User Friendly Budgets
2008

GLOUCESTER - NEWFIELD BORO

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	2	0	0
Pupils Sent to Other Districts-Reg Prog	182	185	188
Pupils Sent to Other Dists-Spec Ed Prog	51	49	44

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	0	125,098
Withdrawal from Tuition Reserve-Excess over adj.	10-311	0	15,000	20,000
Revenues from Local Sources:
Local Tax Levy	10-1210	1,571,475	1,609,315	1,673,688
Interest Earned on Capital Reserve Funds	10-1XXX	899	15	15
Unrestricted Miscellaneous Revenues	10-1XXX	54,381	57,832	53,000
SUBTOTAL		1,626,755	1,667,162	1,726,703
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	715,740	715,740	0
Supplemental Core Curriculum Standards Aid	10-3112	13,371	13,371	0
Transportation Aid	10-3120	122,615	122,615	0
Special Education Aid	10-3130	192,546	192,546	0
Extraordinary Aid	10-3131	14,131	0	36,168
Consolidated Aid	10-3195	25,126	25,126	0
Additional Formula Aid	10-3196	32,082	65,126	0
Other State Aids	10-3XXX	1,044	25,298	0
Categorical Special Education Aid	10-3132	0	0	112,780
Equalization Aid	10-3176	0	0	1,097,428
Categorical Security Aid	10-3177	0	0	33,545
Categorical Transportation Aid	10-3121	0	0	136,317
SUBTOTAL		1,116,655	1,159,822	1,416,238
Adjustment for Prior Year Encumbrances		0	72,028	0
Actual Revenues (Over)/Under Expenditures		-103,027	0	0
TOTAL OPERATING BUDGET		2,640,383	2,914,012	3,288,039
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements	20-32XX	129,101	175,041	148,785
TOTAL REVENUES FROM STATE SOURCES		129,101	175,041	148,785
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped)	20-4420-4429	43,250	46,171	39,245
TOTAL REVENUES FROM FEDERAL SOURCES		43,250	46,171	39,245
TOTAL GRANTS AND ENTITLEMENTS		172,351	221,212	188,030
TOTAL REVENUES/SOURCES		2,812,734	3,135,224	3,476,069

 

Advertised Appropriations
Budget Category	Account	2006-07 Expenditures	2007-08 Rev. Approp.	2008-09 Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Special Education	11-2XX-100-XXX	568	3,500	3,500
Support Services:
Tuition	11-000-100-XXX	2,307,126	2,268,725	2,853,471
Students - Related & Extraordinary	11-000-216,217	81,473	36,522	34,500
General Administration	11-000-230-XXX	23,575	175,370	98,092
Central Svcs & Admin Info Technology	11-000-25X-XXX	39,641	40,336	41,020
Operation and Maintenance of Plant Services	11-000-26X-XXX	14,711	33,129	33,907
Student Transportation Services	11-000-270-XXX	140,389	236,258	221,897
Deposit to Current Expense Emergency Reserve	10-607	0	49,520	0
Personal Services - Employee Benefits	11-XXX-XXX-2XX	500	1,637	1,637
Total Support Services Expenditures		2,607,415	2,791,977	3,284,524
TOTAL GENERAL CURRENT EXPENSE		2,607,983	2,844,997	3,288,024
CAPITAL EXPENDITURES
Deposit to Capital Reserve	10-604	0	35,000	0
Interest Earned on Capital Reserve	10-604	0	15	15
Facilities Acquisition and Construction Services	12-000-4XX-XXX	32,400	34,000	0
TOTAL CAPITAL EXPENDITURES		32,400	69,015	15
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		2,640,383	2,914,012	3,288,039
GRANTS AND ENTITLEMENTS
Other State Projects:
Nonpublic Textbooks	20-XXX-XXX-XXX	6,063	5,365	4,560
Nonpublic Auxiliary Services	20-XXX-XXX-XXX	82,596	109,440	93,024
Nonpublic Handicapped Services	20-XXX-XXX-XXX	28,933	48,985	41,637
Nonpublic Nursing Services	20-XXX-XXX-XXX	7,128	7,411	6,299
Nonpublic Technology Initiative	20-XXX-XXX-XXX	4,381	3,840	3,265
Total State Projects		129,101	175,041	148,785
Federal Projects:
I.D.E.A. Part B (Handicapped)	20-XXX-XXX-XXX	43,250	46,171	39,245
Total Federal Projects		43,250	46,171	39,245
TOTAL GRANTS AND ENTITLEMENTS		172,351	221,212	188,030
REPAYMENT OF DEBT
Total Expenditures		2,812,734	3,135,224	3,476,069

 

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	266,346	238,393	238,393	113,295
Repayment of Debt	0	0	0	0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve	19,980	56,479	91,494	91,509
Adult Education Programs	0	0	0	0
Maintenance Reserve	0	0	0	0
Legal Reserve	4,832	0	0	0
Tuition Reserve	35,000	135,000	120,000	100,000
Current Expense Emergency Reserve	0	0	49,520	49,520
Reserved for Repayment of Debt	0	0	0	0

 

Shared Services

The Newfield Board of Education participates in shared services in the ar ea of business office services. The district has a contract with Salem Co unty Special Services School District in which the Business Administrator and clerk are employed by SCSSSD but are contracted to work for Newfield. Newfield also uses Gloucester County Special Serivces School District as its special education transportation provider through a cooperative agree ment. The district also participates in transportation jointures with Bue na Regional School District and Delsea Regional School District.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,673,688 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	62,514,808 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	2.6773 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,673,688 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	62,514,808 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	2.6773 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,673,688 (G)
Estimated Equalized Valuation (as of 10/01/2007)	130,136,128 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	1.2861 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,673,688 (J)
Estimated Equalized Valuation (as of 10/01/2007)	130,136,128 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	1.2861 (L)