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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