Woodland Township Budget Presentation 2024-2025 Details
Explore the budget planning details for Woodland Township in 2024-2025 including budget development dates, state aid reduction, budget adjustments, enrollment statistics, and advocacy efforts. Stay informed about the financial aspects impacting the township.
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Presentation Transcript
Woodland Township Budget Presentation 2024-2025 Presentation #4 April 29, 2024
2024-2025 Budget Development Dates budget development dates Public Board of Education Budget Discussions Public Board of Education Budget Discussions Dates Dates Time Time Location Location January 29, 2024 January 29, 2024 6:30pm 6:30pm Multi Purpose Room Multi Purpose Room February 26, 2024 February 26, 2024 6:30pm 6:30pm Multi Purpose Room Multi Purpose Room March 18, 2024 March 18, 2024 (tentative budget) (tentative budget) 6:30pm 6:30pm Multi Purpose Room Multi Purpose Room April 29, 2024 April 29, 2024 (final budget (final budget- -public hearing) public hearing) 6:30pm 6:30pm Multi Purpose Room Multi Purpose Room
Where Are We In Our Budget Planning? 1.Administrative review of staffing needs 2.Administrative review of anticipated projects 3.Administrative review of enrollment 4.Administrative budget reviews with all budget managers 5.Tax apportionment received from Lenape School District 6.State aid numbers received, reduction of ($265,662) 7.Tentative budget hearing March 18, 2024 8.Budget public hearing April 29, 2024
State Aid Reduction Budget Budget Year of Deduction Year of Deduction Reduction Amount Reduction Amount 18/19 $23,353 19/20 $41,206 20/21 $12,478 21/22 $57,512 22/23 $192,794 23/24 $62,226 24/25 $265,662 Total $655,231
Reductions/Additions of this Budget 1.1 Staff Member 2.Increased anticipated interest based on historical data 3.Reduced contingency health benefit hold 4.Reduced Sped transportation (pre-school) 5.Use of Capital Reserve for windows (repairs/new) 6.Anticipate IDEA grant at 90% not 80% 7.Use of REAP grant to offset supplies and purchased services
Enrollment ASSA 10/15/XX ASSA 10/15/XX Onroll Onroll Enrollment Enrollment 10/15/19 131 10/15/20 135 10/15/21 118 10/15/22 102 10/15/23 103 10/15/24 estimate 103 PRESENTATION TITLE 2/2/20XX 6
ADD A FOOTER 6/5/2025 7 Advocacy for Woodland School District Advocacy due to S2 began in 2018 our most recent efforts: Met with County Superintendent and Business Administrator Senate Meeting in Newark - spoke before the senate committee Submitted to state of NJ a request for recalculation of Equalization Aid Contacted local legislator and advised community to contact legislators/government officials Phone campaign to government officials to restore state funding to schools Worked with LRSD for regional reductions and impact Continue to work with SOSNJ Action Network for S2 districts losing state aid
General Fund Revenue Comparison, Current vs. Proposed General Fund Revenue Comparison, Current vs. Proposed Budget Budget 2023 2023- -2024 General Fund Revenue General Fund Revenue Approved Approved Proposed Proposed Budget Budget 2024 2024- -2025 Incr Incr/( /(Decr Decr) ) Incr Incr/( /(Decr Decr) ) 2024 2025 Miscellaneous Local Revenue $8,000 $52,295 $44,295 553.69% Budget Fund Balance $243,125 $256,291 $13,166 5.42% State Funding $534,002 $268,360 ($265,642) -49.75% Extraordinary Aid Funding $25,000 $0.00 ($25,000) -100.00% Other Funding $41,069 $0.00 ($41,069) -100.00% Local Tax Levy-General Fund $2,223,979 $2,312,499 $88,520 3.98% Additional Funding (Reserve & Transfer) Total Revenue $0.00 $100,000 $100,000 100.00% $3,075,175 $2,989,445 ($85,730) -2.79%
Where the money comes from Revenues $2.9 Million Surplus & Misc. Surplus & Misc. 13% 13% Federal Sources Federal Sources 1% 1% State Sources State Sources 9% 9% Local Tax Levy Local Tax Levy 77% 77%
General Fund Appropriations Comparison, Current vs. Proposed General Fund General Fund Appropriations Appropriations Final Final 2023 2023- -2024 2024 Preliminary Preliminary 2024 2024- -2025 2025 Incr Incr/( /(Decr Decr) ) Incr Incr/( /(Decr Decr) ) Regular Instruction $877,147 $810,518 ($66,629) -7.60% District Benefits $507,289 $496,660 ($10,629) -2.10% Special Education $861,343 $758,397 ($102,946) -11.95% Central Office/District Services $445,136 $416,514 ($28,622) -6.43% Operations/Maintenance Transportation $214,735 $169,525 $241,331 $166,025 $25,596 ($3,500) 12.39% -2.06% Capital Projects $0.00 $100,000 $100,000 100.00% Withdr Cap Res. Trsfr to Debt Serv & Intrafu Trsfr & Interest on Rsrvs. Total Appropriations $0.00 $0.00 $0.00 0.00% $3,075,175 $2,989,445 ($85,730) -2.79%
ADD A FOOTER 6/5/2025 11 Original Budget 2023-2024 Program Description Proposed 2024-2025 INC/DEC %INC/DEC General Current Expense Regular Programs - Instruction Special Education - Instruction Basic Skills/Remedial - Instruction Co-Curricular Activities Athletic Activities Other Instructional Programs Instruction - Special Education Tuition Attendance Health Services Other Support - Related Services Other Support - Extraordinary Services Guidance CST Curriculum/Improvement of Instruction Library Instruction - Staff Training Support Services - Gen. Adm Support Services - School Admin Central Services - Admn & Info Technology Operation and Maint. Of Plant Student Transportation Services Allocated Benefits Cafeteria Clearance Capital Reserve Withdrawl/Capital Project TOTAL GENERAL CURRENT EXPENSE $877,147 $389,363 $0 $7,723 $7,992 $810,518 $261,648 $88,861 $7,723 $7,992 ($66,629) ($127,715) $88,861 $0 $0 $0 ($174,063) ($796) $3,882 $103,649 $0 $0 ($18,874) $11,389 $0 $0 $7,543 ($7,264) ($18,200) $26,596 ($3,500) ($10,629) $0 $100,000 ($85,750) -7.60% -32.80% #DIV/0! 0.00% 0.00% #DIV/0! -51.91% -10.42% 6.35% 90.87% #DIV/0! #DIV/0! -13.81% 23.22% 0.00% #DIV/0! 10.74% -10.49% -31.88% 12.39% -2.06% -2.10% #DIV/0! #DIV/0! -2.79% $335,349 $7,640 $61,129 $114,057 $0 $0 $136,631 $49,057 $1,000 $0 $70,217 $69,256 $57,085 $214,735 $169,525 $507,289 $0 $0 $3,075,195 $161,286 $6,844 $65,011 $217,706 $0 $0 $117,757 $60,446 $1,000 $0 $77,760 $61,992 $38,885 $241,331 $166,025 $496,660 $0 $100,000 $2,989,445
Where the money goesExpenditures $2.9 Million Operation/Maint. Operation/Maint. 11% 11% includes $100k Cap includes $100k Cap Reserve Reserve Transportation Transportation 5% 5% Employee Benefits Employee Benefits 17% 17% Central/District Services Central/District Services 13% 13% Special Special Education Education 26% 26% Reg. Instruction Reg. Instruction 28% 28%
A General Fund Tax Levy History Reference Dates: 2010 2% Tax Levy cap imposed 2013 School budget vote eliminated 2021 2021- -22 22 2022 2022- -23 23 2023 2023- -24 24 2024 2024- -25 Anticipated Anticipated $2,312,499 25 General Fund $2,137,620 $2,180,372 $2,223,979 % Increase 2.0% 2.0% 2.0% 3.98%
Preliminary Tax levy 2022-2023 General Fund Tax Levy General Fund Tax Levy 2023 2023- -2024 2% 2024 2% Increase & Debt Increase & Debt Service Service 2024 2024- -2025 2% 2025 2% Increase & Increase & Banked Cap Banked Cap Tax Levy 2% $2,223,979 $2,268,459 2.00% Increase on 23-24 Tax Levy Banked Cap Banked Cap/Adjustments $0.00 $44,040 Total General Fund Tax Levy $2,223,979 $2,312,499 3.98% Total Tax Levy Total Revenue from Local Sources $2,223,979 $2,312,499 Total Tax Contribution
ADD A FOOTER 6/5/2025 15 WOODLAND TOWNSHIP SCHOOL DISTRICT TAX RATE CALCULATIONS INCREASE/ (DECREASE) 23-24 to 24-25 PERCENT VARIANCE 2023-24 2024-25 Aggregate assessed values (from Burlington County Abstract of Ratables 2019) 154,270,194 154,493,688 223,494 0.145% AMOUNT TO BE RAISED BY TAXES - GENERAL FUND (SPLIT YEAR) 2,202,176 2,268,239 66,063 3.00% TOTAL GENERAL FUND TAX LEVY 2,202,176 2,268,239 66,063 3.00% AMOUNT TO BE RAISED BY TAXES - DEBT SERVICE 0 0 0 #DIV/0! TOTAL DEBT SERVICE TAX LEVY 0 0 0 #DIV/0! TOTAL TAX LEVY 2,202,176 2,268,239 66,063 3.00% 2023-2024 2024-2025 23-24 to 24-25 VARIANCE TAX RATE (CALCULATED) - GENERAL FUND TAX RATE (CALCULATED) - DEBT SERVICE 1.4275 0.0000 1.4682 0.0000 0.0407 0.0000 2.85% #DIV/0! TOTAL TAX RATE $ 1.43 $ 1.47 0.0407 2.85% Per $100 of Assessment GENERAL FUND TAX DOLLARS ON THE AVERAGE ASSESSED HOME VALUE ($255,200) ANNUAL $3,746.78 TOTAL ANNUAL COST TOTAL MONTHLY COST $3,746.78 (23-24 $3,677.88) $312.23 (23 (23- -24 $306.49) 24 $306.49)
Visit Woodlands website www.Woodlandboe.org Laura Archer Business Administrator/Board Secretary larcher@Woodlandboe.org This Photo by Unknown Author is licensed under CC BY-ND
