2023 - Adopted Municipal Budget

The document is the adopted municipal budget for the Borough of Roosevelt, Monmouth County, New Jersey for the fiscal year 2023. It includes a detailed breakdown of revenues and appropriations for the general fund and the water-sewer utility. The budget was approved by resolution of the Governing Body on June 19, 2023, and certified on August 14, 2023. The budget details various revenue streams such as surplus anticipated, miscellaneous revenues, receipts from delinquent taxes, and the amount to be raised by taxation. Appropriations are categorized within and excluded from "CAPS" and include items like operations, deferred charges, statutory expenditures, capital improvements, and debt service. A three-year capital improvement program from 2023-2025 is outlined with estimated costs and funding sources. It also includes a summary of tax rates, assessed values, and a comparison of revenues and appropriations from prior years. This budget has a projected total of $1,397,410.50 in revenues and appropriations. The document also mentions an upcoming hearing on the budget and tax resolution scheduled for July 17, 2023, where taxpayers and interested persons can present objections. Municipal officials including the clerk, tax collector, chief financial officer, and registered municipal accountant are listed. The budget includes detailed information on anticipated revenues, general appropriations and the calculation of spending and levy caps.