User Friendly Budgets
2008

WARREN - HARDWICK TWP

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	1	1	0
Pupils Sent to Other Districts-Reg Prog	105	114	126
Pupils Sent to Other Dists-Spec Ed Prog	35	30	38

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	196,046	272,350
Revenues from Local Sources:
Local Tax Levy	10-1210	1,452,000	1,400,000	1,325,000
Unrestricted Miscellaneous Revenues	10-1XXX	25,196	19,948	15,000
SUBTOTAL		1,477,196	1,419,948	1,340,000
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	221,691	221,691	0
Transportation Aid	10-3120	79,345	79,345	0
Special Education Aid	10-3130	113,308	113,308	0
Extraordinary Aid	10-3131	3,507	0	22
Consolidated Aid	10-3195	17,004	17,004	0
Additional Formula Aid	10-3196	9,320	22,540	0
Other State Aids	10-3XXX	2,673	10,166	1,609
Categorical Special Education Aid	10-3132	0	0	71,231
Equalization Aid	10-3176	0	0	315,356
Categorical Security Aid	10-3177	0	0	9,344
Categorical Transportation Aid	10-3121	0	0	91,147
SUBTOTAL		446,848	464,054	488,709
Revenues from Federal Sources:
IMPACT Aid	10-4100	141,891	0	0
SUBTOTAL		141,891	0	0
Adjustment for Prior Year Encumbrances		0	98	0
Actual Revenues (Over)/Under Expenditures		-199,861	0	0
TOTAL OPERATING BUDGET		1,866,074	2,080,146	2,101,059
GRANTS AND ENTITLEMENTS
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped)	20-4420-4429	34,363	25,000	25,000
TOTAL REVENUES FROM FEDERAL SOURCES		34,363	25,000	25,000
TOTAL GRANTS AND ENTITLEMENTS		34,363	25,000	25,000
TOTAL REVENUES/SOURCES		1,900,437	2,105,146	2,126,059

 

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	1,570,465	1,587,226	1,652,592
Students - Related & Extraordinary	11-000-216,217	62,512	92,200	93,000
Child Study Teams	11-000-219-XXX	0	3,000	3,000
General Administration	11-000-230-XXX	14,893	18,405	18,758
Central Svcs & Admin Info Technology	11-000-25X-XXX	14,835	21,245	21,700
Operation and Maintenance of Plant Services	11-000-26X-XXX	3,887	7,225	7,225
Student Transportation Services	11-000-270-XXX	198,713	268,491	210,176
Personal Services - Employee Benefits	11-XXX-XXX-2XX	769	1,050	1,075
Total Support Services Expenditures		1,866,074	1,998,842	2,007,526
TOTAL GENERAL CURRENT EXPENSE		1,866,074	1,998,842	2,007,526
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools	10-000-100-56X	0	81,304	93,533
OPERATING BUDGET GRAND TOTAL		1,866,074	2,080,146	2,101,059
GRANTS AND ENTITLEMENTS
Federal Projects:
I.D.E.A. Part B (Handicapped)	20-XXX-XXX-XXX	34,363	25,000	25,000
Total Federal Projects		34,363	25,000	25,000
TOTAL GRANTS AND ENTITLEMENTS		34,363	25,000	25,000
REPAYMENT OF DEBT
Total Expenditures		1,900,437	2,105,146	2,126,059

 

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	234,087	341,458	394,212	224,509
Repayment of Debt	0	0	0	0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve	2	2	2	2
Adult Education Programs	0	0	0	0
Maintenance Reserve	0	0	0	0
Legal Reserve	119,055	211,447	102,647	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 Hardwick Board of Education utilizes the Child Study Team services of the Blairstown Elementary School as well as coordinates transportation for their Ridge and Valley Charter School students through Blairstown. Additionally, the Hardwick Board of Education uses the services of the Sussex County Cooperative for transportation of its special eduction students.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,325,000 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	154,155,426 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	0.8595 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,325,000 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	154,155,426 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	0.8595 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,325,000 (G)
Estimated Equalized Valuation (as of 10/01/2007)	251,027,594 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	0.5278 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,325,000 (J)
Estimated Equalized Valuation (as of 10/01/2007)	251,027,594 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	0.5278 (L)