Saddle River Board of Education Budget Presentation April 2, 2009

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

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

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

Economic Challenges Special Education Placements Rising Special Education Placements Rising Increasing Benefits Costs Increasing Benefits Costs Fixed Contractual Salaries Fixed Contractual Salaries Migration from Private to Public Schools Migration from Private to Public Schools Decreasing State Aid and Increasing State- Mandated Costs, i.e. Pension Contributions Decreasing State Aid and Increasing State- Mandated Costs, i.e. Pension Contributions

Budget Highlights Projected 7.0% total enrollment increase Projected 7.0% total enrollment increase Total tuition expense: increase by 23.1% Total tuition expense: increase by 23.1% To Receiving Districts: +$325K or 18% To Receiving Districts: +$325K or 18% Special Education Placements: +$208K or 38% Special Education Placements: +$208K or 38% Utilizing $536K of this year’s budget to fund next year, Utilizing $536K of this year’s budget to fund next year, i.e. Budgeted Fund Balance i.e. Budgeted Fund Balance Budgeted 4% tax levy increase Budgeted 4% tax levy increase $ annual increase for “average” $1.7MM assessed home $ annual increase for “average” $1.7MM assessed home Tax dollars per enrolled student is down $428 or (2.8% ) from Tax dollars per enrolled student is down $428 or (2.8% ) from

Pupil Enrollment Enrollment Category % Pre-K Part Time Pre-K Full Time Regular Full Time (41.2)-0 Special Full Time (25.0) Private School Placements 5330 Sent to Other Districts– Regular Ed. Smith Smith Ramsey HS Ramsey HS NHRHS NHRHS Sent to Other Districts– Special Ed. Smith Smith Ramsey HS Ramsey HS NHRHS NHRHS Other Other Total %

Revenue Where the $ Comes From… Major Category % Budgeted Fund Balance 895, % Local Tax Levy 6,672, % Misc. Income, Interest on Investments 191,0002.3% State Aid 432,1375.3% TOTAL GENERAL FUND $8,190, %

Revenue General Fund Total: $8,190,836

Appropriations Where the $ Goes … Major Category % Salaries$3,016, % Tuition to receiving districts 2,085, % Tuition for Special Education Placements 757,0299.2% Benefits755,1299.2% Transportation591,0817.2% Instruction And Child Study Team Services 582,4967.1% Maintenance & Insurance 338,4614.1% Administration65,0450.8% Total General Fund $8,190, %

Appropriations General Fund total: $8,190,836

Previous Year Comparison - Appropriations Major Category Forecast Budget Bud – Fcst % Tuition$2,399,801$2,840,589$440, % Salaries2,886,0723,016,135130, Benefits638,242755,129116, Transportation558,267591,08132, Maintenance & Insurance 308,201338,46230, Instruction & CST Support 471,750584,396112, Administration88,21065,045(23,165)(26.3) Total General Fund $7,350,543$8,190,836$840, % Enrollment General Fund/ # Enrolled 17,25517, %

School Budget Impact on Taxes Year* School Tax Levy Total Borough Assessments School Tax Rate (x 100) Enroll ment Tax levy/ # Enrolled $5,879,275$1,986,989,500 $ $13, $6,289,800$2,068,319,000 $ $14, $6,289,800$2,131,618,846 $ $14, $6,415,596$2,143,209,753 $ $15, $6,672,220$2,187,463,453 $ $14,632 Change % Change $ 256, % 4.0% $ 44,253, % 2.1% $ % 1.9%307.0% ($ 428) ( 2.8%)

School Tax Levy - History

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