mrs. erin hegglin, president mrs. susan trocchia, vice president mrs. kristin arvanitis mrs. meaghan...
TRANSCRIPT
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
2015-2016 School Year
Technology UpgradesProfessional DevelopmentTextbook ReplacementsSpecial Services
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
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)
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
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
• Approve Final Budget at Regular Public Meeting on April 28, 2014
• The User Friendly Budget will be posted to the District Website