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User Friendly Budgets
2008

PASSAIC - PROSPECT PARK BORO

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time721733776
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Pupils on Roll - Special Full-Time101105117
Private School Placements558
spacing
Pupils Sent to Other Dists-Spec Ed Prog138

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 585,851 584,749
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 250,000 0
Revenues from Local Sources:
Local Tax Levy 10-1210 2,389,174 2,389,174 2,389,174
Interest Earned on Capital Reserve Funds 10-1XXX 269 200 200
Other Restricted Miscellaneous Revenues 10-1XXX 73,927 0 0
Unrestricted Miscellaneous Revenues 10-1XXX 0 30,000 30,000
SUBTOTAL  2,463,370 2,419,374 2,419,374
Revenues from State Sources:
Core Curriculum Standards Aid 10-3111 3,671,951 3,799,966 0
Supplemental Core Curriculum Standards Aid 10-3112 51,542 51,542 0
Transportation Aid 10-3120 81,611 81,611 0
Special Education Aid 10-3130 408,215 408,215 0
Bilingual Education 10-3140 80,394 80,394 0
Extraordinary Aid 10-3131 18,800 0 0
Consolidated Aid 10-3195 84,594 84,594 0
Additional Formula Aid 10-3196 161,094 327,021 0
Other State Aids 10-3XXX 78,840 226,149 0
Categorical Special Education Aid 10-3132 0 0 438,604
Equalization Aid 10-3176 0 0 6,514,639
Categorical Security Aid 10-3177 0 0 290,276
Categorical Transportation Aid 10-3121 0 0 28,455
SUBTOTAL  4,637,041 5,059,492 7,271,974
Adjustment for Prior Year Encumbrances  0 91,460 0
Actual Revenues (Over)/Under Expenditures  -504,081 0 0
TOTAL OPERATING BUDGET  6,596,330 8,406,177 10,276,097
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Early Childhood Program Aid - Pr Year Carryover 20-3211 0 10,176 62,699
Early Childhood Program Aid 20-3211 576,482 636,107 0
Demonstrably Effective Program Aid 20-3212 351,059 355,392 0
Preschool Education Aid 20-3218 0 0 253,589
Other Restricted Entitlements 20-32XX 87,487 116,257 119,522
TOTAL REVENUES FROM STATE SOURCES  1,015,028 1,117,932 435,810
Revenues from Federal Sources:
Title I 20-4411-4416 479,340 489,296 354,325
I.D.E.A. Part B (Handicapped) 20-4420-4429 197,424 209,286 236,136
Other 20-4XXX 77,422 78,085 57,084
TOTAL REVENUES FROM FEDERAL SOURCES  754,186 776,667 647,545
TOTAL GRANTS AND ENTITLEMENTS  1,769,214 1,894,599 1,083,355
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 1 1
Revenues from Local Sources:
Local Tax Levy 40-1210 197,079 196,659 196,028
TOTAL REVENUES FROM LOCAL SOURCES  197,079 196,659 196,028
TOTAL LOCAL REPAYMENT OF DEBT  197,079 196,660 196,029
TOTAL REPAYMENT OF DEBT  197,079 196,660 196,029
TOTAL REVENUES/SOURCES  8,562,623 10,497,436 11,555,481

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX2,397,1042,531,0963,429,698
Special Education 11-2XX-100-XXX669,681723,9021,006,261
Basic Skills/Remedial 11-230-100-XXX0147,100143,688
Bilingual Education 11-240-100-XXX152,038145,300126,074
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX3,0006,00012,000
School Sponsored Athletics 11-402-100-XXX05000
Community Services Programs/Operations 11-800-330-XXX0030,030
Support Services:
Tuition 11-000-100-XXX331,323531,441877,271
Health Services 11-000-213-XXX30,99126,51059,500
Students - Related & Extraordinary 11-000-216,217228,229249,752280,573
Guidance 11-000-218-XXX82,563179,140175,763
Child Study Teams 11-000-219-XXX132,343150,676163,035
Educational Media Services - School Library 11-000-222-XXX35,31456,74384,602
Instructional Staff Training Services 11-000-223-XXX1902,0002,000
General Administration 11-000-230-XXX227,943371,404370,013
School Administration 11-000-240-XXX267,739308,289321,013
Central Svcs & Admin Info Technology 11-000-25X-XXX239,300272,481293,926
Operation and Maintenance of Plant Services 11-000-26X-XXX591,478756,042972,950
Student Transportation Services 11-000-270-XXX149,625308,520401,000
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,044,6511,380,8411,516,612
Total Support Services Expenditures 3,361,6894,593,8395,518,258
TOTAL GENERAL CURRENT EXPENSE 6,583,5128,147,73710,266,009
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040250,0000
Interest Earned on Capital Reserve 10-6040200200
Equipment 12-XXX-XXX-73X12,81800
TOTAL CAPITAL EXPENDITURES 12,818250,200200
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X08,2409,888
OPERATING BUDGET GRAND TOTAL 6,596,3308,406,17710,276,097
GRANTS AND ENTITLEMENTS
Early Childhood Program Aid:
Instruction 20-211-100-XXX361,336481,298217,217
Support Services 20-211-200-XXX215,146164,98599,071
TOTAL EARLY CHILDHOOD PROGRAM AID 576,482646,283316,288
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX200,467301,4000
Support Services 20-212-200-XXX150,59253,9920
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 351,059355,3920
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX19,15319,36619,530
Nonpublic Auxiliary Services 20-XXX-XXX-XXX24,78437,00737,007
Nonpublic Handicapped Services 20-XXX-XXX-XXX3,90520,23920,239
Nonpublic Nursing Services 20-XXX-XXX-XXX25,76525,76528,866
Nonpublic Technology Initiative 20-XXX-XXX-XXX13,88013,88013,880
Total State Projects 1,015,0281,117,932435,810
Federal Projects:
Title I 20-XXX-XXX-XXX479,340489,296354,325
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX197,424209,286236,136
Other Special Projects 20-XXX-XXX-XXX77,42278,08557,084
Total Federal Projects 754,186776,667647,545
TOTAL GRANTS AND ENTITLEMENTS 1,769,2141,894,5991,083,355
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX0196,660196,029
Additional State School Building Aid-Ch.177 40-702-510-XXX197,07900
Total Additional State School Building Aid 197,07900
TOTAL REPAYMENT OF DEBT 197,079196,660196,029
Total Expenditures 8,562,62310,497,43611,555,481

 

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 Budget397,403523,269250,000250,000
  Repayment of Debt1110
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve19,82120,090270,290270,490
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve865,7601,170,600584,7490
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  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 Cost7,7388,5529,6669,92810,431
Total Classroom Instruction5,1036,0246,3416,4966,772
Classroom-Salaries and Benefits4,9535,8436,0816,0826,326
Classroom-General Supplies and Textbooks145177250403432
Classroom-Purchased Services and Other55101014
Total Support Services1,0178751,1141,0771,119
Support Services-Salaries and Benefits888759948896903
Total Administrative Costs9839201,2301,3581,303
Administration-Salaries and Benefits8277569861,0131,003
Total Operations and Maintenance of Plant6307309719881,179
Operations & Maintenance of Plant-Salary & Ben.321305392389445
Total Food Services Costs00000
Total Extracurricular Costs44101017
Total Equipment Costs1816000
Employee Benefits as a % of Salaries23.524.128.627.824.7

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.

 

Shared Services
  • Various community groups use the school facilities, including Girl Scouts
  • , Boy Scouts, Adult Volleyball and Basketball, and the Board of
  • Board of Recreation's Drop-In Program. Since the Borough does not have a
  • library, the school library/media center is open one evening a week for
  • parents and children. In addition, the school district contracts with
  • the Passaic County Educational Services Commission for various services
  • such as special education transportation, the substitute registry, and
  • nonpublic nursing services. Moreover, the Borough's Department of Public
  • Works provides snow plowing for the school's parking lot; there is also
  • an agreement for garbage removal and recycling. Furthermore, an
  • inter-local agreement exists with North Jersey Shared Technology Services
  • at Passaic County Manchester Regional High School for technology services
  • . In the same manner, transportation services are also combined with
  • Manchester for the district's Gifted and Talented Student events
  • throughout the year.
  • Lastly, we participate in ACES for the purchase of gas a commodity and E-
  • Rate program for telecommunication rebates.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy2,389,174 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)181,097,450 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.3193 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy2,585,202 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)181,097,450 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.4275 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy2,389,174 (G)
Estimated Equalized Valuation (as of 10/01/2007)434,389,606 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.5500 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy2,585,202 (J)
Estimated Equalized Valuation (as of 10/01/2007)434,389,606 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.5951 (L)