User Friendly Budgets
2008

SOMERSET - ROCKY HILL

 

Advertised Enrollments
Enrollment Category	October 15, 2006 Actual	October 15, 2007 Actual	October 15, 2008 Estimated
Private School Placements	2	2	2
Pupils Sent to Contracted Preschool Prog	0	0	1
Pupils Sent to Other Districts-Reg Prog	70	81	82
Pupils Sent to Other Dists-Spec Ed Prog	13	15	15

 

Advertised Revenues
Budget Category	Account	2006-07 Actual	2007-08 Revised	2008-09 Anticipated
OPERATING BUDGET
Budgeted Fund Balance - Operating Budget	10-303	0	0	7,878
Revenues from Local Sources:
Local Tax Levy	10-1210	929,009	1,124,742	1,355,823
Unrestricted Miscellaneous Revenues	10-1XXX	9,863	4,000	8,000
SUBTOTAL		938,872	1,128,742	1,363,823
Revenues from State Sources:
Transportation Aid	10-3120	11,592	11,592	0
Special Education Aid	10-3130	59,966	59,966	0
Consolidated Aid	10-3195	2,557	2,557	0
Additional Formula Aid	10-3196	2,223	4,513	0
Other State Aids	10-3XXX	588	0	0
Categorical Special Education Aid	10-3132	0	0	37,822
Categorical Security Aid	10-3177	0	0	7,388
Categorical Transportation Aid	10-3121	0	0	49,143
SUBTOTAL		76,926	78,628	94,353
Actual Revenues (Over)/Under Expenditures		73,888	0	0
TOTAL OPERATING BUDGET		1,089,686	1,207,370	1,466,054
TOTAL REVENUES/SOURCES		1,089,686	1,207,370	1,466,054

 

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	947,622	1,050,470	1,294,954
General Administration	11-000-230-XXX	4,310	7,400	8,600
Central Svcs & Admin Info Technology	11-000-25X-XXX	18,788	21,500	22,100
Operation and Maintenance of Plant Services	11-000-26X-XXX	4,154	4,600	4,600
Student Transportation Services	11-000-270-XXX	113,254	121,600	134,000
Personal Services - Employee Benefits	11-XXX-XXX-2XX	1,558	1,800	1,800
Total Support Services Expenditures		1,089,686	1,207,370	1,466,054
TOTAL GENERAL CURRENT EXPENSE		1,089,686	1,207,370	1,466,054
CAPITAL EXPENDITURES
SPECIAL SCHOOLS
OPERATING BUDGET GRAND TOTAL		1,089,686	1,207,370	1,466,054
GRANTS AND ENTITLEMENTS
REPAYMENT OF DEBT
Total Expenditures		1,089,686	1,207,370	1,466,054

 

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	116,013	77,713	77,713	69,835
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	24,064	0	0	0
Tuition Reserve	0	0	0	0
Current Expense Emergency Reserve	0	0	0	0
Reserved for Repayment of Debt	0	0	0	0

 

Estimated Tax Rate Information
A. Estimated 08-09 School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,355,823 (A)
Estimated Net Taxable Valuation (as of 10/01/2007)	62,303,496 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)x100	2.1762 (C)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,355,823 (D)
Estimated Net Taxable Valuation (as of 10/01/2007)	62,303,496 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)x100	2.1762 (F)
B. Estimated 08-09 Equalized School Tax Rate
WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy	1,355,823 (G)
Estimated Equalized Valuation (as of 10/01/2007)	134,752,765 (H)
Estimated 08-09 Equalized General Fund School Tax Rate=(G)/(H)x100	1.0062 (I)
WITH REPAYMENT OF DEBT AND ADJUSTMENTS
Total School Levy	1,355,823 (J)
Estimated Equalized Valuation (as of 10/01/2007)	134,752,765 (K)
Estimated 08-09 Equalized Total School Tax Rate=(J)/(K)x100	1.0062 (L)