03/26/2008 SOMERSET - FRANKLIN TWP
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2006 October 15, 2007 October 15, 2008
Actual Actual Estimated
Pupils on Roll Regular Full-Time 6544 6780 6912
Pupils on Roll Regular Shared-Time 20
Pupils on Roll Reg Accr. Adult High Sch 57 57 57
Pupils on Roll - Special Full-Time 818 871 904
Pupils on Roll - Special Shared-Time 5
Private School Placements 153 148 155
Pupils Sent to Other Districts-Reg Prog 13 20 42
Pupils Sent to Other Dists-Spec Ed Prog 70 70 79
Pupils Received 7 3 6
Pupils in State Facilities 23 17 17
SOMERSET - 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 4,991,710 4,991,710
Withdrawal from Cap Res-for Local Share 10-307 123,550
Transfers from Other Funds 10-5200 42,582
Revenues from Local Sources:
Local Tax Levy 10-1210 96,893,929 100,491,900 104,411,084
Transportation Fees from Other LEAs 10-1420-1440 1,652 6,950
Interest Earned on Capital Reserve Funds 10-1XXX 96,206 50,000 8,000
Unrestricted Miscellaneous Revenues 10-1XXX 1,035,793 900,000 900,000
SUBTOTAL 98,027,580 101,441,900 105,326,034
Revenues from State Sources:
Transportation Aid 10-3120 2,315,523 2,315,523
Special Education Aid 10-3130 4,750,821 4,750,821
Bilingual Education 10-3140 342,798 342,798
Extraordinary Aid 10-3131 491,710 731,045
Consolidated Aid 10-3195 760,689 760,689
Additional Formula Aid 10-3196 372,762 766,667
Other State Aids 10-3XXX 1,007,711 1,007,711 63,054
Categorical Special Education Aid 10-3132 4,410,257
Equalization Aid 10-3176 7,011,901
Categorical Security Aid 10-3177 1,183,353
Categorical Transportation Aid 10-3121 2,793,284
SUBTOTAL 10,042,014 9,944,209 16,192,894
Revenues from Federal Sources:
Medicaid Reimbursement 10-4200 125,000
SUBTOTAL 125,000
Adjustment for Prior Year Encumbrances 611,799
Actual Revenues (Over)/Under Expenditures -1,782,437
TOTAL OPERATING BUDGET 106,329,739 117,113,168 126,635,638
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 60,097 39,200 29,400
Revenues from State Sources:
Early Childhood Program Aid - Pr Year Carryover 20-3211 155,027
Demonstrably Effect Prog Aid - Pr Year Carryover 20-3212 7,927 5,020
Early Childhood Program Aid 20-3211 3,206,716 3,297,831
Demonstrably Effective Program Aid 20-3212 951,266 957,725
Preschool Education Aid 20-3218 961,719
Other Restricted Entitlements 20-32XX 511,473 1,555,475 443,984
TOTAL REVENUES FROM STATE SOURCES 4,832,409 5,816,051 1,405,703
Revenues from Federal Sources:
Title I 20-4411-4416 1,041,444 859,963 644,973
I.D.E.A. Part B (Handicapped) 20-4420-4429 1,720,578 2,185,733 1,639,300
Other 20-4XXX 371,108 655,519 491,640
TOTAL REVENUES FROM FEDERAL SOURCES 3,133,130 3,701,215 2,775,913
TOTAL GRANTS AND ENTITLEMENTS 8,025,636 9,556,466 4,211,016
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 30,000 11,686
Revenues from Local Sources:
Local Tax Levy 40-1210 5,591,169 5,540,618 5,555,972
Miscellaneous 40-1XXX 249,140
TOTAL REVENUES FROM LOCAL SOURCES 5,840,309 5,540,618 5,555,972
TOTAL LOCAL REPAYMENT OF DEBT 5,840,309 5,570,618 5,567,658
Actual Revenues (Over)/Under Expenditures -41,686
TOTAL REPAYMENT OF DEBT 5,798,623 5,570,618 5,567,658
TOTAL REVENUES/SOURCES 120,153,998 132,240,252 136,414,312
SOMERSET - 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 28,365,533 30,435,954 34,198,644
Special Education 11-2XX-100-XXX 6,783,632 7,571,038 8,322,926
Basic Skills/Remedial 11-230-100-XXX 1,197,089 1,559,748 1,960,023
Bilingual Education 11-240-100-XXX 1,033,231 1,147,584 1,260,119
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 352,792 416,585 463,485
School Sponsored Athletics 11-402-100-XXX 701,590 823,684 848,154
Support Services:
Tuition 11-000-100-XXX 11,503,562 13,733,913 13,505,803
Attendance and Social Work Services 11-000-211-XXX 34,214 32,541 33,474
Health Services 11-000-213-XXX 1,254,372 1,402,078 1,330,257
Students - Related & Extraordinary 11-000-216,217 1,119,474 1,366,107 1,496,789
Guidance 11-000-218-XXX 1,779,030 2,039,531 2,248,523
Child Study Teams 11-000-219-XXX 2,522,082 2,732,809 3,078,922
Improvement of Instructional Services 11-000-221-XXX 1,942,143 2,114,896 2,269,764
Educational Media Services - School Library 11-000-222-XXX 951,616 1,013,407 1,011,886
Instructional Staff Training Services 11-000-223-XXX 44,806 167,012 638,383
General Administration 11-000-230-XXX 1,836,556 2,048,040 1,697,682
School Administration 11-000-240-XXX 4,052,606 4,139,377 4,156,494
Central Svcs & Admin Info Technology 11-000-25X-XXX 1,924,186 2,132,959 2,237,054
Operation and Maintenance of Plant Services 11-000-26X-XXX 11,144,844 12,464,318 13,136,259
Student Transportation Services 11-000-270-XXX 10,787,505 11,198,644 11,666,345
Personal Services - Employee Benefits 11-XXX-XXX-2XX 15,879,393 17,160,979 19,043,288
Total Support Services Expenditures 66,776,389 73,746,611 77,550,923
TOTAL GENERAL CURRENT EXPENSE 105,210,256 115,701,204 124,604,274
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-604 50,000 8,000
Equipment 12-XXX-XXX-73X 293,087 51,221 313,577
Facilities Acquisition and Construction Services 12-000-4XX-XXX 79,438 41,824 32,705
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931 123,550
TOTAL CAPITAL EXPENDITURES 372,525 266,595 354,282
SPECIAL SCHOOLS
Accredited Evening/Adult High School/Post-Graduate:
Instruction 13-601-100-XXX 105,165 113,213 107,274
Support Services 13-601-200-XXX 288 5,000 5,250
Total Accredited Evening/Adult HS/Post-Grad. 105,453 118,213 112,524
Evening School for the Foreign Born - Local:
Instruction 13-631-100-XXX 15,906 22,500 21,840
Total Evening School for Foreign-Born - Local 15,906 22,500 21,840
TOTAL SPECIAL SCHOOLS 121,359 140,713 134,364
Transfer of Funds to Charter Schools 10-000-100-56X 625,599 1,004,656 1,542,718
OPERATING BUDGET GRAND TOTAL 106,329,739 117,113,168 126,635,638
SPECIAL GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX 60,097 39,200 29,400
Early Childhood Program Aid:
Instruction 20-211-100-XXX 2,519,437 2,335,108 773,001
Support Services 20-211-200-XXX 838,157 959,181 188,718
Contribution to Charter Schools 20-211-100-56X 4,149 3,542
TOTAL EARLY CHILDHOOD PROGRAM AID 3,361,743 3,297,831 961,719
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX 763,645 760,432
Support Services 20-212-200-XXX 178,054 181,385
Contribution to Charter Schools 20-212-100-56X 17,494 20,928
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 959,193 962,745
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX 82,153 81,879 61,410
Nonpublic Auxiliary Services 20-XXX-XXX-XXX 50,587 45,785 34,339
Nonpublic Handicapped Services 20-XXX-XXX-XXX 202,738 273,723 205,293
Nonpublic Nursing Services 20-XXX-XXX-XXX 106,698 113,098 84,824
Nonpublic Technology Initiative 20-XXX-XXX-XXX 58,880 58,600 43,950
Other Special Projects 20-XXX-XXX-XXX 10,417 982,390 14,168
Total State Projects 4,832,409 5,816,051 1,405,703
Federal Projects:
Title I 20-XXX-XXX-XXX 1,041,444 859,963 644,973
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 1,720,578 2,185,733 1,639,300
Other Special Projects 20-XXX-XXX-XXX 371,108 655,519 491,640
Total Federal Projects 3,133,130 3,701,215 2,775,913
TOTAL GRANTS AND ENTITLEMENTS 8,025,636 9,556,466 4,211,016
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 5,798,623 5,570,618 5,567,658
TOTAL REPAYMENT OF DEBT 5,798,623 5,570,618 5,567,658
Total Expenditures 120,153,998 132,240,252 136,414,312
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 120,153,998 132,240,252 136,414,312
SOMERSET - 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 2,648,697 5,090,035 3,844,528 2,330,027
Repayment of Debt 0 41,686 11,686 0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve 987,610 1,083,816 1,010,266 1,018,266
Adult Education Programs 0 0 0 0
Maintenance Reserve 0 0 0 0
Legal Reserve 6,650,658 6,138,230 3,477,209 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 - 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 11331 12018 12650 12541 13033
Total Classroom Instruction 6477 7031 7401 7280 7597
Classroom-Salaries and Benefits 6173 6726 7089 6916 7286
Classroom-General Supplies and Textbooks 266 243 232 277 222
Classroom-Purchased Services and Other 39 62 80 87 90
Total Support Services 1605 1697 1776 1818 1939
Support Services-Salaries and Benefits 1500 1558 1597 1601 1712
Total Administrative Costs 1239 1308 1308 1304 1287
Administration-Salaries and Benefits 993 1090 1103 1090 1106
Total Operations and Maintenance of Plant 1819 1769 1922 1897 1960
Operations & Maintenance of Plant-Salary & Ben. 1060 1098 1201 1157 1189
Total Food Services Costs 0 0
Total Extracurricular Costs 153 174 197 196 206
Total Equipment Costs 61 40 2 7 41
Employee Benefits as a % of Salaries 25.5 26.9 28.3 27.3 27.2
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 - FRANKLIN TWP
Shared Services -- Description of Shared Services
_________________________________________________
THE DISTRICT PARTICIPATES IN A VARIETY OF SHARED SERVICES WITH SEVERAL
DIFFERENT ORGANIZATIONS. SOME EXAMPLES ARE:
-FRANKLIN TOWNSHIP: PERSONNEL FOR VEHICLE MAINTENANCE, SECURITY/POLICE
SERVICES(RESOURCE OFFICERS). NATURAL RESOURCE FOR
FUELING OF VEHICLES. PROPERTY/LAND FOR THE DISTRICTS
ENVIROMENTAL CENTER.
-FRANKLIN TOWNSHIP SEWERAGE AUTHORITY: MAINTENANCE FOR THE PUMPING
STATION AT THE HIGH SCHOOL.
-VARIOUS BOE'S IN STATE: PARTICIPATION IN THE ACT PROGRAM FOR
TELECOMMUNICATIONS. PARTICIPATION IN THE ACES
PROGRAM FOR ELECTRIC AND NATURAL GAS. PARTICIPA
TION WITH SEVERAL COUNTY EDUCATIONAL COMMISSIONS
FOR SPECIALIZED TRANSPORTATION, NON-PUBLIC SER-
VICES, AND SUPPLIES AND MATERIALS.
-US GOVERNMENT: PERSONNEL FOR PROVIDING INSTRUCTIONAL JROTC PROGRAM.
SOMERSET - FRANKLIN TWP
22a. Estimated Tax Rate Information
______________________________
A. Estimated 08-09 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 102,451,492 (A)
Estimated Net Taxable Valuation (as of 01/28/2008 ) 8,852,101,050 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100 1.1574 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 107,999,787 (D)
Estimated Net Taxable Valuation (as of 01/28/2008 ) 8,852,101,050 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100 1.2200 (F)
B. Estimated 08-09 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 102,451,492 (G)
Estimated Equalized Valuation (as of 10/01/2007 ) 8,993,072,290 (H)
Estimated 08-09 Equalized General Fund School
Tax Rate=(G)/(H)X100 1.1392 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 107,999,787 (J)
Estimated Equalized Valuation (as of 10/01/2007 ) 8,993,072,290 (K)
Estimated 08-09 Equalized Total School
Tax Rate=(J)/(K)X100 1.2009 (L)