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User Friendly Budgets
2012-13

MERCER - HOPEWELL VALLEY REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2010
Actual
October 15, 2011
Actual
October 15, 2012
Estimated
Pupils on Roll Regular Full-Time3,3343,2563,215
Pupils on Roll Regular Shared-Time131515
spacing
Pupils on Roll - Special Full-Time504512496
Pupils on Roll - Special Shared-Time171414
Private School Placements343542
spacing
Pupils Sent to Other Dists-Spec Ed Prog252219
Pupils Received222124

 

Advertised Revenues
Budget CategoryAccount2010-11
Actual
2011-12
Revised
2012-13
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 870,409 1,597,049
Withdrawal from Cap Res-for Local Share 10-307 0 332,982 0
Transfers from Other Funds 10-5200 0 0 217,148
Revenues from Local Sources:
Local Tax Levy 10-1210 62,360,557 63,295,965 64,435,292
Other Local Governmental Units - Restricted 10-12XX 0 0 500,000
Tuition 10-1300 255,912 161,755 161,755
Transportation Fees from Individuals 10-1410 80,373 70,762 70,762
Interest Earned on Maintenance Reserve 10-1XXX 104 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 2,343 0 0
Unrestricted Miscellaneous Revenues 10-1XXX 701,791 602,000 645,000
SUBTOTAL  63,401,080 64,130,482 65,812,809
Revenues from State Sources:
Extraordinary Aid 10-3131 319,316 0 0
Other State Aids 10-3XXX 35,839 0 0
Categorical Special Education Aid 10-3132 625,858 1,312,208 2,095,033
Categorical Security Aid 10-3177 0 0 51,874
Categorical Transportation Aid 10-3121 0 0 343,706
SUBTOTAL  981,013 1,312,208 2,490,613
Revenues from Federal Sources:
SUBTOTAL  0 138,544 0
Adjustment for Prior Year Encumbrances  0 712,641 0
Actual Revenues (Over)/Under Expenditures  1,019,736 0 0
TOTAL OPERATING BUDGET  65,401,829 67,497,266 70,117,619
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 38,621 42,113 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 69,236 73,227 62,242
TOTAL REVENUES FROM STATE SOURCES  69,236 73,227 62,242
Revenues from Federal Sources:
Title I 20-4411-4416 104,551 83,090 68,965
Title II 20-4451-4455 81,975 55,532 42,196
Title IV 20-4471-4474 3,541 0 0
I.D.E.A. Part B (Handicapped) 20-4420-4429 1,664,106 880,704 877,755
Other 20-4XXX 15,067 0 0
TOTAL REVENUES FROM FEDERAL SOURCES  1,869,240 1,019,326 988,916
TOTAL GRANTS AND ENTITLEMENTS  1,977,097 1,134,666 1,051,158
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 756 199,642
Transfers from Other Funds 40-5200 395 0 0
Transfers from Capital Reserve 40-5210 700,000 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 4,266,500 4,788,911 4,558,625
Miscellaneous 40-1XXX 14,234 0 0
TOTAL REVENUES FROM LOCAL SOURCES  4,280,734 4,788,911 4,558,625
TOTAL LOCAL REPAYMENT OF DEBT  4,981,129 4,789,667 4,758,267
Actual Revenues (Over)/Under Expenditures  -196,844 0 0
TOTAL REPAYMENT OF DEBT  4,784,285 4,789,667 4,758,267
TOTAL REVENUES/SOURCES  72,163,211 73,421,599 75,927,044
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Transfers from Capital Reserve 40-5210 700,000 0 0
TOTAL REVENUES/SOURCES NET OF TRANSFERS  71,463,211 73,421,599 75,927,044

 

Advertised Appropriations
Budget CategoryAccount2010-11
Expenditures
2011-12
Rev. Approp.
2012-13
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX24,022,76324,383,27624,807,480
Special Education 11-2XX-100-XXX4,098,6293,895,8934,610,434
Basic Skills/Remedial 11-230-100-XXX1,123,3981,194,4551,324,752
Bilingual Education 11-240-100-XXX53,45361,92662,870
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX170,504178,260207,084
School Sponsored Athletics 11-402-100-XXX822,083844,827854,861
Support Services:
Tuition 11-000-100-XXX2,363,4332,931,2212,993,846
Attendance and Social Work Services 11-000-211-XXX7,8074,2977,755
Health Services 11-000-213-XXX602,504613,323618,680
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217851,5341,170,660891,467
Guidance 11-000-218-XXX1,248,9191,243,0051,222,356
Child Study Teams 11-000-219-XXX2,153,5292,243,6532,319,790
Improvement of Instructional Services 11-000-221-XXX1,412,0221,292,2191,211,171
Educational Media Services - School Library 11-000-222-XXX473,379420,390543,365
Instructional Staff Training Services 11-000-223-XXX05,5200
General Administration 11-000-230-XXX675,014988,512996,610
School Administration 11-000-240-XXX2,081,5602,338,7822,167,634
Central Svcs & Admin Info Technology 11-000-25X-XXX1,142,9471,420,4451,200,037
Operation and Maintenance of Plant Services 11-000-26X-XXX5,625,7816,217,0666,302,488
Student Transportation Services 11-000-270-XXX3,574,3673,818,2503,968,241
Personal Services - Employee Benefits 11-XXX-XXX-2XX10,952,65911,110,19112,612,225
Total Support Services Expenditures 33,165,45535,817,53437,055,665
TOTAL GENERAL CURRENT EXPENSE 63,456,28566,376,17168,923,146
CAPITAL EXPENDITURES
Equipment 12-XXX-XXX-73X52,228442,799256,275
Facilities Acquisition and Construction Services 12-000-4XX-XXX176,998450,091701,068
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931811,96400
Capital Reserve-Transfer to Repayment of Debt 12-000-4XX-933700,00000
TOTAL CAPITAL EXPENDITURES 1,741,190892,890957,343
Summer School:
Instruction 13-422-100-XXX204,354228,205237,130
Total Summer School 204,354228,205237,130
TOTAL SPECIAL SCHOOLS 204,354228,205237,130
OPERATING BUDGET GRAND TOTAL 65,401,82967,497,26670,117,619
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX38,62142,1130
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX24,61220,13917,118
Nonpublic Auxiliary Services 20-XXX-XXX-XXX9761,42220,673
Nonpublic Handicapped Services 20-XXX-XXX-XXX15,15922,9000
Nonpublic Nursing Services 20-XXX-XXX-XXX28,48928,76624,451
Total State Projects 69,23673,22762,242
Federal Projects:
Title I 20-XXX-XXX-XXX104,55183,09068,965
Title II 20-XXX-XXX-XXX81,97555,53242,196
Title IV 20-XXX-XXX-XXX3,54100
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX1,664,106880,704877,755
Other Special Projects 20-XXX-XXX-XXX15,06700
Total Federal Projects 1,869,2401,019,326988,916
TOTAL GRANTS AND ENTITLEMENTS 1,977,0971,134,6661,051,158
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX4,784,2854,789,6674,758,267
TOTAL REPAYMENT OF DEBT 4,784,2854,789,6674,758,267
Total Expenditures 72,163,21173,421,59975,927,044
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 71,463,21173,421,59975,927,044

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/10
Audited
Balance
6/30/11
Estimated
Balance
6/30/12
Estimated
Balance
6/30/13
Unassigned:
  General Operating Budget3,417,8241,802,0432,932,7421,335,693
  Repayment of Debt3,554200,398199,6420
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve1,611,3422,145,4461,812,4641,812,464
      Adult Education Programs0000
      Maintenance Reserve58,67388,48888,48888,488
      Legal Reserve1,118,203686,70600
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Restricted for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2009-10
Actual
2010-11
Actual
2011-12
Original
Budget
2011-12
Revised
Budget
2012-13
Proposed
Budget
Total Budgetary Comparative Per Pupil Cost14,64814,99715,45615,75716,625
Total Classroom Instruction9,2719,5269,6349,73810,524
Classroom-Salaries and Benefits8,7378,9899,0889,1679,906
Classroom-General Supplies and Textbooks320292365393420
Classroom-Purchased Services and Other214245181178198
Total Support Services2,1962,1792,2472,2802,299
Support Services-Salaries and Benefits2,0021,9982,0352,0792,093
Total Administrative Costs1,2121,2381,3541,4841,432
Administration-Salaries and Benefits1,0201,0521,0811,0871,145
Legal Costs019284040
Total Operations and Maintenance of Plant1,5731,6471,7961,8301,910
Operations & Maintenance of Plant-Salary & Ben.860859874884960
Board Contribution to Food Services00000
Total Extracurricular Costs305308319321342
Total Equipment Costs121410411769
Employee Benefits as a % of Salaries25.126.628.126.729.5

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2012 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 2011-12 revised appropriations and 2012-13 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
Hopewell Township500,000 HT trans excess rev to build bball field
Total Unusual Revenues500,000 

 

Shared Services
  • Inter-Local Agreements with Municipalities:
  • Gasoline purchased from Hopewell Township
  • Engineering services provided by Hopewell Township, at Township rate
  • Athletic field development supported by Hopewell Township with in kind se
  • rvices
  • 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 Recreations Foundation
  • Grants provided by Education Foundation
  • Shared Services with Other Districts
  • Transportation agreement with Mercer County Special Services
  • Participates in the BCIJIF joint insurance fund
  • ACES - gas/electric cooperative
  • ACT - telephone rate consortium
  • Hunterdon County Educational Services Commisssion - CO-OP for office supp
  • lies, furniture, custodial supplies, health supplies, physical education
  • supplies, and science supplies
  • Educational Services Commission of Morris County- CO-OP for service trade
  • s and school supplies
  • Middlesex Regional Education Services Commission - CO-OP for buses, Non-p
  • ublic grants
  • Mercer County Special Services-CO-OP for toner
  • Cooperative Professional Development
  • Networking with Princton University, The College of NJ, Rider University

 

Estimated Tax Rate Information
HOPEWELL BOROUGH
A. Estimated 12-13 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy4,188,180 (A)
Estimated Net Taxable Valuation (as of 02/22/2012)347,221,855 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)x1001.2062 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,494,251 (D)
Estimated Net Taxable Valuation (as of 02/22/2012)347,221,855 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)x1001.2943 (F)
B. Estimated 12-13 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy4,188,180 (G)
Estimated Equalized Valuation (as of 10/01/2011)331,167,907 (H)
Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)x1001.2647 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,494,251 (J)
Estimated Equalized Valuation (as of 10/01/2011)331,167,907 (K)
Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)x1001.3571 (L)
spacing
HOPEWELL TWP
A. Estimated 12-13 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy53,296,325 (A)
Estimated Net Taxable Valuation (as of 02/22/2012)4,057,775,200 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)x1001.3134 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy57,166,011 (D)
Estimated Net Taxable Valuation (as of 02/22/2012)4,057,775,200 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)x1001.4088 (F)
B. Estimated 12-13 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy53,296,325 (G)
Estimated Equalized Valuation (as of 10/01/2011)4,115,258,521 (H)
Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)x1001.2951 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy57,166,011 (J)
Estimated Equalized Valuation (as of 10/01/2011)4,115,258,521 (K)
Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)x1001.3891 (L)
spacing
PENNINGTON BOR
A. Estimated 12-13 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,381,123 (A)
Estimated Net Taxable Valuation (as of 02/22/2012)496,426,813 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)x1001.2854 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,844,592 (D)
Estimated Net Taxable Valuation (as of 02/22/2012)496,426,813 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)x1001.3788 (F)
B. Estimated 12-13 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy6,381,123 (G)
Estimated Equalized Valuation (as of 10/01/2011)493,323,154 (H)
Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)x1001.2935 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,844,592 (J)
Estimated Equalized Valuation (as of 10/01/2011)493,323,154 (K)
Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)x1001.3874 (L)

 

Administrative Salaries
Employee Name: DENNIS SCHMIDT 
Job TitleCoordinator/Dir./Mgr./Supvr. 
Base Annual Salary104,025 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2011 
  Ending Date of Contract06/30/2012 
  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 Amount10,002 
  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 Salary82,881 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2011 
  Ending Date of Contract06/30/2012 
  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 Amount7,969 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of Contract 
   Buyback of Personal Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   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 Salary147,792 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2011 
  Ending Date of Contract06/30/2012 
  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 Amount29,211 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of ContractRETIREMENT AT LEAST 10 CONSEC, YRS-CAP 
   Buyback of Personal Days at the End of ContractDAILY RATE X 25 POTENTIAL DAYS 
   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 Salary133,608 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2011 
  Ending Date of Contract06/30/2012 
  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 Amount12,847 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of Contract 
   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 Salary176,800 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2011 
  Ending Date of Contract06/30/2012 
  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 Amount17,000 
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of Contract 
   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