04/02/2008                                       WARREN  -  WARREN HILLS REGIONAL

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      1806                     1698                     1733


      Pupils on Roll - Special Full-Time                     355                      341                      341

      Private School Placements                                9                       12                       17

      Pupils Sent to Other Districts-Reg Prog                  6                       16                       10
      Pupils Sent to Other Dists-Spec Ed Prog                 11                       16                       13
      Pupils Received                                        129                      120                      116
      Pupils in State Facilities                              13                       11                       11
 


                                                  WARREN - WARREN HILLS REGIONAL

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,391,944        1,225,180

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                16,916,300       17,601,422       17,573,824
      Tuition                                               10-1300                 1,316,884        1,531,200        1,331,200
      Transportation Fees from Other LEAs                   10-1420-1440              304,198          310,000          310,495
      Interest Earned on Capital Reserve Funds              10-1XXX                    56,946           25,000           30,000
      Other Restricted Miscellaneous Revenues               10-1XXX                    13,680           15,000           24,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   254,116          219,725          220,000
      SUBTOTAL                                                                     18,862,124       19,702,347       19,489,519

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 7,385,112        7,385,112
      Transportation Aid                                    10-3120                   536,929          536,929
      Special Education Aid                                 10-3130                 1,372,469        1,372,469
      Bilingual Education                                   10-3140                    26,810           26,810
      Extraordinary Aid                                     10-3131                    88,190                           251,330
      Consolidated Aid                                      10-3195                   228,218          228,218
      Additional Formula Aid                                10-3196                   287,984          584,608
      Other State Aids                                      10-3XXX                    19,733
      Categorical Special Education Aid                     10-3132                                                     991,676
      Equalization Aid                                      10-3176                                                   9,420,120
      Categorical Security Aid                              10-3177                                                     154,867
      Categorical Transportation Aid                        10-3121                                                     501,556
      SUBTOTAL                                                                      9,945,445       10,134,146       11,319,549
      Adjustment for Prior Year Encumbrances                                                         1,794,870
      Actual Revenues (Over)/Under Expenditures                                       -43,635
      TOTAL OPERATING BUDGET                                                       28,763,934       33,023,307       32,034,248
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    49,910           49,943
      Other Restricted Entitlements                         20-32XX                     2,721
      TOTAL REVENUES FROM STATE SOURCES                                                52,631           49,943

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              104,440          127,851          115,964
      Title VI                                              20-4417-4418                                59,894
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              400,442          427,914          343,000
      Other                                                 20-4XXX                    86,876           25,573           39,568
      TOTAL REVENUES FROM FEDERAL SOURCES                                             591,758          641,232          498,532
      TOTAL GRANTS AND ENTITLEMENTS                                                   644,389          691,175          498,532
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                         393          300,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,466,725        1,688,987        1,479,966
      Miscellaneous                                         40-1XXX                   900,232
      TOTAL REVENUES FROM LOCAL SOURCES                                             2,366,957        1,688,987        1,479,966

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   414,993          415,508          414,403
      TOTAL LOCAL REPAYMENT OF DEBT                                                 2,781,950        2,104,888        2,194,369
      Actual Revenues (Over)/Under Expenditures                                      -722,831
      TOTAL REPAYMENT OF DEBT                                                       2,059,119        2,104,888        2,194,369
      TOTAL REVENUES/SOURCES                                                       31,467,442       35,819,370       34,727,149
                                                  WARREN - WARREN HILLS REGIONAL

                                                   Advertised Appropriations

                Budget Category                                Account          2006-07          2007-08         2008-09 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          8,827,590        9,476,321        9,151,129
      Special Education                                     11-2XX-100-XXX          2,614,457        2,842,705        3,388,685
      Basic Skills/Remedial                                 11-230-100-XXX            152,846          174,108          287,257
      Bilingual Education                                   11-240-100-XXX              4,626            4,210            5,981
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            195,532          237,895          252,929
      School Sponsored Athletics                            11-402-100-XXX            754,244          946,443          931,727
      Support Services:
      Tuition                                               11-000-100-XXX          1,326,291        1,957,754        1,935,932
      Health Services                                       11-000-213-XXX            275,022          298,989          307,007
      Students - Related & Extraordinary                    11-000-216,217            139,053          168,730          170,332
      Guidance                                              11-000-218-XXX            914,196        1,076,345        1,093,656
      Child Study Teams                                     11-000-219-XXX            600,824          691,255          770,459
      Improvement of Instructional Services                 11-000-221-XXX            419,176          429,591          352,554
      Educational Media Services - School Library           11-000-222-XXX            245,641          257,722          265,824
      Instructional Staff Training Services                 11-000-223-XXX             20,672           44,797           47,464
      General Administration                                11-000-230-XXX          1,193,104          767,566          682,788
      School Administration                                 11-000-240-XXX          1,362,502        1,479,310        1,544,738
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            805,003          894,044          836,981
      Operation and Maintenance of Plant Services           11-000-26X-XXX          2,266,840        2,581,426        2,687,012
      Student Transportation Services                       11-000-270-XXX          1,605,453        2,449,718        1,880,000
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          4,266,032        4,904,981        4,990,000
      Total Support Services Expenditures                                          15,439,809       18,002,228       17,564,747
      TOTAL GENERAL CURRENT EXPENSE                                                27,989,104       31,683,910       31,582,455

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                      25,000           30,000
      Equipment                                             12-XXX-XXX-73X             55,127          171,130           90,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX            699,204        1,125,867          309,793
      TOTAL CAPITAL EXPENDITURES                                                      754,331        1,321,997          429,793
      Transfer of Funds to Charter Schools                  10-000-100-56X             20,499           17,400           22,000
      OPERATING BUDGET GRAND TOTAL                                                 28,763,934       33,023,307       32,034,248

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-214-100-XXX             49,910           49,943
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               49,910           49,943
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX                893
      Nonpublic Nursing Services                            20-XXX-XXX-XXX              1,188
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX                640
      Total State Projects                                                             52,631           49,943
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            104,440          127,851          115,964
      Title VI                                              20-XXX-XXX-XXX                              59,894
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            400,442          427,914          343,000
      Other Special Projects                                20-XXX-XXX-XXX             86,876           25,573           39,568
      Total Federal Projects                                                          591,758          641,232          498,532
      TOTAL GRANTS AND ENTITLEMENTS                                                   644,389          691,175          498,532

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          2,059,119        2,104,888        2,194,369
      TOTAL REPAYMENT OF DEBT                                                       2,059,119        2,104,888        2,194,369
      Total Expenditures                                                           31,467,442       35,819,370       34,727,149

      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                                          31,467,442       35,819,370       34,727,149

                                                  WARREN  -  WARREN HILLS REGIONAL

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2006             6/30/2007             6/30/2008             6/30/2009

      Unreserved:
        General Operating Budget                               987,283               598,176               671,369               588,671
        Repayment of Debt                                      178,388               901,219               300,000                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                  1,423,649             1,480,594             1,505,594             1,535,594
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                    2,063,071             2,534,426             1,142,482                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                  WARREN  -  WARREN HILLS REGIONAL

                                               Advertised Per Pupil Cost Calculations

                                                     2008 - 2009

                                                    2005-06        2006-07           2007-08       2007-08       2008-2009
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           11171           11509          12377          13400          13400
Total Classroom Instruction                                 6605            6668           7037           7609           7634
Classroom-Salaries and Benefits                             5979            5952           6296           6728           6710
Classroom-General Supplies and Textbooks                     250             280            225            324            244
Classroom-Purchased Services and Other                       376             436            516            557            680
Total Support Services                                      1544            1501           1734           1799           1794
Support Services-Salaries and Benefits                      1392            1360           1540           1590           1598
Total Administrative Costs                                  1391            1581           1622           1832           1781
Administration-Salaries and Benefits                        1134            1226           1280           1360           1412
Total Operations and Maintenance of Plant                   1118            1213           1327           1445           1486
Operations & Maintenance of Plant-Salary & Ben.              690             742            786            826            881
Total Food Services Costs                                                                                    0              0
Total Extracurricular Costs                                  505             533            632            693            687
Total Equipment Costs                                         67              26             73             84             43
Employee Benefits as a % of Salaries                        23.8            25.7           28.7           27.6           27.3


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2008 Comparative Spending Guide and can be found on the Department of Education's Internet address:
 http://www.state.nj.us/ education under Finance, when available.  This publication is available in the board office and public
 libraries.  The same calculations were performed using the 2007-08 revised appropriations and 2008-09 budgeted appropriations
 presented in this advertised budget.  Total Comparative Per Pupil Cost is defined as current expense exclusive of tuition
 expenditures, transportation, residential costs, and judgments against the school district. For all years, it also
 includes the restricted entitlement aids.  With the exception of Total Equipment Cost, each of the other per pupil cost
 calculations presented is a component of the total comparative per pupil cost, although all components are not shown.

                                                  WARREN  -  WARREN HILLS REGIONAL

                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

                          WARREN  -  WARREN HILLS REGIONAL

Shared Services -- Description of Shared Services
_________________________________________________

  1. Transportation - Shared Coordinator with Washington Township.  Share  
  bus runs with Washington Township and Mansfield Township.  Investigating 
  options thru Hunterdon Co. Educational Services commission.              
  2. Curriculum - Jointly, with constituent districts, have contracted     
  for the writing of K-8 curricula in Social Studies / English.  Support   
  regular articulation opportunities with constituent districts. Contract  
  with WCSSSD for programs and personnel. Contract for alternative         
  educational programs with the Hunterdon Co. ESC.                         

                          WARREN  -  WARREN HILLS REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

FRANKLIN TWP             

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,887,708 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           410,536,965 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.7034 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,130,894 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           410,536,965 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.7626 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

FRANKLIN TWP             

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        2,887,708 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             471,304,589 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6127 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               3,130,894 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             471,304,589 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6643 (L)


                          WARREN  -  WARREN HILLS REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

MANSFIELD TWP            

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,282,205 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           652,961,468 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.8090 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,727,042 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           652,961,468 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.8771 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

MANSFIELD TWP            

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,282,205 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             933,029,035 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5661 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,727,042 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             933,029,035 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6138 (L)


                          WARREN  -  WARREN HILLS REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WASHINGTON BORO          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,906,917 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           379,341,707 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.0299 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,235,935 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           379,341,707 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.1167 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WASHINGTON BORO          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        3,906,917 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             584,553,362 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6684 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,235,935 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             584,553,362 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.7246 (L)


                          WARREN  -  WARREN HILLS REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WASHINGTON TWP           

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,496,994 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )           660,917,555 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.8317 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,959,919 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )           660,917,555 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.9018 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WASHINGTON TWP           

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        5,496,994 (G)
Estimated Equalized Valuation (as of 10/01/2007 )             904,153,138 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.6080 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               5,959,919 (J)
Estimated Equalized Valuation (as of 10/01/2007 )             904,153,138 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.6592 (L)