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User Friendly Budgets
2010

ATLANTIC - CORBIN CITY

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2008
Actual
October 15, 2009
Actual
October 15, 2010
Estimated
Private School Placements100
spacing
Pupils Sent to Other Districts-Reg Prog685974
Pupils Sent to Other Dists-Spec Ed Prog20178
Pupils in State Facilities200

 

Advertised Revenues
Budget CategoryAccount2008-09
Actual
2009-10
Revised
2010-11
Anticipated
OPERATING BUDGET
Withdrawal from Tuition Reserve-for Tuition adj. 10-311 103,105 1,521 0
Withdrawal from Tuition Reserve-Excess over adj. 10-311 0 120,252 0
Revenues from Local Sources:
Local Tax Levy 10-1210 786,464 786,464 786,464
Interest Earned on Current Expense Emergency Res 10-1XXX 0 0 500
Unrestricted Miscellaneous Revenues 10-1XXX 5,176 3,500 3,000
SUBTOTAL  791,640 789,964 789,964
Revenues from State Sources:
Extraordinary Aid 10-3131 16,451 0 0
Categorical Special Education Aid 10-3132 46,908 46,128 39,031
Equalization Aid 10-3176 564,718 489,238 417,066
Categorical Security Aid 10-3177 11,610 14,062 9,587
Adjustment Aid 10-3178 18,269 0 128,125
Categorical Transportation Aid 10-3121 94,540 94,874 75,817
SUBTOTAL  752,496 644,302 669,626
Revenues from Federal Sources:
Equalization Aid - ARRA ESF 16-4520 0 104,406 0
Equalization Aid - ARRA GSF 17-4521 0 4,042 0
SUBTOTAL  0 108,448 0
Actual Revenues (Over)/Under Expenditures  -15,225 0 0
TOTAL OPERATING BUDGET  1,632,016 1,664,487 1,459,590
TOTAL REVENUES/SOURCES  1,632,016 1,664,487 1,459,590
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL REVENUES/SOURCES NET OF TRANSFERS  1,632,016 1,664,487 1,459,590

 

Advertised Appropriations
Budget CategoryAccount2008-09
Expenditures
2009-10
Rev. Approp.
2010-11
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX1,489,0271,430,5411,233,427
Speech, OT, PT, Related & Extraordinary Services 11-000-216,2171,6004,0004,000
Child Study Teams 11-000-219-XXX0600600
General Administration 11-000-230-XXX19,72032,00024,200
Central Svcs & Admin Info Technology 11-000-25X-XXX20,57720,88520,885
Operation and Maintenance of Plant Services 11-000-26X-XXX6,04824,10871,500
Student Transportation Services 11-000-270-XXX93,671110,011102,328
Deposit to Current Expense Emergency Reserve 10-607040,4670
Interest Earned on Current Expense Emergency Res 10-60700500
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,3731,8752,150
Total Support Services Expenditures 1,632,0161,624,0201,459,090
TOTAL GENERAL CURRENT EXPENSE 1,632,0161,664,4871,459,590
CAPITAL EXPENDITURES
OPERATING BUDGET GRAND TOTAL 1,632,0161,664,4871,459,590
SPECIAL GRANTS AND ENTITLEMENTS
Total Expenditures 1,632,0161,664,4871,459,590
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 1,632,0161,664,4871,459,590

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/08
Audited
Balance
6/30/09
Estimated
Balance
6/30/10
Estimated
Balance
6/30/11
Unassigned:
  General Operating Budget170,863136,088250,000250,000
  Repayment of Debt0000
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve0000
      Tuition Reserve224,878121,77300
      Current Expense Emergency Reserve050,00090,46790,967
  Restricted for Repayment of Debt0000

 

Unusual Revenues and Appropriations
SourceAmountDescription
Repairs/Maint. of Schools50,000 2 school buildings owned by Corbin BOE
Electricity (buildings)7,500 2 sch buildings/heat/lights/alarms
Upkeep of grounds5,000 2 sch buildings/grounds maintenance
Security (buildings)1,000 2 sch buildings/alarm systems
Total Unusual Appropriations63,500 

 

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

 

Estimated Tax Rate Information
A. Estimated 10-11 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy786,464 (A)
Estimated Net Taxable Valuation (as of 01/11/2010)32,726,900 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)x1002.4031 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy786,464 (D)
Estimated Net Taxable Valuation (as of 01/11/2010)32,726,900 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)x1002.4031 (F)
B. Estimated 10-11 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy786,464 (G)
Estimated Equalized Valuation (as of 10/01/2009)55,444,826 (H)
Estimated 10-11 Equalized General Fund School Tax Rate=(G)/(H)x1001.4185 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy786,464 (J)
Estimated Equalized Valuation (as of 10/01/2009)55,444,826 (K)
Estimated 10-11 Equalized Total School Tax Rate=(J)/(K)x1001.4185 (L)

 

Administrative Salaries
Employee Name: N/A Nonoperating District 
Job TitleAssistant Superintendent 
Base Annual Salary
Full Time Equivalents (FTE)0.0 
Shared with another district? 
Member of Collective Bargaining Unit? 
Contract Terms: 
  Beginning Date of Contract 
  Ending Date of Contract 
  Contracted Number of Annual Work Days
  Contracted Number of Annual Vacation Days
  Contracted Number of Annual Sick Days
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of Contract 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional Comments 
Employee Name: Shared Services Agreement 
Job TitleBusiness Administrator 
Base Annual Salary
Full Time Equivalents (FTE)0.0 
Shared with another district? 
Member of Collective Bargaining Unit? 
Contract Terms: 
  Beginning Date of Contract 
  Ending Date of Contract 
  Contracted Number of Annual Work Days
  Contracted Number of Annual Vacation Days
  Contracted Number of Annual Sick Days
  Contracted Number of Annual Personal Days
  Contracted Number of Annual Consulting Days
  Number of Other Contracted Non-working Days
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other
  Retirement Plans
Contractual Post-Employment Benefits Amount
  Description of: 
   Buyback of Sick Days at the End of Contract 
   Buyback of Vacation Days at the End of Contract 
   Buyback of Personal Days at the End of Contract 
   Other Contractual Post-Employment Benefits 
Other/In-Kind Remuneration
  Description of: 
   Annual Option to Buy Back Sick Time in Cash 
   Annual Option to Buy Back Vacation Time in Cash 
   Annual Option to Buy Back Personal Time in Cash 
   All Other In-Kind or Other Remuneration 
Additional CommentsContract for bus. admin. serv. $20,385 includes all business office operation