2010 Municipal Budget
of the Borough of Medford Lakes, County of Burlington,
for the calendar year 2010
Revenue and Appropriation Summaries
Summary of Revenues Anticipated
2010 2009
1. Surplus 500,000.00 600,000.00
2. Total Miscellaneous Revenues 860,073.76 1,454,785.26
3. Receipts from Delinquent Taxes 200,000.00 160,000.00
4. a) Local Tax for Municipal Purposes 2,693,672.15 2,694,257.15
b) Addition to Local District School Tax
Tot Amt to be Rsd by Taxes for Sup of Muni Bud 2,693,672.15 2,694,257.15
Total General Revenues 4,253,745.91 4,909,042.41
Summary of Appropriations 2010 Budget Final 2009 Budget
1. Operating Expenses: Salaries & Wages 1,337,417.78 1,418,894.05
Other Expenses 1,358,678.98 1,318,911.21
2. Deferred Charges & Other Appropriations 334,020.00 843,470.46
3. Capital Improvements 15,000.00 108,000.00
4. Debt Service (Include for School Purposes) 847,500.70 880,627.15
5. Reserve for Uncollected Taxes 361,128.45 339,139.54
Total General Appropriations 4,253,745.91 4,909,042.41
Total Number of Employees 24 24
2010 Dedicated SEWER UTILITY Utility Budget
Summary of Revenues Anticipated
2010 2009
1. Surplus 208,096.20 239,200.00
2. Miscellaneous Revenues 1,048,177.55 1,021,000.00
3. Deficit (General Budget)
Total Revenues 1,256,273.75 1,260,200.00
Summary of Appropriations 2010 Budget Final 2009 Budget
1. Operating Expenses: Salaries & Wages 299,600.00 309,500.00
Other Expenses 584,000.00 523,800.00
2. Capital Improvements
3. Debt Service 322,173.75 399,100.00
4. Deferred Charges & Other Appropriations 50,500.00 27,800.00
5. Surplus (General Budget)
Total General Appropriations 1,256,273.75 1,260,200.00
Total Number of Employees 3 4
Balance of Outstanding Debt
General Water Utility Sewer Utility Utility - Other
Interest 1,547,894.00 62,546.00
Principal 8,819,851.00 586,000.00
Outstanding Balance 10,367,745.00 648,546.00
Notice is hereby given that the budget and tax resolution was approved by the Mayor and Council
of the Borough of Medford Lakes, County of Burlington, on June 1, 2010.
A hearing on the budget and tax resolution will be held at Borough Hall, on June 30, 2010 at
7:30 o'clock P.M. at which time and place objections to the Budget and Tax Resolution for the
year 2010 may be presented by taxpayers or other interested persons.
Copies of the budget are available in the office of Mark McIntosh, Borough Clerk, at the
Municipal Building, Cabin Circle Drive, Medford Lakes, NJ (609) 654-8898 during the hours
9:00 A.M. to 5:00 P.M.
