1. Saddle River Board of Education 2009-2010 Budget Presentation April 2, 2009

2. 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

3. Saddle River BOE Budget 2009-2010 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

4. 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

5. 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

6. 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 $246.16 annual increase for “average” $1.7MM assessed home $246.16 annual increase for “average” $1.7MM assessed home Tax dollars per enrolled student is down $428 or (2.8% ) from 2008-2009 Tax dollars per enrolled student is down $428 or (2.8% ) from 2008-2009

7. Pupil Enrollment Enrollment Category 10-15-200710-15-200810-15-2009% Pre-K Part Time Pre-K Full Time Regular Full Time 2401911701911014191(41.2)-0 Special Full Time 152015(25.0) Private School Placements 5330 Sent to Other Districts– Regular Ed. Smith Smith Ramsey HS Ramsey HS NHRHS NHRHS6628667828551803066-2.67.120.0 Sent to Other Districts– Special Ed. Smith Smith Ramsey HS Ramsey HS NHRHS NHRHS Other Other125101412271317391741.750.028.630.8 Total4364264567.0%

8. Revenue Where the $ Comes From… Major Category 2009-2010% Budgeted Fund Balance 895,47910.9% Local Tax Levy 6,672,22081.5% Misc. Income, Interest on Investments 191,0002.3% State Aid 432,1375.3% TOTAL GENERAL FUND $8,190,836100.0%

9. Revenue 2009-2010 General Fund Total: $8,190,836

10. Appropriations Where the $ Goes … Major Category 2009-2010% Salaries$3,016,13536.8% Tuition to receiving districts 2,085,46025.4% 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 $8,190,836100.0%

11. Appropriations 2009-2010 General Fund total: $8,190,836

12. Previous Year Comparison - Appropriations Major Category 2008-2009Forecast2009-2010Budget Bud – Fcst % Tuition$2,399,801$2,840,589$440,78818.4% Salaries2,886,0723,016,135130,0634.5 Benefits638,242755,129116,98718.3 Transportation558,267591,08132,8145.9 Maintenance & Insurance 308,201338,46230,2619.8 Instruction & CST Support 471,750584,396112,64623.9 Administration88,21065,045(23,165)(26.3) Total General Fund $7,350,543$8,190,836$840,29411.4% Enrollment426456307.0 General Fund/ # Enrolled 17,25517,9627074.1%

13. School Budget Impact on Taxes Year* School Tax Levy Total Borough Assessments School Tax Rate (x 100) Enroll ment Tax levy/ # Enrolled 2005-2006$5,879,275$1,986,989,500 $ 0.2959 422$13,932 2006-2007$6,289,800$2,068,319,000 $ 0.3041 445$14,134 2007-2008$6,289,800$2,131,618,846 $ 0.2951 436$14,426 2008-2009$6,415,596$2,143,209,753 $ 0.2993 426$15,060 2009-2010$6,672,220$2,187,463,453 $ 0.3050 456$14,632 Change % Change $ 256,624 4.0% 4.0% $ 44,253,700 2.1% 2.1% $ 0.006 1.9% 1.9%307.0% ($ 428) ( 2.8%)

14. School Tax Levy - History

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