2021 | 2021 Municipal Budget |
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2020 | of the | | Borough | | of | Pompton Lakes | , |
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| County of | Passaic | | for the fiscal year 2021 . |
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| Revenue and Appropriation Summaries |
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| Summary of Revenues | Anticipated |
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| | | | | | 2021 | 2020 |
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| 1. Surplus | | | | 1,600,000.00 | 1,200,000.00 |
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| 2. Total Miscellaneous Revenues | | | 2,018,511.87 | 2,722,422.56 |
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| 3. Receipts from Delinquent Taxes | | | 430,000.00 | 430,000.00 |
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| 4. a) Local Tax for Municipal Purposes | | | 10,295,375.00 | 10,255,329.50 |
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| b) Addition to Local District School Tax | | | | |
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| c) Minimum Library Tax | | | 426,030.00 | 422,639.50 |
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| Tot Amt to be Rsd by Taxes for Sup of Mun. Bud | 10,721,405.00 | 10,677,969.00 |
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| | | Total General Revenues | 14,769,916.87 | 15,030,391.56 |
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| Summary of Appropriations | 2021 Budget | Final 2020 Budget |
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| 1. Operating Expenses: Salaries & Wages | | | 5,369,512.00 | 5,251,369.00 |
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| | | Other Expenses | | | 6,254,303.87 | 6,767,827.56 |
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| 2. Deferred Charges & Other Appropriations | | 1,337,086.00 | 1,219,742.00 |
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| 3. Capital Improvements | | | 180,000.00 | 180,000.00 |
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| 4. Debt Service (Include for School Purposes) | | 849,015.00 | 841,453.00 |
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| 5. Reserve for Uncollected Taxes | | | 780,000.00 | 770,000.00 |
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| | | Total General Appropriations | 14,769,916.87 | 15,030,391.56 |
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| Total Number of Employees | | | 83 | 83 |
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| Balance of Outstanding Debt |
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| | | | | | General | Water Utility |
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| Interest Budgeted | | | | 109,015.00 | |
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| Principal Budgeted | | | 740,000.00 | |
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| Outstanding Balance | | | 8,834,665.00 | |
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| Notice is hereby given that the budget and tax resolution was approved by the Governing Body of the |
| Borough of Pompton Lakes , County of Passaic on March 10 , 2021. |
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| A hearing on the Budget and Tax Resolution will be held at The Municipal Building , on April 14, 2021. |
| at 7:30 o'clock P.M. at which time and place objections to the Budget and Tax Resolution for the year |
| 2021 may be presented by taxpayers or other interested persons. |
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| The meeting may be held remotely due to COVID 19 pandemic. Information on participating in the |
| meeting will be posted on the Borough's website - pomptonlakes-nj.gov |
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| Copies of the Budget are available in the office of the Borough Clerk at the Municipal Building, |
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| 25 Lenox Avenue , Pompton Lakes , New Jersey , Phone # 973-835-0143 ext. 238 during the hours |
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| of 9:00 A.M. to 4:30 P.M. or on the Borough's website - pomptonlakes-nj.gov. |
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