03/18/2008                                           SUSSEX  -  STANHOPE BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       337                      331                      357


      Pupils on Roll - Special Full-Time                      71                       68                       60

      Private School Placements                                1                        3                        4


      Pupils Sent to Other Dists-Spec Ed Prog                  3                        5                        9
 


                                                      SUSSEX - STANHOPE BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     349,833          516,481
      Transfers from Other Funds                            10-5200                    17,304

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 3,097,786        3,097,786        3,221,697
      Unrestricted Miscellaneous Revenues                   10-1XXX                   125,130           82,000           84,264
      SUBTOTAL                                                                      3,222,916        3,179,786        3,305,961

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                   727,380          727,380
      Supplemental Core Curriculum Standards Aid            10-3112                   291,607          291,607
      Transportation Aid                                    10-3120                    36,990           36,990
      Special Education Aid                                 10-3130                   343,750          343,750
      Bilingual Education                                   10-3140                        72               72
      Extraordinary Aid                                     10-3131                    16,986                            10,682
      Consolidated Aid                                      10-3195                    48,167           48,167
      Additional Formula Aid                                10-3196                    43,542           88,390
      Other State Aids                                      10-3XXX                     1,497           30,072
      Categorical Special Education Aid                     10-3132                                                     190,423
      Equalization Aid                                      10-3176                                                   1,288,896
      Categorical Security Aid                              10-3177                                                      28,823
      Adjustment Aid                                        10-3178                                                      83,333
      Categorical Transportation Aid                        10-3121                                                      18,953
      SUBTOTAL                                                                      1,509,991        1,566,428        1,621,110
      Adjustment for Prior Year Encumbrances                                                           208,372
      Actual Revenues (Over)/Under Expenditures                                      -312,883
      TOTAL OPERATING BUDGET                                                        4,437,328        5,304,419        5,443,552
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                     3,423            3,423
      Other Restricted Entitlements                         20-32XX                     1,836
      TOTAL REVENUES FROM STATE SOURCES                                                 5,259            3,423

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416                1,745           21,865
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               81,398           91,106           53,036
      Other                                                 20-4XXX                       390            9,177
      TOTAL REVENUES FROM FEDERAL SOURCES                                              83,533          122,148           53,036
      TOTAL GRANTS AND ENTITLEMENTS                                                    88,792          125,571           53,036
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   350,479          348,542          346,416
      TOTAL REVENUES FROM LOCAL SOURCES                                               350,479          348,542          346,416
      TOTAL LOCAL REPAYMENT OF DEBT                                                   350,479          348,542          346,416
      TOTAL REPAYMENT OF DEBT                                                         350,479          348,542          346,416
      TOTAL REVENUES/SOURCES                                                        4,876,599        5,778,532        5,843,004
                                                      SUSSEX - STANHOPE 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          1,587,767        1,774,281        1,697,099
      Special Education                                     11-2XX-100-XXX            399,673          436,404          450,100
      Basic Skills/Remedial                                 11-230-100-XXX             11,167
      Bilingual Education                                   11-240-100-XXX                 30            4,000
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             15,905           24,250           25,000
      School Sponsored Athletics                            11-402-100-XXX             66,785            8,830            9,000
      Support Services:
      Tuition                                               11-000-100-XXX            244,384          417,974          621,062
      Attendance and Social Work Services                   11-000-211-XXX                                 350              350
      Health Services                                       11-000-213-XXX             51,910           54,821           56,609
      Students - Related & Extraordinary                    11-000-216,217             74,826           77,706           80,055
      Guidance                                              11-000-218-XXX             50,300           58,063           60,310
      Child Study Teams                                     11-000-219-XXX            185,033          287,651          320,948
      Improvement of Instructional Services                 11-000-221-XXX              3,922            1,285              500
      Educational Media Services - School Library           11-000-222-XXX             74,959           85,436           86,127
      Instructional Staff Training Services                 11-000-223-XXX                548            6,290            7,875
      General Administration                                11-000-230-XXX            202,503          203,535          199,077
      School Administration                                 11-000-240-XXX            131,131          114,659          128,583
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            183,665          173,583          189,599
      Operation and Maintenance of Plant Services           11-000-26X-XXX            382,054          449,943          488,988
      Student Transportation Services                       11-000-270-XXX             58,775          139,512          130,500
      Other Support Services                                11-000-290-XXX                158
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            675,105          932,860          851,770
      Food Services                                         11-000-310-XXX             18,528           22,986           10,000
      Total Support Services Expenditures                                           2,337,801        3,026,654        3,232,353
      TOTAL GENERAL CURRENT EXPENSE                                                 4,419,128        5,274,419        5,413,552

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             18,200
      TOTAL CAPITAL EXPENDITURES                                                       18,200
      Transfer of Funds to Charter Schools                  10-000-100-56X                              30,000           30,000
      OPERATING BUDGET GRAND TOTAL                                                  4,437,328        5,304,419        5,443,552

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-214-100-XXX              3,423            3,423
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                                3,423            3,423
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              1,836
      Total State Projects                                                              5,259            3,423
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX              1,745           21,865
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             81,398           91,106           53,036
      Other Special Projects                                20-XXX-XXX-XXX                390            9,177
      Total Federal Projects                                                           83,533          122,148           53,036
      TOTAL GRANTS AND ENTITLEMENTS                                                    88,792          125,571           53,036

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            350,479          348,542          346,416
      TOTAL REPAYMENT OF DEBT                                                         350,479          348,542          346,416
      Total Expenditures                                                            4,876,599        5,778,532        5,843,004

      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                                           4,876,599        5,778,532        5,843,004

                                                      SUSSEX  -  STANHOPE 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                               131,219               287,459               267,566                74,568
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          1                     1                     1                     1
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      492,373               653,423               323,483                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                      SUSSEX  -  STANHOPE 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                            9868           10461          10764          11920          11261
Total Classroom Instruction                                 6105            6214           6445           7186           6555
Classroom-Salaries and Benefits                             5699            5920           6195           6724           6220
Classroom-General Supplies and Textbooks                     339             276            234            221            145
Classroom-Purchased Services and Other                        67              18             16            242            190
Total Support Services                                      1345            1349           1549           1800           1786
Support Services-Salaries and Benefits                      1171            1192           1174           1512           1392
Total Administrative Costs                                  1380            1536           1506           1515           1504
Administration-Salaries and Benefits                        1084            1163           1201           1158           1156
Total Operations and Maintenance of Plant                    948            1056           1115           1257           1291
Operations & Maintenance of Plant-Salary & Ben.              426             450            469            513            498
Total Food Services Costs                                     47              47             54             58             24
Total Extracurricular Costs                                   43             259             95            104            101
Total Equipment Costs                                         40              46              0              0              0
Employee Benefits as a % of Salaries                        27.6            23.6           28.3           30.8           28.2


 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.

                                                      SUSSEX  -  STANHOPE BORO

                Unusual Revenues and Appropriations
                ___________________________________

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



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                              SUSSEX  -  STANHOPE BORO

Shared Services -- Description of Shared Services
_________________________________________________

  We are in negotiations to share Superintendent services with Netcong Scho
  ol district beginning July 1, 2008.                                      
                                                                           
  Currently we share a Social Worker with Netcong (20&) and Lenape Valley H
  igh School (60%). Our share for the Social Worker is 20%.                
                                                                           
  We also share a World Language Teacher with Byram (60%)  Our share is 40%
  .                                                                        
  We share a school psychologist with Netcong.  We pay Netcong 50%.        
                                                                           
  Percentages also include benefits.                                       

                              SUSSEX  -  STANHOPE BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,159,742 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           432,571,360 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.7305 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,507,221 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           432,571,360 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.8108 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,159,742 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             431,838,046 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.7317 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,507,221 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             431,838,046 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.8122 (L)