In an effort to provide continued outstanding educational and co-curricular programming at a low cost to taxpayers, the administration of Point Pleasant Borough Schools actively explores new ways to reduce spending and increase revenue from non-traditional sources.
In early 2010 the district began offering local businesses and organizations the opportunity to post full-color signage throughout district athletic venues.
A comprehensive selection of advertising packages meet local businesses' marketing objectives, providing valuable exposure in the community. These Board-approved messages also communicate to the community that local businesses are actively participating in youth programs.
During the inaugural year, the district raised over $35,000 in revenue in addition to the receipt of a donation of two new scoreboards and scorer's tables valued at over $40,000.
It has been a very successful program for the district and in these difficult financial times, creative financial solutions are essential.
The “Energy Savings Improvement Program” (ESIP) is an alternate funding vehicle that offers school districts in New Jersey the ability to pursue energy related school infrastructure improvements (HVAC, control systems, lighting, building envelope – windows, doors & roofs) without the need to go to a bond referendum, incur additional debt service, or deplete already thin capital improvement funds. ESIP allows districts to self-fund these projects through future expected energy savings.
With minimal state aid on capital projects expected in upcoming years and with the available “Pay for Performance” rebates available to school districts in New Jersey, the need to explore creative programs, such as ESIP, has never been greater. This presentation will discuss the program, its benefits, its pros and cons compared to traditional school infrastructure funding, and the process to explore it as a viable vehicle.