Ridgewood BOE News
June 20, 2013
Public Hearing on Refunding School Bonds in the Amount of $5,500,000 .Following a presentation by McManimon, Scotland and Baumann, LLC & Phoenix Advisors, and the opportunity for comments for the public, the Board approved a Refunding Schools Bonds ordinance, providing for the refunding of all or a portion of the outstanding callable refunding school bonds, series 2004 of the school district, dated October 15, 2004, issued in the original principal amount of $10,040,000.The purpose of the refunding is to incur an interest cost savings for the School District.The Board also approved a resolution calling for the Adoption of The Refund ing Form and Sale of School Bonds in the amount of $5,500,000.
The Board approved the contract for Daniel Fishbein, Superintendent of Schools, for the period July 1, 2013 through July 1, 2018. The contract has been approved by the
Executive County Superintendent as required by law.
The Board approved an agreement between Source4Teachers and
the Ridgewood Public Schools to provide substitute staff, including substitute teachers and paraprofessionals, to fill temporarily open positions at the request of the District on an as-needed basis, for the period July 1, 2013 through June 30, 2014.
District Leadership Structure The Board discussed a proposal by the superintendent to re-establish former administrative positions that had been previously cut due to budget constraints. The proposed phase-n plan would be to hire one of two supervisors for the 2013-2014 school year. Funding would come from breakage and extraordinary aid. The Board voted to proceed with the hiring of one supervisor, pending further discussion following the extraordinary aid announcement by the state.
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