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

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

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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

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Proposed 2014-2015 School Budget Presentation

April 24, 2014

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The 2014-2015 Budget supports the thorough and efficient education of 230 students in grades PK – 12.

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  • 167 Elementary School Students
  • 38 Manasquan High School Students
  • 15 Vocational High School Students
  • 10 Out of District/Unilateral Students
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SLIDE 3

The academic achievements of Sea Girt students have been frequently cited in recent years…

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  • A nationally recognized Blue Ribbon School of Excellence
  • 93% of all students in Gr. 3-8 P or AP in NJASK – LA ‘12
  • Graduates attend competitive High Schools including all of the

County Academies

  • 58% of all Gr. 4-8 students AP in Science
  • 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
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The New Jersey Department of Education has recognized the Sea Girt School for Outstanding NJ-ASK Scores.

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  • 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

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The Sea Girt School offers students many extra-curricular experiences for its students…

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  • Instrumental Music
  • Band
  • Drama
  • K-5 Class Plays
  • 6-8 Plays and Choir
  • 6-8 Clubs:

Art, Cooking, Sewing, Drama, Chorus, Technology & Video, Sports

  • Inter-Scholastic Athletics through the MCAL
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SLIDE 6

The Sea Girt School serves as the “heart of the community”…

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  • Town Council Meetings
  • Planning Board Meetings
  • Sea Girt Recreation
  • Boosters
  • Special Olympics
  • Basketball
  • Mid-Monmouth Basketball
  • U.S.A.B.L. - Baseball
  • PTO Events
  • Little League
  • Project P.A.C.K.M.A.N.

Concert

  • Recreation Programs
  • St. Marks CYO
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SLIDE 7

Se Sea Gi Girt rt Borough rough Sc Scho hool

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How are we be able to maintain stable taxes without impacting programs?

  • By appropriating fund balance
  • By utilizing additional EBS monies
  • By collecting more than $98,000 in tuition revenue
  • By implementing mandated employee health

benefit premium contributions

  • By continuing the business office shared service
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Se Sea Gi Girt rt Borough rough Sc Scho hool

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REVENUES 2013-2014 2014-2015 $ Change % of Total Tax Levy

(Includes an Enrollment Cap Adjustment: $44,972)

$ 4,092,488 $ 4,214,209 $ 121,721 91.57% Fund Balance Appropriated

(General and Tuition Reserve)

$ 134,143 $ 138,000 $ 3,857 3.00% Miscellaneous Revenue

(Tuition, Interest)

$ 94,000 $ 100,900 $ 6,900 2.19% State Aid Extraordinary Aid Ed Jobs Aid $ 101,248 $ 0 $ 0 $ 104,828 $ 0 $ 0 $ 3,580 $ 0 $ 0 2.28% 0% 0% Operating Budget Revenue $ 4,421,879 $ 4,557,937 $ 136,058 99.04% Federal Programs

(IDEA & NCLB)

$ 40,499 $ 44,424 $ 3,925 .96% Debt Service Local Tax Levy $ 0 $ 0 $ 0 0% Fund Balance Appropriated

(Capital Projects/Reserve Withdrawal; General)

$ 0 $ 0 $ 0 0% TOTAL REVENUE $ 4,462,378 $ 4,602,361 $ 139,983 100.00%

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Sea Girt Board of Education: Revenues

Fund Balance 4% Revenue, Tuition/Misc., 2% Tax Levy 90% State Aid 2% Federal Aid 1%

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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%

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SLIDE 11

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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.

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SLIDE 12

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Revenue Summary: 2014-2015

  • Tax Levy Cap: 2%
  • Additional State Aid: $3,580
  • Tax Levy Cap Adjustment: $39,871 (2.97%)
  • Additional Private Tuition: $6,900 – Includes a Rate Increase
  • Free Balance: $50,000; Tuition Reserve: $88,000
  • Budget Increase: $139,983 (3.14%)
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SLIDE 13

Se Sea Gi Girt rt Bo Borough rough Sc Scho hool

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EXPENDITURES 2013-2014 2014-2015 $ Change % of Total Student Programming (Grades PreK -12)

(Instructional, Tuitions, Special Education Tuition, Transportation, Extra-Curricular)

$ 2,375,773 $ 2,500,730 $ 124,957 54.34% Student Support Services

(Guidance, Child Study Team, Media, Nurse, Communications, Benefits and Insurance)

$ 1,422,028 $ 1,410,332 ($ 11,696) 30.64% Plant Operations

(Custodial/Maintenance services, contracted building projects, energy costs

$ 328,176 $ 343,485 $ 15,309 7.46% 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%

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Sea Girt Board of Education: Expenditures

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Se Sea Gi Girt rt Borough rough Sc Scho hool

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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

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Se Sea Gi Girt rt Borough rough Sc Scho hool

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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
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Se Sea Gi Girt rt Borough rough Sc Scho hool

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Expenditure Summary: 2014-2015

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

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Analysis of Tax Levy Compared to Property Values

Represents a $.0061 tax increase (2.97%)

2014-2015 School Year 2013-2014 School Year Difference Assessed Value Tax Rate Tax Impact Assessed Value Tax Rate Tax Impact Between Years

  • f Home
  • f 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

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Monmouth County Municipalities – 2013 School Tax Rate

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

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School County Municipal

Wall Brielle Manasquan SLH Sea Girt

Breakdown of 2013 Tax Rate as a % Sea Girt vs…

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COMPARISON GENERAL TAX RATE 2013 ASSUME AVERAGE ASSESSED VALUE OF $500,000 Town Schoool Tax School Purposes General Tax Total Rate* Taxes (estimated) Rate* Taxes (estimated) Avon 0.366 $1,830 1.033 $5,165 Belmar 0.773 $3,865 1.929 $9,645 Brielle 0.802 $4,010 1.472 $7,360 Lake Como 0.777 $3,885 1.669 $8,345 Manasquan 0.860 $4,300 1.627 $8,135 Sea Girt 0.206 $1,030 0.775 $3,875 Spring Lake 0.178 $890 0.671 $3,355 Spring Lake 0.653 $3,265 1.28 $6,400 Heights Wall 1.641 $8,205 2.793 $13,965 *Monmouth County Certified Tax Rates 2013

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Proposed 2014-2015 School Budget Presentation April 24, 2014

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