User Friendly Budgets
2008

HUNTERDON - GLEN GARDNER BORO

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	2	2	3
Pupils Sent to Other Districts-Reg Prog	161	159	154
Pupils Sent to Other Dists-Spec Ed Prog	38	31	30

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	67,000	0	37,000
Withdrawal from Tuition Reserve-Excess over adj.	10-311	95,000	75,000	30,000
Revenues from Local Sources:
Local Tax Levy	10-1210	1,451,415	1,479,651	1,538,837
Transportation Fees from Other LEAs	10-1420-1440	957	0	0
Unrestricted Miscellaneous Revenues	10-1XXX	14,322	10,000	10,000
SUBTOTAL		1,466,694	1,489,651	1,548,837
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	471,832	471,832	0
Supplemental Core Curriculum Standards Aid	10-3112	87,212	87,212	0
Transportation Aid	10-3120	200,465	200,465	0
Special Education Aid	10-3130	120,923	120,923	0
Stabilization Aid	10-3171	168,621	168,621	0
Extraordinary Aid	10-3131	8,718	0	17,587
Consolidated Aid	10-3195	23,409	23,409	0
Additional Formula Aid	10-3196	21,444	54,261	0
Other State Aids	10-3XXX	696	0	0
Categorical Special Education Aid	10-3132	0	0	96,467
Equalization Aid	10-3176	0	0	718,511
Categorical Security Aid	10-3177	0	0	14,531
Adjustment Aid	10-3178	0	0	169,519
Categorical Transportation Aid	10-3121	0	0	132,642
SUBTOTAL		1,103,320	1,126,723	1,149,257
Actual Revenues (Over)/Under Expenditures		-11,933	0	0
TOTAL OPERATING BUDGET		2,653,081	2,691,374	2,765,094
TOTAL REVENUES/SOURCES		2,653,081	2,691,374	2,765,094

 

Advertised Appropriations
Budget Category	Account	2006-07 Expenditures	2007-08 Rev. Approp.	2008-09 Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition	11-000-100-XXX	2,366,157	2,370,520	2,482,406
Attendance and Social Work Services	11-000-211-XXX	0	100	100
Students - Related & Extraordinary	11-000-216,217	3,730	11,090	11,500
General Administration	11-000-230-XXX	16,231	19,510	19,176
Central Svcs & Admin Info Technology	11-000-25X-XXX	19,718	20,950	21,678
Operation and Maintenance of Plant Services	11-000-26X-XXX	384	400	400
Student Transportation Services	11-000-270-XXX	246,390	268,342	229,344
Personal Services - Employee Benefits	11-XXX-XXX-2XX	471	462	490
Total Support Services Expenditures		2,653,081	2,691,374	2,765,094
TOTAL GENERAL CURRENT EXPENSE		2,653,081	2,691,374	2,765,094
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		2,653,081	2,691,374	2,765,094
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures		2,653,081	2,691,374	2,765,094

 

Advertised Recapitulation of Balances
Budget Category	Audited Balance 6/30/06	Audited Balance 6/30/07	Estimated Balance 6/30/08	Estimated Balance 6/30/09
Unreserved:
General Operating Budget	164,656	176,589	213,589	176,589
Repayment of Debt	0	0	0	0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve	0	0	0	0
Adult Education Programs	0	0	0	0
Maintenance Reserve	0	0	0	0
Legal Reserve	0	0	0	0
Tuition Reserve	200,000	105,000	30,000	0
Current Expense Emergency Reserve	0	0	0	0
Reserved for Repayment of Debt	0	0	0	0

 

Shared Services

The Glen Gardner Board of Education contracts with the Hunterdon County Educational Services Commission for both regular and special education transportation. In addition Glen Gardner hosts a jointure transportation agreement providing for special education transportation for the Town of Clinton School. The Glen Gardner Board of Education does not maintain its own physical plant and has a cooperative agreement with the Borough of Glen Gardner to use its facilities at the Borough Hall to hold meetings and for records retention. Therefore the Board of Education has no facility or maintenance costs.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,538,837 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	139,490,475 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	1.1032 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,538,837 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	139,490,475 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	1.1032 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,538,837 (G)
Estimated Equalized Valuation (as of 10/01/2007)	198,131,648 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	0.7767 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,538,837 (J)
Estimated Equalized Valuation (as of 10/01/2007)	198,131,648 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	0.7767 (L)