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8/14/2019 Introduced Budget
1/12
City of HobokenCity of Hoboken
SFY 2010SFY 2010Introduced Municipal & Introduced Municipal &
Parking Utility BudgetParking Utility Budget
8/14/2019 Introduced Budget
2/12
Summary of SFY2009 Budget ResultsSummary of SFY2009 Budget Results
APPROPRIATIONAPPROPRIATION
Total Appropriations $124,540,907Total Appropriations $124,540,907
Amount ExpendedAmount Expended $118,091,429$118,091,429
Appropriations Reserve $6,449,478Appropriations Reserve $6,449,478
REVENUESREVENUES
Anticipated Revenues $124,540,907Anticipated Revenues $124,540,907
Actual RevenuesActual Revenues $134,212,051$134,212,051
Excess Revenue to Surplus $9,671,144Excess Revenue to Surplus $9,671,144
8/14/2019 Introduced Budget
3/12
What does This Budget Do?What does This Budget Do?Reduces the Amount To Be Raised by 8% From $60,442,000 to $55,611,214Reduces the Amount To Be Raised by 8% From $60,442,000 to $55,611,214
Applies a zero base budgeting approach using historical date as a reference not aApplies a zero base budgeting approach using historical date as a reference not astarting pointstarting point
Accurately assesses what it cost to run the Citys operationsAccurately assesses what it cost to run the Citys operations
Supplies staffing in areas that will better serve the public health & safetySupplies staffing in areas that will better serve the public health & safety
Reestablishes the Cross Town BusReestablishes the Cross Town Bus
Addresses the need of parking and transportation within the City while increasingAddresses the need of parking and transportation within the City while increasingrevenue for the Cityrevenue for the City
Provides for a Capital Plan for Various Capital Projects neglected for years such as: MuchProvides for a Capital Plan for Various Capital Projects neglected for years such as: Muchneeded Road Repairs, new public safety equipment and other items (see Capital Budgetneeded Road Repairs, new public safety equipment and other items (see Capital Budgetfor details)for details)
Supplies the Police Department with 5 new police vehiclesSupplies the Police Department with 5 new police vehicles
Technology upgrades including: Computers, network & other communicationTechnology upgrades including: Computers, network & other communicationimprovementsimprovements
8/14/2019 Introduced Budget
4/12
SFY 2010 Budget SummarySFY 2010 Budget Summary
APROPRIATIONSAPROPRIATIONS
Operations:Operations:
Within CAPS $75,583,249Within CAPS $75,583,249Statutory Expenditures $7,723,750Statutory Expenditures $7,723,750Outside Cap $4,450,003Outside Cap $4,450,003
Capital Improvements $250,000Capital Improvements $250,000Municipal Debt Service $8,659,817Municipal Debt Service $8,659,817Total Deferred Charges $1,619,392Total Deferred Charges $1,619,392Judgments $100,000Judgments $100,000Reserve For Uncollected TaxesReserve For Uncollected Taxes $380,000$380,000
Total General Appropriations $98,766,212Total General Appropriations $98,766,212
REVENUESREVENUES
Surplus Anticipated $3,000,000Surplus Anticipated $3,000,000Miscellaneous Revenues:Miscellaneous Revenues:
Local Revenue $21,762,189Local Revenue $21,762,189State Aid $14,517,355State Aid $14,517,355UCC Fees $577,781UCC Fees $577,781Other Special RevenueOther Special Revenue $2,757,673$2,757,673
Total Miscellaneous RevenueTotal Miscellaneous Revenue $40,154,998$40,154,998
Subtotal General Revenue $43,154,998Subtotal General Revenue $43,154,998
Amount To Be Raised by TaxesAmount To Be Raised by Taxes $55,611,214$55,611,214
Total General Revenues $98,766,212Total General Revenues $98,766,212
SFY 2010 Budget Summary
8/14/2019 Introduced Budget
5/12
Cost DriversCost Drivers
Health Care Cost $14,800,000Health Care Cost $14,800,000Pension Increase $3,266,918Pension Increase $3,266,918Retroactive Pay $3,000,000Retroactive Pay $3,000,000
Salary & Wage Increase $2,900,000Salary & Wage Increase $2,900,000Deferred Charges $1,619,392Deferred Charges $1,619,392Salary Settlements $1,500,000Salary Settlements $1,500,000Irresponsible Debt Management $1,200,000Irresponsible Debt Management $1,200,000
Decrease in State Aid $505,000Decrease in State Aid $505,000Decrease in Revenue $160,000Decrease in Revenue $160,000
8/14/2019 Introduced Budget
6/12
Discretionary Spending AnalysisDiscretionary Spending Analysis
Total Budget $98,766,211Total Budget $98,766,211Non DiscretionaryNon DiscretionaryDeferred Charges $1,619,392Deferred Charges $1,619,392Debt Service $8,659,817Debt Service $8,659,817Pension $6,886,454Pension $6,886,454
Salary & Wages $44,186,158Salary & Wages $44,186,158Statutory Obligations $1,937,296Statutory Obligations $1,937,296Health Benefits/other Insurance $15,985,031Health Benefits/other Insurance $15,985,031Salary Settlements & Adjustments $4,500,000Salary Settlements & Adjustments $4,500,000Library $3,350,000Library $3,350,000Other $1,830,000Other $1,830,000
Reserve For Uncollected TaxesReserve For Uncollected Taxes $380,000
$380,000Total Non Discretionary $89,334,152Total Non Discretionary $89,334,152
Discretionary Spending $9,432,059Discretionary Spending $9,432,059
8/14/2019 Introduced Budget
7/12
Explanation of 2010 andExplanation of 2010 andProjection of 2011 BudgetsProjection of 2011 Budgets
20092009 20102010 20112011
Total Appropriations $124,540,907 $98,766,211 $98,766,211Total Appropriations $124,540,907 $98,766,211 $98,766,211
Less:Less:
General Revenues ($64,118,907) ($43,154,998) ($43,154,998)General Revenues ($64,118,907) ($43,154,998) ($43,154,998)
Items in 2010 notItems in 2010 notin 2011 ($11,194,426)in 2011 ($11,194,426)
Plus:Plus:New Pilot $1,700,000New Pilot $1,700,000
__________________________________________________ __________________________________________________
Amount to be Raised $60,422,000 $55,611,213 $42,716,787Amount to be Raised $60,422,000 $55,611,213 $42,716,787
% Decrease From PY 8.0% 21.4%% Decrease From PY 8.0% 21.4%
% Decrease from 2009 27.6%% Decrease from 2009 27.6%
8/14/2019 Introduced Budget
8/12
Items in 2010 not in 2011Items in 2010 not in 2011
TAN Interest $1,100,426TAN Interest $1,100,426Salary Adjustment $3,000,000Salary Adjustment $3,000,000Salary Increase $1,674,000Salary Increase $1,674,000
Pension Reduction $600,000Pension Reduction $600,000Attrition $3,000,000Attrition $3,000,000Note Interest Savings $820,000Note Interest Savings $820,000Health Insurance SavingsHealth Insurance Savings $1,000,000$1,000,000
Total Savings $11,194,426Total Savings $11,194,426
8/14/2019 Introduced Budget
9/12
Salary & Wages vs. AllSalary & Wages vs. AllAppropriationsAppropriations
Reserve for Uncollected Taxes,
0.38%
Capital, 0.25%
Other , 0.38%
Deferred Charges,1.64%
Other Statutory,1.96%
Utilities, 2.24%
Salary Adjustments &Settlements, 4.56%
Pension, 6.94%
Debt Service, 8.77%
OperatingExpenditures, 11.96%
Insurance, 16.18%
Salary & Wages,44.74%
Salary & Wages
Insurance
Operating Expenditures
Debt Service
Pension
Salary Adjustments &Settlements
Utilities
Other Statutory
Deferred Charges
Reserve for UncollectedTaxes
Other
Capital
8/14/2019 Introduced Budget
10/12
Salary & Wage by DepartmentSalary & Wage by Department
Human Services5.41%
CommunityDevelopment, 1.05%
Other, 0.48%
Fire, 30.57%
Police, 40.35%Environmental
Services, 9.38%
Department of Revenue & Finance,
3.17%
Mayor & Council,1.09%
Clerk, 1.10%Corporation Council,1.12%
Uniform Construction,1.72%
Administration, 2.11%
Courts, 2.45%
Police
Fire
Environmental Services
Human Services
Department of Revenue &FinanceCourts
Administration
Uniform Construction
Corporation Council
Clerk
8/14/2019 Introduced Budget
11/12
Comparison of Department CostComparison of Department CostTotal Equals $55,337,268Total Equals $55,337,268
Community Development,1.21%
Mayor & Council, 0.41%
Clerk, 0.89%
Police, 24.74%
Fire, 16.20%
Environmental Services,6.05%
Library, 4.89%
Human Services2.79%
Uniform Construction,1.41%
Department of Revenue &Finance2.34%
Administration, 1.69%
orporation Council, 2.31%
Courts, 2.29%
Police
Fire
Environmental Services
Library
Human Services
Department of Revenue& FinanceCorporation Council
Courts
Administration
Uniform Construction
CommunityDevelopmentClerk
Mayor & Council
8/14/2019 Introduced Budget
12/12
County, School & Municipal LevyCounty, School & Municipal Levy
County OpenSpace
1,040,0530.77% County Levy
$39,598,32629.43%
Board of Education$35,242,372
26.19%Municipal
Levy$58,093,343
43.17%
MunicipalOpen Space
$599,6150.45%
School Board Levy
County Levy
County Open Space Levy
Municipal Open Space Levy
Municipal Levy