03/25/2009 MORRIS - PEQUANNOCK TWP
Advertised Enrollments
ENROLLMENT CATEGORY October 15, 2007 October 15, 2008 October 15, 2009
Actual Actual Estimated
Pupils on Roll Regular Full-Time 2128 2127 2132
Pupils on Roll Regular Shared-Time 4 2
Pupils on Roll - Special Full-Time 306 298 299
Pupils on Roll - Special Shared-Time 2 3
Private School Placements 21 21 23
Pupils Sent to Other Districts-Reg Prog 26
Pupils Sent to Other Dists-Spec Ed Prog 11 9 12
Pupils Received 2 5 4
Pupils in State Facilities 1 1
MORRIS - PEQUANNOCK TWP
Advertised Revenues
Budget Category Account 2007-08 2008-09 2009-10
Actual Revised Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 826,477 1,300,658
Withdrawal from Cap Res-for Local Share 10-307 372,600
Transfers from Other Funds 10-5200 -51,700
Revenues from Local Sources:
Local Tax Levy 10-1210 28,377,446 29,453,628 30,204,340
Tuition 10-1300 182,523 150,000 280,000
Transportation Fees from Individuals 10-1410 36,646
Transportation Fees from Other LEAs 10-1420-1440 26,000 26,000
Interest Earned on Capital Reserve Funds 10-1XXX 4,974 2,000 2,000
Unrestricted Miscellaneous Revenues 10-1XXX 301,961 210,100 275,100
SUBTOTAL 28,903,550 29,841,728 30,787,440
Revenues from State Sources:
Transportation Aid 10-3120 221,558
Special Education Aid 10-3130 1,513,421
Bilingual Education 10-3140 19,784
Stabilization Aid 10-3171 565,711
Extraordinary Aid 10-3131 105,917 230,949 170,004
Consolidated Aid 10-3195 278,908
Additional Formula Aid 10-3196 158,302
Other State Aids 10-3XXX 30,242
Categorical Special Education Aid 10-3132 1,357,800 1,385,095
Equalization Aid 10-3176 1,129,528 1,004,748
Categorical Security Aid 10-3177 178,909 181,846
Categorical Transportation Aid 10-3121 270,857 365,405
SUBTOTAL 2,893,843 3,168,043 3,107,098
Adjustment for Prior Year Encumbrances 728,468
Actual Revenues (Over)/Under Expenditures -724,605
TOTAL OPERATING BUDGET 31,021,088 34,564,716 35,567,796
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 163,098 122,600 122,600
TOTAL REVENUES FROM STATE SOURCES 163,098 122,600 122,600
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 521,294 400,000 420,000
Other 20-4XXX 93,989 80,000 80,000
TOTAL REVENUES FROM FEDERAL SOURCES 615,283 480,000 500,000
TOTAL GRANTS AND ENTITLEMENTS 778,381 602,600 622,600
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 23,066 15,478
Revenues from Local Sources:
Local Tax Levy 40-1210 977,709 345,474 603,675
Miscellaneous 40-1XXX 15,478
TOTAL REVENUES FROM LOCAL SOURCES 993,187 345,474 603,675
Revenues from State Sources:
Debt Service Aid Type II 40-3160 187,180 186,010 332,122
TOTAL LOCAL REPAYMENT OF DEBT 1,180,367 554,550 951,275
Actual Revenues (Over)/Under Expenditures -13,419
TOTAL REPAYMENT OF DEBT 1,166,948 554,550 951,275
TOTAL REVENUES/SOURCES 32,966,417 35,721,866 37,141,671
MORRIS - PEQUANNOCK 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 11,348,309 12,384,212 12,449,860
Special Education 11-2XX-100-XXX 2,918,312 3,243,549 3,402,674
Basic Skills/Remedial 11-230-100-XXX 203,465 244,688 239,963
Bilingual Education 11-240-100-XXX 27,607 31,339 33,413
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX 238,606 184,540 194,669
School Sponsored Athletics 11-402-100-XXX 352,830 487,047 494,965
Other Instructional Programs 11-4XX-100-XXX 16,992 22,050 23,055
Support Services:
Tuition 11-000-100-XXX 1,357,758 1,384,772 1,511,081
Health Services 11-000-213-XXX 379,837 408,446 431,530
Speech, OT, PT, Related & Extraordinary Services 11-000-216,217 716,665 850,355 700,628
Guidance 11-000-218-XXX 624,327 794,624 738,560
Child Study Teams 11-000-219-XXX 579,992 613,368 693,485
Improvement of Instructional Services 11-000-221-XXX 445,440 572,860 477,417
Educational Media Services - School Library 11-000-222-XXX 509,444 556,803 536,316
Instructional Staff Training Services 11-000-223-XXX 36,248 42,398 53,500
General Administration 11-000-230-XXX 749,471 897,165 798,967
School Administration 11-000-240-XXX 1,678,295 1,997,654 1,834,315
Central Svcs & Admin Info Technology 11-000-25X-XXX 581,026 675,959 652,379
Operation and Maintenance of Plant Services 11-000-26X-XXX 2,583,266 2,607,039 2,752,128
Student Transportation Services 11-000-270-XXX 977,462 939,829 980,864
Personal Services - Employee Benefits 11-XXX-XXX-2XX 4,605,491 5,484,911 6,145,827
Total Support Services Expenditures 15,824,722 17,826,183 18,306,997
TOTAL GENERAL CURRENT EXPENSE 30,930,843 34,423,608 35,145,596
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-604 2,000 2,000
Equipment 12-XXX-XXX-73X 78,275 109,108 47,600
Facilities Acquisition and Construction Services 12-000-4XX-XXX 11,970 30,000 372,600
TOTAL CAPITAL EXPENDITURES 90,245 141,108 422,200
OPERATING BUDGET GRAND TOTAL 31,021,088 34,564,716 35,567,796
SPECIAL GRANTS AND ENTITLEMENTS
Nonpublic Textbooks 20-XXX-XXX-XXX 19,618 23,600 23,600
Other State Projects:
Nonpublic Auxiliary Services 20-XXX-XXX-XXX 36,297 25,000 25,000
Nonpublic Handicapped Services 20-XXX-XXX-XXX 65,525 35,000 35,000
Nonpublic Nursing Services 20-XXX-XXX-XXX 27,097 25,000 25,000
Nonpublic Technology Initiative 20-XXX-XXX-XXX 14,040 14,000 14,000
Other Special Projects 20-XXX-XXX-XXX 521
Total State Projects 163,098 122,600 122,600
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX 521,294 400,000 420,000
Other Special Projects 20-XXX-XXX-XXX 93,989 80,000 80,000
Total Federal Projects 615,283 480,000 500,000
TOTAL GRANTS AND ENTITLEMENTS 778,381 602,600 622,600
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX 1,166,948 554,550 951,275
TOTAL REPAYMENT OF DEBT 1,166,948 554,550 951,275
Total Expenditures 32,966,417 35,721,866 37,141,671
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 32,966,417 35,721,866 37,141,671
MORRIS - PEQUANNOCK 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 831,861 751,660 621,456 521,456
Repayment of Debt 25,125 38,544 15,478 0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve 164,606 558,358 560,358 189,758
Adult Education Programs 0 0 0 0
Maintenance Reserve 0 0 0 0
Legal Reserve 1,883,608 2,223,913 1,397,436 196,778
Tuition Reserve 0 0 0 0
Current Expense Emergency Reserve 0 0 0 0
Reserved for Repayment of Debt 0 0 0 0
MORRIS - PEQUANNOCK 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 11166 11730 12729 13201 13406
Total Classroom Instruction 7036 7260 7880 8170 8379
Classroom-Salaries and Benefits 6393 6691 7115 7186 7598
Classroom-General Supplies and Textbooks 462 380 487 639 521
Classroom-Purchased Services and Other 181 189 278 345 260
Total Support Services 1415 1610 1835 1846 1794
Support Services-Salaries and Benefits 1200 1361 1498 1486 1546
Total Administrative Costs 1339 1435 1583 1723 1695
Administration-Salaries and Benefits 1073 1162 1282 1297 1382
Total Operations and Maintenance of Plant 1103 1182 1163 1185 1255
Operations & Maintenance of Plant-Salary & Ben. 532 535 590 583 641
Total Food Services Costs 0 0
Total Extracurricular Costs 254 243 270 277 284
Total Equipment Costs 49 32 22 45 20
Employee Benefits as a % of Salaries 23.3 23.2 26.1 26.3 28.2
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.
MORRIS - PEQUANNOCK 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
MORRIS - PEQUANNOCK TWP
Shared Services -- Description of Shared Services
_________________________________________________
Joint transportation agreement with other LEAs- hosting and joining
Joint services agreements withMorris County Ed. Services Commission for
educational and transportation services.
Joint purchasing agreement through Morris County Ed. Services Commission.
Will enter Joint purchasing agreement with Hunterdon County Ed. Serv.
Commission for purchasing of technology supplies and services.
Participation in ACES- cooperative bidding for purchase of natural gas
and electricity
Participation in ACT- cooperative bidding for purchase of long distance
telephone service
Participation in Federal Erate program- for reduction of district
telelcommunications costs
Agreement with Township for purchase of gasoline/diesel fuels
Cooperative agreement with Township recreation for building use fees
Cooperative agreement with Township for purchase of salt for snow
removal
Cooperative agreement with Township for portions of field maintenance
Cooperative agreement with Township for sidewalk installation
Joint committee formed with Township to facilitate the development for
Interlocal agreement with Board/Township to explore possibilities
may lead to partnerships i.e. field development, solar, shared services
MORRIS - PEQUANNOCK TWP
22a. Estimated Tax Rate Information
______________________________
A. Estimated 09-10 School Tax Rate
__________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 29,828,984 (A)
Estimated Net Taxable Valuation (as of 02/01/2009 ) 2,895,641,824 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)X100 1.0301 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 30,303,459 (D)
Estimated Net Taxable Valuation (as of 02/01/2009 ) 2,895,641,824 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)X100 1.0465 (F)
B. Estimated 09-10 Equalized School Tax Rate
____________________________________________
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy 29,828,984 (G)
Estimated Equalized Valuation (as of 10/01/2008 ) 2,851,623,558 (H)
Estimated 09-10 Equalized General Fund School
Tax Rate=(G)/(H)X100 1.0460 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy 30,303,459 (J)
Estimated Equalized Valuation (as of 10/01/2008 ) 2,851,623,558 (K)
Estimated 09-10 Equalized Total School
Tax Rate=(J)/(K)X100 1.0627 (L)
MORRIS - PEQUANNOCK TWP
17. Salaries and Benefits of Certain District Employees
Name Larrie Reynolds
Job Title Superintendent
Base Annual Salary 181,203
FTE 1
Shared with Another District? N
Contract Terms:
Beginning Date of Contract 08/17/2006
Ending Date of Contract 06/30/1911
Annual Work Days 247
Annual Vacation Days 20
Annual Sick Days 12
Annual Personal Days 5
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days N/A
Benefits:
Allowances 8,100
Bonuses 3,553
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 6,156
Retirement Plans 12,000
Post-Employment Benefits 22,600
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
MORRIS - PEQUANNOCK TWP
17. Salaries and Benefits of Certain District Employees
Name Rosalie Winning
Job Title Assistant Superintendent
Base Annual Salary 115,961
FTE 1
Shared with Another District? N
Contract Terms:
Beginning Date of Contract 07/01/2008
Ending Date of Contract 06/30/1908
Annual Work Days 248
Annual Vacation Days 26
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 0
Bonuses 2,225
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 0
Dental Insurance 0
Life Insurance 0
Other Insurances 6,156
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 25,258
Description of:
Annual Buyback of Sick Days
Annual Buyback of Vac. Days
Annual Buyback of Personal Days
All Other In-Kind/Remuneration
Additional Comments
MORRIS - PEQUANNOCK TWP
17. Salaries and Benefits of Certain District Employees
Name Steve DiGeronimo
Job Title Business Administrator
Base Annual Salary 138,471
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 248
Annual Vacation Days 26
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 0
Bonuses 0
Stipends 0
District Contributions above Teacher amount for:
Health Insurance 672
Dental Insurance 0
Life Insurance 0
Other Insurances 0
Retirement Plans 0
Post-Employment Benefits 30,000
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
MORRIS - PEQUANNOCK TWP
17. Salaries and Benefits of Certain District Employees
Name Joe Vasti
Job Title Other
Base Annual Salary 91,923
FTE 1
Shared with Another District? N
Contract Terms:
Beginning Date of Contract 07/01/2008
Ending Date of Contract 06/30/2008
Annual Work Days 248
Annual Vacation Days 15
Annual Sick Days 12
Annual Personal Days 5
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 0
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 10,000
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
MORRIS - PEQUANNOCK TWP
17. Salaries and Benefits of Certain District Employees
Name Bill Welfel
Job Title Other
Base Annual Salary 81,705
FTE 1
Shared with Another District? N
Contract Terms:
Beginning Date of Contract 07/01/2008
Ending Date of Contract 06/30/2008
Annual Work Days 248
Annual Vacation Days 20
Annual Sick Days 12
Annual Personal Days 3
Annual Consulting Days 0
Other Non-working days 0
Description-Other Non-working Days
Benefits:
Allowances 0
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 8,785
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