The Board of Education of Prospect Park, Passaic County, New Jersey will hold a public hearing on the proposed 2004-2005 budget on Tuesday, March 30, 2004 at 7:30 p.m. in the cafeteria of the Prospect Park Public School.
 The proposed budget of said Board of Education will be on file and open to the examination of the public daily between the hours 9:00 a.m. to 3:00 p.m. from the date of this publication until the date of holding of said public hearing. This budget will be produced at the public hearing for the information of those attending the same.
PROSPECT PARK BOARD OF EDUCATION
Cynthia A.V. Lynch, Business Admin./ Board Secretary

PASSAIC - PROSPECT PARK BORO
Advertised Enrollments
ENROLLMENT CATEGORY
Oct. 15, 2002 Oct. 15, 2003 Oct. 15, 2004


Actual
 		Actual
 		Estimated
Pupils on Roll - Regular Full-Time
656
 		691
 		700
Pupils on Roll - Special Full-Time
90
 		84
 		85
Private School Placements
13
 		15
 		17
Pupils Sent to Other Dists-Spec Ed Prog
 		12
 		12
 		6
Resident Enroll. Per State Aid Calc-Infor. Only
771
 		797

PASSAIC - PROSPECT PARK BORO
Advertised Revenues
Budget Category
 		Account
 		2002-03
 		2003-04
 		2004-05


Actual
 		Revised
 		Anticipated
GENERAL FUND



Budgeted Fund Balance - General Fund
 		10-303
414,887
 		262,276
Revenues from Local Sources:



Local Tax Levy
 		10-1210
 		1,426,798
 		1,516,868
 		1,863,284
Interest Earned on Capital Reserve Funds
 		10-1XXX
300
 		200
Unrestricted Miscellaneous Revenues
 		10-1XXX
10,000
 		10,000
SUBTOTAL
1,426,798
 		1,527,168
 		1,873,484
Revenues from Intermediate Sources:



Unrestricted Revenues from Intermediate



   Sources
 		10-2000
 		19,452

TOTAL REVENUES FROM INTERMEDIATE SOURCES
 		19,452

Revenues from State Sources:
Core Curriculum Standards Aid
 		10-3111
 		3,671,951
 		3,671,951
 		3,671,951
Supplemental Core Cirriculum Standards Aid
 		10-3112
 		51,542
 		51,542
 		51,542
Transportation Aid
 		10-3120
 		81,611
 		81,611
 		81,611
Special Education Aid
 		10-3130
 		408,215
 		408,215
 		408,215
Bilingual Education
 		10-3140
 		80,394
 		80,394
 		80,394
Consolidated Aid
 		10-3195

245,688
Other State Aids
 		10-3XXX
 		4,110
 		84,594
SUBTOTAL
4,297,823
 		4,378,307
 		4,539,401
Adjustment for Prior Year Encumbrances
108,716
Act (Excess) Deficiency of Rev (Over)/Under Expnd
 		- 240,536

TOTAL GENERAL FUND
5,503,537
 		6,429,078
 		6,675,161
SPECIAL REVENUE FUNDS



Revenues from State Sources:



Early Childhood Program Aid - Pr Year


   Carryover
 		20-3211
27,500
 		53,821
Demonstrably Effect Prog Aid  - Pr Year


   Carryover
 		20-3212
25,000
 		38,325
Distance Learning Network Aid - Pr Year


   Carryover
 		20-3213

10,459
Early Childhood Program Aid
 		20-3211
 		999,183
 		636,107
 		636,107
Demonstrably Effective Program Aid
 		20-3212
 		527,621
 		355,392
 		355,392
Distance Learning Network Aid
 		20-3213
 		49,887

Other Restricted Entitlements
 		20-32XX
 		72,364
 		85,370
 		85,370
TOTAL REVENUES FROM STATE SOURCES
 		1,649,055
 		1,129,369
 		1,179,474
Revenues from Federal Sources:



Title I
 		20-4411-4416
 		339,970
 		399,628
 		399,628
I.D.E.A. Part B (Handicapped)
 		20-4420
 		121,274
 		164,840
 		164,840
Other
 		20-4XXX
 		39,273
 		62,444
 		62,444
TOTAL REVENUES FROM FEDERAL SOURCES
 		500,517
 		626,912
 		626,912
TOTAL SPECIAL REVENUE FUNDS
2,149,572
 		1,756,281
 		1,806,386
DEBT SERVICE



Budgeted Fund Balance
 		40-303
27,106
 		93,083
Transfers from Other Funds
 		40-5200
 		27,158


Revenues from Local Sources:



Local Tax Levy
 		40-1210
 		196,629
 		190,804
 		104,196
TOTAL REVENUES FROM LOCAL SOURCES
196,629
 		190,804
 		104,196
TOTAL LOCAL DEBT SERVICE
223,787
 		217,910
 		197,279
Act (Excess) Deficiency of Rev (Over)/Under Expnd
-1,083

TOTAL DEBT SERVICE FUND
222,704
 		217,910
 		197,279
TOTAL REVENUES/SOURCES
7,875,813
 		8,403,269
 		8,678,826


PASSAIC - PROSPECT PARK BORO
Advertised Appropriations
Budget Category
 		Account
 		2002-03
 		2003-04
 		2004-05


Expenditures
 		Rev. Approp.
 		Appropriations
GENERAL CURRENT EXPENSE
Regular Programs - Instruction
 		11-1XX-100-XXX
 		1,418,696
 		1,872,971
 		1,979,454
Special Education - Instruction 11-2XX-100-XXX 458,321
 		504,321
 		535,955
Bilingual Education - Instruction 11-240-100-XXX 73,055
 		137,800
 		197,263
School-Spon. Co/Extra-Curr.



   Activities - Instruction 11-401-100-XXX 1,700
 		1,800
 		1,900
School Sponsored Athletics -



   Instruction
 		11-402-100-XXX 4,995
 		5,269
 		5,600
Community Services



   Programs/Operations
 		11-800-330-XXX

31,240
Undistributed Expenditures:



Instruction 11-000-100-XXX 798,213
 		935,183
 		930,760
Health Services
 		11-000-213-XXX 54,638
 		62,900
 		63,668
Other Supp Serv - Stds -



   Related & Extraordinary
 		11-000-216,217
 		149,597
 		165,900
 		165,511
Other Support Services -



   Students - Regular
 		11-000-218-XXX 22,235
 		54,650
 		63,300
Other Support Services -



   Students - Special
 		11-000-219-XXX 109,987
 		108,820
 		101,213
Educational Media Services



   - School Library
 		11-000-222-XXX 44,405
 		126,973
 		62,500
Instructional Staff Training Services
 		11-000-223-XXX 5,409
 		1,000
 		1,000
Support Services - General



   Administration
 		11-000-230-XXX 217,744
 		235,526
 		221,820
Support Services - School



   Administration
 		11-000-240-XXX 245,923
 		256,589
 		257,871
Central Svcs & Admin Info Technology
 		11-000-25X-XXX

262,895
Operation and Maintenance of



   Plant Services
 		11-000-26X-XXX 561,936
 		580,798
 		529,441
Student Transportation Services
 		11-000-270-XXX 305,008
 		279,990
 		346,000
Other Support Services
 		11-000-290-XXX 169,835
 		196,744
Personal Services - Employee Benefits
 		11-XXX-XXX-2XX 861,840
 		869,429
 		917,570
Food Services
 		11-000-310-XXX
6,000
Total Undistributed Expenditures
3,546,770
 		3,880,502
 		3,923,549
TOTAL GENERAL CURRENT EXPENSE
5,503,537
 		6,402,663
 		6,674,961
CAPITAL OUTLAY
Interest Deposit to Capital Reserve
 		10-604
300
 		200
Equipment
 		12-XXX-XXX-73X
15,000
Facilities Acquisition and



   Construction Services
 		12-000-4XX-XXX
11,115
TOTAL CAPITAL OUTLAY

26,415 200
GENERAL FUND GRAND TOTAL
5,503,537
 		6,429,078
 		6,675,161
SPECIAL REVENUE FUNDS



Instruction
 		20-211-100-XXX
 		821,893
 		533,131
 		502,141
Early Childhood Program Aid:



Support Services
 		20-211-200-XXX
 		177,290
 		130,476
 		187,787
TOTAL EARLY CHILDHOOD PROGRAM AID
 		999,183
 		663,607
 		689,928
Demonstrably Effective Program Aid:



Instruction
 		20-212-100-XXX
 		306,576
 		350,850
 		248,700
Support Services
 		20-212-200-XXX 221,045
 		29,542
 		145,017
TOTAL DEMONSTRABLY EFFECTIVE PROGRAM AID
 		527,621
 		380,392
 		393,717
Distance Learning Network Aid:



Support Services
 		20-213-200-XXX 46,387
10,459
Facilities Acquisition and Construction



   Services
 		20-213-400-XXX 3,500

TOTAL DISTANCE LEARNING NETWORK AID
 		49,887
10,459
Other State Projects:



Nonpublic Textbooks
 		20-XXX-XXX-XXX 12,804
 		17,686
 		17,686
Nonpublic Auxiliary Services
 		20-XXX-XXX-XXX 23,792
 		31,701
 		31,701
Nonpublic Handicapped Services
 		20-XXX-XXX-XXX 6,026
 		3,114
 		3,114
Nonpublic Nursing Services
 		20-XXX-XXX-XXX 16,049
 		20,989
 		20,989
Nonpublic Technology Initiative
 		20-XXX-XXX-XXX

11,880
Other Special Projects
 		20-XXX-XXX-XXX 13,693
 		11,880
Total State Projects
1,649,055
 		1,129,369
 		1,179,474
Federal Projects:
Title I
 		20-XXX-XXX-XXX 339,970
 		399,628
 		399,628
I.D.E.A. Part B (Handicapped)
 		20-XXX-XXX-XXX 121,274
 		164,840
 		164,840
Other Special Projects
 		20-XXX-XXX-XXX 39,273
 		62,444
 		62,444
Total Federal Projects
500,517
 		626,912
 		626,912
TOTAL SPECIAL REVENUE FUNDS
2,149,572
 		1,756,281
 		1,806,386
DEBT SERVICE FUNDS



Debt Service - Regular
 		40-701-510-XXX
 		222,704
 		217,910
 		197,279
TOTAL DEBT SERVICE FUNDS
222,704
 		217,910
 		197,279
Total Expenditures/Appropriations
7,875,813
 		8,403,269
 		8,678,826
DEDUCT APPROPRIATIONS INCLUDED IN MULTIPLE FUNDS DUE TO TRANSFERS:
Local Contribution - Transfer to Special Revenue
 		11-1XX-100-930


Capital Reserve - Transfer to Debt Service
 		12-000-400-933


TOTAL EXPENDITURES/APPROPRIATIONS


   NET OF TRANSFERS
7,875,813
 		8,403,269
 		8,678,826


PASSAIC - PROSPECT PARK BORO
Advertised Recapitulation of Balances


General Fund
 		Gen. Fund
 		General Fund


(Reserved)
 		(Reserved) (Reserved) General Fund

General Fund
 		Cap. Reserve
 		Adult Ed.
 		Maintenance
 		(Reserved)
Budget Category
 		(Unreserved) Account
 		Programs
 		Reserve Acct.
 		Legal Reserves
(1)
 		(2)
 		(3) (4) (5) (6)
Est. Approp. Bal. 6-30-02 (Prior Budg)
 		443,932
 		18,326
 		0
 		0
 		0
Approp. Balances 6-30-02 (from Audit)
 		382,046
 		18,785
 		0
 		0
 		266,686
Est. Approp. Bal. 6-30-03 (Prior Budg) 270,754
 		19,044
 		0
 		0
 		0
Approp. Balances 6-30-03 (from Audit) 547,298
 		19,085
 		0
 		0
 		290,608
Amount Budgeted during FY 03-04
 		-376,414
 		300
 		0
 		0
 		-38,473
Add. Bal. to be Approp during FY 03-04
 		0
 		0
 		0
 		0
 		0
Add. Bal. Anticipated during FY 03-04
 		4,044
 		0
 		0
 		0
 		10,141
Approp. Bal. 6-30-04 (est.) before Trans.
 		174,928
 		19,385
 		0
 		0
 		262,276
Anti. Excess GF Bal. Trans during FY 03-04
 		0
 		0
 		0
 		0
 		0
Approp. Bal. 6-30-04 (est.) after Transfer
 		174,928
 		19,385
 		0
 		0
 		262,276
Amount Budgeted in FY 04-05
 		0
 		200
 		0
 		0
 		-262,276
Appropriations Balances 6/30/05 (est.)
 		174,928
 		19,585
 		0
 		0
 		0
 
 Current state law requires that unreserved general fund balance (surplus) in excess of the established statutory limitation (generally 6% of the prior year budget) must be appropriated in the budget for tax relief purposes. Below are the amounts for the proposed and prior two years given the current statutory limitations:

2002-03
 		2003-04
 		2004-05


306,639
 		507,694
 		57,982



PASSAIC - PROSPECT PARK BORO
Advertised Recapitulation of Balances

General Fund
Special Revenue

(Reserved)
 		Debt
 		Cap. Reserve
Budget Category
 		Tuition Reserve
 		Service
 		Account
 		Totals
(1)
 		(7)
 		(8)
 		(9)
 		(10)
Est. Approp. Bal. 6-30-02 (Prior Budg) 0
 		0
 		0
 		462,258
Approp. Balances 6-30-02 (from Audit) 0
 		123,181
 		0
 		790,698
Est. Approp. Bal. 6-30-03 (Prior Budg) 0
 		0
 		0
 		289,798
Approp. Balances 6-30-03 (from Audit) 0
 		124,264
 		0
 		981,255
Amount Budgeted during FY 03-04 0
 		-27,106
 		0
 		-441,693
Add. Bal. to be Approp during FY 03-04 0
 		-4,075
 		0
 		-4,075
Add. Bal. Anticipated during FY 03-04 0
 		0
 		0
 		14,185
Approp. Bal. 6-30-04 (est.) before Trans. 0
 		93,083
 		0
 		549,672
Anti. Excess GF Bal. Trans during FY 03-04 0
 		0
 		0
 		0
Approp. Bal. 6-30-04 (est.) after Transfer 0
 		93,083
 		0
 		549,672
Amount Budgeted in FY 04-05 0
 		-93,083
 		0
 		-355,159
Appropriations Balances 6/30/05 (est.) 0
 		0
 		0
 		194,513


PASSAIC - PROSPECT PARK BORO
Advertised Per Pupil Cost Calculations
2003-2004
Advertised Per Pupil Cost Calculations
2003 - 2004

2001-02
 		2002-03
 		2003-04
 		2003-2004
 		2004-2005

Actual
 		Actual
 		Original
 		Revised
 		Proposed



Budget
 		Budget
 		Budget






Per Pupil Cost Calculations:
 		(1)
 		(2)
 		(3)
 		(4)
 		(5)
Total Comparative Per Pupil Cost
 		6934
 		7982
 		8405
 		8048
 		8278
Total Classroom Instruction
 		4411
 		5116
 		5546
 		5293
 		5337
Classroom - Salaries and Benefits
 		4122
 		4810
 		5338
 		5087
 		5120
Classroom - General Supplies and Textbooks
 		284
 		303
 		201
 		199
 		212
Classroom - Purchased Services and Other