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User Friendly Budgets
2008

HUDSON - HOBOKEN CITY

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time1,8631,8651,923
spacing
Pupils on Roll - Special Full-Time349329315
Private School Placements111113
spacing
Pupils Sent to Contracted Preschool Prog341411508
Pupils Sent to Other Districts-Reg Prog011
Pupils Sent to Other Dists-Spec Ed Prog19128
Pupils Received15118
Pupils in State Facilities444

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 1,722,520 1,052,531
Revenues from Local Sources:
Local Tax Levy 10-1210 32,921,770 34,408,157 35,784,483
Tuition 10-1300 520,539 248,966 200,640
Other Restricted Miscellaneous Revenues 10-1XXX 0 186,200 244,946
Unrestricted Miscellaneous Revenues 10-1XXX 253,391 243,500 243,500
SUBTOTAL  33,695,700 35,086,823 36,473,569
Revenues from State Sources:
School Choice Aid 10-3116 300,694 300,694 79,450
Transportation Aid 10-3120 163,470 163,470 0
Special Education Aid 10-3130 1,419,128 1,419,128 0
Bilingual Education 10-3140 51,734 51,734 0
Stabilization Aid 10-3171 4,278,925 4,278,925 0
Extraordinary Aid 10-3131 35,817 0 68,012
Consolidated Aid 10-3195 271,447 271,447 0
Additional Formula Aid 10-3196 0 223,962 0
Other State Aids 10-3XXX 0 0 1,129,787
Categorical Special Education Aid 10-3132 0 0 1,191,276
Categorical Security Aid 10-3177 0 0 768,105
Adjustment Aid 10-3178 0 0 6,591,009
Categorical Transportation Aid 10-3121 0 0 184,901
SUBTOTAL  6,521,215 6,709,360 10,012,540
Revenues from Federal Sources:
IMPACT Aid 10-4100 195,639 112,500 96,000
Medicaid Reimbursement 10-4200 64,380 25,000 21,250
SUBTOTAL  260,019 137,500 117,250
Adjustment for Prior Year Encumbrances  0 109,523 0
Actual Revenues (Over)/Under Expenditures  542,172 0 0
TOTAL OPERATING BUDGET  41,019,106 43,765,726 47,655,890
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Early Childhood Program Aid - Pr Year Carryover 20-3211 0 365,055 148,062
Demonstrably Effect Prog Aid - Pr Year Carryover 20-3212 0 19,323 0
Early Childhood Program Aid 20-3211 4,697,389 2,027,850 0
Demonstrably Effective Program Aid 20-3212 951,027 979,988 0
Preschool Education Aid 20-3218 0 0 5,803,259
Preschool Expansion Aid 20-3215 0 2,730,719 0
Other Restricted Entitlements 20-32XX 961,899 885,394 497,225
TOTAL REVENUES FROM STATE SOURCES  6,610,315 7,008,329 6,448,546
Revenues from Federal Sources:
Title I 20-4411-4416 1,426,787 1,457,645 1,418,547
I.D.E.A. Part B (Handicapped) 20-4420-4429 749,639 728,191 618,963
Other 20-4XXX 1,316,377 980,583 395,927
TOTAL REVENUES FROM FEDERAL SOURCES  3,492,803 3,166,419 2,433,437
Transfers from Operating Budget-PreK/K 20-5200 238,426 211,808 0
TOTAL GRANTS AND ENTITLEMENTS  10,341,544 10,386,556 8,881,983
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 1 0
Revenues from Local Sources:
Local Tax Levy 40-1210 528,230 291,843 288,884
TOTAL REVENUES FROM LOCAL SOURCES  528,230 291,843 288,884
TOTAL LOCAL REPAYMENT OF DEBT  528,230 291,844 288,884
Actual Revenues (Over)/Under Expenditures  41,529 0 0
TOTAL REPAYMENT OF DEBT  569,759 291,844 288,884
TOTAL REVENUES/SOURCES  51,930,409 54,444,126 56,826,757
DEDUCT REVENUES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Transfers from Operating Budget-PreK/K 20-5200 238,426 211,808 0
TOTAL REVENUES/SOURCES NET OF TRANSFERS  51,691,983 54,232,318 56,826,757

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX613,403611,083315,580
Special Education 11-2XX-100-XXX290,884566,867471,231
Bilingual Education 11-240-100-XXX02,9000
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX199,950190,696147,700
School Sponsored Athletics 11-402-100-XXX628,530669,208112,950
Other Instructional Programs 11-4XX-100-XXX79,09037,1860
Community Services Programs/Operations 11-800-330-XXX008,820
Support Services:
Tuition 11-000-100-XXX718,3181,254,888987,844
Attendance and Social Work Services 11-000-211-XXX0090,240
Health Services 11-000-213-XXX30,00031,50012,749
Students - Related & Extraordinary 11-000-216,217341,188490,220510,172
Guidance 11-000-218-XXX171,66400
Child Study Teams 11-000-219-XXX1,265,8991,190,855856,750
Improvement of Instructional Services 11-000-221-XXX754,9291,337,9051,930,694
Instructional Staff Training Services 11-000-223-XXX24,11431,4000
General Administration 11-000-230-XXX1,349,5001,583,7601,344,071
Central Svcs & Admin Info Technology 11-000-25X-XXX757,320776,312481,335
Operation and Maintenance of Plant Services 11-000-26X-XXX5,218,6624,963,2205,547,493
Student Transportation Services 11-000-270-XXX1,176,3041,037,8921,153,950
Personal Services - Employee Benefits 11-XXX-XXX-2XX3,542,3754,478,5874,485,412
Food Services 11-000-310-XXX386,537425,000400,000
Total Support Services Expenditures 15,736,81017,601,53917,800,710
TOTAL GENERAL CURRENT EXPENSE 17,548,66719,679,47918,856,991
CAPITAL EXPENDITURES
Equipment 12-XXX-XXX-73X252,085176,600150,000
Facilities Acquisition and Construction Services 12-000-4XX-XXX258,987172,826664,979
TOTAL CAPITAL EXPENDITURES 511,072349,426814,979
SPECIAL SCHOOLS
Other Special Schools:
Instruction 13-4XX-100-XXX78,37600
Support Services 13-4XX-200-XXX089,600148,800
Total Other Special Schools 78,37689,600148,800
Adult Education - Local:
Instruction 13-602-100-XXX84,45196,60090,400
Support Services 13-602-200-XXX005,746
Total Adult Education - Local 84,45196,60096,146
TOTAL SPECIAL SCHOOLS 162,827186,200244,946
Transfer of Funds to Charter Schools 10-000-100-56X2,739,0092,873,4994,314,516
General Fund Contribution to SBB 10-000-520-93020,057,53120,677,12223,424,458
OPERATING BUDGET GRAND TOTAL 41,019,10643,765,72647,655,890
GRANTS AND ENTITLEMENTS
Early Childhood Program Aid:
Instruction 20-211-100-XXX3,072,9223,051,8914,620,810
Support Services 20-211-200-XXX910,637961,3111,318,560
Contribution to Charter Schools 20-211-100-56X81,357178,6180
TOTAL EARLY CHILDHOOD PROGRAM AID 4,064,9164,191,8205,939,370
Demonstrably Effective Program Aid:
Contribution to Charter Schools 20-212-100-56X52,230134,7540
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID 52,230134,7540
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX43,69543,07536,614
Nonpublic Auxiliary Services 20-XXX-XXX-XXX240,317271,499230,775
Nonpublic Handicapped Services 20-XXX-XXX-XXX216,630182,215154,883
Nonpublic Nursing Services 20-XXX-XXX-XXX67,42057,30748,711
Nonpublic Technology Initiative 20-XXX-XXX-XXX33,50830,87226,242
Other Special Projects 20-XXX-XXX-XXX360,329300,4260
Total State Projects 5,079,0455,211,9686,436,595
Federal Projects:
Title I 20-XXX-XXX-XXX1,426,787490,073393,547
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX749,639728,191618,963
Other Special Projects 20-XXX-XXX-XXX1,316,377761,258170,927
Total Federal Projects 3,492,8031,979,5221,183,437
Grant & Entitlements Cont to SBB 20-XXX-XXX-9301,769,6963,195,0661,261,951
TOTAL GRANTS AND ENTITLEMENTS 10,341,54410,386,5568,881,983
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX569,759291,844288,884
TOTAL REPAYMENT OF DEBT 569,759291,844288,884
Total Expenditures 51,930,40954,444,12656,826,757
DEDUCT AMOUNTS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Local Cont - Transfer to Grants and Entitlements 11-1XX-100-930238,426211,8080
TOTAL EXPENDITURES NET OF TRANSFERS 51,691,98354,232,31856,826,757

 

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 Budget980,1971,038,9161,038,916873,124
  Repayment of Debt41,530100
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve1,0001,0001,0001,000
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve2,560,1062,454,259886,7390
      Tuition Reserve0000
      Current Expense Emergency Reserve0000
  Reserved for Repayment of Debt0000

 

Advertised Per Pupil Cost Calculations
 2005-06
Actual
2006-07
Actual
2007-08
Original
Budget
2007-08
Revised
Budget
2008-09
Proposed
Budget
Total Comparative Per Pupil Cost16,79319,12820,81423,63024,808
Total Classroom Instruction8,66710,02710,66512,02213,020
Classroom-Salaries and Benefits8,0568,1258,5209,5899,935
Classroom-General Supplies and Textbooks493367530640523
Classroom-Purchased Services and Other1191,5351,6151,7932,562
Total Support Services2,9163,5734,7925,4115,732
Support Services-Salaries and Benefits2,8323,3954,4275,0795,285
Total Administrative Costs1,9531,8291,5261,7241,412
Administration-Salaries and Benefits1,2551,1789021,113904
Total Operations and Maintenance of Plant2,4112,8492,8363,3443,566
Operations & Maintenance of Plant-Salary & Ben.1,4811,8811,9142,2752,287
Total Food Services Costs373174200226212
Total Extracurricular Costs414549663757692
Total Equipment Costs971136311295
Employee Benefits as a % of Salaries25.127.128.127.928.3

The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations are contained in the 2008 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 2007-08 revised appropriations and the 2008-09 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.

 

Advertised Blended Resource SBB Statement
Budget CategoryAccount2006-072007-082008-09
Resources:
General Fund Contribution 15-520020,057,53120,677,12223,424,458
Adjustment for Prior Year Encumbrances 0106,9670
Restricted State Entitlements 15-32XX1,769,6962,008,16911,951
Restricted Federal Entitlements 15-44XX01,186,8971,250,000
Total SBB Resources 21,827,22723,979,15524,686,409
Appropriations:
Instruction 15-XXX-100-XXX14,859,53314,985,15215,863,241
Support Services 15-XXX-2XX-XXX8,338,1928,959,5188,793,168
Equipment 15-XXX-XXX-73X034,48530,000
Total SBB Appropriations 23,197,72523,979,15524,686,409

 

Shared Services
  • The Hoboken Board of Education participates in the Federal E-rate program
  • as well as the Alliance for Competive Energy Services (ACES). The Board
  • also has a Joint Transportation Agreement, as host district, with Weehawk
  • en Board of Education, and plans to expand that relationship to include m
  • ore special education students. The District receives special education
  • students from Weehawken, Union City and Guttenberg Boards of Education, a
  • ll in Hudson County. Finally, Hoboken Board of Education joined the Ed D
  • ata Cooperative Pricing Agreement hosted by Glen Rock Board of Education,
  • and plans on renewing such agreement in April 2008 and thereafter, and to
  • continue to pursue shared service opportunities in the future.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy35,784,483 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)2,818,798,604 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.2695 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy36,073,367 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)2,818,798,604 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.2797 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy35,784,483 (G)
Estimated Equalized Valuation (as of 10/01/2007)9,459,177,444 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1000.3783 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy36,073,367 (J)
Estimated Equalized Valuation (as of 10/01/2007)9,459,177,444 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1000.3814 (L)