STORM UPDATE❄️: Due to the storm, the Ridgewood Public Schools will be CLOSED on Wednesday, March 21. All before and after-school activities are also canceled. Please stay safe and warm!

 

2018-2019 PROPOSED PRELIMINARY BUDGET
Click here to view the budget presentation.

The Board approved the following to Resolution on the 2018-219 proposed preliminary budget, which represents a 3.62% increase in the tax levy:

i. Approval: Resolution for Adoption of the 2018-2019 Proposed Preliminary Budget for Submission to the Executive County Superintendent of Schools

WHEREAS, in accordance with N.J.A.C. 6A:23-A-10.3(b), a district can request use of banked cap only after it has fully exhausted all eligible statutory spending authority in the budget year;

THEREFORE, BE IT RESOLVED, that the 2018-2019 school year budget includes allowable health care adjustments in the amount of $1,066,597 in accordance with N.J.S.A 18A:7F-39(e); and

BE IT FURTHER RESOLVED, that the 2018-2019 school year budget includes banked cap, in the amount of $415,090 in accordance with N.J.S.A 18A:7F-39(e); and

BE IT FURTHER RESOLVED, that the Ridgewood Board of Education approves the 2018-2019 school district proposed preliminary budget, as follows, for submission to the Executive County Superintendent of Schools:

                                                                            Budget       Tax Levy
General Fund
                                                                   $105,180,990
                                                                                                 $94,831,243
Special Revenue Fund
                                                                           1,301,871
                                                                                                                     0
Debt Service Fund
                                                                         3,685,136
                                                                                                         3,164,901
Total Budget
                                                                  $110,167,997
                                                                                                       $97,996,144

The district has proposed programs and services in addition to the Core Curriculum Content Standards adopted by the State Board of Education.

Information on this budget and the programs and services it provides is available from the school district.

There should be raised for the General Fund Tax Levy $94,831,243 for the ensuing School Year: (2018-2019).

The General Fund includes $100,000 which is to be withdrawn from Emergency Reserve and $50,000 which is to be withdrawn from Maintenance Reserve.

CAPITAL RESERVE STATEMENT OF PURPOSE

Included in budget line 620, Budgeted Withdrawal from Capital Reserve – Excess Cost & Other Capital Projects, is $1,500,000 for the following construction projects:
• Education Center Window Replacement
• Paving and Sidewalk Repair Throughout the District
• Ridgewood High School Heating Pipe Renovation
• School Lock Down Security System

The total cost of these projects represents expenditures for construction elements or projects that are in addition to the facilities efficiency standards determined by the Commissioner as necessary to achieve the core curriculum content standards.