Teaneck Board of Education Final Budget Presentation 2023-2024

Andre D. Spencer, Ed.D., Superintendent of Schools Haqquisha Q. Taylor, Business Administrator April 26, 2023

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Message from Dr. Spencer

School Year (SY) 2023-2024 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. 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,” by engaging our “Achieve the Promise,” 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 Accomplishments

● Expansion of the Arts
○ Digital Video Production
○ Dance and Theater at the Elementary Schools ● Expansion of Multisensory Reading Instruction
○ Year 1: Second Grade
○ Year 2: Kindergarten & First Grade
○ Second Year of Orton Gillingham Teacher Certification Training ● Expansion of Inclusion Opportunities
○ Co-teaching at all schools
○ New Jersey Inclusive Education Technical Assistance (NJIETA) preschool - middle school ● Professional Development
○ Differentiation of Instruction
○ Fairleigh Dickinson Partnership for Computer Science & Design Thinking ○ Montclair State University Partnership for Teacher Mentorship

www.teaneckschools.org                                                                                                                                                                                                                                                      4

District Accomplishments

● Technology
○ Deployed and supported over 3,500 Chromebooks for district wide 1:1 initiative ○ Deployed and supported interactive panels throughout the district

● School Safety
○ School buildings are equipped with panic alarms linked to local law enforcement ○ Elementary school security cameras and door accesses have been upgraded
○ All schools have comprehensive visitor management systems

www.teaneckschools.org                                                                                                                                                                                                                                                      5

Budget Aligned Department Priorities -“Achieve the Promise”

● Scholar Support Services
○ Ensure that each scholar in grades 7th-12th completes an interest survey that will be used to develop an academic plan
○ Provide professional learning to all special and general educators to enhance the implementation of a variety of co-teaching models throughout the district
○ Increase inclusionary academic programs and practices district-wide

● Parent Engagement and Communication
○ Engage a Parent Advisory Council (PAC) in the establishment of a Parent University
○ Create multiple communication mediums (social media and videos) to inform parents and community stakeholders about the great initiatives taking place at Teaneck Public Schools
● School Leadership
○ Provide professional learning to all Teaneck Public School educators to develop a deeper understanding of state standards of learning, alignment to academic tasks and assessments, as well as readiness for college, career and life experiences - Teacher Clarity (Professional Learning)

www.teaneckschools.org                                                                                                                                                                                                                                                      6

Budget Aligned Department Priorities “Achieve the Promise”

● School Leadership - Continued
○ Enhance the alignment of classroom instruction, standards-based assessments and curriculum resources to increase academic achievement outcomes for all scholars
○ Ensure each scholar has an opportunity to participate in fine arts, athletic, and/or other types of extra-curricular activities in Teaneck Public Schools
● Facilities and Maintenance
○ Align all facilities and maintenance projects with the academic focus of Teaneck Public Schools
○ Ensure all maintenance requests are completed according to an appropriate schedule with cost-efficient considerations
● Technology
○ Create a 1:1 device maintenance system to ensure all scholars maintain access to technology
○ Provide professional learning to teach educators how to engage scholars with the use of instructional technology beyond independent applications

www.teaneckschools.org                                                                                                                                                                                                                                                      7

Budget Aligned Department Priorities “Achieve the Promise”

● School Safety and Security
○ Ensure that each campus engages in restorative practices and social emotional protocols to develop healthy peer to peer and professional to peer relationships
○ Establish safety protocols to ensure each campus is adequately maintaining safety and security protocols
● Budget and Finance
○ Ensure an alignment between Human Resources and Budget and Finance processes to ensure district-wide efficiency and accountability
○ Establish a five-year fiscal forecast to project sustainability of district-wide functions and operations

www.teaneckschools.org                                                                                                                                                                                                                                                      8

What is a Budget?

It is a balancing act…

www.teaneckschools.org                                                                                                                                                                                                                                                         9

Facility
	Current Enrollment
	Projected Enrollment
	
Bryant Elementary/ Early Learning Center
	PK 3: 79
	PK 3:	80
	
	PK 4: 145
	PK 4:	140
	
AUCC Academy (Contracted Provider)
	PK 3:29
	PK 3:	30
	
	PK 4:30
	PK 4:	30
	
Bergen Day School (Contracted Provider)
	PK 3:15
	PK 3:	15
	
	PK 4:15
	PK 4:	15
	
Totals
	313
	310
	
Inclusion Students
	23
	45

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

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2022-2023
	
2023-2024

General Education Classrooms: 23
	
General Education Classrooms: 24

Preschool Disabled Classrooms: 8
	
Preschool Disabled Classrooms: 8

Inclusion Students: 23
	
Inclusion Students: 45

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, 2022 is the basis for the State Aid Teaneck Schools will receive for the 2023-2024 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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COVID-19 GRANT REVENUES $8,736,022 REMAINING FUNDS $2,285,907

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Appropriations

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Year
	Ratable Base
	# Residential Properties
	Average Assessed Home Value
	Tax Rate
	
2020
	5,152,540,200
	11,074
	$386,230
	$1.83
	
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
	$1.91

Annual Increase per $100,000 of Assessed Home Value
	$57.64
	
Monthly Increase per $100,000 of Assessed Home Value
	$4.80

Average Assessed Home Value
	Annual Tax Increase
	
$390,792
	$225.26

What will a 3.53% tax levy cost?

www.teaneckschools.org                                                                                                                                                                                                                                                     18

	

Capital Reserves
		Maintenance Reserves
		
Fund Balance (Unassigned & Excess Surplus)

Beginning Balance July 1, 2022
	
$6,772,428
		
$ 1,508,010
		
$ 9,238,032

Anticipated Interest Income 2022-2023
	
$4,000
		
$ 2,400
		
$0

Withdrawal during 2022-2023
	
$ (3,929,719)
		
$ (250,000)
		
$ (3,945,321)

Anticipated June 30, 2023 Balance
	
$ 2,846,709
		
$ 1,260,410
		
$ 5,292,711

Withdrawal Budget 2023-2024
	
$ (410,000)
		
$ (250,000)
		
$ (4,655,063)

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

Anticipated June 30, 2024 Balance
	
$ 2,440,709
		
$ 1,012,810
		
$ 637,648

Reserves

www.teaneckschools.org                                                                                                                                                                                                                                                     19

Theodora Smiley Lacey
Sitework and Equipment Installation

www.teaneckschools.org                                                                                                                                                                                                                                                     20

Next Steps

NKYO
❑ Formal Action by the Board to Approve and Adopt the Final 2023-2024 Budget (4/26/23)
U
❑ Advertisement	of	2023-2024	User Friendly Budget (4/28/23) Melissa Simmons

www.teaneckschools.org                                                                                                                                                                                                                                                     21

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