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 04/08/2008                                          MIDDLESEX  -  =
CARTERET BORO

                                                    Advertised =
Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006       =
  October 15, 2007         October 15, 2008
                                                      Actual             =
      Actual                 Estimated
 =20
      Pupils on Roll Regular Full-Time                      3505         =
            3498                     3524


      Pupils on Roll - Special Full-Time                     354         =
             396                      398
      Pupils on Roll - Special Shared-Time                    25         =
              16                       16
      Private School Placements                               24         =
              28                       28

      Pupils Sent to Other Districts-Reg Prog                  5         =
               7                        7
      Pupils Sent to Other Dists-Spec Ed Prog                 36         =
              38                       41
      Pupils Received                                          1         =
               2
      Pupils in State Facilities                              14         =
              13                       13
 =0C


                                                     MIDDLESEX - =
CARTERET BORO

                                                      Advertised =
Revenues

      Budget Category                                        Account     =
        2006-07          2007-08          2008-09
                                                                         =
         Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303       =
                            1,535,854

      Revenues from Local Sources:                                       =
 =20
      Local Tax Levy                                        10-1210      =
          22,650,864       23,195,523       24,123,344
      Tuition                                               10-1300      =
                                                19,512
      Unrestricted Miscellaneous Revenues                   10-1XXX      =
             449,828          265,000          265,000
      SUBTOTAL                                                           =
          23,100,692       23,460,523       24,407,856

      Revenues from State Sources:                                       =
 =20
      Core Curriculum Standards Aid                         10-3111      =
          11,413,122       11,413,122
      Transportation Aid                                    10-3120      =
             284,353          284,353
      Special Education Aid                                 10-3130      =
           3,245,912        3,245,912
      Bilingual Education                                   10-3140      =
             231,066          231,066
      Stabilization Aid                                     10-3171      =
             116,404          116,404
      Extraordinary Aid                                     10-3131      =
             231,365          484,181          447,264
      Consolidated Aid                                      10-3195      =
             416,826          416,826
      Additional Formula Aid                                10-3196      =
             558,832        1,139,726
      Other State Aids                                      10-3XXX      =
             506,075          442,438          225,900
      Categorical Special Education Aid                     10-3132      =
                                             2,085,466
      Equalization Aid                                      10-3176      =
                                            21,512,060
      Categorical Security Aid                              10-3177      =
                                             1,219,216
      Categorical Transportation Aid                        10-3121      =
                                               338,921
      SUBTOTAL                                                           =
          17,003,955       17,774,028       25,828,827
      Adjustment for Prior Year Encumbrances                             =
                              673,292
      Actual Revenues (Over)/Under Expenditures                          =
            -715,906
      TOTAL OPERATING BUDGET                                             =
          39,388,741       43,443,697       50,236,683
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                       =
 =20
      Early Childhood Program Aid - Pr Year Carryover       20-3211      =
                                                16,300
      Early Childhood Program Aid                           20-3211      =
           1,771,074        1,710,094
      Demonstrably Effective Program Aid                    20-3212      =
           1,175,768        1,209,969
      Preschool Education Aid                               20-3218      =
                                               724,792
      Other Restricted Entitlements                         20-32XX      =
             598,090        1,329,013          227,113
      TOTAL REVENUES FROM STATE SOURCES                                  =
           3,544,932        4,249,076          968,205

      Revenues from Federal Sources:                                     =
 =20
      Title I                                               20-4411-4416 =
             760,933          825,461          754,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429 =
             711,236        1,233,205        1,048,000
      Other                                                 20-4XXX      =
             621,610          873,682          551,400
      TOTAL REVENUES FROM FEDERAL SOURCES                                =
           2,093,779        2,932,348        2,353,400
      TOTAL GRANTS AND ENTITLEMENTS                                      =
           5,638,711        7,181,424        3,321,605
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303       =
                                                     3

      Revenues from Local Sources:                                       =
 =20
      Local Tax Levy                                        40-1210      =
           1,288,340        1,314,183        1,298,805
      Miscellaneous                                         40-1XXX      =
                                                 6,676
      TOTAL REVENUES FROM LOCAL SOURCES                                  =
           1,288,340        1,314,183        1,305,481

      Revenues from State Sources:                                       =
 =20
      Debt Service Aid Type II                              40-3160      =
             788,002          805,555          802,096
      TOTAL LOCAL REPAYMENT OF DEBT                                      =
           2,076,342        2,119,738        2,107,580
      Actual Revenues (Over)/Under Expenditures                          =
              39,081
      TOTAL REPAYMENT OF DEBT                                            =
           2,115,423        2,119,738        2,107,580
      TOTAL REVENUES/SOURCES                                             =
          47,142,875       52,744,859       55,665,868
                                                     MIDDLESEX - =
CARTERET BORO

                                                   Advertised =
Appropriations

                Budget Category                                Account   =
       2006-07          2007-08         2008-09=20
                                                                         =
    Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      =
11-1XX-100-XXX         12,827,966       13,112,813       15,826,933
      Special Education                                     =
11-2XX-100-XXX          3,743,574        4,057,028        4,339,842
      Bilingual Education                                   =
11-240-100-XXX            678,952          803,835          935,047
      School-Spon. Co/Extra-Curr. Activities                =
11-401-100-XXX             94,072           81,370           83,510
      School Sponsored Athletics                            =
11-402-100-XXX            323,050          406,805          519,442
      Support Services:
      Tuition                                               =
11-000-100-XXX          3,210,274        3,303,454        3,789,110
      Attendance and Social Work Services                   =
11-000-211-XXX             25,535          109,360          873,270
      Health Services                                       =
11-000-213-XXX            280,094          302,566          318,541
      Students - Related & Extraordinary                    =
11-000-216,217            332,278          329,778          339,385
      Guidance                                              =
11-000-218-XXX            960,215        1,003,609          963,458
      Child Study Teams                                     =
11-000-219-XXX          1,043,695        1,133,995        1,284,608
      Improvement of Instructional Services                 =
11-000-221-XXX                             220,789          528,544
      Educational Media Services - School Library           =
11-000-222-XXX            410,666          426,849          393,426
      General Administration                                =
11-000-230-XXX            983,558        1,145,971        1,075,712
      School Administration                                 =
11-000-240-XXX          2,078,682        2,160,817        2,041,978
      Central Svcs & Admin Info Technology                  =
11-000-25X-XXX            604,142          692,927          752,167
      Operation and Maintenance of Plant Services           =
11-000-26X-XXX          3,518,728        4,363,223        4,073,996
      Student Transportation Services                       =
11-000-270-XXX          2,232,340        2,538,100        2,715,539
      Personal Services - Employee Benefits                 =
11-XXX-XXX-2XX          5,697,153        6,573,404        8,105,584
      Total Support Services Expenditures                                =
          21,377,360       24,304,842       27,255,318
      TOTAL GENERAL CURRENT EXPENSE                                      =
          39,044,974       42,766,693       48,960,092

      CAPITAL EXPENDITURES
      Equipment                                             =
12-XXX-XXX-73X            273,582            9,800
      Facilities Acquisition and Construction Services      =
12-000-4XX-XXX                             585,854        1,195,000
      TOTAL CAPITAL EXPENDITURES                                         =
             273,582          595,654        1,195,000

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           =
13-422-100-XXX              6,943           10,000           10,000
      Total Summer School                                                =
               6,943           10,000           10,000
      Other Special Schools:
      Instruction                                           =
13-4XX-100-XXX                              60,000           60,000
      Support Services                                      =
13-4XX-200-XXX             58,252            6,350            6,500
      Total Other Special Schools                                        =
              58,252           66,350           66,500
      Evening School for the Foreign Born - Local:
      Instruction                                           =
13-631-100-XXX              4,990            5,000            5,091
      Total Evening School for Foreign-Born - Local                      =
               4,990            5,000            5,091
      TOTAL SPECIAL SCHOOLS                                              =
              70,185           81,350           81,591
      OPERATING BUDGET GRAND TOTAL                                       =
          39,388,741       43,443,697       50,236,683

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           =
20-211-100-XXX          1,468,803        1,436,892          655,154
      Early Childhood Program Aid:
      Support Services                                      =
20-211-200-XXX            302,271          273,202           85,938
      TOTAL EARLY CHILDHOOD PROGRAM AID                                  =
           1,771,074        1,710,094          741,092
      Demonstrably Effective Program Aid:
      Instruction                                           =
20-212-100-XXX            808,964          756,606
      Support Services                                      =
20-212-200-XXX            366,804          453,363
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                           =
           1,175,768        1,209,969
      Other State Projects:
      Instruction                                           =
20-217-100-XXX                             680,840
      Support Services                                      =
20-217-200-XXX                             326,410
      Facilities Acquisition and Construction Services      =
20-217-400-XXX                              75,000
      TOTAL TARA USED TO SUPPORT PROGRAMS                                =
                            1,082,250
      Nonpublic Textbooks                                   =
20-XXX-XXX-XXX             14,176          241,763          222,113
      Nonpublic Auxiliary Services                          =
20-XXX-XXX-XXX            168,599
      Nonpublic Handicapped Services                        =
20-XXX-XXX-XXX             54,582
      Nonpublic Nursing Services                            =
20-XXX-XXX-XXX             18,860
      Nonpublic Technology Initiative                       =
20-XXX-XXX-XXX             10,160
      Other Special Projects                                =
20-XXX-XXX-XXX            331,713            5,000            5,000
      Total State Projects                                               =
           3,544,932        4,249,076          968,205
      Federal Projects:
      Title I                                               =
20-XXX-XXX-XXX            760,933          825,461          754,000
      I.D.E.A. Part B (Handicapped)                         =
20-XXX-XXX-XXX            711,236        1,233,205        1,048,000
      Other Special Projects                                =
20-XXX-XXX-XXX            621,610          873,682          551,400
      Total Federal Projects                                             =
           2,093,779        2,932,348        2,353,400
      TOTAL GRANTS AND ENTITLEMENTS                                      =
           5,638,711        7,181,424        3,321,605

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           =
40-701-510-XXX          2,115,423        2,119,738        2,107,580
      TOTAL REPAYMENT OF DEBT                                            =
           2,115,423        2,119,738        2,107,580
      Total Expenditures                                                 =
          47,142,875       52,744,859       55,665,868

      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                                =
          47,142,875       52,744,859       55,665,868

                                                     MIDDLESEX  -  =
CARTERET 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                             1,276,442   =
          1,641,807               740,953               740,953
        Repayment of Debt                                       39,084   =
                  3                     3                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          0   =
                  0                     0                     0
            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
         Reserved for Repayment of Debt                              0   =
                  0                     0                     0
 =0C



                                                     MIDDLESEX  -  =
CARTERET 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                            9610         =
   9660           9837          10514          11047
Total Classroom Instruction                                 6116         =
   6260           6272           6614           6991
Classroom-Salaries and Benefits                             5738         =
   5890           6058           6258           6665
Classroom-General Supplies and Textbooks                     268         =
    189            131            205            174
Classroom-Purchased Services and Other                       110         =
    180             82            151            151
Total Support Services                                      1140         =
   1030           1222           1233           1437
Support Services-Salaries and Benefits                      1075         =
    951           1124           1121           1104
Total Administrative Costs                                  1177         =
   1149           1024           1217           1204
Administration-Salaries and Benefits                        1004         =
    974            834           1008           1007
Total Operations and Maintenance of Plant                    969         =
   1032           1115           1244           1177
Operations & Maintenance of Plant-Salary & Ben.              538 =
            561            610            619            641
Total Food Services Costs                                      8         =
      0              0              0              0
Total Extracurricular Costs                                  147         =
    130            146            147            180
Total Equipment Costs                                         49         =
     72              0             22              0
Employee Benefits as a % of Salaries                        20.4         =
   23.7           25.7           25.5           27.9


 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.

                                                    MIDDLESEX  -  =
CARTERET BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               08-09 Amount           =
Description of circumstances
                Approp. Due to   =20



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

                             MIDDLESEX  -  CARTERET BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Insurance - The district participates in the Joint Insurance Program =
for=20
  property, liability, workers compensation, etc. administered by =
NJSBAIG.=20
                                                                         =
 =20
  Natural Gas - The district participates in ACES consortium for Natural =
 =20
  Gas service.                                                           =
 =20
                                                                         =
 =20
  Transportation - The district participates in joint transportation for =
 =20
  special education students witht he Middlesex Regional Educational     =
 =20
  Services Commission (MRESC). The district has a ten-year agreement =
with =20
  MRESC.                                                                 =
 =20
                                                                         =
 =20
  School and Custodial Supplies - The district participates in a =
consortium
  with Educational Data Services for school and custodial supplies.      =
 =20
  Beginning 2008-09 school year, the MRESC will be the lead LEA, incorp- =
 =20
  orating all Middlesex County school districts into one group, =
resulting =20
  in additional savings.                                                 =
 =20
                                                                         =
 =20
  Maintenance Time and Materials Bids - The district participates in a   =
 =20
  consortium with Educational Data Services for time and material bids,  =
 =20
  such as HVAC, electrical, plumbing, paving, etc.                       =
 =20
                                                                         =
 =20
  Telecommunications and Internet - The district has negotiated an       =
 =20
  agreement for tariff rates with Verizon for data and voice. The =
district=20
  has negotiated with Verizon to have a T3 with 3 meg bandwidth for      =
 =20
  internet access at each school, and 100 meg bandwidth at Admin. Bldg. =
for
  inter-school connectivity. Verizon has offered the district the same   =
 =20
  rates as Newark BOE.                                                   =
 =20
                                                                         =
 =20
  Inter Local Services Agreements with the Borough of Carteret - The     =
 =20
  district has a shared services agremeent with the Borough of Carteret  =
 =20
  for security/police services, garbage pick-up, and athletic fields.    =
 =20

                             MIDDLESEX  -  CARTERET BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       =
23,659,434 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           =
978,370,983 (B)
Estimated 08-09 General Fund School Tax Rate=3D(A)/(B)X100           =
2.4182 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              =
24,965,928 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           =
978,370,983 (E)
Estimated 08-09 Total School Tax Rate=3D(D)/(E)X100                  =
2.5518 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       =
23,659,434 (G)
Estimated Equalized Valuation (as of 02/27/2008 )           =
2,411,512,637 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=3D(G)/(H)X100                      =
0.9811 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              =
24,965,928 (J)
Estimated Equalized Valuation (as of 02/27/2008 )           =
2,411,512,637 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=3D(J)/(K)X100                             =
1.0353 (L)