TOWNSHIP OF CHESTERFIELD  

                                                                              2008 Municipal Budget

 
                                                                    

Revenue and Appropriation Summaries

 
   
Summary of Revenues                             Anticipated  
  2008 2007
1.  Surplus $2,145,000.00 $1,454,000.00
2.  Miscellaneous Revenues $3,001,953.00 $1,546,689.81
3.  Receipts from Delinquent Taxes $300,000.00 $195,000.00
4.  a)  Local Tax for Municipal Purposes $302,933.00 $278,872.00
    b)  Addition to Local District School Tax  $                           -    $                                        -  
      Total Amount to be Raised by Taxes for Support    
           of Municipal Budget $302,933.00 $278,872.00
TOTAL GENERAL REVENUES  $            5,749,886.00  $                        3,474,561.81
     
Summary of Appropriations 2008 Budget Final 2007 Budget
1.  Operating Expenses:  Salaries and Wages $1,476,562.00 $1,345,344.00
                                     Operating Expenses $1,183,459.42 $1,073,544.39
2.  Deferred Charges & Other Appropriations $1,960,285.58 $162,479.61
3.  Capital Improvements $310,679.00 $287,360.00
4.  Debt Service (Incllude for School Purposes) $291,000.00 $295,000.00
5.  Reserve for Uncollected Taxes $527,900.00 $305,200.00
TOTAL GENERAL APPROPRIATIONS  $            5,749,886.00  $                        3,468,928.00
     Total Number of Employees 29 29
   
                                                                               2007 Dedicated Sewer Utility Budget    
Summary of Revenues                           Anticipated  
  2008 2007
1.  Surplus $343,200.00 $329,000.00
2.  Miscellaneous Revenues $471,000.00 $432,000.00
3.  Deficit (General Budget)    
TOTAL REVENUES  $              814,200.00  $                           761,000.00
     
Summary of Appropriations 2008 Budget Final 2007 Budget
1.  Operating Expenses:  Salaries and Wages $18,000.00 $11,000.00
                                     Other Expenses $100,000.00 $100,000.00
2.  Capital Improvements $230,000.00 $230,000.00
3.  Debt Service $424,700.00 $419,000.00
4.  Deferred Charges and Other Appropriations $1,500.00 $1,000.00
5.  Surplus (General Budget)  $                           -    $                                        -  
TOTAL APPROPRIATIONS  $              774,200.00  $                           761,000.00
     Total Number of Employees 1 1
   
Balance of Outstanding Debt General Sewer Utility
Interest $348,276.00 $1,000,149.00
Principal $905,000.00 $4,486,599.00
Outstanding Balance  $            1,253,276.00  $                        5,486,748.00
   
Notice is hereby given that the budget and tax resolution was approved by the Township Committee of the Township of
Chesterfield, County of Burlington on March 12, 2008.    
A hearing on the budget and tax resolution will be held at the Municipal Building on April 9, 2008 at 7:30 PM at which time and place
objections to the budget and tax resolution for the year 2008 may be presented by taxpayers or other interested persons.
Copies of the budget are available in the office of the Township Clerk at the Municipal Building, 300 Bordentown-
Chesterfield Road, Chesterfield, New Jersey (609) 298-2311 during the hours of 9:00 am to 4:00 pm, Monday through Friday.
   
Bonnie J. Haines, RMC  
Township Clerk