EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
CAP CALCULATION
| Total General Appropriations for 2020 | 22,346,508.00 |
| Cap Base Adjustment: | |
| Subtotal | 22,346,508.00 |
| Exceptions Less: | |
| Total Other Operations | 132,000.00 |
| Total Uniform Construction Code | |
| Total Interlocal Service Agreement | |
| Total Additional Appropriations | |
| Total Capital Improvements | 2,650,000.00 |
| Total Debt Service | 2,502,615.00 |
| Transferred to Board of Education | |
| Type I School Debt | |
| Total Public & Private Programs | 22,690.00 |
| Judgements | |
| Total Deferred Charges | |
| Cash Deficit | |
| Reserve for Uncollected Taxes | 2,150,000.00 |
| Total Exceptions | 7,457,305.00 |
| Amount on Which CAP is Applied | 14,889,203.00 |
| 1.0% CAP | 148,892.03 |
|
Allowable Operating Appropriations before Additional Exceptions per (N.J.S.A. 40A:4-45.3) |
15,038,095.03 |
CAP CALCULATION
|
Allowable Operating Appropriations before Additional Exceptions per (N.J.S.A. 40A:4-45.3) |
15,038,095.03 | |
| Additions: | ||
| New Construction (Assessor Certification) | 28,087.14 | |
| 2019 Cap Bank | 12,285.29 | |
| 2020 Cap Bank | 142,340.47 | |
| Total Additions | 182,712.90 | |
| Maximum Appropriations within "CAPS" Sheet 19 @ | 1.0% | 15,220,807.93 |
| Additional Increase to COLA rate. | 3.5% | |
| Amount of Increase allowable. | 2.5% | 372,230.08 |
| Maximum Appropriations within "CAPS" Sheet 19 @ | 3.5% | 15,593,038.01 |