001thank you Mr Roman Gino I'd like to read a quick statement if I make in New Jersey open public meetings law was enacted to ensure the right to the public web Advance known something to attend the meeting of public bodies in which any business affecting their interest to discussed or acted upon points with the provision after sex because I've probably caused notice in this meeting to be published by having a daytime employees there are posted in the office of the borough Clerk or a library for a Rec Department the office of the Board of Ed and the offices of school numbers 3456 and the high schools January 4th 2023 and noticeable forwarded to the reportage of the record January 4 2023 this is an official meeting like to take the role of my name is
002the Roman Gino Mrs Abreu here Mr capano here Mrs Fredo here Mr Garcia Mr nadrew that's the pantaliano yes Mr Russo here Mr Shelley yes thank you everyone and as Mr Roman Gino stated I'm going to take quickly through the 2023-2024 budget again I'd like to thank the board and Mr Roman Gino for all their support during this process obviously the business office all our staff and obviously our uh our taxpayers and I've just a little note to our taxpayers and to everyone we'd love to have you come out and vote on April 25th 2023 for the budget and with that I'll get started so again overall the overall budget for 2023 was approximately 66.6 million dollars I'll go through some of the appropriation which are expenses and revenue Deltas year over year to folks
003who understand some of the key trends we had about 35.5 million dollars in our tax levy I'll go over how that impacted the tax payer based on an average home assessed value we are taking on quite a bit of capital projects again these are projects that many of them have to go out to bid in 23 and 24. it is our hope we have the bid opening for a few of our projects on April 19th we will keep the board and everyone a prize of how those bid openings went we have gym Lobby renovation we are replacing our steel Tower doors and three school for school and six school we'll be doing some brick and masonry work at six school and we'll be replacing our rooftop units at number six School we're going to be
004doing over three million dollars worth of projects hopefully based on the bid outcome in the summer of 2023. some of the expenses and appropriation Trend analyzes year over year one of the key items that went up probably a million and a half to two million dollars is what we call construction and instruction encompasses our regular and special education salaries and our tuition paid to other schools for special needs that is the line item that continues to challenge us as we incrementally send more students out of District the tuition paid to those schools is significant so that continues to challenge the budget one of the other items that really challenged the budget this year is that our medical and prescription went up anywhere between 12 and 15 percent year over year and that was near nearly
005a million dollars in Gross dollars that went up year over year so very impactful on the budget instructional support things like otpt purchase Professional Services for our child study and our special needs group also significantly went up year over year again special needs as a whole continues to challenge the budget and our our grant funding is pretty flat because we've had our in our Esther II funds are still going through the the process in regard to we have I believe in Esser 2 who's throwing machine I'm wrong I believe it's September 2023 and the American Rescue plan which is called Arc we have until September 2024. spend all those funds we're going through them at a pretty good clip so that's kind of the overall the expense component again year over year it's gone up
006about four four and a half million dollars again big chunk of it comes from Special Needs in regards to tuition paid to other schools support services and employee benefits prescription and medical have gone up significantly that's the major Deltas that have driven the expense component when you're comparing last year to this year in regard to revenues I mentioned that the tax levy is approximately 30 38 million five hundred thousand dollars in regard to an impact on the taxpayer that's right on the two percent cap which we are allowed by reg in regard to increased year over year so our tax levy has increased two percent year over year on a home value of approximately three hundred seventy five thousand dollars that will increase taxpayer per annum cost of about ninety five dollars per annum obviously
007if your home is worth less or more it's linear if your home is worth double that it could be approximately 190 dollars impact based on the tax levy increase of two percent year over year the absolute increase was approximately 750 000 year over year um another key income Revenue component was our transportation and miscellaneous Revenue are actually our transportation revenue is down year over year about 200 000 that's because we essentially lost to Fort Lee business uh we are in the process of trying to get some or all of that business back working with Glenn and um and Fort Lee in regard to hopefully getting some or all of that business back one key line item that went up to the good approximately 650 or seven hundred thousand dollars year over year is it the
008tuition we receive we receive from Fairview there's a couple of dynamics that are driving that based on we do an analysis with our HR Group and our own analytics internally in the business office of how many students in Fairview are going to be graduating and how many are coming in as Freshmen so we did this analysis and it looks like approximately we'll have incrementally 15 more students coming in September than we had last September so given that we have we charge Fairview tuition for our students so we could have incrementally 15 more and we've got a slightly higher rate that we charge year over year due to inflationary Dynamics so net net with that has really driven our tuition Revenue up uh year over year one other item that was really a key driver this
009year and we're trying to figure out kind of the trend analysis we haven't quite figured out the Dynamics of why our state aid goes up and down like an EKG an example of last year we had what we call Equalization Aid was down almost half a million dollars year over year we never really figured out the why behind it there's a formulaic math that happens year over year that create state aid but our Dynamics haven't changed in regard to the type of special needs students ell students really the whole kind of demographic and dynamic of our business hasn't really changed much but last year we lost about half a million dollars in Equalization Aid this year we got approximately two million dollars incrementally higher year over year but again we're essentially the same business so
010we're trying to work with with the state and our own tax assessor to kind of figure out the whys but right now as we'll take the incremental dollars uh really helped us cover some of our incremental courts that I mentioned the million dollar increase in prescription and medical and the increase in out of District tuition for child study teams so that really helped us close our Gap so net net like I said we balance with about 66.6 million in total in regard to our budget dollars so we believe it's a budget that can hold incrementally if we get additional added District students that we otherwise would not have budgeted that's always a wild card simply for the reason we don't know who's going to come through our door in regard to added District students that
011we can't handle and we'll have to either combination of transport them or pay out of District tuition so we believe we have enough hopefully incremental dollars in those line items that would support that so that's kind of the overall dynamics of the budget like I said appreciation everyone's support that I mentioned at the beginning of the presentation and I'd be happy to take any type of q a whether it's be from the board or the public Mr savastano anyone from the public any questions from the board I know I sent out the package you have in front of you in regard to the three-year key metric Trend analysis along with the budget resolution the only concern is the busting I I know it's uh in past years it was a revenue producing uh you're forecasting
012that is still going to continue to be a cash flow yeah it's net net we've been announced about three years ago Joe if we were going to format all our transportation what would the incremental impact be versus the current steady state we have now you know transporting other students and other districts such as Fairview Tower Park and Richfield because we go to those destinations so incremental even though we lost a couple hundred thousand dollars due to Fort Lee it's still when you look at the analysis of farming it out all of the transportation versus keeping keeping an in-house it's still a clear winner that you'd want to keep it keep it in-house pretty sure the yeah we've always had a positive cash flow when we were doing the other districts Etc yeah yeah how does
013that look well positive cash flow is is a tricky number Mr capano is the reality of it is we have some costs in regard to the our aides one to one AIDS are our regular bus AIDS our bus aides for special needs our drivers now to keep our drivers from Trading from leaving us is obviously most of them now are full time which I think kind of makes sense because we were losing them at a rate that unfortunately if we kept going with that business plan so to speak we would have not been able to cover our routes so as our special needs population continues to grow it's just not about kind of the revenue component which is great that we piggyback other schools onto the rest that we go out of District it's the
014in District that has grown significantly also that you know we have enough buses and AIDS and drivers because if we that business has grown almost exponentially since I've been here it's probably three times bigger to farm that out even though it's in town would be very cost prohibitive so there's there's this in there's this in-district Dynamic that really wasn't there years ago that really has kind of grown uh exponentially over time so you're welcome you're welcome thank you for the question I appreciate it does anyone else have any any questions from the board Frank anyone uh from the public Lou just to mention uh tomorrow we'll post the user-friendly budget to the website yeah Mr savastana will do that for me thank you and uh for the last number of years I've posted a budget
015newsletter that just kind of summarizes uh what we were able to do last year uh as a result of a past budget and I'll do the same thing uh this year look at projections if the budget budget passes in terms of what we could do as far as Staffing is concerned projects in the districts and so on and so forth so that's a one-page budget newsletter and I'll post that to the website and do an email blast to parents probably when we get back from the spring break about two weeks before the budget uh vote just just to keep everybody up to date any anyone have any questions on the budget okay just a couple of um actually one or two items in the in the agenda itself page two uh we are pointing Mark
016Hayes as interim superintendent um effective July 1st had a pre per diem rate to be negotiated second resolution is we are appointing Margaret Brown as an occupational therapist she will be assigned to school number five effective April 17th uh you know in the past in most cases we contract out for OT and PT services and we found that um by hiring Margaret which we plan to do it'll be a cost saving to the district we'll have our more hours it'll be less costly than a um to contract it outside the district third one is we're pointing Steve janno as assistant baseball coach for the spring season foreign this is again a formality I have to upload to the Department of Ed our budget are for next year for our pre-k program we only received our
017final funding numbers back in a couple of weeks ago so we had to put a budget together and now the budget was approved now we're just uploading a resolution that the board has approved that also I think our state aid went up 20 000. compared to last year yep okay um do you have anything financed for the budget for the agenda no that's it any questions on the agenda I have a motion to accept it thank you I'll take a vote now if I may uh Mr Brew yes Mr capano yes Mrs Fredo yes Mr Garcia Mr nadru yes Dr pantaliana yeah Mr Russo uh Mr Fano yeah um some people have to abstain on the appointment of Mark Hayes because they're conflicted so um you want to give me those names Mr Romans who
018did you who took the vote uh Mrs Abreu that's how I uh she ripped stain on that resolution so I'm staying on interim yes okay uh Mr capana he's okay he's okay on the interim right yeah uh Mrs Freda okay okay on the interim okay Mr Garcia okay okay okay on the interim okay Mr nidrue I'm staying on that on that resolution I'm staying on the interim Dr pantaliano okay okay Mr Russo okay okay on the intern Mr terabakia yes you have to abstain okay sorry no no don't worry it's on me no problem and Mr yanozzi yes okay Mr Roman Gina okay before we close just a reminder that March 29th next uh Wednesday we have another regular meeting okay motion to close I'll make a motion okay that was uh Mr Russo may
019have a second if I may have can okay thank you thank you everyone thank you so much no worries no worries take care right