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.

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. 2019
  2. 2018
  3. 2017
  4. 2016
  5. 2015
  6. 2014
  7. 2013

2019 Budget Process

Monday, February 11, 2019. A draft budget was presented to Council that included details on appropriations and municipal surplus.

Monday, January 28, 2019. Council received a presentation on the Utilities budget, including electric and water.

Sunday, January 27. The Annual Debt Statement was filed with the State of NJ Division of Local Government Services as per NJSA 40A:2-40. 

Monday, January 14, 2019. Council discussed the Budget Schedule, the Open Space Trust Fund. A revised Five Year Capital Plan was presented to Council and discussed as well. An Ordinance for 2019 Road Reconstruction and Milling & Overlay were introduced as well.

Monday, December 10, 2018. Council received a draft Five Year Capital Plan. Council approved R325-2018 which cancelled outstanding balances in various Capital Ordinances making the excess funds available for future capital projects.

Monday, November 26, 2018. Council held a hearing and approved Bond Ordinance 50-2018 which authorized $4,770,000 for a portion of the cost of capital improvements at the Madison Chatham Joint Meeting Sewage Treatment Plant.