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UNION BEACH BOARD OF EDUCATION

UNION BEACH BOARD OF EDUCATION. 2008-2009 PROPOSED BUDGET. MAJOR ACCOMPLISHMENTS FOR THE 2007-2008 SCHOOL YEAR. 1. One new bus will be purchased for the transportation of our High School Students 2. Working to install either or both wind or solar power generation to lower our energy costs.

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UNION BEACH BOARD OF EDUCATION

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  1. UNION BEACH BOARD OF EDUCATION 2008-2009 PROPOSED BUDGET

  2. MAJOR ACCOMPLISHMENTS FOR THE 2007-2008 SCHOOL YEAR • 1. One new bus will be purchased for the transportation of our High School Students • 2. Working to install either or both wind or solar power generation to lower our energy costs. • 3. Installed air conditioning in the cafeteria-all purpose room. • 4. New Bleachers installed in the gym. • 5. Installed Honeywell’s Instant Alert System for emergency & parent notification of events going on in the school community. • 6. Added second computer lab.

  3. WHAT IS PLANNED FOR THE 2008-2009 BUDGET • 1. The gym floor needs to be replaced. • 2. Work needs to be done to the exterior of the school buildings. • 3. The parking lot at Florence Ave needs to be repaired.

  4. BUDGET RECAP • REGULAR PROGRAMS $15,395,824 • SPECIAL PROGRAMS $ 563,434 • TOTAL BUDGET $15,959,258 • THE TOTAL INCREASE IN REGULAR PROGRAMS EQUALS $382,082 WHICH IS A 2.5% INCREASE

  5. MAJOR CHANGES IN THE BUDGET TUITION: $718,939.00 1.Increase in the tuition rates we are charged by schools. 2. Special Education costs. SALARIES: $419,693 projected costs of salary increases BENEFITS: $205,776 PLANT OPERATIONS: $85,000, mainly due to the cost of energy. CAPITAL IMPROVEMENTS: ($60,000) fewer projects being planned.

  6. 2007-2008 REVENUES • STATE AID $8,294,514 53.4% • TAXES $6,290,672 40.5% • SURPLUS $ 790,638 5.1% • TUIT. RES. $ 150,000 0.9% • MISC/INT $ 20,000 0.1% • AT A 4% CAP THE TAXES COULD HAVE GROWN BY $249,847. THIS BUDGET ONLY INCREASE TAXES BY $44,496 OR 0.04%

  7. 2008-2009 EXPENSES • TUITION $5,514,729 36.0% • SALARIES $6,061,463 39.0% • BENEFITS $1,935,832 13.0% • TRANSPORT $ 507,000 3.0% • PLANT OPS $ 628,500 4.0% • TEACH SUP $ 244,000 2.0% • OTH PROF SER $ 197,000 1.0% • TRAINING $ 30,500 .2% • GEN SUPPLIES $ 31,000 .2% • EXTRA CURR $ 64,500 .4% • ADMIN EXP $ 81,800 .5% • CAPITAL PROJ $ 100,000 .7%

  8. TUITION • KEYPORT $2.6 MILLION • RED BANK $1.4 MILLION • SPECIAL ED $1.3 MILLION • VO-TECH $ 170 THOUSAND

  9. SALARIES • THIS IS THE TOTAL OF ALL SALARIES IN THE DISTRICT. ALSO INCLUDES SUCH ITEMS AS OVERTIME, AND SUBSTITUTE TEACHERS

  10. BENEFITS • HEALTH 1.6 MILLION • PERS S/S 149 THOUSAND • WORKERS COMP 75 THOUSAND • VAC/SICK DAYS 30 THOUSAND • TUITION REM 10 THOUSAND • PENSION LIAB. 95 THOUSAND • UNEMPLOYMENT 5 THOUSAND

  11. TRANSPORTATION • REG ED 153 THOUSAND • SPECIAL ED 300 THOUSAND • MAINTENANCE 33 THOUSAND • AID-IN-LIEU 15 THOUSAND • INSURANCE 6 THOUSAND

  12. PLANT OPERATION & MAINTENANCE • UTILITIES 330 THOUSAND • (GAS, ELECTRIC, WATER, SEWER) • INSURANCE 75 THOUSAND • SUPPLIES 50 THOUSAND • MAINTENANCE 150 THOUSAND • MISC EXP 2 THOUSAND

  13. TEACHING SUPPLIES • CLASS ROOM 50 THOUSAND • EQUIPMENT 45 THOUSAND • TEXT BOOKS 40 THOUSAND • COPY PAPER 25 THOUSAND • CONSUMABLES 60 THOUSAND • REPAIRS 5 THOUSAND • LIBRARY 19 THOUSAND

  14. OTHER PROFESSIONAL SERVICES • LEGAL 25 THOUSAND • AUDITOR 23 THOUSAND • OT/PT 90 THOUSAND PURCHASED SER 66 THOUSAND (DOCTORS, EVALS, SPECIAL ED COMPUTER LIC & MAINT.)

  15. TRAINING $31 THOUSAND • INSERVICING AND SEMINARS ATTENDED BY ALL THE MEMBERS OF THE UNION BEACH SCHOOL DISTRICT

  16. GENERAL SUPPLIES • OFFICE SUPPLIES 23 THOUSAND • NURSING 5 THOUSAND

  17. EXTRA CURRICULAR • COACHES 39 THOUSAND • OFFICIALS/FEES 15 THOUSAND • EQUIPMENT 9 THOUSAND

  18. ADMIN EXPENSES • TELEPHONE/COMM 25 THOUSAND • POSTAGE 8 THOUSAND • ELECTION 7 THOUSAND • BOARD MEM EXP 23 THOUSAND • INSURANCE 8 THOUSAND • GEN OFF SUP 10 THOUSAND • ADVERTISING EXP 8 THOUSAND • MISC 2 THOUSAND

  19. TAX INCREASE • FROM 07-08 TO THE 08-09 SCHOOL YEAR THE INCREASE WILL BE $44,496 WHICH EQUALS TO A 1 CENT INCREASE. • CURRENTLY A TAX POINT IS EQUAL TO $44,500. • A HOUSE ASSESSED AT: • $200,000 WILL HAVE A $20 INCREASE FOR THE YEAR OR $1.66 PER MONTH • $250,000 WILL HAVE A $25 INCREASE FOR THE YEAR OR $2.08 PER MONTH • $300,000 WILL HAVE A $30 INCREASE FOR THE YEAR OR $2.50 PER MONTH • We will be placing $300,000 into Capital Reserve, for future projects such as the replacement of the roofs which we will need to do in the next 3-5 years.

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