2010 Kingwood Township Tax Distribution
County Tax 16.3%
Library 1.4%
County Open Space 1.7%
District School 44.4% Regional School
25.2%
Local Municipal Tax 9.5%
Municipal Open Space 1.5%
The above chart indicates the percentages of the Township’s 2010 tax rate of
$2.015. Kingwood Township School represented 44.4% or $5,425,640, Delaware
Valley Regional School represented 25.2% or $3,069,780.68, Hunterdon County
represented 19.4% or $2,367,738.41, Kingwood Township’s operating expenses
represented 9.5% or $1,162,954 and the municipal open space represented 1.5%
or $181,900.
In 2011, Kingwood Township was awarded a grant in the amount of
$62,232.00 to fund the replacement of the heating and air conditioning
units in the Municipal Building, as well as energy efficient, motion
activated inside and outside lighting. The Township will also have new
energy efficient lighting installed at the park facilities, the Public Works
Garage and the Old Fairview School. The total cost of the installation is
$70,387.00, of which $8,155.00 is Kingwood Township’s share.
Photo courtesy of Amazon.com
In 2011, Kingwood Township has started to realize the benefit of the
installation of the solar panels on the Department of Public Works building.
The Township sold the Solar Renewable Energy Credits (SRECS) generated by
the system since August of 2010 for $14,355.00. The Township is generating
approximately 3 SRECS per month. At the current market price, it will
generate approximately $1,900.00 per month. The revenue will help replenish
the surplus the Township utilizes each year to help offset the following years’
budget needs.
The following Budget is presented for your review as required by the statutes of the State of New Jersey. Prior to the actual Budget, the Township
has included an analysis of the proposed tax levy as compared to the actual tax levy for the year 2011.
The actual Budget is presented in such a way that you may easily distinguish the prior year’s budget and actual figures in comparison
to this year’s projection. The revenues reflect a decrease over last year’s budget of $13,392.41. Also, this year’s appropriations reflect
a decrease of $13,392.41 over last year’s final adopted budget.
I. Tax Levy Calculation:
As of the date of introduction of this budget, other tax requirements have not been determined. Therefore, the 2011 tax levies
are subject to revision when final certification is made by the County Board of Taxation.
Levy Cap Calculation:
Prior Year amount to be raised by taxation for Municipal Purposes:
$ 1,162,954.00
Add: 2% increase allowed
$ 23,259.00
Exclusions:
Allowable pension increase
$ 12,078.00
Allowable LOSAP increase
$ 2,133.00
Additions:
New ratables adjustment
$ 5,505.00
Maximum Allowable Amount to be Raised by Taxation
$ 1,205,929.00
Actual Amount to be Raised by Taxation
$ 1,162,954.00
2006-2011 SALARY
COMPARISON
Salary line items have
increased a total of
17.62% in five years.
$717,291.99 $792,570.00 $837,365.00 $834,352.50 $803,427.50 $824,078.00 $843,643.00 640,000.00 660,000.00 680,000.00 700,000.00 720,000.00 740,000.00 760,000.00 780,000.00 800,000.00 820,000.00 840,000.00 860,000.002006 – 2011
OTHER
EXPENSE COMPARISON
Other expenses have
increased a total of
27.24% since 2006.
$897,078.94 $953,924.04 $1,072,342.65 $1,152,111.29 $1,086,546.67 $1,130,169.14 $1,141,432.73 -200,000.00 400,000.00 600,000.00 800,000.00 1,000,000.00 1,200,000.00 1,400,000.002006-2011
DEFERRED CHARGES
COMPARISON
In the last five years,
Kingwood Township
has funded a review of
the Master Plan
elements. This is the last
year for the deferred
payment charge.
$7,045.09 $41,186.11 $53,459.80 $60,000.00 $60,286.10 $63,791.00 $30,000.00 -10,000.00 20,000.00 30,000.00 40,000.00 50,000.00 60,000.00 70,000.00DEFERRED CHARGES
2006-2011 CAPITAL
IMPROVEMENT
FUNDING
Through Kingwood
Township’s Capital
Improvement Funding,
the Township has been
able to resurface roads,
make a donation to the
Rescue Squad towards the
purchase of a new
ambulance, reserve funds
for the future purchase of
municipal equipment.
This planning has made it
possible for the Township
to issue no debt for the
purchase of new
equipment or road
resurfacing.
$107,555.00 $127,725.00 $208,830.00 $206,125.00 $221,435.00 $200,415.00 $189,885.00 -50,000.00 100,000.00 150,000.00 200,000.00 250,000.002006-2011 RESERVE
FOR UNCOLLECTED
TAXES COMPARISON
A line item in the municipal
budget which is designed to
insure the municipality
sufficient cash to carry out its
functions after providing the
required tax levy in full to
other government
units--schools, county and special
districts. This reserve
becomes an amount added to
the municipal tax levy
required to meet the budget,
and represents the amount of
tax monies expected to
remain uncollected at the
end of the year, based on the
collection level of the
previous year.
(State of NJ/DCA website)$378,868.55 $379,827.24 $750,737.00 $468,000.00 $468,000.00 $566,300.00 $566,300.00 -100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00 800,000.00
2006-2011 SURPLUS
COMPARISON
Kingwood Township
has utilized as much
surplus as it felt was
fiscally sound to help
offset any tax increase.
$175,000.00 $75,200.00 $500,000.00 $514,777.78 $633,715.00 $677,000.00 $657,000.00 -100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00 800,000.00
2006-2011
ANTICIPATED
REVENUE
COMPARISON
A comparison of the
anticipated revenues
for the last five years
reveal a decrease of
23.14%.
0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000 ABC Licenses Fess and Permits Municipal CourtInterest and Cost on Taxes Uniform Construction Code Fees
