03/18/2010 MONMOUTH - FARMINGDALE BORO Advertised Enrollments ENROLLMENT CATEGORY October 15, 2008 October 15, 2009 October 15, 2010 Actual Actual Estimated Pupils on Roll Regular Full-Time 127 125 136 Pupils on Roll - Special Full-Time 18 25 20 Pupils Received 2 10 10 MONMOUTH - FARMINGDALE BORO Advertised Revenues Budget Category Account 2008-09 2009-10 2010-11 Actual Revised Anticipated OPERATING BUDGET Budgeted Fund Balance - Operating Budget 10-303 122,140 196,484 Revenues from Local Sources: Local Tax Levy 10-1210 1,414,925 1,394,545 1,451,235 Tuition 10-1300 6,990 6,000 12,000 Interest Earned on Capital Reserve Funds 10-1XXX 1,400 1,400 420 Unrestricted Miscellaneous Revenues 10-1XXX 15,009 12,000 8,000 SUBTOTAL 1,438,324 1,413,945 1,471,655 Revenues from State Sources: Extraordinary Aid 10-3131 103,847 25,607 Other State Aids 10-3XXX 696 Categorical Special Education Aid 10-3132 71,093 72,539 76,356 Equalization Aid 10-3176 320,786 234,564 429,330 Categorical Security Aid 10-3177 12,478 12,643 13,482 Adjustment Aid 10-3178 333,165 444,400 178,117 Categorical Transportation Aid 10-3121 2,513 2,134 2,134 SUBTOTAL 844,578 791,887 699,419 Revenues from Federal Sources: Equalization Aid - ARRA ESF 16-4520 50,057 Equalization Aid - ARRA GSF 17-4521 1,938 SUBTOTAL 51,995 Actual Revenues (Over)/Under Expenditures -84,050 TOTAL OPERATING BUDGET 2,198,852 2,379,967 2,367,558 GRANTS AND ENTITLEMENTS Revenues from Federal Sources: Title I 20-4411-4416 8,726 12,745 10,833 Title II 20-4451-4455 6,746 Title IV 20-4471-4474 289 Title VI 20-4417-4418 72 I.D.E.A. Part B (Handicapped) 20-4420-4429 37,472 37,130 31,560 Other 20-4XXX 10,974 24,995 15,948 TOTAL REVENUES FROM FEDERAL SOURCES 57,244 74,870 65,376 TOTAL GRANTS AND ENTITLEMENTS 57,244 74,870 65,376 TOTAL REVENUES/SOURCES 2,256,096 2,454,837 2,432,934 MONMOUTH - FARMINGDALE BORO Advertised Appropriations Budget Category Account 2008-09 2009-10 2010-11 Expenditures Rev. Approp. Appropriations GENERAL CURRENT EXPENSE Instruction: Regular Programs 11-1XX-100-XXX 882,485 819,931 849,086 Special Education 11-2XX-100-XXX 270,424 320,831 263,536 School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 5,097 8,000 8,000 Before/After School Programs 11-421-XXX-XXX 7,200 3,000 Summer School 11-422-XXX-XXX 8,000 5,000 Support Services: Attendance and Social Work Services 11-000-211-XXX 42,745 24,096 33,396 Health Services 11-000-213-XXX 151,086 81,556 82,960 Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 153,039 152,813 Guidance 11-000-218-XXX 16,138 Child Study Teams 11-000-219-XXX 62,493 99,203 121,511 Educational Media Services - School Library 11-000-222-XXX 6,123 48,590 40,017 Instructional Staff Training Services 11-000-223-XXX 814 General Administration 11-000-230-XXX 111,257 110,977 106,628 School Administration 11-000-240-XXX 58,199 60,528 60,528 Central Svcs & Admin Info Technology 11-000-25X-XXX 46,673 61,046 68,268 Operation and Maintenance of Plant Services 11-000-26X-XXX 202,689 240,646 223,603 Student Transportation Services 11-000-270-XXX 16,402 12,107 12,727 Personal Services - Employee Benefits 11-XXX-XXX-2XX 318,227 322,817 335,696 Food Services 11-000-310-XXX 8,000 Total Support Services Expenditures 1,040,846 1,214,605 1,238,147 TOTAL GENERAL CURRENT EXPENSE 2,198,852 2,378,567 2,366,769 CAPITAL EXPENDITURES Interest Earned on Capital Reserve 10-604 1,400 420 Facilities Acquisition and Construction Services 12-000-4XX-XXX 369 TOTAL CAPITAL EXPENDITURES 1,400 789 OPERATING BUDGET GRAND TOTAL 2,198,852 2,379,967 2,367,558 SPECIAL GRANTS AND ENTITLEMENTS Title I 20-XXX-XXX-XXX 8,726 12,745 10,833 Federal Projects: Title II 20-XXX-XXX-XXX 6,746 Title IV 20-XXX-XXX-XXX 289 Title VI 20-XXX-XXX-XXX 72 I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 37,472 37,130 31,560 Other Special Projects 20-XXX-XXX-XXX 10,974 24,995 15,948 Total Federal Projects 57,244 74,870 65,376 TOTAL GRANTS AND ENTITLEMENTS 57,244 74,870 65,376 Total Expenditures 2,256,096 2,454,837 2,432,934 DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS: Local Contrib-Transfer to Grants & Entitlements 11-1XX-100-930 Capital Reserve - Transfer to Repayment of Debt 12-000-400-933 Transfer Property Sale Proceeds to Debt Svc Res 11-000-520-934 TOTAL EXPENDITURES NET OF TRANSFERS 2,256,096 2,454,837 2,432,934 MONMOUTH - FARMINGDALE BORO Advertised Recapitulation of Balance Audited Audited Estimated Estimated Balance Balance Balance Balance Budget Category 6/30/2008 6/30/2009 6/30/2010 6/30/2011 Unassigned: General Operating Budget 321,413 410,275 288,135 91,651 Repayment of Debt 0 0 0 0 Restricted for Specific Purposes: General Operating Budget: Capital Reserve 29,287 30,003 31,403 31,823 Adult Education Programs 0 0 0 0 Maintenance Reserve 0 0 0 0 Legal Reserve 0 0 0 0 Tuition Reserve 0 0 0 0 Current Expense Emergency Reserve 0 0 0 0 Restricted for Repayment of Debt 0 0 0 0 MONMOUTH - FARMINGDALE BORO Advertised Per Pupil Cost Calculations 2010 - 2011 2007-08 2008-09 2009-10 2009-10 2010-2011 Actual Actual Original Revised Proposed Budget Budget Budget Per Pupil Cost Calculations: (1) (2) (3) (4) (5) Total Comparative Per Pupil Cost 15543 14880 15267 15776 15090 Total Classroom Instruction 9461 9224 8972 8996 8446 Classroom-Salaries and Benefits 9252 8980 8707 8723 8209 Classroom-General Supplies and Textbooks 209 244 265 273 237 Classroom-Purchased Services and Other 0 0 0 0 0 Total Support Services 2236 2069 2618 2968 3052 Support Services-Salaries and Benefits 1166 1080 1329 1743 1890 Total Administrative Costs 1754 1672 1713 1759 1724 Administration-Salaries and Benefits 1316 1308 1370 1410 1395 Legal Costs 0 0 45 47 51 Total Operations and Maintenance of Plant 1653 1470 1628 1705 1526 Operations & Maintenance of Plant-Salary & Ben. 590 579 639 682 603 Total Food Services Costs 40 55 0 0 0 Total Extracurricular Costs 39 35 52 53 51 Total Equipment Costs 0 0 0 0 0 Employee Benefits as a % of Salaries 18.4 17.9 17.8 17.4 18.2 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2010 Comparative Spending Guide and can be found on the Department of Education's Internet address: http://www.state.nj.us/ education under Finance, when available. This publication is available in the board office and public libraries. The same calculations were performed using the 2009-10 revised appropriations and 2010-11 budgeted appropriations presented in this advertised budget. Total Comparative Per Pupil Cost is defined as current expense exclusive of tuition expenditures, transportation, residential costs, and judgments against the school district. For all years, it also includes the restricted entitlement aids. With the exception of Total Equipment Cost, each of the other per pupil cost calculations presented is a component of the total comparative per pupil cost, although all components are not shown. MONMOUTH - FARMINGDALE BORO Shared Services -- Description of Shared Services _________________________________________________ 1. School Lunches with FRHSD 2. CST services with Howell BOE 3. Copy paper with Howell BOE 4. Snow plowing from Farmingdale Borough MONMOUTH - FARMINGDALE BORO 22a. Estimated Tax Rate Information ______________________________ A. Estimated 10-11 School Tax Rate __________________________________ WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 1,451,235 (A) Estimated Net Taxable Valuation (as of 10/01/2009 ) 152,787,882 (B) Estimated 10-11 General Fund School Tax Rate=(A)/(B)X100 0.9498 (C) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 1,451,235 (D) Estimated Net Taxable Valuation (as of 10/01/2009 ) 152,787,882 (E) Estimated 10-11 Total School Tax Rate=(D)/(E)X100 0.9498 (F) B. Estimated 10-11 Equalized School Tax Rate ____________________________________________ WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 1,451,235 (G) Estimated Equalized Valuation (as of 10/01/2009 ) 153,164,638 (H) Estimated 10-11 Equalized General Fund School Tax Rate=(G)/(H)X100 0.9475 (I) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 1,451,235 (J) Estimated Equalized Valuation (as of 10/01/2009 ) 153,164,638 (K) Estimated 10-11 Equalized Total School Tax Rate=(J)/(K)X100 0.9475 (L) MONMOUTH - FARMINGDALE BORO 17. Salaries and Benefits of Certain District Employees Name CHERI-ELLEN CROWL Job Title Superintendent PRINCIPAL Base Annual Salary 121,056 FTE 1.0 Shared with Another District? N Member of Collective Bargaining ? N Contract Terms: Beginning Date of Contract 07/01/2006 Ending Date of Contract 06/30/2012 Annual Work Days 248 Annual Vacation Days 25 Annual Sick Days 12 Annual Personal Days 3 Annual Consulting Days 0 Other Non-working days 0 Description-Other Non-working Days Benefits: Allowances 1,710 Bonuses 0 Stipends 0 District Contributions above Teacher amount for: Health Insurance 2,098 Dental Insurance 316 Life Insurance 0 Other Insurances 1,500 Retirement Plans 0 Post-Employment Benefits 6,000 Description of: Buyback of Sick Days Buyback of Vac. Days Buyback of Personal Days Other Post-Emp. Benefits Other Post-Emp. Benefits Other Post-Emp. Benefits In-Kind and Other Remuneration 0 Description of: Annual Buyback of Sick Days Annual Buyback of Vac. Days Annual Buyback of Personal Days All Other In-Kind/Remuneration Additional Comments MONMOUTH - FARMINGDALE BORO 17. Salaries and Benefits of Certain District Employees Name KAREN MINUTOLO Job Title Business Administrator Base Annual Salary 10,110 FTE 0.2 Shared with Another District? N Member of Collective Bargaining ? N Contract Terms: Beginning Date of Contract 07/01/2009 Ending Date of Contract 06/30/2010 Annual Work Days 40 Annual Vacation Days 0 Annual Sick Days 0 Annual Personal Days 0 Annual Consulting Days 0 Other Non-working days 0 Description-Other Non-working Days Benefits: Allowances 80 Bonuses 0 Stipends 0 District Contributions above Teacher amount for: Health Insurance 0 Dental Insurance 0 Life Insurance 0 Other Insurances 0 Retirement Plans 0 Post-Employment Benefits 0 Description of: Buyback of Sick Days Buyback of Vac. Days Buyback of Personal Days Other Post-Emp. Benefits Other Post-Emp. Benefits Other Post-Emp. Benefits In-Kind and Other Remuneration 0 Description of: Annual Buyback of Sick Days Annual Buyback of Vac. Days Annual Buyback of Personal Days All Other In-Kind/Remuneration Additional Comments