1. Bradley Beach Board of Education
Budget Presentation
Tuesday May 7, 2019

2. Bradley Beach of Education 2019-2020 Budget Timeline
March 19: Preliminary Budget Adoption
April 2: Executive County Superintendent Approval
May 7: Public Hearing

3. Legislation Impacting 2019-2020 Budget The Tax levy Cap Law
Limits the increase in the tax levy to 2%
Automatic tax levy waivers are available to districts to increase their tax levy above 2% for such things as increase in enrollment, health benefits and utilization of bank cap

4. Banked Cap Allows a district to increase it’s tax levy more than 2%
Districts that have not increased their tax levy in prior years to 2% can save (bank) the difference between the maximum 2% and the amount that the district did raise
Bank Cap is available for three years after being created

5. 2019-2020 Cap Banking Eligibility
Generated in
Generated in
Generated in
Generated in
Bank Cap Available
$18,770 $0
$80,555
Amount Expiring
Available Banked Cap Carried Forward
Bank Cap using in Budget

6. The Budget Provides
Commitment to the improvement of facilities, as we will have a bid on Stairwell #2 & 3
Further support of the One-to-One Program, as well as providing classroom teachers secondary supplies such as Elmos and projectors
Commitment to the completion of Writer’s Workshop through the purchase of materials and training
Further development of Reader’s Workshop through the purchase of materials and training
Commitment to the ongoing Strategic Plan

7. The 2019-2020 Budget Provides (continued)
Supporting the proposed goals for the Five Year Strategic Plan
Facilities – Fixing stairwell #2 & 3. Purchases to continue to supply classrooms with Smart technology, as well as secondary technology
Curriculum – Develop new framework for Science, Language Arts, and Mathematics. Continued development of Reader’s and Writer’s Workshop. Development of Health, Physical Education, World Language, Performing Arts and Fine Arts curriculum
Maintains Small Class Sizes
Maintains all athletics and arts program
Maintains the expanded Pre-School program

8. 2018-2019 Revised Revenues (as of 2/1/19)
General Fund Revenues
Revised Revenues (as of 2/1/19)
Proposed Revenues
State Aid
$1,021,859
$959,328
Fund Balance
201,835
271,253
Withdrawal Maintenance Reserve.
50,000
Withdrawal Emergency Reserve
71,700
Unrestricted Miscellaneous Revenue
10,000
9,750
Tuition From Individuals
15,250
Adjustment for Prior Year Encumbrances
9,698
n/a
Tax Levy
5,977,008
6,195,873
Total General Fund
$7,307,350
$7,501,454

9. General Fund Balance In essence the Board’s Savings Account
Limited by law to the greater of $250,000 plus allowable adjustments or 2% of the general fund budget plus allowable adjustments
Fluctuates from year to year

10. General Fund Appropriations
Revised Appropriations
(as of 2/1/19)
Proposed Appropriations
Total Current Expense
$7,281,188
$7,478,792
Total Capital Outlay
26,162
22,662
Total General Fund
$7,307,350
$7,501,454

11. Advertised Appropriations
Description/Activity
Appropriations
Regular Program
$2,260,029
Special Education
$1,000
Bilingual Education
$70,719
Co/Extra-Curricular Activities
$42,414
School Sponsored Athletic Activities
$43,288
Before/After School Program/Summer
$28,950

12. Advertised Appropriations
Description/Activity
Appropriations
Tuition – Grades 9-12 and Special Education
$1,966,440
Attendance and Social Work Services
$61,022
Health Services
$77,984
Student Related & Extraordinary
$169,200
Child Study Team
$238,576
Improvement of Instructional Services
$124,389
Instructional Staff Training Service
$12,000

13. Advertised Appropriations
Description/Activity
Appropriations
General Administration
$278,494
School Administration
$9,450
Central Service
$176,583
Admin Info Technology
$27,160
Operation & Maintenance
$675,139
Transportation
$241,575
Employee Benefits
$974,380

14. Advertised Capital Outlay Appropriations
Description/Activity
Appropriations
Assessment on SDA Project
$21,662
Interest on Capital Reserve
$1,000

15. Budget Summary Comparison 2018-2019 vs 2019-2020
$ Diff.
General Fund Tax Levy
$5,977,008
$6,195,873
$218,865
Assessed Valuation
$1,189,084,100
$1,345,674,200
$156,590,100
General Fund Tax Rate per $100 of Assessed Value
$0.5027
$0.4604
$(0.0423)
Total School Tax Rate (General Fund & Debt) Per $100 of Assessed Value
$0.5173
$0.4733
$(0.0440)

16. Tax Impact 2019-2020 Budget Annual Tax on a Home with the following:
Difference
Average Residential Assessment
$546,917
$622,144
13.75% increase in assessment value
$75,227
Annual General Fund Tax
$2,749.35
$2,864.21
$114.86
Annual School Tax (General & Debt)
$2,829.20
$2,944.46
$115.26

17. Budget Accomplishments
Ensures fiscal responsibility, while addressing the needs of all students
Begins the process of necessary facility upgrades
Supports and further develops the One-to-One Program
Continues the development and implementation of new curriculum
Meets state mandates
Provides for continued staff development
Maintains current educational programs, athletics, and arts