PORT REPUBLIC SCHOOL A NEW JERSEY CHOICE SCHOOL

PORT REPUBLIC SCHOOL A NEW JERSEY CHOICE SCHOOL DISTRICT 2020 -2021 Budget Presentation February 19, 2020 Pride, Respect, Success

Nature of the Beast (19 -20) Lower H. S. Enrollment Lower Health Premiums Governor’s Budget Address Out of District Placement Re-Bid Bus Routes

Nature of the Beast (20 -21) • Out of District Placement • S 2 State Aid Reduction

Out of District SE Costs 307, 765. 00 253, 391. 00 86, 246. 00 64, 854. 00 43, 803. 00 16 -17 17 -18 18 -19 19 -20 20 -21

State Aid Reduction

Revenue/Expense Summary REVENUES - Adjustments from 19 -20 without Tax Increase 2, 877, 297 MANDATORY BUDGETED EXCESS SURPLUS (18 -19) 38, 000 TOTAL REVENUES (W/O TAX INCREASE) 2, 915, 297 TOTAL EXPENSES - BUDGET DETAIL TOTAL 2, 971, 931 SURPLUS/(DEFICIT) (56, 634) 2% Tax Increase 36, 574 Banked Cap needed to balance above 2% 20, 060 TOTAL TAX INCREASE 56, 634 COST OF TAX PER $100 OF VALUE - Based on $11, 550/penny 4. 90

2020 - 2021 REVENUE Revenue Type Equalization Aid Choice Aid (Choice - Sibling) Tranportation Aid Special Education Aid Security Aid Adjustment Aid Per Pupil Growth Professional Learning Community Aid Local Levy (19 -20) 2 % Increase for 20 -21 Increase in excess of 2% Use of Current Year Surplus Mandatory Use of Prior Year Surplus Misc Revenue EXIAD REVENUES TOTAL REVENUES 2019 -2020 259, 429 230, 472 - 47, 977 85, 872 12, 745 423, 408 S 2 Reduction (48, 000. 00) 1, 828, 694 77, 083 3, 000 2, 968, 680 2020 -2021 259, 429 230, 472 - 47, 977 85, 872 12, 745 375, 408 1, 828, 694 36, 574 20, 060 13, 000 38, 000 3, 000 20, 700 2, 971, 931

KEY REVENUE ITEMS • Governor’s Budget Address (2/25/20) – Biggest Unknown – Funding Formula • State Aid S 2 Adjustment to Remain (48, 000 Reduction) • Extraordinary Aid Allocation – Choice Program Changes ($$/student)

2020 -2021 Budget Expenses EXPESNSES Regular Programs - Instruction Regular Programs- Home Instruction Regular Programs - Undistributed Instruction Resource Room Home Instruction Basic Skills Extra Curricular Activities Athletics - Instruction - Undistributed - Tuition Health Services Speech, OT, PT Child Study Team Improvement of Instruction Media Services/Technology 2019 -2020 679, 4 58 50 0 55, 5 14 198, 4 76 - 17, 6 30 2, 7 00 - 848, 1 48 63, 9 80 33, 8 05 23, 3 75 80, 0 31 111, 9 37 2020 -2021 Difference 696, 6 17, 22 81 3 25 (25 0 0) 44, 0 (11, 42 85 9) 172, 2 (26, 27 06 0) - (17, 63 - 0) 2, 7 00 - 935, 0 86, 90 53 5 70, 0 6, 10 86 6 34, 0 23 39 4 23, 3 75 - 84, 9 4, 93 66 5 104, 8 (7, 06 73 4) % Change 2. 53% -50. 00% -20. 59% -13. 24% -100. 00% 10. 25% 9. 54% 0. 69% 0. 00% 6. 17% -6. 31% Comments Salaries Supplies and Tech Subscriptions Movement of IDEA/REAP SE Tuition Costs Reduction in supply/service

2020 -2021 Budget Expenses EXPESNSES Instructional Staff Training Services General Administration School Administration Central Services Maintenance Custodial Care and Upkeep of Grounds Transportation Employee Benefits Contribution to Food Service TOTAL EXPENSES 2019 -2020 2, 55 5 85, 08 9 53, 30 2 37, 41 9 55, 15 1 84, 87 6 1, 50 0 94, 21 2 424, 02 3 15, 00 0 2020 -2021 1, 25 0 86, 93 7 59, 50 0 39, 25 3 53, 89 3 80, 24 6 1, 00 0 76, 20 7 405, 33 2 Difference (1, 30 5) 1, 84 8 6, 19 8 1, 83 5 (1, 25 8) (4, 63 0) (50 0) (18, 00 6) (18, 69 1) (15, 00 - 0) - 2, 968, 68 2, 971, 93 3, 25 0 1 1 % Change Comments -51. 08% 2. 17% 11. 63% 4. 90% -2. 28% -5. 46% -33. 33% -19. 11% Actual after bid -4. 41% Reduction in Premium -100. 00% Elimination of Program 0. 11%

KEY EXPENSE ITEMS - TUITION • Tuition – Cedar Creek Tuition Drops to 33 • Tuition Adjustment of $64, 000 (Deferment of half) – ACIT • Reduction of Students (5 to 3) • Instructional Strategies • Chromebook Replacements reduced from 20 to 10 • Classroom Library budget reduced from $20, 000 to $10, 000 • All program supply budgets reduced

KEY EXPENSE ITEMS - MISC • CST Program – Days of service reduced to minimum • Technology – No summer projects, reduction of service days • Food Service Elimination ($15, 000 Contract) • Healthcare – Overall Decrease on January 1, 2020 • 9% Increase projected for 2020

KEY EXPENSE ITEMS - MISC • Facility – Reduction in summer hours for maintenance support – Trade budget and supply reductions – Minimal repair budgets • Technology – No summer projects, reduction of service days • Healthcare – Overall Decrease on January 1, 2020 • 9% Increase projected for 2020

Long Term – Current Enrollment Cedar Creek Grade 12 11 10 9 Totals Cedar Creek Enrollment 10 5 15 9 39 Port Middle Grade 8 7 6 5 Port Middle Enrollment** 6 12 14 15 47

Long Term – Current Enrollment Cedar Creek Port Middle Grade 12 11 10 9 Enrollment 10 5 15 9 Grade 8 7 6 5 Choice Enrollment 6 -1 12 -2 14 -3 15 -2 ACIT/Private Reduction -1 -2 -1 -1 Probable Cedar Actual Enrollment School Year 4 2019 -2020 8 2020 -2021 10 2021 -2022 12 2022 -2023 Projected HS Enrollment 39 33 36 31

History of Tax Increase Fiscal Year Tax Levy Increase % 2014 -2015 1, 666, 764 2015 -2016 1, 705, 464 38, 700. 00 2. 32% 2016 -2017 1, 705, 464 - 0. 00% 2017 -2018 1, 736, 210 30, 746. 00 1. 80% 2018 - 2019 1, 793, 295 57, 085. 00 3. 35% 2019 -2020 1, 828, 694 35, 399. 00 1. 97% 2020 -2021 1, 884, 778 56, 083. 83 3. 07% 6 Year Average 2. 09%

Next Steps • Budget Software Input • Await Governor’s Budget Address – February 25, 2020 • Budget Calendar – Budget Due Date to County on March 4, 2020 – BOE Approval on March 3, 2020

Questions and Discussion