Budget Presentation 2020 Blairstown Township Committee General - PowerPoint PPT Presentation

Budget Presentation 2020

Blairstown Township Committee

General Township Information • Web Site: www.blairstowntownship.org • Population Estimate 5819 • Area 30.9 square miles • Employment at Town Hall Full Time: 8 Police, 6 Public Works, 2 General Staff • Approx. 58 miles of Township Owned Roads • 140+ Roads in our Town (26 private roads reimbursed for plowing)

Blairstown Township Budget Description 2020 Budget 2019 Budget 2018 Audited 2017 Audited General Revenue: $426,336.00 $356,280.00 $576,310.26 $569,243.00 Reserve for Municipal Tax 615,000.00 774,561.00 795,508.00 729,990.00 Surplus Anticipated 81,000.00 73,000.00 81,755.45 8,241.000 Local Revenue 2,930,536.00 2,930,536.00 2,930,536.00 2,930,536.00 State Aid 22,913.00 14,854.00 14,854.00 41,658.00 Garden State Trust 275,000.00 220,000.00 238,843.59 220,592.00 Receipt Delinquent Tax 25,000.00 50,000.00 Anticipated From General Capital 49,111.74 40,000.00 30,781.58 VAAP'S 2019 / Grants 2018 70,231.00 2,750.00 2,800.00 Sale of Municipal Assets & Reserve Debt 240,000.00 185,000.00 NJDOT note note 98,106.98 82,706.00 Non Budget Revenue $ 4,495,127.74 $ 4,461,981.00 $ 5,009,495.86 $ 4,844,966.00 Total General Revenue

Blairstown Township Budget Description Proposed 2020 2019 Budget 2018 Audited 2017 Audited Appropriations General Government $994,576.00 $ 1,077,501.00 $ 1,209,289.98 $ 1,143,284.00 Public Safety 1,008,307.87 903,460.00 816,604.57 743,793.00 Public Works 563,826.00 589,468.00 438,853.60 503,197.00 Health & Human Services 32,050.00 34,500.00 37,372.83 28,253.00 Utility Expense 125,500.00 125,500.00 123,289.99 112,852.00 Municipal Court 15,000.00 500.00 Total Operating 2,739,259.87 2,730,929.00 2,625,410.97 2,531,379.00 Statutory Expenditures 384,600.00 330,746.00 301,743.38 323,001.00 Public & Private Programs 69,111.74 276,781.58 211,804.00 Capital Improvements 155,000.00 275,000.00 135,000.00 130,000.00 Municipal Debt Service 152,900.00 157,283.00 161,682.50 166,083.00 Deferred Charges to Future Debt 12,500.00 81,255.00 81,255.00 81,255.00 645,060.13 Reserve for Uncollected Taxes 673,000.00 673,000.00 673,000.00 88,928.00 Deferred Charge - Police 247,768.00 213,768.00 Reserve for Road Paving Total General Appropriations $4,495,127.74 $ 4,461,981.00 $ 4,254,873.43 $ 4,116,522.00

3500000 3167609 3000000 3040905 2930536 2930536 2930536 2930536 2930536 2930536 2930536 2930536 2930536 2930536 2930536 2500000 In Millions 2363070 2000000 1707801 1500000 1000000 1108612 1033727 1022915 999729 979495 944043 931897 859574 808000 718,000 500000 545,665 Projected 0 balance 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Energy Tax Receipts (in millions) Fund Balance

Comparative Financial Information 2014 - 2018 5,000,000 4,495,128 4,461,981 4,500,000 4,254,873 4,176,684 4,044,066 3,939,271 4,000,000 3,491,995 3,500,000 2,930,536 2,930,536 2,930,536 2,930,536 2,930,536 2,930,536 2,930,536 3,000,000 2,500,000 2,000,000 1,500,000 1,022,915 944,043 931,897 859,574 1,000,000 808,591 718,000 545,665 500,000 0 2014 2015 2016 2017 2018 2019 2020 Energy Receipts General Appropriations Fund Balance

General Bond Obligation – Current Fund Year Bond Obligation Interest Total 2020 $110,000.00 $42,882.50 $152,882.50 2021 115,000.00 38,482.50 153,482.50 2022 115,000.00 33,738.76 148,738.76 2023 115,000.00 28,995.00 143,995.00 2024 115,000.00 24,251.26 139,251.26 2025 115,000.00 19,507.50 134,507.50 2026 115,000.00 14,620.00 129,620.00 2027 115,000.00 9,732.50 124,732.50 2028 114,000.00 4,845.00 118,845.00 Total $ 1,029,000.00 $ 217,055.02 $ 1,246,055.02

Deferred Charges to Future Taxation - Unfunded Description Year Incurred Balance 2020 Removal UST – Former Recreation Center 2009 $ 4,323.00 Improvement to Various Roads 2015 287,014.44 Single Axel Dump Truck 2016 152,764.00 Various Improvements 2017 208,799.89 Improvements to Roads 2018 85,800.00 Installation of Generator 2018 38,000.00 Vehicles 2019 124,500.00 Various Roads 2019 190,000.00 Walnut Valley Soil Remediation 2019 380,000.00 Air Packs - Firehouse 2019 121,583.60 DPW Equipment - Single Axel 2020 161,500.00 Police SUV 2020 52,250.00 Total Deferred Charges $ 1,806,534.93

Amt Estimated Total Reserved 2020 Budget Capital Imp. Grants & Debt Project Title Project # Cost Prior YR Appropriation Fund Other Funds Authorized Purchase of DPW Truck 2020-1 36,000.00 36,000.00 Purchase of DPW Equipment 29,000.00 29,000.00 2020-2 Purchase of Single Axis Truck 2020-3 170,000.00 8,500.00 161,500.00 Purchase of Police SUV 2020-4 55,000.00 2,750.00 52,250.00 Purchase of Roadside Mower 2020-5 130,000.00 130,000.00 Improvements to Various Roads 2020-6 247,768.00 247,768.00 Improvements to Heller Hill 2020-7 140,000.00 140,000.00 Reserve for First Aid 2020-8 50,000.00 50,000.00 Reserve for Fire Equipment 2020-9 10,000.00 10,000.00 Reserve for Road Improvements 2020-10 100,000.00 100,000.00 Total 967,768.00 36,000.00 407,768.00 40,250.00 270,000.00 213,750.00

Open Space Debt Obligation 2.5¢ Tax Collected yearly for Open Space, Recreation & Historic Preservation Year Principal Interest NJ Economic Total Dev. 2020 35,000.00 7,133.76 27,498.00 69,631.76 2021 45,000.00 5,733.76 50,733.76 2022 45,000.00 3,877.50 48,877.50 2023 49,000.00 2,021.26 51,021.26 Total $174,000.00 $18,766.28 $27,498.00 $220,264.28 Blairstown Township – over the past 14 years, has financially supported the preservation of approx. 1,200 acres: 800 acres Farmland and 400 acres Open Space. Our future active recreational needs are satisfied by the purchase and preservation of two areas totaling 113 acres. In 2002 & 2005 the Township borrowed a total of $524,000 to purchase open space through bonding. In preservation we have utilized funding from Green Acres (PIG Grant- Planning Incentive), Warren County Municipal & Charitable Trust Fund and State Agriculture Development Committee (PIG), and Warren County Agriculture Development Committee for farmland preservation. We also have a close partnership with Blairstown-based Ridge & Valley Conservancy .

2019 Blairstown Township Tax Bill Home Assessment Values Description % of tax Rate per $100 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 County Tax 26.99% 0.652 $ 1,630.00 $ 1,956.00 $ 2,282.00 $ 2,608.00 $ 2,934.00 $ 3,260.00 Library Tax 2.15% 0.052 $ 130.00 $ 156.00 $ 182.00 $ 208.00 $ 234.00 $ 260.00 County Open Space 1.08% 0.026 $ 65.00 $ 78.00 $ 91.00 $ 104.00 $ 117.00 $ 130.00 Regional School 34.64% 0.837 $ 2,092.50 $ 2,511.00 $ 2,929.50 $ 3,348.00 $ 3,766.50 $ 4,185.00 District School 32.08% 0.775 $ 1,937.50 $ 2,325.00 $ 2,712.50 $ 3,100.00 $ 3,487.50 $ 3,875.00 Municipal Tax 2.03% 0.049 $ 122.50 $ 147.00 $ 171.50 $ 196.00 $ 220.50 $ 245.00 Municipal Open Space 1.03% 0.025 $ 62.50 $ 75.00 $ 87.50 $ 100.00 $ 112.50 $ 125.00 Tax Rate 2019 Current Tax 2.416 $ 6,040.00 $ 7,248.00 $ 8,456.00 $ 9,664.00 $ 10,872.00 $ 12,080.00 Annual Municipal Tax 2020 0.01 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 Increase Monthly $2.09 $2.50 $2.92 $3.34 $3.75 $4.17 Increase Gen. Approp & Fund 3 ¢ = Balance $213,500 3 ¢= Road Improvement $213,500 6 ¢ = $427,000 2020 Total 2019 Net Valuation Taxable 1 ¢ = $71,167