>>SCHOOL FINANCE  >>USER FRIENDLY BUDGETS  >>SOMERSET  >>SOMERSET HILLS REGIONAL

User Friendly Budgets
2008

SOMERSET - SOMERSET HILLS REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time1,8081,8511,876
Pupils on Roll Regular Shared-Time332
spacing
Pupils on Roll - Special Full-Time210195197
Pupils on Roll - Special Shared-Time533
Private School Placements111818
spacing
Pupils Sent to Other Districts-Reg Prog142
Pupils Sent to Other Dists-Spec Ed Prog101313
Pupils Received242235233

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 1,886,098 2,142,465 2,601,993
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 600,000 0 0
Withdrawal from Cap Res-for Local Share 10-307 0 600,000 600,000
Revenues from Local Sources:
Local Tax Levy 10-1210 24,951,946 25,402,159 25,805,222
Tuition 10-1300 3,538,969 4,203,500 4,293,837
Transportation Fees from Individuals 10-1410 72,739 60,000 60,000
Interest Earned on Capital Reserve Funds 10-1XXX 7,221 100 100
Unrestricted Miscellaneous Revenues 10-1XXX 1,234,830 104,224 100,000
SUBTOTAL  29,805,705 29,769,983 30,259,159
Revenues from State Sources:
Transportation Aid 10-3120 442,294 442,294 0
Special Education Aid 10-3130 613,060 613,060 0
Bilingual Education 10-3140 44,384 44,384 0
Stabilization Aid 10-3171 43,233 43,233 0
Extraordinary Aid 10-3131 155,892 0 432,807
Consolidated Aid 10-3195 86,092 86,092 0
Additional Formula Aid 10-3196 36,872 78,834 0
Other State Aids 10-3XXX 163,981 132,801 0
Categorical Special Education Aid 10-3132 0 0 690,456
Categorical Security Aid 10-3177 0 0 143,499
Categorical Transportation Aid 10-3121 0 0 519,450
SUBTOTAL  1,585,808 1,440,698 1,786,212
Adjustment for Prior Year Encumbrances  0 1,357,055 0
Actual Revenues (Over)/Under Expenditures  -544,121 0 0
TOTAL OPERATING BUDGET  30,847,392 35,310,201 35,247,364
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 126,593 0 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 185,068 221,127 221,127
TOTAL REVENUES FROM STATE SOURCES  185,068 221,127 221,127
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 381,624 273,810 273,810
Other 20-4XXX 46,475 70,211 70,211
TOTAL REVENUES FROM FEDERAL SOURCES  428,099 344,021 344,021
TOTAL GRANTS AND ENTITLEMENTS  739,760 565,148 565,148
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 215,001 5
Revenues from Local Sources:
Local Tax Levy 40-1210 3,327,764 3,113,457 3,333,584
TOTAL REVENUES FROM LOCAL SOURCES  3,327,764 3,113,457 3,333,584
Revenues from State Sources:
Debt Service Aid Type II 40-3160 91,704 91,690 92,712
TOTAL LOCAL REPAYMENT OF DEBT  3,419,468 3,420,148 3,426,301
Actual Revenues (Over)/Under Expenditures  284,998 0 0
TOTAL REPAYMENT OF DEBT  3,704,466 3,420,148 3,426,301
TOTAL REVENUES/SOURCES  35,291,618 39,295,497 39,238,813

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX10,933,95211,841,59312,244,283
Special Education 11-2XX-100-XXX1,366,5151,635,7631,616,921
Basic Skills/Remedial 11-230-100-XXX188,437207,486213,711
Bilingual Education 11-240-100-XXX167,916176,897182,159
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX225,100251,007256,949
School Sponsored Athletics 11-402-100-XXX595,376640,342653,760
Support Services:
Tuition 11-000-100-XXX1,159,9181,484,5501,574,359
Attendance and Social Work Services 11-000-211-XXX3,50011,21411,550
Health Services 11-000-213-XXX285,046312,965321,865
Students - Related & Extraordinary 11-000-216,217639,394640,560760,038
Guidance 11-000-218-XXX727,485842,060890,592
Child Study Teams 11-000-219-XXX548,864603,494616,113
Improvement of Instructional Services 11-000-221-XXX261,388261,251303,035
Educational Media Services - School Library 11-000-222-XXX573,584611,100629,503
Instructional Staff Training Services 11-000-223-XXX115,644163,973206,297
General Administration 11-000-230-XXX734,840892,754854,734
School Administration 11-000-240-XXX1,200,6721,237,7081,272,675
Central Svcs & Admin Info Technology 11-000-25X-XXX438,008452,223462,568
Deposit to Maintenance Reserve 10-60645,00045,00045,000
Operation and Maintenance of Plant Services 11-000-26X-XXX2,810,5093,551,2873,382,543
Student Transportation Services 11-000-270-XXX1,845,0712,163,5542,323,974
Personal Services - Employee Benefits 11-XXX-XXX-2XX4,503,6604,448,3334,801,185
Total Support Services Expenditures 15,847,58317,677,02618,411,031
TOTAL GENERAL CURRENT EXPENSE 29,369,87932,475,11433,623,814
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040600,000600,000
Interest Earned on Capital Reserve 10-604600,000100100
Equipment 12-XXX-XXX-73X273,702171,81773,450
Facilities Acquisition and Construction Services 12-000-4XX-XXX3,8111,463,170950,000
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931600,000600,0000
TOTAL CAPITAL EXPENDITURES 1,477,5132,835,0871,623,550
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 30,847,39235,310,20135,247,364
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX126,59300
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX36,38841,54041,540
Nonpublic Auxiliary Services 20-XXX-XXX-XXX15,81939,81739,817
Nonpublic Handicapped Services 20-XXX-XXX-XXX52,50965,31765,317
Nonpublic Nursing Services 20-XXX-XXX-XXX48,41249,15449,154
Nonpublic Technology Initiative 20-XXX-XXX-XXX26,08025,29925,299
Other Special Projects 20-XXX-XXX-XXX5,86000
Total State Projects 185,068221,127221,127
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX381,624273,810273,810
Other Special Projects 20-XXX-XXX-XXX46,47570,21170,211
Total Federal Projects 428,099344,021344,021
TOTAL GRANTS AND ENTITLEMENTS 739,760565,148565,148
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX3,704,4663,420,1483,426,301
TOTAL REPAYMENT OF DEBT 3,704,4663,420,1483,426,301
Total Expenditures 35,291,61839,295,49739,238,813

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/06
Audited
Balance
6/30/07
Estimated
Balance
6/30/08
Estimated
Balance
6/30/09
Unreserved:
  General Operating Budget765,510791,120679,063679,063
  Repayment of Debt500,004215,00650
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve144,425151,646451,746451,846
      Adult Education Programs0000
      Maintenance Reserve45,00090,000135,000180,000
      Legal Reserve4,028,5634,744,4582,601,9930
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Reserved for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2005-06
Actual
2006-07
Actual
2007-08
Original
Budget
2007-08
Revised
Budget
2008-09
Proposed
Budget
Total Comparative Per Pupil Cost12,04513,00713,92214,04714,300
Total Classroom Instruction7,1337,6668,0758,1478,351
Classroom-Salaries and Benefits6,5887,0477,4997,5087,792
Classroom-General Supplies and Textbooks405479397452410
Classroom-Purchased Services and Other141140179187150
Total Support Services1,7511,9071,9872,0152,151
Support Services-Salaries and Benefits1,5661,7371,7951,8091,836
Total Administrative Costs1,3741,4141,5051,4831,483
Administration-Salaries and Benefits1,2061,2051,2711,2061,236
Total Operations and Maintenance of Plant1,3571,5531,8521,8901,796
Operations & Maintenance of Plant-Salary & Ben.716814863854874
Total Food Services Costs00000
Total Extracurricular Costs446481494505513
Total Equipment Costs65136528435
Employee Benefits as a % of Salaries23.924.824.522.623.5

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2008 Comparative Spending Guide and can be found on the Department of Education's Internet address: http://www.state.nj.us/education under Finance, when available. This publication is available in the board office and public libraries. The same calculations were performed using the 2007-08 revised appropriations and the 2008-09 budgeted appropriations presented in this advertised budget. Total Comparative Per Pupil Cost is defined as current expense exclusive of tuition expenditures, transportation, residential costs, and judgments against the school district. For all years it also includes the restricted entitlement aids. With the exception of Total Equipment Cost, each of the other per pupil cost calculations presented is a component of the total comparative per pupil cost, although all components are not shown.

 

Shared Services
  • Somerset County Educational Services Commission - Transportation,
  • Alternative High School, Nonpublic Services
  • Hunterdon County Educational Services Commission - Purchasing Consortium,
  • Tranportation
  • New Jersey School Boards Association Insurance Group - Workers Comp
  • Insurance
  • ACES - Natural Gas
  • Bernardville Borough - Exchange of use of building for Recreation Dept &
  • Municipal prograns for the use of Bernardsville Fields,shared training
  • sessions and technology assistance
  • Morris Union Jointure Commission - Education for special needs students,
  • transportation

 

Estimated Tax Rate Information
BERNARDSVILLE BOROUGH
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,693,244 (A)
Estimated Net Taxable Valuation (as of 01/01/2008)2,690,611,200 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.6948 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy21,108,085 (D)
Estimated Net Taxable Valuation (as of 01/01/2008)2,690,611,200 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.7845 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,693,244 (G)
Estimated Equalized Valuation (as of 10/01/2007)2,644,066,717 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.7070 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy21,108,085 (J)
Estimated Equalized Valuation (as of 10/01/2007)2,644,066,717 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.7983 (L)
spacing
FAR HILLS BOROUGH
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,351,122 (A)
Estimated Net Taxable Valuation (as of 01/01/2008)508,604,897 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.2657 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,525,663 (D)
Estimated Net Taxable Valuation (as of 01/01/2008)508,604,897 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.3000 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,351,122 (G)
Estimated Equalized Valuation (as of 10/01/2007)485,037,139 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.2786 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,525,663 (J)
Estimated Equalized Valuation (as of 10/01/2007)485,037,139 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.3145 (L)
spacing
PEAPACK-GLADSTONE BOROUGH
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,760,856 (A)
Estimated Net Taxable Valuation (as of 01/01/2008)826,529,097 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.6970 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,505,058 (D)
Estimated Net Taxable Valuation (as of 01/01/2008)826,529,097 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.7870 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,760,856 (G)
Estimated Equalized Valuation (as of 10/01/2007)909,974,352 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.6331 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,505,058 (J)
Estimated Equalized Valuation (as of 10/01/2007)909,974,352 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.7149 (L)