05/22/2008                                    HUNTERDON  -  SOUTH HUNTERDON REGIONAL

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       270                      275                      275
      Pupils on Roll Regular Shared-Time                       2                        2                        3

      Pupils on Roll - Special Full-Time                      65                       66                       70
      Pupils on Roll - Special Shared-Time                     4                        6
      Private School Placements                               10                       12                       10

      Pupils Sent to Other Districts-Reg Prog                  5                        5                        8
      Pupils Sent to Other Dists-Spec Ed Prog                  7                        7                        7
      Pupils Received                                          9                       14                       16
 


                                               HUNTERDON - SOUTH HUNTERDON REGIONAL

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                    185,040          157,244          107,271
      Withdrawal from Cap Res-for Local Share               10-307                    100,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 6,839,303        7,551,434        7,798,491
      Tuition                                               10-1300                   145,679          125,383          118,157
      Interest Earned on Capital Reserve Funds              10-1XXX                    30,252
      Unrestricted Miscellaneous Revenues                   10-1XXX                    57,439           45,000           35,000
      SUBTOTAL                                                                      7,072,673        7,721,817        7,951,648

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   176,048          176,048
      Special Education Aid                                 10-3130                   237,626          237,626
      Bilingual Education                                   10-3140                        18               18
      Stabilization Aid                                     10-3171                   187,602          187,602
      Extraordinary Aid                                     10-3131                    19,052                            10,390
      Consolidated Aid                                      10-3195                    37,085           37,085
      Additional Formula Aid                                10-3196                    19,373           39,327
      Other State Aids                                      10-3XXX                     6,974
      Categorical Special Education Aid                     10-3132                                                     193,476
      Categorical Security Aid                              10-3177                                                      26,535
      Adjustment Aid                                        10-3178                                                     321,207
      Categorical Transportation Aid                        10-3121                                                     158,920
      SUBTOTAL                                                                        683,778          677,706          710,528
      Adjustment for Prior Year Encumbrances                                                           149,374
      Actual Revenues (Over)/Under Expenditures                                         6,787
      TOTAL OPERATING BUDGET                                                        7,863,238        8,706,141        8,769,447
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                       567

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                     7,380            7,380
      Other Restricted Entitlements                         20-32XX                     1,690
      TOTAL REVENUES FROM STATE SOURCES                                                 9,070            7,380

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               13,031           11,076           16,943
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               73,530           53,990           62,900
      Vocational Education                                  20-4430                                      2,196
      Other                                                 20-4XXX                    30,767            7,921
      TOTAL REVENUES FROM FEDERAL SOURCES                                             117,328           75,183           79,843
      TOTAL GRANTS AND ENTITLEMENTS                                                   126,965           82,563           79,843
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                     316,104          557,575
      Transfers from Other Funds                            40-5200                   300,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   723,989          898,419          211,194
      TOTAL REVENUES FROM LOCAL SOURCES                                               723,989          898,419          211,194

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                                                     905,189
      TOTAL LOCAL REPAYMENT OF DEBT                                                 1,023,989        1,214,523        1,673,958
      Actual Revenues (Over)/Under Expenditures                                      -402,741
      TOTAL REPAYMENT OF DEBT                                                         621,248        1,214,523        1,673,958
      TOTAL REVENUES/SOURCES                                                        8,611,451       10,003,227       10,523,248
                                               HUNTERDON - SOUTH HUNTERDON REGIONAL

                                                   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          2,427,639        2,618,656        2,562,921
      Special Education                                     11-2XX-100-XXX            765,080          765,097          787,257
      Bilingual Education                                   11-240-100-XXX             32,783           39,550           39,000
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            106,265          115,888          119,952
      School Sponsored Athletics                            11-402-100-XXX            257,743          359,464          378,123
      Support Services:
      Tuition                                               11-000-100-XXX            561,370          719,670          637,376
      Attendance and Social Work Services                   11-000-211-XXX                               8,663            9,266
      Health Services                                       11-000-213-XXX             78,252           82,812           82,450
      Students - Related & Extraordinary                    11-000-216,217              8,127           20,376           47,376
      Guidance                                              11-000-218-XXX            270,776          290,725          321,607
      Child Study Teams                                     11-000-219-XXX            300,903          285,948          315,433
      Improvement of Instructional Services                 11-000-221-XXX            179,737          181,365          198,387
      Educational Media Services - School Library           11-000-222-XXX            102,847           97,562          107,956
      Instructional Staff Training Services                 11-000-223-XXX             59,662           92,181           95,109
      General Administration                                11-000-230-XXX            170,858          227,415          186,752
      School Administration                                 11-000-240-XXX            126,753          141,634          126,182
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            141,617          183,688          201,005
      Operation and Maintenance of Plant Services           11-000-26X-XXX            541,161          574,487          650,546
      Student Transportation Services                       11-000-270-XXX            608,463          659,829          725,049
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            974,036        1,142,960        1,124,700
      Total Support Services Expenditures                                           4,124,562        4,709,315        4,829,194
      TOTAL GENERAL CURRENT EXPENSE                                                 7,714,072        8,607,970        8,716,447

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                     30,252
      Equipment                                             12-XXX-XXX-73X             18,914           84,671           40,000
      Capital Reserve-Transfer to Capital Expend Fund       12-000-4XX-931            100,000
      TOTAL CAPITAL EXPENDITURES                                                      149,166           84,671           40,000

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           13-422-100-XXX                              13,500           13,000
      Total Summer School                                                                               13,500           13,000
      TOTAL SPECIAL SCHOOLS                                                                             13,500           13,000
      OPERATING BUDGET GRAND TOTAL                                                  7,863,238        8,706,141        8,769,447

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX                567
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX              7,380            7,380
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                                7,380            7,380
      Other State Projects:
      Other Special Projects                                20-XXX-XXX-XXX              1,690
      Total State Projects                                                              9,070            7,380
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             13,031           11,076           16,943
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             73,530           53,990           62,900
      Vocational Education                                  20-XXX-XXX-XXX                               2,196
      Other Special Projects                                20-XXX-XXX-XXX             30,767            7,921
      Total Federal Projects                                                          117,328           75,183           79,843
      TOTAL GRANTS AND ENTITLEMENTS                                                   126,965           82,563           79,843

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            621,248        1,214,523        1,673,958
      TOTAL REPAYMENT OF DEBT                                                         621,248        1,214,523        1,673,958
      Total Expenditures                                                            8,611,451       10,003,227       10,523,248

      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                                           8,611,451       10,003,227       10,523,248

                                               HUNTERDON  -  SOUTH HUNTERDON REGIONAL

                                          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                               156,922               264,515               107,271               107,271
        Repayment of Debt                                      236,638               639,379               557,575                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    576,883               507,135               507,135               507,135
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      342,284               161,559               161,559                54,288
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                               HUNTERDON  -  SOUTH HUNTERDON REGIONAL

                                               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                           19913           18466          20664          20834          21163
Total Classroom Instruction                                11187           10895          11910          11964          11698
Classroom-Salaries and Benefits                            10486           10312          11008          11007          10911
Classroom-General Supplies and Textbooks                     405             365            386            426            443
Classroom-Purchased Services and Other                       296             219            516            530            343
Total Support Services                                      3248            3208           3485           3525           3863
Support Services-Salaries and Benefits                      2124            2217           2405           2471           2647
Total Administrative Costs                                  1849            1305           1602           1676           1637
Administration-Salaries and Benefits                        1290            1015           1108           1161           1217
Total Operations and Maintenance of Plant                   2147            1703           1845           1858           2084
Operations & Maintenance of Plant-Salary & Ben.              976            1006           1044           1049           1177
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                 1205            1186           1600           1597           1655
Total Equipment Costs                                        102              54            249            245            115
Employee Benefits as a % of Salaries                        22.6            20.1           20.8           22.5           21.3


 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.

                       HUNTERDON  -  SOUTH HUNTERDON REGIONAL

Shared Services -- Description of Shared Services
_________________________________________________

  Chil Study Team Services                                                 
  Child Study Team Services                                                
  Transportation Jointure with West Amwell Elementary School               
  Jointures for Field Trips - West Amwell Elementary School, Lambertville  
     Public School and Stockton Borough School                             
  Transportation Jointure for special ed with Delaware Twp School          
  Hunterdon County Educational Services Commission -                       
     Purchasing - Supplies general, nurses's, custodial & PE               
  Hunterdon County ESC - Right to Know Workshops, SE Transportation        
  Hunterdon Central Reg High School Jointure for ESL students              
  Setting up Countywide transportation network for SE                      
  ACES                                                                     
  ACT                                                                      
  Hunterdon County ESC - gasoline and diesel purchasing                    
  Power Curriculum--West Amwell, Lambertville, Stockton, Frenchtown and    
     Milford                                                               

                       HUNTERDON  -  SOUTH HUNTERDON REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

LAMBERTVILLE             

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,444,964 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 )           735,332,762 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.6045 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,766,153 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 )           735,332,762 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.6482 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

LAMBERTVILLE             

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,444,964 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             768,621,386 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5783 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,766,153 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             768,621,386 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6201 (L)


                       HUNTERDON  -  SOUTH HUNTERDON REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

STOCKTON                 

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                          379,789 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 )            97,288,800 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.3904 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                 405,925 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 )            97,288,800 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.4172 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

STOCKTON                 

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                          379,789 (G)
Estimated Equalized Valuation (as of 10/01/2007 )              89,697,921 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.4234 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                 405,925 (J)
Estimated Equalized Valuation (as of 10/01/2007 )              89,697,921 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.4525 (L)


                       HUNTERDON  -  SOUTH HUNTERDON REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WEST AMWELL              

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,850,209 (A)
Estimated Net Taxable Valuation (as of 01/01/2008 )           534,237,469 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.5335 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,057,691 (D)
Estimated Net Taxable Valuation (as of 01/01/2008 )           534,237,469 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.5723 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WEST AMWELL              

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,850,209 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             583,650,217 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.4883 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,057,691 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             583,650,217 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5239 (L)