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 06/03/2010                                            SUSSEX  -  =
MONTAGUE TWP

                                                    Advertised =
Enrollments

      ENROLLMENT CATEGORY                         October 15, 2008       =
  October 15, 2009         October 15, 2010
                                                      Actual             =
      Actual                 Estimated
 =20
      Pupils on Roll Regular Full-Time                       291         =
             322                      323


      Pupils on Roll - Special Full-Time                      39         =
              32                       34

      Private School Placements                                6         =
               2                        1

      Pupils Sent to Other Districts-Reg Prog                113         =
              95                       95
      Pupils Sent to Other Dists-Spec Ed Prog                 42         =
              41                       41

      Pupils in State Facilities                               1
 =0C


                                                       SUSSEX - MONTAGUE =
TWP

                                                      Advertised =
Revenues

      Budget Category                                        Account     =
        2008-09          2009-10          2010-11
                                                                         =
         Actual          Revised       Anticipated
      OPERATING BUDGET

      Revenues from Local Sources:                                       =
 =20
      Local Tax Levy                                        10-1210      =
           5,083,322        5,286,654        5,298,120
      Interest Earned on Capital Reserve Funds              10-1XXX      =
                 431              225              225
      Unrestricted Miscellaneous Revenues                   10-1XXX      =
              15,823           15,000           15,000
      SUBTOTAL                                                           =
           5,099,576        5,301,879        5,313,345

      Revenues from State Sources:                                       =
 =20
      Extraordinary Aid                                     10-3131      =
              64,326           81,986           81,999
      Other State Aids                                      10-3XXX      =
             118,465
      Categorical Special Education Aid                     10-3132      =
             215,781          235,609          235,609
      Equalization Aid                                      10-3176      =
             731,198        1,338,301        1,824,984
      Categorical Security Aid                              10-3177      =
              30,122           91,826           96,717
      Adjustment Aid                                        10-3178      =
           1,452,256          459,488
      Categorical Transportation Aid                        10-3121      =
             302,717          411,631          259,021
      SUBTOTAL                                                           =
           2,914,865        2,618,841        2,498,330

      Revenues from Federal Sources:                                     =
 =20
      IMPACT Aid                                            10-4100      =
             139,801          130,000          130,000
      Medicaid Reimbursement                                10-4200      =
                                6,274            5,486
      Equalization Aid - ARRA ESF                           16-4520      =
                              285,605
      Equalization Aid - ARRA GSF                           17-4521      =
                               11,052
      SUBTOTAL                                                           =
             139,801          432,931          135,486
      Adjustment for Prior Year Encumbrances                             =
                               47,597
      Actual Revenues (Over)/Under Expenditures                          =
             185,128
      TOTAL OPERATING BUDGET                                             =
           8,339,370        8,401,248        7,947,161
      GRANTS AND ENTITLEMENTS

      Revenues from Federal Sources:                                     =
 =20
      Title I                                               20-4411-4416 =
              45,837           73,526           44,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429 =
             120,947          120,247          120,250
      Other                                                 20-4XXX      =
              43,271
      TOTAL REVENUES FROM FEDERAL SOURCES                                =
             210,055          193,773          164,250
      TOTAL GRANTS AND ENTITLEMENTS                                      =
             210,055          193,773          164,250
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303       =
                                    1
      Withdrawal from Debt Service Reserve                  40-313       =
                                    1
      Transfers from Other Funds                            40-5200      =
                   3

      Revenues from Local Sources:                                       =
 =20
      Local Tax Levy                                        40-1210      =
              75,727           76,977           77,086
      TOTAL REVENUES FROM LOCAL SOURCES                                  =
              75,727           76,977           77,086

      Revenues from State Sources:                                       =
 =20
      Debt Service Aid Type II                              40-3160      =
              20,458           20,795           17,012
      TOTAL LOCAL REPAYMENT OF DEBT                                      =
              96,188           97,774           94,098
      Actual Revenues (Over)/Under Expenditures                          =
                  -3
      TOTAL REPAYMENT OF DEBT                                            =
              96,185           97,774           94,098
      TOTAL REVENUES/SOURCES                                             =
           8,645,610        8,692,795        8,205,509
                                                       SUSSEX - MONTAGUE =
TWP

                                                   Advertised =
Appropriations

                Budget Category                                Account   =
       2008-09          2009-10         2010-11=20
                                                                         =
    Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      =
11-1XX-100-XXX          1,564,452        1,602,969        1,513,433
      Special Education                                     =
11-2XX-100-XXX            440,391          428,620          434,717
      Basic Skills/Remedial                                 =
11-230-100-XXX            166,061          174,412          166,737
      School-Spon. Co/Extra-Curr. Activities                =
11-401-100-XXX              1,950            2,195            2,195
      School Sponsored Athletics                            =
11-402-100-XXX              1,500            1,500            1,500
      Other Instructional Programs                          =
11-4XX-100-XXX             25,808           27,375           28,525
      Support Services:
      Tuition                                               =
11-000-100-XXX          2,364,186        2,346,756        2,002,051
      Health Services                                       =
11-000-213-XXX             52,779           54,171           56,658
      Speech, OT, PT, Related & Extraordinary Services      =
11-000-216,217            170,960          145,007          151,523
      Child Study Teams                                     =
11-000-219-XXX            291,735          243,776          238,320
      Improvement of Instructional Services                 =
11-000-221-XXX              2,660
      Educational Media Services - School Library           =
11-000-222-XXX             26,945           30,115           30,525
      Instructional Staff Training Services                 =
11-000-223-XXX              3,528            8,400            5,400
      General Administration                                =
11-000-230-XXX            209,342          218,812          209,283
      School Administration                                 =
11-000-240-XXX             84,850           72,000           72,024
      Central Svcs & Admin Info Technology                  =
11-000-25X-XXX            121,691          141,845          128,519
      Operation and Maintenance of Plant Services           =
11-000-26X-XXX            457,961          461,586          368,104
      Student Transportation Services                       =
11-000-270-XXX            761,943          823,952          727,919
      Personal Services - Employee Benefits                 =
11-XXX-XXX-2XX          1,050,592        1,036,151          975,948
      Food Services                                         =
11-000-310-XXX             72,664           15,300
      Total Support Services Expenditures                                =
           5,671,836        5,597,871        4,966,274
      TOTAL GENERAL CURRENT EXPENSE                                      =
           7,871,998        7,834,942        7,113,381

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604       =
                                  225              225
      Facilities Acquisition and Construction Services      =
12-000-4XX-XXX                                                1,243
      TOTAL CAPITAL EXPENDITURES                                         =
                                  225            1,468
      Transfer of Funds to Charter Schools                  =
10-000-100-56X            467,372          566,081          832,312
      OPERATING BUDGET GRAND TOTAL                                       =
           8,339,370        8,401,248        7,947,161

      SPECIAL GRANTS AND ENTITLEMENTS
      Title I                                               =
20-XXX-XXX-XXX             45,837           73,526           44,000
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         =
20-XXX-XXX-XXX            120,947          120,247          120,250
      Other Special Projects                                =
20-XXX-XXX-XXX             43,271
      Total Federal Projects                                             =
             210,055          193,773          164,250
      TOTAL GRANTS AND ENTITLEMENTS                                      =
             210,055          193,773          164,250

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           =
40-701-510-XXX             96,185           97,773           94,098
      Increase in Debt Service Reserve                      40-608       =
                                    1
      TOTAL REPAYMENT OF DEBT                                            =
              96,185           97,774           94,098
      Total Expenditures                                                 =
           8,645,610        8,692,795        8,205,509

      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
      Transfer Property Sale Proceeds to Debt Svc Res       =
11-000-520-934

      TOTAL EXPENDITURES NET OF TRANSFERS                                =
           8,645,610        8,692,795        8,205,509
=20

                                                       SUSSEX  -  =
MONTAGUE TWP

                                          Advertised Recapitulation of =
Balance

                                                              Audited    =
           Audited              Estimated             Estimated
                                                              Balance    =
           Balance               Balance               Balance
      Budget Category                                        6/30/2008   =
          6/30/2009             6/30/2010             6/30/2011

      Unassigned:
        General Operating Budget                               386,680   =
            224,406               224,406               224,406
        Repayment of Debt                                            1   =
                  4                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     13,981   =
             14,412                14,412                14,637
            Adult Education Programs                                 0   =
                  0                     0                     0
            Maintenance Reserve                                      0   =
                  0                     0                     0
            Legal Reserve                                            0   =
                  0                     0                     0
            Tuition Reserve                                          0   =
                  0                     0                     0
            Current Expense Emergency Reserve                        0   =
                  0                     0                     0
         Restricted for Repayment of Debt                            0   =
                  0                     0                     0
 =0C



                                                       SUSSEX  -  =
MONTAGUE TWP

                                               Advertised Per Pupil Cost =
Calculations

                                                     2010 - 2011

                                                    2007-08        =
2008-09           2009-10       2009-10       2010-2011
                                                     Actual         =
Actual           Original      Revised       Proposed
                                                                         =
             Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            =
(2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           16532         =
  16299          14749          15046          15012
Total Classroom Instruction                                 9970         =
   9977           9293           9477           9671
Classroom-Salaries and Benefits                             9513         =
   9421           9162           9172           9428
Classroom-General Supplies and Textbooks                     347         =
    453             63            206            172
Classroom-Purchased Services and Other                       110         =
    103             68             99             71
Total Support Services                                      2099         =
   2394           1929           1963           2088
Support Services-Salaries and Benefits                      1724         =
   1974           1654           1655           1762
Total Administrative Costs                                  2126         =
   1808           1664           1755           1755
Administration-Salaries and Benefits                        1707         =
   1472           1367           1450           1420
Legal Costs                                                    0         =
      0             32             23             51
Total Operations and Maintenance of Plant                   2051         =
   1811           1755           1746           1456
Operations & Maintenance of Plant-Salary & Ben.              891 =
            923           1056           1037            790
Total Food Services Costs                                    231         =
    250             49             49              0
Total Extracurricular Costs                                   15         =
     14             14             14             15
Total Equipment Costs                                          0         =
      0              0              0              0
Employee Benefits as a % of Salaries                        33.6         =
   34.8           35.7           32.9           32.8


 The information presented in columns 1 through 3 as well as the related =
descriptions of the per pupil cost calculations
 are contained in the 2010 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 2009-10 =
revised appropriations and 2010-11 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.

                                                      SUSSEX  -  =
MONTAGUE TWP

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               10-11 Amount           =
Description of circumstances
                Approp. Due to   =20



Total Unusual Revenues:=20
                                   0                   Total Unusual =
Appropriations:               0

                               SUSSEX  -  MONTAGUE TWP

Shared Services -- Description of Shared Services
_________________________________________________


                               SUSSEX  -  MONTAGUE TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 10-11 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        =
5,292,387 (A)
Estimated Net Taxable Valuation (as of 03/15/2010 )           =
228,534,574 (B)
Estimated 10-11 General Fund School Tax Rate=3D(A)/(B)X100           =
2.3158 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               =
5,369,419 (D)
Estimated Net Taxable Valuation (as of 03/15/2010 )           =
228,534,574 (E)
Estimated 10-11 Total School Tax Rate=3D(D)/(E)X100                  =
2.3495 (F)


B. Estimated 10-11 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        =
5,292,387 (G)
Estimated Equalized Valuation (as of 10/01/2009 )             =
449,780,121 (H)
Estimated 10-11 Equalized General Fund School
                         Tax Rate=3D(G)/(H)X100                      =
1.1767 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               =
5,369,419 (J)
Estimated Equalized Valuation (as of 10/01/2009 )             =
449,780,121 (K)
Estimated 10-11 Equalized Total School
                  Tax Rate=3D(J)/(K)X100                             =
1.1938 (L)

                               SUSSEX  -  MONTAGUE TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   Janice L. Hodge         =20
 Job Title                              Superintendent               =20
                                                                     =20
 Base Annual Salary                     127,050
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/10/2008
   Ending Date of Contract              06/30/2013
   Annual Work Days                     249
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                =20

 Benefits:
 Allowances                                 2,087
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                  =
  =20
   Buyback of Vac. Days                                                  =
  =20
   Buyback of Personal Days                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                           =
  =20
   Annual Buyback of Vac. Days                                           =
  =20
   Annual Buyback of Personal Days                                       =
  =20
   All Other In-Kind/Remuneration                                        =
  =20
                                                                         =
  =20
                                                                         =
  =20

 Additional Comments                                                     =
  =20
                                                                         =
  =20
                                                                         =
  =20
                                                                         =
  =20
                                                                         =
  =20

                               SUSSEX  -  MONTAGUE TWP
 17. Salaries and Benefits of Certain District Employees

 Name                                   John W. Waycie          =20
 Job Title                              Business Administrator       =20
                                                                     =20
 Base Annual Salary                      87,675
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2009
   Ending Date of Contract              06/30/2010
   Annual Work Days                     249
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                =20

 Benefits:
 Allowances                                 2,087
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                  =
  =20
   Buyback of Vac. Days                                                  =
  =20
   Buyback of Personal Days                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20
   Other Post-Emp. Benefits                                              =
  =20

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                           =
  =20
   Annual Buyback of Vac. Days                                           =
  =20
   Annual Buyback of Personal Days                                       =
  =20
   All Other In-Kind/Remuneration                                        =
  =20
                                                                         =
  =20
                                                                         =
  =20

 Additional Comments                                                     =
  =20
                                                                         =
  =20
                                                                         =
  =20
                                                                         =
  =20
                                                                         =
  =20