2015-2016 Budget Presentation

Dr. John E. Bormann – Superintendent Mr. Nick Mackres – Business Administrator

The 2015-2016 Budget supports the “thorough and efficient” education of 309 students PK – 12

▪ 224 – Elementary School Students

▪ 64 – Other Districts – Regular Ed

▪ 14.5 – Other Districts – Special Ed

▪ 6.5– Private School – Special Ed

Note: Includes Tuition Students

The 2015-2016 Budget supports effective programming and high student performance through… Transition to the Next Generation Science Standards Maintenance of all academic, social/emotional programming

and the personnel to support such programming Continuation of implementation of a digital student

information and data analysis system Continuation of job-embedded professional development

opportunities for our staff to support student learning Continuation of enhancement of our early childhood education

program Implementation of phase 3 of our 3-year technology plan Continued maintenance of our facilities

The 2015-2016 Budget protects all of the programs that make growth in student performance possible… Accelerated Courses in ELA and Math in 6-8 Increased time in ELA and Math at all grade levels Gifted & Talented Student Identification and Opportunities in 3-8 Specialized Science Teacher in K-5 Best-Practices in Pre-School Education Accelerated Spanish Program in 6-8 World Cultures Program in K-2 1:1 Technology Initiative in 2-8 21st Century Digital Teaching , Learning, & Assessment Resources Exposure to all special area subjects at all grade levels- art, music, PE, health, technology, library, world language Flex periods for Intervention and Enrichment Character Education class periods with research-based programs- Stop & Think, Social Decision Making, Bar

Foundation, Bucket Filler, Lunch Bunch Responsive Classroom Morning Meetings Community Building programs- Buddy Activities & Community Service Comprehensive social and emotional supports for students Comprehensive Special Education programs with strong support systems Multi-media/Research Skills Instruction Professional Learning Team time built into teachers’ schedules Data Team time built into teachers’ schedules Open Study Hall time Before and After School Intervention & Extra Help

The 2015-2016 Budget will continue to support our students in their outstanding academic performance…

The 2015-2016 Budget will continue to support our staff in promoting students’ outstanding academic growth…

11-12

12-13

13-14

The 2015-2016 Budget will continue to support our students in their outstanding academic growth…

Area 2011-2012 2013-2104

English Language Arts 23% Peer Ranking 80% State Ranking

91% Peer Ranking 98% State Ranking

Mathematics 84% Peer Ranking 97% State Ranking

96% Peer Ranking 99% Peer Ranking

Absenteeism 13% Peer Ranking 87% State Ranking

55% Peer Ranking 92% State Ranking

The 2015-2016 Budget maximizes each dollar through shared services with… Spring Lake Department of Public Works

Spring Lake Police Department

Monmouth-Ocean Educational Services Commission

Middlesex Regional Educational Services (Purchasing)

A.C.T.

A.C.E.S. (Utilities)

E-Rate (Communications/Internet/I.T.)

Other Local Districts - Cooperative purchasing, Shared Professional Development, Transportation, & Gifted and Talented Programs

Monmouth County – joint advertising

NJSBAIG/MOCSSIF – Insurance

The 2015-2016 Budget maximizes each dollar through collaborative efforts with… Parent- Teacher Association Spring Lake Educational Foundation Booster Club …including…

▪ Professional development ▪ Class trips ▪ Extra-curricular activities ▪ Assemblies ▪ Curricular enhancements ▪ Technology ▪ Facility maintenance and improvements

County

17%

Municipalities

24% Schools

59%

School

28%

Municipal

32%

County

40%

Spring Lake Property Taxes

2014 Distribution

Monmouth County Total

General Taxes 2014

2014 School Tax Rates by Municipality (Operating District):

Roosevelt Boro 1.941

Millstone Twp 1.923

Upper Freehold Twp 1.747

Howell Twp 1.745

Hazlet Twp 1.701

Aberdeen Twp 1.691

Allentown Boro 1.690

Wall Twp 1.666

Matawan Boro 1.632

Freehold Twp 1.631

Marlboro Twp 1.449

Neptune City Boro 1.413

Union Beach Boro 1.412

Ocean Twp 1.408

Manalapan Twp 1.381

Keyport Boro 1.363

Holmdel Twp 1.363

Middletown Twp 1.357

Atlantic Highlands Boro 1.347

Farmingdale Boro 1.325

Little Silver Boro 1.316

Loch Arbour Village 1.303

West Long Branch Boro 1.294

Shrewsbury Boro 1.283

Neptune Twp 1.259

Fair Haven Boro 1.252

Freehold Boro 1.244

Tinton Falls Boro 1.238

Highlands Boro 1.208

Englishtown Boro 1.184

Oceanport Boro 1.158

Eatontown Boro 1.156

Colts Neck Twp 1.152

Shrewsbury Twp 1.146

Red Bank Boro 1.079

Keansburg Boro 0.959

Manasquan Boro 0.873

Long Branch City 0.870

Brielle Boro 0.867

Rumson Boro 0.820

Belmar Boro 0.787

Sea Bright Boro 0.708

Spring Lake Heights Boro 0.686

Monmouth Beach Boro 0.644

Asbury Park City 0.573

Bradley Beach Boro 0.510

Avon By The Sea Boro 0.372

Interlaken Boro 0.368

Sea Girt Boro 0.211

Spring Lake Boro 0.181

Deal Boro 0.108

Note: 2nd lowest out of 53 townships, with operating school district from County Abstract of Ratables

Comparison General Tax Rate 2014

Per $100,000 of Assessed Value

SCHOOL TAX RATE

SCHOOL TAXES

TOTAL TAX RATE

TOTAL TAXES

SPRING LAKE .181 $181 0.686 $686

SEA GIRT .211 $211 0.789 $789

AVON .372 $372 1.069 $1,069

SPRING LAKE HEIGHTS .686 $686 1.343 $1,343

LAKE COMO .781 $781 1.700 $1,700

BELMAR .787 $787 1.935 $1,935

BRIELLE .867 $867 1.558 $1,558

MANASQUAN .873 $873 1.659 $1,659

WALL TWP 1.666 $1,666 2.825 $2,825

2014 Tax Rates Comparison:

Note: Based on general tax rates, not equalized value from County Abstract of Ratables

Local Tax Levy History:

LOCAL TAXES

Name 2007 - 08 2008 - 09 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16

Total School Tax* $6,475,010 $6,468,535 $5,956,825 $6,097,605 $6,036,207 $6,036,462 $6,080,639 $6,211,100 $6,388,856

$ Increase over PY ($6,475) ($511,710) $140,780 ($61,398) $255 $44,177 $130,461 $177,756

% Increase over PY -0.10% -7.91% 2.36% -1.01% 0.00% 0.73% 2.15% 2.86%

Tax Rate per $100** $0.1925 $0.1772 $0.1812 $0.1783 $0.1777 $0.1789 $0.1827 $0.1849

* Includes Debt Service ** Without Equalization

Banked Cap:

• Expiring: $116,207

• Remaining for future budgets: $82,819

Note: Used historical info from previous BA

Average Home Value: $1,706,100

Current 2014-2015 School Tax: $3,117 Proposed 2015-2016 School Tax: $3,155

Tax Impact:

Note: Used current valuation with prior year tax rate @ 0.1827/$100

Revenues:

85%

7%

4% 3% 1%

Revenues: $7,490,221

Local Tax Levy

Reserves

State Aid

Grants

Misc./Tuition

State Aid:

$(50,000)

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

2009 - 2010 2010 - 2011 2011 - 2012 2012 - 2013 2013-2014 2014-2015 2015-2016

State Aid

Transportaion Aid Special Education Aid Security Aid

Adjustment Aid PARCC Readiness Per Pupil Growth

Prior Year Adjust - Non-Public

Note: Total losses since SY210/11 is $1,189,106

Recapitulation of Balances:

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2007 - 08 2008 - 09 2009 - 10 2010 - 11 2011 - 12 2012 - 13 2013 - 14 2014 - 15 2015 - 16

Reserve Balances (Total)

LEGAL RESERVE (Fund Balance)

DEBT SERVICE RESERVE FOR DEBT REPAYMENT

TUITION RESERVE

MAINTENANCE RESERVE

CAPITAL RESERVE

UNASSIGNED (Unreserved General Opearting Budget)

CURRENT EXPENSE EMERGENCY RESERVE

Note: Legal and Tuition Reserve for SY2015/16 is anticipated

Expenses:

44%

10%

20%

5%

1%

1%

1%

3%

15%

Expenses: $7,490,221Salaries

Benefits

Tuition

Transportation

Insurance

Utilities

Capital Outlay

Debt

Misc Instruction

Budget Analysis:

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Cost per Pupil $21,759 $19,809 $18,617 $18,915 $20,012 $21,202 $20,999 $22,828

Pupils, Estimate 256 261 264 272 271 255 249 224

-

50

100

150

200

250

300

$-

$5,000

$10,000

$15,000

$20,000

$25,000

Cost Per Pupil Vs Pupil EstimatesTotal Budgetary Comparative

Note: Anticipated numbers, not actuals in order to show trending analysis for SY14/15 and 15/16

Budget Analysis:

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16

Budget, Anticipated 8670538 8060347 7352141 7419314 7664797 7988579 7699573 7490221

Pupils, Estimate 256 261 264 272 271 255 249 224

200

210

220

230

240

250

260

270

280

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

Budget Vs Pupil EstimatesTotal Budgetary Comparative

Note: Anticipated numbers, not actuals in order to show trending analysis for SY14/15 and 15/16

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