Public Hearing2008-2009 School Budget
March 19, 2008
Public Hearing2008-2009 School Budget
March 19, 2008
Deerfield Board of EducationDeerfield Board of Education
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.
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
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
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
2008-20092008-2009 Anticipated RevenuesAnticipated Revenues
Tax Levy-Current 2,119,361 39.9%
State Aid 2,381,747 44.8%
Restricted State Aid 95,854 1.8%
Tax Levy-Debt 281,010 5.3%
Debt Service Aid 182,190 3.4%
Federal Programs 155,395 2.9%
Fund Balance 79,424 1.5%
Miscellaneous 21,000 0.4%
Total 5,315,981 100%
2008-20092008-2009 Anticipated RevenuesAnticipated Revenues
Tax Levy-Current39.9%
State Aid44.8%
Restricted State Aid
1.8%
Tax Levy-Debt5.3%
Debt ServiceAid
3.4%
Federal Programs
2.9%
Fund Balance
1.5% Miscellaneous0.4%
2008-2009 2008-2009 Anticipated ExpendituresAnticipated Expenditures
Instructional /Reg. Ed Tuition 1,648,695 31.0%
Debt Service 467,107 8.8%
Employee Benefits 709,998 13.4%
Student Support Services 294,654 5.5%
Special Education 836,476 15.7%
Operations & Maintenance 500,400 9.4%
Administrative Costs 367,049 6.9%
Transportation 324,214 6.1%
Business/Support Services 141,576 2.7%
Capital Outlay 25,812 0.5%
Total
5,315,981 100.0%
2008-2009 2008-2009 Anticipated ExpendituresAnticipated Expenditures
Instructional /Reg. Ed Tuition
31%Debt Service8.8%
Employee Benefits13.4%
Student SupportServices
5.5%
SpecialEducation
15.7%
Operations & Maintenance
9.4%
AdministrativeCosts6.9%
Transportation6.1%
Business/Support Services
2.7%
Capital Outlay0.5%
ANALYSIS OF TAXES
2005-2006 2006-2007 2007-2008 2008-2009
Current Tax Levy $1,743,257 $1,933,690 2,084,272 2,119,361
Debt Service Tax Levy 278,868 262,080 261,859 281,010
Total Tax Levy 2,022,125 2,195,770 2,346,131 2,400,371
Ratables171,360,34
7175,514,12
1 181,724,786181,672,70
0
Tax Rate $1.18 $1.25 $1.29 $1.31
Total Tax Increase $0.082 $0.071 $0.040 $0.023
Average Home Assessment for Deerfield Township
2005-2006 2006-2007 2007-2008 2008-2009
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________
APRIL 15, 20082:00 p.m. – 9:00 p.m.
at the Municipal Building
PLEASE REMEMBER TO
VOTE
