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Home My Public Portal Aboutr 04:163 RESOLUTION #04-163 BOROUGH OF CARTERET MIDDLESEX COUNTY~ NEW JERSEY RESOLUTION - BOARD OF EDUCATION 2004-05 SCHOOL BUDGET WHEREAS, the Carteret Board of Education failed to adopt their advertised 2004- 2005 Budget at the March 29, 2004 public hearing; and WltEREAS, as a result of the Carteret Board of Education's failure to adopt a budget as required by N.J.S.A. 18A: 7F-5 and 6 within the required timeframes under the law, the authority and decision making capacity shifted from the Carteret Board of Education to the State Commissioner of Education; and WHEREAS, the State Commissioner of Education has delegated the authority to the Middlesex County Superintendent of Schools and, accordingly, the Middlesex County Superintendent of Schools presented a budget to the voters of the Borough of Carteret; and WHEREAS, the legal voters of the School District of the Borough of Carteret, in the County of Middlesex and State of New Jersey, at an Annual District Election Meeting conducted by the Board of Education on April 20, 2004, defeated, disapproved and rejected the Budget of the said Board of Education for the School Year 2004-05 of those voting; and WItEREAS, as a result of such rejection of said Budget, the legal obligation devolved upon the Governing Body of the Borough of Carteret pursuant to Revised Statute 18:22-37 to certify to the Middlesex County Board of Taxation the amount or amounts which it determines necessary to provide a thorough and efficient system of schools of said district for the school year beginning July 1, 2004 and ending June 30, 2005; and WHEREAS, the voters rejected the following: 1. General Fund Tax Levy $21,220,574.00 WHEREAS, the Mayor and Borough Council of the Borough of Carteret, Middlesex County, after considering and reviewing the budget of the Board of Education as originally proposed is of the opinion that said budget, item 1 above, should be reduced by $1,100,000.00, as Detailed on Appendix "A", and that the amounts included in this section in their resolution are deemed to provide a thorough and efficient system of school and education in said district for the school year 2004-05; NOW, THEREFORE, BE IT RESOLVED by the Mayor and Borough Council of the Borough of Carteret, County of Middlesex, State of New Jersey, that the Carteret Borough Board of Education Budget Tax for the 2004-05 School Year be reduced as follows: A. General Fund Tax Levy $1,100,000.00 BE IT FURTHER RESOLVED that the following amounts are required to provide a thorough and efficient system of school and education in the district for School Fiscal Year 2004-05 and that the following total sums are to be raised by taxes to support the 2004-05 Budget GENERAL FUND $20,120,574.00 DEBT SERVICE $1,331,183.00 BE IT FURTHER RESOLVED by the Mayor and Borough Council of the Borough of Carteret that the attached detailed sheet of taxes for the 2004-05 Board of Education Budget and the 2004 Tax Levy are required; and ~o. 04-163 ?^6E 2 BE IT FURTHER RESOLVED that certified copies of this resolution be delivered to the Middlesex County Board of taxation and the Carteret Borough Board of Education; and BE IT FURTHER RESOLVED that attached Appendix "A" hereto is a list of accounts and proposed additions and reductions in said accounts, which list is incorporated herein and made part hereof. Adopted this 18th day of May, 2004 and certified as a true copy of the original on May 19, 2004. KATHLEEN M. BARNEY, RMC/CMC Municipal Clerk RECORD OF COUNCIl, VOTE TL X - lndicaie Vote AB - Absenl NV - Not VoOng XOR - Indicmes Vote to Overrule Adopted at a meeting of the Municipal Council . __ May 18~ 2004 SCHEDULE OF TAX REQUIREMENTS AMOUNT REQUIRED AMOUNT TO BE FOR FISCAL YEAR INCLUDED IN 2004-2005 2004 TAX LEVY 1. General Fund $20,120,574.00 $19,179,937.00 2. Debt Service Fund $1,331,183.00 $ 1,225,993.50 3. Total Approved by Mayor and Borough Council $21,451,757.00 $20,405,931.00 4. Local District School Levy for 2004-2005 $21,451,757.00 $20,405,931.00 APPENDIX A CARTERET BOARD OF EDUCATION CARTERET. NEW JERSEY PROPOSED 2004-2005 BUDGET REVISIONS REVENUES - ADDITIONAL AMOUNT 10-303 BUDGETED FUND BALANCE - GENERAL FUND $ 491,000 RE-PROJECTION OF SURPLUS 1N EXCESS OF 3% FOR THE SCHOOL YEAR ENDED JUNE 30, 2004 AS OF MAY 17, 2004. 10-1XXX UNRESTRICTED MISCELLANEOUS REVENUES $ 30~000 INCREASE FOR OTHER ADDITIONAL RECURRING REVENUE NOT BUDGETED TOTAL REVENUES - ADDITIONAL $ 521,000 APPROPRIATIONS - DECREASE 11-120-100-101 REGULAR PROGRAMS - INSTRUCTION GRADES 1-5 - SALARIES OF TEACHERS, EXTRA COMPENSATION $ 60,000 EXCESS APPROPRIATION "EXTRA COMPENSATION" BASED UPON 2003-04 ACTUAL AS AT MAY 17, 2004, PLUS PROJECTED INCREASE. (ACCOUNT # 11-120-100-101-108) 11-190-100-610 REGULAR PROGRAMS - UNDISTRIBUTED INSTR. - GENERAL SUPPLIES $ 45,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED INCREASE. 11-000-230-890 UNDIST. EXPEND. - SUPPORT SERV. - GENERAL ADMIN. - MISCELLANEOUS EXPENDITURES $ 30,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED INCREASE. 11-000-230-590 UNDIST. EXPEND. - SUPPORT SERV. - GENERAL ADMIN. - OTHER PURCHASED SERVICES $ 12,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED INCREASE. 11-000-240-600 UNDIST. EXPEND. - SUPPORT SERV. - SCHOOL ADMIN. - SUPPLIES AND MATERIALS $ ! 0,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED INCREASE. Page 1 of 2 11-000-240-800 UNDIST. EXPEND. - SUPPORT SERV. - SCHOOL ADMIN. - OTHER OBJECTS $ 3,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED iNCREASE. 11-000-261-610 UNDIST. EXPEND. - REQUIRED MAINT. FOR SCHOOL FACILITIES - GENERAL SUPPLIES $ 35,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED iNCREASE. 11-000-262-610 UNDIST. EXPEND. - OTHER OPER. & MAINT. OF PLANT $ 15,000 FACILITIES - GENERAL SUPPLIES EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED iNCREASE. 11-000-262-800 UNDIST. EXPEND. - OTHER OPER. & MAINT. OF PLANT FACILITIES - OTHER OBJECTS $ 35,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED iNCREASE. 11-000-270-890 UNDIST. EXPEND. - STUDENT TRANSPORTATION SERVICES - MISCELLANEOUS EXPEND. $ 4,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL, PLUS PROJECTED INCREASE. 11-000-291-250 UNALLOC. BENEFITS - EMPLOYEE BENEFITS- UNEMPLOYMENT COMPENSATION $ 10,000 2003-04 BUDGET IS $4,000 AND NO EXPENDITURES HAVE BEEN iNCURRED AS OF APRIL 28, 2004. APPROPRIATION IS EXCESSIVE, DISTRICT REPORTS $233,939.00 UNEMPLOYMENT COMPENSATION NET ASSETS AT JUNE 30, 2003. 11-000-291-270 UNALLOC. BENEFITS - EMPLOYEE BENEFITS- HEALTH BENEFITS $ 250,000 EXCESS APPROPRIATION BASED UPON 2003-04 PROJECTED ACTUAL AND PROVIDER PROJECTED PREMiUM INCREASE. 12-000-260-730 CAPITAL OUTLAY - EQUIPMENT UNDISTRUTED EXP. - OPERATION & MAINT OF PLANT SERV. $ 70,000 3 YR. LEASE PURCHASE OPTION OF COMPUTERJCOMPUTER EQUIPMENT. BOARD SECRETARY HAS REVIEWED FiNANCiNG OPTION. TOTAL APPROPRIATIONS - DECREASE $ 579,000 GRAND TOTAL $ 1~100,000 Page 2 of 2