02/29/2008                                        PASSAIC  -  WEST PATERSON BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       901                      893                      902


      Pupils on Roll - Special Full-Time                     101                      120                      121

      Private School Placements                                8                        8                        8
      Pupils Sent to Contracted Preschool Prog                 2

      Pupils Sent to Other Dists-Spec Ed Prog                  5                        3                        2

      Pupils in State Facilities                                                        1                        1
 


                                                   PASSAIC - WEST PATERSON BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     436,095          260,349
      Withdraw from Cap Res-Excess Cost & Oth Cap Prj       10-309                                                      318,667

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                10,427,322       11,385,000       11,983,920
      Unrestricted Miscellaneous Revenues                   10-1XXX                   217,264          170,000          170,000
      SUBTOTAL                                                                     10,644,586       11,555,000       12,153,920

      Revenues from State Sources:                                         
      Special Education Aid                                 10-3130                   606,415          606,415
      Extraordinary Aid                                     10-3131                    60,211                           125,088
      Consolidated Aid                                      10-3195                   101,052          101,052
      Additional Formula Aid                                10-3196                    21,802           44,258
      Other State Aids                                      10-3XXX                    83,024           70,321
      Categorical Special Education Aid                     10-3132                                                     559,579
      Equalization Aid                                      10-3176                                                     239,485
      Categorical Security Aid                              10-3177                                                     110,871
      Categorical Transportation Aid                        10-3121                                                      70,399
      SUBTOTAL                                                                        872,504          822,046        1,105,422
      Actual Revenues (Over)/Under Expenditures                                        33,335
      TOTAL OPERATING BUDGET                                                       11,550,425       12,813,141       13,838,358
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    19,278           19,278
      Other Restricted Entitlements                         20-32XX                     9,462
      TOTAL REVENUES FROM STATE SOURCES                                                28,740           19,278

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               97,227          102,537          102,537
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              214,640          214,640          233,409
      Other                                                 20-4XXX                    24,977           28,479           28,479
      TOTAL REVENUES FROM FEDERAL SOURCES                                             336,844          345,656          364,425
      TOTAL GRANTS AND ENTITLEMENTS                                                   365,584          364,934          364,425
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   210,326          209,531          208,516
      TOTAL REVENUES FROM LOCAL SOURCES                                               210,326          209,531          208,516
      TOTAL LOCAL REPAYMENT OF DEBT                                                   210,326          209,531          208,516
      Actual Revenues (Over)/Under Expenditures                                             2
      TOTAL REPAYMENT OF DEBT                                                         210,328          209,531          208,516
      TOTAL REVENUES/SOURCES                                                       12,126,337       13,387,606       14,411,299
                                                   PASSAIC - WEST PATERSON 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          3,645,485        4,014,090        4,545,624
      Special Education                                     11-2XX-100-XXX            849,255        1,177,494        1,350,113
      Basic Skills/Remedial                                 11-230-100-XXX            274,176           42,377          132,255
      Bilingual Education                                   11-240-100-XXX            100,960          141,380          180,015
      Support Services:
      Tuition                                               11-000-100-XXX            588,004          603,419          513,726
      Attendance and Social Work Services                   11-000-211-XXX             27,408           28,291           18,600
      Health Services                                       11-000-213-XXX            204,828          219,305          186,026
      Students - Related & Extraordinary                    11-000-216,217            512,231          421,497          591,495
      Guidance                                              11-000-218-XXX            241,775          272,926          195,700
      Child Study Teams                                     11-000-219-XXX            369,420          316,663          407,243
      Improvement of Instructional Services                 11-000-221-XXX                             124,049          137,483
      Educational Media Services - School Library           11-000-222-XXX            106,380          102,833          106,871
      Instructional Staff Training Services                 11-000-223-XXX             18,115           15,200           22,700
      General Administration                                11-000-230-XXX            456,560          482,961          426,348
      School Administration                                 11-000-240-XXX            530,515          536,594          496,072
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            214,599          275,602          240,360
      Operation and Maintenance of Plant Services           11-000-26X-XXX            917,353          990,141        1,095,679
      Student Transportation Services                       11-000-270-XXX            394,881          562,212          566,804
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          2,031,455        2,307,452        2,254,247
      Food Services                                         11-000-310-XXX             16,469           33,160           42,830
      Total Support Services Expenditures                                           6,629,993        7,292,305        7,302,184
      TOTAL GENERAL CURRENT EXPENSE                                                11,499,869       12,667,646       13,510,191

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             41,064           20,296
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                             105,400          318,667
      TOTAL CAPITAL EXPENDITURES                                                       41,064          125,696          318,667
      Transfer of Funds to Charter Schools                  10-000-100-56X              9,492           19,799            9,500
      OPERATING BUDGET GRAND TOTAL                                                 11,550,425       12,813,141       13,838,358

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-214-100-XXX             19,278           19,278
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               19,278           19,278
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              9,462
      Total State Projects                                                             28,740           19,278
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             97,227          102,537          102,537
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            214,640          214,640          233,409
      Other Special Projects                                20-XXX-XXX-XXX             24,977           28,479           28,479
      Total Federal Projects                                                          336,844          345,656          364,425
      TOTAL GRANTS AND ENTITLEMENTS                                                   365,584          364,934          364,425

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            210,328          209,531          208,516
      TOTAL REPAYMENT OF DEBT                                                         210,328          209,531          208,516
      Total Expenditures                                                           12,126,337       13,387,606       14,411,299

      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                                          12,126,337       13,387,606       14,411,299

                                                   PASSAIC  -  WEST PATERSON 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                               520,510               578,433               396,333               250,000
        Repayment of Debt                                            2                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          1                     1               318,668                     1
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      275,191               221,678               114,016                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                   PASSAIC  -  WEST PATERSON 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                           10263           10472          11377          11373          12150
Total Classroom Instruction                                 5972            6135           6956           6810           7557
Classroom-Salaries and Benefits                             5726            5805           6641           6500           7127
Classroom-General Supplies and Textbooks                     214             283            260            255            372
Classroom-Purchased Services and Other                        32              46             55             55             58
Total Support Services                                      1732            1798           1810           1813           1952
Support Services-Salaries and Benefits                      1427            1489           1460           1453           1550
Total Administrative Costs                                  1457            1477           1448           1592           1377
Administration-Salaries and Benefits                        1261            1288           1231           1372           1152
Total Operations and Maintenance of Plant                   1077            1046           1131           1126           1221
Operations & Maintenance of Plant-Salary & Ben.              643             610            653            650            720
Total Food Services Costs                                     25              16             33             33             42
Total Extracurricular Costs                                                                                  0              0
Total Equipment Costs                                         70              41              0             20              0
Employee Benefits as a % of Salaries                        28.3            28.2           29.8           29.6           26.4


 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.

                                                   PASSAIC  -  WEST PATERSON 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

                           PASSAIC  -  WEST PATERSON BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       11,983,920 (A)
Estimated Net Taxable Valuation (as of 01/07/2008 )           826,977,277 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.4491 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              12,192,436 (D)
Estimated Net Taxable Valuation (as of 01/07/2008 )           826,977,277 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.4743 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       11,983,920 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           1,779,377,152 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6735 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              12,192,436 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           1,779,377,152 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6852 (L)