>>SCHOOL FINANCE  >>USER FRIENDLY BUDGETS  >>MERCER  >>PRINCETON REGIONAL

User Friendly Budgets
2009

MERCER - PRINCETON REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2008
Actual
October 15, 2009
Actual
October 15, 2010
Estimated
Pupils on Roll Regular Full-Time3,2333,2663,290
Pupils on Roll Regular Shared-Time300
spacing
Pupils on Roll - Special Full-Time395422422
Pupils on Roll - Special Shared-Time879
Private School Placements595254
spacing
Pupils Sent to Other Districts-Reg Prog200
Pupils Sent to Other Dists-Spec Ed Prog272519
Pupils Received297268338

 

Advertised Revenues
Budget CategoryAccount2007-08
Actual
2008-09
Revised
2009-10
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 3,379,646 3,404,272
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 700,000 0
Withdraw from Cap Res-Excess Cost & Oth Cap Prj 10-309 0 0 1,500,000
Transfers from Other Funds 10-5200 5,942 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 55,135,268 56,965,650 57,922,997
Other Local Governmental Units - Restricted 10-12XX 0 150,000 184,669
Tuition 10-1300 4,329,662 4,719,122 5,174,393
Transportation Fees from Individuals 10-1410 279,871 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 0 39,000 14,000
Other Restricted Miscellaneous Revenues 10-1XXX 0 154,000 163,588
Unrestricted Miscellaneous Revenues 10-1XXX 843,393 539,500 289,000
SUBTOTAL  60,588,194 62,567,272 63,748,647
Revenues from State Sources:
Transportation Aid 10-3120 312,329 0 0
Special Education Aid 10-3130 2,692,369 0 0
Bilingual Education 10-3140 154,266 0 0
Extraordinary Aid 10-3131 220,045 560,993 20,595
Consolidated Aid 10-3195 235,129 0 0
Additional Formula Aid 10-3196 217,423 0 0
Other State Aids 10-3XXX 35,847 1,889,827 0
Categorical Special Education Aid 10-3132 0 1,664,327 1,934,983
Categorical Security Aid 10-3177 0 249,328 289,413
Adjustment Aid 10-3178 0 973,079 2,381,988
Categorical Transportation Aid 10-3121 0 710,384 842,893
SUBTOTAL  3,867,408 6,047,938 5,469,872
Revenues from Federal Sources:
Medicaid Reimbursement 10-4200 0 0 18,124
SUBTOTAL  0 0 18,124
Adjustment for Prior Year Encumbrances  0 720,503 0
Actual Revenues (Over)/Under Expenditures  -89,337 0 0
TOTAL OPERATING BUDGET  64,372,207 73,415,359 74,140,915
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 159,551 0 0
Revenues from State Sources:
Demonstrably Effective Program Aid 20-3212 96,730 0 0
Preschool Education Aid 20-3218 0 49,500 49,500
Instructional Supplement Aid 20-3214 75,303 0 0
Other Restricted Entitlements 20-32XX 848,321 762,485 762,485
TOTAL REVENUES FROM STATE SOURCES  1,020,354 811,985 811,985
Revenues from Federal Sources:
Title I 20-4411-4416 118,052 138,660 135,000
I.D.E.A. Part B (Handicapped) 20-4420-4429 978,820 891,000 890,000
Other 20-4XXX 231,511 220,442 151,023
TOTAL REVENUES FROM FEDERAL SOURCES  1,328,383 1,250,102 1,176,023
TOTAL GRANTS AND ENTITLEMENTS  2,508,288 2,062,087 1,988,008
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 550,020 323,287
Transfers from Other Funds 40-5200 323,286 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 4,891,397 4,883,272 4,354,245
TOTAL REVENUES FROM LOCAL SOURCES  4,891,397 4,883,272 4,354,245
TOTAL LOCAL REPAYMENT OF DEBT  5,214,683 5,433,292 4,677,532
Actual Revenues (Over)/Under Expenditures  260,471 0 0
TOTAL REPAYMENT OF DEBT  5,475,154 5,433,292 4,677,532
TOTAL REVENUES/SOURCES  72,355,649 80,910,738 80,806,455

 

Advertised Appropriations
Budget CategoryAccount2007-08
Expenditures
2008-09
Rev. Approp.
2009-10
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX19,863,61921,256,05021,615,977
Special Education 11-2XX-100-XXX4,014,7654,212,0764,458,982
Basic Skills/Remedial 11-230-100-XXX1,310,8521,366,6601,395,527
Bilingual Education 11-240-100-XXX625,748726,606752,665
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX228,431273,280290,778
School Sponsored Athletics 11-402-100-XXX936,625985,3011,011,795
Summer School 11-422-XXX-XXX0067,047
Support Services:
Tuition 11-000-100-XXX4,162,3194,812,0024,653,445
Attendance and Social Work Services 11-000-211-XXX311,539326,271151,769
Health Services 11-000-213-XXX426,225488,069512,365
Speech, OT, PT, Related & Extraordinary Services 11-000-216,2171,040,8591,185,0101,248,493
Guidance 11-000-218-XXX1,561,1071,725,9251,785,595
Child Study Teams 11-000-219-XXX2,521,6222,931,5822,670,128
Improvement of Instructional Services 11-000-221-XXX212,014172,462161,843
Educational Media Services - School Library 11-000-222-XXX1,294,0741,423,6951,454,149
Instructional Staff Training Services 11-000-223-XXX862,7761,041,2551,007,799
General Administration 11-000-230-XXX814,170953,252865,587
School Administration 11-000-240-XXX1,797,6841,862,8131,986,623
Central Svcs & Admin Info Technology 11-000-25X-XXX1,109,7221,155,0701,094,880
Operation and Maintenance of Plant Services 11-000-26X-XXX5,684,0156,737,6376,544,454
Student Transportation Services 11-000-270-XXX3,086,1353,568,5743,590,567
Personal Services - Employee Benefits 11-XXX-XXX-2XX8,394,0179,450,2109,786,245
Food Services 11-000-310-XXX359,35816,9810
Total Support Services Expenditures 33,637,63637,850,80837,513,942
TOTAL GENERAL CURRENT EXPENSE 60,617,67666,670,78167,106,713
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040700,0000
Interest Earned on Capital Reserve 10-604039,00014,000
Equipment 12-XXX-XXX-73X143,347185,00721,500
Facilities Acquisition and Construction Services 12-000-4XX-XXX946,7091,139,195800,000
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931001,500,000
TOTAL CAPITAL EXPENDITURES 1,090,0562,063,2022,335,500
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X2,664,4754,681,3764,698,702
OPERATING BUDGET GRAND TOTAL 64,372,20773,415,35974,140,915
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX159,55100
Early Childhood Program Aid:
Instruction 20-218-100-XXX0049,500
Transfer to General Fund 20-218-520-930049,5000
TOTAL PRESCHOOL EDUCATION AID 049,50049,500
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX96,73000
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 96,73000
Instructional Supplement Aid:
Instruction 20-214-100-XXX70,13700
Contribution to Charter Schools 20-214-100-56X5,16600
TOTAL INSTRUCTIONAL SUPPLEMENT AID 75,30300
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX136,542155,557155,557
Nonpublic Auxiliary Services 20-XXX-XXX-XXX82,63596,82696,826
Nonpublic Handicapped Services 20-XXX-XXX-XXX160,384191,083191,083
Nonpublic Nursing Services 20-XXX-XXX-XXX208,286210,139210,139
Nonpublic Technology Initiative 20-XXX-XXX-XXX106,773108,880108,880
Other Special Projects 20-XXX-XXX-XXX153,70100
Total State Projects 1,020,354811,985811,985
Federal Projects:
Title I 20-XXX-XXX-XXX118,052138,660135,000
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX978,820891,000890,000
Other Special Projects 20-XXX-XXX-XXX231,511220,442151,023
Total Federal Projects 1,328,3831,250,1021,176,023
TOTAL GRANTS AND ENTITLEMENTS 2,508,2882,062,0871,988,008
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX5,475,1545,433,2924,677,532
TOTAL REPAYMENT OF DEBT 5,475,1545,433,2924,677,532
Total Expenditures 72,355,64980,910,73880,806,455

 

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 Budget3,487,8383,955,0033,078,8971,453,897
  Repayment of Debt1,133,778873,307323,2870
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve908,4892,486,9743,225,9741,739,974
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve3,235,3732,741,3581,779,2720
      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 Cost14,74315,96117,29017,22617,421
Total Classroom Instruction8,5639,33510,1209,89110,200
Classroom-Salaries and Benefits8,0238,6659,4399,2119,536
Classroom-General Supplies and Textbooks374495448440434
Classroom-Purchased Services and Other166176233240230
Total Support Services2,6682,8603,2343,2343,139
Support Services-Salaries and Benefits2,3382,5172,8352,8732,786
Total Administrative Costs1,3051,3181,4231,3971,397
Administration-Salaries and Benefits1,1311,1351,2011,1741,201
Total Operations and Maintenance of Plant1,7861,8912,0072,2122,178
Operations & Maintenance of Plant-Salary & Ben.9821,0541,1811,1471,259
Total Food Services Costs10108850
Total Extracurricular Costs376408450441458
Total Equipment Costs654312556
Employee Benefits as a % of Salaries21.22224.122.923.2

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
  • Electric and Gas Consortium - ACES
  • Transportation Jointures with other School Districts, including MCSSSD
  • Joint purchasing of fuel with Municipalities
  • Joint Insurance Fund for General, Work Comp and Property Insurances
  • Community Partnerships with PYA, YMCA and YWCA
  • Educational partnership with Princeton University
  • After school program agreements with the YMCA and YWCA
  • Partnerships with specialized social service agencies and porviders such
  • as Corner House and HiTops
  • Purchasing Cooperative Memberships:
  • Educational Data Services
  • National Joint Powers Alliance
  • Mercer County Cooperative Pricing System
  • NJ State Contracts
  • WSCA Agreement (Computer Equipment)
  • Exchange of Maintenance services between District and Municipalities
  • Sharing of fields and spaces with Municipal recreational programs
  • Benchmarking consortium with high performing schools for curriculum and
  • professional development
  • ** Mercer County Shared Services Committee **

 

Estimated Tax Rate Information
PRINCETON BOROUGH
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy19,289,775 (A)
Estimated Net Taxable Valuation (as of 02/05/2009)1,006,711,600 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1001.9161 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy20,739,845 (D)
Estimated Net Taxable Valuation (as of 02/05/2009)1,006,711,600 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1002.0602 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy19,289,775 (G)
Estimated Equalized Valuation (as of 10/01/2008)2,542,470,604 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1000.7587 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy20,739,845 (J)
Estimated Equalized Valuation (as of 10/01/2008)2,542,470,604 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1000.8157 (L)
spacing
PRINCETON TWP
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy38,633,222 (A)
Estimated Net Taxable Valuation (as of 02/05/2009)2,436,630,810 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1001.5855 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy41,537,397 (D)
Estimated Net Taxable Valuation (as of 02/05/2009)2,436,630,810 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1001.7047 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy38,633,222 (G)
Estimated Equalized Valuation (as of 10/01/2008)5,092,015,403 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1000.7587 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy41,537,397 (J)
Estimated Equalized Valuation (as of 10/01/2008)5,092,015,403 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1000.8157 (L)