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2015 Adopted Budget

BID #: N/A

ISSUED: 2/19/2015

DUE: 3/19/2015

VALUE: $52,686,216.00

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Executive Summary

The document is the adopted budget for Ventnor City, New Jersey, for the fiscal year 2015. It details the municipality's revenues, appropriations, property tax levies, and debt, including breakdowns for municipal purposes, local school districts, and county purposes. The budget was approved by the Governing Body on February 19, 2015, and a public hearing was scheduled for March 19, 2015, to allow taxpayers to present objections to the budget and tax resolution.

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Document Text

--- Document: 2015 Adopted Budget Document ---
GREAT SEAL OF THE STATE OF
JERSEY
Year:
State of New Jersey
Local Government Services
2015 Municipal User Friendly Budget
MUNICIPALITY: 0122 Ventnor City City - County of Atlantic
Adopted
Municode: 0122
Filename: 0122_fba_2015.xlsm
Website: WWW.VENTNORCITY.ORG
Phone Number:
609-823-7900
Mailing Address:
6201 ATLANTIC AVENUE
Email the UFB if not using Outlook
Municipality: VENTNOR
State: NJ Zip: 08406
Mayor
First Name
JOHN
Middle Name
MICHAEL
Last Name
BAGNELL
Term Expires
5/17/2016
Business Email
MBAGNELL@VENTNORCITY.ORG
Chief Administrative Officer
THOMAS
RUSSO
TRUSSO@VENTNORCITY.ORG
Chief Financial Officer
ADETORO
ABODERIN
TORO.ABODERIN@VENTNORCITY.ORG
Municipal Clerk
JANICE
K
CALLAGHAN
JCALLAGHAN@VENTNORCITY.ORG
First Name
FRANK
THERESA
JOHN
Governing Body Members
Middle Name
MICHAEL
Last Name
SARNO
KELLY
BAGNELL
Term Expires
5/17/2016
5/17/2016
5/17/2016
Business Email
FSARNO@VENTNORCITY.ORG
TKELLY@VENTNORCITY.ORG
MBAGNELL@VENTNORCITY.ORG
USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN
2014 Calendar Year Property Tax Levies - ALL entities levying property taxes
Calendar Year
Calendar Year
Tax Rate
0.837
Tax Levy
$22,064,558.00
% of
Total Levy
43.53%
Municipal Purpose Tax
Avg Residential
Taxpayer Impact
$2,511.00
Municipal Purpose Tax
Current Year 2015 Budget
Taxes
Actual/Estimated
Tax Levy
ACTUAL
$22,861,216.00
Municipal Library
Municipal Open Space
0.00%
0.00%
$0.00 Municipal Library
$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
0.717
$17,651,560.00
34.82%
$2,151.00
Local School District
ESTIMATED
$18,000,000.00
Regional School District
0.00%
$0.00
Regional School District
County Purposes
0.374
$9,205,276.49 18.16%
$1,122.00
County Purposes
ESTIMATED
$10,000,000.00
County Library
0.037
$914,459.20
1.80%
$111.00
County Library
ESTIMATED
$925,000.00
County Board of Health
0.029
$726,006.23
1.43%
$87.00
County Board of Health
ESTIMATED
$750,000.00
County Open Space
0.005
$129,540.64
0.26%
$15.00
County Open Space
ESTIMATED.
$150,000.00
Other County Levies (total)
0.00%
$0.00
Other County Levies (total)
1.999
$50,691,400.56
100.00%
Total (Calendar Year 2014 Budget)
$5,997.00
Total ESTIMATED amount to be raised by taxes
$52,686,216.00
Total Taxable Valuation as of
October 1, 2014
$2,462,173,390.00
Revenue Anticipated, Excluding Tax Levy
6,961,123.00
(To be used to calculate the current year tax rate)
Budget Appropriations, before Reserve for Uncollected Taxes
26,924,597.00
Current Year Average Residential Assessment
$300,000.00
Total Non-Municipal Tax Levy
$29,825,000.00
Amount to be Raised by Taxes - Before RUT
$49,788,474.00
Prior Year to Current Year Comparison
Reserve for Uncollected Taxes (RUT)
$2,897,741.87
Total Amount to be Raised by Taxes
$52,686,215.87
Comparison - Municipal Purposes Tax Rate
Prior Year
0.837
Current Year % Change (+/-)
0.893
6.69%
% of Tax Collections used to Calculate RUT
94.50%
Comparison - Municipal Purposes Tax Levy
Prior Year
Current Year
$22,064,558.00
$22,861,216.00
% Change (+/-)
3.61%
$ Change (+/-)
If% used exceeds the actual collection % then
reference the statutory exception used
Tax Collections - ACTUAL as of Prior Year
Total Tax Revenue, Collections CY 2014
$796,658.00
Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Onl Total Tax Levy, CY 2014
Prior Year
Current Year
% Change (+/-)
$2,511.00
$2,679.00
6.69%
$ Change (+/-)
% of Taxes Collected, CY 2014
Delinquent Taxes - December 31, 2014
Sheet UFB-1
48,092,180.00
50,739,280.00
94.78%
$168.00
$1,731,523.00
FCOA
% Difference
Current vs.
Prior Year
#DIV/0!
08
Surplus
USER FRIENDLY BUDGET SECTION - ANTICIPATED REVENUE SUMMARY (ALL OPERATING FUNDS)
Total Anticipated
Revenue (Current
Year)
$2,000,000,00
$ Difference
Current vs. Prior
Year
Total Realized
Revenue (Prior
Year)
General
Budget
Open Space
Budget
Utility
Utility
Utility
Utility
Utility
Utility
$2,000,000.00
$0.00
08
Local Revenue
-7.04%
($521,008.00)
$7,400,508.00
$6,879,500.00
$2,000,000.00
$1,879,500.00
$5,000,000,00
09
State Aid (without offsetting appropriation)
0.00%
$0.00
$608,112.00.
$608,112.00
$608,112.00
08
Uniform Construction Code Fees
-20.84%
($79,000.00)
$379,000.00
$300,000,00
$300,000.00
Special Revenue Items w/ Prior Written Consent
11
Shared Services Agreements
12.18%
$4,750.00
$39,000.00
$43,750.00
$43,750,00
08
Additional Revenue Offset by Appropriations
#DIV/0!
$0.00
$0.00
$0.00
10
Public and Private Revenue
-70.13%
($480,719.00)
$685,480.00
$204,761.00
$204,761.00
08
Other Special Items
-90.02%
($3,648,719.00)
$4,053,265.00
$404,546.00
$325,000.00
$79,546,00
15
Receipts from Delinquent Taxes
-10.36%
($185,000.00)
$1,785,000.00
$1,600,000.00
$1,600,000.00
Amount to be raised by taxation
07
Local Tax for Municipal Purposes
4.12%
$849,543.00
$20,598,725.00
$21,448,268.00
$21,448,268.00
07
Minimuın Library Tax
#DIV/0!
$0,00
$0.00
$0.00
54
Open Space Levy Tax
#DIV/0!
$0.00
$0.00
$0.00
07
Addition to Local District School Tax
-3.61%
($52,885.00)
$1,465,833.00
$1,412,948.00
$1,412,948.00
08
Deficit General Budget
#DIV/0!
$0.00
$0.00
$0.00
Total
-5.71%
($2,113,038.00)
$37,014,923.00
$34,901,885.00
$29,822,339.00
$0.00 $5,079,546.00
$0.00
$0.00
$0.00
$0.00
$0.00
Sheet UFB-2
20
General Government
14:00
4.00
USER FRIENDLY BUDGET SECTION - APPROPRIATIONS SUMMARY (ALL OPERATING FUNDS)
FCOA
Budgeted Positions
Full-Time Part-Time % Difference
Total Modified
Appropriation
for Service Type
(Prior Year)
$1,461,900.00.
Current v.
Prior Year
241.41%
$ Difference
Current v. Prior
Year
Total
Appropriation for
Service Type
(Current Year)
General
Budget
Public& Private
Offsets
Open Space
Budget
Utility
Utility
Utility
Utility
Utility
Utility
$3,529,242.00
$4,991,142.00
$1,518,150.00
$3,472,992.00
21
Land-Use Administration
1.002.00.
19.40%
$6,600.00
$34,020.00
$40,620.00
$40,620.00
22
Uniform Construction Code
6.00 2.00
0.41%
$1,712.00
$417,855,00
$419,567.00
$419,567,00
23
Insurance
-11.82%
($490,253.00)
$4,147,908.00
$3,657,655.00
$3,657,655.00
25
Public Safety
93,00
6,00
4.30%
$402,067.00
$9,360,489.00
$9,762,556.00
$9,762,556.00
26
Public Works
39.00
4.00
-2.00%
($51,746.00)
$2,589,297,00
$2,537,551.00
$2,537,551.00
27
Health and Human Services
0.00%
$0.00
$8,400.00
$8,400.00
$8,400.00
28
Parks and Recreation
6.00 104.00
4.25%
$36,482.00
$858,179.00
$894,661,00
$894,661.00
29
Education (including Library)
0.00%
$0.00
$10,000.00
$10,000.00
$10,000.00
30
Unclassified
-2.73%
($25,720.00)
$940,720.00
$915,000.00
$915,000.00
31
Utilities and Bulk Purchases
#DIV/0!
$0.00
$0.00
$0.00
$0.00
32
Landfill / Solid Waste Disposal.
-34.42%
($78,741.00)
$228.741.00.
$150,000,00
$150,000.00
35
Contingency
#DIV/0!
$0.00
$0.00
$0.00
$0.00
36
Statutory Expenditures
4.63%
$124,409.00
$2,687,590.00
$2,811,999.00
$2,725,999.00
$86,000.00
37
Judgements
#DIV/0!
$0.00
$0.00
$0.00
$0.00
42
Shared Services
2.00
3.00
12.18%
$4,750.00
$39,000.00
$43,750.00
$43,750,00
43
Court and Public Defender
3.00
3.00
27.58%
$60,669.00
$220,013.00
$280,682.00
$280,682.00.
44
Capital
0.00%
$0.00
$250,000.00
$250,000.00
$250,000.00
45
Debt
64.18%
$1,145,379.00
$1,784,679.00
$2,930,058.00
$1,767,058.00
46
Deferred Charges
-11.45% ($114,801.00) $1,002,355.00
$887,554.00
$530,000.00
$1,163,000.00
$357,554,00
48
Debt Type 1 School District
-3.61% ($52,885.00)
$1,465,833,00
$1,412,948.00
$1,412,948.00
50
Reserve for Uncollected Taxes
-6.50%
($201,288.00)
$3,099,030.00
$2,897,742.00
$2,897,742.00
55
Surplus General Budget
#DIV/0!
$0.00
$0.00
Total
164,00
128.00
14.04%
$4,295,876.00
$30,606,009.00
$34,901,885.00
$29,822,339.00
$0.00
$0.00
$5,079,546,00
$0.00
$0.00
$0.00
$0.00
$0.00
Sheet UFB-3
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.
USER FRIENDLY BUDGET SECTION
STRUCTURAL BUDGET IMBALANCES
Sheet UFB-4
Amount
Comment/Explanation
USER FRIENDLY BUDGET SECTION - HEALTH BENEFITS
Current Year
Current Year # of
Annual Cost
Covered Members
(Medical & Rx)
Estimate per
Employee
Total Current
Year Cost
Active Employees - Health Benefits - Annual Cost
Single Coverage
39.00
$10,098.94
$393,858.66
Parent & Child
57.00
$30,925.50
$1,762,753.50
Employee & Spouse (or Partner)
21.00
$22,902.12
$480,944.52
Family
13.00
$19,352.24
$251,579.12
Employee Cost Sharing Contribution (enter as negative - )
($542,438.00)
Subtotal
130.00
$83,278.80
$2,346,697.80
Elected Officials - Health Benefits - Annual Cost
Single Coverage
$0.00
Parent & Child
$0.00
Employee & Spouse (or Partner)
$0.00
Family
$0.00
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
0.00
$0.00
$0.00
Retirees - Health Benefits - Annual Cost
Single Coverage
$0.00
Parent & Child
$0.00
Employee & Spouse (or Partner)
$0.00
Family
$0.00
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
0.00
$0.00
$0.00
GRAND TOTAL
130.00
$83,278.80
$2,346,697.80
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.
Is medical coverage provided by the SHBP (Yes or No)?
YES
Is prescription drug coverage provided by the SHBP (Yes or No)?
YES
Sheet UFB-8
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Organization/Individuals Eligible for Benefit
Gross Days of
Accumulated
Absence
Dollar Value of Compensated
Absences
Approved
Labor
Agreement
Legal basis for benefit
(check applicable items)
Individual
Local
Ordinance
Employment
Agreement
Managerial Staff (Department Heads & Managers)
3006.50
$478,598.95 No
SOME
Police Benevolent Association (Police Officers)
2112.00
$466,159.06 YES
NO
NO
Intl Brotherhood of Teamsters (Dispatch)
Firemen's Mutual Benevolent Association (Fire Fighters)
851.72
$30,111.43 YES
NO
NO
4365.00
$895,609.00 YES
NO
NO
Teamsters Local Union 929 (Clerical Staff)
1511.63
$92,895.83 YES
NO
NO
Teamsters Local Union 929 (Public Works & Utility Staff)
3371.56
$193,404.06 YES
NO
NO
Totals
15218.41
Total Funds Reserved as of end of 2014
Total Funds Appropriated in 2015
$2,156,778.33
$0.00
$150,000.00
UFB-9 Accumulated Absence Liability
USER FRIENDLY BUDGET SECTION - OUTSTANDING DEBT; PER CAPITA AND BUDGET IMPACT
Gross
Debt
Deductions
Net
Debt
Current Year
Budget
2016
2017
All Additional Future
Budget
Budget
Years' Budgets
Local School Debt
Regional School Debt
Utility Fund Debt
10
0
$8,763,000.00
$8,763,000.00
$0.00 Utility Fund - Principal
$660,000.00
$675,000.00
$695,000.00
$11,975,000.00
$0.00 Utility Fund - Interest
$501,681.00
$484,907.00
$466,157.00
$3,570,338.00
Bond Anticipation Notes - Principal
Bond Anticipation Notes - Interest
$12,466.00
$20,407,000.00
$9,244,520.00
$11,162,480.00 Bonds - Principal
$2,425,000.00
$2,495,000.00
$2,565,000.00
$15,723,000.00
$0.00 Bonds - Interest
$872,598.00
$656,420.00
$592,520.00
$2,153,072.00
0
$0.00 Loans & Other Debt - Principal
$27,730.00
$28,288,00
$28,856.00
$90,095.22
0
0
10
Municipal Purposes
Debt Authorized
$2,667,901.00
Notes Outstanding
Bonds Outstanding
$14,445,000,00
Loans and Other Debt
$1,485,969.00
Total (Current Year)
$47,768,870.00
$18,007,520.00
Population (2010 census)
10,650
Per Capita Gross Debt
Per Capita Net Debt
$4,485.34
$2,794.49
3 Yr. Average Property Valuation
$350,000.00
Net Debt as % of 3 Year Avg Property Valuation
8503.24%
$0.00 Loans & Other Debt - Interest
$3,361.00
$2,804.00
$2,236.00
$3,180.00
$0.00
$0.00 Total
$4,502,836.00
$4,342,419.00
$4,349,769.00
$33,514,685.22
$2,667,901.00 Total Principal
$0.00 Total Interest
$3,112,730.00
$3,198,288.00
$3,288,856.00
$27,788,095.22
$1,390,106.00
$1,144,131.00
$1,060,913.00
$5,726,590.00
$14,445,000.00 % of Total Current Year Budget
12.90%
$1,485,969.00
Description
Debt Not Listed Above
$29,761,350.00 Total Guarantees - Governmental
Total Capital/Equipment Leases
Total Guarantees - Other
Total Other
Bond Rating
Moody's
Standard & Poors
Fitch
Rating
AA-
A+
Year of Last Rating
Mark "X" if Municipality has no bond rating
Sheet UFB-10
Providing or
Receiving
Services?
USER FRIENDLY BUDGET SECTION - SHARED SERVICES PROVIDED AND RECEIVED
Providing Services To/Receiving
Services From
Providing Borough of Longport
Type of Shared Service Provided Notes (Enter more specifics if needed)
Begin Date End Date
Construction Office
1/1/2015
12/31/2016
Sheet UFB-11
Amount to be
Received/Paid
$43,750.00
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
USER FRIENDLY BUDGET SECTION - Notes
(Press ALT-Enter to go to a new line in each cell)
2015 MUNICIPAL DATA SHEET
(Must accompany 2015 budget)
MUNICIPALITY: CITY OF VENTNOR CITY
COUNTY: Atlantic
Governing Body Members
Michael Bagnell
May 2016
Mayor's Name
Term Expires
Name
Term Expires
Frank Sarno
Theresa Kelly
May 2016
May 2016
Municipal Officials
Janice K. Callaghan
Municipal Clerk
Julie Harron
Tax Collector
Adetoro Aboderin
January 1, 2011
Date of Orig. Appt.
360
Cert No.
T-1333
Cert No.
N-0747
Cert No.
231
Lic No.
Chief Financial Officer
Kenneth Moore, CPA
Registered Municipal Accountant
Amy Weintrob
Municipal Attorney
Official Mailing Address of Municipality
City of Ventnor City
6201 Atlantic Avenue
Ventnor, NJ 08406
Fax #:
609-823-8032
Sheet A
Please attach this to your 2015 Budget and Mail to:
Director Local Government Services
Division of Local Government Services
Department of Community Affairs
CN 803
Trenton, NJ 08625
Division Use Only
Municode:
Public Hearing Date
2015
MUNICIPAL BUDGET
Municipal Budget of the
City
of Ventnor City
County of
Atlantic
for the Fiscal Year 2015.
It is hereby certified 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
day of
J
2015
19th
February
and that public advertisement will be made in accordance with the provisions of N.J.S. 40A:4-6 and
N.J.A.C. 5:30-4.4(d).
Certified by me, this
February
,
2015
19th
day of
Janice K. Callaghan
Clerk
6201 Atlantic Avenue
Address
Ventnor, NJ 08406
Address
609-823-7900
Phone Number
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
additions are correct, all statements contained herein are in proof, and the total of antici-
pated revenues equals the total of appropriations.
Certified by me, this
Kenneth Moore, CPA
Registered Municipal Accountant
Mays Landing NJ 08330
Address
February
,
2015
19th
day of
Adetoro Aboderin
Chief Financial Officer
It is hereby certified that the approved Budget annexed hereto and hereby made
a part is an exact copy of the original of file with the Clerk of the Governing Body, that all
additions are correct, all statements contained herein are in proof, the total of anticipated
revenues equals the total of appropriations and the budget is in full compliance with the
Local Budget Law, N.J.S. 40A:4-1 et seq.
Certified by me, this
day of
February
2015
19th
PO Box 548
Address
609-625-0999
Phone Number
DO NOT USE THESE SPACES
(Do not advertise this Certification form)
CERTIFICATION OF ADOPTED BUDGET
It is hereby certified that the amount to be raised by taxation for local purposes has been compared with
the approved Budget previously certified by me and any changes required as a condition to such approval
have been made. The adopted budget is certified with respect to the foregoing only.
Dated:
STATE OF NEW JERSEY
Department of Community Affairs
Director of the Division of Local Government Services
2015
By:
Sheet 1
CERTIFICATION OF APPROVED BUDGET
It is hereby certified that the Approved Budget made part hereof complies with the requirements
of law, and approval is given pursuant to N.J.S. 40A:4-79.
STATE OF NEW JERSEY
Department of Community Affairs
Director of the Division of Local Government Services
Dated:
2015
By:
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.
City
of
Ventnor City
, County of
Atlantic
Sheet 1a
Section 1.
of
Municipal Budget of the
City
of
MUNICIPAL BUDGET NOTICE
Ventnor City
,
County of
Atlantic
Be it Resolved, that the following statements of revenues and appropriations shall constitute the Municipal Budget for the Year 2015;
Be it Further Resolved, that said Budget be published in the
THE PRESS
for the Fiscal Year 2015
in the issue of
February 26 2015
The Governing Body of the
City
of
Ventnor City
does hereby approve the following as the Budget for the year 2015:
Sarno
Abstained No one
RECORDED VOTE
(INSERT LAST NAME)
Ayes
Kelly
Bagnell
Nays No me
No
Absent
No one
Notice is hereby given that the Budget and Tax Resolution was approved by the
Ventnor City
, County of
Atlantic
Commission
on
February 19
2015
,
of the
City
A Hearing on the Budget and Tax Resolution will be held at
March 19
at
VECC 400 Lafayette Ave
6:00 o'clock
(Α.Μ.)
(Ρ.Μ.)
(Cross out one)
interested persons.
at which time and place objections to said Budget and Tax Resolution for the year 2015 may be presented by taxpayers or other
Sheet 2
EXPLANATORY STATEMENT
SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET
YEAR 2015
XXXXXXXXXXXXXXX XX
XXXXXXXXXXXXXXX XX
General Appropriations For:(Reference to item and sheet number should be omitted in advertised budget)
1. Appropriations within "CAPS"-
(a) Municipal Purposes {(item H-1, Sheet 19)(N.J.S. 40A:4-45.2)}
2. Appropriations excluded from "CAPS"
(a) Municipal Purposes (item H-2, Sheet 28)(N.J.S. 40A:4-45.3 as amended)}
(b) Local District School Purposes in Municipal Budget(item K, Sheet 29)
Total General Appropriations excluded from "CAPS"(item O, sheet 29)
3. Reserve for Uncollected Taxes (item M, Sheet 29) Based on Estimated
4 Total General Appropriations (item 9, Sheet 29)
22,644,080 00
XXXXXXXXXXXXXXX XX
2,867,569 00
1,412,948 00
4,280,517 00
2,897,742 00
5. Less: Anticipated Revenues Other Than Current Property Tax (item 5, Sheet 11)
(i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)
94.50% Percent of Tax Collections
Building Aid Allowance 2015-$
for Schools-State Aid 2014-$
29,822,339 00
6,961,123 00
6