03/26/2008                                         PASSAIC  -  WEST MILFORD TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      3712                     3640                     3593


      Pupils on Roll - Special Full-Time                     675                      669                      656
      Pupils on Roll - Special Shared-Time                     9                        3                        2
      Private School Placements                               59                       61                       64

      Pupils Sent to Other Districts-Reg Prog                                           1                       10
      Pupils Sent to Other Dists-Spec Ed Prog                  6                        5                       11
      Pupils Received                                         14                       10                       19
      Pupils in State Facilities                               1                        1                        1
 


                                                    PASSAIC - WEST MILFORD TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     890,000          850,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                42,868,997       44,904,812       45,830,611
      Tuition                                               10-1300                   261,506          300,500          215,000
      Transportation Fees from Other LEAs                   10-1420-1440               74,253           40,000           50,000
      Interest Earned on Capital Reserve Funds              10-1XXX                     4,736            1,000            1,500
      Unrestricted Miscellaneous Revenues                   10-1XXX                   309,639          504,748          250,000
      SUBTOTAL                                                                     43,519,131       45,751,060       46,347,111

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 8,722,850        8,722,850
      Transportation Aid                                    10-3120                 1,553,416        1,553,416
      Special Education Aid                                 10-3130                 2,442,597        2,442,597
      Bilingual Education                                   10-3140                     7,116            7,116
      Stabilization Aid                                     10-3171                   799,098          799,098
      Extraordinary Aid                                     10-3131                   252,512                           494,470
      Consolidated Aid                                      10-3195                   521,828          521,828
      Additional Formula Aid                                10-3196                   421,407          855,456
      Other State Aids                                      10-3XXX                    58,964           58,964
      Categorical Special Education Aid                     10-3132                                                   2,221,529
      Equalization Aid                                      10-3176                                                  12,305,682
      Categorical Security Aid                              10-3177                                                     309,672
      Categorical Transportation Aid                        10-3121                                                   1,378,747
      SUBTOTAL                                                                     14,779,788       14,961,325       16,710,100

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                     3,260
      SUBTOTAL                                                                          3,260
      Adjustment for Prior Year Encumbrances                                                           138,953
      Actual Revenues (Over)/Under Expenditures                                        83,545
      TOTAL OPERATING BUDGET                                                       58,385,724       61,741,338       63,907,211
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                                     20,000

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                   108,256          103,761           87,796
      TOTAL REVENUES FROM STATE SOURCES                                               108,256          103,761           87,796

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              342,943          423,054          314,592
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              984,403        1,099,046          832,197
      Other                                                 20-4XXX                   165,331          198,607          143,620
      TOTAL REVENUES FROM FEDERAL SOURCES                                           1,492,677        1,720,707        1,290,409
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,600,933        1,844,468        1,378,205
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   476,080          461,728          400,118
      TOTAL REVENUES FROM LOCAL SOURCES                                               476,080          461,728          400,118

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                    83,076           59,332            9,644
      TOTAL LOCAL REPAYMENT OF DEBT                                                   559,156          521,060          409,762
      Actual Revenues (Over)/Under Expenditures                                        43,508
      TOTAL REPAYMENT OF DEBT                                                         602,664          521,060          409,762
      TOTAL REVENUES/SOURCES                                                       60,589,321       64,106,866       65,695,178
                                                    PASSAIC - WEST MILFORD TWP

                                                   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         19,515,247       20,244,907       20,315,543
      Special Education                                     11-2XX-100-XXX          5,280,922        5,432,548        5,959,423
      Basic Skills/Remedial                                 11-230-100-XXX            642,299          708,295          688,195
      Bilingual Education                                   11-240-100-XXX             62,730           69,200           76,750
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            135,944          122,469          128,512
      School Sponsored Athletics                            11-402-100-XXX            612,535          654,269          662,715
      Support Services:
      Tuition                                               11-000-100-XXX          2,902,993        3,197,685        3,145,852
      Attendance and Social Work Services                   11-000-211-XXX            116,915          122,640          127,425
      Health Services                                       11-000-213-XXX            552,290          592,858          628,674
      Students - Related & Extraordinary                    11-000-216,217          1,071,342        1,136,553        1,136,192
      Guidance                                              11-000-218-XXX          1,050,360        1,091,009        1,097,045
      Child Study Teams                                     11-000-219-XXX          1,548,146        1,727,658        1,848,970
      Improvement of Instructional Services                 11-000-221-XXX            735,730          880,395          953,283
      Educational Media Services - School Library           11-000-222-XXX            673,732          672,465          696,696
      Instructional Staff Training Services                 11-000-223-XXX             46,245           55,714           74,793
      General Administration                                11-000-230-XXX            960,304        1,140,961        1,139,740
      School Administration                                 11-000-240-XXX          2,302,125        2,603,151        2,449,848
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            817,532          838,635          849,300
      Operation and Maintenance of Plant Services           11-000-26X-XXX          5,297,699        5,546,188        5,712,402
      Student Transportation Services                       11-000-270-XXX          4,136,329        4,526,117        4,786,419
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          9,529,604       10,266,650       11,350,882
      Total Support Services Expenditures                                          31,741,346       34,398,679       35,997,521
      TOTAL GENERAL CURRENT EXPENSE                                                57,991,023       61,630,367       63,828,659

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                       1,000            1,500
      Equipment                                             12-XXX-XXX-73X            147,150           94,065           62,550
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            232,845
      TOTAL CAPITAL EXPENDITURES                                                      379,995           95,065           64,050
      Transfer of Funds to Charter Schools                  10-000-100-56X             14,706           15,906           14,502
      OPERATING BUDGET GRAND TOTAL                                                 58,385,724       61,741,338       63,907,211

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX                              20,000
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             10,492            8,663            7,364
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             23,981           33,710           28,653
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             18,304           42,750           36,338
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             13,959           11,966           10,171
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              7,518            6,200            5,270
      Other Special Projects                                20-XXX-XXX-XXX             34,002              472
      Total State Projects                                                            108,256          103,761           87,796
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            342,943          423,054          314,592
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            984,403        1,099,046          832,197
      Other Special Projects                                20-XXX-XXX-XXX            165,331          198,607          143,620
      Total Federal Projects                                                        1,492,677        1,720,707        1,290,409
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,600,933        1,844,468        1,378,205

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            602,664          521,060          409,762
      TOTAL REPAYMENT OF DEBT                                                         602,664          521,060          409,762
      Total Expenditures                                                           60,589,321       64,106,866       65,695,178

      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                                          60,589,321       64,106,866       65,695,178

                                                    PASSAIC  -  WEST MILFORD TWP

                                          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                             1,616,842             2,019,594             1,547,714               944,802
        Repayment of Debt                                      177,012               133,504                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    170,529                75,265                76,265                77,765
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      710,339               285,208               247,088                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                    PASSAIC  -  WEST MILFORD TWP

                                               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                           10911           11428          12146          12318          12943
Total Classroom Instruction                                 6753            7074           7485           7507           7898
Classroom-Salaries and Benefits                             6532            6821           7209           7211           7597
Classroom-General Supplies and Textbooks                     202             227            255            274            278
Classroom-Purchased Services and Other                        19              25             21             22             22
Total Support Services                                      1504            1589           1718           1758           1892
Support Services-Salaries and Benefits                      1366            1450           1551           1588           1721
Total Administrative Costs                                  1103            1111           1187           1269           1264
Administration-Salaries and Benefits                         977             980           1043           1108           1109
Total Operations and Maintenance of Plant                   1261            1351           1431           1450           1528
Operations & Maintenance of Plant-Salary & Ben.              738             781            840            858            910
Total Food Services Costs                                      8               0              0              0              0
Total Extracurricular Costs                                  182             199            207            211            220
Total Equipment Costs                                         14              34              0             22             15
Employee Benefits as a % of Salaries                        23.1            24.8           24.5           25.4           27.4


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 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.

                            PASSAIC  -  WEST MILFORD TWP

Shared Services -- Description of Shared Services
_________________________________________________

  See Attached.                                                            

                            PASSAIC  -  WEST MILFORD TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                                0 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )         1,515,840,182 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.0000 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                       0 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )         1,515,840,182 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.0000 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                                0 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           3,803,218,990 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.0000 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                       0 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           3,803,218,990 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.0000 (L)