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User Friendly Budgets
2012-13

SOMERSET - SOUTH BOUND BROOK

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2010
Actual
October 15, 2011
Actual
October 15, 2012
Estimated
Pupils on Roll Regular Full-Time397417443
spacing
Pupils on Roll - Special Full-Time574850
Private School Placements11913
spacing
Pupils Sent to Other Districts-Reg Prog9991103
Pupils Sent to Other Dists-Spec Ed Prog322527
Pupils in State Facilities100

 

Advertised Revenues
Budget CategoryAccount2010-11
Actual
2011-12
Revised
2012-13
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 249,366 249,366
Withdrawal from Tuition Reserve-for Tuition adj. 10-311 0 0 134,700
Transfers from Other Funds 10-5200 34,905 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 5,248,130 5,300,611 5,380,122
Interest Earned on Capital Reserve Funds 10-1XXX 1,000 1,000 1,015
Unrestricted Miscellaneous Revenues 10-1XXX 12,305 5,250 5,234
SUBTOTAL  5,261,435 5,306,861 5,386,371
Revenues from State Sources:
Extraordinary Aid 10-3131 49,756 30,000 30,000
Categorical Special Education Aid 10-3132 310,615 310,615 332,954
Equalization Aid 10-3176 2,637,676 2,731,703 2,947,226
Categorical Security Aid 10-3177 0 0 30,083
Categorical Transportation Aid 10-3121 0 0 19,099
SUBTOTAL  2,998,047 3,072,318 3,359,362
Revenues from Federal Sources:
SUBTOTAL  0 113,271 0
Adjustment for Prior Year Encumbrances  0 67,592 0
Actual Revenues (Over)/Under Expenditures  -642,957 0 0
TOTAL OPERATING BUDGET  7,651,430 8,809,408 9,129,799
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 7,216 0 0
Revenues from State Sources:
Early Childhood Program Aid - Pr Year Carryover 20-3211 575 0 0
TOTAL REVENUES FROM STATE SOURCES  575 0 0
Revenues from Federal Sources:
Title I 20-4411-4416 122,476 122,314 97,851
Title II 20-4451-4455 11,855 4,000 10,520
Title III 20-4491-4494 15,925 9,660 8,460
I.D.E.A. Part B (Handicapped) 20-4420-4429 151,701 144,037 110,155
Other 20-4XXX 0 8,256 0
TOTAL REVENUES FROM FEDERAL SOURCES  301,957 288,267 226,986
TOTAL GRANTS AND ENTITLEMENTS  309,748 288,267 226,986
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 0 9,547
Revenues from Local Sources:
Local Tax Levy 40-1210 376,395 336,855 269,700
Miscellaneous 40-1XXX 9,547 0 0
TOTAL REVENUES FROM LOCAL SOURCES  385,942 336,855 269,700
TOTAL LOCAL REPAYMENT OF DEBT  385,942 336,855 279,247
Actual Revenues (Over)/Under Expenditures  -9,547 0 0
TOTAL REPAYMENT OF DEBT  376,395 336,855 279,247
TOTAL REVENUES/SOURCES  8,337,573 9,434,530 9,636,032
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL REVENUES/SOURCES NET OF TRANSFERS  8,337,573 9,434,530 9,636,032

 

Advertised Appropriations
Budget CategoryAccount2010-11
Expenditures
2011-12
Rev. Approp.
2012-13
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX1,843,4281,966,0622,071,977
Special Education 11-2XX-100-XXX533,310650,740577,725
Basic Skills/Remedial 11-230-100-XXX0029,575
Bilingual Education 11-240-100-XXX50,22056,92558,521
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX20,27423,69822,680
School Sponsored Athletics 11-402-100-XXX5,7406,9434,391
Support Services:
Tuition 11-000-100-XXX1,816,1662,167,5242,346,950
Attendance and Social Work Services 11-000-211-XXX27,73329,70332,344
Health Services 11-000-213-XXX120,416120,730121,350
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217183,770207,580202,997
Guidance 11-000-218-XXX83,50985,85586,852
Child Study Teams 11-000-219-XXX308,160241,773239,544
Improvement of Instructional Services 11-000-221-XXX158,409171,315135,503
Educational Media Services - School Library 11-000-222-XXX164,058167,916180,972
Instructional Staff Training Services 11-000-223-XXX05,00065,000
General Administration 11-000-230-XXX185,584184,278200,983
School Administration 11-000-240-XXX103,200119,497154,088
Central Svcs & Admin Info Technology 11-000-25X-XXX179,480204,822199,720
Operation and Maintenance of Plant Services 11-000-26X-XXX601,987647,426662,997
Student Transportation Services 11-000-270-XXX276,502391,833294,997
Personal Services - Employee Benefits 11-XXX-XXX-2XX827,7491,200,0411,202,594
Total Support Services Expenditures 5,036,7235,945,2936,126,891
TOTAL GENERAL CURRENT EXPENSE 7,489,6958,649,6618,891,760
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604001,000
Interest Earned on Capital Reserve 10-60401,0001,015
Equipment 12-XXX-XXX-73X12,81100
Facilities Acquisition and Construction Services 12-000-4XX-XXX39,62340,000110,446
TOTAL CAPITAL EXPENDITURES 52,43441,000112,461
Summer School:
Instruction 13-422-100-XXX11,33718,74725,578
Total Summer School 11,33718,74725,578
TOTAL SPECIAL SCHOOLS 11,33718,74725,578
Transfer of Funds to Charter Schools 10-000-100-56X97,964100,000100,000
OPERATING BUDGET GRAND TOTAL 7,651,4308,809,4089,129,799
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX7,21600
Preschool Education Aid:
Instruction 20-218-100-XXX57500
TOTAL PRESCHOOL EDUCATION AID 57500
Other State Projects:
Total State Projects 57500
Federal Projects:
Title I 20-XXX-XXX-XXX122,476122,31497,851
Title II 20-XXX-XXX-XXX11,8554,00010,520
Title III 20-XXX-XXX-XXX15,9259,6608,460
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX151,701144,037110,155
Other Special Projects 20-XXX-XXX-XXX08,2560
Total Federal Projects 301,957288,267226,986
TOTAL GRANTS AND ENTITLEMENTS 309,748288,267226,986
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX376,395336,855269,700
Increase in Debt Service Reserve 40-608009,547
TOTAL REPAYMENT OF DEBT 376,395336,855279,247
Total Expenditures 8,337,5739,434,5309,636,032
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 8,337,5739,434,5309,636,032

 

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 Budget290,052250,000250,000250,000
  Repayment of Debt09,5479,5470
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve489,203756,303757,303759,318
      Adult Education Programs0000
      Maintenance Reserve0250,000250,000250,000
      Legal Reserve359,399404,705249,3660
      Tuition Reserve0134,700134,7000
      Current Expense Emergency Reserve0000
  Restricted for Repayment of Debt0009,547

 

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 Cost13,50512,14312,84913,63213,139
Total Classroom Instruction7,0706,6397,0757,4367,270
Classroom-Salaries and Benefits6,7556,3066,6556,9166,771
Classroom-General Supplies and Textbooks206268273357366
Classroom-Purchased Services and Other11065148163133
Total Support Services3,2242,8152,9672,8102,721
Support Services-Salaries and Benefits2,7062,4752,6022,4382,230
Total Administrative Costs1,7131,2501,3491,3741,374
Administration-Salaries and Benefits1,4441,0501,1361,1491,166
Legal Costs08162220
Total Operations and Maintenance of Plant1,4091,3621,3721,4081,357
Operations & Maintenance of Plant-Salary & Ben.4440505043
Board Contribution to Food Services00000
Total Extracurricular Costs8472778557
Total Equipment Costs24529000
Employee Benefits as a % of Salaries23.62332.231.931.4

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.

 

Shared Services
  • South Bound Brook shares services as follows:
  • Grounds and Parking lot maintenance shared service agreement
  • with municipality
  • Joint Transportation agreements
  • Purchasing through Hunterdon cooperative
  • ACES
  • Joint Bids with MRESC
  • Purchased services through SCESC

 

Estimated Tax Rate Information
A. Estimated 12-13 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,340,366 (A)
Estimated Net Taxable Valuation (as of 10/01/2011)338,320,886 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)x1001.5785 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,643,643 (D)
Estimated Net Taxable Valuation (as of 10/01/2011)338,320,886 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)x1001.6681 (F)
B. Estimated 12-13 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,340,366 (G)
Estimated Equalized Valuation (as of 10/01/2011)327,483,937 (H)
Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)x1001.6307 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,643,643 (J)
Estimated Equalized Valuation (as of 10/01/2011)327,483,937 (K)
Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)x1001.7233 (L)

 

Administrative Salaries
Employee Name: Derek Ressa 
Job TitleCoordinator/Dir./Mgr./Supvr. Psychologist 
Base Annual Salary87,500 
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 Days261 
  Contracted Number of Annual Vacation Days 22 
  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: 
Allowances975 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other20,816 
  Retirement Plans
Contractual Post-Employment Benefits Amount4,000 
  Description of: 
   Buyback of Sick Days at the End of ContractMaximum at retirement 80$ 50 days 
   Buyback of Vacation Days at the End of Contractmust use vacation days no carryover 
   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: Dr. Lorise Goeke 
Job TitleSuperintendent Principal 
Base Annual Salary132,600 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract07/01/2010 
  Ending Date of Contract06/30/2013 
  Contracted Number of Annual Work Days261 
  Contracted Number of Annual Vacation Days 20 
  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: 
Allowances3,650 
Bonuses19,877 
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other20,816 
  Retirement Plans
Contractual Post-Employment Benefits Amount25,384 
  Description of: 
   Buyback of Sick Days at the End of Contractmaximum as per statute at retirement 
   Buyback of Vacation Days at the End of Contract compensated for up to 20 vacation day 
   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 Gomez 
Job TitleBusiness Administrator 
Base Annual Salary91,800 
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 Days261 
  Contracted Number of Annual Vacation Days 20 
  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: 
Allowances1,918 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other20,816 
  Retirement Plans
Contractual Post-Employment Benefits Amount5,765 
  Description of: 
   Buyback of Sick Days at the End of Contract$80 at 50 only upon retirement 
   Buyback of Vacation Days at the End of Contractmax 5 day vacation carryover 
   Buyback of Personal Days at the End of Contractno carryover or payment 
   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: Michael Butkus 
Job TitleInformation Technology 
Base Annual Salary87,694 
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 Days261 
  Contracted Number of Annual Vacation Days 20 
  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, Other4,046 
  Retirement Plans
Contractual Post-Employment Benefits Amount2,500 
  Description of: 
   Buyback of Sick Days at the End of Contract35/day maximum 2500 at retirement 
   Buyback of Vacation Days at the End of Contractno carryover of vacation dys 
   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