User Friendly Budgets
2008

ATLANTIC - CORBIN CITY

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	0	0	1
Pupils Sent to Other Districts-Reg Prog	63	70	85
Pupils Sent to Other Dists-Spec Ed Prog	32	28	10

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	31,243	54,215
Withdrawal from Tuition Reserve-for Tuition adj.	10-311	0	0	103,105
Revenues from Local Sources:
Local Tax Levy	10-1210	763,006	759,100	786,464
Unrestricted Miscellaneous Revenues	10-1XXX	95,382	98,700	3,500
SUBTOTAL		858,388	857,800	789,964
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	418,411	418,411	0
Transportation Aid	10-3120	99,415	99,415	0
Special Education Aid	10-3130	159,276	159,276	0
Consolidated Aid	10-3195	14,483	14,483	0
Additional Formula Aid	10-3196	20,748	42,118	0
Other State Aids	10-3XXX	0	4,288	0
Categorical Special Education Aid	10-3132	0	0	46,908
Equalization Aid	10-3176	0	0	564,972
Categorical Security Aid	10-3177	0	0	11,610
Adjustment Aid	10-3178	0	0	34,720
Categorical Transportation Aid	10-3121	0	0	94,540
SUBTOTAL		712,333	737,991	752,750
Adjustment for Prior Year Encumbrances		0	27,795	0
Actual Revenues (Over)/Under Expenditures		-22,629	0	0
TOTAL OPERATING BUDGET		1,548,092	1,654,829	1,700,034
TOTAL REVENUES/SOURCES		1,548,092	1,654,829	1,700,034

 

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	1,425,008	1,472,415	1,530,957
Students - Related & Extraordinary	11-000-216,217	1,300	20,544	4,000
Child Study Teams	11-000-219-XXX	560	600	600
General Administration	11-000-230-XXX	16,273	20,990	23,917
Central Svcs & Admin Info Technology	11-000-25X-XXX	20,402	20,885	20,885
Operation and Maintenance of Plant Services	11-000-26X-XXX	5,817	6,500	6,500
Student Transportation Services	11-000-270-XXX	74,811	111,270	111,300
Personal Services - Employee Benefits	11-XXX-XXX-2XX	1,358	1,625	1,875
Total Support Services Expenditures		1,545,529	1,654,829	1,700,034
TOTAL GENERAL CURRENT EXPENSE		1,545,529	1,654,829	1,700,034
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools	10-000-100-56X	2,563	0	0
OPERATING BUDGET GRAND TOTAL		1,548,092	1,654,829	1,700,034
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures		1,548,092	1,654,829	1,700,034

 

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	235,807	108,868	152,184	97,969
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	31,243	31,243	0	0
Tuition Reserve	103,105	224,878	224,878	121,773
Current Expense Emergency Reserve	0	0	0	0
Reserved for Repayment of Debt	0	0	0	0

 

Shared Services

Shared Services Agreement with the Ocean City Board of Education for Business Administrator/Board Secretary services for the 2008-09 school year Joint Transportation Agreement with the Upper Township Board of Education for transportation of all resident students for the 2008-09 school year Participating member of the Cape May & Atlantic Counties Insurance Pool (CAIP), a sub-fund of NJSBA Insurance Group

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	786,464 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	29,499,474 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	2.6660 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	786,464 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	29,499,474 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	2.6660 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	786,464 (G)
Estimated Equalized Valuation (as of 10/01/2007)	67,423,724 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	1.1664 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	786,464 (J)
Estimated Equalized Valuation (as of 10/01/2007)	67,423,724 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	1.1664 (L)