General Fund Budget - Hunterdon Central Regional High School

Educational HighlightsMaintains all existing instructional programsIncludes 4 new staff members due to increased enrollmentsIncludes 8 new staff members to meet student specialeducation requirementsExpands current ESL programImplements curriculum, technology and long-range facilityplansEstablishes 4 guidance counselors per grade levelContinues innovative technology learning practicesProvides funding for facility maintenance projectsCommitment to efficiency in school operations

Enrollment1,9942,2472,2762,4312,5402,6622,7162,8022,9623,0321998-19991999-20002000-20012001-20022002-20032003-20042004-20052005-20062006-20072007-2008

Budget Highlights Operating tax levy +2.7%, Total tax levy +2.1% Operating budget +3.6%, Total budget +2.9% State Aid Revenue increased by $178,834 Above Average Enrollment Growth State Aid received for $166,391 Fund balance of $1,304,861 used to reduce tax levy Additional staff represents 28.4% of the operating budget increase Fixed costs (85% of the operating budget increase) are included for:* Salary * Benefits * Utilities * Vocational Tuition Employee salaries and benefits are 74.4% of Operating Budget Administrative expenses decreased $100,000 Co-curricular activities streamlined for a decrease of $140,000 Special Education out-ofof-district costs reduced by $150,000 due toplacement of students into district programs All departments held to a zero budget increase Meets all new State budget guidelines

Financial HighlightsSummary of Major Budget Changes% of TotalItemAmountChangeSalary Increases for Existing Staff $972,232 50.5Additional Teaching / Staff Salary 546,595 28.4Medical Insurance / Employee Benefits 388,243 20.1Vocational Tuition 162,300 8.4Utilities 120,115 6.2Student Transportation 161,112 8.4Administrative Expenses (96,701) (5.0)Capital Outlay/Reserve (27,514) (1.4)All Remaining Budget Accounts (300,647) (15.6)Total Operating Budget $1,925,735 100.0%Grant Fund Budget Accounts (81,647)Debt Service Budget Accounts (227,564)Total Change $1,616,524

Proposed 2007-2008Expense BudgetRevisedProposedPercentBudgetBudgetof TotalDollarPercentEXPENSESRegular Education2006-20072007$17,214,6042007-20082008$17,782,8582007-2008200830.8%Change$568,254Change3.3%Special Education8,138,9518,502,76814.7%363,8174.5%Instructional Support4,758,8954,998,7888.7%239,8935.0%Administration3,470,9663,374,2655.8%(96,701)(2.8%)Facility Operations5,044,6865,338,1559.3%293,4695.8%Transportation3,668,5113,864,7856.7%196,2745.4%Employee BenefitsCapital Outlay/Equip.Total General FundGrant FundDebt Service FundTOTAL BUDGET:8,646,7371,889,509--------------------------------------------------------------------------------------------52,832,859532,8472,724,024-----------------$56,089,7309,034,9801,861,99554,758,594451,2002,496,460-------------------$57,706,25415.7%3.2%94.9%.8%4.3%100.0%388,243(27,514)1,925,734(81,647)(227,564)$1,616,5244.5%(1.5%)3.6%(15.3%)(8.4%)-----------------------------------------------------2.9%

Proposed 2007-2008Expense BudgetEmployee Benefits 16%Capital Outlay 3%Grant Fund 1%Debt Service 4%Regular Education 31%Transportation 7%Facility Operations 9%Administration 5%InstructionalSupport 9%Special Education 15%

RevenueGeneral FundBudgeted Fund BalanceLocal Tax LevyOther350,100190,100(160,000)Total Local Funds $46,525,922$48,618,631$2,092,709State Aid6,192,4266,139,963(52,463)Total General Fund$52,832,859$54,758,594$1,925,735Special Revenue Fund (Grants)Debt Service FundBudgeted Fund BalanceLocal Tax Levy532,8472,593,5632,367,936(225,627)State Aid130,461128,523(1,938)Total Debt Service Fund $2,724,024$2,496,460($227,564)TOTAL REVENUESRevised Budget2006-20072007$283,10545,892,7170$56,089,730Proposed Budget2007-20082008$1,304,86147,123,670451,2001$57,706,254$ Change$1,021,7561,230,953(81,647)1$1,543,023

Revenue SourcesLocal Tax Levy,88.4%Grants, 0.8%State Aid,10.8%

Percentage Share of Tax Levy2005-06 2006-07 2007-08Delaware 10.9 10.6 10.8East Amwell 8.3 8.3 7.3Flemington 5.5 6.2 5.3Raritan 41.4 40.4 41.2Readington 33.9 34.5 35.4TOTAL 100.0 100.0 100.0

Tax Levy Allocation% Share TotalTax LevyDelaware 10.8% $5,327,092.41East Amwell 7.3% $3,595,806.20Flemington 5.3% $2,619,494.15Raritan 41.2% $20,400,331.76Readington 35.4% $17,548,881.49

Assessed Property Values2005 2006 2007Delaware 876,960,532 888,197,519 891,383,319East Amwell 784,572,366 784,233,934 786,307,681Flemington 440,812,963 485,818,633 523,788,784Raritan 2,195,501,325 2,255,198,579 4,290,511,605Readington 2,796,354,190 2,818,675,323 2,820,911,243

Projected School Tax Ratefor 2007 per $100,0002006 2007 ChangeDelaware $582 $598 + $16East Amwell $515 $457 - $58Flemington $552 $538 - $14Raritan $828 $466 - $362Readington $566 $612 + $46

On the BallotElection of Board of Education members:‣ Two from Raritan Township‣ One from Readington TownshipGeneral Fund Budget:‣ Resolved that there should be raised forGeneral Funds $47,123,670 for the ensuing schoolyear 2007-2008, 2008, to be allocated as follows:Delaware $ 5,072,216.59East Amwell $ 3,423,764.12Flemington $ 2,494,163.91Raritan $ 19,424,273.71Readington $ 16,709,251.67

Vote is only on the Operating Budgeton April 17thPolls open from 7:00 a.m. to 9:00 p.m.

Hunterdon Central Regional High SchoolCelebrating 50 Yearsof Excellence