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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

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Proposed 2015-2016 School Budget Presentation

April 30, 2015

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The 2015-2016 Budget supports the thorough and efficient education of 233 students in grades PK – 12.

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  • 166 Elementary School Students
  • 46 Manasquan High School Students
  • 15 Vocational High School Students
  • 6 Out of District/Unilateral Students
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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
  • 92% of all students in Gr. 3-8 P or AP in NJASK – LA ‘14
  • Graduates attend competitive High Schools including all of the

County Academies

  • 92% of all Gr. 4-8 students Proficient or Advanced

Proficient in Science

  • 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
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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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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
  • Parent Academy Workshops
  • Mid-Monmouth Basketball
  • U.S.A.B.L. - Baseball
  • Travel Soccer Club
  • Book Club Meetings
  • Recreation Programs
  • PTO Events
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SLIDE 7

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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 $44,000 in tuition revenue
  • By implementing mandated employee health

benefit premium contributions

  • By continuing the business office shared service
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SLIDE 8

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REVENUES 2014-2015 2015-2016 $ Change % of Total Tax Levy

(Includes an Enrollment Cap Adjustment: $39,572)

$ 4,214,209 $ 4,338,065 $ 123,856 92.48% Fund Balance Appropriated

(General and Tuition Reserve)

$ 138,000 $ 156,789 $ 18,789 3.34% Miscellaneous Revenue

(Tuition, Interest)

$ 100,900 $ 46,620 $ (54,280) .99% State Aid Extraordinary Aid Ed Jobs Aid $ 104,828 $ 0 $ 0 $ 104,828 $ 0 $ 0 $ 0 $ 0 $ 0 2.23% 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

(IDEA & NCLB)

$ 44,424 $ 44,735 $ 311 .95% Debt Service Local Tax Levy $ 0 $ 0 $ 0 0% Fund Balance Appropriated

(Capital Projects/Reserve Withdrawal; General)

$ 0 $ 0 $ 0 0% TOTAL REVENUE $ 4,602,361 $ 4,691,037 $ 88,676 100.00%

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Sea Girt Board of Education: Revenues

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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%

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SLIDE 11

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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.

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SLIDE 12

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Revenue Summary: 2015-2016

  • Tax Levy Cap: 2%
  • Flat State Aid
  • Tax Levy Cap Adjustment: $39,572 (2.94%)
  • Reduction Private Tuition: $54,280
  • Free Balance: $84,789; Tuition Reserve: $72,000
  • Budget Increase: $88,677 (1.93%)
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SLIDE 13

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EXPENDITURES 2014-2015 2015-2016 $ Change % of Total Student Programming (Grades PreK -12)

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

$ 2,500,730 $ 2,569,062 $ 68,332 54.77% Student Support Services

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

$ 1,410,332 $ 1,433,747 $ 23,415 30.56% Plant Operations

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

$ 343,485 $ 343,967 $ 482 7.33% 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%

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Sea Girt Board of Education: Expenditures

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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

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SLIDE 16

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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

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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
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Expenditure Summary: 2015-2016

  • Expenditures: $88,667 (1.93%)
  • Additional Manasquan Tuition Costs
  • Maintains All Current Programs
  • Reduction Special Education Costs
  • Reduction in Transportation Expenses
  • Additional Professional Development Expenses
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SLIDE 19

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Analysis of Tax Levy Compared to Property Values

Represents a $.0055 tax increase (2.94%)

2015-2016 School Year 2014-2015 School Year Difference Assessed Value Tax Rate Tax Impact Assessed Value Tax Rate Tax Impact Between Years

  • f Home
  • f 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

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Monmouth County Municipalities – 2014 School Tax Rate

MUNICIPALITY RATE PER $100 Allenhurst 0.009 Deal 0.108 Spring Lake 0.181 Sea Girt 0.211 Interlaken 0.368 Avon 0.372 Bradley Beach 0.510 Asbury Park 0.573 Monmouth Beach 0.644 Spring Lake Hts. 0.686 Sea Bright 0.708 Lake Como 0.781 Belmar 0.787 Rumson 0.820 Brielle 0.867 Long Branch 0.870 Manasquan 0.873 Keansburg 0.959 Red Bank 1.079 Shrewsbury Twp. 1.146 Colts Neck 1.152 Eatontown 1.156 Oceanport 1.158 Englishtown 1.184 Highlands 1.208 Tinton Falls 1.238 Freehold Boro 1.244 MUNICIPALITY RATE PER $100 Fair Haven 1.252 Neptune City 1.259 Shrewsbury Boro 1.283 West Long Branch 1.294 Loch Arbour 1.303 Little Silver 1.316 Farmingdale 1.325 Atlantic Highlands 1.347 Middletown 1.357 Holmdel 1.363 Keyport 1.363 Manalapan 1.381 Ocean Twp 1.408 Union Beach 1.412 Neptune Twp. 1.413 Marlboro 1.449 Freehold Twp. 1.631 Matawan. 1.632 Wall Twp. 1.666 Allentown 1.690 Aberdeen 1.691 Hazlet 1.701 Howell 1.745 Upper Freehold 1.747 Millstone 1.923 Roosevelt 1.941

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Breakdown of 2014 Tax Rate as a % Sea Girt vs…

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COMPARISON GENERAL TAX RATE 2014 ASSUME AVERAGE ASSESSED VALUE OF $500,000 Town Schoool Tax School Purposes General Tax Total Rate* Taxes (estimated) Rate* Taxes estimated) Avon 0.372 $1,860 1.069 $5,345 Belmar 0.787 $3,935 1.935 $9,675 Brielle 0.867 $4,335 1.558 $7,790 Lake Como 0.781 $3,905 1.7 $8,500 Manasquan 0.873 $4,365 1.659 $8,295 Sea Girt 0.211 $1,055 0.789 $3,945 Spring Lake 0.181 $905 0.686 $3,430 Spring Lake 0.686 $3,430 1.343 $6,715 Heights Wall 1.666 $8,330 2.825 $14,125 *Monmouth County Certified Tax Rates 2014

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Proposed 2015-2016 School Budget Presentation April 30, 2015

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