EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
CAP CALCULATION
| Total General Appropriations for 2022 | 26,048,457.00 |
| Cap Base Adjustment: | |
| Subtotal | 26,048,457.00 |
| Exceptions Less: | |
| Total Other Operations | 145,000.00 |
| Total Uniform Construction Code | |
| Total Interlocal Service Agreement | |
| Total Additional Appropriations | |
| Total Capital Improvements | 500,000.00 |
| Total Debt Service | 2,411,345.00 |
| Transferred to Board of Education | |
| Type I School Debt | |
| Total Public & Private Programs | 3,245,750.00 |
| Judgements | |
| Total Deferred Charges | 1,494,922.00 |
| Cash Deficit | |
| Reserve for Uncollected Taxes | 2,150,000.00 |
| Total Exceptions | 9,947,017.00 |
| Amount on Which CAP is Applied | 16,101,440.00 |
| 2.5% CAP | 402,536.00 |
| Allowable Operating Appropriations before | |
| Additional Exceptions per (N.J.S.A. 40A:4-45.3) | 16,503,976.00 |
CAP CALCULATION
| Allowable Operating Appropriations before | ||
| Additional Exceptions per (N.J.S.A. 40A:4-45.3) | 16,503,976.00 | |
| Additions: | ||
| New Construction (Assessor Certification) | 22,500.79 | |
| 2021 Cap Bank Utilized | (0.01) | |
| 2022 Cap Bank Utilized | 46,411.85 | |
| PILOT Adjustment | 716,000.00 | |
| Total Additions | 784,912.63 | |
| Maximum Appropriations within "CAPS" Sheet 19 @ | 2.5% | 17,288,888.63 |
| Additional Increase to COLA rate. | 3.5% | |
| Amount of Increase allowable. | 1.0% | 161,014.40 |
| Maximum Appropriations within "CAPS" Sheet 19 @ | 3.5% | 17,449,903.03 |
| Total General Appropriations for Municipal Purposes | 17,093,528.00 | |
| (Sheet 19, H-1) | ||
| Over or (Under) Appropriations Cap | (356,375.03) | |
Sheet 3b
NOTE:
MANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:
- 1. HOW THE "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)
- 2. 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.)