SPRING LAKE HEIGHTS Board of Education 2011-2012 Budget Hearing March 28, 2011

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SPRING LAKE HEIGHTS

YOUR CHILDRENYOUR SCHOOL

YOUR COMMUNITY

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Budget process begins in NovemberNovember through December – Meet with

staff to determine needs for a strong program

January through March – Meet with Finance Committee to review, modify and finalize the budget.

March 28th - Hold public hearingApril 27th - Election and budget vote

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Economy: Respect for taxpayer realities

Fixed costs: Approximately 90% of budget expenditures are contractually

fixed or mandated

Mandates: School districts required to provide specific programs through state and federal regulations

The challenge is to balance responsible spending with the educational needs of students AND consider

the tax impact on residents.4

Fund balance $ 68,034 .92% Tuition 31,150 .42% Local tax levy 7,061,286 95.42% Miscellaneous 33,500 .45% Total Local Sources $ 7,193,970 97.21%

Ed Jobs $ 16,000 .22% State aid 190,155 2.57% Total State Sources $ 206,155 2.79%

TOTAL REVENUE 100% $ 7,400,125 100.00%(local and state sources)

From budget documents5

Salaries $2,864,398 38.71%Tuition $2,739,737 37.02%Benefits $ 741,492 10.02%Transportation $ 327,420 4.42%Oper./Maint. $ 460,014 6.22%Other $ 267,064 3.61%

FUND 11 $7,400,125 100.00%

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90.17%

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Shared Services Administrative position Professional Development Shared Resources

Rental Income Energy savings through ACES program Shared SBA Non-resident tuition students E-Rate for communication costs Contracted food service program Stringent monitoring of expenditures

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PTA – pays for all transportation for field trips, assemblies, holiday gatherings, book fairs, field days, and other school functions

SLH Educational Foundation – upgrade of technology, new smart boards, new student response systems, gifted and talented program, and selected clubs

Booster Club – team uniforms, Rutgers science bus, and selected clubs

Private Contributions – Science equipment: microscopes, digital scales, and other science supplies.

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Includes: High school students Students attending special education schools and

Students attending Monmouth County VocationalSchools, including transportation

Represents over 1/3rd of the total operating budget Difficult to predict and subject to change 2011-12 MHS tuition costs include adjustments from

2009-2010 school year 2009-10 MHS Adjustments = $89,350.40

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8 Students accepted at Monmouth County Academic Vocational Schools

Outstanding achievement on NJASK scores Increase involvement of students in community

service One student chosen Monmouth County All Shore Band Increased involvement in Gifted and Talented

Programs Student winners of various Art Contests Boys’ & Girls’ Soccer teams and the Boys’ Basketball

team won the MCAL Division B Championships

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1ST and 2ND Place in the 29th Annual District Spelling Bee

Band took 2nd Place in Street Parade Contest at the 92nd Annual American Legion Department Convention in Wildwood

Honorable Mention in the Asbury Park Press essay contest

Pop Warner First Team All American Scholar Two students also made Second Team All American

Scholar

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2010-11 2011-2012 Change

Gen’l Fund Tax Levy $ 6,922,829 $ 7,061,286 2%

Debt Levy $ 238,054 $ 337,541

Total Tax Levy $ 7,160,883 $ 7,398,827

Assessment $ 1,161,372,114 $ 1,162,224,256

Gen’l Fund Tax Rate $0.5961 $0.6076

Debt Service Rate $0.0205 $0.0290

Total Tax Rate $0.6166 $0.6366 $0.02

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Average home in SLH is valued at $457,160Impact on property tax is $22.86/quarter or $91.43/year

Assessed Value as it Appears on Your Tax Bill

School Tax2011-12

School Tax2010-11 Difference

300,000 1,909.80 1,849.80 $ 60.00

350,000 2,228.10 2,158.10 $ 70.00

400,000 2,546.40 2,466.40 $ 80.00

450,000 2,864.70 2,774.70 $ 90.00

500,000 3,183.00 3,083.00 $100.00

550,000 3,501.30 3,391.30 $110.00

600,000 3,819.60 3,699.60 $120.00

650,000 4,137.90 4,007.90 $130.00

THE TAXES ABOVE REPRESENT YOUR TOTAL SCHOOL TAXES

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Date: April 27, 2011

Time: 2 – 9:00 pm

Where: District 1 – Wall Methodist Church

District 2 – Community CenterDistrict 3 – Fire House

District 4 & 5 – Borough Hall

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Thank you for your ongoing support for

Spring Lake Heights Education

Don’t forget to vote on April 27th

2:00 – 9:00pm

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