>>SCHOOL FINANCE  >>USER FRIENDLY BUDGETS  >>ATLANTIC  >>FOLSOM BORO

User Friendly Budgets
2010

ATLANTIC - FOLSOM BORO

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2008
Actual
October 15, 2009
Actual
October 15, 2010
Estimated
Pupils on Roll Regular Full-Time364352362
spacing
Pupils on Roll - Special Full-Time504746
Private School Placements333
spacing
Pupils Sent to Other Districts-Reg Prog768486
Pupils Sent to Other Dists-Spec Ed Prog152121
Pupils Received71516
Pupils in State Facilities100

 

Advertised Revenues
Budget CategoryAccount2008-09
Actual
2009-10
Revised
2010-11
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 261,112 855,065
Transfers from Other Funds 10-5200 7,956 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 1,408,011 1,408,011 1,464,331
Tuition 10-1300 25,000 52,000 52,000
Interest Earned on Maintenance Reserve 10-1XXX 0 1,400 20
Interest Earned on Capital Reserve Funds 10-1XXX 14 55 20
Unrestricted Miscellaneous Revenues 10-1XXX 9,928 9,000 500
SUBTOTAL  1,442,953 1,470,466 1,516,871
Revenues from State Sources:
School Choice Aid 10-3116 556,698 682,807 655,356
Categorical Special Education Aid 10-3132 243,113 259,024 215,008
Equalization Aid 10-3176 3,838,022 3,248,548 3,988,068
Categorical Security Aid 10-3177 65,013 69,794 0
Categorical Transportation Aid 10-3121 177,501 253,462 0
SUBTOTAL  4,880,347 4,513,635 4,858,432
Revenues from Federal Sources:
Equalization Aid - ARRA ESF 16-4520 0 693,258 0
Equalization Aid - ARRA GSF 17-4521 0 26,837 0
SUBTOTAL  0 720,095 0
Adjustment for Prior Year Encumbrances  0 151,000 0
Actual Revenues (Over)/Under Expenditures  -855,991 0 0
TOTAL OPERATING BUDGET  5,475,265 7,116,308 7,230,368
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Early Childhood Program Aid 20-3211 67,103 0 0
Preschool Education Aid 20-3218 0 69,342 69,342
TOTAL REVENUES FROM STATE SOURCES  67,103 69,342 69,342
Revenues from Federal Sources:
Title I 20-4411-4416 79,138 77,494 62,919
I.D.E.A. Part B (Handicapped) 20-4420-4429 103,854 107,248 91,161
Other 20-4XXX 67,430 194,323 0
TOTAL REVENUES FROM FEDERAL SOURCES  250,422 379,065 154,080
TOTAL GRANTS AND ENTITLEMENTS  317,525 448,407 223,422
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 0 1
Revenues from Local Sources:
Local Tax Levy 40-1210 245,107 249,908 244,307
TOTAL REVENUES FROM LOCAL SOURCES  245,107 249,908 244,307
TOTAL LOCAL REPAYMENT OF DEBT  245,107 249,908 244,308
Actual Revenues (Over)/Under Expenditures  1 0 0
TOTAL REPAYMENT OF DEBT  245,108 249,908 244,308
TOTAL REVENUES/SOURCES  6,037,898 7,814,623 7,698,098
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL REVENUES/SOURCES NET OF TRANSFERS  6,037,898 7,814,623 7,698,098

 

Advertised Appropriations
Budget CategoryAccount2008-09
Expenditures
2009-10
Rev. Approp.
2010-11
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX1,438,9271,751,3801,585,885
Special Education 11-2XX-100-XXX273,158316,980313,204
Basic Skills/Remedial 11-230-100-XXX7,80049,11737,271
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX10,81813,00026,600
School Sponsored Athletics 11-402-100-XXX7,91310,10023,550
Support Services:
Tuition 11-000-100-XXX1,124,9881,416,1831,555,524
Health Services 11-000-213-XXX75,18381,32983,088
Speech, OT, PT, Related & Extraordinary Services 11-000-216,21778,949105,869190,450
Child Study Teams 11-000-219-XXX194,423205,887201,025
Improvement of Instructional Services 11-000-221-XXX61,61794,879104,500
Educational Media Services - School Library 11-000-222-XXX58,525110,871120,817
Instructional Staff Training Services 11-000-223-XXX4,94915,0005,000
General Administration 11-000-230-XXX128,393189,096186,085
School Administration 11-000-240-XXX117,584180,452177,722
Central Svcs & Admin Info Technology 11-000-25X-XXX156,964155,296154,725
Interest Earned on Maintenance Reserve 10-60601,40020
Operation and Maintenance of Plant Services 11-000-26X-XXX383,554491,456580,677
Student Transportation Services 11-000-270-XXX498,002647,068589,359
Personal Services - Employee Benefits 11-XXX-XXX-2XX537,078685,000833,828
Total Support Services Expenditures 3,420,2094,378,3864,782,800
TOTAL GENERAL CURRENT EXPENSE 5,158,8256,520,3636,769,330
CAPITAL EXPENDITURES
Interest Earned on Capital Reserve 10-60405520
Equipment 12-XXX-XXX-73X74,896182,02775,000
Facilities Acquisition and Construction Services 12-000-4XX-XXX241,544413,863386,018
TOTAL CAPITAL EXPENDITURES 316,440595,945461,038
OPERATING BUDGET GRAND TOTAL 5,475,2657,116,3087,230,368
SPECIAL GRANTS AND ENTITLEMENTS
Preschool Education Aid:
Instruction 20-218-100-XXX60,57562,51067,873
Support Services 20-218-200-XXX6,5286,8321,469
TOTAL PRESCHOOL EDUCATION AID 67,10369,34269,342
Other State Projects:
Total State Projects 67,10369,34269,342
Federal Projects:
Title I 20-XXX-XXX-XXX79,13877,49462,919
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX103,854107,24891,161
Other Special Projects 20-XXX-XXX-XXX67,430194,3230
Total Federal Projects 250,422379,065154,080
TOTAL GRANTS AND ENTITLEMENTS 317,525448,407223,422
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX0249,908244,308
Additional State School Building Aid-Ch.177 40-702-510-XXX245,10800
Total Additional State School Building Aid 245,10800
TOTAL REPAYMENT OF DEBT 245,108249,908244,308
Total Expenditures 6,037,8987,814,6237,698,098
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 6,037,8987,814,6237,698,098

 

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 Budget270,001250,000250,000250,000
  Repayment of Debt2110
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve5,2775,2825,3375,357
      Adult Education Programs0000
      Maintenance Reserve140,388330,388331,788331,808
      Legal Reserve538,9221,116,177855,0650
      Tuition Reserve0000
      Current Expense Emergency Reserve250,000250,000250,000250,000
  Restricted for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2007-08
Actual
2008-09
Actual
2009-10
Original
Budget
2009-10
Revised
Budget
2010-11
Proposed
Budget
Total Comparative Per Pupil Cost8,4078,85811,00011,34111,504
Total Classroom Instruction5,0445,2656,3836,5606,201
Classroom-Salaries and Benefits4,7224,8245,5665,6615,730
Classroom-General Supplies and Textbooks243357683744310
Classroom-Purchased Services and Other7985135155161
Total Support Services1,2651,3991,9051,8562,106
Support Services-Salaries and Benefits1,1631,2741,6891,6391,681
Total Administrative Costs1,0891,1651,3481,4861,486
Administration-Salaries and Benefits899949869880956
Legal Costs00535337
Total Operations and Maintenance of Plant9589731,2651,3401,562
Operations & Maintenance of Plant-Salary & Ben.456164556559616
Total Food Services Costs00000
Total Extracurricular Costs41536768145
Total Equipment Costs0184372456184
Employee Benefits as a % of Salaries23.722.524.12429

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2010 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 2009-10 revised appropriations and 2010-11 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
  • ACCASBO-JIF Contract with 21 school districts to purchase property, liabi
  • lity and workers comp insurance. Transportation Jointures with GHRHSD, Mo
  • nroe Twp, Hammonton and Buena School districts. ACES-consortium to purch
  • ase electric and gas ACT-consortium to purchase telecommunication service
  • s Pittsgrove BOE-consortium to purchase copier paper & various supplies
  • Borough of Folsom-shared service for trash pickup and salting. State Con
  • tract for copier lease and school supplies. Students attending ACIT and
  • Salem County Vocational

 

Estimated Tax Rate Information
A. Estimated 10-11 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,464,331 (A)
Estimated Net Taxable Valuation (as of 10/01/2009)105,427,312 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)x1001.3889 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,708,638 (D)
Estimated Net Taxable Valuation (as of 10/01/2009)105,427,312 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)x1001.6207 (F)
B. Estimated 10-11 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy1,464,331 (G)
Estimated Equalized Valuation (as of 10/01/2009)206,284,447 (H)
Estimated 10-11 Equalized General Fund School Tax Rate=(G)/(H)x1000.7099 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy1,708,638 (J)
Estimated Equalized Valuation (as of 10/01/2009)206,284,447 (K)
Estimated 10-11 Equalized Total School Tax Rate=(J)/(K)x1000.8283 (L)

 

Administrative Salaries
Employee Name: Jean M Rishel 
Job TitlePrincipal 
Base Annual Salary56,545 
Full Time Equivalents (FTE)0.5 
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: 
Allowances5,304 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other2,296 
  Retirement Plans
Contractual Post-Employment Benefits Amount3,958 
  Description of: 
   Buyback of Sick Days at the End of Contract20% of 42 unused sick days 
   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: Kimberly Tucker 
Job TitleCoordinator/Dir./Mgr./Supvr. 
Base Annual Salary75,000 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract10/27/2009 
  Ending Date of Contract06/30/2010 
  Contracted Number of Annual Work Days200 
  Contracted Number of Annual Vacation Days 10 
  Contracted Number of Annual Sick Days12 
  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: 
Allowances3,275 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other1,210 
  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: Orlando L Chandler 
Job TitleBusiness Administrator 
Base Annual Salary76,139 
Full Time Equivalents (FTE)1.0 
Shared with another district?
Member of Collective Bargaining Unit?
Contract Terms: 
  Beginning Date of Contract09/01/2008 
  Ending Date of Contract06/30/2010 
  Contracted Number of Annual Work Days260 
  Contracted Number of Annual Vacation Days 10 
  Contracted Number of Annual Sick Days13 
  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: 
Allowances3,750 
Bonuses
Stipends
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other448 
  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