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User Friendly Budgets
2008

MORRIS - PEQUANNOCK TWP

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time2,1802,1282,140
Pupils on Roll Regular Shared-Time740
spacing
Pupils on Roll - Special Full-Time303306313
Pupils on Roll - Special Shared-Time624
Private School Placements212123
spacing
Pupils Sent to Other Dists-Spec Ed Prog81114
Pupils Received322

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 0 846,175 826,477
Budgeted Fund Bal - Deposit to Capital Reserve 10-303 0 100,000 0
Transfers from Other Funds 10-5200 9,765 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 27,271,858 28,377,446 29,453,628
Tuition 10-1300 268,650 225,000 150,000
Transportation Fees from Individuals 10-1410 40,736 0 0
Transportation Fees from Other LEAs 10-1420-1440 0 25,000 26,000
Interest Earned on Capital Reserve Funds 10-1XXX 6,802 2,000 2,000
Unrestricted Miscellaneous Revenues 10-1XXX 340,242 196,000 210,100
SUBTOTAL  27,928,288 28,825,446 29,841,728
Revenues from State Sources:
Transportation Aid 10-3120 221,558 221,558 0
Special Education Aid 10-3130 1,513,421 1,513,421 0
Bilingual Education 10-3140 19,784 19,784 0
Stabilization Aid 10-3171 565,711 565,711 0
Extraordinary Aid 10-3131 105,405 0 230,949
Consolidated Aid 10-3195 278,908 278,908 0
Additional Formula Aid 10-3196 77,981 158,302 0
Other State Aids 10-3XXX 25,664 0 0
Categorical Special Education Aid 10-3132 0 0 1,357,800
Equalization Aid 10-3176 0 0 1,129,528
Categorical Security Aid 10-3177 0 0 178,909
Categorical Transportation Aid 10-3121 0 0 270,857
SUBTOTAL  2,808,432 2,757,684 3,168,043
Adjustment for Prior Year Encumbrances  0 657,719 0
Actual Revenues (Over)/Under Expenditures  -514,793 0 0
TOTAL OPERATING BUDGET  30,231,692 33,187,024 33,836,248
GRANTS AND ENTITLEMENTS
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 151,294 122,600 122,600
TOTAL REVENUES FROM STATE SOURCES  151,294 122,600 122,600
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 497,308 366,000 400,000
Other 20-4XXX 112,677 78,500 80,000
TOTAL REVENUES FROM FEDERAL SOURCES  609,985 444,500 480,000
TOTAL GRANTS AND ENTITLEMENTS  761,279 567,100 602,600
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 2,059 23,066
Transfers from Other Funds 40-5200 20,368 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 979,346 977,709 345,474
Miscellaneous 40-1XXX 2,698 0 0
TOTAL REVENUES FROM LOCAL SOURCES  982,044 977,709 345,474
Revenues from State Sources:
Debt Service Aid Type II 40-3160 186,387 187,180 186,010
TOTAL LOCAL REPAYMENT OF DEBT  1,188,799 1,166,948 554,550
Actual Revenues (Over)/Under Expenditures  -21,616 0 0
TOTAL REPAYMENT OF DEBT  1,167,183 1,166,948 554,550
TOTAL REVENUES/SOURCES  32,160,154 34,921,072 34,993,398

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX11,624,87311,965,55812,012,931
Special Education 11-2XX-100-XXX2,601,4863,005,7243,155,694
Basic Skills/Remedial 11-230-100-XXX202,906233,585218,185
Bilingual Education 11-240-100-XXX51,75455,20130,108
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX159,653250,090185,597
School Sponsored Athletics 11-402-100-XXX379,217433,220475,985
Other Instructional Programs 11-4XX-100-XXX15,31720,00022,050
Support Services:
Tuition 11-000-100-XXX1,203,0621,563,3661,504,672
Health Services 11-000-213-XXX362,159389,268408,192
Students - Related & Extraordinary 11-000-216,217679,490763,909856,580
Guidance 11-000-218-XXX590,015662,582737,668
Child Study Teams 11-000-219-XXX560,383621,919656,822
Improvement of Instructional Services 11-000-221-XXX303,822452,919570,860
Educational Media Services - School Library 11-000-222-XXX430,676569,222583,370
Instructional Staff Training Services 11-000-223-XXX27,89663,05042,050
General Administration 11-000-230-XXX890,125799,772822,290
School Administration 11-000-240-XXX1,521,7261,830,4261,831,448
Central Svcs & Admin Info Technology 11-000-25X-XXX554,331610,916620,146
Operation and Maintenance of Plant Services 11-000-26X-XXX2,494,0932,617,8292,590,741
Student Transportation Services 11-000-270-XXX897,050896,792940,799
Personal Services - Employee Benefits 11-XXX-XXX-2XX4,457,9695,191,4175,483,460
Total Support Services Expenditures 14,972,79717,033,38717,649,098
TOTAL GENERAL CURRENT EXPENSE 30,008,00332,996,76533,749,648
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-6040100,0000
Interest Earned on Capital Reserve 10-60402,0002,000
Equipment 12-XXX-XXX-73X121,49576,28954,600
Facilities Acquisition and Construction Services 12-000-4XX-XXX102,19411,97030,000
TOTAL CAPITAL EXPENDITURES 223,689190,25986,600
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL 30,231,69233,187,02433,836,248
GRANTS AND ENTITLEMENTS
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX19,29123,60023,600
Nonpublic Auxiliary Services 20-XXX-XXX-XXX22,62825,00025,000
Nonpublic Handicapped Services 20-XXX-XXX-XXX66,39235,00035,000
Nonpublic Nursing Services 20-XXX-XXX-XXX25,69125,00025,000
Nonpublic Technology Initiative 20-XXX-XXX-XXX13,81214,00014,000
Other Special Projects 20-XXX-XXX-XXX3,48000
Total State Projects 151,294122,600122,600
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX497,308366,000400,000
Other Special Projects 20-XXX-XXX-XXX112,67778,50080,000
Total Federal Projects 609,985444,500480,000
TOTAL GRANTS AND ENTITLEMENTS 761,279567,100602,600
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX1,167,1831,166,948554,550
TOTAL REPAYMENT OF DEBT 1,167,1831,166,948554,550
Total Expenditures 32,160,15434,921,07234,993,398

 

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 Budget707,731831,861604,634604,634
  Repayment of Debt3,50925,12523,0660
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve225,953164,606266,606268,606
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve1,615,1751,883,6081,037,433210,956
      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 Cost10,72511,16612,04712,50112,729
Total Classroom Instruction6,6877,0367,6337,7407,880
Classroom-Salaries and Benefits6,0896,3937,0136,9487,115
Classroom-General Supplies and Textbooks414462368526487
Classroom-Purchased Services and Other183181252265278
Total Support Services1,4341,4151,6561,7041,835
Support Services-Salaries and Benefits1,2521,2001,3661,4201,498
Total Administrative Costs1,3421,3391,3861,5831,583
Administration-Salaries and Benefits1,0711,0731,1181,2261,282
Total Operations and Maintenance of Plant9851,1031,1231,1941,163
Operations & Maintenance of Plant-Salary & Ben.504532567578590
Total Food Services Costs00000
Total Extracurricular Costs260254250280269
Total Equipment Costs434993122
Employee Benefits as a % of Salaries22.723.325.325.526.1

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.

 

Shared Services
  • Joint transportation agreements with other LEAS-hosting and joining
  • Joint purchasing agreement through Morris County Ed.Serv.Commission
  • Joint service agreements with Morris County Ed.Serv.Commission for
  • educational and transportation services
  • Participation in ACES- cooperative bidding for purchase of natural gas
  • Participation in ACT- cooperative bidding for purchase of long distance
  • telephone service
  • Participatio in Federal Erate program- for reduction of district
  • telecommunication uses
  • Agreement with Township for purchase of gasoline/diesel fuels
  • Cooperative agreement with Township recreation for building use fees
  • Cooperative agreement with Township for purchase of salt for snow
  • removal
  • Cooperative agreement with Township for portions of field maintenance

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy29,453,628 (A)
Estimated Net Taxable Valuation (as of 01/31/2008)2,884,392,155 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.0211 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy29,799,102 (D)
Estimated Net Taxable Valuation (as of 01/31/2008)2,884,392,155 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.0331 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy29,453,628 (G)
Estimated Equalized Valuation (as of 10/01/2007)2,813,324,285 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.0469 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy29,799,102 (J)
Estimated Equalized Valuation (as of 10/01/2007)2,813,324,285 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.0592 (L)