03/27/2008                                           WARREN  -  BELVIDERE TOWN

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       790                      781                      763


      Pupils on Roll - Special Full-Time                     135                      152                      139
      Pupils on Roll - Special Shared-Time                     2
      Private School Placements                                1                        2                        2


      Pupils Sent to Other Dists-Spec Ed Prog                                           1
      Pupils Received                                        400                      401                      376
 


                                                      WARREN - BELVIDERE TOWN

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                                      121,969

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 3,238,000        3,347,000        3,335,000
      Tuition                                               10-1300                 3,591,834        4,066,428        4,637,746
      Other Restricted Miscellaneous Revenues               10-1XXX                    67,276
      Unrestricted Miscellaneous Revenues                   10-1XXX                                     52,112           58,429
      SUBTOTAL                                                                      6,897,110        7,465,540        8,031,175

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 2,136,918        2,136,918
      School Choice Aid                                     10-3116                    87,043           87,043           23,148
      Transportation Aid                                    10-3120                    17,627           17,627
      Special Education Aid                                 10-3130                   438,546          438,546
      Consolidated Aid                                      10-3195                    70,159           70,159
      Additional Formula Aid                                10-3196                                     83,014
      Categorical Special Education Aid                     10-3132                                                     252,845
      Equalization Aid                                      10-3176                                                   2,831,502
      Categorical Security Aid                              10-3177                                                      43,399
      Categorical Transportation Aid                        10-3121                                                       7,424
      SUBTOTAL                                                                      2,750,293        2,833,307        3,158,318
      Adjustment for Prior Year Encumbrances                                                            42,678
      Actual Revenues (Over)/Under Expenditures                                       -10,384
      TOTAL OPERATING BUDGET                                                        9,637,019       10,341,525       11,311,462
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    16,847           16,847
      Other Restricted Entitlements                         20-32XX                     2,500
      TOTAL REVENUES FROM STATE SOURCES                                                19,347           16,847

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               62,063           44,604           45,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              132,410          132,245          132,000
      Other                                                 20-4XXX                    22,742           22,501           22,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                             217,215          199,350          199,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   236,562          216,197          199,000
      TOTAL REVENUES/SOURCES                                                        9,873,581       10,557,722       11,510,462
                                                      WARREN - BELVIDERE TOWN

                                                   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          3,193,244        3,368,969        3,796,400
      Special Education                                     11-2XX-100-XXX            894,934          980,375        1,081,500
      Basic Skills/Remedial                                 11-230-100-XXX            100,597          137,950          184,000
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             60,761           69,100           73,700
      School Sponsored Athletics                            11-402-100-XXX            270,505          275,458          326,900
      Support Services:
      Tuition                                               11-000-100-XXX            115,174           88,022          121,462
      Health Services                                       11-000-213-XXX            113,857          124,100          133,900
      Students - Related & Extraordinary                    11-000-216,217            150,034          197,247          177,050
      Guidance                                              11-000-218-XXX            142,928          158,286          181,200
      Child Study Teams                                     11-000-219-XXX            340,609          358,400          372,600
      Improvement of Instructional Services                 11-000-221-XXX              2,404            8,000            8,300
      Educational Media Services - School Library           11-000-222-XXX            130,244          138,445          147,375
      Instructional Staff Training Services                 11-000-223-XXX              7,822           12,000           12,000
      General Administration                                11-000-230-XXX            270,096          317,210          286,700
      School Administration                                 11-000-240-XXX            634,639          736,944          702,000
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            219,738          251,732          245,475
      Operation and Maintenance of Plant Services           11-000-26X-XXX            948,418          963,837        1,174,000
      Student Transportation Services                       11-000-270-XXX            119,955           78,000           96,400
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,896,183        2,003,950        2,176,500
      Total Support Services Expenditures                                           5,092,101        5,436,173        5,834,962
      TOTAL GENERAL CURRENT EXPENSE                                                 9,612,142       10,268,025       11,297,462

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X                              13,000           14,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             24,877           60,500
      TOTAL CAPITAL EXPENDITURES                                                       24,877           73,500           14,000
      OPERATING BUDGET GRAND TOTAL                                                  9,637,019       10,341,525       11,311,462

      SPECIAL GRANTS AND ENTITLEMENTS
      Support Services                                      20-214-200-XXX             16,847           16,847
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               16,847           16,847
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              2,500
      Total State Projects                                                             19,347           16,847
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             62,063           44,604           45,000
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            132,410          132,245          132,000
      Other Special Projects                                20-XXX-XXX-XXX             22,742           22,501           22,000
      Total Federal Projects                                                          217,215          199,350          199,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   236,562          216,197          199,000
      Total Expenditures                                                            9,873,581       10,557,722       11,510,462

      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                                           9,873,581       10,557,722       11,510,462

                                                      WARREN  -  BELVIDERE TOWN

                                          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                               183,936               250,000               356,411               249,911
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          0                     0                     0                     0
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                            0                15,469                15,469                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                      WARREN  -  BELVIDERE TOWN

                                               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                            9931           10155          10633          10845          12283
Total Classroom Instruction                                 5595            5811           6112           6166           7159
Classroom-Salaries and Benefits                             5463            5599           5914           5968           6748
Classroom-General Supplies and Textbooks                     122             191            186            192            399
Classroom-Purchased Services and Other                        10              22             12              6             12
Total Support Services                                      1317            1245           1327           1362           1445
Support Services-Salaries and Benefits                      1237            1166           1212           1216           1312
Total Administrative Costs                                  1424            1525           1574           1719           1718
Administration-Salaries and Benefits                        1261            1349           1380           1406           1526
Total Operations and Maintenance of Plant                   1103            1134           1145           1147           1431
Operations & Maintenance of Plant-Salary & Ben.              459             475            502            502            565
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                  493             439            475            451            530
Total Equipment Costs                                          9               0             20             14             16
Employee Benefits as a % of Salaries                        31.1            29.7           29.3           29.4           29.7


 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.

                                                     WARREN  -  BELVIDERE TOWN

                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

                              WARREN  -  BELVIDERE TOWN

Shared Services -- Description of Shared Services
_________________________________________________

  SHARE ONE ELEMENTARY SPANISH TEACHER WITH THE OXFORD TWP SCHOOL DISTRICT 

                              WARREN  -  BELVIDERE TOWN

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,335,000 (A)
Estimated Net Taxable Valuation (as of 02/06/2008 )           142,413,500 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           2.3418 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,335,000 (D)
Estimated Net Taxable Valuation (as of 02/06/2008 )           142,413,500 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  2.3418 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,335,000 (G)
Estimated Equalized Valuation (as of 02/06/2008 )             291,293,290 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.1449 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,335,000 (J)
Estimated Equalized Valuation (as of 02/06/2008 )             291,293,290 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.1449 (L)