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User Friendly Budgets
2008

SOMERSET - SOUTH BOUND BROOK

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time415402416
spacing
Pupils on Roll - Special Full-Time625349
Private School Placements6810
spacing
Pupils Sent to Other Districts-Reg Prog110105103
Pupils Sent to Other Dists-Spec Ed Prog272216

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 362,641 64,937
Withdrawal from Cap Res-for Local Share 10-307 0 0 75,000
Revenues from Local Sources:
Local Tax Levy 10-1210 4,788,682 5,067,874 5,045,171
Interest Earned on Capital Reserve Funds 10-1XXX 7,808 1,500 1,000
Unrestricted Miscellaneous Revenues 10-1XXX 53,790 36,000 31,000
SUBTOTAL  4,850,280 5,105,374 5,077,171
Revenues from State Sources:
Core Curriculum Standards Aid 10-3111 1,828,727 1,828,727 0
Supplemental Core Curriculum Standards Aid 10-3112 276,937 276,937 0
Transportation Aid 10-3120 75,396 75,396 0
Special Education Aid 10-3130 516,146 516,146 0
Bilingual Education 10-3140 47,816 47,816 0
Extraordinary Aid 10-3131 30,963 0 69,618
Consolidated Aid 10-3195 70,769 70,769 0
Additional Formula Aid 10-3196 86,800 176,204 0
Categorical Special Education Aid 10-3132 0 0 311,905
Equalization Aid 10-3176 0 0 2,957,875
Categorical Security Aid 10-3177 0 0 87,259
Categorical Transportation Aid 10-3121 0 0 60,824
SUBTOTAL  2,933,554 2,991,995 3,487,481
Adjustment for Prior Year Encumbrances  0 257,143 0
Actual Revenues (Over)/Under Expenditures  -149,459 0 0
TOTAL OPERATING BUDGET  7,634,375 8,717,153 8,704,589
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 16,958 0 0
Revenues from State Sources:
Demonstrably Effective Program Aid 20-3212 53,868 53,868 0
Instructional Supplement Aid 20-3214 23,688 23,688 0
Other Restricted Entitlements 20-32XX 7,186 81,000 0
TOTAL REVENUES FROM STATE SOURCES  84,742 158,556 0
Revenues from Federal Sources:
Title I 20-4411-4416 93,261 64,207 51,365
I.D.E.A. Part B (Handicapped) 20-4420-4429 137,779 130,950 105,000
Other 20-4XXX 37,430 5,000 0
TOTAL REVENUES FROM FEDERAL SOURCES  268,470 200,157 156,365
TOTAL GRANTS AND ENTITLEMENTS  370,170 358,713 156,365
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 15,748 0
Revenues from Local Sources:
Local Tax Levy 40-1210 348,963 356,072 373,820
TOTAL REVENUES FROM LOCAL SOURCES  348,963 356,072 373,820
TOTAL LOCAL REPAYMENT OF DEBT  348,963 371,820 373,820
Actual Revenues (Over)/Under Expenditures  20,457 0 0
TOTAL REPAYMENT OF DEBT  369,420 371,820 373,820
TOTAL REVENUES/SOURCES  8,373,965 9,447,686 9,234,774

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX1,849,2472,019,3922,061,458
Special Education 11-2XX-100-XXX342,355438,693492,697
Basic Skills/Remedial 11-230-100-XXX124,24898,21484,023
Bilingual Education 11-240-100-XXX44,71263,78050,400
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX29,95625,58927,072
School Sponsored Athletics 11-402-100-XXX19,70717,56421,260
Support Services:
Tuition 11-000-100-XXX2,064,8482,544,6002,060,036
Health Services 11-000-213-XXX126,330165,668171,243
Students - Related & Extraordinary 11-000-216,21782,73986,009101,031
Guidance 11-000-218-XXX85,31055,619112,408
Child Study Teams 11-000-219-XXX242,626326,463296,662
Improvement of Instructional Services 11-000-221-XXX205,710249,775364,780
Educational Media Services - School Library 11-000-222-XXX61,62259,70787,037
Instructional Staff Training Services 11-000-223-XXX6,3466,50012,300
General Administration 11-000-230-XXX300,527305,624298,664
School Administration 11-000-240-XXX182,147197,140158,060
Central Svcs & Admin Info Technology 11-000-25X-XXX159,822177,284185,342
Operation and Maintenance of Plant Services 11-000-26X-XXX523,016623,353624,477
Student Transportation Services 11-000-270-XXX264,615279,090352,980
Personal Services - Employee Benefits 11-XXX-XXX-2XX870,913905,8451,007,052
Total Support Services Expenditures 5,176,5715,982,6775,832,072
TOTAL GENERAL CURRENT EXPENSE 7,586,7968,645,9098,568,982
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040035,000
Interest Earned on Capital Reserve 10-60401,5001,000
Equipment 12-XXX-XXX-73X23,86018,6290
Facilities Acquisition and Construction Services 12-000-4XX-XXX11,30036,19075,000
TOTAL CAPITAL EXPENDITURES 35,16056,319111,000
SPECIAL SCHOOLS
Summer School:
Instruction 13-422-100-XXX12,41914,92524,607
Total Summer School 12,41914,92524,607
TOTAL SPECIAL SCHOOLS 12,41914,92524,607
OPERATING BUDGET GRAND TOTAL 7,634,3758,717,1538,704,589
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX16,95800
Demonstrably Effective Program Aid:
Instruction 20-212-100-XXX25,58225,5820
Support Services 20-212-200-XXX28,28628,2860
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 53,86853,8680
Instructional Supplement Aid:
Instruction 20-214-100-XXX21,08221,0820
Support Services 20-214-200-XXX2,6062,6060
TOTAL INSTRUCTIONAL SUPPLEMENT AID 23,68823,6880
Other State Projects:
Instruction 20-217-100-XXX062,1350
Support Services 20-217-200-XXX018,8650
TOTAL TARA USED TO SUPPORT PROGRAMS 081,0000
Other Special Projects 20-XXX-XXX-XXX7,18600
Total State Projects 84,742158,5560
Federal Projects:
Title I 20-XXX-XXX-XXX93,26164,20751,365
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX137,779130,950105,000
Other Special Projects 20-XXX-XXX-XXX37,4305,0000
Total Federal Projects 268,470200,157156,365
TOTAL GRANTS AND ENTITLEMENTS 370,170358,713156,365
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX0371,820373,820
Additional State School Building Aid-Ch.177 40-702-510-XXX369,42000
Total Additional State School Building Aid 369,42000
TOTAL REPAYMENT OF DEBT 369,420371,820373,820
Total Expenditures 8,373,9659,447,6869,234,774

 

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 Budget174,530280,963250,000250,000
  Repayment of Debt36,20515,74800
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve134,979142,787144,287105,287
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve538,302427,57864,9370
      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 Cost11,05511,33011,43113,14513,239
Total Classroom Instruction6,3706,3266,3027,2907,093
Classroom-Salaries and Benefits6,0546,1055,9206,8216,671
Classroom-General Supplies and Textbooks265135238283322
Classroom-Purchased Services and Other5285145186100
Total Support Services1,8632,1222,2782,5832,997
Support Services-Salaries and Benefits1,6801,7972,0842,3832,713
Total Administrative Costs1,4621,6341,5931,7781,662
Administration-Salaries and Benefits1,2341,3561,3831,4971,430
Total Operations and Maintenance of Plant1,2481,1131,1471,3721,351
Operations & Maintenance of Plant-Salary & Ben.511391040
Total Food Services Costs00000
Total Extracurricular Costs112129106115127
Total Equipment Costs18510410
Employee Benefits as a % of Salaries21.324.824.123.424.5

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
  • The South Bound Brook Board of Education shares with the Boro of South
  • Bound Brook the use of the fields at Memorial Park, in addition to the
  • use and maintenance of the parking lot on Elizabeth Street. They also do
  • all trash removal for the district, as well as taking care of our lawn,
  • including both mowing and landscaping. The borough's pick-up truck has
  • also been borrowed to enable the district to make use of free furniture
  • donations from various Somerset County businesses.
  • In return, the borough's recreational basketball program is held at the
  • school, as well as the weekly Teen Night. The borough's voting is
  • held at the school. Additionally, the school hosts the community's
  • weekly walking program. The district also runs a weekly Computer Class
  • for the town's senior citizens.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,045,171 (A)
Estimated Net Taxable Valuation (as of 01/01/2008)166,098,176 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1003.0375 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,418,991 (D)
Estimated Net Taxable Valuation (as of 01/01/2008)166,098,176 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1003.2625 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy5,045,171 (G)
Estimated Equalized Valuation (as of 01/01/2008)365,819,759 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.3791 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy5,418,991 (J)
Estimated Equalized Valuation (as of 01/01/2008)365,819,759 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.4813 (L)