Town of Cheverly
FY26 Proposed Budget Summary
| Description | Actuals FY2022 |
Actuals FY2023 |
Actuals FY2024 |
Budget FY2025 |
YTD 2/28/25 Actuals |
Proposed FY26 Budget |
|---|---|---|---|---|---|---|
| REVENUE | ||||||
| Taxes | 5,956,500 | 6,209,997 | 6,725,628 | 7,296,079 | 6,773,555 | 7,806,963 |
| Licenses | 158,091 | 233,926 | 183,145 | 184,100 | 126,182 | 184,000 |
| Intergovernmental | 134,372 | 334,355 | 2,482,697 | 4,105,569 | 805,559 | 3,866,840 |
| Service Charges | 10,016 | 4,046 | 4,125 | 5,300 | 1,900 | 5,300 |
| Fines & Forfeitures | 681,758 | 688,137 | 703,776 | 2,160,500 | 1,492,339 | 1,860,500 |
| Interest & Dividends | 1,495 | 69,851 | 120,808 | 90,000 | 67,077 | 100,000 |
| Miscellaneous | 177,803 | 154,440 | 150,141 | 1,700 | 61,310 | 323,500 |
| TOTAL REVENUES | 7,120,035 | 7,694,752 | 10,370,320 | 13,843,248 | 9,327,922 | 14,147,103 |
| EXPENDITUURES | ||||||
| General Government | 1,960,004 | 2,105,648 | 2,514,227 | 3,367,456 | 2,390,088 | 3,231,694 |
| Public Safety - Police | 1,964,572 | 2,518,879 | 2,468,168 | 3,255,877 | 2,090,157 | 3,641,920 |
| Public Works - Admin & Divisions | 3,501,356 | 4,382,204 | 5,949,389 | 8,065,746 | 7,884,563 | 7,657,595 |
| ARPA | 1,991,569 | |||||
| Assigned Funds | ||||||
| Restricted Funds (HUR Rollover & Public Safety) | ||||||
| TOTAL EXPENDITURES | 7,425,932 | 9,006,731 | 12,923,353 | 14,689,079 | 12,364,808 | 14,531,209 |
| ADDED TO / (APPROPRIATED) FROM FUND BALANCE | -305,897 | -1,311,979 | -2,553,033 | -845,831 | -3,036,886 | -384,106 |
| UN ASSIGNED FUND BALANCE | 5,230,443 | 5,537,463 | 5,604,926 | 4,759,095 | 1,722,209 | 1,338,103 |