Rutherford Public Schools

BUDGET PRESENTATION

2008-2009

September 10, 2007 Review proposed budget preparation timeline and budget parameters with Board of Education

October 11, 2007 Budget training on Excel sheets for all secretaries and other budget personnel. After completion of training, data entry will be allowed

November 5, 2007 Review with BOE facilities and capital improvements proposals

November 12, 2007 Review with BOE personnel and staffing levels proposals

November 15, 2007 Excel sheets for each line item due in the Board Office for review

November 19, 2007 Board Office Administrators Meeting to go over current financial status and preliminary Excel sheets

December 3, 2007 Review with BOE curricular initiatives/program proposals

January 3, 2008 Preliminary budget package ready for Board

January 14, 2008 Proposed Budget Review to Board

February 4, 2008 Continued review of proposed budget

February 8, 2008 Anticipated receipt of state aid revenues and review of all budget issues including proposed tax levy

March 3, 2008 Adoption of 2008-2009 budget to be submitted to County Office

March 6, 2008 Submission of total budget package from the DOENET software to the County Superintendent’s office

March 24, 2008 Public Hearing (18A:22-10, amended) on 2008-2009 Budget

April 15, 2008 Annual School Election

Budget Timetable

2415

2485

2470

2513 2511

2549

2300

2350

2400

2450

2500

2550

2600

2003 2004 2005 2006 2007 2008 Proj.

Enrollment Trends

Ongoing

• Maintains existing programs and staffing levels for almost 2,600 students

• Continues the review of existing programs and services

• Provides for the mandates of a thorough and efficient education as required by state law, regulations, administrative code and federal law

• Retains the level of program that defines the schools that Rutherford citizens expect for the children of the community

Mandates / T & E / State Regulations Federal Law

• Core Curriculum Content Standards– Annual Review of Curriculum – Professional Development Activities– New Texts and Materials– Test Preparation Workshops

Mandates / T & E / State Regulations Federal Law

Individuals with Disabilities Education Act• School Based Child Study Teams• In-District Pre-School Program• High School Transition Program• Mandated Services• Least Restrictive Environment• Full Continuum of Services

Mandates / T & E / State Regulations Federal Law

No Child Left Behind• Most Challenging Programs• Testing at Multiple Grades• Highly Qualified Teachers• Remedial Programs

Rutherford High SchoolPost Secondary Plans – Class of 2007

• 2/4 Year College 91%

• Technical/Trade Schools 6%

• Employment 3%

SATsClass of 2007

Critical Reading

Math Writing % Taking Test

RHS 507 529 493 94.7%

New Jersey

495 510 494 82%

National 502 515 494 48%

Community Expectations

• Interscholastic Athletics• Extra-Curricular and Co-Curricular

Activities• Multi-Level Classes

• Advanced Placement• Honors

• TV Studio and Media Production• Computer Technology

Community Expectations

• Child Care & Development• Family/Consumer Sciences• Drama/Journalism• Vocal & Instructional Music Lessons• Project Adventure – Physical Education

Community Expectations

• Business Education Courses• Current Textbooks and Adequate

Supplies• Reasonable Class Sizes at Elementary

Level• Elementary Instrumental Music Lessons

Community Expectations

• Elementary Science Specialist• Elementary Swimming• Student Assistance Counselors• Student Body Activities

Community Expectations

• Community Pool Program Managed by YMCA

• Community Weekend Recreation Use of School Facilities

• In-House Transportation Services• In-House Maintenance Department

2008-2009 Analysis of Major Budget Areas (General Fund)

Current Proposed Increase Percent of Budget Budget or 2008-2009

2007-2008 2008-2009 Decrease Budget

SALARIES (EXCLUDING ATHLETICS & ACTIVITIES) $21,250,790 $22,116,639 $865,849 58.92%

EMPLOYEE BENEFITS $5,275,127 $5,848,861 $573,734 15.58%

CLASSROOM SUPPLIES, MATERIALS, TEXTBOOKS $804,169 $765,747 ($38,422) 2.04%

STUDENT BODY ACTIVITIES & ATHLETICS $677,231 $709,688 $32,457 1.89%

TRANSPORTATION COSTS $595,500 $622,950 $27,450 1.66%

PROPERTY & LIABILITY INSURANCE $132,750 $132,750 $0 0.35%

OPERATIONS AND MAINTENANCE COSTS $970,288 $732,688 ($237,600) 1.95%

ENERGY COSTS $913,952 $979,740 $65,788 2.61%

OUTSIDE TUITION COSTS $2,559,409 $2,729,033 $169,624 7.27%

OTHER COSTS - INSTRUCTION $414,106 $444,709 $30,603 1.18%

LEGAL & OTHER PROFESSIONAL SERVICES $92,950 $96,000 $3,050 0.26%

OTHER COSTS - ADMIN $845,117 $737,410 ($107,707) 1.96%

CAPITAL OUTLAY & EQUIPMENT $452,704 $55,000 ($397,704) 0.15%

DEBT SERVICE COSTS $1,844,638 $1,572,720 ($271,918) 4.18%

TOTALS: $36,828,731 $37,543,935 $715,204 100.00%

Fiscal Year Tax Increase

• Total Increase of $537,428

• Percentage increase of 1.6%

• 1.88 cents increase per $100 of Assessed Valuation

• Increase of $82.68 per year on an average assessed home of $449,334 or $6.89 per month

Tax Revenue and Ratable Information2008-2009 Budget

• Total Taxable Ratables in Rutherford $2,861,354,770– Therefore, a 1-cent increase in the tax rate

brings $286,135 in revenue to the school district

• The tax rate is per hundred dollars of assessed value

– information provided by Rutherford Tax Assessor’s Office

Tax Revenue and Ratable Information2008-2009 Budget

• Average Rutherford house has a tax-assessed value of $449,334– 5,011 homes divided into $2,251,611,300

of assessed value

• A 1-cent increase in the school tax rate raises the taxes on an average Rutherford house by $44.93 per year (or $3.74 per month)

– Information provided by Rutherford Tax Assessor’s Office

Funding Sources for 2008-2009Increase in Appropriations

2007-2008 2008-2009 Difference Tax Levy 33,505,635 34,043,063 537,428 State Aid 2,903,963 3,295,189 391,226 Fund Balance

415,133 201,683 (213,450)

Total 715,204

Rutherford Public Schools

State Aid Flat Since 2004-2005

• State Aid in 2004-2005 $2,819,382• State Aid Indexed at 4% to 2008-2009 $3,298,278• Awarded State Aid 2008-2009 $3,295,189

– Deficit (3,089)• PERS Payment in 2003-2004 $0• PERS Payment in 2008-2009 $296,471• State Aid Payment Lost in 2004-2005 $140,969

Remember to Vote

School ElectionTuesday, April 15

Polls Open7AM to 9PM