02/27/2008 MONMOUTH - RED BANK REGIONAL
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2006 October 15, 2007 October 15, 2008
Actual Actual Estimated
Pupils on Roll Regular Full-Time 936 944 957
Pupils on Roll Regular Shared-Time 13 18 20
Pupils on Roll - Special Full-Time 150 155 155
Pupils on Roll - Special Shared-Time 17 16 15
Private School Placements 19 15 18
Pupils Sent to Other Districts-Reg Prog 2
Pupils Sent to Other Dists-Spec Ed Prog 1 1 1
Pupils Received 255 286 291
Pupils in State Facilities 2 2
MONMOUTH - RED BANK REGIONAL
Advertised Revenues
Budget Category Account 2006-07 2007-08 2008-09
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 929,817 1,729,038
Transfers from Other Funds 10-5200 5,146
Revenues from Local Sources:
Local Tax Levy 10-1210 15,953,619 16,591,764 17,255,435
Tuition 10-1300 2,676,496 2,621,695 2,700,700
Transportation Fees from Other LEAs 10-1420-1440 246,784 240,000 255,000
Other Restricted Miscellaneous Revenues 10-1XXX 780
Unrestricted Miscellaneous Revenues 10-1XXX 217,056 44,210 49,958
SUBTOTAL 19,094,735 19,497,669 20,261,093
Revenues from State Sources:
Transportation Aid 10-3120 128,684 128,684
Special Education Aid 10-3130 672,332 672,332
Bilingual Education 10-3140 33,782 33,782
Stabilization Aid 10-3171 430,046 430,046
Extraordinary Aid 10-3131 19,902 4,367
Consolidated Aid 10-3195 94,688 94,688
Additional Formula Aid 10-3196 42,265 85,798
Other State Aids 10-3XXX 8,665
Categorical Special Education Aid 10-3132 462,921
Categorical Security Aid 10-3177 69,675
Adjustment Aid 10-3178 912,356
Categorical Transportation Aid 10-3121 102,579
SUBTOTAL 1,430,364 1,445,330 1,551,898
Adjustment for Prior Year Encumbrances 190,200
Actual Revenues (Over)/Under Expenditures -1,052,709
TOTAL OPERATING BUDGET 19,477,536 22,063,016 23,542,029
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 22,485
Revenues from State Sources:
Instructional Supplement Aid - Pr Yr Carryover 20-3214 49,308
Instructional Supplement Aid 20-3214 49,308 49,308
Other Restricted Entitlements 20-32XX 708,816 675,831 574,374
TOTAL REVENUES FROM STATE SOURCES 807,432 725,139 574,374
Revenues from Federal Sources:
Title I 20-4411-4416 74,305 75,878 64,400
I.D.E.A. Part B (Handicapped) 20-4420-4429 317,313 320,870 272,700
Other 20-4XXX 62,862 284,288 280,800
TOTAL REVENUES FROM FEDERAL SOURCES 454,480 681,036 617,900
TOTAL GRANTS AND ENTITLEMENTS 1,284,397 1,406,175 1,192,274
REPAYMENT OF DEBT
Revenues from Local Sources:
Local Tax Levy 40-1210 769,396 770,027 774,729
TOTAL REVENUES FROM LOCAL SOURCES 769,396 770,027 774,729
TOTAL LOCAL REPAYMENT OF DEBT 769,396 770,027 774,729
TOTAL REPAYMENT OF DEBT 769,396 770,027 774,729
TOTAL REVENUES/SOURCES 21,531,329 24,239,218 25,509,032
MONMOUTH - RED BANK REGIONAL
Advertised Appropriations
Budget Category Account 2006-07 2007-08 2008-09
Expenditures Rev. Approp. Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX 5,976,874 6,477,894 6,782,567
Special Education 11-2XX-100-XXX 891,212 963,696 992,500
Basic Skills/Remedial 11-230-100-XXX 213,587 224,474 190,000
Bilingual Education 11-240-100-XXX 196,918 235,076 291,000
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 144,185 142,500 148,500
School Sponsored Athletics 11-402-100-XXX 500,621 564,123 587,185
Support Services:
Tuition 11-000-100-XXX 1,306,906 1,560,205 1,637,198
Attendance and Social Work Services 11-000-211-XXX 193,359 204,181 212,000
Health Services 11-000-213-XXX 95,244 112,582 119,750
Students - Related & Extraordinary 11-000-216,217 3,548 6,000
Guidance 11-000-218-XXX 642,836 696,901 733,630
Child Study Teams 11-000-219-XXX 578,523 618,548 651,700
Improvement of Instructional Services 11-000-221-XXX 530,808 585,120 599,070
Educational Media Services - School Library 11-000-222-XXX 154,279 206,367 220,650
Instructional Staff Training Services 11-000-223-XXX 59,146 164,763 160,160
General Administration 11-000-230-XXX 411,082 563,544 551,460
School Administration 11-000-240-XXX 619,724 628,307 646,000
Central Svcs & Admin Info Technology 11-000-25X-XXX 394,585 351,410 349,200
Deposit to Maintenance Reserve 10-606 250,000
Operation and Maintenance of Plant Services 11-000-26X-XXX 1,963,694 2,376,968 2,503,750
Student Transportation Services 11-000-270-XXX 1,608,347 1,792,343 1,847,884
Deposit to Current Expense Emergency Reserve 10-607 124,048
Personal Services - Employee Benefits 11-XXX-XXX-2XX 2,398,009 2,891,503 3,075,225
Food Services 11-000-310-XXX 23,000 5,300
Total Support Services Expenditures 10,960,090 12,781,742 13,312,977
TOTAL GENERAL CURRENT EXPENSE 18,883,487 21,513,553 22,554,729
CAPITAL EXPENDITURES
Equipment 12-XXX-XXX-73X 140,626 318,063 754,500
Facilities Acquisition and Construction Services 12-000-4XX-XXX 241,556
TOTAL CAPITAL EXPENDITURES 382,182 318,063 754,500
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX 183,291 181,600 182,000
Support Services 13-422-200-XXX 819 19,800 19,800
Total Summer School 184,110 201,400 201,800
Adult Education - Local:
Instruction 13-602-100-XXX 27,757 30,000 31,000
Total Adult Education - Local 27,757 30,000 31,000
TOTAL SPECIAL SCHOOLS 211,867 231,400 232,800
OPERATING BUDGET GRAND TOTAL 19,477,536 22,063,016 23,542,029
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX 22,485
Support Services 20-214-200-XXX 98,616 49,308
TOTAL INSTRUCTIONAL SUPPLEMENT AID 98,616 49,308
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX 64,572 64,330 54,600
Nonpublic Auxiliary Services 20-XXX-XXX-XXX 53,105 58,725 49,916
Nonpublic Handicapped Services 20-XXX-XXX-XXX 134,327 143,736 122,175
Nonpublic Nursing Services 20-XXX-XXX-XXX 85,907 88,857 75,528
Nonpublic Technology Initiative 20-XXX-XXX-XXX 46,280 46,040 39,134
Other Special Projects 20-XXX-XXX-XXX 324,625 274,143 233,021
Total State Projects 807,432 725,139 574,374
Federal Projects:
Title I 20-XXX-XXX-XXX 74,305 75,878 64,400
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 317,313 320,870 272,700
Other Special Projects 20-XXX-XXX-XXX 62,862 284,288 280,800
Total Federal Projects 454,480 681,036 617,900
TOTAL GRANTS AND ENTITLEMENTS 1,284,397 1,406,175 1,192,274
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 769,396 770,027 774,729
TOTAL REPAYMENT OF DEBT 769,396 770,027 774,729
Total Expenditures 21,531,329 24,239,218 25,509,032
DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Local Contrib-Transfer to Grants & Entitlements 11-1XX-100-930
Capital Reserve - Transfer to Repayment of Debt 12-000-400-933
TOTAL EXPENDITURES NET OF TRANSFERS 21,531,329 24,239,218 25,509,032
MONMOUTH - RED BANK REGIONAL
Advertised Recapitulation of Balance
Audited Audited Estimated Estimated
Balance Balance Balance Balance
Budget Category 6/30/2006 6/30/2007 6/30/2008 6/30/2009
Unreserved:
General Operating Budget 568,546 414,659 414,659 414,659
Repayment of Debt 1 1 0 0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve 0 0 0 0
Adult Education Programs 0 0 0 0
Maintenance Reserve 0 0 0 250,000
Legal Reserve 1,086,018 2,658,855 1,729,038 0
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 0 0 124,048 124,048
Reserved for Repayment of Debt 0 0 0 0
MONMOUTH - RED BANK REGIONAL
Advertised Per Pupil Cost Calculations
2008 - 2009
2005-06 2006-07 2007-08 2007-08 2008-2009
Actual Actual Original Revised Proposed
Budget Budget Budget
Per Pupil Cost Calculations: (1) (2) (3) (4) (5)
Total Comparative Per Pupil Cost 13554 14963 16205 16324 16780
Total Classroom Instruction 7275 8059 8598 8641 8953
Classroom-Salaries and Benefits 6708 7458 7934 7917 8191
Classroom-General Supplies and Textbooks 505 508 544 609 622
Classroom-Purchased Services and Other 62 94 120 115 141
Total Support Services 2140 2591 2873 2860 2890
Support Services-Salaries and Benefits 1976 2314 2505 2492 2503
Total Administrative Costs 1614 1525 1584 1624 1624
Administration-Salaries and Benefits 1161 1160 1229 1223 1267
Total Operations and Maintenance of Plant 1737 1920 2231 2255 2359
Operations & Maintenance of Plant-Salary & Ben. 557 591 637 634 711
Total Food Services Costs 1 0 0 21 5
Total Extracurricular Costs 638 693 745 747 771
Total Equipment Costs 181 130 270 285 668
Employee Benefits as a % of Salaries 22.7 21.8 24.0 24.6 25.1
The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
are contained in the 2008 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 2007-08 revised appropriations and 2008-09 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 08-09 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
_________________________________________________
Student Resource Officer - Little Silver Police Department
Security Patrol - Little Silver Police Department
Utilities - ACES, ACT, MOESC Gas Consortium
Insurance - NJSBAIG, MOCSIF
Purchasing Services - Ed Data
Utilities - ACES, ACT, MOESC
Professional Development - Little Silver, Shrewsbury, Red Bank
Transportation - MOESC, Red Bank, Shrewsbury, Little Silver (non-public)
Avon, Asbury Park, Deal, Interlaken, Lake Como, Neptune City,
Allenhurst, Bradley Beach
Food Service - Little Silver, Fair Haven, Shrewsbury, Red Bank Charter
Erate Discounts - Universal Service Fund
Staffing - Rumson-Fair Haven (Chinese Teacher), Little Silver (Music
Teacher), Shrewsbury - Treasurer
Title III Consortium - Red Bank Charter
Support Staff Training - MOESC, NJSBAIG
Curriculum Development (Chinese) - Red Bank Borough and Rumson-Fair Haven
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
LITTLE SILVER
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,351,546 (A)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 1,253,700,152 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.4269 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,591,818 (D)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 1,253,700,152 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.4460 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
LITTLE SILVER
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,351,546 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 1,651,284,812 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3241 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,591,818 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 1,651,284,812 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.3386 (L)
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
RED BANK BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 7,929,000 (A)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 2,271,728,071 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.3490 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 8,284,994 (D)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 2,271,728,071 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.3647 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
RED BANK BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 7,929,000 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 2,274,537,024 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3486 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 8,284,994 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 2,274,537,024 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.3642 (L)
MONMOUTH - RED BANK REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
SHREWSBURY BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 3,974,888 (A)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 812,138,583 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.4894 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 4,153,352 (D)
Estimated Net Taxable Valuation (as of 01/16/2008 ) 812,138,583 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.5114 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
SHREWSBURY BORO
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 3,974,888 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 1,147,105,317 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.3465 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 4,153,352 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 1,147,105,317 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.3621 (L)