BUDGET - 2016

2016 Municipal Budget of the Borough of Milford, County of Hunterdon for the fiscal year 2016 Revenues and Appropriations Summaries Anticipated

Summary of Revenues

2016

2015

1. Surplus

$ $ $ $

155,801.00 327,060.00 110,000.00 787,239.00

$ $ $ $

120,000.00 325,012.18 142,000.00 782,181.00

2. Total Miscellaneous Revenues 3. Receipts from Delinquent Taxes 4. a) Local Tax for Municipal Purposes b) Addition to Local District School Tax c) Minimum Library Tax

$

39,143.00

$

36,637.00

Total Amount to be Raised for Support of Municipal Budget

$ $

826,382.00 1,419,243.00

$ $

818,818.00 1,405,830.18

Total General Revenues

Summary of Appropriations

2016 Budget

Final 2015 Budget

Salaries and Wages Other Expenses

$ $ $ $ $ $ $

178,605.00 794,236.00 157,912.00 156,000.00 132,490.00 1,419,243.00 -

$ $ $ $ $ $ $

176,591.00 801,957.18 162,385.00 86,000.00 178,897.00 1,405,830.18 -

1. Operating Expenses:

2. Deferred Charges & Other Appropriations

3. Capital Improvements

4. Debt Service (Included for School) 5. Reserve for Uncollected Taxes Total General Appropriations Total Number of Employees

5 F/T & 17 P/T

5 F/T & 17 P/T

2016 Dedicated Water Utility Budget

Summary of Revenues

2016

2015

$ $ $

44,351.00 318,000.00 15,000.00

$ $ $

36,944.00 318,000.00 14,000.00

1. Surplus 2. Rents

3. Fire Hydrant

4. Deficit (General Budget) Total Revenue Summary of Appropriations

$

377,351.00

$

368,944.00

2016 Budget

Final 2015 Budget

1. Operating Expenses:

Salaries and Wages Other Expenses

$ $ $ $ $

102,229.00 108,000.00 15,000.00 140,797.00 11,325.00

$ $ $ $ $

90,000.00 108,000.00 160,709.00 10,235.00 -

2. Capital Improvements

3. Debt Service

4. Deferred Charges & Other Appropriations

5. Surplus (General Budget)

Total General Appropriations

$

377,351.00

$

368,944.00

2016 Dedicated Sewer Utility Budget

Summary of Revenues

2016

2015

$ $ $ $ $ $ $ $ $ $ $ $

81,090.50 350,000.00 303,516.50

$ $ $ $ $ $ $ $ $ $ $ $

73,662.00 350,000.94 303,060.00 999,737.06 1,726,460.00 125,940.00 281,000.00 50,000.00 256,120.00 1,013,400.00

1. Surplus 2. Rents

3. Miscellaneous Rents 4. Miscellaneous

500.00

Total Revenue

735,107.00

Summary of Appropriations

2016 Budget

Final 2015 Budget

Salaries and Wages Other Expenses

128,909.00 285,500.00 50,000.00 257,033.00 13,665.00

1. Operating Expenses:

2. Capital Improvements

3. Debt Service

4. Deferred Charges & Other Appropriations

-

-

5. Surplus (General Budget)

735,107.00

1,726,460.00

Total General Appropriations

Balance of Outstanding Debt

Utility - Sewer

General

Water Utility

Interest Principal

N/A

$ $ $

838,538.82 1,529,008.84 2,367,547.66

$ $

2,776,066.89 4,533,500.13 7,309,567.02

Outstanding $ Notice is hereby given that the budget and tax resolution was approved by the Mayor and Council of the Borough of Milford, County of Hunterdon, on March 21, 2016. A hearing on the budget and tax resolution will be held at the Milford Fire Company Building on April 18 ,2016 at 7:00 o'clock p.m. at which time and place objections to the Budget and Tax Resolutions for the year 2016 may be presented by taxpayers or other interested persons. Copies of the budget are available in the Office of the Clerk, Karen Dysart at the Municipal Building Water Street, Milford, New Jersey, (908) 995-4323 during the hours of 9:00 a.m. to 4:30 p.m. - $

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