Brett Charleston, Superintendent Kathy Bechtel, School Business Administrator Dr. Rosalie Winning, Assistant Superintendent March 13, 2017

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1 PEQUANNOCK TOWNSHIP SCHOOL DISTRICT BUDGET Brett Charleston, Superintendent Kathy Bechtel, School Business Administrator Dr. Rosalie Winning, Assistant Superintendent March 13, 2017

2 Changes in Enrollment Est.

3 Priorities included in the budget include the following Educational Programs & Services New staff, programs, services Director of Security Kindergarten Teacher for 8 th Section Full-time Teacher for Pre-School Health Benefit Increase of 15% Infrastructure for Technology (i.e. wireless upgrades, switches, wiring) Increase Substitute Pay to $95 / Day Purchase of Two District Pickup Trucks Addition of Middle School Field Hockey Team Positions not in the budget due to declining enrollment 5 FTE Certificated Staff 1 FTE Certificated Position not Replaced due to Retirement 1 FTE Certificated Position Reduced to.6 Reduction of 4 Full-time Instructional Aides to 4 Part-time (.7) positions

4 budget priorities include the following Educational Programs, Services, & Capital Projects 8 sections of Kindergarten for Continued implementation of Teacher and Principal Evaluation System. Targeted Professional Development in Common Core & NJ Standards and Technology, Wellness, Stress Reduction, and Integration of Instructional Technology Maintenance of existing class sizes. Continuation of the STEM Academy at PTHS. Cohort 3 currently has 14 students. There are 48 students in cohorts 1 and 2 enrolled in the STEM Academy Continuation of the SLE (Structured Learning Experience) Program at PTHS and Senior Capstone Program. Both programs have a combined enrollment of 50 students. Creation of Pursuing Academic Winning Strategies (PAWS) elementary block. Formation and Implementation of District wide Green Teams and Wellness Initiatives Renovation of 3 PV Science classrooms Renovation of PTHS Bleachers, Sound System, and Coaches Stadium Field Security Upgrades at PV and the 3 Elementary Schools

5 Sources of Revenue for Pequannock Township Public Schools

6 Pequannock Township Public School Revenues Change Local Tax Levy $33,802,109 $33,139, % State Aid $2,247,383 $2,247, % Extraordinary Aid $300,000 $300, % Tuition $304,000 $219, % Miscellaneous Income $44,000 $34, % Transportation Fees LEAs 0 $15, % Rent $70,000 $70, % Withdrawal from Capital Reserve $1,625,000 $595, % Appropriation from Surplus $1,100,000 $1,250, % Total Revenues $39,492,492 $37,870, % There is no increase to 2017/18 state aid

7 Revenues $2,547,383 $1,100,000 $1,625,000 Sources $419,001 Taxes (87%) State Aid (7%) Surplus (3%) $33,802,109 Capital Reserve (2%) Other (1%)

8 Expenditures for Pequannock Township Public Schools

9 Budget Expenditures Regular Programs $ 11,944,190 Special Education 3,520,660 Basic Skills/Remedial Instruction 170,597 Bilingual Ed/ESL/Gifted & Talented 58,015 School Sponsor Co-Curr Activities 868,318 Tuition 1,883,834 Attendance/Health Services 436,245 Speech, OT/PT, Related Services 575,957 Other Support Services (217) 371,564 Guidance 637,804 Child Study Team 787,018 Improvement of Instruction 1,017,405 Media School Library 426,245 Staff Training 75,795 General Admin.-Central Office 675,126 School Administration 1,539,580 Central Svcs & Admin Technology 762,363 Operation/Maintenance/Security 2,996,294 Student Transportation Services 1,111,363 Employee Benefits 7,521,026 Capital Outlay * 2,110,300 Debt Service surcharge 2,793 TOTAL APPROPRIATIONS $ 39,492,492 *Includes monies transferred from capital reserve

10 Distribution of Expenses (excluding Capital Outlay) Expenses $7,521,026 Salaries (60%) Benefits (20%) All Other (20%) $7,429,612 $22,431,554

11 Tax Levy General Fund Tax Levy (2% increase) $33,802,109 Debt Service Tax Levy * 827,445 School Tax Levy to support PTPS: $34,629,554 * Debt Service Tax levy previously approved by the community through an earlier referendum.

12 Tax Levy over 3 years General Fund Local Tax Levy $32,281,958 $33,139,323 $33,802,109 Change +$857,365 +$662,786 Debt Service $820,694 $795,800 $827,445 Change -$24,894 +$31,645

13 Tax Information School tax rate per $100 of assessed valuation YEAR TAX RATE 2016 $ $ Net Valuation $2,435,959,600 Decrease of $45,985,800 TAX IMPACT ON AVERAGE HOME Pequannock Average Home 2017 Tax Increase Township $ 371,813 $207

14 Moving Forward Solar and energy efficiencies Managed print and copy savings (follow me printing) Expansion of pre-school (tuition students) Expansion of special education programs (tuition students) STEM Academy (tuition students) Seton Hall Project Acceleration Partnerships with community based organizations (i.e Chilton Hospital) Shared services and partnerships with area school districts