03/25/2008                                       GLOUCESTER  -  CLEARVIEW REGIONAL

                                                    Advertised Enrollments

      ENROLLMENT CATEGORY                         October 15, 2006         October 15, 2007         October 15, 2008
                                                      Actual                   Actual                 Estimated
  
      Pupils on Roll Regular Full-Time                      2078                     2116                     2215
      Pupils on Roll Regular Shared-Time                      16                        8

      Pupils on Roll - Special Full-Time                     303                      283                      302
      Pupils on Roll - Special Shared-Time                     5                        4
      Private School Placements                               20                       21                       21

      Pupils Sent to Other Districts-Reg Prog                                           1                        1
      Pupils Sent to Other Dists-Spec Ed Prog                 18                       19                       22
      Pupils Received                                          8                        9                        4
 


                                                  GLOUCESTER - CLEARVIEW REGIONAL

                                                      Advertised Revenues

      Budget Category                                        Account             2006-07          2007-08          2008-09
                                                                                  Actual          Revised       Anticipated
      OPERATING BUDGET
      Budgeted Fund Balance - Operating Budget              10-303                                     690,965          860,592
      Withdrawal from Cap Res-for Local Share               10-307                                      13,500

      Revenues from Local Sources:                                         
      Local Tax Levy                                        10-1210                13,321,073       14,036,426       14,444,883
      Tuition                                               10-1300                   124,389           72,000           72,000
      Transportation Fees from Other LEAs                   10-1420-1440               10,637           25,000           25,000
      Interest Earned on Capital Reserve Funds              10-1XXX                     6,809                             3,750
      Other Restricted Miscellaneous Revenues               10-1XXX                                      3,665
      Unrestricted Miscellaneous Revenues                   10-1XXX                   347,864           90,000          223,000
      SUBTOTAL                                                                     13,810,772       14,227,091       14,768,633

      Revenues from State Sources:                                         
      Core Curriculum Standards Aid                         10-3111                 9,025,472        9,025,472
      Supplemental Core Curriculum Standards Aid            10-3112                    48,455           48,455
      Transportation Aid                                    10-3120                   752,254          752,254
      Special Education Aid                                 10-3130                   912,464          912,464
      Bilingual Education                                   10-3140                     2,374            2,374
      Extraordinary Aid                                     10-3131                    65,144                           110,798
      Consolidated Aid                                      10-3195                   236,776          236,776
      Additional Formula Aid                                10-3196                   329,334          674,290
      Other State Aids                                      10-3XXX                   215,289          191,389
      Categorical Special Education Aid                     10-3132                                                   1,237,151
      Equalization Aid                                      10-3176                                                  11,940,398
      Categorical Security Aid                              10-3177                                                     169,429
      Categorical Transportation Aid                        10-3121                                                     829,063
      SUBTOTAL                                                                     11,587,562       11,843,474       14,286,839
      Adjustment for Prior Year Encumbrances                                                           275,770
      Actual Revenues (Over)/Under Expenditures                                      -679,858
      TOTAL OPERATING BUDGET                                                       24,718,476       27,050,800       29,916,064
      GRANTS AND ENTITLEMENTS

      Revenues from State Sources:                                         
      Other Restricted Entitlements                         20-32XX                    90,043           95,756           80,542
      TOTAL REVENUES FROM STATE SOURCES                                                90,043           95,756           80,542

      Revenues from Federal Sources:                                       
      Title I                                               20-4411-4416              121,313          121,043          102,886
      I.D.E.A. Part B (Handicapped)                         20-4420-4429              308,215          445,240          378,454
      Vocational Education                                  20-4430                    54,473           66,885           56,852
      Other                                                 20-4XXX                    38,183           42,849           36,421
      TOTAL REVENUES FROM FEDERAL SOURCES                                             522,184          676,017          574,613
      TOTAL GRANTS AND ENTITLEMENTS                                                   612,227          771,773          655,155
      REPAYMENT OF DEBT
      Budgeted Fund Balance                                 40-303                                           1

      Revenues from Local Sources:                                         
      Local Tax Levy                                        40-1210                 1,946,686        2,068,825        2,176,412
      TOTAL REVENUES FROM LOCAL SOURCES                                             1,946,686        2,068,825        2,176,412

      Revenues from State Sources:                                         
      Debt Service Aid Type II                              40-3160                   587,536          628,143          606,185
      TOTAL LOCAL REPAYMENT OF DEBT                                                 2,534,222        2,696,969        2,782,597
      Actual Revenues (Over)/Under Expenditures                                             2
      TOTAL REPAYMENT OF DEBT                                                       2,534,224        2,696,969        2,782,597
      TOTAL REVENUES/SOURCES                                                       27,864,927       30,519,542       33,353,816
                                                  GLOUCESTER - CLEARVIEW REGIONAL

                                                   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          8,967,748        9,692,578       10,243,081
      Special Education                                     11-2XX-100-XXX          1,811,414        1,991,102        2,098,571
      Basic Skills/Remedial                                 11-230-100-XXX                               4,600            4,600
      Bilingual Education                                   11-240-100-XXX                               7,339            2,400
      School-Spon. Co/Extra-Curr. Activities                11-401-100-XXX            166,816          234,568          250,611
      School Sponsored Athletics                            11-402-100-XXX            606,592          709,804          765,621
      Support Services:
      Tuition                                               11-000-100-XXX          1,493,244        1,700,493        1,711,507
      Attendance and Social Work Services                   11-000-211-XXX             78,639           81,229           85,251
      Health Services                                       11-000-213-XXX            192,000          204,883          224,944
      Students - Related & Extraordinary                    11-000-216,217             67,264           78,210          168,653
      Guidance                                              11-000-218-XXX            733,441          847,860          913,632
      Child Study Teams                                     11-000-219-XXX            304,512          308,044          334,171
      Improvement of Instructional Services                 11-000-221-XXX            271,038          324,329          415,940
      Educational Media Services - School Library           11-000-222-XXX            245,062          263,837          273,918
      Instructional Staff Training Services                 11-000-223-XXX              8,380           23,400           45,200
      General Administration                                11-000-230-XXX            480,882          522,052          530,414
      School Administration                                 11-000-240-XXX          1,229,004        1,475,836        1,460,502
      Central Svcs & Admin Info Technology                  11-000-25X-XXX            521,640          684,658          690,870
      Deposit to Maintenance Reserve                        10-606                                      20,000
      Operation and Maintenance of Plant Services           11-000-26X-XXX          2,172,997        2,281,905        2,660,954
      Student Transportation Services                       11-000-270-XXX          1,569,365        1,641,342        1,660,424
      Personal Services - Employee Benefits                 11-XXX-XXX-2XX          3,619,892        3,591,690        4,464,750
      Food Services                                         11-000-310-XXX             19,426           40,470           42,641
      Total Support Services Expenditures                                          13,006,786       14,070,238       15,683,771
      TOTAL GENERAL CURRENT EXPENSE                                                24,559,356       26,730,229       29,048,655

      CAPITAL EXPENDITURES
      Deposit to Capital Reserve                            10-604                                                      200,000
      Interest Earned on Capital Reserve                    10-604                                                        3,750
      Equipment                                             12-XXX-XXX-73X             41,296          220,552          264,084
      Facilities Acquisition and Construction Services      12-000-4XX-XXX             35,120           51,354          296,575
      TOTAL CAPITAL EXPENDITURES                                                       76,416          271,906          764,409

      SPECIAL SCHOOLS
      Other Special Schools:
      Instruction                                           13-4XX-100-XXX              9,504            7,105
      Total Other Special Schools                                                       9,504            7,105
      Adult Education - Local:
      Instruction                                           13-602-100-XXX              1,450              970            2,000
      Support Services                                      13-602-200-XXX             71,750           40,590          101,000
      Total Adult Education - Local                                                    73,200           41,560          103,000
      TOTAL SPECIAL SCHOOLS                                                            82,704           48,665          103,000
      OPERATING BUDGET GRAND TOTAL                                                 24,718,476       27,050,800       29,916,064

      SPECIAL GRANTS AND ENTITLEMENTS
      Nonpublic Textbooks                                   20-XXX-XXX-XXX              9,569           13,861           11,781
      Other State Projects:
      Nonpublic Auxiliary Services                          20-XXX-XXX-XXX             25,547           27,764           23,600
      Nonpublic Handicapped Services                        20-XXX-XXX-XXX             17,331           24,065           20,455
      Nonpublic Nursing Services                            20-XXX-XXX-XXX             17,746           19,146           16,274
      Nonpublic Technology Initiative                       20-XXX-XXX-XXX              9,343            9,920            8,432
      Other Special Projects                                20-XXX-XXX-XXX             10,507            1,000
      Total State Projects                                                             90,043           95,756           80,542
      Federal Projects:
      Title I                                               20-XXX-XXX-XXX            121,313          121,043          102,886
      I.D.E.A. Part B (Handicapped)                         20-XXX-XXX-XXX            308,215          445,240          378,454
      Vocational Education                                  20-XXX-XXX-XXX             54,473           66,885           56,852
      Other Special Projects                                20-XXX-XXX-XXX             38,183           42,849           36,421
      Total Federal Projects                                                          522,184          676,017          574,613
      TOTAL GRANTS AND ENTITLEMENTS                                                   612,227          771,773          655,155

      REPAYMENT OF DEBT
      Repayment of Debt - Regular                           40-701-510-XXX          2,534,224        2,696,969        2,782,597
      TOTAL REPAYMENT OF DEBT                                                       2,534,224        2,696,969        2,782,597
      Total Expenditures                                                           27,864,927       30,519,542       33,353,816

      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                                          27,864,927       30,519,542       33,353,816

                                                  GLOUCESTER  -  CLEARVIEW REGIONAL

                                          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                               898,917               804,360               619,414               535,501
        Repayment of Debt                                            3                     1                     0                     0

      Reserved for Specific Purposes:
         General Operating Budget:
            Capital Reserve                                    126,615               133,424               119,924               323,674
            Adult Education Programs                                 0                     0                     0                     0
            Maintenance Reserve                                    200                   200                20,200                20,200
            Legal Reserve                                      686,982             1,246,698               776,679                     0
            Tuition Reserve                                          0                     0                     0                     0
            Current Expense Emergency Reserve                        0                     0                     0                     0
         Reserved for Repayment of Debt                              0                     0                     0                     0
 



                                                  GLOUCESTER  -  CLEARVIEW REGIONAL

                                               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                            9046            8988           9580           9715          10201
Total Classroom Instruction                                 5443            5483           5814           5807           6031
Classroom-Salaries and Benefits                             5143            5167           5403           5327           5610
Classroom-General Supplies and Textbooks                     227             213            291            335            285
Classroom-Purchased Services and Other                        73             102            119            145            136
Total Support Services                                      1058             961           1063           1054           1189
Support Services-Salaries and Benefits                       894             882            941            947           1053
Total Administrative Costs                                  1093            1100           1155           1303           1264
Administration-Salaries and Benefits                         909             896            930           1064            994
Total Operations and Maintenance of Plant                    972             995           1033           1031           1163
Operations & Maintenance of Plant-Salary & Ben.              443             460            469            463            526
Total Food Services Costs                                     16               8             17             17             17
Total Extracurricular Costs                                  399             378            434            444            467
Total Equipment Costs                                         19              17             80             92            105
Employee Benefits as a % of Salaries                        23.5            23.3           23.8           21.5           25.1


 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.

                                                 GLOUCESTER  -  CLEARVIEW REGIONAL

                Unusual Revenues and Appropriations
                ___________________________________

Line Number   Revenue Source or               08-09 Amount           Description of circumstances
                Approp. Due to    



Total Unusual Revenues: 
                                   0                   Total Unusual Appropriations:               0

                          GLOUCESTER  -  CLEARVIEW REGIONAL

Shared Services -- Description of Shared Services
_________________________________________________

  Clearview Regional provides the complete transportation services for     
  Mantua Elementary School District.  It also hosts other transportation   
  routes for several other local school districts as requested.            
                                                                           
  Clearview participates in several purchasing consortiums including the   
  ACES for purchase of electricity, EdData for the purchase of classroom   
  supplies, Pittsgrove Paper Consortium, Gloucester County Special Services
  for CST services which cannot be staffed in-house and transportation runs
  which cannot be handled by our transportation departement.               
                                                                           
  Clearview also shares professional development opportunities with our    
  constituent districts.                                                   

                          GLOUCESTER  -  CLEARVIEW REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

HARRISON                 

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,215,213 (A)
Estimated Net Taxable Valuation (as of 01/12/2008 )           803,990,329 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.8974 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,302,330 (D)
Estimated Net Taxable Valuation (as of 01/12/2008 )           803,990,329 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.0326 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

HARRISON                 

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,215,213 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           1,435,410,436 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.5027 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,302,330 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           1,435,410,436 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5784 (L)


                          GLOUCESTER  -  CLEARVIEW REGIONAL

22a. Estimated Tax Rate Information
     ______________________________



A. Estimated 08-09 School Tax Rate
__________________________________

MANTUA TWP               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,229,670 (A)
Estimated Net Taxable Valuation (as of 01/10/2008 )           755,410,658 (B)
Estimated 08-09 General Fund School Tax Rate=(A)/(B)X100           0.9571 (C)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,318,965 (D)
Estimated Net Taxable Valuation (as of 01/10/2008 )           755,410,658 (E)
Estimated 08-09 Total School Tax Rate=(D)/(E)X100                  1.1013 (F)


B. Estimated 08-09 Equalized School Tax Rate
____________________________________________

MANTUA TWP               

WITHOUT REPAYMENT OF DEBT OR ADJUSTMENTS
General Fund School Levy                                        7,229,670 (G)
Estimated Equalized Valuation (as of 10/01/2007 )           1,446,085,487 (H)
Estimated 08-09 Equalized General Fund School
                         Tax Rate=(G)/(H)X100                      0.4999 (I)


WITH REPAYMENT OF DEBT AND ADJUSTMENTS

Total School Levy                                               8,318,965 (J)
Estimated Equalized Valuation (as of 10/01/2007 )           1,446,085,487 (K)
Estimated 08-09 Equalized Total School
                  Tax Rate=(J)/(K)X100                             0.5753 (L)