Start your 7-day free trial — unlock full access instantly.
← Back to Search
Lead Closed
This opportunity is no longer accepting submissions.
AI-Powered Lead Insights
Executive Summary
The document is the 2018 Municipal Budget for the Borough of Riverton, Burlington County, New Jersey. It includes details on the proposed revenues and appropriations for the year, as approved by the Borough Council on March 20, 2018. The budget was published in the Burlington County Times on April 5, 2018, and a public hearing was held on April 17, 2018, at the Municipal Hall for taxpayers and interested persons to present objections.
Web Content
Automated discovery link found on Riverton website.
Document Text
--- Document: 2018 Introduced Budget Document ---
2018 MUNICIPAL DATA SHEET
(Must accompany 2018 budget)
MUNICIPALITY:
Borough of Riverton
COUNTY: Burlington
Governing Body Members
Suzanne Cairns Wells
2019
Mayor's Name
Term Expires
Name
Term Expires
Armand Bianchini
2019
Municipal Officials
William Corbi
2018
8/10/15
Kirk Fullerton
2019
Michelle Hack
Date of Orig. Appt.
Kenneth Mills
2020
Municipal Clerk
C-1732
James Quinn
2020
Cert No.
Renee Azelby
2018
Dolores Rosso
#8272
Tax Collector
Cert No.
Dawn M. Bass
NO707
Chief Financial Officer
Cert No.
Robert P. Inverso
CR 00436
Registered Municipal Accountant
Lic No.
Tom Coleman
Municipal Attorney
Official Mailing Address of Municipality
Please attach this to your 2018 Budget and Mail to:
Borough of Riverton
505 A Howard Strret
Timothy Cunningham, Director
Riverton, NJ 08077
Division of Local Government Services
Department of Community Affairs
Fax #: 856-829-1413
P.O. Box 803
Trenton NJ 08625
Division Use Only
Sheet A
Municode: __________________
Public Hearing Date: __________
{
2018
MUNICIPAL BUDGET
Municipal Budget of the
Borough
of
Riverton
, County of
Burlington
for the Year 2018
It is hereby certified that the Budget and Capital budget annexed hereto and hereby made a part
hereof is a true copy of the Budget and Capital Budget approved by resolution of the Governing Body on the
Clerk
505 A Howard Street
20th
day of
March
, 2018
Address
and that public advertisement will be made in accordance with the provisions of N.J.S. 40A:4-6 and
Riverton, NJ 08077
N.J.A.C. 5:30-4.4(d).
Address
Certified by me, this
20th
day of
March
, 2018
856-829-0120
Phone Number
It is hereby certified that the approved Budget annexed hereto and hereby made
It is hereby certified that the approved Budget annexed hereto and hereby made
a part is an exact copy of the original on file with the Clerk of the Governing Body, that all
a part is an exact copy of the original on file with the Clerk of the Governing Body, that all
additions are correct, all statements contained herein are in proof and the total of antici-
additions are correct, all statements contained herein are in proof, the total of antici-
pated revenues equals the total of appropriations.
pated revenues equals the total of appropriations and the budget is in full compliance with the
Certified by me, this
20th
day of
March
, 2018
Local Budget Law, N.J.S. 40A:4-1 et seq.
Certified by me, this
20th
day of
March
, 2018
651 Route 73 North, Suite 402
Registered Municipal Accountant
Address
Marlton, New Jersey 08053
856-983-2244
Chief Financial Officer
Address
Phone Number
DO NOT USE THESE SPACES
CERTIFICATION OF ADOPTED BUDGET
(Do Not Advertise This Certification Form)
CERTIFICATION OF APPROVED BUDGET
It is hereby certified that the amount to be raised by taxation for local purposes has been compared with
It is hereby certified that the Approved Budget made part hereof complies with the requirements of law, and
the approved Budget previously certified by me and any changes required as a condition to such approval
approval is given pursuant to N.J.S. 40A:4-79.
have been made. The adopted budget is certified with respect to the foregoing only.
STATE OF NEW JERSEY
STATE OF NEW JERSEY
Department of Community Affairs
Department of Community Affairs
Director of the Division of Local Government Services
Director of the Division of Local Government Services
Dated:
, 2018
By:
Dated:
, 2018
By:
Sheet 1
COMMENTS OR CHANGES REQUIRED AS A CONDITION OF CERTIFICATION OF DIRECTOR OF LOCAL GOVERNMENT SERVICES
The changes or comments which follow must be considered in connection with further action on this budget
Borough
of
Riverton
County of
Burlington
Sheet 1a
MUNICIPAL BUDGET NOTICE
Section 1.
Municipal Budget of the
Borough
of
Riverton
, County of
Burlington
for the Year 2018
Be it Resolved, that the following statements of revenues and appropriations shall constitute the Municipal Budget for the Year 2018;
Be It Further Resolved, that said Budget be published in the
Burlington County Times
In the issue of
April 5
, 2018.
The Governing Body of the
Borough
of
Riverton
does hereby approve the following as the Budget for the Year 2018:
Abstained
RECORDED VOTE
(Insert last name)
Ayes
Nays
Absent
Notice is hereby given that the Budget and Tax Resolution was approved by the
Borough Council
of the
Borough
of
Riverton
, County of
Burlington
, on
March 20
, 2018.
A Hearing on the Budget and Tax Resolution will be held at
the Municipal Hall
on
April 17
, 2018 at
7:00
o'clock (P.M.) at which time and place objections to said Budget and Tax Resolution for the year 2018 may be presented by taxpayers or other
(Cross out one)
interested persons.
Sheet 2
{
{
{
{
EXPLANATORY STATEMENT
SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET
YEAR 2018
General Appropriations For: (Reference to item and sheet number should be omitted in advertised budget)
xxxxxxxxxxxxxx.xx
1. Appropriations within "CAPS"
xxxxxxxxxxxxxx.xx
(a) Municipal Purposes {(Item H-1, Sheet 19)(N.J.S. 40A:4-45.2)}
2,757,444.00
2. Appropriations excluded from "CAPS"
xxxxxxxxxxxxxx.xx
(a) Municipal Purposes {(Item H-2, Sheet 28)(N.J.S. 40A:4-45.3 as amended)}
403,497.40
(b) Local School District Purposes in Municipal Budget (Item K, Sheet 29)
Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)
403,497.40
3. Reserve for Uncollected Taxes (Item M, Sheet 29) - Based on Estimated
98.00% Percent of Tax Collections
175,304.37
Building Aid Allowance 2018 - $
4. Total General Appropriations (Item 9, Sheet 29)
for Schools - State Aid 2017 - $
3,336,245.77
5. Less: Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11)
(i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)
1,271,027.40
6. Difference: Amounts to be Raised by Taxes for Support of Municipal Budget (as follows)
xxxxxxxxxxxxxx.xx
(a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet 11)
2,065,218.37
(b) Addition to Local District School Tax (Item 6(b), Sheet 11)
(c) Minimum Library Tax (Item 6(c), Sheet 11)
Sheet 3
EXPLANATORY STATEMENT - (Continued)
SUMMARY OF 2017 APPROPRIATIONS EXPENDED AND CANCELLED
General Budget
Additional
Explanations of Appropriations for
Utility
Utility
Utility
"Other Expenses"
Budget Appropriations - Adopted Budget
3,230,506.38
Budget Appropriations Added by N.J.S. 40A:4-87
10,143.04
The amounts appropriated under the
title of "Other Expenses" are for operating
Emergency Appropriations
costs other than "Salaries & Wages"
Total Appropriations
3,240,649.42
0.00
0.00
0.00
Some of the items included in "Other
Expenditures:
Expenses" are:
Paid or Charged (Including Reserve for
Uncollected Taxes)
3,023,637.64
Materials, supplies and non-bondable
Reserved
216,942.39
equipment ;
Unexpended Balances Canceled
69.39
Repairs and maintenance of buildings,
Total Expenditures and Unexpended
equipment, roads, etc.
Balances Canceled
3,240,649.42
0.00
0.00
0.00
Overexpenditures *
(0.00)
0.00
0.00
0.00
Contractual services for garbage and
* See Budget appropriation Items so marked to the right of column "Expended 2017 Reserved."
trash removal, fire hydrant service, aid to
volunteer fire companies, etc.;
Printing and advertising, utility
services, Insurance and many other items
essential to the services rendered by municipal
government.
Sheet 3a
EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
APPROPRIATION "CAP''
PROPERTY TAX LEVY "CAP''
The Local Government 'CAP LAW' as amended pursuant to Chapter 89 and 95,
Chapter 62 of Laws of 2007, created several new property tax and local government
Laws of 1990, places certain limits on Municipal expenditures. The method of
budgeting initiatives. N.J.S.A.40A:4-45.44 through 45.47 establishes a formula that limits
calculation of the limits has been established by law.
increases in the local amount to be raised by taxation (tax levy) for each local unit budget.
The calculation upon which this budget has been prepared is as follows:
The calculation upon which this budget has been prepared is as follows:
Total General Appropriations for 2017
3,230,506
$
Prior Year Amount to be Raised by Taxation for Municipal Purposes
2,068,685
$
Less
Less:
Prior YearRecycling Tax
3,230,506
Subtotal
2,068,685
Exceptions:
2% Tax Levy
41,374
Total Other Operations
9,000
$
Adjusted Tax Levy Prior to Exclusions
2,110,059
Total Additional Appropriation
Exclusions [increase (decrease)]:
Total Public and Private Programs
3,195
Allowable Pension Obligations Increase
2,517
$
Total Capital Improvements
17,803
Allowable Capital Improvements Increase
9,334
Total Debt Service
254,952
Allowable Debt Service Increase
33,977
Total Deferred Charges
Total Exclusions
45,828
Transferred to Board of Education
Less Cancelled or Unexpended Exclusions
69
Reserve for Uncollected Taxes
169,373
Adjusted Tax Levy
2,155,818
Total Exceptions
454,323
Additions:
Amount on which 2.5% CAP is applied
2,776,183
CY 2017 New Construction
1,110
2.5% CAP
69,405
Allowable Operating Appropriations
Maximum Allowable Amount to be Raised by Taxation
2,156,928
$
before additional exceptions
2,845,588
Add:
Amount to be Raised by Taxation in Current Year Budget
2,065,218
$
Cola Ordinance
27,762
2017 New Construction
1,110
2016 Bank
57,455
HEALTH CARE COST CALCULATION
2018
2017
2017 Bank
79,814
Total Allowable Operating Appropriations
3,011,729
$
Total Estimated Health Care Cost for the Year
401,019
$
455,735
$
Less - Estimated Employee Contributions
(31,717)
(30,000)
Total Appropriations within "CAPS"
2,757,444
$
Total Health Care Costs in Current Year Budget
369,302
$
425,735
$
NOTE:
Sheet 3b(1)
MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE THE FOLLOWING:
1. HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)
2. 2015 "CAP" LEVY CAP WORKBOOK SUMMARY
3. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM
(e.g. if Police S & W appears in the regular section and also under "Operations Excluded from "CAPS"" section, combine the
figures for purposes of citizen understanding.)
4. INFORMATION OR A SCHEDULE SHOWING THE AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE
AND THE TOTAL COST HEALTH CARE COVERAGE (Refer to LFN 2013-4).
EXPLANATORY STATEMENT
BUDGET MESSAGE - STRUCTURAL BUDGET IMBALANCES
Revenues at Risk
Non-recurring current appropriations
Future Year Appropriation Increases
Structural Imbalance Offsets
Line Item.
Put "X" in cell to the left that
corresponds to the type of imbalance.
Amount
Comment/Explanation
None
Sheet 3B (2)
Explanatory Statement - (continued)
Budget Message
Analysis of Compensated Absence Liability
Legal basis for benefit
(CHECK APPLICABLE ITEMS)
Gross Days of
Approved
Individual
Organization/Individuals Eligible for Benefits
Accumulated
Value of Compensated
Labor
Local
Employment
Absence
Absences
Agreement
Ordinance
Agreements
Police Department
74
$20,074.44
X
Totals
$20,074.44
Total Funds Reserved as of end of 2017
$30,000.00
Total Funds Appropriated in 2018
$0.00
Sheet 3c
CURRENT FUND - ANTICIPATED REVENUES - (Continued)
Anticipated
GENERAL REVENUES
FOCA
Realized in
2018
2017
Cash in 2017
Summary of Revenues
xxxxxxx
xxxxxxxxx.xx
xxxxxxxxx.xx
xxxxxxxxx.xx
1. Surplus Anticipated (Sheet 4, #1)
08-101
185,000.00
150,000.00
150,000.00
2. Surplus Anticipated with Prior Written Consent of Director of Local Government Services (Sheet 4, #2)
08-102
0.00
0.00
0.00
3. Miscellaneous Revenues:
xxxxxxx
xxxxxxxxx.xx
xxxxxxxxx.xx
xxxxxxxxx.xx
Total Section A: Local Revenues
08-001
623,450.00
617,550.00
713,033.16
Total Section B: State Aid Without Offsetting Appropriations
09-001
230,577.00
230,577.00
230,577.00
Total Section C: Dedicated Uniform Construction Code Fees Offset with Appropriations
08-002
25,000.00
25,500.00
33,787.07
Special Items of General Revenue Anticipated with Prior Written Consent of
Total Section D:
Director of Local Government Service-Shared Services Agreements
11-001
0.00
0.00
0.00
Special Items of General Revenue Anticipated with Prior Written Consent of
Total Section E:
Director of Local Government Services - Additional Revenues
08-003
0.00
0.00
0.00
Special Items of General Revenue Anticipated with Prior Written Consent of
Total Section F:
Director of Local Government Services - Public and Private Revenues
10-001
60,420.40
13,337.73
13,337.73
Special Items of General Revenue Anticipated with Prior Written Consent of
Total Section G:
Director of Local Government Services - Other Special Items
08-004
16,580.00
5,000.00
13,793.43
Total Miscellaneous Revenues
13-099
956,027.40
891,964.73
1,004,528.39
4. Receipts from Delinquent Taxes
15-499
130,000.00
130,000.00
154,092.24
5. Subtotal General Revenues (Items 1,2,3 and 4)
13-199
1,271,027.40
1,171,964.73
1,308,620.63
6. Amount to be Raised by Taxes for Support of Municipal Budget:
a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes
07-190
2,065,218.37
2,068,684.69
xxxxxxxxx.xx
b) Addition to Local District School Tax
07-191
xxxxxxxxx.xx
c) Minimum Library Tax
07-192
xxxxxxxxx.xx
Total Amount to be Raised by Taxes for Support of Municipal Budget
07-199
2,065,218.37
2,068,684.69
2,107,227.09
7. Total General Revenues
13-299
3,336,245.77
3,240,649.42
3,415,847.72
Sheet 11
CURRENT FUND - APPROPRIATIONS
8. GENERAL APPROPRIATIONS
Appropriated
Expended 2017
For 2017 By
Total for 2017
FOCA
for 2018
for 2017
Emergency
As Modified By
Paid or
Reserved
Appropriation
All Transfers
Charged
(E) Deferred Charges and Statutory Expenditures-
Municipal within "CAPS" (continued)
xxxxxx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
(2) STATUTORY EXPENDITURES:
xxxxxx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
Public Employees' Retirement System
36-471
60,812.00
57,152.00
57,152.00
57,151.69
0.31
Social Security System (O.A.S.I.)
36-472
52,116.00
50,020.00
50,020.00
46,692.84
3,327.16
Consolidated Police and Firemen's
36-474
Police and Firemen's Retirement System
36-475
66,017.00
67,845.00
67,845.00
67,844.64
0.36
Total Deferred Charges and Statutory
Expenditures - Municipal within "CAPS"
34-209
178,945.00
175,017.00
0.00
175,017.00
171,689.17
3,327.83
(G) Cash Deficit of Preceding Year
46-855
(H-1) Total General Appropriations for Municipal
Purposes within "CAPS"
34-299
2,757,444.00
2,776,183.00
0.00
2,776,183.00
2,559,240.61
216,942.39
Sheet 19
CURRENT FUND - APPROPRIATIONS
8. GENERAL APPROPRIATIONS
Appropriated
Expended 2017
For 2017 By
Total for 2017
Summary of Appropriations
FOCA
for 2018
for 2017
Emergency
As Modified By
Paid or
Reserved
Appropriation
All Transfers
Charged
(H-1) Total General Appropriations for
Municipal Purposes within "CAPS"
34-299
2,757,444.00
2,776,183.00
0.00
2,776,183.00
2,559,240.61
216,942.39
xxxxxxx
(A) Operations - Excluded from "CAPS"
xxxxxxx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
xxxxxxxx.xx
Other Operations
34-300
9,000.00
9,000.00
0.00
9,000.00
9,000.00
0.00
Uniform Construction Code
22-999
0.00
0.00
0.00
0.00
0.00
0.00
Shared Service Agreements
42-999
0.00
0.00
0.00
0.00
0.00
0.00
Additional Appropriations Offset by Revs.
34-303
0.00
0.00
0.00
0.00
0.00
0.00
Public & Private Progs Offset by Revs.
40-999
66,920.40
13,337.73
0.00
13,337.73
13,337.73
0.00
Total Operations - Excluded from "CAPS"
34-305
75,920.40
22,337.73
0.00
22,337.73
22,337.73
0.00
(C)
Capital Improvements
44-999
27,137.00
17,803.00
0.00
17,803.00
17,803.00
0.00
(D)
Municipal Debt Service
45-999
300,440.00
254,952.00
0.00
254,952.00
254,882.61
xxxxxxxx.xx
(E)
Total Deferred Charges (sheet 28)
46-999
0.00
0.00
xxxxxxxx.xx
0.00
0.00
xxxxxxxx.xx
(F)
Judgments
37-480
0.00
0.00
0.00
0.00
0.00
0.00
(G)
Cash Deficit
46-885
0.00
0.00
xxxxxxxx.xx
0.00
0.00
xxxxxxxx.xx
(K)
Local District School Purposes
24-410
0.00
0.00
0.00
0.00
0.00
xxxxxxxx.xx
(N)
Transferred to Board of Education
29-405
0.00
0.00
xxxxxxxx.xx
0.00
0.00
xxxxxxxx.xx
(M)
Reserve for Uncollected Taxes
50-899
175,304.37
169,373.69
xxxxxxxx.xx
169,373.69
169,373.69
xxxxxxxx.xx
Total General Appropriations
34-499
3,336,245.77
3,240,649.42
0.00
3,240,649.42
3,023,637.64
216,942.39
Sheet 30
DEDICATED ASSESSMENT BUDGET [ ] UTILITY
14. DEDICATED REVENUES FROM
Anticipated
Realized in
FCOA
2018
2017
Cash in 2017
Assessment Cash
53-101
Deficit ( Utility Budget)
53-885
Total Utility Assessment Revenues
53-899
0.00
0.00
0.00
Anticipated
Expended 2016
15. APPROPRIATIONS FOR ASSESSMENT DEBT
FCOA
2018
2017
Paid or Charged
Payment of Bond Principal
53-920
Payment of Bond Anticipation Notes
53-925
Total Utility
Assessment Appropriations
53-999
0.00
0.00
0.00
MUNICIPAL AND JOINT FREE PUBLIC LIBRARY MINIMUM TAX LEVY AND ADDITIONAL APPROPRIATION
16. APPROPRIATIONS FOR LIBRARY PURPOSES
Appropriated
2018
2017
Minimum Library Appropriations per R.S. 40:54-8 et seq.
Additional Library Appropriation per Budget Sheet 20
Total Library Appropriation
0.00
0.00
Dedication by Rider - (N.J.S. 40A:4-39) "The dedicated revenues anticipated during the year 2018 from Animal Control, State or Federal Aid for Maintenance of Libraries,
Bequest, Escheat; Construction Code Fees Due Hackensak Meadowlands Development Commission; Outside Employment of Off-Duty Municipal Police
Officers; Unemployment Compensation Insurance; Reimbursement of Sale of Gasoline to State Automobiles; State Training Fees - Uniform Construction Code Act;
Older Americans Act - Program Contributions; Municipal Alliance on Alcoholism and Drug Abuse - Program Income;
Community Development Block Grant Funds; Developers Escrow Fund; Park and Recreation Commission; Recycling Program Funds;
Law Enforcement Funds; Shade Tree Donations; Accumulated Absences; Municipal Public Defender; Parking Offenses Adjudication Act;
Veteran's Affairs & Donation - Veteran's Memorial, Uniform Fire Safety Act, Dog Park Donations, and Animal Control Fund.
are hereby anticipated as revenue and are hereby appropriated for the purposes to which said revenue is dedicated by statute or other legal requirement."
(Insert additional, appropriate titles in space above when applicable, if resolution for rider has been approved by the Director)
Sheet 38
APPENDIX TO BUDGET STATEMENTS
COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND
CURRENT FUND BALANCE SHEET - December 31, 2017
CHANGE IN CURRENT SURPLUS
ASSETS
YEAR 2017
YEAR 2016
Cash and Investments
1110100
3,254,688.05
Surplus Balance, January 1st
2310100
583,651.17
615,159.59
Due from State of N.J. (c. 20, P.L. 1981)
1111000
4,239.04
CURRENT REVENUE ON A CASH BASIS
Current Taxes
Federal and State Grants Receivable
1110200
*(Percentage collected: 2017
98.28%
2016 98.06 %)
2310200
8,285,933.06
7,928,079.59
Receivables with Offsetting Reserves:
xxxxxxx
xxxxxxxxxx.xx
Delinquent Taxes
2310300
154,092.24
113,542.49
Taxes Receivable
1110300
142,831.94
Other Revenues and Additions to Income
2310400
1,122,185.48
1,037,939.68
Tax Title Liens Receivable
1110400
Total Funds
2310500
10,145,861.95
9,694,721.35
Property Acquired by Tax Title Lien
EXPENDITURES AND TAX REQUIREMENTS:
Liquidation
1110500
Municipal Appropriations
2310600
3,071,206.34
3,055,856.45
Other Receivables
1110600
62,017.24
School Taxes (Including Local and Regional)
2310700
5,232,745.00
4,981,583.00
Deferred Charges Required to be in 2018 Budget
1110700
County Taxes (Including Added Tax Amounts)
2310800
1,115,334.66
1,073,630.73
Deferred Charges Required to be in Budgets
Subsequent to 2018
1110800
Special District Taxes
2310900
Total Assets
1110900
3,463,776.27
Other Expenditures and Deductions from Income
2311000
6,410.69
LIABILITIES, RESERVES AND SURPLUS
Total Expenditures and Tax Requirements
2311100
9,425,696.69
9,111,070.18
*Cash Liabilities
2110100
2,538,761.83
Less: Expenditures to be Raised by Future Taxes
2311200
Reserves for Receivables
2110200
204,849.18
Total Adjusted Expenditures and Tax Requirements
2311300
9,425,696.69
9,111,070.18
Surplus
2110300
720,165.26
Surplus Balance - December 31st
2311400
720,165.26
583,651.17
Total Liabilities, Reserves and Surplus
3,463,776.27
* Nearest even percentage may be used
Proposed Use of Current Fund Surplus in 2018 Budget
School Tax Levy Unpaid
2220130
2,616,373.45
Surplus Balance December 31, 2017
2311500
720,165.26
Current Surplus Anticipated in 2018
Less: School Tax Deferred
2220200
848,766.00
Budget
2311600
185,000.00
*Balance Included in Above
"Cash Liabilities"
2220300
1,767,607.45
Surplus Balance Remaining
2311700
535,165.26
(Important: This appendix must be included in advertisement of budget.)
Sheet 39
2018
CAPITAL BUDGET AND CAPITAL IMPROVEMENT PROGRAM
This section is included with the Annual Budget pursuant to N.J.A.C. 5:30-4. It does not in itself confer any authorization to raise or expend
funds. Rather it is a document used as part of the local unit's planning and management program. Specific authorization to expend funds for purposes
described in this section must be granted elsewhere, by a separate bond ordinance, by inclusion of a line item in the Capital Improvement Section of this
budget, by an ordinance taking the money from the Capital Improvement fund, or other lawful means.
CAPITAL BUDGET
- A plan for all capital expenditures for the current fiscal year.
If no Capital Budget is included, check the reason why:
Total capital expenditures this year do not exceed $25,000, including appropriations for Capital Improvement Fund,
Capital Line Items and Down Payments on Improvements.
No bond ordinances are planned this year.
CAPITAL IMPROVEMENT PROGRAM
- A multi-year list of planned capital projects, including the current year.
Check appropriate box for number of years covered, including current year:
X
3 years. (Population under 10,000)
6 years. (Over 10,000 and all county governments)
years. (Exceeding minimum time period)
`
Check if municipality is under 10,000, has not expended more than $25,000 annually for capital purposes in immediately
previous three years, and is not adopting CIP.
Sheet 40
C-1
NARRATIVE FOR CAPITAL IMPROVEMENT PROGRAM
The three year Capital Budget covers the period of time from January 1, 2018 through December 31, 2020. The proposed three year Capital Budget Program reflects
an overall long-range reduction, which is the result of the Borough Council's funding the investment in the Municipal infrastructure over the past ten years.
The projects set forth in this Capital Program have been developed with the assistance of the department heads and will not be subject to commitment or contract until
the proper budget appropriation or necessary appropriating and financing ordinance is adopted. It shall be the sole responsibility of the Borough Council
of the Borough to make the necessary budget appropriations or ordinance.
Sheet 40a
C-2
CAPITAL BUDGET (Current Year Action)
2018
Local Unit:
Borough of Riverton
1
2
3
4
PLANNED FUNDING SERVICES FOR CURRENT YEAR - 2018
6
AMOUNTS
5a
5b
5c
5d
5
TO BE
PROJECT TITLE
PROJECT
ESTIMATED
RESERVED
2018 Budget
Capital Im-
Capital
Grants in Aid
Debt
FUNDED IN
NUMBER
TOTAL
IN PRIOR
Appropriations
provement Fund
Surplus
and Other
Authorized
FUTURE
COST
YEARS
Funds
YEARS
General Capital:
Public Works Equiment
1
20,200.00
1,010.00
19,190.00
Road Program
2
284,705.00
14,235.00
270,470.00
Police Equipment
3
10,392.00
520.00
9,872.00
Sewer Equipment
4
212,450.00
10,622.00
201,828.00
Fire Equipment
5
15,000.00
750.00
14,250.00
TOTALS - ALL PROJECTS
33-199
542,747.00
-
-
27,137.00
-
515,610.00
-
-
Sheet 40b
C-3
3 YEAR CAPITAL PROGRAM - 2018 - 2020
SUMMARY OF ANTICIPATED FUNDING SOURCES AND AMOUNTS
Local Unit:
Borough of Riverton
1
2
BUDGET APPROPRIATIONS
4
5
6
BONDS AND NOTES
3a
3b
Capital
Grants-In-
7a
7b
7c
7d
Project Title
Estimated
Current Year
Future Years
Improve-
Capital
Aid and
General
Self
Assessment
School
Total Cost
2018
ment Fund
Surplus
Other Funds
Liquidating
General Capital:
Public Works Equiment
20,200.00
1,010.00
19,190.00
Road Program
284,705.00
14,235.00
270,470.00
Police Equipment
10,392.00
520.00
9,872.00
Sewer Equipment
212,450.00
10,622.00
201,828.00
Fire Equipment
15,000.00
750.00
14,250.00
TOTALS - ALL PROJECTS
542,747.00
-
-
27,137.00
-
-
515,610.00
-
-
-
Sheet 40d
C-5
SECTION 2 - UPON ADOPTION FOR YEAR 2018
(Only to be Included in the Budget as Finally Adopted)
RESOLUTION
Be it Resolved by the
Mayor and Council
of the
Borough
of
Riverton
, County of
Burlington
that the budget hereinbefore set forth is hereby
adopted and shall constitute an appropriation for the purposes stated of the sums therein set forth as appropriations, and authorization of the amount of:
(a) $
2,065,218.37 (Item 2 below) for municipal purposes, and
(b) $
(Item 3 below) for school purposes in Type I School Districts only (N.J.S. 18A:9-2) to be raised by taxation and,
(c) $
(Item 4 below) to be added to the certificate of amount to be raised by taxation for local school purposes in
Type II School Districts only (N.J.S. 18A:9-3) and certification to the County Board of Taxation of
the following summary of general revenues and appropriations.
(d) $
(Sheet 43) Open Space, Recreation, Farmland and Historic Preservation Trust Fund Levy
(e) $
(Item 5 below) Minimum Library Levy
Abstained
RECORDED VOTE
(Insert last name)
Ayes
Nays
Absent
SUMMARY OF REVENUES
1. General Revenues
Surplus Anticipated
08-100
$
185,000.00
Miscellaneous Revenues Anticipated
13-099
$
956,027.40
Receipts from Delinquent Taxes
15-499
$
130,000.00
2. AMOUNT TO BE RAISED BY TAXATION FOR MUNICIPAL PURPOSES (Item 6(a), Sheet 11)
07-190
$
2,065,218.37
3. AMOUNT TO BE RAISED BY TAXATION FOR SCHOOLS IN TYPE I SCHOOL DISTRICTS ONLY:
Item 6, Sheet 41
07-195
$
Item 6(b), sheet 11 (N.J.S. 40A:4-14)
07-191
$
Total Amount to be Raised by Taxation for Schools in Type I School Districts Only
4. To Be Added TO THE CERTIFICATE FOR AMOUNT TO BE RAISED BY TAXATION FOR SCHOOLS IN TYPE II SCHOOL DISTRICTS ONLY:
Item 6(b), Sheet 11 (N.J.S. 40A:4-14)
07-191
$
5. AMOUNT TO BE RAISED BY TAXATION MINIMUM LIBRARY TAX
07-192
$
Total Revenues
13-299
$
3,336,245.77
Sheet 41
SUMMARY OF APPROPRIATIONS
2018
5. GENERAL APPROPRIATIONS
xxxxxxxx
xxxxxxxxxxxxx.xx
Within "CAPS"
xxxxxxxx
xxxxxxxxxxxxx.xx
(a&b) Operations Including Contingent
34-201
$
2,578,499.00
(e) Deferred Charges and Statutory Expenditures - Municipal
34-209
$
178,945.00
(g) Cash Deficit
46-885
$
Excluded from "CAPS"
xxxxxxxx
xxxxxxxxxxxxx.xx
(a) Operations - Total Operations Excluded from "CAPS"
34-305
$
75,920.40
(c) Capital Improvements
44-999
$
27,137.00
(d) Municipal Debt Service
45-999
$
300,440.00
(e) Deferred Charges - Municipal
46-999
$
0.00
(f) Judgements
37-480
$
(n) Transferred to Board of Education for Use of Local Schools (N.J.S. 40:48-17.1 & 17.3)
29-405
$
(g) Cash Deficit
46-885
$
(k) For Local District School Purposes
29-410
$
(m) Reserve for Uncollected Taxes (Include Other Reserves if Any)
50-899
$
175,304.37
6. SCHOOL APPROPRIATIONS - TYPE I SCHOOL DISTRICTS ONLY (N.J.S. 40A:4-13)
07-195
$
Total Appropriations
34-499
$
3,336,245.77
It is hereby certified that the within budget is a true copy of the budget finally adopted by resolution of the Governing Body on the
17th
day of
April
2018, It is further certified that each item of revenue and appropriation is set forth in the same amount and by the same title as
appeared in the 2018 approved budget and all amendments thereto, if any, which have been previously approved by the Director of Local Government Services.
Certified by me this
17th
day of
April
, 2018
, Municipal Clerk
Signature
Sheet 42
COUNTY/MUNICIPAL OPEN SPACE, RECREATION, FARMLAND AND HISTORIC PRESERVATION TRUST FUND
Anticipated
Appropriated
Expended 2017
DEDICATED REVENUES
Realized in
APPROPRIATIONS
Paid or
FROM TRUST FUND
FCOA
2018
2017
Cash in 2017
FCOA
for 2018
for 2017
Charged
Reserved
Amount To Be Raised
Development of Lands of
By Taxation
54-190
Recreation and Conservation:
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
Salaries & Wages
54-385-1
Interest Income
54-113
Other Expenses
54-385-2
Maintenance of Lands for
Reserve Funds:
Recreation and Conservation:
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
Salaries & Wages
54-375-1
Other Expenses
54-375-2
Historic Preservation:
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
Salaries & Wages
54-176-1
Other Expenses
54-176-2
Total Trust Fund Revenues:
54-299
Acquisition of Lands for
Summary of Program
Recreation and Conservation
54-915-2
Year Referendum Passed/Implemented:
Acquisition of Farmland
54-916-2
Down Payments on Improvements
54-906-2
Rate Assessed:
$
Debt Service:
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
xxxxxx.xx
Payment of Bond Principal
54-920-2
xxxxxx.xx
Total Tax Collected to date
$
Payment of Bond Anticipation
Total Expended to date:
$
Notes and Capital Notes
54-925-2
xxxxxx.xx
Total Acreage Preserved to date
Interest on Bonds
54-930-2
xxxxxx.xx
Interest on Notes
54-935-2
xxxxxx.xx
Recreation land preserved in 2016
Reserve for Future Use
54-950-2
Farmland preserved in 2016
Total Trust Fund Appropriations:
54-499
Sheet 43
(Acres)
(Acres)
(Acres)
(Date)
N/A
N/A
N/A
Annual List of Change Orders Approved
Pursuant to N.J.A.C. 5:30-11
Contracting Unit: Borough of Riverton
Year Ending:
December 31, 2017
The following is a complete list of all change orders which caused the originally awarded contract price to be exceeded by more than 20 percent. For regulatory details
please consult N.J.A.C. 5:30-11.1 et. seq. Please identify each change order by name of the project.
1.
NONE
2.
3.
4.
For each change order listed above, submit with introduced budget a copy of the governing body resolution authorizing the change order and an Affidavit of Publication for
the newspaper notice required by N.J.A.C. 5:30-11.9(d). (Affidavit must include a copy of the newspaper notice.)
If you have not had a change order exceeding the 20 percent threshold for the year indicated above, please check here X and certify below
March 20, 2018
Date
Clerk of the Governing Body
Sheet 44
Protected Document Content
Start your free trial to view the raw municipal bid documents and web text.
Unlock Full AccessDetailed Risk Breakdown
local preference
No Flags Found
performance bond
No Flags Found
liquidated damages
No Flags Found
Quick Actions
Contacts
Michelle Hack
Municipal Clerk
(***) ***-****
UnlockDawn M. Bass
Chief Financial Officer
(***) ***-****
UnlockExplore More
Timeline
First Discovered
Apr 2, 2026
Last Info Update
Apr 2, 2026
Start your 7-day free trial
Get instant notifications and full bid analysis. Existing users will be logged in automatically.
Start Free Trial