1. Mrs. Erin Hegglin, President Mrs. Susan Trocchia, Vice President Mrs. Kristin Arvanitis Mrs. Meaghan Cavanaugh Dr. Paul Christopher Mrs. Mary Gassman Mr. Brian Kramer Mrs. Patricia McLaughlin Ms. Beth Sarfaty

2. 2015-2016 School Year

3.  Technology Upgrades  Professional Development  Textbook Replacements  Special Services

4. 2014-20152015-2016 Excess Surplus$897,684$741,544 Taxes$9,282,312 State Aid$276,595 Tuition$240,000$340,000 Miscellaneous$15,000 Federal Grants$558,107 Debt Service$470,000$456,000 Total Revenue$11,739,698$11,669,558 Revenue

5. Current Budget Proposed Budget Change Current Expenses $10,422,204$10,488,77366,569 Capital Outlay $289,387$166,678($122,709) Special Programs $558,107 $0 Debt Service $470,000$456,000($14,000) Total $11,739,698$11,669,558($70,140)

6. 2014-2015= $9,282,312 2015-2016= $9,282,312 Calendar Levy (Jan-Jun) $4,641,156 Calendar Levy (Jul-Dec) $4,641,156 Calendar Levy- $9,282,312 Divide by 2015 Ratables- $1.204 billion (incr.= $81 million) School Tax Rate 2015= $0.827 per $100 AV School Tax Rate 2016= $0.771 per $100 AV Tax Rate Decrease= $0.052

7. 2014-2015  Average Home Assessment = $383,300*  0.827 x $383,000/100 = $3,167 (based on ratables of $1,122,000,000) 2015-2016  Average Home Assessment = $417,704*  0.771 x $417,704/100 = $3,220 (based on ratables of $1,203,950,280) Net Increase= $53 per year * SOURCE: West Long Branch Borough Chief Financial Officer

8. Approve Final Budget at Regular Public Meeting on April 28, 2014 The User Friendly Budget will be posted to the District Website