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
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: