1. Somerdale Board of Education School Budget 2014-2015 Dr. Dennis M. Vespe, Superintendent Ms. Melissa Engelhardt, Business Administrator Mr. James Walsh, Somerdale BOE President Mr. Russel Dunnings, Finance Chairperson

2. Budget Notables: TAX LEVY CAP = $4,289,163 TAX LEVY CAP = $4,289,163 EXTRA ORDINARY EXPENSES Technology Initiative & Media Center Phase II – $197,616 New Reading Language Art Series - $94,294 Outside special education placement and related services – $187,991 Facility Upgrades (LED & HVAC panels) – $48,400 (LED cost $18,500 for 5 yrs.) POSITIVES Received $112,767 of additional state aids Only utilized $4,082,973 of our tax levy cap leaving $370,380 in banked cap. Continued maintenance and custodial shared services with the municipality to maintain fiscal responsibility. SUMMARY On the average assessed home of $136,000 there will be a $100 tax increase for the year Adding a full time PE teacher and two full time child study team members All sports programs and clubs have been maintained Facility and Technology upgrades No program cuts No program cuts

3. Curricular Programs and Instruction 2014 - 15 ENROLLMENT PROJECTIONS { Does not include Retentions, Withdrawals, Home Bound, Home Schooled, or Out-of-District Students} Total Enrollments include Special Ed and Choice Students Student count based on 10/15/13 ASSA enrollment. Grade# ClassesEnrollment PS(2)^29* PSD(1)^2* K(3)^52* Gr. 1(3)56 Gr. 2(3)62 Gr. 3(3)46 Gr. 4(3)51 Gr. 5(3)45 Gr. 6(3)55 Gr. 7(3)66 Gr. 8(3)60 Total(30)^524* *Pre-School and Kindergarten Registrations Currently Underway. ^Sections dependent upon enrollment

4. Move from Story town to Pearson Reading Streets ELA series grades K-5 Move from Story town to Pearson Reading Streets ELA series grades K-5 Start the GRAD POINT differentiations instruction initiative with tablets Start the GRAD POINT differentiations instruction initiative with tablets Maintain all curricular “specials” with expansion to some “specials” (TBD) Maintain all curricular “specials” with expansion to some “specials” (TBD) Grades 3-8 will have one to one student – tablet ratio Grades 3-8 will have one to one student – tablet ratio Upgrade of Technology both classroom instruction and infrastructure for the entire campus Upgrade of Technology both classroom instruction and infrastructure for the entire campus - Continue student tablet initiative - Continue student tablet initiative - Utilizing campus with the private sector - Enhanced Website > Interactive forms > Interactive forms > Pod Casting >Instructional links >Instructional links > Video Lessons > Video Lessons > On-line curriculum - Phase II of district’s TV studio/video technology initiative Curricular Programs and Instruction Continued

5. – Expand CST Services. – Continue to expand our Wilson Reading Certified Staff – Continuation of PSD Extended Year Program & the Fundations / Wilson Summer School Reading Program.

6. Extra Curricular Activities – All Sports programs have been maintained Year 2 for the Camden County Elementary League 2013-2014 Year 2 for the Camden County Elementary League 2013-2014 – All Current clubs maintained - Entire campus received a wireless upgrade -Entire campus is air conditioned -Continue to replacement/upgrade the security cameras both inside and outside the building. -Begin the process for upgrading the drainage system -Continue to work with the Municipality to use shared services Maintenance and IT shared service Maintenance and IT shared service Solar project Solar project LED Project LED Project Facility

7. Somerdale School District 2014-2015 Budget FactsFiguresRevenuesExpenditures

8. Where does the money come from ? GO Cavs

9. 2014-2015 Budget Revenue $7,961,824

10. Where does all the money go?

11. 2014-2015 Budget Expenditures $7,961,824

12. Expenditure Breakdown Instruction $3,205,13240.3% School Sponsored Athletics/Extra Curriculum $ 66,3790.8% Tuition Out $ 128,0381.6% Support Services Student Related $ 740,7699.3% General Administration $ 316,3114.0% School Administration $ 61,8610.8% Central Services $ 154,5661.9% Technology $ 129,6771.6% Operations & Maintenance $ 611,2797.7% Student Transportation $ 111,7621.4% Employee Benefits $1,658,33720.8% Capital Outlay $ 128,9111.6% Special Revenue $ 341,4954.3% Debt Service $ 307,3073.9% Totals $7,961,824100.0%

13. TAX SPREADSHEET BASED ON HOMES VALUED IN SOMERDALE 20142013 Home ValueTotal Home ValueTotal Annual Increase Monthly Increase Weekly Increase 76,1031,002.00 98,8361,052.84 (50.84) (4.24) (0.98) 86,1031,133.66 108,8361,159.36 (25.70) (2.14) (0.49) 96,1031,265.32 118,8361,265.88 (0.56) (0.05) (0.01) 106,1031,396.99 128,8361,372.41 24.58 2.05 0.47 116,1031,528.65 138,8361,478.93 49.72 4.14 0.96 126,1031,660.31 148,8361,585.45 74.86 6.24 1.44 136,1031,791.97 158,8361,691.97 100.00 8.33 1.92 Average Residential Assessment 146,1031,923.64 168,8361,798.50 125.14 10.43 2.41 156,1032,055.30 178,8361,905.02 150.28 12.52 2.89 166,1032,186.96 188,8362,011.54 175.42 14.62 3.37 176,1032,318.62 198,8362,118.07 200.56 16.71 3.86 186,1032,450.29 208,8362,224.59 225.70 18.81 4.34 196,1032,581.95 218,8362,331.11 250.84 20.90 4.82 206,1032,713.61 228,8362,437.64 275.98 23.00 5.31 216,1032,845.28 238,8362,544.16 301.12 25.09 5.79 226,1032,976.94 248,8362,650.68 326.26 27.19 6.27

14. GO CAVS! THANK YOU - AND AS ALWAYS