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 03/11/2008                                           CAPE MAY  -  AVALON BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                        67                       70                       74


      Pupils on Roll - Special Full-Time                      15                        7                        5



      Pupils Sent to Other Districts-Reg Prog                 17                       24                       31
      Pupils Sent to Other Dists-Spec Ed Prog                  3                        1
      Pupils Received                                         12                       12                       13
 

                                                      CAPE MAY - AVALON BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                      59,385           44,802

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 2,944,489        2,901,122        2,959,144
      Tuition                                               10-1300                    28,000           36,400           36,400
      Transportation Fees from Other LEAs                   10-1420-1440               16,834
      Interest Earned on Capital Reserve Funds              10-1XXX                                         10               10
      Unrestricted Miscellaneous Revenues                   10-1XXX                    34,239            2,041            6,800
      SUBTOTAL                                                                      3,023,562        2,939,573        3,002,354

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                    25,634           25,634
      Special Education Aid                                 10-3130                    24,942           24,942
      Bilingual Education                                   10-3140                     4,636            4,636
      Stabilization Aid                                     10-3171                    20,578           20,578
      Consolidated Aid                                      10-3195                    11,625           11,625
      Additional Formula Aid                                10-3196                     1,036            3,746
      Other State Aids                                      10-3XXX                       352
      Categorical Special Education Aid                     10-3132                                                      38,808
      Categorical Security Aid                              10-3177                                                       5,262
      Adjustment Aid                                        10-3178                                                      35,258
      Categorical Transportation Aid                        10-3121                                                      18,798
      SUBTOTAL                                                                         88,803           91,161           98,126
      Adjustment for Prior Year Encumbrances                                                            76,141
      Actual Revenues (Over)/Under Expenditures                                      -244,221
      TOTAL OPERATING BUDGET                                                        2,868,144        3,166,260        3,145,282
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                     1,875            1,875
      Other Restricted Entitlements                         20-32XX                     4,000
      TOTAL REVENUES FROM STATE SOURCES                                                 5,875            1,875

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               23,206           21,438           20,152
      Other                                                 20-4XXX                    18,096
      TOTAL REVENUES FROM FEDERAL SOURCES                                              41,302           21,438           20,152
      TOTAL GRANTS AND ENTITLEMENTS                                                    47,177           23,313           20,152
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                                       29,770
      Transfers from Other Funds                            40-5200                     6,315          489,080          473,310

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   454,572
      Miscellaneous                                         40-1XXX                         1
      TOTAL REVENUES FROM LOCAL SOURCES                                               454,573
      TOTAL LOCAL REPAYMENT OF DEBT                                                   460,888          489,080          503,080
      Actual Revenues (Over)/Under Expenditures                                        13,192
      TOTAL REPAYMENT OF DEBT                                                         474,080          489,080          503,080
      TOTAL REVENUES/SOURCES                                                        3,389,401        3,678,653        3,668,514
                                                      CAPE MAY - AVALON BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2006-07          2007-08         2008-09 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          1,060,643        1,152,088        1,128,356
      Special Education                                     11-2XX-100-XXX            109,990          115,890          122,276
      Basic Skills/Remedial                                 11-230-100-XXX              9,030            9,865           10,380
      Bilingual Education                                   11-240-100-XXX                               5,285
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             16,237           16,583           17,239
      School Sponsored Athletics                            11-402-100-XXX                               4,700            2,625
      Support Services:
      Tuition                                               11-000-100-XXX            291,156          259,311          209,507
      Attendance and Social Work Services                   11-000-211-XXX             19,272           20,042           21,382
      Health Services                                       11-000-213-XXX             51,854           55,506           59,112
      Students - Related & Extraordinary                    11-000-216,217              5,483            7,469            7,497
      Guidance                                              11-000-218-XXX             15,776           17,543           18,561
      Child Study Teams                                     11-000-219-XXX             35,138           44,234           41,649
      Improvement of Instructional Services                 11-000-221-XXX             58,938           64,591           62,412
      Educational Media Services - School Library           11-000-222-XXX             82,006           92,167           75,899
      Instructional Staff Training Services                 11-000-223-XXX             29,691           24,219           24,229
      General Administration                                11-000-230-XXX             59,162          104,051           72,967
      School Administration                                 11-000-240-XXX             26,257           24,467           23,389
      Central Svcs & Admin Info Technology                  11-000-25X-XXX             23,791           30,875           33,621
      Deposit to Maintenance Reserve                        10-606                                      61,138          160,000
      Operation and Maintenance of Plant Services           11-000-26X-XXX            247,036          299,380          291,269
      Student Transportation Services                       11-000-270-XXX             86,132           93,135           95,229
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            373,509          427,487          478,409
      Food Services                                         11-000-310-XXX             67,346           67,092           67,031
      Total Support Services Expenditures                                           1,472,547        1,631,569        1,582,163
      TOTAL GENERAL CURRENT EXPENSE                                                 2,668,447        2,997,118        3,023,039

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                                                      100,983
      Interest Earned on Capital Reserve                    10-604                                          10               10
      Equipment                                             12-XXX-XXX-73X             66,393           38,130           15,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            129,772          124,752
      TOTAL CAPITAL EXPENDITURES                                                      196,165          162,892          115,993

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           13-422-100-XXX              3,532            6,250            6,250
      Total Summer School                                                               3,532            6,250            6,250
      TOTAL SPECIAL SCHOOLS                                                             3,532            6,250            6,250
      OPERATING BUDGET GRAND TOTAL                                                  2,868,144        3,166,260        3,145,282

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-214-100-XXX              1,875            1,875
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                                1,875            1,875
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              4,000
      Total State Projects                                                              5,875            1,875
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             23,206           21,438           20,152
      Other Special Projects                                20-XXX-XXX-XXX             18,096
      Total Federal Projects                                                           41,302           21,438           20,152
      TOTAL GRANTS AND ENTITLEMENTS                                                    47,177           23,313           20,152

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            474,080          489,080          503,080
      TOTAL REPAYMENT OF DEBT                                                         474,080          489,080          503,080
      Total Expenditures                                                            3,389,401        3,678,653        3,668,514

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
      Local Contrib-Transfer to Grants & Entitlements       11-1XX-100-930
      Capital Reserve - Transfer to Repayment of Debt       12-000-400-933

      TOTAL EXPENDITURES NET OF TRANSFERS                                           3,389,401        3,678,653        3,668,514

                                                      CAPE MAY  -  AVALON BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2006             6/30/2007             6/30/2008             6/30/2009

      Unreserved:
        General Operating Budget                               100,000               309,737               260,352               250,000
        Repayment of Debt                                       42,962                29,770                29,770                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                        879                   879                   889               101,882
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                 25,000                72,786               133,924               293,924
            Legal Reserve                                       59,385                34,450                34,450                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 


                                                      CAPE MAY  -  AVALON BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2008 - 2009

                                                    2005-06        2006-07           2007-08       2007-08       2008-2009
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           27583           26692          29793          33252          32384
Total Classroom Instruction                                17325           17129          18638          21002          20676
Classroom-Salaries and Benefits                            15508           15507          17285          18912          19328
Classroom-General Supplies and Textbooks                    1343            1204            910           1605            904
Classroom-Purchased Services and Other                       475             418            444            484            444
Total Support Services                                      4463            4140           4602           5056           4823
Support Services-Salaries and Benefits                      3302            3069           3380           3620           3646
Total Administrative Costs                                  1385            1259           1611           1763           1658
Administration-Salaries and Benefits                         103              96             72             77             52
Total Operations and Maintenance of Plant                   3409            3137           3796           4193           4031
Operations & Maintenance of Plant-Salary & Ben.             1258            1191           1203           1337           1413
Total Food Services Costs                                    815             785            799            871            848
Total Extracurricular Costs                                  163             217            304            325            302
Total Equipment Costs                                        501             774            179            495            190
Employee Benefits as a % of Salaries                        30.4            27.6           33.6           29.5           32.3


 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 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.

                                                      CAPE MAY  -  AVALON BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               08-09 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                              CAPE MAY  -  AVALON BORO

Shared Services -- Description of Shared Services
_________________________________________________

  1. Avalon has an Interlocal Agreement with Stone HArbor BOE to share a Ch
  ief School Administrator.                                                
  2. Avalon has an Interlocal Agreemnt with Stone Harbor BOE to share a Sup
  ervisor of Curriculum and Instruction.                                   
  3. Avalon contacts it's Business Services with Salem Count SSSD.         
  4. Avalon has transportation jointures with Middle Township, Stone Harbor
  and Sea Isle schools.                                                    
  5. Avalon School had an Interlocal agreement with Avalon Fee Public Libra
  ry to share building and operational expense.                            
  6.Avalon contracts with Middle Township for it's Child Study team service
  7. Avalon shares a music teacher position with Stone Harbor and Sea Isle.
  8.Paper supplies are purchased through a consortium with Pittsgrove.     
  9. Avalon does it's Professional Development Inservices with Stone Harbor
  School teachers and shares cost.                                         
  10.Avalon and Stone Harbor School participate in assembly programs       
  together.                                                                

                              CAPE MAY  -  AVALON BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,930,133 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 )         8,702,545,700 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.0337 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               2,930,133 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 )         8,702,545,700 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.0337 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,930,133 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           8,651,232,019 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.0339 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               2,930,133 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           8,651,232,019 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.0339 (L)