Move that the Board of Education adopt the 2019-2020 budget in the amount of: $ 81,839,488

BE IT RESOLVED to approve the 2019-2020 school district budget.

Budget

Local Tax Levy

General Fund

$77,533,976

$33,944,551

Special Revenue Fund

$1,388,938

Debt Service Fund

$2,916,574

$1,641,581

Total Base Budget

$81,839,488

$35,586,132

Move that the Board of Education approve the following:
            The district has a taxing authority of up to $665,579 which is a 2% cap increase over the prior year amount.             
            The maximum district tax levy available is $33,944,551 for 2019-2020.
            The details of the tax levy are as follows:

2 % Allowable Tax Levy Adjustment                                $665,579
2018-2019 Tax Levy                                                            $33,278,972
Total Available General Fund Tax Levy                       $33,944,551

BE IT RESOLVED that there be raised for the General Fund $ 33,944,551 for the ensuing school year 2019-2020
allocated among the constituent municipalities as follows:

2019-2020 Percent

Local Tax Levy

Municipality

Borough of Bellmawr

11.8834798

$4,228,871

Township of Gloucester

79.4626390

$28,277,680

Borough of Runnemede

8.6538812

$3,079,581

$35,586,132

Move that the Board of Education approve the use of $ 1,625,000 from the capital reserve for the following:
Roofing upgrade at Timber Creek High School - $ 1,400,000.00
Renovations of the Trainer’s room and boy’s and girl’s team rooms at Highland High School $ 200,000.00
Registration Office at Highland High School $ 25,000.00