This report is a detailed budget analysis of projected costs of three school calendars, including a 45-15 extended year operation, for an elementary school in Brick Town, New Jersey. The purpose of the report is to estimate the fiscal effects of the 45-15 extended school year operation to determine whether such a method of operation is more cost effective than the conventional school calendar method of operation. Cost estimates for the conventional 180 day school calendar are based on capacity enrollment and actual current enrollment. Results indicate a cost benefit of $17.26 per pupil projected for the extended school year. In addition, there is a $1.5 million potential saving in capital outlays under the extended school year plan. (Author/DN)