School ool Di District trict Proposed 2014-2015 School Budget - PowerPoint PPT Presentation

Sea ea Girt rt Bor oroug ough h School ool Di District trict Proposed 2014-2015 School Budget Presentation April 24, 2014

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict The 2014-2015 Budget supports the thorough and efficient education of 230 students in grades PK – 12. - 167 Elementary School Students - 38 Manasquan High School Students - 15 Vocational High School Students - 10 Out of District/Unilateral Students

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict The academic achievements of Sea Girt students have been frequently cited in recent years… • A nationally recognized Blue Ribbon School of Excellence • 93% of all students in Gr. 3-8 P or AP in NJASK – LA ‘12 • 90% of all students in Gr. 3-8 P or AP in NJASK – Math ‘12 • 96% of all students in Gr. 4 & 8 P or AP in NJASK – Sc. ‘12 • 58% of all Gr. 4-8 students AP in Science • Graduates attend competitive High Schools including all of the County Academies

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict The New Jersey Department of Education has recognized the Sea Girt School for Outstanding NJ-ASK Scores. - The Sea Girt School District maintains state certification through NJQSAC and is monitored each year for certification that will be in effect through June, 2015

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict The Sea Girt School offers students many extra-curricular experiences for its students… - Inter-Scholastic Athletics through the MCAL - 6-8 Clubs: Art, Cooking, Sewing, Drama, Chorus, Technology & Video, Sports - Instrumental Music - Band - Drama - K-5 Class Plays - 6-8 Plays and Choir

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict The Sea Girt School serves as the “heart of the community”… - Town Council Meetings - U.S.A.B.L. - Baseball - Planning Board Meetings - PTO Events - Little League - Sea Girt Recreation - Project P.A.C.K.M.A.N. - Boosters Concert - Special Olympics - Recreation Programs - Basketball - St. Marks CYO - Mid-Monmouth Basketball

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict How are we be able to maintain stable taxes without impacting programs? • By appropriating fund balance • By collecting more than $98,000 in tuition revenue • By utilizing additional EBS monies • By implementing mandated employee health benefit premium contributions • By continuing the business office shared service

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict REVENUES 2013-2014 2014-2015 $ Change % of Total Tax Levy $ 4,092,488 $ 4,214,209 $ 121,721 91.57% (Includes an Enrollment Cap Adjustment: $44,972) Fund Balance Appropriated $ 134,143 $ 138,000 $ 3,857 3.00% (General and Tuition Reserve) Miscellaneous Revenue $ 94,000 $ 100,900 $ 6,900 2.19% (Tuition, Interest) State Aid $ 101,248 $ 104,828 $ 3,580 2.28% Extraordinary Aid $ 0 $ 0 $ 0 0% Ed Jobs Aid $ 0 $ 0 $ 0 0% Operating Budget Revenue $ 4,421,879 $ 4,557,937 $ 136,058 99.04% Federal Programs $ 40,499 $ 44,424 $ 3,925 .96% (IDEA & NCLB) Debt Service Local Tax Levy $ 0 $ 0 $ 0 0% Fund Balance Appropriated $ 0 $ 0 $ 0 0% (Capital Projects/Reserve Withdrawal; General) TOTAL REVENUE $ 4,462,378 $ 4,602,361 $ 139,983 100.00%

Sea Girt Board of Education: Revenues State Aid 2% Federal Aid 1% Fund Balance 4% Tax Levy 90% Revenue, Tuition/Misc., 2%

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict Historic Increases/Decreases General Fund Tax Levy 2005-2006 3.23% 2006-2007 8.96% 2007-2008 7.48% 2008-2009 3.75% 2009-2010 1.75% 2010-2011 2.00% 2011-2012 (2.00%) 2012-2013 1.85% 2013-2014 2.00% 2014-2015 2.97%

Sea Gi Se Girt rt Borough rough Sc Scho hool ol Di District strict Debt Service Fund Tax Levy 2014-15 TAX LEVY $ -0- The 2002 Bond Issue for the Sea Girt School Addition was paid in full during the 2011-2012 school year.

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict Revenue Summary: 2014-2015 • Tax Levy Cap: 2% • Tax Levy Cap Adjustment: $39,871 (2.97%) • Additional State Aid: $3,580 • Additional Private Tuition: $6,900 – Includes a Rate Increase • Free Balance: $50,000; Tuition Reserve: $88,000 • Budget Increase: $139,983 (3.14%)

Se Sea Gi Girt rt Bo Borough rough Sc Scho hool ol Di District strict % of EXPENDITURES 2013-2014 2014-2015 $ Change Total Student Programming (Grades PreK -12) (Instructional, Tuitions, Special Education Tuition, $ 2,375,773 $ 2,500,730 $ 124,957 54.34% Transportation, Extra-Curricular) Student Support Services (Guidance, Child Study Team, Media, Nurse, $ 1,422,028 $ 1,410,332 ($ 11,696) 30.64% Communications, Benefits and Insurance) Plant Operations (Custodial/Maintenance services, contracted building $ 328,176 $ 343,485 $ 15,309 7.46% projects, energy costs School/Central Administration $ 283,641 $ 295,438 $ 11,797 6.42% Grants and Entitlements $ 40,499 $ 44,424 $ 3,925 .97% Capital Expenditures $ 12,261 $ 7,952 ($ 4,309) .17% Debt Service $ 0 $ 0 $ 0 0% Total Operating Budget: $ 4,462,378 $ 4,602,361 $ 139,983 100%

Sea Girt Board of Education: Expenditures

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict COOPERATIVES & SHARED SERVICES • Point Pleasant Beach Board of Education – Business Office Services • Child Study Team Services • MRESC Purchasing Cooperative • MOESC Transportation Cooperative • Participant in the ACT program • Participant in the ACES program • Participant in NJSIG • Participant in NJ State Health Benefit Program • Curriculum and Professional Development articulation with Manasquan Sending Districts

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict Where are the 2014-2015 Dollars Going? • Tuition to Manasquan, Vocational Programs and Out of District Placements • Additional Students Attending Manasquan • Transportation Costs • Professional Development • Additional Maintenance Costs • Salary Increases • Health Benefit Cost Increases • Bank and Payroll Fees • Reallocation to EBS Funds – Reduces Current Expenses

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict Expenditure Summary: 2014-2015 • Expenditures: $139,979 (3.14%) • Maintains All Current Programs • Additional Special Education Costs • Additional Projected Private Tuition: $6,900 • Free Balance: $50,000; Tuition Reserve: $88,000

Se Sea Gi Girt rt Borough rough Sc Scho hool ol Di District strict Analysis of Tax Levy Compared to Property Values 2014-2015 School Year 2013-2014 School Year Difference Assessed Value Tax Rate Tax Impact Assessed Value Tax Rate Tax Impact Between Years of Home of Home $500,000 $0.2123 $1,062 $500,000 $0.2062 $1,031 $31 $750,000 $0.2123 $1,593 $750,000 $0.2062 $1,547 $46 $1,000,000 $0.2123 $2,123 $1,000,000 $0.2062 $2,062 $61 $1,250,000 $0.2123 $2,654 $1,250,000 $0.2062 $2,578 $77 $1,500,000 $0.2123 $3,185 $1,500,000 $0.2062 $3,093 $92 $2,000,000 $0.2123 $4,247 $2,000,000 $0.2062 $4,124 $123 $2,500,000 $0.2123 $5,308 $2,500,000 $0.2062 $5,155 $153 $3,000,000 $0.2123 $6,370 $3,000,000 $0.2062 $6,186 $184 $3,500,000 $0.2123 $7,432 $3,500,000 $0.2062 $7,217 $215 $4,000,000 $0.2123 $8,493 $4,000,000 $0.2062 $8,248 $245 Represents a $.0061 tax increase (2.97%)

Monmouth County Municipalities – 2013 School Tax Rate MUNICIPALITY RATE PER $100 MUNICIPALITY RATE PER $100 Allenhurst 0.007 Neptune Twp. 1.193 Deal 0.095 Shrewsbury Twp. 1.203 Spring Lake 0.178 Shrewsbury Boro 1.212 Sea Girt 0.206 Highlands 1.221 Interlaken 0.325 West Long Branch 1.295 Avon 0.366 Atlantic Highlands 1.315 Fair Haven 0.391 Middletown 1.323 Farmingdale 0.397 Loch Arbour 1.331 Bradley Beach 0.499 Holmdel 1.341 Sea Bright 0.603 Manalapan 1.350 Monmouth Beach 0.643 Neptune City 1.355 Spring Lake Hts. 0.653 Ocean Twp 1.362 Belmar 0.773 Little Silver 1.392 Lake Como 0.777 Brielle 0.802 Marlboro 1.418 Long Branch 0.811 Matawan. 1.472 Manasquan 0.860 Union Beach 1.486 Rumson 0.903 Aberdeen 1.508 Keansburg 0.987 Freehold Twp. 1.588 Red Bank 1.000 Asbury Park 1.613 Colts Neck 1.094 Wall Twp. 1.641 Eatontown 1.153 Allentown 1.647 Keyport 1.166 Hazlet 1.667 Tinton Falls 1.169 Upper Freehold 1.672 Freehold Boro 1.183 Howell 1.760 Oceanport 1.189 Roosevelt 1.852 Englishtown 1.190 Millstone 1.907

Breakdown of 2013 Tax Rate as a % Sea Girt vs… Wall Brielle Manasquan SLH Sea Girt School County Municipal