Readington Township School District Budget Presentation BUDGET PRESENTATION

Readington Township School District Budget Presentation BUDGET PRESENTATION TO THE BOARD OF EDUCATION APRIL 12, 2016

Budget Goals v Present a budget at or below the 2% state-imposed cap on tax levy without negatively impacting students’ academic experiences. v Balance class size guidelines with scheduling efficiencies v Enrich students’ academic experiences v Continue to implement the district’s Strategic Plan v v Enhance students’ social, global, and intellectual engagement. Create a vibrant learning environment for students and staff. Create a culture of collaborative partnerships in and around our community. Ensure institutional and financial sustainability in the face of economic and demographic challenges.

Enrollment Forecast for 2016 -17 Anticipated Pre. K through 8 enrollment = 1631 (1674 this year) Ten out-of-district (anticipated) students not included in this number Demographer’s Projection: 1632

Budgeted Enrollment History

Budget Items Fall Under Two Categories Non-Discretionary (Mandated) • Items mandated by contract or state/federal mandates • Salaries and Benefits (negotiated) • Special Education Program Requirements • Student Transportation Costs • School Building Energy Costs Local Control • Staffing • Technology and Textbooks • Professional Development (partial discretion) • Classroom Instructional Supplies • Equipment (all types) • Extra-curricular programs for students (sports, clubs) • Building maintenance (partial discretion) 6% ayroll 2. 5 P e id u G increase 4. 00 $378, 33 Increase in health benefits in budget = 1. 7%

Portion of Operating Budget

Anticipated Elementary Class Size Grade 1 Grade 2 Grade 3 Grade 4 Grade 5 19. 5 at TBS 19. 5 at WHS 17 at TBS 17 at WHS 17. 5 at TBS 18. 8 at WHS 23 per class Kindergarten enrollment as of Tuesday, April 12: 67 at Three Bridges School and 49 at Whitehouse School

Positions Eliminated or Reduced Six certificated positions reduced as a result of enrollment Three (3) of the six positions are resignations /retirements that will not be filled One additional position reduced to. 5 at the request of the staff member + Approximately $24, 180 difference between retiring/resigning staff and new hires at a lower salary level = $410, 830 in anticipated overall personnel reductions

Proposed Additions Two additional shared Kindergarten Aides – one per primary school – to be monitored and evaluated throughout the school year. $38, 283. 32 estimated salary for two additional aides New elective classes at RMS for rising 7 th and 8 th graders: Sustainability Innovation and Design Art Creative Writing Financial Literacy Coding General Music Current Events Uses existing faculty with no impact to the budget. Instrumental lessons to begin in 4 th grade. Use existing faculty with no impact to the budget.

Total Taxes including Debt Service Budget Year Total Taxes Difference $ Difference % 2009 -10 $29, 157, 442 - $1, 031, 675 - 3. 400% 2010 -11 $29, 592, 975 - $435, 533 - 0. 150% 2011 -12 $29, 609, 399 + $16, 424 0. 055% 2012 -13 $28, 780, 939 - $828, 460 -2. 798% 2013 -14 $28, 764, 420 -$16, 519 -0. 057% 2014 -15 $28, 680, 635 -$83, 785 -0. 291% 2015 -16 $28, 680, 635 0 0. 000% 2016 -17 $29, 016, 549 +$335, 914 1. 171%

State Aid and Tax Levy – General Fund Budget Year State Aid Tax Levy 2009 -10 $1, 406, 350 $27, 038, 539 2010 -11 $509, 929 $27, 703, 081 2011 -12 $824, 702 $27, 426, 050 2012 -13 $1, 369, 600 $26, 586, 701 2013 -14 $1, 369, 600 $26, 582, 012 2014 -15 $1. 402, 420 $26, 582, 012 2015 -16 $1, 402, 420 $26, 643, 599 2016 -17 $1, 424, 790 $26, 906, 853

2016 -17 School Budget Tax Impact On the average home assessed at: $360, 800. Equates to approximately $37. 00 increase over the year

Proposed Tax Rate YEAR TAX RATE AVERAGE TAX 2010 – 11 $1. 0373 $4070 on average assessed home of $392, 400. 2011 – 12 $1. 0765 $4052 on average assessed home of $376, 400. 2012 - 13 $1. 087 $3995 on average assessed home of $367, 300. 2013 -14 $1. 085 $3905 on average assessed home of $360, 000 2014 -15 $1. 0773 $3, 877 on average assessed home of $359, 900 2015 -16 $1. 1012 $3, 974 on an average assessed home of $360, 900 2016 -17 $1. 1113 $4, 010 on an average assessed home of $360, 800