2. Hunterdon Central Regional High School 2009-2010 Proposed Budget

3. Educational Highlights ä Provides a safe and secure learning environment. ä Maintains an outstanding instructional program. ä Provides programs to keep more students in-district. ä Maintains a reduced administrative structure. ä Maintains streamlined co-curricular activities. ä Continues innovative technology learning practices. ä Maintains all State-mandated programs. ä Includes commitment to efficient school operations.

4. Budget Highlights  Freezes operating budget to 0% increase.  Limits total levy increase to 1.5% - $1,174,981 under the State Cap.  Freezes senior administrator salaries for 2009-2010.  Holds department budgets to zero increase for the 3 rd consecutive year.  Offsets fixed cost increases for salaries, benefits and utilities by: * 6 less staff positions * Administrative cost reductions * Lower insurance costs * Operating expense reductions  Limits per pupil administrative costs to $288 below State regional average.  Utilizes $1,393,434 in State grants to fund facility projects.  Reduces out-of-district Special Education costs by $256,310.  Aggressively pursues shared service and revenue-generating opportunities.  State Aid Revenue of $6,981,075 unchanged from last year.  Fund balance of $3,818,139 used to reduce tax levy.

5. Financial Highlights Summary of Major Budget Changes Item Amount Salary Increases (net of staff reductions) $980,825 Medical Insurance / Employee Benefits 477,290 Utilities314,000 Student Transportation (97,890) Out-of-District Tuition (184,265) Capital/Maintenance Projects(985,610) Equipment Replacement(274,790) Administration (114,790) Instruction(80,540) All Remaining Budget Accounts(34,230) Total Operating Budget $0 Grant Fund Budget Accounts (21,000) Debt Service Budget Accounts21,000 Total Change $0 Summary of Major Budget Changes Item Amount Salary Increases (net of staff reductions) $980,825 Medical Insurance / Employee Benefits 477,290 Utilities314,000 Student Transportation (97,890) Out-of-District Tuition (184,265) Capital/Maintenance Projects(985,610) Equipment Replacement(274,790) Administration (114,790) Instruction(80,540) All Remaining Budget Accounts(34,230) Total Operating Budget $0 Grant Fund Budget Accounts (21,000) Debt Service Budget Accounts21,000 Total Change $0

6. Proposed 2009-2010 Expense Budget RevisedBudget Proposed Proposed Budget BudgetPercent of Total Dollar EXPENSES2008-20092009-20102009-2010Change Regular Education $18,918,631$19,559,50031.3%$640,869 Special Education 8,368,3358,269,17013.2%(99,165) Instructional Support 5,081,5805,061,8308.1%(19,750) Administration3,566,8153,471,6605.6%(95,155) Facility Operations 6,329,2205,972,6259.6%(356,595) Transportation3,982,8353,979,2406.4%(3,595) Employee Benefits 9,741,80510,219,09516.4%477,290 Capital Outlay/Equip. 3,379,8342,835,9354.5%(543,899) Total General Fund 59,369,05559,369,05595.1%0 Grant Fund 604,711583,7110.9%(21,000) Debt Service Fund 2,506,0502,527,0504.0%21,000 TOTAL BUDGET: $62,479,816$62,479,816100.0%$0

7. Proposed 2009-2010 Expense Budget Capital Outlay 5% Employee Benefits 16% Regular Education 31% Special Education 13% Instructional Support 8% Administration 6% Facility Operations 10% Transportation 6% Grant Fund 1% Debt Service 4%

8. Revenue Revised Budget 2008-2009 Proposed Budget 2009-2010 $ Change General Fund Budgeted Fund Balance $3,815,014$3,818,139$3,125 Local Tax Levy 47,648,77148,379,741730,970 Other190,100190,1000 Total Local Funds $51,653,885$52,387,980$734,095 State Aid PY Encumbrance Adjustment 6,981,075734,0956,981,07500(734,095) Total General Fund $59,369,055$59,369,055$0 Special Revenue Fund (Grants) 604,711583,711(21,000) Debt Service Fund Budgeted Fund Balance 11,02657(10,969) Local Tax Levy 2,365,4932,399,39933,906 State Aid 129,531127,594(1,937) Total Debt Service Fund $2,506,050$2,527,05021,000 TOTAL REVENUES $62,479,816$62,479,816$0

9. Revenue Sources Grants, 0.9% Local Taxes, 87.7% State Aid, 11.4%

10. Percentage Share of Tax Levy 06-0707-0808-0909-10 Delaware10.610.810.710.4 East Amwell 8.37.36.97.2 Flemington6.25.35.44.7 Raritan40.441.240.940.6 Readington34.535.436.137.1 TOTAL100.0100.0100.0100.0

11. Tax Levy Allocation % Share Total Tax Levy Delaware10.4%$5,256,928.85 East Amwell 7.2%$3,681,970.71 Flemington4.7%$2,377,580.89 Raritan40.6%$20,591,634.77 Readington37.1%$18,871,024.78

12. Projected School Tax Rate for 2009 per $100,000 20082009Change Delaware$595$581-$14 East Amwell $435$469+$34 Flemington$494$479-$15 Raritan$474$511+$37 Readington$630$653+$23

13. On the Ballot Election of Board of Education members: Election of Board of Education members:  One from Delaware  One from Flemington  One from Readington General Fund Budget: General Fund Budget:  Resolved that there should be raised for General Funds $48,379,741 for the ensuing school year 2009-2010, to be allocated as follows: Delaware$ 5,008,530.20 East Amwell$ 3,507,811.46 Flemington$ 2,265,236.23 Raritan$ 19,618,645.70 Readington$ 17,979,337.41

14. on April 21st on April 21st Vote is only on the Operating Budget Polls open from 7:00 a.m. to 9:00 p.m.