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User Friendly Budgets
2009

SOMERSET - MILLSTONE
Effective July 1, 2009, this non-operating district was eliminated.
For details, click here: http://www.state.nj.us/education/news/2009/0701nonops.htm

 

Advertised Enrollments
Enrollment Category	October 15, 2008 Actual	October 15, 2009 Actual	October 15, 2010 Estimated
Pupils Sent to Other Districts-Reg Prog	42	56	53
Pupils Sent to Other Dists-Spec Ed Prog	10	10	12

 

Advertised Revenues
Budget Category	Account	2007-08 Actual	2008-09 Revised	2009-10 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	167,665	0
Revenues from Local Sources:
Local Tax Levy	10-1210	486,855	582,797	789,560
Other Local Governmental Units - Unrestricted	10-12XX	8,747	0	0
Unrestricted Miscellaneous Revenues	10-1XXX	0	9,619	2,400
SUBTOTAL		495,602	592,416	791,960
Revenues from State Sources:
Transportation Aid	10-3120	41,815	0	0
Special Education Aid	10-3130	34,036	0	0
Consolidated Aid	10-3195	6,035	0	0
Additional Formula Aid	10-3196	4,987	0	0
Other State Aids	10-3XXX	414	0	0
Categorical Special Education Aid	10-3132	0	27,737	35,840
Equalization Aid	10-3176	0	42,956	25,786
Categorical Security Aid	10-3177	0	3,639	4,888
Categorical Transportation Aid	10-3121	0	27,879	40,808
SUBTOTAL		87,287	102,211	107,322
Actual Revenues (Over)/Under Expenditures		165,943	0	0
TOTAL OPERATING BUDGET		748,832	862,292	899,282
TOTAL REVENUES/SOURCES		748,832	862,292	899,282

 

Advertised Appropriations
Budget Category	Account	2007-08 Expenditures	2008-09 Rev. Approp.	2009-10 Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition	11-000-100-XXX	656,978	758,092	790,204
General Administration	11-000-230-XXX	4,074	8,300	7,600
Central Svcs & Admin Info Technology	11-000-25X-XXX	20,470	22,500	23,300
Student Transportation Services	11-000-270-XXX	65,675	71,700	76,428
Personal Services - Employee Benefits	11-XXX-XXX-2XX	1,635	1,700	1,750
Total Support Services Expenditures		748,832	862,292	899,282
TOTAL GENERAL CURRENT EXPENSE		748,832	862,292	899,282
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		748,832	862,292	899,282
GRANTS AND ENTITLEMENTS
Total Expenditures		748,832	862,292	899,282

 

Advertised Recapitulation of Balances
Budget Category	Audited Balance 6/30/07	Audited Balance 6/30/08	Estimated Balance 6/30/09	Estimated Balance 6/30/10
Unreserved:
General Operating Budget	179,457	181,465	22,800	22,800
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	167,951	0	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

 

Estimated Tax Rate Information
A. Estimated 09-10 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	789,560 (A)
Estimated Net Taxable Valuation (as of 10/01/2008)	62,416,755 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)x100	1.2650 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	789,560 (D)
Estimated Net Taxable Valuation (as of 10/01/2008)	62,416,755 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)x100	1.2650 (F)
B. Estimated 09-10 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	789,560 (G)
Estimated Equalized Valuation (as of 10/01/2008)	55,207,171 (H)
Estimated 09-10 Equalized General Fund School Tax Rate=(G)/(H)x100	1.4302 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	789,560 (J)
Estimated Equalized Valuation (as of 10/01/2008)	55,207,171 (K)
Estimated 09-10 Equalized Total School Tax Rate=(J)/(K)x100	1.4302 (L)