1. Public Hearing 2008-2009 School Budget March 19, 2008 Public Hearing 2008-2009 School Budget March 19, 2008 Deerfield Board of Education

2. Budget Development Early to Mid-November - Teachers discuss needs with building principal and superintendent. December-January - Teachers and other personnel submit requests for funds and programs to the principal/Superintendent. Budgets are reviewed by the Superintendent.

3. Budget Development December/January-Preliminary figures were released along with the new funding formula January/February – Superintendent and Business Administrator review district needs and budget priorities February - Board of Education reviews budget and approves preliminary budget on February 27, 2008 February 26, 2008 - Governor’s address on status of the state budget February 28, 2008 - Debt Service State Aid figures are released and the budget is revised based on these numbers

4. Budget Development March 6, 2008 - Deadline to submit the budget to the Cumberland County Office of Education for review March 19, 2008 - Public Hearing. The Budget is finalized for submission to the voters April 15,2008 - School Election

5. The 2008-2009 Budget includes: No staffing or program cuts (accounts for 2 retirements) – Ability to continue the expansion of the K-2 math series into grade 3 2 additional out of district student placements from 2007- 2008 Additional professional development for Board of Education, as required by law New funding formula State aid = 2.9% over 2007-2008 figures

6. 2008-2009 Anticipated Revenues Tax Levy-Current 2,119,36139.9% State Aid 2,381,74744.8% Restricted State Aid 95,8541.8% Tax Levy-Debt 281,0105.3% Debt Service Aid 182,1903.4% Federal Programs155,3952.9% Fund Balance 79,4241.5% Miscellaneous21,0000.4% Total 5,315,981100%

7. 2008-2009 Anticipated Revenues

8. 2008-2009 Anticipated Expenditures Instructional /Reg. Ed Tuition1,648,69531.0% Debt Service 467,1078.8% Employee Benefits709,99813.4% Student Support Services 294,6545.5% Special Education836,47615.7% Operations & Maintenance500,4009.4% Administrative Costs 367,0496.9% Transportation324,2146.1% Business/Support Services141,5762.7% Capital Outlay25,8120.5% Total 5,315,981100.0%

9. 2008-2009 Anticipated Expenditures

10. ANALYSIS OF TAXES 2005-20062006-20072007-20082008-2009 Current Tax Levy $1,743,257 $1,933,6902,084,2722,119,361 Debt Service Tax Levy 278,868262,080261,859281,010 Total Tax Levy 2,022,1252,195,7702,346,1312,400,371 Ratables 171,360,347175,514,121181,724,786181,672,700 Tax Rate $1.18$1.25$1.29$1.31 Total Tax Increase $0.082$0.071$0.040$0.023

11. Average Home Assessment for Deerfield Township 2005-20062006-20072007-20082008-2009 Value=$128,000$130,100$132,800$133,000 Taxes= $1513$1628$1714$1,748 Increase from ‘07-’08 to ‘08 - ‘09 on the average assessed value =____$34.00________

12. APRIL 15, 2008 2:00 p.m. – 9:00 p.m. at the Municipal Building PLEASE REMEMBER TO VOTE