1. Budget Presentation
2014-2015
April 24, 2014
Vernon Township Board of Education
Charles Maranzano, Jr., Ed.D. - Interim Supt.
Steven Kepnes - Business Administrator
2. Annual Budget Development:
A Question of Balance
Educational Accountability
vs.
Economic Accountability
EFFECTIVENESS EFFICIENCY
3. Conflicting Needs = Tension
Internal Public Voice and External Public Voice
Central Question:
“How can we provide quality education in
Vernon and relive property owners of
higher taxes?”
21. If approved, the four-year budget trend for
Vernon Public Schools results in decreased total
operating budgets over time
2011-12 $ 69,505,656
2012-13 $ 69,544,721 $ + 39,065
2013-14 $ 69,143,261 $ -401,460
2014-15 $ 68,640,904 $ -502,357
We have developed a budget that is $ -864,752
less than the 2011-2012 total operating budget.
22. If a 2% Cap were Achieved in each of
four budget years 2011/12 - 2014/15
The 2011-12 base budget would have grown to:
$ 73,759,957
2014-2015 proposed $ 68,640,904
$ -5,119,053 less than allowed
Resulting in overall taxpayer savings
24. 2014-2015 Budget Proposal:
Balancing Quantitative with Qualitative
• Attempts to maintain academic rigor and programs
• Preserves Arts, Activities, and Athletic Programs
• Emphasizes a commitment to safety and security
• Includes needed facility improvements
• Reduces the number of administrators
• Considers the educational and cost benefits of
outsourcing needed educational services
• Incorporates state mandates ACHIEVENJ, PARCC, and
COMMON CORE
• Considers long-term needs of the School District and the
Vernon taxpayer
25. Cost Savings
The Vernon School Board deserves to be
commended for reducing costs over the past
three budget years due to difficult economic
times.
However, there may be a point in time when
increases to the base budget are needed to
keep up with inflation and provide additional
educational services to children.
26. Which Direction is Right?
“When you get to a fork in the road,
take it.”
Yogi Berra