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