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)