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Executive Summary
The document is the 2025 User Friendly Budget for the Municipality of Waldwick, New Jersey. It provides a detailed overview of the municipality's financial plan, including property tax breakdown, anticipated revenue summary, appropriations, outstanding debt, and shared services. The document also identifies potential structural budget imbalances, such as reliance on franchise fees, energy receipts tax, cell tower rental agreements, and non-recurring revenue sources.
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Document Text
--- Document: 2025 User Friendly Budget Document ---
Year:
2025 Municipal User Friendly Budget
MUNICIPALITY:
2
Government Type:
3
Municode: 0264
Filename: 0264_fba_2025.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
Cert. Number
Colleen
Ennis
N-0520
Municipal Clerk
Kelley
Halewicz
Registered Municipal Accountant
Gary
Vinci
Governing Body Members
First Name
Middle Name
Last Name
Term Expires
Business Email
Michele
Weber
12/31/2025
Andrew
Brennecke
12/31/2026
Joseph
Martinello
12/31/2026
Mark
Ramundo
12/31/2027
Kathleen
Cericola
12/31/2027
Michael
Ritchie
12/31/2027
gvinci@lvhcpa.com
90
www.waldwicknj.gov
63 Franklin Turnpike
tgiordano@waldwicknj.gov
Local Government Services
State of New Jersey
khalewicz@waldwicknj.gov
mritchie@waldwicknj.gov
kcericola@waldwicknj.gov
mramundo@waldwicknj.gov
jmartinello@waldwicknj.gov
abrennecke@waldwicknj.gov
mweber@waldwicknj.gov
cennis@waldwicknj.gov
sneale@waldwicknj.gov
Calendar Year
Calendar Year
% of
Avg Residential
Taxes
Actual/Estimated
Tax Levy
Tax Rate
Tax Levy
Total Levy
Taxpayer Impact
Municipal Purpose Tax
0.403
$8,919,578.00
18.24%
$1,710.20
Municipal Purpose Tax
ACTUAL
$9,217,026.00
Municipal Library
0.032
$700,328.00
1.43%
$135.80
Municipal Library
ACTUAL
$778,234.00
Municipal Open Space
0.004
$82,075.00
0.17%
$16.97
Municipal Open Space
ACTUAL
$110,604.00
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
1.547
$34,169,266.00
69.88%
$6,564.97
Local School District
ACTUAL
$35,708,240.00
Regional School District
0.000
$0.00
0.00%
$0.00
Regional School District
County Purposes
0.218
$4,809,835.62
9.84%
$925.12
County Purposes
ESTIMATED
$5,050,327.00
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
0.010
$216,241.02
0.44%
$42.44
County Open Space
ESTIMATED
$227,053.00
Other County Levies (total)
0.000
0.00%
$0.00
Other County Levies (total)
$0.00
Total (Calendar Year 2024 Budget)
2.214
$48,897,323.64
100.00%
$9,395.51
Total ESTIMATED amount to be raised by taxes
$51,091,484.00
Total Taxable Valuation as of
October 1, 2024
$2,212,081,200.00
Revenue Anticipated, Excluding Tax Levy
7,287,741.00
(To be used to calculate the current year tax rate)
Budget Appropriations, before Reserve for Uncollected Taxes
16,305,786.00
Current Year (2025) Average Residential Assessment
$564,735.00
Total Non-Municipal Tax Levy
$41,096,224.00
Prior Year (2024) Average Residential Assessment
$424,368.00
Amount to be Raised by Taxes - Before RUT
$50,114,269.00
Reserve for Uncollected Taxes (RUT)
$977,215.00
Prior Year to Current Year Comparison
Total Amount to be Raised by Taxes
$51,091,484.00
Comparison - Municipal Purposes Tax Rate
Prior Year
Current Year
% Change (+/-)
% of Tax Collections used to Calculate RUT
98.08%
0.403
0.417
3.47%
If % used exceeds the actual collection % then
Comparison - Municipal Purposes Tax Levy
reference the statutory exception used
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
$8,919,578.00
$9,217,026.00
3.33%
$297,448.00
Tax Collections - ACTUAL as of Prior Year
Total Tax Revenue, Collections CY 2024
48,498,130.00
Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only)Total Tax Levy, CY 2024
48,938,692.00
Prior Year
Current Year
% Change (+/-)
$ Change (+/-)
% of Taxes Collected, CY 2024
99.10%
$1,710.20
$2,354.94
37.70%
$644.74
Delinquent Taxes - December 31, 2024
$346,078.00
Sheet UFB-1
USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN
Current Year 2025 Budget
2024 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
27.87%
$679,809.00
$2,439,071.00
$3,118,880.00
$2,526,594.00
$592,286.00
08
Local Revenue
13.39%
$322,968.00
$2,412,032.00
$2,735,000.00
$832,000.00
$1,903,000.00
09
State Aid (without offsetting appropriation)
-9.34%
($257,489.00)
$2,755,526.00
$2,498,037.00
$2,498,037.00
08
Uniform Construction Code Fees
-11.48%
($29,192.00)
$254,192.00
$225,000.00
$225,000.00
Special Revenue Items w/ Prior Written Consent
11
Shared Services Agreements
-2.79%
($1,940.00)
$69,612.00
$67,672.00
$67,672.00
08
Additional Revenue Offset by Appropriations
#DIV/0!
$0.00
$0.00
$0.00
$0.00
10
Public and Private Revenue
-93.03%
($1,160,806.00)
$1,247,810.00
$87,004.00
$87,004.00
08
Other Special Items
3.92%
$26,586.00
$678,848.00
$705,434.00
$705,434.00
15
Receipts from Delinquent Taxes
47.18%
$110,912.00
$235,088.00
$346,000.00
$346,000.00
Amount to be raised by taxation
07
Local Tax for Municipal Purposes
3.33%
$297,448.00
$8,919,578.00
$9,217,026.00
$9,217,026.00
07
Minimum Library Tax
11.12%
$77,906.00
$700,328.00
$778,234.00
$778,234.00
54
Open Space Levy Tax
34.27%
$28,232.00
$82,372.00
$110,604.00
$0.00
$110,604.00
56
Arts and Cultural Levy Tax
#DIV/0!
$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
08
Deficit General Budget
#DIV/0!
$0.00
$0.00
$0.00
$0.00
Total
0.48%
$94,434.00
$19,794,457.00
$19,888,891.00
$17,283,001.00
$110,604.00
$0.00
$2,495,286.00
$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
8.56%
$87,891.00
$1,026,274.00
$1,114,165.00
$1,114,165.00
21
Land-Use Administration
0.00
2.00
14.12%
$6,762.00
$47,888.00
$54,650.00
$54,650.00
22
Uniform Construction Code
2.00
3.00
1.02%
$2,573.00
$252,967.00
$255,540.00
$255,540.00
23
Insurance
0.00
0.00
1.34%
$17,779.00
$1,325,614.00
$1,343,393.00
$1,343,393.00
25
Public Safety
27.00
35.00
3.09%
$105,938.00
$3,431,059.00
$3,536,997.00
$3,533,474.00
$3,523.00
26
Public Works
17.00
0.00
10.84%
$399,579.00
$3,685,752.00
$4,085,331.00
$2,327,500.00
$37,149.00
$1,720,682.00
27
Health and Human Services
0.00
0.00
21.72%
$27,977.00
$128,819.00
$156,796.00
$112,325.00
$44,471.00
28
Parks and Recreation
0.00
21.00
21.59%
$57,406.00
$265,948.00
$323,354.00
$212,750.00
$110,604.00
29
Education (including Library)
0.00
0.00
11.21%
$78,506.00
$700,328.00
$778,834.00
$778,834.00
30
Unclassified
0.00
0.00
-37.04%
($5,000.00)
$13,500.00
$8,500.00
$8,500.00
31
Utilities and Bulk Purchases
0.00
0.00
10.65%
$249,336.00
$2,341,502.00
$2,590,838.00
$2,590,838.00
32
Landfill / Solid Waste Disposal
0.00
0.00
9.34%
$30,750.00
$329,250.00
$360,000.00
$360,000.00
35
Contingency
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
36
Statutory Expenditures
0.00
0.00
4.19%
$69,353.00
$1,655,721.00
$1,725,074.00
$1,567,803.00
$157,271.00
37
Judgements
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
42
Shared Services
0.00
0.00
5.74%
$3,672.00
$64,000.00
$67,672.00
$67,672.00
43
Court and Public Defender
0.00
0.00
4.75%
$4,697.00
$98,964.00
$103,661.00
$101,800.00
$1,861.00
44
Capital
0.00
0.00
-86.66%
($1,357,690.00)
$1,566,690.00
$209,000.00
$101,000.00
$108,000.00
45
Debt
0.00
0.00
21.43%
$387,905.00
$1,809,966.00
$2,197,871.00
$1,688,538.00
$509,333.00
46
Deferred Charges
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
48
Debt - Type 1 School District
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
50
Reserve for Uncollected Taxes
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
55
Surplus General Budget
0.00
0.00
#DIV/0!
$0.00
$0.00
$0.00
$0.00
$0.00
Total
54.00
71.00
0.89%
$167,434.00
$18,744,242.00
$18,911,676.00
$16,218,782.00
$87,004.00
$110,604.00
$0.00
$2,495,286.00
$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
$140,000.00 Subject to market conditions
X
CMPTRA/Energy Receipts Tax
$2,498,037.00 Subject to the discretion of the State to fund Local Municipalities
X
Cell Tower Rental Agreements
$333,000.00 Subject to potential mergers and new technology
X
Tax Appeal Settlement Agreement
$22,577.00 Agreement is only for 2024 & 2025
X
Forfeited Tax Sale Premium
$59,600.00 Non-recurring revenue
Sheet UFB-4
# of Parcels
Assessed Value
% of Total
# of Parcels
Assessed Value
% of Total
1
Vacant Land
86
$10,650,700.00
0.48%
15A Public Schools
4
$63,832,800.00
39.85%
2
Residential
3,383
$1,910,498,400.00
86.37%
15B Other Schools
4
$14,194,800.00
8.86%
3A/3B Farm
0.00%
15C Public Property
32
$21,800,500.00
13.61%
4A
Commercial
132
$208,758,300.00
9.44%
15D Church and Charities
8
$12,824,500.00
8.01%
4B
Industrial
19
$45,166,000.00
2.04%
15E Cemeteries & Graveyards
1
$225,500.00
0.14%
4C
Apartments
2
$36,907,800.00
1.67%
15F Other Exempt
24
$47,323,700.00
29.54%
5A/5B Railroad
0.00%
6A/6B Business Personal Property
0.00%
Total
3,622
$2,211,981,200.00
100.00%
Total
73
$160,201,800.00
100.00%
Average Ratio (%), Assessed to True Value
94.62%
Equalized Valuation, Taxable Properties
$2,337,752,272.25
Percentage of Exempt vs.
Non-Exempt Properties
7.24%
Total # of property tax appeals filed in 2024
County Tax Board
40.00
State Tax Court
7.00
Number of 2024 County Tax Board decisions appealed to Tax Court
10.00
Number of pending property tax appeals in State Tax Court
10.00
Amount paid out by municipality for tax appeals in 2024
$15,994.88
# 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, 2024 Value)
Property Tax Assessments - Exempt Properties (October 1, 2024 Value)
Sheet UFB-5
0.00
Prior Budget Year's Payments in Lieu of Tax (PILOT) - 5 Year Exemptions/Abatements
2024 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
Project
(use drop-down
Agreement
Agreement
In Full
Project
(use drop-down
Agreement
Agreement
In Full
Project
(use drop-down
Agreement
Agreement
In Full
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 Total Tax Rate
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 Total Tax Rate
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 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
Mark "X" if Grand Total
Total Long Term Exemptions - PAGE TOTAL
$0.00
$0.00
$0.00
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
Type of Project
Taxes if Billed
Type of Project
Taxes if Billed
Type of Project
Taxes if Billed
Project
(use drop-down
Agreement
Agreement
In Full
Project
(use drop-down
Agreement
Agreement
In Full
Project
(use drop-down
Agreement
Agreement
In Full
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 Total Tax Rate
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 Total Tax Rate
Name
for data entry)
Start Date
End Date
PILOT Billing
Assessed Value
2024 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 - GRAND TOTAL (All Pages)
$0.00
$0.00
$0.00
Prior Budget Year's Payments in Lieu of Tax (PILOT) - Long Term Tax Exemptions
Sheet UFB-6 (2)
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
16,143.00
$14,500.00
$0.00
$0.00
$0.00
$1,643.00
Supervisory Staff (Department Heads & Managers)
6.00
2.00
1,193,698.00
$878,528.00
$0.00
$109,143.00
$106,490.00
$99,537.00
Police Officers (Including Superior Officers)
22.00
0.00
4,386,483.00
$2,560,351.00
$240,000.00
$899,124.00
$396,920.00
$290,088.00
Fire Fighters (Including Superior Officers)
0.00
13.00
9,899.00
$8,892.00
$0.00
$0.00
$0.00
$1,007.00
All Other Union Employees not listed above
15.00
0.00
1,734,983.00
$1,042,542.00
$173,000.00
$130,256.00
$271,065.00
$118,120.00
All Other Non-Union Employees not listed above
11.00
49.00
1,374,280.00
$954,117.00
$0.00
$118,447.00
$193,615.00
$108,101.00
Totals
54.00
71.00
8,715,486.00
$5,458,930.00
$413,000.00
$1,256,970.00
$968,090.00
$618,496.00
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
16.00
$16,991.00
$271,856.00
21.00
$17,470.00
$366,870.00
Parent & Child
4.00
$31,782.00
$127,128.00
2.00
$27,576.00
$55,152.00
Employee & Spouse (or Partner)
5.00
$33,806.00
$169,030.00
6.00
$29,969.00
$179,814.00
Family
19.00
$46,931.00
$891,689.00
13.00
$42,700.00
$555,100.00
Employee Cost Sharing Contribution (enter as negative - )
($371,539.32)
($302,273.00)
Subtotal
44.00
$1,088,163.68
42.00
$854,663.00
Elected Officials - Health Benefits - Annual Cost
Single Coverage
0
$0.00
$0.00
0
$0.00
$0.00
Parent & Child
0
$0.00
$0.00
0
$0.00
$0.00
Employee & Spouse (or Partner)
0
$0.00
$0.00
0
$0.00
$0.00
Family
0
$0.00
$0.00
0
$0.00
$0.00
Employee Cost Sharing Contribution (enter as negative - )
$0.00
Subtotal
0.00
$0.00
0.00
$0.00
Retirees - Health Benefits - Annual Cost
Single Coverage
0
$0.00
$0.00
0
$0.00
$0.00
Parent & Child
0
$0.00
$0.00
0
$0.00
$0.00
Employee & Spouse (or Partner)
0
$0.00
$0.00
0
$0.00
$0.00
Family
0
$0.00
$0.00
0
$0.00
$0.00
Employee Cost Sharing Contribution (enter as negative - )
$0.00
$0.00
Subtotal
0.00
$0.00
0.00
$0.00
GRAND TOTAL
44.00
$1,088,163.68
42.00
$854,663.00
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 Union Employees Liabilities by Bargaining Unit and
Non-Union Employees by Individual Title Rather Than
Naming Each Individuals)
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
1,685.00
$482,410.00
40.00
$22,354.00
-
$0.00
-
$0.00
-
$0.00
X
- Public Works Association
65.00
$26,890.91
167.00
$51,643.00
-
$0.00
-
$0.00
-
$0.00
X
Non-Union
- Administration/Clerk
-
$0.00
35.00
$1,395.00
-
$0.00
-
$0.00
-
$0.00
X
X
- Assessor
-
$0.00
6.00
$791.00
-
$0.00
-
$0.00
-
$0.00
X
- Planning/Zoning
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
X
- Court
-
$0.00
6.50
$2,043.00
-
$0.00
-
$0.00
-
$0.00
X
- Building
-
$0.00
38.00
$13,227.00
-
$0.00
-
$0.00
-
$0.00
X
- Tax/Finance
-
$0.00
45.00
$20,630.00
-
$0.00
-
$0.00
-
$0.00
X
- Dispatchers
-
$0.00
3.00
$712.00
-
$0.00
-
$0.00
-
$0.00
X
- Crossing Guards
-
$0.00
-
$0.00
-
$0.00
-
$0.00
-
$0.00
X
- DPW/Water
-
$0.00
24.00
$13,370.00
-
$0.00
-
$0.00
-
$0.00
X
- Police
65.00
1.00
$776.00
-
$0.00
-
$0.00
-
$0.00
X
TOTALS (THIS PAGE ONLY)
1,815.00
$509,300.91
365.50
$126,941.00
-
$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 Union Employees Liabilities by Bargaining Unit and
Non-Union Employees by Individual Title Rather Than
Naming Each Individuals)
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 Union Employees Liabilities by Bargaining Unit and
Non-Union Employees by Individual Title Rather Than
Naming Each Individuals)
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 Union Employees Liabilities by Bargaining Unit and
Non-Union Employees by Individual Title Rather Than
Naming Each Individuals)
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 (4)
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 Union Employees Liabilities by Bargaining Unit and
Non-Union Employees by Individual Title Rather Than
Naming Each Individuals)
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)
1,815.00
$509,300.91
365.50
$126,941.00
-
$0.00
-
$0.00
-
$0.00
Total Funds Reserved as of end of 2024:
$203,356.86
Total Employees subject to accumulated absence restrictions of P.L. 2007, c. 92:
Total Funds Appropriated in 2025:
$0.00
Total Employees subject to accumulated absence restrictions of P.L. 2010, c. 3:
UFB-9 Accumulated Absence Liability (5)
USER FRIENDLY BUDGET SECTION
ACCUMULATED ABSENCE LIABILITY
Sick Time
Vacation Time
Compensatory Time
Personal Time
Other
Gross
Net
Current Year
2026
2027
All Additional Future
Debt
Deductions
Debt
Budget
Budget
Budget
Years' Budgets
Local School Debt
$28,585,000.00
$28,585,000.00
$0.00
Utility Fund - Principal
$174,500.00
$159,000.00
$105,000.00
$312,000.00
Regional School Debt
$0.00
$0.00
$0.00
Utility Fund - Interest
$13,107.00
$11,315.00
$8,340.00
$12,420.00
Bond Anticipation Notes - Principal
$125,200.00
Utility Fund Debt
Bond Anticipation Notes - Interest
$318,240.00
Water
$9,239,769.00
$9,239,769.00
$0.00
Bonds - Principal
$1,145,000.00
$1,143,000.00
$650,000.00
$1,828,000.00
$0.00
Bonds - Interest
$88,635.00
$70,885.00
$49,560.00
$72,180.00
$0.00
Loans & Other Debt - Principal
$74,974.00
$75,197.00
$75,435.00
$235,332.00
$0.00
Loans & Other Debt - Interest
$12,804.00
$10,832.00
$8,843.00
$13,715.00
$0.00
Total
$1,952,460.00
$1,470,229.00
$897,178.00
$2,473,647.00
Municipal Purposes
Debt Authorized (BNI)
$2,468,597.00
$45,257.00
$2,423,340.00
Total Principal
$1,519,674.00
$1,377,197.00
$830,435.00
$2,375,332.00
Notes Outstanding
$7,955,890.00
$7,955,890.00
Total Interest
$432,786.00
$93,032.00
$66,743.00
$98,315.00
Bonds Outstanding
$4,766,000.00
$4,766,000.00
% of Total Current Year Budget
10.32%
Loans and Other Debt
$52,038.00
$52,038.00
Description
Total (Current Year)
$53,067,294.00
$37,870,026.00
$15,197,268.00
Total Guarantees - Governmental
$0.00
$0.00
$0.00
$0.00
Total Guarantees - Other
$0.00
$0.00
$0.00
$0.00
Total Capital/Equipment Leases
$0.00
$0.00
$0.00
$0.00
Population (2020 census)
10,058
Total Other
$0.00
$0.00
$0.00
$0.00
Per Capita Gross Debt
$5,276.13
Bond Rating
Moody's
Standard & Poors
Fitch
Per Capita Net Debt
$1,510.96
Rating
Aa2
-
-
Year of Last Rating
2020
-
-
3 Year Average Property Valuation
$2,125,808,949.33
Mark "X" if Municipality has no bond rating
Net Debt as % of 3 Year Average Property Valuation
0.71%
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
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
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 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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First Discovered
Apr 3, 2026
Last Info Update
Apr 3, 2026
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