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Rumson-Fair Haven board approves tentative $24.66 million budget and sets April 26 public hearing
Summary
The board approved a tentative FY2022-2023 budget with total expenditures of $24,664,084 and taxes to be levied of $21,205,295; it scheduled a public hearing on April 26, 2022 at 7:00 p.m. at the district media center.
The Rumson-Fair Haven Regional High School Board of Education approved the district's tentative budget for the 2022-2023 school year and authorized submission to the Executive County Superintendent of Schools. The resolution lists total expenditures of $24,664,084 and taxes to be levied of $21,205,295. The board also authorized advertisement of the tentative budget in the Asbury Park Press in accordance with state requirements.
Board Secretary/Business Administrator Valery Petrone presented the tentative budget figures and noted that the budget uses the 2022-2023 state aid figures. The board scheduled a public hearing on the budget for April 26, 2022 at 7:00 p.m. in the Rumson-Fair Haven Regional High School Media Center / Library at 74 Ridge Road, Rumson, NJ.
The budget includes a Capital Reserve withdrawal of $442,500 for a partial roof replacement project with a total project cost of $540,000, identified as expenditures beyond facilities efficiency standards. The minutes also record travel and related expense reimbursement policy language, noting a maximum travel amount of $78,750 for the current school year and $20,751 expended to date. The board approved bill lists totaling $657,276.33 and recorded payroll of $594,463.21 for March 15, 2022.
