GALLOWAY TOWNSHIP PUBLIC SCHOOLS 2014 - 2015 Preliminary Budget Presentation Presented to the Galloway Township Board of Education November 18, 2013 PRELIMINARY BUDGET PLANNING Current Budget Where Budget Considerations 2014-2015 Where are we? are we going? 2014-2015 Budget Planning How do we get there? CURRENT BUDGET – WHERE ARE WE? CURRENT BUDGET 2013-2014 REVENUES Withdrawal Capital Fund Balance 6% Reserve 4% Miscellaneous Other 0% Local Tax Levy 50% State Aid 40% CURRENT BUDGET 2013-2014 EXPENDITURES TUITION/ CHARTER TRANSPORTATION SUPPLIES MISC TXFR TO FOOD SVC CAPITAL PURCHASED SERVICES OTHER EMPLOYEE COSTS HEALTH BENEFITS SALARIES CURRENT BUDGET 2013-2014 EXPENDITURES Food Service 0% Capital 5% Employee Benefits 22% Transportation 7% Operations/ Maintenance 7% Administration 6% Instruction 39% Student Support Services 9% Tuition and Charter 5% 2013 TAXPAYER’S GUIDE TO EDUCATION SPENDING K-8 District with enrollment over 750 (n=88) 2011-12 Cost per pupil $16,733 (53 / 88) Administration per pupil $1,257 (22 / 88) Legal Services per pupil $10 (5 / 88) Food Service Contribution $4 (2 / 88) Ratio-Students to Teacher 11.1 (77 / 88) Ratio-Students to Admin 213.4 (24 / 88) Ratio-Faculty to Admin 21.8 (11 / 88) BUDGET CONSIDERATIONS–WHERE ARE WE GOING? 2014-2015 BUDGET CONSIDERATIONS Maintaining current class size and programs Replenishment of consumable materials No new series / curriculum purchases PARCC preparation Technology Facilities and maintenance School security upgrades Capital projects 2014-2015 BUDGET CONSIDERATIONS Tax levy cap Approximately $585,000 for the 2014-15 budget Represents 0.998% of the general fund budget Banked cap $879,118 of available banked cap Entire amount will disappear if not utilized in 2014-15 budget 2014-2015 BUDGET CONSIDERATIONS Fund Balance 2013-2014 2,770,222 to fund general budget 750,000 to fund capital reserve 2014-2015 2,799,822 in audited excess surplus As per 2013 district audit presented to the BOE in October BUDGET PLANNING-HOW DO WE GET THERE? HOW DO WE GET THERE? Budget development calendar Meetings/Planning with district administrators Payroll/Benefits projections Accumulation of data Projected staffing meetings Meetings with board committees Further public presentations Input from community members/stakeholder groups UNKNOWN FACTORS FOR 2014-2015 The budget is a plan, not absolute Enrollment projections ROD grant applications State aid – historically released in February Budget approval timelines Unanticipated costs QUESTIONS/COMMENTS Thank you!