1. 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

2. TENTATIVE BUDGET
School Year

3. Changes Technology Upgrades Security Upgrades Professional Development
Textbook Replacements

4. 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

5. 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)

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

7. Tax Impact
= $9,738, = $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

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

9. 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