NICKOLAOS KAPPATOS, MAYOR ELEANOR M. KELLYPATRICIA TARTAGLIA PASSIO CRAIG LAUBENSTEINROBERT FARRELL JOHN RANIERI

MICHAEL J. ROOT

ROBERT LAW ACTING CFOJOYCE PINTO MUNICIPAL CLERKMICHAEL D. CESARO AUDITORLEONARD J. WOOD ATTORNEY

OFFICIALS

GOVERNING BODY MEMBERS

Breakdown of 2017 Tax RateRunnemede Borough

Summary Levy Cap CalculationRunnemede Borough

MUNICIPALITY COUNTY EXAMINER0430 Runnemede Borough Camden

Model Tax Levy Calculation Worksheet

Levy Cap CalculationPrior Year Amount to be Raised by Taxation for Municipal Purposes $4,947,862

Cap Base Adjustment (+/-) $0Less: Prior Year Deferred Charges to Future Taxation Unfunded $0Less: Prior Year Deferred Charges: Emergencies $0Less: Prior Year Recycling Tax $9,000Less: Changes in Service Provider: Transfer of Service/ Function $0

Net Prior Year Tax Levy for Municipal Purpose Tax for Cap Calculation $4,938,862Plus: 2% Cap increase $98,777

Adjusted Tax Levy $5,037,639Plus: Assumption of Service/ Function $0

Adjusted Tax Levy Prior to Exclusions $5,037,639Exclusions:

Allowable Shared Service Agreements Increase $0Allowable Health Insurance Cost Increase $0Allowable Pension Obligations Increase $4,654Allowable LOSAP Increase $0Allowable Capital Improvements Increase $0Allowable Debt Service, Capital Leases and Debt Service Share of Cost Increases $0Recycling Tax Appropriation $9,000Deferred Charges to Future Taxation Unfunded $0Current Year Deferred Charges: Emergencies $0

Add Total Exclusions $13,654Less Cancelled or Unexpended Exclusions $0

Adjusted Tax Levy After Exclusions $5,051,293Additions:

New Ratables - Increase in Valuations (New Construction and Additions) $384,100Prior Year's Local Municipal Purpose Tax Rate (per $100) $1.012New Ratable Adjustment to Levy $3,887Prior Year Cap Bank Utilized in CY 2017 $0Amounts approved by Referendum $0

Maximum Allowable Amount to be Raised by Taxation $5,055,180Amount to be Raised by Taxation for Municipal Purposes $5,049,457

$5,723

Summary Levy Cap Calculation

Amount to be Raised by Taxation for Municipal Purposes Under/Over Cap (+/-)

2017 Budget – Summary Levy Cap Calculation2016 Amount 2017 Amount Change

NET VALUATION TAXABLE 504,921,584$ 504,103,965$ (817,619)$

VALUE OF ONE PENNY 50,492 50,410 (82)

AMOUNT TO BE RAISED BY TAXES LOCAL 4,947,862$ 5,049,457$ 101,596$

LIBRARY 167,890 168,475 585

TOTAL 5,115,752$ 5,217,932$ 102,181$

MAXIMUM TAX LEVY PER STATE 5,357,230$ 5,055,180$ (302,050)$

UNDER CAP - AVAILABLE FOR BANKING 409,368 5,723

PY CAP BANK UTILIZED -$ -$ -$

TAX RATE 2016 RATE 2017 RATE CHANGE

LOCAL TAX RATE 0.980$ 1.002$ 0.022$

OPEN SPACE TAX RATE 0.033$ 0.033$ -

2017 Budget –Summary Appropriation Cap Calculation

2016 Amount 2017 Amount

Prior Year CAP Base Appropriations 6,020,720$ 6,073,960$ 2014 CAP Bank 170,623$ 2015 CAP Bank 116,170 116,170$ 2016 CAP Bank 210,725

286,793 326,895 Added Assessments 1,087 3,887 0.0% CAP (2016 Budget) - 0.5% CAP (2017 Budget) 30,370 3.5% CAP per COLA Ordinance 210,725 3.0% CAP per COLA Ordinance 182,219

210,725 212,589

6,519,325$ 6,617,331$

Total Available - Appropriation 6,519,325$ 6,617,331$ Total Appropriated 6,073,960 6,567,647

UNDER CAP 445,365$ 49,684$

Analysis of 

2017 Budget

Amount Percent2017 Budget Revenues

Fund Balance Anticipated as Revenue $759,085 9.2 Miscellaneous Local Revenues 350,819 4.3 State Aid Revenues 887,179 10.8 Shared Service Agreements 189,211 2.3 Other Special Items of Revenue 560,774 6.8 Receipts from Delinquent Taxes 275,000 3.3 Amount to be Raised By Taxation 5,217,932 63.3

Total Revenues $8,240,000 100.0

Analysis of 2017 BudgetComparison of Budget Revenues

2017 2016 Increase/ PercentRevenues Amount Amount (Decrease) Change

Fund Balance Anticipated as Revenue $759,085 $574,085 $185,000 32.23% Miscellaneous Local Revenues 350,819 360,109 (9,290) -2.58% State Aid Revenues 887,179 887,179 - 0.00% Shared Service Agreements 189,211 189,211 - 0.00% Other Special Items of Revenue 560,774 522,404 38,370 7.34% Receipts from Delinquent Taxes 275,000 435,000 (160,000) -36.78% Amount to be Raised By Taxation 5,217,932 5,115,752 102,181 2.00%

Total Revenues $8,240,000 $8,083,740 $156,260 1.93%

Analysis Of

2017 Budget 

Appropriations

Amount Percent2017 Budget Appropriations

General Operations $6,207,560 75.3 Deferred Charges and Statutory Expenditures 885,547 10.7 Capital Improvements 25,000 0.3 Debt Service-Municipal 646,939 7.9 Reserve for Uncollected Taxes 474,954 5.8

Total Appropriations $8,240,000 100.00

Breakdown of 2017 Tax RateRunnemede Borough

2017 BudgetRunnemede Borough