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2021 Annual Financial Statement

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DUE: 2/10/2022

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Executive Summary

This document is the 2021 Annual Financial Statement for the Township of Little Egg Harbor, located in Ocean County, New Jersey. The statement includes financial data for various funds, including the Current Fund, Public Assistance Fund, Federal and State Grants Fund, Trust Funds, and General Capital Fund. The document covers the financial condition of the Local Unit as of December 31, 2021, and required certifications. It also includes a schedule of Federal and State Financial Assistance Expenditures of Awards for the year.

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Document Text

--- Document: 2021 Annual Financial Statement Document ---
POPULATION  LAST  CENSUS
NET VALUATION TAXABLE 2021
MUNICODE
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.
of
, County of
Date
1
2
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
Title
(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 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,
, am the Chief Financial
Officer, License #
, of the
of
,  County  of
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, 2021, 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, 2021.
Signature
Title
Address
Phone Number
Fax Number
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.
CMFO
665 Radio Road
Sheet  1
609-296-7241
609-294-3040
Rhaines@leht.com
Examined By:
Preliminary Check
LITTLE EGG HARBOR
OCEAN
TOWNSHIP
Examined
RODNEY R. HAINES
N-1714
DO  NOT  USE  THESE  SPACES
ANNUAL  FINANCIAL  STATEMENT  FOR  THE  YEAR  2021
(UNAUDITED)
FIVE  DOLLARS  PER  DAY  PENALTY  IF  NOT  FILED  BY:
COUNTIES - JANUARY  26, 2022
20,784
1516
2,334,764,899
                
MUNICIPALITIES - FEBRUARY 10, 2022
OCEAN
LITTLE EGG HARBOR
TOWNSHIP


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 
of
as of as of December 31, 2021 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) 
or
(no matters)
[eliminate one] came to my attention that caused me to believe that the Annual
Financial Statement for the year ended December 31, 2021 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 
, 2022
(Firm Name)
LITTLE EGG HARBOR
TOWNSHIP
NO ENTRY
(Registered Municipal Accountant)
Sheet  1a
(Address)
(Address)
(Phone Number)
(Fax Number)


One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
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" waiver.
10.
The municipality has not applied for Transitional Aid for 2022.
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 (l) 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:
Chief Financial Officer:
Signature:
Certificate #:
Date:
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:
Chief Financial Officer:
Signature:
Certificate #:
Date:
MUNICIPAL  BUDGET  LOCAL  EXAMINATION  QUALIFICATION  CERTIFICATION
BY
CHIEF  FINANCIAL  OFFICER
CERTIFICATION  OF  QUALIFYING  MUNICIPALITY
Rhaines@leht.com
5/12/2022
Sheet  1b
CERTIFICATION  OF  NON-QUALIFYING  MUNICIPALITY
TOWNSHIP OF LITTLE EGG HARBOR
Rodney R. Haines
N-1714
TOWNSHIP OF LITTLE EGG HARBOR


Fiscal Year Ending: 
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
35,000.00
            
$
$  
Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.
x
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 (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 government.
5/12/20222
Date
Report  of  Federal  and  State  Financial  Assistance
Expenditures  of  Awards
21-0732629
Fed I.D. #
TOWNSHIP OF LITTLE EGG HARBOR
Municipality
OCEAN
County
Sheet  1c
December 31, 2021
(2)
Programs
Expended
State
Rhaines@leht.com
Signature of Chief Financial Officer
TOTAL
959,432.39
              


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 
of
,
County of
during the year 2021 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.)
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2022 and filed with the County Board of Taxation on January 10, 2022 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
Sheet  2
MUNICIPALITY
OCEAN
TOWNSHIP OF LITTLE EGG HARBOR
COUNTY
IMPORTANT !
READ  INSTRUCTIONS
MUNICIPAL  CERTIFICATION  OF  TAXABLE  PROPERTY  AS  OF  OCTOBER  1,  2021
LITTLE EGG HARBOR
SIGNATURE OF TAX ASSESSOR
OCEAN
2,348,313,428.00
                              
TOWNSHIP
Rhaines@leht.com
CMFO
Mjohnson@leht.com


Debit
Credit
CASH
10,040,078.48
            
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
223,077.44
                 
-
                              
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
39,594.49
         
CURRENT
16,254.12
         
SUBTOTAL
55,848.61
                   
TAX TITLE LIENS RECEIVABLE
766,776.72
                 
PROPERTY ACQUIRED FOR TAXES
5,757,700.00
              
CONTRACT SALES RECEIVABLE
-
                              
MORTGAGE SALES RECEIVABLE
-
                              
RESERVE FOR RECEIVABLES
6,931.56
                     
DUE FROM TRUST
10,321.37
                   
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
                              
DEFICIT
-
                              
Page Totals:
16,860,734.18
            
-
                              
(Do not crowd - add additional sheets)
Sheet  3
Title of Account
NOTE  THAT  A  TRIAL  BALANCE  IS  REQUIRED  AND  NOT  A  BALANCE  SHEET
POST  CLOSING
TRIAL  BALANCE - CURRENT  FUND
AS  AT  DECEMBER  31, 2021
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled


Debit
Credit
TOTALS FROM PAGE 3
16,860,734.18
            
-
                              
APPROPRIATION RESERVES
1,032,977.42
              
ENCUMBRANCES PAYABLE
247,068.04
                 
CONTRACTS PAYABLE
5,107.82
                     
TAX OVERPAYMENTS
228,404.92
                 
PREPAID TAXES
913,005.95
                 
DUE TO STATE:
MARRIAGE LICENCE
-
                              
DCA TRAINING FEES
21,774.30
                   
LOCAL SCHOOL TAX PAYABLE
2,123,396.98
              
REGIONAL SCHOOL TAX PAYABLE
-
                              
REGIONAL H.S.TAX PAYABLE
-
                              
COUNTY TAX PAYABLE
-
                              
DUE COUNTY - ADDED & OMMITTED
50,712.17
                   
SPECIAL DISTRICT TAX PAYABLE
-
                              
RESERVE FOR TAX APPEAL
-
                              
1,224,146.97
              
3,484.34
                     
995,842.06
                 
1,202.70
                     
RESERVE INSURANCE PROCEEDS
2,419.00
                     
RESERVE FOR REASSESSMENT
100,047.00
                 
RESERVE FOR CLOSED ESCROW ACCOUNTS
54,052.92
                   
RESERVE FOR RETAIL MERCANTILE LICENSE
350.00
                        
RESERVE FOR FEMA PROCEEDS
3,722.78
                     
PAGE TOTAL
16,860,734.18
            
7,007,715.37
              
(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, 2021
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
DUE TO GRANT FUND
DUE TO PAYROLL
DUE TO TRUST ASSESSMENT
DUE TO OPEN SPACE TRUST


Debit
Credit
TOTALS FROM PAGE 3a
16,860,734.18
            
7,007,715.37
            
SUBTOTAL
16,860,734.18
            
7,007,715.37
            
"C"
RESERVE FOR RECEIVABLES
6,597,578.26
            
DEFERRED SCHOOL TAX
5,236,297.00
              
DEFERRED SCHOOL TAX PAYABLE
5,236,297.00
            
FUND BALANCE
3,255,440.55
            
TOTALS
22,097,031.18
            
22,097,031.18
          
Title of Account
NOTE  THAT  A  TRIAL  BALANCE  IS  REQUIRED  AND  NOT  A  BALANCE  SHEET
POST  CLOSING
TRIAL  BALANCE - CURRENT  FUND (CONT'D)
AS  AT  DECEMBER  31, 2021
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
(Do not crowd - add additional sheets)
Sheet  3a.1


Debit
Credit
TOTALS
-
                             
-
                             
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet  4
POST  CLOSING
TRIAL  BALANCE - PUBLIC  ASSISTANCE  FUND  
ACCOUNTS  #1 AND #2 *
AS  AT  DECEMBER  31, 2021


Debit
Credit
CASH
129,340.63
                
GRANTS RECEIVABLE
1,036,041.55
             
DUE FROM/TO CURRENT FUND
1,224,146.97
             
ENCUMBRANCES PAYABLE
126,102.95
                
APPROPRIATED RESERVES
2,166,094.88
             
UNAPPROPRIATED RESERVES
97,331.32
                  
TOTALS
2,389,529.15
             
2,389,529.15
             
Title of Account
(Do not crowd - add additional sheets)
Sheet  5
POST  CLOSING  TRIAL  BALANCE
FEDERAL  AND  STATE  GRANTS
AS  AT  DECEMBER  31, 2021


Debit
Credit
ANIMAL CONTROL TRUST FUND
CASH
36.00
                         
DUE TO -
DUE TO STATE OF NJ
RESERVE FOR ANIMAL CONTROL TRUST FUND
36.00
                         
FUND TOTALS
36.00
                         
36.00
                         
ASSESSMENT TRUST FUND
CASH
54,096.41
                  
DUE TO -
DUE FROM CURRENT
995,842.06
                
ASSESSMENTS RECEIVABLE
2,747,135.12
             
RESERVE FOR:
ASSESSMENTS
380,122.02
                
BONDS PAYABLE
3,375,000.00
             
ASSESSMENT SURPLUS
41,951.57
                  
FUND TOTALS
3,797,073.59
             
3,797,073.59
             
MUNICIPAL OPEN SPACE TRUST FUND
CASH
1,347,340.06
             
DUE FROM CURRENT
1,202.70
                    
RESERVE FOR OPEN SPACE
1,348,542.76
             
FUND TOTALS
1,348,542.76
             
1,348,542.76
             
LOSAP TRUST FUND
CASH
-
                             
FUND TOTALS
-
                             
-
                             
Title of Account
Sheet  6
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS
AS  AT  DECEMBER  31, 2021
(Assessment  Section  Must  Be  Separately  Stated)
(Do not crowd - add additional sheets)


Debit
Credit
CDBG TRUST FUND
CASH
-
                             
DUE TO -
FUND TOTALS
-
                             
-
                             
ARTS AND CULTURAL TRUST FUND
CASH
-
                             
FUND TOTALS
-
                             
-
                             
OTHER TRUST FUNDS
CASH
3,792,117.89
             
OTHER TRUST FUNDS PAGE TOTAL
3,792,117.89
             
-
                             
Title of Account
(Do not crowd - add additional sheets)
Sheet  6.1
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
AS  AT  DECEMBER  31, 2021
(Assessment  Section  Must  Be  Separately  Stated)


Debit
Credit
Previous Totals
3,792,117.89
             
-
                             
OTHER TRUST FUNDS (continued)
RESERVE FOR TAX SALE CERTIFICATES
1,814,449.95
             
RESERVE FOR ESCROW DEPOSITS
1,797,101.61
             
RESERVE FOR FORFEITED PROPERTY
58,741.85
                  
RESERVE FOR RECREATION
2,057.05
                    
RESERVE FOR COMMUNITY CENTER
3,582.88
                    
RESERVE FOR FEDERAL FORFEITURE FUNDS
4,745.94
                    
RESERVE FOR SICK AND VACATION TRUST
12,918.95
                  
RESERVE FOR COAH FUNDS
62,802.49
                  
RESERVE FOR DIV OF FIRE SAFETY - DEDICATED PENALTY
9,500.00
                    
RESERVEFOR POLICE EVIDENCE DEPOSITS
3,352.80
                    
RESERVE FOR VETERANS PARK
11,895.00
                  
RESERVE FOR POAA FUNDS
648.00
                       
DUE TO CURRENT - TRUST
5,974.64
                    
DUE TO CURRENT ESCROW
4,346.73
                    
TOTALS
3,792,117.89
             
3,792,117.89
             
Sheet  6.2
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
(Assessment  Section  Must  Be  Separately  Stated)
AS  AT  DECEMBER  31, 2021
Title of Account
(Do not crowd - add additional sheets)


Debit
Credit
Previous Totals
3,792,117.89
             
3,792,117.89
             
OTHER TRUST FUNDS (continued)
TOTALS
3,792,117.89
             
3,792,117.89
             
Sheet  6. TOTALS
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
(Assessment  Section  Must  Be  Separately  Stated)
AS  AT  DECEMBER  31, 2021
Title of Account
(Do not crowd - add additional sheets)


Amount
Dec. 31, 2020
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2021
-
                     
RESERVE FOR TAX SALE CERTIFICA
1,757,357.35
     
3,228,779.59
     
3,171,686.99
     
1,814,449.95
     
RESERVE FOR ESCROW DEPOSITS
1,563,002.81
     
974,990.86
        
740,892.06
        
1,797,101.61
     
RESERVE FOR FORFEITED PROPER
61,441.17
          
91.03
                 
2,790.35
            
58,741.85
          
-
                     
RESERVE FOR RECREATION
2,057.05
            
2,057.05
            
RESERVE FOR COMMUNITY CENTER
3,582.88
            
3,582.88
            
RESERVE FOR FEDERAL FORFEITU
4,740.48
            
5.46
                   
4,745.94
            
RESERVE FOR SICK AND VACATION
95,445.62
          
150,000.00
        
232,526.67
        
12,918.95
          
RESERVE FOR COAH FUNDS
40,824.27
          
40,824.27
          
-
                     
-
                     
RESERVEFOR POLICE EVIDENCE DE
3,352.80
            
3,352.80
            
RESERVE FOR VETERANS PARK
11,895.00
          
11,895.00
          
RESERVE FOR POAA FUNDS
648.00
               
648.00
               
RESERVE FOR FIRE SAFETY - DEDIC
9,500.00
            
9,500.00
            
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
PAGE TOTAL
$
3,553,847.43
     
$
4,353,866.94
     
$
4,147,896.07
     
$
3,759,818.30
     
Sheet  6b
Purpose
SCHEDULE OF TRUST FUND RESERVES


Amount
Dec. 31, 2020
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2021
PREVIOUS PAGE TOTAL
3,553,847.43
     
4,353,866.94
     
4,147,896.07
     
3,759,818.30
     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
PAGE TOTAL
$
3,553,847.43
     
$
4,353,866.94
     
$
4,147,896.07
     
$
3,759,818.30
     
Sheet 6b TOTAL
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose


Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2020
Assessments
Current
Disbursements
Dec. 31, 2021
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
2020 Assessment Bonds
3,750,000.00
       
375,000.00
          
3,375,000.00
       
-
                       
-
                       
-
                       
-
                       
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
                       
-
                       
-
                       
DUE TO/FROM CURRENT FUND
-
                       
Other Liabilities
-
                       
Trust Surplus
41,951.57
            
41,951.57
            
*Less Assets "Unfinanced"
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
                       
-
                       
-
                       
-
                       
-
                       
41,951.57
            
-
                       
3,750,000.00
       
-
                       
-
                       
375,000.00
          
3,416,951.57
       
*Show as red figure
ANALYSIS  OF  TRUST  ASSESSMENT  CASH  AND  INVESTMENTS  PLEDGED  TO
LIABILITIES  AND  SURPLUS
RECEIPTS
Sheet  7


Debit
Credit
Estimated Proceeds Bonds and Notes Authorized
12,489,615.05
               
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
12,489,615.05
               
CASH
5,798,583.31
                 
DUE FROM -
DUE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
15,003,747.61
               
UNFUNDED
22,258,374.33
               
DUE TO -
Prospective Assessment to be Raised by Taxation
10,075,000.00
               
PAGE TOTALS
65,625,320.30
               
12,489,615.05
               
Title of Account
(Do not crowd - add additional sheets)
Sheet  8
POST  CLOSING
TRIAL  BALANCE  --  GENERAL  CAPITAL  FUND
AS  AT  DECEMBER  31, 2021


Debit
Credit
PREVIOUS PAGE TOTALS
65,625,320.30
                   
12,489,615.05
                   
3,722.00
                        
BOND ANTICIPATION NOTES PAYABLE
9,631,250.00
                 
GENERAL SERIAL BONDS
9,670,000.00
                 
TYPE 1 SCHOOL BONDS
-
                                 
LOANS PAYABLE
1,958,747.61
                 
CAPITAL LEASES PAYABLE
-
                                 
3,375,000.00
                 
RESERVE FOR CAPITAL PROJECTS
55,050.69
                      
IMPROVEMENT AUTHORIZATIONS:
FUNDED
796,003.51
                    
UNFUNDED
17,262,786.91
               
ENCUMBRANCES PAYABLE
42,414.00
                      
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
182,544.00
                    
DOWN PAYMENTS ON IMPROVEMENTS
-
                                 
10,075,000.00
                   
CAPITAL FUND BALANCE
83,186.53
                      
65,625,320.30
               
65,625,320.30
               
Reserve for Prospective Assessment to be raised by Taxation
ASSESSMENT BONDS PAYABLE
RESERVE FOR DEBT SERVICE - PREMIUMS
Sheet  8.1
POST  CLOSING
TRIAL  BALANCE  --  GENERAL  CAPITAL  FUND
AS  AT  DECEMBER  31, 2021
Title of Account
(Do not crowd - add additional sheets)
DUE TO OCEAN COUNTY - CDBG


Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
273,461.19
             
9,940,538.86
          
173,921.57
             
10,040,078.48
        
129,380.53
             
39.90
                      
129,340.63
             
36.00
                      
36.00
                      
54,096.41
               
54,096.41
               
1,347,340.06
          
1,347,340.06
          
-
                         
-
                         
11,839.42
               
3,973,711.52
          
193,433.05
             
3,792,117.89
          
-
                         
5,798,583.31
          
5,798,583.31
          
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
Total
285,300.61
             
21,243,686.69
        
367,394.52
             
21,161,592.78
        
* Include Deposits In Transit
** Be sure to include a Public Assistance Account 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, 2021.
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 passbook at December 31, 2021.
All "Certificates of Deposits", 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:
Title:
Grant Fund
Rhaines@leht.com
CMFO
CASH RECONCILIATION  DECEMBER  31, 2021
Cash
Sheet  9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Culture
General Capital
UTILITIES:


OceanFirst Bank
xxx2678
Capital
5,798,583.31
      
XXX2785
Trust Assessment
54,096.41
          
XXX2801
Open Space Trust
1,347,340.06
      
XXX2694
COMMUNITY CENTER TRUST
3,582.88
            
XXX2702
ESCROW
23,266.41
          
XXX2736
RECREATION TRUST
2,057.05
            
XXX2777
TRUST FUND
514,795.47
         
XXX2835
FEDERAL FORFEITURE
4,745.94
            
XXX2943
LAW ENFORCEMENT TRUST
58,741.85
          
XXX3015
CELL TOWER TRUST
205,620.76
         
XXX3106
PLANNING BOARD ESCROW
1,089,914.32
      
XXX2686
COAH
62,802.49
          
XXX2744
SICK AND VACATION TRUST
12,918.95
          
xxx2793
TTL Redemption
1,995,265.40
      
XXX2728
GRANT ACCT
129,380.53
         
XXX2769
TREASURER
1,437,742.60
      
XXX2791
TAX ACCUNT
8,502,796.26
      
XXX2876
DOG ACCOUNT
36.00
                 
PAGE TOTAL
21,243,686.69
    
Sheet  9a
LIST  BANKS  AND  AMOUNTS  SUPPORTING  "CASH  ON  DEPOSIT"
CASH  RECONCILIATION  DECEMBER 31, 2021 (cont'd)  
Note: Sections N.J.S.  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.


PREVIOUS PAGE TOTAL
21,243,686.69
    
TOTAL PAGE
21,243,686.69
    
CASH  RECONCILIATION  DECEMBER 31, 2021 (cont'd)  
LIST  BANKS  AND  AMOUNTS  SUPPORTING  "CASH  ON  DEPOSIT"
Note: Sections N.J.S.  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.
Sheet  9a TOTAL


2021
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2021
Revenue
Dec. 31, 2021
Realized
NJOEM Grant
6,203.35
              
6,203.35
              
CDBG - 2015
19,226.71
            
19,226.71
            
966 REIMBURSEMENT
9,376.42
              
9,376.42
              
Neighborhood Community Revitalization Grant
2,464.22
              
2,464.22
              
Child Restraint Grant
2,500.00
              
2,500.00
              
Bulletproof Vest Partnership Grant
6,207.81
              
6,207.81
              
NJDEP Living Shore Grant
172,049.12
          
18,838.75
            
153,210.37
          
NJDOT - Iowa Court
111,606.00
          
111,606.00
          
-
                       
NJDOT - Great Bay Boulevard
110,000.00
          
110,000.00
          
-
                       
NJOEM Grant
638.49
                 
638.49
                 
SAFE and SECURE COMMUNITIES
60,000.00
            
60,000.00
            
-
                       
Post Sandy Planning Assistance Grant
93,854.18
            
93,854.18
            
CDBG 2019
35,000.00
            
35,000.00
            
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
629,126.30
          
-
                       
335,444.75
          
-
                       
-
                       
293,681.55
          
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE
Sheet  10
Grant


2021
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2021
Revenue
Dec. 31, 2021
Realized
PREVIOUS PAGE TOTALS
629,126.30
          
-
                       
335,444.75
          
-
                       
-
                       
293,681.55
          
-
                       
Safe and Secure Communities 2021
32,400.00
            
32,400.00
            
NJDOT - Sea Breeze
347,900.00
          
347,900.00
          
Recycling Tonnage
33,491.41
            
33,491.41
            
-
                       
NJ Clean Smart Start Program \
283,800.00
          
283,800.00
          
Sustainable Jersey Small Grant 
5,000.00
              
2,500.00
              
2,500.00
              
Body Worn Camera Grant
101,900.00
          
61,140.00
            
40,760.00
            
American Rescue Plan
1,136,281.83
       
1,136,281.83
       
-
                       
CDBG 2020
35,000.00
            
35,000.00
            
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
629,126.30
          
1,975,773.24
       
1,568,857.99
       
-
                       
-
                       
1,036,041.55
       
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE (cont'd)
Sheet  
10.1
Grant


2021
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2021
Revenue
Dec. 31, 2021
Realized
PREVIOUS PAGE TOTALS
629,126.30
          
1,975,773.24
       
1,568,857.99
       
-
                       
-
                       
1,036,041.55
       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
629,126.30
          
1,975,773.24
       
1,568,857.99
       
-
                       
-
                       
1,036,041.55
       
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE (cont'd)
Grant
Sheet  10 
Totals


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2021
Budget
Appropriation
Dec. 31, 2021
By 40A:4-87
Alcohol Education & Rehabilitation
1,631.95
              
1,631.95
              
NJOEM
20.95
                   
20.95
                   
DDEF
497.95
                 
497.95
                 
Clean Communities -2018
36,711.42
            
28,147.83
            
8,563.59
              
NJ Municipal Aid - 2014
188,119.25
          
188,119.25
          
Recycling Tonnage 2017
13,854.95
            
13,854.95
            
-
                       
Recycling Tonnage 2018
30,928.59
            
30,928.59
            
-
                       
Child Restraint Grant
2,500.00
              
2,500.00
              
Safe and Secure Communities
12,540.00
            
12,540.00
            
966 Reimbursement
15,582.77
            
15,582.77
            
Coastal Zone Management
2,597.75
              
2,597.75
              
Municipal Access Plan
15,000.00
            
15,000.00
            
Post Sandy Planning Assistance
48,073.26
            
48,073.26
            
NJDEP Living Shoreline
59,044.12
            
8,993.10
              
50,051.02
            
Department of Justice Grant
625.25
                 
625.25
                 
NJDOT Iowa Court
12,048.32
            
12,048.32
            
Recycling Tonnage 2019
31,839.12
            
22,785.60
            
9,053.52
              
Clean Communities 2019
58,471.27
            
58,471.27
            
-
                       
PAGE TOTALS
530,086.92
          
-
                       
-
                       
104,710.07
          
-
                       
-
                      
425,376.85
          
Sheet  
11
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Grant
Transferred from 2021
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2021
Budget
Appropriation
Dec. 31, 2021
By 40A:4-87
PREVIOUS PAGE TOTALS
530,086.92
          
-
                       
-
                       
104,710.07
          
-
                       
-
                      
425,376.85
          
NJOEM Grant
638.49
              
638.49
                 
Body Armor Grant 2020
1,880.32
           
1,880.32
              
Safe and Secure Comm
10,000.00
         
10,000.00
         
-
                       
Clean Communities - 2020
52,720.73
         
52,720.73
            
Safe and Secure Communities 2021
32,400.00
         
27,000.00
         
5,400.00
              
NJDOT - Sea Breeze
347,900.00
       
283,543.32
       
64,356.68
            
Recycling Tonnage
33,491.41
         
33,491.41
            
NJ Clean Smart Start Program \
283,800.00
       
283,800.00
          
Sustainable Jersey Small Grant 
5,000.00
           
5,000.00
              
Body Worn Camera Grant
101,900.00
       
48,179.00
         
53,721.00
            
-
                       
American Rescue Plan
1,136,281.83
    
1,136,281.83
       
National Wildlife Refuge
4,670.00
           
4,670.00
              
CDBG 2014
31,062.15
         
31,062.15
            
CDBG 2019
35,000.00
         
35,000.00
         
-
                       
CDBG 2015
30,493.42
         
30,493.42
            
CDBG 2020
35,000.00
         
35,000.00
            
-
                       
PAGE TOTALS
696,552.03
          
380,300.00
          
1,595,473.24
       
508,432.39
          
-
                       
-
                      
2,163,892.88
       
Sheet  
11.1
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2021
Grant
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2021
Budget
Appropriation
Dec. 31, 2021
By 40A:4-87
PREVIOUS PAGE TOTALS
696,552.03
          
380,300.00
          
1,595,473.24
       
508,432.39
          
-
                       
-
                      
2,163,892.88
       
Refuge Revenue Sharing Act
2,202.00
              
2,202.00
              
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
698,754.03
          
380,300.00
          
1,595,473.24
       
508,432.39
          
-
                       
-
                      
2,166,094.88
       
Sheet  
11.2
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2021
Grant
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2021
Budget
Appropriation
Dec. 31, 2021
By 40A:4-87
PREVIOUS PAGE TOTALS
698,754.03
          
380,300.00
          
1,595,473.24
       
508,432.39
          
-
                       
-
                      
2,166,094.88
       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
698,754.03
          
380,300.00
          
1,595,473.24
       
508,432.39
          
-
                       
-
                      
2,166,094.88
       
Sheet  11 
Totals
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2021
Grant
Budget Appropriations


Balance
Received
Other
Balance
Jan. 1, 2021
Budget
Appropriation
Dec. 31, 2021
By 40A:4-87
PREVIOUS PAGE TOTALS
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
Department of Justince Grant
3,245.00
              
3,245.00
              
Recycling Tonnage Grant
31,839.12
            
31,839.12
            
AERF
250.06
                 
250.06
                 
State of NJ Body Armor
3,200.84
              
3,200.84
              
-
                       
Clean Communities
56,108.30
            
56,108.30
            
Body Armor
2,688.00
              
2,688.00
              
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
35,334.18
            
-
                       
-
                       
61,997.14
            
-
                       
97,331.32
            
Sheet  12 
Totals
SCHEDULE  OF  UNAPPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2021
Grant
Budget Appropriations


Debit
Credit
Balance - January 1, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
1,981,853.50
         
School Tax Deferred
(Not in excess of  50% of Levy - 2020 - 2021)
xxxxxxxxxxx
5,236,297.00
         
Levy School Year July 1, 2021 - June 30, 2022
xxxxxxxxxxx
14,347,145.00
       
Levy Calendar Year 2021
xxxxxxxxxxx
Paid
14,205,601.52
       
xxxxxxxxxx
Balance - December 31, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
2,123,396.98
         
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2021 - 2022)
5,236,297.00
         
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
21,565,295.50
       
21,565,295.50
       
Board of Education for use of local schools.
# Must include unpaid requisitions.
Sheet  13
*LOCAL  DISTRICT  SCHOOL  TAX


Debit
Credit
Balance - January 1, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
763,734.04
            
School Tax Deferred
(Not in excess of  50% of Levy - 2020 - 2021)
xxxxxxxxxxx
Levy School Year July 1, 2021 - June 30, 2022
xxxxxxxxxxx
Levy Calendar Year 2021
xxxxxxxxxxx
17,358,754.00
       
Paid
18,122,488.04
       
xxxxxxxxxx
Balance - December 31, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
                         
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2021 - 2022)
xxxxxxxxxx
# Must include unpaid requisitions.
18,122,488.04
       
18,122,488.04
       
Debit
Credit
Balance - January 1, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of  50% of Levy - 2020 - 2021)
xxxxxxxxxxx
Levy School Year July 1, 2021 - June 30, 2022
xxxxxxxxxxx
Levy Calendar Year 2021
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2021
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
                         
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2021 - 2022)
xxxxxxxxxx
# Must include unpaid requisitions.
-
                         
-
                         
Sheet  14
REGIONAL  SCHOOL  TAX
REGIONAL  HIGH  SCHOOL  TAX
(Provide a separate statement for each Regional District involved)


Debit
Credit
Balance - January 1, 2021
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
53,568.17
              
2021 Levy:
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
8,216,891.97
         
County Library
xxxxxxxxxxx
896,449.12
            
County Health
xxxxxxxxxxx
419,438.13
            
County Open Space Preservation
xxxxxxxxxxx
297,013.55
            
Due County for Added and Omitted Taxes
xxxxxxxxxxx
50,712.17
              
Paid
9,883,360.94
         
xxxxxxxxxx
Balance - December 31, 2021
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
50,712.17
              
xxxxxxxxxx
9,934,073.11
         
9,934,073.11
         
Debit
Credit
Balance - January 1, 2021
xxxxxxxxxxx
2021 Levy: (List Each Type of District Tax Separately - See Footnote)
xxxxxxxxxxx
xxxxxxxxxx
Fire -
1,756,957.00
       
xxxxxxxxxxx
xxxxxxxxxx
Sewer -
xxxxxxxxxxx
xxxxxxxxxx
Water -
xxxxxxxxxxx
xxxxxxxxxx
Garbage -
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
Total 2021 Levy
xxxxxxxxxxx
1,756,957.00
         
Paid
1,756,957.00
         
xxxxxxxxxx
Balance - December 31, 2021
-
                         
xxxxxxxxxx
1,756,957.00
         
1,756,957.00
         
Footnote: Please state the number of districts in each instance.
Sheet  15
COUNTY  TAXES  PAYABLE
SPECIAL  DISTRICT  TAXES


Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
1,300,000.00
      
1,300,000.00
      
-
                     
Surplus Anticipated with Prior Written Consent of
Director of Local Government Services
-
                     
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
3,748,111.94
      
4,375,231.32
      
627,119.38
         
Added by N.J.S.A. 40A:4-87 (List on 17a)
1,595,473.24
      
1,595,473.24
      
-
                     
-
                     
-
                     
Total Miscellaneous Revenue Anticipated
5,343,585.18
      
5,970,704.56
      
627,119.38
         
Receipts from Delinquent Taxes
25,000.00
           
346,984.06
         
321,984.06
         
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a)  Local Tax for Municipal Purposes
19,378,350.09
    
xxxxxxxxx
xxxxxxxxx
(b)  Addition to Local District School Tax
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
19,378,350.09
    
19,875,877.32
    
497,527.23
         
26,046,935.27
    
27,493,565.94
    
1,446,630.67
      
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
xxxxxxxxx
63,010,251.31
    
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
14,347,145.00
    
xxxxxxxxx
Regional School Tax
17,358,754.00
    
xxxxxxxxx
Regional High School Tax
-
                     
xxxxxxxxx
County Taxes
9,829,792.77
      
xxxxxxxxx
Due County for Added and Omitted Taxes
50,712.17
           
xxxxxxxxx
Special District Taxes
1,756,957.00
      
xxxxxxxxx
Municipal Open Space Tax
234,679.19
         
xxxxxxxxx
Municipal Arts and Culture Tax
xxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxx
443,666.14
         
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxx
-
                     
Balance for Support of Municipal Budget (or)
19,875,877.32
    
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxx
63,453,917.45
    
63,453,917.45
    
Source
STATEMENT OF GENERAL BUDGET REVENUES 2021
ALLOCATION  OF  CURRENT  TAX  COLLECTIONS
Sheet  17
*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.


Budget
Realized
Excess or Deficit
Recycling Tonnage
33,491.41
           
33,491.41
           
-
                           
NJ Clean Energy Smart Start Program
283,800.00
         
283,800.00
         
-
                           
Sustainable Jersey Small Grants
5,000.00
             
5,000.00
             
-
                           
American Rescue Plan Act
1,136,281.83
      
1,136,281.83
      
-
                           
Community Development Block Grant
35,000.00
           
35,000.00
           
-
                           
Body Worn Camera Grant
101,900.00
         
101,900.00
         
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
PAGE TOTALS
1,595,473.24
      
1,595,473.24
      
-
                           
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:  
Sheet  17a
STATEMENT OF GENERAL BUDGET REVENUES 2021
(Continued)
Miscellaneous  Revenues  Anticipated: Added By N.J.S.A. 40A:4-87
Source


Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
1,595,473.24
         
1,595,473.24
         
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 TOTALS
1,595,473.24
      
1,595,473.24
      
-
                           
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:  
Sheet  17a Totals
STATEMENT OF GENERAL BUDGET REVENUES 2021
(Continued)
Miscellaneous  Revenues  Anticipated: Added By N.J.S.A. 40A:4-87
Source


2021 Budget As Adopted
24,451,462.03
    
2021 Budget - Added by N.J.S.A. 40A:4-87
1,595,473.24
      
Appropriated for 2021 (Budget Statement Item 9)
26,046,935.27
    
Appropriated for 2021 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
26,046,935.27
    
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
26,046,935.27
    
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
24,565,279.48
    
Paid or Charged - Reserve for Uncollected Taxes
443,666.14
         
Reserved
1,032,977.42
      
Total Expenditures
26,041,923.04
    
Unexpended Balances Canceled (see footnote)
5,012.23
             
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".
2021 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
-
                         
Sheet  18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2021
SCHEDULE  OF  EMERGENCY  APPROPRIATIONS  FOR  LOCAL
DISTRICT  SCHOOL  PURPOSES
(EXCEPT  FOR  TYPE I SCHOOL DEBT SERVICE)


Debit
Credit
Excess of Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues anticipated
xxxxxxxxx
627,119.38
         
Delinquent Tax Collections
xxxxxxxxx
321,984.06
         
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
497,527.23
         
Unexpended Balances of 2021 Budget Appropriations
xxxxxxxxx
5,012.23
             
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
379,370.37
         
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
Payments in Lieu of Taxes on Real Property
xxxxxxxxx
Sale of Municipal Assets
xxxxxxxxx
Unexpended Balances of 2020 Appropriation Reserves
xxxxxxxxx
943,584.79
         
Prior Years Interfunds Returned in 2021
xxxxxxxxx
46,116.10
           
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2021
5,236,297.00
      
xxxxxxxxx
Balance - December 31, 2021
xxxxxxxxx
5,236,297.00
      
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
-
                     
xxxxxxxxx
Delinquent Tax Collections
-
                     
xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes
-
                     
xxxxxxxxx
Interfund Advances Originating in 2021
xxxxxxxxx
Delinquent Tax realized Prior Year
14,720.95
           
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
-
                     
Surplus Balance - To Surplus (Sheet 21)
2,805,993.21
      
xxxxxxxxx
8,057,011.16
      
8,057,011.16
      
Sheet  19
 RESULTS OF 2021 OPERATIONS
CURRENT  FUND
-
                     
xxxxxxxxx


Amount Realized
PREVIOUS PAGE TOTALS
-
                     
Interest on Investments and Deposits
17,432.38
           
Trash Cans
22,639.08
           
Insurance Reimbursements
106,406.38
         
Sale of Property
25,052.00
           
JIF Dividend
18,588.00
           
Verizon Refund
3,667.68
             
Recycling receipts
23,538.35
           
Atlantic City Electric Rent
10,500.00
           
Miscellaneous
11,357.18
           
Labor and Equipment Charges
14,333.25
           
Miscellaneous Tax Collector
123,926.07
         
Federal Revenue Sharing
1,930.00
             
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
379,370.37
         
SCHEDULE  OF  MISCELLANEOUS  REVENUES
NOT  ANTICIPATED
Source
Sheet  20 Totals


Debit
Credit
1.
Balance - January 1, 2021
xxxxxxxxx
1,749,447.34
      
2.
xxxxxxxxx
3.
Excess Resulting from 2021 Operations
xxxxxxxxx
2,805,993.21
      
4.
Amount Appropriated in the 2021 Budget - Cash
1,300,000.00
      
xxxxxxxxx
5.
Amount Appropriated in 2021 Budget - with Prior
Written Consent of Director of Local Government Services
-
                   
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2021
3,255,440.55
      
xxxxxxxxx
4,555,440.55
      
4,555,440.55
      
Cash
10,040,078.48
    
Investments
Sub Total
10,040,078.48
    
Deduct Cash Liabilities Marked with "C" on Trial Balance
7,007,715.37
      
Cash Surplus
3,032,363.11
      
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
223,077.44
         
Deferred Charges #
Cash Deficit #
Total Other Assets
223,077.44
         
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
3,255,440.55
      
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2022 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under  N.J.S.A. 40A:4-55 (Tax Map, etc.), N.J.S.A. 40A:4-55 (Flood Damage, etc.), N.J.
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S.A. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
(1) Due from State of N.J. Senior                   
Citizens and Veterans Deduction
Sheet  21
SURPLUS  -  CURRENT  FUND
YEAR 2021
ANALYSIS OF BALANCE AS  AT  DECEMBER  31, 2021
(FROM  CURRENT  FUND  -  TRIAL  BALANCE)


1.
Amount of Levy as per Duplicate (Analysis) #
$
61,172,871.17
       
or
(Abstract of Ratables)
$
2.
Amount of Levy - Special District Taxes
$
1,756,957.00
         
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
$
63,162.94
              
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
252,136.76
            
5a. Subtotal 2021 Levy
$
63,245,127.87
       
5b. Reductions Due to Tax Appeals**
$
5c. Total 2021 Tax Levy
$
63,245,127.87
     
6.
Transferred to Tax Title Liens
$
111,649.19
            
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
106,973.25
            
9.
Discount Allowed
$
10. Collected in Cash:  In 2020
$
844,352.01
            
In 2021*
$
61,024,647.26
       
Homestead Benefit Credit
$
850,823.27
            
State's Share of 2021 Senior Citizens
and Veterans Deductions Allowed
$
290,428.77
            
Total To Line 14
$
63,010,251.31
     
11. Total Credits
$
63,228,873.75
       
12. Amount Outstanding December 31, 2021
$
16,254.12
              
13. Percentage of Cash Collections to Total 2021 Levy,
(Item 10 divided by Item 5c) is
99.62%
Note : If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ____ and complete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line  10
$
63,010,251.31
       
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
63,010,251.31
       
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985.  The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# 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 2021 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
(FOR  MUNICIPALITIES  ONLY)
CURRENT TAXES - 2021 LEVY
Sheet  22


(1) Utilizing  Accelerated  Tax  Sale
Total of Line 10 Collected in Cash (sheet 22)
$
63,010,251.31
       
LESS : Proceeds from  Accelerated  Tax  Sale
Net Cash Collected
$
63,010,251.31
       
Line 5c (sheet 22) Total 2021 Tax Levy
$
63,245,127.87
       
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.63%
(2) Utilizing  Tax  Levy  Sale
Total of Line 10 Collected in Cash (sheet 22)
$
63,010,251.31
       
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
63,010,251.31
       
Line 5c (sheet 22) Total 2021 Tax Levy
$
63,245,127.87
       
Percentage of Collection Excluding  Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.63%
Sheet  22a
ACCELERATED  TAX  SALE  /  TAX  LEVY  SALE  -  CHAPTER  99
To Calculate Underlying Tax Collection Rate for 2021
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.


Debit
Credit
1.
Balance - January 1, 2021
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
231,561.00
            
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Senior Citizens Deductions Per Tax Billings
45,500.00
              
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
232,000.00
            
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
18,500.00
              
xxxxxxxxx
5.
Deductions Allowed By Tax Collector - Prior Year Taxes (2020)
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
5,571.23
                
8.
Deductions Disallowed By Tax Collector - Prior Year Taxes (2020)
xxxxxxxxx
6,943.14
                
9.
Received in Cash from State
xxxxxxxxx
291,969.19
            
10.
11.
12. Balance - December 31, 2021
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
223,077.44
            
Due To State of New Jersey
-
                         
xxxxxxxxx
527,561.00
            
527,561.00
            
Calculation of Amount to be included on Sheet 22, Item 10 -
2021 Senior Citizens and Veterans Deductions Allowed
Line  2
45,500.00
                        
Line  3
232,000.00
                      
Line  4
18,500.00
                        
Sub - Total
296,000.00
                      
Less: Line  7
5,571.23
                          
To Item 10, Sheet 22
290,428.77
                      
SCHEDULE  OF  DUE  FROM / TO  STATE  OF  NEW  JERSEY
FOR  SENIOR  CITIZENS  AND  VETERANS  DEDUCTIONS
Sheet  23


Debit
Credit
Balance - January 1, 2021
xxxxxxxxxx
-
                         
Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
xxxxxxxxx
Closed to Results of Operation
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxx
Balance - December 31, 2021
-
                         
xxxxxxxxx
Taxes Pending Appeals*
xxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxx
xxxxxxxxx
*Includes State Tax Court and County Board of Taxation
-
                         
-
                         
   Appeals Not Adjusted by December 31, 2021
Date
Sheet  24
SCHEDULE  OF  RESERVE  FOR  TAX  APPEALS  PENDING -
N.J.  DIVISION  OF  TAXATION  APPEALS  (N.J.S.A.  54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2021 Taxes Collected which are 
Pending State Appeal (Item 14, Sheet 22)


1. Balance - January 1, 2021
1,030,245.56
     
xxxxxxxxx
A. Taxes
39,085.58
           
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
991,159.98
         
xxxxxxxxx
xxxxxxxxx
2. Canceled:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
26,152.08
          
B. Tax Title Liens
xxxxxxxxx
3. Transferred to Foreclosed Tax Title Liens:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
4. Added Taxes
26,660.99
          
xxxxxxxxx
5. Added Tax Title Liens
10,951.61
          
xxxxxxxxx
6.
xxxxxxxxx
A. Taxes - Transfers to Tax Title Liens
xxxxxxxxx
(1)
B. Tax Title Liens - Transfers from Taxes
(1)
-
                     
xxxxxxxxx
7. Balance Before Cash Payments
xxxxxxxxx
1,041,706.08
     
8.
Totals
1,067,858.16
     
1,067,858.16
     
9. Balance Brought Down
1,041,706.08
     
xxxxxxxxx
10. Collected:
xxxxxxxxx
346,984.06
        
A. Taxes
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
346,984.06
         
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2021 Tax Sale
xxxxxxxxx
12. 2021 Taxes Transferred to Liens
111,649.19
        
xxxxxxxxx
13. 2021 Taxes
16,254.12
          
xxxxxxxxx
14. Balance - December 31, 2021
xxxxxxxxx
822,625.33
        
A. Taxes
55,848.61
           
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
766,776.72
         
xxxxxxxxx
xxxxxxxxx
15.
Totals
1,169,609.39
     
1,169,609.39
     
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
33.30%
17. Item No.14 multiplied by percentage shown above is
273,934.23
         
and represents the
maximum amount that may be anticipated in 2022.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet  26
SCHEDULE  OF  DELINQUENT  TAXES  AND  TAX  TITLE  LIENS
Debit
Credit
Adjustment between Taxes (Other than Current Year) and Tax Title Liens;


Debit
Credit
1. Balance - January 1, 2021
5,757,700.00
         
xxxxxxxxx
2. Foreclosed or Deeded in 2021
xxxxxxxxx
xxxxxxxxx
3.
Tax Title Liens
-
                         
xxxxxxxxx
4.
Taxes Receivable
-
                         
xxxxxxxxx
5A.
xxxxxxxxx
5B.
xxxxxxxxx
6.
Adjustment to Assessed Valuation
xxxxxxxxx
7.
Adjustment to Assessed Valuation
xxxxxxxxx
8. Sales
xxxxxxxxx
xxxxxxxxx
9.
Cash *
xxxxxxxxx
10.
Contract
xxxxxxxxx
11.
Mortgage
xxxxxxxxx
12.
Loss on Sales
xxxxxxxxx
13.
Gain on Sales
xxxxxxxxx
14. Balance - December 31, 2021
xxxxxxxxx
5,757,700.00
         
5,757,700.00
         
5,757,700.00
         
Debit
Credit
15. Balance - January 1, 2021
xxxxxxxxx
16. 2021 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2021
xxxxxxxxx
-
                         
-
                         
-
                         
Debit
Credit
20. Balance - January 1, 2021
xxxxxxxxx
21. 2021 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2021
xxxxxxxxx
-
                         
-
                         
-
                         
Analysis of Sale of Property:
$
-
                         
*Total Cash Collected in 2021
Realized in 2021 Budget
To Results of Operation (Sheet 19)
-
                         
Sheet  27
SCHEDULE  OF  FORECLOSED  PROPERTY
(PROPERTY  ACQUIRED  BY  TAX  TITLE  LIEN  LIQUIDATION)
CONTRACT  SALES
MORTGAGE  SALES


Amount
Dec. 31, 2020
Amount in
Amount
Balance
per Audit
2021
Resulting from
as at
Report
Budget
2021
Dec. 31, 2021
Emergency Authorization -
Municipal*
$
$
$
$
-
                      
Emergency Authorization -
Schools
$
$
$
$
-
                      
Overexpenditure of Appropriations
$
$
$
$
-
                      
$
$
$
$
-
                      
$
$
$
$
-
                      
$
$
$
$
-
                      
$
$
$
$
-
                      
$
$
$
$
-
                      
$
$
$
$
-
                      
TOTAL DEFERRED CHARGES
$
-
                 
$
-
                      
$
-
                           
$
-
                      
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
Sheet  28
JUDGMENTS  ENTERED  AGAINST  MUNICIPALITY  AND  NOT  SATISFIED
On Account of
In Favor of
DEFERRED  CHARGES
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
- 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 listed on Sheets 29 and 30.)
Caused By


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; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2020
By 2021
Canceled
Dec. 31, 2021
Authorized*
Budget
By Resolution
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
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
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2021' must be entered here and then raised in the 2022 budget.
REDUCED IN
Sheet  29
Date
Purpose
Chief Financial Officer
2021


N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED  TO  ROADS  OR BRIDGES BY  SNOW,  ICE, FROST OR  FLOODS
N.J.S.A. 40A:4-55.13, ET SEQ.,  SPECIAL EMERGENCY - PUBLIC  EXIGENCIES CAUSED  BY  CIVIL  DISTURBANCES
Amount
Not Less Than
Balance
Balance
Authorized
1/3 of Amount
Dec. 31, 2020
By 2021
Canceled
Dec. 31, 2021
Authorized*
Budget
By Resolution
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
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:4-55.1 et seq. and
N.J.S.A. 40A:4-55.13 et seq. and are recorded on this page
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2021' must be entered here and then raised in the 2022 budget.
REDUCED IN
Sheet  30
Date
Purpose
Chief Financial Officer
2021


Debit
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
1,620,000.00
         
Outstanding - December 31, 2021
9,670,000.00
         
11,290,000.00
       
2022 Bond Maturities - General Capital Bonds
$
2022 Interest on Bonds*
$
292,925.00
          
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
375,000.00
            
Outstanding - December 31, 2021
3,375,000.00
         
3,750,000.00
         
2022 Bond Maturities - Assessment Bonds
$
2022 Interest on Bonds*
$
105,000.00
          
Total "Interest on Bonds - Debt Service" (*Items)
$
2022 Maturity
Interest  
Rate
Total
-
                         
SCHEDULE  OF  BONDS  ISSUED  AND  OUTSTANDING
 AND 2022 DEBT  SERVICE  FOR  BONDS
GENERAL  CAPITAL  BONDS
2022  Debt Service
Credit
11,290,000.00
         
1,595,000.00
         
xxxxxxxxx
375,000.00
            
397,925.00
            
3,750,000.00
           
xxxxxxxxx
3,750,000.00
           
xxxxxxxxx
xxxxxxxxx
11,290,000.00
         
ASSESSMENT  SERIAL  BONDS
Sheet  31
LIST  OF  BONDS  ISSUED  DURING  2021
-
                          
Date  of     
Issue
Purpose
Amount Issued


Debit
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
73,805.56
              
Refunded
Outstanding - December 31, 2021
156,943.01
            
230,748.57
            
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for Green Trust Loan
$
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
80,100.24
              
Outstanding - December 31, 2021
1,801,804.60
         
1,881,904.84
         
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for NJEIT Loan
$
2022 Maturity
Interest  
Rate
Total
-
                         
117,469.00
            
Sheet  31a
LIST  OF  LOANS  ISSUED  DURING  2021
-
                          
Date  of     
Issue
Amount Issued
NJEIT LOAN
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2022  DEBT  SERVICE  FOR  LOANS
GREEN TRUST LOAN
2022  Debt Service
Credit
230,748.57
              
xxxxxxxxx
85,100.24
              
xxxxxxxxx
1,881,904.84
           
Purpose
32,368.76
              
2,770.00
                
62,514.12
              
230,748.57
              
xxxxxxxxx
59,744.12
              
1,881,904.84
           
xxxxxxxxx


Debit
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2021
-
                         
-
                         
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for  Loan
$
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2021
-
                         
-
                         
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for  Loan
$
2022 Maturity
Interest  
Rate
Total
-
                         
-
                          
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2022  DEBT  SERVICE  FOR  LOANS
 LOAN
Credit
2022  Debt Service
xxxxxxxxx
xxxxxxxxx
-
                        
 LOAN
xxxxxxxxx
xxxxxxxxx
-
                          
-
                        
LIST  OF  LOANS  ISSUED  DURING  2021
Purpose
Amount Issued
Date  of     
Issue
Sheet  31a.1
-
                          


Debit
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2021
-
                         
-
                         
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for  Loan
$
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2021
-
                         
-
                         
2022 Loan Maturities
$
2022 Interest on Loans 
$
Total 2022 Debt Service for  Loan
$
2022 Maturity
Interest  
Rate
Total
-
                         
-
                          
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2022  DEBT  SERVICE  FOR  LOANS
 LOAN
Credit
2022  Debt Service
xxxxxxxxx
xxxxxxxxx
-
                        
 LOAN
xxxxxxxxx
xxxxxxxxx
-
                          
-
                        
LIST  OF  LOANS  ISSUED  DURING  2021
Purpose
Amount Issued
Date  of     
Issue
Sheet  31a.2
-
                          


Debit
Outstanding - January 1, 2021
xxxxxxxxx
Paid
Outstanding - December 31, 2021
-
                         
-
                         
2022 Bond Maturities - Term Bonds
$
2022 Interest on Bonds
$
Outstanding - January 1, 2021
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2021
-
                         
-
                         
2022 Interest on Bonds
$
2022 Bond Maturities - Term Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2022 Maturity      
-01
Interest  
Rate
Total
-
                         
Outstanding
Dec. 31, 2021
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
2022 Interest
Sheet  32
Requirement
xxxxxxxxx
2022  INTEREST  REQUIREMENT  -  CURRENT  FUND  DEBT  ONLY
Purpose
Date  of     
Issue
xxxxxxxxx
Amount Issued      
-02
-
                          
xxxxxxxxx
LIST  OF  BONDS  ISSUED  DURING  2021
-
                          
-
                        
TYPE  I  SCHOOL  SERIAL  BONDS
-
                          
xxxxxxxxx
SCHEDULE  OF  BONDS  ISSUED  AND  OUTSTANDING
 AND 2022 DEBT  SERVICE  FOR  BONDS
TYPE  I  SCHOOL  TERM  BONDS
2022  Debt Service
Credit


Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2021
1,514,000.00
       
8/1/2019
1,514,000.00
       
07/12/22
0.2600%
79,150.00
             
3,936.40
               
07/12/22
1,700,000.00
       
8/1/2019
1,700,000.00
       
07/12/22
0.2600%
88,875.00
             
4,420.00
               
07/12/22
361,000.00
          
7/12/2021
361,000.00
          
07/12/22
0.2600%
938.60
                  
07/12/22
209,000.00
          
7/12/2021
209,000.00
          
07/12/22
0.2600%
543.40
                  
07/12/22
2,802,500.00
       
8/11/2021
2,802,500.00
       
07/12/22
0.2500%
6,422.40
               
07/12/22
432,250.00
          
7/12/2021
432,250.00
          
07/12/22
0.2600%
1,123.85
               
07/12/22
712,500.00
          
7/12/2021
712,500.00
          
07/12/22
0.2600%
1,852.50
               
07/12/22
1,900,000.00
       
8/11/2021
1,900,000.00
       
07/12/22
0.2500%
4,354.17
               
07/12/22
Page Totals    
9,631,250.00
       
9,631,250.00
       
168,025.00
           
23,591.31
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C".  Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School 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 2019 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2022 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT  SERVICE  FOR  NOTES  (OTHER  THAN  ASSESSMENT  NOTES)
Sheet  33
Title or Purpose of Issue
2022 Budget Requirements
14-10 Various Capital Improvoements
18-13 Various Capital Improvements
19-11 Prelim,inary Dredging Expenses
20-2 Paving and Improvements Various Streets
20-9 Beach Replenishment Project
20-14 Township Wide Dredging Projects
21-02  Acq of Var PW Equipment
21-6 Improvements to Rec Fields


Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2021
PREVIOUS PAGE TOTALS
9,631,250.00
       
9,631,250.00
       
168,025.00
           
23,591.31
             
PAGE TOTALS    
9,631,250.00
       
9,631,250.00
       
168,025.00
           
23,591.31
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C".  Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School 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 2019 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2022 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT  SERVICE  FOR  NOTES  (OTHER  THAN  ASSESSMENT  NOTES)
2022 Budget Requirements
Title or Purpose of Issue
Sheet  
33.1


Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2021
PREVIOUS PAGE TOTALS
9,631,250.00
       
9,631,250.00
       
168,025.00
           
23,591.31
             
PAGE TOTALS    
9,631,250.00
       
9,631,250.00
       
168,025.00
           
23,591.31
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C".  Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School 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 2019 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2022 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT  SERVICE  FOR  NOTES  (OTHER  THAN  ASSESSMENT  NOTES)
2022 Budget Requirements
Title or Purpose of Issue
Sheet  33 
Totals


Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2021
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total    
-
                       
-
                       
-
                        
-
                        
MEMO: *See Sheet 33 for clarification of "Original Date of Issue"
Assessment Notes with an original date of issue of 2019 or prior must be appropriated in full in the 2022 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)
DEBT  SERVICE  SCHEDULE  FOR  ASSESSMENT  NOTES
Sheet  34
Title or Purpose of Issue
2022 Budget Requirements


Amount
Lease Obligation Outstanding
Dec. 31, 2021
For Principal
For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total    
-
                                                     
-
                                                     
-
                                                     
(Do not crowd - add additional sheets)
SCHEDULE  OF  CAPITAL  LEASE  PROGRAM  OBLIGATIONS
Sheet  34a
Purpose
2022 Budget Requirements


2021
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
818,283.65
          
-
                       
-
                       
818,283.65
          
445,343.68
          
4,450.00
              
440,893.68
          
-
                       
218,296.16
          
33,282.42
            
185,013.74
          
-
                       
511,971.09
          
83,337.11
            
-
                       
428,633.98
          
74,145.33
            
372.50
                 
73,772.83
            
-
                       
18,283.55
            
2,434.04
              
-
                       
15,849.51
            
45,142.51
            
45,142.51
            
-
                       
2020-02  Paving and Improve Var Roads
126,453.11
          
96,100.80
            
-
                       
30,352.31
            
2020-03 Improvements to Community Center
77.50
                   
61,750.00
            
15,160.04
            
-
                       
46,667.46
            
2020-09 Beach Replenishment
51,800.98
            
2,802,500.00
       
98,891.85
            
-
                       
2,755,409.13
       
2020-10 Mystic Drainage Impr Phase II
1,710,314.50
       
424,537.11
          
-
                       
1,285,777.39
       
2020-14 Twp-wide Drainage Projects
22,750.00
            
432,250.00
          
315,282.31
          
-
                       
139,717.69
          
2021-02  Acq of Var PW Equipment
750,000.00
          
665,667.93
          
-
                       
84,332.07
            
2021-06 Improvements to Rec Fields
2,000,000.00
       
85,668.69
            
14,331.31
            
1,900,000.00
       
2021-09 Mystic West Phase 1 Dredging
8,550,000.00
       
204,954.45
          
-
                       
8,345,045.55
       
2021-10 Atlantis Dredging
1,525,000.00
       
112,281.83
          
-
                       
1,412,718.17
       
2021-16 Acquisition of Property
120,000.00
          
83,150.56
            
36,849.44
            
-
                       
Page Total    
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  (GENERAL  CAPITAL  FUND)
Sheet  35
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2021
Balance - December 31, 2021
2014-10 Various Capital Improvements
2016-05 Various Capital Improvements
2017-08 Various Capital Improvements
2018-13 Various General Improvements
2019-08 Additional improvements Veterans Park
2019-11 Preliminary Dredging Expenses
2019-12 Improvements Little Treasurers Park


2021
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
PAGE TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  (GENERAL  CAPITAL  FUND) (cont.)
Sheet  35.1
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2021
Balance - December 31, 2021


2021
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
PAGE TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet  35.2
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  (GENERAL  CAPITAL  FUND) (cont.)
Balance - January 1, 2021
Balance - December 31, 2021
IMPROVEMENTS
Specify each authorization by purpose. Do


2021
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
GRAND TOTALS
857,556.16
          
6,481,805.90
       
12,945,000.00
     
-
                       
2,225,571.64
       
-
                       
796,003.51
          
17,262,786.91
     
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet  35 Totals
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  (GENERAL  CAPITAL  FUND) (cont.)
Balance - January 1, 2021
Balance - December 31, 2021
IMPROVEMENTS
Specify each authorization by purpose. Do


Debit
Credit
Balance - January 1, 2021
xxxxxxxxx
240,044.00
            
Received from 2021 Budget Appropriation*
xxxxxxxxx
100,000.00
            
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements  -  Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
157,500.00
            
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2021
182,544.00
            
xxxxxxxxx
340,044.00
            
340,044.00
            
*The full amount of the 2021 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
GENERAL  CAPITAL  FUND
SCHEDULE  OF  CAPITAL  IMPROVEMENT  FUND
Sheet  36
xxxxxxxxx


Debit
Credit
Balance - January 1, 2021
xxxxxxxxx
Received from 2021 Budget Appropriation*
xxxxxxxxx
Received from 2021 Emergency Appropriation*
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2021
-
                         
xxxxxxxxx
-
                         
-
                         
*The full amount of the 2021 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Amount
Total
Down Payment
Additional Funding
Appropriated
Obligations
Provided by
Sources
Authorized
Ordinance
2021-02  Acq of Var PW Equipment
750,000.00
            
712,500.00
            
37,500.00
              
2021-06 Improvements to Rec Fields
2,000,000.00
         
1,900,000.00
         
100,000.00
            
2021-09 Mystic West Phase 1 Dredging
8,550,000.00
         
8,550,000.00
         
2021-10 Atlantis Dredging
1,525,000.00
         
1,525,000.00
         
2021-16 Acquisition of Property
120,000.00
            
120,000.00
            
Total
12,945,000.00
       
12,687,500.00
       
257,500.00
            
-
                         
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.
GENERAL  CAPITAL  FUND
SCHEDULE  OF  DOWN  PAYMENTS  ON  IMPROVEMENTS
Sheet  37
CAPITAL  IMPROVEMENTS  AUTHORIZED  IN  2021
AND  DOWN  PAYMENTS  (N.J.S.A. 40A:2-11)
Purpose


Debit
Credit
Balance - January 1, 2021
xxxxxxxxx
83,186.53
              
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2021 Budget Revenue
xxxxxxxxx
Balance - December 31, 2021
83,186.53
              
xxxxxxxxx
83,186.53
              
83,186.53
              
GENERAL  CAPITAL  FUND
STATEMENT  OF  CAPITAL  SURPLUS
Sheet  38
YEAR  -  2021


A.
1.
Total Tax Levy for Year 2021 was
$
2.
Amount of Item 1 Collected in 2021 (*)
$
3.
Seventy (70) percent of Item 1
$
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2021?
YES
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2021?
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 Calendar Year 2022 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
NO
D.
1.
Cash Deficit 2020
$
2.
4% of 2020 Tax Levy for all purposes:
Levy --
$ 
=
$
3.
Cash Deficit 2021
$
4.
4% of 2021 Tax Levy for all purposes:
Levy --
$ 
=
$
E.
1.
State Taxes
$ 
$
$
2.
County Taxes
$ 
$
$
3.
Amounts due Special Districts
$ 
$
$
4.
Amount due School Districts for School Tax
$ 
$
$
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)
2,123,396.98
            
50,712.17
              
63,245,127.87
          
44,271,589.51
          
63,010,251.31
          
Answer  YES  or  NO
Answer  YES  or  NO
Unpaid
Total
2021
Answer  YES  or  NO
Sheet  39
2020
2,123,396.98
         
50,712.17
                 
-
                        
-
                        
-