2014 2015 Harding Township School Preliminary Budget II

2014 -2015 Harding Township School Preliminary Budget II Dr. Alex Anemone, Superintendent Dr. Dennis Frohnapfel, Interim B. A. January 20, 2014

Board of Education � Mr. Dev Modi – President � Mr. John Flynn – Vice President � Mr. Davor Gjivoje � Mrs. Kim Macaulay � Mr. Jim Novotny

2014 -2015 HTS Budget � Consistent with 2014 -2015 Budget Guidelines. � Supports current district goal: ◦ To develop a student dashboard and use the data to improve the instructional process.

Budget Timeline February 26 -27 – State aid figures released March 3 – Tentative budget March 7 – Budget submitted to Executive County Superintendent March 24 – Budget public hearing

Budget Process (updated) � Meet with Interim B. A. to review CAFR, current 13 -14 budget and plan for 14 -15 budget. (completed) � Refine and update Position Control Roster. (completed) � Meet with Principal – curriculum issues. (completed) � Forecasting out of district placements for 1415. (in progress) � Refine revenue estimates for 14 -15. (in progress)

Budget Assumptions � Assumes state aid is flat ~$225 k � Appropriates excess surplus ~$233 k � Assumes no change to staffing configuration. Kindergarten registration begins in two weeks. � Assumes major increases in staff health benefits due to implementation of Affordable Care Act (ACA) on 1/1/15. *

*Effects of Affordable Care Act � Increase in number of employees receiving health benefits. Total cost to Board could be over $100, 000. � The ACA increase is approximately equal to 1% of the BOE budget. This is in addition to “regular” health benefits increases.

Budget Estimates � HTEA contract expiring June 30, 2014. � Contract with Madison BOE expiring June 30, 2014. � Annual health benefits premiums (+6 -10%). � Special Education out of district (+3 -5%). � Increase in number of students placed out of district. � Utilities

Revenue History � Local ◦ ◦ Tax Levy 1997 -2011 (average) 2011 -2012 -2013 -2014 +6. 01% +1. 96% +1. 78% +1. 50%

Revenue History (cont’d) � State ◦ ◦ ◦ Aid 2009 -2010 -2011 -2012 -2013 -2014 -2015 ~ $360, 000 $0 ~ $180, 000 ~ $225, 000 ? ? ?

Tax Levy � Tax levy increase estimated at 2. 00% plus expiring banked cap generated in 2011 -2012 of $54, 523. Total tax levy increase estimated at 2. 50% � Please note: this figure is tentative and could change.

Next Steps � Continue to refine revenue estimates (tuition, bussing, misc. ). � Continue to refine unknown costs (HTEA, Madison High School, etc. ). � Continue to refine out-of-district costs. � State aid figures released in late February. � Finalize and approve tentative budget. � Public hearing.