introduced budget

8/14/2019 Introduced Budget

1/12

City of HobokenCity of Hoboken

SFY 2010SFY 2010Introduced Municipal & Introduced Municipal &

Parking Utility BudgetParking Utility 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


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


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


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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


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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


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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%


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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


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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


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


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


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

introduced budget

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