04/08/2008                                       CAPE MAY  -  NORTH WILDWOOD CITY

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       275                      271                      279


      Pupils on Roll - Special Full-Time                      40                       36                       40
      Pupils on Roll - Special Shared-Time                     1                        1

      Pupils Sent to Contracted Preschool Prog                                          1
      Pupils Sent to Other Districts-Reg Prog                 53                       44                       52
      Pupils Sent to Other Dists-Spec Ed Prog                 28                       29                       28
      Pupils Received                                         42                       38                       45
 


                                                  CAPE MAY - NORTH WILDWOOD CITY

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     333,067          328,141
      Withdrawal from Cap Res-for Local Share               10-307                                     100,000
      Withdrawal from Tuition Reserve-for Tuition adj.      10-311                                      61,241          123,489
      Transfers from Other Funds                            10-5200                                     10,086

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 5,817,655        6,141,957        6,207,000
      Other Local Governmental Units - Restricted           10-12XX                                      7,875
      Tuition                                               10-1300                   891,849          607,277          742,349
      Interest Earned on Capital Reserve Funds              10-1XXX                     3,841                             2,500
      Unrestricted Miscellaneous Revenues                   10-1XXX                   105,613           45,000           40,500
      SUBTOTAL                                                                      6,818,958        6,802,109        6,992,349

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   100,105          100,105
      Special Education Aid                                 10-3130                   346,920          346,920
      Bilingual Education                                   10-3140                     8,197            8,197
      Stabilization Aid                                     10-3171                    83,057           83,057
      Consolidated Aid                                      10-3195                    38,170           38,170
      Additional Formula Aid                                10-3196                    18,264           49,792
      Other State Aids                                      10-3XXX                     1,740
      Categorical Special Education Aid                     10-3132                                                     142,139
      Categorical Security Aid                              10-3177                                                      69,160
      Adjustment Aid                                        10-3178                                                     739,975
      Categorical Transportation Aid                        10-3121                                                      51,514
      SUBTOTAL                                                                        596,453          626,241        1,002,788
      Adjustment for Prior Year Encumbrances                                                            18,429
      Actual Revenues (Over)/Under Expenditures                                       220,861
      TOTAL OPERATING BUDGET                                                        7,636,272        7,951,173        8,446,767
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     4,015            2,500

      Revenues from State Sources:                                         
      Early Childhood Program Aid - Pr Year Carryover       20-3211                                      9,586
      Demonstrably Effect Prog Aid - Pr Year Carryover      20-3212                                     11,728
      Distance Learning Network Aid - Pr Yr Carryover       20-3213                     4,206
      Early Childhood Program Aid                           20-3211                   309,258          302,439
      Demonstrably Effective Program Aid                    20-3212                   151,117          153,781
      Preschool Education Aid                               20-3218                                                     164,585
      Other Restricted Entitlements                         20-32XX                    86,942           93,068           75,708
      TOTAL REVENUES FROM STATE SOURCES                                               551,523          570,602          240,293

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              127,656          111,955           95,162
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              175,870          172,653          146,755
      Other                                                 20-4XXX                    49,850           65,387           47,875
      TOTAL REVENUES FROM FEDERAL SOURCES                                             353,376          349,995          289,792
      TOTAL GRANTS AND ENTITLEMENTS                                                   908,914          923,097          530,085
      REPAYMENT OF DEBT

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   225,824          224,812          223,568
      TOTAL REVENUES FROM LOCAL SOURCES                                               225,824          224,812          223,568
      TOTAL LOCAL REPAYMENT OF DEBT                                                   225,824          224,812          223,568
      TOTAL REPAYMENT OF DEBT                                                         225,824          224,812          223,568
      TOTAL REVENUES/SOURCES                                                        8,771,010        9,099,082        9,200,420
                                                  CAPE MAY - NORTH WILDWOOD CITY

                                                   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          1,893,991        2,013,639        2,199,304
      Special Education                                     11-2XX-100-XXX            298,153          387,462          397,499
      Basic Skills/Remedial                                 11-230-100-XXX            106,111          153,250          223,846
      Bilingual Education                                   11-240-100-XXX             12,605           10,400           16,970
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             15,617           13,500           14,975
      School Sponsored Athletics                            11-402-100-XXX             71,843           65,300           78,249
      Support Services:
      Tuition                                               11-000-100-XXX          2,098,061        1,623,797        1,512,742
      Attendance and Social Work Services                   11-000-211-XXX             88,384          100,400          113,103
      Health Services                                       11-000-213-XXX             86,613           92,066           95,300
      Students - Related & Extraordinary                    11-000-216,217            164,008          169,556          176,790
      Guidance                                              11-000-218-XXX            183,704          206,200          210,536
      Child Study Teams                                     11-000-219-XXX            155,772          212,925          209,790
      Improvement of Instructional Services                 11-000-221-XXX             67,941           72,450           77,800
      Educational Media Services - School Library           11-000-222-XXX            120,220          127,700          130,300
      Instructional Staff Training Services                 11-000-223-XXX              4,779            5,000            5,000
      General Administration                                11-000-230-XXX            206,634          225,800          230,500
      School Administration                                 11-000-240-XXX             52,816           57,155           58,050
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            175,222          161,163          174,227
      Deposit to Maintenance Reserve                        10-606                                                      186,719
      Operation and Maintenance of Plant Services           11-000-26X-XXX            534,153          601,647          637,625
      Student Transportation Services                       11-000-270-XXX            182,558          237,435          255,435
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            931,174        1,066,900          960,290
      Food Services                                         11-000-310-XXX             39,844           44,000           45,000
      Total Support Services Expenditures                                           5,091,883        5,004,194        4,892,488
      TOTAL GENERAL CURRENT EXPENSE                                                 7,490,203        7,647,745        8,010,050

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                                        2,500
      Equipment                                             12-XXX-XXX-73X             37,875           35,000           32,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             52,142          220,473          350,079
      TOTAL CAPITAL EXPENDITURES                                                       90,017          255,473          384,579

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           13-422-100-XXX             10,327           13,700           16,200
      Support Services                                      13-422-200-XXX              3,947            4,438            4,438
      Total Summer School                                                              14,274           18,138           20,638
      TOTAL SPECIAL SCHOOLS                                                            14,274           18,138           20,638
      Transfer of Funds to Charter Schools                  10-000-100-56X             41,778           29,817           31,500
      OPERATING BUDGET GRAND TOTAL                                                  7,636,272        7,951,173        8,446,767

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              4,015            2,500
      Early Childhood Program Aid:
      Instruction                                           20-211-100-XXX            242,361          241,754          100,535
      Support Services                                      20-211-200-XXX             66,897           70,271           64,050
      TOTAL EARLY CHILDHOOD PROGRAM AID                                               309,258          312,025          164,585
      Demonstrably Effective Program Aid:
      Instruction                                           20-212-100-XXX             64,496           99,432
      Support Services                                      20-212-200-XXX             86,184           66,077
      Contribution to Charter Schools                       20-212-100-56X                437
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                                        151,117          165,509
      Distance Learning Network Aid:
      Support Services                                      20-213-200-XXX              4,206
      TOTAL DISTANCE LEARNING NETWORK AID                                               4,206
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             17,424           17,382           14,775
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX                913           33,337           28,336
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             30,066            1,900            1,615
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             23,315           24,009           20,408
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             13,961           12,440           10,574
      Other Special Projects                                20-XXX-XXX-XXX              1,263            4,000
      Total State Projects                                                            551,523          570,602          240,293
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            127,656          111,955           95,162
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            175,870          172,653          146,755
      Other Special Projects                                20-XXX-XXX-XXX             49,850           65,387           47,875
      Total Federal Projects                                                          353,376          349,995          289,792
      TOTAL GRANTS AND ENTITLEMENTS                                                   908,914          923,097          530,085

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            225,824          224,812          223,568
      TOTAL REPAYMENT OF DEBT                                                         225,824          224,812          223,568
      Total Expenditures                                                            8,771,010        9,099,082        9,200,420

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
      Local Contrib-Transfer to Grants & Entitlements       11-1XX-100-930
      Capital Reserve - Transfer to Repayment of Debt       12-000-400-933

      TOTAL EXPENDITURES NET OF TRANSFERS                                           8,771,010        9,099,082        9,200,420

                                                  CAPE MAY  -  NORTH WILDWOOD CITY

                                          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                               216,813               278,903               411,719               225,000
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    135,262               139,103                39,103                41,603
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                161,719               166,310               166,310               353,029
            Legal Reserve                                      574,647               445,586               141,422                     0
            Tuition Reserve                                    265,918               189,316               128,075                 4,586
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                  CAPE MAY  -  NORTH WILDWOOD CITY

                                               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                           17027           18146          19094          20371          19498
Total Classroom Instruction                                 9831           10485          11235          11951          11157
Classroom-Salaries and Benefits                             9113            9802          10531          11199          10265
Classroom-General Supplies and Textbooks                     583             512            542            578            708
Classroom-Purchased Services and Other                       136             171            162            173            185
Total Support Services                                      3388            3619           3752           4051           3991
Support Services-Salaries and Benefits                      2671            2843           2890           3166           3147
Total Administrative Costs                                  1563            1652           1611           1701           1654
Administration-Salaries and Benefits                        1211            1216           1144           1150           1070
Total Operations and Maintenance of Plant                   1801            1928           2062           2206           2209
Operations & Maintenance of Plant-Salary & Ben.              928            1019           1050           1117           1108
Total Food Services Costs                                    138             127            134            143            141
Total Extracurricular Costs                                  294             322            284            302            331
Total Equipment Costs                                         62             121            107            114            100
Employee Benefits as a % of Salaries                        27.0            27.5           29.0           28.7           23.4


 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.

                                                  CAPE MAY  -  NORTH WILDWOOD CITY

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               08-09 Amount           Description of circumstances
                Approp. Due to    

    12640   OTHER RETIREMENT CONTRIB                57,415       District Share PERS Appropriation       


Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:          57,415

                          CAPE MAY  -  NORTH WILDWOOD CITY

Shared Services -- Description of Shared Services
_________________________________________________

  SHARED SERVICES FOR BUSINESS OFFICE OPERATIONS WITH MIDDLE TOWNSHIP.     
  MEMBER OF THE ATLANTIC CAPE MAY SCHOOL BUSINESS OFFICALS JOINT INSURANCE 
  FUND                                                                     
  COOPERATIVE PRICING AGREEMENT FOR ELECTRICAL SERVICES WITH MIDDLE TOWNSHI
  P BOE, AVALON BOE AND STONE HARBOR BOE                                   
  PARTICIPATION IN BOTH ACES AND ACTS PROGRAMS                             
  PURCHASING OF COPY PAPER THROUGH PITTSGROVE BOE                          
  TRANSPORTATION JOINTURE WITH SPECIAL SERVICES                            
  CHILD STUDY TEAM DIRECTOR SHARED WITH WILDWOOD BOE                       
  SPECIAL RESOURCE OFFICER (SRO) WITH NORTH WILDWOOD POLICE DEPARTMENT     

                          CAPE MAY  -  NORTH WILDWOOD CITY

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        6,207,000 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )         3,478,546,249 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.1784 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               6,430,568 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )         3,478,546,249 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.1849 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        6,207,000 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           3,093,498,284 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.2006 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               6,430,568 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           3,093,498,284 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.2079 (L)