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EXPLANATORY STATEMENT

SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET

Year 2012

General Appropriations For : (Reference to item and sheet number should be omitted in advertised budget)

XXXXXXXXXXXX

1. Appropriations within "CAPS" -

XXXXXXXXXXXX

(a) Municipal Purposes {(Item H-1, Sheet 19) (N.J.S. 40A:4-45.2)}

948,749.00

2. Appropriations excluded from "CAPS"

XXXXXXXXXXXX

(a) Municipal Purposes {(Item H-2, Sheet 28) (N.J.S. 40A:4-45.3 as amended)}

484,536.00

(b) Local District School Purposes in Municipal Budget (Item K, sheet 29)

Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)

484,536.00

3. Reserve for Uncollected Taxes (Item M, Sheet 29) - Based on Estimated 96.69 % Percent of Tax Collections

128,081.00

Building Aid Allowance 2012 -

$______________

4. Total General Appropriations (Item 9, Sheet 29) for Schools-State Aid 2011 -

$______________

1,561,366.00

5. Less Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11)

(i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)

754,785.00

6. Difference: Amount to be Raised by Taxes for Support of Municipal Budget (as follows)

XXXXXXXXXXXX

(a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet 11)

758,581.00

(b) Addition to Local District School Tax (Item 6(b), Sheet 11)

(c) Minimum Library Tax

48,000.00

Sheet 3