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--- Document: 2021 Budget Presentation – Introduced Document ---
ROCHELLE PARK
MUNICIPAL COMPLEX
TOWNSHIP OF ROCHELLE PARK
2021 Budget Presentation
May 26, 2021
TOWNSHIP OF ROCHELLE PARK
BUDGET REVENUE ANALYSIS
2021
2020
Introduced
Adopted
Budget
Budget
Variance
Surplus Anticipated
$ 1,000,000
$ 1,000,000
Municipal Local Revenue
335,500
432,000
$ (96,500)
State Aid
698,517
698,517
Other Special Items
768,433
848,613
(80,180)
Other Special Items - American Rescue Plan
100,000
100,000
Public and Private Grants
38,970
30,065
8,905
Delinquent Taxes
172,000
216,000
(44,000)
Municipal Tax Levy
9,288,822
9,184,700
104,122
Library Tax Levy
337,516
343,735
(6,219)
$ 12,739,758
$ 12,753,630
$ (13,872)
TOWNSHIP OF ROCHELLE PARK
ANALYSIS OF AMERICAN RESCUE PLAN FUNDING ANTICIPATED
2020
Adopted
Budget
2020
Realized
Variance
Fine and Cost - Municipal Court
$
150,000
$ 90,160 $ (59,840)
Hotel Fees
105,500
64,134
(41,366)
$ (101,206)
> The Township has anticipated $100,000 of American Rescue Plan funding in
order to offset the loss in 2020 Municipal Court and Hotel Fee revenues.
TOWNSHIP OF ROCHELLE PARK
2021 REVENUES
Where the Budget $$ Comes From
Municipal Tax Levy.
72.9%
Delinquent Taxes
1.4%
Library Tax Levy
2.7%
Surplus
Anticipated
7.8%
Municipal Local
Revenue
2.6%
State Aid
5.5%
Public and Private Other Special Items Other Special Items
Grants
0.3%
American Rescue Plan
0.8%
6.0%
TOWNSHIP OF ROCHELLE PARK
BUDGET APPROPRIATION ANALYSIS
2021
Introduced
2020
Budget
Adopted
Budget
Variance
Salaries & Wages
$ 4,437,416
$ 4,644,533 $ (207,117)
Other Expenses
1,343,145
1,332,114
11,031
Insurance
1,917,900
1,978,893
(60,993)
Utility Expenses & Bulk Purchases
737,800
682,000
55,800
Statutory Expenditures (S.S./Pension)
1,198,969
1,037,585
161,384
Sewerage Processing
860,666
932,780
(72,114)
Prior Year Bills/Judgements
58,776
58,776
Public Grants
40,095
31,490
8,605
Capital Improvements
50,000
25,000
25,000
Debt Service
1,167,725
1,180,500
(12,775)
Transfer to Board of Education
99,750
100,000
(250)
Reserve for Uncollected Taxes
490,000
465,000
25,000
Library
337,516
343,735
(6,219)
$ 12,739,758
$ 12,753,630 $ (13,872)
TOWNSHIP OF ROCHELLE PARK
2021 APPROPRIATIONS
Where Your Budget $$ is Expended
Debt Service
9.2%
Capital Improvements
0.4%
Public Grants
0.3%
Prior Year
Bills/Judgements
0.5%
Sewerage
Processing
6.8%
Transfer to Board of Reserve for Uncollected
Education
0.8%
Taxes
3.8%
Statutory
Expenditures
(S.S./Pension)
9.4%
Utility Expenses & Bulk
Purchases
5.8%
Insurance
15.1%
Library
2.6%
Salaries & Wages
34.8%
Other Expenses
10.5%
TOWNSHIP OF ROCHELLE PARK
COMPARISON OF TAX RATE APPORTIONMENT
2021
Introduced
2020
Budget
Actual
Tax Rate
Increase
Impact on
Average
Home
Municipal
$0.980
$0.973
$ 0.007
$
23
Library
0.036
0.036
County*
0.281
0.273
0.008
School**
1.334
1.302
0.032
27
106
$
2.631
$
2.584
$ 0.047
$
156
Budget Increase in 2021 Municipal Rate
$ 0.007
Budget Impact to Average Home Assessed at $332,000
$
23
Budget Monthly Impact to Average Home Assessed at $332,000
$
1.94
* County tax rate estimated at a 3% increase in levy. Includes County Open Space tax rate of $0.01.
** School tax rate based on certified school tax levy for the calendar year 2021.
TOWNSHIP OF ROCHELLE PARK
WHERE YOUR TAX DOLLAR GOES
2021
Municipal Library
School
County
ITED STA
LEGAL TENDER
PUBLIC AND PRIVATE
37¢
1¢
51¢
SERIES
1995
Rob
DOGTAR
11¢