2003 Municipal Budget of The Township of Wall, County of Monmouth, for fiscal year 2003

2003 General Fund
Anticipated
Summary of Revenues
2003
2002
1. Surplus
$   2,350,000.00
$   3,037,505.00
2. Total Miscellaneous Revenues
$   6,781,214.30
$   7,241,020.30
3. Receipts from Delinquent Taxes
$   1,100,000.00
$   1,400,000.00
4. Local Tax for Municipal Purposes
$   14,366,203.58
$   12,261,552.64
Total General Revenues
$   24,597,417.88
$   23,940,077.94

Summary of Appropriations
2003 Budget
2002 Budget
1. Operating Expenses: Salaries and Wages
$   12,618,319.53
$   11,933,934.78
Other Expenses
$   6,327,000.00
$   6,179,200.00
2. Deferred Charges and Other Appropriations
$   760,201.72
$   1,067,920.00
3. Capital Improvements
$   225,000.00
$   175,000.00
4. Debt Service
$   2,767,741.54
$   2,356,812.73
5. Reserve for Uncollected Taxes
$   1,899,155.09
$   2,227,210.43
Total General Appropriations
$   24,597,417.88
$   23,940,077.94

2003 Dedicated Water/Sewer Utility Budget
Anticipated
 
2003
2002
1. Surplus
$   613,000.00
$   1,100,000.00
2. Total Miscellaneous Revenues
$   9,080,000.00
$   8,505,000.00
Total Revenues
$   9,693,000.00
$   9,605,000.00

Summary of Appropriations
2003 Budget
2002 Budget
1. Operating Expenses: Salaries and Wages
$   800,000.00
$   735,000.00
Other Expenses
$   6,847,580.00
$   6,657,212.00
2. Deferred Charges and Other Appropriations
$   57,945.00
$   482,509.00
3. Capital Improvements
$   500,000.00
$   250,000.00
4. Debt Service
$   1,487,475.00
$   1,480,279.00
Total General Appropriations
$   9,693,000.00
$   9,605,000.00

Balance of Outstanding Debt
General
Water/Sewer Utility
Interest [Estimated]
$   7,937,922
$   4,958,925
Principal [Actual]
$   26,126,368
$   16,321,487

Notice is hereby given that the Budget and Tax Resolution was approved by the Township Committee of the Township of Wall, County of Monmouth, on March 12, 2003.

A hearing on the Budget and Tax Resolution will be held at The Municipal Complex, on April 9th , 2003 at 8:00 o'clock p.m. at which time and place objections to said Budget and Tax Resolution for the year 2003 may be presented by taxpayers or other interested persons.

Copies of the budget are available in the office of the Municipal Clerk at the Municipal Building, 2700 Allaire Rd., New Jersey, 732-449-8444, during the hours of 8:30 A.M. to 4:30 P.M.