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Madison Public Schools

2023-24 Tentative Budget Presentation

March 14, 2023

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Presentation Objectives

Propose a balanced tentative budget for the 2023-2024 school year
Detail current program improvements & proposed enhancements for FY24
Review the impact of P.L. 2020, C.44 & pending tax levy adjustments
Explain revenue changes and cost drivers
Provide overview of budget impact

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2023-2024 Budget Process & Dates

Developed from analysis of historic and current actual spending and revenues
Designed to sustain our recent program expansions with continued improvements
Tentative budget will set the maximum revenues and expenditures for the upcoming fiscal year
Public Hearing & Final Adoption on May 2, 2023

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2022-23 Goals drive the 2023-24 Budget

Goal 1

Promote High Levels of Student Achievement for All

Goal 2

Empower Every Child

Goal 3

Model Operational Responsibility

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Districtwide Enrollment Trends

Total Enrollment
Year	Total
2018-19	2613
2019-20	2571
2020-21	2502
2021-22	2471
2022-23	2554
2023-24	2469

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Curriculum & Instruction Objectives

Curriculum writing for a variety of courses and 2022 NJSLS implementations
Software updates and renewals
Continued support for core programs (Schoolwide Fundamentals, Fundations, Math in Focus, Big Ideas, TCI, Newsela, ST Math, Star/Freckle)
Differentiation supports (Exemplars, decodable texts, LEXIA, CogAT)
Textbook purchases in WL
MJS Athletics Coordinator

2022-2023 SY

2023-2024 SY

Program evaluation for ELA
Broad selection of teaching and learning technologies (GimKit, Gizmos, Peardeck, WeVideo, EdPuzzle, GoFormative, Google Workspace for Education Plus)
Continued support for core programs (Schoolwide Fundamentals, Fundations, Math in Focus, Big Ideas, TCI, Newsela, ST Math, Star/Freckle)
MTSS resources (Exemplars, decodable texts, LEXIA, CogAT)

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Special Services Objectives

2022-2023 SY

2023-2024 SY

Expansion of Special Class Language-Based Learning Disabilities Program at MJS
Increased Behavior Consultation Services districtwide
Continued expansion of the district’s vocational and 18-21 year old programming
Enhancement of district’s multisensory reading interventions for students

Increased Transition Coordination Services at MHS
Expansion of the district’s Elementary Autism Program
Increased Occupational Therapy and Speech Language Services Districtwide
Increased Social-Emotional Support at MJS
Increased Behavioral Consultation Services Districtwide

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Facilities & Transportation Objectives

2022-2023 SY

2023-2024 SY

Central Avenue School partial roof replacement (funded through Capital Reserve)
Asbestos abatement at CAS & MJS (funded through Maintenance Reserve)
Transportation support staff
2 full time bus drivers
Additional custodian
2 part time bus driver positions
Gym Floor sanding & refinishing at MHS (aux), MJS & CAS

Central Avenue School partial roof replacement (funded through Capital Reserve)
Continue Asbestos abatement at CAS & MJS (funded through Maintenance Reserve)
Security Vestibules installed in every school
Security personnel
Sidewalk repairs
MHS parking lot repairs & lining
Critical roof top units (funded through Capital Reserve)
Central Avenue School parking lot(funded through Capital Reserve)

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C. 44 & Tax Levy Adjustments

Actual savings realized by a school district as a result of the implementation of the provisions of P.L.2020, c.44 (C.52:14-17.46.13 et al.) shall be used solely and exclusively by the school district for the purpose of reducing the amount that is required to be raised by the local property tax levy by the school district.

For 2023-34 Budget Year, the 2% tax levy allowable increase must be reduced by $78K, or 0.2% points. This reduction is in place because the district has realized savings in employee healthcare benefits.

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Primary Revenues

Major Revenue Categories	Adjusted Budget 2022 - 2023	Proposed Budget 2023 - 2024	$ Change	% Change
Tax Levy	$44,476,745	$45,287,309	$810,564	1.82%
State and Federal Sources	$3,153,538	$3,980,957	$827,419	26.24%
Local Operating Sources	$294,584	$269,584	($25,000)	(8.49%)
Tuition - Other LEAs	$1,971,328	$1,941,005	($30,323)	(1.54%)
Tuition - Individuals	$115,874	$130,000	$14,126	12.19%
Fund Balance	$796,325	$2,544,977	$1,748,652	219.59%
Withdrawal from Reserves	$1,450,908	$2,893,800	$1,442,892	99.45%
Total	$52,259,302	$57,047,302	$4,788,330	9.16%

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Primary Expenses

Major Expense Categories	Adjusted Budget 2022 - 2023	Proposed Budget 2023 - 2024	$ Change	% Change
Salaries	$30,134,201	$31,916,433	$1,782,232	5.91%
Employee Overhead	$7,657,028	$7,764,075	$107,047	1.40%
Student Transportation	$2,553,155	$2,500,834	($52,321)	(2.05%)
Supplies & Services	$5,655,780	$6,268,816	$613,037	10.84%
Tuitions	$2,440,871	$2,379,641	($61,229)	(2.51%)
Maintenance & Capital Projects	$3,818,268	$6,217,832	$2,399,564	62.84%
Total	$52,259,302	$57,047,632	$4,788,330	9.16%

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Reserve Acct. & Capital Project Information

Note: Any unused funds from the prior year automatically get refunded back �to the reserve at the close of the fiscal year (June 30th)

Roofing & Abatement Project Funding Sources	2022-23 Ending Reserve Balances	SY 23-24 Reserve Withdrawal	SY 23-24 Anticipated Deposit	SY 23-24 Projected Reserve Balances
Capital Reserve	$2,619,841	$2,674,400	$1,006,000	$951,441
Maintenance Reserve	$871,645	$219,400	$4,000	$656,245
Total Funds Used	$3,491,486	$2,893,800	$1,010,000	$1,607,686

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Tentative Budget Resolution

�	General Fund	Special Revenues	Debt Service	Total
2023-2024 Total Operating Budget	$57,047,632	$891,846	$2,523,717	$60,463,195
Less: Anticipated Revenues	$11,760,323	$891,846	$563,717	$13,215,886
Local Tax Levy	$45,287,309	$0	$2,006,030	$47,247,309

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Final Notes

Continued innovation of cost savings solutions in the areas of staffing and transportation will be a top priority.
Health and safety remains a primary focus of this budget proposal.
Continuing to expand our curricular goals in the areas of course offerings and data practices.
The 2023-24 school budget requires an estimated 1.82% increase to the school district tax levy (municipal tax, county tax, and debt service tax are calculated separately).
School bond refinancing in 2022 will offset this increase.

Net Tax Impact Projection: Taxes will decrease by $3/year for the average Madison household

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Questions?