03/17/2008                                         MIDDLESEX  -  OLD BRIDGE TWP

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      8780                     8581                     8595
      Pupils on Roll Regular Shared-Time                       1                        5                        5
      Pupils on Roll Reg Accr. Adult High Sch                491                      494                      494
      Pupils on Roll - Special Full-Time                     998                     1059                     1064
      Pupils on Roll - Special Shared-Time                     5                       15                       15
      Private School Placements                               82                       73                       78

      Pupils Sent to Other Districts-Reg Prog                  4                        5                        5
      Pupils Sent to Other Dists-Spec Ed Prog                 47                       37                       42
      Pupils Received                                          4                        5                        4
      Pupils in State Facilities                              10                       10                       10
 


                                                    MIDDLESEX - OLD BRIDGE TWP

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     377,300        2,415,719

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                81,116,094       83,269,211       83,083,096
      Tuition                                               10-1300                   174,014           80,000           80,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   668,665          250,000          300,000
      SUBTOTAL                                                                     81,958,773       83,599,211       83,463,096

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                23,553,857       23,553,857
      Supplemental Core Curriculum Standards Aid            10-3112                 2,968,486        2,968,486
      Transportation Aid                                    10-3120                 3,377,484        3,377,484
      Special Education Aid                                 10-3130                 4,331,799        4,331,799
      Bilingual Education                                   10-3140                   402,582          402,582
      Stabilization Aid                                     10-3171                    70,506           70,506
      Aid for Adult and Post-Graduate Programs              10-3191                   705,199
      Extraordinary Aid                                     10-3131                   375,813                           640,743
      Consolidated Aid                                      10-3195                   443,342        1,148,541
      Additional Formula Aid                                10-3196                 1,087,982        2,208,604
      Other State Aids                                      10-3XXX                    87,265                           551,304
      Categorical Special Education Aid                     10-3132                                                   5,142,502
      Equalization Aid                                      10-3176                                                  37,668,416
      Categorical Security Aid                              10-3177                                                     880,345
      Categorical Transportation Aid                        10-3121                                                   2,879,109
      SUBTOTAL                                                                     37,404,315       38,061,859       47,762,419
      Adjustment for Prior Year Encumbrances                                                           634,351
      Actual Revenues (Over)/Under Expenditures                                    -3,301,624
      TOTAL OPERATING BUDGET                                                      116,061,464      122,672,721      133,641,234
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    25,467           13,088

      Revenues from State Sources:                                         
      Demonstrably Effective Program Aid                    20-3212                   138,303          138,303
      Instructional Supplement Aid                          20-3214                   274,515          274,515
      Other Restricted Entitlements                         20-32XX                   536,914        1,155,705          624,948
      TOTAL REVENUES FROM STATE SOURCES                                               949,732        1,568,523          624,948

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              666,934        1,030,058          819,037
      I.D.E.A. Part B (Handicapped)                         20-4420-4429            2,012,793        2,149,031        2,121,924
      Other                                                 20-4XXX                   667,643          550,473
      TOTAL REVENUES FROM FEDERAL SOURCES                                           3,347,370        3,729,562        2,940,961
      TOTAL GRANTS AND ENTITLEMENTS                                                 4,322,569        5,311,173        3,565,909
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                     450,504           30,264

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 3,045,696        2,503,564        2,911,113
      TOTAL REVENUES FROM LOCAL SOURCES                                             3,045,696        2,503,564        2,911,113
      TOTAL LOCAL REPAYMENT OF DEBT                                                 3,045,696        2,954,068        2,941,377
      Actual Revenues (Over)/Under Expenditures                                      -330,264
      TOTAL REPAYMENT OF DEBT                                                       2,715,432        2,954,068        2,941,377
      TOTAL REVENUES/SOURCES                                                      123,099,465      130,937,962      140,148,520
                                                    MIDDLESEX - OLD BRIDGE TWP

                                                   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         35,943,270       36,950,490       38,781,074
      Special Education                                     11-2XX-100-XXX          8,464,663        8,916,297        9,581,867
      Basic Skills/Remedial                                 11-230-100-XXX          2,455,739        2,689,800        3,039,440
      Bilingual Education                                   11-240-100-XXX            880,353          965,868        1,007,730
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            228,920          239,268          253,008
      School Sponsored Athletics                            11-402-100-XXX          1,023,796        1,056,885        1,112,291
      Community Services Programs/Operations                11-800-330-XXX              3,007            3,500            3,500
      Support Services:
      Tuition                                               11-000-100-XXX          5,576,902        5,477,421        5,708,369
      Attendance and Social Work Services                   11-000-211-XXX            182,179          189,732          206,092
      Health Services                                       11-000-213-XXX          1,207,864        1,303,980        1,360,513
      Students - Related & Extraordinary                    11-000-216,217          1,625,464        1,783,632        1,805,954
      Guidance                                              11-000-218-XXX          2,446,497        2,503,209        2,513,310
      Child Study Teams                                     11-000-219-XXX          1,982,258        2,078,176        2,331,761
      Improvement of Instructional Services                 11-000-221-XXX          1,264,045        1,327,537        1,411,187
      Educational Media Services - School Library           11-000-222-XXX          1,199,054        1,219,063        1,272,409
      Instructional Staff Training Services                 11-000-223-XXX             90,267           74,700           74,000
      General Administration                                11-000-230-XXX          1,773,144        2,127,649        2,104,877
      School Administration                                 11-000-240-XXX          4,724,941        5,196,419        5,201,263
      Central Svcs & Admin Info Technology                  11-000-25X-XXX          1,424,859        1,555,141        1,521,153
      Operation and Maintenance of Plant Services           11-000-26X-XXX         13,556,388       14,008,926       15,320,464
      Student Transportation Services                       11-000-270-XXX          8,392,674       10,427,754       10,581,598
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX         18,784,712       20,426,078       21,876,608
      Food Services                                         11-000-310-XXX              4,227
      Total Support Services Expenditures                                          64,235,475       69,699,417       73,289,558
      TOTAL GENERAL CURRENT EXPENSE                                               113,235,223      120,521,525      127,068,468

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X            132,414          409,646          547,112
      Facilities Acquisition and Construction Services      12-000-4XX-XXX          2,010,155        1,021,376        5,266,327
      TOTAL CAPITAL EXPENDITURES                                                    2,142,569        1,431,022        5,813,439

      SPECIAL SCHOOLS
      Accredited Evening/Adult High School/Post-Graduate:
      Instruction                                           13-601-100-XXX            383,624          412,625          429,000
      Support Services                                      13-601-200-XXX            284,860          286,709          297,527
      Total Accredited Evening/Adult HS/Post-Grad.                                    668,484          699,334          726,527
      TOTAL SPECIAL SCHOOLS                                                           668,484          699,334          726,527
      Transfer of Funds to Charter Schools                  10-000-100-56X             15,188           20,840           32,800
      OPERATING BUDGET GRAND TOTAL                                                116,061,464      122,672,721      133,641,234

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             25,467           13,088
      Demonstrably Effective Program Aid:
      Instruction                                           20-212-100-XXX            100,630           89,452
      Support Services                                      20-212-200-XXX             37,673           48,851
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                                        138,303          138,303
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX            274,515          274,515
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                              274,515          274,515
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             69,149           71,203           71,203
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX            149,579          209,438          209,438
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX            168,093          194,993          194,993
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             91,997           98,354           98,354
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             48,443           50,960           50,960
      Other Special Projects                                20-XXX-XXX-XXX              9,653          530,757
      Total State Projects                                                            949,732        1,568,523          624,948
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            666,934        1,030,058          819,037
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX          2,012,793        2,149,031        2,121,924
      Other Special Projects                                20-XXX-XXX-XXX            667,643          550,473
      Total Federal Projects                                                        3,347,370        3,729,562        2,940,961
      TOTAL GRANTS AND ENTITLEMENTS                                                 4,322,569        5,311,173        3,565,909

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          2,715,432        2,954,068        2,941,377
      TOTAL REPAYMENT OF DEBT                                                       2,715,432        2,954,068        2,941,377
      Total Expenditures                                                          123,099,465      130,937,962      140,148,520

      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                                         123,099,465      130,937,962      140,148,520

                                                    MIDDLESEX  -  OLD BRIDGE TWP

                                          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                               510,015             2,772,956             4,072,956             2,192,164
        Repayment of Debt                                      150,504               480,768                30,264                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                        100                   100                   100                   100
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                            0               912,227               534,927                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                    MIDDLESEX  -  OLD BRIDGE TWP

                                               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                            9882           10198          10505          10858          11428
Total Classroom Instruction                                 6026            6235           6462           6592           6940
Classroom-Salaries and Benefits                             5803            6058           6297           6420           6734
Classroom-General Supplies and Textbooks                     210             162            148            151            181
Classroom-Purchased Services and Other                        13              16             18             21             25
Total Support Services                                      1186            1277           1322           1361           1430
Support Services-Salaries and Benefits                      1102            1172           1210           1239           1305
Total Administrative Costs                                   969             968            999           1090           1085
Administration-Salaries and Benefits                         797             806            824            891            901
Total Operations and Maintenance of Plant                   1461            1483           1469           1554           1694
Operations & Maintenance of Plant-Salary & Ben.              467             434            450            460            484
Total Food Services Costs                                      2               0              0              0              0
Total Extracurricular Costs                                  155             158            160            166            175
Total Equipment Costs                                         43              14             41             42             57
Employee Benefits as a % of Salaries                        27.4            27.4           28.3           28.4           29.1


 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.

                                                    MIDDLESEX  -  OLD BRIDGE TWP

                Unusual Revenues and Appropriations
                ___________________________________

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



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                            MIDDLESEX  -  OLD BRIDGE TWP

Shared Services -- Description of Shared Services
_________________________________________________

  1) Fuel Depot-The Township shares its fuel depot with the Board of Educat
  ion at a savings to the district.                                        
  2) Grant Writer - The Board of Education and Township split the cost of  
  salary and benefits for a grant writer, to actively seek outside funding 
  sources for district and township purposes.                              
  3) TV Studio - The Township uses the services of district students to    
  assist in the operation of the District's Local Access Channel.          
  4) Summer Programs/Camp Robin(Special Needs Student Camp)-The Township   
  uses the district schools for summer programs.  The district provides    
  transportation and nursing services for Camp Robin(special needs)students
  5) Before and After School Care Programs - The Township uses the district
  schools for before and after school programs.                            
  6) Parks and Recreation Programs - The township uses the district schools
  for after school activities. The township reimburses the district for    
  custodial costs.                                                         
  7) Ice Arena - The District's Ice Hockey Team uses the Township Ice Arena
  8) Interlocal Agreement for Capital Projects - The district and township 
  have agreed to an interlocal agreement to fund required capital projects.

                            MIDDLESEX  -  OLD BRIDGE TWP

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       83,176,154 (A)
Estimated Net Taxable Valuation (as of 02/01/2008 )         3,375,373,060 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           2.4642 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              85,883,492 (D)
Estimated Net Taxable Valuation (as of 02/01/2008 )         3,375,373,060 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  2.5444 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       83,176,154 (G)
Estimated Equalized Valuation (as of 02/01/2008 )           7,927,132,597 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.0493 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              85,883,492 (J)
Estimated Equalized Valuation (as of 02/01/2008 )           7,927,132,597 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.0834 (L)