04/07/2010                                           ATLANTIC  -  MARGATE CITY

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2008         October 15, 2009         October 15, 2010
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       536                      512                      450


      Pupils on Roll - Special Full-Time                      68                       64                       55

      Private School Placements                                2                        2                        2

      Pupils Sent to Other Districts-Reg Prog                124                      120                      105
      Pupils Sent to Other Dists-Spec Ed Prog                 16                       13                       21
      Pupils Received                                        100                       85                       75
      Pupils in State Facilities                               1                        1                        1
 


                                                      ATLANTIC - MARGATE CITY

                                                      Advertised Revenues

      Budget Category                                        Account             2008-09          2009-10          2010-11
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   1,803,390          627,912
      Withdrawal from Emergency Rsv for Excess              10-312                                                      250,000
      Withdrawal from Maint. Reserve                        10-310                                                       25,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                10,173,118        9,987,118       10,536,409
      Tuition                                               10-1300                   921,101          793,801          786,724
      Unrestricted Miscellaneous Revenues                   10-1XXX                    48,081          154,900           80,000
      SUBTOTAL                                                                     11,142,300       10,935,819       11,403,133

      Revenues from State Sources:                                         
      Extraordinary Aid                                     10-3131                    11,152
      Other State Aids                                      10-3XXX                    27,876
      Categorical Special Education Aid                     10-3132                   298,595          308,700          252,824
      Categorical Security Aid                              10-3177                    44,621           43,268
      Adjustment Aid                                        10-3178                   446,357          443,545
      Categorical Transportation Aid                        10-3121                   118,158          140,239
      SUBTOTAL                                                                        946,759          935,752          252,824
      Adjustment for Prior Year Encumbrances                                                            29,957
      Actual Revenues (Over)/Under Expenditures                                       170,809
      TOTAL OPERATING BUDGET                                                       12,259,868       13,704,918       12,558,869
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    70,685

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               32,633           30,940           30,940
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              189,770          142,878          121,440
      Other                                                 20-4XXX                    15,800           23,123           23,240
      TOTAL REVENUES FROM FEDERAL SOURCES                                             238,203          196,941          175,620
      TOTAL GRANTS AND ENTITLEMENTS                                                   308,888          196,941          175,620
      TOTAL REVENUES/SOURCES                                                       12,568,756       13,901,859       12,734,489
                                                      ATLANTIC - MARGATE CITY

                                                   Advertised Appropriations

                Budget Category                                Account          2008-09          2009-10         2010-11 
                                                                             Expenditures      Rev. Approp.   Appropriations
      GENERAL CURRENT EXPENSE
      Instruction:
      Regular Programs                                      11-1XX-100-XXX          3,630,010        3,780,796        3,451,468
      Special Education                                     11-2XX-100-XXX            377,386          406,603          496,965
      Basic Skills/Remedial                                 11-230-100-XXX            198,020          186,658          119,668
      Bilingual Education                                   11-240-100-XXX             23,655           25,250           27,150
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             37,650           46,290           20,700
      School Sponsored Athletics                            11-402-100-XXX             23,368           30,301           19,093
      Summer School                                         11-422-XXX-XXX                              15,000
      Support Services:
      Tuition                                               11-000-100-XXX          2,777,429        2,899,232        2,412,002
      Attendance and Social Work Services                   11-000-211-XXX             38,412           41,200           42,280
      Health Services                                       11-000-213-XXX            218,195          226,368          183,166
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            306,600          356,233          321,102
      Child Study Teams                                     11-000-219-XXX            163,804          240,264          239,445
      Improvement of Instructional Services                 11-000-221-XXX            151,112          169,649           87,820
      Educational Media Services - School Library           11-000-222-XXX            346,894          481,984          274,187
      General Administration                                11-000-230-XXX            411,319          456,303          476,225
      School Administration                                 11-000-240-XXX            240,961          252,299          173,525
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            214,292          173,358          208,455
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,188,993        1,686,744        1,594,229
      Student Transportation Services                       11-000-270-XXX            332,016          346,613          336,504
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          1,285,720        1,653,733        1,867,227
      Food Services                                         11-000-310-XXX            112,613           90,018           89,313
      Total Support Services Expenditures                                           7,788,360        9,073,998        8,305,480
      TOTAL GENERAL CURRENT EXPENSE                                                12,078,449       13,564,896       12,440,524

      CAPITAL EXPENDITURES
      Equipment                                             12-XXX-XXX-73X             33,688           73,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             47,053
      TOTAL CAPITAL EXPENDITURES                                                       80,741           73,000
      Transfer of Funds to Charter Schools                  10-000-100-56X            100,678           67,022          118,345
      OPERATING BUDGET GRAND TOTAL                                                 12,259,868       13,704,918       12,558,869

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             70,685
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             32,633           30,940           30,940
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            189,770          142,878          121,440
      Other Special Projects                                20-XXX-XXX-XXX             15,800           23,123           23,240
      Total Federal Projects                                                          238,203          196,941          175,620
      TOTAL GRANTS AND ENTITLEMENTS                                                   308,888          196,941          175,620
      Total Expenditures                                                           12,568,756       13,901,859       12,734,489

      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
      Transfer Property Sale Proceeds to Debt Svc Res       11-000-520-934

      TOTAL EXPENDITURES NET OF TRANSFERS                                          12,568,756       13,901,859       12,734,489
 

                                                      ATLANTIC  -  MARGATE CITY

                                          Advertised Recapitulation of Balance

                                                              Audited               Audited              Estimated             Estimated
                                                              Balance               Balance               Balance               Balance
      Budget Category                                        6/30/2008             6/30/2009             6/30/2010             6/30/2011

      Unassigned:
        General Operating Budget                               540,112               874,421               689,773               236,917
        Repayment of Debt                                            0                     0                     0                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                          0                     0                     0                     0
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                25,000                25,000                     0
            Legal Reserve                                    2,203,128             1,393,053               175,056                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0               250,000               250,000                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                      ATLANTIC  -  MARGATE CITY

                                               Advertised Per Pupil Cost Calculations

                                                     2010 - 2011

                                                    2007-08        2008-09           2009-10       2009-10       2010-2011
                                                     Actual         Actual           Original      Revised       Proposed
                                                                                      Budget        Budget        Budget
 Per Pupil Cost Calculations:                          (1)            (2)              (3)           (4)            (5)

Total Comparative Per Pupil Cost                           16250           15247          16730          17915          18875
Total Classroom Instruction                                 8755            8722           9130           9605          10732
Classroom-Salaries and Benefits                             8371            8281           8598           9037          10182
Classroom-General Supplies and Textbooks                     382             437            531            568            547
Classroom-Purchased Services and Other                         2               3              0              0              2
Total Support Services                                      2276            2443           2881           3183           2936
Support Services-Salaries and Benefits                      1995            1950           2302           2565           2574
Total Administrative Costs                                  1677            1741           1712           1863           1740
Administration-Salaries and Benefits                        1369            1449           1414           1546           1387
Legal Costs                                                    0               0             65             69            106
Total Operations and Maintenance of Plant                   2596            2021           2713           2937           3166
Operations & Maintenance of Plant-Salary & Ben.                0               0             35             38             36
Total Food Services Costs                                    205             191            146            156            177
Total Extracurricular Costs                                  142             117            135            155            102
Total Equipment Costs                                         52              57            119            127              0
Employee Benefits as a % of Salaries                        23.5            22.7           25.9           27.4           34.7


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 2010 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 2009-10 revised appropriations and 2010-11 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               10-11 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 service                  
  Participation in Xtel                                                    
  Alliance for Competitive Energy Services (ACES) for Electric and Gas     
  Transportation Jointures with Atlantic County Special Services and       
  Ventnor School District                                                  
  School Lunch Program with Ventnor School District                        
  School Alliance Insurance Fund for other than health                     
  Atlantic County School & Libraries for internet service                  
  Purchase of diesel fuel from the City of Margate                         
  Snow removal of the school lots done by the City of Margate              

                              ATLANTIC  -  MARGATE CITY

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 10-11 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       10,261,764 (A)
Estimated Net Taxable Valuation (as of 10/01/2009 )         3,435,289,830 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)X100           0.2987 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,261,764 (D)
Estimated Net Taxable Valuation (as of 10/01/2009 )         3,435,289,830 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)X100                  0.2987 (F)


B. Estimated 10-11 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       10,261,764 (G)
Estimated Equalized Valuation (as of 10/01/2009 )           4,075,840,530 (H)
Estimated 10-11 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.2518 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              10,261,764 (J)
Estimated Equalized Valuation (as of 10/01/2009 )           4,075,840,530 (K)
Estimated 10-11 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.2518 (L)

                              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                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2010
   Ending Date of Contract              06/30/2011
   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                                 1,300
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

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

 Name                                   Theresa DeFranco         
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     133,875
 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                     197
   Annual Vacation Days                  20
   Annual Sick Days                      14
   Annual Personal Days                   3
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                 1,625
 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