Town of Kearny
New Jersey

Resolution
(R)-2018-273

BUDGET -Introduction of the Calendar Year 2018 Budget

Information

Department:Chief Financial OfficerSponsors:Council Member Carol Jean Doyle
Category:Budget Resolution

Body

              BE IT RESOLVED, that the following statement of revenue and appropriation attached hereto constitute the local budget of the Town of Kearny, County of Hudson, New Jersey for the year 2018.

 

              BE IT FURTHER RESOLVED, that said budget is to be published in the Jersey Journal in the issue of April 30th, 2018 and that a hearing on the Budget will be held at the Town Hall on May 22nd, 2018 at 7:00 PM or as soon thereafter as the matter may be reached.

 

Revenue and Appropriation Summaries – Current Fund

 

Summary of Revenues

2018

2017

1.  Surplus

1,400,000.00

1,400,000.00

2.  Total Miscellaneous Revenues

28,191,797.00

28,437,010.09

3.  Receipts from Delinquent Taxes

1,800,000.00

1,750,000.00

4. a)  Local Tax for Municipal Purposes

42,157,000.00

42,156,991.69

    b)  Addition to Local District School Tax

 

 

    c)  Minimum Library Tax

1,241,654.00

1,189,987.71

Total Amount to be Raised by Taxes Municipal Budget

43,398,654.00

43,346,979.40

Total General Revenues

74,790,451.00

74,933,989.49

 

 

 

Summary of Appropriations

 

 

1.  Operating Expenses:  Salaries & Wages

29,630,500.00

29,682,500.00

                                           Other Expenses

31,386,139.00

30,533,163.81

2.  Deferred Charges & Other Appropriations

6,196,494.00

6,377,036.71

3.  Capital Improvements

315,000.00

500,000.00

4.  Debt Service

4,662,318.00

5,241,288.97

5.  Reserve for Uncollected Taxes

2,600,000.00

2,600,000.00

Total General Appropriations

74,790,451.00

74,933,989.49

 

Revenue and Appropriation Summaries – Water Utility

 

Summary of Revenues

2018

2017

1.  Surplus

 

 

2.  Rents

6,375,000.00

6,000,000.00

3.  Rents - Additional

 

 

4.  Deficit – General Budget

1,100,000.00

1,125,000.00

5.  Other Revenues

26,968.00

330,000.00

Total General Revenues

7,501,968.00

7,455,000.00

 

 

 

Summary of Appropriations

 

 

1.  Operating Expenses:  Salaries & Wages

0.00

0.00

                                           Other Expenses

5,762,928.00

5,724,350.00

2.  Deferred Charges & Other Appropriations

420,000.00

495,000.00

3.  Capital Improvements

0.00

0.00

4.  Debt Service

1,319,040.00

1,235,650.00

Total General Appropriations

7,501,968.00

7,455,000.00

 

Meeting History

Apr 24, 2018 7:00 PM  Council Caucus / Regular Meeting
draft Draft
RESULT:ADOPTED [UNANIMOUS]
MOVER:Carol Jean Doyle, Council Member
SECONDER:Alberto G. Santos, Mayor
AYES:Carol Jean Doyle, Michael Landy, Susan McCurrie, Eileen Eckel, Albino Cardoso, Richard Konopka, Marytrine DeCastro, Peter Santana, Alberto G. Santos

Discussion