03/26/2008                                           ESSEX  -  GLEN RIDGE BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1666                     1713                     1772


      Pupils on Roll - Special Full-Time                     157                      161                      161
      Pupils on Roll - Special Shared-Time                     2                        3                        4
      Private School Placements                               14                       12                       14

      Pupils Sent to Other Districts-Reg Prog                                           1                        1
      Pupils Sent to Other Dists-Spec Ed Prog                                           2                        3
 


                                                      ESSEX - GLEN RIDGE BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     312,283          543,998

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                21,227,705       22,076,813       23,244,935
      Tuition                                               10-1300                   180,517          178,083          162,400
      Unrestricted Miscellaneous Revenues                   10-1XXX                   325,158          147,500          144,200
      SUBTOTAL                                                                     21,733,380       22,402,396       23,551,535

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   118,486          118,486
      Special Education Aid                                 10-3130                   689,116          689,116
      Bilingual Education                                   10-3140                     4,748            4,748
      Stabilization Aid                                     10-3171                    33,616           33,616
      Extraordinary Aid                                     10-3131                    41,940                            42,070
      Consolidated Aid                                      10-3195                   100,601          100,601
      Additional Formula Aid                                10-3196                    28,397           59,732
      Other State Aids                                      10-3XXX                    83,447           69,525
      Categorical Special Education Aid                     10-3132                                                     997,265
      Categorical Security Aid                              10-3177                                                     133,050
      Categorical Transportation Aid                        10-3121                                                      84,666
      SUBTOTAL                                                                      1,100,351        1,075,824        1,257,051
      Adjustment for Prior Year Encumbrances                                                           595,006
      Actual Revenues (Over)/Under Expenditures                                      -708,784
      TOTAL OPERATING BUDGET                                                       22,124,947       24,385,509       25,352,584
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     8,070           10,693

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              301,724          311,552          286,465
      Other                                                 20-4XXX                    28,443           35,446           30,129
      TOTAL REVENUES FROM FEDERAL SOURCES                                             330,167          346,998          316,594
      TOTAL GRANTS AND ENTITLEMENTS                                                   338,237          357,691          316,594
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                       5,690            7,683
      Transfers from Other Funds                            40-5200                     7,683

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   949,784          940,745          926,742
      TOTAL REVENUES FROM LOCAL SOURCES                                               949,784          940,745          926,742
      TOTAL LOCAL REPAYMENT OF DEBT                                                   957,467          946,435          934,425
      Actual Revenues (Over)/Under Expenditures                                           288
      TOTAL REPAYMENT OF DEBT                                                         957,755          946,435          934,425
      TOTAL REVENUES/SOURCES                                                       23,420,939       25,689,635       26,603,603
                                                      ESSEX - GLEN RIDGE 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          8,622,024        9,296,719        9,689,546
      Special Education                                     11-2XX-100-XXX          1,218,510        1,367,457        1,523,841
      Basic Skills/Remedial                                 11-230-100-XXX            318,548          347,426          363,829
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            128,515          229,613          208,577
      School Sponsored Athletics                            11-402-100-XXX            541,636          596,557          623,627
      Community Services Programs/Operations                11-800-330-XXX              1,526            2,000            2,500
      Support Services:
      Tuition                                               11-000-100-XXX            603,765          525,043          637,379
      Health Services                                       11-000-213-XXX            196,859          251,609          284,981
      Students - Related & Extraordinary                    11-000-216,217            264,592          398,642          437,483
      Guidance                                              11-000-218-XXX            341,271          454,848          446,256
      Child Study Teams                                     11-000-219-XXX            772,399          788,398          823,686
      Improvement of Instructional Services                 11-000-221-XXX             25,850           40,050           36,650
      Educational Media Services - School Library           11-000-222-XXX            389,367          443,330          483,840
      Instructional Staff Training Services                 11-000-223-XXX             13,351           21,921           23,285
      General Administration                                11-000-230-XXX            787,456          792,555          777,112
      School Administration                                 11-000-240-XXX          1,275,044        1,411,034        1,454,314
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            543,316          589,137          610,364
      Operation and Maintenance of Plant Services           11-000-26X-XXX          2,232,920        2,466,068        2,434,548
      Student Transportation Services                       11-000-270-XXX            504,278          549,360          602,278
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          3,270,174        3,661,199        3,876,488
      Total Support Services Expenditures                                          11,220,642       12,393,194       12,928,664
      TOTAL GENERAL CURRENT EXPENSE                                                22,051,401       24,232,966       25,340,584

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             73,546          152,543           12,000
      TOTAL CAPITAL EXPENDITURES                                                       73,546          152,543           12,000
      OPERATING BUDGET GRAND TOTAL                                                 22,124,947       24,385,509       25,352,584

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              8,070           10,693
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            301,724          311,552          286,465
      Other Special Projects                                20-XXX-XXX-XXX             28,443           35,446           30,129
      Total Federal Projects                                                          330,167          346,998          316,594
      TOTAL GRANTS AND ENTITLEMENTS                                                   338,237          357,691          316,594

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            957,755          946,435          934,425
      TOTAL REPAYMENT OF DEBT                                                         957,755          946,435          934,425
      Total Expenditures                                                           23,420,939       25,689,635       26,603,603

      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                                          23,420,939       25,689,635       26,603,603

                                                      ESSEX  -  GLEN RIDGE 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                               408,934               442,499               475,810               475,810
        Repayment of Debt                                       13,661                13,373                 7,683                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                        100                69,625                69,625                69,625
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      340,951               856,281               543,998                     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  -  GLEN RIDGE 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                           10434           11472          12030          12348          12455
Total Classroom Instruction                                 6145            6730           6970           7116           7274
Classroom-Salaries and Benefits                             5873            6295           6608           6598           6909
Classroom-General Supplies and Textbooks                     270             433            360            515            363
Classroom-Purchased Services and Other                         2               2              3              3              2
Total Support Services                                      1270            1320           1546           1544           1574
Support Services-Salaries and Benefits                      1112            1199           1389           1403           1411
Total Administrative Costs                                  1408            1655           1693           1731           1712
Administration-Salaries and Benefits                        1076            1231           1280           1281           1305
Total Operations and Maintenance of Plant                   1227            1330           1297           1430           1379
Operations & Maintenance of Plant-Salary & Ben.              535             576            612            612            646
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                  376             428            513            517            504
Total Equipment Costs                                          9              40              5             81              6
Employee Benefits as a % of Salaries                        22.8            22.7           23.2           23.2           23.0


 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  -  GLEN RIDGE 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  -  GLEN RIDGE BORO

Shared Services -- Description of Shared Services
_________________________________________________

  1. The school district is a member of the Alliance for Competitive Energy
     Services (ACES) for the purchase of natural gas.                      
  2. The school district is a member of the School Alliance Insurance Fund 
     (SAIF) a joint insurance fund consisting of school districts          
     throughout the state for property & casualty, student accident,       
     school leaders professional liability and excess liability insurance. 
  3. The school district is a member of the Essex/Morris Workers           
     Compensation Joint Insurance Fund.                                    
  4. The school has contracted with the Essex County Educational Services  
     Commission to provide the following services:                         
      - special education transportation services                          
      - related special education professional services                    
  5. The school has contracted with the Morris County Educational Services 
     Commission for Non-Public transportation services.                    
  6. The school district has contracted with the Belleville Board of       
     Education for transportation services.                                
  7. The school district is a member of the Glen Rock Board of Education   
     New Jersey Purchasing Cooperative for the following:                  
     - Instructional supplies, furniture and equipment                     
     - Office supplies, furniture and equipment                            
     - Science supplies                                                    
     - Art supplies                                                        
     - Athletic supplies and equipment                                     
     - Cusodial and Maintenance supplies and equipment                     
     - Time and Material contracts for various repair services             
  8. The school district and the Borough of Glen Ridge help one another    
     through the sharing of equipment, maintenance services, snow removal  
     and the use of our school buses by the Borough when needed. In        
     addition, the school district has entered into interlocal aggreements 
     with the Borough for paving of our playgrounds and parking lots       
                                                                           

                              ESSEX  -  GLEN RIDGE BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       23,244,935 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           234,629,485 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           9.9071 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              24,171,677 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           234,629,485 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                 10.3021 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       23,244,935 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           1,520,173,506 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.5291 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              24,171,677 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           1,520,173,506 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.5901 (L)