Allendale-Upper Saddle River School District Budget Overview 2023-2024

2023 2023 - - 2024 Presentation Presentation Mrs. Christine Ferrarie Board President Mr. James Mulvey Finance Committee Chair Dr. Scot Beckerman Superintendent Ms. Sue Anne Mather Business Administrator 2024 Budget Budget

5 Areas of Budget Presentation 1. What the budget covers 2. Where the money comes from 3. Where the money is allocated 4. Tax Implications for Allendale and Upper Saddle River 5. Referendum (Timeline & Impact) 2 2

What Does This Budget Support ? Continuation all current levels of Programs and Services Continuation of all Sports (29 sports with over 50 levels/teams in Fall, Winter & Spring) Continuation of 60+ Clubs/Activities (DECA, Model UN, Marching Band, etc.) Continuations of the College Dual Enrollment Programs (FDU, Rutgers, BCC, Syracuse, Ramapo) Continuation of CAP Program (Option II) opportunities: Internships, Independent Studies, Community Service, Online Courses, Seated College Courses, Associates Degrees, CTE, Travel Abroad Continuation Wellness Program (Supervisor of Wellness, Wellness Room & 2 School Student Assistance Coordinators). Addition of parent and summer opportunities. Increase of staffing based on student needs Summer Academy (expanded) Red = New opportunities for 2022/2023 3 3

FY FY 2023 2023 - - 2024 2024 Budget Overview Budget Overview The proposed budget, including Federal Grants and Debt Service, totals $38,656,845 The combined local levy and debt levy reflect a total increase of 2.00% over last year plus $412,595 (1.71%) adjustment for increase in health care costs The proposed budget supports the education of approximately 1339 students: in- district (1304 registered in-district student s presently scheduled for 23-24) as well as special needs out-of-district and those at Bergen Academy The proposed budget supports 190 FTE staff and maintains all current levels of programs and services (-1 Technology Position, +1 Facilities Position) The proposed budget is $1,152,486 over the current year s budget - excluding capital projects The proposed budget reflects $1,466,001 in State aid which is an increase of $146,320 compared to FY 2023 On the expense side, the major driver is contractual increases for salaries, transportation and health benefits. In addition, there is a withdrawal of $2,033,795 from Capital Reserve for Capital Projects 4 4

Debt Service Existing Debt Service and date of expiration Project Project Cost Year Bond Paid Off Roof Replacement $2,760,000 2024 2022 Referendum $8,827,053 2037 Referendum Projects Include: Field Drainage/Synthetic Turf Upgrade Multi-Purpose Field House Development Classroom Conversion TVP Room Upgrade Art Room Upgrade Planetarium Upgrade Media Center Upgrade 5 5

Referendum Timeline Update Project Status Important Dates Multi-Purpose Turf Field RFP Development in Progress RFP In May/June 2023 Completion by Spring 2024 Multi-Purpose Field House Construction Phase March 2024 Completion Art Room Update In Design Phase October 2023 RFP June 2024 Construction Planetarium Update In Design Phase *In discussion on moving up project due to projector needs TV Production Studio Update In Design Phase October 2023 RFP June 2024 Construction Media Center Update In Design Phase October 2023 RFP June 2024 Construction Classroom Conversion In Design Phase October 2023 RFP June 2024 Construction 6 6

Capital Projects for 2023-2024 Construct Ticket Booth, including electric and walkways Construct Field House, including fitness equipment, security alarm, furniture, infrastructure Reflection Garden JV Scoreboard Interior doors HVAC Controls New kitchen sink supply line Dumpster pads Resurface/repair D-Zones *ROD (Regular Operating District) Grant applied for several projects 7 7

Revenue 2023-2024 Tuition 16% Tax Levy 65% Debt Service 4% Bugeted Fund Balance 3% State Aid 4% Extraordinary Aid 0% Other Revenue 8% 8 8

Where the Money Comes From REVENUE DETAIL 2022-23 vs. 2023-24 REVISED 2022-23 BUDGETED 2023-24 $ +/- % +/- Tax Levy 24,104,816 24,999,507 894,691 3.71% Tuition 5,874,317 6,028,825 154,508 2.63% Debt Service 1,237,189 1,370,538 133,349 10.78% Budgeted Fund Balance 1,032,295 1,108,551 76,256 7.39% State Aid 1,319,681 1,466,001 146,320 11.10% Extraordinary Aid 100,000 125,000 25,000 25.00% Federal Programs 1,148,458 308,968 -839,490 -73.10% Misc. Revenue 117,000 275,000 158,000 135.04% Interest Income 7,460 7,460 0 0.00% Withdrawal: Capital Reserve 578,000 2,033,795 1,455,795 251.87% SDA Emergent Needs & Capital Maint. 36,002 0 -36,002 -100.00% Reserve - Prior Year Encumbrance 889,895 0 -889,895 -100.00% Student Activity Fund Revenue 900,000 900,000 0 0.00% Scholarship Fund Revenue 33,278 33,200 -78 -0.23% TOTAL 37,378,391 38,656,845 1,278,454 3.42% 9 9

Allocations 2023-2024 Administration 5% Attendance, Media, Health, Technology, Professional Development 2% Operations 8% Benefits 13% Special Instruction 7% Debt Service 4% Co-Curricular plus Athletics 4% Transportation 5% Fund 12 8% Regular Instruction, 30% Fund 20 Special Revenue 3% Curriculum 1% Tuition - Regular 1% Guidance 3% Tuition - Special 6% 10 10

How the Funds Are Allocated EXPENSE DETAIL 2022-23 vs. 2023-24 REVISED 2022-23 BUDGETED 2023-24 $ +/- % +/- Instruction - Regular 11,923,669 11,577,138 -344,531 -2.91% Instruction - Special 2,460,487 2,562,468 101,981 4.15% Tuition Regular 358,344 414,000 55,656 15.53% Tuition - Special 2,304,099 2,351,438 47,339 2.00% Benefits 4,337,643 5,034,463 696,820 16.06 Operation of Plant 3,095,381 3,167,467 72,086 2.33% Administration 1,948,476 1,902,795 -45,681 -2.34% Attendance, Health, Media & Tech. 806,683 926,894 120,211 14.90% Debt Service 1,237,189 1,370,538 133,349 10.78% Co-Curricular and Athletics 1,477,724 1,450,655 -27,069 -1.83% Guidance 979,911 1,067,477 87,566 8.94% Curriculum 303,700 378,158 74,458 24.52% Transportation 1,878,957 2,039,686 160,729 8.55% Fund 12 Equipment & Capital Outlay 2,067,575 3,092,115 1,024,540 49.5% Fund 20 Special Revenue 2,117,738 1,242,168 -875,570 -41.37% Misc. & Staff Training 80,815 79,385 -1,430 -1.75% TOTAL 37,378,391 38,656,845 1,278,454 3.42% 11 11

A Continuing Challenge to Public Education: State Aid An Eight Year Trend CATEGORICAL STATE AID FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY23-24 TRANSPORTATION $100,760 $100,760 $272,216 $272,216 $272,216 $272,216 $272,216 $393,242 SPECIAL EDUCATION 386,701 386,701 437,417 527,552 572,082 783,459 969,794 990,199 SECURITY 77,671 77,671 77,671 77,671 77,671 77,671 77,671 82,560 OTHER 31,140 31,140 0 0 20,684 0 0 0 596,272 596,272 787,304 877,439 942,653 1,133,346 1,319,681 1,466,001 TOTALS WHAT THE STATE TAKES BACK: PERS APPROPRIATION (253,098) (287,566) (303,021) (347,000) (337,862) (367,304) (400,575) (420,000) NET STATE AID AVAILABLE BY SCHOOL YEAR $343,174 $308,706 $484,283 $530,439 $604,791 $766,042 $919,106 $1,046,001 12 12

Anticipated Special Education Costs Anticipated Special Education Costs for for 2023 2023 - - 2024 2024 Approximately 179 students between the ages of 14 and 21 receive services; of those 35 receive services out-of-district (23/34 is the last year which under state guidance students may receive services until 22) $ 5,613,795 or 14.5% of the total annual current expense budget is spent for Special Education In-district salaries total $ 2,389,748 (excludes benefits) Out-of-district tuition costs total $ 2,351,438 Out-of-district transportation costs total $ 763,098 Extraordinary and Related services total $ 410,535 13 13

Transportation Transportation The proposed FY 2023-24 transportation budget is $ 2,039,686, an increase of $ 160,729 from FY 2022-23 revised budget. The following services are included: Special Education out-of-district busing Aid In Lieu payments Mandatory busing Athletic event transport Field trip transport The transportation budget assumes renewal of existing transportation routes at a CPI % increase of 5.86%. 14 14

Resident Enrollment Ratio History ENROLLMENT - # STUDENTS EQUAL. VALUE - % SHARE ENROLLMENT - % STUDENTS Allendale USR TOTAL Allendale USR TOTAL Allendale USR TOTAL 2005 442.0 476.0 918.0 40.54% 59.46% 100% 48.15% 51.85% 100 % 2010 520.5 533.0 1,053.5 42.99% 57.01% 100% 49.41% 50.59% 100 % 2015 462.0 586.0 1,048.0 39.33% 60.67% 100% 44.08% 55.92% 100 % 2020 463.0 539.5 1,002.5 40.81% 59.19% 100% 46.18% 53.82% 100 % 2021 449.0 520.0 969.0 40.83% 59.17% 100% 46.34% 53.66% 100 % 2022 413.0 484.0 897.0 41.67% 58.33% 100% 46% 54% 100 % 2023 404.0 511.0 915.0 40.60% 59.40% 100% 44% 56% 100% 15 15

The State Determines Levy Allocation The State Determines Levy Allocation per State Statute: N.J.S.A. 18A:13 per State Statute: N.J.S.A. 18A:13- -23 23 2023-24 SFRA Allocation of Equalized Valuation ELEMENTARY ENROLLMENT 10-14-22 REGIONAL ENROLLMENT 10-14-22 ELEMENTARY EQUALIZED VALUATION 2023-24 PERCENT SHARE DIST NUM EQUAL. VAL. OF MUNICIPALITY ELEMENTARY PERCENT REGIONALIZED VALUATION MUNICIPALITY 0040 ALLENDALE 2,075,848,594 893.00 412.00 68.43 1,420,503,193 655,345,401 40.6005218 5330 UPPER SADDLE RIVER 2,996,203,396 1,073.00 505.00 68.00 2,037,418,309 958,785,087 59.3994782 3700 NORTHERN HIGHLANDS REG. 5,072,051,990 1,966.00 917.00 3,457,921,502 1,614,130,488 100.0000000 2022-23 SFRA Allocation of Equalized Valuation ELEMENTARY ENROLLMENT 10-15-21 REGIONAL ENROLLMENT 10-15-21 ELEMENTARY EQUALIZED VALUATION 2022-23 PERCENT SHARE DIST NUM EQUAL. VAL. OF MUNICIPALITY ELEMENTARY PERCENT REGIONALIZED VALUATION MUNICIPALITY 0040 ALLENDALE 1,918,069,429 860.00 432.00 66.56 1,276,667,012 641,402,417 41.6690441 5330 UPPER SADDLE RIVER 2,773,789,176 1073.00 513.50 67.63 1,875,913,620 897,875,556 58.2933706 3700 NORTHERN HIGHLANDS REG. 4,691,858,605 1933.00 945.50 3,152,580,632 1,539,277,973 100.000000 16 16

Allendale Tax Rate Computation School Year 2022-23 2023-24 Difference Tax Needs General Fund $10,044,246 $10,149,930 $105,684 Tax Needs- Debt Service $463,826 $447,230 -$16,596 Total Tax Needs $10,508,072 $10,597,160 $89,088 Assessed Taxable Values $1,919,752,300 $2,035,931,500 School Tax Rates 0.547366 0.5205067 -.021696 Percent Share of Budget 42% 41% -1% % Tax Levy .86% .85% Two-Year Average .855% Allendale typical home tax impact Tax Paid 2023-24 $2,602.53 $3,123.04 $3,643.55 $4,012.55 $4,164.05 $4,684.56 $5,205.07 Home Value $500,000 $600,000 $700,000 $770,893 $800,000 $900,000 $1,000,000 Tax Paid 2022-23 $2,736.83 $3,284.20 $3,831.56 $4,219.61 $4,378.93 $4,926.29 $5,473.66 Tax Increase/(Decrease) (134.30) (161.16) (188.02) (207.06) (214.87) (241.73) (268.59) 17 17

USR Tax Rate Computation School Year 2022-23 2023-24 Difference Tax Needs General Fund $14,060,570 $14,849,577 $789,007 Tax Needs- Debt Service $649,293 $654,307 $5,014 Total Tax Needs $14,709,863 $15,503,884 $794,021 Assessed Taxable Values $2,277,737,802 $2,344,078,002 School Tax Rates .01558 0.64583 0.66141 Percent Share of Budget 58% 59% 1% % Tax Levy .92% 5.4% Two-Year Average 3.16% Upper Saddle River typical home tax impact Tax Paid 2023-24 $3,307.03 $3,968.44 $4,629.85 $5,072.67 $5,291.25 $5,952.66 $6,614.07 Home Value $500,000 $600,000 $700,000 $766,952 $800,000 $900,000 $1,000,000 Tax Paid 2022-23 $3,229.19 $3,875.03 $4,520.87 $4,953.27 $5,166.71 $5,812.55 $6,458.39 Tax Increase $77.84 $93.41 $108.98 $119.40 $124.54 $140.11 $155.68 18 18

Student Achievements: 97% Class of 2022 attending college 73% of students obtained Honor roll status for 2021-22 school year 505 Honor Roll (Minimum all A s and B s) 461 High Honor Roll (Minimum All A s and 1 B) 26% of students are enrolled in elective dual enrollment classes 50% of students in grades 9-12 took AP exams in May 2021. (657 students took 849 exams. 87% scored 3 or higher) 67 students named as AP Scholars 21 National Merit Scholarship commended scholars 19 19

THANK YOU FOR YOUR SUPPORT! TOGETHER, WE MAKE A DIFFERENCE IN THE LIVES OF THE NORTHERN HIGHLANDS STUDENTS.