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User Friendly Budgets
2008

SOMERSET - MONTGOMERY TWP

 

Advertised Enrollments
Enrollment CategoryOctober 15, 2006
Actual
October 15, 2007
Actual
October 15, 2008
Estimated
Pupils on Roll Regular Full-Time4,6734,7134,806
Pupils on Roll Regular Shared-Time1270
spacing
Pupils on Roll - Special Full-Time464471492
Pupils on Roll - Special Shared-Time130
Private School Placements445555
spacing
Pupils Sent to Other Districts-Reg Prog431
Pupils Sent to Other Dists-Spec Ed Prog20137
Pupils Received829598

 

Advertised Revenues
Budget CategoryAccount2006-07
Actual
2007-08
Revised
2008-09
Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget 10-303 1,507,298 2,222,862 2,130,601
Transfers from Other Funds 10-5200 58,858 0 0
Revenues from Local Sources:
Local Tax Levy 10-1210 54,602,102 57,054,379 58,987,206
Tuition 10-1300 825,318 895,665 1,050,121
Transportation Fees from Other LEAs 10-1420-1440 113,254 105,000 117,000
Interest Earned on Capital Reserve Funds 10-1XXX 4,933 1,000 0
Unrestricted Miscellaneous Revenues 10-1XXX 1,452,441 525,000 665,000
SUBTOTAL  56,998,048 58,581,044 60,819,327
Revenues from State Sources:
Transportation Aid 10-3120 1,030,495 1,030,495 0
Special Education Aid 10-3130 2,145,097 2,145,097 0
Bilingual Education 10-3140 9,758 9,758 0
Stabilization Aid 10-3171 32,171 32,171 0
Extraordinary Aid 10-3131 156,033 0 283,884
Consolidated Aid 10-3195 333,299 333,299 0
Additional Formula Aid 10-3196 106,525 231,478 0
Other State Aids 10-3XXX 564,650 507,767 0
Categorical Special Education Aid 10-3132 0 0 2,687,248
Categorical Security Aid 10-3177 0 0 390,065
Categorical Transportation Aid 10-3121 0 0 1,990,163
SUBTOTAL  4,378,028 4,290,065 5,351,360
Adjustment for Prior Year Encumbrances  0 461,810 0
Actual Revenues (Over)/Under Expenditures  -750,127 0 0
TOTAL OPERATING BUDGET  60,684,807 65,555,781 68,301,288
GRANTS AND ENTITLEMENTS
Revenues from Local Sources 20-1XXX 133,263 32,632 0
Revenues from State Sources:
Other Restricted Entitlements 20-32XX 82,010 103,987 95,364
TOTAL REVENUES FROM STATE SOURCES  82,010 103,987 95,364
Revenues from Federal Sources:
I.D.E.A. Part B (Handicapped) 20-4420-4429 817,265 864,068 710,581
Other 20-4XXX 72,792 396,293 385,696
TOTAL REVENUES FROM FEDERAL SOURCES  890,057 1,260,361 1,096,277
TOTAL GRANTS AND ENTITLEMENTS  1,105,330 1,396,980 1,191,641
REPAYMENT OF DEBT
Budgeted Fund Balance 40-303 0 152,243 9,176
Transfers from Other Funds 40-5200 144,810 0 0
Revenues from Local Sources:
Local Tax Levy 40-1210 6,702,938 6,223,651 6,302,688
Miscellaneous 40-1XXX 1,790 0 0
TOTAL REVENUES FROM LOCAL SOURCES  6,704,728 6,223,651 6,302,688
Revenues from State Sources:
Debt Service Aid Type II 40-3160 314,370 314,336 313,976
TOTAL LOCAL REPAYMENT OF DEBT  7,163,908 6,690,230 6,625,840
Actual Revenues (Over)/Under Expenditures  -139,841 0 0
TOTAL REPAYMENT OF DEBT  7,024,067 6,690,230 6,625,840
TOTAL REVENUES/SOURCES  68,814,204 73,642,991 76,118,769

 

Advertised Appropriations
Budget CategoryAccount2006-07
Expenditures
2007-08
Rev. Approp.
2008-09
Appropriations
GENERAL CURRENT EXPENSE
Instruction:
Regular Programs 11-1XX-100-XXX19,529,11820,692,15921,881,152
Special Education 11-2XX-100-XXX4,188,1224,422,2484,726,692
Basic Skills/Remedial 11-230-100-XXX618,478779,455819,822
Bilingual Education 11-240-100-XXX154,408168,180174,465
School-Spon. Co/Extra-Curr. Activities 11-401-100-XXX334,557385,279407,113
School Sponsored Athletics 11-402-100-XXX952,3821,036,4711,081,535
Other Instructional Programs 11-4XX-100-XXX2,43313,00015,000
Support Services:
Tuition 11-000-100-XXX2,424,5752,881,2593,011,982
Attendance and Social Work Services 11-000-211-XXX7,39910,09110,551
Health Services 11-000-213-XXX537,334570,469595,031
Students - Related & Extraordinary 11-000-216,217919,6331,000,6041,210,077
Guidance 11-000-218-XXX1,121,4001,268,2801,334,066
Child Study Teams 11-000-219-XXX1,150,1621,141,3171,297,185
Improvement of Instructional Services 11-000-221-XXX635,781714,042739,184
Educational Media Services - School Library 11-000-222-XXX969,7661,032,4011,066,798
Instructional Staff Training Services 11-000-223-XXX459,714470,180463,538
General Administration 11-000-230-XXX1,374,1371,440,5651,294,151
School Administration 11-000-240-XXX2,457,4622,601,8282,702,437
Central Svcs & Admin Info Technology 11-000-25X-XXX1,074,4071,246,5811,264,144
Operation and Maintenance of Plant Services 11-000-26X-XXX7,278,4657,704,7377,783,334
Student Transportation Services 11-000-270-XXX5,162,6995,387,3945,138,664
Personal Services - Employee Benefits 11-XXX-XXX-2XX8,985,2749,537,27610,649,317
Total Support Services Expenditures 34,558,20837,007,02438,560,459
TOTAL GENERAL CURRENT EXPENSE 60,337,70664,503,81667,666,238
CAPITAL EXPENDITURES
Deposit to Capital Reserve 10-604151,53900
Interest Earned on Capital Reserve 10-60401,0000
Equipment 12-XXX-XXX-73X12,0263,50025,100
Facilities Acquisition and Construction Services 12-000-4XX-XXX31,9971,038,465609,950
Capital Reserve-Transfer to Capital Expend Fund 12-000-4XX-931151,53900
TOTAL CAPITAL EXPENDITURES 347,1011,042,965635,050
SPECIAL SCHOOLS
Transfer of Funds to Charter Schools 10-000-100-56X09,0000
OPERATING BUDGET GRAND TOTAL 60,684,80765,555,78168,301,288
GRANTS AND ENTITLEMENTS
Local Projects 20-XXX-XXX-XXX133,26332,6320
Other State Projects:
Nonpublic Textbooks 20-XXX-XXX-XXX17,07817,38217,382
Nonpublic Handicapped Services 20-XXX-XXX-XXX30,35441,53341,533
Nonpublic Nursing Services 20-XXX-XXX-XXX22,72124,00924,009
Nonpublic Technology Initiative 20-XXX-XXX-XXX6,65412,44012,440
Other Special Projects 20-XXX-XXX-XXX5,2038,6230
Total State Projects 82,010103,98795,364
Federal Projects:
I.D.E.A. Part B (Handicapped) 20-XXX-XXX-XXX817,265864,068710,581
Other Special Projects 20-XXX-XXX-XXX72,792396,293385,696
Total Federal Projects 890,0571,260,3611,096,277
TOTAL GRANTS AND ENTITLEMENTS 1,105,3301,396,9801,191,641
REPAYMENT OF DEBT
Repayment of Debt - Regular 40-701-510-XXX7,024,0676,690,2306,625,840
TOTAL REPAYMENT OF DEBT 7,024,0676,690,2306,625,840
Total Expenditures 68,814,20473,642,99176,118,769

 

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 Budget1,485,4911,411,4641,422,9641,299,537
  Repayment of Debt14,003153,8449,1760
Reserved for Specific Purposes:
  General Operating Budget:
      Capital Reserve117,171122,104123,104123,104
      Adult Education Programs0000
      Maintenance Reserve0000
      Legal Reserve3,578,6214,230,0362,007,1740
      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 Cost9,59610,04710,23210,83711,234
Total Classroom Instruction5,4945,7535,7646,1686,464
Classroom-Salaries and Benefits4,9765,4035,4395,7766,072
Classroom-General Supplies and Textbooks363233235260268
Classroom-Purchased Services and Other15411691131125
Total Support Services1,2511,3451,3891,4461,548
Support Services-Salaries and Benefits1,1101,1901,2111,2641,359
Total Administrative Costs1,0511,0791,1091,2081,192
Administration-Salaries and Benefits864887889954966
Total Operations and Maintenance of Plant1,4661,5061,5891,6091,606
Operations & Maintenance of Plant-Salary & Ben.543582598629663
Total Food Services Costs00000
Total Extracurricular Costs273292305323335
Total Equipment Costs172115
Employee Benefits as a % of Salaries23.224.726.124.726

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.

 

Unusual Revenues and Appropriations
SourceAmountDescription
Participation Fees115,000 Fees charged to sport/club participants
Naming Rights75,000 Charges for name appearing on bd assets
Total Unusual Revenues190,000 

 

Shared Services
  • Listing of shared services with Montgomery Township:
  • - Computer Technician shared 50/50
  • - Cost of high school pool service shared
  • - Purchases of gasoline and salt through county co-op program
  • - School facilities used for township recreation programs
  • - Use of township equipmt on periodic school parking lot/driveway repairs
  • Listing of other shared services:
  • - Joint transportation agreements with other school districts
  • - ACES
  • - Cooperative purchasing through Ed Data
  • - ERIC North workers compensation joint insurance fund
  • - SAIF property, casualty & liability joint insurance fund

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy58,987,206 (A)
Estimated Net Taxable Valuation (as of 01/01/2008)3,762,277,120 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x1001.5679 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy65,289,894 (D)
Estimated Net Taxable Valuation (as of 01/01/2008)3,762,277,120 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x1001.7354 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy58,987,206 (G)
Estimated Equalized Valuation (as of 10/01/2007)4,859,619,031 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x1001.2138 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy65,289,894 (J)
Estimated Equalized Valuation (as of 10/01/2007)4,859,619,031 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x1001.3435 (L)