03/28/2012                                           SUSSEX  -  FRANKLIN BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2010         October 15, 2011         October 15, 2012
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       417                      404                      411





      Pupils on Roll - Special Full-Time                     105                       99                       99


      Subtotal - Pupils On Roll                               522                      503                      510
      Private School Placements                                2                        1                        2





      Pupils Sent to Other Dists-Spec Ed Prog                  1                        2                        3

      Pupils Received                                          3                        2
 


                                                      SUSSEX - FRANKLIN BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2010-11          2011-12          2012-13
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     225,203          348,329

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 4,321,716        4,408,150        4,496,313
      Tuition                                               10-1300                    41,574
      Interest Earned on Capital Reserve Funds              10-1XXX                     7,031            2,000            1,000
      Other Restricted Miscellaneous Revenues               10-1XXX                    33,000            2,000            2,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                    33,300           46,500           41,500
      SUBTOTAL                                                                      4,436,621        4,458,650        4,540,813

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                     5,463
      Other State Aids                                      10-3XXX                     1,436
      Categorical Special Education Aid                     10-3132                   255,804          255,804          270,678
      Equalization Aid                                      10-3176                 2,523,956        2,523,956        2,525,242
      Categorical Security Aid                              10-3177                    73,780           73,780           75,094
      Adjustment Aid                                        10-3178                   102,797          180,302          206,245
      Categorical Transportation Aid                        10-3121                    42,288           42,288           41,204
      SUBTOTAL                                                                      3,005,524        3,076,130        3,118,463

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                    15,274           13,941           15,400
      Education Jobs Fund                                   18-4522                                    115,720
      SUBTOTAL                                                                         15,274          129,661           15,400
      Actual Revenues (Over)/Under Expenditures                                       116,301
      TOTAL OPERATING BUDGET                                                        7,573,720        7,889,644        8,023,005
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                     3,000

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                   118,133          146,791          146,791
      TOTAL REVENUES FROM STATE SOURCES                                               118,133          146,791          146,791

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               70,367          106,146           70,000
      Title II                                              20-4451-4455               30,701           29,078           21,000
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              222,299          217,149          187,700
      TOTAL REVENUES FROM FEDERAL SOURCES                                             323,367          352,373          278,700
      TOTAL GRANTS AND ENTITLEMENTS                                                   444,500          499,164          425,491
      TOTAL REVENUES/SOURCES                                                        8,018,220        8,388,808        8,448,496
                                                      SUSSEX - FRANKLIN BORO

                                                   Advertised Appropriations

                Budget Category                                Account          2010-11          2011-12         2012-13 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          2,076,545        2,010,288        2,040,694
      Special Education                                     11-2XX-100-XXX          1,020,510        1,156,128        1,132,302
      Basic Skills/Remedial                                 11-230-100-XXX             28,563           14,198           28,584
      Bilingual Education                                   11-240-100-XXX             23,740           28,433           27,849
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             30,295           43,583           44,113
      School Sponsored Athletics                            11-402-100-XXX             32,703           39,259           38,952
      Other Instructional Programs                          11-4XX-100-XXX              6,269
      Summer School                                         11-422-XXX-XXX                              12,700           13,200
      Support Services:
      Tuition                                               11-000-100-XXX            117,017          209,211          275,015
      Health Services                                       11-000-213-XXX             73,859           79,920           81,298
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            115,585          141,000          142,086
      Guidance                                              11-000-218-XXX            126,947          131,186          133,450
      Child Study Teams                                     11-000-219-XXX            310,658          323,522          330,761
      Improvement of Instructional Services                 11-000-221-XXX             72,820           78,344           79,741
      Educational Media Services - School Library           11-000-222-XXX             28,007           33,983           27,363
      Instructional Staff Training Services                 11-000-223-XXX              4,830           17,000           17,000
      General Administration                                11-000-230-XXX            310,120          394,495          356,454
      School Administration                                 11-000-240-XXX            169,418          194,078          187,371
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            215,500          232,377          229,085
      Operation and Maintenance of Plant Services           11-000-26X-XXX            865,200          937,972          891,264
      Student Transportation Services                       11-000-270-XXX            164,792          234,500          234,500
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,353,028        1,535,170        1,654,419
      Food Services                                         11-000-310-XXX             13,500           13,500           13,500
      Total Support Services Expenditures                                           3,941,281        4,556,258        4,653,307
      TOTAL GENERAL CURRENT EXPENSE                                                 7,159,906        7,860,847        7,979,001

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                       2,000            1,000
      Equipment                                             12-XXX-XXX-73X             89,481            6,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             44,440            1,297            3,000
      Capital Reserve-Transfer to Capital Expend Fund       12-000-4XX-931            196,969
      TOTAL CAPITAL EXPENDITURES                                                      330,890            9,297            4,000
      Transfer of Funds to Charter Schools                  10-000-100-56X             82,924           19,500           40,004
      OPERATING BUDGET GRAND TOTAL                                                  7,573,720        7,889,644        8,023,005

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX              3,000
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             11,254            9,385            9,385
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             51,412           68,488           68,488
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             42,132           55,513           55,513
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             13,335           13,405           13,405
      Total State Projects                                                            118,133          146,791          146,791
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             70,367          106,146           70,000
      Title II                                              20-XXX-XXX-XXX             30,701           29,078           21,000
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            222,299          217,149          187,700
      Total Federal Projects                                                          323,367          352,373          278,700
      TOTAL GRANTS AND ENTITLEMENTS                                                   444,500          499,164          425,491
      Total Expenditures                                                            8,018,220        8,388,808        8,448,496

      DEDUCT EXPENDITURES INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
 0250XLocal Contribution - Transfer to Special Revenue      11-1XX-100-93X
      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                                           8,018,220        8,388,808        8,448,496
 

                                                      SUSSEX  -  FRANKLIN BORO

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2010             6/30/2011             6/30/2012             6/30/2013

      Unrestricted:
        General Operating Budget                               256,754               363,899               427,403               249,899
        Repayment of Debt                                            0                     0                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    360,290               228,142               230,142               231,142
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      380,326               289,028               170,825                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Repayment of Debt:
            Restricted for Repayment of Debt                         0                     0                     0                     0
 



                                                      SUSSEX  -  FRANKLIN BORO

                                               Advertised Per Pupil Cost Calculations

                                                     2012 - 2013

                                                    2009-10        2010-11           2011-12       2011-12       2012-2013
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Budgetary Comparative Per Pupil Cost                 13608           13509          14090          14805          14733
Total Classroom Instruction                                 8188            7929           8068           8401           8495
Classroom-Salaries and Benefits                             7934            7748           7812           8147           8263
Classroom-General Supplies and Textbooks                     226             157            217            214            192
Classroom-Purchased Services and Other                        29              24             39             40             41
Total Support Services                                      1829            1820           1940           2049           2076
Support Services-Salaries and Benefits                      1713            1704           1753           1830           1869
Total Administrative Costs                                  1615            1697           1884           2027           1940
Administration-Salaries and Benefits                        1412            1486           1542           1606           1635
Legal Costs                                                    0              13             24             43             23
Total Operations and Maintenance of Plant                   1800            1881           1988           2099           1993
Operations & Maintenance of Plant-Salary & Ben.              887             811            900            937            924
Board Contribution to Food Services                           26              27             26             27             27
Total Extracurricular Costs                                  150             153            185            201            202
Total Equipment Costs                                          7             176              0             12              0
Employee Benefits as a % of Salaries                        28.4            28.8           33.3           31.9           34.1


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2012 Taxpayers' Guide to Education Spending (formerly 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 2011-12
 revised appropriations and 2012-13 budgeted appropriations presented in this advertised budget.  Total Budgetary 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 Budgetary
 comparative per pupil cost, although all components are not shown.

                                                      SUSSEX  -  FRANKLIN BORO

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               12-13 Amount           Description of circumstances
                Approp. Due to    

    00253   SHARED SERVICES REVENUE                 31,500                                               


Total Unusual Revenues: 
                              31,500                   Total Unusual Appropriations:               0

                              SUSSEX  -  FRANKLIN BORO

Shared Services -- Description of Shared Services
_________________________________________________

  Franklin Boro-Road salt & various repair services.                       
  Hardyston Twp.-Gasoline purchased.                                       
  Rockaway Twp. BOE/Central Morris Cooperative-lead agency for #2 fuel oil.
  Alliance for Competitive Energy Services-Electric cooperative.           
  Alliance for Competitive Telecommunications-Long distance phone service. 
  Morris Cnty ESC [Ed-Data]-General,art,P/E & maintenance supply bid co-op.
  School Alliance Insurance Fund-Purchase property,liability& w/c insurance
  Hopatcong BOE/Sussex Reg Co-op--Purchase student transportation services.
  Susex County Ed Services Comm-Purchase nonpublic student services.       
  Brown & Brown Dental Trust--Purchase employee dental insurance.          
  NJ School Employees' Health Insurance Program-Employee medical insurance.
  Morris Cnty Pricing Council-Propane & various supply/repair services.    
  Middlesex Regional ESC Cooperative Pricing System-classroom supplies.    
  As of 1/12, participating in the Sussex Cnty County-wide solar project.  
  As of July 2009, sharing Franlin's Bus. Admin. with Hamburg Boro BOE.    

                              SUSSEX  -  FRANKLIN BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 12-13 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,452,232 (A)
Estimated Net Taxable Valuation (as of 02/09/2012 )           465,191,273 (B)
Estimated 12-13 General Fund School Tax Rate=(A)/(B)X100           0.9571 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,452,232 (D)
Estimated Net Taxable Valuation (as of 02/09/2012 )           465,191,273 (E)
Estimated 12-13 Total School Tax Rate=(D)/(E)X100                  0.9571 (F)


B. Estimated 12-13 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        4,452,232 (G)
Estimated Equalized Valuation (as of 10/01/2011 )             500,637,483 (H)
Estimated 12-13 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.8893 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               4,452,232 (J)
Estimated Equalized Valuation (as of 10/01/2011 )             500,637,483 (K)
Estimated 12-13 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.8893 (L)

                              SUSSEX  -  FRANKLIN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   THOMAS N. TURNER         
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     177,247
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2009
   Ending Date of Contract              06/30/2012
   Annual Work Days                     261
   Annual Vacation Days                  25
   Annual Sick Days                      14
   Annual Personal Days                   5
   Annual Consulting Days                 0
   Other Non-working days                16
   Description-Other Non-working Days   HOLIDAY & ILL IN FAMILY       

 Benefits:
 Allowances                                 7,326
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,048
   Retirement Plans                             0

 Post-Employment Benefits                  17,905
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits           sick day buy back at retirement       
   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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SUSSEX  -  FRANKLIN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   PATRICIA J. PFEIL        
 Job Title                              Principal                     
                                                                      
 Base Annual Salary                     143,342
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2011
   Ending Date of Contract              06/30/2012
   Annual Work Days                     261
   Annual Vacation Days                  24
   Annual Sick Days                      14
   Annual Personal Days                   7
   Annual Consulting Days                 0
   Other Non-working days                16
   Description-Other Non-working Days   HOLIDAY & ILL IN FAMILY       

 Benefits:
 Allowances                                 1,293
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,000
   Retirement Plans                             0

 Post-Employment Benefits                  11,647
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits           BUY BACK OF SICK DAYS AT RETIREMENT   
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration             5,973
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days        BUY BACK OF 10 VAC. DAYS IF UNUSED    
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              SUSSEX  -  FRANKLIN BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   WILLIAM J. SABO          
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     164,230
 FTE                                    1.0
 Shared with Another District?          Y
   District Name                        HAMBURG BORO             
   Job Description in other district    BUSINESS ADMINISTRATOR        
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2011
   Ending Date of Contract              06/30/2012
   Annual Work Days                     261
   Annual Vacation Days                  24
   Annual Sick Days                      12
   Annual Personal Days                  12
   Annual Consulting Days                 0
   Other Non-working days                16
   Description-Other Non-working Days   HOLIDAY & ILL IN FAMILY       

 Benefits:
 Allowances                                 3,929
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                         2,000
   Retirement Plans                             0

 Post-Employment Benefits                  27,120
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits           VALUE OF SICK DAYS AS OF 6/2007       
   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                  SALARY INCLUDES SHARED SERVICE SALARY