City of Hoboken

SFY 2010

Introduced Municipal &

Parking Utility Budget
 Summary of SFY2009 Budget Results

 APPROPRIATION  REVENUES

 Total Appropriations $124,540,907  Anticipated Revenues $124,540,907

 Actual Revenues $134,212,051

 Amount Expended $118,091,429


 Excess Revenue to Surplus $9,671,144
Appropriations Reserve $6,449,478
 What does This Budget Do?
 Reduces 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 a
starting point

 Accurately assesses what it cost to run the City’s operations

 Supplies staffing in areas that will better serve the public health & safety

 Reestablishes the Cross Town Bus

 Addresses the need of parking and transportation within the City while increasing
revenue for the City

 Provides for a Capital Plan for Various Capital Projects neglected for years such as: Much
needed Road Repairs, new public safety equipment and other items (see Capital Budget
for details)

 Supplies the Police Department with 5 new police vehicles

 Technology upgrades including: Computers, network & other communication

improvements
 SFY 2010 Budget Summary
 APROPRIATIONS  REVENUES
 Surplus Anticipated $3,000,000
 Operations:
Miscellaneous Revenues:
Within CAPS $75,583,249 Local Revenue $21,762,189
Statutory Expenditures $7,723,750 State Aid $14,517,355
Outside Cap $4,450,003 UCC Fees $577,781
Other Special Revenue $2,757,673
Capital Improvements $250,000
Municipal Debt Service $8,659,817 Total Miscellaneous Revenue $40,154,998
Total Deferred Charges $1,619,392 Subtotal General Revenue $43,154,998
Judgments $100,000
Reserve For Uncollected Taxes $380,000 Amount To Be Raised by Taxes $55,611,214

Total General Appropriations $98,766,212 Total General Revenues $98,766,212

 Cost Drivers

 Health Care Cost $14,800,000

 Pension Increase $3,266,918
 Retroactive Pay $3,000,000
 Salary & Wage Increase $2,900,000
 Deferred Charges $1,619,392
 Salary Settlements $1,500,000
 Irresponsible Debt Management $1,200,000
 Decrease in State Aid $505,000
 Decrease in Revenue $160,000
 Discretionary Spending Analysis
Total Budget $98,766,211
 Non Discretionary
Deferred Charges $1,619,392
 Debt Service $8,659,817
 Pension $6,886,454
 Salary & Wages $44,186,158
 Statutory Obligations $1,937,296
 Health Benefits/other Insurance $15,985,031
 Salary Settlements & Adjustments $4,500,000
 Library $3,350,000
 Other $1,830,000
 Reserve For Uncollected Taxes $380,000
 Total Non Discretionary $89,334,152

 Discretionary Spending $9,432,059

 Explanation of 2010 and
Projection of 2011 Budgets
2009 2010 2011

Total Appropriations $124,540,907 $98,766,211 $98,766,211

Less:
General Revenues ($64,118,907) ($43,154,998) ($43,154,998)

Items in 2010 not

in 2011 ($11,194,426)

Plus:
New Pilot $1,700,000
__________________________________________________

Amount to be Raised $60,422,000 $55,611,213 $42,716,787

% Decrease From PY 8.0% 21.4%

% Decrease from 2009 27.6%

 Items in 2010 not in 2011

 TAN Interest $1,100,426

 Salary Adjustment $3,000,000
 Salary Increase $1,674,000
 Pension Reduction $600,000
 Attrition $3,000,000
 Note Interest Savings $820,000
 Health Insurance Savings $1,000,000

 Total Savings $11,194,426

 Salary & Wages vs. All
Appropriations
Salary & Wages
Deferred Charges, Reserve for
1.64% Uncollected Taxes, Insurance
Other Statutory, 0.38%
Other , 0.38% Operating Expenditures
1.96%
Capital, 0.25%
Utilities, 2.24% Debt Service

Salary Adjustments & Pension

Settlements, 4.56%
Salary Adjustments &
Pension, 6.94% Settlements
Salary & Wages, Utilities
Debt Service, 8.77% 44.74%
Other Statutory

Operating Deferred Charges

Expenditures, 11.96%
Reserve for Uncollected
Taxes
Other
Insurance, 16.18%
Capital
Salary & Wage by Department

Corporation Council, Clerk, 1.10%

1.12%
Mayor & Council,
1.09%
Uniform Construction,
1.72% Community
Development, 1.05% Police

Administration, 2.11% Fire

Other, 0.48% Environmental Services

Courts, 2.45%
Human Services
Department of Department of Revenue &
Revenue & Finance, Finance
Courts
3.17%
Human Services Administration
5.41% Uniform Construction
Police, 40.35%
Environmental Corporation Council
Services, 9.38% Clerk

Mayor & Council

Community Development

Other

Fire, 30.57%
 Comparison of Department Cost
Total Equals $55,337,268
Community Development,
1.21% Clerk, 0.89%
Police
Uniform Construction,
1.41% Mayor & Council, 0.41% Fire
Administration, 1.69% Environmental Services
Courts, 2.29%
Library

Human Services
Corporation Council, 2.31% Police, 24.74%
Department of Revenue
Department of Revenue & & Finance
Finance Corporation Council
2.34%
Courts

Human Services Administration

2.79%
Uniform Construction

Library, 4.89% Community

Development
Clerk

Mayor & Council

Environmental Services,
6.05%

Fire, 16.20%
County, School & Municipal Levy
Board of
Education
Municipal $35,242,372
Open Space 26.19%
Municipal $599,615
Levy 0.45%
$58,093,343
43.17%

School Board Levy

County Levy

County Open Space Levy

Municipal Open Space Levy

Municipal Levy
County Open
Space
1,040,053
0.77%
County Levy
$39,598,326
29.43%