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User Friendly Budgets
2011-2012

ATLANTIC - CORBIN CITY

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2009
Actual		October 15, 2010
Actual		October 15, 2011
Estimated
Pupils Sent to Other Districts-Reg Prog595565
Pupils Sent to Other Dists-Spec Ed Prog17126

 

Advertised Revenues
Budget CategoryAccount2009-10
Actual		2010-11
Revised		2011-12
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 0 6,590
Withdrawal from Tuition Reserve-Excess over adj. 10-311 0 0 30,000
Revenues from Local Sources:
Local Tax Levy 10-1210 786,464 786,464 510,842
Interest Earned on Current Expense Emergency Res 10-1XXX 0 500 500
Unrestricted Miscellaneous Revenues 10-1XXX 13,305 3,000 3,000
SUBTOTAL  799,769 789,964 514,342
Revenues from State Sources:
Extraordinary Aid 10-3131 12,662 0 0
Categorical Special Education Aid 10-3132 46,128 39,031 39,031
Equalization Aid 10-3176 489,238 417,066 417,066
Categorical Security Aid 10-3177 14,062 9,587 9,587
Adjustment Aid 10-3178 0 128,125 144,770
Categorical Transportation Aid 10-3121 82,515 75,817 75,817
SUBTOTAL  644,605 669,626 686,271
Revenues from Federal Sources:
Equalization Aid - ARRA ESF 16-4520 104,406 0 0
Equalization Aid - ARRA GSF 17-4521 4,042 0 0
SUBTOTAL  108,448 0 0
Actual Revenues (Over)/Under Expenditures  -69,196 0 0
TOTAL OPERATING BUDGET  1,483,626 1,459,590 1,237,203
TOTAL REVENUES/SOURCES  1,483,626 1,459,590 1,237,203
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL REVENUES/SOURCES NET OF TRANSFERS  1,483,626 1,459,590 1,237,203

 

Advertised Appropriations
Budget CategoryAccount2009-10
Expenditures		2010-11
Rev. Approp.		2011-12
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX1,348,7891,233,4271,046,782
Speech, OT, PT, Related & Extraordinary Services 11-000-216,21704,0004,000
Child Study Teams 11-000-219-XXX0600600
General Administration 11-000-230-XXX21,88824,20019,900
Central Svcs & Admin Info Technology 11-000-25X-XXX20,38820,88520,885
Operation and Maintenance of Plant Services 11-000-26X-XXX24,88271,50010,000
Student Transportation Services 11-000-270-XXX66,230102,328106,268
Deposit to Current Expense Emergency Reserve 10-6070027,268
Interest Earned on Current Expense Emergency Res 10-6070500500
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,4492,1501,000
Total Support Services Expenditures 1,483,6261,459,0901,209,435
TOTAL GENERAL CURRENT EXPENSE 1,483,6261,459,5901,237,203
CAPITAL EXPENDITURES
OPERATING BUDGET GRAND TOTAL 1,483,6261,459,5901,237,203
SPECIAL GRANTS AND ENTITLEMENTS
Total Expenditures 1,483,6261,459,5901,237,203
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 1,483,6261,459,5901,237,203

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/09		Audited
Balance
6/30/10		Estimated
Balance
6/30/11		Estimated
Balance
6/30/12
Unassigned:
  General Operating Budget136,088256,590256,590250,000
  Repayment of Debt0000
Restricted for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve0000
      Tuition Reserve121,77330,00030,0000
      Current Expense Emergency Reserve50,00090,46790,967118,735
  Restricted for Repayment of Debt0000

 

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 11-12 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy510,842 (A)
Estimated Net Taxable Valuation (as of 02/08/2011)33,420,700 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)x1001.5285 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy510,842 (D)
Estimated Net Taxable Valuation (as of 02/08/2011)33,420,700 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)x1001.5285 (F)
B. Estimated 11-12 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy510,842 (G)
Estimated Equalized Valuation (as of 10/01/2010)45,894,043 (H)
Estimated 11-12 Equalized General Fund School Tax Rate=(G)/(H)x1001.1131 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy510,842 (J)
Estimated Equalized Valuation (as of 10/01/2010)45,894,043 (K)
Estimated 11-12 Equalized Total School Tax Rate=(J)/(K)x1001.1131 (L)

 

Administrative Salaries
Employee Name: N/A Nonoperating District 
Job TitleAssistant Superintendent 
Base Annual Salary0 
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 0 
  Contracted Number of Annual Vacation Days 0 
  Contracted Number of Annual Sick Days 0 
  Contracted Number of Annual Personal Days 0 
  Contracted Number of Annual Consulting Days 0 
  Number of Other Contracted Non-working Days 0 
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances0 
Bonuses0 
Stipends0 
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other0 
  Retirement Plans0 
Contractual Post-Employment Benefits Amount0 
  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 Remuneration0 
  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 Salary0 
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 0 
  Contracted Number of Annual Vacation Days 0 
  Contracted Number of Annual Sick Days 0 
  Contracted Number of Annual Personal Days 0 
  Contracted Number of Annual Consulting Days 0 
  Number of Other Contracted Non-working Days 0 
  Description of Other Contracted Non-working Days 
Benefits: 
Allowances0 
Bonuses0 
Stipends0 
District Contributions above Teacher Contract: 
  Insurance: Health, Dental, Life, Other0 
  Retirement Plans0 
Contractual Post-Employment Benefits Amount0 
  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 Remuneration0 
  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