03/19/2008                                        MORRIS  -  MOUNT ARLINGTON BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       340                      336                      341


      Pupils on Roll - Special Full-Time                      65                       58                       58

      Private School Placements                                4                        8                        9

      Pupils Sent to Other Districts-Reg Prog                174                      158                      159
      Pupils Sent to Other Dists-Spec Ed Prog                 33                       46                       47
      Pupils Received                                          2                        2                        2
      Pupils in State Facilities                               1                        2                        2
 


                                                   MORRIS - MOUNT ARLINGTON BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     106,896          279,782
      Withdrawal from Cap Res-for Local Share               10-307                                                        5,418

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 7,976,039        8,557,293        8,867,494
      Tuition                                               10-1300                    21,470                            20,000
      Interest Earned on Capital Reserve Funds              10-1XXX                       100                               100
      Unrestricted Miscellaneous Revenues                   10-1XXX                    86,824           12,000           84,500
      SUBTOTAL                                                                      8,084,433        8,569,293        8,972,094

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   165,680          165,680
      Special Education Aid                                 10-3130                   431,695          431,695
      Stabilization Aid                                     10-3171                   111,523          111,523
      Extraordinary Aid                                     10-3131                    30,493                            87,075
      Consolidated Aid                                      10-3195                    71,757           71,757
      Additional Formula Aid                                10-3196                    23,796           48,306
      Other State Aids                                      10-3XXX                     3,263
      Categorical Special Education Aid                     10-3132                                                     327,960
      Categorical Security Aid                              10-3177                                                      45,717
      Adjustment Aid                                        10-3178                                                     173,321
      Categorical Transportation Aid                        10-3121                                                     241,593
      SUBTOTAL                                                                        838,207          828,961          875,666

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                    15,634
      SUBTOTAL                                                                         15,634
      Actual Revenues (Over)/Under Expenditures                                      -203,651
      TOTAL OPERATING BUDGET                                                        8,734,623        9,505,150       10,132,960
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     3,325            4,265            1,000

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    12,546           12,546
      Other Restricted Entitlements                         20-32XX                     3,231            4,327            4,400
      TOTAL REVENUES FROM STATE SOURCES                                                15,777           16,873            4,400

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               32,389           26,036           26,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              136,193          135,168          120,000
      Other                                                 20-4XXX                    25,622           25,053           24,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                             194,204          186,257          170,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   213,306          207,395          175,400
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                      12,021            9,102
      Transfers from Other Funds                            40-5200                     9,102

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   232,149          220,368          223,267
      TOTAL REVENUES FROM LOCAL SOURCES                                               232,149          220,368          223,267
      TOTAL LOCAL REPAYMENT OF DEBT                                                   241,251          232,389          232,369
      Actual Revenues (Over)/Under Expenditures                                        -9,102
      TOTAL REPAYMENT OF DEBT                                                         232,149          232,389          232,369
      TOTAL REVENUES/SOURCES                                                        9,180,078        9,944,934       10,540,729
                                                   MORRIS - MOUNT ARLINGTON 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          1,729,493        1,581,250        1,737,760
      Special Education                                     11-2XX-100-XXX            655,631          719,200          763,250
      Basic Skills/Remedial                                 11-230-100-XXX             42,743           31,450           31,800
      Bilingual Education                                   11-240-100-XXX              7,980            8,500            9,000
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             20,435           23,700           28,400
      School Sponsored Athletics                            11-402-100-XXX             29,999           33,700           35,500
      Support Services:
      Tuition                                               11-000-100-XXX          2,843,410        3,113,100        3,332,400
      Attendance and Social Work Services                   11-000-211-XXX             43,718           46,200           48,200
      Health Services                                       11-000-213-XXX            137,454          145,100          151,750
      Students - Related & Extraordinary                    11-000-216,217            209,415          307,200          317,700
      Guidance                                              11-000-218-XXX             60,714           60,850           74,900
      Child Study Teams                                     11-000-219-XXX            171,271          232,600          212,800
      Improvement of Instructional Services                 11-000-221-XXX              8,143            8,600            8,900
      Educational Media Services - School Library           11-000-222-XXX             81,397           75,300           54,000
      Instructional Staff Training Services                 11-000-223-XXX             18,823           16,600           14,500
      General Administration                                11-000-230-XXX            288,220          312,000          303,200
      School Administration                                 11-000-240-XXX            142,459          159,900          139,800
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            105,546          117,100          123,800
      Operation and Maintenance of Plant Services           11-000-26X-XXX            631,359          641,200          667,500
      Student Transportation Services                       11-000-270-XXX            363,929          440,600          450,100
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            827,069          973,000        1,150,600
      Food Services                                         11-000-310-XXX              3,130
      Total Support Services Expenditures                                           5,936,057        6,649,350        7,050,150
      TOTAL GENERAL CURRENT EXPENSE                                                 8,422,338        9,047,150        9,655,860

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                                          100
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            276,469          420,000          437,000
      TOTAL CAPITAL EXPENDITURES                                                      276,469          420,000          437,100
      Transfer of Funds to Charter Schools                  10-000-100-56X             35,816           38,000           40,000
      OPERATING BUDGET GRAND TOTAL                                                  8,734,623        9,505,150       10,132,960

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              3,325            4,265            1,000
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX             12,546           12,546
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               12,546           12,546
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              1,060            1,397            1,400
      Nonpublic Nursing Services                            20-XXX-XXX-XXX              1,411            1,930            2,000
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX                760            1,000            1,000
      Total State Projects                                                             15,777           16,873            4,400
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             32,389           26,036           26,000
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            136,193          135,168          120,000
      Other Special Projects                                20-XXX-XXX-XXX             25,622           25,053           24,000
      Total Federal Projects                                                          194,204          186,257          170,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   213,306          207,395          175,400

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            232,149          232,389          232,369
      TOTAL REPAYMENT OF DEBT                                                         232,149          232,389          232,369
      Total Expenditures                                                            9,180,078        9,944,934       10,540,729

      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                                           9,180,078        9,944,934       10,540,729

                                                   MORRIS  -  MOUNT ARLINGTON 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                               197,054               283,756               383,756               250,000
        Repayment of Debt                                       12,021                21,123                 9,102                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                      5,318                 5,318                 5,318                     0
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      135,973               252,922               146,026                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                   MORRIS  -  MOUNT ARLINGTON 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                           12231           12825          13635          14118          14869
Total Classroom Instruction                                 7071            7307           7497           7596           8264
Classroom-Salaries and Benefits                             6750            6917           7109           7269           7847
Classroom-General Supplies and Textbooks                     158             302            264            248            273
Classroom-Purchased Services and Other                       163              87            124             79            144
Total Support Services                                      1976            2124           2518           2741           2753
Support Services-Salaries and Benefits                      1476            1761           2009           2103           2222
Total Administrative Costs                                  1477            1554           1682           1785           1763
Administration-Salaries and Benefits                        1001            1267           1090           1277           1408
Total Operations and Maintenance of Plant                   1548            1669           1745           1796           1864
Operations & Maintenance of Plant-Salary & Ben.              621             637            689            705            746
Total Food Services Costs                                      0               8              0              0              0
Total Extracurricular Costs                                  146             150            176            182            205
Total Equipment Costs                                                                                        0              0
Employee Benefits as a % of Salaries                        24.6            23.1           28.8           27.4           30.4


 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.

                           MORRIS  -  MOUNT ARLINGTON BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Mt Arlington participates in a number of cost saving services.           
  Some of which are:                                                       
      1.Morris Essex Insurance Fund (Joint Group Insurance)                
      2.Alliance for Competitive Energy Services (ACES)                    
      3.Alliance for Competitive Telecommunications (ACT)                  
      4.Debt Refinanced (Saving Taxpayers $312,000)                        
      5.Services with the Borough of Mt Arlington and the Recreation Dept  
         parking lot snow plowing, use of school facilities (gym,          
          large group meeting space, softball and soccer fields, etc.)     
      6.Morris Area Curriculum Network                                     
      7.Morris County Educational Technology Training Center (MCETTC)      

                           MORRIS  -  MOUNT ARLINGTON BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        8,712,393 (A)
Estimated Net Taxable Valuation (as of 10/01/2006 )           692,720,330 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.2577 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,934,211 (D)
Estimated Net Taxable Valuation (as of 10/01/2006 )           692,720,330 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.2897 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        8,712,393 (G)
Estimated Equalized Valuation (as of 10/01/2006 )             863,033,329 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.0095 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,934,211 (J)
Estimated Equalized Valuation (as of 10/01/2006 )             863,033,329 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.0352 (L)