EXPLANATORY STATEMENT - (Continued)
CAP CALCULATION
Total General Appropriations for 2021
21,042,831.00
Cap Base Adjustment:
Subtotal
21,042,831.00
Exceptions Less:
Total Other Operations
117,000.00
Total Uniform Construction Code
Total Interlocal Service Agreement
Total Additional Appropriations
Total Capital Improvements
425,000.00
Total Debt Service
2,557,155.00
Transferred to Board of Education
Type I School Debt
Total Public & Private Programs
96,762.00
Judgements
Total Deferred Charges
280,000.00
Cash Deficit
Reserve for Uncollected Taxes
2,150,000.00
Total Exceptions
5,625,917.00
Amount on Which CAP is Applied
15,416,914.00
2.5% CAP
385,422.85
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
15,802,336.85
CAP CALCULATION
Allowable Operating Appropriations before
Additional Exceptions per (N.J.S.A. 40A:4-45.3)
15,802,336.85
Additions:
New Construction (Assessor Certification)
15,220.85
2020 Cap Bank Utilized
2021 Cap Bank Utilized
176,124.01
Total Additions
191,344.86
Maximum Appropriations within "CAPS" Sheet 19 @
2.5%
15,993,681.71
Additional Increase to COLA rate.
3.5%
Amount of Increase allowable.
1.0%
154,169.14
Maximum Appropriations within "CAPS" Sheet 19 @
3.5%
16,147,850.85
Total General Appropriations for Municipal Purposes
16,101,439.00
(Sheet 19, H-1)
Over or (Under) Appropriations Cap
(46,411.85)
Sheet 3b
NOTE:
MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:
- HOW THE "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)
-
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 "Operation Excluded from "CAPS" section, combine the figures for purposes of citizen understanding.)