03/18/2009                                           ATLANTIC  -  MARGATE CITY

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2007         October 15, 2008         October 15, 2009
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       491                      536                      549


      Pupils on Roll - Special Full-Time                      69                       68                       66

      Private School Placements                                1                        2                        2

      Pupils Sent to Other Districts-Reg Prog                135                      124                      122
      Pupils Sent to Other Dists-Spec Ed Prog                 16                       16                       19
      Pupils Received                                         65                      100                       97
      Pupils in State Facilities                                                        1                        1
 


                                                      ATLANTIC - MARGATE CITY

                                                      Advertised Revenues

      Budget Category                                        Account             2007-08          2008-09          2009-10
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,258,619        1,803,390

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                10,173,118       10,173,118        9,987,118
      Tuition                                               10-1300                   822,310          793,116          793,801
      Unrestricted Miscellaneous Revenues                   10-1XXX                   158,931          191,216          154,900
      SUBTOTAL                                                                     11,154,359       11,157,450       10,935,819

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                   112,437
      Special Education Aid                                 10-3130                   643,606
      Bilingual Education                                   10-3140                    10,530
      Extraordinary Aid                                     10-3131                     6,339           11,152
      Consolidated Aid                                      10-3195                    79,108
      Additional Formula Aid                                10-3196                    52,853
      Other State Aids                                      10-3XXX                    10,626
      Categorical Special Education Aid                     10-3132                                    298,595          308,700
      Categorical Security Aid                              10-3177                                     44,621           43,268
      Adjustment Aid                                        10-3178                                    472,960          443,545
      Categorical Transportation Aid                        10-3121                                    118,158          140,239
      SUBTOTAL                                                                        915,499          945,486          935,752
      Adjustment for Prior Year Encumbrances                                                             3,731
      Actual Revenues (Over)/Under Expenditures                                      -479,033
      TOTAL OPERATING BUDGET                                                       11,590,825       13,365,286       13,674,961
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    98,823

      Revenues from State Sources:                                         
      Instructional Supplement Aid                          20-3214                    22,170
      Other Restricted Entitlements                         20-32XX                    55,575
      TOTAL REVENUES FROM STATE SOURCES                                                77,745

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               40,827           36,400           30,940
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              194,198          168,092          142,878
      Other                                                 20-4XXX                    40,041           27,203           23,123
      TOTAL REVENUES FROM FEDERAL SOURCES                                             275,066          231,695          196,941
      TOTAL GRANTS AND ENTITLEMENTS                                                   451,634          231,695          196,941
      TOTAL REVENUES/SOURCES                                                       12,042,459       13,596,981       13,871,902
                                                      ATLANTIC - MARGATE CITY

                                                   Advertised Appropriations

                Budget Category                                Account          2007-08          2008-09         2009-10 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          3,303,894        3,671,511        3,880,166
      Special Education                                     11-2XX-100-XXX            351,422          397,692          406,283
      Basic Skills/Remedial                                 11-230-100-XXX            193,981          204,206          201,978
      Bilingual Education                                   11-240-100-XXX             22,202           24,060           25,250
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             42,175           43,500           41,800
      School Sponsored Athletics                            11-402-100-XXX             25,632           36,244           30,001
      Summer School                                         11-422-XXX-XXX                                               15,000
      Community Services Programs/Operations                11-800-330-XXX            272,625
      Support Services:
      Tuition                                               11-000-100-XXX          2,448,833        2,820,107        2,899,232
      Attendance and Social Work Services                   11-000-211-XXX             37,006           39,333           41,200
      Health Services                                       11-000-213-XXX            187,591          228,763          226,368
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            263,865          333,533          356,233
      Child Study Teams                                     11-000-219-XXX            191,362          173,101          240,264
      Improvement of Instructional Services                 11-000-221-XXX             61,322          168,684          134,649
      Educational Media Services - School Library           11-000-222-XXX            261,684          419,673          481,984
      General Administration                                11-000-230-XXX            365,629          405,064          438,190
      School Administration                                 11-000-240-XXX            232,374          252,290          262,410
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            167,738          229,740          173,813
      Deposit to Maintenance Reserve                        10-606                                      25,000
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,403,395        1,573,038        1,663,747
      Student Transportation Services                       11-000-270-XXX            269,098          334,731          346,613
      Deposit to Current Expense Emergency Reserve          10-607                                     250,000
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,268,046        1,430,418        1,579,740
      Food Services                                         11-000-310-XXX            111,042          110,471           90,018
      Total Support Services Expenditures                                           7,268,985        8,518,946        8,934,461
      TOTAL GENERAL CURRENT EXPENSE                                                11,480,916       13,171,159       13,534,939

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             27,841           88,267           73,000
      TOTAL CAPITAL EXPENDITURES                                                       27,841           88,267           73,000
      Transfer of Funds to Charter Schools                  10-000-100-56X             82,068          105,860           67,022
      OPERATING BUDGET GRAND TOTAL                                                 11,590,825       13,365,286       13,674,961

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             98,823
      Support Services                                      20-214-200-XXX             22,170
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                               22,170
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX             11,960
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             18,534
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             16,521
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              8,560
      Total State Projects                                                             77,745
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             40,827           36,400           30,940
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            194,198          168,092          142,878
      Other Special Projects                                20-XXX-XXX-XXX             40,041           27,203           23,123
      Total Federal Projects                                                          275,066          231,695          196,941
      TOTAL GRANTS AND ENTITLEMENTS                                                   451,634          231,695          196,941
      Total Expenditures                                                           12,042,459       13,596,981       13,871,902

      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                                          12,042,459       13,596,981       13,871,902

                                                      ATLANTIC  -  MARGATE CITY

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2007             6/30/2008             6/30/2009             6/30/2010

      Unreserved:
        General Operating Budget                               352,647               540,112               852,624               267,231
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          0                     0                     0                     0
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                25,000                25,000
            Legal Reserve                                    1,911,560             2,203,128             1,217,997                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0               250,000               250,000
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                      ATLANTIC  -  MARGATE CITY

                                               Advertised Per Pupil Cost Calculations

                                                     2009 - 2010

                                                    2006-07        2007-08           2008-09       2008-09       2009-2010
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           15436           16250          15658          16128          16730
Total Classroom Instruction                                 8291            8755           8504           8757           9130
Classroom-Salaries and Benefits                             7958            8371           8020           8256           8598
Classroom-General Supplies and Textbooks                     328             382            479            495            531
Classroom-Purchased Services and Other                         5               2              5              5              0
Total Support Services                                      1985            2276           2705           2666           2881
Support Services-Salaries and Benefits                      1684            1995           2189           2060           2302
Total Administrative Costs                                  1549            1677           1422           1756           1712
Administration-Salaries and Benefits                        1196            1369           1119           1443           1414
Total Operations and Maintenance of Plant                   2733            2596           2693           2604           2713
Operations & Maintenance of Plant-Salary & Ben.               70               0              0              0             35
Total Food Services Costs                                    167             205            177            183            146
Total Extracurricular Costs                                  121             142            145            150            135
Total Equipment Costs                                        147              52            153            146            119
Employee Benefits as a % of Salaries                        24.2            23.5           25.2           24.8           25.9


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2009 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 2008-09 revised appropriations and 2009-10 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.

                                                     ATLANTIC  -  MARGATE CITY

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               09-10 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                              ATLANTIC  -  MARGATE CITY

Shared Services -- Description of Shared Services
_________________________________________________

  Federal E-rate program for discounted telephone services                 
  Alliance for Competitive Energy Services (ACES) for Gas and Electric     
  Transportation Jointures with Atlantic County Special Services and       
  Ventnor School Districts                                                 
  School Lunch Program with Mainland Regional School District              
  School Alliance Insurance Fund for insurances othe than Health           
  Atlantic County School & Libraries for internet service                  
  Teacher inservice with Ventnor, Mullica, Brigaintine, Absecon            
  Purchase diesel fuel from the City of Margate                            
  Snow removal of the school lots done by City of Margate                  

                              ATLANTIC  -  MARGATE CITY

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 09-10 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       10,080,118 (A)
Estimated Net Taxable Valuation (as of 10/01/2008 )         3,407,846,629 (B)
Estimated 09-10 General Fund School Tax Rate=(A)/(B)X100           0.2958 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,080,118 (D)
Estimated Net Taxable Valuation (as of 10/01/2008 )         3,407,846,629 (E)
Estimated 09-10 Total School Tax Rate=(D)/(E)X100                  0.2958 (F)


B. Estimated 09-10 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       10,080,118 (G)
Estimated Equalized Valuation (as of 10/01/2008 )           4,130,498,502 (H)
Estimated 09-10 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.2440 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,080,118 (J)
Estimated Equalized Valuation (as of 10/01/2008 )           4,130,498,502 (K)
Estimated 09-10 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.2440 (L)

                              ATLANTIC  -  MARGATE CITY
 17. Salaries and Benefits of Certain District Employees

 Name                                   Dr. Dominick A. Potena   
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     125,074
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract             /  /    
   Ending Date of Contract                /  /    
   Annual Work Days                     197
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                12
   Description-Other Non-working Days   Family Illness Days           

 Benefits:
 Allowances                                 8,227
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                           573
   Life Insurance                             500
   Other Insurances                         2,904
   Retirement Plans                        21,319

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                              ATLANTIC  -  MARGATE CITY
 17. Salaries and Benefits of Certain District Employees

 Name                                   Susan E. Palaia          
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                      86,463
 FTE                                    1              
 Shared with Another District?          N
 Contract Terms:
   Beginning Date of Contract             /  /    
   Ending Date of Contract                /  /    
   Annual Work Days                     197
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                12
   Description-Other Non-working Days   Family Illness Days           

 Benefits:
 Allowances                                 1,299
 Bonuses                                        0
 Stipends                                       0
 District Contributions above Teacher amount for:
   Health Insurance                             0
   Dental Insurance                             0
   Life Insurance                               0
   Other Insurances                             0
   Retirement Plans                             0

 Post-Employment Benefits                       0
 Description of:
   Buyback of Sick Days                                                     
   Buyback of Vac. Days                                                     
   Buyback of Personal Days                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 
   Other Post-Emp. Benefits                                                 

 In-Kind and Other Remuneration                 0
 Description of:
   Annual Buyback of Sick Days                                              
   Annual Buyback of Vac. Days                                              
   Annual Buyback of Personal Days                                          
   All Other In-Kind/Remuneration                                           
                                                                            
                                                                            

 Additional Comments