The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Tax Impact Budget Adjustments

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%


Municipality


10/15/09

Regional Enrollment

10/15/09Elementary

Percent





NBC 3,033,795,311 2,509.0 1,836 1,709,122,136 1,324,673,175 100.0000000%


Municipality


10/15/08

Regional Enrollment

10/15/08Elementary

Percent





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



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

Documents

The Budget Development Process Important Facts Goals At a Glance Revenue Summary Program Summary Equalized Valuation Tax Impact Budget Adjustments