EXPLANATORY STATEMENT- (Continued)
2012 CAP Calculation
The Borough has elected to increase the "CAP" to 3.5%.
Below is how the CAP is calculated for 2012.
General Appropriations for 2011
1,501,864.00 Amount on which 3.5% CAP is applied
CAP Base Adjustment
Allowable operating appropriations before additional
exception per (NJSA 40A:4-5.2)
Total Other Operations
58,695.00 Add on modifications:
Total Interlocal Service
Total Public & Private Programs
4,000.00 New Construction
Total Capital Improvements
55,500.00 2010 CAP
Total Municipal Debt Service
257,080.00 2011 CAP Bank
Total Deferred Charges
Reserve for Uncollected Taxes
125,554.00 Total allowable appropriations
The total general appropriations for municipal purposes within "CAPS", as
indicated at item (H-1) sheet 19 of this budget document.
MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:
1. HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)
2. 2010 "CAP" LEVY WORKBOOK SUMMARY
3. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM
(e.g. if Police S&W appears in the regular section and also under "Operations Excluded from "CAPS" section, combine the
figures for purposes of citizen understanding.)
4. INFORMATION OR A SCHEDULE SHOWING THEA AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE
AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).