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2015

2014

1. Surplus

120,000.00

$

120,000.00

$

2. Total Miscellaneous Revenues

325,012.18

$

325,471.45

$

3. Receipts from Delinquent Taxes

142,000.00

$

130,000.00

$

4. a) Local Tax for Municipal Purposes

782,181.00

$

790,260.00

$

b) Addition to Local District School Tax

c) Minimum Library Tax

36,637.00

$

38,168.00

$

Total Amount to be Raised for

Support of Municipal Budget

818,818.00

$

828,428.00

$

Total General Revenues

1,405,830.18

$

1,403,899.45

$

2015 Budget

Final 2014 Budget

1. Operating Expenses:

Salaries and Wages

176,591.00

$

159,063.00

$

Other Expenses

801,957.18

$

850,454.45

$

2. Deferred Charges & Other Appropriations

162,385.00

$

155,668.00

$

3. Capital Improvements

86,000.00

$

76,000.00

$

4. Debt Service (Included for School)

-

$

7,560.00

$

5. Reserve for Uncollected Taxes

178,897.00

$

155,154.00

$

Total General Appropriations

1,405,830.18

$

1,403,899.45

$

Total Number of Employees

5 F/T & 17 P/T

5 F/T & 17 P/T

2015

2014

1. Surplus

36,944.00

$

18,919.00

$

2. Rents

318,000.00

$

318,721.00

$

3. Fire Hydrant

14,000.00

$

14,000.00

$

4. Deficit (General Budget)

Total Revenue

368,944.00

$

351,640.00

$

2015 Budget

Final 2014 Budget

1. Operating Expenses:

Salaries and Wages

90,000.00

$

88,000.00

$

Other Expenses

108,000.00

$

108,000.00

$

2. Capital Improvements

-

$

15,000.00

$

3. Debt Service

160,709.00

$

130,405.00

$

4. Deferred Charges & Other Appropriations

10,235.00

$

10,235.00

$

5. Surplus (General Budget)

Total General Appropriations

368,944.00

$

351,640.00

$

2015

2014

1. Surplus

73,662.00

$

222,058.00

$

2. Rents

350,000.94

$

333,000.00

$

3. Miscellaneous Rents

303,060.00

$

304,510.00

$

4. Miscellaneous

999,737.06

$

500.00

$

Total Revenue

1,726,460.00

$

860,068.00

$

2015 Budget

Final 2014 Budget

1. Operating Expenses:

Salaries and Wages

125,940.00

$

115,800.00

$

Other Expenses

281,000.00

$

270,500.00

$

2. Capital Improvements

50,000.00

$

200,000.00

$

3. Debt Service

256,120.00

$

261,128.00

$

4. Deferred Charges & Other Appropriations

1,013,400.00

$

12,640.00

$

5. Surplus (General Budget)

-

$

-

$

Total General Appropriations

1,726,460.00

$

860,068.00

$

General

Water Utility

Utility - Sewer

Interest

N/A

539,070.71

$

2,911,581.77

$

Principal

824,631.59

$

4,534,865.13

$

Outstanding

-

$

1,363,702.30

$

7,446,446.90

$

Notice is hereby given that the budget and tax resolution was approved by the Mayor and Council

of the Borough of Milford, County of Hunterdon, on April 6, 2015.

A hearing on the budget and tax resolution will be held at the Milford Fire Company Building on May 4 ,2015

at 7:00 o'clock p.m. at which time and place objections to the Budget and Tax Resolutions for the

year 2015 may be presented by taxpayers or other interested persons.

Copies of the budget are available in the Office of the Clerk, Karen Dysart at the Municipal Building

Water Street, Milford, New Jersey, (908) 995-4323 during the hours of 9:00 a.m. to 4:30 p.m.

Summary of Appropriations

2015 Municipal Budget

of the Borough of Milford, County of Hunterdon for the fiscal year 2015

Revenues and Appropriations Summaries

Anticipated

Summary of Revenues

Balance of Outstanding Debt

2015 Dedicated Water Utility Budget

Summary of Revenues

Summary of Appropriations

2015 Dedicated Sewer Utility Budget

Summary of Revenues

Summary of Appropriations