HomeMy Public PortalAboutr 08:123
No.
~e~olutio1t of tIre zgorougIr of C!Ictrt.erd1 ~ ~ ~ ~
08-123 Date of Adoption May 19,
BOROUGH OF CARTERET
MIDDLESEX COUNTY, NEW JERSEY
RESOLUTION - BOARD OF EDUCATION 2008-09 SCHOOL BUDGET
WHEREAS, the legal voters of the School District of the Borough of
Cart<;ret, 111 th.e County of Middlesex and Slate of New Jersey, at an Annual District
Election Meeting conducted by the Board of Education on April 15,2008, defeated,
disapproved and rejected the Budget of the said Board of Education for the School
Year 2008-09 of those voting; and
WHEREAS, 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 Middlesel\ 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 begllming July 1, 2008 and ending June
30,2009; and .
WHEREAS, the voters rejected the following:
1.
General Fund Tax Levy
$24,123,344.00
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 $1,200,000.00, 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 2008-09;
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 2008-09 School Year be
reduced as follows:
A.
General Fund Tax Levy
$1,200,000.00
BE IT FURTHER RESOLVED that the followinl> amounts are required to
provide a thorough and efficient system of schooL and education in the district for
School Fiscal Year 2008-09 and that the following total sums are to be raised by
taxes to support the 2008-09 Budget
GENERAL FUND
DEBT SERVICE
$22,923,344.00
$1,298,805.00
BE IT FURTHER RESOLVED by the Mayor and Borough Council of the
Borough of Carteret that the attached detailed sheet of taxes for the 2008-09 Board
of Education Budget and the 2008 Tax Levy are required; and
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 .Appendlx "A" hereto is a list of
accounts and proposed additions and reductions in said accounts, which list is
incorporated herein and made part hereof.
2008
NO. 08-123
PAGE
2
1. General Fund
2. Debt Service Fund
3. Total Approved by
Mayor and Borough Council
4. Local District
School Levy for
2008-2009
SCHEDULE OF TAX REQUIREMENTS
AMOUNTREQUlRED
FOR FISCAL YEAR
2008-2009
$22,923,344.00
1,298,805.00
$24,222,149.00
AMOUNT TO BE
INCLUDED IN
2008 TAX LEVY
$23,059,433.50
1,306,494.00
$24,365,927.50
$24,222,149.00
$24,365,927.50
Adopted this 19th day of May, 2008
and certified as a true copy of the
original on May 20, 2008.
KATHLEEN M. BARNEY, MMC
Municipal Clerk
RECORD OF COUNCIL VOTE
NO NY A.B. COUNCILMAN YES NO NV. A.B.
COUNCILMAN YES
X X
COLON X X
X X
x - Indicate Vote AB ~Absent NV - Not Voting XOR -IndkatesVote to Overrule Veto
Adopted at a meeting of the Municipal Council
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/-8 CEK'
APPENDIX A
CARTERET BOARD OF EDUCATION
CARTERET. NEW JERSEY
2008-2009 BUDGET REVISIONS
REVENUE(S) - ADDITIONAL AMOUNT
10-303
BUDGETED FUND BALANCE - GENERAL FUND $ 414,400
APPROPRIATION OF GENERAL FUND SURPLUS
AS AT JUNE 30, 2008. (REPROJECTION).
THE APPROPRIATION OF SURPLUS AS AT JUNE 30,2008
DOES NOT ADVERSELY AFFECT TIlE DISTRICTS ABILITY
TO PROVIDE A lHOROUGH & EFFICIENT EDUCATION
AND MAINTAINS STABILITY FOR THE FUTURE FINANCIAL
PLANNING AND BUDGETING OF TIlE DISTRICT.
TOTAL REVENUES - ADDITIONAL $ 414.400
APPROPRlAT10N~)-DECREASE
11-000-262-
UNDIST. EXPEND. - OTHER OPER. & MAINT. OF PLANT
490-0THERPURCHASEDPROPERTYSERVICES $ 90,000
DUPLICATE 08/09 BUDGET AFPROPRIATION.
TIlE REDUCTION OF A DUPLICATED APPROPRIATION
DOES NOT ADVERSELY AFFECT THE DISTRICTS ABILITY
TO PROVIDE A lHOROUGH & EFFICIENT EDUCATION
AND MAINTAINS STABILITY FOR TIlE FUTURE FINANCIAL
PLANNING AND BUDGETING OF THE DISTRICT.
CAPITAL OUTLAY
12-000-400-780
INFRASTRUCTURE $ 695,600
BOARD TO FUND 5 YR. LEASE PURCHASE AGREEMENT.
ALTERNATE FUNDING SOURCES AND SCHEDULES
DO NOT ADVERSELY AFFECT TIlE DISTRICTS ABILITY
TO PROVIDE A THOROUGH & EFFICIENT EDUCATION .
AND MAINTAINS STABILITY FOR TIlE FUTURE FINANCIAL
PLANNING AND BUDGETING OF TIlE DISTRICT.
TOTALAPPROPRlAT10N~)-DECREASE S 785,600
GRAND TOTAL- REDUCTION GENERAL FUND LEVY $ 1,200,000
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