2020 User Friendly Budget

This document, identified as the '2020 User Friendly Budget Document' for Penns Grove, provides a detailed overview of the municipality's outstanding debt, per capita debt, and its impact on the budget. It enumerates various debt categories for the current year, including Local School Debt, Regional School Debt, Utility Fund Debt, Bond Anticipation Notes, Bonds, and other loans, presenting specific financial figures for each. The document also outlines key financial metrics such as total principal and interest for outstanding debt, population based on the 2010 census, per capita gross and net debt, and the three-year average property valuation. Notably, it indicates that the municipality does not possess a bond rating from agencies like Moody's, Standard & Poor's, or Fitch, as marked with an 'X'. Overall, the document serves as a transparency tool for the municipality's financial obligations and budgetary context, focusing on historical and current debt figures rather than soliciting bids for new projects or services.