2014

The Borough of Riverton's 2014 Municipal Budget outlines the municipality's financial plan for the year. It details anticipated revenues, including surplus, state aid, local revenues, and receipts from delinquent taxes, alongside proposed appropriations across various functions like general government, public safety, public works, and debt service. The budget adheres to the Local Government 'CAP LAW,' managing municipal expenditures within established limits and calculating the allowable amount to be raised by taxation. The budget was approved on April 2, 2014, and a hearing was scheduled for May 14, 2014. A key component of the budget is the Capital Budget and Capital Improvement Program, a multi-year plan for capital expenditures covering 2014-2016. This program outlines planned projects, including Police Department vehicles and roof remodeling, road improvements, park improvements, public works equipment, and a fire truck. Funding sources include budget appropriations, capital improvement funds, surplus, grants, and debt authorization. The total estimated cost for these projects is $1,222,320. The document also includes details about debt service, employee benefits, and dedicated assessment budgets for utilities. It contains a comparative statement of current fund operations, assets, liabilities, and surplus, ensuring transparency and accountability in financial management.