04/01/2008 SOMERSET - SOMERSET HILLS REGIONAL
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2006 October 15, 2007 October 15, 2008
Actual Actual Estimated
Pupils on Roll Regular Full-Time 1808 1851 1876
Pupils on Roll Regular Shared-Time 3 3 2
Pupils on Roll - Special Full-Time 210 195 197
Pupils on Roll - Special Shared-Time 5 3 3
Private School Placements 11 18 18
Pupils Sent to Other Districts-Reg Prog 1 4 2
Pupils Sent to Other Dists-Spec Ed Prog 10 13 13
Pupils Received 242 235 233
SOMERSET - SOMERSET HILLS REGIONAL
Advertised Revenues
Budget Category Account 2006-07 2007-08 2008-09
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 1,886,098 2,142,465 2,601,993
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 600,000
Withdrawal from Cap Res-for Local Share 10-307 600,000 600,000
Revenues from Local Sources:
Local Tax Levy 10-1210 24,951,946 25,402,159 25,805,222
Tuition 10-1300 3,538,969 4,203,500 4,293,837
Transportation Fees from Individuals 10-1410 72,739 60,000 60,000
Interest Earned on Capital Reserve Funds 10-1XXX 7,221 100 100
Unrestricted Miscellaneous Revenues 10-1XXX 1,234,830 104,224 100,000
SUBTOTAL 29,805,705 29,769,983 30,259,159
Revenues from State Sources:
Transportation Aid 10-3120 442,294 442,294
Special Education Aid 10-3130 613,060 613,060
Bilingual Education 10-3140 44,384 44,384
Stabilization Aid 10-3171 43,233 43,233
Extraordinary Aid 10-3131 155,892 432,807
Consolidated Aid 10-3195 86,092 86,092
Additional Formula Aid 10-3196 36,872 78,834
Other State Aids 10-3XXX 163,981 132,801
Categorical Special Education Aid 10-3132 690,456
Categorical Security Aid 10-3177 143,499
Categorical Transportation Aid 10-3121 519,450
SUBTOTAL 1,585,808 1,440,698 1,786,212
Adjustment for Prior Year Encumbrances 1,357,055
Actual Revenues (Over)/Under Expenditures -544,121
TOTAL OPERATING BUDGET 30,847,392 35,310,201 35,247,364
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 126,593
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 185,068 221,127 221,127
TOTAL REVENUES FROM STATE SOURCES 185,068 221,127 221,127
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 381,624 273,810 273,810
Other 20-4XXX 46,475 70,211 70,211
TOTAL REVENUES FROM FEDERAL SOURCES 428,099 344,021 344,021
TOTAL GRANTS AND ENTITLEMENTS 739,760 565,148 565,148
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 215,001 5
Revenues from Local Sources:
Local Tax Levy 40-1210 3,327,764 3,113,457 3,333,584
TOTAL REVENUES FROM LOCAL SOURCES 3,327,764 3,113,457 3,333,584
Revenues from State Sources:
Debt Service Aid Type II 40-3160 91,704 91,690 92,712
TOTAL LOCAL REPAYMENT OF DEBT 3,419,468 3,420,148 3,426,301
Actual Revenues (Over)/Under Expenditures 284,998
TOTAL REPAYMENT OF DEBT 3,704,466 3,420,148 3,426,301
TOTAL REVENUES/SOURCES 35,291,618 39,295,497 39,238,813
SOMERSET - SOMERSET HILLS REGIONAL
Advertised Appropriations
Budget Category Account 2006-07 2007-08 2008-09
Expenditures Rev. Approp. Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX 10,933,952 11,841,593 12,244,283
Special Education 11-2XX-100-XXX 1,366,515 1,635,763 1,616,921
Basic Skills/Remedial 11-230-100-XXX 188,437 207,486 213,711
Bilingual Education 11-240-100-XXX 167,916 176,897 182,159
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 225,100 251,007 256,949
School Sponsored Athletics 11-402-100-XXX 595,376 640,342 653,760
Support Services:
Tuition 11-000-100-XXX 1,159,918 1,484,550 1,574,359
Attendance and Social Work Services 11-000-211-XXX 3,500 11,214 11,550
Health Services 11-000-213-XXX 285,046 312,965 321,865
Students - Related & Extraordinary 11-000-216,217 639,394 640,560 760,038
Guidance 11-000-218-XXX 727,485 842,060 890,592
Child Study Teams 11-000-219-XXX 548,864 603,494 616,113
Improvement of Instructional Services 11-000-221-XXX 261,388 261,251 303,035
Educational Media Services - School Library 11-000-222-XXX 573,584 611,100 629,503
Instructional Staff Training Services 11-000-223-XXX 115,644 163,973 206,297
General Administration 11-000-230-XXX 734,840 892,754 854,734
School Administration 11-000-240-XXX 1,200,672 1,237,708 1,272,675
Central Svcs & Admin Info Technology 11-000-25X-XXX 438,008 452,223 462,568
Deposit to Maintenance Reserve 10-606 45,000 45,000 45,000
Operation and Maintenance of Plant Services 11-000-26X-XXX 2,810,509 3,551,287 3,382,543
Student Transportation Services 11-000-270-XXX 1,845,071 2,163,554 2,323,974
Personal Services - Employee Benefits 11-XXX-XXX-2XX 4,503,660 4,448,333 4,801,185
Total Support Services Expenditures 15,847,583 17,677,026 18,411,031
TOTAL GENERAL CURRENT EXPENSE 29,369,879 32,475,114 33,623,814
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604 600,000 600,000
Interest Earned on Capital Reserve 10-604 600,000 100 100
Equipment 12-XXX-XXX-73X 273,702 171,817 73,450
Facilities Acquisition and Construction Services 12-000-4XX-XXX 3,811 1,463,170 950,000
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931 600,000 600,000
TOTAL CAPITAL EXPENDITURES 1,477,513 2,835,087 1,623,550
OPERATING BUDGET GRAND TOTAL 30,847,392 35,310,201 35,247,364
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX 126,593
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX 36,388 41,540 41,540
Nonpublic Auxiliary Services 20-XXX-XXX-XXX 15,819 39,817 39,817
Nonpublic Handicapped Services 20-XXX-XXX-XXX 52,509 65,317 65,317
Nonpublic Nursing Services 20-XXX-XXX-XXX 48,412 49,154 49,154
Nonpublic Technology Initiative 20-XXX-XXX-XXX 26,080 25,299 25,299
Other Special Projects 20-XXX-XXX-XXX 5,860
Total State Projects 185,068 221,127 221,127
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 381,624 273,810 273,810
Other Special Projects 20-XXX-XXX-XXX 46,475 70,211 70,211
Total Federal Projects 428,099 344,021 344,021
TOTAL GRANTS AND ENTITLEMENTS 739,760 565,148 565,148
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 3,704,466 3,420,148 3,426,301
TOTAL REPAYMENT OF DEBT 3,704,466 3,420,148 3,426,301
Total Expenditures 35,291,618 39,295,497 39,238,813
DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Local Contrib-Transfer to Grants & Entitlements 11-1XX-100-930
Capital Reserve - Transfer to Repayment of Debt 12-000-400-933
TOTAL EXPENDITURES NET OF TRANSFERS 35,291,618 39,295,497 39,238,813
SOMERSET - SOMERSET HILLS REGIONAL
Advertised Recapitulation of Balance
Audited Audited Estimated Estimated
Balance Balance Balance Balance
Budget Category 6/30/2006 6/30/2007 6/30/2008 6/30/2009
Unreserved:
General Operating Budget 765,510 791,120 679,063 679,063
Repayment of Debt 500,004 215,006 5 0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve 144,425 151,646 451,746 451,846
Adult Education Programs 0 0 0 0
Maintenance Reserve 45,000 90,000 135,000 180,000
Legal Reserve 4,028,563 4,744,458 2,601,993 0
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 0 0 0 0
Reserved for Repayment of Debt 0 0 0 0
SOMERSET - SOMERSET HILLS REGIONAL
Advertised Per Pupil Cost Calculations
2008 - 2009
2005-06 2006-07 2007-08 2007-08 2008-2009
Actual Actual Original Revised Proposed
Budget Budget Budget
Per Pupil Cost Calculations: (1) (2) (3) (4) (5)
Total Comparative Per Pupil Cost 12045 13007 13922 14047 14300
Total Classroom Instruction 7133 7666 8075 8147 8351
Classroom-Salaries and Benefits 6588 7047 7499 7508 7792
Classroom-General Supplies and Textbooks 405 479 397 452 410
Classroom-Purchased Services and Other 141 140 179 187 150
Total Support Services 1751 1907 1987 2015 2151
Support Services-Salaries and Benefits 1566 1737 1795 1809 1836
Total Administrative Costs 1374 1414 1505 1483 1483
Administration-Salaries and Benefits 1206 1205 1271 1206 1236
Total Operations and Maintenance of Plant 1357 1553 1852 1890 1796
Operations & Maintenance of Plant-Salary & Ben. 716 814 863 854 874
Total Food Services Costs 0 0
Total Extracurricular Costs 446 481 494 505 513
Total Equipment Costs 65 136 52 84 35
Employee Benefits as a % of Salaries 23.9 24.8 24.5 22.6 23.5
The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
are contained in the 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 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.
SOMERSET - SOMERSET HILLS REGIONAL
Unusual Revenues and Appropriations
___________________________________
Line Number Revenue Source or 08-09 Amount Description of circumstances
Approp. Due to
Total Unusual Revenues:
0 Total Unusual Appropriations: 0
SOMERSET - SOMERSET HILLS REGIONAL
Shared Services -- Description of Shared Services
_________________________________________________
Somerset County Educational Services Commission - Transportation,
Alternative High School, Nonpublic Services
Hunterdon County Educational Services Commission - Purchasing Consortium,
Tranportation
New Jersey School Boards Association Insurance Group - Workers Comp
Insurance
ACES - Natural Gas
Bernardville Borough - Exchange of use of building for Recreation Dept &
Municipal prograns for the use of Bernardsville Fields,shared training
sessions and technology assistance
Morris Union Jointure Commission - Education for special needs students,
transportation
SOMERSET - SOMERSET HILLS REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
BERNARDSVILLE BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 18,481,919 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 2,690,611,200 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.6869 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 20,809,022 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 2,690,611,200 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.7734 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
BERNARDSVILLE BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 18,481,919 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 2,644,066,717 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.6990 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 20,809,022 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 2,644,066,717 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.7870 (L)
SOMERSET - SOMERSET HILLS REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
FAR HILLS BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 1,418,166 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 508,604,897 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.2788 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 1,596,455 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 508,604,897 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.3139 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
FAR HILLS BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 1,418,166 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 485,037,139 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.2924 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 1,596,455 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 485,037,139 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.3291 (L)
SOMERSET - SOMERSET HILLS REGIONAL
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
PEAPACK-GLADSTONE BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,703,605 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 826,529,097 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.6901 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 6,421,733 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 ) 826,529,097 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.7770 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
PEAPACK-GLADSTONE BOROUGH
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 5,703,605 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 909,974,352 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.6268 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 6,421,733 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 909,974,352 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.7057 (L)