Annual Budget Process

The annual budget process occurs between the months of November and April. During this time, the Finance Department produces public information in various formats, ranging from graphic/simple to comprehensive/granular. Residents can choose what level of detail they wish to see based on the below list.

Annual One Sheet Budget Summary: This document presents budget information in a very graphic and simple format and has been produced since 2015.

Budget in Brief: This is a one-page budget summary. The document has been created since 1986 and while the format has changed slightly, it is still possible to make meaningful comparisons of numbers from 1986 to present.

Audit Report: This very detailed 100+ page document contains very comprehensive and granular information. Digital copies are on-line from 2006 to date and hard copies dating back to the 1970’s are readily available in the finance office.

Best Practices InventoryThe Inventory assesses each municipality’s compliance with various laws and evaluates implementation of fiscal and operational best practices. Inventory answers provide taxpayers an additional means of evaluating their municipality’s performance. The Inventory also identifies areas where municipalities may require further technical assistance. Furthering this objective, the Inventory contains an unscored survey section soliciting information on a variety of topics.

Annual Budget Process: The remainder of this page outlines the budget documents and presentations given to Council during the budget process as well as a schedule of upcoming budget-related meetings. Click on Financial Documents on the left menu bar for a full listing of past budgets, audits, and other information.

  1. 2023
  2. 2022
  3. 2021
  4. 2020
  5. 2019
  6. 2018
  7. 2017
  8. 2016
  9. 2015
  10. 2014
  11. 2013
  • December 12, 2022
    A presentation on the proposed Five Year Capital Plan was given to Council.
  • January 9, 2023
    presentation on the Open Space, Recreation and Historic Preservation Trust Fund and the proposed Five Year Capital Plan was given to Council. 
  • January 23, 2023
    A presentation on Public Works, Electric Utility, Water Utility, and utility fund balance was given to Council
  • January 31, 2023
    On January 31, 2023, the Annual Debt Statement was submitted to the State of New Jersey Division of Local Government Services. This document is filed annually and is required as per state statute NJSA 40A:2-41. The purpose of the document is to track the amount of debt issued by the Borough and School Board and to compare the total debt to the equalized value of all property in the Borough.
  • February 13, 2023
    Initial Municipal Budget and Fund Balance discussion
  • February 27, 2023
    Various Department Heads gave a presentation and discussed their 2022 accomplishments as well as their 2023 goals, objectives and capital requests.
  • March 2, 2023
    On March 2nd, the Annual Financial Statement was submitted to the State of New Jersey Division of Local Government Services. This document is filed annually and is required as per state statute NJSA 40A:5-12. 
  • March 13, 2023
    Final budget hearing and strategic planning guidelines presentation
  • March 27, 2023
    Budget Introduction. The Official State Budget Document was presented. Council voted unanimously to introduce the budget as presented. As per state statute, the budget must be advertised and there must be a minimum of 28 days between introduction and adoption of the budget so that the public has ample opportunity to review the document (NJSA 40A:4-7).
  • April 26, 2023
    The User Friendly Budget was distributed to elected officials before the budget hearing and discussed this evening. Council held a budget hearing and then voted 5-0 to approve the Official State Budget Document as presented. 

The above schedule is subject to change.