COMPUTATION OF APPROPRIATION:RESERVE FOR UNCOLLECTED TAXES ANDAMOUNT TO BE RAISED BY TAXATIONIN 2011 MUNICIPAL BUDGETII II YEAR 201111 YEAR <strong>2010</strong> I1. Total General Appropriations for 2011 Municipal BudgetStatement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes) 80015- 4,205,522.81 XXXXXXXXXX2. Local Disttict School Tax Actual 80016-Estimate _. 80017- XXXXXXXXXX3. Regional School Disttict Tax Actual 80025- 18,533,826.83Estimate • 80026- 19,180,000.00 XXXXXXXXXX4. Regional High School Tax - Actual 80018-School Budget Estimate - 80019- XXXXXXXXXX5. County Tax Actual 80020- 3,496,407.48Estimate • 80021- 3,600,000.00 XXXXXXXXXX6. Special Disttict Taxes Actual 80022-Estimate - 80023- XXXXXXXXXX7. Municipal Open Space Tax Actual 80027- 786,822.72Estimate - 80028- 705,425.00 XXXXXXXXXX8. Total General Appropriations & Other Taxes 80024-01 27,690,947.819. Less: Total Anticipated Revenues from 2011 in MunicipalBudget (Item 5) 80024-02 3,127,139.8110. Cash Required from 2011 Taxes to Support LocalMunicipal Budget and Other Taxes 80024-03 24,563,808.00II. Amount ofItem 10 Divided by 96.56% [820074-04] EqualsAmount to be Raised by Taxation (Percentage used must not exceedthe applicable percentage shown by Item 13, Sheet 22) 80024-05 25,438,785.19Analysis ofItem 11:Local District School Tax(Amount Shown in Line 2• May not be stated in an amount lessAbove) than "actual" Tax of year <strong>2010</strong>Regional School DisttictTax (Amount •• Must be stated in the amount ofShown in Line 3 Above)19,180,000.00 the proposed budget submitted by theRegional High School TaxLocal Board of Education to the(Amount Shown in Line 4Commissioner of Education onAbove) January 15, 2011(Chap. 136, P.L.1978). ConsiderationCounty Tax (Amount must be given to calendar yearShown in Line 5 Above)"peClal JJISmCr 1 ax3,600,000.00 calculation.(Amount Shown in Line 6Above)IVlunlclpal vpen "pace I ax(Amount Shown in Line 7Above) 705,425.00Tax m Local MunlClpalBudget 1,953,360.19Total Amount (See Line 11) 25,438,785.1912. Appropriation: Reserve for Uncollected Taxes (BudgetStatement, Item 8 (M) (Item 11, Less Item 10) 80024-06 874,977.19 iNote:Comllutation of "Tax in Local Municillal Budget"Item 1 - Total General AppropriationsItem 12 - Appropriation: Reserve for Uncollected TaxesSub-TotalLess: Item 9 - Total Anticipated Revenues 3,127,139.81Amount to be Raised by Taxation in Municipal Budget 80024-07 1,953,360.19Sheet 25The amount of4,205,522.81 anticipated revenues(Item 9)874,977.19 may neverexceed the total5,080,500.00 ofItems 1 and12.
ACCELERATED TAX SALE - CHAPTER 99Calculation to Utilize Proceeds In Current Budget As DeductionTo Reserve For Uncollected Taxes AppropriationNote: This sheet should be completed only if you are conducting an accelerated tax sale for the first time inthe current year.A. Reserve for Uncollected Taxes (sheet 25, Item 12)B. Reserve for Uncollected Taxes Exclusion:Outstanding Balance of Delinquent Taxes(sheet 26, Item 14A) x % ofcollection (Item 16)C. TIMES: % of increase of Amount to beRaised by Taxes over Prior Year[(2011 Estimated Total Levy - <strong>2010</strong> Total Levy) / <strong>2010</strong> Total Levy]D. Reserve for Uncollected Taxes Exclusion Amount[(B x C) + B]E. Net Reserve for Uncollected TaxesAppropriation in Current Budget(A-D)2011 Reserve for Uncollected Taxes Appropriation Calculation (Actual)1. Subtotal General Appropriations (item 8(L) budget sheet 29)2. Taxes not Included in the Budget (AFS 25, items 2 thru 7)Total3. Less: Anticipated Revenues (item 5, budget sheet 11)4. Cash Required5. Total Required at % (items 4 + 6)6. Reserve for Uncollected Taxes (item E above)$$$$$$$Sheet25a
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