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

SPRING LAKE HEIGHTS Board of Education 2011-2012 Budget Hearing March 28, 2011. SPRING LAKE HEIGHTS YOUR CHILDREN YOUR SCHOOL YOUR COMMUNITY. BUDGET PROCESS. Budget process begins in November November through December – Meet with staff to determine needs for a strong program

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

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  1. SPRING LAKE HEIGHTSBoard of Education2011-2012 Budget HearingMarch 28, 2011

  2. SPRING LAKE HEIGHTS YOUR CHILDREN YOUR SCHOOL YOUR COMMUNITY

  3. BUDGET PROCESS • Budget process begins in November • November 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 hearing • April 27th - Election and budget vote

  4. CONSTRAINING FACTORS • 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.

  5. SOURCES of REVENUE 2011-12GENERAL FUND 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 documents

  6. 2011-2012 OPERATING BUDGET 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% 90.17%

  7. DISTRIBUTION OF EXPENDITURES

  8. COST CONTAINMENT MEASURES • 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

  9. COMMUNITY CONTRIBUTIONS • 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.

  10. TUITION • Includes: • High school students • Students attending special education schools and Students attending Monmouth County Vocational Schools, 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

  11. SENDING DISTRICT’S COMPARATIVE COSTS

  12. ACHIEVEMENTS • 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

  13. ACHIEVEMENTS • 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

  14. SCHOOL DISTRICT TAX RATE Average home in SLH is valued at $457,160 Impact on property tax is $22.86/quarter or $91.43/year

  15. TAX IMPACT

  16. BUDGET VOTE Date: April 27, 2011 Time: 2 – 9:00 pm Where: District 1 – Wall Methodist Church District 2 – Community Center District 3 – Fire House District 4 & 5 – Borough Hall

  17. 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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