03/14/2008                                        PASSAIC  -  NORTH HALEDON BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       589                      618                      638


      Pupils on Roll - Special Full-Time                      74                       69                       65

      Private School Placements                                4                        6                        5
      Pupils Sent to Contracted Preschool Prog                                          2

      Pupils Sent to Other Dists-Spec Ed Prog                  4                        5                        5
      Pupils Received                                          1
 


                                                   PASSAIC - NORTH HALEDON BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     243,100          323,475

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 6,302,416        6,638,495        7,095,070
      Tuition                                               10-1300                    20,500
      Interest Earned on Capital Reserve Funds              10-1XXX                    42,475
      Other Restricted Miscellaneous Revenues               10-1XXX                     6,496
      Unrestricted Miscellaneous Revenues                   10-1XXX                                     17,500           27,500
      SUBTOTAL                                                                      6,371,887        6,655,995        7,122,570

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                    73,803           73,803
      Special Education Aid                                 10-3130                   277,430          277,430
      Bilingual Education                                   10-3140                     2,336            2,336
      Extraordinary Aid                                     10-3131                    35,983                            97,437
      Consolidated Aid                                      10-3195                    63,418           63,418
      Additional Formula Aid                                10-3196                    12,886           27,565
      Other State Aids                                      10-3XXX                    57,620           46,871
      Categorical Special Education Aid                     10-3132                                                     363,460
      Categorical Security Aid                              10-3177                                                      51,247
      Categorical Transportation Aid                        10-3121                                                      97,140
      SUBTOTAL                                                                        523,476          491,423          609,284

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                     1,177
      SUBTOTAL                                                                          1,177
      Adjustment for Prior Year Encumbrances                                                           118,184
      Actual Revenues (Over)/Under Expenditures                                        88,672
      TOTAL OPERATING BUDGET                                                        6,985,212        7,508,702        8,055,329
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    12,546           12,546
      Other Restricted Entitlements                         20-32XX                     1,300
      TOTAL REVENUES FROM STATE SOURCES                                                13,846           12,546

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               21,843           14,902           11,176
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              199,767          133,341          100,005
      Other                                                 20-4XXX                    24,788           33,461           25,095
      TOTAL REVENUES FROM FEDERAL SOURCES                                             246,398          181,704          136,276
      TOTAL GRANTS AND ENTITLEMENTS                                                   260,244          194,250          136,276
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                                      131,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,175,045        1,545,932        1,416,982
      Miscellaneous                                         40-1XXX                   990,182
      TOTAL REVENUES FROM LOCAL SOURCES                                             2,165,227        1,545,932        1,416,982
      TOTAL LOCAL REPAYMENT OF DEBT                                                 2,165,227        1,545,932        1,547,982
      Actual Revenues (Over)/Under Expenditures                                      -475,182
      TOTAL REPAYMENT OF DEBT                                                       1,690,045        1,545,932        1,547,982
      TOTAL REVENUES/SOURCES                                                        8,935,501        9,248,884        9,739,587
                                                   PASSAIC - NORTH HALEDON 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          2,427,512        2,528,694        2,768,250
      Special Education                                     11-2XX-100-XXX            860,501          903,766          992,250
      Basic Skills/Remedial                                 11-230-100-XXX            130,154          126,805          112,582
      Bilingual Education                                   11-240-100-XXX              3,305            3,650            3,650
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             19,113           24,500           24,500
      Support Services:
      Tuition                                               11-000-100-XXX            367,678          459,420          465,954
      Attendance and Social Work Services                   11-000-211-XXX                350              500              500
      Health Services                                       11-000-213-XXX             95,490           99,931          104,250
      Students - Related & Extraordinary                    11-000-216,217            108,945          123,100          176,700
      Guidance                                              11-000-218-XXX              4,894            5,500            6,000
      Child Study Teams                                     11-000-219-XXX            113,326          176,582          173,500
      Improvement of Instructional Services                 11-000-221-XXX             55,275           88,996           87,212
      Educational Media Services - School Library           11-000-222-XXX            140,268          148,354          152,600
      Instructional Staff Training Services                 11-000-223-XXX              2,745            7,000            7,500
      General Administration                                11-000-230-XXX            303,829          337,095          314,838
      School Administration                                 11-000-240-XXX            193,322          193,243          180,550
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            165,843          197,404          201,920
      Operation and Maintenance of Plant Services           11-000-26X-XXX            488,708          487,560          687,795
      Student Transportation Services                       11-000-270-XXX            466,271          496,150          511,828
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,037,683        1,075,600        1,082,950
      Total Support Services Expenditures                                           3,544,627        3,896,435        4,154,097
      TOTAL GENERAL CURRENT EXPENSE                                                 6,985,212        7,483,850        8,055,329

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X                              24,852
      TOTAL CAPITAL EXPENDITURES                                                                        24,852
      OPERATING BUDGET GRAND TOTAL                                                  6,985,212        7,508,702        8,055,329

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-214-100-XXX             12,546           12,546
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               12,546           12,546
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              1,300
      Total State Projects                                                             13,846           12,546
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             21,843           14,902           11,176
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            199,767          133,341          100,005
      Other Special Projects                                20-XXX-XXX-XXX             24,788           33,461           25,095
      Total Federal Projects                                                          246,398          181,704          136,276
      TOTAL GRANTS AND ENTITLEMENTS                                                   260,244          194,250          136,276

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          1,690,045        1,545,932        1,547,982
      Increase in Debt Service Reserve                      40-608                                     670,536
      TOTAL REPAYMENT OF DEBT                                                       1,690,045        2,216,468        1,547,982
      Total Expenditures                                                            8,935,501        9,919,420        9,739,587

      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                                           8,935,501        9,919,420        9,739,587

                                                   PASSAIC  -  NORTH HALEDON 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                               165,141               266,471               426,651               139,699
        Repayment of Debt                                      486,534               961,716               131,000                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                        103                   103                   103                   103
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      472,122               279,623                36,523                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0               670,536               670,536
 



                                                   PASSAIC  -  NORTH HALEDON 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                            8890            9258           9377           9521          10065
Total Classroom Instruction                                 6078            6277           6316           6306           6603
Classroom-Salaries and Benefits                             5596            5897           5898           5856           6153
Classroom-General Supplies and Textbooks                     396             240            286            317            323
Classroom-Purchased Services and Other                        86             140            132            133            127
Total Support Services                                       903             950           1079           1130           1192
Support Services-Salaries and Benefits                       825             879            995            978           1045
Total Administrative Costs                                  1153            1165           1148           1234           1145
Administration-Salaries and Benefits                         885             927            936            926            884
Total Operations and Maintenance of Plant                    707             810            767            786           1062
Operations & Maintenance of Plant-Salary & Ben.              369             397            408            405            472
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                   30              35             44             44             42
Total Equipment Costs                                                                                       36              0
Employee Benefits as a % of Salaries                        22.1            23.3           24.7           23.2           21.5


 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  -  NORTH HALEDON 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

                           PASSAIC  -  NORTH HALEDON BORO

Shared Services -- Description of Shared Services
_________________________________________________

  We use an interlocal agreement with Manchester Regional High School for t
  technology, this includes maintanence, support and installation of       
  computers, hardware and software.                                        
  We share services with the Borough of North Haledon.  The Borough uses   
  our facilities when ever required, including the ballfields and rec.     
  facilities and the Borough maintains the fields.  The Borough also plows 
  parking lots of the school district.                                     
  We use ACT for phone savings.                                            
  We participate in ACES for purchase of gas as a commodity.               
  We participate in Passaic County Educational Services Commission for:    
  1) Transportation of special needs students, 2) Educational program for  
  special needs student.                                                   
  We participate in E-rate.                                                

                           PASSAIC  -  NORTH HALEDON BORO

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 )           441,938,062 (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 )           441,938,062 (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 )           1,561,719,312 (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 )           1,561,719,312 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.0000 (L)