Teaneck Board of Education Final Budget Presentation 2024-2025

Andre D. Spencer, Ed.D., Superintendent of Schools Haqquisha Q. Taylor, Business Administrator May 1, 2024

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Message from Dr. Spencer

School Year (SY) 2024-2025 will bring greater opportunities for Teaneck Public Schools to reimagine the direction we will take to provide professional learning to improve teaching and learning in our classrooms. We will enhance our ability to measure academic achievement outcomes through established Specific, Measurable, Attainable, Relevant and Time-Based (SMART) goals.	We plan to engage the following: Early College Program, IB World School, Medical Magnet, Internships and Career Credentialing. As we reflect on the completion of the current strategic plan, “Teaneck Advantage,” it is imperative for Teaneck Public Schools to ensure that our actions are leading towards “Excellence for All,” as we aim to become the best school district in Bergen County and the state of New Jersey.

Andre D. Spencer, Ed.D. Superintendent of Schools Teaneck Public Schools

www.teaneckschools.org                                                                                                                                                                                                                                                     2

District Vision & Mission Statements

VISION: The Teaneck Advantage: Educational Excellence for All

MISSION:	The Teaneck Public School District educates and empowers students by providing a high-quality, rigorous education experience which prepares students for success within a diverse, global society.

www.teaneckschools.org                                                                                                                                                                                                                                                     3

District Vision & Mission Statements

Theory	of	Action:	If	Teaneck	Public	Schools concentrates      on      the      quality      of	instructional questioning       and       discussion;       enrichment	and intervention supports to inform scholar’s academic needs, while embedding opportunities for young people to demonstrate active listening and critical thinking,      with	consistent	professional      learning opportunities        that        are        data-informed        and technologically implemented, with a focus on every scholar        through        a        collaborative,        cohesive, cross-departmental              and              inter-disciplinary approach…We will improve the quality of teaching and learning, instructional leadership, and ensure that every scholar achieves the expectations outlined in the Teaneck Public Schools Framework of a Graduate.

www.teaneckschools.org                                                                                                                                                                                                                                                     4

District Accomplishments “Teaneck Achieves”

● District Goal: Academic Achievement ○ Early College Program
○ IB World School ○ Medical Magnet ○ Orton-Gillingham
○ Advanced Placement Courses ● District Goal: Communications
○ Districtwide Communications Plan (Weekly Wednesday Updates) ○ Districtwide Parent Advisory Committee
○ Partnership with the Latino Institute ● District Goal: Professional Learning
○ Teacher Clarity
○ Eureka Math Squared ○ Elevate Science
○ Universal Design for Learning
○ New Jersey Inclusive Education Grant (Benjamin Franklin, Lowell, Whittier, and Bryant)

www.teaneckschools.org                                                                                                                                                                                                                                                      5

District Accomplishments “Teaneck Achieves”

● District Goal: Innovation & Special Projects ○ Sanzari: Glenpointe Marriott Internships

○ Gilmore Realty Program
○ Partnership with Non-Public: Teaneck Reads ○ Rutgers University: Disproportionality Data ○ District Donation-Solicitation Campaign
○ Junior Achievement - BizTown

● District Goal: Safety & Security
○ Social Emotional Learning & Restorative Practices Framework (Character Strong) ○ Safe Spaces
○ Facing History and Ourselves

www.teaneckschools.org                                                                                                                                                                                                                                                      6

District Priorities SY 2024-2025

● Academic Achievement
○ English Language Arts

○ Mathematics ○ Science
○ Social Studies ○ Arts
● Communications
○ Favorable Interaction with Stakeholders (Using Multiple Languages) ○ Strategic Planning
○ Framework of a Teaneck Graduate ● Professional Learning
○ Instructional Practices (Administrators and Teaching Staff) ○ Professional Growth Pathways
○ Job Embedded (ESS Staff)
○ Inclusion and Consultative Practices

www.teaneckschools.org                                                                                                                                                                                                                                                      7

District Priorities SY 2024-2025

● Innovation & Special Projects ○ Bergen Community College

○ Fairleigh Dickinson University ○ Holy Name Hospital
○ Sanzari Corporation ○ Gilmore Realty
● Safety & Security
○ Social Emotional Learning & Restorative Practices Framework (Character Strong) ○ Mental Health & Wellness (Grant Opportunities)
○ Safe Spaces
○ Facing History and Ourselves ● Budget & Finance
○ Fiscal Responsibility

www.teaneckschools.org                                                                                                                                                                                                                                                      8

What is a Budget? It is a balancing act…

www.teaneckschools.org                                                                                                                                                                                                                                                         9

Facility
	Current Enrollment
	Projected Enrollment
	
William Cullen Bryant Elementary School
	PK 3: 99 PK 4: 111
	PK 3: 120 PK 4: 120
	
Teaneck Early Learning Center
	PK 3: 12 PK 4: 15
	PK 3:     15 PK 4:     15
	
Theodora Smiley Lacey School
	PK 3: 30 PK 4: 30
	PK 3:      30 PK 4:      30
	
Bergen Day School (Contracted Provider)
	PK 3: 15 PK 4: 15
	PK 3:      15 PK 4:      15
	
Totals
	327
	360
	
Inclusion Students
	25
	48

Preschool Enrollment
Preschool Expansion Aid (PEA) is based on Projected Enrollment

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2023-2024
	
2024-2025

General Education Classrooms: 24
	
General Education Classrooms: 24

Preschool Disabled Classrooms: 6
	
Preschool Disabled Classrooms: 8

Students in Inclusion Setting: 25
	
Students in Inclusion Setting: 48

In aligning with the N.J.A.C. 6A:13A, Elements of High Quality Preschool Programs, the District is increasing the number of inclusion opportunities in an effort to ensure the inclusion of preschool children with disabilities in general education settings to the maximum extent possible (6A:13A-1.1 Purpose and applicability of rules c.)

Preschool Expansion Aid (PEA) Funding provided for General Education Students

www.teaneckschools.org                                                                                                                                                                                                                                                     11

Enrollment

Application for State School Aid (ASSA). Count on October 15, 2023 is the basis for the State Aid Teaneck Schools will receive for the 2024-2025 School Year.

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Fund Sources Definitions

• Tax Levy – The amount of revenue raised
through property taxes to support Teaneck Public Schools

• State Aid - Funds received directly from the State which are predicated on enrollment and a district’s socio-economic status

• Fund Balance – Surplus funds and/or unused appropriations from prior year budgets

• Capital Reserve – Surplus Funds from prior year budgets reallocated and set aside for future capital improvement projects

• Extraordinary Aid – State aid for special education costs that exceed
$40,000 per year/per student (public school) and $55,000 per year/per student (private school)

• SEMI Aid – Federal aid for services provided to special education students eligible for Medicaid reimbursement

www.teaneckschools.org                                                                                                                                                                                                                                                        13

Revenues

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Revenue Summary

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Appropriations

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2024-2025 General Fund Tax Levy Increase Scenarios

0.00%
	
1.00%
	
1.50%
	
2.00%

Tax Levy
	
$ 100,341,919
	
$ 101,345,338
	
$ 101,847,048
	
$ 102,348,757

Reductions That Would Be Needed
	
$ 2,006,838
	
$ 1,003,419
	
$ 501,709
	
$0

Staffing
	
25
	
13
	
6
	
0

Staffing Reductions Costs OR
	
$ 2,006,838
	
$1,003,419
	
$ 501,709
	
$ 0

Other Expenditure Reductions
	
$ 2,006,838
	
$ 1,003,419
	
$ 501,709
	
$0

Combination of Staffing and Other Reductions

Staffing Reductions
	
13
	
6
	
3
	
29

Staffing Reductions Costs AND
	
$ 1,003,419
	
$ 501,710
	
$ 250,855
	
$ 2,468,731

Other Expenditure Reductions
	
$ 1,003,419
	
$ 501,710
	
$ 250,855
	
$4,031,269

Tax Levy Scenarios

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Reductions with a 2% Tax Levy

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Year
	Ratable Base
	# Residential Properties
	Average Assessed Home Value
	Tax Rate
	
2021
	5,188,972,400
	11,076
	$387,405
	$1.84
	
2022
	5,230,667,600
	11,076
	$387,405
	$1.86
	
2023
	5,251,806,000
	11,064
	$390,792
	$1.83
	
2024*
	8,436,894,400
	11,056
	$629,780
	$1.21

Annual Increase per $100,000 of Assessed Home Value
	$72.74
	
Monthly Increase per $100,000 of Assessed Home Value
	$6.06

Average Assessed Home Value
	Annual Tax Increase
	
$629,780
	$458.08

What will a 2% tax levy cost?

*The Township of Teaneck performed a town-wide revaluation which resulted in a significant change to the ratable base and average assessed home value. Assessed Taxable Values reported by the Township of Teaneck’s Tax Assessor on 3/14/24.

www.teaneckschools.org                                                                                                                                                                                                                                                     19

	

Tuition Reserves

Capital Reserves

Maintenance Reserves
		
Fund Balance (Unassigned & Excess Surplus)

Beginning Balance July 1, 2023
	
$135,162
		
$3,396,326
		
$1,381,216
		
$ 8,097,161

Anticipated Interest Income 2023-2024
	
$0
		
$4,000
		
$ 2,400
		
$0

2023-2024 Budgeted Withdrawal
	
$0
		
$ (659,600)
		
$ (250,000)
		
$ (4,655,063)

Anticipated June 30, 2024 Additions to Reserves
	
$0
		
$ 0
		
$ 0
		
$ 0

Anticipated June 30, 2024 Balance
	
$135,162
		
$ 2,740,726
		
$ 1,133,616
		
$ 4,757,748

2024-2025 Budgeted Withdrawal
	
$ (135,162)
		
$ (912,300)
		
$ (1,079,056)
		
$ (4,357,748)

Anticipated Interest Income 2024-2025
	
$0
		
$ 4,000
		
$ 2,400
		
$0

Anticipated June 30, 2025 Balance
	
$0
		
$1,832,426
		
$ 56,960
		
$400,000

Reserves

www.teaneckschools.org                                                                                                                                                                                                                                                     20

Sitework and Equipment

BRYANT
● Pre-K Cafeteria Renovation to two classrooms LOWELL
● Parapet recoating and roof repairs ● Parking lot repavement
TEANECK HIGH SCHOOL
● Parking lot repavement
● Abatement of pipe tunnels DISTRICT WIDE
● AAC Communication Devices

www.teaneckschools.org                                                                                                                                                                                                                                                     21

Next Steps
❑ Present Final Budget Recommendations (4/17/24)
❑ Advertise Approved Preliminary Budget and	5/1/24	Budget	Hearing	Date (4/23/24)
NKYO
U
Melissa Simmons
❑ Formal Action by the Board to Approve and Adopt the Revised 2024-2025 Budget (5/1/24)
❑ Submit Revised and Adopted 2024-2025 Budget to the County (5/2/24)
❑ Await County Approval
❑ Post Revised and Adopted 2024-2025 User	Friendly	Budget	to www.teaneckschools.org (5/13)

www.teaneckschools.org                                                                                                                                                                                                                                                     22

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