2020 Municipal Budget of the BOROUGH of RIVERTON County of BURLINGTON for the fiscal year 2020.

Revenue and Appropriations Summaries

Summary of Revenues Anticipated
2020 2019
1. Surplus 225,000.00 200,000.00
2. Total Miscellaneous Revenues 933,177.27 890,434.77
3. Receipts from Delinquent Taxes 131,000.00 130,000.00
4. a) Local Tax for Municipal Purposes 2,062,044.90 2,064,460.94
b) Addition to Local School District Tax
c) Minimum Library Tax
Tot Amt to be Rsd by Taxes for Sup of Muni Bnd 2,062,044.90 2,064,460.94
Total General Revenues 3,351,222.17 3,284,895.71

Summary of Appropriations 2020 Budget Final 2019 Budget
1. Operating Expenses: Salaries & Wages 1,049,979.00 1,073,530.00
Other Expenses 1,641,204.27 1,524,964.49
2. Deferred Charges & Other Appropriations 257,748.00 227,564.00
3. Capital Improvements 59,475.00
4. Debt Service (Include for School Purposes) 221,050.00 222,073.00
5. Reserve for Uncollected Taxes 181,240.90 177,289.22
Total General Appropriations 3,351,222.17 3,284,895.71
Total Number of Employees 13 13

Balance of Outstanding Debt
General
Interest 579,750.00
Principal 1,860,000.00
Outstanding Balance 2,439,750.00

Notice is hereby given that the budget and tax resolution was approved by the COUNCIL MEMBERS of the BOROUGH  of RIVERTON , County of BURLINGTON on March 17 , 2020.  A hearing on the budget and tax resolution will be held at the Borough Hall , on April 21 , 2020 at 7:00 o’clock PM at which time and place objections to the Budget and Tax Resolution for the year 2020 may be presented by taxpayers or other interested parties. Copies of the budget are available in the office of Michelle Hack, Municipal Clerk at the Municipal Building, 505A Howard Street, Riverton 856-829-0120 New Jersey,08077  during the hours of 8:30 AM  to 4:00 PM In the event the office is closed to the public due to COVID-19 you may access the budget at http://www.riverton-nj.com/wp-content/uploads/2020/03/2020-Introduced-Budget.pdfor call the office to have a copy provided by mail service.