04/02/2009                                           SOMERSET  -  BERNARDS TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2007         October 15, 2008         October 15, 2009
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      4885                     4962                     4978
      Pupils on Roll Regular Shared-Time                       7                        6                        6

      Pupils on Roll - Special Full-Time                     610                      646                      650
      Pupils on Roll - Special Shared-Time                     2                        3                        3
      Private School Placements                               22                       27                       32

      Pupils Sent to Other Districts-Reg Prog                  4                        4                        5
      Pupils Sent to Other Dists-Spec Ed Prog                  9                        7                        4
      Pupils Received                                         15                       11                       11
 


                                                      SOMERSET - BERNARDS TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2007-08          2008-09          2009-10
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   3,533,129        1,136,606
      Transfers from Other Funds                            10-5200                   658,508

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                63,779,923       66,837,438       70,156,926
      Tuition                                               10-1300                   502,434          517,260          677,733
      Transportation Fees from Individuals                  10-1410                   251,257
      Interest Earned on Capital Reserve Funds              10-1XXX                                        500              500
      Other Restricted Miscellaneous Revenues               10-1XXX                                    292,000          240,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   477,898          640,240          150,000
      SUBTOTAL                                                                     65,011,512       68,287,438       71,225,159

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   967,125
      Special Education Aid                                 10-3130                 2,022,369
      Bilingual Education                                   10-3140                    52,596
      Extraordinary Aid                                     10-3131                   425,618          449,491          650,000
      Consolidated Aid                                      10-3195                   298,533
      Additional Formula Aid                                10-3196                   215,771
      Other State Aids                                      10-3XXX                   466,908
      Categorical Special Education Aid                     10-3132                                  2,945,090        2,693,330
      Categorical Security Aid                              10-3177                                    422,273          440,976
      Categorical Transportation Aid                        10-3121                                  1,137,714        1,596,025
      SUBTOTAL                                                                      4,448,920        4,954,568        5,380,331
      Adjustment for Prior Year Encumbrances                                                            21,166
      Actual Revenues (Over)/Under Expenditures                                       807,693
      TOTAL OPERATING BUDGET                                                       70,926,633       76,796,301       77,742,096
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                   159,380

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                   252,268
      TOTAL REVENUES FROM STATE SOURCES                                               252,268

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429            1,052,070
      Other                                                 20-4XXX                   106,341          950,000        1,000,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                           1,158,411          950,000        1,000,000
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,570,059          950,000        1,000,000
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                                            1

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 5,461,181        5,243,926        5,500,706
      TOTAL REVENUES FROM LOCAL SOURCES                                             5,461,181        5,243,926        5,500,706

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                                  1,038,703          367,146
      TOTAL LOCAL REPAYMENT OF DEBT                                                 5,461,181        6,282,629        5,867,853
      TOTAL REPAYMENT OF DEBT                                                       5,461,181        6,282,629        5,867,853
      TOTAL REVENUES/SOURCES                                                       77,957,873       84,028,930       84,609,949
                                                      SOMERSET - BERNARDS TWP

                                                   Advertised Appropriations

                Budget Category                                Account          2007-08          2008-09         2009-10 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX         23,355,071       24,780,754       24,950,236
      Special Education                                     11-2XX-100-XXX          7,344,097        8,337,914        8,918,723
      Basic Skills/Remedial                                 11-230-100-XXX            790,308          788,532          598,783
      Bilingual Education                                   11-240-100-XXX            136,077          142,897          150,209
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            536,823          256,867          332,350
      School Sponsored Athletics                            11-402-100-XXX            849,687          739,282          947,700
      Other Supplemental/At-Risk Programs                   11-424-XXX-XXX                                              407,668
      Community Services Programs/Operations                11-800-330-XXX              5,296
      Support Services:
      Tuition                                               11-000-100-XXX          2,313,922        2,382,142        2,856,513
      Health Services                                       11-000-213-XXX            560,625          626,030          656,387
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217          1,436,198        1,330,686        1,533,840
      Guidance                                              11-000-218-XXX          1,747,867        1,866,371        1,977,983
      Child Study Teams                                     11-000-219-XXX          1,807,627        2,054,807        2,090,207
      Improvement of Instructional Services                 11-000-221-XXX            737,812          629,079          731,060
      Educational Media Services - School Library           11-000-222-XXX            905,004          914,274          983,985
      Instructional Staff Training Services                 11-000-223-XXX          1,156,133        1,087,437        1,154,840
      General Administration                                11-000-230-XXX            942,838          980,236          790,752
      School Administration                                 11-000-240-XXX          2,659,460        2,845,408        2,834,576
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            874,209        1,009,092        1,060,335
      Operation and Maintenance of Plant Services           11-000-26X-XXX          9,282,058        8,238,584        8,383,484
      Student Transportation Services                       11-000-270-XXX          4,125,016        4,243,043        4,399,106
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          8,843,327       10,641,190       11,832,359
      Food Services                                         11-000-310-XXX             34,899
      Total Support Services Expenditures                                          37,426,995       38,848,379       41,285,427
      TOTAL GENERAL CURRENT EXPENSE                                                70,444,354       73,894,625       77,591,096

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                         500              500
      Equipment                                             12-XXX-XXX-73X            204,481          152,692          150,500
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            277,798        2,748,484
      TOTAL CAPITAL EXPENDITURES                                                      482,279        2,901,676          151,000
      OPERATING BUDGET GRAND TOTAL                                                 70,926,633       76,796,301       77,742,096

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX            159,380
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             39,011
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             27,038
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX            104,413
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             53,886
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             27,920
      Total State Projects                                                            252,268
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX          1,052,070
      Other Special Projects                                20-XXX-XXX-XXX            106,341          950,000        1,000,000
      Total Federal Projects                                                        1,158,411          950,000        1,000,000
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,570,059          950,000        1,000,000

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          5,461,181        6,282,629        5,867,853
      TOTAL REPAYMENT OF DEBT                                                       5,461,181        6,282,629        5,867,853
      Total Expenditures                                                           77,957,873       84,028,930       84,609,949

      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                                          77,957,873       84,028,930       84,609,949

                                                      SOMERSET  -  BERNARDS TWP

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2007             6/30/2008             6/30/2009             6/30/2010

      Unreserved:
        General Operating Budget                             1,704,900             1,418,533             1,418,533             1,418,533
        Repayment of Debt                                            1                     1                     1                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     56,067                60,746                61,246                61,746
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    4,445,863             4,168,402             1,136,606                     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  -  BERNARDS TWP

                                               Advertised Per Pupil Cost Calculations

                                                     2009 - 2010

                                                    2006-07        2007-08           2008-09       2008-09       2009-2010
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           10841           11610          12119          11980          12487
Total Classroom Instruction                                 6601            6883           7417           7431           7704
Classroom-Salaries and Benefits                             6270            6552           7040           7117           7389
Classroom-General Supplies and Textbooks                     267             266            309            269            255
Classroom-Purchased Services and Other                        63              66             68             45             60
Total Support Services                                      1632            1790           1858           1843           1996
Support Services-Salaries and Benefits                      1482            1573           1678           1706           1869
Total Administrative Costs                                   970             941           1002           1022           1014
Administration-Salaries and Benefits                         800             786            847            867            906
Total Operations and Maintenance of Plant                   1407            1695           1629           1480           1502
Operations & Maintenance of Plant-Salary & Ben.               58              59             65             61             67
Total Food Services Costs                                      0               6              0              0              0
Total Extracurricular Costs                                  232             292            213            204            271
Total Equipment Costs                                         56              37             28             27             27
Employee Benefits as a % of Salaries                        21.5            21.1           22.6           23.7           25.2


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2009 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 2008-09 revised appropriations and 2009-10 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  -  BERNARDS TWP

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               09-10 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                              SOMERSET  -  BERNARDS TWP

Shared Services -- Description of Shared Services
_________________________________________________

  Cooperative purchasing for utilities and other services                  
  Agreement with town for fuel purchasing                                  
  Agreement with town for lot and driveway parking                         
  Township engineer provided drawing and design services                   

                              SOMERSET  -  BERNARDS TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 09-10 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       68,497,182 (A)
Estimated Net Taxable Valuation (as of 01/01/2009 )         6,823,575,000 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)X100           1.0038 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              73,869,498 (D)
Estimated Net Taxable Valuation (as of 01/01/2009 )         6,823,575,000 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)X100                  1.0826 (F)


B. Estimated 09-10 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       68,497,182 (G)
Estimated Equalized Valuation (as of 10/01/2008 )           7,296,859,529 (H)
Estimated 09-10 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.9387 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              73,869,498 (J)
Estimated Equalized Valuation (as of 10/01/2008 )           7,296,859,529 (K)
Estimated 09-10 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.0123 (L)

                              SOMERSET  -  BERNARDS TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Valerie Goger            
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     200,900
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract           07/01/2008
   Ending Date of Contract              06/30/2009
   Annual Work Days                     240
   Annual Vacation Days                  25
   Annual Sick Days                      15
   Annual Personal Days                   2
   Annual Consulting Days                 0
   Other Non-working days                22
   Description-Other Non-working Days   12 Holidays 10 recess days    

 Benefits:
 Allowances                                 4,800
 Bonuses                                    5,000
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,707
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days               50/day 15000 maximum                  
   Buyback of Vac. Days               per diem rate to a maximum            
   Buyback of Personal Days                                                 
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SOMERSET  -  BERNARDS TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Regina Rudolph           
 Job Title                              Assistant Superintendent      
                                                                      
 Base Annual Salary                     166,900
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract           07/01/2008
   Ending Date of Contract              06/30/2009
   Annual Work Days                     240
   Annual Vacation Days                  25
   Annual Sick Days                      15
   Annual Personal Days                   2
   Annual Consulting Days                 0
   Other Non-working days                22
   Description-Other Non-working Days   12 Holidays 10 recess days    

 Benefits:
 Allowances                                 4,434
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,635
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days               50/day 12000 maximum                  
   Buyback of Vac. Days               per diem rate to a maximum            
   Buyback of Personal Days                                                 
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SOMERSET  -  BERNARDS TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Nick Markarian           
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     144,000
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract           07/01/2008
   Ending Date of Contract              06/30/2009
   Annual Work Days                     240
   Annual Vacation Days                  25
   Annual Sick Days                      15
   Annual Personal Days                   2
   Annual Consulting Days                 0
   Other Non-working days                22
   Description-Other Non-working Days   12 Holidays 10 recess days    

 Benefits:
 Allowances                                 3,215
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                           648
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days               50/day 11000 maximum                  
   Buyback of Vac. Days               per diem rate to a maximum            
   Buyback of Personal Days                                                 
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SOMERSET  -  BERNARDS TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   James Rollo              
 Job Title                              Other                         
                                                                      
 Base Annual Salary                     106,964
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract           07/01/2008
   Ending Date of Contract              06/30/2009
   Annual Work Days                     240
   Annual Vacation Days                  20
   Annual Sick Days                      15
   Annual Personal Days                   2
   Annual Consulting Days                 0
   Other Non-working days                17
   Description-Other Non-working Days   12 Holidays 5 recess days     

 Benefits:
 Allowances                                 1,500
 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               30/day 5000 maximum                   
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SOMERSET  -  BERNARDS TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Brian Nielsen            
 Job Title                              Other                         
                                                                      
 Base Annual Salary                      81,178
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract           07/01/2008
   Ending Date of Contract              06/30/2009
   Annual Work Days                     240
   Annual Vacation Days                  15
   Annual Sick Days                      15
   Annual Personal Days                   2
   Annual Consulting Days                 0
   Other Non-working days                12
   Description-Other Non-working Days   12 Holidays                   

 Benefits:
 Allowances                                 1,500
 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                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   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