mrs. erin hegglin, president mrs. susan trocchia, vice president mrs. kristin arvanitis mrs. meaghan...

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Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr. Brian Kramer Mrs. Patricia McLaughlin Ms. Beth Sarfaty

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Page 1: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

Mrs. Erin Hegglin, PresidentMrs. Susan Trocchia, Vice President

Mrs. Kristin ArvanitisMrs. Meaghan Cavanaugh

Dr. Paul ChristopherMrs. Mary Gassman

Mr. Brian KramerMrs. Patricia McLaughlin

Ms. Beth Sarfaty

Page 2: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

2015-2016 School Year

Page 3: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

Technology UpgradesProfessional DevelopmentTextbook ReplacementsSpecial Services

Page 4: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

2014-2015 2015-2016

Excess Surplus $897,684 $741,544

Taxes $9,282,312 $9,282,312

State Aid $276,595 $276,595

Tuition $240,000 $340,000

Miscellaneous $15,000 $15,000

Federal Grants $558,107 $558,107

Debt Service $470,000 $456,000

Total Revenue $11,739,698 $11,669,558

Page 5: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

Current Budget

Proposed Budget

Change

Current Expenses

$10,422,204 $10,488,773 66,569

Capital Outlay

$289,387 $166,678 ($122,709)

Special Programs

$558,107 $558,107 $0

Debt Service

$470,000 $456,000 ($14,000)

Total $11,739,698 $11,669,558 ($70,140)

Page 6: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

2014-2015= $9,282,3122015-2016= $9,282,312

Calendar Levy (Jan-Jun) $4,641,156Calendar Levy (Jul-Dec) $4,641,156Calendar Levy- $9,282,312Divide by 2015 Ratables- $1.204 billion

(incr.= $81 million)School Tax Rate 2015= $0.827 per $100 AVSchool Tax Rate 2016= $0.771 per $100 AVTax Rate Decrease= $0.052

Page 7: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

2014-2015Average Home Assessment = $383,300*0.827 x $383,000/100 = $3,167

(based on ratables of $1,122,000,000)2015-2016Average Home Assessment = $417,704*0.771 x $417,704/100 = $3,220

(based on ratables of $1,203,950,280)

Net Increase= $53 per year

*SOURCE: West Long Branch Borough Chief Financial Officer

Page 8: Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr

• Approve Final Budget at Regular Public Meeting on April 28, 2014

• The User Friendly Budget will be posted to the District Website