03/12/2008                                          WARREN  -  WASHINGTON BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       441                      412                      411


      Pupils on Roll - Special Full-Time                      71                       85                       89

      Private School Placements                                3                        2                        2


      Pupils Sent to Other Dists-Spec Ed Prog                  3                        2                        3
 


                                                     WARREN - WASHINGTON BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     646,738          530,268

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 3,313,716        3,507,666        3,647,973
      Unrestricted Miscellaneous Revenues                   10-1XXX                    87,062           25,000           25,000
      SUBTOTAL                                                                      3,400,778        3,532,666        3,672,973

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 1,765,208        1,765,208
      Supplemental Core Curriculum Standards Aid            10-3112                    64,251           64,251
      Transportation Aid                                    10-3120                    48,885           48,885
      Special Education Aid                                 10-3130                   577,140          577,140
      Bilingual Education                                   10-3140                    20,898           20,898
      Extraordinary Aid                                     10-3131                     5,582                            18,994
      Consolidated Aid                                      10-3195                    61,430           61,430
      Additional Formula Aid                                10-3196                    48,119          126,861
      Other State Aids                                      10-3XXX                     2,389
      Categorical Special Education Aid                     10-3132                                                     231,374
      Equalization Aid                                      10-3176                                                   2,463,037
      Categorical Security Aid                              10-3177                                                      58,098
      Adjustment Aid                                        10-3178                                                      29,605
      Categorical Transportation Aid                        10-3121                                                      26,291
      SUBTOTAL                                                                      2,593,902        2,664,673        2,827,399
      Adjustment for Prior Year Encumbrances                                                            91,338
      Actual Revenues (Over)/Under Expenditures                                       150,053
      TOTAL OPERATING BUDGET                                                        6,144,733        6,935,415        7,030,640
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     2,212

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    38,787           38,787
      Other Restricted Entitlements                         20-32XX                       738           68,500
      TOTAL REVENUES FROM STATE SOURCES                                                39,525          107,287

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              106,694           87,511           74,365
      Title VI                                              20-4417-4418                                 2,661            2,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              153,943          131,901          118,806
      Other                                                 20-4XXX                    29,290           34,345           21,322
      TOTAL REVENUES FROM FEDERAL SOURCES                                             289,927          256,418          216,493
      TOTAL GRANTS AND ENTITLEMENTS                                                   331,664          363,705          216,493
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                           3

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   204,373          206,639          203,972
      TOTAL REVENUES FROM LOCAL SOURCES                                               204,373          206,639          203,972
      TOTAL LOCAL REPAYMENT OF DEBT                                                   204,373          206,642          203,972
      TOTAL REPAYMENT OF DEBT                                                         204,373          206,642          203,972
      TOTAL REVENUES/SOURCES                                                        6,680,770        7,505,762        7,451,105
                                                     WARREN - WASHINGTON 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          2,096,569        2,220,449        2,077,595
      Special Education                                     11-2XX-100-XXX            667,967          766,593          811,882
      Basic Skills/Remedial                                 11-230-100-XXX            135,122          163,500          182,900
      Bilingual Education                                   11-240-100-XXX             33,846           34,600           35,500
      Support Services:
      Tuition                                               11-000-100-XXX             89,848          199,978          331,542
      Health Services                                       11-000-213-XXX            135,597          146,734          149,100
      Students - Related & Extraordinary                    11-000-216,217            247,351          256,484          287,030
      Guidance                                              11-000-218-XXX            121,648          152,654          144,730
      Child Study Teams                                     11-000-219-XXX            202,204          229,043          142,054
      Educational Media Services - School Library           11-000-222-XXX              3,120            9,113            6,900
      Instructional Staff Training Services                 11-000-223-XXX                622            7,417            6,000
      General Administration                                11-000-230-XXX            248,368          290,417          268,672
      School Administration                                 11-000-240-XXX            116,343          129,810          134,604
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            100,211          103,132          107,100
      Operation and Maintenance of Plant Services           11-000-26X-XXX            456,685          563,125          564,678
      Student Transportation Services                       11-000-270-XXX            102,981          133,678          154,000
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,365,251        1,506,304        1,607,896
      Food Services                                         11-000-310-XXX             21,000
      Total Support Services Expenditures                                           3,211,229        3,727,889        3,904,306
      TOTAL GENERAL CURRENT EXPENSE                                                 6,144,733        6,913,031        7,012,183
      Transfer of Funds to Charter Schools                  10-000-100-56X                              22,384           18,457
      OPERATING BUDGET GRAND TOTAL                                                  6,144,733        6,935,415        7,030,640

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              2,212
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX                              38,787
      Support Services                                      20-214-200-XXX             38,787
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               38,787           38,787
      Other State Projects:
      Instruction                                           20-217-100-XXX                              55,898
      Support Services                                      20-217-200-XXX                              12,602
      TOTAL TARA USED TO SUPPORT PROGRAMS                                                               68,500
      Nonpublic Textbooks                                   20-XXX-XXX-XXX                 88
      Other Special Projects                                20-XXX-XXX-XXX                650
      Total State Projects                                                             39,525          107,287
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            106,694           87,511           74,365
      Title VI                                              20-XXX-XXX-XXX                               2,661            2,000
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            153,943          131,901          118,806
      Other Special Projects                                20-XXX-XXX-XXX             29,290           34,345           21,322
      Total Federal Projects                                                          289,927          256,418          216,493
      TOTAL GRANTS AND ENTITLEMENTS                                                   331,664          363,705          216,493

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            204,373          206,642          203,972
      TOTAL REPAYMENT OF DEBT                                                         204,373          206,642          203,972
      Total Expenditures                                                            6,680,770        7,505,762        7,451,105

      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                                           6,680,770        7,505,762        7,451,105

                                                     WARREN  -  WASHINGTON 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                               158,515               327,518               361,083               250,000
        Repayment of Debt                                            3                     3                     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                                    1,343,435               995,923               419,185                     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  -  WASHINGTON 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                           11313           11503          12440          13536          13106
Total Classroom Instruction                                 7411            7472           8003           8831           8523
Classroom-Salaries and Benefits                             7185            7266           7759           8482           8153
Classroom-General Supplies and Textbooks                     168             156            186            238            243
Classroom-Purchased Services and Other                        58              49             58            111            127
Total Support Services                                      1606            1850           1877           2073           1937
Support Services-Salaries and Benefits                      1355            1625           1475           1746           1642
Total Administrative Costs                                  1200            1138           1259           1342           1342
Administration-Salaries and Benefits                        1024             970           1043           1094           1134
Total Operations and Maintenance of Plant                   1095            1003           1177           1289           1302
Operations & Maintenance of Plant-Salary & Ben.              506             499            539            578            602
Total Food Services Costs                                      0              40              0              0              0
Total Extracurricular Costs                                    0               0             10              0              0
Total Equipment Costs                                                                                        0              0
Employee Benefits as a % of Salaries                        34.1            33.9           35.8           34.8           38.9


 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  -  WASHINGTON 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

                             WARREN  -  WASHINGTON BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Transportation Jointures with Warren Hills Regional and Sussex.          
  Aces Grant.  Washington Borough Municipal Government shared services     
  snow removal.    Cluster Wide Curriculum Development.                    

                             WARREN  -  WASHINGTON BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,647,973 (A)
Estimated Net Taxable Valuation (as of 02/06/2008 )           383,425,290 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.9514 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,851,945 (D)
Estimated Net Taxable Valuation (as of 02/06/2008 )           383,425,290 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.0046 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,647,973 (G)
Estimated Equalized Valuation (as of 02/06/2008 )             591,979,759 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6162 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,851,945 (J)
Estimated Equalized Valuation (as of 02/06/2008 )             591,979,759 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6507 (L)