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%
