INITIAL BUDGET PRESENTATION WORK SESSION: HADDONFIELD BOARD OF EDUCATION January 10, 2008

DEVELOPMENT PARAMETERS Show efficiencies Show efficiencies Be realistic Be realistic Be transparent Be transparent Improve the delivery of instruction Improve the delivery of instruction Grow district initiatives Grow district initiatives Support the professional development of the faculty to meet the learning needs of the students Support the professional development of the faculty to meet the learning needs of the students

BUDGET SUMMARY REVENUE State Aid $ 1,610,445 Additional State Aid $ 32,208 Local Tax Levy – 4% $27,758,553$28,868,895 Tuition $ 458,561 $ 486,313 Unrestricted Funds $ 145,000 $ 155,000 Fund Balance $ 78,779 $ 125,000 Totals$30,051,338$31,277,861

BUDGET SUMMARY OVERALL REVENUE INCREASE OVERALL REVENUE INCREASE $1,226,523$1,226,523OR 4.08%4.08%

BUDGET SUMMARY APPROPRIATIONS Faculty/Rep Staff $17,769,100$18,229,795 Admin/Non Rep $ 2,145,355 $ 2,159,600 Special Ed Tuition $ 910,000 $ 932,500 Medical/Dental $ 4,581,500 $ 5,276,920 Operational $ 4,645,383 $ 4,763,220 TOTALS$30,051,338$31,362,035

BUDGET SUMMARY OVERALL APPROPRIATIONS OVERALL APPROPRIATIONSINCREASE $1,310,697$1,310,697OR 4.36%4.36%

BUDGET SUMMARY COMPARISON REVENUE TO APPROPRIATIONS Revenue$31,277,861 Appropriations$31,362,035 Difference$ (84,174)

BUDGET SUMMARY POTENTIAL SAVINGS POTENTIAL SAVINGS Educational Assistant Reduction (10%)36,250 Educational Assistant Reduction (10%)36,250 Activity Fee Increase $ ,000 Activity Fee Increase $ ,000 Athletic Program Reduction Overall (10%)69,725 Athletic Program Reduction Overall (10%)69,725 Extracurricular Reduction (10%)33,600 Extracurricular Reduction (10%)33,600 Additional Retiree Savings?????? Additional Retiree Savings??????

TAX LEVY

REVENUE SUMMARY State Aid increase of 2% State Aid increase of 2% Hold harmless for Hold harmless for Add 15 full-time tuition students Add 15 full-time tuition students Reduced Pre-school tuition next year Reduced Pre-school tuition next year

REVENUE SUMMARY Rental Fees predicted to remain flat Rental Fees predicted to remain flat Interest Rate revenue – increased 11% Interest Rate revenue – increased 11% Activity Fee income – flat Activity Fee income – flat Fund Balance – $125,000 Fund Balance – $125,000

APPROPRIATION LINE ITEMS REGULAR EDUCATION SALARIES Prior Year Actual Approved Budget Budget Appropriations Dollar Increase % Increase K-12$ 9,591,910$ 10,021,250 $ 9,922,650 $ (98,600)-0.98% K-12 Substitutes$ 215,000$ 214,700 $ 214,500 $ (200)-0.09% Home Instruction$ 50,041$ 45,000 $ 50,000 $ 5, % EA - Reg. Ed$ 428,143$ 399,500 $ 362,500 $ (37,000)-9.26% Related Services$ 1,268,469 $ 1,307,500 $ 1,355,750 $ 48, % Other Instruction$ 108,900 $ 114,345 $ 5, %

APPROPRIATION LINE ITEMS Actual Approved Approp Increase% Increase Special Education Teachers $ 1,687,657$ 1,745,000 $ 1,908,600$ 163, % EA/ABA- Spec. Ed$ 677,340$ 655,000 $ 825,500$ 170, % Related Services$ 1,029,986$ 1,063,500 $ 1,137,500$ 74, % Special Schools- Summer$ 184,640$ 176,500 $ 193,200$ 16, % Transportation$ 151,475$ 95,000 $ 100,000$ 5, %

APPROPRIATION LINE ITEMS DISTRICT OPERATIONS Actual Approved Appropriation Increase % Increase Operations and Maintenance $ 1,689,042$ 1,937,250 $ 2,045,250$ 108, % Administration $ 2,162932$ 2,145,355 $ 2,159,600$ 14, %

APPROPRIATION LINE ITEMS Actual Approved Appropriation Increase % Increase Employee Benefits $ 4,129,081$ 4,581,500 $ 5,276,920$ 695, % Oper. & Maint (non-salary) $ 765,279$ 761,400 $ 772,050$ 10, % Utilities (Gas & Electric) $ 892,926$ 740,000 $ 882,000$ 142, % Special Education Tuition $ 868,980$ 910,000 $ 932,500$ 22, % Professional Services $ 266,173$ 246,000 $0.00% Transportation $ 480,937$ 461,400 $ 478,900$ 17, %

APPROPRIATION LINE ITEMS Actual Approved Approp Increase% Increase Professional Services $ 329,925$ 353,140 $ 359,300$ 6, % Textbooks $ 111,424$ 135,493 $ 110,850$ (24,643)-18.19% Supplies $ 671,070$ 556,695 $ 577,645$ 20, % Operational $ 271,233$ 251,955 $ 252,850$ % Co/Extra Curricular $ 303,203$ 323,300 $ 336,375$ 13, % Athletics $ 676,773$ 691,000 $ 697,250$ 6, % Capital Outlay $ 304,803$ $ 50, % Budget Reserve $$ 125,000 $$ (125,000) %

REQUESTS AND OUTCOMES High School – All requests filled within current district staffing High School – All requests filled within current district staffing Middle School – No requests Middle School – No requests E. Haddon – No requests E. Haddon – No requests

REQUESTS AND OUTCOMES Central School – Additional Teacher - - denied Central School – Additional Teacher - - denied Tatem School – Additional Teacher – denied Tatem School – Additional Teacher – denied Special Education – 1.5 Additional Teachers – denied Special Education – 1.5 Additional Teachers – denied

REQUESTS AND OUTCOMES Technology – $321,000 – approved $50,000 Technology – $321,000 – approved $50,000 District – World Language Teacher K to 2 – denied – implement alternate program District – World Language Teacher K to 2 – denied – implement alternate program Sabbatical Request – Pending final description – approved, per contract Sabbatical Request – Pending final description – approved, per contract

RETIREE SAVINGS as of January 10, 2008 Name SALARYNEW SALARY SICK PAYOUTDIFFERENCE GE$80,513 $49,950 $12,500 $18,063 MB$81,313$49,950 $ 5,000 $26,363 AZ$81,313$50,450 $14,500$16,363 MB$78,913$50,540 $$28,373 MB2$87,861$49,950 $ 7,500$30,411 BC$82,252$56,450 $$25,802 DW$77,643$46,500 $12,500$18,643 TOTALSAVINGS$164,018

DEBT SERVICE Debt Principal Debt Principal 2000 Bonds$275, Bonds$275, C Bonds$270, C Bonds$270, Bonds$310, Bonds$310, Bonds$100, Bonds$100,000 Total$955,000Total$955,000

DEBT SERVICE Debt Interest Debt Interest 2000 Bonds$119, Bonds$119, C Bonds$ 20, C Bonds$ 20, Bonds$ 22, Bonds$ 22, Bonds$365, Bonds$365, Refinance$438, Refinance$438,744 Grant Note (2.5M)$115,000Grant Note (2.5M)$115,000 Total$1,081,890Total$1,081,890

DEBT SERVICE Debt Revenue Debt Revenue State Aid$ 96,251State Aid$ 96,251 Debt Service Fund$ 134,579Debt Service Fund$ 134,579 Local Tax Levy$1,806,060Local Tax Levy$1,806,060 Total Revenue$2,036,890Total Revenue$2,036,890

BENEFITS Social Security6% Increase Social Security6% Increase Unemployment6% Increase Unemployment6% Increase Workers’ Comp6% Increase Workers’ Comp6% Increase Health Benefits17% Increase Health Benefits17% Increase

BENEFITS Tuition Reimbursement0% Tuition Reimbursement0% Other Benefits6% Other Benefits6%

BUDGET SUMMARY IMPORTANT ITEMS Decrease in Regular Ed teacher salaries – 1% Decrease in Regular Ed teacher salaries – 1% Regular Education EA Decrease – 9% Regular Education EA Decrease – 9% Increase in Special Education EAs and ABA services – 26% Increase in Special Education EAs and ABA services – 26%

BUDGET SUMMARY IMPORTANT ITEMS Total Salary increase – 2.38% Total Salary increase – 2.38% Benefit Costs increase – 15% Benefit Costs increase – 15% Utilities increase – 19% Utilities increase – 19%

BUDGET SUMMARY WHAT IS A 1% REDUCTION $288,688

BUDGET SUMMARY A 0% TAX INCREASE MEANS A REDUCTION IN THE BUDGET OF $1,154,752

IMPORTANT POINTS Every 1% decrease in the tax levy results in a $288,688 decrease in revenue Every 1% decrease in the tax levy results in a $288,688 decrease in revenue Both the revenue and appropriation figures will continue to change between now and the Public Hearing of the budget Both the revenue and appropriation figures will continue to change between now and the Public Hearing of the budget