Delsea Regional High School District. Public Hearing on the Proposed Budget 2007-2008. Budget Goals. Minimize tax impact Comply with State mandated Core Content Standards Ensure adequate staffing to maintain apportioned class size
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Delsea Regional HighSchool District
Public Hearing on the
Delsea School District supports the following community activities:
The budget is composed of three funds:
General Fund - Fund used to record the daily operations of the district.
Debt Service Fund - Fund used to record principal and interest payments on outstanding debt (bonds sold for various construction/renovation projects).
Special Revenue Fund - Fund used to record programs which are funded solely by state and federal grant monies.
The District was awarded the following competitive grants:
Teaching American History $1,000,000 over 3 yrs
YODA (Youth Organized for Disaster Assistance) $30,000 over 3 yrs
NJ Systemic Initiative Standards Implementation $20,000
PACES (Character Through Service) $20,000over 2 yrs
Total General Fund Expenditures$24,647,448
Increase from Prior Year 652,032
Percent Increase 2.7%
special education students 255,000
pension fund 59,000
Total General Fund Revenues$24,647,448
Increase in State Aid 3%
Increase in Tax Levy 3.8%
The 2007-08 budget is $228,643 less than the maximum amount allowed by the State.
Based on the requirements of S-1701, all Districts are to maintain a fund balance (surplus funds) at 2% of the prior year’s expenditures. For the 2007-08 budget this amount is:
This is less than the average bi-weekly pay – approx. $660,000
Hiring of part-time School Psychologist (employee retired last year and was not replaced)
Hiring of part-time LD to replace retiring full time employee
Special Ed Classroom Aide – One less needed
Teaching Staff - Employees retiring and not being replaced
Taxes Per $100 of Assessed Value
Elk Township .988 .545 (44.3) ¢ *
Franklin Township 1.112 1.149 3.7¢
* Based on ratable increase, will be approx 3.6 ¢ increase for taxpayer assessed at average.
Average Ass. ValueTax RateTaxes
Tax Increase $ 83.49
$ 96,977$ 35.88
Twp Average$116,977$ 43.28
Assessed Value ($116,977)/100 = 1,169.77 units x Tax Increase (.037) = $43.28
In order to decrease the tax rate by 1 cent per
$100 of assessed value the District would need to cut from the Budget the following amounts for each township: