Background Image
Previous Page  7 / 65 Next Page
Information
Show Menu
Previous Page 7 / 65 Next Page
Page Background

EXPLANATORY STATEMENT- (Continued)

BUDGET MESSAGE

2014 CAP Calculation

The Borough has elected to increase the "CAP" to 3.5%.

Below is how the CAP is calculated for 2014.

General Appropriations for 2013

$

1,559,510.00 Amount on which 3.5% CAP is applied

1,041,786.00

CAP Base Adjustment

3.5% CAP

36,462.51

Subtotal

1,559,510.00

Allowable operating appropriations before additional

Exceptions:

exception per (NJSA 40A:4-5.2)

1,078,248.51

Less:

Total Other Operations

58,000.00 Add on modifications:

Total Interlocal Service

24,000.00

Total Public & Private Programs

6,065.00 New Construction

2,645.00

Total Capital Improvements

51,000.00 2012 CAP

(0.01)

Total Municipal Debt Service

234,835.00 2013 CAP Bank

62.31

Total Deferred Charges

Reserve for Uncollected Taxes

143,824.00 Total allowable appropriations

$ 1,080,955.81

The total general appropriations for municipal purposes within "CAPS", as

indicated at item (H-1) sheet 19 of this budget document.

920,705.00

Total Exceptions

517,724.00

Under CAP

160,250.81

NOTE:

Sheet 3b-1

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).