09/25/2012 HUNTERDON - READINGTON TWP
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2010 October 15, 2011 October 15, 2012
Actual Actual Estimated
Pupils on Roll Regular Full-Time 1788 1721 1620
Pupils on Roll - Special Full-Time 239 229 259
Subtotal - Pupils On Roll 2027 1950 1879
Private School Placements 7 5 8
Pupils Sent to Other Dists-Spec Ed Prog 2 2
Pupils Received 6 12 14
HUNTERDON - READINGTON TWP
Advertised Revenues
Budget Category Account 2010-11 2011-12 2012-13
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 756,768 963,819
Withdrawal from Cap Res-for Local Share 10-307 432,471
Withdraw from Cap Res-Excess Cost & Oth Cap Prj 10-309 250,000
Transfers from Other Funds 10-5200 302,164
Revenues from Local Sources:
Local Tax Levy 10-1210 27,703,081 27,426,050 26,586,701
Tuition 10-1300 21,104 14,000 43,866
Transportation Fees from Individuals 10-1410 2,340 2,700 2,700
Interest Earned on Current Expense Emergency Res 10-1XXX 1,891
Interest Earned on Capital Reserve Funds 10-1XXX 2,890
Other Restricted Miscellaneous Revenues 10-1XXX 67,835
Unrestricted Miscellaneous Revenues 10-1XXX 46,821 108,638 97,000
SUBTOTAL 27,845,962 27,551,388 26,730,267
Revenues from State Sources:
Extraordinary Aid 10-3131 248,069 150,000 150,000
Other State Aids 10-3XXX 15,529
Categorical Special Education Aid 10-3132 509,929 824,702 1,119,931
Categorical Security Aid 10-3177 66,315
Categorical Transportation Aid 10-3121 183,354
SUBTOTAL 773,527 974,702 1,519,600
Revenues from Federal Sources:
Education Jobs Fund 18-4522 71,158
SUBTOTAL 71,158
Adjustment for Prior Year Encumbrances 267,295
Actual Revenues (Over)/Under Expenditures 164,709
TOTAL OPERATING BUDGET 29,518,833 29,621,311 29,463,686
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 11,797 13,813
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 1,569 5,553
TOTAL REVENUES FROM STATE SOURCES 1,569 5,553
Revenues from Federal Sources:
Title I 20-4411-4416 24,845 35,418 23,026
Title II 20-4451-4455 31,166 25,876 24,177
Title III 20-4491-4494 3,976
I.D.E.A. Part B (Handicapped) 20-4420-4429 416,114 463,281 368,240
Other 20-4XXX 47,146 26,583
TOTAL REVENUES FROM FEDERAL SOURCES 519,271 555,134 415,443
TOTAL GRANTS AND ENTITLEMENTS 532,637 574,500 415,443
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 455 2,053
Transfers from Other Funds 40-5200 121
Transfers from Capital Reserve 40-5210 300,000
Revenues from Local Sources:
Local Tax Levy 40-1210 1,889,894 2,183,349 2,194,238
TOTAL REVENUES FROM LOCAL SOURCES 1,889,894 2,183,349 2,194,238
Revenues from State Sources:
Debt Service Aid Type II 40-3160 7,809 7,732 7,774
TOTAL LOCAL REPAYMENT OF DEBT 2,197,824 2,191,536 2,204,065
Actual Revenues (Over)/Under Expenditures -2,053
TOTAL REPAYMENT OF DEBT 2,195,771 2,191,536 2,204,065
TOTAL REVENUES/SOURCES 32,247,241 32,387,347 32,083,194
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Transfers from Capital Reserve 40-5210 300,000
TOTAL REVENUES/SOURCES NET OF TRANSFERS
31,947,241 32,387,347 32,083,194
HUNTERDON - READINGTON TWP
Advertised Appropriations
Budget Category Account 2010-11 2011-12 2012-13
Expenditures Rev. Approp. Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX 9,197,202 9,531,005 9,044,189
Special Education 11-2XX-100-XXX 2,837,376 2,955,247 3,053,478
Basic Skills/Remedial 11-230-100-XXX 771,002 794,183 791,676
Bilingual Education 11-240-100-XXX 65,208 65,779 66,062
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 106,856 148,766 127,425
School Sponsored Athletics 11-402-100-XXX 112,647 122,014 166,294
Support Services:
Tuition 11-000-100-XXX 342,118 304,440 302,257
Health Services 11-000-213-XXX 254,268 273,065 275,117
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 724,642 826,132 841,260
Guidance 11-000-218-XXX 541,301 556,183 565,251
Child Study Teams 11-000-219-XXX 790,240 850,833 980,805
Improvement of Instructional Services 11-000-221-XXX 270,815 268,577 249,735
Educational Media Services - School Library 11-000-222-XXX 480,362 629,696 653,554
Instructional Staff Training Services 11-000-223-XXX 191,966 224,140 176,702
General Administration 11-000-230-XXX 681,554 675,607 663,253
School Administration 11-000-240-XXX 1,142,257 1,176,941 1,048,951
Central Svcs & Admin Info Technology 11-000-25X-XXX 589,147 567,366 560,341
Deposit to Maintenance Reserve 10-606 150,100
Operation and Maintenance of Plant Services 11-000-26X-XXX 2,208,103 2,695,282 2,493,269
Student Transportation Services 11-000-270-XXX 1,329,174 1,417,449 1,335,636
Personal Services - Employee Benefits 11-XXX-XXX-2XX 5,174,007 5,477,645 5,697,620
Total Support Services Expenditures 14,719,954 15,943,356 15,843,751
TOTAL GENERAL CURRENT EXPENSE 27,960,345 29,560,350 29,092,875
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604 967,164
Interest Earned on Capital Reserve 10-604 2,890
Equipment 12-XXX-XXX-73X 80,839 15,826 53,000
Facilities Acquisition and Construction Services 12-000-4XX-XXX 75,124 45,135 317,811
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931 132,471
Capital Reserve-Transfer to Repayment of Debt 12-000-4XX-933 300,000
TOTAL CAPITAL EXPENDITURES 1,558,488 60,961 370,811
OPERATING BUDGET GRAND TOTAL 29,518,833 29,621,311 29,463,686
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX 11,797 13,813
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX 782
Nonpublic Handicapped Services 20-XXX-XXX-XXX 626 3,654
Nonpublic Nursing Services 20-XXX-XXX-XXX 943 1,117
Total State Projects 1,569 5,553
Federal Projects:
Title I 20-XXX-XXX-XXX 24,845 35,418 23,026
Title II 20-XXX-XXX-XXX 31,166 25,876 24,177
Title III 20-XXX-XXX-XXX 3,976
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 416,114 463,281 368,240
Other Special Projects 20-XXX-XXX-XXX 47,146 26,583
Total Federal Projects 519,271 555,134 415,443
TOTAL GRANTS AND ENTITLEMENTS 532,637 574,500 415,443
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 2,195,771 2,191,536 2,204,065
TOTAL REPAYMENT OF DEBT 2,195,771 2,191,536 2,204,065
Total Expenditures 32,247,241 32,387,347 32,083,194
DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
0250XLocal Contribution - Transfer to Special Revenue 11-1XX-100-93X
Capital Reserve - Transfer to Repayment of Debt 12-000-400-933 300,000
Transfer Property Sale Proceeds to Debt Svc Res 11-000-520-934
TOTAL EXPENDITURES NET OF TRANSFERS 31,947,241 32,387,347 32,083,194
HUNTERDON - READINGTON TWP
Advertised Recapitulation of Balance
Audited Audited Estimated Estimated
Balance Balance Balance Balance
Budget Category 6/30/2010 6/30/2011 6/30/2012 6/30/2013
Unrestricted:
General Operating Budget 655,848 678,186 882,748 567,974
Repayment of Debt 455 2,508 2,053 0
Restricted for Specific Purposes:
General Operating Budget:
Capital Reserve 732,522 1,270,105 1,270,105 1,020,105
Adult Education Programs 0 0 0 0
Maintenance Reserve 77,475 227,575 227,575 227,575
Legal Reserve 1,215,750 1,295,601 649,045 0
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 201,556 203,447 203,447 203,447
Repayment of Debt:
Restricted for Repayment of Debt 0 0 0 0
HUNTERDON - READINGTON TWP
Advertised Per Pupil Cost Calculations
2012 - 2013
2009-10 2010-11 2011-12 2011-12 2012-2013
Actual Actual Original Revised Proposed
Budget Budget Budget
Per Pupil Cost Calculations: (1) (2) (3) (4) (5)
Total Budgetary Comparative Per Pupil Cost 12939 12517 14034 13935 14337
Total Classroom Instruction 7677 7826 8506 8447 8689
Classroom-Salaries and Benefits 7203 7428 7977 7885 8251
Classroom-General Supplies and Textbooks 420 362 474 506 352
Classroom-Purchased Services and Other 53 36 56 55 85
Total Support Services 2134 1963 2280 2272 2470
Support Services-Salaries and Benefits 1922 1800 2045 2024 2198
Total Administrative Costs 1438 1413 1462 1478 1461
Administration-Salaries and Benefits 1202 1124 1146 1167 1157
Legal Costs 0 33 41 42 38
Total Operations and Maintenance of Plant 1459 1157 1502 1460 1416
Operations & Maintenance of Plant-Salary & Ben. 710 347 381 382 408
Board Contribution to Food Services 0 0 0 0 0
Total Extracurricular Costs 122 130 168 168 193
Total Equipment Costs 144 40 4 8 28
Employee Benefits as a % of Salaries 27.7 28.1 30.0 29.0 30.5
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, when available. 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 Budgetary 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 Budgetary
comparative per pupil cost, although all components are not shown.
HUNTERDON - READINGTON TWP
Unusual Revenues and Appropriations
___________________________________
Line Number Revenue Source or 12-13 Amount Description of circumstances
Approp. Due to
Total Unusual Revenues:
0 Total Unusual Appropriations: 0
HUNTERDON - READINGTON TWP
Shared Services -- Description of Shared Services
_________________________________________________
Transportation Management and Repair staff and facilities - Branchburg.
Cooperative Purchasing various supplies and services-
Readington Township, Hunterdon County ESC, Middlesex County ESC.
New Jersey State Contracts Program.
ACES energy purchases.
ACT participation for telecommunications but Century Link services
through ACT were bid higher than what the district could negotiate
directly with vendor.
Technology Services provided to Tewksbury Township.
Joint venture with Township to solicit solar engery recs - no bidders.
Lead agendcy on cooperative RFP to solicit banking services for school
districts in Hunterdon and Warren Counties.
School facilities used extensively by township recreation
Participation in School Alliance Insurance Fund (SAIF)
HUNTERDON - READINGTON TWP
22a. Estimated Tax Rate Information
______________________________
A. Estimated 12-13 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 27,006,376 (A)
Estimated Net Taxable Valuation (as of 02/21/2012 ) 2,685,262,419 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100 1.0057 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 29,204,709 (D)
Estimated Net Taxable Valuation (as of 02/21/2012 ) 2,685,262,419 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)X100 1.0876 (F)
B. Estimated 12-13 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 27,006,376 (G)
Estimated Equalized Valuation (as of 02/21/2012 ) 3,207,815,577 (H)
Estimated 12-13 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.8419 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 29,204,709 (J)
Estimated Equalized Valuation (as of 02/21/2012 ) 3,207,815,577 (K)
Estimated 12-13 Equalized Total School
Tax Rate=(J)/(K)X100 0.9104 (L)
HUNTERDON - READINGTON TWP
17. Salaries and Benefits of Certain District Employees
Name Barbara Sargent
Job Title Superintendent
Base Annual Salary 155,000
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2011
Ending Date of Contract 06/30/2014
Annual Work Days 260
Annual Vacation Days 22
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 12
Description-Other Non-working Days holidays
Benefits:
Allowances 7,000
Bonuses 11,625
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 0
Retirement Plans 7,556
Post-Employment Benefits 0
Description of:
Buyback of Sick Days No provision in contract
Buyback of Vac. Days No provision in contract
Buyback of Personal Days No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days No provision in contract
Annual Buyback of Vac. Days No provision in contract
Annual Buyback of Personal Days No provision in contract
All Other In-Kind/Remuneration No provision in contract
No provision in contract
No provision in contract
Additional Comments None
None
None
None
None
HUNTERDON - READINGTON TWP
17. Salaries and Benefits of Certain District Employees
Name Steffi-Jo DeCasas
Job Title Business Administrator
Base Annual Salary 139,068
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2011
Ending Date of Contract 06/30/2012
Annual Work Days 260
Annual Vacation Days 22
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 11
Description-Other Non-working Days holidays
Benefits:
Allowances 1,500
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 2,086
Dental Insurance 0
Life Insurance 0
Other Insurances 100
Retirement Plans 8,692
Post-Employment Benefits 3,600
Description of:
Buyback of Sick Days Staff Cap $7000 Adm Assoc Cap $7500
Buyback of Vac. Days No provision in contract
Buyback of Personal Days No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days No provision in contract
Annual Buyback of Vac. Days No provision in contract
Annual Buyback of Personal Days No provision in contract
All Other In-Kind/Remuneration No provision in contract
No provision in contract
No provision in contract
Additional Comments None
None
None
None
None
HUNTERDON - READINGTON TWP
17. Salaries and Benefits of Certain District Employees
Name Joseph Pellegrino
Job Title Coordinator/Dir./Mgr./Supvr.
Base Annual Salary 127,189
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2011
Ending Date of Contract 06/30/2012
Annual Work Days 240
Annual Vacation Days 22
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 11
Description-Other Non-working Days holidays
Benefits:
Allowances 1,200
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 1,908
Dental Insurance 0
Life Insurance 0
Other Insurances 100
Retirement Plans 7,949
Post-Employment Benefits 0
Description of:
Buyback of Sick Days No provision in contract
Buyback of Vac. Days No provision in contract
Buyback of Personal Days No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days No provision in contract
Annual Buyback of Vac. Days No provision in contract
Annual Buyback of Personal Days No provision in contract
All Other In-Kind/Remuneration No provision in contract
No provision in contract
No provision in contract
Additional Comments None
None
None
None
None
HUNTERDON - READINGTON TWP
17. Salaries and Benefits of Certain District Employees
Name Donald Thornton
Job Title Coordinator/Dir./Mgr./Supvr.
Base Annual Salary 100,000
FTE 1.0
Shared with Another District? N
Member of Collective Bargaining ? N
Contract Terms:
Beginning Date of Contract 07/01/2011
Ending Date of Contract 06/30/2012
Annual Work Days 240
Annual Vacation Days 22
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 11
Description-Other Non-working Days holidays
Benefits:
Allowances 0
Bonuses 2,500
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 100
Retirement Plans 6,250
Post-Employment Benefits 0
Description of:
Buyback of Sick Days No provision in contract
Buyback of Vac. Days No provision in contract
Buyback of Personal Days No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
Other Post-Emp. Benefits No provision in contract
In-Kind and Other Remuneration 0
Description of:
Annual Buyback of Sick Days No provision in contract
Annual Buyback of Vac. Days No provision in contract
Annual Buyback of Personal Days No provision in contract
All Other In-Kind/Remuneration No provision in contract
No provision in contract
No provision in contract
Additional Comments None
None
None
None
None