03/24/2008                                           SUSSEX  -  STILLWATER TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       350                      361                      367


      Pupils on Roll - Special Full-Time                      48                       50                       42





      Pupils Received                                          4                        5                        3
 


                                                      SUSSEX - STILLWATER TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     130,977           57,165

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 3,256,387        3,368,572        3,600,087
      Tuition                                               10-1300                    72,686           52,110           40,674
      Interest Earned on Capital Reserve Funds              10-1XXX                     1,935              700            2,000
      Other Restricted Miscellaneous Revenues               10-1XXX                    37,494
      Unrestricted Miscellaneous Revenues                   10-1XXX                                     29,000           40,132
      SUBTOTAL                                                                      3,368,502        3,450,382        3,682,893

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                   869,876          869,876
      Transportation Aid                                    10-3120                   163,398          163,398
      Special Education Aid                                 10-3130                   214,883          214,883
      Stabilization Aid                                     10-3171                   539,380          539,380
      Consolidated Aid                                      10-3195                    46,412           46,412
      Additional Formula Aid                                10-3196                    55,018          111,687
      Other State Aids                                      10-3XXX                       222           58,081
      Categorical Special Education Aid                     10-3132                                                     191,858
      Equalization Aid                                      10-3176                                                   1,198,628
      Categorical Security Aid                              10-3177                                                      28,445
      Adjustment Aid                                        10-3178                                                     499,079
      Categorical Transportation Aid                        10-3121                                                     128,275
      SUBTOTAL                                                                      1,889,189        2,003,717        2,046,285
      Adjustment for Prior Year Encumbrances                                                            86,552
      Actual Revenues (Over)/Under Expenditures                                       -92,688
      TOTAL OPERATING BUDGET                                                        5,165,003        5,671,628        5,786,343
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                     2,067
      TOTAL REVENUES FROM STATE SOURCES                                                 2,067

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               13,206           14,404            8,944
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               72,288           84,219           86,936
      Other                                                 20-4XXX                    50,986           55,072           55,012
      TOTAL REVENUES FROM FEDERAL SOURCES                                             136,480          153,695          150,892
      TOTAL GRANTS AND ENTITLEMENTS                                                   138,547          153,695          150,892
      TOTAL REVENUES/SOURCES                                                        5,303,550        5,825,323        5,937,235
                                                      SUSSEX - STILLWATER TWP

                                                   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          2,045,527        2,115,256        2,129,343
      Special Education                                     11-2XX-100-XXX            339,989          375,567          345,146
      Basic Skills/Remedial                                 11-230-100-XXX            113,703          117,328          156,021
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             14,888           17,550           20,100
      Support Services:
      Tuition                                               11-000-100-XXX              4,497
      Health Services                                       11-000-213-XXX             60,934           66,625           74,780
      Students - Related & Extraordinary                    11-000-216,217            116,109          125,208          130,231
      Guidance                                              11-000-218-XXX              2,938            4,000            4,000
      Child Study Teams                                     11-000-219-XXX            228,355          251,532          256,952
      Improvement of Instructional Services                 11-000-221-XXX              3,631            4,500            4,675
      Educational Media Services - School Library           11-000-222-XXX             82,800           87,084           87,520
      Instructional Staff Training Services                 11-000-223-XXX              8,325            7,450            9,500
      General Administration                                11-000-230-XXX            258,231          291,287          282,270
      School Administration                                 11-000-240-XXX            138,593          138,423          139,974
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            132,174          139,656          142,680
      Operation and Maintenance of Plant Services           11-000-26X-XXX            358,926          394,498          433,009
      Student Transportation Services                       11-000-270-XXX            325,232          350,520          376,442
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            903,063          952,613          946,700
      Food Services                                         11-000-310-XXX                               8,000
      Total Support Services Expenditures                                           2,623,808        2,821,396        2,888,733
      TOTAL GENERAL CURRENT EXPENSE                                                 5,137,915        5,447,097        5,539,343

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                                                       66,000
      Interest Earned on Capital Reserve                    10-604                                         700            2,000
      Equipment                                             12-XXX-XXX-73X             27,088           80,400
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                             130,000          128,000
      TOTAL CAPITAL EXPENDITURES                                                       27,088          211,100          196,000
      Transfer of Funds to Charter Schools                  10-000-100-56X                              13,431           51,000
      OPERATING BUDGET GRAND TOTAL                                                  5,165,003        5,671,628        5,786,343

      SPECIAL GRANTS AND ENTITLEMENTS
      Other Special Projects                                20-XXX-XXX-XXX              2,067
      Total State Projects                                                              2,067
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             13,206           14,404            8,944
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             72,288           84,219           86,936
      Other Special Projects                                20-XXX-XXX-XXX             50,986           55,072           55,012
      Total Federal Projects                                                          136,480          153,695          150,892
      TOTAL GRANTS AND ENTITLEMENTS                                                   138,547          153,695          150,892
      Total Expenditures                                                            5,303,550        5,825,323        5,937,235

      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                                           5,303,550        5,825,323        5,937,235

                                                      SUSSEX  -  STILLWATER TWP

                                          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                               103,950               250,222               250,000               250,000
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     87,246                44,181                44,881               112,881
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      270,199               188,141                57,165                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                      SUSSEX  -  STILLWATER TWP

                                               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                           11268           11985          12802          12522          12779
Total Classroom Instruction                                 7258            7802           8200           8027           8103
Classroom-Salaries and Benefits                             7010            7574           7879           7647           7790
Classroom-General Supplies and Textbooks                     247             225            314            376            312
Classroom-Purchased Services and Other                         0               3              6              4              0
Total Support Services                                      1463            1550           1713           1665           1723
Support Services-Salaries and Benefits                      1360            1427           1571           1523           1598
Total Administrative Costs                                  1550            1595           1668           1689           1687
Administration-Salaries and Benefits                        1264            1332           1381           1371           1394
Total Operations and Maintenance of Plant                    939             992           1147           1069           1216
Operations & Maintenance of Plant-Salary & Ben.              439             467            487            473            554
Total Food Services Costs                                     20               0             20             20              0
Total Extracurricular Costs                                   39              47             54             52             50
Total Equipment Costs                                        207              68             62            198              0
Employee Benefits as a % of Salaries                        25.2            26.2           27.3           26.9           25.9


 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.

                                                     SUSSEX  -  STILLWATER TWP

                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

                              SUSSEX  -  STILLWATER TWP

Shared Services -- Description of Shared Services
_________________________________________________

  Fredon School sends Preschool Disabled students to Stillwater School.They
   also send Summer School students to Stillwater School.The two schools   
  share a Learning Disablity Teacher consultant. We lease a classroom      
   to Hampton School. The regional districts share a curriculum coordinator
  .The transportation director for Kittatinny coordinates the non public   
  transportation for the regional district. Stillwater is a member of the  
  Sussex County Co-op for Preschool transportation. We are members of  two 
  cooperative buying groups.We participate in ACES and ACT. These groups   
  save money in energy and telecommunications.The Township of Stillwater   
  provides snow plowing services and the use of machinery when needed to   
  the school. The township recreation committee uses the school's ball     
  fields/soccer fields and provides clay and does maintenance on them.     

                              SUSSEX  -  STILLWATER TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,484,330 (A)
Estimated Net Taxable Valuation (as of 09/30/2007 )           248,950,991 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.3996 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,484,330 (D)
Estimated Net Taxable Valuation (as of 09/30/2007 )           248,950,991 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.3996 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,484,330 (G)
Estimated Equalized Valuation (as of 09/30/2007 )             575,779,778 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6051 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,484,330 (J)
Estimated Equalized Valuation (as of 09/30/2007 )             575,779,778 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6051 (L)