User Friendly Budgets
2008

MORRIS - VICTORY GARDENS

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	7	5	14
Pupils Sent to Other Districts-Reg Prog	215	221	233
Pupils Sent to Other Dists-Spec Ed Prog	29	27	23
Pupils in State Facilities	1	1	1

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	111,401	205,245	202,610
Revenues from Local Sources:
Local Tax Levy	10-1210	922,230	826,654	823,002
Unrestricted Miscellaneous Revenues	10-1XXX	49,575	0	0
SUBTOTAL		971,805	826,654	823,002
Revenues from State Sources:
Core Curriculum Standards Aid	10-3111	1,298,841	1,298,841	0
Transportation Aid	10-3120	203,031	203,031	0
Special Education Aid	10-3130	217,335	217,335	0
Bilingual Education	10-3140	2,318	2,318	0
Stabilization Aid	10-3171	236,779	236,779	0
Extraordinary Aid	10-3131	47	0	0
Consolidated Aid	10-3195	30,502	30,502	0
Additional Formula Aid	10-3196	59,664	121,118	0
Other State Aids	10-3XXX	116	50,949	0
Categorical Special Education Aid	10-3132	0	0	141,851
Equalization Aid	10-3176	0	0	2,254,596
Categorical Security Aid	10-3177	0	0	92,860
Categorical Transportation Aid	10-3121	0	0	103,740
SUBTOTAL		2,048,633	2,160,873	2,593,047
Actual Revenues (Over)/Under Expenditures		-271,923	0	0
TOTAL OPERATING BUDGET		2,748,515	3,192,772	3,618,659
GRANTS AND ENTITLEMENTS
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped)	20-4420-4429	49,787	0	0
TOTAL REVENUES FROM FEDERAL SOURCES		49,787	0	0
TOTAL GRANTS AND ENTITLEMENTS		49,787	0	0
TOTAL REVENUES/SOURCES		2,798,302	3,192,772	3,618,659

 

Advertised Appropriations
Budget Category	Account	2006-07 Expenditures	2007-08 Rev. Approp.	2008-09 Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Support Services:
Tuition	11-000-100-XXX	2,386,168	2,772,482	3,119,202
Attendance and Social Work Services	11-000-211-XXX	9,550	10,345	10,345
General Administration	11-000-230-XXX	42,291	46,830	46,673
Operation and Maintenance of Plant Services	11-000-26X-XXX	0	0	79,000
Student Transportation Services	11-000-270-XXX	307,103	358,061	358,061
Personal Services - Employee Benefits	11-XXX-XXX-2XX	3,403	5,054	5,378
Total Support Services Expenditures		2,748,515	3,192,772	3,618,659
TOTAL GENERAL CURRENT EXPENSE		2,748,515	3,192,772	3,618,659
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		2,748,515	3,192,772	3,618,659
GRANTS AND ENTITLEMENTS
Federal Projects:
I.D.E.A. Part B (Handicapped)	20-XXX-XXX-XXX	49,787	0	0
Total Federal Projects		49,787	0	0
TOTAL GRANTS AND ENTITLEMENTS		49,787	0	0
REPAYMENT OF DEBT
Total Expenditures		2,798,302	3,192,772	3,618,659

 

Advertised Recapitulation of Balances
Budget Category	Audited Balance 6/30/06	Audited Balance 6/30/07	Estimated Balance 6/30/08	Estimated Balance 6/30/09
Unreserved:
General Operating Budget	213,073	282,712	250,326	250,000
Repayment of Debt	0	0	0	0
Reserved for Specific Purposes:
General Operating Budget:
Capital Reserve	0	0	0	0
Adult Education Programs	0	0	0	0
Maintenance Reserve	0	0	0	0
Legal Reserve	172,696	374,980	202,284	0
Tuition Reserve	0	0	0	0
Current Expense Emergency Reserve	0	0	0	0
Reserved for Repayment of Debt	0	0	0	0

 

Unusual Revenues and Appropriations
Source	Amount	Description
Tuition to Public Sch	2,213,992	Receiving dist increased tuition rates
Total Unusual Appropriations	2,213,992

 

Shared Services
Not applicable Victory Gardens Bd of Ed is a non-operaing district.

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	823,002 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	97,474,423 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	0.8443 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	823,002 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	97,474,423 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	0.8443 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	823,002 (G)
Estimated Equalized Valuation (as of 10/01/2007)	99,838,959 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	0.8243 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	823,002 (J)
Estimated Equalized Valuation (as of 10/01/2007)	99,838,959 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	0.8243 (L)