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Borough of Belmar 2014 Budget Presentation Total Municipal Budget is $23,029,480.68.

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Presentation on theme: "Borough of Belmar 2014 Budget Presentation Total Municipal Budget is $23,029,480.68."— Presentation transcript:

1 Borough of Belmar 2014 Budget Presentation Total Municipal Budget is $23,029,480.68

2 Borough of Belmar 2014 Budget Presentation The Borough of Belmar’s Budget is comprised of four separate funds, the breakdown of these funds for 2014 is:  Current Fund$15,050,  Water-Sewer Utility$ 3,045,  Beach Utility$ 4,839,  Parking Utility$ 94,000.00

3 Current Fund 2014 Appropriations and Revenues

4 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Current Fund appropriations (expenses) can be broken down into the following categories: 2014 Amounts  Other Expenses$7,349,  Salary and Wages$4,648,  Capital and Debt$1,670,  Reserve for Uncollected Taxes$ 796,  Library$ 533,  Deferred Charges$ 53,000.00

5 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Current Fund revenues (income) can be broken down into the following categories: 2014 Amounts  Amount to be Raised by Taxation $7,206,  Local Revenues $3,621,  Surplus $1,701,  Marina Slip Rentals $1,050,  Delinquent Taxes $ 625,  State Aid $ 423,  Interlocal Services $ 340,  Grants $ 15,  Construction Code $ 67, There is no increase in the Tax Rate for the Municipal budget for this year.

6 Borough of Belmar 2014 Budget Presentation The below chart depicts the Surplus balance, utilization within the budget and regeneration of surplus. On January 1, 2014 the Current Fund Surplus balance was $2,001, and we will be using $1,675,000 in the 2014 budget.

7 Water-Sewer Utility 2014 Appropriations and Revenues

8 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Water-Sewer Utility appropriations (expenses) can be broken down into the following categories: 2014 Amounts  Other Expenses$2,457,  Capital and Debt$ 368,  Salary and Wages$ 219,000.00

9 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Water-Sewer Utility revenues (income) can be broken down into the following categories: 2014 Amounts  Water/Sewer Billings $2,650,  Surplus $ 340,  Reserve for Capital/Debt$ 55,000.00

10 Borough of Belmar 2014 Budget Presentation The below chart depicts the Water-Sewer Surplus balance, utilization within the budget and regeneration of surplus. On January 1, 2014 the Water-Sewer Surplus balance was $391, and we will be using $340,47.24 in the 2014 budget.

11 Beach Utility 2014 Appropriations and Revenues

12 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Beach Utility appropriations (expenses) can be broken down into the following categories: 2014 Amounts  Salary and Wages$2,323,  Other Expenses$1,175,  Capital and Debt$1,341,500.00

13 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Beach Utility revenues (income) can be broken down into the following categories: 2014 Amounts  Surplus $1,769,  Beach Badges $1,975,  Other Misc$ 95,  Reserve for Payment of Debt$1,000,000.00

14 Borough of Belmar 2014 Budget Presentation The below chart depicts the Beach Utility Surplus balance, utilization within the budget and regeneration of surplus. On January 1, 2014 the Beach Surplus balance was $2,042, and we will be using $1,769, in the 2014 budget.

15 Parking Utility 2014 Appropriations and Revenues

16 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Parking Utility appropriations (expenses) can be broken down into the following categories: 2014 Amount  Salary and Wages$50,  Other Expenses$14,  Capital and Debt$30,000.00

17 Borough of Belmar 2014 Budget Presentation In accordance with the State of NJ Best Practices, the Parking Utility revenues (income) can be broken down into the following categories: 2014 Amounts  Parking Meter Fees $74,  Surplus$20,000.00

18 Borough of Belmar 2014 Budget Presentation The below chart depicts the Parking Utility Surplus balance, utilization within the budget and regeneration of surplus. On January 1, 2014 the Parking Surplus balance was $23, and we will be using $20,000 in the 2014 budget.


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