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Executive Summary
The document presents the 2024 Municipal User Friendly Budget for the Borough of Waldwick, New Jersey. It details various aspects of the budget, including property tax levies, anticipated revenue, appropriations, personnel costs, health benefits, accumulated absence liability, and outstanding debt. The budget also highlights shared services agreements and lists authorities and fire districts serving the municipality. The document also outlines potential structural budget imbalances and the risk factors that lead to these imbalances.
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Document Text
--- Document: 2024 User Friendly Budget Document ---
Year:
2024 Municipal User Friendly Budget
MUNICIPALITY:
2
Government Type:
3
Municode: 0264
Filename: 0264_fba_2024.xlsm
Website:
Election Type:
4
Phone Number:
201-652-5300
Mailing Address:
Municipality: Waldwick
State:
NJ
Zip:
07463
Mayor
First Name
Middle Name
Last Name
Term Expires
Business Email
Thomas
Giordano
12/31/2027
Chief Administrative Officer
Steven
Neale
Chief Financial Officer
Colleen
Ennis
Municipal Clerk
Kelley
Halewicz
Registered Municipal Accountant
Gary
Vinci
Governing Body Members
First Name
Middle Name
Last Name
Term Expires
Business Email
Mark
Ramundo
11/7/2024
Kathleen
Cericola
11/31/2024
Michael
Ritchie
12/31/2024
Michele
Weber
12/31/2025
Andrew
Brennecke
12/31/2026
Joseph
Martinello
12/31/2026
gvinci@lvhcpa.com
90
www.waldwicknj.org
63 Franklin Turnpike
tgiordano@waldwicknj.org
Local Government Services
State of New Jersey
khalewicz@waldwicknj.org
jmartinello@waldwicknj.org
abrennecke@waldwicknj.org
mweber@waldwicknj.org
mritchie@waldwicknj.org
kcericola@waldwicknj.org
mramundo@waldwicknj.org
cennis@waldwicknj.org
sneale@waldwicknj.org
Calendar Year
Calendar Year
% of
Avg Residential
Taxes
Actual/Estimated
Tax Levy
Tax Rate
Tax Levy
Total Levy
Taxpayer Impact
Municipal Purpose Tax
0.538
$8,820,591.00
18.54%
$2,283.10
Municipal Purpose Tax
ACTUAL
$8,919,578.00
Municipal Library
0.040
$647,344.00
1.36%
$169.75
Municipal Library
ACTUAL
$700,328.00
Municipal Open Space
0.005
$81,801.00
0.17%
$21.22
Municipal Open Space
ACTUAL
$82,075.00
Municipal Arts and Culture
0.000
$0.00
0.00%
$0.00
Municipal Arts and Culture
$0.00
Fire Districts (avg. rate/total levies)
0.000
$0.00
0.00%
$0.00
Fire Districts (total levies)
$0.00
Other Special Districts (total levies)
0.000
$0.00
0.00%
$0.00
Other Special Districts (total levies)
$0.00
Local School District
2.040
$33,381,472.00
70.15%
$8,657.11
Local School District
ESTIMATED
$34,169,266.00
Regional School District
0.000
$0.00
0.00%
$0.00
Regional School District
$0.00
County Purposes
0.273
$4,461,947.46
9.38%
$1,158.52
County Purposes
ESTIMATED
$4,736,357.00
County Library
0.000
$0.00
0.00%
$0.00
County Library
$0.00
County Board of Health
0.000
$0.00
0.00%
$0.00
County Board of Health
$0.00
County Open Space
0.012
$195,281.05
0.41%
$50.92
County Open Space
ESTIMATED
$199,187.00
Other County Levies (total)
0.000
$0.00
0.00%
$0.00
Other County Levies (total)
Total (Calendar Year 2023 Budget)
2.908
$47,588,436.51
100.00%
$12,340.62
Total ESTIMATED amount to be raised by taxes
$48,806,791.00
Total Taxable Valuation as of
October 1, 2023
$2,209,103,400.00
Revenue Anticipated, Excluding Tax Levy
6,664,030.00
(To be used to calculate the current year tax rate)
Budget Appropriations, before Reserve for Uncollected Taxes
15,306,721.00
Current Year Average Residential Assessment
$424,368.00
Total Non-Municipal Tax Levy
$39,186,885.00
Amount to be Raised by Taxes - Before RUT
$47,829,576.00
Prior Year to Current Year Comparison
Reserve for Uncollected Taxes (RUT)
$977,215.00
Total Amount to be Raised by Taxes
$48,806,791.00
Comparison - Municipal Purposes Tax Rate
Prior Year
Current Year
% Change (+/-)
% of Tax Collections used to Calculate RUT
97.99%
0.538
0.403
-25.09%
If % used exceeds the actual collection % then
Comparison - Municipal Purposes Tax Levy
reference the statutory exception used
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
$8,820,591.00
$8,919,578.00
1.12%
$98,987.00
Tax Collections - ACTUAL as of Prior Year
Total Tax Revenue, Collections CY 2023
47,493,443.00
Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only)Total Tax Levy, CY 2023
47,756,439.00
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
% of Taxes Collected, CY 2023
99.45%
$2,283.10
$1,710.20
-25.09%
($572.90)
Delinquent Taxes - December 31, 2023
$262,996.00
Sheet UFB-1
USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN
Current Year 2024 Budget
2023 Calendar Year Property Tax Levies - ALL entities levying property taxes
USER FRIENDLY BUDGET SECTION - ANTICIPATED REVENUE SUMMARY (ALL OPERATING FUNDS)
General
Open Space
Arts and Culture
Water
FCOA
Budget
Budget
Trust Fund
Utility
Utility
Utility
Utility
Utility
08
Surplus
6.15%
$141,262.00
$2,297,809.00
$2,439,071.00
$2,195,071.00
$0.00
$0.00
$244,000.00
08
Local Revenue
-4.10%
($98,355.00)
$2,399,811.00
$2,301,456.00
$493,000.00
$0.00
$0.00
$1,808,456.00
09
State Aid (without offsetting appropriation)
5.40%
$141,090.00
$2,614,436.00
$2,755,526.00
$2,755,526.00
$0.00
$0.00
08
Uniform Construction Code Fees
-0.22%
($435.00)
$201,435.00
$201,000.00
$201,000.00
$0.00
$0.00
Special Revenue Items w/ Prior Written Consent
11
Shared Services Agreements
-0.31%
($199.00)
$64,199.00
$64,000.00
$64,000.00
$0.00
$0.00
08
Additional Revenue Offset by Appropriations
#DIV/0!
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
10
Public and Private Revenue
-18.46%
($12,414.00)
$67,234.00
$54,820.00
$54,820.00
$0.00
$0.00
08
Other Special Items
-27.96%
($258,923.00)
$925,923.00
$667,000.00
$667,000.00
$0.00
$0.00
15
Receipts from Delinquent Taxes
-3.76%
($9,138.00)
$242,751.00
$233,613.00
$233,613.00
$0.00
$0.00
Amount to be raised by taxation
07
Local Tax for Municipal Purposes
0.78%
$68,987.00
$8,850,591.00
$8,919,578.00
$8,919,578.00
$0.00
$0.00
07
Minimum Library Tax
8.18%
$52,984.00
$647,344.00
$700,328.00
$700,328.00
$0.00
$0.00
54
Open Space Levy Tax
-0.02%
($14.00)
$82,089.00
$82,075.00
$0.00
$82,075.00
$0.00
56
Arts and Cultural Levy Tax
#DIV/0!
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
07
Addition to Local District School Tax
#DIV/0!
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
08
Deficit General Budget
#DIV/0!
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Total
0.14%
$24,845.00
$18,393,622.00
$18,418,467.00
$16,283,936.00
$82,075.00
$0.00
$2,052,456.00
$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
Arts and Culture
Water
FCOA
Full-Time Part-Time
Budget
Offsets
Budget
Trust Fund
Utility
Utility
Utility
Utility
Utility
20
General Government
8.00
10.00
-1.03%
($10,684.00)
$1,039,458.00
$1,028,774.00
$1,028,774.00
21
Land-Use Administration
0.00
2.00
47.41%
$15,402.00
$32,486.00
$47,888.00
$47,888.00
22
Uniform Construction Code
2.00
3.00
4.40%
$10,601.00
$240,816.00
$251,417.00
$251,417.00
23
Insurance
0.00
0.00
12.81%
$147,617.00
$1,151,997.00
$1,299,614.00
$1,299,614.00
25
Public Safety
27.00
35.00
0.74%
$25,254.00
$3,412,024.00
$3,437,278.00
$3,417,672.00
$19,606.00
26
Public Works
17.00
0.00
1.20%
$43,220.00
$3,606,782.00
$3,650,002.00
$2,110,106.00
$35,214.00
$1,504,682.00
27
Health and Human Services
0.00
0.00
-1.63%
($1,904.00)
$116,504.00
$114,600.00
$114,600.00
28
Parks and Recreation
0.00
21.00
16.53%
$39,843.00
$241,105.00
$280,948.00
$198,873.00
$82,075.00
29
Education (including Library)
0.00
0.00
8.18%
$52,984.00
$647,344.00
$700,328.00
$700,328.00
30
Unclassified
0.00
0.00
22.73%
$2,500.00
$11,000.00
$13,500.00
$13,500.00
31
Utilities and Bulk Purchases
0.00
0.00
1.37%
$6,500.00
$473,500.00
$480,000.00
$480,000.00
32
Landfill / Solid Waste Disposal
0.00
0.00
1.15%
$25,411.00
$2,202,591.00
$2,228,002.00
$2,228,002.00
35
Contingency
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
36
Statutory Expenditures
0.00
0.00
8.85%
$135,925.00
$1,536,346.00
$1,672,271.00
$1,505,874.00
$166,397.00
37
Judgements
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
42
Shared Services
0.00
0.00
11.37%
$6,532.00
$57,468.00
$64,000.00
$64,000.00
43
Court and Public Defender
0.00
3.00
16.54%
$14,043.00
$84,921.00
$98,964.00
$98,964.00
44
Capital
0.00
0.00
-61.78%
($426,300.00)
$690,000.00
$263,700.00
$223,700.00
$40,000.00
45
Debt
0.00
0.00
8.68%
$144,608.00
$1,665,358.00
$1,809,966.00
$1,468,589.00
$341,377.00
46
Deferred Charges
0.00
0.00
-100.00%
($475,000.00)
$475,000.00
$0.00
$0.00
48
Debt - Type 1 School District
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
50
Reserve for Uncollected Taxes
0.00
0.00
0.00%
$0.00
$977,215.00
$977,215.00
$977,215.00
55
Surplus General Budget
0.00
0.00
3.16%
$67,262.00
$2,127,809.00
$2,195,071.00
$2,195,071.00
Total
54.00
74.00
-0.85%
($176,186.00)
$20,789,724.00
$20,613,538.00
$18,424,187.00
$54,820.00
$82,075.00
$0.00
$2,052,456.00
$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
X
Franchise Fees - Cable Television
$138,000.00 Subject to market conditions
X
CMPTRA/Energy Receipts Tax
$2,755,526.00 Subject to the discretion of the State to fund Local Municipalities
X
Cell Tower Rental Agreements
$335,000.00 Subject to potential mergers and new technology
X
Tax Appeal Settlement Agreement
$100,000.00 Agreement is only for 2024 & 2025
Sheet UFB-4
# of Parcels
Assessed Value
% of Total
# of Parcels
Assessed Value
% of Total
1
Vacant Land
85
$10,053,800.00
0.45%
15A Public Schools
4
$63,832,800.00
40.35%
2
Residential
3,385
$1,905,504,100.00
86.22%
15B Other Schools
4
$14,194,800.00
8.97%
3A/3B Farm
0
$0.00
0.00%
15C Public Property
32
$21,800,500.00
13.78%
4A
Commercial
133
$211,255,500.00
9.56%
15D Church and Charities
8
$12,824,500.00
8.11%
4B
Industrial
19
$45,166,000.00
2.04%
15E Cemeteries & Graveyards
1
$225,500.00
0.14%
4C
Apartments
2
$37,024,000.00
1.68%
15F Other Exempt
21
$45,330,100.00
28.65%
5A/5B Railroad
1
$942,000.00
0.04%
6A/6B Business Personal Property
1
$100,000.00
0.00%
Total
3,626
$2,210,045,400.00
100.00%
Total
70
$158,208,200.00
100.00%
Average Ratio (%), Assessed to True Value
100.00%
Equalized Valuation, Taxable Properties
$2,210,045,400.00
Percentage of Exempt vs.
Non-Exempt Properties
7.16%
Total # of property tax appeals filed in 2023
County Tax Board
14.00
State Tax Court
4.00
Number of 2023 County Tax Board decisions appealed to Tax Court
0.00
Number of pending property tax appeals in State Tax Court
3.00
Amount paid out by municipality for tax appeals in 2023
$6,306.75
# 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, 2023 Value)
Property Tax Assessments - Exempt Properties (October 1, 2023 Value)
Sheet UFB-5
0.00
Prior Budget Year's Payments in Lieu of Tax (PILOT) - 5 Year Exemptions/Abatements
2023 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
2023 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2023 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2023 Total Tax Rate
Name
for data entry)
PILOT Billing
Assessed Value
2023 Total Tax Rate
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
Total Long Term Exemptions - Column Total
$0.00
$0.00
$0.00
Mark "X" if Grand Total
Total Long Term Exemptions - GRAND TOTAL
$0.00
$0.00
$0.00
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
7.00
131,258.00
$14,500.00
$0.00
$115,115.00
$0.00
$1,643.00
Supervisory Staff (Department Heads & Managers)
6.00
2.00
1,136,130.00
$831,794.00
$0.00
$115,115.00
$94,962.00
$94,259.00
Police Officers (Including Superior Officers)
22.00
0.00
4,281,841.00
$2,559,856.00
$240,000.00
$843,706.00
$348,197.00
$290,082.00
Fire Fighters (Including Superior Officers)
0.00
13.00
9,519.00
$8,550.00
$0.00
$0.00
$0.00
$969.00
All Other Union Employees not listed above
15.00
0.00
1,618,715.00
$987,692.00
$145,000.00
$136,691.00
$237,407.00
$111,925.00
All Other Non-Union Employees not listed above
11.00
52.00
1,364,794.00
$942,865.00
$10,500.00
$130,487.00
$174,097.00
$106,845.00
Totals
54.00
74.00
8,542,257.00
$5,345,257.00
$395,500.00
$1,341,114.00
$854,663.00
$605,723.00
Is the Local Government required to comply with N.J.S.A. 11A (Civil Service)? - YES or NO
YES
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
21.00
$17,470.00
$366,870.00
22.00
$14,325.00
$315,150.00
Parent & Child
2.00
$27,576.00
$55,152.00
3.00
$25,642.00
$76,926.00
Employee & Spouse (or Partner)
6.00
$29,969.00
$179,814.00
7.00
$28,650.00
$200,550.00
Family
13.00
$42,700.00
$555,100.00
13.00
$39,967.00
$519,571.00
Employee Cost Sharing Contribution (enter as negative - )
($302,273.00)
($256,099.00)
Subtotal
42.00
$854,663.00
45.00
$856,098.00
Elected Officials - Health Benefits - Annual Cost
Single Coverage
$0.00
$0.00
Parent & Child
$0.00
$0.00
Employee & Spouse (or Partner)
$0.00
$0.00
Family
$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
$0.00
$0.00
Parent & Child
$0.00
$0.00
Employee & Spouse (or Partner)
$0.00
$0.00
Family
$0.00
$0.00
Employee Cost Sharing Contribution (enter as negative - )
Subtotal
0.00
$0.00
0.00
$0.00
GRAND TOTAL
42.00
$854,663.00
45.00
$856,098.00
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
("X" applicable items)
Bargaining Unit or Non-Union Position Eligible for Benefit
(List Non-Union Employees by Individual Position Rather
Than Each Named Individual)
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Approved
Labor
Agreement
Local
Ordinance
Individual
Employment
Agreement
Union
- PBA
2,145.00
$437,277.00
30.00
$13,678.00
-
$0.00
-
$0.00
-
$0.00
X
- Public Works Association
93.00
$25,857.00
160.00
$45,708.00
-
$0.00
-
$0.00
-
$0.00
X
Non-Union
- Administration/Clerk
-
$0.00
15.00
$4,352.00
-
$0.00
-
$0.00
-
$0.00
X
X
- Assessor
-
$0.00
5.00
$2,618.00
-
$0.00
-
$0.00
-
$0.00
X
- Planning/Zoning
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
X
- Court
-
$0.00
5.00
$1,809.00
-
$0.00
-
$0.00
-
$0.00
X
- Building
-
$0.00
45.00
$16,135.00
-
$0.00
-
$0.00
-
$0.00
X
- Tax/Finance
-
$0.00
40.00
$18,854.00
-
$0.00
-
$0.00
-
$0.00
X
- Dispatchers
-
$0.00
7.00
$1,019.00
-
$0.00
-
$0.00
-
$0.00
X
- Crossing Guards
-
$0.00
5.00
$863.00
-
$0.00
-
$0.00
-
$0.00
X
- DPW/Water
-
$0.00
21.00
$10,525.00
-
$0.00
-
$0.00
-
$0.00
X
- Police
65
$50,969.00
2.00
$1,521.00
-
$0.00
-
$0.00
-
$0.00
X
TOTALS (THIS PAGE ONLY)
2,303.00
$514,103.00
335.00
$117,082.00
-
$0.00
-
$0.00
-
$0.00
UFB-9 Accumulated Absence Liability
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Sick Time
Vacation Time
Compensatory Time
Personal Time
Other
Legal basis for benefit
("X" applicable items)
Bargaining Unit or Non-Union Position Eligible for Benefit
(List Non-Union Employees by Individual Position Rather
Than Each Named Individual)
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Approved
Labor
Agreement
Local
Ordinance
Individual
Employment
Agreement
TOTALS (THIS PAGE ONLY)
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
UFB-9 Accumulated Absence Liability (2)
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Sick Time
Vacation Time
Compensatory Time
Personal Time
Other
Legal basis for benefit
("X" applicable items)
Bargaining Unit or Non-Union Position Eligible for Benefit
(List Non-Union Employees by Individual Position Rather
Than Each Named Individual)
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Approved
Labor
Agreement
Local
Ordinance
Individual
Employment
Agreement
TOTALS (THIS PAGE ONLY)
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
UFB-9 Accumulated Absence Liability (3)
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Sick Time
Vacation Time
Compensatory Time
Personal Time
Other
Legal basis for benefit
("X" applicable items)
Bargaining Unit or Non-Union Position Eligible for Benefit
(List Non-Union Employees by Individual Position Rather
Than Each Named Individual)
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Gross Days of
Accumulated
Absence
Dollar Value of
Compensated Absences
Approved
Labor
Agreement
Local
Ordinance
Individual
Employment
Agreement
TOTALS (ALL PAGES)
2,303.00
$514,103.00
335.00
$117,082.00
-
$0.00
-
$0.00
-
$0.00
Total Funds Reserved as of end of 2023:
Total Employees subject to accumulated absence restrictions of P.L. 2007, c. 92:
Total Funds Appropriated in 2024:
Total Employees subject to accumulated absence restrictions of P.L. 2010, c. 3:
UFB-9 Accumulated Absence Liability (4)
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Sick Time
Vacation Time
Compensatory Time
Personal Time
Other
Gross
Net
Current Year
2025
2026
All Additional Future
Debt
Deductions
Debt
Budget
Budget
Budget
Years' Budgets
Local School Debt
$29,580,000.00
$29,580,000.00
$0.00
Utility Fund - Principal
$160,000.00
$160,000.00
$160,000.00
$420,000.00
Regional School Debt
$0.00
$0.00
Utility Fund - Interest
$108,715.00
$13,815.00
$11,315.00
$20,760.00
Bond Anticipation Notes - Principal
$0.00
Utility Fund Debt
Bond Anticipation Notes - Interest
$212,350.00
Water
$9,053,210.00
$9,053,210.00
$0.00
Bonds - Principal
$1,145,000.00
$1,145,000.00
$1,143,000.00
$2,478,000.00
$0.00
Bonds - Interest
$99,497.50
$88,635.00
$70,885.00
$121,740.00
$0.00
Loans & Other Debt - Principal
$84,401.53
$87,951.54
$86,251.53
$332,271.86
$0.00
Loans & Other Debt - Interest
$0.00
$0.00
$0.00
$0.00
$0.00
Total
$1,809,964.03
$1,495,401.54
$1,471,451.53
$3,372,771.86
Municipal Purposes
Debt Authorized (BNI)
$2,200,602.00
$34,536.00
$2,166,066.00
Total Principal
$1,389,401.53
$1,392,951.54
$1,389,251.53
$3,230,271.86
Notes Outstanding
$4,247,000.00
$4,247,000.00
Total Interest
$420,562.50
$102,450.00
$82,200.00
$142,500.00
Bonds Outstanding
$5,911,000.00
$5,911,000.00
% of Total Current Year Budget
8.78%
Loans and Other Debt
$61,989.00
$61,989.00
Description
Total (Current Year)
$51,053,801.00
$38,667,746.00
$12,386,055.00
Total Guarantees - Governmental
Total Guarantees - Other
Total Capital/Equipment Leases
Population (2020 census)
10,058
Total Other
Per Capita Gross Debt
$5,075.94
Bond Rating
Moody's
Standard & Poors
Fitch
Per Capita Net Debt
$1,231.46
Rating
Aa2
Year of Last Rating
2020
3 Year Average Property Valuation
$1,957,144,923.00
Mark "X" if Municipality has no bond rating
Net Debt as % of 3 Year Average Property Valuation
0.63%
Sheet UFB-10
USER FRIENDLY BUDGET SECTION - OUTSTANDING DEBT; PER CAPITA AND BUDGET IMPACT
Debt Not Listed Above
Lead or
Recipient
Agency
Agency Type
Agency Providing Services To/Receiving Services From
Department
Type of Shared Service
Notes (Enter more specifics if needed)
Begin Date
End Date
Amount to be
Received/Paid
Lead
Municipality
Waldwick Board of Education
Sports Field Utilization
Recipient
Municipality
Borough of Ridgewood
911 Answering Service
Recipient
Municipality
Borough of Ridgewood
Video Arrangement
Lead
Municipality
Allendale, Hohokus, Midland Park, Ramsey,
Ridgewood
Police Training Facility
Recipient
County
Bergen County
Reverse 911
Recipient
School District
Waldwick Board of Education
Vehicle Fueling Station
Lead
Municipality
Borough of Hohokus
Hot Patch Equipment
Lead
School District
Waldwick Board of Education, Borough of
Allendale
Lightning Detection System
Recipient
Municipality
Borough of Allendale
Salt Shed Storage
Recipient
Municipality
Ramsey Co-Op
Road Resurfacing
Recipient
Municipality
Cranford Co-Op
Police Vehicles
Recipient
Authority
Northwest Bergen Sewer Authority
Sewer Pump Station Maintenance
Lead
School District
Waldwick Board of Education
Garbage & Recycling Collection
Lead
County
Bergen County
Snow Plowing
Lead
Municipality
Borough of Midland Park
Muncipal Pool
Recipient
Municipality
Borough of Midland Park
Recreation Services
Recipient
Authority
Bergen County Joint Insurance Fund
Joint Insurance Fund
Recipient
Authority
Northwest Bergen Regional Health
Health Services
Recipient
County
Bergen County Utilities Authority
Garbage Tipping Fees
Recipient
Municipality
Borough of Ramsey
Equipment Sharing
Lead
School District
Waldwick Board of Education
Equipment Sharing
Amount Received Page Total
$0.00
Amount Paid Page Total
$0.00
Page Total
$0.00
USER FRIENDLY BUDGET SECTION - SHARED SERVICES PROVIDED AND RECEIVED
Sheet UFB-11
Lead or
Recipient
Agency
Agency Type
Providing Services To/Receiving Services From
Department
Type of Shared Service
Notes (Enter more specifics if needed)
Begin Date
End Date
Amount to be
Received/Paid
Amount Received Total
$0.00
Amount Paid Total
$0.00
Total
$0.00
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
(Press ALT-Enter to go to a new line in each cell)
USER FRIENDLY BUDGET SECTION - Notes
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Timeline
First Discovered
Apr 3, 2026
Last Info Update
Apr 4, 2026
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