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Home My Public Portal Aboutr 09:109 RESOLUTION #09-109 BOROUGH OF CARTERET MIDDLESEX COUNTY. NEW JERSEY RESOLUTION - BOARD OF EDUCATION 2009-10 SCHOOL BUDGET WHEREAS, the legal voters of the School District of the Borough of Carteret, in the County of l'vliddIesex and State of New Jersey, at an Annual District Election Meeting conducted by the Board of Education on April 21, 2009, defeated, clisapproved and rejected the Budget of the said Board of Education for the School Year 2009-10 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 Middlesex County Board of Taxation the amount or amounts which it determines necessary to provide a thorough and efficient system of schools of said clistrict for the school year beginning July 1, 2009 and encling June 30, 2010; and WHEREAS, the voters rejected the following: 1. General Fund Tax Levy $23,840,278.00 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 budgett item 1 above, should be reduced by $1,650,000.00, as Detailed on Appenclix "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 clistrict for the school year 2009-10; 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 2009-10 School Year be reduced as follows: A. General Fund Tax Levy $1,650,doo.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 2009-10 and that the following total sums are to be raised by taxes to support the 2009-10 Budget GENERAL FUND DEBT SERVICE $22,190,278.00 $1,466,288.00 BE IT FUR1HER RESOLVED by the Mayor and Borough Council of the Borough of Carteret that the attached detailed sheet of taxes for the 2009-10 Board of Education Budget and the 2009 Tax Levy are required; and BE IT FUR1HER 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 FUR1HER RESOLVED that attached Appenclix "A" hereto is a list of accounts and proposed additions and reductions in said accounts, which list is incorporated herein and made part hereof. -2- SCHEDULE OF TAX REOUlREIYlENTS 1. General Fund 2. Debt Service Fund 3. Total Approved by Mayor and Borough Council 4. Local District School Levy for 2009-2010 AMOUNT REQUlRED FOR FISCAL YEAR 2009-2010 $22,190,278.00 1,466,288.00 $23,656,566.00 ANIOUNT TO BE INCLUDED IN 2009 TAX LEVY $22,556,811.00 1,382,546.50 $23,939,357.50 $23,656,566.00 $23,939,357.50 Adopted this 19th day of May, 2009 and certified as a true copy of the original on May 20, 2009. KATHLEEN M. BARNEY, MMC Municipal Clerk COUNCILt.1AN YES NO NY A.B. COUNCILMAN YES NO NY A.B. BELLINO X ~.~ v CDLON y " M'"'"" v 01" y "T~'P7 Y X-Indic.1teVote AB-Absent NV - Not VOlrng XOR -Indicates Vote 10 Overrule Veto Adopted at a meeting of the Municipal Council ~~a~~009 1.vL. LL! ~-'L CLERK RECORD OF COUNCIL VOTE 0--- CARTERET BOARD OF EDUCATION CARTERET. NEW JERSEY 2009-2010 BUDGET REVISIONS REVENUE(S) -ADDITIONAL, 10-1XXX UNRESTRICTED~nSCELLANEOUSREYNUES APPROPRIATION OF ADDlTlONAL MISCELLANEOUS REVENUES FOR THE SY2009120IO BUDGET. BASED ON ACTUAL & PROJECTED MISCELLANEOUS REVENUES FOR THE 200812009 FISCAL YEAR. 1BE APPROPRIATION OF ADDITIONAL MISCELLANEOUS REVENUE DOES NOT ADVERSELY AFFECT THE DISTRICrS ABILITY TO PROVIDE A THOROUGH & EFFICIENT EDUCATION AND MAINTAINS STABILITY FOR THE FUTURE FINANCIAL PLANNING AND BUDGETING OF THE DISTRICT. TOTAL REVENUES -ADDITIONAL APPROPRIATION(S) - DECREASE, 11-120-100-101 GRADES1~-SALARIESOFTEACHERS REDUCTION IN APPROPRIATION BASED UPON 200812009 REVISED BUDET AMOUNTS AT PROJECTED 200912010 INCREASE. REDUCTION IN SALARY - SUBSTITUTES & SALARY - EXRA COMPENSATION BASED ON PROJECTED 200812009 EXPENDITURES AT 200912010 INCREASE. THE ABOVE REDUCTION OF GRADES 1-5 - SALARIES OF TEACHERS DOES NOT ADVERSELY AFFECT THE DISTRICrS ABILITY TO PROVIDE A THOROUGH & EFFICIENT EDUCATION AND MAINTAINS STABILITY FOR THE FUTURE FlNANCIAL PLANNlNG AND BUDGETING OF THE DISTRICT. 11-130-100-101 GRADES 6-8 - SALARIES OF TEACHERS REDUCTION IN APPROPRIATIONS BASED UPON 200812009 REVISED BUDET AMOUNTS AT PROJECTED 200912010 INCREASE. REDUCTION IN SALARY - SUBSTITUTES & SALARY - EXRA COMPENSATION BASED ON PROJECTED 200812009 EXPENDITURES AT 200912010 INCREASE. THE ABOVE REDUCTION OF GRADES 6-8 - SALARIES OF TEACHERS DOES NOT ADVERSELY AFFECT THE DISTRICrS ABILITY TO PROVIDE A THOROUGH & EFFICIENT EDUCATION AND MAINTAINS STABILITY FOR THE FUTURE FINANCIAL PLANNING AND BUDGETlNG OF THE DISTRICT. Page 1 of2 APPENDLXA AMOUNT $ 50.000 $ 50.000 $ 85,000 $ 85,000 . ' APPENDIX A CARTERET BOARD OF EDUCATION CARTERET. NEW JERSEY 2009-2010 BUDGET REVISIONS 11-140-100-101 GRADES 9-12 - SALARIES OF TEACHERS $ 125,000 REDUCTION IN APPROPRIATIONS BASED UPON 2008/2009 REVfSED BUDET AMOUNTS AT PROJECTED 200912010 INCREASE. REDUCTION IN SALARY - SUBST[TUTES & SALARY - EXRA COMPENSATION BASED ON PROJECTED 200812009 EXPENDITURES AT 2009/2010 INCREASE. SAVINGS ON NOTIFICATfON OF RETIREMENT IN THE fuv[OUNTOF $37,000 11-000-291-250 UNEMPLOYMENT COMPENSATION $ [05,000 REDUCTfON BASED ON PROJECTED FIDUCIARY FUND NET ASSETS AS AT JUNE 30, 2009 IN EXCESS OF ESTIMATED 09110 EXPENDITURES. THE REDUCTION OF THE UNEMPLOYMENT COMPENSATION APPROPRlATfON DOES NOT ADVERSELY AFFECT THE DISTRlCT'S ABILITY TO PROVIDE A THOROUGH & EFFICIENT EDUCATION AND MAINTAINS STABILlTY FOR THE FUTURE FINANCIAL PLANNING AND BUDGETING OF THE DISTRICT. 11-000-291-270 HEALTH BENEFITS $ 1,200,000 SAVINGS ON CONVERSION TO THE NEW JERSEY STATE HEALTH BENEFITS PLAN. THE REDUCTION OF THE HEALTIl BENEFITS APPROPRIATION DOES NOT ADVERSELY AFFECT THE DISTRlCTS ABILITY TO PROVIDE A THOROUGH & EFFICIENT EDUCATION AND MAINTAINS STABILlTY FOR THE FUTURE FINANCIAL PLANNING AND BUDGETING OF THE DISTRICT. TOTALAPPROPRlATION(S) - DECREASE $ 1.600.000 GRAND TOTAL-REDUCTION GENERAL FUND LEVY $ 1.650.000 Page 2 of2