Se Sea Gi Girt rt B Boro rough School ool D Distr trict Proposed 2015-2016 School Budget Presentation April 30, 2015
Sea G Gir irt Borou ough gh S School ol D Distr strict The 2015-2016 Budget supports the thorough and efficient education of 233 students in grades PK – 12. 166 Elementary School Students - 46 Manasquan High School Students - 15 Vocational High School Students - 6 Out of District/Unilateral Students -
Sea G Gir irt Borou ough gh S School ol D Distr strict The academic achievements of Sea Girt students have been frequently cited in recent years… • A nationally recognized Blue Ribbon School of Excellence • 92% of all students in Gr. 3-8 P or AP in NJASK – LA ‘14 • 95% of all students in Gr. 3-8 P or AP in NJASK – Math ‘14 • 92% of all students in Gr. 4 & 8 P or AP in NJASK – Sc. ‘14 • 92% of all Gr. 4-8 students Proficient or Advanced Proficient in Science • Graduates attend competitive High Schools including all of the County Academies
Sea G Gir irt Borou ough gh S School ol D Distr 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
Sea G Gir irt Borou ough gh S School ol D Distr 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
Sea G Gir irt Borou ough gh S School ol D Distr strict The Sea Girt School serves as the “heart of the community”… - Town Council Meetings - U.S.A.B.L. - Baseball - Planning Board Meetings - Travel Soccer Club - Book Club Meetings - Sea Girt Recreation - Boosters - Recreation Programs - Special Olympics - PTO Events - Parent Academy Workshops - Mid-Monmouth Basketball
Sea G Gir irt Borou ough gh S School ol D Distr strict How are we be able to maintain stable taxes without impacting programs? • By appropriating fund balance • By collecting more than $44,000 in tuition revenue • By utilizing additional EBS monies • By implementing mandated employee health benefit premium contributions • By continuing the business office shared service
Sea G Gir irt Borou ough gh S School ol D Distr strict REVENUES 2014-2015 2015-2016 $ Change % of Total Tax Levy $ 4,214,209 $ 4,338,065 $ 123,856 92.48% (Includes an Enrollment Cap Adjustment: $39,572) Fund Balance Appropriated $ 138,000 $ 156,789 $ 18,789 3.34% (General and Tuition Reserve) Miscellaneous Revenue $ 100,900 $ 46,620 $ (54,280) .99% (Tuition, Interest) State Aid $ 104,828 $ 104,828 $ 0 2.23% Extraordinary Aid $ 0 $ 0 $ 0 0% Ed Jobs Aid $ 0 $ 0 $ 0 0% Operating B Budget Revenue $ 4, 4,557, 557,937 937 $ 4, 4,646, 646,302 302 $ 88, 88,365 365 99. 99.05% 05% Federal Programs $ 44,424 $ 44,735 $ 311 .95% (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 $ 4,602,361 $ 4,691,037 $ 88,676 100.00%
Sea Girt Board of Education: Revenues
Sea G Gir irt Borou ough gh S School ol D Distr strict Historic Increases/Decreases General Fund Tax Levy 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% 2015-2016 2.94%
Sea G Gir irt Borou ough gh S School ol D Distr strict Debt Service Fund Tax Levy 2015-16 TAX LEVY $ -0- The 2002 Bond Issue for the Sea Girt School Addition was paid in full during the 2011-2012 school year.
Sea G Gir irt Borou ough gh S School ol D Distr strict Revenue Summary: 2015-2016 • Tax Levy Cap: 2% • Tax Levy Cap Adjustment: $39,572 (2.94%) • Flat State Aid • Reduction Private Tuition: $54,280 • Free Balance: $84,789; Tuition Reserve: $72,000 • Budget Increase: $88,677 (1.93%)
Sea G Gir irt Borou ough gh S School ol D Distr strict % of EXPENDITURES 2014-2015 2015-2016 $ Change Total Student Programming (Grades PreK -12) (Instructional, Tuitions, Special Education Tuition, $ 2,500,730 $ 2,569,062 $ 68,332 54.77% Transportation, Extra-Curricular) Student Support Services (Guidance, Child Study Team, Media, Nurse, $ 1,410,332 $ 1,433,747 $ 23,415 30.56% Communications, Benefits and Insurance) Plant Operations (Custodial/Maintenance services, contracted building $ 343,485 $ 343,967 $ 482 7.33% projects, energy costs School/Central Administration $ 295,438 $ 291,574 ($ 3,864) 6.22% Grants and Entitlements $ 44,424 $ 44,735 $ 311 .95% Capital Expenditures $ 7,952 $ 7,952 $ 0 .17% Debt Service $ 0 $ 0 $ 0 0% Total Operating Budget: $ 4,602,361 $ 4,691,037 $ 88,676 100%
Sea Girt Board of Education: Expenditures
Sea G Gir irt Borou ough gh S School ol D Distr strict COOPERATIVES & SHARED SERVICES • Point Pleasant Beach Board of Education– Business Office Services • Child Study Team Software • 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
Sea G Gir irt Borou ough gh S School ol D Distr strict COST SAVINGS AND CONTAINMENT • While the previous list is extensive we will continue to look for other cost saving measures • Additionally, we have looked at some potential cost savings measures and unfortunately they did not work out at this time. For example: – Transportation vehicle purchase – Solar options
Sea G Gir irt Borou ough gh S School ol D Distr strict Where are the 2015-2016 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 • Legal Fees • Bank and Payroll Fees • Reallocation to EBS Funds – Reduces Current Expenses
Sea G Gir irt Borou ough gh S School ol D Distr strict Expenditure Summary: 2015-2016 • Expenditures: $88,667 (1.93%) • Maintains All Current Programs • Additional Manasquan Tuition Costs • Reduction Special Education Costs • Reduction in Transportation Expenses • Additional Professional Development Expenses
Sea G Gir irt Borou ough gh S School ol D Distr strict Analysis of Tax Levy Compared to Property Values 2015-2016 School Year 2014-2015 School Year Difference Assessed Value Tax Rate Tax Impact Assessed Value Tax Rate Tax Impact Between Years of Home of Home $500,000 $0.2173 $1,086 $500,000 $0.2118 $1,059 $27 $750,000 $0.2173 $1,629 $750,000 $0.2118 $1,589 $41 $1,000,000 $0.2173 $2,173 $1,000,000 $0.2118 $2,118 $55 $1,250,000 $0.2173 $2,716 $1,250,000 $0.2118 $2,648 $68 $1,500,000 $0.2173 $3,259 $1,500,000 $0.2118 $3,177 $82 $1,724,300 $0.2173 $3,746 $1,724,300 $0.2118 $3,652 $94 $2,000,000 $0.2173 $4,345 $2,000,000 $0.2118 $4,236 $109 $2,500,000 $0.2173 $5,431 $2,500,000 $0.2118 $5,295 $136 $3,000,000 $0.2173 $6,518 $3,000,000 $0.2118 $6,354 $164 $3,500,000 $0.2173 $7,604 $3,500,000 $0.2118 $7,413 $191 Represents a $.0055 tax increase (2.94%)
Monmouth County Municipalities – 2014 School Tax Rate MUNICIPALITY RATE PER $100 MUNICIPALITY RATE PER $100 Allenhurst 0.009 Fair Haven 1.252 Deal 0.108 Neptune City 1.259 Spring Lake 0.181 Shrewsbury Boro 1.283 Sea Girt 0.211 West Long Branch 1.294 Interlaken 0.368 Loch Arbour 1.303 Avon 0.372 Little Silver 1.316 Bradley Beach 0.510 Farmingdale 1.325 Asbury Park 0.573 Atlantic Highlands 1.347 Monmouth Beach 0.644 Middletown 1.357 Spring Lake Hts. 0.686 Holmdel 1.363 Sea Bright 0.708 Keyport 1.363 Lake Como 0.781 Manalapan 1.381 Belmar 0.787 Ocean Twp 1.408 Rumson 0.820 Brielle 0.867 Union Beach 1.412 Long Branch 0.870 Neptune Twp. 1.413 Manasquan 0.873 Marlboro 1.449 Keansburg 0.959 Freehold Twp. 1.631 Red Bank 1.079 Matawan. 1.632 Shrewsbury Twp. 1.146 Wall Twp. 1.666 Colts Neck 1.152 Allentown 1.690 Eatontown 1.156 Aberdeen 1.691 Oceanport 1.158 Hazlet 1.701 Englishtown 1.184 Howell 1.745 Highlands 1.208 Upper Freehold 1.747 Tinton Falls 1.238 Millstone 1.923 Freehold Boro 1.244 Roosevelt 1.941
Breakdown of 2014 Tax Rate as a % Sea Girt vs…
Recommend
More recommend
