Saddle River Board of Saddle River Board of EducationEducation

2012 - 20132012 - 2013

Budget PresentationBudget Presentation

March 29, 2012March 29, 2012

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 2012-20132012-2013

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

How to Conform to a State-mandated Tax Levy Cap How to Conform to a State-mandated Tax Levy Cap

Meeting anticipated Enrollment and Special Meeting anticipated Enrollment and Special Education Placement costs Education Placement costs

Greater Tuition CostsGreater Tuition Costs

Ever-Increasing Benefits CostsEver-Increasing Benefits Costs

Funding of State Mandated ProgramsFunding of State Mandated Programs

Budget HighlightsBudget Highlights

Budgeted 2% tax levy increaseBudgeted 2% tax levy increase

We Are Utilizing $200K of this year’s budget to We Are Utilizing $200K of this year’s budget to fund next year’s, fund next year’s,

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

$99 annual increase for “average” $1.7MM $99 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 has decreased slightly from has decreased slightly from 2011-2012 (463 vs 438 total enrollment)2011-2012 (463 vs 438 total enrollment)

Pupil EnrollmentPupil EnrollmentEnrollment CategoryEnrollment Category 10-15-201010-15-2010 10-15-201110-15-2011 10-15-2012 10-15-2012 %%

Pre-K Part TimePre-K Part Time

Pre-K Full TimePre-K Full Time

Regular Full TimeRegular Full Time

1010

1616

183183

88

1313

181181

1010

1414

195195

Special Full TimeSpecial Full Time 1515 2727 1414

Private School Private School PlacementsPlacements 33 22 55

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

SmithSmith

Ramsey HSRamsey HS

NHRHSNHRHS

1010

7272

2626

6969

99

6666

2121

7777

88

6767

2222

8484

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

SmithSmith

Ramsey HSRamsey HS

NHRHSNHRHS

OtherOther

1313

33

88

55

1111

44

1212

77

1717

55

1414

77

Total Total 433433 438438 462462 5.5%5.5%

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

Major CategoryMajor Category 2012-20132012-2013 %%

Budgeted Fund BalanceBudgeted Fund Balance 537,292537,292 6.5%6.5%

Local Tax LevyLocal Tax Levy 7,288,8667,288,866 88.1%88.1%

Misc. Income, Interest on InvestmentsMisc. Income, Interest on Investments 138,500138,500 1.7%1.7%

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

State aidState aid 202,026202,026 2.4%2.4%

Education jobs fundEducation jobs fund 11,02611,026 0.1%0.1%

TOTAL GENERAL FUNDTOTAL GENERAL FUND $8,270,817$8,270,817 100.0%100.0%

Revenue 2012-2013Revenue 2012-2013

General Fund Total: $8,270.817

AppropriationsAppropriationsWhere the $ Goes …Where the $ Goes …

Major CategoryMajor Category 2012-20132012-2013 %%

SalariesSalaries $3,073,196$3,073,196 37.2%37.2%

Tuition to receiving districtsTuition to receiving districts 2,483,1372,483,137 30.0%30.0%

Benefits Benefits 996,212996,212 12.1%12.1%

Instruction And Child Study Team ServicesInstruction And Child Study Team Services 513,714513,714 6.2%6.2%

Tuition for Special Education PlacementsTuition for Special Education Placements 542,020542,020 6.6%6.6%

TransportationTransportation 419,459419,459 5.1%5.1%

Maintenance, Utilities & InsuranceMaintenance, Utilities & Insurance 190,979190,979 2.3%2.3%

AdministrationAdministration 51,10051,100 0.6%0.6%

Total General FundTotal General Fund $8,270,817$8,270,817 100.0%100.0%

Appropriations 2012-2013Appropriations 2012-2013

ADMINISTRATION $51,100 0.6%

BENEF ITS $996,212 12.1%

MAINT, UTIL ITIES and INSURANC E $190,979 2.3%

Tuit ion - Special Ed $542,020 6.6%

TRANSPORTATION $419,459 5.1%

INSTRUC TION, C ST $513,714 6.2%

SAL ARIES $3,073,196 37.2%

TUITION - Regul ar $2,483,137 30.0%

General Fund total:

$8,270,817

Previous YearPrevious YearComparison - AppropriationsComparison - Appropriations

Major Major CategoryCategory

2011-20122011-2012

ForecastForecast2012-20132012-2013

BudgetBudget

Bud – FcstBud – Fcst%%

TuitionTuition $2,526,460$2,526,460 $3,025,157$3,025,157 $498,697$498,697 20.020.0

SalariesSalaries 3,309,6413,309,641 3,073,1963,073,196 -236,445-236,445 -7.1-7.1

Benefits (net)Benefits (net) 947,597947,597 997,212997,212 49,61549,615 5.25.2

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

199,840199,840 190,979190,979 -8,861-8,861 -4.4-4.4

Instruction & Instruction & CST SupportCST Support

543,078543,078 513,714513,714 -29,364-29,364 -5.4-5.4

TransportationTransportation 435,000435,000 419,459419,459 -15,541-15,541 -3.6-3.6

AdministrationAdministration 76,45076,450 51,10051,100 -25,350-25,350 -33.2-33.2

Total General Total General FundFund

$8,038,066$8,038,066 $8,270,817$8,270,817 232,751232,751 2.92.9

EnrollmentEnrollment 438438 463463 2525 5.75.7

General Fund/General Fund/

# Enrolled# Enrolled18,35218,352 17,86417,864

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/

# Enrolled# Enrolled

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

2011-20122011-2012 $7,145,948$7,145,948 $2,185,677,824$2,185,677,824 $0.3269$0.3269 438438 $16,315$16,315

2012-20132012-2013 $7,288,866$7,288,866 $2,190,248,844$2,190,248,844 $0.3328$0.3328 463463 $15,742$15,742

ChangeChange

% Change% Change$ 142,919$ 142,919

2.0%2.0%$ $ 4,571,0204,571,020

.2%.2%

$ 0.0058$ 0.0058

0.0%0.0%

2525

5.7% 5.7%

$ -573$ -573

--3.5%3.5%

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$ 2012-2013 7,288,867 2,190,248,844 0.3328 1,700,000 5,657.38$ Change 142,919 4,571,020 0.0058 - 99.33$

School Tax Levy - HistorySchool Tax Levy - History

Saddle River Board of Saddle River Board of EducationEducation

Thank You Thank You

For Your Attention!For Your Attention!

We would be pleased to answerWe would be pleased to answer

your questions.your questions.