Start your 7-day free trial — unlock full access instantly.
← Back to Search
Lead Closed
This opportunity is no longer accepting submissions.
2018 Annual Financial Statement – unaudited
BID #: N/A
DUE: 2/10/2019
VALUE: TBD
100
Rating
Risk Rank
Green Risk
AI-Powered Lead Insights
Executive Summary
The document presented is the Annual Financial Statement (unaudited) for the Township of Little Egg Harbor, County of Ocean, for the fiscal year 2018. It includes detailed financial data on various municipal funds, including the Current Fund, Federal and State Grant Fund, Capital Fund, Trust Assessment Fund, Other Trust Fund, and Public Assistance Fund. The report provides comparative balance sheets, schedules of revenues and appropriations, debt service schedules, and other financial information required by New Jersey Statutes Annotated 40A:5-12.
Web Content
Automated discovery link found on Little Egg Harbor website.
Document Text
--- Document: 2018 Annual Financial Statement – unaudited Document ---
Page 1 of 78
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018
(UNAUDITED)
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2018
MUNICODE
1516
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2019
MUNICIPALITIES - FEBRUARY 10, 2019
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
Township
of
Little Egg Harbor
County of
Ocean
SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES
Date
Examined By:
1
Preliminary Check
2
Examined
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be
supported upon demand by a register or other detailed analysis.
Signature:
Rodney Haines
Title:
CMFO
(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, 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 all 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 Rodney Haines am the Chief Financial Officer, License #N-1714, of the Township of Little Egg
Harbor, County of Ocean 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, 2018, completely in compliance with N.J.S.A. 40A:5-12, as amended. I also give
complete assurances 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, 2018.
Prepared by Chief Financial Officer:
Yes
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.
Signature
Rodney Haines
Title
CMFO
Address
665 Radio Road
Little Egg Harbor Township, NJ 08087
Phone Number
609-296-7241
Email
rhaines@leht.com
Page 2 of 78
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statements and analyses included in the
accompanying Annual Financial Statement from the books of account and records made available to me
by the Township of Little Egg Harbor as of December 31, 2018 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 came to my
attention that caused me to believe that the Annual Financial Statement for the year end December 31,
2018 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 the 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:
Registered Municipal Accountant
Firm Name
618 STOKES RD
MEDFORD, New Jersey 08055
Address
6099530612
Phone Number
kfrenia@hfacpas.com
Email
Certified by me
3/4/2019
Page 3 of 78
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.
CERTIFICATION OF QUALIFYING MUNICIPALITY
1.
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%
2.
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" referendum.
10. The municipality will not apply for Transitional Aid for 2019.
The undersigned certifies that this municipality has compiled 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:
Little Egg Harbor
Chief Financial Officer:
Rodney Haines
Signature:
Rodney Haines
Certificate #:
N-1714
Date:
3/8/2019
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:
Little Egg Harbor
Chief Financial Officer:
Rodney Haines
Signature:
Rodney Haines
Certificate #:
N-1714
Date:
3/7/2019
Page 4 of 78
21-0732629
Fed I.D. #
Little Egg Harbor
Municipality
Ocean
County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending: December 31, 2018
(1)
(2)
(3)
Federal Programs
Expended
(administered by
the State)
State Programs
Expended
Other Federal
Programs
Expended
TOTAL
$224,794.65
$2,808,350.19
$
Type of Audit required by OMB Uniform
Guidance and N.J. Circular 15-08-OMB:
Single Audit
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 OMB Uniform Guidance and
N.J. Circular 15-08 OMB. The single audit threshold has been increased to $750,000
beginning with fiscal year starting 1/1/2015.
(1) Report expenditures from federal pass-through programs received directly from state
governments. 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 (i.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 governments.
Rodney Haines
3/8/2019
Signature of Chief Financial Officer
Date
Page 5 of 78
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
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 or 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 Township of Little Egg Harbor, County of Ocean during the year 2018.
I have therefore removed from this statement the sheets pertaining only to utilities.
Signature:
Rodney Haines
Name:
Rodney Haines
Title:
CMFO
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2018
☒ Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax
year 2019 and filed with the County Board of Taxation on January 10, 2019 in accordance with the
requirement of N.J.S.A. 54:4-35, was in the amount of
$2,327,945,017
Mandi Johnson
SIGNATURE OF TAX ASSESSOR
Little Egg Harbor
MUNICIPALITY
Ocean
COUNTY
Page 6 of 78
CURRENT FUND ASSETS
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Cash:
Cash
6,246,638.44
Change Fund
1,870.00
Sub Total Cash
6,248,508.44
Investments:
Sub Total Investments
Other Receivables
Due from State: NJ Sr. Citizens and Veterans Deductions
226,754.35
Sub Total Assets not offset by Reserve for Receivables
Receivables and Other Assets with Full Reserves
Delinquent Property Taxes Receivable
76,581.35
Tax Title Liens Receivable
812,765.26
Property Acquired for Taxes (Foreclosed Property)
5,757,700.00
Prepaid School Taxes
103,812.29
Revenue Accounts Receivable
12,525.96
Interfund Receivable "Defined by user"
1,628.58
Interfund Receivable - Other Trust
4,674.64
Interfund Receivable - Payroll Trust
127,813.72
Sub Total Receivables and Other Assets with Reserves
6,897,501.80
Deferred Charges
Overexpended Appropriation Reserves
249,536.59
Miscellaneous Other Assets or Other Deferred Charges
4,348,463.18
Sub Total Deferred Charges
4,597,999.77
Total Assets
17,970,764.36
Page 7 of 78
CURRENT FUND LIABILITIES, RESERVES AND FUND BALANCE
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Liabilities:
Reserve for Encumbrances
103,537.52
Appropriation Reserves
427,466.20
Tax Overpayments
174,398.28
School Taxes Payable
1,204,632.46
Due to County for Added and Omitted Taxes
84,984.67
Prepaid Taxes
679,278.79
Due State - DCA Training Fees
7,661.00
Due Bass River Twp - Construction Fees
1,192.80
Due to Grant Fund
782.00
Reserve for Debt Service - Green Acres
7,772.89
Reserve for Insurance Proceeds - JIF
2,419.00
Reserve for Reassessment
100,047.00
Reserve for Closed Escrow Accts
54,052.92
Due State of NJ - Marriage Licenses
725.00
Reserve for Retail Mercantile License
2,700.00
Reserve for FEMA Reimbursements
3,722.78
Reserve for Receivables
12,525.96
Reserve for Interfund - Payroll
127,813.72
Community Disaster Loan Payable
4,348,463.18
Reserve for Interfund - Escrow Trust
1,628.58
Reserve for Interfund- Trust Other
4,674.64
Reserve for Delinquent Tax Receivable
76,581.35
Reserve for TTL Receivable
812,765.26
Reserve for Property Acquired for Taxes
5,757,700.00
Total Liabilities
13,997,526.00
Total Liabilities, Reserves and Fund Balance:
Fund Balance
3,973,238.36
Total Liabilities, Reserves and Fund Balance
17,970,764.36
Page 8 of 78
FEDERAL AND STATE GRANT FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Cash
384,070.47
Federal and State Grants Receivable
2,133,111.65
Interfund Receivable - Current Fund
782.00
Total Assets Federal and State Grant Fund
2,517,964.12
Liabilities
Reserve for Encumbrances
2,282.94
Federal and State Appropriated Reserves
2,505,825.93
Federal and State Unappropriated Reserves
9,855.25
Total Liabilities Federal and State Grant Fund
2,517,964.12
Page 9 of 78
CAPITAL FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Cash
2,389,462.10
Due from NJEIT
3,025,961.00
Due from Open Space
480,000.00
Deferred Charges
Deferred Charges to Future Taxation - Unfunded
16,413,854.17
Deferred Charges to Future Taxation - Funded
12,174,355.25
Total Deferred Charges
28,588,209.42
Total Assets General Capital Fund
34,483,632.52
Liabilities
Reserve for Encumbrances
687,951.34
Improvement Authorizations-Funded
2,409,853.30
Improvement Authorizations Unfunded
7,673,708.27
Bonds Payable
7,750,000.00
Bond Anticipation Notes Payable
10,520,000.00
Capital Improvement Fund
96,044.00
Reserve for Bond Payments
780,233.44
General Capital Reserves
63,987.00
General Capital Reserves
374,026.25
General Capital Reserves
4,050,329.00
General Capital Reserves
3,722.00
Total Liabilities and Reserves
34,409,854.60
Fund Balance
Fund Balance
73,777.92
Total General Capital Liabilities
34,483,632.52
Page 10 of 78
TRUST ASSESSMENT FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Cash:
Cash-Assessment Trust
54,096.41
Sub Total Cash
54,096.41
Investments
Sub Total Investments
Assets not offset by Receivables
Sub Total Assets not offset by Receivables
Assets offset by the Reserve for Receivables
Assets offset by the Reserve for Receivables
Deferred Charges
Sub Total Deferred Charges
Total Assets
54,096.41
Liabilities and Reserves
Total Liabilities and Reserves
Fund Balance
Fund Balance
54,096.41
Total Liabilities, Reserves, and Fund Balance
54,096.41
Page 11 of 78
OTHER TRUST FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Trust Animal Control Assets
Cash- Dog
27.00
Total Dog Trust Assets
27.00
Animal Control Trust Reserves
Reserve - Dog Fund
27.00
Total Dog Trust Reserves
27.00
CDBG Assets
Total CDBG Trust Assets
CDBG Reserves
Total CDBG Trust Reserves and Liabilities
LOSAP Trust Assets
Total LOSAP Trust Assets
LOSAP Trust Reserves
Total LOSAP Trust Reserves
Open Space Trust Assets
Cash
2,202,985.19
Total Open Space Trust Assets
2,202,985.19
Open Space Trust Reserves
Interfund - Due Capital Fund
480,000.00
Reserve for Open Space, Recreation, Farmland and Historic
Preservation Trust
1,722,985.19
Total Open Space Trust Reserves
2,202,985.19
Other Trust Assets
Cash
3,529,901.44
Total Other Trust Assets
3,529,901.44
Other Trust Reserves
Accounts Payable
84,214.05
Due to Current Fund
4,674.64
Due to Current Fund
1,628.58
Due to Current Fund
127,813.72
Total Miscellaneous Trust Reserves (31-287)
401,104.29
Total Trust Escrow Reserves (31-286)
2,910,466.16
Total Other Trust Reserves and Liabilities
3,529,901.44
Page 12 of 78
PUBLIC ASSISTANCE FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Total Public Assistance Assets
Liabilities and Reserves
Total Public Assistance Reserves and Liabilities
Page 13 of 78
SCHEDULE OF TRUST FUND RESERVES
Purpose
Amount Dec. 31, 2017 Per
Audit Report
Receipts
Disbursements
Balance as of
Dec. 31, 2018
Reserve for Police Equipment
$
$1,736.08
$
$1,736.08
Reserve for Police Evidence Deposits
$
$3,352.80
$
$3,352.80
Reserve for COAH Trust
$260,600.71
$74,341.44
$33,383.00
$301,559.15
Reserve for Community Center
$3,582.88
$
$
$3,582.88
Reserve for Escrow Deposits
$1,351,109.86
$199,855.61
$300,284.48
$1,250,680.99
Reserve for Federal Forfeiture Law Enforcement
Fund
$2,858.05
$3,007.61
$1,600.00
$4,265.66
Reserve for Forfeited Property
$28,798.88
$26,547.15
$14,425.30
$40,920.73
Reserve for Misc Reserves
$80,011.94
$96,267.56
$
$176,279.50
Reserve for POAA Funds
$586.00
$62.00
$
$648.00
Reserve for Police Community Activities
$1,100.00
$
$
$1,100.00
Reserve for Recreation
$2,057.00
$0.05
$
$2,057.05
Reserve for Redemption of Tax Sale Certificates
$1,706,969.93
$2,882,076.91
$3,113,787.10
$1,475,259.74
Reserve for Sick and Vacation Trust
$46,294.81
$150,000.00
$146,166.94
$50,127.87
Totals
$3,483,970.06
$3,437,247.21
$3,609,646.82
$3,311,570.45
Page 14 of 78
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
Receipts
Title of Liability to which Cash and Investments are
Pledged
Audit Balance Dec.
31, 2017
Assessments
and Liens
Current Budget
Other
Disbursements
Balance Dec. 31, 2018
Assessment Bond Anticipation Note Issues:
Other Liabilities
Trust Surplus
Trust Surplus
54,096.41
54,096.41
Less Assets “Unfinanced”
Totals
54,096.41
54,096.41
Page 15 of 78
CASH RECONCILIATION DECEMBER 31, 2018
Cash
On Hand
On Deposit
Less Checks
Outstanding
Cash Book Balance
Capital - General
2,960,353.66
570,891.56
2,389,462.10
Current
47,366.69
6,473,192.87
272,051.12
6,248,508.44
Federal and State Grant Fund
390,895.47
6,825.00
384,070.47
Municipal Open Space Trust Fund
2,202,985.19
2,202,985.19
Public Assistance #1**
Public Assistance #2**
Trust - Assessment
54,096.41
54,096.41
Trust - Dog License
27.00
27.00
Trust - Other
43,204.34
3,521,342.55
34,645.45
3,529,901.44
Total
90,571.03
15,602,893.15
884,413.13
14,809,051.05
* - Include Deposits In Transit
** - Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains
such a bank account
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have
been verified with the applicable bank statements, certificates, agreements or passbooks at December 31,
2018.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on
any trial balance have been verified with the applicable passbooks at December 31, 2018.
All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported
as cash and included in this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT
(STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this
Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature:
Rodney Haines
Title:
CMFO
Page 16 of 78
CASH RECONCILIATION DECEMBER 31, 2018 (CONT'D)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Bank
Amount
Payroll Trust
216,299.90
Animal Control Account
27.00
Capital Account
2,960,353.66
Cell Tower Escrow
204,205.43
Change Fund
COAH Account
301,559.25
Community Center Account
3,582.88
Developer's Escrow Master Account
1,047,837.04
Escrow Trust Account
23,266.41
Federal Forfeiture Account
4,265.66
Grant Trust Account
390,895.47
Open Space Account
2,202,985.19
Recreation Account
2,057.05
Sick & Vacation Trust
50,127.87
Special Law Enforcement Trust
40,920.73
Tax Collector's Account - Current
4,353,295.33
Tax Title Lien Acccount
1,462,238.80
Treasurer's Account
2,119,897.54
Trust Assessment
54,096.41
Trust Other Account
164,981.53
Total
15,602,893.15
Note: Sections N.J.S.A. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate
bank accounts be maintained for each allocated fund.
Page 17 of 78
MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE
Grant
Balance Jan. 1, 2018
2018 Budget
Revenue Realized
Received
Canceled
Other
Balance
Dec. 31, 2018
Other Grant Receivable
Description
Recycling Tonnage Grant
30,928.89
30,928.89
0.00
2017 NJDOT Municipal Road Aid
200,000.00
200,000.00
0.00
Recycling Revenue - Ocean County
10,054.00
10,054.00
0.00
Department of Justice Grant
1,488.00
1,488.00
0.00
Coastal Zone Management
2,444.00
2,444.00
0.00
2018 NJDOT Municipal Road Aid
350,000.00
350,000.00
Clean Communities Grant
51,039.06
51,039.06
0.00
966 Reimbursement Grant
15,193.42
5,817.00
9,376.42
Alcohol Education & Rehabilitation
Program
782.00
782.00
0.00
Bulletproof Vest Partnership Grant
6,207.81
6,207.81
CDBG - 2015
19,226.71
19,226.71
Child Restraint Grant
2,500.00
2,500.00
National Fish & Wildlife
1,404,454.33
196,228.92
1,208,225.41
Neighborhood Community
Revitalization Grant
2,464.22
2,464.22
NJDEP Living Shore Grant
400,000.00
400,000.00
NJOEM Grant
6,203.35
6,203.35
Ocean County Recycling Revenue Share
10,053.55
10,053.55
Post Sandy Planning Assistance
93,854.18
93,854.18
Safe & Secure Communities Program
25,000.00
60,000.00
60,000.00
25,000.00
Total
1,985,939.57
705,953.95
557,999.87
782.00
0.00
2,133,111.65
Page 18 of 78
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation by
40A:4-87
Expended
Cancelled
Other
Balance
Dec. 31 2018
Other Grant Receivable
Description
966 Reimbursement
15,582.77
15,582.77
Alcohol Education and
Rehabilitation Grant
1,631.95
1,631.95
Body Armor Replacement Fund
3,428.90
3,428.90
0.00
CDBG - 2014
31,062.15
31,062.15
CDBG - 2015
30,493.42
30,493.42
Child Restraint Grant
2,500.00
2,500.00
Clean Communities
51,039.06
51,039.06
Clean Communities Program - 2017
53,425.51
53,186.45
239.06
Clean Communities Program - Prior
16,885.78
16,885.78
0.00
Coastal Zone Management
2,444.00
2,444.00
Coastal Zone Management
153.75
153.75
Department of Justice
1,488.00
1,488.00
Drunk Driving Enforcement Fund
3,102.91
2,604.96
497.95
Municipal Access Plan
15,000.00
15,000.00
National Fish & Wildlife
1,439,625.56
224,794.65
1,214,830.91
National Wildlife Refuge
130.00
130.00
NJDEP Living Shoreline
400,000.00
400,000.00
NJDOT Municipal Aid Program -
2014
188,119.25
188,119.25
NJDOT Municipal Road Aid 2017
200,000.00
200,000.00
0.00
NJDOT Municipal Road Aid 2018
350,000.00
350,000.00
NJOEM Grant
20.95
20.95
Ocean County Recycling Revenue
and Residue
9,371.49
8,932.49
439.00
Page 19 of 78
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation by
40A:4-87
Expended
Cancelled
Other
Balance
Dec. 31 2018
Other Grant Receivable
Description
Ocean County Recycling Revenue
Sharing
9,614.55
9,614.55
Ocean County Recycling Revenue
Sharing - 2015
5,382.42
5,382.42
0.00
Ocean County Recycling Revenue
Sharing - 2017
9,849.02
9,849.02
Ocean County Recycling Revenue
Sharing PY17
10,054.00
10,054.00
Post Sandy Planning Assistance
64,004.19
15,930.93
48,073.26
Recycling Revenue and Reside
25,377.56
25,377.56
Recycling Tonnage Grant - 2017
31,060.86
31,060.86
Recycling Tonnage Grant - County
13,496.76
3,080.89
10,415.87
Recycling Tonnage Grant - Prior
10,326.58
10,326.58
0.00
Recycling Tonnage Grant 2018
30,928.59
30,928.59
Refuge Revenue Sharing Act
2,240.00
2,240.00
Safe and Secure Communities -
2014
45,000.00
45,000.00
0.00
Safe and Secure Communities -
2015
60,000.00
60,000.00
0.00
Safe and Secure Communities -
2016
60,000.00
60,000.00
0.00
Safe and Secure Communities -
2017
60,000.00
60,000.00
0.00
Safe and Secure Communities -
Prior
120,000.00
107,460.00
12,540.00
Safe and Secure Communities 2018
60,000.00
50,000.00
10,000.00
Total
2,726,886.33
594,914.59
111,039.06
927,014.05
0.00
0.00
2,505,825.93
Page 20 of 78
Page 21 of 78
SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation By
40A:4-87
Receipts
Grants Receivable
Other
Balance
Dec. 31, 2018
Other Grant Receivable
Description
Coastal Zone Management
2,444.42
2,444.42
0.00
Department of Justice Grant
9,855.25
9,855.25
Department of Justice Grant
1,488.00
1,488.00
0.00
Recycling Revenue - Ocean County
10,054.00
10,054.00
0.00
Total
13,986.42
13,986.42
0.00
9,855.25
0.00
0.00
9,855.25
Page 22 of 78
LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxx
1,033,336.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018)
xxxxxxxxxx
5,236,297.00
Prepaid Beginning Balance
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
13,553,182.00
Levy Calendar Year 2018
xxxxxxxxxx
Paid
13,381,885.54
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
1,204,632.46
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy -2018 -2019)
5,236,297.00
xxxxxxxxxx
Prepaid Ending Balance
xxxxxxxxxx
19,822,815.00
19,822,815.00
Amount Deferred at during year
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of
Education for use of local schools
# Must include unpaid requisitions
MUNICIPAL OPEN SPACE TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
2,239,689.26
2018 Levy
xxxxxxxxxx
23,175.08
Added and Omitted Levy
xxxxxxxxxx
202.62
Interest Earned
xxxxxxxxxx
3,779.01
Expenditures
543,860.78
xxxxxxxxxx
Balance December 31, 2018
1,722,985.19
xxxxxxxxxx
2,266,845.97
2,266,845.97
Page 23 of 78
REGIONAL SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
0.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018)
xxxxxxxxxx
0.00
Prepaid Beginning Balance
xxxxxxxxxx
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
Levy Calendar Year 2018
xxxxxxxxxx
Paid
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
0.00
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 -2019)
0.00
xxxxxxxxxx
Prepaid Ending Balance
xxxxxxxxxx
0.00
0.00
Amount Deferred at during Year
# Must include unpaid requisitions
REGIONAL HIGH SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
185,423.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 - 2018 )
xxxxxxxxxx
0.00
Prepaid Beginning Balance
xxxxxxxxxx
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
Levy Calendar Year 2018
xxxxxxxxxx
15,250,618.00
Paid
15,539,853.29
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 -2019)
0.00
xxxxxxxxxx
Prepaid Ending Balance
103,812.29
xxxxxxxxxx
15,539,853.29
15,539,853.29
Amount Deferred at during year
# Must include unpaid requisitions
Page 24 of 78
COUNTY TAXES PAYABLE
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
0.00
Due County for Added and Omitted Taxes
xxxxxxxxxx
128,995.83
2018 Levy
xxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxx
8,166,783.00
County Library
xxxxxxxxxx
891,032.31
County Health
xxxxxxxxxx
321,746.47
County Open Space Preservation
xxxxxxxxxx
282,293.52
Due County for Added and Omitted Taxes
xxxxxxxxxx
84,984.54
Paid
9,790,851.00
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
County Taxes
0.00
xxxxxxxxxx
Due County for Added and Omitted Taxes
84,984.67
xxxxxxxxxx
9,875,835.67
9,875,835.67
Paid for Regular County Levies
9,661,855.30
Paid for Added and Omitted Taxes
128,995.70
SPECIAL DISTRICT TAXES
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
20,740.00
2018Levy (List Each Type of District Tax
Separately – see Footnote)
xxxxxxxxxx
xxxxxxxxxx
Fire Districts
xxxxxxxxxx
1,678,653.00
Total 2018 Levy
xxxxxxxxxx
1,678,653.00
Paid
1,699,393.00
xxxxxxxxxx
Balance December 31, 2018
0.00
xxxxxxxxxx
1,699,393.00
1,699,393.00
Footnote: Please state the number of districts in each instance.
Page 25 of 78
STATEMENT OF GENERAL BUDGET REVENUES 2018
Source
Budget -01
Realized -02
Excess or
Deficit -03
Surplus Anticipated
2,850,000.00
2,850,000.00
0.00
Surplus Anticipated with Prior Written Consent of Director
of Local Government
Adopted Budget
3,687,171.67
3,667,884.93
-19,286.74
Added by N.J.S.A. 40A:4-87
111,039.06
111,039.06
0.00
Total Miscellaneous Revenue Anticipated
3,798,210.73
3,778,923.99
-19,286.74
Receipts from Delinquent Taxes
119,000.00
58,820.35
-60,179.65
Amount to be Raised by Taxation:
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
(a) Local Tax for Municipal Purposes
15,604,864.10
xxxxxxxxxx
xxxxxxxxxx
(b) Addition to Local District School Tax
xxxxxxxxxx
xxxxxxxxxx
(c) Minimum Library Tax
xxxxxxxxxx
xxxxxxxxxx
County Only: Total Raised by Taxation
xxxxxxxxxx
xxxxxxxxxx
Total Amount to be Raised by Taxation
15,604,864.10
16,224,080.60
619,216.50
22,372,074.83
22,911,824.94
539,750.11
ALLOCATION OF CURRENT TAX COLLECTIONS
Debit
Credit
Current Taxes Realized in Cash
xxxxxxxxxx
56,050,262.72
Amount to be Raised by Taxation:
xxxxxxxxxx
xxxxxxxxxx
Local District School Tax
13,553,182.00
xxxxxxxxxx
Regional School Tax
xxxxxxxxxx
Regional High School Tax
15,250,618.00
xxxxxxxxxx
County Taxes
9,661,855.30
xxxxxxxxxx
Due County for Added and Omitted Taxes
84,984.54
xxxxxxxxxx
Special District Taxes
1,678,653.00
xxxxxxxxxx
Municipal Open Space Tax
23,377.70
xxxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxxx
426,488.42
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxxx
Balance for Support of Municipal Budget (or)
16,224,080.60
xxxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxxx
56,476,751.14
56,476,751.14
* These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget"
column of the statement at the top of this sheet. In such instances, any excess or deficit in the above
allocation would apply to "Non-Budget Revenue" only.
Page 26 of 78
STATEMENT OF GENERAL BUDGET REVENUES 2018
MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S.A. 40A:4-87
Source
Budget
Realized
Excess or (Deficit)
Safe & Secure Communities Grant
60,000.00
60,000.00
0.00
Clean Communities Program
51,039.06
51,039.06
0.00
TOTAL
111,039.06
111,039.06
0.00
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I
have received written notification of the award of public or private revenue. These insertions meet the
statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Rodney Haines
Page 27 of 78
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2018
2018 Budget as Adopted
22,261,035.77
2018 Budget - Added by N.J.S.A. 40A:4-87
111,039.06
Appropriated for 2018 (Budget Statement Item 9)
22,372,074.83
Appropriated for 2018 Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
22,372,074.83
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
22,372,074.83
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
21,517,117.89
Paid or Charged - Reserve for Uncollected Taxes
426,488.42
Reserved
427,466.20
Total Expenditures
22,371,072.51
Unexpended Balances Cancelled (see footnote)
1,002.32
FOOTNOTES - RE: OVEREXPENDITURES
Every appropriation overexpended in the budget document must be marked with an * and must agree in
the aggregate with this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total
Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended
Balances Canceled."
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR
LOCAL DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
2018 Authorizations
N.J.S.A. 40A:4-46 (After adoption of Budget)
N.J.S.A. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
Page 28 of 78
RESULTS OF 2018 OPERATION
CURRENT FUND
Debit
Credit
Cancelation of Reserves for Federal and State Grants
(Credit)
Cancellation of Federal and State Grants Receivable
(Debit)
Deferred School Tax Revenue: Balance December 31,
CY
5,236,297.00
Deferred School Tax Revenue: Balance January 1, CY
5,236,297.00
Deficit in Anticipated Revenues: Delinquent Tax
Collections
60,179.65
Deficit in Anticipated Revenues: Miscellaneous
Revenues Anticipated
19,286.74
Deficit in Anticipated Revenues: Required Collection
of Current Taxes
Excess of Anticipated Revenues: Delinquent Tax
Collections
0.00
Excess of Anticipated Revenues: Miscellaneous
Revenues Anticipated
0.00
Excess of Anticipated Revenues: Required Collection
of Current Taxes
619,216.50
Interfund Advances Originating in CY (Debit)
Miscellaneous Revenue Not Anticipated
749,123.56
Miscellaneous Revenue Not Anticipated: Proceeds of
Sale of Foreclosed Property
Prior Years Interfunds Returned in CY (Credit)
76,650.76
Refund of Prior Year Revenue (Debit)
Sale of Municipal Assets (Credit)
Senior Citizen Deductions Disallowed - Prior Year
Taxes (Debit)
Statutory Excess in Reserve for Dog Fund
Expenditures (Credit)
Tax Overpayment Adjustment
191,172.90
Unexpended Balances of CY Budget Appropriations
1,002.32
Unexpended Balances of PY Appropriation Reserves
(Credit)
851,075.31
Surplus Balance
2,026,429.16
xxxxxxxxxx
Deficit Balance
xxxxxxxxxx
7,533,365.45
7,533,365.45
Page 29 of 78
SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED
Source
Amount Realized
Interest on Investments and Deposits
32,787.25
Refund Prior Year Expenditures - Grants
316,915.65
Premiums on Tax Sale Forfeited
46,910.00
Miscellaneous - Tax Collector
53,687.39
FEMA Reimbursements
172,163.86
Insurance Reimbursements
79,069.73
Miscellaneous - Other
24,839.97
Senior Citizen and Veteran Administration Fee
6,354.71
Trash Cans
16,395.00
Total Amount of Miscellaneous Revenues Not Anticipated
$749,123.56
Page 30 of 78
SURPLUS – CURRENT FUND
YEAR 2018
Debit
Credit
Amount Appropriated in the CY Budget - Cash
2,850,000.00
Amount Appropriated in the CY Budget - with
Prior Written Consent of Director of Local
Government Services
Balance January 1, CY (Credit)
4,796,809.20
Excess Resulting from CY Operations
2,026,429.16
Miscellaneous Revenue Not Anticipated: Payments
in Lieu of Taxes on Real Property (Credit)
Balance December 31, 2018
3,973,238.36
xxxxxxxxxx
6,823,238.36
6,823,238.36
ANALYSIS OF BALANCE DECEMBER 31, 2018
(FROM CURRENT FUND – TRIAL BALANCE)
Cash
6,248,508.44
Investments
Sub-Total
6,248,508.44
Deduct Cash Liabilities Marked with “C” on Trial Balance
2,855,373.31
Cash Surplus
3,393,135.13
Deficit in Cash Surplus
Other Assets Pledged to Surplus
Due from State of N.J. Senior Citizens and Veterans
Deduction
226,754.35
Deferred Charges #
249,536.59
Cash Deficit
0.00
Prepaid School Taxes
103,812.29
Total Other Assets
580,103.23
3,973,238.36
Page 31 of 78
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES – 2018 LEVY
1.
Amount of Levy as per Duplicate (Analysis) #
$54,132,070.45
or
(Abstract of Ratables)
$
2.
Amount of Levy Special District Taxes
$1,678,653.00
3.
Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et. seq.
$
4.
Amount Levied for Added Taxes under
$501,017.54
N.J.S.A. 54:4-63.1 et. seq.
5a.
Subtotal 2018 Levy
$56,311,740.99
5b.
Reductions due to tax appeals **
$
5c.
Total 2018 Tax Levy
$56,311,740.99
6.
Transferred to Tax Title Liens
$130,987.93
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$101,745.89
9.
Discount Allowed
$
10.
Collected in Cash: In 2017
$1,765,588.34
In 2018*
$53,059,395.83
Homestead Benefit Revenue
$913,529.93
State's Share of 2018 Senior Citizens and Veterans
Deductions Allowed
$311,748.62
Total to Line 14
$56,050,262.72
11.
Total Credits
$56,282,996.54
12.
Amount Outstanding December 31, 2018
$28,744.45
13.
Percentage of Cash Collections to Total 2018 Levy,
(Item 10 divided by Item 5c) is
99.5357
Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy
Sale?
No
14.
Calculation of Current Taxes Realized in Cash:
Total of Line 10
$56,050,262.72
Less: Reserve for Tax Appeals Pending
$
State Division of Tax Appeals
To Current Taxes Realized in Cash
$56,050,262.72
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $56,311,740.99, and Item 10 shows $56,050,262.72, the percentage represented by
the cash collections would be $56,050,262.72 / $56,311,740.99 or 99.5357. The correct percentage to be
shown as Item 13 is 99.5357%.
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans
Deductions.
* Include overpayments applied as part of 2018 collections.
** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the
governing body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41)
Page 32 of 78
ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2018
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997
(1)Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash……………………………………………...
LESS: Proceeds from Accelerated Tax Sale……………………………………
NET Cash Collected…………………………………………………….
Line 5c Total 2018 Tax Levy……………
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is……………………………………..
(2)Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash………………………………………………
LESS: Proceeds from Tax Levy Sale (excluding premium)……………………..
NET Cash Collected...................................................................................
Line 5c Total 2018 Tax Levy……………
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is……………………………………
Page 33 of 78
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit
Credit
1
Balance Jan 1, CY: Due From State of New
Jersey (Debit)
244,124.89
1
Balance Jan 1, CY: Due To State of New
Jersey (Credit)
0.00
9
Received in Cash from State (Credit)
317,735.60
5
Sr Citizens Deductions Allowed By Tax
Collector – Prior Years (Debit)
4
Sr. Citizen & Veterans Deductions Allowed
by Collector (Debit)
1,582.19
7
Sr. Citizen & Veterans Deductions
Disallowed by Collector (Credit)
2,083.57
8
Sr. Citizens Deductions Disallowed By Tax
Collector PY Taxes (Credit)
11,383.56
2
Sr. Citizens Deductions Per Tax Billings
(Debit)
53,750.00
3
Veterans Deductions Per Tax Billings
(Debit)
258,500.00
Balance December 31, 2018
226,754.35
557,957.08
557,957.08
Calculation of Amount to be included on Sheet 22, Item
10- 2018 Senior Citizens and Veterans Deductions
Allowed
Line 2
53,750.00
Line 3
258,500.00
Line 4
1,582.19
Sub-Total
313,832.19
Less: Line 7
2,083.57
To Item 10
311,748.62
Page 34 of 78
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING
(N.J.S.A. 54:3-27)
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
0.00
Taxes Pending Appeals
0.00
xxxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending
Appeals
0.00
xxxxxxxxxx
xxxxxxxxxx
Contested Amount of 2018 Taxes Collected which are
Pending State Appeal
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Budget Appropriation
xxxxxxxxxx
Cash Paid to Appellants
(Including 5% Interest from Date of Payment
xxxxxxxxxx
Closed to Results of Operations
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
Taxes Pending Appeals*
xxxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending
Appeals
xxxxxxxxxx
xxxxxxxxxx
*Includes State Tax Court and County Board of Taxation
Appeals Not Adjusted by December 31, 2018
Dayna Wilson
Signature of Tax Collector
T-8078
3/8/2019
License #
Date
Page 35 of 78
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
1.
Balance January 1, 2018
711,262.80
xxxxxxxxxx
A. Taxes
63,632.17
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
647,630.63
xxxxxxxxxx
xxxxxxxxxx
2.
Cancelled
A. Taxes
xxxxxxxxxx
43,759.58
B. Tax Title Liens
xxxxxxxxxx
3.
Transferred to Foreclosed Tax Title Liens:
A. Taxes
xxxxxxxxxx
0.00
B. Tax Title Liens
xxxxxxxxxx
4.
Added Taxes
47,909.67
xxxxxxxxxx
5.
Added Tax Title Liens
73,021.69
xxxxxxxxxx
6.
Adjustment between Taxes (Other than current year)
A. Taxes - Transfers to Tax Title Liens
xxxxxxxxxx
16,016.68
B. Tax Title Liens - Transfers from
Taxes
16,016.68
xxxxxxxxxx
7.
Balance Before Cash Payments
xxxxxxxxxx
788,434.58
8.
Totals
848,210.84
848,210.84
9.
Collected:
xxxxxxxxxx
58,820.35
A. Taxes
3,928.68
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
54,891.67
xxxxxxxxxx
xxxxxxxxxx
10.
Interest and Costs - 2018 Tax Sale
xxxxxxxxxx
11.
2018 Taxes Transferred to Liens
130,987.93
xxxxxxxxxx
12.
2018 Taxes
28,744.45
xxxxxxxxxx
13.
Balance December 31, 2018
xxxxxxxxxx
889,346.61
A. Taxes
76,581.35
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
812,765.26
xxxxxxxxxx
xxxxxxxxxx
14.
Totals
948,166.96
948,166.96
15.
Percentage of Cash Collections to
Adjusted Amount Outstanding
(Item No. 9 divided by Item
No. 7) is
7.4604
16.
Item No. 14 multiplied by percentage
shown above is
66,348.81
and represents the
maximum amount that may be anticipated
in 2019.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the
same.
Page 36 of 78
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit
Credit
Adjustment to Assessed Valuation (Credit)
Adjustment to Assessed Valuation (Debit)
Balance January 1, CY (Debit)
5,757,700.00
Foreclosed or Deeded in CY: Tax Title Liens (Debit)
Foreclosed or Deeded in CY: Taxes Receivable
(Debit)
Sales: Cash* (Credit)
Sales: Contract (Credit)
Sales: Gain on Sales (Debit)
Sales: Loss on Sales (Credit)
Sales: Mortgage (Credit)
Balance December 31, 2018
xxxxxxxxxx
5,757,700.00
5,757,700.00
5,757,700.00
CONTRACT SALES
Debit
Credit
Balance January 1, CY (Debit)
0.00
Collected * (Credit)
CY Sales from Foreclosed Property (Debit)
Balance December 31, 2018
xxxxxxxxxx
MORTGAGE SALES
Debit
Credit
Balance January 1, CY (Debit)
0.00
Collected * (Credit)
CY Sales from Foreclosed Property (Debit)
Balance December 31, 2018
xxxxxxxxxx
Analysis of Sale of Property:
$0.00
*Total Cash Collected in 2018
Realized in 2018 Budget
To Results of Operation
0.00
Page 37 of 78
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to
N.J.S.A. 40A:4-55, N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13)
Caused By
Amount
Dec. 31, 2017
per Audit
Report
Amount in
2018 Budget
Amount
Resulting from
2018
Balance as at
Dec. 31, 2018
Overexpenditure
Appropriation Reserves
$0.00
$0.00
$249,536.59
$249,536.59
Animal Control Fund
$0.00
$
$
$
Capital -
$0.00
$
$
$
Deficit from Operations
$0.00
$
$0.00
$0.00
Trust Assessment
$0.00
$
$
$
Trust Other
$0.00
$
$
$
Subtotal Current Fund
$0.00
$0.00
$249,536.59
$249,536.59
Subtotal Trust Fund
$0.00
$
$
$
Subtotal Capital Fund
$0.00
$
$
$
Total Deferred Charges
$0.00
$0.00
$249,536.59
$249,536.59
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH
HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR
N.J.S.A. 40A:2-51
Date
Purpose
Amount
$
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT
SATISFIED
In Favor Of
On Account Of
Date Entered
Amount
Appropriated for in
Budget of Year
2019
$
Page 38 of 78
N.J.S.A. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE
MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICI- PAL CONSOLIDATION ACT; FLOOD
OR HURRICANE DAMAGE.
Reduced in 2018
Date
Purpose
Amount
Authorized
Not Less Than 1/5
of Amount
Authorized*
Balance
Dec. 31, 2017
By 2018 Budget
Cancelled by
Resolution
Balance
Dec. 31, 2018
Totals
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A.
40A:4-53 et seq. and are recorded on this page.
Rodney Haines
Chief Financial Officer
* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2018 must be entered here and
then raised in the 2019 budget.
Page 39 of 78
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS/BRIDGES BY SNOW, ICE, FROST OR FLOOD
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Reduced in 2018
Date
Purpose
Amount
Authorized
Not Less Than 1/3
of Amount
Authorized*
Balance
Dec. 31, 2017
By 2018 Budget
Cancelled by
Resolution
Balance
Dec. 31, 2018
Totals
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A.
40A:4-55 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page.
Rodney Haines
Chief Financial Officer
* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2018 must be entered here and
then raised in the 2019 budget.
Page 40 of 78
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR BONDS
MUNICIPAL GENERAL CAPITAL BONDS
Debit
Credit
2019 Debt Service
Cancelled (Debit)
Issued (Credit)
Outstanding January 1, CY (Credit)
8,870,000.00
Paid (Debit)
1,120,000.00
Outstanding Dec. 31, 2018
7,750,000.00
xxxxxxxxxx
8,870,000.00
8,870,000.00
2019 Bond Maturities – General Capital Bonds
$1,170,000.00
2019 Interest on Bonds
210,437.50
ASSESSMENT SERIAL BONDS
Issued (Credit)
Outstanding January 1, CY (Credit)
0.00
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Bond Maturities – General Capital Bonds
$
2019 Interest on Bonds
LIST OF BONDS ISSUED DURING 2018
Purpose
2019 Maturity
Amount Issued
Date of
Issue
Interest
Rate
Total
Page 41 of 78
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR LOANS
MUNICIPAL GREEN ACRES TRUST LOAN
Debit
Credit
2019 Debt Service
Issued (Credit)
Outstanding January 1, CY (Credit)
443,554.31
Paid (Debit)
69,528.06
Outstanding Dec. 31,2018
374,026.25
xxxxxxxxxxx
443,554.31
443,554.31
2019 Loan Maturities
$70,925.90
2019 Interest on Loans
$7,127.69
Total 2019 Debt Service for Loan
$78,053.59
GREEN ACRES TRUST LOAN
Issued (Credit)
Outstanding January 1, CY (Credit)
0.00
Paid (Debit)
Outstanding Dec. 31,2018
xxxxxxxxxx
2019 Loan Maturities
$
2019 Interest on Loans
$
Total 2019 Debt Service for Loan
$
LIST OF LOANS ISSUED DURING 2018
Purpose
2019 Maturity
Amount Issued
Date of
Issue
Interest
Rate
Ord 18-08 Twin Lakes Drainage - NJEIT
4,050,329.00
8/21/2018
.00
Total
0.00
4,050,329.00
Page 42 of 78
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2018 DEBT SERVICE FOR LOANS
Debit
Credit
Debt Service
Outstanding January 1,
Issued
Paid
Outstanding December 31,
Loan Maturities
Interest on Loans
Total Debt Service for Loan
Page 43 of 78
Page 44 of 78
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit
Credit
2019 Debt Service
Outstanding January 1, CY (Credit)
0.00
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Bond Maturities – Term Bonds
$
2019 Interest on Bonds
$
TYPE I SCHOOL SERIAL BOND
Issued (Credit)
Outstanding January 1, CY (Credit)
0.00
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Interest on Bonds
2019 Bond Maturities – Serial Bonds
Total “Interest on Bonds – Type 1 School Debt
Service”
LIST OF BONDS ISSUED DURING 2018
Purpose
2019 Maturity -01
Amount Issued -02
Date of
Issue
Interest
Rate
Total
2019 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLY
Outstanding
Dec. 31, 2018
2019 Interest
Requirement
$
$
Page 45 of 78
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2019 Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding
Dec. 31, 2018
Date of Maturity
Rate of Interest
For Principal
For Interest
Interest
Computed to
(Insert Date)
Ord 16-05
3,320,250.00
2/2/2018
3,320,250.00
2/1/2019
0.02
0.00
83,006.25
2/1/2019
Ord 17-08 Various Capital
Improvements
1,619,750.00
2/2/2018
1,619,750.00
2/1/2019
0.02
0.00
40,493.75
2/1/2019
Ord 18-12 Dredging Osborn Island
1,500,000.00
11/20/2018
1,500,000.00
8/20/2019
0.02
0.00
25,312.50
8/20/2019
Ord 02-08 - Improvements to
Cherrywood Drive
30,666.00
2/4/2014
27,438.00
2/1/2019
0.01
27,438.00
341.85
2/1/2019
Ord 02-14/36 - Construction of
Recreation Facilities
40,730.00
2/4/2014
37,920.00
2/1/2019
0.01
37,920.00
472.45
2/1/2019
Ord 02-23 - Acquisition of Land -
Parker Run
46,550.00
2/4/2014
45,370.00
2/1/2019
0.01
26,803.36
565.27
2/1/2019
Ord 05-19 - Road Improvements
117,500.00
2/4/2014
98,945.00
2/1/2019
0.01
98,945.00
1,232.76
2/1/2019
Ord 07-04 - Road & Drainage
Improvements - North Burgee
Drive
170,000.00
2/4/2014
143,127.00
2/1/2019
0.01
110,680.92
1,783.22
2/1/2019
Ord 07-10 - Acquisition of Garbage
Truck
171,000.00
2/4/2014
114,000.00
2/1/2019
0.01
108,903.93
1,420.33
2/1/2019
Ord 08-03 - Acquisition &
Installation of Automatic Doors
24,130.00
2/2/2014
21,000.00
2/1/2019
0.01
6,109.74
300.64
2/1/2019
Ord 08-04 - Improvements to
Lexington Drive
395,675.00
2/4/2014
333,200.00
2/1/2019
0.01
171,760.93
4,151.34
2/1/2019
Ord 09-05 - Improvements to
Forest Edge Drive
204,250.00
2/4/2014
172,000.00
2/1/2019
0.01
79,382.68
2,142.95
2/1/2019
Ord 09-06 - Improvements to Frog
Pond Road
209,000.00
2/4/2014
176,000.00
2/1/2019
0.01
5,502.00
2,192.79
2/1/2019
Ord 11-15 - Various Capital
Improvements
1,610,250.00
2/10/2012
1,100,171.00
2/1/2019
0.02
0.00
27,504.28
2/1/2019
Ord 13-14 Various Capital
Improvements
2,042,360.00
2/4/2014
1,810,829.00
2/1/2019
0.02
198,066.66
45,270.73
2/1/2019
11,502,111.00
xxxxxxxxxx
10,520,000.00
xxxxxxxxxx
xxxxxxxxxx
871,513.22
236,191.11
xxxxxxxxxx
Page 46 of 78
Memo: Type I School Notes should be separately listed and totaled.
Memo: Refunding Bond Anticipation Notes should be separately listed and totaled.
* " Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 or written intent of
permanent financing submitted with statement.
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
Page 47 of 78
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
2019 Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of
Note
Outstanding
Dec. 31, 2018
Date of Maturity
Rate of Interest
For Principal
For Interest
Interest
Computed to
(Insert Date)
1,500,000.00
xxxxxxxxxx
1,500,000.00
xxxxxxxxxx
xxxxxxxxxx
0.00
25,312.50
xxxxxxxxxx
Assessment Notes with an original date of issue of December 31, or prior must be appropriated in full in the 2019 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".
(Do not crowd - add additional sheets)
Page 48 of 78
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
2019 Budget Requirement
Purpose
Amount of Obligation
Outstanding Dec. 31, 2018
For Principal
For Interest/Fees
Leases approved by LFB after July 1, 2007
Subtotal
Leases approved by LFB prior to July 1, 2007
Subtotal
Total
Page 49 of 78
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Balance – January 1, 2018
Balance – December 31, 2018
IMPROVEMENTS
Specify each authorization by purpose.
Do not merely designate by a code
number
Funded
Unfunded
2018
Authorizations
Refunds,
Transfers, &
Encumbrances
Expended
Authorizations
Canceled
Funded
Unfunded
Ord 18-12 Twin Lakes Blvd Drainage
4,250,000.00
2,120,475.70
1,929,853.30
199,671.00
Ord 18-08 Dredging Osborn Island
4,000,000.00
804,142.24
3,195,857.76
Ord 18-13 Various General
Improvements
2,077,000.00
394,816.81
1,682,183.19
Ord 18-14 Improvements Veterans Park
480,000.00
480,000.00
Ord 00-06 - Water Line Extension -
Atlantis
5,561.74
0.00
5,561.74
Ord 02-23 - Acquisition of Land -
Parker Run
0.00
18,566.64
18,566.64
Ord 02-41 - Construction of Municipal
Complex
4,593.86
0.00
4,593.86
Ord 03-06
16.06
0.00
16.06
Ord 04-04 - Acquisition of Trash Trucks
2,465.67
0.00
2,465.67
Ord 04-04 - Construction of North
Burgee Drive
0.00
32,446.08
32,446.08
Ord 04-15 - Acquisition of Fuel Depot
2,265.45
0.00
2,265.45
Ord 05-05 Bulkhead Construction at
Parkertown Dock
13,837.33
0.00
13,837.33
Ord 05-16 - Acquisition of a Tractor
924.60
0.00
924.60
Ord 05-22 - Construction of Recreation
Trail
1,221.48
0.00
1,221.48
Ord 06-07 - Various Road
Improvements
243,048.00
0.00
243,048.00
Ord 06-15 - Construction of Softball
Field & Tot Lot
131.10
0.00
131.10
Page 50 of 78
Ord 07-10 - Acquisition of Garbage
Truck
0.00
15,498.00
10,401.93
5,096.07
Ord 07-25 - Acquisition of Land
67,500.00
1,282,500.00
1,350,000.00
Ord 08-03 - Acquisition & Installation
of Automatic Doors
0.00
14,890.26
14,890.26
Ord 08-04 - Improvements to Lexington
Drive
0.00
161,439.07
161,439.07
Ord 09-05 - Improvements to Forest
Edge Drive
0.00
92,617.32
92,617.32
Ord 09-06 - Improvements for Frog
Pond Road
0.00
59,026.54
111,471.46
170,498.00
0.00
0.00
Ord 09-13 - Various Capital
Improvements
493,376.61
0.00
-111,471.46
381,905.15
0.00
0.00
Ord 11-15 - Various Capital
Improvements
0.00
168,363.93
168,363.93
Ord 12-12 Various Capital
Improvements
126,728.67
0.00
126,728.67
Ord 13-14 - Various Capital
Improvements
0.00
423,950.06
500.00
423,450.06
Ord 14-10 Various Capital
Improvements
0.00
1,202,198.34
168,311.44
1,033,886.90
Ord 16-05 - Various Capital
Improvements
0.00
2,487,872.20
1,761,088.80
726,783.40
Ord 17-08 Various Capital
Improvements
0.00
760,699.72
-314,388.20
663,211.96
411,875.96
Total
961,670.57
6,720,068.16
10,807,000.00
-314,388.20
5,925,414.55
2,794,150.81
2,409,853.30
7,673,708.27
Page 51 of 78
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Appropriated to Finance Improvement Authorizations (Debit)
103,850.00
Balance January 1, CY (Credit)
32,394.00
Improvement Authorizations Canceled (financed in whole by the
Capital Improvement Fund) (Credit)
67,500.00
Received from CY Budget Appropriation * (Credit)
100,000.00
Balance December 31, 2018
96,044.00
xxxxxxxxxx
199,894.00
199,894.00
* The full amount of the 2018 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Page 52 of 78
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
Appropriated to Finance Improvement Authorizations (Debit)
Balance January 1, CY (Credit)
0.00
Received from CY Budget Appropriation * (Credit)
Received from CY Emergency Appropriation * (Credit)
Balance December 31, 2018
xxxxxxxxxx
*The full amount of the 2018 appropriation should be transferred to this account unless the balance of the
appropriation is permitted to lapse.
CAPITAL IMPROVEMENTS AUTHORIZED IN 2018
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
GENERAL CAPITAL FUND ONLY
Purpose
Amount
Appropriated
Total Obligations
Authorized
Down Payment
Provided by
Ordinance
Amount of Down
Payment in
Budget of 2018 or
Prior Years
2018-08 Twin Lakes Blvd
Drainage
4,250,000.00
4,250,000.00
0.00
0.00
2018-12 Dredging Osborn
Island
4,000,000.00
4,000,000.00
0.00
0.00
2018-13 Various General
Improvements
2,077,000.00
1,973,150.00
103,850.00
103,850.00
2018-14 Improvements
Vetrans Park
480,000.00
0.00
480,000.00
0.00
Total
10,807,000.00
10,223,150.00
583,850.00
103,850.00
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount
in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
Page 53 of 78
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
YEAR – 2018
Debit
Credit
Appropriated to CY Budget Revenue (Debit)
Appropriated to Finance Improvement Authorizations (Debit)
Balance January 1, CY (Credit)
73,777.92
Funded Improvement Authorizations Canceled (Credit)
Miscellaneous - Premium on Sale of Serial Bonds (Credit)
Premium on Sale of Bonds (Credit)
Balance December 31, 2018
73,777.92
xxxxxxxxxx
73,777.92
73,777.92
BONDS ISSUED WITH A COVENANT OR COVENANTS
1.
Amount of Serial Bonds Issued Under Provisions of Chapter 233,
P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or Chapter
77, Article VI-A, P.L. 1945, with Covenant or Covenants;
Outstanding December 31, 2018
2.
Amount of Cash in Special Trust Fund as of December 31, 2018(Note
A)
3.
Amount of Bonds Issued Under Item 1
Maturing in 2019
4.
Amount of Interest on Bonds with a
Covenant - 2019 Requirement
5.
Total of 3 and 4 - Gross Appropriation
6.
Less Amount of Special Trust Fund to be Used
7.
Net Appropriation Required
NOTE A - This amount to be supported by confirmation from bank or banks
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants
is to be attached here to item 5 must be shown as an item of appropriation, short extended, with Item 6
shown directly following as a deduction and with the amount of Item 7 extended into the 2019
appropriation column.
Page 54 of 78
MUNICIPALITIES ONLY
IMPORTANT!
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete
(N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L 1981)
A.
1. Total Tax Levy for the Year 2018 was
56,311,740.99
2. Amount of Item 1 Collected in 2018 (*)
56,050,262.72
3. Seventy (70) percent of Item 1
39,418,218.69
(*) Including prepayments and overpayments applied.
B.
1. Did any maturities of bonded obligations or notes fall due during the year 2018?
Answer YES or NO:
Yes
2. Have payments been made for all bonded obligations or notes due on or before December 31, 2018?
Answer YES or NO:
Yes
If answer is “NO” give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the 2019 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total of appropriations for operating purposes in the
budget for the year just ended?
Answer YES or NO:
No
D.
1. Cash Deficit 2017
0.00
2a. 2017 Tax Levy
2b. 4% of 2017 Tax Levy for all purposes:
3. Cash Deficit 2018
4. 4% of 2018 Tax Levy for all purposes:
0.00
E.
Unpaid
2017
2018
Total
1. State Taxes
$0.00
$
$
2. County Taxes
$
$84,984.67
$84,984.67
3. Amounts due Special
Districts
$
$0.00
$0.00
4. Amounts due School
Districts for Local School Tax
$
$1,204,632.46
$1,204,632.46
Page 55 of 78
Page 56 of 78
UTILITIES ONLY
Note:
If no "utility fund" existed on the books of account and if no utility was owned and operated by the municipality during the year ,
please observe instructions of Sheet 2.
Page 57 of 78
Balance Sheet - Utility Operating Fund Assets
AS OF DECEMBER 31,
Cash:
Investments:
Accounts Receivable:
Interfunds Receivable:
Deferred Charges
Page 58 of 78
Balance Sheet - Utility Operating Fund Liabilities, Reserves & Fund Balance
AS OF DECEMBER 31,
Liabilities:
Fund Balance:
Page 59 of 78
Balance Sheet - Utility Capital Fund Assets
AS OF DECEMBER 31,
Cash:
Accounts Receivable:
Page 60 of 78
Balance Sheet - Utility Capital Fund Liabilities, Reserves & Fund Balance
AS OF DECEMBER 31,
Liabilities:
Fund Balance:
Page 61 of 78
Balance Sheet - Utility Assessment Fund
AS OF DECEMBER 31,
Assets:
Liabilities and Reserves:
Liabilities, Reserves, and Fund Balance:
Page 62 of 78
Analysis of Utility Assessment Trust Cash and Investments
Pledged to Liabilities and Surplus
Receipts
Title of Liability to which Cash and Investments are
Pledged
Audit Balance
Dec. 31,
Assessments and
Liens
Operating Budget
Other
Disbursements
Balance Dec. 31,
Assessment Serial Bond Issues:
Assessment Bond Anticipation Notes
Other Liabilities
Trust Surplus
Less Assets “Unfinanced”
Total
Page 63 of 78
Schedule of Utility Budget -
Budget Revenues
Source
Budget
Received in Cash
Excess or Deficit
Operating Surplus Anticipated
Operating Surplus Anticipated with Consent of Director of Local
Govt. Services
Rents
Miscellaneous Revenue Anticipated
Miscellaneous
Added by N.J.S.A. 40A:4-87: (List)
Subtotal Additional Miscellaneous Revenues
Subtotal
Deficit (General Budget)
Statement of Budget Appropriations
Appropriations
Total Appropriations
Add: Overexpenditures
Total Overexpenditures
Total Appropriations & Overexpenditures
Deduct Expenditures
Page 64 of 78
Surplus
Total Surplus
Total Expenditure & Surplus
Unexpended Balance Cancelled
Page 65 of 78
Statement of Operation
Utility
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the budget year Utility Budget contained either an item of revenue “Deficit (General Budget)” or an item of appropriation “Surplus (General
Budget)”
Section 2 should be filled out in every case.
Section 1:
Revenue Realized
Miscellaneous Revenue Not Anticipated
Appropriation Reserves Canceled
Total Revenue Realized
Expenditures
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Overexpenditure of Appropriation Reserves
Total Expenditures
Less: Deferred Charges Included in Above "Total Expenditures"
Total Expenditures - As Adjusted
Excess
Balance of "Results of 2017 Operation"
Remainder= ("Excess in Operations")
Deficit
Balance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance")
Section 2:
The following Item of Appropriation Reserves Canceled in Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the
General Budget of for an Anticipated Deficit in the Utility for:
Page 66 of 78
Appropriation Reserves Canceled in
Less: Anticipated Deficit in Budget - Amount Received and Due from Current Fund - If none,
check "None" ☐
*Excess (Revenue Realized)
Page 67 of 78
Results of Operations – Utility
Debit
Credit
Operating Excess
Operating Deficit
Total Results of Current Year Operations
Operating Surplus– Utility
Debit
Credit
Balance December 31,
Total Operating Surplus
Analysis of Balance December 31,
(From Utility – Trial Balance)
Cash
Investments
Interfund Accounts Receivable
Subtotal
Deduct Cash Liabilities Marked with "C" on Trial Balance
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
Other Assets Pledged to Operating Surplus*
Deferred Charges #
Operating Deficit #
Total Other Assets
Page 68 of 78
Schedule of Utility Accounts Receivable
Balance December 31,
Increased by:
Rents Levied
Decreased by:
Collections
Overpayments applied
Transfer to Utility Lien
Other
Balance December 31,
Schedule of Utility Liens
Balance December 31,
Increased by:
Transfers from Accounts Receivable
Penalties and Costs
Other
Decreased by:
Collections
Other
Balance December 31,
Page 69 of 78
Deferred Charges
- Mandatory Charges Only -
Utility Fund
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55)
Caused by
Amount Dec. 31, per Audit
Report
Amount in Budget
Amount Resulting from
Balance as at Dec. 31,
Total Operating
Total Capital
*Do not include items funded or refunded as listed below.
Emergency Authorizations Under N.J.S.A. 40A:4-47 Which Have Been
Funded or Refunded Under N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
Amount
Judgements Entered Against Municipality and Not Satisfied
In Favor Of
On Account Of
Date Entered
Amount
Appropriated for in Budget
of Year
Schedule of Bonds Issued and Outstanding
Page 70 of 78
and Debt Service for Bonds
UTILITY ASSESSMENT BONDS
Debit
Credit
Debt Service
Outstanding December 31,
Bond Maturities – Assessment Bonds
Interest on Bonds
Utility Capital Bonds
Debit
Credit
Debt Service
Outstanding December 31,
Bond Maturities – Assessment Bonds
Interest on Bonds
Interest on Bonds – Utility Budget
Interest on Bonds (*Items)
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Required Appropriation
List of Bonds Issued During
Purpose
Maturity
Amount Issued
Date of Issue
Interest Rate
Page 71 of 78
Schedule of Loans Issued and Outstanding
and Debt Service for Loans
UTILITY LOAN
Loan
Outstanding
January 1,
Issued
Paid
Other
Description
Other Debit
Other Credit
Outstanding
December 31,
Loan Maturities
Interest on Loans
Interest on Loans – Utility Budget
Interest on Loans (*Items)
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Required Appropriation
List of Loans Issued During
Purpose
Maturity
Amount Issued
Date of Issue
Interest Rate
Page 72 of 78
Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)
Budget Requirement
Title or Purpose of the Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding Dec.
31,
Date of
Maturity
Rate of
Interest
For Principal
For Interest
Date Interest
Computed to
INTERST ON NOTES – UTILITY BUDGET
Interest on Notes
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Important: If there is more than one utility in the municipality, identify each note.
All notes with an original date of issue of or prior require one legal payable installment to be
budgeted if it is contemplated that such notes will be renewed in or written intent of permanent
financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be
included in this column.
Required Appropriation -
Page 73 of 78
Debt Service Schedule for Utility Assessment Notes
Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding Dec.
31,
Date of
Maturity
Rate of
Interest
For Principal
For Interest
Interest Computed
to (Insert Date)
Important: If there is more than one utility in the municipality, identify each note.
Utility Assessment Notes with an original date of issue of December 31, or prior require one legally payable installment to be budgeted in the Dedicated Utility Assessment Budget if it is contemplated that such notes
will be renewed in or written intent of permanent financing submitted with statement.
** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".
Page 74 of 78
Schedule of Capital Lease Program Obligations
Budget Requirement
Purpose
Amount of Obligation
Outstanding Dec. 31,
For Principal
For Interest/Fees
Leases approved by LFB after July 1, 2007
Subtotal
Leases approved by LFB prior to July 1, 2007
Subtotal
Total
Page 75 of 78
Schedule of Improvement Authorizations (Utility Capital Fund)
Balance - January 1,
Balance December 31,
IMPROVEMENTS
Specify each authorization by
purpose. Do not merely designate
by a code number
Funded
Unfunded
Authorizations
Refunds, Transfers
and Encumbrances
Expended
Authorizations
Canceled
Funded
Unfunded
Total
Page 76 of 78
Utility Capital Fund
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Balance December 31,
Utility Capital Fund
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
Balance December 31,
*The full amount of the appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.
Page 77 of 78
Utility Fund
CAPITAL IMPROVEMENTS AUTHORIZED IN
AND
DOWN PAYMENTS (N.J.S. 40A:2-11)
UTILITIES ONLY
Purpose
Amount Appropriated
Total Obligations
Authorized
Down Payment
Provided by
Ordinance
Amount of Down
Payment in Budget of
or Prior Years
Utility Capital Fund
Statement of Capital Surplus
YEAR
Debit
Credit
Balance December 31,
Page 78 of 78
Protected Document Content
Start your free trial to view the raw municipal bid documents and web text.
Unlock Full AccessDetailed Risk Breakdown
local preference
No Flags Found
performance bond
No Flags Found
liquidated damages
No Flags Found
Quick Actions
Contacts
Explore More
Timeline
First Discovered
Apr 2, 2026
Last Info Update
Apr 2, 2026
Start your 7-day free trial
Get instant notifications and full bid analysis. Existing users will be logged in automatically.
Start Free Trial