03/11/2008                                          CAPE MAY  -  CAPE MAY CITY

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       153                      143                      164


      Pupils on Roll - Special Full-Time                      11                       11                       10




      Pupils Sent to Other Dists-Spec Ed Prog                  4                        3                        4
      Pupils Received                                          3                        4                        4
 


                                                     CAPE MAY - CAPE MAY CITY

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     355,149          330,695
      Withdrawal from Cap Res-for Local Share               10-307                                      44,850           46,645

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 1,338,359        1,483,921        1,483,921
      Tuition                                               10-1300                    13,500           16,700           25,300
      Interest Earned on Capital Reserve Funds              10-1XXX                     2,142               50               50
      Unrestricted Miscellaneous Revenues                   10-1XXX                    53,133           32,000           32,000
      SUBTOTAL                                                                      1,407,134        1,532,671        1,541,271

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                     4,744            4,744
      Special Education Aid                                 10-3130                   184,709          184,709
      Bilingual Education                                   10-3140                     5,822            5,822
      Stabilization Aid                                     10-3171                    61,002           61,002
      Consolidated Aid                                      10-3195                    19,091           19,091
      Additional Formula Aid                                10-3196                    13,663           27,736
      Other State Aids                                      10-3XXX                       336
      Categorical Special Education Aid                     10-3132                                                      59,381
      Categorical Security Aid                              10-3177                                                      28,778
      Adjustment Aid                                        10-3178                                                     404,404
      Categorical Transportation Aid                        10-3121                                                       7,890
      SUBTOTAL                                                                        289,367          303,104          500,453

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                   643,673          600,000          580,000
      SUBTOTAL                                                                        643,673          600,000          580,000
      Adjustment for Prior Year Encumbrances                                                            29,911
      Actual Revenues (Over)/Under Expenditures                                       273,449
      TOTAL OPERATING BUDGET                                                        2,613,623        2,865,685        2,999,064
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Early Childhood Program Aid                           20-3211                   101,706          101,706
      Demonstrably Effective Program Aid                    20-3212                    74,370           74,370
      Preschool Education Aid                               20-3218                                                      31,967
      Instructional Supplement Aid                          20-3214                     3,993            3,993
      Other Restricted Entitlements                         20-32XX                    71,623          140,922           87,499
      TOTAL REVENUES FROM STATE SOURCES                                               251,692          320,991          119,466

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416               61,038           43,038           36,582
      I.D.E.A. Part B (Handicapped)                         20-4420-4429               64,291           67,326           56,746
      Other                                                 20-4XXX                    12,424           25,759           16,043
      TOTAL REVENUES FROM FEDERAL SOURCES                                             137,753          136,123          109,371
      TOTAL GRANTS AND ENTITLEMENTS                                                   389,445          457,114          228,837
      TOTAL REVENUES/SOURCES                                                        3,003,068        3,322,799        3,227,901
                                                     CAPE MAY - CAPE MAY CITY

                                                   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            954,821        1,005,098        1,192,556
      Special Education                                     11-2XX-100-XXX             40,529           23,150           24,450
      Basic Skills/Remedial                                 11-230-100-XXX            124,093           89,173           46,104
      Bilingual Education                                   11-240-100-XXX              6,000            6,000
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             16,400           19,900           19,900
      Support Services:
      Tuition                                               11-000-100-XXX             98,744           74,131           55,869
      Attendance and Social Work Services                   11-000-211-XXX             14,221           14,955           15,735
      Health Services                                       11-000-213-XXX             43,736           46,675           65,375
      Students - Related & Extraordinary                    11-000-216,217             34,293           41,460           39,406
      Guidance                                              11-000-218-XXX             12,051           13,290           37,685
      Child Study Teams                                     11-000-219-XXX             98,250           77,977           94,484
      Improvement of Instructional Services                 11-000-221-XXX             33,725           47,762           50,908
      Educational Media Services - School Library           11-000-222-XXX             39,881           42,200           43,450
      General Administration                                11-000-230-XXX             77,920          113,311          102,886
      School Administration                                 11-000-240-XXX             37,156           52,041           52,752
      Central Svcs & Admin Info Technology                  11-000-25X-XXX             76,269           88,763           89,780
      Operation and Maintenance of Plant Services           11-000-26X-XXX            370,617          391,531          385,593
      Student Transportation Services                       11-000-270-XXX             34,632           37,700           34,510
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX            423,930          474,960          444,055
      Food Services                                         11-000-310-XXX             33,700           79,558           77,516
      Total Support Services Expenditures                                           1,429,125        1,596,314        1,590,004
      TOTAL GENERAL CURRENT EXPENSE                                                 2,570,968        2,739,635        2,873,014

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                          50               50
      Equipment                                             12-XXX-XXX-73X             42,655          106,000          106,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                              20,000           20,000
      TOTAL CAPITAL EXPENDITURES                                                       42,655          126,050          126,050
      OPERATING BUDGET GRAND TOTAL                                                  2,613,623        2,865,685        2,999,064

      SPECIAL GRANTS AND ENTITLEMENTS
      Instruction                                           20-211-100-XXX             78,547           81,165           25,839
      Early Childhood Program Aid:
      Support Services                                      20-211-200-XXX             23,159           20,541            6,128
      TOTAL EARLY CHILDHOOD PROGRAM AID                                               101,706          101,706           31,967
      Demonstrably Effective Program Aid:
      Instruction                                           20-212-100-XXX             20,300           20,300
      Support Services                                      20-212-200-XXX             54,070           54,070
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                                         74,370           74,370
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX              3,993            3,993
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                                3,993            3,993
      Other State Projects:
      Instruction                                           20-217-100-XXX                              32,533
      Support Services                                      20-217-200-XXX                               3,967
      TOTAL TARA USED TO SUPPORT PROGRAMS                                                               36,500
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              7,367            7,713            6,556
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             34,725           53,556           44,263
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             11,183           22,579           19,192
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             13,068           15,054           12,796
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              5,280            5,520            4,692
      Total State Projects                                                            251,692          320,991          119,466
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX             61,038           43,038           36,582
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX             64,291           67,326           56,746
      Other Special Projects                                20-XXX-XXX-XXX             12,424           25,759           16,043
      Total Federal Projects                                                          137,753          136,123          109,371
      TOTAL GRANTS AND ENTITLEMENTS                                                   389,445          457,114          228,837
      Total Expenditures                                                            3,003,068        3,322,799        3,227,901

      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                                           3,003,068        3,322,799        3,227,901

                                                     CAPE MAY  -  CAPE MAY CITY

                                          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                               780,114               504,453               355,695                25,000
        Repayment of Debt                                            0                     0                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                     42,885                45,027                46,695                   100
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                            0                     0                     0                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                     CAPE MAY  -  CAPE MAY CITY

                                               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                           18423           15992          16264          18470          16176
Total Classroom Instruction                                10987            9477           9281          10423           9191
Classroom-Salaries and Benefits                            10220            8848           8453           9662           8462
Classroom-General Supplies and Textbooks                     652             512            679            594            600
Classroom-Purchased Services and Other                       115             117            150            167            129
Total Support Services                                      2279            2323           2269           2557           2323
Support Services-Salaries and Benefits                      1700            1514           1581           1750           1578
Total Administrative Costs                                  1984            1404           1610           1971           1658
Administration-Salaries and Benefits                        1571            1054           1173           1423           1224
Total Operations and Maintenance of Plant                   2757            2455           2474           2821           2402
Operations & Maintenance of Plant-Salary & Ben.             1372             854           1120           1236            918
Total Food Services Costs                                    244             206            465            517            445
Total Extracurricular Costs                                  169             123            143            158            137
Total Equipment Costs                                        244             261            620            688            609
Employee Benefits as a % of Salaries                        27.0            28.7           30.8           29.7           26.3


 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.

                             CAPE MAY  -  CAPE MAY CITY

Shared Services -- Description of Shared Services
_________________________________________________

  Transportation - Cape May County Shared Services, Lower Cape May Regional
  Child Study Team - Lower Cape May Regional                               
  Technology Support and Webpage design - Lower Cape May Regional          
  Use of facilities - gym, pool, fields - Cape May City Recreation Dept    
  Curriculum articulation - WCM, LCMR, Lower Twp                           
  NJSBA Insurance Group, CAIP                                              
  Aces Electric                                                            
  ACT Telephone                                                            
  Trash Service, Snow Plowing - Cape May City                              
  Use of Parking Lot - Cape May City                                       
  Vocal and Instrumental Music Instructors - Wildwood Crest School         
  Treasurer/Deputy Treasurer - Cape May City                               
  Nature Trail                                                             
  Little League field                                                      
  Shared Service Focus Group - WMC, CMC, Lower Twp, LCMR                   
  Assemblies - WCM, Lower Township Schools                                 
  Facility Use - CCA, TPA other local groups                               
  Speech Therapist - Lower Cape May Regional                               

                             CAPE MAY  -  CAPE MAY CITY

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        1,483,921 (A)
Estimated Net Taxable Valuation (as of 10/01/2007 )         2,204,049,457 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.0673 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               1,483,921 (D)
Estimated Net Taxable Valuation (as of 10/01/2007 )         2,204,049,457 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  0.0673 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        1,483,921 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           2,659,813,227 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.0558 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               1,483,921 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           2,659,813,227 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.0558 (L)