03/07/2008                                        SUSSEX  -  KITTATINNY REGIONAL

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1114                     1051                     1041
      Pupils on Roll Regular Shared-Time                       8                        8                        8

      Pupils on Roll - Special Full-Time                     123                      130                      135
      Pupils on Roll - Special Shared-Time                     8                       13                       13
      Private School Placements                               10                        7                       12

      Pupils Sent to Other Districts-Reg Prog                                           1                        1
      Pupils Sent to Other Dists-Spec Ed Prog                  2                        3                        2
      Pupils Received                                                                   1
      Pupils in State Facilities                               1                        1                        1
 


                                                   SUSSEX - KITTATINNY REGIONAL

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     400,000          484,000
      Withdraw from Cap Res-Excess Cost & Oth Cap Prj       10-309                                     100,000
      Transfers from Other Funds                            10-5200                     2,776

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                10,666,693       11,266,127       11,805,817
      Tuition                                               10-1300                                      9,000
      Transportation Fees from Other LEAs                   10-1420-1440              249,663          245,000          245,000
      Interest Earned on Capital Reserve Funds              10-1XXX                     5,740            2,400              100
      Other Restricted Miscellaneous Revenues               10-1XXX                   230,016                           100,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                                    200,000          100,000
      SUBTOTAL                                                                     11,152,112       11,722,527       12,250,917

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 3,948,673        3,948,673
      Transportation Aid                                    10-3120                   640,262          640,262
      Special Education Aid                                 10-3130                   702,505          702,505
      Bilingual Education                                   10-3140                     2,318            2,318
      Stabilization Aid                                     10-3171                   523,113          523,113
      Extraordinary Aid                                     10-3131                    37,427                           115,429
      Consolidated Aid                                      10-3195                   148,561          148,561
      Additional Formula Aid                                10-3196                   178,963          363,295
      Other State Aids                                      10-3XXX                    14,455
      Categorical Special Education Aid                     10-3132                                                     563,613
      Equalization Aid                                      10-3176                                                   3,596,866
      Categorical Security Aid                              10-3177                                                      76,186
      Adjustment Aid                                        10-3178                                                   1,611,038
      Categorical Transportation Aid                        10-3121                                                     539,174
      SUBTOTAL                                                                      6,196,277        6,328,727        6,502,306

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                   461,158          380,000          380,000
      SUBTOTAL                                                                        461,158          380,000          380,000
      Adjustment for Prior Year Encumbrances                                                           214,336
      Actual Revenues (Over)/Under Expenditures                                       101,606
      TOTAL OPERATING BUDGET                                                       17,913,929       19,145,590       19,617,223
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     7,250

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                    10,197           11,000           11,000
      TOTAL REVENUES FROM STATE SOURCES                                                10,197           11,000           11,000

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              211,640          220,777          210,000
      Other                                                 20-4XXX                    24,069           32,320           20,000
      TOTAL REVENUES FROM FEDERAL SOURCES                                             235,709          253,097          230,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   253,156          264,097          241,000
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                       5,397            1,919
      Transfers from Other Funds                            40-5200                    43,865

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                                    257,961          264,914
      Miscellaneous                                         40-1XXX                   219,893
      TOTAL REVENUES FROM LOCAL SOURCES                                               219,893          257,961          264,914
      TOTAL LOCAL REPAYMENT OF DEBT                                                   263,758          263,358          266,833
      Actual Revenues (Over)/Under Expenditures                                           787
      TOTAL REPAYMENT OF DEBT                                                         264,545          263,358          266,833
      TOTAL REVENUES/SOURCES                                                       18,431,630       19,673,045       20,125,056
                                                   SUSSEX - KITTATINNY 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          6,500,414        6,630,918        6,770,745
      Special Education                                     11-2XX-100-XXX          1,091,286        1,216,701        1,245,040
      Bilingual Education                                   11-240-100-XXX             17,219           19,561           17,113
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            202,385          210,136          238,896
      School Sponsored Athletics                            11-402-100-XXX            455,643          480,923          500,442
      Other Instructional Programs                          11-4XX-100-XXX             10,161           15,000           15,000
      Community Services Programs/Operations                11-800-330-XXX             24,108           62,852           58,653
      Support Services:
      Tuition                                               11-000-100-XXX            614,743          706,576          775,000
      Attendance and Social Work Services                   11-000-211-XXX             11,929           12,626           12,700
      Health Services                                       11-000-213-XXX             81,183           82,828           84,898
      Students - Related & Extraordinary                    11-000-216,217            173,271          212,915          272,280
      Guidance                                              11-000-218-XXX            528,139          535,865          549,739
      Child Study Teams                                     11-000-219-XXX            240,802          265,910          255,031
      Improvement of Instructional Services                 11-000-221-XXX            216,934          230,315          274,976
      Educational Media Services - School Library           11-000-222-XXX            109,976          112,577          115,773
      Instructional Staff Training Services                 11-000-223-XXX              3,255            5,500            5,500
      General Administration                                11-000-230-XXX            408,451          387,679          407,641
      School Administration                                 11-000-240-XXX            817,117          826,671          770,106
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            229,770          288,671          255,667
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,339,197        1,512,552        1,597,132
      Student Transportation Services                       11-000-270-XXX          1,684,792        1,783,200        1,851,658
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          2,768,689        3,056,656        3,363,133
      Food Services                                         11-000-310-XXX              3,631
      Total Support Services Expenditures                                           9,231,879       10,020,541       10,591,234
      TOTAL GENERAL CURRENT EXPENSE                                                17,533,095       18,656,632       19,437,123

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                       2,400              100
      Equipment                                             12-XXX-XXX-73X            157,086          190,312          120,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            144,996          243,388
      TOTAL CAPITAL EXPENDITURES                                                      302,082          436,100          120,100
      Transfer of Funds to Charter Schools                  10-000-100-56X             78,752           52,858           60,000
      OPERATING BUDGET GRAND TOTAL                                                 17,913,929       19,145,590       19,617,223

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              7,250
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              2,456            2,000            2,000
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX                363            3,000            3,000
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX              2,351            2,000            2,000
      Nonpublic Nursing Services                            20-XXX-XXX-XXX              3,267            3,000            3,000
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              1,760            1,000            1,000
      Total State Projects                                                             10,197           11,000           11,000
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            211,640          220,777          210,000
      Other Special Projects                                20-XXX-XXX-XXX             24,069           32,320           20,000
      Total Federal Projects                                                          235,709          253,097          230,000
      TOTAL GRANTS AND ENTITLEMENTS                                                   253,156          264,097          241,000

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX                             263,358          266,833
      Additional State School Building Aid-Ch.177           40-702-510-XXX            264,545
      Total Additional State School Building Aid                                      264,545
      TOTAL REPAYMENT OF DEBT                                                         264,545          263,358          266,833
      Total Expenditures                                                           18,431,630       19,673,045       20,125,056

      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                                          18,431,630       19,673,045       20,125,056

                                                   SUSSEX  -  KITTATINNY 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                             1,006,058             1,260,058               895,058               413,835
        Repayment of Debt                                        8,103                 7,316                 1,919                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    121,453               127,193                29,693                29,793
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      124,006                 2,777                 2,777                     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  -  KITTATINNY 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                           12084           12350          13324          13755          14240
Total Classroom Instruction                                 7462            7658           8168           8353           8694
Classroom-Salaries and Benefits                             7081            7205           7788           7959           8274
Classroom-General Supplies and Textbooks                     284             341            275            285            309
Classroom-Purchased Services and Other                        98             112            105            109            110
Total Support Services                                      1397            1378           1507           1545           1698
Support Services-Salaries and Benefits                      1337            1319           1434           1469           1617
Total Administrative Costs                                  1447            1435           1449           1541           1498
Administration-Salaries and Benefits                        1261            1241           1243           1276           1250
Total Operations and Maintenance of Plant                   1106            1200           1323           1414           1502
Operations & Maintenance of Plant-Salary & Ben.              542             557            626            643            657
Total Food Services Costs                                      0               3              0              0              0
Total Extracurricular Costs                                  598             634            670            696            761
Total Equipment Costs                                         79             127             19            161            102
Employee Benefits as a % of Salaries                        29.2            25.9           27.3           27.2           29.3


 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.

                           SUSSEX  -  KITTATINNY REGIONAL

Shared Services -- Description of Shared Services
_________________________________________________

  The Kittatinny Regional High School shares services in many ways:        
  1.  Kittatinny Regional H.S., Fredon Elementary, Hampton Elementary,     
  Sandyston-Walpack Elementary and Stillwater Elementary share a curriculum
  coordinator.                                                             
  2.  Kittatinny's sewage treatment plant is also used by the Hampton Elem.
  School.                                                                  
  3.  Hampton Township Recreation League and Kittatinny share athletic     
  fields.                                                                  
  4.  Kittatinny prepares cold lunches daily for Sandyston-Walpack School. 
  5.  Kittatinny is the LEA for all non-public transportation services for 
  the elementary schools in our region.                                    
  6.  Kittatinny provides all transportation services for Sandyston-Walpack
  Elementary school. This service includes preparation of contracts and    
  bidding of routes as well.                                               
  7. Kittatinny serves as host for the 6th grade drown-proofing instruction
  8.  The district pool is available to all community members during open  
  swim time.                                                               
  9.  Athletic fields are used by township recreation leagues.             
  10. The district's Quest Ropes Course is available to other school       
  districts at no charge.                                                  
  11.  The district participates in the EDS purchasing cooperative.        

                           SUSSEX  -  KITTATINNY REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

FREDON TWP               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,651,075 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )           560,848,097 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.4727 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               2,711,152 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )           560,848,097 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.4834 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

FREDON TWP               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,651,075 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             551,964,804 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.4803 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               2,711,152 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             551,964,804 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.4912 (L)


                           SUSSEX  -  KITTATINNY REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

HAMPTON                  

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,378,989 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )           388,825,614 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.1262 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,478,235 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )           388,825,614 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.1517 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

HAMPTON                  

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,378,989 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             775,737,736 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5645 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,478,235 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             775,737,736 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5773 (L)


                           SUSSEX  -  KITTATINNY REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

SANDYSTON TWP            

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        1,466,390 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )           272,454,526 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.5382 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               1,499,609 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )           272,454,526 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.5504 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

SANDYSTON TWP            

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        1,466,390 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             286,655,454 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5116 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               1,499,609 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             286,655,454 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5231 (L)


                           SUSSEX  -  KITTATINNY REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WALPACK TWP              

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                            8,447 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )             2,397,086 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.3524 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                   8,639 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )             2,397,086 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.3604 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WALPACK TWP              

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                            8,447 (G)
Estimated Equalized Valuation (as of 10/01/2007 )               2,509,445 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.3366 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                                   8,639 (J)
Estimated Equalized Valuation (as of 10/01/2007 )               2,509,445 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.3442 (L)


                           SUSSEX  -  KITTATINNY REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

STILLWATER               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,031,071 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )           248,950,991 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.2175 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,099,775 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )           248,950,991 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.2451 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

STILLWATER               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,031,071 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             575,779,778 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5264 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,099,775 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             575,779,778 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5384 (L)