UNION BEACH BOARD OF EDUCATION

2008-2009

PROPOSED BUDGET

MAJOR ACCOMPLISHMENTS FOR THE 2007-2008 SCHOOL YEAR

• 1. One new bus will be purchased for the transportation of our High School Students

• 2. Working to install either or both wind or solar power generation to lower our energy costs.

• 3. Installed air conditioning in the cafeteria-all purpose room.

• 4. New Bleachers installed in the gym.• 5. Installed Honeywell’s Instant Alert System for

emergency & parent notification of events going on in the school community.

• 6. Added second computer lab.

WHAT IS PLANNED FOR THE 2008-2009 BUDGET

• 1. The gym floor needs to be replaced.

• 2. Work needs to be done to the exterior of the school buildings.

• 3. The parking lot at Florence Ave needs to be repaired.

BUDGET RECAP

• REGULAR PROGRAMS $15,395,824

• SPECIAL PROGRAMS $ 563,434

• TOTAL BUDGET $15,959,258

• THE TOTAL INCREASE IN REGULAR PROGRAMS EQUALS $382,082 WHICH IS A 2.5% INCREASE

MAJOR CHANGES IN THE BUDGET

• TUITION: $718,939.00• 1.Increase in the tuition rates we are charged by

schools. 2. Special Education costs.

• SALARIES: $419,693 projected costs of salary increases

• BENEFITS: $205,776

• PLANT OPERATIONS: $85,000, mainly due to the cost of energy.

• • CAPITAL IMPROVEMENTS: ($60,000) fewer projects

being planned.

2007-2008 REVENUES

• STATE AID $8,294,514 53.4%• TAXES $6,290,672 40.5%• SURPLUS $ 790,638 5.1%• TUIT. RES. $ 150,000 0.9%• MISC/INT $ 20,000 0.1%• AT A 4% CAP THE TAXES COULD HAVE GROWN BY $249,847.

THIS BUDGET ONLY INCREASE TAXES BY $44,496 OR 0.04%

2008-2009 EXPENSES

• TUITION $5,514,729 36.0%• SALARIES $6,061,463 39.0%• BENEFITS $1,935,832 13.0%• TRANSPORT $ 507,000 3.0%• PLANT OPS $ 628,500 4.0%• TEACH SUP $ 244,000 2.0%• OTH PROF SER $ 197,000 1.0%• TRAINING $ 30,500 .2%• GEN SUPPLIES $ 31,000 .2%• EXTRA CURR $ 64,500 .4%• ADMIN EXP $ 81,800 .5%• CAPITAL PROJ $ 100,000 .7%

TUITION

• KEYPORT $2.6 MILLION

• RED BANK $1.4 MILLION

• SPECIAL ED $1.3 MILLION

• VO-TECH $ 170 THOUSAND

SALARIES

• THIS IS THE TOTAL OF ALL SALARIES IN THE DISTRICT. ALSO INCLUDES SUCH ITEMS AS OVERTIME, AND SUBSTITUTE TEACHERS

BENEFITS

• HEALTH 1.6 MILLION• PERS S/S 149

THOUSAND• WORKERS COMP 75 THOUSAND• VAC/SICK DAYS 30 THOUSAND• TUITION REM 10 THOUSAND• PENSION LIAB. 95

THOUSAND• UNEMPLOYMENT 5 THOUSAND

TRANSPORTATION

• REG ED 153 THOUSAND

• SPECIAL ED 300 THOUSAND

• MAINTENANCE 33 THOUSAND

• AID-IN-LIEU 15 THOUSAND

• INSURANCE 6 THOUSAND

PLANT OPERATION & MAINTENANCE

• UTILITIES 330 THOUSAND

• (GAS, ELECTRIC, WATER, SEWER)

• INSURANCE 75 THOUSAND

• SUPPLIES 50 THOUSAND

• MAINTENANCE 150 THOUSAND

• MISC EXP 2 THOUSAND

TEACHING SUPPLIES

• CLASS ROOM 50 THOUSAND

• EQUIPMENT 45 THOUSAND

• TEXT BOOKS 40 THOUSAND

• COPY PAPER 25 THOUSAND

• CONSUMABLES 60 THOUSAND

• REPAIRS 5 THOUSAND

• LIBRARY 19 THOUSAND

OTHER PROFESSIONAL SERVICES

• LEGAL 25 THOUSAND

• AUDITOR 23 THOUSAND

• OT/PT 90 THOUSAND

PURCHASED SER 66 THOUSAND

(DOCTORS, EVALS, SPECIAL ED

COMPUTER LIC & MAINT.)

TRAINING

$31 THOUSAND

• INSERVICING AND SEMINARS ATTENDED BY ALL THE MEMBERS OF THE UNION BEACH SCHOOL DISTRICT

GENERAL SUPPLIES

• OFFICE SUPPLIES 23 THOUSAND

• NURSING 5 THOUSAND

EXTRA CURRICULAR

• COACHES 39 THOUSAND

• OFFICIALS/FEES 15 THOUSAND

• EQUIPMENT 9 THOUSAND

ADMIN EXPENSES

• TELEPHONE/COMM 25 THOUSAND• POSTAGE 8 THOUSAND• ELECTION 7 THOUSAND• BOARD MEM EXP 23 THOUSAND• INSURANCE 8 THOUSAND• GEN OFF SUP 10 THOUSAND• ADVERTISING EXP 8 THOUSAND• MISC 2 THOUSAND

TAX INCREASE• FROM 07-08 TO THE 08-09 SCHOOL YEAR THE INCREASE

WILL BE $44,496 WHICH EQUALS TO A 1 CENT INCREASE.• CURRENTLY A TAX POINT IS EQUAL TO $44,500.• A HOUSE ASSESSED AT:• $200,000 WILL HAVE A $20 INCREASE FOR THE YEAR OR $1.66

PER MONTH• $250,000 WILL HAVE A $25 INCREASE FOR THE YEAR OR $2.08

PER MONTH• $300,000 WILL HAVE A $30 INCREASE FOR THE YEAR OR $2.50

PER MONTH

• We will be placing $300,000 into Capital Reserve, for future projects such as the replacement of the roofs which we will need to do in the next 3-5 years.