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User Friendly Budgets
2012-13

ATLANTIC - CORBIN CITY

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2010
Actual		October 15, 2011
Actual		October 15, 2012
Estimated
Pupils Sent to Other Districts-Reg Prog555171
Pupils Sent to Other Dists-Spec Ed Prog12127

 

Advertised Revenues
Budget CategoryAccount2010-11
Actual		2011-12
Revised		2012-13
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 6,590 2,020
Withdrawal from Tuition Reserve-Excess over adj. 10-311 0 30,000 73,910
Revenues from Local Sources:
Local Tax Levy 10-1210 786,464 510,842 510,842
Interest Earned on Current Expense Emergency Res 10-1XXX 500 500 500
Unrestricted Miscellaneous Revenues 10-1XXX 8,199 3,000 1,900
SUBTOTAL  795,163 514,342 513,242
Revenues from State Sources:
Extraordinary Aid 10-3131 11,544 0 0
Other State Aids 10-3XXX 174 0 0
Categorical Special Education Aid 10-3132 39,031 39,031 39,691
Equalization Aid 10-3176 417,066 417,066 374,812
Categorical Security Aid 10-3177 9,587 9,587 9,344
Adjustment Aid 10-3178 128,125 144,770 186,046
Categorical Transportation Aid 10-3121 75,817 75,817 73,603
SUBTOTAL  681,344 686,271 683,496
Actual Revenues (Over)/Under Expenditures  -76,430 0 0
TOTAL OPERATING BUDGET  1,400,077 1,237,203 1,272,668
TOTAL REVENUES/SOURCES  1,400,077 1,237,203 1,272,668
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL REVENUES/SOURCES NET OF TRANSFERS  1,400,077 1,237,203 1,272,668

 

Advertised Appropriations
Budget CategoryAccount2010-11
Expenditures		2011-12
Rev. Approp.		2012-13
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX1,258,5481,046,7821,063,091
Speech, OT, PT, Related & Extraordinary Services 11-000-216,2173,1654,0004,000
Child Study Teams 11-000-219-XXX0600600
General Administration 11-000-230-XXX17,57619,90020,100
Central Svcs & Admin Info Technology 11-000-25X-XXX20,38520,88520,885
Operation and Maintenance of Plant Services 11-000-26X-XXX48,54110,0000
Student Transportation Services 11-000-270-XXX50,694106,268112,492
Deposit to Current Expense Emergency Reserve 10-607027,26850,000
Interest Earned on Current Expense Emergency Res 10-6070500500
Personal Services - Employee Benefits 11-XXX-XXX-2XX1,1681,0001,000
Total Support Services Expenditures 1,400,0771,209,4351,222,168
TOTAL GENERAL CURRENT EXPENSE 1,400,0771,237,2031,272,668
CAPITAL EXPENDITURES
OPERATING BUDGET GRAND TOTAL 1,400,0771,237,2031,272,668
SPECIAL GRANTS AND ENTITLEMENTS
Total Expenditures 1,400,0771,237,2031,272,668
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
TOTAL EXPENDITURES NET OF TRANSFERS 1,400,0771,237,2031,272,668

 

Advertised Recapitulation of Balances
Budget CategoryAudited
Balance
6/30/10		Audited
Balance
6/30/11		Estimated
Balance
6/30/12		Estimated
Balance
6/30/13
Unassigned:
  General Operating Budget256,590258,610252,020250,000
  Repayment of Debt0000
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve0000
      Tuition Reserve30,000103,91073,9100
      Current Expense Emergency Reserve90,46790,967118,735169,235
  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 12-13 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy510,842 (A)
Estimated Net Taxable Valuation (as of 01/10/2012)34,105,000 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)x1001.4979 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy510,842 (D)
Estimated Net Taxable Valuation (as of 01/10/2012)34,105,000 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)x1001.4979 (F)
B. Estimated 12-13 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy510,842 (G)
Estimated Equalized Valuation (as of 10/01/2011)63,680,228 (H)
Estimated 12-13 Equalized General Fund School Tax Rate=(G)/(H)x1000.8022 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy510,842 (J)
Estimated Equalized Valuation (as of 10/01/2011)63,680,228 (K)
Estimated 12-13 Equalized Total School Tax Rate=(J)/(K)x1000.8022 (L)

 

Administrative Salaries
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