City of Hoboken SFY 2010 Introduced Municipal & Parking Utility Budget
Summary of SFY2009 Budget Results
APPROPRIATION
Total Appropriations
$124,540,907
Amount Expended
$118,091,429
Appropriations Reserve
$6,449,478
REVENUES
Anticipated Revenues
Actual Revenues
Excess Revenue to Surplus
$124,540,907
$134,212,051
$9,671,144
What does This Budget Do?
Reduces 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 a starting point
Accurately assesses what it cost to run the City’s operations
Supplies staffing in areas that will better serve the public health & safety
Reestablishes the Cross Town Bus
Addresses the need of parking and transportation within the City while increasing revenue for the City
Provides for a Capital Plan for Various Capital Projects neglected for years such as: Much needed Road Repairs, new public safety equipment and other items (see Capital Budget for details)
Supplies the Police Department with 5 new police vehicles
Technology upgrades including: Computers, network & other communication improvements
SFY 2010 Budget Summary
APROPRIATIONS
Operations: Within CAPS Statutory Expenditures Outside Cap
$75,583,249 $7,723,750 $4,450,003
Capital Improvements $250,000 Municipal Debt Service $8,659,817 Total Deferred Charges $1,619,392 Judgments $100,000 Reserve For Uncollected Taxes $380,000
Total General Appropriations $98,766,212
REVENUES
Surplus Anticipated Miscellaneous Revenues: Local Revenue State Aid UCC Fees Other Special Revenue
$3,000,000 $21,762,189 $14,517,355 $577,781 $2,757,673
Total Miscellaneous Revenue Subtotal General Revenue
$40,154,998 $43,154,998
Amount To Be Raised by Taxes
$55,611,214
Total General Revenues
$98,766,212
Cost Drivers
Health Care Cost Pension Increase Retroactive Pay Salary & Wage Increase Deferred Charges Salary Settlements Irresponsible Debt Management Decrease in State Aid Decrease in Revenue
$14,800,000 $3,266,918 $3,000,000 $2,900,000 $1,619,392 $1,500,000 $1,200,000 $505,000 $160,000
Discretionary Spending Analysis Total Budget Non Discretionary Deferred Charges Debt Service Pension Salary & Wages Statutory Obligations Health Benefits/other Insurance Salary Settlements & Adjustments Library Other Reserve For Uncollected Taxes Total Non Discretionary
Discretionary Spending
$98,766,211 $1,619,392 $8,659,817 $6,886,454 $44,186,158 $1,937,296 $15,985,031 $4,500,000 $3,350,000 $1,830,000 $380,000 $89,334,152
$9,432,059
Explanation of 2010 and Projection of 2011 Budgets 2009
2010
2011
Total Appropriations
$124,540,907
$98,766,211
$98,766,211
Less: General Revenues
($64,118,907)
($43,154,998)
($43,154,998)
Items in 2010 not in 2011 Plus: New Pilot Amount to be Raised % Decrease From PY % Decrease from 2009
($11,194,426) $1,700,000 __________________________________________________ $60,422,000
$55,611,213 8.0%
$42,716,787 21.4% 27.6%
Items in 2010 not in 2011
TAN Interest Salary Adjustment Salary Increase Pension Reduction Attrition Note Interest Savings Health Insurance Savings
Total Savings
$1,100,426 $3,000,000 $1,674,000 $600,000 $3,000,000 $820,000 $1,000,000
$11,194,426
Salary & Wages vs. All Appropriations Salary & Wages Deferred Charges, 1.64% Other Statutory, 1.96%
Reserve for Uncollected Taxes, 0.38% Other , 0.38% Capital, 0.25%
Utilities, 2.24% Salary Adjustments & Settlements, 4.56%
Insurance Operating Expenditures Debt Service Pension Salary Adjustments & Settlements
Pension, 6.94% Salary & Wages, 44.74%
Debt Service, 8.77%
Utilities Other Statutory Deferred Charges
Operating Expenditures, 11.96%
Reserve for Uncollected Taxes Other Insurance, 16.18% Capital
Salary & Wage by Department Corporation Council, 1.12%
Clerk, 1.10% Mayor & Council, 1.09%
Uniform Construction, 1.72%
Community Development, 1.05%
Police Fire
Administration, 2.11% Other, 0.48%
Courts, 2.45%
Environmental Services Human Services
Department of Revenue & Finance, 3.17%
Department of Revenue & Finance Courts Administration
Human Services 5.41%
Police, 40.35%
Uniform Construction Corporation Council
Environmental Services, 9.38%
Clerk Mayor & Council Community Development Other
Fire, 30.57%
Comparison of Department Cost Total Equals $55,337,268
Community Development, 1.21% Uniform Construction, 1.41%
Clerk, 0.89%
Police Mayor & Council, 0.41%
Administration, 1.69%
Fire Environmental Services
Courts, 2.29%
Library Human Services
Corporation Council, 2.31%
Police, 24.74%
Department of Revenue & Finance 2.34%
Department of Revenue & Finance Corporation Council Courts
Human Services 2.79%
Administration Uniform Construction Community Development Clerk
Library, 4.89%
Mayor & Council Environmental Services, 6.05% Fire, 16.20%
County, School & Municipal Levy Municipal Levy $58,093,343 43.17%
Municipal Open Space $599,615 0.45%
Board of Education $35,242,372 26.19%
School Board Levy County Levy County Open Space Levy Municipal Open Space Levy
County Open Space 1,040,053 0.77%
Municipal Levy
County Levy $39,598,326 29.43%