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User Friendly Budgets
2008

MERCER - PRINCETON REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time3,1873,2333,256
Pupils on Roll Regular Shared-Time133
spacing
Pupils on Roll - Special Full-Time368395395
Pupils on Roll - Special Shared-Time888
Private School Placements545959
spacing
Pupils Sent to Other Districts-Reg Prog122
Pupils Sent to Other Dists-Spec Ed Prog272729
Pupils Received299297324
Pupils in State Facilities400

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 4,227,867 3,379,646
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 0 700,000
Revenues from Local Sources:
Local Tax Levy 10-1210 54,925,520 55,135,268 56,965,650
Other Local Governmental Units - Restricted 10-12XX 0 140,000 150,000
Tuition 10-1300 3,825,942 4,174,505 4,719,122
Transportation Fees from Individuals 10-1410 138,727 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 0 30,000 39,000
Other Restricted Miscellaneous Revenues 10-1XXX 0 132,000 154,000
Unrestricted Miscellaneous Revenues 10-1XXX 1,004,045 455,000 539,500
SUBTOTAL  59,894,234 60,066,773 62,567,272
Revenues from State Sources:
Transportation Aid 10-3120 312,329 312,329 0
Special Education Aid 10-3130 2,692,369 2,692,369 0
Bilingual Education 10-3140 154,266 154,266 0
Extraordinary Aid 10-3131 279,580 0 560,993
Consolidated Aid 10-3195 235,129 235,129 0
Additional Formula Aid 10-3196 107,105 217,423 0
Other State Aids 10-3XXX 17,702 0 1,889,827
Categorical Special Education Aid 10-3132 0 0 1,664,327
Categorical Security Aid 10-3177 0 0 249,328
Adjustment Aid 10-3178 0 0 973,079
Categorical Transportation Aid 10-3121 0 0 710,384
SUBTOTAL  3,798,480 3,611,516 6,047,938
Adjustment for Prior Year Encumbrances  0 2,182,801 0
Actual Revenues (Over)/Under Expenditures  -1,893,924 0 0
TOTAL OPERATING BUDGET  61,798,790 70,088,957 72,694,856
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 131,415 0 0
Revenues from State Sources:
Demonstrably Effective Program Aid 20-3212 100,760 100,760 0
Preschool Education Aid 20-3218 0 0 49,500
Instructional Supplement Aid 20-3214 75,303 75,303 0
Other Restricted Entitlements 20-32XX 747,856 773,634 774,000
TOTAL REVENUES FROM STATE SOURCES  923,919 949,697 823,500
Revenues from Federal Sources:
Title I 20-4411-4416 85,610 109,000 135,000
I.D.E.A. Part B (Handicapped) 20-4420-4429 927,180 880,000 947,000
Other 20-4XXX 266,671 136,000 157,000
TOTAL REVENUES FROM FEDERAL SOURCES  1,279,461 1,125,000 1,239,000
TOTAL GRANTS AND ENTITLEMENTS  2,334,795 2,074,697 2,062,500
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 583,758 550,020
Transfers from Other Funds 40-5200 550,020 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 4,863,904 4,891,397 4,883,272
TOTAL REVENUES FROM LOCAL SOURCES  4,863,904 4,891,397 4,883,272
TOTAL LOCAL REPAYMENT OF DEBT  5,413,924 5,475,155 5,433,292
Actual Revenues (Over)/Under Expenditures  93,893 0 0
TOTAL REPAYMENT OF DEBT  5,507,817 5,475,155 5,433,292
TOTAL REVENUES/SOURCES  69,641,402 77,638,809 80,190,648

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX18,758,03020,244,31621,184,488
Special Education 11-2XX-100-XXX3,809,3354,007,8654,319,639
Basic Skills/Remedial 11-230-100-XXX794,0031,310,8521,371,705
Bilingual Education 11-240-100-XXX651,306625,749688,536
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX203,228268,054291,843
School Sponsored Athletics 11-402-100-XXX885,412978,531966,249
Support Services:
Tuition 11-000-100-XXX3,882,3745,638,0144,965,991
Attendance and Social Work Services 11-000-211-XXX195,748315,388286,271
Health Services 11-000-213-XXX486,603475,363452,923
Students - Related & Extraordinary 11-000-216,217969,1341,040,8611,090,859
Guidance 11-000-218-XXX1,458,8101,582,9521,641,642
Child Study Teams 11-000-219-XXX2,612,0222,792,0792,956,762
Improvement of Instructional Services 11-000-221-XXX160,535229,252172,462
Educational Media Services - School Library 11-000-222-XXX1,213,4141,316,3751,511,578
Instructional Staff Training Services 11-000-223-XXX816,023941,7971,024,482
General Administration 11-000-230-XXX753,3141,027,084933,475
School Administration 11-000-240-XXX1,848,6051,817,4351,856,631
Central Svcs & Admin Info Technology 11-000-25X-XXX1,133,2341,172,8491,173,939
Operation and Maintenance of Plant Services 11-000-26X-XXX5,437,9056,762,4175,925,081
Student Transportation Services 11-000-270-XXX2,961,4133,600,2333,703,473
Other Support Services 11-000-290-XXX1,06500
Personal Services - Employee Benefits 11-XXX-XXX-2XX7,687,7578,866,9599,891,312
Food Services 11-000-310-XXX35,00040,00025,000
Total Support Services Expenditures 31,652,95637,619,05837,611,881
TOTAL GENERAL CURRENT EXPENSE 56,754,27065,054,42566,434,341
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-60400700,000
Interest Earned on Capital Reserve 10-604030,00039,000
Equipment 12-XXX-XXX-73X218,46793,98140,139
Facilities Acquisition and Construction Services 12-000-4XX-XXX1,699,0542,087,170800,000
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931700,00000
TOTAL CAPITAL EXPENDITURES 2,617,5212,211,1511,579,139
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X2,426,9992,823,3814,681,376
OPERATING BUDGET GRAND TOTAL 61,798,79070,088,95772,694,856
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX131,41500
Early Childhood Program Aid:
Instruction 20-211-100-XXX0049,500
TOTAL EARLY CHILDHOOD PROGRAM AID 0049,500
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX100,760100,7600
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 100,760100,7600
Instructional Supplement Aid:
Instruction 20-214-100-XXX69,30375,3030
Contribution to Charter Schools 20-214-100-56X6,00000
TOTAL INSTRUCTIONAL SUPPLEMENT AID 75,30375,3030
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX149,246153,702147,000
Nonpublic Auxiliary Services 20-XXX-XXX-XXX79,75993,392124,000
Nonpublic Handicapped Services 20-XXX-XXX-XXX165,501214,095188,000
Nonpublic Nursing Services 20-XXX-XXX-XXX204,485204,485208,000
Nonpublic Technology Initiative 20-XXX-XXX-XXX106,397107,960107,000
Other Special Projects 20-XXX-XXX-XXX42,46800
Total State Projects 923,919949,697823,500
Federal Projects:
Title I 20-XXX-XXX-XXX85,610109,000135,000
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX927,180880,000947,000
Other Special Projects 20-XXX-XXX-XXX266,671136,000157,000
Total Federal Projects 1,279,4611,125,0001,239,000
TOTAL GRANTS AND ENTITLEMENTS 2,334,7952,074,6972,062,500
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX5,507,8175,475,1555,433,292
TOTAL REPAYMENT OF DEBT 5,507,8175,475,1555,433,292
Total Expenditures 69,641,40277,638,80980,190,648

 

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 Budget2,210,1123,487,8384,084,781967,221
  Repayment of Debt1,227,6711,133,778550,0200
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve1,198,928908,489938,4891,677,489
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve2,975,8063,235,373962,0860
      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 Cost14,09814,74316,83416,74917,290
Total Classroom Instruction8,1588,5639,7649,56510,120
Classroom-Salaries and Benefits7,6438,0239,0738,8799,439
Classroom-General Supplies and Textbooks352374468475448
Classroom-Purchased Services and Other163166223211233
Total Support Services2,5602,6682,9663,0123,233
Support Services-Salaries and Benefits2,2302,3382,6852,6352,835
Total Administrative Costs1,3141,3051,4301,4231,423
Administration-Salaries and Benefits1,1151,1311,1921,1651,200
Total Operations and Maintenance of Plant1,6701,7862,1742,2492,007
Operations & Maintenance of Plant-Salary & Ben.9179821,2111,1661,181
Total Food Services Costs61012128
Total Extracurricular Costs351376438439450
Total Equipment Costs5265262812
Employee Benefits as a % of Salaries21.521.222.522.624.1

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 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.

 

Unusual Revenues and Appropriations
SourceAmountDescription
State Aid - new1,889,827 State aid to support new funding formula
Total Unusual Revenues1,889,827 
Princeton Charter School1,966,683 New Funding formula impact on tuition
NJ Div of Pensions428,418 Increase to 100% contribution in PERS
Total Unusual Appropriations2,395,101 

 

Shared Services
  • Electric and Gas Consortium - ACES
  • Transportation jointures with other school districts and Mer Cty Spec Svc
  • Joint Purchasing of fuel with Municipalities
  • Exchange of some maintenance services between District and Municipalities
  • Joint Insurance Fund for general liability, work comp, and property ins.
  • Shared fields and spaces with Municipality recreational programs
  • Benchmarking consortium with high performing schools for curriculum and
  • professional development
  • Community partnerships with Princeton Young Achievers,Local YMCA and YWCA
  • Educational partnership with Princeton University
  • After school program agreements with the Local YMCA and YWCA
  • Partnerships with specialized social service agencies and providers such
  • as Corner House and Hi Tops
  • Purchasing Cooperative Memberships:
  • Educational Data Services
  • National Joint Powers Alliance
  • Mercer County Cooperative Pricing System
  • New Jersey State Contracts
  • WSCA Agreement (computer equipment purchases)

 

Estimated Tax Rate Information
PRINCETON BOROUGH
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,671,874 (A)
Estimated Net Taxable Valuation (as of 02/07/2008)1,003,940,600 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.8599 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy20,272,485 (D)
Estimated Net Taxable Valuation (as of 02/07/2008)1,003,940,600 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1002.0193 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy18,671,874 (G)
Estimated Equalized Valuation (as of 02/26/2008)2,486,447,583 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.7509 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy20,272,485 (J)
Estimated Equalized Valuation (as of 02/26/2008)2,486,447,583 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.8153 (L)
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PRINCETON TWP
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy38,293,776 (A)
Estimated Net Taxable Valuation (as of 02/07/2008)2,424,581,410 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.5794 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy41,576,437 (D)
Estimated Net Taxable Valuation (as of 02/07/2008)2,424,581,410 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.7148 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy38,293,776 (G)
Estimated Equalized Valuation (as of 02/26/2008)5,078,540,899 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.7540 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy41,576,437 (J)
Estimated Equalized Valuation (as of 02/26/2008)5,078,540,899 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.8187 (L)