SEA BRIGHT: In crafting the budget for Sea Bright’s beach utility, officials used surplus funds, FEMA loans and a forecast for sunny skies.
The 2014 budget for the Sea Bright beach utility, a self-liquidating utility for the borough, comes in at $730,168, or $145,654 more than last year’s budget. The beach utility budget will use $276,765 in beach fee revenue, and also an additional $100,000 in revenue through beach fees.
“We’ve put in that beach revenue will go up $100,000,” said Sea Bright Chief Financial Officer Michael Bascom. “We need to have the crowds.”
While in 2013, the borough anticipated $180,000 from beach fees, it realized $276,765 instead, which is now what the borough is budgeting as its 2014 beach fee revenue. On top of that, Bascom said the 2014 budget anticipates $100,000 in additional revenue.
Bascom said that might be a tough task, considering beach fee revenue is often variable, based on the weather. Beach fee prices will remain the same: $8 daily, $100 seasonal and $35 senior badges; $250 for beach lockers.
Beach supervision begins weekends starting Memorial Day weekend, and becomes daily after June 14 through Labor Day.
Other changes to revenue:
· The beach utility budget uses $68,832 in surplus funds whereas no surplus was used 2013.
· FEMA assistance grows to $284,571, compared to $200,000 last year.
· Last year the borough had $204,514 from a Community Disaster Loan that it does not have this year.
Spending is also up for the beach utility, mainly paying more in debt service and salaries over 2013.