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User Friendly Budgets
2008

ATLANTIC - CORBIN CITY

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Private School Placements001
spacing
Pupils Sent to Other Districts-Reg Prog637085
Pupils Sent to Other Dists-Spec Ed Prog322810

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 31,243 54,215
Withdrawal from Tuition Reserve-for Tuition adj. 10-311 0 0 103,105
Revenues from Local Sources:
Local Tax Levy 10-1210 763,006 759,100 786,464
Unrestricted Miscellaneous Revenues 10-1XXX 95,382 98,700 3,500
SUBTOTAL  858,388 857,800 789,964
Revenues from State Sources:
Core Curriculum Standards Aid 10-3111 418,411 418,411 0
Transportation Aid 10-3120 99,415 99,415 0
Special Education Aid 10-3130 159,276 159,276 0
Consolidated Aid 10-3195 14,483 14,483 0
Additional Formula Aid 10-3196 20,748 42,118 0
Other State Aids 10-3XXX 0 4,288 0
Categorical Special Education Aid 10-3132 0 0 46,908
Equalization Aid 10-3176 0 0 564,972
Categorical Security Aid 10-3177 0 0 11,610
Adjustment Aid 10-3178 0 0 34,720
Categorical Transportation Aid 10-3121 0 0 94,540
SUBTOTAL  712,333 737,991 752,750
Adjustment for Prior Year Encumbrances  0 27,795 0
Actual Revenues (Over)/Under Expenditures  -22,629 0 0
TOTAL OPERATING BUDGET  1,548,092 1,654,829 1,700,034
TOTAL REVENUES/SOURCES  1,548,092 1,654,829 1,700,034

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX1,425,0081,472,4151,530,957
Students - Related & Extraordinary 11-000-216,2171,30020,5444,000
Child Study Teams 11-000-219-XXX560600600
General Administration 11-000-230-XXX16,27320,99023,917
Central Svcs & Admin Info Technology 11-000-25X-XXX20,40220,88520,885
Operation and Maintenance of Plant Services 11-000-26X-XXX5,8176,5006,500
Student Transportation Services 11-000-270-XXX74,811111,270111,300
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,3581,6251,875
Total Support Services Expenditures 1,545,5291,654,8291,700,034
TOTAL GENERAL CURRENT EXPENSE 1,545,5291,654,8291,700,034
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X2,56300
OPERATING BUDGET GRAND TOTAL 1,548,0921,654,8291,700,034
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures 1,548,0921,654,8291,700,034

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/06
Audited
Balance
6/30/07
Estimated
Balance
6/30/08
Estimated
Balance
6/30/09
Unreserved:
  General Operating Budget235,807108,868152,18497,969
  Repayment of Debt0000
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve31,24331,24300
      Tuition Reserve103,105224,878224,878121,773
      Current Expense Emergency Reserve0000
  Reserved for Repayment of Debt0000

 

Shared Services
  • Shared Services Agreement with the Ocean City Board of Education for
  • Business Administrator/Board Secretary services for the 2008-09
  • school year
  • Joint Transportation Agreement with the Upper Township Board of Education
  • for transportation of all resident students for the 2008-09 school year
  • Participating member of the Cape May & Atlantic Counties Insurance Pool
  • (CAIP), a sub-fund of NJSBA Insurance Group

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy786,464 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)29,499,474 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1002.6660 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy786,464 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)29,499,474 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1002.6660 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy786,464 (G)
Estimated Equalized Valuation (as of 10/01/2007)67,423,724 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.1664 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy786,464 (J)
Estimated Equalized Valuation (as of 10/01/2007)67,423,724 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.1664 (L)