EXPLANATORY STATEMENT- (Continued)
2013 CAP Calculation
The Borough has elected to increase the "CAP" to 3.5%.
Below is how the CAP is calculated for 2013.
General Appropriations for 2012
1,561,366.00 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
67,342.00 Add on modifications:
Total Interlocal Service
Total Public & Private Programs
6,907.00 New Construction
Total Capital Improvements
61,000.00 2011 CAP
Total Municipal Debt Service
334,629.00 2012 CAP Bank
Total Deferred Charges
Reserve for Uncollected Taxes
128,081.00 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. 2013 "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 THE AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE
AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).