Saddle River Board of Education 2011 2012 Budget

Saddle River Board of Education 2011 - 2012 Budget Presentation March 24, 2011

Saddle River Board of Education Board Members Keith Pennell, President Henry Senger, Vice President Rosemarie Arnold Irene Feldsott John La. Salandra Superintendent Dr. David Goldblatt Board Secretary/Business Admin. Fred Palumbo

Saddle River BOE Budget 2011 -2012 ü ü ü ü ü Statement of Priorities Economic Challenges Budget Highlights Pupil Enrollment Revenue – Chart and Graph Appropriations – Chart and Graph Previous Year Comparison School Budget Effect on Taxes School Tax Levy - History Q&A

Statement of Priorities ü Continue To Provide Most Exceptional Educational Opportunities for All Saddle River Students ü Continue To Fund Initiatives Designed To Enhance Instruction and Maintain the “Total Wandell School Experience” ü Provide the Funding for Anticipated Increases in Enrollment, Regular and Special Education, Tuition, and Personnel Costs, i. e. Benefits ü Control and Maintain an efficient spending plan and fiscally responsible Budget

Economic Challenges ü Regular Student Enrollment and Special Education Placements Rising ü Greater Tuition Costs ü Extreme Increases On Benefits Costs ü State Aid Significantly Lower ü Funding of State Mandated Programs

Budget Highlights üBudgeted 2% tax levy increase üWe Are Utilizing $400 K of this year’s budget to fund next year’s, i. e. Budgeted Fund Balance ü$171 annual increase for “average” $1. 7 MM assessed home ü“School Tax Assessment on Average Home” per enrolled student is $0. 23 or 2% over 2010 -2011

Pupil Enrollment 10 -15 -2009 10 -15 -2010 Pre-K Part Time Pre-K Full Time Regular Full Time 12 10 198 10 16 183 8 12 190 Special Full Time 15 15 22 3 3 3 10 72 26 69 8 73 20 76 13 3 8 5 14 4 9 9 444 448 Enrollment Category 10 -15 -2011 % Private School Placements Sent to Other Districts– Regular Ed. Smith Ramsey HS NHRHS Sent to Other Districts– Special Ed. Smith Ramsey HS NHRHS Other Total 1. 0%

Revenue Where the $ Comes From… Major Category Budgeted Fund Balance 2011 -2012 % 668, 798 8. 3% 7, 145, 947 87. 6% Misc. Income, Interest on Investments 153, 193 1. 9% Extraordinary Aid (Special Education) 93, 107 1. 1% State aid 81908 1. 0% Education jobs fund 10, 691 0. 1% $8, 153, 644 100. 0% Local Tax Levy TOTAL GENERAL FUND

Revenue 2011 -2012 General Fund Total: $8, 153. 644

Appropriations Where the $ Goes … Major Category Salaries 2011 -2012 % $3, 199, 030 39. 2% 2, 245, 413 27. 5% Benefits 977, 056 12. 0% Instruction And Child Study Team Services 515, 066 6. 4% Tuition for Special Education Placements 448, 004 5. 5% Transportation 396, 500 4. 8% Maintenance, Utilities & Insurance 328, 875 4. 0% 43, 700 0. 5% $8, 153, 644 100. 0% Tuition to receiving districts Administration Total General Fund

Appropriations 2011 -2012 General Fund total: $8, 153, 644

Previous Year Comparison - Appropriations Major Category 2010 -2011 Forecast 2011 -2012 Budget D % Bud – Fcst Tuition $2, 452, 511 $2, 693, 417 $240, 906 9. 8 Salaries 3, 140, 397 3, 199, 030 58, 633 1. 9 Benefits 849, 161 977, 056 127, 895 15. 1 Maint. , Util. & Insurance 314, 567 328, 875 14, 308 4. 5 Instruction & CST Support 484, 710 515, 066 30, 356 6. 3 Transportation 365, 976 396, 500 30, 524 8. 3 Administration 74, 142 43, 700 (30, 442) -41. 1 Total General Fund $7, 681, 464 $8, 153, 644 472, 180 6. 1 444 448 4 1. 0 17, 301 18, 200 Enrollment General Fund/ # Enrolled

School Budget Impact on Taxes School Tax Levy Year* Total Borough Assessments School Tax Rate (x 100) Enrollme nt Tax levy/ # Enrolled 2007 -2008 $6, 289, 800 $2, 131, 618, 846 $ 0. 2951 436 $14, 426 2008 -2009 $6, 415, 596 $2, 143, 209, 753 $ 0. 2993 426 $15, 060 2009 -2010 $6, 672, 220 $2, 187, 463, 453 $ 0. 3050 444 $15, 027 2010 -2011 $7, 005, 831 $2, 184, 977, 412 $ 0. 3206 444 $15, 779 2011 -2022 $7, 145, 948 $2, 185, 677, 824 $0. 3269 448 $15, 951 Change % Change $ $ $ 0. 0063 2. 0% 4 0. 9% $ 140, 117 2. 0% 700, 112. 03% 172 1. 0%

School Tax Levy - History

Saddle River Board of Education Thank You For Your Attention! We would be pleased to answer your questions.