Budget Theme

Glen Ridge Public SchoolsGlen Ridge Public Schools Preliminary Budget 2011-2012 Preliminary Budget 2011-2012

John Mucciolo, Ph.D., Superintendent of Schools John Mucciolo, Ph.D., Superintendent of Schools Peter Caprio, Business AdministratorPeter Caprio, Business Administrator

Glen Ridge Board of Education MembersGlen Ridge Board of Education MembersElisabeth Ginsburg, President Elisabeth Ginsburg, President

Karen Eisen, 1Karen Eisen, 1stst VP VP Timothy Keppel, 2 Timothy Keppel, 2ndnd VP VP

Michael de Leeuw Michael de Leeuw Kama DishmonKama Dishmon

Jeffrey Kobernick Jeffrey Kobernick Kevin Licciardi Kevin Licciardi

Suzanne O’Connor Suzanne O’Connor Julie RaskinJulie Raskin

Budget ThemeBudget Theme

The Balance: The Balance: Prudent Fiscal ManagementPrudent Fiscal Management

Educational ExcellenceEducational Excellence

Preliminary BudgetPreliminary BudgetThe purpose of tonight’s meeting is to present to the The purpose of tonight’s meeting is to present to the Board of Education the 2011-2012 Glen Ridge Public Board of Education the 2011-2012 Glen Ridge Public Schools Preliminary Budget.Schools Preliminary Budget.

TimelineTimeline

March 4March 4thth Submit Budget to County Office Submit Budget to County OfficeMarch 28March 28thth Public Hearing to Adopt Budget Public Hearing to Adopt BudgetApril 27April 27thth School Election School Election

Revenue HistoryRevenue History

Tax LevyTax Levy2009-2010 – 3.88% increase2009-2010 – 3.88% increase2010-2011 – 3.26% increase2010-2011 – 3.26% increase2011-2012 – 2.00% increase2011-2012 – 2.00% increase

State AidState Aid2009-2010: $ 788,000 (original amt $1.2M)2009-2010: $ 788,000 (original amt $1.2M)2010-2011: $ 02010-2011: $ 02011-2012: $ 268,0002011-2012: $ 268,000

Cost to Taxpayer House Assessed atCost to Taxpayer House Assessed at$580,225 (Average)$580,225 (Average)

Tax % IncreaseTax % Increase Tax $ IncreaseTax $ Increase2.00%2.00% $ 498,666$ 498,666

Annual Tax IncreaseAnnual Tax Increase General FundGeneral Fund $233.40$233.40Debt Service ($ 2.76)Debt Service ($ 2.76)TotalTotal $230.64 or $19.22/month$230.64 or $19.22/month

2011-2012 Revenue/Expenses2011-2012 Revenue/ExpensesRevenuesRevenues

State Aid State Aid $268,047 $268,047 Excess Fund Balance Excess Fund Balance $886,955$886,955TuitionTuition $477,405$477,405Misc.Misc. $ 97,800 $ 97,800Education Jobs Fund GrantEducation Jobs Fund Grant $ 40,266$ 40,266Tax Levy Tax Levy $ $25,431,94125,431,941TotalTotal $27,202,414 $27,202,414Last YearLast Year $26,238,418$26,238,418ComparisonComparison ($963,996) ($963,996)

ExpensesExpenses (Increases) (Increases)

Special Education Tuition Special Education Tuition $ 90,715 $ 90,715TransportationTransportation $ 91,630 $ 91,630SalariesSalaries $438,876 $438,876BenefitsBenefits $207,191$207,191Capital ReserveCapital Reserve $ 85,000 $ 85,000All Other All Other $ 50,584$ 50,584TotalTotal $963,996 $963,996

New StaffNew Staff

11stst Grade Teacher – Linden Avenue Grade Teacher – Linden Avenue SchoolSchoolHigh School – Math TeacherHigh School – Math TeacherPre-K Teacher P/T Pre-K Teacher P/T F/T (Linden) F/T (Linden)Pre-K Teacher PT (Forest)Pre-K Teacher PT (Forest)2 Pre-K PT Aides2 Pre-K PT Aides

Community OutreachCommunity OutreachBudget presentations to community groupsBudget presentations to community groups

Budget vote and Board of Education elections Budget vote and Board of Education elections will be held on will be held on

Wednesday, April 27, 2011Wednesday, April 27, 2011