03/30/2010 MONMOUTH - NEPTUNE CITY
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2008 October 15, 2009 October 15, 2010
Actual Actual Estimated
Pupils on Roll Regular Full-Time 343 346 400
Pupils on Roll - Special Full-Time 52 54 10
Private School Placements 17 16 19
Pupils Sent to Other Districts-Reg Prog 141 138 135
Pupils Sent to Other Dists-Spec Ed Prog 13 18 12
Pupils in State Facilities 1
MONMOUTH - NEPTUNE CITY
Advertised Revenues
Budget Category Account 2008-09 2009-10 2010-11
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 1,075,000 759,213
Withdrawal from Tuition Reserve-Excess over adj. 10-311 100,000
Revenues from Local Sources:
Local Tax Levy 10-1210 4,646,313 4,646,327 5,192,380
Interest Earned on Capital Reserve Funds 10-1XXX 64 300 150
Unrestricted Miscellaneous Revenues 10-1XXX 89,659 20,000 10,000
SUBTOTAL 4,736,036 4,666,627 5,202,530
Revenues from State Sources:
Aid for Adult and Post-Graduate Programs 10-3191 6,696
Extraordinary Aid 10-3131 170,928
Categorical Special Education Aid 10-3132 294,142 313,061 121,137
Equalization Aid 10-3176 1,527,479 1,289,497 1,555,508
Categorical Security Aid 10-3177 60,799 73,719
Categorical Transportation Aid 10-3121 73,029 104,472
SUBTOTAL 2,133,073 1,780,749 1,676,645
Revenues from Federal Sources:
Equalization Aid - ARRA ESF 16-4520 275,185
Equalization Aid - ARRA GSF 17-4521 10,653
SUBTOTAL 285,838
Adjustment for Prior Year Encumbrances 262,833
Actual Revenues (Over)/Under Expenditures -65,053
TOTAL OPERATING BUDGET 6,804,056 8,071,047 7,738,388
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 25,834
TOTAL REVENUES FROM STATE SOURCES 25,834
Revenues from Federal Sources:
Title I 20-4411-4416 62,511 90,041 67,530
I.D.E.A. Part B (Handicapped) 20-4420-4429 159,456 162,198 121,650
Other 20-4XXX 36,173 206,284 24,000
TOTAL REVENUES FROM FEDERAL SOURCES 258,140 458,523 213,180
TOTAL GRANTS AND ENTITLEMENTS 283,974 458,523 213,180
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 172,580 6,896
Transfers from Other Funds 40-5200 45,896
Revenues from Local Sources:
Local Tax Levy 40-1210 10,965 334,300 528,109
TOTAL REVENUES FROM LOCAL SOURCES 10,965 334,300 528,109
Revenues from State Sources:
Debt Service Aid Type II 40-3160 214,973 210,733 177,964
TOTAL LOCAL REPAYMENT OF DEBT 271,834 717,613 712,969
Actual Revenues (Over)/Under Expenditures 460,216
TOTAL REPAYMENT OF DEBT 732,050 717,613 712,969
TOTAL REVENUES/SOURCES 7,820,080 9,247,183 8,664,537
MONMOUTH - NEPTUNE CITY
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 1,532,353 1,878,712 1,839,443
Special Education 11-2XX-100-XXX 250,899 324,700 322,200
Basic Skills/Remedial 11-230-100-XXX 92,263 97,500 94,500
Bilingual Education 11-240-100-XXX 52,373 55,900 55,850
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 13,026 22,300 20,950
School Sponsored Athletics 11-402-100-XXX 30,357 42,500 40,000
Before/After School Programs 11-421-XXX-XXX 15,000 15,000
Community Services Programs/Operations 11-800-330-XXX 2,000 1,000
Support Services:
Tuition 11-000-100-XXX 2,588,578 2,735,706 2,423,023
Attendance and Social Work Services 11-000-211-XXX 20,511 26,200 29,930
Health Services 11-000-213-XXX 53,154 58,000 58,815
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 217,676 267,700 292,225
Child Study Teams 11-000-219-XXX 81,764 107,700 109,515
Educational Media Services - School Library 11-000-222-XXX 2,833 11,400 8,700
Instructional Staff Training Services 11-000-223-XXX 2,384 15,475 5,000
General Administration 11-000-230-XXX 204,906 258,130 229,000
School Administration 11-000-240-XXX 77,019 98,114 92,180
Central Svcs & Admin Info Technology 11-000-25X-XXX 132,750 172,210 158,650
Operation and Maintenance of Plant Services 11-000-26X-XXX 331,325 429,900 436,200
Student Transportation Services 11-000-270-XXX 302,396 380,000 379,500
Personal Services - Employee Benefits 11-XXX-XXX-2XX 813,935 958,000 1,061,100
Food Services 11-000-310-XXX 3,490 3,600
Total Support Services Expenditures 4,832,721 5,522,135 5,283,838
TOTAL GENERAL CURRENT EXPENSE 6,803,992 7,960,747 7,672,781
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-604 64 300 150
Equipment 12-XXX-XXX-73X 60,000 50,000
Facilities Acquisition and Construction Services 12-000-4XX-XXX 50,000
TOTAL CAPITAL EXPENDITURES 64 110,300 50,150
Transfer of Funds to Charter Schools 10-000-100-56X 15,457
OPERATING BUDGET GRAND TOTAL 6,804,056 8,071,047 7,738,388
SPECIAL GRANTS AND ENTITLEMENTS
Instruction 20-217-100-XXX 24,763
Other State Projects:
Support Services 20-217-200-XXX 1,071
TOTAL TARA USED TO SUPPORT PROGRAMS 25,834
Total State Projects 25,834
Federal Projects:
Title I 20-XXX-XXX-XXX 62,511 90,041 67,530
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 159,456 162,198 121,650
Other Special Projects 20-XXX-XXX-XXX 36,173 206,284 24,000
Total Federal Projects 258,140 458,523 213,180
TOTAL GRANTS AND ENTITLEMENTS 283,974 458,523 213,180
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 732,050 717,613 712,969
TOTAL REPAYMENT OF DEBT 732,050 717,613 712,969
Total Expenditures 7,820,080 9,247,183 8,664,537
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 7,820,080 9,247,183 8,664,537
MONMOUTH - NEPTUNE CITY
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 439,622 586,989 440,928 250,000
Repayment of Debt 638,692 178,476 6,896 0
Restricted for Specific Purposes:
General Operating Budget:
Capital Reserve 11,001 11,066 11,516 11,666
Adult Education Programs 0 0 0 0
Maintenance Reserve 0 0 0 0
Legal Reserve 1,600,976 1,477,224 568,285 0
Tuition Reserve 50,000 100,000 100,000 0
Current Expense Emergency Reserve 0 0 0 0
Restricted for Repayment of Debt 0 0 0 0
MONMOUTH - NEPTUNE CITY
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 9831 10009 11917 12143 11908
Total Classroom Instruction 5912 6419 7561 7681 7571
Classroom-Salaries and Benefits 5585 6177 6895 6882 6966
Classroom-General Supplies and Textbooks 233 157 496 628 449
Classroom-Purchased Services and Other 94 86 171 170 156
Total Support Services 1249 1154 1446 1413 1444
Support Services-Salaries and Benefits 861 774 768 770 782
Total Administrative Costs 1700 1327 1466 1606 1486
Administration-Salaries and Benefits 1433 1107 1104 1117 1157
Legal Costs 0 0 28 28 24
Total Operations and Maintenance of Plant 841 960 1237 1234 1219
Operations & Maintenance of Plant-Salary & Ben. 441 469 622 619 564
Total Food Services Costs 9 9 9 9 0
Total Extracurricular Costs 121 138 193 195 185
Total Equipment Costs 0 0 151 150 122
Employee Benefits as a % of Salaries 26.7 31.7 33.9 33.7 37.0
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 - NEPTUNE CITY
Unusual Revenues and Appropriations
___________________________________
Line Number Revenue Source or 10-11 Amount Description of circumstances
Approp. Due to
Total Unusual Revenues:
0 Total Unusual Appropriations: 0
MONMOUTH - NEPTUNE CITY
Shared Services -- Description of Shared Services
_________________________________________________
THE DISTRICT SHARES SERVICES IN THE FOLLOWING WAYS:
With the Borough of Neptune City - Use of recreational facilities. The
Borough Board of Recreation uses the District's Gym for basketball and
other municipal functions. The District uses the Borough's parks and
Community Center for some athletic, educational and other activities.
Gasoline is purchased through the Borough's bid process.
The Borough's mechanic maintains our vehicles and equipment.
Office supplies are purchased cooperatively.
Equipment is shared regularly between the Borough and District.
Snow removal is done jointly with the Borough.
Garbage and recycling is picked up by the Borough's contractor.
Transportation is provided where necessary through jointures.
We join with Neptune Twsp, Avon and MOESC.
We belong to many pruchasing cooperatives with MOESC for various supplies
We are a member of the Brookdale Consortiums to provide cost effective
continuing education.
MONMOUTH - NEPTUNE CITY
22a. Estimated Tax Rate Information
______________________________
A. Estimated 10-11 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,192,380 (A)
Estimated Net Taxable Valuation (as of 10/01/2009 ) 431,468,608 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)X100 1.2034 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,720,489 (D)
Estimated Net Taxable Valuation (as of 10/01/2009 ) 431,468,608 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)X100 1.3258 (F)
B. Estimated 10-11 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,192,380 (G)
Estimated Equalized Valuation (as of 10/01/2009 ) 559,072,692 (H)
Estimated 10-11 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.9287 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,720,489 (J)
Estimated Equalized Valuation (as of 10/01/2009 ) 559,072,692 (K)
Estimated 10-11 Equalized Total School
Tax Rate=(J)/(K)X100 1.0232 (L)
MONMOUTH - NEPTUNE CITY
17. Salaries and Benefits of Certain District Employees
Name Thomas Campbell
Job Title Superintendent
Base Annual Salary 135,500
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2008
Ending Date of Contract 06/30/2011
Annual Work Days 252
Annual Vacation Days 20
Annual Sick Days 12
Annual Personal Days 4
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 2,050
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 954
Dental Insurance 92
Life Insurance 0
Other Insurances 962
Retirement Plans 0
Post-Employment Benefits 17,480
Description of:
Buyback of Sick Days 30% per diem rate not to exceed 15,000
Buyback of Vac. Days max 40 days at per diem rate
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 - NEPTUNE CITY
17. Salaries and Benefits of Certain District Employees
Name William Folk
Job Title Business Administrator
Board Secretary
Base Annual Salary 117,955
FTE 1.0
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 252
Annual Vacation Days 20
Annual Sick Days 12
Annual Personal Days 4
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 1,240
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 368
Dental Insurance 92
Life Insurance 0
Other Insurances 151
Retirement Plans 0
Post-Employment Benefits 0
Description of:
Buyback of Sick Days 50% per diem up to 15,000
Buyback of Vac. Days per diem up to 40 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