04/21/2010                                        MORRIS  -  MOUNTAIN LAKES BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2008         October 15, 2009         October 15, 2010
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1255                     1283                     1304


      Pupils on Roll - Special Full-Time                     374                      359                      359
      Pupils on Roll - Special Shared-Time                     6                        7                        7
      Private School Placements                               11                       16                       16


      Pupils Sent to Other Dists-Spec Ed Prog                  4                        1                        1
      Pupils Received                                        463                      444                      453
      Pupils in State Facilities                                                        1
 


                                                   MORRIS - MOUNTAIN LAKES BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2008-09          2009-10          2010-11
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     407,897          298,878
      Withdrawal from Cap Res-for Local Share               10-307                                     225,000          125,000
      Withdrawal from Tuition Reserve-Excess over adj.      10-311                                                      400,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                17,504,158       17,822,350       18,254,489
      Tuition                                               10-1300                14,733,464       14,864,771       13,731,500
      Interest Earned on Capital Reserve Funds              10-1XXX                       253              500              500
      Other Restricted Miscellaneous Revenues               10-1XXX                   172,582          140,000          140,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                                    100,000           50,000
      SUBTOTAL                                                                     32,410,457       32,927,621       32,176,489

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                    28,107
      Other State Aids                                      10-3XXX                     6,786
      Categorical Special Education Aid                     10-3132                   631,522          670,594
      Categorical Security Aid                              10-3177                    82,843           87,739
      Adjustment Aid                                        10-3178                    64,118          111,922
      Categorical Transportation Aid                        10-3121                    71,979           80,803
      SUBTOTAL                                                                        885,355          951,058
      Adjustment for Prior Year Encumbrances                                                           423,278
      Actual Revenues (Over)/Under Expenditures                                      -550,013
      TOTAL OPERATING BUDGET                                                       32,745,799       34,934,854       33,000,367
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    96,395

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                   286,551          259,000          206,162
      TOTAL REVENUES FROM STATE SOURCES                                               286,551          259,000          206,162

      Revenues from Federal Sources:                                       
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              243,582          228,858          228,858
      Other                                                 20-4XXX                    27,100
      TOTAL REVENUES FROM FEDERAL SOURCES                                             270,682          228,858          228,858
      TOTAL GRANTS AND ENTITLEMENTS                                                   653,628          487,858          435,020
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,133,184        1,116,424        1,151,079
      TOTAL REVENUES FROM LOCAL SOURCES                                             1,133,184        1,116,424        1,151,079

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                                    124,950          106,726
      TOTAL LOCAL REPAYMENT OF DEBT                                                 1,133,184        1,241,374        1,257,805
      Additional State School Building Aid-CH.177           40-3251                   125,415
      TOTAL ADDITIONAL STATE SCHOOL BUILDING AID                                      125,415
      TOTAL REPAYMENT OF DEBT                                                       1,258,599        1,241,374        1,257,805
      TOTAL REVENUES/SOURCES                                                       34,658,026       36,664,086       34,693,192
                                                   MORRIS - MOUNTAIN LAKES BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2008-09          2009-10         2010-11 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          8,446,390        8,702,564        8,578,284
      Special Education                                     11-2XX-100-XXX          6,367,837        6,666,662        6,196,341
      Basic Skills/Remedial                                 11-230-100-XXX            154,831          163,584          170,700
      Bilingual Education                                   11-240-100-XXX             15,929            6,867            6,485
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            137,561          165,456          153,987
      School Sponsored Athletics                            11-402-100-XXX            611,551          662,453          640,561
      Support Services:
      Tuition                                               11-000-100-XXX            711,829          841,780          855,568
      Health Services                                       11-000-213-XXX          1,112,557        1,025,610          932,238
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            338,214          383,475          385,723
      Guidance                                              11-000-218-XXX            690,608          726,480          734,587
      Child Study Teams                                     11-000-219-XXX            553,811          551,191          574,787
      Improvement of Instructional Services                 11-000-221-XXX            971,841          932,362          713,481
      Educational Media Services - School Library           11-000-222-XXX            351,282          462,355          473,049
      Instructional Staff Training Services                 11-000-223-XXX             47,660           38,658           13,900
      General Administration                                11-000-230-XXX            478,853          485,128          467,401
      School Administration                                 11-000-240-XXX          1,497,133        1,590,249        1,644,767
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            346,713          305,961          305,312
      Operation and Maintenance of Plant Services           11-000-26X-XXX          3,319,895        3,201,670        3,094,647
      Student Transportation Services                       11-000-270-XXX            428,969          487,041          499,035
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          5,041,882        5,901,678        5,976,980
      Food Services                                         11-000-310-XXX             48,189           20,504           16,500
      Total Support Services Expenditures                                          15,939,436       16,954,142       16,687,975
      TOTAL GENERAL CURRENT EXPENSE                                                31,673,535       33,321,728       32,434,333

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                         500              500
      Equipment                                             12-XXX-XXX-73X             52,960           24,501          161,062
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            450,984          962,647
      TOTAL CAPITAL EXPENDITURES                                                      503,944          987,648          161,562

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           13-422-100-XXX            491,631          522,207          394,516
      Support Services                                      13-422-200-XXX             76,689          103,271            9,956
      Total Summer School                                                             568,320          625,478          404,472
      TOTAL SPECIAL SCHOOLS                                                           568,320          625,478          404,472
      OPERATING BUDGET GRAND TOTAL                                                 32,745,799       34,934,854       33,000,367

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             96,395
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              8,235
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             87,428           47,830           47,830
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             11,117            8,332            8,332
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              5,760            4,488
      Other Special Projects                                20-XXX-XXX-XXX            174,011          198,350          150,000
      Total State Projects                                                            286,551          259,000          206,162
      Federal Projects:
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            243,582          228,858          228,858
      Other Special Projects                                20-XXX-XXX-XXX             27,100
      Total Federal Projects                                                          270,682          228,858          228,858
      TOTAL GRANTS AND ENTITLEMENTS                                                   653,628          487,858          435,020

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX                           1,241,374        1,257,805
      Additional State School Building Aid-Ch.177           40-702-510-XXX          1,258,599
      Total Additional State School Building Aid                                    1,258,599
      TOTAL REPAYMENT OF DEBT                                                       1,258,599        1,241,374        1,257,805
      Total Expenditures                                                           34,658,026       36,664,086       34,693,192

      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
      Transfer Property Sale Proceeds to Debt Svc Res       11-000-520-934

      TOTAL EXPENDITURES NET OF TRANSFERS                                          34,658,026       36,664,086       34,693,192
 

                                                   MORRIS  -  MOUNTAIN LAKES BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2008             6/30/2009             6/30/2010             6/30/2011

      Unassigned:
        General Operating Budget                               782,419               764,754               811,703               562,581
        Repayment of Debt                                            1                     1                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    390,773               916,026               691,526               567,026
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      304,845               354,601                49,756                     0
            Tuition Reserve                                    225,000               400,000               400,000                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                   MORRIS  -  MOUNTAIN LAKES BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2010 - 2011

                                                    2007-08        2008-09           2009-10       2009-10       2010-2011
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           18395           18664          18584          19443          18641
Total Classroom Instruction                                10995           11169          11149          11795          11275
Classroom-Salaries and Benefits                            10453           10529          10704          11292          10901
Classroom-General Supplies and Textbooks                     413             479            305            336            250
Classroom-Purchased Services and Other                       129             161            141            167            124
Total Support Services                                      3093            2987           3033           3090           2868
Support Services-Salaries and Benefits                      2670            2626           2806           2814           2702
Total Administrative Costs                                  1743            1697           1709           1764           1761
Administration-Salaries and Benefits                        1391            1450           1461           1521           1569
Legal Costs                                                    0               0             39             32             31
Total Operations and Maintenance of Plant                   1971            2213           2059           2157           2076
Operations & Maintenance of Plant-Salary & Ben.              907             960           1031           1015           1036
Total Food Services Costs                                     31              30             12             12             10
Total Extracurricular Costs                                  525             537            569            599            571
Total Equipment Costs                                        113              32             15             15             97
Employee Benefits as a % of Salaries                        22.2            23.6           26.4           26.3           26.8


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2010 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 2009-10 revised appropriations and 2010-11 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.

                                                   MORRIS  -  MOUNTAIN LAKES BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               10-11 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                           MORRIS  -  MOUNTAIN LAKES BORO

Shared Services -- Description of Shared Services
_________________________________________________

  *We are a member of Educational Data Purchasing Group with 150 schools.  
  *We share our Director of Buildings with the municipality, which         
  includes snow removal, water pipe repairs, concrete repairs, vehicle     
  sharing, field maintenance, and any other specialized repair.            
  *We are a member of ACES for energy purchasing.                          
  *We are a member of E-Rate for reimbursements for communications.        
  *We are in a self insurance pool for Workers' Compensation with schools  
  from Morris and Essex Counties.                                          
  *We are in a self insurance pool for Property and Casualty Insurance     
  with other Morris County schools.                                        
  *We share all services with our municipality where at all possible.      

                           MORRIS  -  MOUNTAIN LAKES BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 10-11 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       17,847,433 (A)
Estimated Net Taxable Valuation (as of 10/01/2009 )         1,284,172,607 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)X100           1.3898 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              18,981,184 (D)
Estimated Net Taxable Valuation (as of 10/01/2009 )         1,284,172,607 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)X100                  1.4781 (F)


B. Estimated 10-11 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       17,847,433 (G)
Estimated Equalized Valuation (as of 10/01/2009 )           1,423,223,177 (H)
Estimated 10-11 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.2540 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              18,981,184 (J)
Estimated Equalized Valuation (as of 10/01/2009 )           1,423,223,177 (K)
Estimated 10-11 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.3337 (L)

                           MORRIS  -  MOUNTAIN LAKES BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   John Kazmark             
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     235,000
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2001
   Ending Date of Contract              06/30/2012
   Annual Work Days                     248
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                   600
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                           MORRIS  -  MOUNTAIN LAKES BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Daniel Borgo             
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     175,341
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           08/01/2006
   Ending Date of Contract              06/30/2010
   Annual Work Days                     248
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                 2,750
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   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