2017 BUDGET ADOPTION May 9, 2017 Budget Summary g y 2017 Budget - PowerPoint PPT Presentation

2017 BUDGET ADOPTION May 9, 2017

Budget Summary g y 2017 Budget 2016 Budget % +/- $ +/- Budget Category Appropriations Appropriations Appropriations Appropriations S&W (Less Library & Grants) $ 10,703,532 $ 10,731,774 -0.26% $ (28,242) OE (Less Library & Grants) OE (Less Library & Grants) $ $ 13 092 666 13,092,666 $ $ 12 829 716 12,829,716 2.05% 2 05% $ $ 262 950 262,950 Library $ 2,382,202 $ 2,367,776 0.61% $ 14,426 CAP Adjustment Provision CAP Adjustment Provision $ $ 4 000 000 4,000,000 $ $ 4 000 000 4,000,000 0 00% 0.00% $ $ - Operations $ 30,178,400 $ 29,929,266 0.83% $ 249,134 P bli & P i Public & Private Grants t G t $ $ 127,215 127 215 $ $ 475 891 475,891 -73.27% 73 27% $ (348 676) $ (348,676) Capital $ 3,752,400 $ 3,125,850 20.04% $ 626,550 RFUT $ 4,038,161 $ 3,964,509. 1.86% $ 73,652 Total $ 38,096,177 $ 37,495,517 1.60% $ 600,660

Appropriations 15.43% Public Safety 10.60% Reserve for Uncollected Taxes 9.85% Capital Improvements 9 71% 9.71% Public Works 7.75% General Government 7.09% Insurance 6.97% Pensions & Social Security 6.25% Library Expenses 5.03% Parks and Recreation 2.37% Interlocal Service Agreements 1.89% 1.89% Code Enforcement Code Enforcement 1.71% Utility Expenses 1.19% Health & Human Service Functions 0.99% Land Use Administration 0 95% 0.95% Municipal Court l 0.70% Other Operating Functions 0.46% Landfill/Solid Waste Disposal 0.23% L.O.S.A.P 0.22% Private Contributions 0.12% State and Federal Grants 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00%

Revenue Anticipated % Anticipated 2017 2017 2017 vs 2016 2017 vs. 2016 2016 2016 Surplus Anticipated $ 12,500,000 6.16% $ 11,775,000 $ 5,658,018 ‐ 7.73% $ 6,132,257 Total Miscellaneous Revenues R Receipts from Delinquent Taxes i t f D li t T $ $ 305 000 305,000 0.00% 0 00% $ $ 305 000 305,000 Amount to be Raised by Taxation $ 17,250,957 1.98% $ 16,915,483 Amount to be Raised by Taxation ‐ $ 2,382,202 .61% $ 2,367,776 Library Tax Levy $ 38,096,177 1.60% $ 37,495,517 Total General Revenues

Revenue Special Items (Uniform Dedicated Uniform Fire, Hotel Tax, Rentals, Construction Code Receipts from Solar Landfill, Sale of Fees, 1.43% Delinquent Taxes, Municipal Assets), Interlocal Municipal 0.80% 1.51% Service Agreements, 1.91% 1 91% Public & Private Grants, 0.33% Energy Tax Receipts, 4.72% Local Revenues (Fees, ocal Revenues (Fees, Permits, Licenses, Interest), 4.95% Amount to be Raised Amount to be Raised ‐ Library Tax Levy, 6.25% Amount to be Raised by Taxation, 45.28% Surplus Anticipated, 32.81%

Municipal Debt Municipal Debt SOMERSET COUNTY: Total 3 Year Equalized Valuation $58,427,940,173.33 Total Population 333,718 Total Debt Total Debt $ $ 301,038,138.31 301 038 138 31 BERNARDS TOWNSHIP: 3 Year Equalized Valuation $ 7,058,625,269.00 Total Population 27,074 Township Debt $ 2,537,502.85 COMPARISON: Bernards % of SC 3 Yr Equalized Valuation 12.08% Bernards % of SC Total Population Bernards % of SC Total Population 8 11% 8.11% Bernards % of SC Debt 0.84%

Municipal Debt Municipal Debt Somerset County Debt Per Capita 3,691.98 , Watchung Borough Watchung Borough 2,061.13 Somerville Borough 1,999.25 Bound Brook Borough 1,978.36 Bernardsville Borough 1,929.88 Peapack ‐ Gladstone 1,505.46 Bridgewater Township 1,223.60 Montgomery Township Warren Township 1,046.06 1,008.33 South Bound Brook 793.78 793 78 North Plainfield Borough North Plainfield Borough Branchburg Township 747.51 Manville Borough 688.47 Raritan Borough 634.76 Bedminster Township 564.58 Rocky Hill Borough 544.93 Franklin Township 465.59 Hillsborough Township 373.16 Far Hills Borough 294.03 Green Brook Township Green Brook Township 94 25 94.25 Bernards Township 93.72 Millstone Borough ‐ ‐ 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00

12/1/17 DEBT FREE! 12/1/17 DEBT FREE! Looking Ahead to 2018: Looking Ahead to 2018: The Sunset of the Open Space Tax p p will enable us to increase our Capital appropriation to meet our C it l i ti t t Infrastructure needs Infrastructure needs • The last time the Township bonded for non ‐ open space purchases was in 1991 h i 1991

INFRASTRUCTURE ENGINEERING $2,695,000  Road Repaving Projects R d R i P j t Annin Rd Debra Ln Meeker Rd Canterbury Way Gerard Ave Parkwood Ln Douglas Road Gold Blvd Pin Oak Ct Atlas Rd Hunters Ln Wharton Way Compton Ct Lenape Ct  Pedestrian Bridges  Stonehouse  L ons Road  Lyons Road  Storm Sewer Improvements  Pleasant Valley Park Culvert

INFRASTRUCTURE STREETS & ROADS $310,000  Roads, Parking & Sidewalk Repair R d P ki & Sid lk R i  Repair & Replace Drainage and Guard Rails  Small Equipment BUILDINGS $172,000  Town Hall HVAC  General Facility Maintenance PARKS & RECREATION $92,000  Park Facilities  Playground Equipment

EQUIPMENT Q FLEET $395,000  Single Axle with CIRUS Controls Si l A l ith CIRUS C t l  Roadside Arm Mower  Asphalt Patching Hot Box GROUNDS $90,000  ASV Track Machine  T  Toro Groundmaster Mower G d t M  Portable Field Irrigation  Small Equipment INFORMATION TECHNOLOGY $33,400  Miscellaneous Hardware  Mobile Data Terminals for Police  Mobile Data Terminals for Police

EMERGENCY SERVICES EMERGENCY EQUIPMENT $165,000  Basking Ridge First Aid  Basking Ridge Fire Company  Basking Ridge Fire Company  Liberty Corner Fire Company 2018 Vehicle Purchases: Ambulance for BRFAS $200,000 Rescue Truck for LCFC $575,000 ($100k already reserved)

Surplus 2016 2016 % % 2015 2015 % % 2014 2014 % % 2013 2013 Operations Chg Operations Chg Operations Chg Operations Surplus Balance $14,390,050.47 -2.0% $14,684,401.08 0.3% $14,642,607.86 6.5% $13,747,581.76 December 31 PY December 31, PY Results of 12,675,103.33 7.36% 11,805,649.39 1.0% 11,691,793.22 -3.4% 12,105,026.10 Operations Utilized in (11,775,000.00) -2.7% (12,100,000.00) 3.9% (11,650,000.00) 3.9% (11,210,000.00) Budget Surplus 900,103.33 (294,350.61) 41,793.22 895,026.10 Regenerated Surplus Balance p 15 290 153 80 6 26% 15,290,153.80 6.26% 14,390,050.47 -2.0% 14 390 050 47 2 0% 14 684 401 08 14,684,401.08 0 3% 0.3% 14 642 607 86 14,642,607.86 For Current Year Proposed Use of 12,500,000.00 6.16% 11,775,000.00 -2.7% 12,100,000.00 3.86% 11,650,000.00 Surplus Surplus Fund Balance $ 6,790,153.80 2.65% $ 6,615,050.47 0.47% $ 6,584,401.08 -5.84% $ 6,992,607.86 Reserved

2017 Estimated Tax Rate Tax Rates 2017 2016 Estimated Actual School Rate Unofficial (Est.) ( ) $ 1.300 $ 1.270 $ $ County Rate Unofficial (Est.) $ 0.335 $ 0.328 County Open Space Rate County Open Space Rate $ $ 0.031 $ 0.031 0 031 $ 0 031 Municipal Open Space Rate $ 0.040 $ 0.040 Township $ 0.254 $ 0.248 Municipal Library Tax Levy Law $ 0.035 $ 0.034 $ 1.995 $ 1.951

Breakdown of the Tax Rate Municipal Open Municipal Open Library, Space, Library, Space, 1.8% 1.0% 1.4% . % 3 6% 3.6% County, Township, 16.8% 16.8% 12.7% School, County, Township, p 52.4% 52 4% 16 8% 16.8% School, S h l 28.4% 65.1% Bernards Tax Levy by Category Statewide Tax Levy by Category

Self Funding Golf Utility Self ‐ Funding Golf Utility Appropriated Appropriated Appropriated Appropriated % % 2017 vs. 2017 2016 2016 Total Revenue $ 515,486.00 $ 541,995.00 ‐ 4.89% Salaries and Wages $ 148,352.09 $ 149,393.80 ‐ 0.70% Other Expenses Other Expenses $ 367 133 91 $ 367,133.91 $ 392 601 20 $ 392,601.20 ‐ 6.49% 6 49% Total Appropriations $ 515,486.00 $ 541,995.00 ‐ 4.89%

THANK YOU! ! Questions? Questions?