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User Friendly Budgets
2009

SOMERSET - SOMERSET HILLS REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2008
Actual
October 15, 2009
Actual
October 15, 2010
Estimated
Pupils on Roll Regular Full-Time1,8511,9221,954
Pupils on Roll Regular Shared-Time322
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Pupils on Roll - Special Full-Time195207203
Pupils on Roll - Special Shared-Time322
Private School Placements181717
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Pupils Sent to Other Districts-Reg Prog422
Pupils Sent to Other Dists-Spec Ed Prog131212
Pupils Received235236230

 

Advertised Revenues
Budget CategoryAccount2007-08
Actual
2008-09
Revised
2009-10
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 2,601,993 1,667,649
Withdrawal from Cap Res-for Local Share 10-307 0 600,000 0
Revenues from Local Sources:
Local Tax Levy 10-1210 25,402,159 25,805,222 25,803,779
Tuition 10-1300 4,531,325 4,293,837 4,605,108
Transportation Fees from Individuals 10-1410 84,390 60,000 103,050
Interest Earned on Capital Reserve Funds 10-1XXX 7,580 100 100
Unrestricted Miscellaneous Revenues 10-1XXX 457,478 100,000 72,868
SUBTOTAL  30,482,932 30,259,159 30,584,905
Revenues from State Sources:
Transportation Aid 10-3120 442,294 0 0
Special Education Aid 10-3130 613,060 0 0
Bilingual Education 10-3140 44,384 0 0
Stabilization Aid 10-3171 43,233 0 0
Extraordinary Aid 10-3131 140,530 432,807 432,807
Consolidated Aid 10-3195 86,092 0 0
Additional Formula Aid 10-3196 78,834 0 0
Other State Aids 10-3XXX 169,437 0 0
Categorical Special Education Aid 10-3132 0 690,456 531,489
Categorical Security Aid 10-3177 0 143,499 154,304
Categorical Transportation Aid 10-3121 0 519,450 667,612
SUBTOTAL  1,617,864 1,786,212 1,786,212
Adjustment for Prior Year Encumbrances  0 41,062 0
Actual Revenues (Over)/Under Expenditures  2,469,402 0 0
TOTAL OPERATING BUDGET  34,570,198 35,288,426 34,038,766
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 70,802 0 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 192,711 221,127 221,127
TOTAL REVENUES FROM STATE SOURCES  192,711 221,127 221,127
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 396,507 273,810 273,810
Other 20-4XXX 59,872 70,211 70,211
TOTAL REVENUES FROM FEDERAL SOURCES  456,379 344,021 344,021
TOTAL GRANTS AND ENTITLEMENTS  719,892 565,148 565,148
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 5 0
Revenues from Local Sources:
Local Tax Levy 40-1210 3,113,457 3,333,584 3,329,300
TOTAL REVENUES FROM LOCAL SOURCES  3,113,457 3,333,584 3,329,300
Revenues from State Sources:
Debt Service Aid Type II 40-3160 91,690 92,712 87,934
TOTAL LOCAL REPAYMENT OF DEBT  3,205,147 3,426,301 3,417,234
Actual Revenues (Over)/Under Expenditures  215,001 0 0
TOTAL REPAYMENT OF DEBT  3,420,148 3,426,301 3,417,234
TOTAL REVENUES/SOURCES  38,710,238 39,279,875 38,021,148

 

Advertised Appropriations
Budget CategoryAccount2007-08
Expenditures
2008-09
Rev. Approp.
2009-10
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX11,554,28712,307,45812,032,653
Special Education 11-2XX-100-XXX1,625,1471,578,6031,642,143
Basic Skills/Remedial 11-230-100-XXX207,459225,280235,080
Bilingual Education 11-240-100-XXX176,674188,365194,986
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX251,646266,949269,726
School Sponsored Athletics 11-402-100-XXX634,701660,822656,502
Support Services:
Tuition 11-000-100-XXX1,537,6761,574,3591,686,368
Attendance and Social Work Services 11-000-211-XXX11,12011,5503,919
Health Services 11-000-213-XXX306,329335,980350,040
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217747,109741,359700,780
Guidance 11-000-218-XXX824,965775,719805,806
Child Study Teams 11-000-219-XXX585,564647,779748,675
Improvement of Instructional Services 11-000-221-XXX254,106275,811276,731
Educational Media Services - School Library 11-000-222-XXX601,802630,320655,044
Instructional Staff Training Services 11-000-223-XXX140,596158,559134,237
General Administration 11-000-230-XXX860,814824,143843,752
School Administration 11-000-240-XXX1,226,7751,289,1061,247,727
Central Svcs & Admin Info Technology 11-000-25X-XXX427,869484,432446,139
Deposit to Maintenance Reserve 10-606045,0000
Operation and Maintenance of Plant Services 11-000-26X-XXX3,416,9073,472,4993,461,403
Student Transportation Services 11-000-270-XXX2,180,2182,341,7962,410,452
Personal Services - Employee Benefits 11-XXX-XXX-2XX4,392,4724,801,1854,773,553
Total Support Services Expenditures 17,514,32218,364,59718,544,626
TOTAL GENERAL CURRENT EXPENSE 31,964,23633,637,07433,575,716
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604600,000600,0000
Interest Earned on Capital Reserve 10-6040100100
Equipment 12-XXX-XXX-73X679,713245,20762,950
Facilities Acquisition and Construction Services 12-000-4XX-XXX1,326,249206,045400,000
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-9310600,0000
TOTAL CAPITAL EXPENDITURES 2,605,9621,651,352463,050
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 34,570,19835,288,42634,038,766
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX70,80200
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX33,02241,54041,540
Nonpublic Auxiliary Services 20-XXX-XXX-XXX22,47539,81739,817
Nonpublic Handicapped Services 20-XXX-XXX-XXX63,37865,31765,317
Nonpublic Nursing Services 20-XXX-XXX-XXX49,17749,15449,154
Nonpublic Technology Initiative 20-XXX-XXX-XXX24,65925,29925,299
Total State Projects 192,711221,127221,127
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX396,507273,810273,810
Other Special Projects 20-XXX-XXX-XXX59,87270,21170,211
Total Federal Projects 456,379344,021344,021
TOTAL GRANTS AND ENTITLEMENTS 719,892565,148565,148
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX3,420,1483,426,3013,417,234
TOTAL REPAYMENT OF DEBT 3,420,1483,426,3013,417,234
Total Expenditures 38,710,23839,279,87538,021,148

 

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 Budget791,120868,570868,570704,947
  Repayment of Debt215,006500
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve151,646159,226159,326159,426
      Adult Education Programs0000
      Maintenance Reserve90,00090,000135,000135,000
      Legal Reserve4,744,4584,106,0191,504,0260
      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 Cost13,00713,72014,30013,92613,654
Total Classroom Instruction7,6667,9418,3518,1577,925
Classroom-Salaries and Benefits7,0477,3437,7927,5977,433
Classroom-General Supplies and Textbooks479448410412381
Classroom-Purchased Services and Other140150150147111
Total Support Services1,9072,0132,1512,0082,044
Support Services-Salaries and Benefits1,7371,7741,8361,7281,826
Total Administrative Costs1,4141,4411,4831,4491,400
Administration-Salaries and Benefits1,2051,1971,2361,2061,200
Total Operations and Maintenance of Plant1,5531,8161,7961,7961,769
Operations & Maintenance of Plant-Salary & Ben.814850874876886
Total Food Services Costs00000
Total Extracurricular Costs481502513510505
Total Equipment Costs1363303511529
Employee Benefits as a % of Salaries24.822.623.523.523

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
  • Somerset County Educational Services Commission - Transportation,
  • Alternative High School, Nonpubli Services, Special Education Services.
  • Hunterdon County Education Services Commission - Purchasing Consortium,
  • Transportation.
  • New Jersey School Boards Association Insurance Group - Workers Comp Ins
  • and Errors and Omission Insurance
  • Alliance for Competive Energy Services - Natural Gas, Electricity
  • Morris Union Jointure Commission - Education for students with Special
  • Needs, transportation
  • Borough of Bernardsville - Exchange use of buildings for use of fields,
  • technology assistance, Emergency Services Training (SERT Team).

 

Estimated Tax Rate Information
BERNARDSVILLE BOROUGH
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,878,271 (A)
Estimated Net Taxable Valuation (as of 10/01/2008)2,696,641,905 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1000.7001 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy21,314,016 (D)
Estimated Net Taxable Valuation (as of 10/01/2008)2,696,641,905 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1000.7904 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,878,271 (G)
Estimated Equalized Valuation (as of 10/01/2008)2,660,540,571 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1000.7096 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy21,314,016 (J)
Estimated Equalized Valuation (as of 10/01/2008)2,660,540,571 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1000.8011 (L)
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FAR HILLS BOROUGH
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,454,800 (A)
Estimated Net Taxable Valuation (as of 10/01/2008)508,604,897 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1000.2860 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,642,504 (D)
Estimated Net Taxable Valuation (as of 10/01/2008)508,604,897 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1000.3229 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,454,800 (G)
Estimated Equalized Valuation (as of 10/01/2008)505,774,618 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1000.2876 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,642,504 (J)
Estimated Equalized Valuation (as of 10/01/2008)505,774,618 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1000.3248 (L)
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PEAPACK-GLADSTONE BOROUGH
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,470,708 (A)
Estimated Net Taxable Valuation (as of 10/01/2008)826,529,097 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x1000.6619 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,176,559 (D)
Estimated Net Taxable Valuation (as of 10/01/2008)826,529,097 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x1000.7473 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,470,708 (G)
Estimated Equalized Valuation (as of 10/01/2008)856,030,288 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x1000.6391 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,176,559 (J)
Estimated Equalized Valuation (as of 10/01/2008)856,030,288 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x1000.7215 (L)