Sea Girt Borough School District 2015-2016 Budget supports the thorough and efficient education of...
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Transcript of Sea Girt Borough School District 2015-2016 Budget supports the thorough and efficient education of...
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…
Sea Girt Borough School District
• 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.
Sea Girt Borough School District
- 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…
Sea Girt Borough School District
- 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”…
Sea Girt Borough School District
- 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
Sea Girt Borough School District
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 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%
Sea Girt Borough School District
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.
Sea Girt Borough School District
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%)
Sea Girt Borough School District
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 Borough School District
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 Girt Borough School District
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 Girt Borough School District
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 Girt Borough School District
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
Sea Girt Borough School District
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
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