MONMOUTH Advertised Enrollments RED BANK BORO State Aids 10-3XXX 742,213 0 0 Subtotal - Revenues From State Sources 3,166,614 3,167,374 3,167,374 Revenues from Federal Sources:

2017-18 User Friendly Budget Summary Page 1 of 21 Generated on October 5, 2017

MONMOUTH Advertised Enrollments RED BANK BORO

ENROLLMENT CATEGORIES10-15-2015ACTUAL

10-15-2016ACTUAL

10-15-2017ESTIMATE

Pupils On Roll Regular Full-Time 1,268.0 1,274.0 1,257.0

Pupils On Roll Special Ed Full-Time 166.0 177.0 220.0

Pupils On Roll SUBTOTAL 1,434.0 1,451.0 1,477.0

Pupils in Private School Placements 8.0 6.0 8.0

Pupils Sent to Contracted Preschool 155.0 144.0 0.0

Pupils Sent to Other Districts Regular 0.0 0.0 350.0

Pupils Sent to Other Districts Special Ed 1.0 4.0 0.0

Pupils Received 3.0 1.0 0.0


MONMOUTH Advertised Revenues RED BANK BORO

Budget Category Account2015-16

Actual2016-17Revised

2017-18Anticipated

Operating Budget:

Revenues from Local Sources:

Local Tax Levy 10-1210 15,497,094 16,042,892 16,565,766

Total Tuition 10-1300 16,950 11,240 0

Unrestricted Miscellaneous Revenues 10-1XXX 93,903 23,154 20,000

Interest Earned On Capital Reserve Funds 10-1XXX 24 0 0

Subtotal - Revenues From Local Sources 15,607,971 16,077,286 16,585,766

Revenues from State Sources:

Categorical Transportation Aid 10-3121 34,744 40,184 40,184

Extraordinary Aid 10-3131 167,982 110,000 110,000

Categorical Special Education Aid 10-3132 665,749 684,183 684,183

Equalization Aid 10-3176 1,399,215 1,405,361 1,405,361

Categorical Security Aid 10-3177 156,711 173,565 173,565

Supplemental Enrollment Growth Aid 10-3179 0 373,912 373,912

Under Adequacy Aid 10-3180 0 339,219 339,219

Parcc Readiness Aid 10-3181 0 13,410 13,410

Per Pupil Growth Aid 10-3182 0 13,410 13,410

Professional Learning Community Aid 10-3183 0 14,130 14,130

Other State Aids 10-3XXX 742,213 0 0

Subtotal - Revenues From State Sources 3,166,614 3,167,374 3,167,374

Revenues from Federal Sources:

Medicaid Reimbursement 10-4200 14,642 40,990 51,910

Subtotal - Revenues From Federal Sources 14,642 40,990 51,910

Budgeted Fund Balance - Operating Budget 10-303 0 441,412 720,639

Withdraw From Cap Res-Excess Cost & Oth Cap Prj 10-309 0 0 682,000

Withdrawal From Maint. Reserve 10-310 0 0 920,900

Adjustment For Prior Year Encumbrances 0 688,198 0





2017-18Anticipated

Actual Revenues (Over)/Under Expenditures -1,236,352 0 0

Total Operating Budget 17,552,875 20,415,260 22,128,589

Grants and Entitlements:

Other Revenue From Local Sources 20-1XXX 51,104 90,141 0

Total Revenues From Local Sources 20-1XXX 51,104 90,141 0

Revenues from State Sources:

Preschool Education Aid - Pr Yr Carryover 20-3218 147,797 556,993 556,993

Preschool Education Aid 20-3218 3,594,819 3,774,124 3,945,712

Other Restricted Entitlements 20-32XX 222,892 239,641 191,711

Total Revenues From State Sources 3,965,508 4,570,758 4,694,416

Revenues from Federal Sources:

Title I 20-4411-4416 777,291 940,030 645,800

Title II 20-4451-4455 61,684 81,113 49,739

Title III 20-4491-4494 96,720 119,722 71,099

I.D.E.A. Part B (Handicapped) 20-4420-4429 405,692 398,966 284,950

Other 20-4XXX 17,545 0 0

Total Revenues From Federal Sources 1,358,932 1,539,831 1,051,588

Transfers From Operating Budget-Prek 20-5200 300,000 0 0

Transfers From Operating Budget-Prek (Special Education) 20-5200 0 325,000 250,000

Total Grants And Entitlements 5,675,544 6,525,730 5,996,004

Repayment of Debt:

Revenues from Local Sources:

Local Tax Levy 40-1210 478,775 502,125 456,298

Total Revenues From Local Sources 478,775 502,125 456,298

Total Local Repayment Of Debt 478,775 502,125 456,298





2017-18Anticipated

Total Repayment Of Debt 478,775 502,125 456,298

Total Revenues/Sources 23,707,194 27,443,115 28,580,891

Deduct Transfer-Transfers From Operating Budget-Prek 20-5200 300,000 0 0

Deduct Transfer-Transfers From Operating Budget-Prek (Special Education) 20-5200 0 325,000 250,000

Total Revenues/Sources Net of Transfers 23,407,194 27,118,115 28,330,891


MONMOUTH Advertised Appropriations RED BANK BORO



2017-18Anticipated

General Current Expense:

Instruction:

Regular Programs - Instruction 11-1XX-100-XXX 4,122,968 4,278,869 3,979,862

Special Education - Instruction 11-2XX-100-XXX 1,024,997 1,344,770 1,702,578

Basic Skills/Remedial - Instruction 11-230-100-XXX 53,170 107,320 105,635

Bilingual Education - Instruction 11-240-100-XXX 1,095,762 1,239,895 1,205,036

School-Spon. Co/Extra Curr. Actvts. - Inst 11-401-100-XXX 1,500 9,300 6,900

School-Sponsored Athletics - Instruction 11-402-100-XXX 54,242 56,918 33,772

Community Services Programs/Operations 11-800-330-XXX 2 10,000 8,500

Support Services:

Undistributed Expenditures - Instruction (Tuition) 11-000-100-XXX 690,060 660,901 483,788

Undist. Expenditures - Health Services 11-000-213-XXX 124,536 143,052 121,543

Undist. Expend.-Speech, OT, PT And Related Svcs 11-000-216-XXX 212,339 313,384 300,726

Undist. Expenditures - Guidance 11-000-218-XXX 120,279 132,085 135,200

Undist. Expenditures - Child Study Teams 11-000-219-XXX 330,389 327,466 334,556

Undist. Expend.-Improv. Of Inst. Serv. 11-000-221-XXX 320,667 374,372 377,858

Undist. Expend.-Edu. Media Serv./Library 11-000-222-XXX 228,760 237,000 241,893

Undist. Expend.-Instr. Staff Training Serv. 11-000-223-XXX 4,100 6,000 6,000

Undist. Expend.-Support Serv.-Gen. Admin. 11-000-230-XXX 427,437 605,667 505,935

Undist. Expend.-Support Serv.-School Admin. 11-000-240-XXX 433,106 539,187 516,964

Undist. Expend. - Central Services 11-000-251-XXX 246,353 266,196 259,323

Undist. Expend. - Admin. Info Technology 11-000-252-XXX 221,178 216,735 241,269

Undist. Expend.-Oper. And Maint. Of Plant Serv. 11-000-26X-XXX 1,500,084 1,836,785 2,556,406

Undist. Expend.-Student Transportation Serv. 11-000-270-XXX 914,614 1,147,752 1,112,731

Personal Services - Employee Benefits 11-XXX-XXX-2XX 3,419,148 4,481,534 5,384,063

Total Undistributed Expenditures 9,193,050 11,288,116 12,578,255

Total General Current Expense 15,545,691 18,335,188 19,620,538

Capital Expenditures:





2017-18Anticipated

Equipment 12-XXX-XXX-730 132,824 154,569 17,000

Facilities Acquisition And Const. Serv. 12-000-400-XXX 54,000 132,838 736,000

Total Capital Outlay 186,824 287,407 753,000

Special Schools:

Summer School:

Summer School - Instruction 13-422-100-XXX 84,278 122,554 107,089

Summer School - Support Services 13-422-200-XXX 65,970 70,447 93,168

Total Summer School 13-422-X00-XXX 150,248 193,001 200,257

Total Special Schools 13-XXX-XXX-XXX 150,248 193,001 200,257

Transfer Of Funds To Charter Schools 10-000-100-56X 1,670,112 1,599,664 1,554,794

General Fund Grand Total 17,552,875 20,415,260 22,128,589

Special Grants and Entitlements:

Local Projects 20-XXX-XXX-XXX 51,104 90,141 0

Preschool Education Aid:

PEA Instruction 20-218-100-XXX 1,210,868 1,346,115 1,162,621

Support Services 20-218-200-XXX 2,831,748 3,310,002 3,290,084

Fac Acquisition And Constr. Services 20-218-400-XXX 0 0 300,000

Total Preschool Education Aid 20-218-XXX-XXX 4,042,616 4,656,117 4,752,705

Other State Projects:

Nonpublic Textbooks 20-XXX-XXX-XXX 19,868 20,578 16,462

Nonpublic Auxiliary Services 20-XXX-XXX-XXX 0 159,801 127,840

Nonpublic Nursing Services 20-XXX-XXX-XXX 32,026 32,130 25,704

Nonpublic Technology Initiative 20-XXX-XXX-XXX 9,177 9,282 7,425

Nonpublic Security Aid 20-XXX-XXX-XXX 8,900 17,850 14,280

Other 20-XXX-XXX-XXX 152,921 0 0

Total Other State Projects 222,892 239,641 191,711

Total State Projects 20-XXX-XXX-XXX 4,265,508 4,895,758 4,944,416

Federal Projects:





2017-18Anticipated

Title I 20-XXX-XXX-XXX 777,291 940,030 645,800

Title II 20-XXX-XXX-XXX 61,684 81,113 49,739

Title III 20-XXX-XXX-XXX 96,720 119,722 71,099

I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 405,692 398,966 284,950

Other 20-XXX-XXX-XXX 17,545 0 0

Total Federal Projects 20-XXX-XXX-XXX 1,358,932 1,539,831 1,051,588

Total Special Revenue Funds 5,675,544 6,525,730 5,996,004

Repayment of Debt:

Total Regular Debt Service 40-701-510-XXX 478,775 502,125 456,298

Total Debt Service Funds 478,775 502,125 456,298

Total Expenditures/Appropriations 23,707,194 27,443,115 28,580,891

Deduct Transfer-Local Contrib. - Trans To Special Rev- Regular 11-105-100-935 300,000 0 0

Deduct Transfer-Local Contrib. - Trans To Special Rev- Inclusion 11-105-100-936 0 325,000 250,000

Total Expenditures Net of Transfers 23,407,194 27,118,115 28,330,891


MONMOUTH Advertised Recapitulation of Balances RED BANK BORO

Budget Category

AuditedBalance

6-30-2015

AuditedBalance

6-30-2016

EstimatedBalance

6-30-2017

EstimatedBalance

6-30-2018

Unrestricted:

--General Operating Budget 580,782 476,838 443,743 394,541

--Repayment of Debt -2 -2 -2 -2

Restricted for Specific Purposes - General Operating Budget:

--Capital Reserve 59,882 1,059,906 1,059,906 377,906

--Adult Education Programs 0 0 0 0

--Maintenance Reserve 949,189 949,189 949,189 28,289

--Legal Reserve 550,340 1,079,754 671,437 0

--Tuition Reserve 0 0 0 0

--Current Expense Emergency Reserve 0 0 0 0

--Impact Aid Reserve for General Expenses (Sections 8002 and 8003) 0 0 0 0

--Impact Aid Reserve for Capital Expenses (Sections 8007 and 8008) 0 0 0 0

Repayment of Debt:

--Restricted for Repayment of Debt 0 0 0 0


MONMOUTH Advertised Per Pupil Cost Calculations RED BANK BORO

Per Pupil Cost Calculations

2014-15ActualCosts

2015-16ActualCosts

2016-17OriginalBudget

2016-17RevisedBudget

2017-18ProposedBudget

Total Budgetary Comparative Per Pupil Cost $12,301 $12,779 $15,179 $14,660 $15,680

Total Classroom Instruction $7,461 $7,604 $9,086 $8,571 $8,820

Classroom-Salaries and Benefits $6,815 $6,718 $8,471 $7,944 $8,266

Classroom-General Supplies and Textbooks $348 $620 $465 $493 $439

Classroom-Purchased Services $299 $266 $150 $134 $115

Total Support Services $2,143 $2,350 $2,716 $2,612 $2,876

Support Services-Salaries and Benefits $1,785 $1,867 $2,162 $2,188 $2,273

Total Administrative Costs $1,205 $1,326 $1,603 $1,628 $1,586

Administration Salaries and Benefits $991 $969 $1,201 $1,124 $1,182

Total Operations and Maintenance of Plant $1,381 $1,389 $1,617 $1,699 $2,253

Operations and Maintenance-Salaries and Benefits $743 $710 $880 $833 $806

Board Contribution to Food Services $0 $0 $0 $0 $0

Total Extracurricular Costs $53 $55 $69 $67 $44

Total Equipment Costs $118 $105 $55 $121 $244

Legal Costs $45 $45 $51 $47 $46

Employee Benefits as a percentage of salaries* 37.98% 39.02% 47.74% 45.69% 54.35%

*Does not include pension and social security paid by the State on-behalf of the district.**Federal and State funds in the blended resource school-based budgets.

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the Taxpayers' Guide to Education Spending(formerly the Comparative Spending Guide) and can be found on the Department of Education's Internet website: http://www.state.nj.us/education/guide/. This publication is alsoavailable in the board office and public libraries. The same calculations were performed using the 2016-17 revised appropriations and the 2017-18 budgeted appropriationspresented in this advertised budget. Total Budgetary Comparative Per Pupil Cost is defined as current expense exclusive of tuition expenditures, transportation, residential costs,and judgments against the school district. For all years it also includes the restricted entitlement aids. With the exception of Total Equipment Cost, each of the other per pupil costcalculations presented is a component of the total comparative per pupil cost, although all components are not shown.


MONMOUTH Shared Services RED BANK BORO

Shared Service Category Type Shared Service Category Description

AmountSaved

(Optional)

Staffing - Other Staff provided by the regional district to cover VPA courses 0

Others Partnerships with private preschool providors/Heads Start to provide universal grant funded preschool program 0

Others Curriculum and Articulation meetings with regional 0

Others many partnerships with community and non-profit organizations and universities to provide services to our students 0

Others Utilize MOESC for all non-public state funded services 0

Transportation Services, including Fuel Utilize MOESC for all OOD students and non-public student transportation. 0

Purchasing Participate in cooperative bidding programs for savings on grounds, services, energy and insurance 0

Municipal/Public Works Shared services for trash, recycling, snow removal and water 0

Professional Staff Development Host and include district PD for all preschool provider partners 0


MONMOUTH Estimated Tax Rate Information RED BANK BORO

A. Estimated 17-18 School Tax Rate

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS

(A) General Fund School Levy 16,565,766

(B) Estimated Net Taxable Valuation (as of 10/01/16) 2,081,283,910

(C) Estimated 17-18 General Fund School Tax Rate=(A)/(B)x100 0.7959

WITH REPAYMENT OF DEBT AND ADJUSTMENTS

(D) Total School Levy 17,022,064

(E) Estimated Net Taxable Valuation (as of 10/01/16) 2,081,283,910

(F) Estimated 17-18 Total School Tax Rate=(D)/(E)x100 0.8179

-----------------------------------------------------------

B. Estimated 17-18 Equalized School Tax Rate

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS

(G) General Fund School Levy 16,565,766

(H) Estimated Equalized Valuation (as of 10/01/16) 2,126,414,795

(I) Estimated 17-18 Equalized General Fund School Tax Rate=(G)/(H)x100 0.7790

WITH REPAYMENT OF DEBT AND ADJUSTMENTS

(J) Total School Levy 17,022,064

(K) Estimated Equalized Valuation (as of 10/01/16) 2,126,414,795

(L) Estimated 17-18 Equalized Total School Tax Rate=(J)/(K)x100 0.8005

-----------------------------------------------------------


MONMOUTH Employee Contract List for District RED BANK BORO

NAME=Debra Pappagallo

CATEGORY MEASURE

Job Title Business Administrator

Job Title II

Base Annual Salary Amount $116,413

Full-Time Equivalent (FTE) 1.0

Shared with Another District? N

Shared County

Shared District

Job Title Other District

Member of Collective Bargaining Unit (CBU)? N

Beginning Date of Contract 07/01/16

End Date of Contract 06/30/17

Contracted Number of Annual Work Days 260

Contracted Number of Annual Vacation Days 20

Contracted Number of Annual Sick Days 12

Contracted Number of Annual Personal Days 4

Contracted Number of Annual Consulting Days 0

Number of Other Contracted Non-Working Days 0

Description of Other Contracted Non-Working Days

Total Allowances Amount $6,556

Total Bonuses Amount $0

Total Stipends Amount $4,000

District Contributions Above Teacher Contract for Insurance (Health, Dental, Life, Other) $0

District Contributions Above Teacher Contract for Retirement Plans $0

Total Contractual Post-Employment Benefit Amount $15,000

Contractual Post-Employment Benefit Description of Payout of Sick days Max unused at retirment

Contractual Post-Employment Benefit Description of Payout of Vacation days Unused at seperation

Contractual Post-Employment Benefit Description of Payout of Personal days N/A

Contractual Post-Employment Benefit Description of Other Benefits 1





NAME=Debra Pappagallo

CATEGORY MEASURE

Total Other/In-Kind Remuneration Amount $0

Description of Other/In-Kind Remuneration Annual Option to Buyback Sick Time in Cash

Description of Other/In-Kind Remuneration Annual Option to Buyback Vacation Time in Cash

Description of Other/In-Kind Remuneration Annual Option to Buyback Personal Time in Cash

Description of Other/In-Kind Remuneration Annual Option to Other Remuneration 1



Additional Comment 1





NAME=Jared Rumage

CATEGORY MEASURE

Job Title Superintendent

Job Title II




Shared County

Shared District













Total Bonuses Amount $21,735

Total Stipends Amount $0

District Contributions Above Teacher Contract for Insurance (Health, Dental, Life, Other) $9,115


Total Contractual Post-Employment Benefit Amount $31,731

Contractual Post-Employment Benefit Description of Payout of Sick days Max unused at retirment

Contractual Post-Employment Benefit Description of Payout of Vacation days Max unused at seperation







NAME=Jared Rumage

CATEGORY MEASURE













NAME=Joseph Christiano

CATEGORY MEASURE

Job Title Information Technology

Job Title II




Shared County

Shared District














Total Stipends Amount $0



Total Contractual Post-Employment Benefit Amount $0

Contractual Post-Employment Benefit Description of Payout of Sick days N/A

Contractual Post-Employment Benefit Description of Payout of Vacation days N/A







NAME=Joseph Christiano

CATEGORY MEASURE













NAME=Michael Isley

CATEGORY MEASURE

Job Title Assistant Director

Job Title II




Shared County

Shared District


























NAME=Michael Isley

CATEGORY MEASURE













NAME=Thomas Berger

CATEGORY MEASURE

Job Title Coordinator/Director/Manager/Supervisor

Job Title II Facilities Director




Shared County

Shared District


























NAME=Thomas Berger

CATEGORY MEASURE











MONMOUTH Advertised Enrollments RED BANK BORO State Aids 10-3XXX 742,213 0 0 Subtotal - Revenues From State Sources 3,166,614 3,167,374 3,167,374 Revenues from Federal Sources:

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