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2020 User Friendly Adopted Budget

BID #: N/A

DUE: 12/31/2019

VALUE: $9,062,044.90

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Executive Summary

This document is the 2020 User Friendly Budget for the Municipality of Riverton, NJ. It details the municipality's financial information, including property tax levies, anticipated revenues, appropriations, outstanding debt, and shared service agreements. The budget outlines the allocation of resources for various municipal services and provides a breakdown of property tax assessments, exemptions, and long-term tax exemptions.

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Document Text

--- Document: 2020 User Friendly Adopted Budget Document ---
Year:
2020 Municipal User Friendly Budget
MUNICIPALITY:
2
Municode: 0331
Filename: 0331_fba_2020.xlsm 
Website:
Phone Number:
856-829-0120
Mailing Address:
Municipality: Riverton
State:
NJ
Zip:
08077
Mayor
First Name
Middle Name
Last Name
Term Expires
Business Email
Suzanne
Cairns Wells
12/31/2019
Chief Administrative Officer
Chief Financial Officer
Dawn
Bass
Municipal Clerk
Michelle
Hack
Registered Municipal Accountant
Robert 
P.
Inverso
Governing Body Members
First Name
Middle Name
Last Name
Term Expires
Business Email
William
Corbi
12/31/2021
Hank
DeGeorge
12/31/2021
Kirk 
Fullerton
12/31/2022
Laura
Major
12/31/2022
Kenneth
Mills
12/31/2020
James
Quinn
12/31/2020
Local Government Services
State of New Jersey
mhack@riverton-nj.com
jquinn@riverton-nj.com
kmills@riverton-nj.com
lmajor@riverton-nj.com
kfullerton@riverton-nj.com
hdegeorge@riverton-nj.com
wcorb@riverton-nj.com
dbass@riverton=nj.com
rinverso@inversocpa.com
128
www.riverton-nj.com
505 A Howard Street
scairswells@riverton-nj.com
Email the UFB if not using Outlook


Calendar Year
Calendar Year
% of
Avg Residential
Taxes
Actual/Estimated
Tax Levy
Tax Rate
Tax Levy
Total Levy
Taxpayer Impact
Municipal Purpose Tax
0.854
$2,064,460.94
23.79%
$2,108.00
Municipal Purpose Tax
ACTUAL
$2,062,044.90
Municipal Library
0.00%
$0.00
Municipal Library
Municipal Open Space
0.00%
$0.00
Municipal Open Space
Fire Districts (avg. rate/total levies)
0.00%
$0.00
Fire Districts (total levies)
Other Special Districts (total levies)
0.00%
$0.00
Other Special Districts (total levies)
Local School District
2.275
$5,500,888.00
63.40%
$5,615.56
Local School District
ESTIMATED
$5,700,000.00
Regional School District
0.00%
$0.00
Regional School District
County Purposes
0.389
$939,712.78
10.83%
$960.20
County Purposes
ESTIMATED
$1,100,000.00
County Library
0.037
$87,819.18
1.01%
$91.33
County Library
ESTIMATED
$103,000.00
County Board of Health
0.00%
$0.00
County Board of Health
County Open Space
0.035
$83,747.45
0.97%
$86.39
County Open Space
ESTIMATED
$97,000.00
Other County Levies (total)
0.00%
$0.00
Other County Levies (total)
Total (Calendar Year 2019 Budget)
3.590
$8,676,628.35
100.00%
$8,861.48
Total ESTIMATED amount to be raised by taxes
$9,062,044.90
Total Taxable Valuation as of
October 1, 2019 
$241,706,486.00
Revenue Anticipated, Excluding Tax Levy
1,289,177.27
(To be used to calculate the current year tax rate)
Budget Appropriations, before Reserve for Uncollected Taxes
3,169,981.27
Current Year Average Residential Assessment
$246,838.00
Total Non-Municipal Tax Levy
$7,000,000.00
Amount to be Raised by Taxes - Before RUT
$8,880,804.00
                     Prior Year to Current Year Comparison
Reserve for Uncollected Taxes (RUT)
$181,240.90
Total Amount to be Raised by Taxes
$9,062,044.90
Comparison - Municipal Purposes Tax Rate
Prior Year
Current Year
% Change (+/-)
% of Tax Collections used to Calculate RUT
98.00%
0.854
0.854
0.00%
If % used exceeds the actual collection % then
                
Comparison - Municipal Purposes Tax Levy
reference the statutory exception used
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
$2,064,460.94
$2,062,044.90
-0.12%
($2,416.04)
Tax Collections - ACTUAL as of Prior Year
Total Tax Revenue, Collections CY 2019
8,537,679.08
                                                                 Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only)Total Tax Levy, CY 2019
8,690,155.17
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
% of Taxes Collected, CY 2019
98.25%
$2,108.00
$2,108.00
0.00%
$0.00
Delinquent Taxes - December 31, 2019
$147,902.43
Sheet UFB-1
USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN
Current Year 2020 Budget
2019 Calendar Year Property Tax Levies - ALL entities levying property taxes


USER FRIENDLY BUDGET SECTION - ANTICIPATED REVENUE SUMMARY (ALL OPERATING FUNDS)
General
Open Space
FCOA
Budget
Budget
Utility
Utility
Utility
Utility
Utility
Utility
08
Surplus
12.50%
$25,000.00
$200,000.00
$225,000.00
$225,000.00
08
Local Revenue
-9.10%
($64,098.65)
$704,542.65
$640,444.00
$640,444.00
09
State Aid (without offsetting appropriation)
0.00%
$0.00
$230,577.00
$230,577.00
$230,577.00
08
Uniform Construction Code Fees
-8.52%
($2,794.69)
$32,794.69
$30,000.00
$30,000.00
Special Revenue Items w/ Prior Written Consent
11
Shared Services Agreements
#DIV/0!
$0.00
$0.00
08
Additional Revenue Offset by Appropriations
#DIV/0!
$0.00
$0.00
10
Public and Private Revenue
-53.18%
($8,127.22)
$15,283.49
$7,156.27
$7,156.27
08
Other Special Items
106.37%
$12,885.77
$12,114.23
$25,000.00
$25,000.00
15
Receipts from Delinquent Taxes
3.78%
$4,777.30
$126,222.70
$131,000.00
$131,000.00
Amount to be raised by taxation
07
Local Tax for Municipal Purposes
-1.86%
($39,100.44)
$2,101,145.34
$2,062,044.90
$2,062,044.90
07
Minimum Library Tax
#DIV/0!
$0.00
$0.00
54
Open Space Levy Tax
#DIV/0!
$0.00
$0.00
07
Addition to Local District School Tax
#DIV/0!
$0.00
$0.00
08
Deficit General Budget
#DIV/0!
$0.00
$0.00
Total
-2.09%
($71,457.93)
$3,422,680.10
$3,351,222.17
$3,351,222.17
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Sheet UFB-2
% Difference 
Current vs. 
Prior Year    
$ Difference 
Current vs. Prior 
Year             
Total Realized 
Revenue (Prior 
Year)
Total Anticipated 
Revenue (Current 
Year)


General
Public&Private
Open Space
FCOA
Full-Time Part-Time
Budget
Offsets
Budget
Utility
Utility
Utility
Utility
Utility
Utility
20
General Government
2.00
4.00
3.74%
$10,013.00
$267,737.00
$277,750.00
$277,750.00
21
Land-Use Administration
1.00
-60.18%
($34,707.00)
$57,674.00
$22,967.00
$22,967.00
22
Uniform Construction Code
5.00
3.81%
$1,311.00
$34,414.00
$35,725.00
$35,725.00
23
Insurance
8.72%
$40,547.00
$464,946.00
$505,493.00
$505,493.00
25
Public Safety
6.00
6.00
1.96%
$12,179.46
$620,821.50
$633,000.96
$629,504.00
$3,496.96
26
Public Works
5.00
0.66%
$3,398.32
$513,683.99
$517,082.31
$513,423.00
$3,659.31
27
Health and Human Services
2.00
7.51%
$719.00
$9,571.00
$10,290.00
$10,290.00
28
Parks and Recreation
9.39%
$1,700.00
$18,100.00
$19,800.00
$19,800.00
29
Education (including Library)
0.00%
$0.00
$9,000.00
$9,000.00
$9,000.00
30
Unclassified
#DIV/0!
$0.00
$0.00
31
Utilities and Bulk Purchases
-1.14%
($2,450.00)
$214,250.00
$211,800.00
$211,800.00
32
Landfill / Solid Waste Disposal 
9.58%
$30,978.00
$323,297.00
$354,275.00
$354,275.00
35
Contingency
#DIV/0!
$0.00
$0.00
36
Statutory Expenditures
2.28%
$5,184.00
$227,564.00
$232,748.00
$232,748.00
37
Judgements
#DIV/0!
$0.00
$0.00
42
Shared Services
#DIV/0!
$0.00
$0.00
43
Court and Public Defender
4.44%
$4,000.00
$90,000.00
$94,000.00
$94,000.00
44
Capital
-100.00%
($59,475.00)
$59,475.00
$0.00
45
Debt
-0.46%
($1,023.00)
$222,073.00
$221,050.00
$221,050.00
46
Deferred Charges
#DIV/0!
$25,000.00
$25,000.00
$25,000.00
48
Debt - Type 1 School District
#DIV/0!
$0.00
$0.00
50
Reserve for Uncollected Taxes
2.23%
$3,951.68
$177,289.22
$181,240.90
$181,240.90
55
Surplus General Budget
#DIV/0!
$0.00
$0.00
Total
13.00
18.00
1.25%
$41,326.46
$3,309,895.71
$3,351,222.17
$3,344,065.90
$7,156.27
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
  Sheet UFB-3
USER FRIENDLY BUDGET SECTION - APPROPRIATIONS SUMMARY  (ALL OPERATING FUNDS)
% Difference 
Current v. 
Prior Year     
$ Difference 
Current v. Prior 
Year            
Total Modified 
Appropriation 
for Service Type 
(Prior Year)
Total 
Appropriation for 
Service Type 
(Current Year)
Budgeted Positions


USER FRIENDLY BUDGET SECTION
STRUCTURAL BUDGET IMBALANCES
Revenues at Risk
Non-recurring  appropriation 
reductions
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 UFB-4


# of Parcels
Assessed Value
% of Total
# of Parcels
Assessed Value
% of Total
1
Vacant Land
16
$744,000.00
0.31%
15A Public Schools
7
$4,599,700.00
17.09%
2
Residential
883
$217,958,100.00
90.17%
15B Other Schools
1
$2,306,300.00
8.57%
3A/3B Farm
0.00%
15C Public Property
11
$3,613,800.00
13.43%
4A
Commercial
46
$15,586,900.00
6.45%
15D Church and Charities
13
$14,526,400.00
53.98%
4B
Industrial
1
$1,358,900.00
0.56%
15E Cemeteries & Graveyards
0.00%
4C
Apartments
12
$6,058,500.00
2.51%
15F Other Exempt
8
$1,865,100.00
6.93%
5A/5B Railroad 
0.00%
6A/6B Business Personal Property
1
$86.00
0.00%
Total
959
$241,706,486.00
100.00%
Total
40
$26,911,300.00
100.00%
Average Ratio (%), Assessed to True Value
86.70%
Equalized Valuation, Taxable Properties
$278,784,874.28
Percentage of Exempt vs.
Non-Exempt Properties
11.13%
        Total # of property tax appeals filed in 2019
County Tax Board
3.00
State Tax Court
Number of 2019 County Tax Board decisions appealed to Tax Court
Number of pending property tax appeals in State Tax Court
Amount paid out by municipality for tax appeals in 2019
$4,573.66
# of
PILOT
Parcels
Billing/Revenue
Assessed Value
G
Commercial/Industrial Exemption
I
Dwelling Exemption
J
Dwelling Abatement
K
New Dwelling/Conversion Exemption
L
New Dwelling/Conversion Abatement
N
Multiple Dwelling Exemption
O
Multiple Dwelling Abatement
Total 5 Yr Exemptions/Abatements
0
0.00
0.00
ASSESSED PROPERTY VALUATIONS - EXEMPT PROPERTY - PROPERTY TAX APPEAL DATA
Property Tax Assessments - Taxable Properties (October 1, 2019 Value)
Property Tax Assessments - Exempt Properties (October 1, 2019 Value)
Sheet UFB-5
0.00
Prior Budget Year's Payments in Lieu of Tax (PILOT) - 5 Year Exemptions/Abatements
2019 Total Tax Rate
Taxes if Billed in Full


Type of Project
Taxes if Billed
Type of Project
Taxes if Billed
Type of Project
Taxes if Billed
Type of Project
Taxes if Billed
Project
(use drop-down
In Full
Project
(use drop-down
In Full
Project
(use drop-down
In Full
Project
(use drop-down
In Full
Name
for data entry)
PILOT Billing
Assessed Value
2019 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2019 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2019 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2019 Total Tax Rate
Baptist Home
Other
$19,910.48
$6,609,600.00
$237,284.64
Total Long Term Exemptions - Column Total
19,910.48
6,609,600.00
237,284.64
Total Long Term Exemptions - Column Total
$0.00
$0.00
$0.00
Total Long Term Exemptions - Column Total
$0.00
$0.00
$0.00
Total Long Term Exemptions - Column Total
$0.00
$0.00
$0.00
Mark "X" if Grand Total
X
Total Long Term Exemptions - GRAND TOTAL
$19,910.48
$6,609,600.00
$237,284.64
Sheet UFB-6C
Prior Budget Year's Payments in Lieu of Tax (PILOT) - Long Term Tax Exemptions
Prior Budget Year's Payments in Lieu of Tax (PILOT) - Long Term Tax Exemptions
Sheet UFB-6
USER FRIENDLY BUDGET SECTION
Long Term Tax Exemptions
Prior Budget Year's Payments in Lieu of Tax (PILOT) - Long Term Tax Exemptions
Prior Budget Year's Payments in Lieu of Tax (PILOT) - Long Term Tax Exemptions


# of
# of
Total
Overtime
Pension
Health Benefits
Employment
Full-Time
Part-Time
Personnel
Base
and other
(Estimate)
Net of
Taxes and
Organization / Individuals Eligible for Benefit
Employees Employees
Cost
Pay
Compensation
Cost Share
Other Benefits
Governing Body
0.00
0.00
0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Supervisory Staff (Department Heads & Managers)
2.00
3.00
311,314.38
$206,075.41
$0.00
$39,874.00
$49,600.20
$15,764.77
Police Officers (Including Superior Officers)
6.00
0.00
727,674.54
$453,082.25
$40,942.44
$120,217.00
$75,639.96
$37,792.89
Fire Fighters (Including Superior Officers)
0.00
0.00
0.00
$0.00
$0.00
$0.00
$0.00
$0.00
All Other Union Employees not listed above
0.00
0.00
0.00
$0.00
$0.00
$0.00
$0.00
All Other Non-Union Employees not listed above
4.00
13.00
161,817.14
$131,236.54
$20,541.00
$0.00
$10,039.60
Totals
12.00
16.00
1,200,806.05
$790,394.20
$40,942.44
$180,632.00
$125,240.16
$63,597.25
Is the Local Government required to comply with NJSA 11A (Civil Service)? - YES or NO
NO
Note - Base Pay is the annualized rate of pay to which overtime (if eligible) and/or pension is calculated.  Either calculation is fine at the discretion of the Local Unit.
Overtime and other compensation is any other item that is charged as a salary and wage expense but not included in Base Pay.
USER FRIENDLY BUDGET SECTION
BUDGETED PERSONNEL COSTS
Sheet UFB-7


Current Year # of 
Covered Members 
(Medical & Rx)
Current Year 
Annual Cost 
Estimate per 
Employee
Total Current 
Year Cost
Prior Year # of 
Covered Members 
(Medical & Rx)
Prior Year Annual 
Cost per Employee 
(Average)
Total Prior Year 
Cost
Active Employees - Health Benefits - Annual Cost
Single Coverage
3.00
$11,387.92
$34,163.76
6.00
$11,557.54
$69,345.24
Parent & Child
0.00
$0.00
$0.00
$0.00
Employee & Spouse (or Partner)
1.00
$22,153.44
$22,153.44
$0.00
Family
6.00
$31,555.14
$189,330.84
4.00
$33,068.76
$132,275.04
Employee Cost Sharing Contribution (enter as negative - )
($42,423.84)
($32,669.00)
Subtotal
10.00
$203,224.20
10.00
$168,951.28
Elected Officials - Health Benefits - Annual Cost 
Single Coverage
0
$0.00
$0.00
$0.00
Parent & Child
0
$0.00
$0.00
$0.00
Employee & Spouse (or Partner)
0
$0.00
$0.00
$0.00
Family
0
$0.00
$0.00
$0.00
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
0.00
$0.00
0.00
$0.00
Retirees - Health Benefits - Annual Cost 
Single Coverage
4
$5,274.72
$21,098.88
4
$5,284.00
$21,136.00
Parent & Child
0
$0.00
$0.00
$0.00
Employee & Spouse (or Partner)
3
$10,510.00
$31,530.00
3
$10,116.00
$30,348.00
Family
3
$21,100.60
$63,301.80
3
$20,913.00
$62,739.00
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
10.00
$115,930.68
10.00
$114,223.00
GRAND TOTAL
20.00
$319,154.88
20.00
$283,174.28
Is medical coverage provided by the SHBP (Yes or No)?
YES
Is prescription drug coverage provided by the SHBP (Yes or No)?
YES
USER FRIENDLY BUDGET SECTION - HEALTH BENEFITS 
Sheet UFB-8
Note - other health insurances such as dental and vision are not included in this analysis unless included in the employees total 
premium.  Therefore, the total from this sheet may not agree with the budgeted appropriation.


Legal basis for benefit
(check applicable items)
Organization/Individuals Eligible for Benefit
Gross Days of 
Accumulated 
Absence
Dollar Value of Compensated 
Absences
Approved 
Labor 
Agreement
Local 
Ordinance
Individual 
Employment 
Agreement
Police Department
120.00
$30,372.00
X
Totals
120.00
$30,372.00
Total Funds Reserved as of end of 2019
$30,000.00
Total Funds Appropriated in 2020
$0.00
UFB-9 Accumulated Absence Liability
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY


Gross
Net
Current Year
2021
2022 
All Additional Future
Debt
Deductions
Debt
Budget
Budget
Budget
Years' Budgets
Local School Debt
$0.00
Utility Fund - Principal
Regional School Debt
$0.00
Utility Fund - Interest
Bond Anticipation Notes - Principal
Utility Fund Debt
Bond Anticipation Notes - Interest
0
$0.00
Bonds - Principal
$130,000.00
$140,000.00
$145,000.00
$1,445,000.00
0
$0.00
Bonds - Interest
$91,050.00
$84,550.00
$77,550.00
$326,600.00
0
$0.00
Loans & Other Debt - Principal
0
$0.00
Loans & Other Debt - Interest
0
$0.00
0
$0.00
Total
$221,050.00
$224,550.00
$222,550.00
$1,771,600.00
Municipal Purposes
Debt Authorized
$516,448.32
$516,448.32
Total Principal
$130,000.00
$140,000.00
$145,000.00
$1,445,000.00
Notes Outstanding
$0.00
Total Interest
$91,050.00
$84,550.00
$77,550.00
$326,600.00
Bonds Outstanding
$1,860,000.00
$1,860,000.00
% of Total Current Year Budget
6.60%
Loans and Other Debt
$0.00
Description
Total (Current Year)
$2,376,448.32
$0.00
$2,376,448.32
Total Guarantees - Governmental
Total Guarantees - Other
Total Capital/Equipment Leases
Population (2010 census)
2,759
Total Other
Per Capita Gross Debt
$861.34
Bond Rating
Moody's
Standard & Poors
Fitch
Per Capita Net Debt
$861.34
Rating
Year of Last Rating
3 Yr. Average Property Valuation
$282,166,770.67
Mark "X" if Municipality has no bond rating
X
Net Debt as % of 3 Year Avg Property Valuation
0.84%
      Sheet UFB-10
USER FRIENDLY BUDGET SECTION - OUTSTANDING DEBT; PER CAPITA AND BUDGET IMPACT
Debt Not Listed Above


Providing or 
Receiving 
Services?
Providing Services To/Receiving 
Services From
Type of Shared Service Provided
Notes (Enter more specifics if needed)
Begin Date
End Date
Amount to be 
Received/Paid
Receiving
Cinnaminson Township
Municipal Court Services
1/1/2020
12/31/2020
$90,000.00
 
 
USER FRIENDLY BUDGET SECTION - SHARED SERVICES PROVIDED AND RECEIVED
Sheet UFB-11


       USER FRIENDLY BUDGET SECTION - LIST OF AUTHORITIES AND FIRE DISTRICTS
Please set forth below the names of all authorities and fire districts that serve your municipality
None


(Press ALT-Enter to go to a new line in each cell)
USER FRIENDLY BUDGET SECTION - Notes