The Budget Development Process
Important FactsGoalsAt a GlanceRevenue SummaryProgram Summary Equalized ValuationTax Impact Budget Adjustments
Northern Burlington County RegionalSchool District Budget
2011-2012
Conclusions From Community Budget Committee
Preserve All Core Academic Programs. Maintain All Core Non-Instructional Services. “We don’t
feel we are in a
position to recommend
specific cuts.”
“The Board should
seek the 2% tax
increase.”
“Core Academic Programs need to be our
priority.”
“This process is not as simplistic as we imagined. The programs offerings are comprehensive.
Points of Discussion
1. NO NEW TAXES and implications of passing budget.
2. Reductions include: administrative and support staff.
3. Privatization and revenue centers . . .
Updates:“Planned Programs
can now be maintained as a
result of the tentative joint
agreements and the anticipated
reduction to Health Care Costs.”
“There will be NO NEW TAXES as a
result of the increased State
Aid.”
Important Facts NBC’s Proposed General Fund Tax Levy is ZERO (0%)
Increase. * SFRA (School Funding Reform Act) caps Tax Levy increase to
2%. NBC’s General Fund State Aid increased 2.56% or $310,377 Solar Project Capital Reserve budget contribution =
$100,000 12% reduction in Administrative Costs State assessed a fee for SDA construction grants for $61,709 Ed Jobs Fund (Federal Stimulus monies) = $401,000.
* Note: NBC is eligible for a 2% cap increase in addition to several cap waivers. However, the Board has decided not to increase spending by exercising the 2% cap or implementing cap waiver options.
Goals for the 2011-2012 Budget
Preserve All Core Academic Programs. Courses required for graduation Electives core to Northern’s Mission Technology
Maintain All Core Non-Instructional Services. Facility Maintenance Transportation School Safety and Security
Goals:2011-2012 Budget
Preserves All Core and Elective Programs. Maintains All Teaching Positions. Maintains Extra Curricular, Co Curricular, And
Athletic Programs. Eliminates a Full-Time Administrator. Eliminates a Full-Time Facilities Supervisor Applies State Aid Increase of $310,377 to
Eliminate Local Tax Impact. NO NEW TAXES
2011-2012 General Fund Budget
$29,564,725**2.5% Decrease
BUDGET AT A GLANCE
• This figure includes general fund, federal funds, and debt service.
• $100,000 ‘CORE Energy Rebate’ Applied to Debt Service Tax Levy to Lower Taxes.
Total 2011-2012 Budget$32,941,781*
*2.09% Decrease
BUDGET AT A GLANCE
This is the figure voters will be asked to approve in the school election on April 27, 2011.
Amount to be raised in taxesFor the General Fund budget.
$15,996,421**NO NEW TAXES
BUDGET AT A GLANCE
*NO NEW TAXES
2002$10,510,810
2012$10,866,744+$310,377
(1%)
Revenue SummaryState Aid In Review
+$45,557+310,377
General Fund Revenue Summary2008-2009 2009-2010 2010-2011
Budget 2011-2012
Fund Balance- General Fund $1,795,660 $1,520,000 $2,547,250 $1,000,000
Tax Levy $15,461,943 $15,996,421 $15,996,421 $15,996,421
State Aid $12,106,389 $10,355,344 $10,556,367 $10,866,744
Miscellaneous $616,937 $523,286 $479,136 $555,755
Impact Aid $744,588 $891,583 $744,588 $744,588
Federal Stimulus Funds $1,751,045 $401,217
Total General Fund Revenue $30,725,517 $31,037,679 $30,323,762 $29,564,725-1.31% -2.50%
Prog
ram
Sum
mar
y Program Description 2010-11Proposed 2011-2012 INC/DEC %INC/DEC
General Current Expense Regular Programs - Instruction $8,614,630 $8,678,593 $63,963 0.74%Special Education - Instruction $1,619,284 $1,582,606 ($36,678) -2.27%Basic Skills/Remedial - Instruction $465,256 $417,280 ($47,976) -10.31%Bilingual Education - Instruction $12,615 $10,504 ($2,111) -16.73%Vocational Program - Local $438,716 $436,792 ($1,924) -0.44%Activities - Instruction $311,226 $311,226 $0 0.00%School-Sponsored Athletics $717,357 $717,357 $0 0.00%Other Instructional Programs $0 $0 $0 Community Services Operations $275 $275 $0 0.00% Undistributed Expenditures: Instruction - Special Education Tuition $859,708 $1,016,346 $156,638 18.22%Attendance & Social Work Services $147,867 $150,507 $2,640 1.79%Health Services $311,158 $300,962 ($10,196) -3.28%Other Support Ser-Students-Req-Guidance $738,661 $713,240 ($25,421) -3.44%Oth. Supp. Serv.-Std. Rel & Ext $559,015 $571,332 $12,317 2.20%Other Support Services - Special -CST $704,822 $659,415 ($45,407) -6.44%Improv of Instr Serv/Oth Sup Ser $451,434 $452,948 $1,514 0.34%Library $181,324 $180,241 ($1,083) -0.60%Instructional Staff Training Services $284,627 $282,200 ($2,427) -0.85%Support Services - Gen. Adm $676,214 $671,433 ($4,781) -0.71%Support Services - School Admin $1,251,947 $1,104,597 ($147,350) -11.77%Central Services - Admn & Info Technology $484,168 $480,513 ($3,655) -0.75%Operation and Maint. Of Plant $3,356,775 $3,217,510 ($139,265) -4.15%Student Transportation Services $1,855,639 $1,936,881 $81,242 4.38%Business/Other Support Services $0 $0 $0 Employee Benefits $6,097,522 $5,270,296 ($827,226) -13.57%Food Services $0 $0 $0 0.00% Appropriation to Emergency Reserve $0 $0 $0 0.00% Total Undistributed Expense $17,960,881 $17,008,421 ($952,460) -5.30%TOTAL GENERAL CURRENT EXPENSE $30,140,240 $29,163,054 ($977,186) -3.24% Total Capital Outlay $173,912 $372,533 $198,621 114.21%Total Adult Education - Local Instruction $9,610 $0 ($9,610) -100.00%Transfer Funds to Charter School $29,138 $29,138 #DIV/0!GENERAL FUND GRAND TOTAL $30,323,762 $29,564,725 ($759,037) -2.50%
District # MunicipalityEqual. Value of
Municipality
Elementary Enrollment
10/15/10
Regional Enrollment
10/15/10Elementary
Percent
Elementary Equalized Valuation
Regional Equalized Valuation
2011-12 Percent Share
0830 Chesterfield 713,517,932 543 337 61.70% 440,240,564 273,277,368 21.7577438%2960 Mansfield 1,282,827,906 719 580 55.35% 710,045,246 572,782,660 45.6036973%3650 North Hanover 458,272,038 1,061 698 60.34% 276,521,348 181,750,690 14.4705907%5010 Springfield 459,596,712 290 286 50.35% 231,406,944 228,189,768 18.1679682%
NBC 2,914,214,588 2,613.0 1,901 1,658,214,102 1,256,000,486 100.0000000%
District # MunicipalityEqual. Value of
Municipality
Elementary Enrollment
10/15/09
Regional Enrollment
10/15/09Elementary
Percent
Elementary Equalized Valuation
Regional Equalized Valuation
2010-11 Percent Share
0830 Chesterfield 720,868,052 493 331 59.83% 431,295,356 289,572,696 21.8599351%2960 Mansfield 1,336,609,697 697 594 53.99% 721,635,575 614,974,122 46.4245924%3650 North Hanover 496,725,277 1,015 632 61.63% 306,131,788 190,593,489 14.3879632%5010 Springfield 479,592,285 304 279 52.14% 250,059,417 229,532,868 17.3275093%
NBC 3,033,795,311 2,509.0 1,836 1,709,122,136 1,324,673,175 100.0000000%
District # MunicipalityEqual. Value of
Municipality
Elementary Enrollment
10/15/08
Regional Enrollment
10/15/08Elementary
Percent
Elementary Equalized Valuation
Regional Equalized Valuation
2009-10 Percent Share
0830 Chesterfield 671,382,763 439 291 60.14% 403,769,594 267,613,169 19.7068418%2960 Mansfield 1,349,939,972 687 625 52.36% 706,828,569 643,111,403 47.3582624%3650 North Hanover 556,802,474 1,010 629 61.62% 343,101,684 213,700,790 15.7367729%5010 Springfield 499,028,839 316 278 53.20% 265,483,342 233,545,497 17.1981229%
NBC 3,077,154,048 2,452.0 1,823 1,719,183,189 1,357,970,859 100.0000000%
Allocation of Equalized Valuation - CEIFA 11/12
Allocation of Equalized Valuation - CEIFA 09/10
Allocation of Equalized Valuation - CEIFA 10/11
Northern Burlington County Regional School District2011 - 2012 Tax Impact At A Glance
Total/Average Chesterfield Mansfield North Hanover SpringfieldProjected Assessed Value 2/1/11: $2,912,399,054 $714,138,185 $1,324,298,974 $428,453,160 $445,508,735
Share of N.B.C. Tax Levy 100.00 21.76 45.60 14.47 18.17
General Fund Tax Levy $15,996,421 $3,480,460 $7,294,959 $2,314,777 $2,906,225General Fund Tax Rate $0.487 $0.551 $0.540 $0.652General Fund Tax Increase/(Decrease) * TBD ($0.013) TBD $0.033
Debt Service Tax Levy $2,015,105 $438,441 $918,962 $291,598 $366,104Debt Service Tax Rate $0.061 $0.069 $0.068 $0.082Debt Service Tax Rate Increase/(Decrease) TBD ($0.004) TBD $0.00
Total General & Debt Tax Levy $18,011,526 $3,918,902 $8,213,922 $2,606,374 $3,272,328Total General & Debt Tax Rate $0.549 $0.620 $0.608 $0.735 Total Increase/(Decrease) in Taxes TBD ($0.016) TBD $0.035 Average Assessed Home $396,500 $340,200 $319,400 $321,400 Average Tax Increase/(Decrease) ($79.64) ($44.00) ($19.47) $105.87
* Please note that in 2010, Chesterfield and North Hanover Townships completed a reassessment of real estate values. Therefore the real estate tax impact is contigent upon a homes' reassessed value. Accordingly, the tax rate implication noted above may or may not decrease your tax bill.
Chesterfield Township Reassessment Inquiry
2010-11 2011-12 Variance ($) Variance (%)Regional School Tax Rate 0.50188412 0.548759577 $0.046875 9.34%
ASSESSMENTSAverage Assessed Value $449,400 $396,500 -$52,900 -11.77%Same assessment $396,500 $396,500 $0 0.00%Example 1 assessment $330,000 $280,000 -$50,000 -15.15%Example 2 assessment $530,000 $420,000 -$110,000 -20.75%Breakeven assessment $400,000 $365,000 -$35,000 -8.75%
REGIONAL SCHOOL TAXAverage Assessed Value $2,255.47 $2,175.83 -$79.64 -3.53%Same assessment $1,989.97 $2,175.83 $185.86 9.34%Example 1 assessment $1,656.22 $1,536.53 -$119.69 -7.23%Example 2 assessment $2,659.99 $2,304.79 -$355.20 -13.35%Breakeven assessment $2,007.54 $2,002.97 -$4.56 -0.23%
N. Hanover Township Reassessment Inquiry
2010-11 2011-12 Variance ($) Variance (%)Regional School Tax Rate 1.105607897 0.608321854 -$0.497286 -44.98%
ASSESSMENTSAverage Assessed Value $177,500 $319,400 $141,900 79.94%Same assessment $177,500 $177,500 $0 0.00%Example 1 assessment $153,900 $272,000 $118,100 76.74%Example 2 assessment $99,000 $210,000 $111,000 112.12%Example 3 assessment $210,500 $321,700 $111,200 52.83%Breakeven assessment $177,500 $321,275 $143,775 81.00%
REGIONAL SCHOOL TAXAverage Assessed Value $1,962.45 $1,942.98 -$19.47 -0.99%Same assessment $1,962.45 $1,079.77 -$882.68 -44.98%Example 1 assessment $1,701.53 $1,654.64 -$46.90 -2.76%Example 2 assessment $1,094.55 $1,277.48 $182.92 16.71%Example 3 assessment $2,327.30 $1,956.97 -$370.33 -15.91%Breakeven assessment $1,962.45 $1,954.39 -$8.07 -0.41%
1,695
1,765
1,903
1,956 1,962 1,964
1,916
1,8481,822
1,836
1,901
1,982
1,550
1,600
1,650
1,700
1,750
1,800
1,850
1,900
1,950
2,000
2,050
2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 Proposed 2012
Total Student Enrollment
232 226 237 221 227 225 227260
291 331
337363353
420
484
554
614648 639 611
625594 580 588
824 825
888 891
818783
725672
628 632
698738
286294 294 290 303 308 325 305
278 279
286 293
0
150
300
450
600
750
900
1,050
STUD
ENTS
YEAR
ENROLLMENT ANALYSIS
Chesterfield
Mansfield
N. Hanover
Springfield
PLEASE VOTEAPRIL 27, 2011