03/05/2008                                          BERGEN  -  NEW MILFORD BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1764                     1788                     1861
      Pupils on Roll Regular Shared-Time                       1                        4                        8

      Pupils on Roll - Special Full-Time                     220                      228                      205
      Pupils on Roll - Special Shared-Time                     6                        5                        7
      Private School Placements                               17                       19                       19

      Pupils Sent to Other Districts-Reg Prog                                                                   43
      Pupils Sent to Other Dists-Spec Ed Prog                 28                       28                       37

      Pupils in State Facilities                               3                        1                        1
 


                                                     BERGEN - NEW MILFORD BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     231,227          339,560
      Withdrawal from Cap Res-for Local Share               10-307                                                      500,000
      Transfers from Other Funds                            10-5200                     3,809

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                22,156,722       23,042,991       24,033,738
      Tuition                                               10-1300                     7,549
      Transportation Fees from Individuals                  10-1410                     4,503
      Transportation Fees from Other LEAs                   10-1420-1440                                10,000           15,000
      Interest Earned on Capital Reserve Funds              10-1XXX                    23,321            1,000            1,000
      Other Restricted Miscellaneous Revenues               10-1XXX                     3,887
      Unrestricted Miscellaneous Revenues                   10-1XXX                   195,304          100,000          150,000
      SUBTOTAL                                                                     22,391,286       23,153,991       24,199,738

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   126,397          126,397
      Special Education Aid                                 10-3130                 1,387,088        1,387,088
      Bilingual Education                                   10-3140                    69,074           69,074
      Extraordinary Aid                                     10-3131                   127,019                           325,352
      Consolidated Aid                                      10-3195                   215,271          215,271
      Additional Formula Aid                                10-3196                    54,677          110,994
      Other State Aids                                      10-3XXX                    13,548
      Categorical Special Education Aid                     10-3132                                                   1,153,377
      Equalization Aid                                      10-3176                                                     645,678
      Categorical Security Aid                              10-3177                                                     172,079
      Categorical Transportation Aid                        10-3121                                                     243,768
      SUBTOTAL                                                                      1,993,074        1,908,824        2,540,254
      Adjustment for Prior Year Encumbrances                                                           379,753
      Actual Revenues (Over)/Under Expenditures                                       410,845
      TOTAL OPERATING BUDGET                                                       24,799,014       25,673,795       27,579,552
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                                     25,000

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    24,734           24,734
      Other Restricted Entitlements                         20-32XX                   500,445          605,733          522,769
      TOTAL REVENUES FROM STATE SOURCES                                               525,179          630,467          522,769

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               87,309           43,987           35,190
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              741,940          552,896          324,103
      Other                                                 20-4XXX                    65,800          124,025           36,615
      TOTAL REVENUES FROM FEDERAL SOURCES                                             895,049          720,908          395,908
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,420,228        1,376,375          918,677
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   539,088          541,150          542,538
      TOTAL REVENUES FROM LOCAL SOURCES                                               539,088          541,150          542,538
      TOTAL LOCAL REPAYMENT OF DEBT                                                   539,088          541,150          542,538
      TOTAL REPAYMENT OF DEBT                                                         539,088          541,150          542,538
      TOTAL REVENUES/SOURCES                                                       26,758,330       27,591,320       29,040,767
                                                     BERGEN - NEW MILFORD 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          7,510,636        7,728,008        7,675,566
      Special Education                                     11-2XX-100-XXX          1,130,460        1,260,605        1,362,876
      Basic Skills/Remedial                                 11-230-100-XXX             52,675          100,625          108,358
      Bilingual Education                                   11-240-100-XXX             77,983           92,600           96,976
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            117,506          133,117          133,677
      School Sponsored Athletics                            11-402-100-XXX            416,496          462,424          475,724
      Support Services:
      Tuition                                               11-000-100-XXX          2,279,911        2,129,997        2,877,879
      Attendance and Social Work Services                   11-000-211-XXX             86,784          110,665          113,626
      Health Services                                       11-000-213-XXX            263,320          277,429          299,085
      Students - Related & Extraordinary                    11-000-216,217            743,578          812,556          929,934
      Guidance                                              11-000-218-XXX            493,232          561,006          550,210
      Child Study Teams                                     11-000-219-XXX            578,588          658,065          701,267
      Educational Media Services - School Library           11-000-222-XXX            350,678          366,585          382,924
      Instructional Staff Training Services                 11-000-223-XXX             27,104           32,794           33,000
      General Administration                                11-000-230-XXX            739,140          784,581          807,377
      School Administration                                 11-000-240-XXX          1,208,896        1,370,956        1,300,919
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            649,419          728,058          794,171
      Operation and Maintenance of Plant Services           11-000-26X-XXX          3,553,167        2,961,269        3,035,289
      Student Transportation Services                       11-000-270-XXX            712,658          784,436          837,440
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          3,673,437        3,733,396        4,078,000
      Total Support Services Expenditures                                          15,359,912       15,311,793       16,741,121
      TOTAL GENERAL CURRENT EXPENSE                                                24,665,668       25,089,172       26,594,298

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                       1,000            1,000
      Equipment                                             12-XXX-XXX-73X             87,492           58,623           35,122
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             45,854          525,000          949,132
      TOTAL CAPITAL EXPENDITURES                                                      133,346          584,623          985,254
      OPERATING BUDGET GRAND TOTAL                                                 24,799,014       25,673,795       27,579,552

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX                              25,000
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX             24,734           24,734
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               24,734           24,734
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             62,949           60,697           48,500
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             98,559          141,692          113,354
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX            201,772          273,579          218,863
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             86,428           85,461           68,368
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             46,537           44,304           35,424
      Other Special Projects                                20-XXX-XXX-XXX              4,200                            38,260
      Total State Projects                                                            525,179          630,467          522,769
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             87,309           43,987           35,190
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            741,940          552,896          324,103
      Other Special Projects                                20-XXX-XXX-XXX             65,800          124,025           36,615
      Total Federal Projects                                                          895,049          720,908          395,908
      TOTAL GRANTS AND ENTITLEMENTS                                                 1,420,228        1,376,375          918,677

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            539,088          541,150          542,538
      TOTAL REPAYMENT OF DEBT                                                         539,088          541,150          542,538
      Total Expenditures                                                           26,758,330       27,591,320       29,040,767

      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                                          26,758,330       27,591,320       29,040,767

                                                     BERGEN  -  NEW MILFORD 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                               467,926               506,268               506,268               505,396
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    459,315               682,636               683,636               184,636
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                 65,538                68,895                68,895                68,895
            Legal Reserve                                      850,068               569,915               338,688                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                     BERGEN  -  NEW MILFORD 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                           10156           10595          10868          10987          11024
Total Classroom Instruction                                 6007            5328           5630           5616           5563
Classroom-Salaries and Benefits                             5798            5087           5380           5382           5329
Classroom-General Supplies and Textbooks                     178             196            217            204            204
Classroom-Purchased Services and Other                        32              45             33             31             30
Total Support Services                                      1242            1496           1649           1663           1755
Support Services-Salaries and Benefits                       918            1251           1363           1359           1462
Total Administrative Costs                                  1241            1528           1611           1697           1671
Administration-Salaries and Benefits                        1019            1278           1319           1369           1353
Total Operations and Maintenance of Plant                   1395            1902           1603           1634           1651
Operations & Maintenance of Plant-Salary & Ben.              657             824            896            857            904
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                  269             314            348            351            355
Total Equipment Costs                                         20              43              9             29             17
Employee Benefits as a % of Salaries                        23.8            25.5           24.8           24.5           26.2


 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.

                                                    BERGEN  -  NEW MILFORD 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

                             BERGEN  -  NEW MILFORD BORO

Shared Services -- Description of Shared Services
_________________________________________________

  New Milford School District uses Region V and South Bergen Jointure for  
  joint transportation services as well as out of district special educatio
  n placements.  We also established the Tri-Valley District which includes
  Dumont, Bergenfield and New Milford.  Tri-Valley has developed an autism 
  program and an alternative high school program for our students at a much
  lower cost to the three districts.  Tri-Valley also includes joint transp
  among the districts as well as with Tenefly and RiverDell.               
  New Milford is also a memeber of NESBIG which is an insurance pool of    
  approx. 40 district in Bergen County for general liablility and workers  
  comp. insurance.  We are also a member of BANC which is a jointure for   
  banking services helping us yield a much high return on our investments a
  nd participate with Educational Data Services for purchasing supplies.   

                             BERGEN  -  NEW MILFORD BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       23,538,364 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )         1,946,685,143 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.2092 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              24,087,876 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )         1,946,685,143 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.2374 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       23,538,364 (G)
Estimated Equalized Valuation (as of 01/01/2008 )           1,953,042,767 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.2052 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              24,087,876 (J)
Estimated Equalized Valuation (as of 01/01/2008 )           1,953,042,767 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.2334 (L)