2012 belvidere budget worksheet

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Town of Belvidere

2012 Budset Issues

Ausust 15,2011

1) The budget, as presented, is extremely tentative, and subject

to substantial changes. Changes in state aid, pension, debt service,

insurance costs, and available fund balance are all likely.

2) The budget, as presented, is below the expenditure CAP.

3) The budget, as presented, exceeds the tax Ievy CAP by

approximately $1871200. This means that either appropriation

reductions must be made, or additional revenue sources must

be identified in order to be compliant with the tax levy CAP.

4) The maximum tax lely allowed in 2012 will be approximately

$2,095,286. This is an increase of $2721372 over the 2011 levy.

Approximately $202,000 of this increase will be caused by increases

in debt service. The actual amount will not be known until the bonds

are sold on 9/27lll.

5) The increase to the average residential taxpayer will be

approximately $20.12 per month, or a 14.967o increase in local

taxes.



Appropriations:

Operations within CAP

Operations excluded from CAP

Capital Improvements

Debt Service

Deferred Charges excluded from CAP

Amount over tax levy CAP

To tal projected appropriations

Local school tax @stimate)Counfy tax @stimate)

Revenues (Other than local taxes)

Reserve for uncollected taxes (97.35%)Total projected 2012 tax Ievy

20 12 Iibrary appropriation

Components of 2012 proiected tax levy:

Local tax

Local tax for lillrarySchool tax

Counfy tax

Projected 2011 tax rate:

Local tax

Local tax for librarySchool tax

County tax

Estimated 2Al2 net valuation taxable

Number of residential propertiesAssessed value

Average assessed value

Effect ofprojected tax rate on a house assessed at

Local tax

Local tax for librarySchool tax

County tax

Town of Belvidere

Preliminary Proiected 2012 Tax Rate

2,759,737

99,616

25,000

377,414

13,800

(187,200)

3,088,367

3,368,000

1,590,000

8,046,367

(1,092,770)

619531597

189,286.417 rl42,gg3

89,597

2,095,286.41

89,597.00

3,368,000.00

1,590,000.00

_J_J42.883lL

2012

CAP

Maximum allorved Under CAP

2,904,555 144,818

2,095,343 maximumallowed

t.521

0.065

2-445

1.154

L.323

0.065

2.445

1.154

@stimated)20tt

Increase

(Decrease)

0.198

0.000

(0.000)

0.000

08/15/20I I

PercentageIncrease

(Decrease)

14.960h

Monthly

Increase

(Decrease)

20.12

5.185

__137_Jj!f2t

834101,130,000

121,259

$122,000

2012

4.98'.7 0.1 98

Increase

(Decrease)

241

0

0

0

1,856

79

2,983

1,408

1,614

79

21983

1,408

6,084,325

20tl

241



Town of Belvidere

Proposed Revenues

Other than Current Taxes

2012 Budeet

Anticipated

08/15/201 I

Realized

20ttescription 2012 20tL

Fund Balance AnticipatedABC Licenses

Municipal Court

Interest and Costs on taxes

Interest on Investments

Consolidated Municipal Property Relief Act

Energy Receipts Tax

Garden State Trust Fund

Construction Code fees

DOT grant

Capital Reserve for Debt Service

Utility Surplus of prior year - sewer

Utility Surplus of current year - sewer

Cable TV franchise fee

Reserve for Municipal AIIiance grantReserve for Clean Communities

Forestry Grant

Additional Construction code fees

Reserve for Highlands Master PIan Grant

Reserve for DDEF

Recycling Tonnage Grant

Reserve for body armor replacement fund

reserve for Recycling tonnage grant

Reserve for Comcast grant

Delinquent Taxes

170,000.00

8,700.00

69,000.00

37,000.00

13,229.00

462,911.40

3,430.00

23,000.00

141,300.00

8,200.00

156,000.00

191,350.00

8,700.00

69,000.00

37,000.00

13,229.00

462,9tt.00

3,430.00

23,000.00

141,300.00

86,000.00

67,000.00

8,200.00

3,000.00

3,768.14

1,619.59

6,702.43

10,000.00

156,000.00

lro92r77o.o0 L12921210.16 0.00



Town of Belvidere

2012 Budeet Worksheet

l of 4

08/15r2011

Appropriation

Mayor and Council:

s&w

otEMunicipal Clerk:

s&wo/E:

Records Managenrent

Miscellaneous Other Expenses

Codification

Financial Adnrinistmtion:

s&w

otE

Audit Senicesr

otl,Asessment of Taxes:

s&w

o/E

Tax AppealsMiscellaneous Other ExpeDses

Collection of Taxes:

s&wo1E

Legal:

s&wo/E:

Miscellaneous

Special Litigation

Prosecutor:

otE

Engineering;

olE

Buildings & Grounds:

s&wOlEt

Repairs and Replacements

Scout florne Maintenance

Econonic Development:

o/a

Planning Bd.:

s&wo/E:

Elousing Element

Ordinance Revisions

Miscellaneous

Bd. of Adjustment:

s&wolE

Zoning Officer:

s&wotE

Shade Tree Commission:

s&wolE

Firel

s&wotB:

Turn out gear

Donation to Volunteer Fire Company

2011

20lZ Adopted

Proposed Budgei 2O1l

Budget O{odified) Experded

15,112.00 7,936.00

1,000.001,000.00

99,000.00 99,000.00

0.00

27,000.00 27,000.00

31,551.00 31,551.00

18,000.00 18,000.00

1?,850.00 17,500.00

20,164.00 20,164.00

3,645.00 3,645.00

12,001.00 12,001.00

2,835.00 2,835.00

11,001.00 r1,001.00

10,000.00 10,000.00

10,000.00 10,000.00

20,600.00 20,600.00

28,000.00 28,000.00

1,000.00 1,000.00

0.00

4,703.00 4,703.00

6,300.00 6,300.00

5,762.00 5,762.00

300.00 300.00

13,500.00 13,500.00

2,,139.00 2,439.00

4,500.00 4,5oo.oo

40,000.00 40,000.00



Town of Belvidere

2012 Budget Worksheet

(Continued)

2of4

08/15/201 I

Appropriation

2011

2012 Adopted

Proposed Budget 20ll

Budget (Modified) Expended

Police:

s&w 675,000.00 650,000.00

o/E:

Miscellaneous Other Expenses 32,684.00 32,684.00

Police Car 10,000.00 10,000.00

Emergency Management Services;

s&w 4,001.00 4,001.00

o/E 1.00 1.00

Road repairs and Maintenance:

s&w 410,000.00 400,000.00

o/E 90,000.00 80,000.00

Rescue squad:

o/E 30,000.00 30,000.00

Animal Control Fund:

s&w 4,372.00 4,372.00

Parks and Playgrounds:

s&w 0.00

o/E 1.00 1.00

Celebration of Holidays and Anniversaries:

o/E 1,000.00 1,000.00

Environmental Commission:

o/E 320.00 320.00

Recycling:

s&w 3,189.00 3,189.00

Ilistoric Preservation Committee:

s&w 2,401.00 2,401.00

otE 300.00 300.00

Utility Expenses:

Electricity 63,000.00 63,000.00

Telephone 27,000.00 27,000.00

Sewer Rentals L,500.00 1,500.00Bulk Fuel 55,000.00 55,000.00

Fire Hydrant Service 25,000.00 25,000.00

Municipal Court:

s&w 69,000.00 69,000.00

o/E s,000.00 5,000.00

Public Defender:

s&w 2,000.00 2,000.00



Town ofBelvidere

2012 Budeet Worksheet (Continued)

2012

Proposed

Burlget

3 of 4

08/15/201 1

Appropriation

20ttAdoptetl

Budget

(Modified)

20tt

Expended

Insurance:General Liability

Workers Compensation

Employee Group Health

Construction Cotle Offrcial:

s&w

o/E

Landfill Tipping Fees:

o/E

ContingentTotal Operations in CAP

Detail:

s&wo/E

PERS

FICA

PFRS

SUI

Over expentlitures of appropriations

Total appropriations inside CAP

Orrerations outside CAP

Appropriation

100.00 100.00

2,479,372.00 2,424,846.00

1,415,296.00 1,371,120.00

1,064,076.00 1,053,726.00

199,000.00

240,240.00

23,000.00

2,000.00

98,000.00

199,000,00

240,240.04

2 1,000.00

2,000.00

98,000.00

0.00

0.00

0.00

86,699.00

105,000.00

73,666.00

15,000.00

106,760.00

105,000.00

64,900.00

15,000.00

2,'.l59,',73'.7.00 2,716,506.00

Maintenance of Free Public Library

Employee Group Health

PERS

PFRS

PARIS grant

Clean Commurrities Program

Body Armor grant

Municipal Alliance Program:

State Share

Local Share

Recycling Tormage Grant

Stormwater Management grant

92,356.00

1,260.00

92,356.00

7,260.00

1,197.00

3,768.14



Torvn of Belvidere

2012 Budset Worksheet (Continued)

4of4

08/rs/201 1

Appropriation

2012

Proposed

Budget

2011

Adopted

Budget

(Modified)

Reser-ve for Clean Communities

Reserve for Body Armor Replacement Fund

Reser-ve for Highlands Master Plan Grant

Reser-ve for DDEF

Forestra Grant

Reserve for tlody armor replacement fund

Reserve for Recycling tonnage grant

Reser-ve lbr Comcast grant

Reserve for Municipal alliance grant

Reserrye for forestra grant

Reser-ve for Paris grant

Operations Excluded from CAP

Detail:

s&w

olE

Capital:

Capital Improvement FundDOT grant

Subtotal-Capital

Debt Seruice:

Bond Principal

Note Principal

Interest on Bonds

Interest on Notes

Subtotal-Debt Service

Deferred Charges:

Emergency

Special emergency

Deferred Charges

Total Appropriations Outside CAP

Reserve for Uncollected Taxes

Total Appropriations

3,000.00

1,619.59

6,702.43

10,000.00

7011

Expended

'7,025.13

5,000.00

2,628.03

6,993.00

99,616.00 125,903.16 21,646.16

0.00

99,616.00

0

125,903.16

0

21,646.16

25,000.00

25,000.00 0.00 0.00

180,000.00

64,500.00

105,189.00

27,725.00

100,000.00

31,921.00

13,519.00

29,403.00

377,414.00 174,843.00 0.00

8,400.00

5,400.00 5,400.00

13,800.00 5,400.00 0.00

515,830.00

189,286.41

306,146.16

182,068.53

21,646.16

182,068.53

3,464,853.41 3,204,720.69 203,714.69

2012 belvidere budget worksheet

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