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User Friendly Budgets
2008

MERCER - HOPEWELL VALLEY REGIONAL

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time3,6103,5733,625
Pupils on Roll Regular Shared-Time181515
spacing
Pupils on Roll - Special Full-Time410395395
Pupils on Roll - Special Shared-Time172626
Private School Placements504246
spacing
Pupils Sent to Other Districts-Reg Prog210
Pupils Sent to Other Dists-Spec Ed Prog192428
Pupils Received292837
Pupils in State Facilities111

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 1,282,875 2,250,046
Revenues from Local Sources:
Local Tax Levy 10-1210 55,061,914 57,921,491 59,554,967
Tuition 10-1300 254,427 208,643 214,104
Transportation Fees from Individuals 10-1410 0 50,000 63,000
Unrestricted Miscellaneous Revenues 10-1XXX 733,098 513,822 740,000
SUBTOTAL  56,049,439 58,693,956 60,572,071
Revenues from State Sources:
Transportation Aid 10-3120 1,290,030 1,290,030 0
Special Education Aid 10-3130 2,502,991 2,502,991 0
Bilingual Education 10-3140 9,344 9,344 0
Extraordinary Aid 10-3131 242,225 0 547,926
Consolidated Aid 10-3195 213,564 213,564 0
Additional Formula Aid 10-3196 120,478 244,570 0
Other State Aids 10-3XXX 33,047 0 0
Categorical Special Education Aid 10-3132 0 0 2,128,853
Categorical Security Aid 10-3177 0 0 280,491
Adjustment Aid 10-3178 0 0 312,106
Categorical Transportation Aid 10-3121 0 0 1,332,038
SUBTOTAL  4,411,679 4,260,499 4,601,414
Adjustment for Prior Year Encumbrances  0 2,856,834 0
Actual Revenues (Over)/Under Expenditures  -1,301,702 0 0
TOTAL OPERATING BUDGET  59,159,416 67,094,164 67,423,531
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 78,778 246,447 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 52,208 82,411 70,049
TOTAL REVENUES FROM STATE SOURCES  52,208 82,411 70,049
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 777,160 867,867 735,481
Other 20-4XXX 81,940 110,086 55,006
TOTAL REVENUES FROM FEDERAL SOURCES  859,100 977,953 790,487
TOTAL GRANTS AND ENTITLEMENTS  990,086 1,306,811 860,536
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 679,922 155,753
Transfers from Other Funds 40-5200 146,382 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 4,766,504 4,289,009 4,814,862
Miscellaneous 40-1XXX 9,371 0 0
TOTAL REVENUES FROM LOCAL SOURCES  4,775,875 4,289,009 4,814,862
TOTAL LOCAL REPAYMENT OF DEBT  4,922,257 4,968,931 4,970,615
Actual Revenues (Over)/Under Expenditures  40,289 0 0
TOTAL REPAYMENT OF DEBT  4,962,546 4,968,931 4,970,615
TOTAL REVENUES/SOURCES  65,112,048 73,369,906 73,254,682

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX22,890,51224,593,20825,407,540
Special Education 11-2XX-100-XXX3,152,6943,518,0243,775,357
Basic Skills/Remedial 11-230-100-XXX590,251598,474611,762
Bilingual Education 11-240-100-XXX25,33443,22649,496
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX200,443254,806267,724
School Sponsored Athletics 11-402-100-XXX765,690838,704841,681
Support Services:
Tuition 11-000-100-XXX3,273,9473,240,8603,023,914
Attendance and Social Work Services 11-000-211-XXX01,3001,300
Health Services 11-000-213-XXX568,029593,179526,226
Students - Related & Extraordinary 11-000-216,217676,440714,936785,471
Guidance 11-000-218-XXX1,136,3981,168,8551,236,962
Child Study Teams 11-000-219-XXX2,084,8332,429,2162,434,495
Improvement of Instructional Services 11-000-221-XXX1,082,9071,134,8291,149,135
Educational Media Services - School Library 11-000-222-XXX529,113568,843683,643
Instructional Staff Training Services 11-000-223-XXX34,49235,65835,658
General Administration 11-000-230-XXX1,131,9431,489,7451,074,441
School Administration 11-000-240-XXX2,030,3222,352,8082,271,462
Central Svcs & Admin Info Technology 11-000-25X-XXX1,055,4011,441,8651,280,847
Operation and Maintenance of Plant Services 11-000-26X-XXX5,270,8216,517,5025,862,848
Student Transportation Services 11-000-270-XXX3,803,6734,064,1374,204,797
Personal Services - Employee Benefits 11-XXX-XXX-2XX7,841,8838,429,7229,821,588
Food Services 11-000-310-XXX15,00000
Total Support Services Expenditures 30,535,20234,183,45534,392,787
TOTAL GENERAL CURRENT EXPENSE 58,160,12664,029,89765,346,347
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-60400705,000
Equipment 12-XXX-XXX-73X176,933624,040308,969
Facilities Acquisition and Construction Services 12-000-4XX-XXX672,1942,080,062845,000
TOTAL CAPITAL EXPENDITURES 849,1272,704,1021,858,969
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX150,163160,165195,248
Total Summer School 150,163160,165195,248
TOTAL SPECIAL SCHOOLS 150,163160,165195,248
Transfer of Funds to Charter Schools 10-000-100-56X0200,00022,967
OPERATING BUDGET GRAND TOTAL 59,159,41667,094,16467,423,531
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX78,778246,4470
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX7,4618,8317,506
Nonpublic Handicapped Services 20-XXX-XXX-XXX7,30919,47216,551
Nonpublic Nursing Services 20-XXX-XXX-XXX32,67247,78840,620
Nonpublic Technology Initiative 20-XXX-XXX-XXX4,7666,3205,372
Total State Projects 52,20882,41170,049
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX777,160867,867735,481
Other Special Projects 20-XXX-XXX-XXX81,940110,08655,006
Total Federal Projects 859,100977,953790,487
TOTAL GRANTS AND ENTITLEMENTS 990,0861,306,811860,536
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX4,962,5464,968,9314,970,615
TOTAL REPAYMENT OF DEBT 4,962,5464,968,9314,970,615
Total Expenditures 65,112,04873,369,90673,254,682

 

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 Budget1,963,0291,649,4071,616,2351,216,235
  Repayment of Debt875,964835,675155,7530
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve486,10100705,000
      Adult Education Programs0000
      Maintenance Reserve398,85958,43558,43558,435
      Legal Reserve1,281,5592,699,7491,850,0460
      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 Cost12,05512,58813,44514,24014,391
Total Classroom Instruction7,7057,8478,3778,6148,991
Classroom-Salaries and Benefits7,1517,1777,6207,7248,186
Classroom-General Supplies and Textbooks334391445520489
Classroom-Purchased Services and Other220278312370316
Total Support Services1,7131,7961,9201,9882,063
Support Services-Salaries and Benefits1,5711,6281,7391,7691,870
Total Administrative Costs1,1061,2031,2841,5021,344
Administration-Salaries and Benefits8739179569721,015
Total Operations and Maintenance of Plant1,2261,4171,5021,7621,595
Operations & Maintenance of Plant-Salary & Ben.600663686697731
Total Food Services Costs54000
Total Extracurricular Costs251269297309315
Total Equipment Costs129445915777
Employee Benefits as a % of Salaries22.721.623.222.124.3

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
  • INTER-LOCAL AGREEMENTS WITH MUNICIPALITIES:
  • Gasoline purchased from Hopewell Township
  • Cooperative bid for paving with 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
  • Shared vehicles during Delaware river flooding
  • Public works antenna tower used by District
  • Radio equipment purchased through Hopewell Township
  • Custodial services provided by Pennington Borough by district
  • District's TV studio used by municipalities
  • AGREEMENTS WITH LOCAL FOUNDATIONS:
  • Athletic field development project with Recreation Foundation
  • Grants provided by Education Foundation
  • SHARED SERVICES WITH OTHER DISTRICTS:
  • Transportation agreements, County approved
  • Transportation agreement with Mercer County Special Services
  • Participates in the SAIF joint insurance fund (workers comp and liability
  • insurance)
  • Paper and other office supplies are purchased through the Hamilton Townsh
  • ip Board of Education
  • ACES - gas/electric cooperative
  • ACT telephone rate consortium
  • Township paid 40% of cost for detention basin to solve mutual proplem
  • Integrated preschool open to other districts
  • Contract with Middlesex County ESC to provide non-public school services
  • Created purchasing cooperative with other Mercer County districts
  • COOPERATIVE PROFESSIONAL DEVELOPMENT
  • Networking with Princeton University, The College of New Jersey, and Ride
  • r University

 

Estimated Tax Rate Information
HOPEWELL BOROUGH
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,994,579 (A)
Estimated Net Taxable Valuation (as of 02/01/2008)362,149,155 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.1030 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,317,531 (D)
Estimated Net Taxable Valuation (as of 02/01/2008)362,149,155 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.1922 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy3,994,579 (G)
Estimated Equalized Valuation (as of 10/01/2007)350,391,670 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.1400 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy4,317,531 (J)
Estimated Equalized Valuation (as of 10/01/2007)350,391,670 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.2322 (L)
spacing
HOPEWELL TWP
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy49,853,522 (A)
Estimated Net Taxable Valuation (as of 02/01/2008)4,551,956,767 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.0952 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy53,884,048 (D)
Estimated Net Taxable Valuation (as of 02/01/2008)4,551,956,767 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.1838 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy49,853,522 (G)
Estimated Equalized Valuation (as of 10/01/2007)4,372,990,697 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.1400 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy53,884,048 (J)
Estimated Equalized Valuation (as of 10/01/2007)4,372,990,697 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.2322 (L)
spacing
PENNINGTON BOR
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,706,865 (A)
Estimated Net Taxable Valuation (as of 02/01/2008)523,462,225 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.0902 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,168,250 (D)
Estimated Net Taxable Valuation (as of 02/01/2008)523,462,225 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.1784 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,706,865 (G)
Estimated Equalized Valuation (as of 10/01/2007)500,587,856 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.1400 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy6,168,250 (J)
Estimated Equalized Valuation (as of 10/01/2007)500,587,856 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.2322 (L)