The Municipal budget constitutes the legal authorization to levy taxes and spend public funds.Municipal Budgets control the financial operations and also reflect policy decisions of the governing body. Local government manages its operations by conforming to the revenue and appropriations budget for that year.
Comprises various anticipated receipts including:
• State taxes and grants
• Local fees, permits and fines
• Interest earned
• Fund balance
• Delinquent taxes and the amount to be raised for
local tax purposes
2021 Freehold General Revenues |
|
Surplus Anticipated |
$7,552,950 |
Local Revenues, UCC & Other Special Items |
$2,886,519 |
State Aid: Without Offsetting Appropriations |
$7,436,315 |
Interlocal Service Agreements & State and Federal Grants |
$1,197,536 |
Receipts Delinquent Taxes |
$925,000 |
Taxes for Support of Municipal Budget |
$23,032,983 |
Total General Revenues |
$43,031,303 |
Reflects the line item expenses to meet the operations of local government.
• Must be prudent but reflect the needs of the community.
• Requires a well thought out current and long-range process to allow for
adequate budgeting expenditures to provide the desired services, maintenance of
infastructure and future planning.
• Municipal government is regulated and contained by a spending cap that limits
the amount of increase over prior year's appropriations.
2021 Freehold General Appropriations |
Total General Appropriations within "CAPS" |
$33,245,852 |
Other Operations - Excluded from "CAPS" |
$34,252 |
Shared Service Agreements |
$1,326,733 |
Public and Private Programs |
$321,182 |
Capital Improvements |
$400,000 |
Municipal Debt Service |
$4,738,099 |
Reserve for Uncollected Taxes & BPPT BOEs |
$2,965,185 |
Total General Appropriations |
$43,031,303 |