03/12/2008                                       MORRIS  -  MORRIS SCHOOL DISTRICT

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      3913                     3963                     3945
      Pupils on Roll Regular Shared-Time                      10                        3                        7

      Pupils on Roll - Special Full-Time                     754                      731                      761
      Pupils on Roll - Special Shared-Time                     8                        5                        4
      Private School Placements                              108                      105                      105

      Pupils Sent to Other Districts-Reg Prog                  1                        4                        4
      Pupils Sent to Other Dists-Spec Ed Prog                 12                       13                       14
      Pupils Received                                        194                      205                      207
      Pupils in State Facilities                               7                        9                        9
 


                                                  MORRIS - MORRIS SCHOOL DISTRICT

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                   3,620,026        4,890,826
      Budgeted Fund Bal - Deposit to Capital Reserve        10-303                                     360,000
      Budgeted Fund Balance - Tuition Adjustment            10-303                  3,298,116
      Withdrawal from Cap Res-for Local Share               10-307                  1,337,860
      Withdraw from Cap Res-Excess Cost & Oth Cap Prj       10-309                    200,000

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                71,829,348       74,593,144       77,058,100
      Tuition                                               10-1300                 3,235,339        3,147,680        3,226,916
      Interest Earned on Capital Reserve Funds              10-1XXX                    83,151           16,500           30,000
      Unrestricted Miscellaneous Revenues                   10-1XXX                   747,602          400,000          590,000
      SUBTOTAL                                                                     75,895,440       78,157,324       80,905,016

      Revenues from State Sources:                                         
      Transportation Aid                                    10-3120                 1,309,155        1,309,155
      Special Education Aid                                 10-3130                 3,972,315        3,972,315
      Bilingual Education                                   10-3140                   505,546          505,546
      Extraordinary Aid                                     10-3131                   216,505                           327,617
      Consolidated Aid                                      10-3195                   517,878          517,878
      Additional Formula Aid                                10-3196                   220,009          446,618
      Other State Aids                                      10-3XXX                    56,538          653,750           80,507
      Categorical Special Education Aid                     10-3132                                                   2,591,905
      Categorical Security Aid                              10-3177                                                     622,769
      Adjustment Aid                                        10-3178                                                   3,860,615
      Categorical Transportation Aid                        10-3121                                                   1,296,474
      SUBTOTAL                                                                      6,797,946        7,405,262        8,779,887

      Revenues from Federal Sources:                                       
      IMPACT Aid                                            10-4100                     7,830            5,000
      SUBTOTAL                                                                          7,830            5,000
      Adjustment for Prior Year Encumbrances                                                           956,411
      Actual Revenues (Over)/Under Expenditures                                    -3,345,687
      TOTAL OPERATING BUDGET                                                       80,893,389       90,504,023       94,575,729
      GRANTS AND ENTITLEMENTS
      Revenues from Local Sources                           20-1XXX                    90,476          325,330           50,000

      Revenues from State Sources:                                         
      Demonstrably Effect Prog Aid - Pr Year Carryover      20-3212                    13,710
      Instructional Supplement Aid - Pr Yr Carryover        20-3214                    12,786
      Demonstrably Effective Program Aid                    20-3212                   751,695          742,014
      Preschool Education Aid                               20-3218                                                     234,300
      Instructional Supplement Aid                          20-3214                   275,492          286,728
      Other Restricted Entitlements                         20-32XX                   787,792        1,020,401          667,213
      TOTAL REVENUES FROM STATE SOURCES                                             1,841,475        2,049,143          901,513

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              495,044          675,410          371,015
      I.D.E.A. Part B (Handicapped)                         20-4420-4429            1,292,002        1,725,533        1,135,954
      Other                                                 20-4XXX                   472,577          435,463          247,456
      TOTAL REVENUES FROM FEDERAL SOURCES                                           2,259,623        2,836,406        1,754,425
      TOTAL GRANTS AND ENTITLEMENTS                                                 4,191,574        5,210,879        2,705,938
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                      14,987           11,600

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,005,812          980,932          940,370
      Miscellaneous                                         40-1XXX                       225
      TOTAL REVENUES FROM LOCAL SOURCES                                             1,006,037          980,932          940,370

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   235,854          234,844          233,625
      TOTAL LOCAL REPAYMENT OF DEBT                                                 1,241,891        1,230,763        1,185,595
      Actual Revenues (Over)/Under Expenditures                                         7,467
      TOTAL REPAYMENT OF DEBT                                                       1,249,358        1,230,763        1,185,595
      TOTAL REVENUES/SOURCES                                                       86,334,321       96,945,665       98,467,262
                                                  MORRIS - MORRIS SCHOOL DISTRICT

                                                   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         23,504,145       25,288,812       26,436,131
      Special Education                                     11-2XX-100-XXX          6,137,271        6,882,145        7,021,619
      Basic Skills/Remedial                                 11-230-100-XXX            995,127        1,053,193        1,102,011
      Bilingual Education                                   11-240-100-XXX          1,457,280        1,699,161        1,889,014
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            278,061          273,064          293,228
      School Sponsored Athletics                            11-402-100-XXX          1,044,796        1,153,247        1,140,503
      Other Instructional Programs                          11-4XX-100-XXX             81,902           87,000           94,000
      Community Services Programs/Operations                11-800-330-XXX            179,507          184,245          160,431
      Support Services:
      Tuition                                               11-000-100-XXX          5,384,802        5,966,826        5,986,536
      Attendance and Social Work Services                   11-000-211-XXX             50,343           52,561           53,966
      Health Services                                       11-000-213-XXX            897,543          985,097        1,022,376
      Students - Related & Extraordinary                    11-000-216,217          2,805,858        2,740,837        2,623,235
      Guidance                                              11-000-218-XXX          1,983,431        2,271,587        2,296,237
      Child Study Teams                                     11-000-219-XXX          2,269,422        2,508,570        2,563,312
      Improvement of Instructional Services                 11-000-221-XXX            885,401          988,456        1,008,547
      Educational Media Services - School Library           11-000-222-XXX          1,131,924        1,321,225        1,391,079
      Instructional Staff Training Services                 11-000-223-XXX            235,127          337,989          331,930
      General Administration                                11-000-230-XXX            686,121          970,864          887,753
      School Administration                                 11-000-240-XXX          2,602,063        2,680,792        2,742,376
      Central Svcs & Admin Info Technology                  11-000-25X-XXX          1,522,952        2,038,973        2,022,171
      Operation and Maintenance of Plant Services           11-000-26X-XXX          8,137,969        9,226,477        8,833,320
      Student Transportation Services                       11-000-270-XXX          5,981,581        6,694,137        7,179,220
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX         11,621,873       13,962,984       15,363,005
      Food Services                                         11-000-310-XXX            230,821          254,040          245,000
      Total Support Services Expenditures                                          46,427,231       53,001,415       54,550,063
      TOTAL GENERAL CURRENT EXPENSE                                                80,105,320       89,622,282       92,687,000

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                                     360,000
      Interest Earned on Capital Reserve                    10-604                                      16,500           30,000
      Equipment                                             12-XXX-XXX-73X            247,883           84,083          392,573
      Facilities Acquisition and Construction Services      12-000-4XX-XXX                                              864,660
      Capital Reserve-Transfer to Capital Expend Fund       12-000-4XX-931            260,280
      TOTAL CAPITAL EXPENDITURES                                                      508,163          460,583        1,287,233

      SPECIAL SCHOOLS
      Summer School:
      Instruction                                           13-422-100-XXX             38,652          117,124          132,319
      Support Services                                      13-422-200-XXX              8,755           16,098           14,500
      Total Summer School                                                              47,407          133,222          146,819
      TOTAL SPECIAL SCHOOLS                                                            47,407          133,222          146,819
      Transfer of Funds to Charter Schools                  10-000-100-56X            232,499          287,936          454,677
      OPERATING BUDGET GRAND TOTAL                                                 80,893,389       90,504,023       94,575,729

      SPECIAL GRANTS AND ENTITLEMENTS
      Local Projects                                        20-XXX-XXX-XXX             90,476          325,330           50,000
      Early Childhood Program Aid:
      Instruction                                           20-211-100-XXX                                              101,300
      Support Services                                      20-211-200-XXX                                              133,000
      TOTAL EARLY CHILDHOOD PROGRAM AID                                                                                 234,300
      Demonstrably Effective Program Aid:
      Instruction                                           20-212-100-XXX            694,509          671,118
      Support Services                                      20-212-200-XXX             70,896           70,896
      TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID                                        765,405          742,014
      Instructional Supplement Aid:
      Instruction                                           20-214-100-XXX            288,278          286,728
      TOTAL INSTRUCTIONAL SUPPLEMENT AID                                              288,278          286,728
      Other State Projects:
      Nonpublic Textbooks                                   20-XXX-XXX-XXX            123,622          155,598          132,258
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             79,820          126,963          107,919
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX            166,061          175,378          149,071
      Nonpublic Nursing Services                            20-XXX-XXX-XXX            171,445          214,926          182,687
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX             92,360          112,092           95,278
      Other Special Projects                                20-XXX-XXX-XXX            154,484          235,444
      Total State Projects                                                          1,841,475        2,049,143          901,513
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            495,044          675,410          371,015
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX          1,292,002        1,725,533        1,135,954
      Other Special Projects                                20-XXX-XXX-XXX            472,577          435,463          247,456
      Total Federal Projects                                                        2,259,623        2,836,406        1,754,425
      TOTAL GRANTS AND ENTITLEMENTS                                                 4,191,574        5,210,879        2,705,938

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          1,249,358        1,230,763        1,185,595
      TOTAL REPAYMENT OF DEBT                                                       1,249,358        1,230,763        1,185,595
      Total Expenditures                                                           86,334,321       96,945,665       98,467,262

      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                                          86,334,321       96,945,665       98,467,262

                                                  MORRIS  -  MORRIS SCHOOL DISTRICT

                                          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                             2,299,370             1,669,491             2,139,491             1,789,491
        Repayment of Debt                                       22,679                15,212                11,600                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                  1,627,043             1,449,914             1,826,414             1,856,414
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                303,197               311,059               311,059               311,059
            Legal Reserve                                    6,220,892             8,520,852             4,540,826                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                  MORRIS  -  MORRIS SCHOOL DISTRICT

                                               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                           14689           15084          16348          16693          16900
Total Classroom Instruction                                 8368            8732           9481           9555           9797
Classroom-Salaries and Benefits                             7986            8377           9014           9073           9312
Classroom-General Supplies and Textbooks                     298             238            307            312            314
Classroom-Purchased Services and Other                        85             117            160            171            171
Total Support Services                                      2712            2681           2908           2958           2996
Support Services-Salaries and Benefits                      2432            2481           2687           2735           2764
Total Administrative Costs                                  1250            1234           1417           1445           1445
Administration-Salaries and Benefits                        1021            1040           1095           1108           1131
Total Operations and Maintenance of Plant                   1885            1935           2002           2185           2105
Operations & Maintenance of Plant-Salary & Ben.              928             945           1020           1029           1062
Total Food Services Costs                                     37              50             54             54             52
Total Extracurricular Costs                                  335             338            359            366            371
Total Equipment Costs                                         29              54             17             18             83
Employee Benefits as a % of Salaries                        21.4            23.0           25.7           25.7           27.7


 The information presented in columns 1 through 3 as well as the related descriptions of the per pupil cost calculations
 are contained in the 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.

                          MORRIS  -  MORRIS SCHOOL DISTRICT

Shared Services -- Description of Shared Services
_________________________________________________

  The Morris School District participates in the following shared services 
  & cooperatives:                                                          
  Morris County Educational Services Commission-transportation services    
  Mendham Township Jointure-transportation services                        
  Sussex County Regional Cooperative-transportation services               
  Morris School District Academy for Professional Development-professional 
  development services provided in-district and to other districts         
  Morris School District Food Services-food service and administrative     
  oversight services provided to Shepherd School and Neighborhood House    
  Morris County Cooperative-cooperative purchasing                         
  Educational Data Services-cooperative purchasing                         
  NJ Department of the Treasury-Division of Purchasing & Property-state    
  contract purchasing                                                      
  Alliance for Competitive Energy Services-energy aggregation bidding      
  Morris School District Preschool Outreach-Provision of preschool outreach
  teachers to Neighborhood House, Collinsville, Children on the Green and  
  Head Start                                                               
  Morris Township Public Works-shared use of materials and equipment       
  Morris School District CABAS Program-multiple district autistic program  

                          MORRIS  -  MORRIS SCHOOL DISTRICT

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

MORRIS TOWNSHIP          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       50,939,420 (A)
Estimated Net Taxable Valuation (as of 12/31/2007 )         3,765,860,825 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.3527 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              51,585,180 (D)
Estimated Net Taxable Valuation (as of 12/31/2007 )         3,765,860,825 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.3698 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

MORRIS TOWNSHIP          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       50,939,420 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           5,646,899,098 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.9021 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              51,585,180 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           5,646,899,098 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.9135 (L)


                          MORRIS  -  MORRIS SCHOOL DISTRICT

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

MORRISTOWN TOWN          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       24,886,202 (A)
Estimated Net Taxable Valuation (as of 12/31/2007 )         2,257,983,942 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           1.1021 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              25,201,093 (D)
Estimated Net Taxable Valuation (as of 12/31/2007 )         2,257,983,942 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.1161 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

MORRISTOWN TOWN          

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                       24,886,202 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           2,897,676,843 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.8588 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                              25,201,093 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           2,897,676,843 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.8697 (L)