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User Friendly Budgets
2008

SOMERSET - MILLSTONE

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual		October 15, 2007
Actual		October 15, 2008
Estimated
Pupils Sent to Other Districts-Reg Prog444252
Pupils Sent to Other Dists-Spec Ed Prog81010

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual		2007-08
Revised		2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 220,443 167,665
Revenues from Local Sources:
Local Tax Levy 10-1210 468,130 486,855 582,797
Other Restricted Miscellaneous Revenues 10-1XXX 3,993 0 0
Unrestricted Miscellaneous Revenues 10-1XXX 0 2,000 9,619
SUBTOTAL  472,123 488,855 592,416
Revenues from State Sources:
Transportation Aid 10-3120 41,815 41,815 0
Special Education Aid 10-3130 34,036 34,036 0
Consolidated Aid 10-3195 6,035 6,035 0
Additional Formula Aid 10-3196 2,457 4,987 0
Other State Aids 10-3XXX 168 0 0
Categorical Special Education Aid 10-3132 0 0 27,737
Equalization Aid 10-3176 0 0 42,956
Categorical Security Aid 10-3177 0 0 3,639
Categorical Transportation Aid 10-3121 0 0 27,879
SUBTOTAL  84,511 86,873 102,211
Actual Revenues (Over)/Under Expenditures  -33,319 0 0
TOTAL OPERATING BUDGET  523,315 796,171 862,292
TOTAL REVENUES/SOURCES  523,315 796,171 862,292

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures		2007-08
Rev. Approp.		2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX446,264676,871758,092
General Administration 11-000-230-XXX3,2739,0008,300
Central Svcs & Admin Info Technology 11-000-25X-XXX20,31823,90022,500
Student Transportation Services 11-000-270-XXX51,86583,40071,700
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,5953,0001,700
Total Support Services Expenditures 523,315796,171862,292
TOTAL GENERAL CURRENT EXPENSE 523,315796,171862,292
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 523,315796,171862,292
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures 523,315796,171862,292

 

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 Budget100,000179,457167,6650
  Repayment of Debt0000
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve213,899167,95100
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Reserved for Repayment of Debt0000

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy582,797 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)62,615,156 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.9308 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy582,797 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)62,615,156 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.9308 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy582,797 (G)
Estimated Equalized Valuation (as of 10/01/2007)55,193,293 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.0559 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy582,797 (J)
Estimated Equalized Valuation (as of 10/01/2007)55,193,293 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.0559 (L)