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User Friendly Budgets
2008

HUNTERDON - KINGWOOD TWP

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time442415424
spacing
Pupils on Roll - Special Full-Time464842
Private School Placements222

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 89,252 103,143 51,960
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 7,371 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 4,564,642 4,774,618 4,940,603
Tuition 10-1300 2,000 0 0
Interest Earned on Capital Reserve Funds 10-1XXX 2,835 1,000 1,000
Unrestricted Miscellaneous Revenues 10-1XXX 87,811 15,000 25,000
SUBTOTAL  4,657,288 4,790,618 4,966,603
Revenues from State Sources:
Core Curriculum Standards Aid 10-3111 853,693 853,693 0
Transportation Aid 10-3120 172,785 172,785 0
Special Education Aid 10-3130 250,608 250,608 0
Extraordinary Aid 10-3131 8,271 0 0
Consolidated Aid 10-3195 49,813 49,813 0
Additional Formula Aid 10-3196 40,029 81,915 0
Other State Aids 10-3XXX 28,739 21,873 0
Categorical Special Education Aid 10-3132 0 0 241,168
Equalization Aid 10-3176 0 0 646,945
Categorical Security Aid 10-3177 0 0 31,916
Adjustment Aid 10-3178 0 0 392,512
Categorical Transportation Aid 10-3121 0 0 138,012
SUBTOTAL  1,403,938 1,430,687 1,450,553
Adjustment for Prior Year Encumbrances  0 121,934 0
Actual Revenues (Over)/Under Expenditures  -86,788 0 0
TOTAL OPERATING BUDGET  5,974,438 6,446,382 6,469,116
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 3 0 0
Revenues from State Sources:
Instructional Supplement Aid 20-3214 7,410 7,410 0
Other Restricted Entitlements 20-32XX 975 0 0
TOTAL REVENUES FROM STATE SOURCES  8,385 7,410 0
Revenues from Federal Sources:
Title I 20-4411-4416 14,548 12,366 10,400
I.D.E.A. Part B (Handicapped) 20-4420-4429 84,914 86,874 73,300
Other 20-4XXX 59,614 59,773 10,975
TOTAL REVENUES FROM FEDERAL SOURCES  159,076 159,013 94,675
TOTAL GRANTS AND ENTITLEMENTS  167,464 166,423 94,675
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 0 23,214
Transfers from Other Funds 40-5200 23,214 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 253,953 253,773 230,459
TOTAL REVENUES FROM LOCAL SOURCES  253,953 253,773 230,459
TOTAL LOCAL REPAYMENT OF DEBT  277,167 253,773 253,673
Actual Revenues (Over)/Under Expenditures  -23,214 0 0
TOTAL REPAYMENT OF DEBT  253,953 253,773 253,673
TOTAL REVENUES/SOURCES  6,395,855 6,866,578 6,817,464

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX2,110,9961,994,3452,043,799
Special Education 11-2XX-100-XXX646,805636,326713,174
Basic Skills/Remedial 11-230-100-XXX91,00092,861103,992
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX18,98521,23124,185
School Sponsored Athletics 11-402-100-XXX18,35223,49624,303
Support Services:
Tuition 11-000-100-XXX6,04883,00048,000
Health Services 11-000-213-XXX49,20751,13254,320
Students - Related & Extraordinary 11-000-216,217146,708172,490112,464
Guidance 11-000-218-XXX61,96880,19382,020
Child Study Teams 11-000-219-XXX221,087251,452258,913
Improvement of Instructional Services 11-000-221-XXX41,32860,29771,300
Educational Media Services - School Library 11-000-222-XXX67,421140,982131,515
Instructional Staff Training Services 11-000-223-XXX10,87921,34622,770
General Administration 11-000-230-XXX283,407323,574310,573
School Administration 11-000-240-XXX122,990152,515147,515
Central Svcs & Admin Info Technology 11-000-25X-XXX166,970193,990190,990
Operation and Maintenance of Plant Services 11-000-26X-XXX618,871651,913628,290
Student Transportation Services 11-000-270-XXX412,520455,051464,533
Personal Services - Employee Benefits 11-XXX-XXX-2XX825,290984,6481,035,460
Total Support Services Expenditures 3,034,6943,622,5833,558,663
TOTAL GENERAL CURRENT EXPENSE 5,920,8326,390,8426,468,116
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-60436,70625,0000
Interest Earned on Capital Reserve 10-60401,0001,000
Equipment 12-XXX-XXX-73X16,90029,5400
TOTAL CAPITAL EXPENDITURES 53,60655,5401,000
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 5,974,4386,446,3826,469,116
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX300
Instructional Supplement Aid:
Instruction 20-214-100-XXX7,4107,4100
TOTAL INSTRUCTIONAL SUPPLEMENT AID 7,4107,4100
Other State Projects:
Other Special Projects 20-XXX-XXX-XXX97500
Total State Projects 8,3857,4100
Federal Projects:
Title I 20-XXX-XXX-XXX14,54812,36610,400
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX84,91486,87473,300
Other Special Projects 20-XXX-XXX-XXX59,61459,77310,975
Total Federal Projects 159,076159,01394,675
TOTAL GRANTS AND ENTITLEMENTS 167,464166,42394,675
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX253,953253,773253,673
TOTAL REPAYMENT OF DEBT 253,953253,773253,673
Total Expenditures 6,395,8556,866,5786,817,464

 

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 Budget145,018265,137250,000250,000
  Repayment of Debt023,21423,2140
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve26,85263,55889,55890,558
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve181,530167,70051,9600
      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 Cost10,98611,28111,87312,92713,113
Total Classroom Instruction6,7707,0047,0517,2437,547
Classroom-Salaries and Benefits5,7986,1536,6776,7356,972
Classroom-General Supplies and Textbooks855689330436512
Classroom-Purchased Services and Other117162447263
Total Support Services1,4861,4601,7021,9971,878
Support Services-Salaries and Benefits1,2331,2481,3561,5891,507
Total Administrative Costs1,2991,3541,5711,7021,663
Administration-Salaries and Benefits1,0821,1321,2171,2741,339
Total Operations and Maintenance of Plant1,3481,3671,3951,5251,525
Operations & Maintenance of Plant-Salary & Ben.482520561584612
Total Food Services Costs190000
Total Extracurricular Costs5489105114124
Total Equipment Costs41355640
Employee Benefits as a % of Salaries24.722.725.224.925.3

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
  • In the ever-changing environment of financing education, the Kingwood
  • Township Board of Education participates in many shared services and cost
  • effective programs.
  • For example, our property, liability and workers compensation insurance
  • is through New Jersey School Boards Association Insurance Group - ERIC
  • WEST. We participate in the Alliance for Competitive Energy Services
  • (ACES) - for our electric, the Hunterdon County Educational Services
  • Commission for cooperative bidding for general supplies, including paper,
  • and oil and ACT telecommunications program offered through New Jersey
  • Association of School Business Officials.
  • Also, we are part of the Delaware Valley Regional Transportation Jointure
  • for both regular and special education busing and share our internet
  • service with Holland and Alexandria School Districts.
  • Furthermore, we participate in the federal Universal Service Program
  • (E-Rate) and the Special Education Medicaid Initiative Program (SEMI).

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy4,940,603 (A)
Estimated Net Taxable Valuation (as of 02/21/2008)698,528,149 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.7073 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,171,062 (D)
Estimated Net Taxable Valuation (as of 02/21/2008)698,528,149 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.7403 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy4,940,603 (G)
Estimated Equalized Valuation (as of 02/21/2008)717,447,587 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.6886 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,171,062 (J)
Estimated Equalized Valuation (as of 02/21/2008)717,447,587 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.7208 (L)