The first municipal capital budget workshop will be held tonight, March 30th, at 6:30 p.m. in the upstairs conference room of the Roselle Park Municipal Complex.
The municipal budget process is separated into two (2) major sections – the general operating budget and the capital budget. The operating budget deals with day-to-day expenses such as salaries, common expenditures, utilities, benefits, and annual contracts for service professionals. The capital budget addresses long-term projects and large-ticket purchases that allow for depreciation and can be paid off over a period of years as opposed to all in one calendar year, as is done with operating budget items.
Capital expenditures include infrastructure improvements & repairs to streets or buildings, grants, and funding for items requested by departments or other municipal entities. Every year, each municipal department submits a proposed budget for large expenses (such as vehicles, computers, proprietary software, firearms, heavy-duty equipment & tools) and a five-year capital budget plan.
Mayor Carl Hokanson will not be in attendance for tonight’s workshop, having a previously scheduled commitment with a fundraiser (link).
The Roselle Park Municipal Complex is located at 110 East Westfield Avenue.