Budget Development Time Line

September 2011 Budget data collection begins

December 2011 – March 1, 2012

CSA, BA, & BOE Finance Committee develops budget based on 2% CAP

February 21, 2012 Governor Budget Address to NJ Legislature

February 23, 2012 State Aid Figures Released

March 6, 2012 BOE approves tentative budget

March 27, 2012 Formal hearing on 2012-2013 budget

…Highly Efficient

Per Pupil Spending: Of 27 K-8 Districts in Bergen, River Vale has the 7th lowest per pupil cost!

Administrative Costs: River Vale is below regional administrative costs ($1,944 vs. $1,945)

Cost Efficiencies/Sharing Services: The River Vale Public School District is a leader in the area

of shared services by participating: – with other local public school districts for Special Education services, transportation, staff

development and training, etc.;– in a cooperative gas purchasing program through the Township of River Vale;– in a lease with the Township to have all district fields maintained by the Township;– in Bergen County Banking Consortium to secure favorable interest rates;– in Northeast School Board Insurance Group to secure best rates.

(See the district website for additional shared services)

Certificate of Excellence in Financial Reporting: Nine consecutive years!

Facility and Technology Upgrades 2011-2012

Holdrum Middle School• Repaired 140 screens• Painted ceilings and walls in room 76 and 78• New clock system installed• Principal’s office painted

Roberge Annex• New shingled roof• Renovated three second floor bathrooms making them accessible for

the disabled• Renovated Board Conference Room

Roberge Elementary School• New gym roof and relocation of unsightly duct work• New clock system installed• Repaired 121 screens

Facility and Technology Upgrades 2011-2012 con’t

Woodside Elementary SchoolWoodside Elementary School

• Relocated two preschool program classrooms from Roberge Annex

•Replaced 135 screens

•Installed new clock system

•Painted approximately 2/3 of hallways

Resolved, that there should be raised for General fund $19,291,931 for the

2012-2013 school year.

Budgeted Revenue

2011-2012 2012-2013

Budgeted Fund Balance 255,377 253,341

General Local Tax Levy 18,917,367 19,291,931

Tuition 20,000 20,000

Miscellaneous 89,913 114,900

Jobs Ed Funding 21,495 0

State Aid (*) 186,101 440,455

Federal Grants 286,311 287,375

Debt Service Local Tax Levy 964,550 966,850

TOTAL 20,741,114 21,374,852

*SDA Debt Assessment $50,531

Advertised Appropriations

BUDGET CATEGORY

2011-12

BUDGET

2012-13 PROPOSED

BUDGET%

INC/(DEC)

Instruction $8,660,424 $8,718,766 1%

Co-Curricular/Athletic Activities

$ 100,002 $ 103,961 4%

Special Education Tuition. $ 910,763 $1,005,467 10%

Support Services $1,886,197 $2,300,032 22%

Administration $5,369,312 $5,376,016 0%

Operations and Maintenance of Plant

$1,915,456 $1,902,174 -1%

Advertised Appropriations (Continued)

BUDGET CATEGORY

2011-12

BUDGET

2012-13

PROPOSED

BUDGET

%

INC/(DEC)

Student Transportation $ 534,280 $ 532,680 0%

Capital Outlay (*) $ 113,819 $ 181,531 59%

Special Revenue $ 286,311 $ 287,375 0%

Debt Services $ 964,550 $ 966,850 0%

GRAND TOTAL $20,741,852 $21,374,852 3.06%

* Includes mandated SDA Assessment of $50,531 in 2012-2013

Tax Levy Increase

General Fund Tax Levy increased $374,564

or 1.83 % over previous Tax Levy

$0.74/day $22.52/month $102.76/year

TAX IMPACT