03/31/2008 HUNTERDON - FRANKLIN TWP
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2006 October 15, 2007 October 15, 2008
Actual Actual Estimated
Pupils on Roll Regular Full-Time 319 308 326
Pupils on Roll - Special Full-Time 32 37 37
Private School Placements 3 3 3
Pupils Sent to Contracted Preschool Prog 1 1
Pupils Sent to Other Dists-Spec Ed Prog 7 6 9
HUNTERDON - FRANKLIN TWP
Advertised Revenues
Budget Category Account 2006-07 2007-08 2008-09
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 25,400 43,043 166,595
Revenues from Local Sources:
Local Tax Levy 10-1210 4,781,071 4,744,466 4,934,245
Unrestricted Miscellaneous Revenues 10-1XXX 36,378 155,000 52,000
SUBTOTAL 4,817,449 4,899,466 4,986,245
Revenues from State Sources:
Transportation Aid 10-3120 93,188 93,188
Special Education Aid 10-3130 201,241 201,241
Bilingual Education 10-3140 2,318 2,318
Extraordinary Aid 10-3131 8,385 14,689
Consolidated Aid 10-3195 44,107 44,107
Additional Formula Aid 10-3196 10,226 20,758
Other State Aids 10-3XXX 4,640
Categorical Special Education Aid 10-3132 177,489
Categorical Security Aid 10-3177 23,538
Adjustment Aid 10-3178 57,709
Categorical Transportation Aid 10-3121 108,153
SUBTOTAL 364,105 361,612 381,578
Adjustment for Prior Year Encumbrances 38,392
Actual Revenues (Over)/Under Expenditures -157,068
TOTAL OPERATING BUDGET 5,024,486 5,342,513 5,534,418
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 45,864 15,000 15,000
TOTAL REVENUES FROM STATE SOURCES 45,864 15,000 15,000
Revenues from Federal Sources:
Title I 20-4411-4416 7,599
I.D.E.A. Part B (Handicapped) 20-4420-4429 88,424 87,366 80,000
Other 20-4XXX 24,616 41,547 35,000
TOTAL REVENUES FROM FEDERAL SOURCES 120,639 128,913 115,000
TOTAL GRANTS AND ENTITLEMENTS 166,503 143,913 130,000
REPAYMENT OF DEBT
Transfers from Other Funds 40-5200 372,213
Revenues from Local Sources:
Local Tax Levy 40-1210 417,429 463,929 186,466
TOTAL REVENUES FROM LOCAL SOURCES 417,429 463,929 186,466
TOTAL LOCAL REPAYMENT OF DEBT 417,429 463,929 558,679
TOTAL REPAYMENT OF DEBT 417,429 463,929 558,679
TOTAL REVENUES/SOURCES 5,608,418 5,950,355 6,223,097
HUNTERDON - FRANKLIN TWP
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 1,773,541 1,820,631 1,860,526
Special Education 11-2XX-100-XXX 492,817 561,389 546,479
Basic Skills/Remedial 11-230-100-XXX 124,794 63,362 86,694
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 16,540 18,000 16,500
School Sponsored Athletics 11-402-100-XXX 1,270 6,000 6,000
Support Services:
Tuition 11-000-100-XXX 265,444 327,277 327,367
Health Services 11-000-213-XXX 46,676 44,608 54,378
Students - Related & Extraordinary 11-000-216,217 81,356 92,285 73,508
Guidance 11-000-218-XXX 43,801 46,668 49,398
Child Study Teams 11-000-219-XXX 176,093 201,085 169,099
Improvement of Instructional Services 11-000-221-XXX 37,446 41,138 81,740
Educational Media Services - School Library 11-000-222-XXX 3,277 3,200 1,800
Instructional Staff Training Services 11-000-223-XXX 3,768 1,600 1,600
General Administration 11-000-230-XXX 277,822 299,856 306,647
School Administration 11-000-240-XXX 91,970 90,082 42,933
Central Svcs & Admin Info Technology 11-000-25X-XXX 131,212 138,233 140,820
Operation and Maintenance of Plant Services 11-000-26X-XXX 467,274 489,787 606,968
Student Transportation Services 11-000-270-XXX 398,657 410,915 426,428
Personal Services - Employee Benefits 11-XXX-XXX-2XX 587,831 686,397 735,533
Total Support Services Expenditures 2,612,627 2,873,131 3,018,219
TOTAL GENERAL CURRENT EXPENSE 5,021,589 5,342,513 5,534,418
CAPITAL EXPENDITURES
Equipment 12-XXX-XXX-73X 2,897
TOTAL CAPITAL EXPENDITURES 2,897
OPERATING BUDGET GRAND TOTAL 5,024,486 5,342,513 5,534,418
SPECIAL GRANTS AND ENTITLEMENTS
Nonpublic Textbooks 20-XXX-XXX-XXX 3,895
Other State Projects:
Nonpublic Handicapped Services 20-XXX-XXX-XXX 18,590
Nonpublic Nursing Services 20-XXX-XXX-XXX 11,806 5,000 5,000
Nonpublic Technology Initiative 20-XXX-XXX-XXX 6,057 10,000 10,000
Other Special Projects 20-XXX-XXX-XXX 5,516
Total State Projects 45,864 15,000 15,000
Federal Projects:
Title I 20-XXX-XXX-XXX 7,599
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 88,424 87,366 80,000
Other Special Projects 20-XXX-XXX-XXX 24,616 41,547 35,000
Total Federal Projects 120,639 128,913 115,000
TOTAL GRANTS AND ENTITLEMENTS 166,503 143,913 130,000
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 417,429 463,929 558,679
TOTAL REPAYMENT OF DEBT 417,429 463,929 558,679
Total Expenditures 5,608,418 5,950,355 6,223,097
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 5,608,418 5,950,355 6,223,097
HUNTERDON - FRANKLIN TWP
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 133,438 263,025 350,000 250,000
Repayment of Debt 0 0 0 0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve 1 1 1 1
Adult Education Programs 0 0 0 0
Maintenance Reserve 0 0 0 0
Legal Reserve 37,381 96,613 66,595 0
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 0 0 0 0
Reserved for Repayment of Debt 0 0 0 0
HUNTERDON - FRANKLIN TWP
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 10997 12358 12920 13346 13170
Total Classroom Instruction 7126 8006 8330 8562 8398
Classroom-Salaries and Benefits 6592 7514 7827 7954 7925
Classroom-General Supplies and Textbooks 414 371 383 483 357
Classroom-Purchased Services and Other 120 121 121 125 116
Total Support Services 1179 1311 1521 1549 1458
Support Services-Salaries and Benefits 1001 1155 1336 1355 1351
Total Administrative Costs 1481 1665 1602 1745 1580
Administration-Salaries and Benefits 1199 1315 1310 1329 1193
Total Operations and Maintenance of Plant 1155 1325 1399 1420 1672
Operations & Maintenance of Plant-Salary & Ben. 0 0
Total Food Services Costs 0 0
Total Extracurricular Costs 56 51 69 70 62
Total Equipment Costs 16 8 0 0 0
Employee Benefits as a % of Salaries 22.6 19.9 22.9 22.9 23.9
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.
HUNTERDON - FRANKLIN TWP
Unusual Revenues and Appropriations
___________________________________
Line Number Revenue Source or 08-09 Amount Description of circumstances
Approp. Due to
00540 Interest earned on bond 372,213 Money being used for tax relief in debt
Total Unusual Revenues:
372,213 Total Unusual Appropriations: 0
HUNTERDON - FRANKLIN TWP
Shared Services -- Description of Shared Services
_________________________________________________
Purchase of fuel oil through a cooperative bid.
Purchase of school supplies through a cooperative bid.
Special education transportation - using local ESC
Regular education transportaton - using regional high school.
HUNTERDON - FRANKLIN TWP
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 4,839,356 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 ) 547,311,702 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 0.8842 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,164,553 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 ) 547,311,702 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 0.9436 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 4,839,356 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 666,832,630 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 0.7257 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 5,164,553 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 666,832,630 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 0.7745 (L)