Saddle River Board of Education Budget Presentation March 29, 2012

Saddle River Board of Education Board Members Keith Pennell, President Henry Senger, Vice President Rosemarie Arnold Irene Feldsott John LaSalandra 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 Continue To Provide Most Exceptional Educational Opportunities for All Saddle River Students Continue To Provide Most Exceptional Educational Opportunities for All Saddle River Students Continue To Fund Initiatives Designed To Enhance Instruction and Maintain the “Total Wandell School Experience” Continue To Fund Initiatives Designed To Enhance Instruction and Maintain the “Total Wandell School Experience” Provide the Funding for Anticipated Increases in Enrollment, Regular and Special Education, Tuition, and Personnel Costs, i.e. Benefits Provide the Funding for Anticipated Increases in Enrollment, Regular and Special Education, Tuition, and Personnel Costs, i.e. Benefits Control and Maintain an efficient spending plan and fiscally responsible Budget Control and Maintain an efficient spending plan and fiscally responsible Budget

Economic 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 Education Placement costs Meeting anticipated Enrollment and Special Education Placement costs Greater Tuition Costs Greater Tuition Costs Ever-Increasing Benefits Costs Ever-Increasing Benefits Costs Funding of State Mandated Programs Funding of State Mandated Programs

Budget Highlights Budgeted 2% tax levy increase Budgeted 2% tax levy increase We Are Utilizing $200K of this year’s budget to fund next year’s, We Are Utilizing $200K of this year’s budget to fund next year’s, i.e. Budgeted Fund Balance $99 annual increase for “average” $1.7MM assessed home $99 annual increase for “average” $1.7MM assessed home “School Tax Assessment on Average Home” per enrolled student has decreased slightly from (463 vs 438 total enrollment) “School Tax Assessment on Average Home” per enrolled student has decreased slightly from (463 vs 438 total enrollment)

Pupil Enrollment Enrollment Category % Pre-K Part Time Pre-K Full Time Regular Full Time Special Full Time Private School Placements 325 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 537,2926.5% Local Tax Levy 7,288, % Misc. Income, Interest on Investments 138,5001.7% Extraordinary Aid (Special Education) 93,1071.1% State aid 202,0262.4% Education jobs fund 11,0260.1% TOTAL GENERAL FUND $8,270, %

Revenue General Fund Total: $8,

Appropriations Where the $ Goes … Major Category % Salaries$3,073, % Tuition to receiving districts 2,483, % Benefits996, % Instruction And Child Study Team Services 513,7146.2% Tuition for Special Education Placements 542,0206.6% Transportation419,4595.1% Maintenance, Utilities & Insurance 190,9792.3% Administration51,1000.6% Total General Fund $8,270, %

Appropriations General Fund total: $8,270,817

Previous Year Comparison - Appropriations Major Category Forecast Budget Bud – Fcst % Tuition$2,526,460$3,025,157$498, Salaries3,309,6413,073, , Benefits (net) 947,597997,21249, Maint., Util. & Insurance 199,840190,979-8, Instruction & CST Support 543,078513,714-29, Transportation435,000419,459-15, Administration76,45051,100-25, Total General Fund $8,038,066$8,270,817232, Enrollment General Fund/ # Enrolled 18,35217,864

School Budget Impact on Taxes Year* School Tax Levy Total Borough Assessments School Tax Rate (x 100) Enroll ment Tax levy/ # Enrolled $6,289,800$2,131,618,846 $ $14, $6,415,596$2,143,209,753 $ $15, $6,672,220$2,187,463,453 $ $15, $7,005,831$2,184,977,412 $ $15, $7,145,948$2,185,677,824$ $16, $7,288,866$2,190,248,844$ $15,742 Change % Change $ 142, % 2.0% $ 4,571,020.2%.2% $ % 0.0% % 5.7% $ % -3.5%

School Tax Levy - History

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