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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.
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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
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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
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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
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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
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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
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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