05/05/2008                                         ESSEX  -  NORTH CALDWELL BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       562                      571                      589


      Pupils on Roll - Special Full-Time                      87                       63                       62

      Private School Placements                               11                        9                        9


      Pupils Sent to Other Dists-Spec Ed Prog                  1                        2
 


                                                    ESSEX - NORTH CALDWELL BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     411,374           35,810
      Transfers from Other Funds                            10-5200                     1,997

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 8,145,825        8,815,316        9,708,904
      Unrestricted Miscellaneous Revenues                   10-1XXX                   150,656           83,104           75,000
      SUBTOTAL                                                                      8,296,481        8,898,420        9,783,904

      Revenues from State Sources:                                         
      Special Education Aid                                 10-3130                   269,502          269,502
      Extraordinary Aid                                     10-3131                    83,901                           209,399
      Consolidated Aid                                      10-3195                    25,312           25,312
      Additional Formula Aid                                10-3196                     8,844           17,954
      Other State Aids                                      10-3XXX                       975          100,000
      Categorical Special Education Aid                     10-3132                                                     102,923
      Categorical Security Aid                              10-3177                                                      47,100
      Categorical Transportation Aid                        10-3121                                                      96,636
      SUBTOTAL                                                                        388,534          412,768          456,058
      Adjustment for Prior Year Encumbrances                                                            30,544
      Actual Revenues (Over)/Under Expenditures                                        14,320
      TOTAL OPERATING BUDGET                                                        8,701,332        9,753,106       10,275,772
      GRANTS AND ENTITLEMENTS

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              119,044          186,581          155,104
      Other                                                 20-4XXX                    27,168
      TOTAL REVENUES FROM FEDERAL SOURCES                                             146,212          186,581          155,104
      TOTAL GRANTS AND ENTITLEMENTS                                                   146,212          186,581          155,104
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   961,473          919,127          921,042
      TOTAL REVENUES FROM LOCAL SOURCES                                               961,473          919,127          921,042
      TOTAL LOCAL REPAYMENT OF DEBT                                                   961,473          919,127          921,042
      TOTAL REPAYMENT OF DEBT                                                         961,473          919,127          921,042
      TOTAL REVENUES/SOURCES                                                        9,809,017       10,858,814       11,351,918
                                                    ESSEX - NORTH CALDWELL 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          2,844,676        3,018,236        3,279,815
      Special Education                                     11-2XX-100-XXX            774,373          936,933          997,316
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX                675              700              750
      Support Services:
      Tuition                                               11-000-100-XXX            621,484          569,438          702,391
      Attendance and Social Work Services                   11-000-211-XXX             18,000
      Health Services                                       11-000-213-XXX            124,202          133,988          145,091
      Students - Related & Extraordinary                    11-000-216,217            276,937          319,827          327,872
      Child Study Teams                                     11-000-219-XXX            360,411          428,844          419,308
      Improvement of Instructional Services                 11-000-221-XXX                               1,500            1,500
      Educational Media Services - School Library           11-000-222-XXX            133,153          139,133          118,326
      Instructional Staff Training Services                 11-000-223-XXX             24,958           10,100           10,825
      General Administration                                11-000-230-XXX            275,817          314,822          310,649
      School Administration                                 11-000-240-XXX            365,182          361,456          347,489
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            163,827          170,708          186,401
      Operation and Maintenance of Plant Services           11-000-26X-XXX            882,497          976,471        1,034,000
      Student Transportation Services                       11-000-270-XXX            509,611          581,317          675,985
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,304,962        1,491,493        1,718,054
      Total Support Services Expenditures                                           5,061,041        5,499,097        5,997,891
      TOTAL GENERAL CURRENT EXPENSE                                                 8,680,765        9,454,966       10,275,772

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X                              20,054
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                             269,982
      TOTAL CAPITAL EXPENDITURES                                                                       290,036

      SPECIAL SCHOOLS
      Other Special Schools:
      Instruction                                           13-4XX-100-XXX             20,567            8,104
      Total Other Special Schools                                                      20,567            8,104
      TOTAL SPECIAL SCHOOLS                                                            20,567            8,104
      OPERATING BUDGET GRAND TOTAL                                                  8,701,332        9,753,106       10,275,772

      SPECIAL GRANTS AND ENTITLEMENTS
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            119,044          186,581          155,104
      Federal Projects:
      Other Special Projects                                20-XXX-XXX-XXX             27,168
      Total Federal Projects                                                          146,212          186,581          155,104
      TOTAL GRANTS AND ENTITLEMENTS                                                   146,212          186,581          155,104

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            961,473          919,127          921,042
      TOTAL REPAYMENT OF DEBT                                                         961,473          919,127          921,042
      Total Expenditures                                                            9,809,017       10,858,814       11,351,918

      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                                           9,809,017       10,858,814       11,351,918

                                                    ESSEX  -  NORTH CALDWELL 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                               261,187               333,901               250,000               250,000
        Repayment of Debt                                            2                     2                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          1                25,001                25,001                25,001
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      583,638               447,184                35,810                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                    ESSEX  -  NORTH CALDWELL 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                           10891           11689          12544          13098          13667
Total Classroom Instruction                                 6509            6913           7485           7789           8344
Classroom-Salaries and Benefits                             6167            6710           7186           7456           8000
Classroom-General Supplies and Textbooks                     325             186            266            296            306
Classroom-Purchased Services and Other                        18              16             34             38             37
Total Support Services                                      1563            1726           1876           1948           1906
Support Services-Salaries and Benefits                      1333            1403           1473           1528           1509
Total Administrative Costs                                  1460            1506           1524           1613           1601
Administration-Salaries and Benefits                        1282            1330           1286           1334           1369
Total Operations and Maintenance of Plant                   1348            1534           1653           1740           1810
Operations & Maintenance of Plant-Salary & Ben.              694             857            924            959           1002
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                    1               1              1              1              1
Total Equipment Costs                                          0               0             59             32              0
Employee Benefits as a % of Salaries                        22.7            24.2           26.3           26.3           28.5


 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.

                                                   ESSEX  -  NORTH CALDWELL 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

                            ESSEX  -  NORTH CALDWELL BORO

Shared Services -- Description of Shared Services
_________________________________________________

  1)The North Caldwell School District entered into an interlocal agreement
  with the Borough of North Caldwell whereby the district technology person
  is shared for all Borough technology requirements including service desk 
  help, minor repairs, planning and purchasing.                            
                                                                           
  2)Five school districts in Essex County, referred to as the West Essex   
  Consortium now join together as one for the purchase of school supplies. 
                                                                           
  3)The district is a member of the Sussex County Regional Cooperative for 
  its regular and special transportation needs.                            
                                                                           
  4)As a member of the Morris Essex Insurance Group, North Caldwell is part
  of a multi-district group for workers comp insurance with related train- 
  ing, reporting, legal services and compliance.                           
                                                                           
  5)The West Essex Consortium also provides professional development for   
  the teachers of the member districts.                                    
                                                                           
  6)All general ledger (budget) and payroll services are contracted from   
  the Asbury Park Information Technology Center, a part of the Asbury Park 
  School District.                                                         
                                                                           
  7)Three districts in the West Essex Consortium, including North Caldwell 
  join as one in filing for NCLB grant monies.                             
                                                                           
  8)North Caldwell is enrolled in ACES for the purchase of electricity and 
  gas.                                                                     
                                                                           
  9)The members of the West Essex Consortium have partnered for the joint  
  purchasing of all technology needs.                                      
                                                                           
  10)Telecommunications services are obtained via the ACT telecommunication
  program.                                                                 

                            ESSEX  -  NORTH CALDWELL BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        9,708,904 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )         1,821,438,600 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.5330 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,629,946 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )         1,821,438,600 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.5836 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        9,708,904 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           1,747,406,162 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5556 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,629,946 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           1,747,406,162 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6083 (L)