03/17/2008                                        MIDDLESEX  -  SOUTH RIVER BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1903                     1933                     1982
      Pupils on Roll Regular Shared-Time                                                1                        1

      Pupils on Roll - Special Full-Time                     242                      265                      278
      Pupils on Roll - Special Shared-Time                     5                        7                        7
      Private School Placements                                9                        8                        8


      Pupils Sent to Other Dists-Spec Ed Prog                 23                       26                       23
      Pupils Received                                                                   2                        1
      Pupils in State Facilities                               2                        3
 


                                                   MIDDLESEX - SOUTH RIVER BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,375,511          830,148
      Withdrawal from Cap Res-for Local Share               10-307                                      27,500
      Transfers from Other Funds                            10-5200                     1,657

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                11,306,839       11,908,593       11,908,593
      Tuition                                               10-1300                                     35,000           43,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   407,520           70,000           70,000
      SUBTOTAL                                                                     11,714,359       12,013,593       12,021,593

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 5,472,984        6,255,752
      Transportation Aid                                    10-3120                   248,820          248,820
      Special Education Aid                                 10-3130                 1,612,805        1,612,805
      Bilingual Education                                   10-3140                   209,700          209,700
      Extraordinary Aid                                     10-3131                    48,858
      Consolidated Aid                                      10-3195                   254,213          254,213
      Additional Formula Aid                                10-3196                   238,398          497,631
      Other State Aids                                      10-3XXX                    15,212                             2,890
      Categorical Special Education Aid                     10-3132                                                   1,205,974
      Equalization Aid                                      10-3176                                                   9,986,915
      Categorical Security Aid                              10-3177                                                     364,025
      Categorical Transportation Aid                        10-3121                                                     327,852
      SUBTOTAL                                                                      8,100,990        9,078,921       11,887,656

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                     3,037
      SUBTOTAL                                                                          3,037
      Actual Revenues (Over)/Under Expenditures                                        19,960
      TOTAL OPERATING BUDGET                                                       19,840,003       22,495,525       24,739,397
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Demonstrably Effect Prog Aid - Pr Year Carryover      20-3212                    12,357           12,356
      Demonstrably Effective Program Aid                    20-3212                   435,457          448,282
      Instructional Supplement Aid                          20-3214                   155,906          155,906
      Other Restricted Entitlements                         20-32XX                   284,260          535,500          259,000
      TOTAL REVENUES FROM STATE SOURCES                                               887,980        1,152,044          259,000

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              415,607          410,990          268,148
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              511,704          504,000          500,562
      Adult Basic Education                                 20-4440                    47,411           47,600           43,400
      Other                                                 20-4XXX                   122,123           50,000           40,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                           1,096,845        1,012,590          852,110
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,984,825        2,164,634        1,111,110
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                           1

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,528,212        1,485,340        1,475,444
      TOTAL REVENUES FROM LOCAL SOURCES                                             1,528,212        1,485,340        1,475,444

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   525,978          508,989          507,776
      TOTAL LOCAL REPAYMENT OF DEBT                                                 2,054,190        1,994,330        1,983,220
      TOTAL REPAYMENT OF DEBT                                                       2,054,190        1,994,330        1,983,220
      TOTAL REVENUES/SOURCES                                                       23,879,018       26,654,489       27,833,727
                                                   MIDDLESEX - SOUTH RIVER 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          6,613,556        7,017,211        7,740,523
      Special Education                                     11-2XX-100-XXX          1,290,289        1,441,498        1,658,496
      Basic Skills/Remedial                                 11-230-100-XXX             21,825           52,876          258,381
      Bilingual Education                                   11-240-100-XXX            260,353          285,685          302,185
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             64,565           80,854           84,593
      School Sponsored Athletics                            11-402-100-XXX            459,644          514,312          537,986
      Other Instructional Programs                          11-4XX-100-XXX             27,661           36,810           32,660
      Support Services:
      Tuition                                               11-000-100-XXX          1,486,743        1,596,745        1,622,382
      Attendance and Social Work Services                   11-000-211-XXX             19,231           20,356           25,114
      Health Services                                       11-000-213-XXX            287,534          280,546          299,311
      Students - Related & Extraordinary                    11-000-216,217            127,919          377,643          374,568
      Guidance                                              11-000-218-XXX            333,369          323,182          543,863
      Child Study Teams                                     11-000-219-XXX            558,710          703,305          701,112
      Improvement of Instructional Services                 11-000-221-XXX            157,186          365,785          380,372
      Educational Media Services - School Library           11-000-222-XXX            258,369          223,102          272,049
      Instructional Staff Training Services                 11-000-223-XXX            229,263           27,857           32,631
      General Administration                                11-000-230-XXX            464,861          539,544          553,239
      School Administration                                 11-000-240-XXX          1,001,456        1,023,844        1,136,370
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            270,845          352,034          314,949
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,856,003        2,153,071        2,553,598
      Student Transportation Services                       11-000-270-XXX            852,507        1,091,096        1,010,561
      Other Support Services                                11-000-290-XXX             76,999          100,000          102,043
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          3,048,549        3,807,942        3,846,728
      Food Services                                         11-000-310-XXX             10,000           10,000           10,000
      Total Support Services Expenditures                                          11,039,544       12,996,052       13,778,890
      TOTAL GENERAL CURRENT EXPENSE                                                19,777,437       22,425,298       24,393,714

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             39,660            4,504
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             11,800           40,500          332,500
      TOTAL CAPITAL EXPENDITURES                                                       51,460           45,004          332,500
      Transfer of Funds to Charter Schools                  10-000-100-56X             11,106           25,223           13,183
      OPERATING BUDGET GRAND TOTAL                                                 19,840,003       22,495,525       24,739,397

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-212-100-XXX            148,082          160,918
      Demonstrably Effective Program Aid:
      Support Services                                      20-212-200-XXX            299,405          299,370
      Contribution to Charter Schools                       20-212-100-56X                327              350
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                                        447,814          460,638
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX            155,906          155,906
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                              155,906          155,906
      Other State Projects:
      Instruction                                           20-217-100-XXX                             216,100
      Support Services                                      20-217-200-XXX                              57,400
      TOTAL TARA USED TO SUPPORT PROGRAMS                                                              273,500
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             22,663           31,000           22,000
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX            111,764           98,000          208,000
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             96,429           96,000
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             35,344           37,000           29,000
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             17,918
      Other Special Projects                                20-XXX-XXX-XXX                142
      Total State Projects                                                            887,980        1,152,044          259,000
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            415,607          410,990          268,148
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            511,704          504,000          500,562
      Adult Basic Education                                 20-XXX-XXX-XXX             47,411           47,600           43,400
      Other Special Projects                                20-XXX-XXX-XXX            122,123           50,000           40,000
      Total Federal Projects                                                        1,096,845        1,012,590          852,110
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,984,825        2,164,634        1,111,110

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          2,054,190        1,994,330        1,983,220
      TOTAL REPAYMENT OF DEBT                                                       2,054,190        1,994,330        1,983,220
      Total Expenditures                                                           23,879,018       26,654,489       27,833,727

      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                                          23,879,018       26,654,489       27,833,727

                                                   MIDDLESEX  -  SOUTH RIVER 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                             1,026,655             1,395,137             1,203,059               372,911
        Repayment of Debt                                            1                     1                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     27,085                27,085                     0                     0
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      714,897               342,986                     0                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                   MIDDLESEX  -  SOUTH RIVER 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                            8059            8384           8766           9367           9611
Total Classroom Instruction                                 4618            4896           5003           5404           5544
Classroom-Salaries and Benefits                             4361            4684           4795           5193           5350
Classroom-General Supplies and Textbooks                     212             169            157            159            141
Classroom-Purchased Services and Other                        46              43             51             52             52
Total Support Services                                      1213            1258           1346           1473           1412
Support Services-Salaries and Benefits                      1120            1158           1210           1277           1189
Total Administrative Costs                                  1017            1026           1068           1122           1136
Administration-Salaries and Benefits                         888             912            926            952            994
Total Operations and Maintenance of Plant                    922             910           1022           1036           1184
Operations & Maintenance of Plant-Salary & Ben.              235             238            255            260            264
Total Food Services Costs                                      5               5              5              5              4
Total Extracurricular Costs                                  284             290            322            328            331
Total Equipment Costs                                         16              18              0              2              0
Employee Benefits as a % of Salaries                        26.2            25.0           27.6           28.4           26.7


 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.

                                                   MIDDLESEX  -  SOUTH RIVER 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

                           MIDDLESEX  -  SOUTH RIVER BORO

Shared Services -- Description of Shared Services
_________________________________________________

  The district utilizes the services of the Middlesex Regional             
  Educational Services for its transportation, natuarl gas supply, paper   
  supplies. In addition, the distrcit is a member of the Common Cents      
  CoOperative Purchasing Program. The Borough of South River belongs to a  
  consortium with eight other municipalities to purchase its electricty.   
  The district benefits as result of the towns purchasing program. The dis 
  trict has an agreement with the town to purchase its gas,snow and        
  ice removal supplies. The district is a member of the New Jersey School  
  Boards Association Insurance Group in order to purchase its liability,   
  workmans compensation insurance.                                         

                           MIDDLESEX  -  SOUTH RIVER BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       11,908,593 (A)
Estimated Net Taxable Valuation (as of 01/02/2008 )           426,628,526 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           2.7913 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              13,384,037 (D)
Estimated Net Taxable Valuation (as of 01/02/2008 )           426,628,526 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  3.1372 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       11,908,593 (G)
Estimated Equalized Valuation (as of 01/02/2008 )           1,710,536,658 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6962 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              13,384,037 (J)
Estimated Equalized Valuation (as of 01/02/2008 )           1,710,536,658 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.7824 (L)