98-18 Attachment.pdf

Township Of West Orange [Code 0722], Essex County - 2018 Budget EXPLANATORY STATEMENT SUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGET General Appropriations For: (Reference to item and sheet number should be omitted in advertised budget) xxxxxxxxx.xx 1. Appropriations within "CAPS" - xxxxxxxxx.xx (a) Municipal Purposes {(Item H-1, Sheet 19)(N.J.S. 40A:4-45.2)} 63,900,290.32 2. Appropriations excluded from "CAPS" xxxxxxxxx.xx (a) Municipal Purposes {(Item H-2, Sheet 28)(N.J.S. 40A:4-45.3 as amended)} 15,989,458.68 (b) Local School District Purposes in Municipal Budget (Item K, Sheet 29) 0.00 Total General Appropriations excluded from "CAPS" (Item O, Sheet 29) 15,989,458.68 3. Reserve for Uncollected Taxes (Item M, Sheet 29) - Based on Estimated 98.53% Percent of Tax Collections 3,320,000.00 Building Aid Allowance 2018 - $ 0.00 for Schools-State Aid 2017 - $ 0.00 83,209,749.00 5. Less: Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11) (i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes) 27,119,260.53 6. Difference: Amounts to be Raised by Taxes for Support of Municipal Budget (as follows) xxxxxxxxx.xx (a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet 11) 54,015,331.47 (b) Addition to Local District School Tax (Item 6(b), Sheet 11) 0.00 (c) Minimum Library Tax 2,075,157.00 Sheet 3 Township Of West Orange [Code 0722], Essex County - 2018 Budget 4. Total General Appropriations (Item 9, Sheet 29) YEAR 2018