1. GLEN RIDGE PUBLIC SCHOOLS 2016-2017 BUDGET DIRK PHILLIPS, SUPERINTENDENT OF SCHOOLS PETER CAPRIO, BUSINESS ADMINISTRATOR GLEN RIDGE BOARD OF EDUCATION MEMBERS ELISABETH GINSBURG, PRESIDENT TIMOTHY KEPPEL, 1 ST VP MICHAEL DE LEEUW, 2 ND VP DAVID CAMPBELL ALEXANDRA HILBERTH ALISON LANG PAUL ROMANO TRACEY ST. AUBURN HEATHER YAROS-RAMOS, PH.D.

2. AGENDA Budget Process Budget Detail Budget Supports Academic Programs Academic Success Community Support Questions and Answers

3. BUDGET TIMELINE Timeline Sept. 2015 – April 2016 Finance Committee Meetings Throughout the School Year to provide input and recommendations to the budget November 2016Building and Department budgets submitted to the Superintendent for review March 2016Preliminary budget approved and submitted to the County for approval March - April 2016Finance Committee continues to met and make recommendations to the budget April 25, 2016Final Budget presented to the BOE for Approval March – April 2016Public presentations

4. ENROLLMENT TRENDS

5. REVENUE HISTORY YearTax LevyState AidIncrease 2010-20113.26%$0($1.2 million) 2011-20121.00%$536,094 2012-20132.00%$720,471$184,377 2013-20142.00%$720,471$0 2014-20153.78%$758,391$37,920 2015-20162.00%$758,391$0 2016-20172.38%$780,892$22,501

6. REVENUE

7. Revenues 2015-20162016-2017% Change Budgeted Fund Balance 1,715,8531,287,332(25.00%) Local Tax Levy 27,712,89428,371,0022.38% Tuition 525,649521,287(0.80%) Rents 8,000 0 Unrestricted Misc. Revenues 96,000 0 State Aid 758,391780,8923.00% Total Grants & Entitlements 393,153377,550(3.97%) Debt Service 671,838671,088(0.10%) TOTAL 31,966,63432,113,1510.46%

8. EXPENSES

9. Expenses2015-20162016-2017% Change Instruction14,072,38114,280,4501.48% Support Services 16,244,81516,324,3220.49% Capital Expenditures 584,447459,741(21.34%) Grants & Entitlements 393,153377,550(3.97%) Debt Service671,838671,088(0.10%) TOTAL31,966,63432,113,1510.46%

10. COMPARATIVE COSTS PER PUPIL School2014-20152015-2016 Cedar Grove$13,558$14, 626 Glen Ridge$13,750$14,583 Livingston$14,735$15,282 Madison$14,629$15,153 Millburn$14,923$15,680 Montclair$15,648$15,312 Mt. Lakes$19,921$20,834 Verona$12,938$13,131 West Caldwell$13,725$14,290 State Average$14,490$15,296

11. FISCAL EFFICIENCIES JOINT SNOW REMOVAL WITH THE TOWNSHIP OF GLEN RIDGE TOWNSHIP OF GLEN RIDGE PAYS FOR TRASH REMOVAL POOLED HEALTH, DENTAL, WORKMAN’S COMP AND LIABILITY INSURANCE WITH OTHER SCHOOL DISTRICTS POOLED PURCHASING OF SCHOOL AND CUSTODIAL SUPPLIES WITH OTHER SCHOOL DISTRICTS SHARED COSTS FOR SPECIAL EDUCATION TRANSPORTATION WITH OTHER SCHOOL DISTRICTS REDUCED ENERGY COST TELECOMMUNICATIONS – REDUCED COST BY SWITCHING TO VOIP AND APPLYING FOR E-RATE DISCOUNT

12. COST TO TAXPAYER TAX LEVY CAP OF NO MORE THAN 2% FOR SCHOOL BUDGET GROWTH PURSUANT TO NJ LEGISLATION PASSED IN 2010. GLEN RIDGE HAS ELECTED TO USE $103,850 OF BANKED CAP. THE NET RESULT IS A GENERAL FUND TAX LEVY INCREASE OF 2.38%. INCREASE TO THE AVERAGE ASSESSED HOME ($543,553) IS $19/MONTH PER HOME ($228.27 ANNUALLY).

13. BUDGET DECISIONS CUT SIX (6) AIDES (KINDERGARTEN – 6 TH GRADE) ONE (1) SUPPORT STAFF POSITION GOING FROM FULL TIME TO PART TIME CUT ONE (1) PART TIME SUPPORT STAFF POSITION REDUCE SIXTH ASSIGNMENTS AT THE HIGH SCHOOL CUT TEN (10) CLUB ADVISORS AT THE HIGH SCHOOL REDUCTION IN TEXTBOOK ALLOCATION

14. BUDGET DECISIONS MAINTAINED TEACHER AT FAS (CURRENT 2 ND GRADE HAS FOUR (4) SECTIONS) INCLUDES SEVERAL MAINTENANCE PROJECTS EXPAND COURSE OFFERINGS AT GRHS PSYCHOLOGY CHINESE 3 AP COMPUTER PRINCIPALS AP MUSIC THEORY THERMODYNAMICS OF RENEWABLE ENERGY FILM MUSIC

15. MAINTENANCE/FACILITY IMPROVEMENTS PAINTING THROUGHOUT DISTRICT GRHS AC UNIT BLEACHER REPAIRS SIDEWALK REPAIRS RAS BATHROOM RENOVATION ART ROOM RENOVATION FAS MEDIA CENTER CARPET REPLACE NURSE’S OFFICE FLOOR SIDEWALK REPAIRS LAS MEDIA CENTER CARPET REPLACE FLOORING IN CLASSROOM BATHROOM

16. COLLEGE ACCEPTANCES 2015 Babson College Bard College Bentley Univ. Berry College Binghamton University Boston College Boston University Coastal Carolina Colby College Colorado College Cornell University Dickenson College Drew University Drexel University Elon University FDU Fordham Univ Georgia Inst of Tech Georgia Tech Harvard Univ Hobart & William Smith Colleges Ithaca College Lawrence College Lehigh University Lesley University Miami Univ of OH Michigan St Univ Millersville Univ Muhlenberg NYU NJIT Northeastern Univ Parsons Penn State Univ Purdue University Queens Univ of Charlotte Quinnipiac Univ Rowan University Royal Acd of Music Rutgers Univ Sacred Heart Univ Salisbury Univ Scranton Univ Seton Hall Univ St. Peter's Univ Stevens Institute SUNY Cortland SUNY Potsdam Susquehanna U Temple University Univ of Arizona Univ of Delaware Univ of Denver Univ of Hartford Univ of Maryland Univ of Mass – Amherst Univ of Notre Dame Univ of Rhode Island Univ of Twente Univ of Vermont Univ of Virginia

17. GRPS RECOGNITION 2016 US NEWS AND WORLD REPORT HS RANKINGS (GRHS DESIGNATED AS A GOLD SCHOOL) 26 TH IN NEW JERSEY 415 TH NATIONALLY PARCC 9 TH GRADE HIGHEST LANGUAGE ARTS SCORES IN THE STATE 10 TH GRADE 2 ND HIGHEST LANGUAGE ARTS SCORES IN THE STATE 5 TH GRADE 6 TH HIGHEST MATH SCORES IN THE STATE AP HONOR ROLL FOR TWO CONSECUTIVE YEARS INCREASED NUMBER OF AP TESTS AND STUDENTS TAKING TEST (2016: 434 EXAMS, 180 STUDENTS)

18. COMMUNITY SUPPORT ALTERNATIVE FUNDING ART PARENTS ASSOCIATION ATHLETIC TEAMS BOOSTER CLUBS GLEN RIDGE EDUCATION FOUNDATION HOME & SCHOOL ASSOCIATIONS MUSIC PARENTS ASSOCIATION PRIVATE DONATIONS

19. BOARD BUDGET ADOPTION MONDAY, APRIL 25, 2016