West Deptford Township School District 2017-2018 Final School Budget Presentation April 24, 2017

The Budget Process A budget is a plan, not an absolute Unlike a municipal budget which is finalized during the fiscal year, the school budget is finalized months in advance of implementation. Therefore, although finite in its totality, a budget must be flexible to meet changing needs. Nevertheless, it is constrained by rules more than ever

Budget Process Begins late fall with unit heads being given a target number based on anticipated aid Submit staffing requests Submit overall operating budgets December/January-budget meetings held and initial adjustments are made if necessary January/February- data is entered into budget program

Process continued March 2nd (this year)- receive state aid figures Based on state aid figures, challenges have been created throughout the state in school districts Mid March- tentative budget is formulated Board approves the tentative budget (March 20) and it is submitted to the county office for review Board Budget Hearing on final budget – April 24

BUDGET GOALS & PRIORITIES Increase Student Achievement Continue our 1:1 Technology Initiative Maintain ALL instructional programs (core subjects, related arts, specialized programs) Maintain current class sizes Continue with Curriculum mapping work Purchase Math Series for K-4 Purchase Science Series 5-8 Purchase Writing Kits Purchase Leveled Readers Maintain our extra-curricular programs Maintain and upgrade our facilities Balance district needs with respect to the tax levy

State Aid as a percentage of Budget 2001 -2018 2001-02 = 32.3% 2002-03 = 31.6% 2003-04 = 31.0% 2004-05 = 30.5% 2005-06 = 29.83% 2006-07 = 27.08% 2007-08 = 26.49% 2008-09 = 30.65% 2009-10 = 30.23% ($12,511,152) 2010-2011 =26.1% ($10,444,666) 2011-2012 =26.7% ($10,858,460) ($413,794 received but not applied in 11-12) 2012-2013= 27.2% ($11,531,659 – a 2.3% increase over final 11-12 aid) 2013-2014= 27.04% ($11,973,549; -a 5.3% increase over final 12-13 aid) 2014-2015= 26.85% ($12,031,649– a .49% increase over final 13-14 aid) 2015-2016 = 26.35% ($12,031,649 – a 0% increase final 14-15 aid!) 2016-2017 = 25.86% ($12,146,669 – a .94% increase!) 2017-2018 = 26.07% ($12,146,669) No increase

2017-2018 Budget Last Year’s General Fund - $ 47,159,428 This year’s General Fund - $46,576,358 The new proposed 2017-2018 budget compared to the 2016-17 budget represents a decrease of $583, 070 (1.24%) The proposed preliminary budget contains a 2% tax levy increase equal to $637,610. The new proposed tax levy is $32,518,104* which is $762,266* more than the tax levy from the 2016-17 budget.

What is the tax impact? 2000-01 = 12.9 cents 2001-02 = 9.9 cents 2002-03 = 6.9 cents 2003-04 = 12.6 cents 2004-05 = 6.6 cents 2005-06 = 6.2 cents 2006-07 = 9.9 cents 2007-08 = 5.1 cents 2008-09 = -.274 cents or 1/3 of a penny decrease 2009-10 =-.107 cents 1/10 of a penny decrease 2010-11 = 18.5 cents(Reduced to 12 cents by the township) 2011-2012 = .91 cents or 9/10 of a penny decrease for the average home owner (assessed value of $208, 151) 2012-2013 = 4.81 cents 2013-14 = 9.59 cents reduced to 6.01 cents (debt service) 2014-2015 = 10.84 reduced to 8.84 cents after round 2 cuts 2015 – 2016 = 9.48 (7.81 cents General fund;1.68 cents Debt Service) 2016-2017 = 7.55 reduced to 7.15 (5.765 cents General Fund; 1.38 cents Debt Service) 2017-2018= 4.55 (3.683 cents General Fund; .867 cent Debt Service)

2017-2018 Tax Impact Tax Rate with 2% Tax Levy is 4.55 cents per hundred increase. Plus .867 cents for debt service In order to reduce the tax impact: $224,376 would have to be cut from the budget to reduce the tax increase by one cent per hundred.

How will this affect the average homeowner How will this affect the average homeowner?($199,947 assessed valuation*) Tax Rate Annual Cost for Average Homeowner Monthly Cost for Average Homeowner Annual Cost if property values were = 2016-17 4.55 cents $186.30 $15.53 $180.44 16-17 (7.15 cents) ($95.34) ($7.94) * 2017 Home Value

Questions ???