03/12/2012                                           MONMOUTH  -  NEPTUNE CITY

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2010         October 15, 2011         October 15, 2012
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       347                      342                      355





      Pupils on Roll - Special Full-Time                      52                       49                       48


      Subtotal - Pupils On Roll                               399                      391                      403
      Private School Placements                               17                       20                       16



      Pupils Sent to Other Districts-Reg Prog                137                      139                      153

      Pupils Sent to Other Dists-Spec Ed Prog                 12                       17                       18



      Pupils in State Facilities                                                        2
 


                                                      MONMOUTH - NEPTUNE CITY

                                                      Advertised Revenues

      Budget Category                                        Account             2010-11          2011-12          2012-13
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     862,619        1,073,483
      Withdrawal from Tuition Reserve-for Tuition adj.      10-311                    100,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 4,917,380        5,033,670        5,197,941
      Interest Earned on Capital Reserve Funds              10-1XXX                        55               50               20
      Unrestricted Miscellaneous Revenues                   10-1XXX                    10,969            6,050            2,000
      SUBTOTAL                                                                      4,928,404        5,039,770        5,199,961

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                   118,100
      Categorical Special Education Aid                     10-3132                   320,697          320,697          339,557
      Equalization Aid                                      10-3176                 1,355,948        1,434,030        1,576,474
      Categorical Security Aid                              10-3177                                                      21,044
      Categorical Transportation Aid                        10-3121                                                      25,153
      SUBTOTAL                                                                      1,794,745        1,754,727        1,962,228

      Revenues from Federal Sources:                                       
      Education Jobs Fund                                   18-4522                                     68,489
      SUBTOTAL                                                                                          68,489
      Adjustment for Prior Year Encumbrances                                                            14,980
      Actual Revenues (Over)/Under Expenditures                                      -294,696
      TOTAL OPERATING BUDGET                                                        6,528,453        7,740,585        8,235,672
      GRANTS AND ENTITLEMENTS

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               86,979           85,306           73,000
      Title II                                              20-4451-4455               35,546                            25,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              168,033          166,488          135,000
      Other                                                 20-4XXX                                     28,748
      TOTAL REVENUES FROM FEDERAL SOURCES                                             290,558          280,542          233,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   290,558          280,542          233,000
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                         560              195
      Transfers from Other Funds                            40-5200                       195

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   528,109          534,324          534,105
      TOTAL REVENUES FROM LOCAL SOURCES                                               528,109          534,324          534,105

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   177,964          177,925          177,731
      TOTAL LOCAL REPAYMENT OF DEBT                                                   706,268          712,809          712,031
      Actual Revenues (Over)/Under Expenditures                                         6,701
      TOTAL REPAYMENT OF DEBT                                                         712,969          712,809          712,031
      TOTAL REVENUES/SOURCES                                                        7,531,980        8,733,936        9,180,703
                                                      MONMOUTH - NEPTUNE CITY

                                                   Advertised Appropriations

                Budget Category                                Account          2010-11          2011-12         2012-13 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          1,537,023        1,625,516        1,618,400
      Special Education                                     11-2XX-100-XXX            268,656          289,100          338,220
      Basic Skills/Remedial                                 11-230-100-XXX             80,304           92,100           47,600
      Bilingual Education                                   11-240-100-XXX             54,672           56,804           57,670
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             12,807           20,000           20,500
      School Sponsored Athletics                            11-402-100-XXX             29,331           37,000           37,000
      Community Services Programs/Operations                11-800-330-XXX                               1,000            1,000
      Support Services:
      Tuition                                               11-000-100-XXX          2,315,945        2,969,569        3,312,655
      Attendance and Social Work Services                   11-000-211-XXX             21,337           28,950           28,550
      Health Services                                       11-000-213-XXX             54,833           58,200           59,500
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            221,997          145,800          243,900
      Child Study Teams                                     11-000-219-XXX            100,207          106,700          111,200
      Educational Media Services - School Library           11-000-222-XXX              2,885            5,500            6,000
      Instructional Staff Training Services                 11-000-223-XXX              3,835            5,000           30,000
      General Administration                                11-000-230-XXX            199,013          235,400          214,875
      School Administration                                 11-000-240-XXX             83,951           98,100           92,600
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            143,133          165,000          151,725
      Operation and Maintenance of Plant Services           11-000-26X-XXX            332,475          403,814          408,720
      Student Transportation Services                       11-000-270-XXX            198,846          305,585          283,500
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            821,372        1,015,714        1,123,000
      Total Support Services Expenditures                                           4,499,829        5,543,332        6,066,225
      TOTAL GENERAL CURRENT EXPENSE                                                 6,482,622        7,664,852        8,186,615

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                         55               50               20
      Equipment                                             12-XXX-XXX-73X                              30,185           25,000
      TOTAL CAPITAL EXPENDITURES                                                           55           30,235           25,020
      Transfer of Funds to Charter Schools                  10-000-100-56X             45,776           45,498           24,037
      OPERATING BUDGET GRAND TOTAL                                                  6,528,453        7,740,585        8,235,672

      SPECIAL GRANTS AND ENTITLEMENTS
      Title I                                               20-XXX-XXX-XXX             86,979           85,306           73,000
      Federal Projects:
      Title II                                              20-XXX-XXX-XXX             35,546                            25,000
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            168,033          166,488          135,000
      Other Special Projects                                20-XXX-XXX-XXX                              28,748
      Total Federal Projects                                                          290,558          280,542          233,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   290,558          280,542          233,000

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            712,969          712,809          712,031
      TOTAL REPAYMENT OF DEBT                                                         712,969          712,809          712,031
      Total Expenditures                                                            7,531,980        8,733,936        9,180,703

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
 0250XLocal Contribution - Transfer to Special Revenue      11-1XX-100-93X
      Capital Reserve - Transfer to Repayment of Debt       12-000-400-933
      Transfer Property Sale Proceeds to Debt Svc Res       11-000-520-934

      TOTAL EXPENDITURES NET OF TRANSFERS                                           7,531,980        8,733,936        9,180,703
 

                                                      MONMOUTH  -  NEPTUNE CITY

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2010             6/30/2011             6/30/2012             6/30/2013

      Unrestricted:
        General Operating Budget                               535,754               512,926               446,182               250,000
        Repayment of Debt                                        7,456                   755                   195                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     11,068                11,123                11,173                11,193
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    1,286,078             1,595,094               877,301                     0
            Tuition Reserve                                    100,000                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Repayment of Debt:
            Restricted for Repayment of Debt                         0                     0                     0                     0
 



                                                      MONMOUTH  -  NEPTUNE CITY

                                               Advertised Per Pupil Cost Calculations

                                                     2012 - 2013

                                                    2009-10        2010-11           2011-12       2011-12       2012-2013
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Budgetary Comparative Per Pupil Cost                 10185           10213          11401          11256          11391
Total Classroom Instruction                                 6648            6509           7405           7119           7088
Classroom-Salaries and Benefits                             6306            6315           6975           6694           6609
Classroom-General Supplies and Textbooks                     237              91            302            298            344
Classroom-Purchased Services and Other                       106             103            129            127            135
Total Support Services                                      1122            1230           1105           1128           1451
Support Services-Salaries and Benefits                       721             782            851            842            877
Total Administrative Costs                                  1320            1365           1494           1628           1478
Administration-Salaries and Benefits                        1081            1117           1167           1281           1134
Legal Costs                                                    0               4             27             33             42
Total Operations and Maintenance of Plant                    949             973           1207           1193           1187
Operations & Maintenance of Plant-Salary & Ben.              482             489            584            578            578
Board Contribution to Food Services                            0               0              0              0              0
Total Extracurricular Costs                                  145             137            187            185            185
Total Equipment Costs                                          0               0             78             77             62
Employee Benefits as a % of Salaries                        30.1            31.5           37.3           37.6           42.5


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2012 Taxpayers' Guide to Education Spending (formerly 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 2011-12
 revised appropriations and 2012-13 budgeted appropriations presented in this advertised budget.  Total Budgetary 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 Budgetary
 comparative per pupil cost, although all components are not shown.

                              MONMOUTH  -  NEPTUNE CITY

Shared Services -- Description of Shared Services
_________________________________________________

  With the Borough of Neptune City - Use of recreational facilities.       
  Gasoline is purchased through the Borough's bid process.                 
  Our vehicles and equipment are serviced by the Borough's mechanic.       
  Office supplies are purchased through the Middlesex Educational          
  Services Commission.                                                     
  Equipment is shared frequentlybetween the Borough Public Works Dept      
  and the District.                                                        
  Snow removal is assisted by the Dept of Public Works.                    
  Garbage and recycling is picked up as part of the Borough's bid.         
  Transportation, as required, is provided through jointures with          
  Neptune Twsp, Red Bank Reg Avon and MOESC.                               

                              MONMOUTH  -  NEPTUNE CITY

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 12-13 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,197,941 (A)
Estimated Net Taxable Valuation (as of 10/01/2011 )           433,139,119 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100           1.2001 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,732,046 (D)
Estimated Net Taxable Valuation (as of 10/01/2011 )           433,139,119 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)X100                  1.3234 (F)


B. Estimated 12-13 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,197,941 (G)
Estimated Equalized Valuation (as of 10/01/2011 )             528,891,679 (H)
Estimated 12-13 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.9828 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,732,046 (J)
Estimated Equalized Valuation (as of 10/01/2011 )             528,891,679 (K)
Estimated 12-13 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.0838 (L)

                              MONMOUTH  -  NEPTUNE CITY
 17. Salaries and Benefits of Certain District Employees

 Name                                   Debra Mercora            
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     122,500
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           09/22/2011
   Ending Date of Contract              06/30/2016
   Annual Work Days                     252
   Annual Vacation Days                  10
   Annual Sick Days                      12
   Annual Personal Days                   4
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                 2,000
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                           250
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              MONMOUTH  -  NEPTUNE CITY
 17. Salaries and Benefits of Certain District Employees

 Name                                   William Folk             
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     122,718
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2011
   Ending Date of Contract              06/30/2012
   Annual Work Days                     252
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   4
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                 1,200
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                           250
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                  33,509
 Description of:
   Buyback of Sick Days               50% per diem up to $15,000            
   Buyback of Vac. Days               per diem up to 40 days                
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments