EXPLANATORY STATEMENT SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET

Year 2009

• General Appropriation For: (Reference to item and sheet number should be omitted in advertised budget) xxxxxxxxxxxxxxxxxxxx
• Appropriations within "CAPS" xxxxxxxxxxxxxxxxxxxx
• (a)Municipal Purposes {(Item H-1,Sheet 19)(N.J.S. 40A:4-45.2)} 32,710,382.66

2.Appropriations excluded from "CAPS" xxxxxxxxxxxxxxxxxxxx

(a)Municipal Purposes {(Item H-2,Sheet 28)(N.J.S. 40A:4-45.3 as amended)} 5,370,469.77

(b)Local District School Purposes in Municipal Budget(Item K,Sheet 29)

Total General Appropriations excluded from "CAPS" (Item O, Sheet 29) 5,370,469.77

3.Reserve for Uncollected Taxes (Item M, Sheet 29) - Based on Estimated 97.86% Percent of Tax Collections 2,675,000.00

Building Aid Allowance 2009-$ None 40,755,852.43

4.Total General Appropriations (Item 9, Sheet 29) for School State Aid 2008-$ None 16,121,685.01

5.Less:Anticipated Revenue Other Than current Property Tax(Item 5, Sheet 11)(i.e. surplus,Miscellaneous Revenue and Receipts from Delinquent Taxes)

6.Difference:Amount to be Raised by Taxes for Support of Municipal Budget (as follows) xxxxxxxxxxxxxxxxxxxx

(a)Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a),Sheet 11) 24,634,167.42

(b)Addition to Local District School Tax (Item 6(b),Sheet 11)

Sheet 3