03/24/111 Bedminster Township School Budget Presentation Bedminster Board of Education Louis Casella Jr., President Emily Caspersen, Vice President Jason Anagnostis Judy Creelman Lisa Cunningham Julie Goetz Brian Haggerty Caitlyn Parker Venkat Patla Andrew Rinko, Superintendent Philip Acosta, School Business Administrator

03/24/112 Bedminster Township School District Budget Program Comparison / *Includes District Legal Costs, District Workers’ Compensation Insurance, Superintendent’s Office Staff, School Business Office Staff, Principal’s Office Staff, School Receptionists, Mandatory State Dues

03/24/113 Bedminster Township School District Budget How We Intend to Spend Our Funds

03/24/114 Bedminster Township School District Budget Highlighted Cost Savings Administration Cost Reductions$116,724 High School Resource Room Charges$ 95,000 Transportation Routes – Savings from Negotiations$ 87,075 Energy Savings $ 24,765 Co-curricular & Athletic$ 6,840 Ins–Risk/Workers’ Comp (Discount/Savings) $ 22,461 Friday Folder/Electronic Board Packets Annual Savings$ 11,000 $363,865

03/24/115 Bedminster Township School District Budget Budgeted High School Costs High School Tuition$3,881,092 Resource Center$ 491,492 Special Education/Out-of-District Tuition$ 351,896 High School Transportation$ 300,299 High School Legal Fees (Estimated)$ 5,000 Total$5,029, BHS Tuition Per Pupil = $17,583 * BHS Tuition Per Pupil = $16,948 * tuition increase per pupil $ 635 % tuition decrease 3.61% Projected Enrollment for Grades 9-12 = Projected Enrollment for Grades 9-12 = * Does not include Transportation, Out-of-District Placements, Evaluations, Legal

03/24/116 Bedminster Township School District % of Total Current Budget Revenue Source %State Aid Special Education Extraordinary Aid $391,995$314,762$1,030, %Grants$208,562$218,801$476, %Other Revenue (Interest/Tuition/Tax Relief) $179,756$425,932$189, %Local Property Tax (Includes Debt Service) $14,729,574$14,839,369$15,057,395 Total Revenues$15,744,257$15,798,864$16,753,651 Revenue Sources

03/24/117 Bedminster Township School District Budget

03/24/118 Bedminster Township School District Budget Tax Implications School Tax Impact on Homeowner FY $595.17Per $100,000 FY $594.95Per $100,000 Average Price of Home in Bedminster in 2011 = $418,825 Average School Tax for $2, Average Price of Home in Bedminster in 2010 = $417,061 Average School Tax for $2, Total Net Annual Increase $ Average Tax Rate Over the Last 4 Years =.5824 Total Ratables for 2011 = $2,322,920,777 Total Ratables for 2010 = $2,342,169,138

03/24/119 Bedminster Township School District Budget Taxes per $100,000

03/24/1110 Bedminster Township School District Budget Direct Tax Relief (Surplus in excess of 2%) Property Tax Relief: $ 51,973 Past 5 Years: Direct Property Tax Relief$898,622