User Friendly Budgets
2008

MIDDLESEX - HELMETTA BORO

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	9	2	0
Pupils Sent to Other Districts-Reg Prog	233	240	244
Pupils Sent to Other Dists-Spec Ed Prog	43	49	51

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	69,812	142,000
Revenues from Local Sources:
Local Tax Levy	10-1210	2,987,666	2,987,666	3,069,427
Unrestricted Miscellaneous Revenues	10-1XXX	59,398	9,600	12,000
SUBTOTAL		3,047,064	2,997,266	3,081,427
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	256,803	256,803	0
Transportation Aid	10-3120	148,950	148,950	0
Special Education Aid	10-3130	311,856	311,856	0
Bilingual Education	10-3140	45,210	45,210	0
Extraordinary Aid	10-3131	35,950	0	50,220
Consolidated Aid	10-3195	32,697	32,697	0
Additional Formula Aid	10-3196	23,865	48,446	0
Other State Aids	10-3XXX	580	23,341	0
Categorical Special Education Aid	10-3132	0	0	161,883
Equalization Aid	10-3176	0	0	663,368
Categorical Security Aid	10-3177	0	0	25,011
Categorical Transportation Aid	10-3121	0	0	176,417
SUBTOTAL		855,911	867,303	1,076,899
Actual Revenues (Over)/Under Expenditures		-55,880	0	0
TOTAL OPERATING BUDGET		3,847,095	3,934,381	4,300,326
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements	20-32XX	2,669	0	0
TOTAL REVENUES FROM STATE SOURCES		2,669	0	0
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped)	20-4420-4429	50,655	43,057	43,057
TOTAL REVENUES FROM FEDERAL SOURCES		50,655	43,057	43,057
TOTAL GRANTS AND ENTITLEMENTS		53,324	43,057	43,057
TOTAL REVENUES/SOURCES		3,900,419	3,977,438	4,343,383

 

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	3,511,713	3,558,278	3,904,415
Attendance and Social Work Services	11-000-211-XXX	525	1,551	1,579
Child Study Teams	11-000-219-XXX	1,300	0	0
General Administration	11-000-230-XXX	17,906	16,665	17,218
Central Svcs & Admin Info Technology	11-000-25X-XXX	22,869	24,012	25,213
Student Transportation Services	11-000-270-XXX	286,449	331,207	349,128
Personal Services - Employee Benefits	11-XXX-XXX-2XX	6,333	2,668	2,773
Total Support Services Expenditures		3,847,095	3,934,381	4,300,326
TOTAL GENERAL CURRENT EXPENSE		3,847,095	3,934,381	4,300,326
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		3,847,095	3,934,381	4,300,326
GRANTS AND ENTITLEMENTS
Other State Projects:
Nonpublic Handicapped Services	20-XXX-XXX-XXX	2,669	0	0
Total State Projects		2,669	0	0
Federal Projects:
I.D.E.A. Part B (Handicapped)	20-XXX-XXX-XXX	50,655	43,057	43,057
Total Federal Projects		50,655	43,057	43,057
TOTAL GRANTS AND ENTITLEMENTS		53,324	43,057	43,057
REPAYMENT OF DEBT
Total Expenditures		3,900,419	3,977,438	4,343,383

 

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	192,000	311,855	277,993	135,993
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	99,925	35,950	0	0
Tuition Reserve	0	0	0	0
Current Expense Emergency Reserve	0	0	0	0
Reserved for Repayment of Debt	0	0	0	0

 

Shared Services

The Helmetta Board of Education is a non-operating school district that does not have any schools. The shared services that we utilize are insurance and telephone. We also jointure with Monroe school district for transportation. We have an interlocal with Spotswood Board of Education to take care of the day to day transportation concerns. Helmetta Board of Education also sends students to the special education programs offered by the Middlesex Regional Educational Services Commission. Transportation jointures are also arranged through the Middlesex Regional Educational Services Commission.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	3,069,427 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	250,640,757 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	1.2246 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	3,069,427 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	250,640,757 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	1.2246 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	3,069,427 (G)
Estimated Equalized Valuation (as of 10/01/2007)	252,075,852 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	1.2177 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	3,069,427 (J)
Estimated Equalized Valuation (as of 10/01/2007)	252,075,852 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	1.2177 (L)