Caldwell PDF

CALDWELL, NEW JERSEYCALDWELL, NEW JERSEY

Borough of Caldwell2011 Financial Presentation and Town Meeting

July 12, 2011


Ann DassingMayor

Peter MurrayCouncil President – Public Safety

Joseph NortonCommunity RelationsRichard Hauser

PersonnelDouglas Piazza

Long Range PlanningJohn CoylePublic Works

Thomas O’DonnellFinance

2011 Caldwell Governing Body


Lisa O’NeillActing Borough Clerk

Mario BiFalcoDPW Superintendent

Greg SeamanSewer Director

Bill FrintWater Operator

Rob PatersonCCC Director

Greg MasceraBorough Attorney

Kurt DombrowskiChief of Police

Paul MilaniConstruction Official

Anthony GrenciFire Chief

Janet TorsneyInterim Library Director

Paul M. CarelliBorough Administrator

2011 Municipal Departments

Marge CheroneChief Financial Officer

Ida RenneTax Collector

Glenn BeckmeyerBorough Engineer

Marilyn ReeveCourt Administrator

Maria BurakHuman Services Director


2010 Tax Analysis and Review


2010 Final Tax Bill


Municpal 30.3%

MunicpalO/S

0.4%

School49.3%

County20.0%

2010 Tax BreakdownAverage Residential Tax: $9,715

Average Municipal Tax: $2,942

$2,942

$4,790

$1,865

$43


$2,942$2,906

$2,832

$2,654$2,596

$2,256

$1,500

$1,750

$2,000

$2,250

$2,500

$2,750

$3,000

$3,250

2005 2006 2007 2008 2009 2010

5 Year Municipal Tax History – Average Home

(35.8%)

(2.2%)

(6.7%)(2.6%)

(1.2%)

(15.1%)


YearMunicpalRate

AVG Home Assessment

AVG TaxMUNICIPAL

AVG HomeTAX Change

Assessed Value

Municipal Tax Levy

MunicipalLevy Change

2001 3.184 $42,791 $1,362 ‐0.5% $104,337,960 $3,322,201 ‐0.7%

2002 3.180 $42,857 $1,363 0.0% $104,870,892 $3,334,892 0.4%

2003 3.369 $42,837 $1,443 5.9% $105,041,936 $3,538,349 6.1%

2004 3.865 $42,994 $1,662 15.1% $105,695,147 $4,085,441 15.5%

2005 0.522 $432,167 $2,256 35.8% $1,034,280,810 $5,394,080 32.0%

2006 0.605 $429,068 $2,596 15.1% $1,028,587,810 $6,218,644 15.3%

2007 0.617 $430,170 $2,654 2.2% $1,028,111,010 $6,448,402 3.7%

2008 0.656 $431,767 $2,832 6.7% $1,029,857,952 $6,859,914 6.4%

2009 0.672 $432,455 $2,906 2.6% $1,034,926,284 $6,956,929 1.4%

2010 0.680 $432,734 $2,943 1.3% $1,035,457,957 $7,040,232 1.2%

NOTE: 2005 was a revaluation year.

10 Year Caldwell Municipal Tax History


2011 Assessment Summary


2011 Assessment Breakdown

Type of Property Properties Total Assessment Average Percent

Vacant Land 21 $4,840,100 $230,481 0.4%

Residential 1901 $816,744,350 $429,639 70.5%

Commercial 220 $206,092,200 $936,783 17.8%

Personal Property Telephone 1 $4,245,536 $4,245,536 0.4%

Exempt 79 $125,773,000 $1,592,063 10.9%

SUB‐TOTAL 2222 $1,157,695,186 $521,015 100.0%

(Less Exempt) 79 $125,773,000 $1,592,063

NET VALUATION TAXABLE (2011) 2143 $1,031,922,186 $481,532


2011 Caldwell Ratable Analysis

2010 Net Valuation = $1,035,457,957

2011 Net Valuation = $1,031,922,186

Decline = ($3,535,771) = - 0.34%

Total Tax Dollars: ($82,171)

MUNICIPAL TAX DOLLARS = ($24,043)


State Aid ReductionsPension Increases

Revenue Loss


$686,875$686,879

$863,454$838,761

$1,356,834$1,438,030

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2006 2007 2008 2009 2010 2011

5 Year State Aid Reductions

5 Year Cumulative Total: ($2,757,347)

5 Year Percentage Reduction: (52.2%)


$679,782

$547,199$542,555

$505,768

$312,129

$198,097

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

2006 2007 2008 2009 2010 2011

5 Year Increase – NJ State Pension Contributions

5 Year Cumulative Total: $1,596,948

2011 Total Increase: $132,583

2011 Percentage Increase: 24.2%


$1,459,018$1,454,314

$1,549,894

$1,642,687

$1,780,410

$1,840,899

$1,200,000

$1,300,000

$1,400,000

$1,500,000

$1,600,000

$1,700,000

$1,800,000

$1,900,000

2005 2006 2007 2008 2009 2010

Community Center Revenue 2005 - 2010

2005-2009 Revenue Loss: ($936,291)

4 Year Percentage Reduction: (20.9%)


ContractNEGOTIATIONS


5 Year Recreation Shared Services Agreement

$425,000

$479,937$480,437

$511,842

$486,118

$452,472

$400,000

$450,000

$500,000

$550,000

2006 2007 2008 2009 2010 2011

2011 Total Reduction: ($54,937)2011 Percentage Reduction: (11.4%)2012-2020 Agreement: $400,000 per year


$125,000

$178,115$169,271$168,868

$143,730

$133,121

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

2006 2007 2008 2009 2010 2011

Joint Dispatch Shared Services Agreement

2011 Total Reduction: ($53,115)

2011 Percentage Reduction: (29.8%)

2010-2013 Agreement: $125,000 per year


$309,614

$331,779

$310,010

$305,243

$316,458

$286,959

$250,000

$260,000

$270,000

$280,000

$290,000

$300,000

$310,000

$320,000

$330,000

$340,000

$350,000

2006 2007 2008 2009 2010 2011

Garden State Municipal Joint Insurance

2011 Total Reduction: ($22,165)

2011 Percentage Reduction: (6.7%)


Other Contract / Cost Reduction Initiatives

• Board of Health Contract – Bloomfield: 4.0% Reduction

• New 3-Year PBA Contract Agreement – Avoid arbitration / $$

• Public Works Contract under Negotiation

• Copier Leases – Elimination of Printers-Toner: $10,000 Savings

• Police Overtime: $165,212 (09) $112,379 (10): 32% Reduction

• Sale of Fire Truck: $62,000

• Updated the Borough’s Fee Ordinance: July 1, 2011.

GOING FORWARD:

• Potential Shared Services Agreement – Municipal Court

• Solar Energy Initiatives with Essex County – Reduce Energy Costs


InfrastructureUPGRADES


Infrastructure Upgrades 2010 - 2011

• Kiwanis Oval Field Upgrades: Local Aid Grants $750,000

• Parking Deck Rehabilitation Project: $250,000

• Parkway East / West Project: CDBG-Stimulus Grants $234,000

• Prospect / Highview Resurfacing: CDBG Grant: $82,450

• Smull Avenue Resurfacing: DOT Grant $353,000

• Oak Grove Road Resurfacing: CDBG Grant $82,450

• Forest Avenue Resurfacing: DOT Grant: $245,000

• Lane Avenue Water Main Project and Resurfacing

• Bloomfield Avenue Resurfacing – County Project

• Roseland Avenue Resignaling Project – County Project

OVER $1,746,900 IN GRANT FUNDING !!


TechnologyUPGRADES


Technology Initiatives 2010 - 2011

• Online Bill Payment for Taxes and Utility Bills

• Credit Card payment options for the Community Center

• Computerized Lighting Controls for the Kiwanis Oval

• Energy Efficient Lighting Upgrades for the Community Center

• Pool and Gym – NJ Clean Energy Grant: $16,000

• Energy Efficient Heating and Lighting Upgrades DPW

• (6) New Bay Heaters and Lighting – NJ Clean Energy Grant: $32,000

• E-Ticketing System for the Caldwell Police Department

• GIS Mapping for the Water and Sewer Utilities


Infrastructure / Technology GOING FORWARD

• Road Improvement Program – Identify and Prioritize

• Street Signs – upgrades to new reflectivity standards

• Various building upgrades and refurbishing.

• Public Works Vehicles and Equipment

• Police Department Vehicles and Equipment

• Community Center Building Upgrades

• Technology: Computer System upgrades.

• Technology: Website and Email upgrades.

• Technology: Channel 35 and Live Feeds


Notable Events


Notable Events of 2010-2011

• Hired a new Tax / Utility Collector – Ida Renne.

• Implemented a new purchase requisition procedure.

• Hired a Fixed Asset Consultant to identify / track Borough assets.

• Obtained a Standard and Poors Bond Rating Increase to AA-

• Authorized the purchase of Breathing Apparatus for the Fire Dept.

• Identified and Rehabilitated the Community Center Parking Deck.

• In process of improving our Employee Health Plans.


Funding Projects


MUNICIPAL BUDGET• Salaries / Health Benefits / Pension / Services / Police / Fire / Capital

• Average Residential 2010 Tax Bill = $2,942.56

CAPITAL PROJECTS (Debt)• Building Upgrades / Vehicles / Road Improvements / Equipment

• Debt Service = $1,046,248 in 2010.

• Annual Payment in Municipal Budget = $428.24

OPEN SPACE TRUST FUND • Park Improvements / Open Space Purchases / Grants

• Municipal Open Space Tax = $47.23 (1 tax point)

Funding Projects


2011 Municipal Budget


• 2011 Introduced Budget: $ 11,432,018• 2011 Introduced Tax Levy: $ 7,322,790• Surplus Anticipated: $ 176,500• 2010 Municipal Tax Rate: $ 0.680• Average Residential Assessment: $ 429,639• 2011 Municipal Tax Rate (Introduced): $ 0.710

2011 AVG Residential Municipal Tax Increase

$ 106.61

2011 Municipal Tax Summary - INTRODUCED


BUDGET AMENDMENTS


• 2010 Adopted Budget: $ 11,809,280• 2011 Amended Budget: (4.0%) $ 11,334,689• 2011 Amended Tax Levy: (0.0%) $ 7,040,551• Surplus Anticipated: $ 340,500• 2010 Municipal Tax Rate: $ 0.680• 2011 Average Home Assessment: $ 429,639• 2011 Municipal Tax Rate (Amended): $ 0.680

2011 AVG Residential Municipal Tax Increase

$ 0.00

2011 Municipal Tax Summary - AMENDED


Borough of Caldwell2011 Financial Presentation and Town Meeting

July 12, 2011

THANK YOUQuestions and Discussion

Documents

Caldwell PDF