Shore Regional High School District 2017-2018 Budget Presented by: Corey J. Lowell, SFO Business Administrator/Board Secretary

What is a budget? Planned expenses and expected revenues An organizational plan stated in monetary terms The financial expression of the District’s educational needs and priorities A “living document”

Budget Variables and Concerns Special education costs Ch. 78 “funding cliff” Facility concerns Security and technology needs Unfunded mandates

Academic Highlights Summer Courses/Institutes (AP/IB/SAT Preparation) Curricula Writing (ELA/Math/Science/SS/VPA/WL) New Programs (CIEE/Dual Enrollment/ROTC) New Textbooks (ELA/Math/SS/VPA/WL)

Cost Saving Measures Shared services – Superintendent, Business Administrator and payroll services, Director of Curriculum and Instruction, Director of Special Services, Transportation Supervisor, Director of Security, shared (consortium) purchases of professional development Continued participation in ACES for bulk pricing of energy Property and casualty insurance through a pooled insurance fund (MOCSSIF/NJSIG) Program Review

Our Funding Sources

Tax Levy Trend Fiscal Year General Fund Tax Levy Percentage Change 2017-2018 $14,820,720 1.0% 2016-2017 14,673,980 0.0% * 2015-2016 13,852,556 0.0% 2014-2015 13,852,555 2013-2014 -5.9% * The tax levy was offset for 2013-2014, 2014-2015, 2015-2016 by the amount of the Community Disaster Loan from FEMA. The increase in 2016-2017 represents the absence of the loan.

66.44% DIRECTLY IMPACTS STUDENTS Where the Money Goes… 8.75 % Co-curricular & Athletics 9.21% Tuition 9.00% Transportation 13.42% Employee Benefits 30.50% Classroom Instruction 8.98% Support Services 9.62% Operations/Maintenance 7.83% Administration 2.69% Capital 66.44% DIRECTLY IMPACTS STUDENTS

Property Tax Comparison State Monmouth County Oceanport West Long Branch Monmouth Beach Sea Bright Average Total Property Taxes $8549 $8804 $9590 $9131 $8185 $6688 Average Total School Taxes $4477 $5228 $5579 $5068 $4191 $2223 Based on Average Residential Assessed Value Source: NJ Department of Community Affairs, 2016