Document Text
--- Document: 2017 Middlesex Borough Budget Document ---
Borough of Middlesex, Middlesex County
COMPUTATION OF APPROPRIATION:
RESERVE FOR UNCOLLECTED TAXES AND
AMOUNT TO BE RAISED BY TAXATION
IN 2017 MUNICIPAL BUDGET
BOROUGH OF MIDDLESEX, MIDDLESEX COUNTY
INCLUDED WITH 2017 MUNICIPAL BUDGET YEAR 2017
YEAR 2016
1. Total General Appropriations for 2017 Municipal Budget Statement
Item 8 (L) (Exclusive of Reserve for Uncollected Taxes)
80015-
18,925,204.00 XXXXXXXXXXX
2. Local District
Actual
80016-
23,565,281.00
School Tax -
Estimate **
3. Regional
Actual
80017- 24,272,239.43 XXXXXXXXXXX
School Tax -
Estimate *
4. Regional High School
Actual
80018-
Tax - School Budget
Estimate *
80019-
XXXXXXXXXXX
5. County
Actual
80020-
5,548,875.36
Tax
Estimate *
80021-
5,715,341.62 XXXXXXXXXXX
6. Special District Taxes
Actual
80022-
Estimate *
80023-
XXXXXXXXXXX
7. Municipal Open Space Taxes Actual
80022-
Estimate *
80023-
XXXXXXXXXXX
8. Total General Appropriations & Other Taxes
9. Less: Total Anticipated Revenues from 2017 in
Municipal Budget (Item 5)
10. Cash Required from 2017 Taxes to Support
Local Municipal Budget and Other Taxes
11. Amount of Item 10 Divided by
Equals Amount to be Raised by Taxation (Percentage
used must not exceed the applicable percentage
shown by Item 13, Sheet 22)
Analysis of Item 11:
Local District School Tax
(Amount Shown on Line 2 Above)
80024-01 48,912,785.05
80024-02 7,093,590.58
80024-03 41,819,194.47
97.95%
[820024-04]
80024-05 42,694,194.47
* May not be stated in an amount less than
"actual" Tax of year 2017.
24,272,239.43
** Must be stated in the amount of the
Vocational School Tax
(Amount Shown on Line 3 Above)
Regional School District Tax
(Amount Shown on Line 4 Above)
Regional High School Tax
(Amount Shown on Line 5 Above)
County Tax
proposed budget submitted by the Local
Board of Education to the Commissioner
of Education on January 15, 2017 (Chap.
136, P.L. 1978). Consideration must be
given to calendar year calculation.
(Amount Shown on Line 6 Above)
5,715,341.62
Special District Tax
(Amount Shown on Line 7 Above)
Municipal Open Space Taxes
(Amount Shown on Line 7 Above)
Tax in Local Municipal Budget
Total Amount (see Line 11)
42,694,194.47
12. Appropriation: Reserve for Uncollected Taxes (Budget
Statement, Item 8 (M) (Item 11, Less Item 10)
80024-06
12,706,613.42
Note:
875,000.00 Computation of "Tax in Local Municipal Budget"
The amount of
Item 1 - Total General Appropriations
18,925,204.00 anticipated rev-
Item 12 - Appropriation: Reserve for Uncollected Taxes
Sub-Total
Less: Item 9 - Total Anticipated Revenues
Amount to be Raised by Taxation in Municipal Budget
80024-07
Sheet 25
875,000.00 enues (Item 9)
19,800,204.00 may never exceed
7,093,590.58 the total of Items 1
12,706,613.42 and 12.