04/03/2012 SUSSEX - WALLKILL VALLEY REGIONAL Advertised Enrollments ENROLLMENT CATEGORY October 15, 2010 October 15, 2011 October 15, 2012 Actual Actual Estimated Pupils on Roll Regular Full-Time 627 565 570 Pupils on Roll Regular Shared-Time 10 9 7 Pupils on Roll - Special Full-Time 139 137 132 Pupils on Roll - Special Shared-Time 4 2 2 Subtotal - Pupils On Roll 780 713 711 Private School Placements 13 17 12 Pupils Sent to Other Dists-Spec Ed Prog 3 4 4 Pupils Received 1 1 1 Pupils in State Facilities 1 1 1 SUSSEX - WALLKILL VALLEY REGIONAL Advertised Revenues Budget Category Account 2010-11 2011-12 2012-13 Actual Revised Anticipated OPERATING BUDGET Budgeted Fund Balance - Operating Budget 10-303 776,351 368,488 Revenues from Local Sources: Local Tax Levy 10-1210 8,579,907 8,765,642 8,966,082 Tuition 10-1300 4,400 4,000 Interest Earned on Capital Reserve Funds 10-1XXX 4 4 4 Other Restricted Miscellaneous Revenues 10-1XXX 14,464 4,600 Unrestricted Miscellaneous Revenues 10-1XXX 82,275 6,000 2,000 SUBTOTAL 8,666,586 8,786,110 8,976,686 Revenues from State Sources: Extraordinary Aid 10-3131 140,309 Other State Aids 10-3XXX 7,386 Categorical Special Education Aid 10-3132 393,803 393,803 406,063 Equalization Aid 10-3176 2,792,196 2,792,196 2,698,928 Categorical Security Aid 10-3177 60,343 60,343 59,821 Adjustment Aid 10-3178 610,805 754,674 718,835 Categorical Transportation Aid 10-3121 458,033 458,033 453,990 SUBTOTAL 4,462,875 4,459,049 4,337,637 Revenues from Federal Sources: Education Jobs Fund 18-4522 104,077 54,884 SUBTOTAL 104,077 54,884 Adjustment for Prior Year Encumbrances 29,418 Actual Revenues (Over)/Under Expenditures 138,003 TOTAL OPERATING BUDGET 13,371,541 14,105,812 13,682,811 GRANTS AND ENTITLEMENTS Revenues from Federal Sources: Title I 20-4411-4416 42,272 39,898 33,912 Title II 20-4451-4455 14,686 12,482 I.D.E.A. Part B (Handicapped) 20-4420-4429 147,032 124,977 106,230 Vocational Education 20-4430 29,166 26,522 22,544 Other 20-4XXX 16,599 TOTAL REVENUES FROM FEDERAL SOURCES 235,069 206,083 175,168 TOTAL GRANTS AND ENTITLEMENTS 235,069 206,083 175,168 REPAYMENT OF DEBT Budgeted Fund Balance 40-303 34,439 36,470 Transfers from Other Funds 40-5200 357,769 307,399 1,000,000 Revenues from Local Sources: Local Tax Levy 40-1210 399,094 TOTAL REVENUES FROM LOCAL SOURCES 399,094 TOTAL LOCAL REPAYMENT OF DEBT 357,769 341,838 1,435,564 Actual Revenues (Over)/Under Expenditures -2,031 TOTAL REPAYMENT OF DEBT 355,738 341,838 1,435,564 TOTAL REVENUES/SOURCES 13,962,348 14,653,733 15,293,543 SUSSEX - WALLKILL VALLEY REGIONAL 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 4,730,494 4,689,406 4,354,002 Special Education 11-2XX-100-XXX 633,705 642,932 757,012 Basic Skills/Remedial 11-230-100-XXX 48,698 55,661 59,056 Bilingual Education 11-240-100-XXX 3,915 5,400 5,165 School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 86,405 88,106 81,640 School Sponsored Athletics 11-402-100-XXX 462,571 481,021 456,121 Other Instructional Programs 11-4XX-100-XXX 395 Support Services: Tuition 11-000-100-XXX 830,332 1,457,745 1,231,867 Health Services 11-000-213-XXX 105,880 110,291 109,842 Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 11,412 34,500 6,000 Guidance 11-000-218-XXX 468,204 486,870 501,597 Child Study Teams 11-000-219-XXX 319,105 334,585 305,954 Improvement of Instructional Services 11-000-221-XXX 5,212 6,240 6,500 Educational Media Services - School Library 11-000-222-XXX 176,232 172,494 175,501 Instructional Staff Training Services 11-000-223-XXX 2,639 9,075 8,625 General Administration 11-000-230-XXX 363,824 361,200 384,840 School Administration 11-000-240-XXX 409,795 402,153 429,770 Central Svcs & Admin Info Technology 11-000-25X-XXX 153,293 165,078 157,050 Operation and Maintenance of Plant Services 11-000-26X-XXX 1,094,582 1,086,485 1,066,895 Student Transportation Services 11-000-270-XXX 1,186,503 1,252,351 1,246,152 Personal Services - Employee Benefits 11-XXX-XXX-2XX 2,229,376 2,226,453 2,288,655 Total Support Services Expenditures 7,356,389 8,105,520 7,919,248 TOTAL GENERAL CURRENT EXPENSE 13,322,572 14,068,046 13,632,244 CAPITAL EXPENDITURES Interest Earned on Capital Reserve 10-604 4 4 Equipment 12-XXX-XXX-73X 17,566 6,900 25,500 Facilities Acquisition and Construction Services 12-000-4XX-XXX 31,403 30,862 25,063 TOTAL CAPITAL EXPENDITURES 48,969 37,766 50,567 OPERATING BUDGET GRAND TOTAL 13,371,541 14,105,812 13,682,811 SPECIAL GRANTS AND ENTITLEMENTS Title I 20-XXX-XXX-XXX 42,272 39,898 33,912 Federal Projects: Title II 20-XXX-XXX-XXX 14,686 12,482 I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 147,032 124,977 106,230 Vocational Education 20-XXX-XXX-XXX 29,166 26,522 22,544 Other Special Projects 20-XXX-XXX-XXX 16,599 Total Federal Projects 235,069 206,083 175,168 TOTAL GRANTS AND ENTITLEMENTS 235,069 206,083 175,168 REPAYMENT OF DEBT Repayment of Debt - Regular 40-701-510-XXX 355,738 341,838 1,435,564 TOTAL REPAYMENT OF DEBT 355,738 341,838 1,435,564 Total Expenditures 13,962,348 14,653,733 15,293,543 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 Transfer Property Sale Proceeds to Debt Svc Res 11-000-520-934 TOTAL EXPENDITURES NET OF TRANSFERS 13,962,348 14,653,733 15,293,543 SUSSEX - WALLKILL VALLEY REGIONAL 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 391,341 675,399 415,127 281,528 Repayment of Debt 34,439 36,470 36,470 0 Restricted for Specific Purposes: General Operating Budget: Capital Reserve 736 740 744 748 Adult Education Programs 0 0 0 0 Maintenance Reserve 0 0 0 0 Legal Reserve 1,186,283 750,968 234,889 0 Tuition Reserve 0 0 0 0 Current Expense Emergency Reserve 0 0 0 0 Repayment of Debt: Restricted for Repayment of Debt 0 0 0 0 SUSSEX - WALLKILL VALLEY REGIONAL 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 14116 14504 15343 16054 15788 Total Classroom Instruction 8469 8871 9301 9615 9449 Classroom-Salaries and Benefits 8199 8579 8995 9283 9166 Classroom-General Supplies and Textbooks 225 243 256 265 221 Classroom-Purchased Services and Other 44 50 50 67 62 Total Support Services 1723 1725 1921 2045 1981 Support Services-Salaries and Benefits 1567 1607 1761 1896 1842 Total Administrative Costs 1354 1465 1449 1673 1673 Administration-Salaries and Benefits 1167 1254 1268 1392 1425 Legal Costs 0 3 27 32 28 Total Operations and Maintenance of Plant 1738 1739 1905 1917 1924 Operations & Maintenance of Plant-Salary & Ben. 945 957 1039 1091 1102 Board Contribution to Food Services 0 0 0 0 0 Total Extracurricular Costs 833 704 767 804 761 Total Equipment Costs 52 23 26 10 36 Employee Benefits as a % of Salaries 25.6 28.5 27.9 28.6 30.1 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. SUSSEX - WALLKILL VALLEY REGIONAL Unusual Revenues and Appropriations ___________________________________ Line Number Revenue Source or 12-13 Amount Description of circumstances Approp. Due to 00540 CAP IMPR BLDG FUND 1,000,000 MONEY LEFT OVER FROM PREVIOUS BLDG FUND 09810 DEBT SERVICE PRINCIPAL 1,000,000 CAP IMP BLDG FUND $ USED FOR 1ST PAYMENT Total Unusual Revenues: 1,000,000 Total Unusual Appropriations: 1,000,000 SUSSEX - WALLKILL VALLEY REGIONAL Shared Services -- Description of Shared Services _________________________________________________ 1.TRANSPORTATION SERVICES THROUG HIGH POINT BOE 2.GAS/DIESEL PURCHASED FROM HARDYSTON TOWNSHIP MUNICIPALITY TANKS 3.MAINTENANCE EQUIPMENT SHARED WITH HARDYSTON TOWNSHIP MUNICIPALITY 4.SNOW PLOWING SERVICES SHARED WITH HARDYSTON TOWNSHIP MUNICIPALITY 5.ELECTION COSTS SHARED WITH ELEMENTARY DISTRICTS 6.SAC SERVICES SHARED WITH HARDYSTON TOWNSHIP SCHOOL DISTRICT AS NEEDED 7.MEMBER OF BROWN & BROWN (GRINSPEC) CONSULTING INSURANCE POOL FOR HEALTH INSURANCE 8.MEMBER OF ACES FOR ELECTRIC AND NATURAL GAS SUSSEX - WALLKILL VALLEY REGIONAL 22a. Estimated Tax Rate Information ______________________________ A. Estimated 12-13 School Tax Rate __________________________________ FRANKLIN BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 2,049,364 (A) Estimated Net Taxable Valuation (as of 10/01/2011 ) 473,912,265 (B) Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100 0.4324 (C) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 2,125,282 (D) Estimated Net Taxable Valuation (as of 10/01/2011 ) 473,912,265 (E) Estimated 12-13 Total School Tax Rate=(D)/(E)X100 0.4485 (F) B. Estimated 12-13 Equalized School Tax Rate ____________________________________________ FRANKLIN BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 2,049,364 (G) Estimated Equalized Valuation (as of 10/01/2011 ) 500,637,483 (H) Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)X100 0.4094 (I) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 2,125,282 (J) Estimated Equalized Valuation (as of 10/01/2011 ) 500,637,483 (K) Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)X100 0.4245 (L) SUSSEX - WALLKILL VALLEY REGIONAL 22a. Estimated Tax Rate Information ______________________________ A. Estimated 12-13 School Tax Rate __________________________________ HAMBURG BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 1,444,660 (A) Estimated Net Taxable Valuation (as of 10/01/2011 ) 207,625,962 (B) Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100 0.6958 (C) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 1,496,585 (D) Estimated Net Taxable Valuation (as of 10/01/2011 ) 207,625,962 (E) Estimated 12-13 Total School Tax Rate=(D)/(E)X100 0.7208 (F) B. Estimated 12-13 Equalized School Tax Rate ____________________________________________ HAMBURG BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 1,444,660 (G) Estimated Equalized Valuation (as of 10/01/2011 ) 308,887,411 (H) Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)X100 0.4677 (I) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 1,496,585 (J) Estimated Equalized Valuation (as of 10/01/2011 ) 308,887,411 (K) Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)X100 0.4845 (L) SUSSEX - WALLKILL VALLEY REGIONAL 22a. Estimated Tax Rate Information ______________________________ A. Estimated 12-13 School Tax Rate __________________________________ HARDYSTON TWP WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 4,516,354 (A) Estimated Net Taxable Valuation (as of 10/01/2011 ) 1,151,553,603 (B) Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100 0.3922 (C) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 4,674,750 (D) Estimated Net Taxable Valuation (as of 10/01/2011 ) 1,151,553,603 (E) Estimated 12-13 Total School Tax Rate=(D)/(E)X100 0.4060 (F) B. Estimated 12-13 Equalized School Tax Rate ____________________________________________ HARDYSTON TWP WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 4,516,354 (G) Estimated Equalized Valuation (as of 10/01/2011 ) 1,207,101,145 (H) Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)X100 0.3741 (I) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 4,674,750 (J) Estimated Equalized Valuation (as of 10/01/2011 ) 1,207,101,145 (K) Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)X100 0.3873 (L) SUSSEX - WALLKILL VALLEY REGIONAL 22a. Estimated Tax Rate Information ______________________________ A. Estimated 12-13 School Tax Rate __________________________________ OGDENSBURG BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 855,484 (A) Estimated Net Taxable Valuation (as of 10/01/2011 ) 241,395,907 (B) Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100 0.3544 (C) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 886,919 (D) Estimated Net Taxable Valuation (as of 10/01/2011 ) 241,395,907 (E) Estimated 12-13 Total School Tax Rate=(D)/(E)X100 0.3674 (F) B. Estimated 12-13 Equalized School Tax Rate ____________________________________________ OGDENSBURG BORO WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS General Fund School Levy 855,484 (G) Estimated Equalized Valuation (as of 10/01/2011 ) 230,798,259 (H) Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)X100 0.3707 (I) WITH REPAYMENT OF DEBT AND ADJUSTMENTS Total School Levy 886,919 (J) Estimated Equalized Valuation (as of 10/01/2011 ) 230,798,259 (K) Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)X100 0.3843 (L) SUSSEX - WALLKILL VALLEY REGIONAL 17. Salaries and Benefits of Certain District Employees Name EDWARD J. BOLCAR, JR. Job Title Superintendent Principal Base Annual Salary 143,055 FTE 1.0 Shared with Another District? N Member of Collective Bargaining ? N Contract Terms: Beginning Date of Contract 01/01/2011 Ending Date of Contract 06/30/2014 Annual Work Days 250 Annual Vacation Days 22 Annual Sick Days 12 Annual Personal Days 4 Annual Consulting Days 0 Other Non-working days 2 Description-Other Non-working Days EMERGENCY DAYS Benefits: Allowances 5,960 Bonuses 21,444 Stipends 0 District Contributions above Teacher amount for: Health Insurance 0 Dental Insurance 0 Life Insurance 0 Other Insurances 0 Retirement Plans 0 Post-Employment Benefits 0 Description of: Buyback of Sick Days $50 PER DAY NOT TO EXCEED $15,000 Buyback of Vac. Days 1/260 PER DAY OF THEN CURRENT SALARY Buyback of Personal Days PERS DAYS ROLL INTO SICK DAYS EACH YR Other Post-Emp. Benefits Other Post-Emp. Benefits Other Post-Emp. Benefits In-Kind and Other Remuneration 0 Description of: Annual Buyback of Sick Days Annual Buyback of Vac. Days Annual Buyback of Personal Days All Other In-Kind/Remuneration Additional Comments SUSSEX - WALLKILL VALLEY REGIONAL 17. Salaries and Benefits of Certain District Employees Name ELIZABETH N. FLATT Job Title Business Administrator Board Secretary Base Annual Salary 95,200 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 250 Annual Vacation Days 20 Annual Sick Days 12 Annual Personal Days 4 Annual Consulting Days 0 Other Non-working days 2 Description-Other Non-working Days EMERGENCY DAYS Benefits: Allowances 1,110 Bonuses 0 Stipends 0 District Contributions above Teacher amount for: Health Insurance 0 Dental Insurance 0 Life Insurance 0 Other Insurances 0 Retirement Plans 0 Post-Employment Benefits 0 Description of: Buyback of Sick Days $45 PER DAY NOT TO EXCEED $15,000 Buyback of Vac. Days 1/260 PER DAY OF THEN CURRENT SAL Buyback of Personal Days PERS DAYS ROLL INTO SICK DAYS EACH YR Other Post-Emp. Benefits Other Post-Emp. Benefits Other Post-Emp. Benefits In-Kind and Other Remuneration 0 Description of: Annual Buyback of Sick Days Annual Buyback of Vac. Days Annual Buyback of Personal Days All Other In-Kind/Remuneration Additional Comments