WIXLIB

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195COMPUTATION OF APPROPRIATION:RESERVE FOR UNCOLLECTED TAXES ANDAMOUNT TO BE RAISED BY TAXATIONIN 2022 MUNICIPAL BUDGETYEAR 20221Total General Appropriations for 2022 Municipal Budget StatementItem 8(L) (Exclusive of Reserve for Uncollected Taxes)2 Local District School Tax3 Regional School District Tax4 Regional High School Tax5 County Tax6 Special District Tax7 Municipal Open Space8 Municipal Arts and imate9 Total General Appropriations & Other Taxes10 Less: Total Anticipated Revenues from 2022 inMunicipal Budget (Item 5)11 Cash Required from 2022 to Support LocalMunicipal Budget and Other Taxes12 Amount of Item 11 divided uals Amount to be Raised by Taxation (Percentage used must notexceed the applicable percentage shown by Item 13, Sheet 22)58,595,403.24Analysis of Item 12:Local School District Tax (Line 2 Above)Regional School District Tax (Line 3 Above)Regional High School Tax (Line 4 Above)County Tax (Line 5 Above)Special District Tax (Line 6 Above)Municipal Open Space Tax (Line 7 Above)Municipal Arts and Culture Tax (Line 8 Above)Tax in Local Municipal BudgetTotal Amount (Line 12)Appropriation: Reserve for Uncollected Taxes (Budget13Statement, Item 8(M) (Item 12, Less Item 11)Computation of "Tax in Local Municipal 10,873.5058,595,403.241,171,908.06Item 1 - Total General AppropriationsItem 13 - Appropriation: Reserve for Uncollected TaxesSubtotalLess: Item 10 - Total Anticipated RevenuesAmount to Be Raised by Taxation in Municipal BudgetLocal Tax for Municipal PurposeAddition to Local District School TaxMinimum Library 27.616,534,554.1113,410,873.50YEAR XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF81952022 MUNICIPAL DATA SHEETCAP(MUST ACCOMPANY 2022 BUDGET)MUNICIPALITY:BOROUGH OF RUMSONCOUNTY:MONMOUTHGoverning Body MembersJoseph K. HemphillDecember 31, 2023Term ExpiresMayor's NameNameMichael F. Lospinuso12/31/2022Gary Casazza12/31/2023John J. Conklin, III12/31/2024C-1425Cert. No.J. Clayton Kingsberry12/31/2022T-8153Cert. No.Sarah Pomphrey12/31/2024Robert Swikart12/31/2023Municipal Officials{Thomas S. RogersMunicipal ClerkHelen L. GravesTax CollectorHelen L. GravesChief Financial OfficerRobert W. AllisonRegistered Municipal Accountant12/13/2004Date of Orig. Appt.N-0323Cert. No.483Lic. No.Martin M. BargerMunicipal AttorneyOfficial Mailing Address of MunicipalityBorough of Rumson80 East River RoadRumson, New Jersey 07760Fax #:Term Expires(732) 219 - 0714Sheet A

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF81952022MUNICIPAL BUDGETBOROUGHMunicipal Budget of theRUMSONof, County ofMONMOUTHfor the Fiscal Year 2022.It is hereby certified that the Budget and Capital Budget annexed hereto and hereby made a parthereof is a true copy of the Budget and Capital Budget approved by resolution of the Governing Body on theClerk80 East River Road14day ofJune, 2022and that public advertisement will be made in accordance with the provisions of N.J.S.A. 40A:4-6 andN.J.A.C. 5:30-4.4(d).Certified by me, this14day ofJune, 2022AddressRumson, New Jersey 07760Address(732) 842 - 3300Phone NumberIt is hereby certified that the approved Budget annexed hereto and hereby madea part is an exact copy of the original on file with the Clerk of the Governing Body, that alladditions are correct, all statements contained herein are in proof, and the total of anticipatedrevenues equals the total of appropriations.Certified by me, this14day ofJuneIt is hereby certified that the approved Budget annexed hereto and hereby madea part is an exact copy of the original on file with the Clerk of the Governing Body, that alladditions are correct, all statements contained herein are in proof, the total of anticipatedrevenues equals the total of appropriations and the budget is in full compliance with theLocal Budget Law, N.J.S.A. 40A:4-1 et seq., 2022Certified by me, thisday of1985 Cedar Bridge Ave, Suite 3Registered Municipal AccountantAddressHGraves@RumsonNJ.govLakewood, NJ 08701(732) 797 - 1333Chief Financial OfficerAddressPhone NumberDO NOT USE THESE SPACESCERTIFICATION OF ADOPTED BUDGET(Do not advertise this Certification form)It is hereby certified that the amounts to be raised by taxation for local purposes has beencompared with the approved Budget previously certified by me and any changes required as acondition to such approval have been made. The adopted budget is certified with respect to theforegoing only.STATE OF NEW JERSEYDepartment of Community AffairsDirector of the Division of Local Government ServicesDated:14Ballison@hfacpas.com, 2022By:Sheet 1June, 2022

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195MUNICIPAL BUDGET NOTICESection 1.Municipal Budget of theBOROUGHofRUMSON, County ofMONMOUTHfor the Fiscal Year 2022Be it Resolved, that the following statements of revenues and appropriations shall constitute the Municipal Budget for the year 2022;Be it Further Resolved, that said Budget be published in thein the issue ofJuneThe Governing Body of the23Two River Times, 2022BOROUGHofRUMSONdoes hereby approve the following as the Budget for the year 2022:RECORDED VOTEAbstainedCasazzaConklin(Insert Last Name)KingsberyAyes LospinusoNaysPomphreySwikartAbsentNotice is hereby given that the Budget and Tax Resolution was approved by theofRUMSON, County ofA Hearing on the Budget and Tax Resolution will be held at4:30o'clockMONMOUTHCOUNCIL MEMBERS, onBorough of RumsonJuneof the14, on, 2022.JulyP.M. at which time and place objections to said Budget and Tax Resolution for the year 2022 may be presented by taxpayers or otherinterested persons.BOROUGH12th, 2022 at

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195Sheet 2

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENTSUMMARY OF CURRENT FUND SECTION OF APPROVED BUDGETYEAR 2022General Appropriations For: (Reference to item and sheet number should be omitted in advertised budget)XXXXXXXXXXXX1. Appropriations within "CAPS" -XXXXXXXXXXXX(a) Municipal Purposes {(Item H-1, Sheet 19)(N.J.S.A. 40A:4-45.2)}12,637,524.342. Appropriations excluded from "CAPS" -XXXXXXXXXXXX(a) Municipal Purposes {(Item H-2, Sheet 28)(N.J.S.A. 40A:4-53.3 as amended)}6,135,995.21(b) Local District School Purposes in Municipal Budget (Item K, Sheet 29)-Total General Appropriations excluded from "CAPS" (Item O, Sheet 29)3. Reserve for Uncollected Taxes (Item M, Sheet 29) Based on Estimated98.00%4. Total General Appropriations (Item 9, Sheet 29)5. Less: Anticipated Revenues Other Than Current Property Tax (Item 5, Sheet 11)6,135,995.21Percent of Tax Collections1,171,908.06Building Aid Allowance2022 - -for Schools-State Aid2021 - -(i.e. Surplus, Miscellaneous Revenues and Receipts from Delinquent Taxes)6. Difference: Amount to be Raised by Taxes for Support of Municipal Budget (as follows)(a) Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes (Item 6(a), Sheet .50(b) Addition to Local District School Tax (Item 6(b), Sheet 11)-(c) Minimum Library Tax-Sheet 3

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENT - (Continued)SUMMARY OF 2021 APPROPRIATIONS EXPENDED AND CANCELEDGeneralBudgetBudget Appropriations - Adopted BudgetBudget Appropriations Added by N.J.S.A. 40A:4-87Emergency AppropriationsTotal AppropriationsExpenditures:Paid or Charged (Including Reserve forUncollected Taxes)ReservedUnexpended Balances CanceledTotal Expenditures and UnexpendedBalances CanceledOverexpenditures -19,597,538.98--------------Sheet 3a

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENT - (Continued)BUDGET MESSAGECAP CALCULATIONTotal General Appropriations for 2021Cap Base Adjustment:SubtotalExceptions Less:Total Other OperationsTotal Uniform Construction CodeTotal Interlocal Service AgreementTotal Additional AppropriationsTotal Capital ImprovementsTotal Debt ServiceTransferred to Board of EducationType I School DebtTotal Public & Private ProgramsJudgementsTotal Deferred ChargesCash DeficitReserve for Uncollected TaxesTotal ExceptionsCAP CALCULATION19,517,272.0019,517,272.00Allowable Operating Appropriations beforeAdditional Exceptions per (N.J.S.A. ,611.0049,998.001,157,193.007,359,914.00Amount on Which CAP is Applied2.5% CAP12,157,358.00303,933.95Allowable Operating Appropriations beforeAdditional Exceptions per (N.J.S.A. 40A:4-45.3)12,461,291.95Additions:New Construction (Assessor Certification)2020 Cap Bank Utilized2021 Cap Bank Utilized107,927.87359,079.31297,826.54Total Additions764,833.72Maximum Appropriations within "CAPS" Sheet 19 @Additional Increase to COLA rate.Amount of Increase allowable.Total General Appropriations for Municipal Purposes(Sheet 19, H-1)Sheet 3bMANDATORY MINIMUM BUDGET MESSAGE MUST INCLUDE A SUMMARY OF:1. HOW THE "CAP" WAS CALCULATED. (Explain in words what the "CAPS" mean and show the figures.)2. A SUMMARY BY FUNCTION OF THE APPROPRIATIONS THAT ARE SPREAD AMONG MORE THAN ONE OFFICIAL LINE ITEM(e.g. if Police S & W appears in the regular section and also under "Operation Excluded from "CAPS" section, combine thefigures for purposes of citizen understanding.)2.5%3.5%1.0%Maximum Appropriations within "CAPS" Sheet 19 @Over or (Under) Appropriations ,347,699.2512,637,524.34(710,174.91)

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENT - (Continued)BUDGET MESSAGERECAP OF GROUP INSURANCE APPROPRIATIONFollowing is a recap of the Municipality's Employee Group InsuranceEstimated Group Insurance Costs - 2022 1,989,417.04Estimated Amounts to be Contributed by Employees:Contribution from all eligible emp.266,317.041,723,100.00Budgeted Group Insurance - Inside CAPBudgeted Group Insurance - UtilitiesBudgeted Group Insurance - Outside CAPTOTAL1,723,100.0014,900.001,738,000.00Instead of receiving Health Benefits,10 employeeshave elected an opt-out for 2022. This opt-out amountis budgeted separately.Health Benefits WaiverSalaries and Wages 50,000.00Sheet 3b (2)

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENT - (Continued)BUDGET MESSAGENEW JERSEY 2010 LOCAL UNIT LEVY CAP LAWP.L. 2007, c. 62, was amended by P.L. 2008 c. 6 and P.L. 2010 c. 44 (S-29 R1).The last amendment reduces the 4% to 2% and modifies some of the exceptions andexclusions. It also removes the LFB waiver. The voter referendum now requires a vote inexcess of only 50% which is reduced from the original 60% in P.L. 2007, c. 62.ADJUSTED TAX LEVY PRIOR TO EXCLUSIONSExclusions:Allowable Shared Service Agreements IncreaseAllowable Health Insurance Costs IncreaseAllowable Pension Obligations IncreasesAllowable LOSAP IncreaseAllowable Capital Improvements IncreaseAllowable Debt Service and Capital Leases Inc.Recycling Tax appropriationDeferred Charge to Future Taxation UnfundedCurrent Year Deferred Charges: EmergenciesAdd Total ExclusionsLess Cancelled or Unexpended WaiversLess Cancelled or Unexpended 611.72SUMMARY LEVY CAP CALCULATIONLEVY CAP CALCULATIONPrior Year Amount to be Raised by TaxationLess:Less: Prior Year Deferred Charges to Future Taxation UnfundedLess: Prior Year Deferred Charges: EmergenciesLess: Prior Year Recycling TaxLess:13,023,718.25-Less:Net Prior Year Tax Levy for Municipal Purpose Tax for CAP Calculation13,023,718.25Plus 2% CAP IncreaseADJUSTED TAX LEVY260,474.3713,284,192.62Plus: Assumption of Service/FunctionADJUSTED TAX LEVY PRIOR TO EXCLUSIONS13,284,192.62ADJUSTED TAX LEVYAdditions:New Ratables - Increase for new constructionPrior Year's Local Purpose Tax Rate (per 100)New Ratable Adjustment to LevyAmounts approved by ReferendumLevy CAP Bank 36.00MAXIMUM ALLOWABLE AMOUNT TO BE RAISED BY TAXATION13,911,479.76AMOUNT TO BE RAISED BY TAXATION FOR MUNICIPAL PURPOSES13,410,873.50Sheet 3 - Levy CAPOVER OR (UNDER) 2% LEVY CAP(must be equal or under for Introduction)(500,606.26)

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195EXPLANATORY STATEMENT - (Continued)BUDGET MESSAGE"2010" LEVY CAP BANKS:2019Maximum Allowable Amount to be Raised by TaxationAmount to be Raised by Taxation for Municipal PurposeAvailable for Banking (CY 2022)Amount Used in CY 2022Balance to Expire440,136440,136-2020Maximum Allowable Amount to be Raised by TaxationAmount to be Raised by Taxation for Municipal PurposeAvailable for Banking (CY 2022 - CY 2023)Amount Used in CY 2022Balance to Carry Forward (CY 2023)-2021Maximum Allowable Amount to be Raised by TaxationAmount to be Raised by Taxation for Municipal PurposeAvailable for Banking (CY 2022 - CY 2024)Amount Used in CY 2022Balance to Carry Forward (CY 2023 - CY2024)13,169,07113,023,718145,353145,353Maximum Allowable Amount to be Raised by TaxationAmount to be Raised by Taxation for Municipal PurposeAvailable for Banking (CY 2023 - CY 2025)13,911,48013,410,874500,6062022Total Levy CAP Bank645,959Sheet 3d

DocuSign Envelope ID: C682A893-432E-41DA-B7C2-D0B1DCDF8195CURRENT FUND - ANTICIPATED REVENUESFCOAGENERAL REVENUES1. Surplus Anticipated08-1012. Surplus Anticipated with Prior Written Consent of Director of Local Government Services08-102Total Surplus Anticipated08-1003. Miscellaneous Revenues - Section A: Local 836,479.00Realized inCash in XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXAlcoholic Beverages08-103Other08-104Fees and Permits08-105Fines and Costs:XXXXXXXMunicipal .10XXXXXXXXXXX35,181.00-08-112Interest and Costs on Assessments08-115---Parking Meters08-111---Interest on Investments and Deposits08-113Anticipated Utility Operating Surplus08-114Sewer Service ellular Tower Fees08-229132,924.60124,255.621

General Instructions to Complete the Municipal Budget Workbook a) This workbook shall be used for completing the Municipal Introduced and Adopted Budgets. b) It is designed to automatically calculate amounts linked from various data entry points. c) The individual tabs containing formulas are locked to protect the formulas. d) Fill in only the gray sections of the worksheet.