06/11/2008                                          MONMOUTH  -  EATONTOWN BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       989                      953                      968


      Pupils on Roll - Special Full-Time                     185                      181                      172

      Private School Placements                               13                       13                       20

      Pupils Sent to Other Districts-Reg Prog                                           1
      Pupils Sent to Other Dists-Spec Ed Prog                  2                        4                        1
 


                                                     MONMOUTH - EATONTOWN BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,112,720        3,033,100
      Withdraw from Cap Res-Excess Cost & Oth Cap Prj       10-309                                         120

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                12,689,970       12,947,762       12,859,451
      Interest Earned on Capital Reserve Funds              10-1XXX                     5,857              120
      Unrestricted Miscellaneous Revenues                   10-1XXX                   959,973          171,689          200,000
      SUBTOTAL                                                                     13,655,800       13,119,571       13,059,451

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   301,183          301,183
      Special Education Aid                                 10-3130                   972,177          972,177
      Bilingual Education                                   10-3140                    35,058           35,058
      Stabilization Aid                                     10-3171                 2,381,780        2,381,780
      Extraordinary Aid                                     10-3131                    22,258                             8,301
      Consolidated Aid                                      10-3195                   126,851          126,851
      Additional Formula Aid                                10-3196                                    116,527
      Other State Aids                                      10-3XXX                    11,097
      Categorical Special Education Aid                     10-3132                                                     601,309
      Equalization Aid                                      10-3176                                                   1,155,742
      Categorical Security Aid                              10-3177                                                     159,954
      Adjustment Aid                                        10-3178                                                   2,083,576
      Categorical Transportation Aid                        10-3121                                                     266,931
      SUBTOTAL                                                                      3,850,404        3,933,576        4,275,813

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                   332,415          250,000          250,000
      SUBTOTAL                                                                        332,415          250,000          250,000
      Adjustment for Prior Year Encumbrances                                                           315,675
      Actual Revenues (Over)/Under Expenditures                                    -1,413,936
      TOTAL OPERATING BUDGET                                                       16,424,683       18,731,662       20,618,364
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    34,111

      Revenues from State Sources:                                         
      Instructional Supplement Aid - Pr Yr Carryover        20-3214                    64,788
      Instructional Supplement Aid                          20-3214                    67,182           67,182
      Other Restricted Entitlements                         20-32XX                   151,784          138,724          124,224
      TOTAL REVENUES FROM STATE SOURCES                                               283,754          205,906          124,224

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              191,550          115,447          103,294
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              362,460          364,721          310,013
      Other                                                 20-4XXX                    72,812           36,094           50,946
      TOTAL REVENUES FROM FEDERAL SOURCES                                             626,822          516,262          464,253
      TOTAL GRANTS AND ENTITLEMENTS                                                   944,687          722,168          588,477
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                     400,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                                  1,232,959        1,224,738
      Miscellaneous                                         40-1XXX                   400,000
      TOTAL REVENUES FROM LOCAL SOURCES                                               400,000        1,232,959        1,224,738

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                                  1,088,636          816,492
      TOTAL LOCAL REPAYMENT OF DEBT                                                   400,000        2,721,595        2,041,230
      Actual Revenues (Over)/Under Expenditures                                      -400,000
      TOTAL REPAYMENT OF DEBT                                                                        2,721,595        2,041,230
      TOTAL REVENUES/SOURCES                                                       17,369,370       22,175,425       23,248,071
                                                     MONMOUTH - EATONTOWN BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2006-07          2007-08         2008-09 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          5,553,105        6,258,622        6,303,136
      Special Education                                     11-2XX-100-XXX          1,246,084        1,383,234        1,444,463
      Basic Skills/Remedial                                 11-230-100-XXX            428,837          542,349          618,445
      Bilingual Education                                   11-240-100-XXX            101,379          118,374          119,751
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             88,886          140,818          144,746
      Support Services:
      Tuition                                               11-000-100-XXX            485,605          568,036          749,879
      Health Services                                       11-000-213-XXX            246,578          265,792          273,930
      Students - Related & Extraordinary                    11-000-216,217            313,912          270,391          273,434
      Guidance                                              11-000-218-XXX            156,694          165,120          171,732
      Child Study Teams                                     11-000-219-XXX            610,050          660,955          677,859
      Improvement of Instructional Services                 11-000-221-XXX            133,538          151,899          155,560
      Educational Media Services - School Library           11-000-222-XXX            428,842          472,930          478,876
      Instructional Staff Training Services                 11-000-223-XXX             13,671           56,840           61,000
      General Administration                                11-000-230-XXX            576,381          609,405          559,586
      School Administration                                 11-000-240-XXX            725,975          720,175          659,646
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            320,691          440,239          437,639
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,569,567        2,156,427        2,163,765
      Student Transportation Services                       11-000-270-XXX            896,335        1,043,907        1,046,465
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          2,523,210        2,599,129        2,526,926
      Total Support Services Expenditures                                           9,001,049       10,181,245       10,236,297
      TOTAL GENERAL CURRENT EXPENSE                                                16,419,340       18,624,642       18,866,838

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                         120
      Equipment                                             12-XXX-XXX-73X              5,343          106,900
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                                            1,751,526
      TOTAL CAPITAL EXPENDITURES                                                        5,343          107,020        1,751,526
      OPERATING BUDGET GRAND TOTAL                                                 16,424,683       18,731,662       20,618,364

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             34,111
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX            128,027           67,182
      Support Services                                      20-214-200-XXX              3,943
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                              131,970           67,182
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              7,423              950              950
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             44,744          121,282          121,282
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             77,189
      Nonpublic Nursing Services                            20-XXX-XXX-XXX              9,876            1,312            1,312
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              5,320              680              680
      Other Special Projects                                20-XXX-XXX-XXX              7,232           14,500
      Total State Projects                                                            283,754          205,906          124,224
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            191,550          115,447          103,294
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            362,460          364,721          310,013
      Other Special Projects                                20-XXX-XXX-XXX             72,812           36,094           50,946
      Total Federal Projects                                                          626,822          516,262          464,253
      TOTAL GRANTS AND ENTITLEMENTS                                                   944,687          722,168          588,477

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX                           2,721,595        2,041,230
      TOTAL REPAYMENT OF DEBT                                                                        2,721,595        2,041,230
      Total Expenditures                                                           17,369,370       22,175,425       23,248,071

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
      Local Contrib-Transfer to Grants & Entitlements       11-1XX-100-930
      Capital Reserve - Transfer to Repayment of Debt       12-000-400-933

      TOTAL EXPENDITURES NET OF TRANSFERS                                          17,369,370       22,175,425       23,248,071

                                                     MONMOUTH  -  EATONTOWN BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2006             6/30/2007             6/30/2008             6/30/2009

      Unreserved:
        General Operating Budget                             1,138,889               871,888             2,300,735               700,735
        Repayment of Debt                                            0               400,000                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                      6,244               212,101               212,101               212,101
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    1,065,095             2,368,195             1,433,100                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                     MONMOUTH  -  EATONTOWN BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2008 - 2009

                                                    2005-06        2006-07           2007-08       2007-08       2008-2009
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           12775           12623          13532          14982          14874
Total Classroom Instruction                                 7751            7658           8123           8924           8921
Classroom-Salaries and Benefits                             7375            7359           7501           8086           8169
Classroom-General Supplies and Textbooks                     321             282            607            822            621
Classroom-Purchased Services and Other                        55              17             15             17            132
Total Support Services                                      1954            1938           2070           2165           2186
Support Services-Salaries and Benefits                      1727            1776           1828           1901           1939
Total Administrative Costs                                  1751            1589           1616           1796           1656
Administration-Salaries and Benefits                        1115            1193           1118           1234           1207
Total Operations and Maintenance of Plant                   1204            1320           1553           1911           1926
Operations & Maintenance of Plant-Salary & Ben.                0              21             47             51            154
Total Food Services Costs                                      1               0              0              0              0
Total Extracurricular Costs                                   86              88            134            145            147
Total Equipment Costs                                          0               5             87             94              0
Employee Benefits as a % of Salaries                        23.0            24.7           24.2           24.4           23.0


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2008 Comparative Spending Guide and can be found on the Department of Education's Internet address:
 http://www.state.nj.us/ education under Finance, when available.  This publication is available in the board office and public
 libraries.  The same calculations were performed using the 2007-08 revised appropriations and 2008-09 budgeted appropriations
 presented in this advertised budget.  Total Comparative Per Pupil Cost is defined as current expense exclusive of tuition
 expenditures, transportation, residential costs, and judgments against the school district. For all years, it also
 includes the restricted entitlement aids.  With the exception of Total Equipment Cost, each of the other per pupil cost
 calculations presented is a component of the total comparative per pupil cost, although all components are not shown.

                                                    MONMOUTH  -  EATONTOWN BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               08-09 Amount           Description of circumstances
                Approp. Due to    

    00121   SALE OF STEELMAN ADM BLDG            1,400,000                                               
    08300                                        1,400,000       Central Office Construction             


Total Unusual Revenues: 
                           1,400,000                   Total Unusual Appropriations:       1,400,000

                             MONMOUTH  -  EATONTOWN BORO

Shared Services -- Description of Shared Services
_________________________________________________

  1. Township agreements for refuse collections in exchange for use of     
  facilities for recreational programs and community informational events. 
  2. Purchasing cooperative with Monmouth Ocean Educational Services       
  Commission for the purchase of printer/toner ink.                        
  3. Participate in the NJASBO ACT Program for local dial tone and long    
  distance telephone services.                                             
  4. Participation in transporation jointures with Monmouth Ocean          
  Educational Service Commission, and the Monmouth Regional Board of       
  Education.                                                               
  5. Participation in ACES for the purchase of natural gas.                
  6. Contract with MOESC for the administration of the following           
  State, Federal Grants/Programs:                                          
   a. Non Public Nursing, Technology, Textbooks                            
   b. Chapters 192/193                                                     
   c. IDEA Basic and Preschool.                                            
  7. Contract with MOESC for various training:                             
   a. Illegal Harrassment and Bullying                                     
   b. Regional Professional Development Academy Participation.             
  8. Agreement with Monmouth Regional for use of PAC Center                
   for graduation and Annual Drama Club Production.                        
  9. Agreement with the Borough of Eatontown to share with their Code Red  
    Notification System(Reverse 911)                                       

                             MONMOUTH  -  EATONTOWN BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       12,859,451 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )         2,490,880,992 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.5163 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              14,084,189 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )         2,490,880,992 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.5654 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       12,859,451 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           2,419,254,321 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5315 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              14,084,189 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           2,419,254,321 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5822 (L)