08/17/2011                                           SOMERSET  -  BERNARDS TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2009         October 15, 2010         October 15, 2011
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      5021                     4972                     4999

      Pupils on Roll Regular Shared-Time                       6                        9                        3



      Pupils on Roll - Special Full-Time                     646                      660                      663

      Pupils on Roll - Special Shared-Time                     5                        3                        3
      Subtotal - Pupils On Roll                              5678                     5644                     5668
      Private School Placements                               30                       33                       39



      Pupils Sent to Other Districts-Reg Prog                  2                        1                        3

      Pupils Sent to Other Dists-Spec Ed Prog                  5                        6                        6

      Pupils Received                                         11                       16                       15
 


                                                      SOMERSET - BERNARDS TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2009-10          2010-11          2011-12
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   2,238,113        3,059,078
      Transfers from Other Funds                            10-5200                       209

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                70,156,926       72,910,723       74,368,937
      Tuition                                               10-1300                   691,186          810,104          816,111
      Transportation Fees from Individuals                  10-1410                   272,498
      Interest Earned on Capital Reserve Funds              10-1XXX                       500              500
      Other Restricted Miscellaneous Revenues               10-1XXX                                    270,000          275,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   330,344           47,620          148,120
      SUBTOTAL                                                                     71,451,454       74,038,947       75,608,168

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                 2,285,463        1,716,760        1,700,000
      Other State Aids                                      10-3XXX                    59,928
      Categorical Special Education Aid                     10-3132                 1,771,893          847,891        2,402,733
      Categorical Security Aid                              10-3177                   286,634
      Categorical Transportation Aid                        10-3121                 1,037,416
      SUBTOTAL                                                                      5,441,334        2,564,651        4,102,733

      Revenues from Federal Sources:                                       
      Education Jobs Fund                                   18-4522                                                     156,767
      SUBTOTAL                                                                                                          156,767
      Adjustment for Prior Year Encumbrances                                                           768,084
      Actual Revenues (Over)/Under Expenditures                                      -948,280
      TOTAL OPERATING BUDGET                                                       75,944,717       79,609,795       82,926,746
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    95,336

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                   229,013
      TOTAL REVENUES FROM STATE SOURCES                                               229,013

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429            2,273,494
      Other                                                 20-4XXX                    88,902        1,050,000        1,050,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                           2,362,396        1,050,000        1,050,000
      TOTAL GRANTS AND ENTITLEMENTS                                                 2,686,745        1,050,000        1,050,000
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 5,500,706        5,591,242        5,766,182
      TOTAL REVENUES FROM LOCAL SOURCES                                             5,500,706        5,591,242        5,766,182

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   367,146          317,074          342,440
      TOTAL LOCAL REPAYMENT OF DEBT                                                 5,867,852        5,908,316        6,108,622
      TOTAL REPAYMENT OF DEBT                                                       5,867,852        5,908,316        6,108,622
      TOTAL REVENUES/SOURCES                                                       84,499,314       86,568,111       90,085,368
                                                      SOMERSET - BERNARDS TWP

                                                   Advertised Appropriations

                Budget Category                                Account          2009-10          2010-11         2011-12 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX         24,599,296       24,214,069       24,820,425
      Special Education                                     11-2XX-100-XXX          8,968,604        8,494,439        8,386,534
      Basic Skills/Remedial                                 11-230-100-XXX            578,392          522,015          521,515
      Bilingual Education                                   11-240-100-XXX            149,961          151,840          150,940
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            345,574          328,253          306,282
      School Sponsored Athletics                            11-402-100-XXX            929,520        1,027,090        1,018,901
      Other Supplemental/At-Risk Programs                   11-424-XXX-XXX            493,419          541,278          545,674
      Support Services:
      Tuition                                               11-000-100-XXX          2,680,778        3,266,540        3,246,946
      Health Services                                       11-000-213-XXX            657,019          628,916          632,402
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217          1,428,598        1,602,766        1,679,040
      Guidance                                              11-000-218-XXX          1,972,546        1,987,686        2,087,020
      Child Study Teams                                     11-000-219-XXX          1,821,918        1,923,393        1,944,040
      Improvement of Instructional Services                 11-000-221-XXX            759,047          712,463          775,249
      Educational Media Services - School Library           11-000-222-XXX            891,153          843,585          857,464
      Instructional Staff Training Services                 11-000-223-XXX          1,050,646        1,071,196        1,075,144
      General Administration                                11-000-230-XXX            926,229          955,164          875,297
      School Administration                                 11-000-240-XXX          3,011,454        3,266,252        3,242,215
      Central Svcs & Admin Info Technology                  11-000-25X-XXX          1,066,825        1,118,362        1,099,067
      Operation and Maintenance of Plant Services           11-000-26X-XXX          7,101,641        8,951,572        8,926,486
      Student Transportation Services                       11-000-270-XXX          3,976,834        5,028,987        5,153,294
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX         12,319,262       12,214,986       12,699,460
      Total Support Services Expenditures                                          39,663,950       43,571,868       44,293,124
      TOTAL GENERAL CURRENT EXPENSE                                                75,728,716       78,850,852       80,043,395

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                         500
      Equipment                                             12-XXX-XXX-73X            146,153          244,633          107,260
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             69,848          513,810        2,776,091
      TOTAL CAPITAL EXPENDITURES                                                      216,001          758,943        2,883,351
      OPERATING BUDGET GRAND TOTAL                                                 75,944,717       79,609,795       82,926,746

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             95,336
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             41,990
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             73,596
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             94,170
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             19,257
      Total State Projects                                                            229,013
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX          2,273,494
      Other Special Projects                                20-XXX-XXX-XXX             88,902        1,050,000        1,050,000
      Total Federal Projects                                                        2,362,396        1,050,000        1,050,000
      TOTAL GRANTS AND ENTITLEMENTS                                                 2,686,745        1,050,000        1,050,000

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          5,867,852        5,908,316        6,108,622
      TOTAL REPAYMENT OF DEBT                                                       5,867,852        5,908,316        6,108,622
      Total Expenditures                                                           84,499,314       86,568,111       90,085,368

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
                                                            11-1XX-100-930
      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                                          84,499,314       86,568,111       90,085,368
 

                                                      SOMERSET  -  BERNARDS TWP

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2009             6/30/2010             6/30/2011             6/30/2012

      Unassigned:
        General Operating Budget                             3,553,831             3,708,898             3,202,580             1,567,117
        Repayment of Debt                                            0                     0                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     61,246                61,746                62,246                62,246
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    2,873,386             3,155,410             1,423,615                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                      SOMERSET  -  BERNARDS TWP

                                               Advertised Per Pupil Cost Calculations

                                                     2011 - 2012

                                                    2008-09        2009-10           2010-11       2010-11       2011-2012
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           12042           12123          12411          12513          12646
Total Classroom Instruction                                 7361            7650           7561           7531           7634
Classroom-Salaries and Benefits                             7074            7311           7231           7188           7181
Classroom-General Supplies and Textbooks                     248             305            279            291            402
Classroom-Purchased Services and Other                        40              33             51             53             51
Total Support Services                                      1831            1875           1880           1935           2001
Support Services-Salaries and Benefits                      1706            1747           1766           1802           1860
Total Administrative Costs                                  1013            1067           1122           1157           1137
Administration-Salaries and Benefits                         864             929           1019           1002           1001
Legal Costs                                                    0              18             12             24             18
Total Operations and Maintenance of Plant                   1513            1261           1568           1602           1590
Operations & Maintenance of Plant-Salary & Ben.               60              66             66             67             67
Total Food Services Costs                                      0               0              0              0              0
Total Extracurricular Costs                                  324             270            281            288            283
Total Equipment Costs                                         21              26             30             43             19
Employee Benefits as a % of Salaries                        22.7            26.7           27.8           26.7           27.7


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2011 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 2010-11 revised appropriations and 2011-12 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               11-12 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                              SOMERSET  -  BERNARDS TWP

Shared Services -- Description of Shared Services
_________________________________________________

  The district has a shared service agreement with Bernards Township.   The
   district allows the township to use the school facilities and the town  
  provides plowing services.   The town also provides fuel for vehicles,   
  site and engineering work, and the use of some township owned            
  equipment.                                                               

                              SOMERSET  -  BERNARDS TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 11-12 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       73,639,830 (A)
Estimated Net Taxable Valuation (as of 10/01/2010 )         6,385,261,097 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100           1.1533 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              79,318,542 (D)
Estimated Net Taxable Valuation (as of 10/01/2010 )         6,385,261,097 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100                  1.2422 (F)


B. Estimated 11-12 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       73,639,830 (G)
Estimated Equalized Valuation (as of 10/01/2010 )           7,019,372,411 (H)
Estimated 11-12 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.0491 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              79,318,542 (J)
Estimated Equalized Valuation (as of 10/01/2010 )           7,019,372,411 (K)
Estimated 11-12 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.1300 (L)

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

 Name                                   Valerie Goger            
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     217,300
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           11/01/2010
   Ending Date of Contract              06/30/2014
   Annual Work Days                     260
   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   School holidays               

 Benefits:
 Allowances                                 1,690
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        17,870
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                  51,375
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

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

 Name                                   Regina Rudolph           
 Job Title                              Assistant Superintendent      
                                                                      
 Base Annual Salary                     177,915
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   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   School holidays               

 Benefits:
 Allowances                                 1,100
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        17,870
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                  41,630
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

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

 Name                                   Nick Markarian           
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     153,750
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   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   School holidays               

 Benefits:
 Allowances                                 1,710
 Bonuses                                    4,250
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        17,870
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,996
   Retirement Plans                             0

 Post-Employment Benefits                  34,274
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

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

 Name                                   James Rollo              
 Job Title                              Coordinator/Dir./Mgr./Supvr.  
                                                                      
 Base Annual Salary                     110,975
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   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   School holidays               

 Benefits:
 Allowances                                   720
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        17,391
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                   5,000
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

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

 Name                                   Brian Nielsen            
 Job Title                              Information Technology        
                                                                      
 Base Annual Salary                      81,178
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   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   School holidays               

 Benefits:
 Allowances                                   600
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        16,963
   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