05/19/2010                                          BURLINGTON  -  PALMYRA BORO

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2008         October 15, 2009         October 15, 2010
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                       790                      807                      846

      Pupils on Roll Reg Accr. Adult High Sch                180                      145
      Pupils on Roll - Special Full-Time                     160                      157                      122

      Private School Placements                               14                       10

      Pupils Sent to Other Districts-Reg Prog                                           1
      Pupils Sent to Other Dists-Spec Ed Prog                 12                       15                       33
      Pupils Received                                        118                      133                      132
 


                                                     BURLINGTON - PALMYRA BORO

                                                      Advertised Revenues

      Budget Category                                        Account             2008-09          2009-10          2010-11
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     488,500          195,609
      Withdrawal from Cap Res-for Local Share               10-307                                                        1,021
      Withdrawal from Tuition Reserve-for Tuition adj.      10-311                                     148,000
      Withdrawal from Tuition Reserve-Excess over adj.      10-311                                                      300,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                 6,780,632        6,972,447        7,151,345
      Tuition                                               10-1300                 1,423,288        1,508,792        1,795,624
      Interest Earned on Capital Reserve Funds              10-1XXX                     6,228            1,000            1,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                    58,301           70,000           40,000
      SUBTOTAL                                                                      8,268,449        8,552,239        8,987,969

      Revenues from State Sources:                                         
      Aid for Adult and Post-Graduate Programs              10-3191                   195,858
      Extraordinary Aid                                     10-3131                       168
      Categorical Special Education Aid                     10-3132                   421,409          418,612          429,438
      Equalization Aid                                      10-3176                 3,816,309        3,442,463        3,604,234
      Categorical Security Aid                              10-3177                   139,952          138,371           91,211
      Adjustment Aid                                        10-3178                   328,621          725,403
      Categorical Transportation Aid                        10-3121                    82,741          101,087
      SUBTOTAL                                                                      4,985,058        4,825,936        4,124,883

      Revenues from Federal Sources:                                       
      Medicaid Reimbursement                                10-4200                                     23,236           22,093
      SUBTOTAL                                                                                          23,236           22,093
      Adjustment for Prior Year Encumbrances                                                            12,611
      Actual Revenues (Over)/Under Expenditures                                        81,056
      TOTAL OPERATING BUDGET                                                       13,334,563       14,050,522       13,631,575
      GRANTS AND ENTITLEMENTS

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              181,296          181,296          144,975
      Title II                                              20-4451-4455                                                 36,110
      Title IV                                              20-4471-4474                                                  2,752
      Title V                                               20-4495-4499                                                  2,755
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              266,040          266,040          207,725
      Other                                                 20-4XXX                    47,527           49,251          137,624
      TOTAL REVENUES FROM FEDERAL SOURCES                                             494,863          496,587          531,941
      TOTAL GRANTS AND ENTITLEMENTS                                                   494,863          496,587          531,941
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                      44,020           54,266

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                   380,547          524,190          999,442
      Miscellaneous                                         40-1XXX                    43,860
      TOTAL REVENUES FROM LOCAL SOURCES                                               424,407          524,190          999,442

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   140,863          142,718          220,582
      TOTAL LOCAL REPAYMENT OF DEBT                                                   565,270          710,928        1,274,290
      Actual Revenues (Over)/Under Expenditures                                       -54,266
      TOTAL REPAYMENT OF DEBT                                                         511,004          710,928        1,274,290
      TOTAL REVENUES/SOURCES                                                       14,340,430       15,258,037       15,437,806
                                                     BURLINGTON - PALMYRA BORO

                                                   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          4,262,324        4,430,705        4,305,262
      Special Education                                     11-2XX-100-XXX          1,354,492        1,429,675        1,282,651
      Basic Skills/Remedial                                 11-230-100-XXX             31,315           16,234            8,488
      Bilingual Education                                   11-240-100-XXX                245           10,476
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX             55,218           61,523           52,560
      School Sponsored Athletics                            11-402-100-XXX            308,968          353,708          297,294
      Other Instructional Programs                          11-4XX-100-XXX             12,952
      Support Services:
      Tuition                                               11-000-100-XXX            929,455        1,017,098        1,078,038
      Attendance and Social Work Services                   11-000-211-XXX             33,549           40,627           40,500
      Health Services                                       11-000-213-XXX            127,170          137,553          136,646
      Speech, OT, PT, Related & Extraordinary Services      11-000-216,217            281,816          307,007          312,307
      Guidance                                              11-000-218-XXX            333,569          388,790          335,840
      Child Study Teams                                     11-000-219-XXX            536,414          494,655          426,681
      Improvement of Instructional Services                 11-000-221-XXX                900            2,700
      Educational Media Services - School Library           11-000-222-XXX             75,092           92,486           92,702
      Instructional Staff Training Services                 11-000-223-XXX             11,819           39,772           18,262
      General Administration                                11-000-230-XXX            346,062          379,359          337,019
      School Administration                                 11-000-240-XXX            466,558          469,120          461,264
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            247,406          284,486          259,740
      Operation and Maintenance of Plant Services           11-000-26X-XXX          1,245,449        1,308,898        1,227,854
      Student Transportation Services                       11-000-270-XXX            328,224          396,609          357,289
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          2,097,422        2,374,987        2,586,178
      Total Support Services Expenditures                                           7,060,905        7,734,147        7,670,320
      TOTAL GENERAL CURRENT EXPENSE                                                13,086,419       14,036,468       13,616,575

      CAPITAL EXPENDITURES
      Interest Earned on Capital Reserve                    10-604                                       1,000            1,000
      Equipment                                             12-XXX-XXX-73X             45,377           13,054           14,000
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             27,978
      TOTAL CAPITAL EXPENDITURES                                                       73,355           14,054           15,000

      SPECIAL SCHOOLS
      Accredited Evening/Adult High School/Post-Graduate:
      Instruction                                           13-601-100-XXX             76,539
      Support Services                                      13-601-200-XXX             98,250
      Total Accredited Evening/Adult HS/Post-Grad.                                    174,789
      TOTAL SPECIAL SCHOOLS                                                           174,789
      OPERATING BUDGET GRAND TOTAL                                                 13,334,563       14,050,522       13,631,575

      SPECIAL GRANTS AND ENTITLEMENTS
      Title I                                               20-XXX-XXX-XXX            181,296          181,296          144,975
      Federal Projects:
      Title II                                              20-XXX-XXX-XXX                                               36,110
      Title IV                                              20-XXX-XXX-XXX                                                2,752
      Title V                                               20-XXX-XXX-XXX                                                2,755
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            266,040          266,040          207,725
      Other Special Projects                                20-XXX-XXX-XXX             47,527           49,251          137,624
      Total Federal Projects                                                          494,863          496,587          531,941
      TOTAL GRANTS AND ENTITLEMENTS                                                   494,863          496,587          531,941

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX            511,004          710,928        1,274,290
      TOTAL REPAYMENT OF DEBT                                                         511,004          710,928        1,274,290
      Total Expenditures                                                           14,340,430       15,258,037       15,437,806

      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                                          14,340,430       15,258,037       15,437,806
 

                                                     BURLINGTON  -  PALMYRA BORO

                                          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                               768,572               755,190               195,609                     0
        Repayment of Debt                                       44,020                98,286                54,266                     0

      Restricted for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    810,715               816,943               817,943               817,922
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                      0                     0                     0                     0
            Legal Reserve                                      412,157               244,184                93,259                93,259
            Tuition Reserve                                    298,000               448,000               300,000                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Restricted for Repayment of Debt                            0                     0                     0                     0
 



                                                     BURLINGTON  -  PALMYRA BORO

                                               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                           12017           12456          12547          13094          12584
Total Classroom Instruction                                 7129            7423           7377           7704           7540
Classroom-Salaries and Benefits                             6861            7207           7055           7355           7170
Classroom-General Supplies and Textbooks                     175             156            213            235            244
Classroom-Purchased Services and Other                        93              60            109            114            126
Total Support Services                                      1697            1739           1840           1918           1784
Support Services-Salaries and Benefits                      1395            1305           1583           1651           1534
Total Administrative Costs                                  1330            1334           1362           1420           1367
Administration-Salaries and Benefits                        1037            1073           1079           1125           1115
Legal Costs                                                    0               0             31             33             33
Total Operations and Maintenance of Plant                   1407            1456           1466           1528           1437
Operations & Maintenance of Plant-Salary & Ben.              636             712            754            786            687
Total Food Services Costs                                     16               0              0              0              0
Total Extracurricular Costs                                  376             448            489            509            439
Total Equipment Costs                                         29              48             13             14             14
Employee Benefits as a % of Salaries                        30.7            25.4           27.7           27.7           32.5


 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.

                                                    BURLINGTON  -  PALMYRA BORO

                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

                             BURLINGTON  -  PALMYRA BORO

Shared Services -- Description of Shared Services
_________________________________________________

  The Palmyra School District takes part in the following Shared Services: 
  ACES (NJASBO) - Electric                                                 
  New Jersey School Boards Insurance Pool - Insurance P & C                
  Burlington County Natural Gas - Natural Gas                              
  Cinnaminson School District - Transportation Special Education           
  Educational Data Services - School supplies                              
  NJ Division of Purchasing - Paper/Janitoral/Office Supplies              
  Burlington Co. Audio Visual Association - Audio Visual                   
  State Health Benefits - Health & Medical Benefits                        
  School Alliance Insurance Fund - Various Insurances                      
  Borough of Palmyra - Trash Removal - Assistance with snow removal        
  Pittsgrove Twp. Paper                                                    
  BCSSD Educational Unit - OT, PT, Spech, Psychologist, LDTC               
  Maple Shade School district - Transportation                             

                             BURLINGTON  -  PALMYRA BORO

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 10-11 School Tax Rate
__________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,151,345 (A)
Estimated Net Taxable Valuation (as of 10/01/2009 )           314,382,206 (B)
Estimated 10-11 General Fund School Tax Rate=(A)/(B)X100           2.2747 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,150,787 (D)
Estimated Net Taxable Valuation (as of 10/01/2009 )           314,382,206 (E)
Estimated 10-11 Total School Tax Rate=(D)/(E)X100                  2.5926 (F)


B. Estimated 10-11 Equalized School Tax Rate
____________________________________________

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,151,345 (G)
Estimated Equalized Valuation (as of 10/01/2009 )             597,729,288 (H)
Estimated 10-11 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      1.1964 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,150,787 (J)
Estimated Equalized Valuation (as of 10/01/2009 )             597,729,288 (K)
Estimated 10-11 Equalized Total School
                  Tax Rate=(J)/(K)X100                             1.3636 (L)

                             BURLINGTON  -  PALMYRA BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Dr. Richard Perry        
 Job Title                              Superintendent                
                                                                      
 Base Annual Salary                     135,262
 FTE                                    1.0
 Shared with Another District?          N
 Member of Collective Bargaining ?      N
 Contract Terms:
   Beginning Date of Contract           07/01/2007
   Ending Date of Contract              07/01/2011
   Annual Work Days                     240
   Annual Vacation Days                  20
   Annual Sick Days                      12
   Annual Personal Days                   4
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             BURLINGTON  -  PALMYRA BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Geneva R. Moore          
 Job Title                              Business Administrator        
                                                                      
 Base Annual Salary                     114,330
 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              07/01/2011
   Annual Work Days                     240
   Annual Vacation Days                  25
   Annual Sick Days                      12
   Annual Personal Days                   4
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 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                                                        
                                                                            
                                                                            
                                                                            
                                                                            

                             BURLINGTON  -  PALMYRA BORO
 17. Salaries and Benefits of Certain District Employees

 Name                                   Robert Pupchik           
 Job Title                              Coordinator/Dir./Mgr./Supvr.  
                                                                      
 Base Annual Salary                      88,725
 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              07/01/2011
   Annual Work Days                     240
   Annual Vacation Days                  16
   Annual Sick Days                      12
   Annual Personal Days                   4
   Annual Consulting Days                 0
   Other Non-working days                 0
   Description-Other Non-working Days                                 

 Benefits:
 Allowances                                     0
 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