03/09/2011 MONMOUTH - RED BANK REGIONAL
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2009 October 15, 2010 October 15, 2011
Actual Actual Estimated
Pupils on Roll Regular Full-Time 938 964 980
Pupils on Roll Regular Shared-Time 20 15 15
Pupils on Roll - Special Full-Time 148 145 165
Pupils on Roll - Special Shared-Time 11 18
Subtotal - Pupils On Roll 1117 1142 1160
Private School Placements 17 13 14
Pupils Sent to Other Districts-Reg Prog 82
Pupils Sent to Other Dists-Spec Ed Prog 13
Pupils Received 261 268 254
Pupils in State Facilities 4
MONMOUTH - RED BANK REGIONAL
Advertised Revenues
Budget Category Account 2009-10 2010-11 2011-12
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 1,613,487 916,075
Withdrawal from Cap Res-for Local Share 10-307 165,559
Withdraw from Cap Res-Excess Cost & Oth Cap Prj 10-309 69,441
Revenues from Local Sources:
Local Tax Levy 10-1210 17,886,750 18,270,890 18,617,308
Tuition 10-1300 3,194,333 3,201,040 3,282,000
Transportation Fees from Other LEAs 10-1420-1440 266,706 257,375 230,000
Interest Earned on Current Expense Emergency Res 10-1XXX 250 150
Interest Earned on Maintenance Reserve 10-1XXX 500 750 350
Interest Earned on Capital Reserve Funds 10-1XXX 8,238 750 500
Unrestricted Miscellaneous Revenues 10-1XXX 155,163 46,000 46,000
SUBTOTAL 21,511,690 21,777,055 22,176,308
Revenues from State Sources:
Extraordinary Aid 10-3131 53,476
Other State Aids 10-3XXX 7,496
Categorical Special Education Aid 10-3132 328,419 330,983 477,227
Categorical Security Aid 10-3177 64,069 97,358
Adjustment Aid 10-3178 542,972
Categorical Transportation Aid 10-3121 86,175
SUBTOTAL 1,082,607 330,983 574,585
Revenues from Federal Sources:
Education Jobs Fund 18-4522 51,287
SUBTOTAL 51,287
Adjustment for Prior Year Encumbrances 57,097
Actual Revenues (Over)/Under Expenditures 347,083
TOTAL OPERATING BUDGET 22,941,380 23,778,622 23,953,255
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 31,364 25,262
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 642,002 684,126 611,630
TOTAL REVENUES FROM STATE SOURCES 642,002 684,126 611,630
Revenues from Federal Sources:
Title I 20-4411-4416 129,315 123,671 73,323
Title II 20-4451-4455 46,815 32,204
Title III 20-4491-4494 37,034 8,155
Title IV 20-4471-4474 1,873
I.D.E.A. Part B (Handicapped) 20-4420-4429 389,933 352,152 275,499
Vocational Education 20-4430 20,576 17,490
Other 20-4XXX 341,476 690,558 306,088
TOTAL REVENUES FROM FEDERAL SOURCES 860,724 1,272,679 712,759
TOTAL GRANTS AND ENTITLEMENTS 1,534,090 1,982,067 1,324,389
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 1 9,725
Revenues from Local Sources:
Local Tax Levy 40-1210 773,529 781,420 744,400
Miscellaneous 40-1XXX 78,691
TOTAL REVENUES FROM LOCAL SOURCES 852,220 781,420 744,400
TOTAL LOCAL REPAYMENT OF DEBT 852,220 781,421 754,125
Actual Revenues (Over)/Under Expenditures -9,725
TOTAL REPAYMENT OF DEBT 842,495 781,421 754,125
TOTAL REVENUES/SOURCES 25,317,965 26,542,110 26,031,769
MONMOUTH - RED BANK REGIONAL
Advertised Appropriations
Budget Category Account 2009-10 2010-11 2011-12
Expenditures Rev. Approp. Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX 7,000,435 7,379,519 7,189,717
Special Education 11-2XX-100-XXX 1,278,933 1,182,126 1,047,095
Basic Skills/Remedial 11-230-100-XXX 100,845 107,005 105,966
Bilingual Education 11-240-100-XXX 339,037 361,722 339,137
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 193,804 200,000 180,670
School Sponsored Athletics 11-402-100-XXX 637,039 661,840 660,614
Summer School 11-422-XXX-XXX 140,500 90,500
Support Services:
Tuition 11-000-100-XXX 1,115,016 1,170,696 1,219,027
Attendance and Social Work Services 11-000-211-XXX 224,739 230,854 224,391
Health Services 11-000-213-XXX 114,755 126,035 125,486
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 91,255 306,635 310,220
Guidance 11-000-218-XXX 700,617 689,987 676,513
Child Study Teams 11-000-219-XXX 662,049 650,754 672,998
Improvement of Instructional Services 11-000-221-XXX 622,237 613,440 620,443
Educational Media Services - School Library 11-000-222-XXX 201,402 185,817 186,430
Instructional Staff Training Services 11-000-223-XXX 40,652 35,847 41,095
General Administration 11-000-230-XXX 554,823 491,389 472,720
School Administration 11-000-240-XXX 641,532 606,719 595,444
Central Svcs & Admin Info Technology 11-000-25X-XXX 502,754 540,674 531,679
Interest Earned on Maintenance Reserve 10-606 750 350
Operation and Maintenance of Plant Services 11-000-26X-XXX 2,065,734 1,943,966 1,923,246
Student Transportation Services 11-000-270-XXX 1,552,699 1,680,442 1,380,659
Interest Earned on Current Expense Emergency Res 10-607 250 150
Personal Services - Employee Benefits 11-XXX-XXX-2XX 3,553,478 4,300,787 4,460,900
Food Services 11-000-310-XXX 4,348
Total Support Services Expenditures 12,648,090 13,574,042 13,441,251
TOTAL GENERAL CURRENT EXPENSE 22,198,183 23,607,754 23,055,450
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604 235,000
Interest Earned on Capital Reserve 10-604 750 500
Equipment 12-XXX-XXX-73X 112,960 84,054 63,400
Facilities Acquisition and Construction Services 12-000-4XX-XXX 52,254 46,264 326,905
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931 235,000
Capital Reserve-Transfer to Repayment of Debt 12-000-4XX-933 425,600
TOTAL CAPITAL EXPENDITURES 590,814 131,068 860,805
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX 114,056
Support Services 13-422-200-XXX 3,800 1,000
Total Summer School 114,056 3,800 1,000
Adult Education - Local:
Instruction 13-602-100-XXX 26,092 26,000 26,000
Support Services 13-602-200-XXX 12,235 10,000 10,000
Total Adult Education - Local 38,327 36,000 36,000
TOTAL SPECIAL SCHOOLS 152,383 39,800 37,000
OPERATING BUDGET GRAND TOTAL 22,941,380 23,778,622 23,953,255
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX 31,364 25,262
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX 69,529 59,153 50,280
Nonpublic Auxiliary Services 20-XXX-XXX-XXX 57,434 35,528 30,199
Nonpublic Handicapped Services 20-XXX-XXX-XXX 154,927 210,812 179,190
Nonpublic Nursing Services 20-XXX-XXX-XXX 82,526 70,147 59,625
Nonpublic Technology Initiative 20-XXX-XXX-XXX 30,899 26,264
Other Special Projects 20-XXX-XXX-XXX 277,586 277,587 266,072
Total State Projects 642,002 684,126 611,630
Federal Projects:
Title I 20-XXX-XXX-XXX 129,315 123,671 73,323
Title II 20-XXX-XXX-XXX 46,815 32,204
Title III 20-XXX-XXX-XXX 37,034 8,155
Title IV 20-XXX-XXX-XXX 1,873
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 389,933 352,152 275,499
Vocational Education 20-XXX-XXX-XXX 20,576 17,490
Other Special Projects 20-XXX-XXX-XXX 341,476 690,558 306,088
Total Federal Projects 860,724 1,272,679 712,759
TOTAL GRANTS AND ENTITLEMENTS 1,534,090 1,982,067 1,324,389
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 842,495 781,421 754,125
TOTAL REPAYMENT OF DEBT 842,495 781,421 754,125
Total Expenditures 25,317,965 26,542,110 26,031,769
DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
11-1XX-100-930
Capital Reserve - Transfer to Repayment of Debt 12-000-400-933 425,600
Transfer Property Sale Proceeds to Debt Svc Res 11-000-520-934
TOTAL EXPENDITURES NET OF TRANSFERS 24,892,365 26,542,110 26,031,769
MONMOUTH - RED BANK REGIONAL
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 462,271 1,019,800 869,800 469,800
Repayment of Debt 1 9,726 9,725 0
Restricted for Specific Purposes:
General Operating Budget:
Capital Reserve 250,000 408,238 408,988 409,488
Adult Education Programs 0 0 0 0
Maintenance Reserve 250,000 250,500 251,250 251,600
Legal Reserve 2,659,400 1,629,562 516,075 0
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 124,048 124,048 124,298 124,448
Restricted for Repayment of Debt 0 0 0 0
MONMOUTH - RED BANK REGIONAL
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 16658 17792 18213 18559 17861
Total Classroom Instruction 9203 9927 10610 10504 9970
Classroom-Salaries and Benefits 8508 9256 9878 9750 9358
Classroom-General Supplies and Textbooks 590 560 577 594 482
Classroom-Purchased Services and Other 105 111 155 160 129
Total Support Services 2869 3026 2991 3256 3248
Support Services-Salaries and Benefits 2664 2821 2777 3034 3049
Total Administrative Costs 1514 1861 1712 1822 1768
Administration-Salaries and Benefits 1210 1462 1436 1517 1509
Legal Costs 0 50 18 32 30
Total Operations and Maintenance of Plant 2403 2013 1833 1893 1832
Operations & Maintenance of Plant-Salary & Ben. 683 612 661 688 648
Total Food Services Costs 4 4 0 0 0
Total Extracurricular Costs 836 916 931 944 909
Total Equipment Costs 213 103 59 75 55
Employee Benefits as a % of Salaries 25.4 27.3 31.8 31.9 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 - RED BANK REGIONAL
Unusual Revenues and Appropriations
___________________________________
Line Number Revenue Source or 11-12 Amount Description of circumstances
Approp. Due to
Total Unusual Revenues:
0 Total Unusual Appropriations: 0
MONMOUTH - RED BANK REGIONAL
Shared Services -- Description of Shared Services
_________________________________________________
Emergency Notification System - Interlocal agreement with Shrewsbury
Borough and School, Little Silver Borough and School District.
Food Service - Satellite lunch programs with Little Silver, Fair Haven,
Shrewsbury and Red Bank Charter School. Provide vehicle and driver to
transport lunch to two Red Bank School District preschool programs.
Garbage/Recycling - Cooperative bid with Shore Regional, Little Silver,
and Fair Haven (savings of 75% over two years).
Grants - Host District for Title III Consortium with Shrewsbury and Red
Bank Charter School.
Banking Consortium - BCBANC
Purchasing Cooperatives
Custodial and School Supplies, trades/Services - Ed Data, MRESC Co-op
Technology - WSCA, MRESC Co-op
Telecommunications - ACT
Electricity and Natural Gas - ACES
Insurance - NJSBAIG/MOCSSIF
Staffing - Student Resource Officer - Little Silver Police Department
Curriculum/Professional Development - Host regional meetings
Transportation
Special Education and Vocational School - MOESC
Non Public Schools - Host district for Little Silver, Shrewsbury and
Red Bank
Regular Ed. Transportation - Host district for students attending RBR
from Allenhurst, Asbury Park, Avon, Belmar, Deal, Bradley Beach,
Interlaken, Lake Como, Neptune City
Tuition - Students received from Allenhurst, Asbury Park, Avon, Belmar,
Bradley Beach, Brick, Deal, Freehold Regional, Interlaken, Keansburg,
Lake Como, Manchester, Matawan-Aberdeen, Middletown, Millstone,
Neptune City, Orange, Union Beach, Wall
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 11-12 School Tax Rate
__________________________________
LITTLE SILVER
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,929,186 (A)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 1,246,163,033 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100 0.4758 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 6,166,260 (D)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 1,246,163,033 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100 0.4948 (F)
B. Estimated 11-12 Equalized School Tax Rate
____________________________________________
LITTLE SILVER
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,929,186 (G)
Estimated Equalized Valuation (as of 10/01/2010 ) 1,621,069,059 (H)
Estimated 11-12 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3658 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 6,166,260 (J)
Estimated Equalized Valuation (as of 10/01/2010 ) 1,621,069,059 (K)
Estimated 11-12 Equalized Total School
Tax Rate=(J)/(K)X100 0.3804 (L)
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 11-12 School Tax Rate
__________________________________
RED BANK BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 8,193,434 (A)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 2,268,924,764 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100 0.3611 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 8,521,043 (D)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 2,268,924,764 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100 0.3756 (F)
B. Estimated 11-12 Equalized School Tax Rate
____________________________________________
RED BANK BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 8,193,434 (G)
Estimated Equalized Valuation (as of 10/01/2010 ) 2,223,320,922 (H)
Estimated 11-12 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3685 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 8,521,043 (J)
Estimated Equalized Valuation (as of 10/01/2010 ) 2,223,320,922 (K)
Estimated 11-12 Equalized Total School
Tax Rate=(J)/(K)X100 0.3833 (L)
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 11-12 School Tax Rate
__________________________________
SHREWSBURY BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 4,494,688 (A)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 808,166,606 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100 0.5562 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 4,674,405 (D)
Estimated Net Taxable Valuation (as of 10/01/2010 ) 808,166,606 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100 0.5784 (F)
B. Estimated 11-12 Equalized School Tax Rate
____________________________________________
SHREWSBURY BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 4,494,688 (G)
Estimated Equalized Valuation (as of 10/01/2010 ) 1,139,709,288 (H)
Estimated 11-12 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3944 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 4,674,405 (J)
Estimated Equalized Valuation (as of 10/01/2010 ) 1,139,709,288 (K)
Estimated 11-12 Equalized Total School
Tax Rate=(J)/(K)X100 0.4101 (L)
MONMOUTH - RED BANK REGIONAL
17. Salaries and Benefits of Certain District Employees
Name Edward Westervelt
Job Title Superintendent
Base Annual Salary 147,500
FTE 0.4
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 02/01/2011
Ending Date of Contract 03/31/2011
Annual Work Days 104
Annual Vacation Days 0
Annual Sick Days 0
Annual Personal Days 0
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
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 0
Description of:
Buyback of Sick Days
Buyback of Vac. Days
Buyback of Personal Days
Other Post-Emp. Benefits
Other Post-Emp. Benefits
Other Post-Emp. Benefits
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days
Annual Buyback of Vac. Days
Annual Buyback of Personal Days
All Other In-Kind/Remuneration
Additional Comments
MONMOUTH - RED BANK REGIONAL
17. Salaries and Benefits of Certain District Employees
Name Christina Galvao
Job Title Business Administrator
Base Annual Salary 130,000
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 21
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 4,500
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
Buyback of Vac. Days
Buyback of Personal Days
Other Post-Emp. Benefits
Other Post-Emp. Benefits
Other Post-Emp. Benefits
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days
Annual Buyback of Vac. Days
Annual Buyback of Personal Days
All Other In-Kind/Remuneration
Additional Comments
MONMOUTH - RED BANK REGIONAL
17. Salaries and Benefits of Certain District Employees
Name Risa Clay
Job Title Principal
Base Annual Salary 138,500
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 21
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 4,500
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
Buyback of Vac. Days
Buyback of Personal Days
Other Post-Emp. Benefits
Other Post-Emp. Benefits
Other Post-Emp. Benefits
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days
Annual Buyback of Vac. Days
Annual Buyback of Personal Days
All Other In-Kind/Remuneration
Additional Comments