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User Friendly Budgets
2008

MORRIS - MOUNTAIN LAKES BORO

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time1,2021,2291,239
Pupils on Roll Regular Shared-Time100
spacing
Pupils on Roll - Special Full-Time373374379
Pupils on Roll - Special Shared-Time355
Private School Placements111214
spacing
Pupils Sent to Other Districts-Reg Prog100
Pupils Sent to Other Dists-Spec Ed Prog776
Pupils Received442461475

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 823,271 100,000
Withdrawal from Tuition Reserve-for Tuition adj. 10-311 0 330,000 0
Revenues from Local Sources:
Local Tax Levy 10-1210 16,059,217 16,787,091 17,504,158
Tuition 10-1300 12,898,718 14,292,925 13,973,817
Interest Earned on Capital Reserve Funds 10-1XXX 1,913 500 500
Other Restricted Miscellaneous Revenues 10-1XXX 219,165 130,000 140,000
Unrestricted Miscellaneous Revenues 10-1XXX 0 100,000 100,000
SUBTOTAL  29,179,013 31,310,516 31,718,475
Revenues from State Sources:
Transportation Aid 10-3120 5,800 0 0
Special Education Aid 10-3130 717,381 717,381 0
Extraordinary Aid 10-3131 24,280 0 28,107
Consolidated Aid 10-3195 86,769 86,769 0
Additional Formula Aid 10-3196 22,021 48,955 0
Other State Aids 10-3XXX 3,459 0 0
Categorical Special Education Aid 10-3132 0 0 631,522
Categorical Security Aid 10-3177 0 0 82,843
Adjustment Aid 10-3178 0 0 164,714
Categorical Transportation Aid 10-3121 0 0 71,979
SUBTOTAL  859,710 853,105 979,165
Adjustment for Prior Year Encumbrances  0 320,156 0
Actual Revenues (Over)/Under Expenditures  1,257,350 0 0
TOTAL OPERATING BUDGET  31,296,073 33,637,048 32,797,640
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 139,712 0 0
Revenues from State Sources:
Demonstrably Effective Program Aid 20-3212 71,613 71,613 0
Other Restricted Entitlements 20-32XX 339,245 322,691 322,691
TOTAL REVENUES FROM STATE SOURCES  410,858 394,304 322,691
Revenues from Federal Sources:
Title I 20-4411-4416 13,701 0 0
I.D.E.A. Part B (Handicapped) 20-4420-4429 238,250 188,858 188,858
Other 20-4XXX 29,379 0 0
TOTAL REVENUES FROM FEDERAL SOURCES  281,330 188,858 188,858
TOTAL GRANTS AND ENTITLEMENTS  831,900 583,162 511,549
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 0 1
Revenues from Local Sources:
Local Tax Levy 40-1210 1,104,948 1,118,594 1,133,184
TOTAL REVENUES FROM LOCAL SOURCES  1,104,948 1,118,594 1,133,184
Revenues from State Sources:
Debt Service Aid Type II 40-3160 124,723 124,531 125,414
TOTAL LOCAL REPAYMENT OF DEBT  1,229,671 1,243,125 1,258,599
Actual Revenues (Over)/Under Expenditures  21,902 0 0
TOTAL REPAYMENT OF DEBT  1,251,573 1,243,125 1,258,599
TOTAL REVENUES/SOURCES  33,379,546 35,463,335 34,567,788

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX7,646,5758,157,9168,373,866
Special Education 11-2XX-100-XXX6,310,2006,727,2476,433,075
Basic Skills/Remedial 11-230-100-XXX138,188161,553168,015
Bilingual Education 11-240-100-XXX31,65514,97615,554
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX134,448146,249147,561
School Sponsored Athletics 11-402-100-XXX555,309631,663627,807
Support Services:
Tuition 11-000-100-XXX563,620943,469714,613
Health Services 11-000-213-XXX1,018,6111,069,836892,251
Students - Related & Extraordinary 11-000-216,217336,353329,986343,145
Guidance 11-000-218-XXX634,505685,282715,422
Child Study Teams 11-000-219-XXX575,495626,618559,790
Improvement of Instructional Services 11-000-221-XXX836,5641,069,3981,154,811
Educational Media Services - School Library 11-000-222-XXX351,367356,375348,011
Instructional Staff Training Services 11-000-223-XXX85,56684,10665,000
General Administration 11-000-230-XXX680,140682,911506,969
School Administration 11-000-240-XXX1,786,7641,594,2511,527,024
Central Svcs & Admin Info Technology 11-000-25X-XXX380,457377,111343,786
Operation and Maintenance of Plant Services 11-000-26X-XXX2,740,9453,015,0522,994,047
Student Transportation Services 11-000-270-XXX496,661491,262521,435
Deposit to Current Expense Emergency Reserve 10-6070112,6400
Personal Services - Employee Benefits 11-XXX-XXX-2XX4,633,9075,229,4745,433,993
Food Services 11-000-310-XXX53,73530,00027,000
Total Support Services Expenditures 15,174,69016,585,13116,147,297
TOTAL GENERAL CURRENT EXPENSE 29,991,06532,537,37531,913,175
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-6040500500
Equipment 12-XXX-XXX-73X459,984211,23145,358
Facilities Acquisition and Construction Services 12-000-4XX-XXX466,751472,434393,670
TOTAL CAPITAL EXPENDITURES 926,735684,165439,528
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX366,162366,981382,118
Support Services 13-422-200-XXX12,11148,52762,819
Total Summer School 378,273415,508444,937
TOTAL SPECIAL SCHOOLS 378,273415,508444,937
OPERATING BUDGET GRAND TOTAL 31,296,07333,637,04832,797,640
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX139,71200
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX59,61359,6130
Support Services 20-212-200-XXX12,00012,0000
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 71,61371,6130
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX7,0007,0417,041
Nonpublic Handicapped Services 20-XXX-XXX-XXX58,84947,83047,830
Nonpublic Nursing Services 20-XXX-XXX-XXX9,3568,3328,332
Nonpublic Technology Initiative 20-XXX-XXX-XXX5,0404,4884,488
Other Special Projects 20-XXX-XXX-XXX259,000255,000255,000
Total State Projects 410,858394,304322,691
Federal Projects:
Title I 20-XXX-XXX-XXX13,70100
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX238,250188,858188,858
Other Special Projects 20-XXX-XXX-XXX29,37900
Total Federal Projects 281,330188,858188,858
TOTAL GRANTS AND ENTITLEMENTS 831,900583,162511,549
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX1,251,5731,243,1251,258,599
TOTAL REPAYMENT OF DEBT 1,251,5731,243,1251,258,599
Total Expenditures 33,379,54635,463,33534,567,788

 

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 Budget1,082,1521,189,584566,313466,313
  Repayment of Debt21,903110
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve38,25840,17040,67041,170
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve0000
      Tuition Reserve1,400,970330,00000
      Current Expense Emergency Reserve00112,640112,640
  Reserved for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2005-06
Actual
2006-07
Actual
2007-08
Original
Budget
2007-08
Revised
Budget
2008-09
Proposed
Budget
Total Comparative Per Pupil Cost16,67218,22118,50219,34718,931
Total Classroom Instruction9,87110,78410,69711,16411,417
Classroom-Salaries and Benefits9,30110,19110,21510,57610,955
Classroom-General Supplies and Textbooks482497374418334
Classroom-Purchased Services and Other8896108170128
Total Support Services2,7062,8643,5653,7073,069
Support Services-Salaries and Benefits2,2212,4203,1793,3072,791
Total Administrative Costs1,8882,0981,7351,7981,763
Administration-Salaries and Benefits1,4411,6931,3611,3741,495
Total Operations and Maintenance of Plant1,6751,8932,0092,1862,052
Operations & Maintenance of Plant-Salary & Ben.8569281,1231,1261,033
Total Food Services Costs3034191917
Total Extracurricular Costs471503477485565
Total Equipment Costs3132898313228
Employee Benefits as a % of Salaries21.422.525.423.924.7

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2008 Comparative Spending Guide and can be found on the Department of Education's Internet address: http://www.state.nj.us/education under Finance, when available. This publication is available in the board office and public libraries. The same calculations were performed using the 2007-08 revised appropriations and the 2008-09 budgeted appropriations presented in this advertised budget. Total Comparative Per Pupil Cost is defined as current expense exclusive of tuition expenditures, transportation, residential costs, and judgments against the school district. For all years it also includes the restricted entitlement aids. With the exception of Total Equipment Cost, each of the other per pupil cost calculations presented is a component of the total comparative per pupil cost, although all components are not shown.

 

Unusual Revenues and Appropriations
SourceAmountDescription
Fund Balance100,000 Fund Balance reduced by 723,271
Total Unusual Revenues100,000 
Tuition Special95,000 Special Education Placement 95,000
Total Unusual Appropriations95,000 

 

Shared Services
  • * We are a member of Educational Data Purchasing Group with 150 schools.
  • * We share our Director of Buildings with the municipality, which
  • includes snow removal, water pipe repairs, concrete repairs, vehicle shar
  • ing and any other specialized repair.
  • * We are a member of ACES for energy.
  • * We are in a county co-operative for busing, special education and non
  • public school services.
  • * We are a member of E-Rate.
  • * We are in a self insurance pool for Workman's Compensation with schools
  • from Morris and Essex County.
  • * We are in a self insurance pool for Property and Casualty Insurance
  • with other Morris County Schools.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy17,504,158 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)1,475,160,245 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.1866 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy18,637,342 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)1,475,160,245 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.2634 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy17,504,158 (G)
Estimated Equalized Valuation (as of 10/01/2007)1,407,254,762 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.2439 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy18,637,342 (J)
Estimated Equalized Valuation (as of 10/01/2007)1,407,254,762 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.3244 (L)