03/17/2011                                          MONMOUTH  -  FREEHOLD BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2009         October 15, 2010         October 15, 2011
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1182                     1225                     1282





      Pupils on Roll - Special Full-Time                     178                      190                      191


      Subtotal - Pupils On Roll                              1360                     1415                     1473
      Private School Placements                               12                       10                       12



      Pupils Sent to Other Districts-Reg Prog                  1

      Pupils Sent to Other Dists-Spec Ed Prog                  2                        4                        4

      Pupils Received                                          4                        1
 


                                                     MONMOUTH - FREEHOLD BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2009-10          2010-11          2011-12
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     724,497          257,525

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 7,956,512        8,028,124        8,268,967
      Interest Earned on Maintenance Reserve                10-1XXX                        20                1                1
      Other Restricted Miscellaneous Revenues               10-1XXX                   127,254
      Unrestricted Miscellaneous Revenues                   10-1XXX                                     45,800           54,663
      SUBTOTAL                                                                      8,083,786        8,073,925        8,323,631

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                    58,881           62,745
      Other State Aids                                      10-3XXX                     1,409
      Categorical Special Education Aid                     10-3132                   729,203          740,657          740,657
      Equalization Aid                                      10-3176                 5,445,647        7,614,524        7,788,471
      Categorical Security Aid                              10-3177                   434,621
      Categorical Transportation Aid                        10-3121                   150,420
      SUBTOTAL                                                                      6,820,181        8,417,926        8,529,128

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                    29,002           26,512           22,000
      Equalization Aid - ARRA ESF                           16-4520                 1,381,683
      Equalization Aid - ARRA GSF                           17-4521                    53,487
      Education Jobs Fund                                   18-4522                                                     305,687
      SUBTOTAL                                                                      1,464,172           26,512          327,687
      Actual Revenues (Over)/Under Expenditures                                       337,807
      TOTAL OPERATING BUDGET                                                       16,705,946       17,242,860       17,437,971
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    37,957           16,744           11,053

      Revenues from State Sources:                                         
      Preschool Education Aid                               20-3218                                    377,950          264,565
      Other Restricted Entitlements                         20-32XX                   505,386          121,913          115,058
      TOTAL REVENUES FROM STATE SOURCES                                               505,386          499,863          379,623

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              753,489          751,138          595,473
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              425,160          405,062          288,835
      Other                                                 20-4XXX                   891,804          909,053          622,877
      TOTAL REVENUES FROM FEDERAL SOURCES                                           2,070,453        2,065,253        1,507,185
      TOTAL GRANTS AND ENTITLEMENTS                                                 2,613,796        2,581,860        1,897,861
      REPAYMENT OF DEBT
      Transfers from Other Funds                            40-5200                         4

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   611,839          658,411          636,987
      TOTAL REVENUES FROM LOCAL SOURCES                                               611,839          658,411          636,987

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   159,834          137,910          132,734
      TOTAL LOCAL REPAYMENT OF DEBT                                                   771,677          796,321          769,721
      TOTAL REPAYMENT OF DEBT                                                         771,677          796,321          769,721
      TOTAL REVENUES/SOURCES                                                       20,091,419       20,621,041       20,105,553
                                                     MONMOUTH - FREEHOLD BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2009-10          2010-11         2011-12 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          4,930,243        4,741,936        4,540,307
      Special Education                                     11-2XX-100-XXX          1,654,345        1,676,731        1,688,109
      Basic Skills/Remedial                                 11-230-100-XXX             24,853           28,345           26,905
      Bilingual Education                                   11-240-100-XXX            589,203          665,644          665,565
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             39,079           50,050           65,545
      School Sponsored Athletics                            11-402-100-XXX             33,349           45,410           43,610
      Support Services:
      Tuition                                               11-000-100-XXX            783,788          838,916          970,776
      Attendance and Social Work Services                   11-000-211-XXX             22,550           37,310           25,000
      Health Services                                       11-000-213-XXX            190,859          213,138          203,999
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            395,632          529,014          489,401
      Guidance                                              11-000-218-XXX            229,047          245,827          249,760
      Child Study Teams                                     11-000-219-XXX            557,769          614,756          644,922
      Improvement of Instructional Services                 11-000-221-XXX            282,090          299,605          298,230
      Educational Media Services - School Library           11-000-222-XXX            104,045           97,396           85,752
      Instructional Staff Training Services                 11-000-223-XXX             78,066          107,280           82,527
      General Administration                                11-000-230-XXX            500,302          541,518          560,472
      School Administration                                 11-000-240-XXX            561,269          577,069          594,782
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            640,977          705,062          648,127
      Interest Earned on Maintenance Reserve                10-606                                           1                1
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,523,085        1,378,416        1,195,782
      Student Transportation Services                       11-000-270-XXX            431,362          405,793          289,845
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          3,078,902        3,392,686        4,060,173
      Total Support Services Expenditures                                           9,379,743        9,983,786       10,399,548
      TOTAL GENERAL CURRENT EXPENSE                                                16,650,815       17,191,903       17,429,590

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             55,131           36,545
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                              14,412            8,381
      TOTAL CAPITAL EXPENDITURES                                                       55,131           50,957            8,381
      OPERATING BUDGET GRAND TOTAL                                                 16,705,946       17,242,860       17,437,971

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             37,957           16,744           11,053
      Preschool Education Aid:
      Instruction                                           20-218-100-XXX                             297,338          264,565
      Support Services                                      20-218-200-XXX                              80,612
      TOTAL PRESCHOOL EDUCATION AID                                                                    377,950          264,565
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             26,690           21,372           19,472
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             27,675           75,217           72,494
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             69,511
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             31,952           25,324           23,092
      Other Special Projects                                20-XXX-XXX-XXX            349,558
      Total State Projects                                                            505,386          499,863          379,623
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            753,489          751,138          595,473
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            425,160          405,062          288,835
      Other Special Projects                                20-XXX-XXX-XXX            891,804          909,053          622,877
      Total Federal Projects                                                        2,070,453        2,065,253        1,507,185
      TOTAL GRANTS AND ENTITLEMENTS                                                 2,613,796        2,581,860        1,897,861

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            771,677          796,321          769,721
      TOTAL REPAYMENT OF DEBT                                                         771,677          796,321          769,721
      Total Expenditures                                                           20,091,419       20,621,041       20,105,553

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
                                                            11-1XX-100-930
      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                                          20,091,419       20,621,041       20,105,553
 

                                                     MONMOUTH  -  FREEHOLD BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2009             6/30/2010             6/30/2011             6/30/2012

      Unassigned:
        General Operating Budget                               401,979               334,119               334,119               334,119
        Repayment of Debt                                            0                     0                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          1                     1                     1                     1
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                825,000               570,832               570,833               570,834
            Legal Reserve                                      815,126               982,022               257,525                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                  250,000                     0                     0                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                     MONMOUTH  -  FREEHOLD BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2011 - 2012

                                                    2008-09        2009-10           2010-11       2010-11       2011-2012
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           10385           10337          11567          11498          11119
Total Classroom Instruction                                 6209            6700           6727           6709           6582
Classroom-Salaries and Benefits                             5696            6174           6379           6357           6354
Classroom-General Supplies and Textbooks                     444             449            257            265            148
Classroom-Purchased Services and Other                        69              77             90             87             80
Total Support Services                                      1512            1714           1965           1921           1808
Support Services-Salaries and Benefits                      1294            1519           1570           1539           1476
Total Administrative Costs                                  1442            1524           1565           1567           1552
Administration-Salaries and Benefits                        1101            1191           1196           1201           1222
Legal Costs                                                    0              22             26             26             24
Total Operations and Maintenance of Plant                   1142            1333           1208           1197           1060
Operations & Maintenance of Plant-Salary & Ben.              558             594            597            593            611
Total Food Services Costs                                      0               0              0              0              0
Total Extracurricular Costs                                   58              59             77             77             90
Total Equipment Costs                                         66              41              5             26              0
Employee Benefits as a % of Salaries                        31.1            30.8           33.2           32.0           38.8


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2011 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 2010-11 revised appropriations and 2011-12 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.

                                                     MONMOUTH  -  FREEHOLD BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               11-12 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                             MONMOUTH  -  FREEHOLD BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Supplies/Services Purchased from Borough of Freehold Municipality:       
  - Snow Removal                                                           
  - Lawn Maintenance and Grass Cutting                                     
  - Gasoline for District Vehicles                                         
                                                                           
  Received from Borough of Freehold Municipality at No Cost:               
  - Trash Removal and Recycling                                            
  - Water and Sewer                                                        
                                                                           
  Contracted through MOESC:                                                
  - Mandatory Child Abuse and Neglect Training (OTIS)                      
  - Mandatory Alcohol, Tobacco and Drug Prevention Training (OTIS)         
  - Mandatory Right-to-Know Training                                       
  - Non-Public Chapter 192/192 Auxillary and Handicapped Services          
  - Non-Public Textbook Services                                           
  - Non-Public Nursing Services                                            
  - Non-Public Transportation Services                                     
  - IDEA Non-Public Services Administration (Part B and Preschool)         
                                                                           
  Contracted Through MRESC:                                                
  - Cooperative Purchase of Technology Equipment and Supplies              
  - Cooperative Purchase of Custodial Supplies                             
                                                                           
  ACES Natural Gas Cooperative                                             
                                                                           
  Transportation Jointures with Other LEAs - Freehold Township BOE         
                                                                           
  Shared Professional Development Opportunities with Other LEAs            
                                                                           
  Defensive Bus Driver Training with Other LEAs                            
                                                                           
  Monmouth County Shared Public Notice Cooperative                         
                                                                           
  Coutour Data IEP Software - Shared with Regional K-8 Districts           

                             MONMOUTH  -  FREEHOLD BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 11-12 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        8,797,885 (A)
Estimated Net Taxable Valuation (as of 10/01/2011 )         1,078,233,655 (B)
Estimated 11-12 General Fund School Tax Rate=(A)/(B)X100           0.8160 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,797,885 (D)
Estimated Net Taxable Valuation (as of 10/01/2011 )         1,078,233,655 (E)
Estimated 11-12 Total School Tax Rate=(D)/(E)X100                  0.8160 (F)


B. Estimated 11-12 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        8,797,885 (G)
Estimated Equalized Valuation (as of 10/01/2011 )           1,193,198,764 (H)
Estimated 11-12 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.7373 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,797,885 (J)
Estimated Equalized Valuation (as of 10/01/2011 )           1,193,198,764 (K)
Estimated 11-12 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.7373 (L)

                             MONMOUTH  -  FREEHOLD BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Elizabeth O'Connell      
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     147,665
 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                     260
   Annual Vacation Days                  26
   Annual Sick Days                      15
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days   N/A                           

 Benefits:
 Allowances                                 1,200
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        19,792
   Dental Insurance                           273
   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  -  FREEHOLD BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Patrick S. DeGeorge      
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     110,000
 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                     260
   Annual Vacation Days                  20
   Annual Sick Days                      15
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days   N/A                           

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        17,813
   Dental Insurance                           273
   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  -  FREEHOLD BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Patricia Saxton          
 Job Title                              Accountant                    
                                                                      
 Base Annual Salary                      82,955
 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                     260
   Annual Vacation Days                  24
   Annual Sick Days                      15
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days   N/A                           

 Benefits:
 Allowances                                     0
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                        19,792
   Dental Insurance                           273
   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