2017 BUDGET ADOPTION May 9, 2017 Budget Summary g y 2017 Budget - - PowerPoint PPT Presentation

2017

BUDGET ADOPTION

May 9, 2017

Budget Summary g y

Budget Category 2017 Budget Appropriations 2016 Budget Appropriations

% +/- $ +/-

Appropriations Appropriations

S&W (Less Library & Grants) $ 10,703,532 $ 10,731,774

• 0.26%

$ (28,242) OE (Less Library & Grants) $ 13 092 666 $ 12 829 716 2 05% $ 262 950 OE (Less Library & Grants) $ 13,092,666 $ 12,829,716 2.05% $ 262,950 Library $ 2,382,202 $ 2,367,776 0.61% $ 14,426 CAP Adjustment Provision $ 4 000 000 $ 4 000 000 0 00% $ CAP Adjustment Provision $ 4,000,000 $ 4,000,000 0.00% $

• Operations

$ 30,178,400 $ 29,929,266 0.83% $ 249,134 P bli & P i t G t $ 127 215 $ 475 891 73 27% $ (348 676) Public & Private Grants $ 127,215 $ 475,891

• 73.27%

$ (348,676) Capital $ 3,752,400 $ 3,125,850 20.04% $ 626,550 RFUT $ 4,038,161 $ 3,964,509. 1.86% $ 73,652 Total $ 38,096,177 $ 37,495,517 1.60% $ 600,660

Appropriations

Capital Improvements Reserve for Uncollected Taxes Public Safety 9 71% 9.85% 10.60% 15.43% Pensions & Social Security Insurance General Government Public Works 6.97% 7.09% 7.75% 9.71% Code Enforcement Interlocal Service Agreements Parks and Recreation Library Expenses 1.89% 2.37% 5.03% 6.25% l Land Use Administration Health & Human Service Functions Utility Expenses Code Enforcement 0 95% 0.99% 1.19% 1.71% 1.89% L.O.S.A.P Landfill/Solid Waste Disposal Other Operating Functions Municipal Court 0.23% 0.46% 0.70% 0.95% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% State and Federal Grants Private Contributions 0.12% 0.22%

Revenue

Anticipated % Anticipated 2017 2017 vs 2016 2016 2017 2017 vs. 2016 2016

Surplus Anticipated $ 12,500,000 6.16% $ 11,775,000 Total Miscellaneous Revenues $ 5,658,018 ‐7.73% $ 6,132,257 R i t f D li t T $ 305 000 0 00% $ 305 000 Receipts from Delinquent Taxes $ 305,000 0.00% $ 305,000 Amount to be Raised by Taxation $ 17,250,957 1.98% $ 16,915,483 Amount to be Raised by Taxation ‐ Library Tax Levy $ 2,382,202 .61% $ 2,367,776 Total General Revenues $ 38,096,177 1.60% $ 37,495,517

Revenue

Special Items (Uniform Dedicated Uniform Interlocal Municipal Service Agreements, 1 91% Fire, Hotel Tax, Rentals, Solar Landfill, Sale of Municipal Assets), 1.51% Construction Code Fees, 1.43% Receipts from Delinquent Taxes, 0.80% Local Revenues (Fees, Energy Tax Receipts, 4.72% 1.91% Public & Private Grants, 0.33% Amount to be Raised

• cal Revenues (Fees,

Permits, Licenses, Interest), 4.95% Amount to be Raised by Taxation, 45.28% Amount to be Raised‐ Library Tax Levy, 6.25% Surplus Anticipated, 32.81%

Municipal Debt Municipal Debt

SOMERSET COUNTY: Total 3 Year Equalized Valuation $58,427,940,173.33 Total Population 333,718 Total Debt $ 301 038 138 31 Total Debt $ 301,038,138.31 BERNARDS TOWNSHIP: 3 Year Equalized Valuation $ 7,058,625,269.00 Total Population 27,074 Township Debt $ 2,537,502.85 COMPARISON: Bernards % of SC 3 Yr Equalized Valuation 12.08% Bernards % of SC Total Population 8 11% Bernards % of SC Total Population 8.11% Bernards % of SC Debt 0.84%

Municipal Debt Municipal Debt

3,691.98

Somerset County Debt Per Capita

Watchung Borough 1,929.88 1,978.36 1,999.25 2,061.13 , Watchung Borough Somerville Borough Bound Brook Borough Bernardsville Borough Peapack‐Gladstone 793 78 1,008.33 1,046.06 1,223.60 1,505.46 Bridgewater Township Montgomery Township Warren Township South Bound Brook North Plainfield Borough 564.58 634.76 688.47 747.51 793.78 North Plainfield Borough Branchburg Township Manville Borough Raritan Borough Bedminster Township 94 25 294.03 373.16 465.59 544.93 Rocky Hill Borough Franklin Township Hillsborough Township Far Hills Borough Green Brook Township ‐ 93.72 94.25 ‐ 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 Green Brook Township Bernards Township Millstone Borough

12/1/17 DEBT FREE! 12/1/17 DEBT FREE! Looking Ahead to 2018: Looking Ahead to 2018: The Sunset of the Open Space Tax p p will enable us to increase our C it l i ti t t Capital appropriation to meet our Infrastructure needs Infrastructure needs

• The last time the Township bonded for

h i 1991 non‐open space purchases was in 1991

INFRASTRUCTURE

ENGINEERING $2,695,000

R d R i P j t

• Road Repaving Projects

Annin Rd Debra Ln Meeker Rd Canterbury Way Gerard Ave Parkwood Ln Douglas Road Gold Blvd Pin Oak Ct Atlas Rd Hunters Ln Wharton Way Compton Ct Lenape Ct

• Pedestrian Bridges
• Stonehouse
• L ons Road
• Lyons Road
• Storm Sewer Improvements
• Pleasant Valley Park Culvert

INFRASTRUCTURE

STREETS & ROADS $310,000

R d P ki & Sid lk R i

• Roads, Parking & Sidewalk Repair
• Repair & Replace Drainage and Guard Rails
• Small Equipment

BUILDINGS $172,000

• Town Hall HVAC
• General Facility Maintenance

PARKS & RECREATION $92,000

• Park Facilities
• Playground Equipment

EQUIPMENT Q

FLEET $395,000

Si l A l ith CIRUS C t l

• Single Axle with CIRUS Controls
• Roadside Arm Mower
• Asphalt Patching Hot Box

GROUNDS $90,000

• ASV Track Machine
• T

G d t M

• Toro Groundmaster Mower
• Portable Field Irrigation
• Small Equipment

INFORMATION TECHNOLOGY $33,400

• Miscellaneous Hardware
• Mobile Data Terminals for Police
• Mobile Data Terminals for Police

EMERGENCY SERVICES

EMERGENCY EQUIPMENT $165,000

• Basking Ridge First Aid
• Basking Ridge Fire Company
• Basking Ridge Fire Company
• Liberty Corner Fire Company

2018 Vehicle Purchases: Ambulance for BRFAS $200,000 Rescue Truck for LCFC $575,000 ($100k already reserved)

Surplus

2016 % 2015 % 2014 % 2013 2016 Operations % Chg 2015 Operations % Chg 2014 Operations % Chg 2013 Operations Surplus Balance December 31 PY

$14,390,050.47 -2.0% $14,684,401.08 0.3% $14,642,607.86 6.5% $13,747,581.76

December 31, PY Results of Operations

12,675,103.33 7.36% 11,805,649.39 1.0% 11,691,793.22

• 3.4%

12,105,026.10

Utilized in Budget

(11,775,000.00)

• 2.7% (12,100,000.00)

3.9% (11,650,000.00) 3.9% (11,210,000.00)

Surplus Regenerated

900,103.33 (294,350.61) 41,793.22 895,026.10

Surplus Balance

15 290 153 80 6 26% 14 390 050 47 2 0% 14 684 401 08 0 3% 14 642 607 86

p For Current Year

15,290,153.80 6.26% 14,390,050.47 -2.0% 14,684,401.08 0.3% 14,642,607.86

Proposed Use of Surplus

12,500,000.00 6.16% 11,775,000.00 -2.7% 12,100,000.00 3.86% 11,650,000.00

Surplus Fund Balance Reserved

$ 6,790,153.80 2.65% $ 6,615,050.47 0.47% $ 6,584,401.08 -5.84% $ 6,992,607.86

2017 Estimated Tax Rate

Tax Rates 2017 2016 Estimated Actual School Rate Unofficial (Est.) $ 1.300 $ 1.270 ( ) $ $ County Rate Unofficial (Est.) $ 0.335 $ 0.328 County Open Space Rate $ 0 031 $ 0 031 County Open Space Rate $ 0.031 $ 0.031 Municipal Open Space Rate $ 0.040 $ 0.040 Township $ 0.254 $ 0.248 Municipal Library Tax Levy Law $ 0.035 $ 0.034 $ 1.995 $ 1.951

Breakdown of the Tax Rate

Open Space, 3 6% Municipal Library, 1.8% Municipal Library, 1.4% Open Space, 1.0% Township, 3.6% County, 16.8% . % S h l County, 16 8% 12.7% School, 52 4% Township, 16.8% School, 65.1% 16.8% 52.4% p 28.4%

Bernards Tax Levy by Category Statewide Tax Levy by Category

Self Funding Golf Utility Self‐Funding Golf Utility

Appropriated Appropriated % Appropriated Appropriated % 2017 2016 2017 vs. 2016 Total Revenue $ 515,486.00 $ 541,995.00 ‐4.89% Salaries and Wages $ 148,352.09 $ 149,393.80 ‐0.70% Other Expenses $ 367 133 91 $ 392 601 20 6 49% Other Expenses $ 367,133.91 $ 392,601.20 ‐6.49% Total Appropriations $ 515,486.00 $ 541,995.00 ‐4.89%

! THANK YOU!

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