Lebanon Borough Board of Education 2016-2017 School Year Budget

Budget Goals Technology purchases & upgrades compatible with PARCC & NJASK testing Next Generation Science Standards: Framework & Supplies Mandatory for grade 6 in 2016/17 Mandatory in K-5 in 2017/18 Retain Special Education in-house to control costs / Potential Revenue source Professional Development for Staff Protecting our school building in areas of maintenance and safety Maintaining a high quality education for our students

Total Student Population Enrollment 2012 through 2017 School Year On Roll Middle School School Choice Out of District Total Enrollment Non Public Students Total Student Population K - 8 2012/13 79 23 15 117 12 129 2013/14 91 28 16 135 150 2014/15 90 25 17 1 133 19 152 2015/16 98 33 13 144 18 162 2016/17 104 36 9 168

Student Enrollment 2012-2017

2016/2017 State Aid State Aid: $ 187,103 $ 191,092 $ 3,989 2.13% Revenue Source 2015/16 2016/17 $ Change % Change State Aid: School Choice Transportation Special Education Security Adjustment PARCC Readiness Per Pupil Growth Professional Learning $ 187,103 $ 38,478 $ 12,988 $ 64,267 $ 7,997 $ 61,273 $ 1,050 $ 191,092 $ 14,601 $ 65,216 $ 8,174 $ 1,250 $ 3,989 $ 0 $ 1,613 $ 949 $ 177 $ 1,250 2.13%

Local Revenues Local Tax Levy: $ 2,381,237 $ 2,602,777 $ 221,540 Source 2015/16 2016/17 $ Change % Change Local Tax Levy: $ 2,381,237 $ 2,602,777 $ 221,540 9.30 % Previous Year Levy Allowable 2% cap Health Care Adjustment Enrollment Adjustment Banked Cap $2,238,151 $ 44,763 $ 12,986 $ 21,111 $ 64,226 $ 47,625 $ 21,540 $ 152,375 $ 0 $ 143,086 $ 2,862 $ 8,554 $ 131,264 $ (64,226) Tuition $ 14,000 Misc. Revenue $ 50

2016/17 Total revenue

Total Operating Budget $ Change in Operating Budget Tax levy & Total Budget Year Local Tax Levy $ Change in Tax Levy % Change in Tax Levy Total Operating Budget $ Change in Operating Budget % Increase (Decrease) 2011-12 2,234,117 $ 2,514,665 2012-13 2,268,599 $ 34,482 1.5% $ 2,558,884 $ 44,219 1.8 % 2013-14 2,172,561 $ (96,038) (4.2) $ 2,486,974 ($ 71,910) (2.8%) 2014-15 2,237,738 $ 65,177 3% $ 2,586,841 $ 99,687 4 % 2015-16 2,381,237 $ 143,499 6.4% $ 2,614,443 $ 27,602 1.1 % 2016-17 2,602,777 $ 221,540 9.3% $ 2,807,919 $193,476 7.4 %

Where does the money Go? Category $ Amount % of Budget Regular Instructional Programs $ 658,889 23.5 % Special Ed/Basic Skills (in house) $ 185,705 6.6 % Middle School Tuition $ 552,399 19.7 % Out of District Tuition $ 78,969 2.8 % Support Services (Health Office, CST & Related Services) $ 273,934 9.7 % Improvement of Instruction & Professional Development $ 67,467 2.4 % Administration $ 184,707 Building & Grounds $ 203,225 7.2 % Transportation $ 89,465 3.2 % Health Benefits $ 411,727 14.7 % Contractual & Employer Expenses $ 101,432 3.6% Total Operating Budget $ 2,807,919

Show me the money!

Uncontrollable Costs Category Total Amount % of Budget Contractual Salaries $ 1,280,408 45.6 % Health Benefits & Employer Expenses $ 513,159 18.3 % Tuition to other LEAs & Transportation $ 631,368 22.5% Required Maintenance & Repairs $ 97,303 3.5 % Remaining Spending $ 285,681 10.2 %

Our piece of the Pie:

(per $100 of assessed value) Tax Impact Budget Year Tax Rate (per $100 of assessed value) Average Tax Payment On home value of $270,000 Increase (Decrease) From previous year 2012/2013 $ 0.83 $ 2,241 2013/2014 $ 0.79 $ 2,133 ($ 0.04) 2014/2015 $ 0.82 $ 2,214 $0.03 2015/2016 $ 0.85 $ 2,295 2016/2017 $ 0.93 $ 2,511 per year $ 6.88 per day $ 0.08

(from lowest to highest)$ Tax Rate Comparison Ranking (from lowest to highest)$ School District Tax Rate 1 Lebanon Borough $ 0.93 2 Kingwood $ 0.96 3 Readington Township *(15/16) $ 1.02 4 Franklin Township* $ 1.10 5 Clinton Township* $ 1.12 6 Lebanon Township* $ 1.29 7 Glen Gardner* $ 1.21 8 Holland Township $ 1.40 9 Clinton Public* $ 1.42 10 Milford* $ 1.62

Budget questions may be sent to Dr. Robert Sutter 908-236-2448 rsutter@lebanonschool.org