ (2,946,000) ( EXCLUDES PRIOR YEAR $ 3.1M FOR TURF & TRACK PROJECTS)Miscellaneous $ (14,749)
Debt Service $ (8,250)
Special Revenue-Entitlement Grants $ (66,293)
Total Expenditure Decrease $ (1,671,707)
Total Expenditure Inc. (Net of Turf & Track) $ 1,428,293
WHAT’S DRIVING THE BUDGET? EXPENSES
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John K
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COVID-19
▪ SCHOOLS SHUTTERED - TBD
▪ REMOTE LEARNING
▪ REMOTE OPERATIONS
▪ REDUCED OPERATING COSTS
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In light of the anticipated economic impact this pandemic will have on our community, the following changes to the tentative budget are proposed -
BUDGETARY CHANGES
● Reduce Medical Insurance $489,347 ● Appropriate funds generated
in current year into 20-21 $458,782
● Net result in Tax Savings $(948,129)
ZERO TAX INCREASE
Renewal came in at 0%
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2% CAP COMPLIANCE
▪The proposed budget reflects a spending increase of 2.51% and is $ 60,861 under cap. Prior year available banked cap is $1.194 million.
▪The District received an additional $297,090 in State Aid.▪The proposed budget is under the regional limit for administrative costs.
▪In the 10 years since the 2% cap has been in effect, the district has remained under the maximum tax levy cap 7 of those years and has only exceeded it once, to take advantage of a capital project with a 40% state share grant.
▪The district has not spent over 20.4 million in available taxation authority since the enactment of the 2% cap.
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SUMMARY- ZERO TAX INCREASETotal Budget Increase/ % $ 938,946/ 1.65%
Total Tax Increase -0-
Total Tax Increase Percentage 0%
Total Tax Increase Percentage .97%
Annual Impact for an Average Homeowner:
Franklin Lakes $ -122.30 $ 1,063,510 42.54 sav
Oakland $ 43.49 $ 414,224 21.54 sav
Wyckoff $ 40.48 $ 793,800 31.76 sav
(School Year Basis)
(School Year Basis)
(Calendar Year Basis)
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SAVINGS INITIATIVES
▪ Reverse auction for Electricity - savings of $15k.
▪ Reduction of one fte support staff member in ITC due to restructuring- $ 72,000
▪ Significant income - $ 365,000 from alternative revenue streams - Monopole. Automatic Annual Increases.
▪ Legal Debt Margin only 4.67% - $329 Million borrowing capacity.
▪ Pursuing Energy Savings Improvement Plan.(on hold)
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DISTRICT GOALS INCLUDED IN BUDGET
▪ School Safety & Security
▪ Student Programs/Services
▪ Capital Projects
▪ Fiscal Responsibility
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School Safety & Security
▪ FLOW Area Shared District Security Coordinator
▪ Upgrades to Door access and Camera System
▪ Implementation of Share911 Emergency Notification
▪ Student & Staff Training
▪ Table Top Drills
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Student Programs & Services
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2010-2011 % of Total 2020-2021 % of Total
Fund Balance % %Appropriated Reserves -0- % 0 %Federal Aid 513,528 % 3 %State Aid 2,202,944 % 5 %Tuition/Transportation 98,000 % 9 %Miscellaneous 312,350 % 8 %Local Taxes 43,950,671 % 55 %
Total Budget 48,588,935 100% 3 100%Value of State Aid if funded at 09-10 levels 3State Aid Entitlement Under SFRAShort-changed by $1.3 million -
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PROJECTED REVENUES – POST CAPITAL10 YEAR COMPARISON
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Description 2016-2017Budget
2017-2018Budget
2018-2019Budget
2019-2020 Budget
2020-2021 Budget
4 YearCumulative
Increase
Instruction 30,563,095 30,890,501 32,758,156 32,601,935 33,440,987 9.42%
APPROPRIATIONS CONTINUED
Transportation 2,122,924 2,152,792 2,356,847 2,577,808 2,962,634 39.55%
Administration
3,995,690 3,956,941 4,088,928 4,306,354 4,350,112 8.87%
Maintenance & Operations 5,297,362 5,565,947 5,687,960 5,555,923 5,682,923 7.28%
Employee Benefits 8,016,200 7,661,200 8,367,750 9,085,700 8,940,900 11.54%
Equipment/ Capital/Reserve 1,825,590 2,596,116 756,090 795,090 1,048,090 -42.59%
Special Programs 498,910 466,477 503,210 440,753 374,460 -24.94%
Debt Service 1,681,050 1,582,050 1,564,800 1,567,300 1,559,050 -7.26%
Total Budget 54,000,821 54,872,024 56,083,741 56,930,863 58,359,156 8.07%
Average Increase Per Year 1.96%
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SHARED SERVICES THAT SAVE OUR DISTRICT MONEY
▪ NJACES – Purchase of Natural Gas
▪ Joint Insurance for Property/Worker’s Comp (NESBIG)
▪ Providing food services for Franklin Lakes K-8
▪ Purchase Fuel with Borough of Franklin Lakes
▪ Cooperative Purchasing (ESCNJ, Ed Data, PePPm)
▪ Transportation jointure agreements (Region I, HCESC)
▪ Security Coordinator Shared with FLOW Region
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Student Programs/Services
▪ Wellness Initiative
▪ Curriculum Evaluation and Revisions
▪ Dual Enrollment
▪ FLOW K-8 Articulation
▪ Upcoming Projects