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Published byJaidyn Silvey Modified over 10 years ago
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Student Population – 1848 (including 1470 Leonia students, 352 Edgewater students, and 26 students from other districts) Staff – 322 (including administrators, professional staff, teacher assistants, clerical staff and custodians) Includes 51 Leonia residents who work full time and an additional 34 Leonia residents who work as subs and/or coaches
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Proposed School Budget: $31,838,455 Proposed Local Tax Levy: $17,740,265 Reflects $347,848 (2%) increase from 2013-14 Taxpayer impact for School Tax and Debt Service Fiscal year increase of 0.99% ($70) Calendar year increase of 0.82% ($57) o School Tax/$100 average assessed home value o Average assessed home value = $431,600
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The 2014-15 proposed budget ensures that the School Community of Edgewater and Leonia will continue to operate at a high-performing level in a cost-conscious economic time and anticipates substantial progress and growth. We remain a prudently managed public resource that is supportive of community interests and responsive to the individual needs of families and their children.
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To balance this budget, we... Reduced teaching staff by 1.9 FTE Reduced administrative staff to accommodate Curriculum Director’s role Supported operating budget with revenue once dropped to surplus Purchased one-time supplies/equipment from surplus funds rather than from the operating budget Expensed “potential” out-of-district placements to surplus Accommodated contractual obligations and projected contract settlements
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RevenueBudget FY 2013-2014Proposed FY 2014-2015 Local Tax Levy$17,392,417$17,740,265 Mandated Fund Balance$2,257,687$2,987,049 Tuition & Transportation other LEA’s $7,022,172$7,034,323 Other Revenue$226,229$311,095 (includes ESY and entire Evergreen Program) State Aid$3,537,623$3,765,723 (includes $200,000 Extraordinary Aid) Total$30,436,128$31,838,455
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General Current Expense2013-2014 Budget2014-2015 Proposed Budget Instruction$12,899,130$13,119,588 Administration$2,912,737$2,982,366 Benefits$5,304,569$5,329,200 Tuition$1,241,976$1,511,120 Support Services$3,190,426$3,209,354 Operations &Maintenance$3,741,412$4,023,907 Transportation$992,699$938,427 Co-Curricular & Athletics$645,477$607,000 Other$170,016$117,493 General Fund Total$31,098,439$31,838,455
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FY 2013-2014FY 2014-2015 Inc/(Dec) Current ExpenseTax Point $133,398Tax Point $122,269 Local Tax Levy$17,392,417$17,740,265 School Tax/$100 of Assessed Home Value $1.30$1.45 Avg. Assessed Home Value $474,215 (2013)$431,600 (2014) School Tax on Avg. Home$6,183$6,262$79 Debt Service Principal & Interest$2,345,815$2,334,693 Debt Service on Avg. Assessed Home $834$824($10) Combined School Tax & Debt Service $7,017$7,086$69
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CY 2013-2014CY 2014-2015Inc/(Dec) Current ExpenseTax Point $133,398Tax Point $122,269 Local Tax Levy$17,221,903$17,566,341 School Tax/$100 of Assessed Home Value $1.29$1.44 Avg. Assessed Home Value $474,2015 (2013)$431,600 (2014) School Tax on Avg. Home $6,122$6,201$79 Debt Service Principal & Interest$2,409,578$2,365,979 Debt Service on Avg. Home $857$835($22) Combined School Tax & Debt Service $6,979$7,036$57
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