Milford -- BUDGET - 2019

COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2019 MUNICIPAL BUDGET

YEAR 2019

YEAR 2018

1. Total General Appropriations for 2019 Municipal Budget Statement Item 8(L) (Exclusive of Reserve for Uncollected Taxes) 80015-

1,377,891.00 $

XXXXXXXX

Actual

80016-

1,930,214.00 $

2. Local District School Tax -

Estimate**

80017-

1,968,000.00 $

XXXXXXXX

3. Regional School District Tax -

Actual

80025-

School Budget

Estimate*

80026-

XXXXXXXX

Actual

80018-

1,165,455.00 $

4. Regional High School Tax -

Estimate*

80019-

1,188,000.00 $

XXXXXXXX

Actual

80020-

$

433,205.76

5. County Tax

Estimate*

80021-

$

441,000.00

XXXXXXXX

Actual

80022-

6. Special District Taxes

Estimate*

80023-

$

-

XXXXXXXX

Actual

80027-

7. Municipal Open Space Taxes

Estimate*

80028-

$

-

XXXXXXXX

8. Total General Appropriations & Other Taxes

80024-01 4,974,891.00 $

9. Less: Total Anticipated Revenues from 2019 in Municipal Budget (Item 5) 10. Cash Required from 2019 Taxes to Support Local Municipal Budget and Other Taxes

80024-02

$

664,935.00

80024-03 4,309,956.00 $

11. Amount of Item 10 Divided by

96.50%

[820074-04]

Equals Amount to be Raised by Taxation (Percentage used most not exceed the applicable percentage shown by item 13, Sheet 22)

80024-05 4,466,276.00 $

Analysis of Item 11: Local District School Tax

* May not be stated in an amount less than

(Amount shown on Line 2 Above)

$

1,968,000.00

'actual' Tax of year 2018

Regional School District Tax

** Must be stated in the amount of the

(Amount shown on Line 3 Above)

$

-

proposed budget submitted by the Local

Regional High School Tax

Board of Education to the Commissioner

(Amount shown on Line 4 Above)

$

1,188,000.00

of education on January 15, 2019 (Chap.

County Tax

136, P. L. 1978). Consideration must be

(Amount shown on Line 5 Above) Special District Taxes (Amount shown on Line 6 Above) Municipal Open Space Tax (Amount shown on Line 7 Above)

$

441,000.00

given to calendar year calculation.

$

-

$

-

Tax in Local Municipal Budget Total Amount (See Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget $ $ Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget"

869,276.00

4,466,276.00

Note:

80024-06

$

156,320.00

The amount of

anticipated rev-

Item 1 - Total General Appropriations

1,377,891.00 $

enues (Item 9) may never exceed

Item 12 - Appropriation: Reserve for Uncollected Taxes

$

156,320.00

the total of Items 1

Sub-total

1,534,211.00 $

and 12.

Less: Item 9 - Total Anticipated Revenues

$

664,935.00

Amount to be Raised by Taxation in Municipal Budget

80024-07

$

869,276.00

Sheet 25

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