Sea Girt Borough School District 2015-2016 Budget supports the thorough and efficient education of 233 students in grades PK – 12. Sea Girt Borough School District - 166 Elementary

Proposed

2015-2016 School Budget

Presentation

April 30, 2015

Sea Girt Borough

School District

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

Sea Girt Borough School District

- 166 Elementary School Students

- 46 Manasquan High School Students

- 15 Vocational High School Students

- 6 Out of District/Unilateral Students

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

• 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

The New Jersey Department of Education has recognized the Sea Girt School for Outstanding NJ-ASK Scores.


- The Sea Girt School District maintains statecertification through NJQSAC and is monitoredeach year for certification that will be in effectthrough June, 2015

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


- 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

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


- 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


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

Sea Girt Borough School DistrictREVENUES 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 AidExtraordinary AidEd Jobs Aid

$ 104,828$ 0$ 0

$ 104,828$ 0$ 0

$ 0$ 0$ 0

2.23%0%0%

Operating Budget Revenue $ 4,557,937 $ 4,646,302 $ 88,365 99.05%

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%

Sea Girt Board of Education: Revenues

Sea Girt Borough School DistrictHistoric 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%


Debt Service Fund Tax Levy

2015-16 TAX LEVY $ -0-

The 2002 Bond Issue for the Sea Girt SchoolAddition was paid in full during the 2011-2012school year.


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%)


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%

Sea Girt Board of Education: Expenditures


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


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


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


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


Analysis of Tax Levy Compared to Property Values

Represents a $.0055 tax increase (2.94%)

2015-2016 School Year 2014-2015 School Year DifferenceAssessed 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

Monmouth County Municipalities – 2014 School Tax Rate

MUNICIPALITY RATE PER $100Allenhurst 0.009Deal 0.108Spring Lake 0.181Sea Girt 0.211Interlaken 0.368Avon 0.372Bradley Beach 0.510Asbury Park 0.573Monmouth Beach 0.644Spring Lake Hts. 0.686Sea Bright 0.708Lake Como 0.781Belmar 0.787Rumson 0.820Brielle 0.867Long Branch 0.870Manasquan 0.873Keansburg 0.959Red Bank 1.079Shrewsbury Twp. 1.146Colts Neck 1.152Eatontown 1.156Oceanport 1.158Englishtown 1.184Highlands 1.208Tinton Falls 1.238Freehold Boro 1.244

MUNICIPALITY RATE PER $100Fair Haven 1.252Neptune City 1.259Shrewsbury Boro 1.283West Long Branch 1.294Loch Arbour 1.303Little Silver 1.316Farmingdale 1.325Atlantic Highlands 1.347Middletown 1.357Holmdel 1.363Keyport 1.363Manalapan 1.381Ocean Twp 1.408Union Beach 1.412Neptune Twp. 1.413Marlboro 1.449Freehold Twp. 1.631Matawan. 1.632Wall Twp. 1.666Allentown 1.690Aberdeen 1.691Hazlet 1.701Howell 1.745Upper Freehold 1.747Millstone 1.923Roosevelt 1.941

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

COMPARISON

GENERAL TAX RATE 2014ASSUME AVERAGE ASSESSED VALUE

OF $500,000

Town Schoool Tax School Purposes General Tax TotalRate* 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

Proposed

2015-2016 School Budget

Presentation

April 30, 2015

Sea Girt Borough

School District

Documents

Sea Girt Borough School District 2015-2016 Budget supports the thorough and efficient education of 233 students in grades PK – 12. Sea Girt Borough School District - 166 Elementary