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Executive Summary
This document presents the 2017 municipal budget for the Borough of Riverdale, Morris County, New Jersey. The budget totals $7,344,709 and aims to maintain the same level of services without increasing the municipal tax rate. Key components include salaries and wages, insurance, utilities, and sanitation, as well as allocations for debt service, capital improvements, and various shared service agreements. The budget is supported by a combination of surplus funds, local revenues, state aid, and property taxes, with an emphasis on managing costs and minimizing the impact on residents.
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Document Text
--- Document: Budget & Finance Presentation Document ---
County of Morris
State of New Jersey
2017 Governing Body
•
Mayor Paul Carelli
•
Council President Vincent Pellegrini
Public Works
•
Councilman Stephen Revis
Public Safety
•
Councilman Bradley Clinton
Personnel
•
Councilman Dave Desai
Finance
•
Councilman Matthew Oswald
Utilities
•
Councilman Paul Purcell
Communications
2017 Municipal Officials
AJ Jalloh
Borough Clerk
Steve Schotanus
Kenneth Sesholtz
Public Works Superintendent
Chief Financial Officer
Kevin Smith
Dan Sturm
Chief of Police
Fire Chief
Robert Oostdyk
Paul Darmofalski
Borough Attorney
Borough Engineer
2016 Tax Analysis and Review
DESCRIPTION
AMOUNT
District School Tax
$2,743.27
Local Municipal Tax
$1,910.95
County Tax
$806.84
Municipal Library Tax
$104.75
Municipal Open Space
$28.31
TOTALS
$5,594.12
District
School Tax
49.0%
Municipal
Tax
34.2%
County Tax
14.4%
Library Tax
1.9%
Open Space
0.5%
2016 Tax Bill Breakdown
•
Chapter 44 of P.L. 2010 (2010 CAP) imposes a 2% cap on
local tax levies.
•
The levy cap is in addition to the existing appropriation cap.
•
The cap calculation is subject to various adjustments,
including
but
not
limited
to
the
value
of
increased
assessments and other modifications.
•
The Amount to be Raised by Taxation for 2017
is in
compliance with the 2% Tax Levy CAP.
•
The General Appropriations for 2017 are in compliance with
the 3.5% Appropriation CAP.
2017 Budget Overview
2017 Tax Analysis and Review
2017 Assessment Summary
Type of Property
Properties
Total Assessment
Average
Percent
Vacant Land
65
$18,553,400
$285,437
2.3%
Residential
1666
$478,727,300
$287,351
59.2%
Farm
3
$471,000
$157,000
0.1%
Commercial
134
$272,258,000
$2,031,776
33.7%
Personal Property Telephone
1
$7,245,200
$7,245,200
0.9%
Exempt
46
$31,337,000
$681,239
3.9%
SUB‐TOTAL
1915
$808,591,900
$422,241
100.0%
(Less Exempt)
46
$31,337,000
$681,239
NET VALUATION TAXABLE (2017)
1869
$777,254,900
$415,867
2017 Assessment Result
2016 Net Valuation Taxable = $772,322,000
2017 Net Valuation Taxable = $777,254,900
Ratable Net Change in 2017 = $4,932,900
Percentage Increase in 2017 = 0.64%
MUNICIPAL TAX DOLLARS = $33,297
Average Residential Home Impact = ($12.38)
•
Police and Fire Departments – Public Safety
•
Public Works Department
Maintain roadways, parks, storm water management, leaf
collection and snow removal
•
Board of Health / Animal control services
•
Emergency First Aid
•
Recreational, cultural and senior citizen events and programs
•
Garbage Collection / Recycling Program
•
Open Space acquisition and maintenance
Summary of Municipal Services
•
Negotiated and sign a new 3 year PBA Contract
•
Successfully rebid the Leaf Transfer Facility – 3 year agreement
•
Signed a new shared service agreement for Construction Services
•
Obtained final DEP approval for our Phase I Sewer Expansion
•
Initiated our new Street Improvement infrastructure plan
•
Purchased a new Digital Sign for Borough Hall
•
Signed a new 3 year agreement with the NJJIF for 2017‐2019
•
Continue to provide all Council Meeting on our website
•
Instituted our annual Reassessment program
•
Concluded a 1 year forensic and flow study of our Sewer System
•
Restructured the responsibilities in the Front Office (ongoing)
Notable Accomplishments
Budget
Item
2016
(Final)
2017
(Budget)
Net
Change
Salaries & Wages
$2,835,596
$2,895,867
2.1%
Other Expenses
$4,275,214
$4,448,842
4.1%
Total Budget
$7,110,810
$7,344,709
3.3%
2016 – 2017 Budget Summary
BUDGET CATEGORY
AMOUNT
PERCENT
Salaries
$2,895,867
39.4%
Insurance (including health)
$704,500
9.6%
Utilities and Sanitation
$482,981
6.6%
Education / Library
$315,294
4.3%
Shared Service Agreements
$135,500
1.8%
Deferred Charges / Statutory Expenditures
$756,873
10.3%
Capital Improvement
$50,000
0.7%
Debt Service
$571,785
7.8%
Reserve for Uncollected Taxes
$505,506
6.9%
Other
$926,403
12.6%
TOTAL BUDGET
$7,344,709
100.0%
2017 Budget Appropriations by Category
Category Description
2016
(Adopted)
2017
(Proposed)
Net ($)
Change
Net (%)
Change
Retirement Systems
$464,655
$505,873
$41,218
8.9%
Insurance (including Health)
$697,000
$704,500
$7,500
1.1%
Utilities and Sanitation
$479,843
$482,921
$3,078
0.6%
Education and Library
$319,359
$315,294
($4,065)
(1.3%)
Municipal Debt Service
$565,440
$571,785
$6,345
1.1%
Reserve for Uncollected Tax
$494,289
$505,506
$11,217
2.3%
Salaries and Wages
$2,835,596
$2,895,867
$60,271
2.1%
2017 Budget Cost Drivers
Item Description
2016
(Adopted)
2017
(Proposed)
Increase/
(Decrease)
Surplus Utilization
$525,000
$530,000
0.9%
State Aid – Energy Receipts Tax
$439,515
$439,515
0.0%
Local Revenues
$345,500
$364,000
5.4%
Other Revenues
$115,500
$114,000
(0.9%)
Uniform Construction Code Fees
$50,000
$45,000
(10.0%)
Grants
$35,542
$192,359
441.2%
Delinquent Taxes
$100,000
$125,000
25.0%
Amount to be Raised by Taxes
$5,499,753
$5,534,834
0.5%
Total Budget
$7,110,804
$7,344,709
3.3%
Revenues that support the Municipal Budget
• The proposed increase in the municipal tax levy is
$29,987, which represents a 0.6% increase.
• This equates to $0.00 per year or $0.00 per month
for a home assessed at the average value of
$287,351.
2017 Tax Levy
2017 Proposed Budget:
$ 7,344,709
2017 Tax Levy (0.6% Increase) $ 5,245,939
Surplus Anticipated:
$ 530,000
2016 Municipal Tax Rate:
$ 0.675
Average Home Assessment:
$ 287,351
2017 Municipal Tax Rate:
$ 0.675
2017 Average Municipal Tax Rate Increase
$ 0.00
2017 Tax Summary
Funding Projects – Average Residential
MUNICIPAL BUDGET
•
Salaries / Benefits / Pension / Services / Police / Fire
•
2017 Annual Tax Bill = $1,939.62
CAPITAL PROJECTS
•
Road Improvements / Buildings / Vehicles / Equipment
•
Current Borough Outstanding Debt = $1,913,500 (12‐31‐16)
•
2017 Debt Service Payment = $571,785
•
Annual Payment in Municipal Budget = $211.39 (10.9%)
OPEN SPACE TRUST FUND
•
Purchase and Maintenance of Borough’s Open Space
•
Enables grant opportunities
•
Glenburn / Parks / Playgrounds / Recreation Fields
•
Municipal Open Space Tax (1 point) = $28.74
2016 – 2017 Average Tax Change
BUDGET YEAR
AVERAGE HOME
TAX CATEGORY
2016 Rate
AMOUNT
2017 Rate
AMOUNT
AMOUNT
2017 Rate
AMOUNT
AMOUNT
COUNTY TAX *
0.285
$806.84
0.274
$775.70
($31.14)
0.274
$787.34
($19.50)
LOCAL TAX
0.675
$1,910.95
0.675
$1,910.95
$0.00
0.675
$1,939.62
$28.67
DISTRICT SCHOOL TAX
0.969
$2,743.27
1.005
$2,845.19
$101.92
1.005
$2,887.88
$144.61
MUNICIPAL OPEN SPACE
0.010
$28.31
0.010
$28.31
$0.00
0.010
$28.74
$0.42
MUNICIPAL LIBRARY TAX
0.037
$104.75
0.037
$104.75
$0.00
0.037
$106.32
$1.57
TOTALS
1.976
$5,594.12
2.001
$5,664.89
$70.78
2.001
$5,749.89
$155.78
* Estimated Rate
$283,103
2016
Net
Change
2017
$287,351
2017
$283,103
Net
Change
DESCRIPTION
AMOUNT
District School Tax
$2,887.88
Local Municipal Tax
$1,939.62
County Tax
$787.34
Municipal Library Tax
$106.32
Municipal Open Space
$28.74
TOTALS
$5,749.89
2017 Tax Bill Projected Breakdown
•
Surplus Anticipated
Increased $5,000
•
Fees and Permits Increased $15,000
•
Municipal Court Fees Decreased $12,500
•
Interest and Costs on Taxes Increased $15,000
•
Uniform Construction Code Fees
Decreased $5,000
•
Facility Usage Fees Increased $8,000
2017 Revenue Changes
6 Year ‐ Revenues versus Appropriations
Budget Category
2012
2013
2014
2015
2016
2017P
Surplus Anticipated
$575,000
$572,500
$475,000
$450,000
$525,000
$530,000
Local Revenue
$271,700
$248,100
$261,750
$329,000
$345,500
$364,000
Energy Receipts Tax
$425,759
$434,424
$436,618
$439,515
$439,515
$439,515
CMPTA Aid
$13,756
$5,091
$2,897
$0
$0
$0
Building Department (UCC Fees)
$89,475
$88,500
$36,000
$40,000
$50,000
$45,000
Grants (offset Appropriations)
$14,231
$46,543
$275,080
$214,587
$35,542
$192,359
Other Revenue Sources
$57,500
$42,500
$53,000
$99,180
$115,500
$114,000
Delinquent Taxes
$50,000
$50,000
$75,000
$75,000
$100,000
$125,000
Amount to be Raised by Taxes
$4,821,889
$5,317,183
$5,400,507
$5,368,492
$5,499,753
$5,534,834
Appropriations
$6,319,310
$6,804,841
$7,015,852
$7,015,774
$7,110,809
$7,344,708
•
The Borough’s unaudited fund balance on 12/31/16 = $1,585,436
•
The surplus balance is $379,045 higher than it was on 12/31/15
•
The increase in surplus was aided by:
•
Receipt of miscellaneous revenue not anticipated
•
Rental of municipal owned property
•
Increase in rental rates for Glenburn Estate
•
Unexpended balance of 2015 appropriation reserves
•
Revenues realized exceeded the amounts anticipated
•
Grants receivables not previously collected
2017 Fund Balance ‐ Surplus
6 Year – Fund Balance History
YEAR
AMOUNT
NET CHANGE
2011
$983,675
n/a
2012
$931,045
($52,630)
2013
$1,017,865
$86,820
2014
$1,185,284
$167,419
2015
$1,206,391
$21,107
2016
(Unaudited)
$1,585,436
$379,045
•
This budget provides for the same level of services that are expected
by the citizens of the Borough of Riverdale, with an NO annual municipal
tax rate increase .
•
We have taken steps to minimize future ratable swings by establishing
an annual reassessment program that will be conducted by our Tax
Assessor.
•
The $4.9M ratable increase in the Borough of Riverdale helped provide
the ability to adopt a ZERO tax rate increase for 2017.
In Summary
2017 Municipal Budget
$7,344,708.87
DESCRIPTION
AMOUNT
Police Salaries
$2,056,424.00
Municipal Salaries
$839,443.00
Operating Expenses
$699,525.00
Debt Service
$571,785.00
Pension
$505,872.57
Reserve for Uncolleced Taxes
$505,506.28
Health Insurance
$460,000.00
Library
$288,896.02
Garbage Collection
$285,000.00
Social Security / Unemployment
$235,000.00
Workers Comp / Insurance
$234,500.00
Utilities
$196,000.00
Grants
$192,359.00
Inter‐Local Agreements
$135,500.00
Statutory
$88,898.00
Capital Improvements
$50,000.00
BOROUGH OF RIVERDALE
CURRENT FUND
ANALYSIS OF REVENUES AND EXPENDITURES
2013-2018
2013
2014
2015
2016
2017
2018
AUDITED
AUDITED
AUDITED
ADOPTED/UNAUDITED
PROPOSED/PROJECTED
PROJECTED
REVENUES
SURPLUS
$572,500
$475,000
$450,000
$525,000
$530,000
$530,000
LOCAL REVENUES
$281,436
$345,734
$352,158
$367,989
$367,989
$364,000
STATE AID
$439,515
$439,515
$439,515
$439,515
$439,515
$439,515
UNIFORM CONSTRUCTION
$36,802
$45,495
$54,517
$67,666
$65,000
$45,000
PUBLIC AND PRIVATE
$278,593
$454,702
$227,526
$35,542
$192,359
$0
OTHER SPECIAL ITEMS
$54,011
$83,174
$125,861
$120,025
$115,045
$91,500
DELINQUENT TAX
$62,809
$155,745
$88,641
$285,930
$115,000
$115,000
AMOUNT TO BE RAISED
$5,408,169
0.663
$5,520,335
0.675
$5,417,786
0.673
$5,605,545
0.712
$5,640,626
0.712
$5,788,518
0.740
EXCESS REVENUES
$150,000
MRNA
$280,949
$318,485
$226,811
$249,724
$150,000
$100,000
RESERVES LAPSED
$181,155
$92,862
$169,489
$107,072
$200,000
$200,000
OTHER
$162,081
$28,339
$16,471
$227,372
$0
$7,758,019
$7,959,384
$7,568,775
$8,031,380
$7,815,535
$7,823,533
EXPENDITURES
OPERATING WITHIN CAPS
SALARIES
$2,868,060
$2,675,190
$2,868,060
$2,825,596
$2,885,867
$3,008,294
OTHER EXPENSE
$1,640,065
$1,712,350
$1,599,202
$1,841,800
$1,869,025
$1,899,350
OPERATING EXCLUDED
SALARIES
$15,000
OTHER EXPENSE
$479,192
$985,921
$549,172
$577,901
$615,653
$519,072
CAPITAL
$220,000
$25,000
$227,500
$85,000
$140,000
$50,000
DEBT SERVICE
$631,715
$578,115
$567,105
$565,440
$571,785
$600,000
DEFEERED/STATUTORY
$723,434
$718,678
$729,237
$720,784
$756,873
$773,357
RESERVE FOR UNCOLLECT
$474,426
$485,220
$488,437
$494,289
$505,506
$523,460
OTHER
$61,808
$121,491
$68,955
$16,525
$7,098,699
$7,316,965
$7,097,668
$7,127,335
$7,344,709
$7,373,533
$659,320
$642,419
$471,107
$904,045
$470,826
$450,000
ADJUSTMENTS
$659,320
$642,419
$471,107
$904,045
$470,826
$450,000
SURPLUS 1/1
$931,045
$1,017,865
$1,185,284
$1,206,391
$1,585,436
$1,526,262
$1,590,365
$1,660,284
$1,656,391
$2,110,436
$2,056,262
$1,976,262
SURPLUS ANTICIPATED
$572,500
$475,000
$450,000
$525,000
$530,000
$530,000
SURPLUS 12/31
$1,017,865
$1,185,284
$1,206,391
$1,585,436
$1,526,262
$1,446,262
BOROUGH OF RIVERDALE
ANALYSIS OF BUDGET REVENUES
2017
INCREASE/
INCREASE/
INCREASE/
INCREASE/
<DECREASE>
<DECREASE>
<DECREASE>
PROPOSED <DECREASE>
CATEGORY
2013
2014
PERCENT
2014
2015
PERCENT
2015
2016
PERCENT
2016
2017
PERCENT
SURPLUS
572,500
475,000
(97,500)
475,000
450,000
(25,000)
450,000
525,000
75,000
525,000
530,000
5,000
-17.03%
-5.26%
16.67%
0.95%
LOCAL REVENUE
248,100
261,750
13,650
261,750
329,000
67,250
329,000
345,500
16,500
345,500
364,000
18,500
5.50%
25.69%
5.02%
5.35%
STATE AID
439,515
439,515
0
439,515
439,515
0
439,515
439,515
0
439,515
439,515
0
0.00%
0.00%
0.00%
0.00%
UNIFORM CONSTRUCTION CODE
88,500
36,000
(52,500)
36,000
40,000
4,000
40,000
50,000
10,000
50,000
45,000
(5,000)
-59.32%
11.11%
25.00%
-10.00%
SHARED SERVICE AGREEMENTS
0
0
0
0
0
0
0
0
0
0
0
0
0.00%
0.00%
0.00%
0.00%
PUBLIC AND PRIVATE (GRANTS)
46,543
275,080
228,537
275,080
214,587
(60,493)
214,587
26,370
(188,217)
26,370
192,359
165,989
491.02%
-21.99%
-87.71%
629.46%
OTHER SPECIAL ITEMS
42,500
53,000
10,500
53,000
99,180
46,180
99,180
115,500
16,320
115,500
114,000
(1,500)
24.71%
87.13%
16.45%
-1.30%
DELINQUENT TAXES
50,000
75,000
25,000
75,000
75,000
0
75,000
100,000
25,000
100,000
125,000
25,000
50.00%
0.00%
33.33%
25.00%
AMOUNT TO BE RAISED
5,317,183
5,400,507
83,324
5,400,507
5,368,492
(32,015)
5,368,492
5,499,753
131,261
5,499,753
5,534,835
35,082
1.57%
-0.59%
2.45%
0.64%
6,804,841
7,015,852
7,015,852
7,015,774
7,015,774
7,101,638
7,101,638
7,344,709
Questions / Comments
County of Morris
State of New Jersey
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AJ Jalloh
Borough Clerk
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Timeline
First Discovered
Apr 5, 2026
Last Info Update
Apr 5, 2026
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