03/29/2012                                          HUNTERDON  -  KINGWOOD TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2010         October 15, 2011         October 15, 2012
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       387                      373                      363





      Pupils on Roll - Special Full-Time                      41                       40                       43


      Subtotal - Pupils On Roll                               428                      413                      406
      Private School Placements                                1                        1                        1







      Pupils Received                                          7                        6                        4
 


                                                     HUNTERDON - KINGWOOD TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2010-11          2011-12          2012-13
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     111,179          106,058
      Withdrawal from Cap Res-for Local Share               10-307                    228,910
      Transfers from Other Funds                            10-5200                     2,144

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 5,172,767        5,173,467        5,263,158
      Tuition                                               10-1300                    22,000            6,000            6,000
      Interest Earned on Capital Reserve Funds              10-1XXX                     3,015              500              500
      Unrestricted Miscellaneous Revenues                   10-1XXX                    45,402            9,000            9,000
      SUBTOTAL                                                                      5,243,184        5,188,967        5,278,658

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                    69,122           69,122
      Other State Aids                                      10-3XXX                     2,525            2,525
      Categorical Special Education Aid                     10-3132                   232,566          232,566          244,679
      Equalization Aid                                      10-3176                   458,092          458,092          482,045
      Categorical Security Aid                              10-3177                    30,927           30,927           30,646
      Adjustment Aid                                        10-3178                   244,701          310,584          301,174
      Categorical Transportation Aid                        10-3121                   155,247          155,247          159,182
      SUBTOTAL                                                                      1,193,180        1,259,063        1,217,726

      Revenues from Federal Sources:                                       
      Education Jobs Fund                                   18-4522                                     49,579
      SUBTOTAL                                                                                          49,579
      Adjustment for Prior Year Encumbrances                                                           102,862
      Actual Revenues (Over)/Under Expenditures                                        59,686
      TOTAL OPERATING BUDGET                                                        6,727,104        6,711,650        6,602,442
      GRANTS AND ENTITLEMENTS

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416                5,753            8,437            7,172
      Title II                                              20-4451-4455               10,298            9,528            8,099
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               84,827           82,393           70,034
      Other                                                 20-4XXX                    47,134           42,336
      TOTAL REVENUES FROM FEDERAL SOURCES                                             148,012          142,694           85,305
      TOTAL GRANTS AND ENTITLEMENTS                                                   148,012          142,694           85,305
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                                       14,334

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   252,873          252,173          232,894
      TOTAL REVENUES FROM LOCAL SOURCES                                               252,873          252,173          232,894
      TOTAL LOCAL REPAYMENT OF DEBT                                                   252,873          252,173          247,228
      TOTAL REPAYMENT OF DEBT                                                         252,873          252,173          247,228
      TOTAL REVENUES/SOURCES                                                        7,127,989        7,106,517        6,934,975
                                                     HUNTERDON - KINGWOOD TWP

                                                   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          2,027,723        2,114,879        2,042,901
      Special Education                                     11-2XX-100-XXX            580,253          646,365          577,001
      Basic Skills/Remedial                                 11-230-100-XXX            125,322          128,545          188,897
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             18,756           19,448           24,120
      School Sponsored Athletics                            11-402-100-XXX             17,762           23,817           27,205
      Support Services:
      Tuition                                               11-000-100-XXX             23,527           74,307          118,025
      Health Services                                       11-000-213-XXX             62,210           63,190           63,325
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217             61,673           78,586           81,379
      Guidance                                              11-000-218-XXX             40,299           77,781           69,641
      Child Study Teams                                     11-000-219-XXX            254,344          257,231          263,473
      Improvement of Instructional Services                 11-000-221-XXX             34,920           46,800           36,500
      Educational Media Services - School Library           11-000-222-XXX            144,925          151,784          170,436
      Instructional Staff Training Services                 11-000-223-XXX              6,040           34,500           23,340
      General Administration                                11-000-230-XXX            214,186          239,903          221,384
      School Administration                                 11-000-240-XXX            147,524          144,963          139,673
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            202,975          213,002          212,202
      Operation and Maintenance of Plant Services           11-000-26X-XXX            671,630          687,728          597,006
      Student Transportation Services                       11-000-270-XXX            365,719          440,753          424,924
      Deposit to Current Expense Emergency Reserve          10-607                     75,000
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,060,274        1,237,725        1,278,200
      Total Support Services Expenditures                                           3,290,246        3,748,253        3,699,508
      TOTAL GENERAL CURRENT EXPENSE                                                 6,135,062        6,681,307        6,559,632

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                    302,144
      Interest Earned on Capital Reserve                    10-604                      3,015              500              500
      Equipment                                             12-XXX-XXX-73X             44,621           22,060           31,536
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             13,352            7,783           10,774
      Capital Reserve-Transfer to Capital Expend Fund       12-000-4XX-931            228,910
      TOTAL CAPITAL EXPENDITURES                                                      592,042           30,343           42,810
      OPERATING BUDGET GRAND TOTAL                                                  6,727,104        6,711,650        6,602,442

      SPECIAL GRANTS AND ENTITLEMENTS
      Title I                                               20-XXX-XXX-XXX              5,753            8,437            7,172
      Federal Projects:
      Title II                                              20-XXX-XXX-XXX             10,298            9,528            8,099
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             84,827           82,393           70,034
      Other Special Projects                                20-XXX-XXX-XXX             47,134           42,336
      Total Federal Projects                                                          148,012          142,694           85,305
      TOTAL GRANTS AND ENTITLEMENTS                                                   148,012          142,694           85,305

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            252,873          252,173          247,228
      TOTAL REPAYMENT OF DEBT                                                         252,873          252,173          247,228
      Total Expenditures                                                            7,127,989        7,106,517        6,934,975

      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                                           7,127,989        7,106,517        6,934,975
 

                                                     HUNTERDON  -  KINGWOOD TWP

                                          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                               352,503               321,647               250,000               250,000
        Repayment of Debt                                            0                     0                14,334                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    540,194               616,443               616,943               617,443
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                 75,000                75,000                75,000                75,000
            Legal Reserve                                      230,099               232,577               106,058                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                75,000                75,000                75,000
         Repayment of Debt:
            Restricted for Repayment of Debt                         0                     0                     0                     0
 



                                                     HUNTERDON  -  KINGWOOD TWP

                                               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                 12712           13057          14314          15281          15250
Total Classroom Instruction                                 7661            8019           8542           8958           9003
Classroom-Salaries and Benefits                             6923            7365           7705           8051           8307
Classroom-General Supplies and Textbooks                     492             521            686            731            530
Classroom-Purchased Services and Other                       246             133            151            176            166
Total Support Services                                      1707            1748           1915           2150           2167
Support Services-Salaries and Benefits                      1487            1516           1583           1771           1686
Total Administrative Costs                                  1615            1636           1758           1827           1810
Administration-Salaries and Benefits                        1437            1459           1530           1558           1585
Legal Costs                                                    0              19             31             31             25
Total Operations and Maintenance of Plant                   1793            1717           1627           1852           1669
Operations & Maintenance of Plant-Salary & Ben.              645             669            728            768            789
Board Contribution to Food Services                            0               0              0              0              0
Total Extracurricular Costs                                   95             102            123            129            156
Total Equipment Costs                                        114             104              9             53             78
Employee Benefits as a % of Salaries                        23.2            28.6           32.2           32.2           33.5


 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.

                                                     HUNTERDON  -  KINGWOOD TWP

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               12-13 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                             HUNTERDON  -  KINGWOOD TWP

Shared Services -- Description of Shared Services
_________________________________________________

  In the ever-changing environment of financing education, the Kingwood    
  Township Board of Education participates in many shared services and cost
  effective programs.                                                      
                                                                           
  For example, our property, liability and workers compensation insurance  
  is with New Jersey School Boards Association Insurance Group - ERIC WEST.
  We participate in the Alliance for Competive Energy Service (ACES) - for 
  our electric, the Hunterdon County Education Services Commission and the 
  Middlesex County Education Services Commission for cooperative bidding of
  supplies.                                                                
                                                                           
  Also, we are part of the Delaware Valley Regional Transportation Jointure
  for bothe regular and special education busing and share our internet and
  technology services the Delaware Valley Regional Consortium. In addition,
  we are in an shared hourly agreement with the Delaware Valley Regional   
  High School for electrical/HVAC services.                                
                                                                           
  Furthermore, we participate in the Federal Universal Service Program     
  (E-Rate), NJ SmartStart for clean energy grants, NJ State Contracts and  
  Federal REAP Grants.                                                     

                             HUNTERDON  -  KINGWOOD TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 12-13 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,263,158 (A)
Estimated Net Taxable Valuation (as of 02/28/2012 )           608,256,896 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100           0.8653 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,496,052 (D)
Estimated Net Taxable Valuation (as of 02/28/2012 )           608,256,896 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)X100                  0.9036 (F)


B. Estimated 12-13 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,263,158 (G)
Estimated Equalized Valuation (as of 02/28/2012 )             639,241,772 (H)
Estimated 12-13 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.8233 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,496,052 (J)
Estimated Equalized Valuation (as of 02/28/2012 )             639,241,772 (K)
Estimated 12-13 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.8598 (L)

                             HUNTERDON  -  KINGWOOD TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Rick Falkenstein         
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     143,500
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           09/09/2010
   Ending Date of Contract              06/30/2014
   Annual Work Days                     245
   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                                 

 Benefits:
 Allowances                                 2,220
 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                  15,000
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             HUNTERDON  -  KINGWOOD TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Bobbie Beriont           
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     109,150
 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                     245
   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                                 

 Benefits:
 Allowances                                 2,700
 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                  15,000
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             HUNTERDON  -  KINGWOOD TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Scott Yerger             
 Job Title                              Assistant Principal           
                                                                      
 Base Annual Salary                      83,000
 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                     245
   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                                 6,160
 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                   8,000
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             HUNTERDON  -  KINGWOOD TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Leslie Callanan          
 Job Title                              Coordinator/Dir./Mgr./Supvr.  
                                                                      
 Base Annual Salary                      76,500
 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                     186
   Annual Vacation Days                   0
   Annual Sick Days                      10
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                 6,000
 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                   8,000
 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