GALLOWAY TOWNSHIP
PUBLIC SCHOOLS
2014 - 2015
Preliminary Budget Presentation
Presented to the Galloway Township Board of Education
November 18, 2013
PRELIMINARY BUDGET PLANNING

Current Budget
 Where

Budget Considerations 2014-2015
 Where

are we?
are we going?
2014-2015 Budget Planning
 How
do we get there?
CURRENT BUDGET – WHERE ARE WE?
CURRENT BUDGET 2013-2014 REVENUES
Withdrawal Capital Fund Balance
6%
Reserve
4%
Miscellaneous
Other
0%
Local Tax Levy
50%
State Aid
40%
CURRENT BUDGET 2013-2014 EXPENDITURES
TUITION/
CHARTER
TRANSPORTATION
SUPPLIES
MISC
TXFR TO FOOD
SVC
CAPITAL
PURCHASED
SERVICES
OTHER
EMPLOYEE
COSTS
HEALTH
BENEFITS
SALARIES
CURRENT BUDGET 2013-2014 EXPENDITURES
Food Service
0%
Capital
5%
Employee Benefits
22%
Transportation
7%
Operations/
Maintenance
7%
Administration
6%
Instruction
39%
Student
Support Services
9%
Tuition and Charter
5%
2013 TAXPAYER’S GUIDE TO EDUCATION SPENDING
K-8 District with enrollment over 750 (n=88)
2011-12 Cost per pupil $16,733 (53 / 88)
 Administration per pupil $1,257 (22 / 88)
 Legal Services per pupil $10 (5 / 88)
 Food Service Contribution $4 (2 / 88)
 Ratio-Students to Teacher 11.1 (77 / 88)
 Ratio-Students to Admin 213.4 (24 / 88)
 Ratio-Faculty to Admin 21.8 (11 / 88)

BUDGET CONSIDERATIONS–WHERE ARE WE GOING?
2014-2015 BUDGET CONSIDERATIONS
Maintaining current class size and programs
 Replenishment of consumable materials
 No new series / curriculum purchases
 PARCC preparation
 Technology
 Facilities and maintenance
 School security upgrades
 Capital projects

2014-2015 BUDGET CONSIDERATIONS

Tax levy cap
 Approximately
$585,000 for the 2014-15 budget
 Represents 0.998% of the general fund budget

Banked cap
 $879,118
of available banked cap
 Entire amount will disappear if not utilized in
2014-15 budget
2014-2015 BUDGET CONSIDERATIONS

Fund Balance
 2013-2014
2,770,222
to fund general budget
750,000 to fund capital reserve
 2014-2015
2,799,822 in audited excess surplus
As per 2013 district audit presented to the BOE
in October
BUDGET PLANNING-HOW DO WE GET THERE?
HOW DO WE GET THERE?
Budget development calendar
 Meetings/Planning with district administrators
 Payroll/Benefits projections
 Accumulation of data
 Projected staffing meetings
 Meetings with board committees
 Further public presentations
 Input from community members/stakeholder
groups

UNKNOWN FACTORS FOR 2014-2015
The budget is a plan, not absolute
 Enrollment projections
 ROD grant applications
 State aid – historically released in February
 Budget approval timelines
 Unanticipated costs

QUESTIONS/COMMENTS
Thank you!