BUDGET - 2017

Local Government Services State of New Jersey

Year:

2017 Municipal User Friendly Budget

1020 Milford Borough - County of Hunterdon

Adopted

MUNICIPALITY:

289

2

Municode: 1020

Filename: 1020_fba_2017.xlsm

Website: Phone Number: Mailing Address:

www.milford-nj.us

908-995-4323

PO Box 507

Municipality: Milford

State: NJ Zip: 08848

Email the UFB if not using Outlook

Mayor

First Name

Middle Name

Last Name

Term Expires

Business Email

Ronald

R. Rehl

12/31/2019

rehlmilfordboro@gmail.com

Chief Administrative Officer

Ronald

R. Rehl Chief Financial Officer

rehlmilfordboro@gmail.com

Dawn

Merante

milfordcfo@gmail.com

Municipal Clerk

Karen

A. Dysart Registered Municipal Accountant

milfordclerk@gmail.com

Thomas

M. Ferry Governing Body Members

tomcparma@verizon.net

First Name

Middle Name

Last Name

Term Expires

Business Email

Carole Henry

A. R.

Heller

12/31/2017 12/31/2018 12/31/2018 12/31/2019 12/31/2017 12/31/2019

milfordclerk@gmail.com

Scheppens

milfordclerk@gmail.com

Elisa

Yager Sniffin White

milfordclerk@gmail.com

George Robert Noralie

A.

milfordclerk@gmail.com

milfordclerk@gmail.com

LaFevre

milfordclerk@gmail.com

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

2016 Calendar Year Property Tax Levies - ALL entities levying property taxes

Current Year 2017 Budget

Calendar Year

Calendar Year

% of

Avg Residential

Taxes

Actual/Estimated

Tax Levy

Tax Rate

Tax Levy

Total Levy Taxpayer Impact

Municipal Purpose Tax

0.682 0.034 0.000 0.000 0.000 1.647 0.668 0.327 0.000 0.000 0.032 0.000

$787,239.00

20.12% 1.00% 0.00% 0.00% 0.00% 48.59% 19.69% 9.66% 0.00% 0.00% 0.94% 0.00%

$1,597.50 Municipal Purpose Tax

ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL

$801,946.00

Municipal Library

$39,143.00

$79.64 Municipal Library

$38,822.00

Municipal Open Space

$0.00 $0.00 $0.00

$0.00 Municipal Open Space

$0.00 $0.00 $0.00

Fire Districts (avg. rate/total levies) Other Special Districts (total levies)

$0.00 Fire Districts (total levies)

$0.00 Other Special Districts (total levies)

Local School District

$1,901,163.00 $770,431.00 $378,172.98

$3,857.90 Local School District

$1,939,200.00 $785,850.00 $386,514.00

Regional School District

$1,564.71 Regional School District

County Purposes

$765.96 County Purposes

County Library

$0.00 $0.00

$0.00 County Library

$0.00 $0.00

County Board of Health

$0.00 County Board of Health

County Open Space

$36,821.29

$74.96 County Open Space

ESTIMATED

$36,821.00

Other County Levies (total)

$0.00

$0.00 Other County Levies (total)

ACTUAL

$0.00

Total (Calendar Year 2016 Budget)

3.390

$3,912,970.27

100.00% $7,940.67 Total ESTIMATED amount to be raised by taxes

$3,989,153.00

Total Taxable Valuation as of

October 1, 2016

$115,442,277.00

Revenue Anticipated, Excluding Tax Levy

578,382.00

(To be used to calculate the current year tax rate)

Budget Appropriations, before Reserve for Uncollected Taxes

1,299,475.00 $3,148,385.00

Current Year Average Residential Assessment

$234,238.00

Total Non-Municipal Tax Levy

Amount to be Raised by Taxes - Before RUT Reserve for Uncollected Taxes (RUT) Total Amount to be Raised by Taxes

$3,869,478.00

Prior Year to Current Year Comparison

$85,021.74

$3,954,499.74

Comparison - Municipal Purposes Tax Rate Prior Year Current Year

% Change (+/-)

% of Tax Collections used to Calculate RUT

97.85%

0.682

0.696

2.10%

If % used exceeds the actual collection % then

reference the statutory exception used

Comparison - Municipal Purposes Tax Levy

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

$787,239.00

$801,946.00

1.87% $14,707.00

Tax Collections - ACTUAL as of Prior Year Total Tax Revenue, Collections CY 2016

3,829,344.99 3,913,493.19

Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only) Total Tax Levy, CY 2016

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

% of Taxes Collected, CY 2016

97.85%

$1,597.50

$1,631.00

2.10%

$33.50

Delinquent Taxes - December 31, 2016

$84,506.56

Sheet UFB-1

USER FRIENDLY BUDGET SECTION - ANTICIPATED REVENUE SUMMARY (ALL OPERATING FUNDS)

General

Open Space

% Difference Current vs. Prior Year

$ Difference Current vs. Prior Year

Total Realized Revenue (Prior Year)

Total Anticipated Revenue (Current Year)

FCOA

Budget

Budget

Utility

Utility

Utility

Utility

Utility

Utility

08 Surplus

0.00%

($1.00)

$155,801.00 $34,325.00 $286,235.00

$155,800.00 $30,900.00 $286,235.00

$155,800.00 $30,900.00 $286,235.00

08 Local Revenue

-9.98% ($3,425.00)

09 State Aid (without offsetting appropriation)

0.00%

$0.00 $0.00

08 Uniform Construction Code Fees

#DIV/0!

$0.00

$0.00

$0.00

Special Revenue Items w/ Prior Written Consent

11 Shared Services Agreements

#DIV/0! #DIV/0! #DIV/0!

$0.00

$0.00 $0.00 $0.00

$0.00

$0.00

08 Additional Revenue Offset by Appropriations

$4,214.00

$4,214.00

$4,214.00

10 Public and Private Revenue

$0.00

$0.00

$0.00

08 Other Special Items

354.97% $23,073.00 -37.23% ($42,500.00)

$6,500.00

$29,573.00 $71,660.00

$29,573.00 $71,660.00

15 Receipts from Delinquent Taxes Amount to be raised by taxation 07 Local Tax for Municipal Purposes

$114,160.00

1.87% $14,707.00

$787,239.00 $39,143.00

$801,946.00 $38,822.00

$801,946.00 $38,822.00

07 Minimum Library Tax 54 Open Space Levy Tax

-0.82%

($321.00)

#DIV/0! #DIV/0! #DIV/0!

$0.00 $0.00 $0.00

$0.00 $0.00 $0.00

$0.00 $0.00 $0.00

$0.00 $0.00 $0.00

07 Addition to Local District School Tax

08 Deficit General Budget

Total

-0.30% ($4,253.00)

$1,423,403.00

$1,419,150.00

$1,419,150.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Sheet UFB-2

USER FRIENDLY BUDGET SECTION - APPROPRIATIONS SUMMARY (ALL OPERATING FUNDS)

Full-Time Part-Time Budgeted Positions

General Budget

Public&Private

Open Space

Total Modified Appropriation for Service Type (Prior Year)

Total Appropriation for Service Type (Current Year)

FCOA

Offsets

Budget

Utility

Utility

Utility

Utility

Utility

Utility

% Difference Current v. Prior Year

$ Difference Current v. Prior Year

20 General Government 21 Land-Use Administration 22 Uniform Construction Code

1.00

7.00 2.00

5.61% $6,000.00 35.64% $5,622.00

$107,000.00 $15,775.00

$113,000.00 $21,397.00

$113,000.00 $21,397.00

#DIV/0!

$0.00

$0.00

$0.00

$0.00

23 Insurance

-1.23% ($2,827.00) 8.06% $9,493.00 1.83% $2,000.00

$230,125.00 $117,784.00 $109,000.00 $2,500.00 $48,000.00 $184,130.00 $33,527.00 $101,000.00 $0.00

$227,298.00 $127,277.00 $111,000.00 $2,500.00 $2,500.00 $50,000.00 $129,251.00 $33,337.00 $105,214.00

$227,298.00 $127,277.00 $111,000.00 $2,500.00 $2,500.00 $50,000.00 $129,251.00 $33,337.00 $105,214.00

25 Public Safety 26 Public Works

4.00 2.00

2.00

27 Health and Human Services

#DIV/0!

$2,500.00

28 Parks and Recreation

0.00%

$0.00

29 Education (including Library)

1.00

3.00 3.00

4.17% $2,000.00 -29.80% ($54,879.00) -0.57% ($190.00) 4.17% $4,214.00

30 Unclassified

31 Utilities and Bulk Purchases 32 Landfill / Solid Waste Disposal

1.00

35 Contingency

#DIV/0!

$0.00

$0.00

$0.00

$0.00

36 Statutory Expenditures

-10.22% ($7,005.00)

$68,551.00

$61,546.00 $50,000.00

$61,546.00 $50,000.00

37 Judgements

#DIV/0! #DIV/0!

$50,000.00

$0.00 $0.00

42 Shared Services

$0.00 $0.00

$0.00

$0.00

43 Court and Public Defender

4.00

0.00%

$24,000.00 $156,000.00

$24,000.00 $171,000.00 $70,155.00

$24,000.00 $171,000.00 $70,155.00

44 Capital 45 Debt

9.62% $15,000.00

#DIV/0!

$70,155.00

$0.00

46 Deferred Charges

-100.00% ($89,361.00)

$89,361.00

$0.00 $0.00

$0.00 $0.00

48 Debt - Type 1 School District 50 Reserve for Uncollected Taxes

#DIV/0!

$0.00

$0.00

-9.67% ($12,815.00)

$132,490.00

$119,675.00

$119,675.00

55 Surplus General Budget

#DIV/0!

$0.00

$0.00

$0.00

$0.00

Total

5.00 25.00

-0.01%

($93.00) $1,419,243.00

$1,419,150.00

$1,419,150.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

Sheet UFB-3

USER FRIENDLY BUDGET SECTION STRUCTURAL BUDGET IMBALANCES

Line Item. Put "X" in cell to the left that corresponds to the type of imbalance.

Amount

Comment/Explanation

reductions

Revenues at Risk

Structural Imbalance Offsets

Non-recurring appropriation

Future Year Appropriation Increases

X

Variable New Cell Tower---Additional Carriers

Sheet UFB-4

ASSESSED PROPERTY VALUATIONS - EXEMPT PROPERTY - PROPERTY TAX APPEAL DA Property Tax Assessments - Taxable Properties (October 1, 2016 Value) Property Tax Assessments - Exempt Properties

# of Parcels

Assessed Value

% of Total

# of Parcels

1 Vacant Land

62

$2,138,600.00

1.86% 15A Public Schools 81.68% 15B Other Schools 1.25% 15C Public Property 10.81% 15D Church and Charities 1.73% 15E Cemeteries & Graveyards

3 0

2 Residential

417

$94,080,271.00

3A/3B Farm

13 42

$1,440,700.00

21 10

4A Commercial

$12,447,070.00 $1,992,000.00 $2,900,000.00

4B Industrial

3 1 0 1

1 8

4C Apartments

2.52% 15F Other Exempt

5A/5B Railroad

$0.00

0.00% 0.16%

6A/6B Business Personal Property

$182,071.00

Total

539

$115,180,712.00

100.00%

Total

43

Average Ratio (%), Assessed to True Value

99.12%

Equalized Valuation, Taxable Properties

$116,203,301.05

Percentage of Exempt vs. Non-Exempt Properties

14.20%

Total # of property tax appeals filed in 2016

County Tax Board

5.00

State Tax Court

0.00

Number of 2016 County Tax Board decisions appealed to Tax Court

0.00

Number of pending property tax appeals in State Tax Court

0.00

Amount paid out by municipality for tax appeals in 2016

$0.00

Prior Budget Year's Payments in Lieu of Tax (PILOT) - 5 Year Exemptions/Abatements

# of

PILOT

2016 Total Tax Rate Taxes if Billed in Full

Parcels

Billing/Revenue

Assessed Value

G

0 0 0 0 0 0 0

Commercial/Industrial Exemption

I

Dwelling Exemption

J

Dwelling Abatement

K

New Dwelling/Conversion Exemption

L

New Dwelling/Conversion Abatement

N O

Multiple Dwelling Exemption

Multiple Dwelling Abatement

Total 5 Yr Exemptions/Abatements

0

0.00

0.00

0.00

Sheet UFB-5

EMPT PROPERTY - PROPERTY TAX APPEAL DATA

Property Tax Assessments - Exempt Properties (October 1, 2016 Value)

Assessed Value

% of Total

$883,800.00

5.41% 0.00% 56.95% 23.47%

$0.00

$9,312,000.00 $3,837,900.00

$344,100.00

2.10%

$1,973,300.00

12.07%

$16,351,100.00

100.00%

Sheet UFB-5

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

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

Type of Project (use drop-down for data entry)

Taxes if Billed

Type of Project (use drop-down

Taxes if Billed

Type of Project (use drop-down for data entry)

Taxes if Billed

Type of Project (use drop-down for data entry)

Taxes if Billed

Project

In Full

Project

In Full

Project

In Full

Project

In Full

Name

PILOT Billing Assessed Value 2016 Total Tax Rate

Name

for data entry) PILOT Billing Assessed Value 2016 Total Tax Rate

Name

PILOT Billing Assessed Value 2016 Total Tax Rate

Name

PILOT Billing Assessed Value 2016 Total Tax Rate

N/A

N/A

N/A

N/A

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

$0.00

$0.00

$0.00 Sheet UFB-6C

Mark "X" if Grand Total

Total Long Term Exemptions - GRAND TOTAL

Sheet UFB-6

USER FRIENDLY BUDGET SECTION BUDGETED PERSONNEL COSTS

# 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

1.00

23,816.00

$2,200.00

$0.00

$0.00

$21,453.00

$163.00

Supervisory Staff (Department Heads & Managers) Police Officers (Including Superior Officers) Fire Fighters (Including Superior Officers) All Other Union Employees not listed above All Other Non-Union Employees not listed above

0.00 0.00 0.00 0.00

4.00

1.00

380,503.00

$237,015.00

$4,000.00

$28,662.00

$91,644.00

$19,182.00

Totals

4.00

2.00 404,319.00

$239,215.00

$4,000.00

$28,662.00

$113,097.00

$19,345.00

NO

Is the Local Government required to comply with NJSA 11A (Civil Service)? - YES or NO

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.

Sheet UFB-7

USER FRIENDLY BUDGET SECTION - HEALTH BENEFITS

Current Year Annual Cost Estimate per Employee

Current Year # of Covered Members (Medical & Rx)

Prior Year # of Covered Members (Medical & Rx)

Prior Year Annual Cost per Employee (Average)

Total Current Year Cost

Total Prior Year Cost

Active Employees - Health Benefits - Annual Cost Single Coverage

2.00

$9,450.00

$18,900.00

1.00

$11,127.00

$11,127.00

Parent & Child

$0.00

$0.00

Employee & Spouse (or Partner)

1.00 2.00

$22,640.00 $31,158.00

$22,640.00 $62,316.00 ($14,621.00) $89,235.00

1.00 2.00

$22,254.00 $31,194.00

$22,254.00 $62,388.00

Family

Employee Cost Sharing Contribution (enter as negative - )

Subtotal

5.00

4.00

$95,769.00

Elected Officials - Health Benefits - Annual Cost Single Coverage

$0.00 $0.00

$0.00 $0.00

Parent & Child

Employee & Spouse (or Partner)

1

$22,232.00

$22,232.00

1

$22,254.00

$22,254.00

Family

$0.00

$0.00

Employee Cost Sharing Contribution (enter as negative - )

($778.00)

Subtotal

1.00

$21,454.00

1.00

$22,254.00

Retirees - Health Benefits - Annual Cost Single Coverage

1

$7,500.00

$7,500.00

1

$7,203.00

$7,203.00

Parent & Child

$0.00

$0.00

Employee & Spouse (or Partner)

2

$25,796.00

$51,592.00

3

$20,798.00

$62,394.00

Family

$0.00

$0.00

Employee Cost Sharing Contribution (enter as negative - ) Subtotal

3.00

$59,092.00

4.00

$69,597.00

9.00

$169,781.00

9.00

$187,620.00

GRAND TOTAL

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

Legal basis for benefit (check applicable items)

Gross Days of Accumulated Absence

Approved Labor Agreement

Individual Employment Agreement

Dollar Value of Compensated Absences

Local Ordinance

Organization/Individuals Eligible for Benefit

N/A

Totals

0.00

$0.00

Total Funds Reserved as of end of 2016 Total Funds Appropriated in 2017

UFB-9 Accumulated Absence Liability

USER FRIENDLY BUDGET SECTION - OUTSTANDING DEBT; PER CAPITA AND BUDGE

Gross

Net

Current Year

Debt

Deductions

Debt

Budget

Local School Debt

$285,000.00

$285,000.00

$0.00 Utility Fund - Principal

Regional School Debt

$77,911.00

$77,911.00

$0.00 Utility Fund - Interest

Bond Anticipation Notes - Principal

$80,920.00

Utility Fund Debt

Bond Anticipation Notes - Interest

$2,195.00

0

$4,404,979.00

$4,404,979.00

$0.00 Bonds - Principal

0

$1,781,150.00

$1,781,150.00

$0.00 Bonds - Interest

0

$0.00 Loans & Other Debt - Principal

$103,795.00

0

$0.00 Loans & Other Debt - Interest

$186,150.00

0

$0.00

0

$0.00 Total

$373,060.00

Municipal Purposes Debt Authorized

$0.00

$903,350.00

$903,350.00 Total Principal

$184,715.00

Notes Outstanding

$0.00 Total Interest

$188,345.00

Bonds Outstanding

$0.00 % of Total Current Year Budget

26.29%

Loans and Other Debt

$0.00

Description

$7,452,390.00

$6,549,040.00

$903,350.00 Total Guarantees - Governmental

Total (Current Year)

Total Guarantees - Other Total Capital/Equipment Leases

Population (2010 census)

Total Other

1,233

Bond Rating

Moody's

Per Capita Gross Debt

$6,044.11

Rating Year of Last Rating

$732.64

Per Capita Net Debt

3 Yr. Average Property Valuation

$114,417,675.00

Mark "X" if Municipality has no bond rating

Net Debt as % of 3 Year Avg Property Valuation

0.79%

Sheet UFB-10

STANDING DEBT; PER CAPITA AND BUDGET IMPACT

2018

2019

All Additional Future

Budget

Budget

Years' Budgets

$107,196.00

$110,715.00

$5,366,601.00

$175,941.00

$172,422.00

$2,904,210.00

$283,137.00

$283,137.00

$8,270,811.00

$107,196.00

$110,715.00

$5,366,601.00

$175,941.00

$172,422.00

$2,904,210.00

Debt Not Listed Above

Fitch

Standard & Poors

X

USER FRIENDLY BUDGET SECTION - SHARED SERVICES PROVIDED AND RECEIVED

Providing or Receiving Services?

Providing Services To/Receiving Services From

Amount to be Received/Paid

Type of Shared Service Provided Notes (Enter more specifics if needed)

Begin Date End Date

Providing Holland Township Receiving Kingwood Township Receiving Milford Public School Receiving Morris County Co-op Receiving Middlesex County Co-op

Sewer System

12/31/1969

NA NA NA

Amount Incurred

Court

1/1/2010 1/1/2010 1/1/2011 1/1/2013

$24,000.00 $4,200.00

Custodial

General Purchasing Electricity Purchasing Board of Health/Public Assistance

NA Variable NA Variable

Receiving Hunterdon County

1/1/1990

NA

$0.00

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 NA

USER FRIENDLY BUDGET SECTION - Notes

(Press ALT-Enter to go to a new line in each cell)

2017 MUNICIPAL DATA SHEET

CAP

( MUST ACCOMPANY 2017 BUDGET)

MUNICIPALITY:

Borough of Milford

COUNTY :

Hunterdon

Governing Body Members

Ronald R. Rehl Mayor's Name

12/31/19

Name

Term Expires

Carole A. Heller

12/31/17

Term Expires

Henry R. Schepens

12/31/18

Elisa Yager

12/31/18

George A. Sniffin

12/31/19

Municipal Officials

{

1/1/05

Robert White

12/31/17

Karen Dysart

Date of Orig. Appt. C-1100

Noralie LaFevre

12/31/19

Municipal Clerk

Cert No. T-0117 Cert No.

Tax Collector Eloise Hagaman

Dawn Merante

N-0006 Cert No.

Chief Financial Officer

Thomas M. Ferry,C.P.A

497 Lic No.

Registered Municipal Accountant

Todd Bolig

Municipal Attorney

Official Mailing Address of Municipality

Please attach this to your 2017 Budget and Mail to :

Municipal Building

Director, Division of Local Government Services

P.O. Box 507

Department of Community Affairs P.O. Box 803

Milford, New Jersey 08848

Trenton , N.J. 08625-0803

Division Use Only

Public Hearing Date: ______________ Municode: ______________________

(908) 995-2343

Fax #

Sheet A

2017 MUNICIPAL BUDGET

Municipal Budget of the

Borough

of

Milford

, County of

Hunterdon

for the Fiscal Year 2017

It is Hereby certified that 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 , 2017 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 3 Day of , 2017 April 3 April

Karen Dysart-Municipal Clerk

P.O. Box 507

Address

Milford, New Jersey 08848

Address

(908) 995-4323

Phone Number

It is hereby certified that the approved Budget annexed hereto and hereby made

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

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 here in are in proof, and the total of antici-

additions are correct, all statements contained herein are in proof, the total of anticipated

pated revenues equals the total of appropriations.

revenues equals the total of appropriations and the budget is in full compliance with the

Certified by me, this

3 day of

April

, 2017

Local Budget Law, N.J.S. 40A:4-1 et seq. Certified by me, this 3

100B Main Street Address (973) 579-3212 Phone Number

day of

April

, 2017

Thomas M. Ferry - Registered Municipal Accountant

Newton , New Jersey 07860

Dawn Merante-Chief Financial Officer

Address

DO NOT USE THESE SPACES

CERTIFICATION OF ADOPTED BUDGET

CERTIFICATION OF APPROVED BUDGET

(Do Not advertise this Certification form)

It is hereby certified that the amount to be raised by taxation for local purposes has been compared with

It is hereby certified that the Approved Budget made part hereof complies with the requirements

the approved Budget previously certified by me and any changes required as a condition to such approval

of law, and approval is given pursuant to N.J.S. 40A:4-79.

have been made. The adopted budget is certified with respect to the foregoing only.

STATE OF NEW JERSEY

STATE OF NEW JERSEY

Department of Community Affairs

Department of Community Affairs

Direct of the Division of Local Government Services

Direct of the Division of Local Government Services

Dated:

2017

By:

Dated:

2017

By:

Sheet 1

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

Borough

of

Milford

, County of

Hunterdon

Sheet 1a

MUNICIPAL BUDGET NOTICE

Section 1.

Municipal Budget of the

Borough

of

Milford

, County of

Hunterdon

for the Fiscal Year 2017

Be it Resolved, that the following statements of revenues and appropriations shall constitute the Municipal Budget for the year 2017 ; Be it Further Resolved, that said Budget be published in the In the issue of , 2017 The Governing Body of the Borough of Milford Hunterdon County Democrat April 13

does hereby approve the following as the Budget for the year 2017 :

( Abstained (

(

(

(

RECORDED VOTE

(

(

Ayes (

Nays (

(Insert last name)

(

(

(

(

(

( Absent ( (

Notice is hereby given that the Budget and Tax Resolution was approved by the

Mayor and Council

of the

Borough

of

Milford

, County of

Hunterdon

, on

April 3

, 2017 .

A hearing on the Budget and Tax Resolution will be held at

The Milford Fire Company Building

May 1

, 2017 at

7:00 o'clock P.M. at which time and place objections to said Budget and Tax Resolution for the year 2017 may be presented by taxpayers or other interested persons.

Sheet 2

EXPLANATORY STATEMENT

SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET

Year 2017

General Appropriations For : (Reference to item and sheet number should be omitted in advertised budget)

XXXXXXXXXXXX

1. Appropriations within "CAPS" -

XXXXXXXXXXXX

(a) Municipal Purposes {(Item H-1, Sheet 19) (N.J.S. 40A:4-45.2)}

920,106.00

2. Appropriations excluded from "CAPS"

XXXXXXXXXXXX

(a) Municipal Purposes {(Item H-2, Sheet 28) (N.J.S. 40A:4-45.3 as amended)}

379,369.00

(b) Local District School Purposes in Municipal Budget (Item K, sheet 29)

Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)

379,369.00

3. Reserve for Uncollected Taxes (Item M, Sheet 29) - Based on Estimated 97.00 % Percent of Tax Collections

119,675.00

Building Aid Allowance 2017 -

$______________

4. Total General Appropriations (Item 9, Sheet 29) for Schools-State Aid 2016 -

$______________

1,419,150.00

5. Less Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11)

(i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)

578,382.00

6. Difference: Amount to be Raised by Taxes for Support of Municipal Budget (as follows)

XXXXXXXXXXXX

(a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet 11)

801,946.00

(b) Addition to Local District School Tax (Item 6(b), Sheet 11)

(c) Minimum Library Tax

38,822.00

Sheet 3

EXPLANATORY STATEMENT - (Continued )

SUMMARY OF 2016 APPROPRIATIONS EXPENDED AND CANCELED

Explanations of Appropriations for

General Budget

Water Utility

Sewer Utility

Utility

Budget Appropriations - Adopted Budget

1,419,243.00

377,351.00

735,107.00

"Other Expenses"

Budget Appropriations Added by N.J.S. 40A:4-87

The amounts appropriated under the

Emergency Appropriations

title of "Other Expenses" are for operating

Total Appropriations

1,419,243.00

377,351.00

735,107.00

costs other than "Salaries & Wages".

Expenditures

Some of the items included in "Other

Paid or Charged (Including Reserve for

Expenses" are:

Uncollected Taxes)

1,229,810.36

364,519.64

718,421.33

Materials, supplies and non-bondable

Reserved

50,070.95

12,831.36

16,685.67

equipment;

Unexpended Balances Canceled

139,361.69

Repairs and maintenance of buildings.

Total Expenditures and Unexpended

equipment, roads, etc.,

Balances Canceled

1,419,243.00

377,351.00

735,107.00

Contractual services for garbage and

Overexpenditures *

trash removal, fire hydrant service, aid

to volunteer fire companies, etc.;

* See Budget Appropriation Items so marked to the right of column '' Expended 2016 Reserved. ''

Printing and advertising, utility

services, Insurance and many other items

essential to the services rendered by municipal government.

Sheet 3a

EXPLANATORY STATEMENT- (Continued)

BUDGET MESSAGE

2017 CAP Calculation The Borough has elected to increase the "CAP" to 3.5%. Below is how the CAP is calculated for 2017.

General Appropriations for 2016

$

1,419,243.00 Amount on which 3.5% CAP is applied

902,892.00

CAP Base Adjustment

3.5% CAP

31,601.22

Subtotal

1,419,243.00

Allowable operating appropriations before additional

Exceptions:

exception per (NJSA 40A:4-5.2)

934,493.22

Less:

Total Other Operations Total Interlocal Service

108,000.00 Add on modifications:

24,000.00

Total Public & Private Programs Total Capital Improvements

6,500.00 New Construction

96.65

156,000.00 2015 CAP

48,075.74 34,047.15

Total Deferred Charges

89,361.00 2016 CAP Bank

Reserve for Uncollected Taxes

132,490.00

Total allowable appropriations

$ 1,016,712.76

The total general appropriations for municipal purposes within "CAPS", as indicated at item (H-1) sheet 19 of this budget document.

920,106.00

Total Exceptions

516,351.00

Under CAP

96,606.76

Sheet 3b-1

NOTE:

MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF: 1. HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.) 2. 2013 "CAP" LEVY WORKBOOK SUMMARY 3. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM (e.g. if Police S&W appears in the regular section and also under "Operations Excluded from "CAPS" section, combine the figures for purposes of citizen understanding.) 4. INFORMATION OR A SCHEDULE SHOWING THE AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).

EXPLANATORY STATEMENT- (Continued) BUDGET MESSAGE SUMMARY TAX LEVY CAP CALCULATION

Levy Cap Calculation Prior Year Amount to be Raised by Taxation for Municipal Purposes Cap Base Adjustment (+/-) Less: Prior Year Deferred Charges to Future Taxation Unfunded Less: Prior Year Deferred Charges: Emergencies Less: Prior Year Recycling Tax Less: Changes in Service Provider:Transfer of Service/Funcion Net Prior Year Tax Levy for Municipal Purpose Tax for Cap Calculations

787,239

(89,361)

697,878 13,958 711,836

Plus 2% Cap increase

Adjusted Tax Levy

Plus: Assumption of Service/function Adjusted Tax Levy Prior to Exclusions

711,836

Exclusions: Allowable Shared Service Agreements Increase Allowable Health Insurance Cost Increase Allowable Pension Obligations Increase Allowable LOSAP Increase Allowable Capital Improvement Increase

15,000.00

Allowable Debt Service, Capital Leases and Debt Service Share of Cost Increases

70,155.00

Recycling Tax Appropriation Deferred Charges to Future Taxation Unfunded Current Year Deferred Charges: Emergencies Add Total Exclusions

85,155.00

Less Cancelled or Unexpended Exclusions Adjusted Tax Levy After Exclusions

796,991

Additions: New Ratables - Increase in Valuations (New Construction and Additions) Prior Year's Local Municipal Purpose Tax Rate (per$100)

14,171

0.682

New Ratable Adjustment to Levy

97

CY 2013 Cap Bank Utilized in CY 2017

4,858

CY 2014 Cap Bank Utilized in CY 2017 CY 2015 Cap Bank Utilized in CY 2017 Amounts approved by Referendum Maximum Allowable Amount to be Raised by Taxation Amount to be Raised by Taxation for Municipal Purposes

801,946 801,946

0

Amount to be Raised by Taxation for Municipal Purposes Under/Over Cap (+/-)

Sheet 3b-2

NOTE:

MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF: 1. HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.) 2. 2013 "CAP" LEVY WORKBOOK SUMMARY 3. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM (e.g. if Police S&W appears in the regular section and also under "Operations Excluded from "CAPS" section, combine the figures for purposes of citizen understanding.) 4. INFORMATION OR A SCHEDULE SHOWING THEA AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).

EXPLANATORY STATEMENT- (Continued)

BUDGET MESSAGE

In order to comply with statutory and regulatory requirements, the amounts appropriated for certain department or functions have been split and their parts appear in several places. Those appropriations which have been split add up as follows: Funded by Operations Public and Within CAP Outside CAP Private Revenues Total

NONE

The following is an analysis of Employee Group Health:

Total Amount

199,005.00 (18,203.00) 180,802.00 104,797.00 38,002.00 38,003.00 180,802.00

Less: Employee share deposited in Payroll Agency Account

Current Fund Budget

Water Utility Operating Fund Sewer Utility Operating Fund

Municipal Library Tax Levy Law-On March 21, 2011 the Governor enacted P.L. 2011,c.38 (S-2068). The law takes effect immediately and provides a dedicated line item on Property tax bill to fund municipal free and joint free public libraries. It does not result in any increased taxes, but changes the way the minimum library appropriation is displayed to the public. It reduces the municipal tax levy and rate, and creates a new line item on the tax bill for library purposes.

COMPARISON OF TAX RATE FOR MUNICIPAL PURPOSES

Below is a comparison of the Preliminary 2017 tax rate and actual 2016 tax rate for Municipal purposes only and a comparison of amounts to be raised by taxes for 2017 and 2016. 2017 Preliminary 2016 Actual Amount Rate Amount Rate Amount

Increase or (Decrease)

Rate

Municipal Purpose Library Purpose

801,946.00 38,822.00

0.6963 0.0337

787,239.00 39,143.00

0.6819 0.0339

14,707.00 (321.00)

0.0143

(0.0002)

NOTE: Sheet 3b-3 MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF: 1. HOW THE 1977 "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.) 2. 2013 "CAP" LEVY WORKBOOK SUMMARY 3. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM (e.g. if Police S&W appears in the regular section and also under "Operations Excluded from "CAPS" section, combine the figures for purposes of citizen understanding.) 4. INFORMATION OR A SCHEDULE SHOWING THEA AMOUNTS CONTRIBUTED FROM EMPLOYEES, THE EMPLOYER SHARE AND THE TOTAL COST OF HEALTH CARE COVERAGE (Refer to LFN 2011-4).

Current Fund - Anticipated Revenues

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

1. Surplus Anticipated

08-101

155,800.00

155,801.00

155,801.00

2. Surplus Anticipated with Prior Written Consent of Director of Local Government Services

08-102

Total Surplus Anticipated

08-100

155,800.00

155,801.00

155,801.00

3. Miscellaneous Revenues - Section A: Local Revenues

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Licenses:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Alcoholic Beverages

08-103

5,800.00

5,800.00

5,987.73

Fees and Permits

08-105

Fines and Costs:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Municipal Court

08-110

5,000.00

5,000.00

5,501.03

Interest and Costs on Taxes

08-112

19,500.00

23,000.00

19,963.57

Interest on Investments and Deposits

08-113

600.00

525.00

814.19

Sheet 4

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section A: Local Revenues ( continued ):

08-001

30,900.00

34,325.00

32,266.52

Total Section A: Local Revenues

Sheet 4a

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section B: State Aid Without Offsetting Appropriations

Consolidated Municipal Property Tax Relief Aid

09-200

38,423.00

39,908.00

39,908.00

Energy Receipts Tax (P.L.1997,Chapters 162 &167)

09-202

239,891.00

238,406.00

238,406.00

Garden State Trust

09-203

7,921.00

7,921.00

7,921.00

09-001

286,235.00

286,235.00

286,235.00

Total Section B: State Aid Without Offsetting Appropriations

Sheet 5

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section C: Dedicated Uniform Construction Code Fees Offset with Appropriations (N.J.S. 40A: 4-36 and N.J.A.C. 5:23-4.17)

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Uniform Construction Code Fees

08-160

Special Item of General Revenue Anticipated with Prior Written Consent of Director of Local Government Services:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Additional Dedicated Uniform Construction Code Fees Offset with Appropriations (N.J.S. 40A:4-45.3h and N.J.A.C. 5:23-4.17)

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Uniform Construction Code Fees

08-160

08-002

Total Section C: Dedicated Uniform Construction Code Fees With Offset Appropriations

Sheet 6

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section D: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Interlocal Municipal Service Agreements Offset with Appropriations:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Interlocal Service Agreement - Construction Code Official

11-001

Total Section D: Interlocal Municipal Service Agreements Offset with Appropriations

Sheet 7

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section E: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Additional Revenues Offset with Appropriations (N.J.S. 40A:4-45.3h):

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Total Section E: Special Items of General Revenue Anticipated with Prior Written

08-003

Consent of Director of Local Government Services - Additional Revenues

Sheet 8

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section F: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Public and Private Revenues Offset with Appropriations:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

N.J. Transportation Trust Fund Authority Act-

10-865

Unappropriated Reserve - Keep America Beautiful

10-770

2,500.00

2,500.00

Unappropriated Reserve - Clean Communities Program

10-772

4,214.00

4,000.00

4,000.00

Sheet 9

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section F: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Public and Private Revenues Offset with Appropriations: ( continued )

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Total Section F: Special Items of General Revenue Anticipated with Prior Written

10-001

4,214.00

6,500.00

6,500.00

Consent of Director of Local Government Services - Public and Private Revenues

Sheet 9a

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section G: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Other Special Items:

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Utility Operating Surplus of Prior Year - Water Utility

08-116

Uniform Fire Safety Act

08-106

Cell Tower Lease

08-107

29,573.00

Sheet 10

Current Fund - Anticipated Revenues - ( Continued )

FCOA

General Revenues

Anticipated

Realized in

2017

2016

2016

3. Miscellaneous Revenues - Section G: Special Items of General Revenue Anticipated With Prior Written Consent of the Director of Local Government Services- Other Special Items ( continued )

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Total Section G: Special Items of General Revenue Anticipated with Prior Written

08-004

29,573.00

Consent of Director of Local Government Services - Other Special Items

Sheet 10a

Current Fund - Anticipated Revenues - ( Continued )

General Revenues

Anticipated

Realized in

FCOA

2017

2016

2016

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Summary of Revenues

08-101

155,800.00

155,801.00

155,801.00

1. Surplus Anticipated ( Sheet 4, #1)

2. Surplus Anticipated with Prior Written Consent of Director of Local Government Services (Sheet 4,#2)

08-102

XXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

3. Miscellaneous Revenues:

Total Section A: Local Revenues

08-001

30,900.00

34,325.00

32,266.52

Total Section B: State Aid Without Offsetting Appropriations

09-001

286,235.00

286,235.00

286,235.00

Total Section C: Dedicated Uniform Construction Code Fees Offset with Appropriations

08-002

Total Section D: Special Items of General Revenue Anticipated with Prior Written Consent of

Director of Local Government Services - Interlocal Municipal Services Agreements 11-001

Total Section E: Special Items of General Revenue Anticipated with Prior Written Consent of Director of Local Government Services - Additional Revenues Total Section F: Special Items of General Revenue Anticipated with Prior Written Consent of Director of Local Government Services - Public and Private Revenues Total Section G: Special Items of General Revenue Anticipated with Prior Written Consent of Director of Local Government Services - Other Special Items

08-003

10-001

4,214.00

6,500.00

6,500.00

08-004

29,573.00

Total Miscellaneous Revenues

13-099

350,922.00

327,060.00

325,001.52

15-499

71,660.00

110,000.00

114,159.99

4. Receipts from Delinquent Taxes

13-199

578,382.00

592,861.00

594,962.51

5. Subtotal General Revenues (Items 1,2,3 and 4)

6. Amount to be Raised by Taxes for Support of Municipal Budget:

a) Local Tax for Munc. Purposes Including Reserve for Uncollected Taxes

07-190

801,946.00

787,239.00

b) Addition to Local District School Tax

17-191

XXXXXXXX

c) Minimum Library Tax

07-192

38,822.00

39,143.00

Total Amount to be Raised by Taxes for Support of Municipal Budget

07-199

840,768.00

826,382.00

862,840.71

13-299

1,419,150.00

1,419,243.00

1,457,803.22

7. Total General Revenues

Sheet 11

CURRENT FUND - APPROPRIATIONS

8. GENERAL APPROPRIATIONS

Appropriated

Expended 2016

For 2016 Total for 2016

FCOA

For 2017

For 2016

By Emergency As Modified By Paid or

Reserved

(A) Operations - Within "Caps"

Appropriation All Transfers

Charged

General Government: Administrative and Executive Salaries and Wages

20-100-1

69,000.00

67,000.00

67,000.00

66,466.22

533.78

Other Expenses

20-100-2

34,000.00

30,000.00

30,000.00

28,722.27

1,277.73

Financial Administration Salaries and Wages

20-130-1

5,000.00

5,000.00

5,000.00

4,615.36

384.64

Other Expenses

20-130-2

21,000.00

18,900.00

20,900.00

18,899.36

2,000.64

Assessment of Taxes Salaries and Wages

20-150-1

11,897.00

11,330.00

11,330.00

11,330.00

Other Expenses

20-150-2

2,100.00

1,000.00

1,000.00

946.37

53.63

Collection of Taxes

Salaries and Wages

20-145-1

13,091.00

12,468.00

12,468.00

12,468.00

Other Expenses

20-145-2

2,000.00

2,000.00

2,000.00

1,965.34

34.66

Legal Services and Costs: Other Expenses

20-155-2

50,000.00

50,000.00

50,000.00

46,267.64

3,732.36

Sheet 12

Made with