Saddle River Board of Saddle River Board of EducationEducation

2011 - 20122011 - 2012

Budget PresentationBudget Presentation

March 24, 2011March 24, 2011

Saddle RiverSaddle RiverBoard of EducationBoard of Education

Board MembersBoard MembersKeith Pennell, PresidentKeith Pennell, President

Henry Senger, Vice PresidentHenry Senger, Vice PresidentRosemarie ArnoldRosemarie Arnold

Irene FeldsottIrene FeldsottJohn LaSalandraJohn LaSalandra

SuperintendentSuperintendentDr. David GoldblattDr. David Goldblatt

Board Secretary/Business Admin.Board Secretary/Business Admin.Fred PalumboFred Palumbo

Saddle River BOE Budget Saddle River BOE Budget 2011-20122011-2012

Statement of PrioritiesStatement of Priorities Economic ChallengesEconomic Challenges Budget HighlightsBudget Highlights Pupil EnrollmentPupil Enrollment Revenue – Chart and GraphRevenue – Chart and Graph Appropriations – Chart and GraphAppropriations – Chart and Graph Previous Year ComparisonPrevious Year Comparison School Budget Effect on TaxesSchool Budget Effect on Taxes School Tax Levy - HistorySchool Tax Levy - History Q & AQ & A

Statement of PrioritiesStatement of Priorities

Continue To Provide Continue To Provide Most ExceptionalMost Exceptional Educational Educational Opportunities for All Saddle River Students Opportunities for All Saddle River Students

Continue To Fund Initiatives Designed To Enhance Continue To Fund Initiatives Designed To Enhance Instruction and Instruction and MaintainMaintain the “Total Wandell School the “Total Wandell School Experience”Experience”

Provide the Funding for Provide the Funding for Anticipated IncreasesAnticipated Increases in in

Enrollment, Regular and Special Education, Enrollment, Regular and Special Education, Tuition, and Personnel Costs, i.e. BenefitsTuition, and Personnel Costs, i.e. Benefits

Control and MaintainControl and Maintain an efficient spending plan an efficient spending plan and fiscally responsible Budget and fiscally responsible Budget

Economic ChallengesEconomic Challenges

Regular Student Enrollment and Special Regular Student Enrollment and Special Education Placements RisingEducation Placements Rising

Greater Tuition CostsGreater Tuition Costs

Extreme Increases On Benefits CostsExtreme Increases On Benefits Costs

State Aid Significantly Lower State Aid Significantly Lower

Funding of State Mandated ProgramsFunding of State Mandated Programs

Budget HighlightsBudget Highlights

Budgeted 2% tax levy increaseBudgeted 2% tax levy increase

We Are Utilizing $400K of this year’s budget to We Are Utilizing $400K of this year’s budget to fund next year’s, fund next year’s,

i.e. Budgeted Fund Balancei.e. Budgeted Fund Balance

$171 annual increase for “average” $1.7MM $171 annual increase for “average” $1.7MM assessed homeassessed home

““School Tax Assessment on Average Home” School Tax Assessment on Average Home” perper enrolled studentenrolled student is $0.23 or 2% over 2010-2011 is $0.23 or 2% over 2010-2011

Pupil EnrollmentPupil EnrollmentEnrollment CategoryEnrollment Category 10-15-200910-15-2009 10-15-201010-15-2010 10-15-2011 10-15-2011 %%

Pre-K Part TimePre-K Part Time

Pre-K Full TimePre-K Full Time

Regular Full TimeRegular Full Time

1212

1010

198198

1010

1616

183183

88

1212

190190

Special Full TimeSpecial Full Time 1515 1515 2222

Private School Private School PlacementsPlacements 33 33 33

Sent to Other Districts– Sent to Other Districts– Regular Ed. Regular Ed.

SmithSmith

Ramsey HSRamsey HS

NHRHSNHRHS

1010

7272

2626

6969

1010

7272

2626

6969

88

7373

2020

7676

Sent to Other Districts– Sent to Other Districts– Special Ed.Special Ed.

SmithSmith

Ramsey HSRamsey HS

NHRHSNHRHS

OtherOther

1313

33

88

55

1313

33

88

55

1414

44

99

99

Total Total 444444 444444 448448 1.0%1.0%

RevenueRevenue Where the $ Comes From…Where the $ Comes From…

Major CategoryMajor Category 2011-20122011-2012 %%

Budgeted Fund BalanceBudgeted Fund Balance 668,798668,798 8.3%8.3%

Local Tax LevyLocal Tax Levy 7,145,9477,145,947 87.6%87.6%

Misc. Income, Interest on InvestmentsMisc. Income, Interest on Investments 153,193153,193 1.9%1.9%

Extraordinary Aid (Special Education)Extraordinary Aid (Special Education) 93,10793,107 1.1%1.1%

State aidState aid 8190881908 1.0%1.0%

Education jobs fundEducation jobs fund 10,69110,691 0.1%0.1%

TOTAL GENERAL FUNDTOTAL GENERAL FUND $8,153,644$8,153,644 100.0%100.0%

Educat ion J obs Fund $10,691

0.1%

STATE AID $81,908 1.0%

MISC . INCOME $153,193 1.9%

BUDGETED FUND

BAL ANCE $668,798 8.2%

Ext r aor dinar y Aid $93,107

1.1%

TAX L EVY $7,145,947

87.6%

Revenue 2011-2012Revenue 2011-2012

General Fund Total: $8,153.644

AppropriationsAppropriationsWhere the $ Goes …Where the $ Goes …

Major CategoryMajor Category 2011-20122011-2012 %%

SalariesSalaries $3,199,030$3,199,030 39.2%39.2%

Tuition to receiving districtsTuition to receiving districts 2,245,4132,245,413 27.5%27.5%

Benefits Benefits 977,056977,056 12.0%12.0%

Instruction And Child Study Team ServicesInstruction And Child Study Team Services 515,066515,066 6.4%6.4%

Tuition for Special Education PlacementsTuition for Special Education Placements 448,004448,004 5.5%5.5%

TransportationTransportation 396,500396,500 4.8%4.8%

Maintenance, Utilities & InsuranceMaintenance, Utilities & Insurance 328,875328,875 4.0%4.0%

AdministrationAdministration 43,70043,700 0.5%0.5%

Total General FundTotal General Fund $8,153,644$8,153,644 100.0%100.0%

Appropriations 2011-2012Appropriations 2011-2012ADMINISTRATION

$43,700 0.5%

BENEF ITS $977,056 12.0%

MAINT, UTIL ITIES and INSURANCE $328,875 4.0%

TRANSPORTATION $393,500 4.8%

INSTRUCTION SUPPORT $517,886

6.4%

SAL ARIES $3,199,030 39.2%

TUITION $2,693,597 33.0%

General Fund total:

$8,153,644

Previous YearPrevious YearComparison - AppropriationsComparison - Appropriations

Major Major CategoryCategory

2010-20112010-2011

ForecastForecast2011-20122011-2012

BudgetBudget

Bud – FcstBud – Fcst%%

TuitionTuition $2,452,511$2,452,511 $2,693,417$2,693,417 $240,906$240,906 9.89.8

SalariesSalaries 3,140,3973,140,397 3,199,0303,199,030 58,63358,633 1.91.9

BenefitsBenefits 849,161849,161 977,056977,056 127,895127,895 15.115.1

Maint., Util. & Maint., Util. & InsuranceInsurance

314,567314,567 328,875328,875 14,30814,308 4.54.5

Instruction & Instruction & CST SupportCST Support

484,710484,710 515,066515,066 30,35630,356 6.36.3

TransportationTransportation 365,976365,976 396,500396,500 30,52430,524 8.38.3

AdministrationAdministration 74,14274,142 43,70043,700 (30,442)(30,442) -41.1-41.1

Total General Total General FundFund

$7,681,464$7,681,464 $8,153,644$8,153,644 472,180472,180 6.16.1

EnrollmentEnrollment 444444 448448 44 1.01.0

General Fund/General Fund/

# Enrolled# Enrolled17,30117,301 18,20018,200

School Budget Impact on TaxesSchool Budget Impact on Taxes

Year*Year* School Tax School Tax LevyLevy

Total Borough Total Borough AssessmentsAssessments

School Tax School Tax Rate (x Rate (x

100)100)

EnrollmEnrollment ent

Tax levy/Tax levy/

# # EnrolledEnrolled

2007-20082007-2008 $6,289,800$6,289,800 $2,131,618,846$2,131,618,846 $ 0.2951$ 0.2951 436436 $14,426$14,426

2008-20092008-2009 $6,415,596$6,415,596 $2,143,209,753$2,143,209,753 $ 0.2993$ 0.2993 426 426 $15,060$15,060

2009-20102009-2010 $6,672,220$6,672,220 $2,187,463,453$2,187,463,453 $ 0.3050$ 0.3050 444444 $15,027$15,027

2010-20112010-2011 $7,005,831$7,005,831 $2,184,977,412$2,184,977,412 $ 0.3206$ 0.3206 444444 $15,779$15,779

2011-20222011-2022 $7,145,948$7,145,948 $2,185,677,824$2,185,677,824 $0.3269$0.3269 448448 $15,951$15,951

ChangeChange

% Change% Change$ 140,117$ 140,117

2.0%2.0%

$ 700,112$ 700,112

.03.03%%

$ 0.0063$ 0.0063

2.0%2.0%

44

0.9% 0.9%

$ 172$ 172

1.0%1.0%

Fiscal School Total Borough School Tax Average Home School TaxYear Tax Levy Assessments Rate (x100) Assessment Typical Home

2002-2003 5,756,107 1,821,282,400 0.3160 1,500,000 4,740.70$ 2003-2004 5,932,451 1,883,043,300 0.3150 1,500,000 4,725.69$ 2004-2005 6,070,618 1,944,955,924 0.3121 1,500,000 4,681.82$ 2005-2006 5,879,275 1,986,989,500 0.2959 1,500,000 4,438.33$ 2006-2007 6,289,800 2,068,319,000 0.3041 1,500,000 4,561.53$ 2007-2008 6,289,800 2,131,618,846 0.2951 1,500,000 4,426.07$ 2008-2009 6,415,596 2,143,209,753 0.2993 1,650,000 4,938.45$ 2009-2010 6,672,220 2,187,463,453 0.3050 1,700,000 5,185.00$ 2010-2011 7,005,831 2,184,977,712 0.3206 1,680,000 5,386.69$ 2011-2012 7,145,948 2,185,677,824 0.3269 1,700,000 5,558.05$

School Tax Levy - HistorySchool Tax Levy - History

School Tax Rate (x100) 2002-2012

0.28

0.29

0.3

0.31

0.32

0.33

'02-'03

'03-'04

'04-'05

'05-'06

'06-'07

'07-'08

'08-'09

'09-'10

'10-'11

'11-'12

Year

Tax

Rate

Saddle River Board of Saddle River Board of EducationEducation

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