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Annual Financial Statement (Unaudited)

BID #: N/A

DUE: 2/10/2025

VALUE: TBD

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Executive Summary

The document is the Annual Financial Statement (Unaudited) for the City of Bayonne, New Jersey, for the year 2024. It includes various financial reports, trial balances, and certifications by the Chief Financial Officer and Registered Municipal Accountant. The report details the city's financial condition as of December 31, 2024, and ensures compliance with New Jersey Statutes Annotated 40A:5-12. A penalty of five dollars per day applies for late filings, with deadlines of January 26, 2025, for counties and February 10, 2025, for municipalities.

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Document Text

--- Document: Annual Financial Statement (Unaudited) Document ---
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2024
(UNAUDITED)
POPULATION LAST CENSUS 71,686
NET VALUATION TAXABLE 2024 7,570,703,976
MUNICODE 0901
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2025
MUNICIPALITIES - FEBRUARY 10, 2025

ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES
ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO
CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT
SERVICES,
CITY of BAYONNE , County of HUDSON

DO NOT USE THESE SPACES
Date Examined By:
1 Preliminary Check
2 Examined

I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a are
complete, were computed by me and can be supported upon demand by a register or
other detailed analysis.

Signature DMauer@BayNJ.org
Title Chief Financial Officer
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)

REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement, (which I have prepared) or
(which I have not prepared) [eliminate one] and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and ali statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.

Further, I do hereby certify that I, Donna L. Mauer am the Chief Financial
Officer, License # N-0647 of the CITY of HUDSON
County of BAYONNE and that the
statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at
December 31, 2024, completely in compliance with N.J.S.A. 40A:5-12, as amended. I also give complete assurance as
to the veracity of required information included herein, needed prior to certification by the Director of Local Government
Services, including the verification of cash balances as of December 31, 2024.

Signature DMauer@BayNJ.org
Title Chief Financial Officer
Address 630 Avenue C
Phone Number 201-858-6043
Fax Number 201-823-9825
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED
BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL
STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS
AND ASSERTIONS MADE HEREIN.
Sheet 1
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Account (Statement of Statutory Auditor Only)

I have prepared the post-closing trial balances, related statement and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the CITY of BAYONNE
as of as of December 31, 2024 and have applied certain agreed-upon procedures thereon as
promulgated by the Division of Local Government Services, solely to assist the Chief Financial
Officer in connection with the filing of the Annual Financial Statement for the year then
ended as required by N.J.S.A. 40A:5-12, as amended.

Because the agreed-upon procedures do not constitute an examination of accounts made in
accordance with generally accepted auditing standards, I do not express an opinion on any of
the post-closing trial balances, related statements and analyses. In connection with the
agreed-upon procedures, (except for circumstances as set forth below, no matters) оr
(no matters) [eliminate one] came to my attention that caused me to believe that the Annual
Financial Statement for the year ended December 31, 2024 is not in substantial compliance with the
requirements of the State of New Jersey, Department of Community Affairs, Division of Local
Government Services. Had I performed additional procedures or had I made an examination
of the financial statements in accordance with generally accepted auditing standards, other
matters might have come to my attention that would have been reported to the governing
body and Division. This Annual Financial Statement relates only to the accounts and
items prescribed by the Division and does not extend to the financial statements of the
municipality/county taken as a whole.

Listing of agreed-upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:

Certified by me
this day , 2025
NO ENTRY
(Registered Municipal Accountant)

(Firm Name)
(Address)

(Address)
(Phone Number)
(Fax Number)
Sheet 1a
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER

One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.

1.
2.
CERTIFICATION OF QUALIFYING MUNICIPALITY
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;

All emergencies approved for the previous fiscal year did not exceed 3% of total
appropriations;
3. The tax collection rate exceeded 90%;
4. Total deferred charges did not equal or exceed 4% of the total tax levy;
5. There were no "procedural deficiencies" noted by the registered municipal
accountant on Sheet 1a of the Annual Financial Statement; and
6. There was no operating deficit for the previous fiscal year.
7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive
years.
8. The municipality did not conduct a tax levy sale the previous fiscal year and does
not plan to conduct one in the current year.
9. The current year budget does not contain a Levy or Appropriation "CAP" waiver.
10. The municipality has not applied for Transitional Aid for 2025.
11. The municipality did not adopt a Special Emergency ordinance for COVID-related
expenses or loss of revenue (N.J.S.A. 40A:4-53 (1) and (m)).

The undersigned certifies that this municipality has complied in full in meeting ALL of the
above criteria in determining its qualification for local examination of its Budget in accordance
with N.J.A.C. 5:30-7.5.
Municipality: CITY OF BAYONNE
Chief Financial Officer:
Signature:
Certificate #:
Date:

CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
The undersigned certifies that this municipality does not meet item(s)
of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.

Municipality: CITY OF BAYONNE
Chief Financial Officer: Donna Mauer
Signature: DMauer@BayNJ.org
Certificate #: N-0647
Date: 4/30/2025
Sheet 1b
22-6001642
Fed I.D. #

CITY OF BAYONNE
Municipality
HUDSON
County

Report of Federal and State Financial Assistance
Expenditures of Awards

Fiscal Year Ending: December 31, 2024
(1) (2) (3)
Federal programs State Other Federal
Expended Programs Programs
(administered by Expended Expended
the state)
TOTAL $ $ 1,768,244.03 $ 1,659,770.24

Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.

✗ Single Audit
Program Specific Audit
Financial Statement Audit Performed in Accordance
With Government Auditing Standards (Yellow Book)

Note: All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of audit
required to comply with Title 2 U.S. Code of Federal Regulations (CFR) OMB 15-08. (Uniform
Guidance) and OMB 15-08. The single audit threshold has been been increased to $750,000
beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code of
Federal Regulations (CFR) (Uniform Guidance).

(1) Report expenditures from federal pass-through programs received directly from state government.
Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance
(CFDA) number reported in the State's grant/contract agreements.

(2) Report expenditures from state programs received directly from state government or indirectly from
pass-through entities. Exclude state aid (l.e., CMPTRA, Energy Receipts tax, etc.) since there
are no compliance requirements.

(3) Report expenditures from federal programs received directly from the federal government or indirectly
from entities other than state government.

DMauer@BayNJ.org 4/30/2025
Signature of Chief Financial Officer Date
Sheet 1c
IMPORTANT!
READ INSTRUCTIONS

INSTRUCTIONS

The following certification is to be used ONLY in the event there is NO municipality
operated utility.

If there is a utility operated by the municipality of if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the
document.

CERTIFICATION

I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the CITY of BAYONNE
County of HUDSON during the year 2024 and that sheets 40 to 68 are unnecessary.

I have therefore removed from this statement the sheets pertaining only to utilities.

Name
Title
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered
Municipal Accountant.)

MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2024

Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2025 and filed with the County Board of Taxation on January 10, 2025 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $ 7,576,335,100.00

Jconnors@BayNJ.org
SIGNATURE OF TAX ASSESSOR

CITY OF BAYONNE
MUNICIPALITY

HUDSON
COUNTY
Sheet 2
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
CASH 27,064,960.92
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS 1,124.30
DUE FROM STATE - STATE AID/PREPAID DEBT SERVICE 1,182,992.25
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR 174,918.62
CURRENT 325,089.33
SUBTOTAL 500,007.95
TAX TITLE LIENS RECEIVABLE 730,533.16
PROPERTY ACQUIRED FOR TAXES 18,416,900.00
CONTRACT SALES RECEIVABLE
MORTGAGE SALES RECEIVABLE
DUE FROM STATE OF NJ - DPW OVERPAYMENTS 1,943.25
DUE FROM STATE & FEDERAL GRANTS FUND 8,976,422.67
DUE FROM GENERAL CAPITAL FUND 545,095.53
DUE FROM OTHER TRUST FUND 1,330.65
DUE FROM REDEVELOPMENT ESCROW TRUST FUND 24,250.42
DUE FROM PAYROLL DEDUCTION TRUST FUND 95.00
PREPAID SCHOOL TAX 1,437,218.84
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55) 4,000,000.00
DEFICIT
Page Totals: 62,880,419.99 2,454.95
(Do not crowd add additional sheets)
Sheet 3
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
TOTALS FROM PAGE 3 62,880,419.99 2,454.95
APPROPRIATION RESERVES 2,729,324.00
ENCUMBRANCES PAYABLE 2,816,214.19
CONTRACTS PAYABLE 2,224,665.74
ACCOUNTS PAYABLE - DUE TO SUEZ 7,629.93
TAX OVERPAYMENTS 4,172,659.82
PREPAID TAXES 877,545.47
PREPAID TAX COST SALE 25,792.34
DUE TO STATE:
MARRIAGE LICENCE
DCA TRAINING FEES
LOCAL SCHOOL TAX PAYABLE
REGIONAL SCHOOL TAX PAYABLE
REGIONAL H.S. TAX PAYABLE
COUNTY TAX PAYABLE
DUE COUNTY - ADDED & OMMITTED 51,993.16
SPECIAL DISTRICT TAX PAYABLE 1,809,981.32
RESERVE FOR TAX APPEAL
PREPAID PILOT 94.32
DUE TO COUNTY - SHARE OF PILOT 968,972.29
DUE TO BAYONNE BOARD OF EDUCATION - SHARE OF PILOT 6,118.30
DUE TO BAYONNE PUBLIC LIBRARY 1,753,389.94
RESERVE FOR TRAP/NEUTER/RELEASE 5,769.26
RESERVE FOR CREDIT CARD FEES 12,243.10
RESERVE FOR ACCUMULATED ABSENCES
RESERVE FOR LIABILITY REIMBURSEMENT 8,544.00
RESERVE FOR UEZ 1,803,254.72
PAGE TOTAL 62,880,419.99 19,276,646.85
(Do not crowd - add additional sheets)
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
TOTALS FROM PAGE 3a 62,880,419.99 19,276,646.85

SPECIAL EMERGENCY NOTES PAYABLE 4,000,000.00

RESERVE FOR RECEIVABLES 30,632,466.82
DEFERRED SCHOOL TAX
DEFERRED SCHOOL TAX PAYABLE
FUND BALANCE 8,971,306.32
TOTALS 62,880,419.99 62,880,419.99
(Do not crowd - add additional sheets)
Sheet 3a.1
CASH
GRANTS RECEIVABLE
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2024
Title of Account
Due to Other Trust
DUE FROM/TO CURRENT FUND
ENCUMBRANCES PAYABLE
APPROPRIATED RESERVES
UNAPPROPRIATED RESERVES
TOTALS
(Do not crowd - add additional sheets)
Sheet 5
Debit Credit
2,185,406.17
24,106,663.19
335,528.80
8,976,422.77
1,249,310.51
14,865,492.39
865,314.89
26,292,069.36
26,292,069.36
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
ANIMAL CONTROL TRUST FUND
CASH 9,407.55
DUE TO -Trust 1,660.60
DUE TO STATE OF NJ 1,960.40
RESERVE FOR ANIMAL CONTROL TRUST FUND 6,419.14
RESERVE FOR FERAL CAT COLONY DONATION 2,688.61
FUND TOTALS 11,068.15 11,068.15
ASSESSMENT TRUST FUND
CASH
DUE TO -
RESERVE FOR:
FUND TOTALS
MUNICIPAL OPEN SPACE TRUST FUND
CASH
FUND TOTALS
LOSAP TRUST FUND
CASH
FUND TOTALS
(Do not crowd - add additional sheets)
Sheet 6
CDBG TRUST FUND
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
CASH 1,906.69
CDBG Letter of Credit 2,625,421.00
Reserve for CDBG 1,439,635.86
Reserve for Program Income 102,401.27
Reserve for Encumbrances 1,085,290.56
FUND TOTALS 2,627,327.69 2,627,327.69
ARTS AND CULTURAL TRUST FUND
CASH
FUND TOTALS
OTHER TRUST FUNDS
CASH 31,970,288.89
Grant Receivable - UEZ 3,106,203.00
Other Receivables 1,056,450.81
Due from Federal and State Gant Fund 335,528.80
Due to Animal Control Fund 1,660.60
Due from Current Fund 1,330.65
Due to Payroll Deduction Fund 2,628.00
Accounts Payable 391,620.76
Due to State of NJ - Marriage Licenses 37,518.00
Due to State of NJ DCA Fees 272,180.39
Reserves and Special Deposits (Sheet 6b) 35,764,194.40
OTHER TRUST FUNDS PAGE TOTAL 36,469,802.15 36,469,802.15
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
Previous Totals 36,469,802.15 36,469,802.15
OTHER TRUST FUNDS (continued)
Disability Trust Provident -6024-0868 50,647.78
Reserve for Disability Trust Fund 50,647.78

Tax Lien Redemptions Bank of America- 40 781,577.98
Reserve for Tax Lien Redemptions 781,577.98

Unemployment Trust Bank of America - 408 599,022.73
Reserve for Unemployment 599,022.73

Official | Payroll
Reserve for Official | Payroll

Official II Payroll
Reserve for Official II Payroll

Police & Fire Payroll
Reserve for Police & Fire Payroll
Payroll Deduction Bank of America 1,085,230.74
Due To/From Current Fund 95.00
Due to/from Trust Fund 2,628.00
Reserve for Payroll Deduction 1,087,763.74

Special Projects - Redevelopement Escrow 1,327,538.70
Due to/from Current Fund 24,250.42
Reserve for Redevelopment Escrow 1,300,388.78
Reserve for Encumberances 2,899.50

TOTALS 40,316,448.08 40,316,448.08
(Do not crowd - add additional sheets)
Sheet 6.2
Previous Totals
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
OTHER TRUST FUNDS (continued)
Escrow Maintenance
40,316,448.08 40,316,448.08

TOTALS
40,316,448.08 40,316,448.08
(Do not crowd - add additional sheets)
Sheet 6. TOTALS
SCHEDULE OF TRUST FUND RESERVES
Amount Balance
Dec. 31, 2023 as at
Purpose per Audit Receipts Disbursements Dec. 31, 2024
Report
Recycling Program 347,837.56 331,987.78 321,808.99 358,016.35
Off Duty Police 299,417.15 99,856.60 332,643.04 66,630,71
Building Fines - 173.93 500.00 (326.07)
Tree Replacement Donation 112,448.42 14,721.93 13,460.00 113,710.35
Contribution Older American 145,490.79 62,574.00 17,508.54 190,556.25
Law Enforcement Trust Fund 33,330.85 450.10 468.91 33,312.04
Reserve for Developer's Escrow 1,686,858.69 671,228.93 744,862.52 1,613,225.10
UCC Dedication by Rider 7,013,658.28 1,326,640.28 2,071,876.01 6,268,422.55
Affordable Housing Trust Fund 9,461,488.54 4,802,182.73 8,923.43 14,254,747.84
Fire Prev. Dedic. Penalty 22,383.01 85,333.00 62,883.01 44,833.00
Reserve for POAA 334,765.56 43,360.00 67,018.03 311,107.53
Library State Aid 125,040.79 38,684.00 163,724.79
FSA-Flex 29,827.66 478.51 30,306.17
Library Fines&Fees 54,154.51 6,889.42 61,043.93
Chapter 25 Streets/Sidewalks 176,500.00 17,000.00 1,000.00 192,500.00
Police Auction (Disp. of Forf) 177,370.32 192,542.21 165,861.48 204,051.05
Fire Auction Funds 6,446.24 8,964.97 15,411.21
Fire Prevention Penalties 14,511.63 2,703.18 11,808.45
Recreation 367,658.76 460,901.51 386,201.64 442,358.63
Gifts and Bequests 46,527.69 4,340.00 21,004.06 29,863.63
Poster Contest Donation 1,081.23 3,950.07 1,408.75 3,622.55
Police Forfeiture Fund 293,540.95 38,752.26 93,944.85 238,348.36
Reserve for Fitzpatrick Park Bells 179,926.25 45,473.23 36,145.23 189,254.25
Storm Recovery Reserve 282,224.46 96,863.30 379,087.76
Reserve for Accumulated Absences 1,295,984.33 1,295,984.33
2022 UEZ Various Services 460,125.90 460,125.90
UEZ Assistance Fund 1,727,812.71 1,727,812.71
2024 UEZ Various Services 2,009,706.99 2,009,706.99
Open 4 Bus Productions 110.00 110.00
Cash Performance Bond 4,864,479.00 4,495,534.65 4,289,654.40 5,070,359.25
PAGE TOTAL $ 26,077,078.34 $ 18,342,513.34 $ 8,655,397.28 $ 35,764,194.40
Sheet 6b
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Amount Balance
Dec. 31, 2023 as at
Purpose per Audit Receipts Disbursements Dec. 31, 2024
Report
PREVIOUS PAGE TOTAL 26,077,078.34 18,342,513.34 8,655,397.28 35,764,194.40

PAGE TOTAL $ 26,077,078.34 $ 18,342,513.34 $ 8,655,397.28 $ 35,764,194.40
Sheet 6b TOTAL

POST CLOSING
TRIAL BALANCE - GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
Estimated Proceeds Bonds and Notes Authorized 49,709,707.91 XXXXXXXXX
Bonds and Notes Authorized but Not Issued XXXXXXXXX 49,709,707.91
CASH 12,077,856.31
DUE FROM
DUE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED 166,357,005.67
UNFUNDED 116,273,707.91
DUE TO - 545,095.53
CDBG Grant Receivable 112,000.00
Open Space Receivable 1,305,095.69
Green Trust Grant Receivable 767,000.00
Dept. of Transportation Receivable 3,585,446.46
Green Acres Receivable 1,887,181.29
FEMA Grant Receivable 144,920.12
Developers Contribution Fund Receivable 333,000.00
Library Construction Grant Receivable
Infrastructure Loan Receivable 941,777.22
Recreation Grant Receivable 185,000.00
FEMA BRIC Receivable 2,650,289.43
US DOT Receivable 656,800.00
US DOJ COPS Receivable 1,030,000.00
HUD EDI Receivable 6,000,000.00
Reserve for Capital Grants Receivable 12,137,600.52
PAGE TOTALS 364,016,788.01 62,392,403.96
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2024
Title of Account Debit Credit
PREVIOUS PAGE TOTALS 364,016,788.01 62,392,403.96
Reserve for Veteran's Studium Improvement 25,000.00
Reserve for Hudson River Walkway Escrow Fund 2,357,280.00
Reserve for Cash (Debt Service) 2,059,947.18
Reserve for Pedestrian Bridge 250,000.00
Reserve for Park Improvements 650,000.00
Reserve for Intersection Improvements 250,000.00
Reserve for Debt Service of BMUA 208,558.04
Reserve of Preliminary Expenses 3,166.80
Reserve for Marist High School 100,000.00
Reserve for Debt Retirement 50,640.71
BOND ANTICIPATION NOTES PAYABLE 26,564,000.00
GENERAL SERIAL BONDS 134,840,999.89
TYPE 1 SCHOOL BONDS 19,941,000.00
LOANS PAYABLE 5,466,825.77
CAPITAL LEASES PAYABLE 6,049,957.23
Contract Payable 8,216,386.65
Assignment Agreement Payabel 40,000,000.00
RESERVE FOR CAPITAL PROJECTS
Capital Appreciation Bonds 1,000,000.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED 1,339,099.17
UNFUNDED 51,010,283.39
ENCUMBRANCES PAYABLE
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND 286,853.16
DOWN PAYMENTS ON IMPROVEMENTS
CAPITAL FUND BALANCE 954,386.06
364,016,788.01 364,016,788.01
(Do not crowd - add additional sheets)
Sheet 8.1
CASH RECONCILIATION DECEMBER 31, 2024
Cash Cash Book
*On Hand On Deposit Less Checks Outstanding Balance
Current 7,817,980.60 23,311,082.43 4,064,102.11 27,064,960.92
Grant Fund 2,185,406.17 2,185,406.17
Trust - Animal Control 3.00 10,022.77 618.22 9,407.55
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG 1,677.36 229.33 1,906.69
Trust - Other 83,808.30 33,570,039.73 1,683,559.14 31,970,288.89
Trust - Arts and Culture
General Capital 2,547,280.00 9,530,576.31 12,077,856.31
UTILITIES:
Parking Capital 140,058.68 140,058.68
Parking Operations 8,774.12 1,505,360.49 1,514,134.61
Disability 52,166.20 183.62 51,982.58
Official I 7,609.64 170,447.82 178,057.46
Official II 3,146.65 3,146.65
Payroll Deduction 170,542.82 1,328,729.24 414,041.32 1,085,230.74
Police & Fire Payroll

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"...60,125.90 UEZ Assistance Fund 1,727,812.71 1,727,812.71 2024 UEZ Various Services 2,009,706.99 2,009,706.99 Open 4 Bus Productions 110.00 110.00 Cash Performance Bond 4,864,479.00 4,495,534.65 4,289,654.40 5,070,359.25 PAGE TOTAL $ 26,077,078.34 $ 18,342,513.34 $ 8,655,397.28 $ 35,764,194.40 Sheet 6b SCHEDULE OF TR..."

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