PROPOSED BUDGET 2010-2011

HOBOKEN PUBLIC SCHOOLS

FEBRUARY 9, 2010

Hoboken Public SchoolsOFFICE OF THE SUPERINTENDENT1115 Clinton Street .:- Hoboken, NJ 07030 (201) 356-3601 Fax: (201) 356-3641

Peter E. CarterInterim Superintendent of Schoolspcarter@hoboken.k12.nj.us

February 1, 2010

Members of the Hoboken Board of Education:

It is with pleasure that I submit to you the initial draft of the proposed 2010-2011 school districtbudget in the amount of $59,762,551, a reduction of$2,250,642 or 4% below the current budgetof $62,013,193. This budget was prepared consistent with the board's adopted budget goal ofreducing taxes without impairing the educational program and provides for a reduction in localproperty taxes for the next fiscal year.

This document is presented in three parts: first, an executive summary for easy reference to majorbudget items; second, a detailed budget reflecting the revenues and expenditures for the lastaudited fiscal year (actual), the current fiscal year (budgeted) and the next fiscal year (proposed);and third, detailed information with regard to historical trends in taxes, spending, revenues,staffing, pupil-teacher ratios, salary guides and other pertinent financial data. It summarizes thebudget by object of expense, by program, by source of revenue and by staffing patterns. It alsohighlights the maj or reasons for the budget decrease.

The budget makes the following assumptions:

1) A desire to reduce the local property tax levy-2) Maximum use of available fund balances3) Reduction of five staff positions through attrition4) Continuing all current educational programs5) Fewer dollars from state and federal grants6) A zero inflation economy7) 8th grade relocating to Hoboken High School8) Connors program relocated to Demarest School during renovations9) Sufficient funds to provide for negotiated contract increases10) Flat state funding for general formula aid

I recommend that the board engage in careful deliberations with respect to this proposal andprepare alternative funding plans pending the receipt of state aid figures in mid March. Theadministration hopes that the board finds this document useful and helpful to those deliberations.We will be pleased to respond to questions from the board and the public at the appropriatemeetings and will keep the board updated on all new budgetary information as it is received fromthe state and other agencies.

Ve.2ztruly yo~ r--/~F~Mr. Peter E. CarterSuperintendent of Schools

1Where Students Come First

BUDGET SUMMARY

Total Budget 2010-20112009-2010$ decrease0/0 decrease

Local Tax Levy 2010-20112009-2010$ decrease0/0 decrease

Staffing 2010-20112009-2010# decrease0/0 decrease

$ 59,762,551$ (62,013,193)$ (2,250,642)

-40/0

$ 36,761,743$ (36,764,796)$ (3,053)

- <10/0

461(46§)

(5)-10/0

NON PROPERTY TAX REVENUES

Basic State Aid 2010-20112009-2010$ inc/(dec)% inc/(dec)

$ 9,399,671$ (9,399,671)$

0%

Balance Appropriated 2010-20112009-2010$ increase% increase

$ 2,214,919$ (1,414,324)

$ 800,59557%

MAJOR BUDGET INCREASES & DECREASESBUDGET CATEGORY AMOUNT INCREASE/(DECREASE)negotiated salary increases with employee associations $ 1,183,516

% from major categories

$ 596,870

$ 11,432

$ (71,129)

$ (154,964)

$ (305,826)

$ (625,599)

J (2,866,559}$ (2,232,259)

$ (2,250,642)

99%

increase in employee benefits

increase in out of district tuition

reduced supply purchases

reduced purchased services

eliminate food service deficit

5 staff reductions through attrition & retirements

reduction in state & federal grantsnet total of decreases

total budget decrease

Revenue by Source 2010-2011 Local, State, and Federal by Percent

Total State29% _

Other Local _

5%~

Total Federal

4%~

~

Tax Levy62%

/

Budget by Objective of Expense 2010-2011 by Percent

Debt Service<1%

Charter & Non-PublicSchools8\Equipment

<1%

Supplies4%

PurchasedServices ~15% ~

Salary & B/5% eneflts

ContractedServices -7%

Budget by Program 2010-2011 by Percent

~

Non- Instructional28%

~

Administrative _Support _

8%

CharterSchools7%

InstructionalPrograms49%

/

Staff by Category 2010-2011 by PercentTechniciansSecurityBus Drivers16%

Classroom Teachers/%Custodial/Maintenance11 ex

0 _

Secretarial/Clerical6% --------------------

Professional Staff9%

Administrators /4%

Classroom Aides12%