=0C
04/12/2011 MONMOUTH - FAIR =
HAVEN BORO
Advertised =
Enrollments
ENROLLMENT CATEGORY October 15, 2009 =
October 15, 2010 October 15, 2011
Actual =
Actual Estimated
=20
Pupils on Roll Regular Full-Time 891 =
895 912
Pupils on Roll - Special Full-Time 118 =
125 126
Subtotal - Pupils On Roll 1009 =
1020 1038
Private School Placements 1 =
1 1
Pupils Received 1 =
2 1
=0C
MONMOUTH - FAIR =
HAVEN BORO
Advertised =
Revenues
Budget Category Account =
2009-10 2010-11 2011-12
=
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 =
198,708 201,614
Revenues from Local Sources: =
=20
Local Tax Levy 10-1210 =
11,038,388 11,553,119 11,784,182
Tuition 10-1300 =
28,746 57,000 35,000
Interest Earned on Capital Reserve Funds 10-1XXX =
15 15
Unrestricted Miscellaneous Revenues 10-1XXX =
27,606 5,000 10,000
SUBTOTAL =
11,094,740 11,615,134 11,829,197
Revenues from State Sources: =
=20
Extraordinary Aid 10-3131 =
29,845 29,845
Other State Aids 10-3XXX =
6,483
Categorical Special Education Aid 10-3132 =
337,495 64,314 184,807
Categorical Security Aid 10-3177 =
44,220
Adjustment Aid 10-3178 =
24,983
Categorical Transportation Aid 10-3121 =
26,238
SUBTOTAL =
469,264 94,159 184,807
Revenues from Federal Sources: =
=20
Education Jobs Fund 18-4522 =
22,074
SUBTOTAL =
22,074
Adjustment for Prior Year Encumbrances =
30,336
Actual Revenues (Over)/Under Expenditures =
26,595
TOTAL OPERATING BUDGET =
11,590,599 11,938,337 12,237,692
GRANTS AND ENTITLEMENTS
Revenues from Federal Sources: =
=20
I.D.E.A. Part B (Handicapped) 20-4420-4429 =
190,625 193,118 144,838
Other 20-4XXX =
112,786 21,028 15,770
TOTAL REVENUES FROM FEDERAL SOURCES =
303,411 214,146 160,608
TOTAL GRANTS AND ENTITLEMENTS =
303,411 214,146 160,608
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 =
11,645
Revenues from Local Sources: =
=20
Local Tax Levy 40-1210 =
1,064,129 1,015,731 988,565
Miscellaneous 40-1XXX =
11,644
TOTAL REVENUES FROM LOCAL SOURCES =
1,075,773 1,015,731 988,565
Revenues from State Sources: =
=20
Debt Service Aid Type II 40-3160 =
2,409 2,023 2,048
TOTAL LOCAL REPAYMENT OF DEBT =
1,078,182 1,017,754 1,002,258
Actual Revenues (Over)/Under Expenditures =
-11,644
TOTAL REPAYMENT OF DEBT =
1,066,538 1,017,754 1,002,258
TOTAL REVENUES/SOURCES =
12,960,548 13,170,237 13,400,558
MONMOUTH - FAIR =
HAVEN BORO
Advertised =
Appropriations
Budget Category Account =
2009-10 2010-11 2011-12=20
=
Expenditures Rev. Approp. Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs =
11-1XX-100-XXX 4,097,828 4,067,363 4,045,332
Special Education =
11-2XX-100-XXX 1,124,779 1,129,302 1,171,104
Basic Skills/Remedial =
11-230-100-XXX 103,626
Bilingual Education =
11-240-100-XXX 512 1,500 1,500
School-Spon. Co/Extra-Curr. Activities =
11-401-100-XXX 35,368 34,375 34,300
School Sponsored Athletics =
11-402-100-XXX 27,608 33,670 21,720
Support Services:
Tuition =
11-000-100-XXX 88,198 835 49,896
Health Services =
11-000-213-XXX 151,204 160,910 157,500
Speech, OT, PT, Related & Extraordinary Services =
11-000-216,217 412,851 448,140 447,511
Guidance =
11-000-218-XXX 87,168 83,770 81,398
Child Study Teams =
11-000-219-XXX 221,087 246,904 344,709
Improvement of Instructional Services =
11-000-221-XXX 182,439 188,525 188,975
Educational Media Services - School Library =
11-000-222-XXX 248,068 265,143 261,840
Instructional Staff Training Services =
11-000-223-XXX 35,445 41,750 39,500
General Administration =
11-000-230-XXX 356,562 377,732 377,625
School Administration =
11-000-240-XXX 382,438 392,616 388,050
Central Svcs & Admin Info Technology =
11-000-25X-XXX 248,899 296,767 297,158
Operation and Maintenance of Plant Services =
11-000-26X-XXX 1,356,341 1,521,281 1,575,772
Student Transportation Services =
11-000-270-XXX 187,110 99,840 106,000
Personal Services - Employee Benefits =
11-XXX-XXX-2XX 2,204,873 2,533,349 2,635,576
Total Support Services Expenditures =
6,162,683 6,657,562 6,951,510
TOTAL GENERAL CURRENT EXPENSE =
11,552,404 11,923,772 12,225,466
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-604 =
15 15
Equipment =
12-XXX-XXX-73X 38,195 14,550
Facilities Acquisition and Construction Services =
12-000-4XX-XXX 12,211
TOTAL CAPITAL EXPENDITURES =
38,195 14,565 12,226
OPERATING BUDGET GRAND TOTAL =
11,590,599 11,938,337 12,237,692
SPECIAL GRANTS AND ENTITLEMENTS
I.D.E.A. Part B (Handicapped) =
20-XXX-XXX-XXX 190,625 193,118 144,838
Federal Projects:
Other Special Projects =
20-XXX-XXX-XXX 112,786 21,028 15,770
Total Federal Projects =
303,411 214,146 160,608
TOTAL GRANTS AND ENTITLEMENTS =
303,411 214,146 160,608
REPAYMENT OF DEBT
Repayment of Debt - Regular =
40-701-510-XXX 1,066,538 1,017,754 1,002,258
TOTAL REPAYMENT OF DEBT =
1,066,538 1,017,754 1,002,258
Total Expenditures =
12,960,548 13,170,237 13,400,558
DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
=
11-1XX-100-930
Capital Reserve - Transfer to Repayment of Debt =
12-000-400-933
Transfer Property Sale Proceeds to Debt Svc Res =
11-000-520-934
TOTAL EXPENDITURES NET OF TRANSFERS =
12,960,548 13,170,237 13,400,558
=20
MONMOUTH - FAIR =
HAVEN BORO
Advertised Recapitulation of =
Balance
Audited =
Audited Estimated Estimated
Balance =
Balance Balance Balance
Budget Category 6/30/2009 =
6/30/2010 6/30/2011 6/30/2012
Unassigned:
General Operating Budget 156,746 =
275,328 245,656 245,656
Repayment of Debt 1 =
11,645 11,645 0
Restricted for Specific Purposes:
General Operating Budget:
Capital Reserve 23,752 =
23,767 23,782 23,797
Adult Education Programs 0 =
0 0 0
Maintenance Reserve 220,000 =
271,005 276,005 276,005
Legal Reserve 473,208 =
400,322 201,614 0
Tuition Reserve 0 =
0 0 0
Current Expense Emergency Reserve 0 =
0 30,000 30,000
Restricted for Repayment of Debt 0 =
0 0 0
=0C
MONMOUTH - FAIR =
HAVEN BORO
Advertised Per Pupil Cost =
Calculations
2011 - 2012
2008-09 =
2009-10 2010-11 2010-11 2011-2012
Actual =
Actual Original Revised Proposed
=
Budget Budget Budget
Per Pupil Cost Calculations: (1) =
(2) (3) (4) (5)
Total Comparative Per Pupil Cost 10881 =
11169 11437 11591 11628
Total Classroom Instruction 6991 =
6699 7149 7253 7217
Classroom-Salaries and Benefits 6672 =
6338 6862 6946 6988
Classroom-General Supplies and Textbooks 205 =
247 205 214 177
Classroom-Purchased Services and Other 114 =
114 82 92 52
Total Support Services 1290 =
1672 1502 1516 1592
Support Services-Salaries and Benefits 1167 =
1545 1307 1317 1420
Total Administrative Costs 1125 =
1213 1188 1207 1186
Administration-Salaries and Benefits 929 =
1043 978 988 975
Legal Costs 0 =
62 41 41 40
Total Operations and Maintenance of Plant 1410 =
1506 1527 1543 1575
Operations & Maintenance of Plant-Salary & Ben. 572 =
723 619 626 638
Total Food Services Costs 0 =
0 0 0 0
Total Extracurricular Costs 65 =
79 71 72 59
Total Equipment Costs 0 =
38 0 14 0
Employee Benefits as a % of Salaries 24.8 =
29.0 33.2 33.3 33.7
The information presented in columns 1 through 3 as well as the related =
descriptions of the per pupil cost calculations
are contained in the 2011 Comparative Spending Guide and can be found =
on the Department of Education's Internet address:
http://www.state.nj.us/ education under Finance, when available. This =
publication is available in the board office and public
libraries. The same calculations were performed using the 2010-11 =
revised appropriations and 2011-12 budgeted appropriations
presented in this advertised budget. Total Comparative Per Pupil Cost =
is defined as current expense exclusive of tuition
expenditures, transportation, residential costs, and judgments against =
the school district. For all years, it also
includes the restricted entitlement aids. With the exception of Total =
Equipment Cost, each of the other per pupil cost
calculations presented is a component of the total comparative per =
pupil cost, although all components are not shown.
MONMOUTH - FAIR HAVEN BORO
22a. Estimated Tax Rate Information
______________________________
A. Estimated 11-12 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy =
11,784,182 (A)
Estimated Net Taxable Valuation (as of 10/01/2011 ) =
1,159,391,764 (B)
Estimated 11-12 General Fund School Tax Rate=3D(A)/(B)X100 =
1.0164 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy =
12,772,747 (D)
Estimated Net Taxable Valuation (as of 10/01/2011 ) =
1,159,391,764 (E)
Estimated 11-12 Total School Tax Rate=3D(D)/(E)X100 =
1.1017 (F)
B. Estimated 11-12 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy =
11,784,182 (G)
Estimated Equalized Valuation (as of 10/01/2010 ) =
1,540,191,812 (H)
Estimated 11-12 Equalized General Fund School
Tax Rate=3D(G)/(H)X100 =
0.7651 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy =
12,772,747 (J)
Estimated Equalized Valuation (as of 10/01/2010 ) =
1,540,191,812 (K)
Estimated 11-12 Equalized Total School
Tax Rate=3D(J)/(K)X100 =
0.8293 (L)
MONMOUTH - FAIR HAVEN BORO
17. Salaries and Benefits of Certain District Employees
Name Kathleen Cronin =20
Job Title Superintendent =20
=20
Base Annual Salary 150,075
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 12/17/2008
Ending Date of Contract 06/30/2012
Annual Work Days 260
Annual Vacation Days 20
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days =20
Benefits:
Allowances 0
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 0
Retirement Plans 0
Post-Employment Benefits 15,000
Description of:
Buyback of Sick Days =
=20
Buyback of Vac. Days =
=20
Buyback of Personal Days =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days =
=20
Annual Buyback of Vac. Days =
=20
Annual Buyback of Personal Days =
=20
All Other In-Kind/Remuneration =
=20
=
=20
=
=20
Additional Comments =
=20
=
=20
=
=20
=
=20
=
=20
MONMOUTH - FAIR HAVEN BORO
17. Salaries and Benefits of Certain District Employees
Name Valery Petrone =20
Job Title Business Administrator =20
=20
Base Annual Salary 124,643
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2010
Ending Date of Contract 06/30/2011
Annual Work Days 260
Annual Vacation Days 20
Annual Sick Days 18
Annual Personal Days 5
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days =20
Benefits:
Allowances 0
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 0
Retirement Plans 0
Post-Employment Benefits 15,000
Description of:
Buyback of Sick Days =
=20
Buyback of Vac. Days =
=20
Buyback of Personal Days =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days =
=20
Annual Buyback of Vac. Days =
=20
Annual Buyback of Personal Days =
=20
All Other In-Kind/Remuneration =
=20
=
=20
=
=20
Additional Comments =
=20
=
=20
=
=20
=
=20
=
=20
MONMOUTH - FAIR HAVEN BORO
17. Salaries and Benefits of Certain District Employees
Name Michael Williams =20
Job Title Coordinator/Dir./Mgr./Supvr. =20
=20
Base Annual Salary 83,645
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2010
Ending Date of Contract 06/30/2011
Annual Work Days 260
Annual Vacation Days 20
Annual Sick Days 18
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days =20
Benefits:
Allowances 750
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 0
Retirement Plans 0
Post-Employment Benefits 0
Description of:
Buyback of Sick Days =
=20
Buyback of Vac. Days =
=20
Buyback of Personal Days =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
Other Post-Emp. Benefits =
=20
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days =
=20
Annual Buyback of Vac. Days =
=20
Annual Buyback of Personal Days =
=20
All Other In-Kind/Remuneration =
=20
=
=20
=
=20
Additional Comments =
=20
=
=20
=
=20
=
=20
=
=20