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User Friendly Budgets
2009

MERCER - HOPEWELL VALLEY REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2008
Actual
October 15, 2009
Actual
October 15, 2010
Estimated
Pupils on Roll Regular Full-Time3,5733,5503,505
Pupils on Roll Regular Shared-Time151717
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Pupils on Roll - Special Full-Time395407407
Pupils on Roll - Special Shared-Time262121
Private School Placements424442
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Pupils Sent to Other Districts-Reg Prog100
Pupils Sent to Other Dists-Spec Ed Prog242527
Pupils Received282538
Pupils in State Facilities101

 

Advertised Revenues
Budget CategoryAccount2007-08
Actual
2008-09
Revised
2009-10
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 2,428,800 0
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 0 1,000,000
Withdrawal from Cap Res-for Local Share 10-307 0 495,100 1,000,000
Revenues from Local Sources:
Local Tax Levy 10-1210 57,921,491 59,554,967 61,332,166
Tuition 10-1300 270,270 214,104 230,996
Transportation Fees from Individuals 10-1410 60,592 63,000 75,302
Interest Earned on Capital Reserve Funds 10-1XXX 107 0 0
Unrestricted Miscellaneous Revenues 10-1XXX 784,729 740,000 520,000
SUBTOTAL  59,037,189 60,572,071 62,158,464
Revenues from State Sources:
Transportation Aid 10-3120 1,290,030 0 0
Special Education Aid 10-3130 2,502,991 0 0
Bilingual Education 10-3140 9,344 0 0
Extraordinary Aid 10-3131 178,754 547,926 423,005
Consolidated Aid 10-3195 213,564 0 0
Additional Formula Aid 10-3196 244,570 0 0
Other State Aids 10-3XXX 40,708 0 0
Categorical Special Education Aid 10-3132 0 2,128,853 2,093,000
Categorical Security Aid 10-3177 0 280,491 284,886
Adjustment Aid 10-3178 0 312,106 0
Categorical Transportation Aid 10-3121 0 1,332,038 1,675,602
SUBTOTAL  4,479,961 4,601,414 4,476,493
Adjustment for Prior Year Encumbrances  0 2,920,043 0
Actual Revenues (Over)/Under Expenditures  302,773 0 0
TOTAL OPERATING BUDGET  63,819,923 71,017,428 68,634,957
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 47,496 139,653 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 77,503 106,806 82,107
TOTAL REVENUES FROM STATE SOURCES  77,503 106,806 82,107
Revenues from Federal Sources:
Title VI 20-4417-4418 5,275 0 0
I.D.E.A. Part B (Handicapped) 20-4420-4429 837,404 863,132 832,805
Other 20-4XXX 62,197 123,152 44,830
TOTAL REVENUES FROM FEDERAL SOURCES  904,876 986,284 877,635
TOTAL GRANTS AND ENTITLEMENTS  1,029,875 1,232,743 959,742
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 155,753 27,607
Transfers from Capital Reserve 40-5210 27,605 0 1,000,000
Revenues from Local Sources:
Local Tax Levy 40-1210 4,289,009 4,814,862 3,940,662
TOTAL REVENUES FROM LOCAL SOURCES  4,289,009 4,814,862 3,940,662
TOTAL LOCAL REPAYMENT OF DEBT  4,316,614 4,970,615 4,968,269
Actual Revenues (Over)/Under Expenditures  652,315 0 0
TOTAL REPAYMENT OF DEBT  4,968,929 4,970,615 4,968,269
TOTAL REVENUES/SOURCES  69,818,727 77,220,786 74,562,968
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Transfers from Capital Reserve 40-5210 27,605 0 1,000,000
TOTAL REVENUES/SOURCES NET OF TRANSFERS  69,791,122 77,220,786 73,562,968

 

Advertised Appropriations
Budget CategoryAccount2007-08
Expenditures
2008-09
Rev. Approp.
2009-10
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX24,734,90125,926,81425,151,370
Special Education 11-2XX-100-XXX3,511,5033,869,7004,002,137
Basic Skills/Remedial 11-230-100-XXX528,680596,959814,313
Bilingual Education 11-240-100-XXX48,68056,96631,986
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX179,957306,550242,864
School Sponsored Athletics 11-402-100-XXX812,871866,376839,555
Support Services:
Tuition 11-000-100-XXX2,948,8653,327,3353,204,734
Attendance and Social Work Services 11-000-211-XXX2,6695,3001,295
Health Services 11-000-213-XXX541,011577,610596,117
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217727,841817,268839,376
Guidance 11-000-218-XXX1,177,2921,224,3551,340,370
Child Study Teams 11-000-219-XXX2,325,3722,413,4172,207,697
Improvement of Instructional Services 11-000-221-XXX1,088,8391,181,9231,559,921
Educational Media Services - School Library 11-000-222-XXX534,187556,548546,286
Instructional Staff Training Services 11-000-223-XXX09,5509,900
General Administration 11-000-230-XXX1,256,2041,496,149924,446
School Administration 11-000-240-XXX2,104,9592,171,6812,186,745
Central Svcs & Admin Info Technology 11-000-25X-XXX1,133,2001,419,4271,252,194
Operation and Maintenance of Plant Services 11-000-26X-XXX5,760,6986,250,8216,098,382
Student Transportation Services 11-000-270-XXX3,723,2084,170,8843,916,483
Personal Services - Employee Benefits 11-XXX-XXX-2XX8,936,7979,829,26810,584,586
Total Support Services Expenditures 32,261,14235,451,53635,268,532
TOTAL GENERAL CURRENT EXPENSE 62,077,73467,074,90166,350,757
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040705,0001,000,000
Equipment 12-XXX-XXX-73X571,960723,81368,707
Facilities Acquisition and Construction Services 12-000-4XX-XXX981,3362,265,2660
Capital Reserve-Transfer to Repayment of Debt 12-000-4XX-933001,000,000
TOTAL CAPITAL EXPENDITURES 1,553,2963,694,0792,068,707
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX94,793248,448215,493
Total Summer School 94,793248,448215,493
TOTAL SPECIAL SCHOOLS 94,793248,448215,493
Transfer of Funds to Charter Schools 10-000-100-56X94,10000
OPERATING BUDGET GRAND TOTAL 63,819,92371,017,42868,634,957
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX47,496139,6530
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX7,79927,08522,313
Nonpublic Handicapped Services 20-XXX-XXX-XXX14,96816,16614,068
Nonpublic Nursing Services 20-XXX-XXX-XXX47,78835,43530,120
Nonpublic Technology Initiative 20-XXX-XXX-XXX5,16218,36015,606
Other Special Projects 20-XXX-XXX-XXX1,7869,7600
Total State Projects 77,503106,80682,107
Federal Projects:
Title VI 20-XXX-XXX-XXX5,27500
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX837,404863,132832,805
Other Special Projects 20-XXX-XXX-XXX62,197123,15244,830
Total Federal Projects 904,876986,284877,635
TOTAL GRANTS AND ENTITLEMENTS 1,029,8751,232,743959,742
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX4,968,9294,970,6154,968,269
TOTAL REPAYMENT OF DEBT 4,968,9294,970,6154,968,269
Total Expenditures 69,818,72777,220,78674,562,968

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/07
Audited
Balance
6/30/08
Estimated
Balance
6/30/09
Estimated
Balance
6/30/10
Unreserved:
  General Operating Budget1,649,4071,833,0212,254,2671,254,267
  Repayment of Debt835,675183,36027,6070
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0300,107510,007510,007
      Adult Education Programs0000
      Maintenance Reserve58,43558,43558,43558,435
      Legal Reserve2,699,7491,850,04600
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Reserved for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2006-07
Actual
2007-08
Actual
2008-09
Original
Budget
2008-09
Revised
Budget
2009-10
Proposed
Budget
Total Comparative Per Pupil Cost12,58813,78314,39114,90115,067
Total Classroom Instruction7,8478,6608,9919,2969,386
Classroom-Salaries and Benefits7,1777,9028,1868,3778,684
Classroom-General Supplies and Textbooks391472489544421
Classroom-Purchased Services and Other278285316375281
Total Support Services1,7961,9162,0632,0722,222
Support Services-Salaries and Benefits1,6281,7211,8701,8702,057
Total Administrative Costs1,2031,2971,3441,3911,319
Administration-Salaries and Benefits9179501,0159971,035
Total Operations and Maintenance of Plant1,4171,5631,5951,7191,725
Operations & Maintenance of Plant-Salary & Ben.663690732751861
Total Food Services Costs40000
Total Extracurricular Costs269282315336321
Total Equipment Costs441427718217
Employee Benefits as a % of Salaries21.623.224.324.325.3

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2009 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 2008-09 revised appropriations and 2009-10 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
  • INTER-LOCAL AGREEMENTS WITH MUNICIPALITIES:
  • Gasoline purchased from Hopewell Township
  • Cooperative bid for paving with Hopewell Township
  • Engineering services provided by Hopewell Township engineer at Township
  • rate
  • Athletic field development supported by Hopewell Township with in kind
  • services
  • Snow removal and other emergency response doen with Hopewell Township
  • assistance
  • Public works antenna tower used by district
  • Radio equipment purchased through Hopewell Township
  • Custodial services provided to Pennington Borough by district
  • District's TV studio used by municipalities
  • AGREEMENTS WITH LOCAL FOUNDATONS:
  • Athletic field development project with Recreation Foundation
  • Grants provided by Education Foundation
  • SHARED SERVICES WITH OTHER DISTRICTS
  • Transportation agreements, county approved
  • Transportation agreement with Mercer County Special Services
  • Participates in the SAIF joint insurance fund (workers comp and liability
  • insurance)
  • Paper and other office supplies are purchased through the Hamilton
  • Township Board of Education
  • ACES - gas/electric cooperative
  • ACT - telephone rate consortium
  • Integrated preschool open to other districts
  • Contract with Middlesex County ESC to provide non-public school services
  • COOPERATIVE PROFESSIONAL DEVELOPMENT
  • Networking with Princeton University, The College of New Jersey, and
  • Rider University

 

Estimated Tax Rate Information
HOPEWELL BOROUGH
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,932,788 (A)
Estimated Net Taxable Valuation (as of 03/01/2009)360,247,255 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1001.0917 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,185,474 (D)
Estimated Net Taxable Valuation (as of 03/01/2009)360,247,255 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1001.1618 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,932,788 (G)
Estimated Equalized Valuation (as of 03/01/2009)334,662,758 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1001.1751 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,185,474 (J)
Estimated Equalized Valuation (as of 03/01/2009)334,662,758 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1001.2507 (L)
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HOPEWELL TWP
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy51,323,516 (A)
Estimated Net Taxable Valuation (as of 03/01/2009)4,489,000,000 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1001.1433 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy54,621,111 (D)
Estimated Net Taxable Valuation (as of 03/01/2009)4,489,000,000 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1001.2168 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy51,323,516 (G)
Estimated Equalized Valuation (as of 03/01/2009)4,367,402,866 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1001.1751 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy54,621,111 (J)
Estimated Equalized Valuation (as of 03/01/2009)4,367,402,866 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1001.2507 (L)
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PENNINGTON BOR
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,075,862 (A)
Estimated Net Taxable Valuation (as of 03/01/2009)524,348,708 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1001.1587 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,466,243 (D)
Estimated Net Taxable Valuation (as of 03/01/2009)524,348,708 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1001.2332 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,075,862 (G)
Estimated Equalized Valuation (as of 03/01/2009)517,028,798 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1001.1751 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,466,243 (J)
Estimated Equalized Valuation (as of 03/01/2009)517,028,798 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1001.2507 (L)