1. MATAWAN-ABERDEEN PROPOSED SCHOOL BUDGET 2010-2011 Dr. Richard O’Malley Superintendent Mrs. Susan Irons Business Administrator REGIONAL SCHOOL DISTRICT

2. EDUCATIONAL OBJECTIVES COMMITMENT COMMITMENT TO IMPROVE STUDENT ACHIEVEMENT MAINTAIN MAINTAIN ALL EXISTING INSTRUCTIONAL PROGRAMS ATTRACTRETAIN ATTRACT & RETAIN THE MOST QUALIFIED PERSONNEL MAINTAIN MAINTAIN CLASS SIZES AT OR BELOW STATE AVERAGE PROVIDE PROVIDE A SAFE AND SECURE LEARNING ENVIRONMENT COMMITMENT COMMITMENT TO EFFICIENCY IN SCHOOL OPERATIONS CONTINUE CONTINUE TO INFUSE TECHNOLOGY INTO THE INSTRUCTIONAL PROGRAMS COMMITMENT COMMITMENT TO FINANCIAL INTEGRITY

3. EDUCATIONAL OBJECTIVESFINANCIAL HIGHLIGHTS Tax levy at 2% or $876,037 Operating budget DECREASED by 2.2% or $1,249,678 Budget introduced is $1,818,351 less than 2009-2010 budget State Aid Revenues DECREASED by $1,710,066 or 13% Increases to fixed cost are included for: Salaries, Insurance & Tuition Comparative costs per pupil are lowest in four years Administrative costs are lowest in three years and well below state and regional legal limits

4. ENROLLMENT

5. ADMINISTRATIVE COSTS SCHOOL YEAR TOTAL ADMINISTRATIVE COSTS REGIONAL LIMITS 2007-2008$1,410 2008-2009$1,476$1, 663 2009-2010$1,505$1,719 2010-2011$1,451$1,747

6. HOW SCHOOL TAX IS DETERMINED Total Budget$61,000,934 (Less Special Revenue & Debt Service)$ 3,828,976 Total General Fund Budget$57,171,958 Less Anticipated Revenues: -State Aid (13% reduction)$11, 636,339 -Miscellaneous$ 289,000 -Budgeted Fund Balance$ ? PROPOSED GENERAL FUND TAX LEVY$44,677,896 The proposed 2010-2011 tax levy is a 2% increase over last year’s levy.

7. TAX LEVY CAP 2009-2010 Current Tax Levy $43,801,859 PRPOSED 2010-2011 2% General Fund tax levy cap $44,677,896 Increase of $876,037 2010-2011 Permitted tax levy (4%)$45,797,537 This is a 2% increase in the tax levy from the 2009-2010 school budget.

8. PER PUPIL COSTS SCHOOL YEARCOST PER PUPIL 2007-2008$12,849 2008-2009$13,124 2009-2010$13,239 2010-2011$12,823

9. WHAT WAS REDUCED TOTAL REDUCTIONS $5,264,684 $2,751,480 Salaries (Loss of 37 jobs) 32 layoffs 5 retirements not replaced $32,708 Salaries (Loss of 1 Lunch Aide per school) $500,000 Privatize custodial staff (Loss of 36 jobs/Savings of $700,000 in second year) TOTAL loss of jobs in District 78 Employees $773,681 Health benefits waiver (2 months) $200,000 ARRA funds $111,860 Technology $200,000 Emergency Reserve $100,000 Retirement breakage $32,270 Stipends for clubs and athletics $55,000 Bus $30,000 Tuition $50,000 Work Study Program $40,000 Curriculum Writing $25,000 Overtime $123,200 Supplies/Misc expenditures $61,185 Workshops $62,500 CST services/supplies $25,000 NWEA (NCLB) $50,800 Summer School $40,000 Elimination of RTI

10. WHAT IS INCLUDED SPECIAL EDUCATION PROGRAMS FULL DAY KINDERGARTEN ACADEMIES HS/MS PRODUCTIONS TUTORIALS TECHNOLOGY (Prom. Boards, replacement computers) ABERDEEN POLICE RESOURCE OFFICER TEXTBOOKS TRANSPORTATION/LATE BUSSES ATHLETIC/CLUBS/INTRAMURAL PROGRAMS

11. TAX LEVY HISTORY 2.3% YEARTAX LEVY% TAX INCREASE DEBT SERVICE TAX LEVY % DEBT SERVICE TAX LEVY 2000-2001206,3170.7%123,03222.7% 2001-20021,367,1934.6%(97,987)(14.7%) 2002-20032,146,2436.9%8,1581.4% 2003-20042,854,0388.6%1,765,461307% TOTAL6,573,79122%1,798,664332% 2004-20052,481,8077%89,2664% 2005-20061,583,6474%(203,868)(8%) 2006-20072,298,7796%201,6089% 2007-20081,055,5482.5%323.01% TOTAL7,419,78121%87,3293.7% 2000-2008 Cumulative Total 13,993,57248%1,885,993348% 2008-2009376,629.9%51,3372% 2009-2010(24,740)(.06%)(6,980)(.3%) 2010-2011 (anticipated)876,0372%(135,713)(5.6%) TOTAL1,227,9262.8%(91,356)(3.85)

12. TAX IMPACT ABERDEEN TOWNSHIP Projected Tax Increase House assessed at $282,355 would pay $19.77 more per year or $1.48 a month or $0.05 a day MATAWAN BOROUGH Projected Tax Increase House assessed at $347,473 would pay $52.38 more per year or $4.37 a month or $0.15 a day

13. 2010-2011 BUDGET TIMELINE February 22, 2010 Board of Education begin to finalize 2010-2011 budget March 1, 2010Meet with MC Executive County Superintendent to review preliminary budget March 1, 2010Nominating petitions filed for school board seats March 8, 2010COW (Action) Submit preliminary budget to County March 10, 2010Drawing of names for school board candidates March 16, 2010Governor Christie’s Budget Message March 18, 2010State Aid numbers are released March 22, 2010Public Hearing on 2010-2011 school budget (Action) April 20, 2010School board/budget election (1:00 p.m.-9:00 p.m.)

14. Matawan-Aberdeen Public Education : ►Good for Matawan-Aberdeen’s children ►Good for Matawan-Aberdeen’s property owners ►Good for Matawan-Aberdeen! Remember to vote on April 20 th !