Board of Education returns additional state aid to taxpayers

August 25, 2017

The Board of Education approved the following resolution at its public meeting on July 25, 2017:

WHEREAS, the 2017-2018 budget was approved by the Board of Education on April 25, 2017; and


WHEREAS, the State of New Jersey adopted the Appropriations Act on July 4, 2017; and


WHEREAS, the act increased the 2017-2018 school year state aid for Newton Board of Education by $221,748; and


WHEREAS on July 14, 2017 the New Jersey Department of Education has granted approval pursuant to N.J.A.C. 6A:23 A-13.3(d) for a district to appropriate unbudgeted state aid;


NOW THEREFORE BE IT RESOLVED that as permitted by N.J.S.A. 18A:22-8.1, Newton Board of Education will apply the entire $221,748 of additional state aid toward tax relief, reducing the 2017-2018 school year budget levy to $12,658,194; and


BE IT FURTHER RESOLVED that revised A4F's will be distributed as soon as possible to the following:  County Board of Taxation, Newton Tax Assessor, NJ Division of Local Governmental Services, Newton Town Clerk and the Executive County Superintendent; and


BE IT FURTHER RESOLVED that the following is the revised 2017-2018 school district budget:

Anticipated Enrollment                 1551  
   
Expenditures                                                                 Revenue
   
Charter Schools                         $88,674                     General Fund
General Current Expense $26,584,267                     Budgeted Fund Balance     $321,359
Capital Outlay                           $639,035                    Local Tax Levy                 $12,658,194
Special Revenue Fund             $588,015                    Misc. Revenue                       $146,527
Repayment of Debt                 $531,538                    Tuition                                 $7,331,889
     Extraordinary                         $50,000
     State Aid                            $6,165,257
     Capital Reserve                   $601,421
     SEMI                                        $37,329

Total Expenditures             $28,431,529                     Special Revenue Fund
                                                                                                  State                                               $0
                                                                                                  Federal                               $588,015


                                                                                          Debt Service Fund                                                                                                                                                                Budgeted Fund Balance      $5,996                                                                                                                              Local Tax Levy                   $525,542                                                                                                                              State Aid                                         $0

                                                                                              Total Revenue                   $28,431,529


BE IT FURTHER RESOLVED to acknowledge that the 2017-18 budget as described above results in a general fund tax levy of $12,658,194 and;


BE IT FURTHER RESOLVED that travel (current expense and special revenue accounts) for all teachers, administrators and Board of Education members shall not exceed $16,069 for the 2017-18 school year, and;


BE IT FURTHER RESOLVED that legal fees shall not exceed $41,250 for the 2017-18 school year, and;


BE IT FURTHER RESOLVED that $601,421 shall be withdrawn from Capital Reserve and used towards the cost of the following projects:  (a) Newton High School nurse’s office ($80,000); (b) Newton High School auditorium lighting and sound upgrade ($350,000); (c) demolition of house on West End Avenue property ($171,421).