Post on 19-Jul-2020
Winslow Township Board of Education
2019-2020 Budget Presentation
Preparing our Students for Tomorrow….Today!
H. Major Poteat, Ed.D., Superintendent & Administrative Team
Student Achievement.
Continue to foster a positive school environment that is conducive to teaching and learning.
Market our strengths and achievements to all stakeholders to increase capacity for greater parent/caregiver/community support.
To present a fiscally sound budget which assists in achieving these goals.
Oct. 13, 2017 Oct. 15, 2018 Oct. 15, 2019
Actual Actual Estimated
Full-Time 4,854 4,828 4,849
Sent:
Private Schools 55 67 66
Other Districts 71 54 47
Received 215 186 181
State Facilities 13 8 8
Increase: $269,541
2018-2019
Operating Budget $44,819,875
Preschool Aid 825,815
Total $45,645,690
Less Reduction (906,633)
Revised State Aid $44,739,057
2019-2020
Operating Budget $44,266,082
Preschool Aid 742,516
Total $45,008,598Less Reduction ---Revised State Aid $45,008,598
Increase: $51,542
2018-2019
SEMI $ 197,627
Proposed2019-2020
SEMI $ 249,169
Decrease: ($4,801,198)
2018-2019
Tax Levy: $48,603,069
Fund Balance: 3,639,470
WD Cap’l Rsv 10,000,000
WD Maint Rsv -0-
$62,242,539
2019-2020
Tax Levy: $49,575,130
Fund Balance: 2,602,744
WD Cap’l Rsv 5,263,467
WD Maint Rsv -0-
$57,441,341
Funding Sources:
Local Tax Levy $ 49,575,130
State Aid 44,266,082
Extraordinary & Other Aid 809,209
Fund Balance 2,602,744Tuition 3,133,061
Misc/Int Cap/Main Rsv 80,600
Semi 249,169
WD from Capt Rsv 5,263,467
Total Operating Budget $105,979,462
2019-2020
Drone Classes– High School
7 School Bus- Vehicle Rotation
New Text Book Adoptions
Additional & Replacement Chromebooks –Throughout District
Update PA Systems
All Schools $3,723,083
Replace Unit Ventilators
D Wing- High School 605,000
Renovations -Administration
Building 935,384
Parking Lot – School #2 $221,766
Drainage Issue – Parking Lot
School #3 36,000
Sidewalk and Parking Lot Circulation
School #6 209,132
Support current staffing No charge to participate in extra/co -curricular
activitiesContinue to invest in the District’s infrastructureContinue to invest in TechnologyContinue to invest in the ARTSContinue to support the best outcomes for our
Students
Instruction $ 39,740,758 Tuition 7,562,501
Student Support 12,182,598
Adm/Info Tech 7,483,738
Operation & Maint. 7,231,018
Student Transportation 8,008,310
Benefits 16,574,826
Int Earned – Maint. Rsv 500
Capital Outlay 6,456,509
Transfer to Charter Schools 738,704
Total Operating Budget $ 105,979,462
Revenues 2017-2018 2018-2019 2019-2020
Actual Revised Proposed
Local Tax Levy $47,650,068 $ 48,603,069 $49,575,130
State Aid 45,364,466 44,113,242 45,075,291
Tuition 3,342,423 3,342,880 3,133,061
Other Local Sources 625,008 80,600 80,600
Federal – SEMI 149,299 197,627 249,169
Transfers from other Funds 3,753,755
Adjust for PY Encumbrances 2,398,795
W/D Capt or Maint Rsv 10,100,000 10,000,000 5,263,467
Budgeted Fund Balance (2,208,343) 3,639,470 2,602,744
Total Revenues $108,776,676 $112,375,683 $105,979,462
Expenses
Instruction $44,102,080 $ 46,969,948 $47,303,259
Student Support 11,074,369 11,944,533 12,182,598
Adm/Info Tech 6,139,706 7,890,997 7,483,738
Operation & Maint. 6,816,076 7,946,375 7,231,018
Transportation 8,175,365 8,125,873 8,008,310
Benefits 14,132,893 16,063,097 16,574,826
Transfer to Charter Schools 557,205 613,392 738,704
Capital /Maint 17,778,982 12,821,468 6,457,009
Total Approp. $108,776,676 $112,375,683 $105,979,462
Budget Tax Levy
General Fund $105,979,462 $49,575,130
Special Revenue Fund 3,909,752 --
Debt Service Fund 2,406,916 1,278,707
112,296,130 50,853,837
Less Local Contr (400,000) --
Total $111,896,130 $50,853,837
2019
Net Valuation Taxable $2,647,263,126
Average Residential
Assessment 2019 $175,200
Tax Rate 1.907
2019 - $0.01 Increase Raises $264,726
2018 Home assessed at $175,100 - $3,288
2019 Home assessed at $175,200 - $3,341
Tax Increase of approx.- $53