1. Harding Township School Tentative Budget Report
Matthew A. Spelker-Superintendent
Mark Kenney-Interim Business Administrator
March 19th, 2018

2. Board of Education Mr. Davor Gjivoje - President
Mr. John Flynn –Vice-President
Mrs. Kim Macaulay
Mr. Abi Singh
Mr. Richard Bruno

3. District Goals
To measure the academic progress of our students through the administration of district-wide assessments in Reading, Math Facts and Writing.
Begin the process of creating a five-year plan for the school district for
Continue to implement the iReady assessment program in grades 2-5 in ELA and 2-8 in Math
The proposed budget will support yet to be named goals for the school year.

4. 2018-2019 Operating Budget The operating budget is:
A reflection of the community’s values (small class size, technology, co-curricular activities, facilities maintenance, etc.)
A consensus document – BOE, Administration, Parents, Staff, Community.
A statement, in financial terms, of the district’s educational priorities.
A management tool that projects and balances the district’s revenues and expenses.

5. Operating Budget
NOT developed by increasing each line by a certain percentage.
Projections are made up to 15 months in the future. For example, budget (revenues and expenses) estimates made in March 2018 will have to remain accurate until June 30, 2019!
Our budget has many line items that are increasing at a faster rate. These items include salaries, health benefits, and special education. These items “crowd out” other portions of the operating budget.

6. Budget Process Audit health benefits roster. (completed)
Principal – curriculum items. (completed)
Review CAFR, the 17/18 budget and plan ahead for 18/19 operating budget. (completed)
Refine and update position control roster. (completed)
Forecasting and budgeting for OOD placements for (completed)
Refine revenue (tuition, federal grants) estimates for (completed)

7. Budget Process Factors affecting the operating budget:
Maintaining small class size.
Continued technology upgrades.
Curriculum development and support.
Ongoing maintenance needs.
Student achievement.
Increases in health benefits premiums.
Enrollment - predicted to be flat.
Professional development and other unfunded mandates.
HTEA salary increases % (as per CBA)

8. Revenue State aid $295,207 +23,000 Tuition revenue $95,300 +5,300
Budgeted fund balance $300,000 (-20,000)
Federal grants $136, ,000
Misc. revenue $30,000 n/c
Transportation fees $9, (-500)
Extraordinary Aid $191,000 (-9,000)
Building usage fees $9,000 n/c
Tier IV/health benefits contribution n/c

9. State Aid
$364,473 $0
$181,191
$225,137
$225,137
$233,677
$233,677
$238,834
$270,110
$295,207

10. Budgeted Fund Balance + State Aid

11. Expenses HTEA salary increase +2.6% (as per CBA)
Health benefits premium increase
Out Of District special education tuition +3-5%, plus increase of 4 to 5 more Out Of District (OOD) placements. The estimated cost of these additional students will be $300,000 (aids and transportation costs)
Facilities improvements – E.S. bathroom renovation – five year lease/purchase. Capital improvement HVAC project planned for spring completion.

12. The Tentative 2018-2019 Budget Includes Funding
Power School.
Honeywell Instant Alert.
T-Eval/Marshall Model.
I-Ready assessment program
Rubicon online curriculum tool
My Learning Plan.
My School Building/School Dude.
AESOP (staff attendance and substitute procedures).
Applitrack (human resources tool).
School Wires (website management).
Safe Schools (staff professional development).
CDK (accounting software).
Professional development and curriculum development.
Technology upgrades.
Capital improvements

13. Operating Budget
Limited by a +2.0% cap (plus allowable exemptions) on the local tax levy – NOT the total budget.
2.0% increase to local tax levy will equal an increase of approximately 1.8% in the operating budget. This is due to the fact that approximately 90% of our budget funding derives from local property taxes.

14. Local Tax Levy 1997-2011 (average) +6.01% 2011-2012 +1.96%% % % % % % %
% (use of banked cap)

15. Banked Cap Year Saved $ Amount Year Expires 2012-2013 $82,496
(Used in )
$74,390
(Used in ) $0
N/A
$51,437
$275,249

16. General Timeline Oct.-Dec. – Administrative meetings
December 11 – Budget guidelines approved/BOE
January 22 – Preliminary budget report
March 15th – State aid figures released
March 19th – Tentative budget presented to BOE
Week of March 19th – Tentative budget submitted to Executive County Superintendent for approval
May 7th – Public hearing on the budget
July 1 – New fiscal year begins