Sea Girt Borough School District...The 2016-2017 Budget supports the thorough and efficient...

Proposed

2016-2017 School Budget

Presentation

April 28, 2016

Sea Girt Borough

School District

The 2016-2017 Budget supports the thorough and efficient education of 215 students in grades PK – 12.

Sea Girt Borough School District

- 157 Elementary School Students

- 37 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

• 88% of all students in Gr. 3-8 P or AP in PARCC – LAL ‘15

• Graduates attend competitive High Schools including all of the County Vocational Academies

• 78% of all students in Gr. 3-8 P or AP in PARCC – Math ‘15• 97% of all students in Gr. 4 & 8 P or AP in NJASK – Sc. ‘15

The New Jersey Department of Education has recognized the Sea Girt School for Outstanding Standardized Assessment Scores.


- The Sea Girt School District maintains statecertification through NJQSAC and is monitoredeach year for certification that will be in effectthrough June, 2016

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


- Instrumental Music- Band- Drama- K-5 Class Plays

- 6-8 Clubs:Art, Gardening, Drama, Chorus, Technology & Video

- 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 $57,000 in tuition revenue

• By implementing mandated employee health benefit premium contributions

• By continuing the business office shared service

Sea Girt Borough School DistrictREVENUES 2015-2016 2016-2017 $ Change % of Total

Tax Levy $ 4,338,065 $ 4,424,826 $ 86,761 89.96%

Fund Balance Appropriated(General and Tuition Reserve)

$ 156,789 $ 268,353 $ 111,564 5.46%

Miscellaneous Revenue(Tuition, Interest)

$ 46,620 $ 59,600 $ 12,980 1.12%

State AidExtraordinary Aid

$ 104,828$ 0

$ 109,475$ 0

$ 0$ 0

2.23%0%

Operating Budget Revenue $ 4,646,302 $ 4,862,254 $ 215,952 98.85%

Federal Programs(IDEA & NCLB)

$ 44,735 $ 56,543 $ 11,808 1.15%

Debt Service Local Tax Levy $ 0 $ 0 $ 0 0%

Fund Balance Appropriated(Capital Projects/Reserve Withdrawal; General)

$ 0 $ 0 $ 0 0%

TOTAL REVENUE $ 4,691,037 $ 4,918,797 $ 227,760 100.00%

Sea Girt Board of Education: Revenues

Sea Girt Borough School DistrictHistoric Increases/Decreases

General Fund Tax Levy

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%2016-2017 2.00%


Debt Service Fund Tax Levy

2016-17 TAX LEVY $ -0-

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


Revenue Summary: 2016-2017

• Tax Levy Cap: 2%

• Increase in State Aid: $4,647

• Tax Levy Cap Adjustment: $0 (0%)

• Increase in Private Tuition: $12,980

• Free Balance: $195,3253; Tuition Reserve: $73,000

• Budget Increase: $227,760 (4.86%)


EXPENDITURES 2015-2016 2016-2017 $ Change% of Total

Student Programming (Grades PreK -12) (Instructional, Tuitions, Special Education Tuition, Transportation, Extra-Curricular) $ 2,569,062 $ 2,644,915 $ 75,853 53.77%

Student Support Services(Guidance, Child Study Team, Media, Nurse, Communications, Benefits and Insurance) $ 1,433,747 $ 1,554,622 $ 120,875 31.61%

Plant Operations(Custodial/Maintenance services, contracted building projects, energy costs $ 343,967 $ 373,350 $ 29,383 7.59%

School/Central Administration $ 291,574 $ 281,415 ($ 10,159) 5.72%

Grants and Entitlements $ 44,735 $ 56,543 $ 11,808 1.15%

Capital Expenditures $ 7,952 $ 7,952 $ 0 .16%

Debt Service $ 0 $ 0 $ 0 0%

Total Operating Budget: $ 4,691,037 $ 4,918,797 $ 227,760 100%

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• Media Center Services – Avon School District• Field Use – Avon and Bradley Beach


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 2016-2017 Dollars Going?

• Tuition to Manasquan, Vocational Programs and Out of District Placements

• 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: 2016-2017

• Expenditures: $227,759 (4.86%)

• Additional Salary and Benefit Costs

• Maintains All Current Programs

• Additional Special Education Costs

• Additional in Transportation Expenses

• Additional Professional Development Expenses


Analysis of Tax Levy Compared to Property Values

Represents a $.0188 tax decrease (2.00% actual increase in taxes)

Comparison of School Tax Rate vs. Assessed Value of Home

2016-2017 School Year

2015-2016 School Year Difference

Assessed Value Tax Rate Tax Impact Assessed Value Tax Rate Tax Impact Between Yearsof Home of Home

$500,000 $0.1985 $992 $500,000 $0.2173 $1,087 ($94)$750,000 $0.1985 $1,488 $750,000 $0.2173 $1,630 ($141)

$1,000,000 $0.1985 $1,985 $1,000,000 $0.2173 $2,173 ($188)$1,250,000 $0.1985 $2,481 $1,250,000 $0.2173 $2,716 ($235)$1,500,000 $0.1985 $2,977 $1,500,000 $0.2173 $3,260 ($283)$1,778,737 $0.1985 $3,530 $1,778,737 $0.2173 $3,865 ($335)$2,000,000 $0.1985 $3,969 $2,000,000 $0.2173 $4,346 ($377)$2,500,000 $0.1985 $4,962 $2,500,000 $0.2173 $5,433 ($471)$3,000,000 $0.1985 $5,954 $3,000,000 $0.2173 $6,519 ($565)$3,500,000 $0.1985 $6,946 $3,500,000 $0.2173 $7,606 ($659)$4,000,000 $0.1985 $7,939 $4,000,000 $0.2173 $8,692 ($753)

Proposed

2016-2017 School Budget

Presentation

April 28, 2016

Sea Girt Borough

School District

Slide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Sea Girt Board of Education: RevenuesSlide Number 10Slide Number 11Slide Number 12Slide Number 13Sea Girt Board of Education: ExpendituresCOOPERATIVES & SHARED SERVICESCOST SAVINGS AND CONTAINMENTWhere are the 2016-2017 Dollars Going?Slide Number 18Slide Number 19Slide Number 20

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