Harding Township School District Public Hearing on the Budget 2017-2018 Matthew A. Spelker, Superintendent Marilyn Cuykendall, Business Administrator April 24, 2017

Board of Education Davor Gjivoje – President John Flynn – Vice President Kim Macaulay Abi Singh* Richard Bruno* * Members – Facilities and Finance Committee

Budget Timeline and Process Budget Process Fall 2016 Facilities and Finance Committee meetings; Administrative meetings 1/23/17 Preliminary Budget Report I 2/26/17 State Aid Data Released 3/13/17 Tentative Budget unanimously approved by BOE 3/20/17 Tentative Budget submitted to ECS 4/5/17 Tentative Budget approved by ECS 4/24/17 Public Hearing on the Budget 7/1/17 Fiscal year begins

Public Hearing on the Budget Annual presentation required by NJDOE. Advertised by district in the April 19th edition of the Daily Record. Presentation includes: Budget highlights Revenue Expenses Tax levy impact

Budget Highlights A fiscally conservative budget Meets all 17/18 budget guidelines. Maintains staffing configuration, co- curricular activities, and small class size. Low administrative costs Budgets money for professional development and curriculum writing.

Budget Highlights Money has been budgeted for facility maintenance and planning for capital project- HVAC upgrade Provides adequate financial resources for yet- to-be named 17/18 district goals. This budget allows for HTS to continue on its upward trajectory and maintain its position as one of the premier PK-8 public school districts in New Jersey.

Revenue-Local Tax Levy Budget Year(s) Local Tax Levy Increase 1997-2011 (average) 6.01% per year 2011-2012 1.96% 2012-2013 1.78% 2013-2014 1.50% 2014-2015 2.81% (included banked cap and health benefits exemption) 2015-2016 3.32% 2016-2017 2.90% 2017-2018 1.48%

Local Tax Levy

Categorical State Aid $ State Aid $ Change % Change 2009-2010 $364,473 N/A 2010-2011 ($364,473) (100%) 2011-2012 $181,191 2012-2013 $225,137 $43,946 24.3% 2013-2014 $0 0% 2014-2015 $233,677 $8,540 3.8% 2015-2016 2016-2017 $238,834 $5,157 2.2% 2017-2018

Categorical State Aid

State Aid – Total Budget 2009-2010 2017-2018 Categorical State Aid $364,473 $238,834 Categorical State Aid as a Percentage of the Budget 3.97% 2.07%

Banked Cap Year Saved $ Amount Year Expires 2012-2013 2013-2014 $82,496 Added to 15/16 budget 2015-2016 2013-2014 $52,401 Added to 16/17 budget 2016-2017 2014-2015 $0 N/A 2017-2018 $51,437 2020-2021

Detailed Revenues 2016-2017 $ Changes 2017-2018 Local Tax Levy $9,905,421 $146,671 $10,052,092 Tuition PK-8 $75,000 $14,665 $89,665 Transportation Fees $10,000 $0 Building Usage Fees $9,000 Misc. Revenue $30,436 ($27,110) $3,326 State Aid (categorical) $238,834 Extraordinary Aid (SE) $200,000 Budgeted Fund Balance $306,185 $14,629 $320,814 Capital Reserve $79,241 ($79,241) Special Revenue $153,481 ($21,731) $131,750 Local Tax Levy (Debt Sv.) $459,654 ($16,714) $442,940 Debt Service Aid $35,346 ($1,286) $34,060 Other $15,174 ($15,174) TOTAL $11,517,772 $14,708 $11,532,481

Expenses – Operating Budget Revised 2016-2017 $ Changes 2017-2018 Gen. Ed. Instruction $2,082,850 $69,945 $2,152,795 Sp. Ed. Instruction $650,493 $5,937 $656,430 Sp. Ed./Tuition $2,696,750 $37,455 $2,734,205 Support Services $1,124,521 $36,597 $1,161,118 Imp. Instruction $161,069 ($12,866) $148,203 Gen. Admin. $381,289 $9,867 $391,156 Sch. Admin. $45,695 $19,346 $65,041 Central Svc./IT $174,378 ($23,817) $150,561 Operation/Plant $1,000,155 $19,601 $1,019,756 Transportation $975,518 ($68,443) $907,705 Employee Benefits $1,472,993 ($147,372) $1,325,621 TOTAL $10,765,711 ($53,750) $10,711,961

Expenses – Funds 10,11,12,20,40 Revised 2016-2017 $ Changes 2017-2018 Total- Fund 10 Charter School $24,338 $0 Total – Fund 11 Operating Budget $10,765,711 ($53,750) $10,711,961 Total – Fund 12 Capital Outlay $79,242 $108,190 $187,432 Total – Fund 20 Special Revenue $153,481 ($21,731) $131,750 Total – Fund 40 Debt Service $495,000 ($18,000) $477,000 TOTAL $11,517,772 $14,709 $11,532,481

Budget Vote and Election In 2012, Gov. Christie signed legislation that eliminated the need for the public to vote on the school budget if it remains at or below the 2% tax levy cap, including specific exemptions such as banked cap or the health benefits waiver. On 2/13/12, the Harding BOE adopted a resolution to move the annual school election to November. Since the 17/18 budget is under the cap, it will not be on the ballot in November. The public will vote for BOE members in the general election on Tuesday, November 7, 2017.