Hunterdon Central Regional High School Hunterdon Central Regional High School

2008-2009 Proposed Budget2008-2009 Proposed Budget

Educational HighlightsEducational Highlights

Maintains all existing instructional programsMaintains all existing instructional programs Creates a cost efficient in-district alternate education Creates a cost efficient in-district alternate education

programprogram Additional staff to maintain class size and for student Additional staff to maintain class size and for student

services services Includes 4 new staff members to meet student special Includes 4 new staff members to meet student special

education requirementseducation requirements Expands current ESL program to meet increased needsExpands current ESL program to meet increased needs Provides a safe and secure learning environmentProvides a safe and secure learning environment Maintains streamlined co-curricular activitiesMaintains streamlined co-curricular activities Continues innovative technology learning practicesContinues innovative technology learning practices Commitment to efficiency in school operationsCommitment to efficiency in school operations

EnrollmentEnrollment

1,9942,247 2,276

2,4312,540

2,662 2,716 2,8022,962

3,0583,108

1998-1999

1999-2000

2000-2001

2001-2002

2002-2003

2003-2004

2004-2005

2005-2006

2006-2007

2007-2008

2008-2009

Budget HighlightsBudget Highlights

Tax levy +1.1%; under the State Cap by $1,860,000Tax levy +1.1%; under the State Cap by $1,860,000 Operating budget +3.6% Operating budget +3.6% State Aid Revenue increased by $661,573 or 10%State Aid Revenue increased by $661,573 or 10% Fund balance of $3,815,014 used to reduce tax levyFund balance of $3,815,014 used to reduce tax levy Fixed cost increases are included for:Fixed cost increases are included for:

* Salary * Benefits * Utilities * Salary * Benefits * Utilities Employee salaries and benefits are 73.7% of the Operating Employee salaries and benefits are 73.7% of the Operating

BudgetBudget Administrative expenses flat: $288 per student below the Administrative expenses flat: $288 per student below the

State limitState limit Provides funding for facility capital projectsProvides funding for facility capital projects Establishes a maintenance reserve for future tax reliefEstablishes a maintenance reserve for future tax relief Special Education out-of-district costs reduced by $173,250Special Education out-of-district costs reduced by $173,250 Department budgets are $59,000 less than last yearDepartment budgets are $59,000 less than last year Explores new shared service opportunitiesExplores new shared service opportunities Continues efforts to identify additional revenue sources Continues efforts to identify additional revenue sources

Financial HighlightsFinancial Highlights

Summary of Major Budget ChangesSummary of Major Budget Changes

% of Total % of Total

ItemItem AmountAmount ChangeChangeSalary Increases for Existing Staff Salary Increases for Existing Staff $1,150,100$1,150,100 57.757.7Additional Teaching / Staff SalaryAdditional Teaching / Staff Salary 357,860357,860 18.018.0Medical Insurance / Employee BenefitsMedical Insurance / Employee Benefits 702,825 702,825 35.235.2Utilities Utilities 127,015 127,015 6.46.4Student TransportationStudent Transportation 77,503 77,503 3.93.9Out-of-District Tuition Out-of-District Tuition (173,250) (173,250) (8.7)(8.7)Capital OutlayCapital Outlay (34,955) (34,955) (1.8)(1.8)All Remaining Budget AccountsAll Remaining Budget Accounts (213,909) (213,909) (10.7)(10.7)

Total Operating BudgetTotal Operating Budget $1,993,189 $1,993,189 100.0%100.0%Grant Fund Budget AccountsGrant Fund Budget Accounts (141,806) (141,806) Debt Service Budget AccountsDebt Service Budget Accounts 9,5909,590Maintenance and Capital Reserve ContributionMaintenance and Capital Reserve Contribution 1,300,000 1,300,000

Total ChangeTotal Change $3,160,973 $3,160,973

Summary of Major Budget ChangesSummary of Major Budget Changes

% of Total % of Total

ItemItem AmountAmount ChangeChangeSalary Increases for Existing Staff Salary Increases for Existing Staff $1,150,100$1,150,100 57.757.7Additional Teaching / Staff SalaryAdditional Teaching / Staff Salary 357,860357,860 18.018.0Medical Insurance / Employee BenefitsMedical Insurance / Employee Benefits 702,825 702,825 35.235.2Utilities Utilities 127,015 127,015 6.46.4Student TransportationStudent Transportation 77,503 77,503 3.93.9Out-of-District Tuition Out-of-District Tuition (173,250) (173,250) (8.7)(8.7)Capital OutlayCapital Outlay (34,955) (34,955) (1.8)(1.8)All Remaining Budget AccountsAll Remaining Budget Accounts (213,909) (213,909) (10.7)(10.7)

Total Operating BudgetTotal Operating Budget $1,993,189 $1,993,189 100.0%100.0%Grant Fund Budget AccountsGrant Fund Budget Accounts (141,806) (141,806) Debt Service Budget AccountsDebt Service Budget Accounts 9,5909,590Maintenance and Capital Reserve ContributionMaintenance and Capital Reserve Contribution 1,300,000 1,300,000

Total ChangeTotal Change $3,160,973 $3,160,973

Proposed 2008-2009Expense BudgetProposed 2008-2009Expense Budget

RevisedRevised

BudgetBudget

ProposedProposed

BudgetBudget

PercentPercent

of Totalof Total DollarDollar PercentPercent

EXPENSESEXPENSES 2007-20082007-2008 2008-20092008-2009 2008-20092008-2009 ChangeChange ChangeChange

Regular EducationRegular Education $18,365,455$18,365,455 $19,144,435$19,144,435 31.1%31.1% $778,980$778,980 4.2%4.2%

Special EducationSpecial Education 8,100,9278,100,927 8,382,0358,382,035 13.6%13.6% 281,108281,108 3.5%3.5%

Instructional SupportInstructional Support 4,945,2834,945,283 4,964,3204,964,320 8.1%8.1% 19,03719,037 .4%.4%

AdministrationAdministration 3,450,9643,450,964 3,469,4153,469,415 5.6%5.6% 18,45118,451 .5%.5%

Facility OperationsFacility Operations 5,378,1555,378,155 5,518,3955,518,395 9.0%9.0% 140,240140,240 2.6%2.6%

TransportationTransportation 3,899,8323,899,832 3,977,3353,977,335 6.5%6.5% 77,50377,503 2.0%2.0%

Employee BenefitsEmployee Benefits 9,028,9809,028,980 9,741,8059,741,805 15.8%15.8% 712,825712,825 7.9%7.9%

Capital Outlay/Equip.Capital Outlay/Equip. 2,172,1752,172,175 2,137,2202,137,220 3.5%3.5% (34,955)(34,955) (1.6%)(1.6%)

Total General FundTotal General Fund 55,341,77155,341,771 57,334,96057,334,960 93.1%93.1% 1,993,1891,993,189 3.6%3.6%

Grant FundGrant Fund 617,146617,146 475,340475,340 .8%.8% (141,806)(141,806) (23.0%)(23.0%)

Debt Service FundDebt Service Fund 2,496,4602,496,460 2,506,0502,506,050 4.1%4.1% 9,5909,590 .4%.4%

Maintenance & Capital Maintenance & Capital

Reserve Contrib.Reserve Contrib.

00

----------------------------------

1,300,0001,300,000

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2.1%2.1%

----------------------------------

1,300,0001,300,000

----------------------------------------

0.0%0.0%

--------------------------------

TOTAL BUDGET:TOTAL BUDGET: $58,455,377$58,455,377 $61,616,350$61,616,350 100.0%100.0% $3,160,973$3,160,973 5.4%5.4%

Proposed 2008-2009Expense BudgetProposed 2008-2009Expense Budget

Capital Outlay 4%Capital Outlay 4%

Employee Benefits 16%Employee Benefits 16%

Regular Education 31%Regular Education 31%

Special Education 14%Special Education 14%

InstructionalSupport 8%

InstructionalSupport 8%

Administration 5%Administration 5%

Facility Operations 10%Facility Operations 10%

Transportation 7%Transportation 7%

Grant Fund 1%Grant Fund 1%

Debt Service 4%Debt Service 4%

RevenueRevenue

Revised BudgetRevised Budget2007-20082007-2008

ProposedProposed BudgetBudget

2008-20092008-2009$ Change$ Change

General FundGeneral Fund

Budgeted Fund BalanceBudgeted Fund Balance $1,304,861$1,304,861 $3,815,014$3,815,014 $2,510,153$2,510,153

Local Tax LevyLocal Tax Levy 47,123,67047,123,670 47,648,77147,648,771 525,101525,101

OtherOther 190,100190,100 190,100190,100 00

Total Local FundsTotal Local Funds $48,618,631$48,618,631 $51,653,885$51,653,885 $3,035,254$3,035,254

State AidState AidPY Encumbrance AdjustmentPY Encumbrance Adjustment

6,319,5026,319,502403,638403,638

6,981,0756,981,07500

661,573661,573(403,638)(403,638)

Total General FundTotal General Fund $55,341,771$55,341,771 $58,634,960$58,634,960 $3,293,189$3,293,189

Special Revenue Fund (Grants)Special Revenue Fund (Grants) 617,146617,146 475,340475,340 (141,806)(141,806)

Debt Service FundDebt Service Fund

Budgeted Fund BalanceBudgeted Fund Balance 11 11,02611,026 11,02511,025

Local Tax LevyLocal Tax Levy 2,367,9362,367,936 2,365,4932,365,493 (2,443)(2,443)

State AidState Aid 128,523128,523 129,531129,531 1,0081,008

Total Debt Service FundTotal Debt Service Fund $2,496,460$2,496,460 $2,506,050$2,506,050 9,5909,590

TOTAL REVENUESTOTAL REVENUES $58,455,377$58,455,377 $61,616,350$61,616,350 $3,160,973$3,160,973

Revenue SourcesRevenue Sources

Grants, 0.8%Grants, 0.8%Grants, 0.8%Grants, 0.8%

Local Taxes, Local Taxes, 87.7%87.7%

Local Taxes, Local Taxes, 87.7%87.7%

State Aid, State Aid, 11.5%11.5%

State Aid, State Aid, 11.5%11.5%

Percentage Share of Tax LevyPercentage Share of Tax Levy

2006- 2007 2007- 2008 2008- 2009

Delaware 10.6 10.8 10.7

East Amwell 8.3 7.3 6.9

Flemington 6.2 5.3 5.4

Raritan 40.4 41.2 40.9

Readington 34.5 35.4 36.1

TOTAL 100.0 100.0 100.0

2006- 2007 2007- 2008 2008- 2009

Delaware 10.6 10.8 10.7

East Amwell 8.3 7.3 6.9

Flemington 6.2 5.3 5.4

Raritan 40.4 41.2 40.9

Readington 34.5 35.4 36.1

TOTAL 100.0 100.0 100.0

Tax Levy Allocation Tax Levy Allocation

% Share Total Tax Levy

Delaware 10.7% $5,348,722.09

East Amwell 6.9% $3,444,177.83

Flemington 5.4% $2,705,521.06

Raritan 40.9% $20,444,801.19

Readington 36.1% $18,071,041.83

% Share Total Tax Levy

Delaware 10.7% $5,348,722.09

East Amwell 6.9% $3,444,177.83

Flemington 5.4% $2,705,521.06

Raritan 40.9% $20,444,801.19

Readington 36.1% $18,071,041.83

Assessed Property ValuesAssessed Property Values

2006 2007 2008

Delaware 888,197,519 891,383,319 897,994,980

East Amwell 784,233,934 786,307,681 791,724,997

Flemington 485,818,633 523,788,784 539,340,569

Raritan 2,255,198,579 4,290,511,605 4,308,384,923

Readington 2,818,675,323 2,820,911,243 2,838,252,322

2006 2007 2008

Delaware 888,197,519 891,383,319 897,994,980

East Amwell 784,233,934 786,307,681 791,724,997

Flemington 485,818,633 523,788,784 539,340,569

Raritan 2,255,198,579 4,290,511,605 4,308,384,923

Readington 2,818,675,323 2,820,911,243 2,838,252,322

Projected School Tax Ratefor 2008 per $100,000Projected School Tax Ratefor 2008 per $100,000

2007 2008 Change

Delaware $598 $596 - $2

East Amwell $459 $435 - $24

Flemington $540 $494 - $46

Raritan $465 $474 + $9

Readington $612 $630 + $18

2007 2008 Change

Delaware $598 $596 - $2

East Amwell $459 $435 - $24

Flemington $540 $494 - $46

Raritan $465 $474 + $9

Readington $612 $630 + $18

On the BallotOn the Ballot

Election of Board of Education members:Election of Board of Education members: One from East AmwellOne from East Amwell One from Raritan TownshipOne from Raritan Township One from Readington TownshipOne from Readington Township

General Fund Budget:General Fund Budget: Resolved that there should be raised forResolved that there should be raised for

General Funds $47,648,771 for the ensuing school year General Funds $47,648,771 for the ensuing school year 2008-2009, to be allocated as follows:2008-2009, to be allocated as follows:

DelawareDelaware $ 5,095,746.97$ 5,095,746.97East AmwellEast Amwell $ 3,281,280.73$ 3,281,280.73FlemingtonFlemington $ 2,577,559.74$ 2,577,559.74RaritanRaritan $ 19,477,836.36$ 19,477,836.36ReadingtonReadington $ 17,216,347.20$ 17,216,347.20

on April on April 15th15th

on April on April 15th15th

Vote is only on the Operating BudgetVote is only on the Operating Budget

Polls open from 7:00 a.m. to 9:00 p.m.Polls open from 7:00 a.m. to 9:00 p.m.Polls open from 7:00 a.m. to 9:00 p.m.Polls open from 7:00 a.m. to 9:00 p.m.