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User Friendly Budgets
2008

HUNTERDON - READINGTON TWP

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time1,9551,9151,894
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Pupils on Roll - Special Full-Time279272268
Private School Placements131313
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Pupils Sent to Other Dists-Spec Ed Prog421

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 399,126 378,729
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 1,798,974 0
Transfers from Other Funds 10-5200 13,571 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 27,923,891 27,023,340 28,085,596
Transportation Fees from Other LEAs 10-1420-1440 18,266 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 7,769 20,000 0
Unrestricted Miscellaneous Revenues 10-1XXX 322,620 135,000 135,000
SUBTOTAL  28,272,546 27,178,340 28,220,596
Revenues from State Sources:
Transportation Aid 10-3120 743,654 743,654 0
Special Education Aid 10-3130 1,146,062 1,146,062 0
Bilingual Education 10-3140 11,662 11,662 0
Extraordinary Aid 10-3131 85,434 0 239,454
Consolidated Aid 10-3195 134,787 134,787 0
Additional Formula Aid 10-3196 61,085 124,003 0
Other State Aids 10-3XXX 15,928 0 0
Categorical Special Education Aid 10-3132 0 0 1,151,104
Categorical Security Aid 10-3177 0 0 151,594
Categorical Transportation Aid 10-3121 0 0 779,209
SUBTOTAL  2,198,612 2,160,168 2,321,361
Revenues from Federal Sources:
Medicaid Reimbursement 10-4200 369 0 0
SUBTOTAL  369 0 0
Adjustment for Prior Year Encumbrances  0 1,432,396 0
Actual Revenues (Over)/Under Expenditures  -2,336,143 0 0
TOTAL OPERATING BUDGET  28,148,955 32,969,004 30,920,686
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 2,673 0 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 14,431 0 0
TOTAL REVENUES FROM STATE SOURCES  14,431 0 0
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 642,623 357,034 366,195
Other 20-4XXX 41,206 31,581 33,613
TOTAL REVENUES FROM FEDERAL SOURCES  683,829 388,615 399,808
TOTAL GRANTS AND ENTITLEMENTS  700,933 388,615 399,808
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 130,932 8,539
Transfers from Other Funds 40-5200 135,468 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 2,112,486 2,000,212 2,103,521
TOTAL REVENUES FROM LOCAL SOURCES  2,112,486 2,000,212 2,103,521
Revenues from State Sources:
Debt Service Aid Type II 40-3160 7,130 8,153 8,171
TOTAL LOCAL REPAYMENT OF DEBT  2,255,084 2,139,297 2,120,231
Actual Revenues (Over)/Under Expenditures  -111,552 0 0
TOTAL REPAYMENT OF DEBT  2,143,532 2,139,297 2,120,231
TOTAL REVENUES/SOURCES  30,993,420 35,496,916 33,440,725

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX9,961,86910,121,4399,972,752
Special Education 11-2XX-100-XXX2,302,9772,585,2482,788,831
Basic Skills/Remedial 11-230-100-XXX449,916578,629598,693
Bilingual Education 11-240-100-XXX52,06758,91962,050
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX82,850184,115133,259
School Sponsored Athletics 11-402-100-XXX75,527125,351125,384
Support Services:
Tuition 11-000-100-XXX404,181431,996545,858
Health Services 11-000-213-XXX276,156261,980259,275
Students - Related & Extraordinary 11-000-216,217608,199817,997887,129
Guidance 11-000-218-XXX440,642519,577538,006
Child Study Teams 11-000-219-XXX756,544946,522873,578
Improvement of Instructional Services 11-000-221-XXX244,330318,206306,666
Educational Media Services - School Library 11-000-222-XXX497,132669,286603,440
Instructional Staff Training Services 11-000-223-XXX129,973310,621296,871
General Administration 11-000-230-XXX860,907828,041738,386
School Administration 11-000-240-XXX1,135,6261,208,8561,221,274
Central Svcs & Admin Info Technology 11-000-25X-XXX577,260741,752686,665
Operation and Maintenance of Plant Services 11-000-26X-XXX2,572,6663,029,6242,933,679
Student Transportation Services 11-000-270-XXX1,301,9951,576,5131,568,034
Personal Services - Employee Benefits 11-XXX-XXX-2XX4,204,2894,795,9975,708,881
Total Support Services Expenditures 14,009,90016,456,96817,167,742
TOTAL GENERAL CURRENT EXPENSE 26,935,10630,110,66930,848,711
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6047,7691,798,97461,975
Interest Earned on Capital Reserve 10-604020,0000
Equipment 12-XXX-XXX-73X369,7981,015,41410,000
Facilities Acquisition and Construction Services 12-000-4XX-XXX818,71923,9470
TOTAL CAPITAL EXPENDITURES 1,196,2862,858,33571,975
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X17,56300
OPERATING BUDGET GRAND TOTAL 28,148,95532,969,00430,920,686
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX2,67300
Other State Projects:
Nonpublic Handicapped Services 20-XXX-XXX-XXX3,11100
Nonpublic Nursing Services 20-XXX-XXX-XXX1,11400
Other Special Projects 20-XXX-XXX-XXX10,20600
Total State Projects 14,43100
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX642,623357,034366,195
Other Special Projects 20-XXX-XXX-XXX41,20631,58133,613
Total Federal Projects 683,829388,615399,808
TOTAL GRANTS AND ENTITLEMENTS 700,933388,615399,808
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX2,143,5322,139,2972,120,231
TOTAL REPAYMENT OF DEBT 2,143,5322,139,2972,120,231
Total Expenditures 30,993,42035,496,91633,440,725

 

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 Budget651,7292,713,160562,824562,824
  Repayment of Debt27,919139,4718,5390
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve147,989155,7581,974,7322,036,707
      Adult Education Programs0000
      Maintenance Reserve75,00075,00075,00075,000
      Legal Reserve47,764426,493378,7290
      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 Cost11,45011,08111,92212,58713,000
Total Classroom Instruction7,2086,7996,8947,3097,688
Classroom-Salaries and Benefits6,6736,2436,4336,6937,219
Classroom-General Supplies and Textbooks486497293413321
Classroom-Purchased Services and Other4859168204148
Total Support Services1,5561,5602,0582,0532,099
Support Services-Salaries and Benefits1,2911,3721,6391,6371,747
Total Administrative Costs1,2731,3151,3301,4591,456
Administration-Salaries and Benefits9959409961,0451,130
Total Operations and Maintenance of Plant1,2281,2461,3821,4991,505
Operations & Maintenance of Plant-Salary & Ben.558549617630722
Total Food Services Costs00000
Total Extracurricular Costs10482161167143
Total Equipment Costs1241651274645
Employee Benefits as a % of Salaries23.623.725.52529

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
  • Cooperative Vehicle Fuel Agreement with Township
  • Special Education Transportation with H.C.E.S.C.
  • Special Education Transportation cooperative agreement with Branchburg
  • Facility Use Agreement with Township's Recreation Commission
  • Cooperative Purchase Agreements with ESC for Supplies
  • District participates in School Alliance Insurance Fund
  • District participates in ACES Electric
  • Cooperative Salt purchases with Township
  • Continuing cooperative services meetings with School District and Twp

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy28,085,596 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)2,820,911,243 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.9956 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy30,189,117 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)2,820,911,243 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.0702 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy28,085,596 (G)
Estimated Equalized Valuation (as of 10/01/2007)3,831,917,130 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.7329 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy30,189,117 (J)
Estimated Equalized Valuation (as of 10/01/2007)3,831,917,130 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.7878 (L)