03/29/2011                                          MONMOUTH  -  EATONTOWN BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2009         October 15, 2010         October 15, 2011
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       902                      877                      850





      Pupils on Roll - Special Full-Time                     196                      180                      180


      Subtotal - Pupils On Roll                              1098                     1057                     1030
      Private School Placements                                9                        8                        8





      Pupils Sent to Other Dists-Spec Ed Prog                  2                        2                        4

      Pupils Received                                          3                        2

      Pupils in State Facilities                                                        1
 


                                                     MONMOUTH - EATONTOWN BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2009-10          2010-11          2011-12
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,643,136        1,252,997
      Withdraw from Cap Res-Excess Cost & Oth Cap Prj       10-309                                     236,369
      Transfers from Other Funds                            10-5200                   148,487           18,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                13,076,199       13,076,199       13,076,199
      Interest Earned on Capital Reserve Funds              10-1XXX                       866                               100
      Unrestricted Miscellaneous Revenues                   10-1XXX                   153,357          221,504           24,261
      SUBTOTAL                                                                     13,230,422       13,297,703       13,100,560

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                    48,343           48,343           10,000
      Other State Aids                                      10-3XXX                    12,687
      Categorical Special Education Aid                     10-3132                   595,188          607,033          607,033
      Equalization Aid                                      10-3176                   216,504          627,175          627,175
      Categorical Security Aid                              10-3177                   116,996          207,224          207,224
      Adjustment Aid                                        10-3178                 1,778,954        1,605,657        1,799,300
      Categorical Transportation Aid                        10-3121                   202,475          253,371          253,371
      SUBTOTAL                                                                      2,971,147        3,348,803        3,504,103

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                   165,822          176,035           23,000
      Medicaid Reimbursement                                10-4200                    26,177           12,570           10,174
      Equalization Aid - ARRA ESF                           16-4520                    70,151
      Equalization Aid - ARRA GSF                           17-4521                     2,716
      Education Jobs Fund                                   18-4522                                                     141,429
      SUBTOTAL                                                                        264,866          188,605          174,603
      Adjustment for Prior Year Encumbrances                                                           278,524
      Actual Revenues (Over)/Under Expenditures                                     1,598,052
      TOTAL OPERATING BUDGET                                                       18,212,974       19,011,140       18,032,263
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    21,918

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                    84,834           33,623           28,395
      TOTAL REVENUES FROM STATE SOURCES                                                84,834           33,623           28,395

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              229,384          166,533          141,553
      Title II                                              20-4451-4455                                41,837           35,561
      Title III                                             20-4491-4494                                19,669           16,718
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              543,155          303,270          257,780
      Other                                                 20-4XXX                    75,322
      TOTAL REVENUES FROM FEDERAL SOURCES                                             847,861          531,309          451,612
      TOTAL GRANTS AND ENTITLEMENTS                                                   954,613          564,932          480,007
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                      26,206
      Transfers from Other Funds                            40-5200                    26,206

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,193,957        1,310,197        1,329,887
      TOTAL REVENUES FROM LOCAL SOURCES                                             1,193,957        1,310,197        1,329,887

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   813,442          688,452          685,093
      TOTAL LOCAL REPAYMENT OF DEBT                                                 2,033,605        2,024,855        2,014,980
      TOTAL REPAYMENT OF DEBT                                                       2,033,605        2,024,855        2,014,980
      TOTAL REVENUES/SOURCES                                                       21,201,192       21,600,927       20,527,250
                                                     MONMOUTH - EATONTOWN BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2009-10          2010-11         2011-12 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          6,027,041        5,872,546        5,665,998
      Special Education                                     11-2XX-100-XXX          1,562,428        1,558,951        1,621,944
      Basic Skills/Remedial                                 11-230-100-XXX            445,008          472,795          457,232
      Bilingual Education                                   11-240-100-XXX            119,489          134,485          137,801
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             89,381           78,522           71,048
      Support Services:
      Tuition                                               11-000-100-XXX            434,769          673,299          494,135
      Health Services                                       11-000-213-XXX            297,923          318,026          324,237
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            241,087          320,641          310,445
      Guidance                                              11-000-218-XXX            175,630          179,318          182,905
      Child Study Teams                                     11-000-219-XXX            653,279          664,038          671,435
      Improvement of Instructional Services                 11-000-221-XXX            133,599           51,100          104,317
      Educational Media Services - School Library           11-000-222-XXX            468,899          347,226          323,079
      Instructional Staff Training Services                 11-000-223-XXX             19,258           38,299           36,200
      General Administration                                11-000-230-XXX            425,745          473,745          460,176
      School Administration                                 11-000-240-XXX            682,306          712,663          695,021
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            325,836          445,061          331,995
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,773,923        2,139,416        1,987,452
      Student Transportation Services                       11-000-270-XXX            801,525        1,107,469          918,802
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          2,624,558        3,191,184        3,109,158
      Food Services                                         11-000-310-XXX                               2,137
      Total Support Services Expenditures                                           9,058,337       10,663,622        9,949,357
      TOTAL GENERAL CURRENT EXPENSE                                                17,301,684       18,780,921       17,903,380

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                                          100
      Equipment                                             12-XXX-XXX-73X            156,041           51,415          128,783
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            755,249          178,804
      TOTAL CAPITAL EXPENDITURES                                                      911,290          230,219          128,883
      OPERATING BUDGET GRAND TOTAL                                                 18,212,974       19,011,140       18,032,263

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             21,918
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              2,343            2,343            2,343
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             31,286
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             48,426           27,381           23,273
      Nonpublic Nursing Services                            20-XXX-XXX-XXX              2,779            2,779            2,779
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX                               1,120
      Total State Projects                                                             84,834           33,623           28,395
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            229,384          166,533          141,553
      Title II                                              20-XXX-XXX-XXX                              41,837           35,561
      Title III                                             20-XXX-XXX-XXX                              19,669           16,718
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            543,155          303,270          257,780
      Other Special Projects                                20-XXX-XXX-XXX             75,322
      Total Federal Projects                                                          847,861          531,309          451,612
      TOTAL GRANTS AND ENTITLEMENTS                                                   954,613          564,932          480,007

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          2,033,605        2,024,855        2,014,980
      TOTAL REPAYMENT OF DEBT                                                       2,033,605        2,024,855        2,014,980
      Total Expenditures                                                           21,201,192       21,600,927       20,527,250

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
                                                            11-1XX-100-930
      Capital Reserve - Transfer to Repayment of Debt       12-000-400-933
      Transfer Property Sale Proceeds to Debt Svc Res       11-000-520-934

      TOTAL EXPENDITURES NET OF TRANSFERS                                          21,201,192       21,600,927       20,527,250
 

                                                     MONMOUTH  -  EATONTOWN BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2009             6/30/2010             6/30/2011             6/30/2012

      Unassigned:
        General Operating Budget                               737,941             1,008,712             1,366,112               366,112
        Repayment of Debt                                       26,206                26,206                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    320,361               321,227                84,858                84,958
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    2,350,579             1,453,533               252,997                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                     MONMOUTH  -  EATONTOWN BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2011 - 2012

                                                    2008-09        2009-10           2010-11       2010-11       2011-2012
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           13704           14617          15550          16033          15912
Total Classroom Instruction                                 8420            9061           9602           9670           9692
Classroom-Salaries and Benefits                             7832            8492           9059           9055           9213
Classroom-General Supplies and Textbooks                     513             443            419            432            405
Classroom-Purchased Services and Other                        75             126            124            184             74
Total Support Services                                      2042            2215           2226           2276           2363
Support Services-Salaries and Benefits                      1898            2095           1984           2019           2110
Total Administrative Costs                                  1521            1558           1743           1880           1754
Administration-Salaries and Benefits                        1187            1332           1399           1474           1401
Legal Costs                                                    0              45             70             71             76
Total Operations and Maintenance of Plant                   1583            1655           1839           2063           1969
Operations & Maintenance of Plant-Salary & Ben.              139             172            168            171            179
Total Food Services Costs                                      0               0              0              2              0
Total Extracurricular Costs                                  106              96             86             88             81
Total Equipment Costs                                        172             143             45             49            125
Employee Benefits as a % of Salaries                        21.6            24.0           29.6           30.0           29.4


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2011 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 2010-11 revised appropriations and 2011-12 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               11-12 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                             MONMOUTH  -  EATONTOWN BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Maintenance of Grounds - DPW does all grounds work                       
  Student Transportation - MOESC  - Monmouth Regional                      
  Natural Gas - ACES                                                       
  Electricity - ACES                                                       

                             MONMOUTH  -  EATONTOWN BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 11-12 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       13,076,199 (A)
Estimated Net Taxable Valuation (as of 10/01/2010 )         2,129,764,241 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100           0.6140 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              14,406,086 (D)
Estimated Net Taxable Valuation (as of 10/01/2010 )         2,129,764,241 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100                  0.6764 (F)


B. Estimated 11-12 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       13,076,199 (G)
Estimated Equalized Valuation (as of 10/01/2010 )           2,399,031,557 (H)
Estimated 11-12 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5451 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              14,406,086 (J)
Estimated Equalized Valuation (as of 10/01/2010 )           2,399,031,557 (K)
Estimated 11-12 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6005 (L)

                             MONMOUTH  -  EATONTOWN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Scott T. McCue           
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     145,000
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           01/01/2011
   Ending Date of Contract              06/30/2015
   Annual Work Days                     240
   Annual Vacation Days                  22
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             MONMOUTH  -  EATONTOWN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Charles F. Shay          
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                      78,500
 FTE                                    0.6
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     150
   Annual Vacation Days                   0
   Annual Sick Days                       2
   Annual Personal Days                   0
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             MONMOUTH  -  EATONTOWN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Susan Berry              
 Job Title                              Administrative Assistant      
                                                                      
 Base Annual Salary                      81,859
 FTE                                    0.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   Annual Vacation Days                  22
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             MONMOUTH  -  EATONTOWN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Gardner Gilsey           
 Job Title                              Coordinator/Dir./Mgr./Supvr.  
                                                                      
 Base Annual Salary                      85,280
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   Annual Work Days                     260
   Annual Vacation Days                  10
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments