Presented by David Barnett (Finance Committee Chair) and David Amlen (Mayor) on April 18-19, 2013. Summary: - Initial objective to control taxes and minimize any increase to the residents 2013 budget is very close to 2012 levels - $5.85 (0.18%) increase per average household for the year [ local tax only] - No reduction current township services - Despite $650,000 in expenses from Sandy, the budget increase is minor - Increases efficiencies that will benefit the Town in 2014 - Maintains strong surplus for extraordinary events bond rating and 2014 budget

1. 2013 Budget
Town Hall Meetings
April 18, 2013 & April 19, 2013
Presented by:
David Barnett, Finance Committee Chair
David Amlen, Mayor
Township of Springfield

2. • Local, 32%
• County, 19%
• Schools, 49%
Property Tax Breakout*
Local
County
Schools
*2013 Estimate, Not certified as of 4/18/2013

3. • Deliver a local budget that minimizes the tax
burden on the resident
• Develop new revenue streams
• Maintain or improve current levels of services
• Protect funding for PUBLIC SAFETY
• Prevent layoffs or furloughs
• Control departmental spending
• No new full-time hires
• Maintain healthy surplus to support bond rating,
extraordinary events and the 2014 budget
Budget Objectives

4. TAX INCREASE per AVG HOUSEHOLD*
0.18% = $5.85
Appropriations
2013 $ 29,713,758
2012 $ 29,329,096
Increase $384,662
*Local Only

5. Appropriations – Break Out
2013 2012 % ch
OPERATING EXPENSES $18,752,437 $18,530,450 1.2%
WAGES $10,961,321 $10,798,646 1.5%
TOTAL $29,713,758 $29,329,096 1.3%

6. Revenue
2013 (Budget) 2012 (Budget)
Surplus Anticipated $ 2,995,404 $ 2,893,406
Local Revenues $ 761,001 $ 774,000
State Aid $ 1,753,357 $ 1,753,357
Construction Code Fees $ 215,000 $ 50,000
Inter-local Agrmt BOE $ 100,000 $ 100,000
Grant Money $ 32,997 $ 80,603
Other Revenue $ 718,900 $ 620,000
Delinquent tax $ 630,000 $ 676,000
FEMA SANDY $ 100,000 n/a
General Revenues $ 7,306,659 $ 6,947,367
Library Tax $ 898,504 $ 943,012
Local Municipal Tax $ 21,508,596 $ 21,438,717
Total General Revenue $ 29,713,758 $ 29,329,096

7. Top 10 Expenses
2013 2012 %
Medical Insurance $3,813,553 $3,431,596 11.1%
RVSA Sewer $2,250,500 $2,084,251 7.9%
Police & Fire Retirement $1,387,900 $1,359,055 2.1%
Bond Principal $1,210,000 $1,210,000 0.0%
Library $1,023,600 $1,093,581 -6.4%
Reserve Uncollected Tax $1,000,000 $1,000,000 0.0%
Red Light Camera $456,000 n/a n/a
BAN Principal $710,000 $322,857 119.9%
Insurance Liability $495,479 $480,500 3.1%
Public Employee Retirement $475,810 $503,787 -5.6%
TOTAL $12,822,842 $11,485,627 11.6%

8. • Passaic River Litigation – $95,000 Settlement
• Super Storm Sandy cost the town about $650,000.
About $252,000 must be absorbed by the town a
portion of the remainder is expected from FEMA
• The Red Light Camera is anticipated to generate
$656,000 in total revenue yielding $200,000 in net
revenue. The cost to the Township is $456,000
• A Bond Anticipation Notes (BAN) principal payment
of $710,000 is planned. This payment will reduce
the Town’s debt as well as future expenses.
2013 Special Expenses

9. • $2,600,000 has been earmarked for capital
improvements
– New Road Paving and Improvements
– Dike and Flood Prevention Upgrades
– Sewer Improvements
– Storm Preparedness
– Chisholm Senior & Recreation Center Restoration
– Pool Filter Replacement
– New Police and Fire Equipment
– Continue Downtown Redevelopment Efforts
Capital Improvements

10. • Initial objective to control taxes and minimize any
increase to the residents
• 2013 budget is very close to 2012 levels
• $5.85 (0.18%) increase per average household for
the year [ local tax only]
• No reduction current township services
• Despite $650,000 in expenses from Sandy, the
budget increase is minor
• Increases efficiencies that will benefit the Town in
2014
• Maintains strong surplus for extraordinary events
bond rating and 2014 budget
Summary