New Jersey Statutes 18A:6-62. Annual budget; preparation, adoption, funding
Terms Used In New Jersey Statutes 18A:6-62
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- County superintendent: means the County Superintendent of Schools. See New Jersey Statutes 18A:1-1
- District: means a school district. See New Jersey Statutes 18A:1-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Public school: means a school, under college grade, which derives its support entirely or in part from public funds. See New Jersey Statutes 18A:1-1
By January 15 prior to the adoption of the budget the board shall notify each member board of education of the fees to be charged for each service and program for the ensuing school year and of the method by which the commission expenses shall be funded.
The commission expenses may be paid from one or more of the following sources:
a. unappropriated balances from the prebudget year;
b. anticipated surpluses to be generated by fees for programs or services;
c. payments by member districts;
d. anticipated miscellaneous revenues.
If payments shall be made by member districts to pay for all or part of the commission expenses, each member district‘s share shall be determined as the proportion which the total public school enrollment in the school district on the last school day prior to October 16 of the year in which the budget is made bears to the total public school enrollment for all member districts on the last school day prior to October 16 or in any other manner agreed to by two-thirds of the members of the representative assembly. Payment of the member district’s share of the commission expense, when so determined, shall be an obligation of a member school district, and payments shall be made during the school year for which such budget shall have been made in a manner determined by the representative assembly.
L.1968,c.243,s.12; amended 1989,c.254,s.12; 1990,c.52,s.29; 1992,c.159,s.4.