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Budget Theme

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Budget Theme

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  1. Glen Ridge Public Schools Preliminary Budget 2011-2012 John Mucciolo, Ph.D., Superintendent of Schools Peter Caprio, Business AdministratorGlen Ridge Board of Education MembersElisabeth Ginsburg, President Karen Eisen, 1st VP Timothy Keppel, 2nd VP Michael de Leeuw Kama DishmonJeffrey Kobernick Kevin Licciardi Suzanne O’Connor Julie Raskin

  2. Budget Theme The Balance: Prudent Fiscal Management Educational Excellence

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

  4. Timeline • March 4th Submit Budget to County Office • March 28th Public Hearing to Adopt Budget • April 27th School Election

  5. Revenue History • Tax Levy • 2009-2010 – 3.88% increase • 2010-2011 – 3.26% increase • 2011-2012 – 2.00% increase • State Aid • 2009-2010: $ 788,000 (original amt $1.2M) • 2010-2011: $ 0 • 2011-2012: $ 268,000

  6. Cost to Taxpayer House Assessed at$580,225 (Average) Tax % IncreaseTax $ Increase 2.00% $ 498,666 Annual Tax Increase General Fund $233.40 Debt Service ($ 2.76) Total $230.64 or $19.22/month

  7. 2011-2012 Revenue/Expenses Revenues • State Aid $268,047 • Excess Fund Balance $886,955 • Tuition $477,405 • Misc. $ 97,800 • Education Jobs Fund Grant $ 40,266 • Tax Levy $25,431,941 • Total $27,202,414 • Last Year $26,238,418 • Comparison ($963,996) Expenses (Increases) • Special Education Tuition $ 90,715 • Transportation $ 91,630 • Salaries $438,876 • Benefits $207,191 • Capital Reserve $ 85,000 • All Other $ 50,584 • Total $963,996

  8. New Staff • 1st Grade Teacher – Linden Avenue School • High School – Math Teacher • Pre-K Teacher P/T  F/T (Linden) • Pre-K Teacher PT (Forest) • 2 Pre-K PT Aides

  9. Community Outreach • Budget presentations to community groups • Budget vote and Board of Education elections will be held on Wednesday, April 27, 2011

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