CALIFON School District BUDGET 2012-2013

Califon Elementary Provides: Small class sizes Full day kindergarten program Preschool program Small school/community environment New educational initiatives New technology in classrooms World Language studies Sports teams Very low mobility rate

Califon is Efficient with Funds Shared service contracts to reduce costs All staff pay for benefits Cost per pupil is less than our neighboring districts (2011-12) Administrative cost per pupil in 2012-13 is $1,279. per student ($533. less per student than the regional limit of $1,812.) Average Tax Levy increase of 1.88% over the past four years Application for School Choice in 2013-14 to generate revenues

Shared Services Sharing Resources: Business Administrator-Frenchtown/Milford Articulation among sending districts Curriculum development Transportation- Tewksbury, NHVRHS, DVRHS, Hunterdon County Educational Services Commission Joint purchasing for supplies, energy, communications, and other services. Staff development/ teacher evaluation with neighboring districts Sending Special Education Students- High Bridge, Clinton Public, Lebanon Township Competitive Bidding – HCESC, ACT (telephone), ACES (electric) Middlesex Regional ESC In order to maintain our school, we have had to find alternative ways to provide services.

Goals for Budget Maintain existing programs. Provide information to the community regarding the budget process Maintain existing programs. Continue to provide a rigorous academic program for our students Keep our local property taxes under control

Budget Overview The Budget consists of four Main Funds. General Capital Outlay Special Revenue Debt Service

General Fund Traditional functions of the School Staff Salaries and Benefits Educational Support Functions Instructional Supplies Purchased Instructional Services Administrative Support Maintenance and Upkeep of the Facilities Transportation

Capital Outlay Fund Capitalized Expenditures (High Ticket Items) New Facility Building Upgrade

Special Revenue Fund Resources that are restricted in their use Federal Grants (IDEA, NCLB, REAP) Other Fund Raising

Debt Service Pay off debt on previous voter approved commitment(s) Currently have $1,525,00 remaining on a $1,9350,00 voter approved school renovation project from 2006. This debt will be paid off in 2021. Note: Maximum debt allowed by law is 3% of the average equalized assessed values of the total taxable property in the District for the past three years.

REVENUES... Where The $ Comes From 2010-2011 Actual 2011-2012 Budget 2012-2013 Anticipated Local $1,928,764 $1,967,339 $2,004,785 State $189,125 $63,389 Revenues over Expenditures $5,787 (Job Ed Fund) $208,327 $29,416 (prior year encumbrance) $4000 (Job Ed Fund) $249,050 Special Revenue Misc/Tuition $56,679 $(70) Revenues over Expenditures $65,075 $22,000 $55,314 $27,001 Fund Balance Used $10,000 $13,106 (11-12’ State Aid) Debt Service $173,785 $169,385 $169,885 Total $2,417,459 $2,475,542 $2,519,141 182 reduction in state aide 45 Tax Levy

2012-13 ANTICIPATED REVENUES Based on current state aid funding

2011-12 General Fund Expenditures

Tax Impact 2009 2010 2011 2012 Average Home Value $367,900 $369,600 $328,113 $327,878 Tax Rate (Per 100s) 1.202 1.223 1.397 1.432 Tax Due for average home $4,423 $4,522 $4,585 $4,695 For 2012 – School Tax Levy increase for average homeowner would translate to $110.00 annually. ($9.17 per month)

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