OFFICIALS - Runnemede NJ – Runnemede...
Transcript of OFFICIALS - Runnemede NJ – Runnemede...
NICKOLAOS KAPPATOS, MAYOR ELEANOR M. KELLYPATRICIA TARTAGLIA PASSIO CRAIG LAUBENSTEINROBERT FARRELL JOHN RANIERI
MICHAEL J. ROOT
ROBERT LAW ACTING CFOJOYCE PINTO MUNICIPAL CLERKMICHAEL D. CESARO AUDITORLEONARD J. WOOD ATTORNEY
OFFICIALS
GOVERNING BODY MEMBERS
Breakdown of 2017 Tax RateRunnemede Borough
Summary Levy Cap CalculationRunnemede Borough
MUNICIPALITY COUNTY EXAMINER0430 Runnemede Borough Camden
Model Tax Levy Calculation Worksheet
Levy Cap CalculationPrior Year Amount to be Raised by Taxation for Municipal Purposes $4,947,862
Cap Base Adjustment (+/-) $0Less: Prior Year Deferred Charges to Future Taxation Unfunded $0Less: Prior Year Deferred Charges: Emergencies $0Less: Prior Year Recycling Tax $9,000Less: Changes in Service Provider: Transfer of Service/ Function $0
Net Prior Year Tax Levy for Municipal Purpose Tax for Cap Calculation $4,938,862Plus: 2% Cap increase $98,777
Adjusted Tax Levy $5,037,639Plus: Assumption of Service/ Function $0
Adjusted Tax Levy Prior to Exclusions $5,037,639Exclusions:
Allowable Shared Service Agreements Increase $0Allowable Health Insurance Cost Increase $0Allowable Pension Obligations Increase $4,654Allowable LOSAP Increase $0Allowable Capital Improvements Increase $0Allowable Debt Service, Capital Leases and Debt Service Share of Cost Increases $0Recycling Tax Appropriation $9,000Deferred Charges to Future Taxation Unfunded $0Current Year Deferred Charges: Emergencies $0
Add Total Exclusions $13,654Less Cancelled or Unexpended Exclusions $0
Adjusted Tax Levy After Exclusions $5,051,293Additions:
New Ratables - Increase in Valuations (New Construction and Additions) $384,100Prior Year's Local Municipal Purpose Tax Rate (per $100) $1.012New Ratable Adjustment to Levy $3,887Prior Year Cap Bank Utilized in CY 2017 $0Amounts approved by Referendum $0
Maximum Allowable Amount to be Raised by Taxation $5,055,180Amount to be Raised by Taxation for Municipal Purposes $5,049,457
$5,723
Summary Levy Cap Calculation
Amount to be Raised by Taxation for Municipal Purposes Under/Over Cap (+/-)
2017 Budget – Summary Levy Cap Calculation2016 Amount 2017 Amount Change
NET VALUATION TAXABLE 504,921,584$ 504,103,965$ (817,619)$
VALUE OF ONE PENNY 50,492 50,410 (82)
AMOUNT TO BE RAISED BY TAXES LOCAL 4,947,862$ 5,049,457$ 101,596$
LIBRARY 167,890 168,475 585
TOTAL 5,115,752$ 5,217,932$ 102,181$
MAXIMUM TAX LEVY PER STATE 5,357,230$ 5,055,180$ (302,050)$
UNDER CAP - AVAILABLE FOR BANKING 409,368 5,723
PY CAP BANK UTILIZED -$ -$ -$
TAX RATE 2016 RATE 2017 RATE CHANGE
LOCAL TAX RATE 0.980$ 1.002$ 0.022$
OPEN SPACE TAX RATE 0.033$ 0.033$ -
2017 Budget –Summary Appropriation Cap Calculation
2016 Amount 2017 Amount
Prior Year CAP Base Appropriations 6,020,720$ 6,073,960$ 2014 CAP Bank 170,623$ 2015 CAP Bank 116,170 116,170$ 2016 CAP Bank 210,725
286,793 326,895 Added Assessments 1,087 3,887 0.0% CAP (2016 Budget) - 0.5% CAP (2017 Budget) 30,370 3.5% CAP per COLA Ordinance 210,725 3.0% CAP per COLA Ordinance 182,219
210,725 212,589
6,519,325$ 6,617,331$
Total Available - Appropriation 6,519,325$ 6,617,331$ Total Appropriated 6,073,960 6,567,647
UNDER CAP 445,365$ 49,684$
Analysis of
2017 Budget
Amount Percent2017 Budget Revenues
Fund Balance Anticipated as Revenue $759,085 9.2 Miscellaneous Local Revenues 350,819 4.3 State Aid Revenues 887,179 10.8 Shared Service Agreements 189,211 2.3 Other Special Items of Revenue 560,774 6.8 Receipts from Delinquent Taxes 275,000 3.3 Amount to be Raised By Taxation 5,217,932 63.3
Total Revenues $8,240,000 100.0
Analysis of 2017 BudgetComparison of Budget Revenues
2017 2016 Increase/ PercentRevenues Amount Amount (Decrease) Change
Fund Balance Anticipated as Revenue $759,085 $574,085 $185,000 32.23% Miscellaneous Local Revenues 350,819 360,109 (9,290) -2.58% State Aid Revenues 887,179 887,179 - 0.00% Shared Service Agreements 189,211 189,211 - 0.00% Other Special Items of Revenue 560,774 522,404 38,370 7.34% Receipts from Delinquent Taxes 275,000 435,000 (160,000) -36.78% Amount to be Raised By Taxation 5,217,932 5,115,752 102,181 2.00%
Total Revenues $8,240,000 $8,083,740 $156,260 1.93%
Analysis Of
2017 Budget
Appropriations
Amount Percent2017 Budget Appropriations
General Operations $6,207,560 75.3 Deferred Charges and Statutory Expenditures 885,547 10.7 Capital Improvements 25,000 0.3 Debt Service-Municipal 646,939 7.9 Reserve for Uncollected Taxes 474,954 5.8
Total Appropriations $8,240,000 100.00
Breakdown of 2017 Tax RateRunnemede Borough
2017 BudgetRunnemede Borough