2. Hunterdon Central Regional High School 2008-2009 Proposed Budget

3. Educational Highlights ä Maintains all existing instructional programs ä Creates a cost efficient in-district alternate education program ä Additional staff to maintain class size and for student services ä Includes 4 new staff members to meet student special education requirements ä Expands current ESL program to meet increased needs ä Provides a safe and secure learning environment ä Maintains streamlined co-curricular activities ä Continues innovative technology learning practices ä Commitment to efficiency in school operations

4. Enrollment

5. Budget Highlights  Tax levy +1.1%; under the State Cap by $1,860,000  Operating budget +3.6%  State Aid Revenue increased by $661,573 or 10%  Fund balance of $3,815,014 used to reduce tax levy  Fixed cost increases are included for: * Salary * Benefits * Utilities * Salary * Benefits * Utilities  Employee salaries and benefits are 73.7% of the Operating Budget  Administrative expenses flat: $288 per student below the State limit  Provides funding for facility capital projects  Establishes a maintenance reserve for future tax relief  Special Education out-of-district costs reduced by $173,250  Department budgets are $59,000 less than last year  Explores new shared service opportunities  Continues efforts to identify additional revenue sources

6. Financial Highlights Summary of Major Budget Changes % of Total % of Total Item Amount Change Salary Increases for Existing Staff $1,150,10057.7 Additional Teaching / Staff Salary357,86018.0 Medical Insurance / Employee Benefits 702,82535.2 Utilities 127,0156.4 Student Transportation 77,5033.9 Out-of-District Tuition (173,250)(8.7) Capital Outlay (34,955)(1.8) All Remaining Budget Accounts (213,909)(10.7) Total Operating Budget $1,993,189100.0% Grant Fund Budget Accounts (141,806) Debt Service Budget Accounts9,590 Maintenance and Capital Reserve Contribution 1,300,000 Total Change $3,160,973 Summary of Major Budget Changes % of Total % of Total Item Amount Change Salary Increases for Existing Staff $1,150,10057.7 Additional Teaching / Staff Salary357,86018.0 Medical Insurance / Employee Benefits 702,82535.2 Utilities 127,0156.4 Student Transportation 77,5033.9 Out-of-District Tuition (173,250)(8.7) Capital Outlay (34,955)(1.8) All Remaining Budget Accounts (213,909)(10.7) Total Operating Budget $1,993,189100.0% Grant Fund Budget Accounts (141,806) Debt Service Budget Accounts9,590 Maintenance and Capital Reserve Contribution 1,300,000 Total Change $3,160,973

7. Proposed 2008-2009 Expense Budget RevisedBudget Proposed Proposed Budget BudgetPercent of Total DollarPercent EXPENSES2007-20082008-20092008-2009ChangeChange Regular Education $18,365,455$19,144,43531.1%$778,9804.2% Special Education 8,100,9278,382,03513.6%281,1083.5% Instructional Support 4,945,2834,964,3208.1%19,037.4% Administration3,450,9643,469,4155.6%18,451.5% Facility Operations 5,378,1555,518,3959.0%140,2402.6% Transportation3,899,8323,977,3356.5%77,5032.0% Employee Benefits 9,028,9809,741,80515.8%712,8257.9% Capital Outlay/Equip. 2,172,1752,137,2203.5%(34,955)(1.6%) Total General Fund 55,341,77157,334,96093.1%1,993,1893.6% Grant Fund 617,146475,340.8%(141,806)(23.0%) Debt Service Fund 2,496,4602,506,0504.1%9,590.4% Maintenance & Capital Reserve Contrib. 0-----------------1,300,000-------------------2.1%-----------------1,300,000--------------------0.0%---------------- TOTAL BUDGET: $58,455,377$61,616,350100.0%$3,160,9735.4%

8. Proposed 2008-2009 Expense Budget Capital Outlay 4% Employee Benefits 16% Regular Education 31% Special Education 14% Instructional Support 8% Administration 5% Facility Operations 10% Transportation 7% Grant Fund 1% Debt Service 4%

9. Revenue Revised Budget 2007-2008 Proposed Budget 2008-2009 $ Change General Fund Budgeted Fund Balance $1,304,861$3,815,014$2,510,153 Local Tax Levy 47,123,67047,648,771525,101 Other190,100190,1000 Total Local Funds $48,618,631$51,653,885$3,035,254 State Aid PY Encumbrance Adjustment 6,319,502403,6386,981,0750661,573(403,638) Total General Fund $55,341,771$58,634,960$3,293,189 Special Revenue Fund (Grants) 617,146475,340(141,806) Debt Service Fund Budgeted Fund Balance 111,02611,025 Local Tax Levy 2,367,9362,365,493(2,443) State Aid 128,523129,5311,008 Total Debt Service Fund $2,496,460$2,506,0509,590 TOTAL REVENUES $58,455,377$61,616,350$3,160,973

10. Revenue Sources Grants, 0.8% Local Taxes, 87.7% State Aid, 11.5%

11. Percentage Share of Tax Levy

12. Tax Levy Allocation

13. Assessed Property Values

14. Projected School Tax Rate for 2008 per $100,000

15. On the Ballot Election of Board of Education members: Election of Board of Education members:  One from East Amwell  One from Raritan Township  One from Readington Township General Fund Budget: General Fund Budget:  Resolved that there should be raised for General Funds $47,648,771 for the ensuing school year 2008-2009, to be allocated as follows: Delaware$ 5,095,746.97 East Amwell$ 3,281,280.73 Flemington$ 2,577,559.74 Raritan$ 19,477,836.36 Readington$ 17,216,347.20

16. on April 15th on April 15th Vote is only on the Operating Budget Polls open from 7:00 a.m. to 9:00 p.m.

17. Enrollment by Town