EXPLANATORY STATEMENT

SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET

YEAR 2018

  • General Appropriations For:(Reference to item and sheet number should be omitted in advertised budget) XXXXXXXXXXXXXX xx
  • Appropriations within "CAPS"- XXXXXXXXXXXXXX xx
  • Municipal Purposes {(item H-1, Sheet 19)(N.J.S. 40A:4-45.2)} 36,838,407.97
  • Appropriations excluded from "CAPS" XXXXXXXXXXXXXX
  • Municipal Purposes (item H-2, Sheet 28)(N.J.S. 40A:4-45.3 as amended)} 4,623,451.54
  • Local District School Purposes in Municipal Budget(item K, Sheet 29)
  • Total General Appropriations excluded from "CAPS"(item O, sheet 29) 4,623,451.54
  • Reserve for Uncollected Taxes (item M, Sheet 29) Based on Estimated 98.30% Percent of Tax Collections 2,711,797.58
  • 4 Total General Appropriations (item 9, Sheet 29) Building Aid Allowance 2018-$0.00 for Schools-State Aid 2016-$0.00 44,173,657.09
  • Less: Anticipated Revenues Other Than Current Property Tax (item 5, Sheet 11) (i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes) 11,819,107.21
  • Difference: Amount to be Raised by Taxes for Support of Municipal Budget (as follows) XXXXXXXXXXXXXX
  • Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (item 6(a), Sheet 11) 32,354,549.88
  • Addition to Local District School Tax (item 6(b), Sheet 11)

Sheet 3