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User Friendly Budgets
2011-2012

MERCER - HOPEWELL VALLEY REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2009
Actual
October 15, 2010
Actual
October 15, 2011
Estimated
Pupils on Roll Regular Full-Time3,4063,3343,339
Pupils on Roll Regular Shared-Time16137
spacing
Pupils on Roll - Special Full-Time521504464
Pupils on Roll - Special Shared-Time181715
Private School Placements423437
spacing
Pupils Sent to Other Dists-Spec Ed Prog272523
Pupils Received232223
Pupils in State Facilities100

 

Advertised Revenues
Budget CategoryAccount2009-10
Actual
2010-11
Revised
2011-12
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 2,452,400 870,409
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 1,000,000 0 0
Withdrawal from Cap Res-for Local Share 10-307 0 1,540,245 0
Revenues from Local Sources:
Local Tax Levy 10-1210 61,332,166 62,360,557 63,295,965
Tuition 10-1300 313,796 261,816 161,755
Transportation Fees from Individuals 10-1410 84,360 70,000 70,762
Interest Earned on Maintenance Reserve 10-1XXX 100 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 2,751 0 0
Unrestricted Miscellaneous Revenues 10-1XXX 1,219,100 550,000 602,000
SUBTOTAL  62,952,273 63,242,373 64,130,482
Revenues from State Sources:
Extraordinary Aid 10-3131 495,794 0 0
Other State Aids 10-3XXX 26,497 0 0
Categorical Special Education Aid 10-3132 2,093,000 625,858 1,312,208
Categorical Security Aid 10-3177 232,759 0 0
Categorical Transportation Aid 10-3121 1,089,141 0 0
SUBTOTAL  3,937,191 625,858 1,312,208
Revenues from Federal Sources:
Education Jobs Fund 18-4522 0 0 134,336
SUBTOTAL  0 0 134,336
Adjustment for Prior Year Encumbrances  0 158,515 0
Actual Revenues (Over)/Under Expenditures  -1,007,715 0 0
TOTAL OPERATING BUDGET  65,881,749 68,019,391 66,447,435
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 53,677 81,741 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 83,259 72,295 61,451
TOTAL REVENUES FROM STATE SOURCES  83,259 72,295 61,451
Revenues from Federal Sources:
Title I 20-4411-4416 34,944 106,509 67,286
Title II 20-4451-4455 0 87,864 48,371
Title IV 20-4471-4474 0 3,541 0
I.D.E.A. Part B (Handicapped) 20-4420-4429 824,648 1,667,055 800,000
Other 20-4XXX 160,976 14,767 0
TOTAL REVENUES FROM FEDERAL SOURCES  1,020,568 1,879,736 915,657
TOTAL GRANTS AND ENTITLEMENTS  1,157,504 2,033,772 977,108
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 2,798 756
Transfers from Capital Reserve 40-5210 1,000,000 700,000 0
Revenues from Local Sources:
Local Tax Levy 40-1210 3,940,662 4,266,500 4,788,911
Miscellaneous 40-1XXX 756 0 0
TOTAL REVENUES FROM LOCAL SOURCES  3,941,418 4,266,500 4,788,911
TOTAL LOCAL REPAYMENT OF DEBT  4,941,418 4,969,298 4,789,667
Actual Revenues (Over)/Under Expenditures  26,851 0 0
TOTAL REPAYMENT OF DEBT  4,968,269 4,969,298 4,789,667
TOTAL REVENUES/SOURCES  72,007,522 75,022,461 72,214,210
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Transfers from Capital Reserve 40-5210 1,000,000 700,000 0
TOTAL REVENUES/SOURCES NET OF TRANSFERS  71,007,522 74,322,461 72,214,210

 

Advertised Appropriations
Budget CategoryAccount2009-10
Expenditures
2010-11
Rev. Approp.
2011-12
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX24,738,72424,448,35524,029,382
Special Education 11-2XX-100-XXX3,937,7304,174,4773,877,296
Basic Skills/Remedial 11-230-100-XXX832,543820,1401,171,747
Bilingual Education 11-240-100-XXX32,91633,84258,888
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX197,791176,868191,229
School Sponsored Athletics 11-402-100-XXX817,751805,290829,513
Support Services:
Tuition 11-000-100-XXX3,051,6682,677,3302,985,471
Attendance and Social Work Services 11-000-211-XXX3,4625,2971,297
Health Services 11-000-213-XXX591,399626,278598,506
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217854,228880,7211,256,368
Guidance 11-000-218-XXX1,332,4651,276,0731,234,659
Child Study Teams 11-000-219-XXX2,190,0152,146,0672,146,484
Improvement of Instructional Services 11-000-221-XXX1,549,7771,468,4911,203,080
Educational Media Services - School Library 11-000-222-XXX529,966502,305416,100
Instructional Staff Training Services 11-000-223-XXX09,9009,999
General Administration 11-000-230-XXX681,437945,162870,617
School Administration 11-000-240-XXX2,129,3592,358,0552,125,457
Central Svcs & Admin Info Technology 11-000-25X-XXX1,147,8761,406,7031,263,412
Operation and Maintenance of Plant Services 11-000-26X-XXX5,503,6976,543,7136,118,219
Student Transportation Services 11-000-270-XXX3,621,1033,839,2523,824,337
Personal Services - Employee Benefits 11-XXX-XXX-2XX10,496,27110,907,65811,547,483
Total Support Services Expenditures 33,682,72335,593,00535,601,489
TOTAL GENERAL CURRENT EXPENSE 64,240,17866,051,97765,759,544
CAPITAL EXPENDITURES
Equipment 12-XXX-XXX-73X47,85061,237397,067
Facilities Acquisition and Construction Services 12-000-4XX-XXX169,162159,946117,109
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931201,172840,2450
Capital Reserve-Transfer to Repayment of Debt 12-000-4XX-9331,000,000700,0000
TOTAL CAPITAL EXPENDITURES 1,418,1841,761,428514,176
Summer School:
Instruction 13-422-100-XXX223,387205,986173,715
Total Summer School 223,387205,986173,715
TOTAL SPECIAL SCHOOLS 223,387205,986173,715
OPERATING BUDGET GRAND TOTAL 65,881,74968,019,39166,447,435
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX53,67781,7410
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX26,56124,61220,920
Nonpublic Auxiliary Services 20-XXX-XXX-XXX1,43597615,742
Nonpublic Handicapped Services 20-XXX-XXX-XXX23,76617,5440
Nonpublic Nursing Services 20-XXX-XXX-XXX31,49729,16324,789
Total State Projects 83,25972,29561,451
Federal Projects:
Title I 20-XXX-XXX-XXX34,944106,50967,286
Title II 20-XXX-XXX-XXX087,86448,371
Title IV 20-XXX-XXX-XXX03,5410
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX824,6481,667,055800,000
Other Special Projects 20-XXX-XXX-XXX160,97614,7670
Total Federal Projects 1,020,5681,879,736915,657
TOTAL GRANTS AND ENTITLEMENTS 1,157,5042,033,772977,108
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX4,968,2694,969,2984,789,667
TOTAL REPAYMENT OF DEBT 4,968,2694,969,2984,789,667
Total Expenditures 72,007,52275,022,46172,214,210
Capital Reserve - Transfer to Repayment of Debt 12-000-400-9331,000,000700,0000
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 71,007,52274,322,46172,214,210

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/09
Audited
Balance
6/30/10
Estimated
Balance
6/30/11
Estimated
Balance
6/30/12
Unassigned:
  General Operating Budget2,396,7733,417,8241,540,9211,357,218
  Repayment of Debt30,4053,5547560
Restricted for Specific Purposes:
  General Operating Budget:
      Capital Reserve1,812,5141,611,34271,09771,097
      Adult Education Programs0000
      Maintenance Reserve58,67358,67358,67358,673
      Legal Reserve431,4971,118,203686,7060
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Restricted for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2008-09
Actual
2009-10
Actual
2010-11
Original
Budget
2010-11
Revised
Budget
2011-12
Proposed
Budget
Total Comparative Per Pupil Cost14,30114,64815,30715,45215,456
Total Classroom Instruction9,0489,2719,5019,5089,634
Classroom-Salaries and Benefits8,3998,7378,9128,9159,088
Classroom-General Supplies and Textbooks374320320323365
Classroom-Purchased Services and Other275214269270181
Total Support Services2,0242,1962,2272,2172,247
Support Services-Salaries and Benefits1,8362,0022,0412,0282,035
Total Administrative Costs1,2221,2121,3321,4461,354
Administration-Salaries and Benefits9781,0201,0721,0711,081
Legal Costs019494950
Total Operations and Maintenance of Plant1,6071,5731,8511,8801,796
Operations & Maintenance of Plant-Salary & Ben.751860870870874
Total Food Services Costs00000
Total Extracurricular Costs316305295299319
Total Equipment Costs156121616104
Employee Benefits as a % of Salaries23.225.127.326.328.1

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2011 Taxpayers Guide to Education Spending (formerly Comparative Spending Guide) and can be found on the Department of Education's Internet address: http://www.state.nj.us/education under Finance. This publication is available in the board office and public libraries. The same calculations were performed using the 2010-11 revised appropriations and 2011-12 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
  • Engineering services provided by Hopewell Township engineer at Township r
  • ate
  • Athletic field development supported by Hopewell Township with in kind se
  • rvices
  • Snow removal and other emergency response done with Hopewell Township ass
  • istance
  • Public works antenna tower used by district
  • Custodial services provided to Pennington Borough by district
  • District's TV studio used by municipalities
  • Agreements with Local Foundation
  • Athletic field development project with Recreation Foundation
  • Grants provided by Education Foundation
  • Shared Services with Other Districts
  • Transportation agreement with Mercer County Special Services
  • Participates in the SAIF joint insurance fund
  • ACES - gas/electric cooperative
  • ACT - telephone rate consortium
  • Hunterdon County Educational Services Commission - CO-OP for Office suppl
  • ies, furniture, custodial supplies, health supplies, physical education s
  • upplies, science supplies
  • Educational Services Commission of Morris County - CO-OP for services tra
  • des/school supplies
  • Middlesex Regional Edcucational Services Commission - CO-OP for buses, NO
  • n Public services
  • Rutgers Green Purchasing Cooperative Program - CO-OP for recycled paper,
  • trash bags, food services supplies, green cleaning chemicals, biodiesel f
  • uel
  • Mercer County Special Services - CO-OP for toner
  • Cooperative Professional Development
  • Networking with Princeton University, The College of NJ, and Rider Univ.

 

Estimated Tax Rate Information
HOPEWELL BOROUGH
A. Estimated 11-12 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,999,734 (A)
Estimated Net Taxable Valuation (as of 03/01/2011)350,232,655 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)x1001.1420 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,293,645 (D)
Estimated Net Taxable Valuation (as of 03/01/2011)350,232,655 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)x1001.2259 (F)
B. Estimated 11-12 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,999,734 (G)
Estimated Equalized Valuation (as of 10/01/2010)323,102,137 (H)
Estimated 11-12 Equalized General Fund School Tax Rate=(G)/(H)x1001.2379 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,293,645 (J)
Estimated Equalized Valuation (as of 10/01/2010)323,102,137 (K)
Estimated 11-12 Equalized Total School Tax Rate=(J)/(K)x1001.3289 (L)
spacing
HOPEWELL TWP
A. Estimated 11-12 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy52,476,059 (A)
Estimated Net Taxable Valuation (as of 03/01/2011)4,183,850,189 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)x1001.2543 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy56,324,334 (D)
Estimated Net Taxable Valuation (as of 03/01/2011)4,183,850,189 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)x1001.3462 (F)
B. Estimated 11-12 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy52,476,059 (G)
Estimated Equalized Valuation (as of 10/01/2010)4,214,455,978 (H)
Estimated 11-12 Equalized General Fund School Tax Rate=(G)/(H)x1001.2451 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy56,324,334 (J)
Estimated Equalized Valuation (as of 10/01/2010)4,214,455,978 (K)
Estimated 11-12 Equalized Total School Tax Rate=(J)/(K)x1001.3365 (L)
spacing
PENNINGTON BOR
A. Estimated 11-12 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,352,468 (A)
Estimated Net Taxable Valuation (as of 03/01/2011)498,135,705 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)x1001.2752 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,816,350 (D)
Estimated Net Taxable Valuation (as of 03/01/2011)498,135,705 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)x1001.3684 (F)
B. Estimated 11-12 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,352,468 (G)
Estimated Equalized Valuation (as of 10/01/2010)503,962,775 (H)
Estimated 11-12 Equalized General Fund School Tax Rate=(G)/(H)x1001.2605 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,816,350 (J)
Estimated Equalized Valuation (as of 10/01/2010)503,962,775 (K)
Estimated 11-12 Equalized Total School Tax Rate=(J)/(K)x1001.3526 (L)

 

Administrative Salaries
Employee Name: DENNIS SCHMIDT 
Job TitleCoordinator/Dir./Mgr./Supvr. 
Base Annual Salary101,985 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2010 
  Ending Date of Contract06/30/2011 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 25 
  Contracted Number of Annual Sick Days 12 
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount9,806 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments 
Employee Name: JOHN AGOURIDES 
Job TitleCoordinator/Dir./Mgr./Supvr. 
Base Annual Salary81,256 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2010 
  Ending Date of Contract06/30/2011 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 25 
  Contracted Number of Annual Sick Days 12 
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount7,813 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments 
Employee Name: RICHARD LANG 
Job TitleAssistant Superintendent 
Base Annual Salary142,794 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2010 
  Ending Date of Contract06/30/2011 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 25 
  Contracted Number of Annual Sick Days 12 
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances4,550 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount28,730 
  Description of: 
   Buyback of Sick Days at the End of ContractRETIREMENT AT LEAST 10 CONSEC, YRS-CAP 
   Buyback of Vacation Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments 
Employee Name: ROBERT COLAVITA 
Job TitleBusiness Administrator 
Base Annual Salary129,090 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2010 
  Ending Date of Contract06/30/2011 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 25 
  Contracted Number of Annual Sick Days 12 
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances4,500 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount12,412 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments 
Employee Name: THOMAS SMITH 
Job TitleSuperintendent 
Base Annual Salary170,000 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract06/01/2009 
  Ending Date of Contract06/13/2013 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 25 
  Contracted Number of Annual Sick Days 36 
  Contracted Number of Annual Personal Days13 
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances3,000 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount16,346 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments