Document Text
--- Document: 2022 Introduced Budget Document ---
2022 Municipal Budget
of the
BOROUGH
of
ROCKAWAY
County of
MORRIS
for the fiscal year 2022.
Revenue and Appropriations Summaries
Summary of Revenues
Anticipated
2022
2021
1.
Surplus
550,000.00
775,000.00
2.
Total Miscellaneous Revenues
1,622,002.01
1,959,967.06
3.
Receipts from Delinquent Taxes
200,000.00
265,000.00
4.
a) Local Tax for Municipal Purposes
6,943,535.29
6,795,480.96
b) Addition to Local School District Tax
0.00
0.00
c) Minimum Library Tax
286,420.00
282,140.04
Tot Amt to be Rsd by Taxes for Sup of Muni Bnd
7,229,955.29
7,077,621.00
Total General Revenues
9,601,957.30
10,077,588.06
Summary of Appropriations
2022 Budget
Final 2021
Budget
1.
Operating Expenses:
Salaries & Wages
3,488,008.68
3,313,572.00
Other Expenses
3,619,225.26
4,033,391.96
2.
Deferred Charges & Other Appropriations
898,064.00
835,072.00
3.
Capital Improvements
562,050.00
484,400.00
4.
Debt Service (Include for School Purposes)
514,609.36
906,152.10
5.
Reserve for Uncollected Taxes
520,000.00
505,000.00
Total General Appropriations
9,601,957.30
10,077,588.06
Total Number of Employees
66
61
2022
Dedicated
Water
Utility Budget
Summary of Revenues
Anticipated
2022
2021
1.
Surplus
250,000.00
203,500.00
2.
Miscellaneous
Revenues
2,059,222.00
2,162,500.00
3.
Deficit (General Budget)
Total
Revenues
2,309,222.00
2,366,000.00
Summary of Appropriations
2022 Budget
Final 2021
Budget
1.
Operating Expenses:
Salaries & Wages
584,300.00
603,200.00
Other Expenses
1,003,645.00
1,081,800.00
2.
Capital Improvements
283,000.00
240,000.00
3.
Debt Service
346,777.00
352,500.00
4.
Deferred Charges & Other Appropriations
91,500.00
88,500.00
5.
Surplus (General Budget)
Total Appropriations
2,309,222.00
2,366,000.00
Total Number of Employees
8
8
Balance of Outstanding Debt
General
Water
0
Interest
219,609.36
146,777.00
0.00
Principal
295,000.00
200,000.00
0.00
Outstanding Balance
5,513,227.00
4,635,000.00
0.00
Notice is hereby given that the budget and tax resolution was approved by the
COUNCIL MEMBERS
of the
BOROUGH
of
ROCKAWAY
, County of
MORRIS
on
March 10,
, 2022.
A hearing on the budget and tax resolution will be held at
Borough of Rockaway Community
Center
, on
April 14,
, 2022 at
6:30
o'clock PM at which time and place
objections to the Budget and Tax Resolution for the year 2022 may be presented by taxpayers or
other interested parties.
Copies of the budget are available in the office of
Municipal Clerk
at
the Municipal Building,
1 East Main Street
New Jersey,
Monday - Friday
during the
hours of
8:30 AM
to
4:30 PM
.