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User Friendly Budgets
2008

CAPE MAY - CAPE MAY POINT

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils Sent to Other Districts-Reg Prog545
Pupils Sent to Other Dists-Spec Ed Prog100

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Revenues from Local Sources:
Local Tax Levy 10-1210 73,541 27,620 27,620
Unrestricted Miscellaneous Revenues 10-1XXX 1,620 1,000 1,000
SUBTOTAL  75,161 28,620 28,620
Revenues from State Sources:
Transportation Aid 10-3120 6,757 6,757 0
Special Education Aid 10-3130 3,260 3,260 0
Stabilization Aid 10-3171 12,852 12,852 0
Supplemental Stabilization Aid 10-3172 3,630 3,630 0
Consolidated Aid 10-3195 658 658 0
Additional Formula Aid 10-3196 815 1,654 0
Other State Aids 10-3XXX 160 0 0
Categorical Special Education Aid 10-3132 0 0 1,870
Categorical Security Aid 10-3177 0 0 245
Adjustment Aid 10-3178 0 0 24,812
Categorical Transportation Aid 10-3121 0 0 2,459
SUBTOTAL  28,132 28,811 29,386
Actual Revenues (Over)/Under Expenditures  -10,164 0 0
TOTAL OPERATING BUDGET  93,129 57,431 58,006
TOTAL REVENUES/SOURCES  93,129 57,431 58,006

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition 11-000-100-XXX68,8718,45511,073
Child Study Teams 11-000-219-XXX01,0000
General Administration 11-000-230-XXX8,67410,88412,461
Central Svcs & Admin Info Technology 11-000-25X-XXX7,7258,0348,436
Student Transportation Services 11-000-270-XXX7,73811,5508,500
Deposit to Current Expense Emergency Reserve 10-607017,09817,126
Personal Services - Employee Benefits 11-XXX-XXX-2XX121410410
Total Support Services Expenditures 93,12940,33340,880
TOTAL GENERAL CURRENT EXPENSE 93,12957,43158,006
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 93,12957,43158,006
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures 93,12957,43158,006

 

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 Budget79,26589,42989,42989,429
  Repayment of Debt0000
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve0000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve0000
      Tuition Reserve0000
      Current Expense Emergency Reserve0017,09834,224
  Reserved for Repayment of Debt0000

 

Shared Services
  • Use of office equipment with Cape May City
  • Attorney with municipality
  • Child Study team services with Lower Cape May Regional as needed
  • Municipal building used for meetings

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy27,620 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)284,974,513 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1000.0097 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy27,620 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)284,974,513 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1000.0097 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy27,620 (G)
Estimated Equalized Valuation (as of 10/01/2007)542,577,199 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.0051 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy27,620 (J)
Estimated Equalized Valuation (as of 10/01/2007)542,577,199 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.0051 (L)