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