2019 Municipal Budget of the Borough of Riverton

Revenue and Appropriation Summaries

Summary of Revenues Anticipated 2019           2018
1. Surplus                                     200,000.00       185,000.00
2. Total Miscellaneous Revenues 875,590.18 962,492.28
3. Receipts from Delinquent Taxes 130,000.00 130,000.00
4. a) Local Tax for Municipal Purposes 2,064,460.94 2,065,218.37
b) Addition to Local District School Tax
Tot Amt to be Rsd by Taxes for Sup of Muni Bud 2,064,460.94 2,065,218.37
Total General Revenues 3,270,051.12 3,342,710.65

Summary of Appropriations 2019 Budget 2018 Budget
1. Operating Expenses: Salaries & Wages 1,073,530.00 1,009,329.48
Other Expenses 1,510,119.90 1,650,944.80
2. Deferred Charges & Other Appropriations 227,564.00 179,555.00
3. Capital Improvements 59,475.00 27,137.00
4. Debt Service (Include for School Purposes) 222,073.00 300,440.00
5. Reserve for Uncollected Taxes 177,289.22 175,304.37
Total General Appropriations 3,270,051.12 3,342,710.65
Total Number of Employees 13 13

Balance of Outstanding Debt
General Water Utility Sewer Utility Utility – Other
Interest 666,822.92
Principal 1,995,000.00
Outstanding Balance 2,661,822.92

Notice is hereby given that the Budget and Tax Resolution was approved by the Mayor
and Council of the Borough of Riverton, County of Burlington, on March 19, 2019.

A hearing on the budget and tax resolution will be held at the Borough Hall on April 16, 2019 at
7:00 P.M. at which time and place objections to the Budget and Tax Resolution for the
year 2019 may be presented by taxpayers or other interested persons.

Copies of the budget are available in the office of Michelle Hack, Borough Clerk at the
Municipal Building, 505 A Howard Street, New Jersey, (856) 829-0120 during the hours of
8:30 A.M to 4:00 P.M.