West Long Branch Board of Education Mr. Brian Kramer, President Ms. Beth Sarfaty, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Tracey Cistaro Mrs. Erin Hegglin Mrs. Patricia Bambach-McLaughlin Mrs. Susan Trocchia

TENTATIVE BUDGET 2016-2017 School Year

Changes Technology Upgrades Security Upgrades Professional Development Textbook Replacements

Revenue 2015-2016 2016-2017 Excess Surplus $640,832 $575,199 Taxes $9,282,312 $9,366,733 State Aid $285,680 $303,148 Tuition & Misc. $340,000 Interest & Misc. $15,000 Federal Grants $557,965 $575,433 Debt Service $456,000 $441,000 Total Revenue $11,669,416 $11,596,920

2016-2017 Tentative Budget Current Budget Proposed Budget Change Current Expenses $10,471,518 $10,508,99 $37,481 Capital Outlay $166,678 $52,527 ($114,151) Special Programs $557,965 $575,433 $17,468 Debt Service $456,000 $441,113 ($14,887) Total $11,669,416 $11,596,920 ($72,496)

General Fund Changes Salaries +$309,374 Other than Salaries -$270,300 Capital Outlay -$114,151 Total General Fund Changes -$75,077

Tax Impact 2015-2016= $9,738,312 2016-2017= $9,807,734 Calendar Levy (Jan-Jun) $4,869,156 Calendar Levy (Jul-Dec) $4,903,867 Calendar Levy- $9,773,023 Divide by Ratables- $1.196 billion (decr.= $8 million) School Tax Rate 2016= $0.814 per $100 AV School Tax Rate 2017= $0.820 per $100 AV Tax Rate Increase= $0.006

Tax Impact on Average Assessment 2015-2016 Average Home Assessment = $417,704* 0.814 x $417,704/100 = $3,401 2016-2017 Average Home Assessment = $421,106* 0.820 x $421,106/100 = $3,453 Net Increase= $52 per year * SOURCE: Monmouth County Tax Administrator

Remaining Work Plan Approve Final Budget at Regular Public Meeting on April 26, 2016 The User Friendly Budget will be posted to the District Website upon County approval