2014 - 2015 Budget Presentation

Report
Norwood Public School
Think – Lead - Serve
2014-2015 Budget Presentation
April 24, 2014
8:00 PM
Let Your
Light Shine . . .
Board of Education
• President:
• Vice President:
Mr. Michael Sprague
Mr. Joel Rubin
•
Mr. William Snyder
Mr. Mathew Ross
Mr. Edward Cammarata
Mr. G.C. Vaghasia
Ms. Sally Diaz
Board Members:
Budget Highlights
• The 2014-2015 Budget:
– Maintains and expands current academic
programs
– Full Time Technology Teacher-PARCC Readiness
– Director of Special Services
– Leveled Literacy Intervention
• The Norwood General Fund tax levy as
proposed is 2%
Tax Impact
13-14
14-15
Increase/
Decrease
%
change
School Tax Levy
$8,839,123 $9,015,905 $176,782
2%
Tax Rate
.749
.765
1.6
2.14%
Avg. homeowner
(per $100,000 )
$749
$765
$16
2.14%
Average
Homeowner
$549,852
$4,113/yr)
$549,223
($629)
($4,201/yr) $88
Foxhill Resident
$211,284
$211,284
-0($1,582/yr) ($1,616/yr) $34
2.14%
2.14%
Budget Categories
2013-2014
2014-2015
Instruction – Regular
$3,349,434
$3,191,900
Instruction – Special Education
$708,003
$716,545
Benefits
$1,739,946
$1,758,439
Facilities Operations + Maintenance
$829,908
$833,347
Administration
$679,080
$688,477
Transportation
$238,425
$244,574
Instructional Support/BSI/ESL
$164,658
$166,702
Expenses
2013-2014
2014-2015
Increase/Decrease
General Fund
Expenditures
$9,614,234
$9,825,076
$210,824
Capital
Expenditures
$477,631
$152,776
($324,855)
Revenue
2013-2014
2014-2015
increase/Decrease
State Aid
$476,947
$488,947
$12,000
Fund Balance
$ 63,650
$ 40,000
($23,650)
Rentals
$263,800
$263,800
$0
Tax Levy
$8,839,123 $9,015,905
Miscellaneous $ 0
$25,000
$176,782
$25,000
Academics
Community
Partnerships
Norwood
Public
School
Operations
School
Culture
Curriculum
Development
Instructional
Materials
Northern
Valley Office
of Curriculum
and
Instruction
Federal
Grants
Staff
Development
New Teacher
Induction
Valley
Program
Educational
Services
TIP
Special
Education/
Region III
Transportation
OT/PT
Supplies
Insurance
Email/Phone Minute
Sharing
Utilities
Valley/Municipal
Waste
Management/Plowing
Business Services
Special Education
Management

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