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2017 Annual Financial Statement

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Executive Summary

This document is the unaudited Annual Financial Statement for the Township of Mannington, Salem County, New Jersey, for the year 2017. It includes financial data, certifications by the Chief Financial Officer and Registered Municipal Accountant, and details regarding the municipality's budget, revenues, expenditures, debt, and various fund balances as of December 31, 2017. The document also contains information required prior to budget certification by the Director of the Division of Local Government Service.

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--- Document: 2017 Annual Financial Statement Document ---
Page 1 of 76
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017
(UNAUDITED)
POPULATION LAST CENSUS
1,806
NET VALUATION TAXABLE 2017
192,294,927
MUNICODE
1705
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: 
COUNTIES – JANUARY 26, 2018
MUNICIPALITIES - FEBRUARY 10, 2018
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 SERVICE
Township
of
Mannington
County of
Salem
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:
Diane Bowman
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, 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 Diane Bowman am the Chief Financial Officer, License #N-0788, of the Township of 
Mannington, County of Salem 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, 2017, completely in compliance with N.J.S. 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, 2017.
 
Prepared by Chief Financial Officer:
No
Signature
Diane Bowman
Title
Address
491 Route 45
Mannington, NJ 08079
Phone Number
Email
manningtontwpcfo@manningtontwp.com
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.


Page 2 of 76
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 
Mannington as of December 31, 2017 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. 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 no matters came to my attention that 
caused me to believe that the Annual Financial Statement for the year end December 31, 2017 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:
 
Fred Caltabiano
Registered Municipal Accountant
Bowman & Company LLP
Firm Name
6 North Broad Street
Suite 201
Woodbury, NJ 08096
Address
Phone Number
fcaltabiano@bowmanllp.com
Email
Certified by me
2/22/2018


Page 3 of 76
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 2018.
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:
Mannington
Chief Financial Officer:
Diane Bowman
Signature:
Diane Bowman
Certificate #:
Date:
2/26/2018
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:
Mannington
Chief Financial Officer:
Signature:
Certificate #:
Date:


Page 4 of 76
22-1987443
Fed I.D. #
Mannington
Municipality
Salem
County
Report of Federal and State Financial Assistance 
Expenditures of Awards
Fiscal Year Ending: December 31, 2017
(1)
(2)
(3)
Federal Programs 
Expended 
(administered by 
the State)
State Programs 
Expended
Other Federal 
Programs Expended
Total
$
$16,105.82
$
Type of Audit required by OMB Uniform Guidance and 
N.J. Circular 15-08-OMB:
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 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.
Diane Bowman
2/26/2018
Signature of Chief Financial Officer
Date


Page 5 of 76
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 Mannington, County of Salem during the year 2017.
I have therefore removed from this statement the sheets pertaining only to utilities
Signature:
Diane Bowman
Name:
Diane Bowman
Title:
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal 
Accountant.)
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017
☒ Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the 
tax year 2018 and filed with the County Board of Taxation on January 10, 2018 in accordance with the 
requirement of N.J.S.A. 54:4-35, was in the amount of
$189,479,704
SIGNATURE OF TAX ASSESSOR
Mannington
MUNICIPALITY
Salem
COUNTY


Page 6 of 76
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS OF DECEMBER 31, 2017
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be 
Subtotaled
Title of Account
Debit
Credit
Receivables with Full Reserves
Due from Trust Other Funds
4,808.25
Delinquent Taxes
262,297.89
Tax Title Liens
372,149.95
Property Acquired by Taxes
421,000.00
Contract Sales Receivable
0.00
Mortgage Sales Receivable
0.00
Subtotal Receivables with Full Reserves
1,060,256.09
0.00
Cash Liabilities 
Reserve for Encumbrances
31,952.72
Reserve for Encumbrances - Tax Appeals
1,032.50
Accounts Payable
41,431.00
Prepaid Taxes
188,347.85
Due to Federal and State Grant Fund
31,124.00
Due to General Capital Fund
1,059.18
Reserve for Legal Costs - Tax Appeals
0.12
Reserve for Codification of Ordinances
4,922.76
Reserve for Master Plan
119,109.00
Appropriation Reserves
162,294.57
Due to State of New Jersey - Senior Citizens & Veterans 
Deductions
0.00
Local District School Tax Payable
711,290.00
Regional School Tax Payable
Regional High School Tax Payable
0.00
County Taxes Payable
0.00
Due County for Added and Omitted Taxes
0.00
Special District Taxes Payable
State Library Aid
0.00
Subtotal Cash Liabilities
0.00
1,292,563.70
Current Fund Total
Cash
1,832,463.21
Due from State of NJ - Senior Citizens & Veterans 
Deductions
41.10
Deferred Charges
0.00
Deferred School Taxes
400,000.00
Reserve for Receivables
1,060,256.09
School Taxes Deferred
400,000.00
Fund Balance
539,940.61
Investments
Total
3,292,760.40
3,292,760.40


Page 7 of 76
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
Accounts #1 and #2*
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Cash Public Assistance #1
0.00
Cash Public Assistance #2
0.00
Total
0.00
0.00


Page 8 of 76
POST CLOSING TRIAL BALANCE – 
FEDERAL AND STATE GRANTS
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Due From Current Fund
31,124.00
Cash
0.00
Federal and State Grants Receivable
13,310.91
Appropriated Reserves for Federal and State Grants
44,434.91
Unappropriated Reserves for Federal and State Grants
44,434.91
44,434.91


Page 9 of 76
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated)
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Trust Assessment Fund
Cash
0.00
Deferred Charges
0.00
Assessment Bonds
0.00
Assessment Notes
Fund Balance
0.00
Total Trust Assessment Fund
0.00
0.00
Animal Control Fund
Reserve For Animal Control Fund Expenditures
147.59
Cash
147.59
Deferred Charges
0.00
Total Animal Control Fund
147.59
147.59
Trust Other Fund
Due to Current Fund
4,808.25
Reserve for Escrow Deposits/Performance Bonds
37,015.61
Reserve for Unemployment
7,584.07
Reserve for Tax Title Lien Redemption/Premiums
4,050.24
Reserve for Snow Removal
42,778.36
Reserve for Veteran's Park
649.41
Reserve for Payroll Withholdings
3,058.58
Cash
99,944.52
Deferred Charges
0.00
Total
99,944.52
99,944.52
Municipal Open Space Trust Fund
Reserve for Future Use
69,705.49
Cash
69,705.49
Total Municipal Open Space Trust Fund
69,705.49
69,705.49


Page 10 of 76
MUNICIPAL PUBLIC DEFENDER 
CERTIFICATION
Public Law 1998, C. 256
Municipal Public Defender Expended Prior Year 2016:
(1)
$
X
%
(2)
$0.00
Municipal Public Defender Trust Cash Balance December 31, 2017:
(3)
$
Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more 
than 25% the amount which the municipality expended during the prior year providing the services of a 
municipal public defender, the amount in excess of the amount expended shall be forwarded to the 
Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation 
Board (P.O. Box 084, Trenton, N.J. 08625).
Amount in excess of the amount expended: 3 - (1 +2) =
$
The undersigned certifies that the municipality has complied with the regulations governing Municipal 
Public Defender as required under Public Law 1998, C. 256.
Chief Financial Officer:
Diane Bowman
Signature:
Diane Bowman
Certificate #:
Date:
2/26/2018


Page 11 of 76
SCHEDULE OF TRUST FUND RESERVES
Purpose
Amount Dec. 31, 2016 Per 
Audit Report
Receipts
Disbursements
Balance as of Dec. 31, 2017
Reserve for Escrow Deposits/Performance Bonds
$31,867.39
$6,532.28
1,384.06
$37,015.61
Reserve for Unemployment
$11,523.36
$13.69
3,952.98
$7,584.07
Reserve for Tax Title Lien Redemption/Premiums
$1,950.00
$52,833.62
50,733.38
$4,050.24
Reserve for Snow Removal
$24,738.80
$30,905.00
12,865.44
$42,778.36
Reserve for Veteran's Park
$649.41
$
$649.41
Reserve for Payroll Withholdings
$2,311.22
$286,245.82
285,498.46
$3,058.58
Totals
$73,040.18
$376,530.41
$354,434.32
$95,136.27


Page 12 of 76
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, 
2016
Assessments 
and Liens
Current Budget
Other
Disbursements
Balance Dec. 31, 2017
Assessment Serial Bond Issues
Assessment Bond Anticipation Note Issues
Other Liabilities 
Trust Surplus
Trust Surplus
0.00
Less Assets “Unfinanced”
Totals
0.00
0.00
0.00
0.00
0.00


Page 13 of 76
POST CLOSING
TRIAL BALANCE - GENERAL CAPITAL FUND
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Reserve for Demolition of Property
10,666.00
Reserve for Purchase of Computer Equipment
2,890.92
Reserve for Building Renovations
445.60
Due form Capital Fund
1,059.18
Deferred Charges to Future Taxation Unfunded
90,000.00
Est. Proceeds Bonds and Notes Authorized
50,000.00
Bonds and Notes Authorized but Not Issued
50,000.00
Cash
344,418.27
Deferred Charges
0.00
General Capital Bonds
0.00
Assessment Serial Bonds
0.00
Bond Anticipation Notes
40,000.00
Assessment Notes
Loans Payable
0.00
Loans Payable
0.00
Improvement Authorizations - Funded
30,774.93
Improvement Authorizations - Unfunded
90,000.00
Capital Improvement Fund
260,700.00
Down Payments on Improvements
0.00
Capital Surplus
0.00
Total
485,477.45
485,477.45


Page 14 of 76
CASH RECONCILIATION DECEMBER 31, 2017
Cash
On Hand
On Deposit
Less Checks 
Outstanding
Cash Book Balance
Current
54,336.55
1,789,101.94
10,975.28
1,832,463.21
Public Assistance #1**
0.00
Public Assistance #2**
0.00
Federal and State Grant Fund
0.00
Trust - Assessment
0.00
Trust - Dog License
147.59
147.59
Trust - Other
388.89
100,725.54
1,169.91
99,944.52
Municipal Open Space Trust Fund
69,705.49
69,705.49
Capital - General
344,418.27
344,418.27
Total
54,725.44
2,304,098.83
12,145.19
2,346,679.08
* - 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, 
2017.
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, 2017.
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:
Diane Bowman
Title:


Page 15 of 76
CASH RECONCILIATION DECEMBER 31, 2017 (CONT'D)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Bank
Amount
Total
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.


Page 16 of 76
MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 
Grant
Balance Jan. 1, 2017
2017 Budget 
Revenue Realized
Received
Canceled
Other
Balance Dec. 31, 
2017
Other Grant Receivable 
Description
JIF Safety Reimbursement
1,097.20
1,097.20
JIF Employee Safety Incentive
1,769.39
1,755.00
1,755.00
1,769.39
JIF Optional Safety Grant
0.00
750.00
750.00
0.00
JIF Wellness Program
500.00
500.00
490.96
509.04
Clean Communities
0.00
8,997.06
8,997.06
0.00
Alcohol Education and Rehabilitation 
Fund
0.00
836.42
836.42
0.00
Municipal Alliance
9,935.28
9,935.28
Total
13,301.87
12,838.48
12,829.44
0.00
13,310.91


Page 17 of 76
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2017 Budget 
Appropriations
Grant
Balance Jan. 1, 
2017
Budget
Appropriation By 
40A:4-87
Expended
Cancelled
Other
Balance Dec. 31 
2017
Other Grant Receivable 
Description
JIF Safety Reimbursement
1,940.87
0.00
85.82
1,855.05
JIF Employee Safety Incentive
800.93
1,755.00
645.86
1,910.07
JIF Optional Safety Grant
0.00
750.00
750.00
0.00
JIF Wellness Program
0.00
500.00
500.00
0.00
Farmland Preservation
200.00
200.00
Clean Communities
15,002.99
8,997.06
8,776.89
15,223.16
Stormwater Grant
1,467.00
1,467.00
Alcohol Education and 
Rehabilitation Fund
13,811.84
836.42
4,075.00
10,573.26
State Police SLA HEOP
3,131.00
3,131.00
Municipal Alliance
13,329.30
3,253.93
10,075.37
Total
49,683.93
3,005.00
9,833.48
18,087.50
0.00
44,434.91


Page 18 of 76
SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2017 Budget 
Appropriations
Grant
Balance Jan. 1, 
2017
Budget
Appropriation By 
40A:4-87
Receipts
Grants Receivable
Other
Balance Dec. 31, 
2017
Other Grant Receivable 
Description
Total


Page 19 of 76
LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance January 1, 2017
School Tax Payable # 
85001-00
746,992.00
School Tax Deferred
(Not in excess of 50% of Levy - 2016 -2017) 
85002-00
400,000.00
Prepaid Beginning Balance
Levy School Year July 1, 2017- June 30, 2018
2,778,226.00
Levy Calendar Year 2017
Paid
2,813,928.00
Balance December 31, 2017
School Tax Payable # 
85003-00
711,290.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018) 
85004-00
400,000.00
Prepaid Ending Balance
Total
3,925,218.00
3,925,218.00
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, 2017
2017 Levy 
85105-00
38,458.99
Added and Omitted Levy
Interest Earned
Expenditures
38,458.99
Balance December 31, 2017
85046-00
0.00
Total
38,458.99
38,458.99


Page 20 of 76
REGIONAL SCHOOL TAX
Debit
Credit
Balance January 1, 2017
School Tax Payable
85031-00
School Tax Deferred
(Not in excess of 50% of Levy - 2016 -2017) 
85032-00
Prepaid Beginning Balance
Levy School Year July 1, 2017- June 30, 2018
Levy Calendar Year 2017
Paid
Balance December 31, 2017
School Tax Payable
85033-00
0.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018) 
85034-00
0.00
Prepaid Ending Balance
Total
0.00
0.00
Amount Deferred at during Year
# Must include unpaid requisitions
REGIONAL HIGH SCHOOL TAX
Debit
Credit
Balance January 1, 2017
School Tax Payable
85041-00
School Tax Deferred
(Not in excess of 50% of Levy - 2016 - 2017 )
85042-00
Prepaid Beginning Balance
Levy School Year July 1, 2017- June 30, 2018
Levy Calendar Year 2017
Paid
Balance December 31, 2017
School Tax Payable
85043-00
0.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018) 
85044-00
0.00
Prepaid Ending Balance
Total
0.00
0.00
Amount Deferred at during year
# Must include unpaid requisitions


Page 21 of 76
COUNTY TAXES PAYABLE
Debit
Credit
Balance January 1, 2017
County Taxes 
80003-01
Due County for Added and Omitted Taxes 
80003-02
2017Levy
General County 
80003-03
2,130,442.91
County Library 
80003-04
County Health
County Open Space Preservation
37,796.87
Due County for Added and Omitted Taxes 
80003-05
2,945.53
Paid
2,171,185.31
Balance December 31, 2017
County Taxes
0.00
Due County for Added and Omitted Taxes
0.00
Total
2,171,185.31
2,171,185.31
Paid for Regular County Levies
2,168,239.78
Paid for Added and Omitted Taxes
2,945.53
SPECIAL DISTRICT TAXES
Debit
Credit
Balance January 1, 2017
80003-06
2017 Levy: (List Each Type of District Tax 
Separately - see Footnote)
Total 2017 Levy
80003-07
Paid
80003-08
Balance December 31, 2017
80003-09
Total
Footnote: Please state the number of districts in each instance


Page 22 of 76
STATE LIBRARY AID
RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID
Debit
Credit
Balance Jan 1, CY (Credit)
State Library Aid Received in CY (Credit)
Expended (Debit)
Balance December 31, 2017
0.00
Total
0.00
0.00
RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Balance January 1, CY (Credit)
State Library Aid Received in CY (Credit)
Expended (Debit)
Balance December 31, 2017
0.00
Total
0.00
0.00
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A 40:54-35)
Balance January 1, CY (Credit)
State Library Aid Received in CY (Credit)
Expended (Debit)
Balance December 31, 2017
0.00
Total
0.00
0.00
RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID
Balance January 1, CY (Credit)
State Library Aid Received in CY (Credit)
Expended (Debit)
Balance December 31, 2017
0.00
Total
0.00
0.00


Page 23 of 76
STATEMENT OF GENERAL BUDGET REVENUES 2017
Source
Budget -01
Realized -02
Excess or Deficit 
-03
Surplus Anticipated
80101-
769,000.00
769,000.00
0.00
Surplus Anticipated with Prior Written Consent of 
Director of Local Government
80102-
Adopted Budget
324,723.00
359,989.57
35,266.57
Added by NJS40A:4-87
9,833.48
9,833.48
0.00
Total Miscellaneous Revenue Anticipated 
80103-
334,556.48
369,823.05
35,266.57
Receipts from Delinquent Taxes 
80104-
97,000.00
216,911.23
119,911.23
Amount to be Raised by Taxation:
(a) Local Tax for Municipal Purposes 
80105-
542,358.82
(b) Addition to Local District School Tax 
80106-
(c) Minimum Library Tax 
80107-
County Only: Total Raised by Taxation
Total Amount to be Raised by Taxation 
80107-
542,358.82
497,379.30
-44,979.52
Total
1,742,915.30
1,853,113.58
110,198.28
ALLOCATION OF CURRENT TAX COLLECTIONS
Debit
Credit
Current Taxes Realized in Cash
80108-00
5,198,865.94
Amount to be Raised by Taxation
Local District School Tax
80109-00
2,778,226.00
Regional School Tax 
80119-00
Regional High School Tax 
80110-00
County Taxes 
80111-00
2,168,239.78
Due County for Added and Omitted Taxes 
80112-00
2,945.53
Special District Taxes 
80113-00
Municipal Open Space Tax 
80120-00
38,458.99
Reserve for Uncollected Taxes 
80114-00
286,383.66
Deficit in Required Collection of Current Taxes (or) 
80115-00
Balance for Support of Municipal Budget (or) 
80116-00
497,379.30
*Excess Non-Budget Revenue (see footnote) 
80117-00
*Deficit Non-Budget Revenue (see footnote) 
80118-00
Total
5,485,249.60
5,485,249.60
* 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 24 of 76
STATEMENT OF GENERAL BUDGET REVENUES 2017
MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87
Source
Budget
Realized
Excess of Deficit
Alcohol Education and Rehabilitation Fund
836.42
836.42
0.00
Clean Communities
8,997.06
8,997.06
0.00
9,833.48
9,833.48
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
Diane Bowman


Page 25 of 76
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2017
2017 Budget as Adopted
80012-01
1,733,081.82
2017 Budget - Added by N.J.S. 40A:4-87
 80012-02 
9,833.48
Appropriated for 2017 (Budget Statement Item 9)
 80012-03 
1,742,915.30
 Appropriated for 2017 Emergency Appropriation 
(Budget Statement Item 9)
 80012-04 
Total General Appropriations (Budget Statement 
Item 9)
 80012-05 
1,742,915.30
Add: Overexpenditures (see footnote)
 80012-06 
Total Appropriations and Overexpenditures
 80012-07 
1,742,915.30
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
80012-08
1,294,237.07
Paid or Charged - Reserve for Uncollected Taxes
80012-09
286,383.66
Reserved
80012-10
162,294.57
Total Expenditures
 80012-11 
1,742,915.30
Unexpended Balances Cancelled (see footnote)
 80012-12 
0.00
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)
2017 Authorizations
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures


Page 26 of 76
RESULTS OF 2017 OPERATION
CURRENT FUND
Debit
Credit
Sale of Municipal Assets (Credit)
Unexpended Balances of CY Budget Appropriations
0.00
Unexpended Balances of PY Appropriation Reserves 
(Credit)
76,033.90
Excess of Anticipated Revenues: Miscellaneous 
Revenues Anticipated
35,266.57
Prior Years Interfunds Returned in CY (Credit)
Excess of Anticipated Revenues: Delinquent Tax 
Collections
119,911.23
Cancelation of Reserves for Federal and State Grants 
(Credit)
Excess of Anticipated Revenues: Required Collection of 
Current Taxes
0.00
Statutory Excess in Reserve for Dog Fund Expenditures 
(Credit)
Interfund Advances Originating in CY (Debit)
Miscellaneous Revenue Not Anticipated
34,228.57
Cancellation of Federal and State Grants Receivable 
(Debit)
Miscellaneous Revenue Not Anticipated: Proceeds of 
Sale of Foreclosed Property
0.00
Senior Citizen Deductions Disallowed - Prior Year 
Taxes (Debit)
Deferred School Tax Revenue: Balance January 1, CY
400,000.00
Refund of Prior Year Revenue (Debit)
Deferred School Tax Revenue: Balance December 31, 
CY
400,000.00
Deficit in Anticipated Revenues: Miscellaneous 
Revenues Anticipated
0.00
Deficit in Anticipated Revenues: Delinquent Tax 
Collections
0.00
Deficit in Anticipated Revenues: Required Collection of 
Current Taxes
44,979.52
Surplus Balance
220,460.75
Deficit Balance
665,440.27
665,440.27


Page 27 of 76
SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED
Source
Amount Realized
Credit Card Fee
297.00
Tax Searches
33.00
Registrar
25,092.37
Planning Board Applications
800.00
Street Openings
250.00
Zoning Permits
1,650.00
Property Lists
40.00
Miscellaneous
225.00
Refund Tax Court Filing Fees
1,750.00
Comcast Franchise Fees
3,617.17
Housing C/O
250.00
At&T Refund
208.03
Recording Fees
16.00
TTL Premium
0.00
Total Amount of Miscellaneous Revenues Not Anticipated
34,228.57


Page 28 of 76
SURPLUS – CURRENT FUND
YEAR 2017
Debit
Credit
Miscellaneous Revenue Not Anticipated: 
Payments in Lieu of Taxes on Real Property 
(Credit)
Balance January 1, CY (Credit)
1,088,479.86
Excess Resulting from CY Operations
220,460.75
Amount Appropriated in the CY Budget - Cash
769,000.00
Amount Appropriated in the CY Budget - with 
Prior Written Consent of Director of Local 
Government Services
Surplus Balance - To Surplus
Balance December 31, 2017                                           
80014-05
539,940.61
1,308,940.61
1,308,940.61
ANALYSIS OF BALANCE DECEMBER 31, 2017
(FROM CURRENT FUND – TRIAL BALANCE)
 
Cash
1,832,463.21
Investments
Sub-Total
1,832,463.21
Deduct Cash Liabilities Marked with “C” 
on Trial Balance
80014-08
1,292,563.70
Cash Surplus
80014-09
539,899.51
Deficit in Cash Surplus
80014-10
Other Assets Pledged to Surplus
Due from State of N.J. Senior Citizens 
and Veterans Deduction
80014-16
41.10
Deferred Charges #
80014-12
0.00
Cash Deficit
80014-13
0.00
Total Other Assets
80014-14
41.10
80014-15
539,940.61


Page 29 of 76
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES – 2017 LEVY
1.
Amount of Levy as per Duplicate 
(Analysis) #
82101-00
5,528,539.57
         (Abstract of Ratables)
82113-00
2.
Amount of Levy Special District Taxes
82102-00
3.
Amount Levied for Omitted Taxes 
under N.J.S.A. 54:4-63.12 et. seq.
82103-00
4.
Amount Levied for Added Taxes under 
82104-00
7,507.31
N.J.S.A. 54:4-63.1 et. seq.
5a.
Subtotal 2017 Levy
5,536,046.88
5b.
Reductions due to tax appeals **
5c.
Total 2017 Tax Levy
82106-00
5,536,046.88
6.
Transferred to Tax Title Liens
82107-00
62,384.95
7.
Transferred to Foreclosed Property
82108-00
8.
Remitted, Abated or Canceled
82109-00
12,499.78
9.
Discount Allowed
82110-00
10.
Collected in Cash:  In 2016
82121-00   
88,236.82
           In 2017 *
82122-00   
5,040,990.08
Homestead Benefit Revenue
82124-00   
49,139.04
State's Share of 2017 Senior Citizens
and Veterans Deductions Allowed
82123-00   
20,500.00
Total to Line 14
82111-00   
5,198,865.94
11.
Total Credits
5,273,750.67
12.
Amount Outstanding December 31, 
2017
83120-00
262,296.21
13.
Percentage of Cash Collections to Total 
2017 Levy,
(Item 10 divided by Item 5c) is
93.9094
82112-00
Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale?
No
14.
Calculation of Current Taxes Realized in 
Cash:
Total of Line 10
5,198,865.94
Less:  Reserve for Tax Appeals Pending
            State Division of Tax Appeals
To Current Taxes Realized in Cash
5,198,865.94
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $5,536,046.88, and Item 10 shows $5,198,865.94, the percentage represented by 
the cash collections would be $5,198,865.94 / $5,536,046.88 or 93.9094. The correct percentage to be 
shown as Item 13 is 93.9094%.
# 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 2017 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 30 of 76
ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2017
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 2017 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 2017 Tax Levy
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is


Page 31 of 76
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit
Credit
Balance Jan 1, CY: Due From State of New Jersey 
(Debit)
Balance Jan 1, CY: Due To State of New Jersey (Credit)
115.08
Sr. Citizens Deductions Per Tax Billings (Debit)
5,250.00
Veterans Deductions Per Tax Billings (Debit)
14,500.00
Sr. Citizen & Veterans Deductions Allowed by 
Collector (Debit)
1,000.00
Sr Citizens Deductions Allowed By Tax Collector – 
Prior Years (Debit)
0.00
Sr. Citizen & Veterans Deductions Disallowed by 
Collector (Credit)
250.00
Sr. Citizens Deductions Disallowed By Tax Collector 
PY Taxes (Credit)
Received in Cash from State (Credit)
20,343.82
Balance December 31, 2017
41.10
20,750.00
20,750.00
Calculation of Amount to be included on Sheet 22, Item 
10- 2017 Senior Citizens and Veterans Deductions 
Allowed
Line 2
5,250.00
Line 3
14,500.00
Line 4
1,000.00
Sub-Total
20,750.00
Less: Line 7
250.00
To Item 10
20,500.00


Page 32 of 76
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING
(N.J.S.A. 54:3-27)
Debit
Credit
Balance January 1, 2017
0.00
Taxes Pending Appeals
Interest Earned on Taxes Pending 
Appeals
Contested Amount of 2017 Taxes 
Collected which are Pending State 
Appeal
Interest Earned on Taxes Pending 
State Appeals
Budget Appropriation
Cash Paid to Appellants (Including 5% 
Interest from Date of Payment
Closed to Results of Operations 
(Portion of Appeal won by 
Municipality, including Interest)
Balance December 31, 2017
0.00
Taxes Pending Appeals*
0.00
Interest Earned on Taxes Pending 
Appeals
0.00
0.00
0.00
*Includes State Tax Court and County Board of Taxation
Appeals Not Adjusted by December 31, 2017
Signature of Tax Collector
License #
Date


Page 33 of 76
COMPUTATION OF APPROPRIATION: 
RESERVE FOR UNCOLLECTED TAXES AND 
AMOUNT TO BE RAISED BY TAXATION
IN 2018 MUNICIPAL BUDGET
Year 2018
Year 2017
1. Total General Appropriations for 2018 Municipal 
Budget
Item 8 (L) (Exclusive of Reserve for Uncollected Taxes 
Statement
80015-
2. Local District School Tax -
Actual
80016-
2,778,226.00
Estimate
80017-
3. Regional School District Tax -
Actual
80025-
Estimate
80026-
4. Regional High School Tax –
School Budget
Actual
80018-
Estimate
80019-
5. County Tax
Actual
80020-
2,168,239.78
Estimate
80021-
6. Special District Taxes
Actual
80022-
Estimate
80023-
7. Municipal Open Space Tax
Actual
80027-
38,458.99
Estimate
80028-
8. Total General Appropriations & Other Taxes
80024-
01
9. Less: Total Anticipated Revenues from 2018 in 
Municipal Budget (Item 5)
80024-
02
10. Cash Required from 2018 Taxes to Support Local 
Municipal Budget and Other Taxes
80024-
03
11. Amount of item 10 Divided by
%
[82003
4-04]
Equals Amount to be Raised by Taxation (Percentage
used must not exceed the applicable percentage shown 
by Item 13, Sheet 22)
80024-
05
Analysis of Item 11:
    Local District School Tax
          (Amount Shown on Line 2 Above)
2,778,226.00
    Regional School District Tax
          (Amount Shown on Line 3 Above)
    Regional High School Tax
          (Amount Shown on Line 4 Above)
    County Tax
          (Amount Shown on Line 5 Above)
2,168,239.78
    Special District Tax
          (Amount Shown on Line 6 Above)
    Municipal Open Space Tax
    *     Must not be stated in an amount less 
than "actual" Tax of year2017.
    **   May not be stated in an amount less 
than proposed budget submitted by the Local 
Board of Education to the Commissioner of 
Education on January 15, 2018 (Chap. 136, 
P.L. 1978).  Consideration must be given to 
calendar year calculation.
          (Amount Shown on Line 7 Above)
38,458.99
Tax in Local Municipal Budget
Total Amount (see Line 11)
12. Appropriation: Reserve for Uncollected 
Taxes (Budget Statement, Item 8 (M) (Item 
11, Less Item 10)
80024-06
Computation of "Tax in Local Municipal 
Budget" Item 1 - Total General 
Appropriations
Item 12 - Appropriation: Reserve for Uncollected Taxes
Amount to be Raised by Taxation in Municipal Budget            
80024-07


Page 34 of 76
ACCELERATED TAX SALE - CHAPTER 99
Calculation To Utilize Proceeds In Current Budget As Deduction
To Reserve For Uncollected Taxes Appropriation
A.
Reserve for Uncollected Taxes (sheet 25, 
Item 12)
$
B.
Reserve for Uncollected Taxes Exclusion 
Outstanding Balance of Delinquent Taxes
(sheet 26, Item 14A) x % of Collection 
(Item 16)
$
C.
TIMES: % of increase of Amount to be
Raised by Taxes over Prior Year
[(2018 Estimated Total Levy - 2017 Total 
Levy)/2017 Total Levy]
%
D.
Reserve for Uncollected Taxes Exclusion 
Amount [(B x C) + B]
$
E
Net Reserve for Uncollected Taxes
Appropriation in Current Budget
$
(A-D)
2018 Reserve for Uncollected Taxes Appropriation Calculation (Actual)
1.
Subtotal General Appropriations (item8(L) 
budget sheet 29
2.
Taxes not Included in the budget (AFS 25, 
items 2 thru 7)
$
Total
$
3.
Less: Anticipated Revenues (item 5, 
budget sheet 11)
4.
Cash Required
$
5.
Total Required at
$
(items 4+6)
$
6.
Reserve for Uncollected Taxes (item E 
above)


Page 35 of 76
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
1.
Balance January 1, 2017
520,915.90
A.  Taxes
83102-00
236,975.90
B.  Tax Title Liens
83103-00
283,940.00
2.
Cancelled
A.  Taxes
 83105-00 
6,099.88
B.  Tax Title Liens
 83106-00 
3.
Transferred to Foreclosed 
Tax Title Liens:
A.  Taxes
 83108-00 
B.  Tax Title Liens
 83109-00 
4.
Added Taxes
 83110-00 
5.
Added Tax Title Liens
 83111-00 
6.
Adjustment between Taxes 
(Other than current year)
A.  Taxes - Transfers to Tax 
Title Liens
 83104-00 
16,653.45
B.  Tax Title Liens - 
Transfers from Taxes
 83107-00 
16,653.45
7.
Balance Before Cash 
Payments
514,816.02
8.
Totals
537,569.35
537,569.35
9.
Collected:
216,911.23
A.  Taxes
83116-00
214,220.89
B.  Tax Title Liens
83117-00
2,690.34
10.
Interest and Costs - 2017 
Tax Sale
 83118-00 
11,861.89
11.
2017 Taxes Transferred to 
Liens
 83119-00 
62,384.95
12.
2017 Taxes
 83123-00 
262,296.21
13.
Balance December 31, 
2017
634,447.84
A.  Taxes
83121-00
262,297.89
B.  Tax Title Liens
83122-00
372,149.95
14.
Totals
851,359.07
851,359.07
15.
Percentage of Cash Collections to 
Adjusted Amount Outstanding
(Item No. 9 divided by Item 
No. 7) is
42.1337
16.
Item No. 14 multiplied by percentage 
shown above is
267,316.35
And represents the 
maximum amount that may be 
anticipated in 2018.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the 
same.


Page 36 of 76
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit
Credit
Balance January 1, CY (Debit)
421,000.00
Foreclosed or Deeded in CY: Tax Title Liens (Debit)
Foreclosed or Deeded in CY: Taxes Receivable 
(Debit)
Adjustment to Assessed Valuation (Debit)
Adjustment to Assessed Valuation (Credit)
Sales: Cash* (Credit)
Sales: Contract (Credit)
Sales: Mortgage (Credit)
Sales: Loss on Sales (Credit)
Sales: Gain on Sales (Debit)
Balance December 31, 2017
421,000.00
421,000.00
421,000.00
CONTRACT SALES
Debit
Credit
Balance January 1, CY (Debit)
CY Sales from Foreclosed Property (Debit)
Collected * (Credit)
Balance December 31, 2017
0.00
0.00
0.00
MORTGAGE SALES
Debit
Credit
Balance January 1, CY (Debit)
CY Sales from Foreclosed Property (Debit)
Collected * (Credit)
Balance December 31, 2017
0.00
0.00
0.00
Analysis of Sale of Property:
$0.00
*Total Cash Collected in 2017
(84125-00)
Realized in 2017 Budget
To Results of Operation
0.00


Page 37 of 76
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55,
N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
Amount Dec. 
31, 2016 per 
Audit Report
Amount in 
2017 Budget
Amount 
Resulting from 
2017
Balance as at 
Dec. 31, 2017
Trust Assessment
$
$
$
$0.00
Animal Control Fund
$
$
$
$0.00
Trust Other
$
$
$
$0.00
Capital -
$
$
$
$0.00
Subtotal Current Fund
$
$
$
$
Subtotal Trust Fund
$0.00
$0.00
$0.00
$0.00
Subtotal Capital Fund
$0.00
$0.00
$0.00
$0.00
Total Deferred Charges
$0.00
$0.00
$0.00
$0.00
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN 
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 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 
2018
$


Page 38 of 76
N.J.S. 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 2017
Date
Purpose
Amount 
Authorized
Not Less Than 1/5 of 
Amount Authorized
Balance Dec. 31, 
2016
By 2017 Budget
Cancelled by 
Resolution
Balance Dec. 31, 
2017
Totals
80025-00
80026-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 
40A:4-53 et seq. and are recorded on this page
Diane Bowman
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, 2017 must be entered here 
and then raised in the 2018 budget.


Page 39 of 76
N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD
N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Reduced in 2017
Date
Purpose
Amount 
Authorized
Not Less Than 1/3 of 
Amount Authorized
Balance Dec. 31, 
2016
By 2017 Budget
Cancelled by 
Resolution
Balance Dec. 31, 
2017
Totals
80027-00
80028-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 
40A:4-55 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page
Diane Bowman
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, 2017 must be entered here 
and then raised in the 2018 budget.


Page 40 of 76
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2018 DEBT SERVICE FOR BONDS
MUNICIPAL GENERAL CAPITAL BONDS
Debit
Credit
2018 Debt Service
Outstanding January 1, CY (Credit)
Issued (Credit)
Paid (Debit)
Cancelled (Debit)
Outstanding Dec. 31, 2017                              80033-04
0.00
0.00
0.00
2018 Bond Maturities – General Capital Bonds
80033-05
2018 Interest on Bonds
80033-06
ASSESSMENT SERIAL BONDS
Outstanding January 1, CY (Credit)
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31, 2017                      80033-10
0.00
0.00
0.00
2018 Bond Maturities – General Capital Bonds
8003-11
2018 Interest on Bonds
80033-12
LIST OF BONDS ISSUED DURING 2017
Purpose
2018 Maturity
Amount Issued
Date of 
Issue
Interest 
Rate
Total
80033-14
8033-15


Page 41 of 76
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2018 DEBT SERVICE FOR LOANS
MUNICIPAL GREEN ACRES TRUST LOAN
Debit
Credit
2018 Debt Service
Outstanding January 1, CY (Credit)
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31,2017                                80033-04
0.00
0.00
0.00
2018 Loan Maturities
80033-05
2018 Interest on Loans
80033-06
Total 2018 Debt Service for Loan
80033-13
GREEN ACRES TRUST LOAN
Outstanding January 1, CY (Credit)
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31,2017                                80033-10
0.00
0.00
0.00
2018 Loan Maturities
80033-11
2018 Interest on Loans
80033-12
Total 2018 Debt Service for Loan
8033-13
LIST OF LOANS ISSUED DURING 2017
Purpose
2018 Maturity
Amount Issued
Date of 
Issue
Interest 
Rate
Total
80033-14
80033-15


Page 42 of 76
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 76


Page 44 of 76
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2018 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit
Credit
2018 Debt Service
Outstanding January 1, CY (Credit)
Paid (Debit)
Outstanding Dec. 31, 2017                                 80034-03
0.00
0.00
0.00
2018 Bond Maturities – Term Bonds
80034-04
2018 Interest on Bonds
80034-05
Type 1 School Serial Bond
Outstanding January 1, CY (Credit)
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31, 2017                                 80034-09
0.00
0.00
0.00
2018 Interest on Bonds
80034-10
2018 Bond Maturities – Serial Bonds
80034-11
Total “Interest on Bonds – Type 1 School Debt Service” 
80034-12
LIST OF BONDS ISSUED DURING 2017
Purpose
2018 Maturity -01
Amount Issued -02
Date of 
Issue
Interest 
Rate
Total
2018 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLY
Outstanding Dec. 
31, 2017
2018 Interest 
Requirement
$
$


Page 45 of 76
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2018 Budget Requirement
Title or Purpose of Issue
Original Amount 
Issued
Original Date of 
Issue
Amount of Note 
Outstanding 
Dec. 31, 2017
Date of Maturity
Rate of Interest
For Principal
For Interest
Interest 
Computed to 
(Insert Date)
Acquisition of Farmland 
Preservation
400,000.00
12/23/2008
40,000.00
12/7/2018
1.99
40,000.00
796.00
12/7/2018
400,000.00
40,000.00
40,000.00
796.00
80051-01
80051-02
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 2016 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2018 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 46 of 76
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
2018 Budget Requirement
Title or Purpose of Issue
Original Amount 
Issued
Original Date of 
Issue
Amount of 
Note 
Outstanding 
Dec. 31, 2017
Date of 
Maturity
Rate of Interest
For Principal
For Interest
Interest 
Computed to 
(Insert Date)
80051-01
80051-02
Assessment Notes with an original date of issue of December 31, 2015 or prior must be appropriated in full in the 2018 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 47 of 76
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
2018 Budget Requirement
Purpose
Amount of Obligation 
Outstanding Dec. 31, 2017
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
80051-01
80051-02


Page 48 of 76
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Balance – January 1, 2017
Balance – December 31, 2017
IMPROVEMENTS Specify each 
authorization by purpose. Do not merely 
designate by a code number.
Funded
Unfunded
2017
Authorizations
Refunds, 
Transfers, & 
Encumbrances
Expended
Authorizations 
Canceled
Funded
Unfunded
Farmland Preservation Program
10,000.00
10,000.00
Acquisition of Farmland Preservation 
Program Easement
50,000.00
50,000.00
10,000.00
90,000.00
Road Maintenance and Repair Program
3,095.10
3,095.10
Purchase of Public Works Equipment
1,611.29
1,611.29
2015 Road Program
5,968.54
5,968.54
2016 Road Program
100.00
100.00
Total
70,774.93
50,000.00
0.00
0.00
0.00
0.00
30,774.93
90,000.00


Page 49 of 76
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Balance January 1, CY (Credit)
260,700.00
Received from CY Budget Appropriation * (Credit)
Improvement Authorizations Canceled (financed in 
whole by the Capital Improvement Fund) (Credit)
Appropriated to Finance Improvement Authorizations 
(Debit)
Balance December 31, 2017
80031-
05
260,700.00
260,700.00
260,700.00
* The full amount of the 2017 budget appropriation should be transferred to this account unless the 
balance of the appropriation is to be permitted to lapse.


Page 50 of 76
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
Balance January 1, CY (Credit)
Received from CY Budget Appropriation * (Credit)
Received from CY Emergency Appropriation * 
(Credit)
Appropriated to Finance Improvement 
Authorizations (Debit)
Balance December 31, 2017
80030-05
0.00
0.00
0.00
*The full amount of the 2017 appropriation should be transferred to this account unless the balance of 
the appropriation is permitted to lapse.
CAPITAL IMPROVEMENTS AUTHORIZED IN 2017
AND DOWN PAYMENTS (N.J.S. 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 2017 or 
Prior Years
Total
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 51 of 76
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS YEAR – 2017
Debit
Credit
Balance January 1, CY (Credit)
Premium on Sale of Bonds (Credit)
Funded Improvement Authorizations Canceled 
(Credit)
Miscellaneous - Premium on Sale of Serial Bonds 
(Credit)
Appropriated to Finance Improvement 
Authorizations (Debit)
Appropriated to CY Budget Revenue (Debit)
Balance December 31, 2017
80029-04
0.00
0.00
0.00
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, 2017
2.
Amount of Cash in Special Trust Fund as of December 31, 2017(Note A)
3.
Amount of Bonds Issued Under Item 1 
Maturing in 2018
4.
Amount of Interest on Bonds with a
Covenant - 2018 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 
2018 appropriation column.


Page 52 of 76
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 2017 was
5,536,046.88
2. Amount of Item 1 Collected in 2017 (*)
5,198,865.94
3. Seventy (70) percent of Item 1
3,875,232.82
(*) Including prepayments and overpayments applied.
B.
1. Did any maturities of bonded obligations or notes fall due during the year 2017?
Answer YES or NO:
Yes
2. Have payments been made for all bonded obligations or notes due on or before December 
31,2017?
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 2018 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 2016
2. 4% of 2016 Tax Levy for all purposes:
Levy
3. Cash Deficit 2017
4. 4% of 2017 Tax Levy for all purposes:
Levy
0.00
E.
Unpaid
2016
2017
Total
1. State Taxes
$
$
$
2. County Taxes
$
$0.00
$0.00
3. Amounts due Special 
Districts
$
$
$
Amounts due School Districts 
for Local School Tax
$
$711,290.00
$711,290.00


Page 53 of 76


Page 54 of 76
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 55 of 76
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8
Post Closing
Trial Balance -  Utility Fund
AS OF DECEMBER 31, 
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
Debit
Credit
Utility Operating Fund
Cash Liabilities
Subtotal Cash Liabilities
Receivables Offset with Reserves
Total Operating Fund


Page 56 of 76
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8
Post Closing
Trial Balance -  Utility Fund
AS OF DECEMBER 31, 
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
Debit
Credit
Utilities Capital Fund
Total Capital Fund


Page 57 of 76
Post-Closing Trial Balance
 Utility Assessment Trust Funds
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS OF DECEMBER 31, 
Title of Account
Debit
Credit
Total Trust Assessment Fund
 


Page 58 of 76
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 59 of 76
Schedule of  Utility Budget - 
Budget Revenues
Source
Budget
Received in Cash
Excess or Deficit
Operating Surplus Anticipated                                      91301
Operating Surplus Anticipated with Consent of 
Director of Local Govt. Services
91302
Rents
91303
Miscellaneous Revenue Anticipated
91304
Miscellaneous 
Added by N.J.S. 40A:4-87: (List)
Subtotal Additional Miscellaneous Revenues
Subtotal
Deficit (General Budget)
91306
91307
Statement of Budget Appropriations
Appropriations
Total Appropriations
Add: Overexpenditures
Total Overexpenditures
Total Appropriations & Overexpenditures 


Page 60 of 76
Deduct Expenditures
Surplus
Total Surplus
Total Expenditure & Surplus
Unexpended Balance Cancelled 


Page 61 of 76
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 62 of 76
  Appropriation Reserves Canceled in 
Less: Anticipated Deficit in  Budget - Amount Received and Due from Current Fund - If none, 
check "None" ☐ 
*Excess (Revenue Realized)


Page 63 of 76
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 #


Page 64 of 76
Total Other Assets


Page 65 of 76
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 66 of 76
Deferred Charges
- Mandatory Charges Only -
 Utility Fund
(Do not include the emergency authorizations pursuant to N.J.S. 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. 40A:4-47 Which Have Been
Funded or Refunded Under N.J.S. 40A:2-3 OR N.J.S. 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 
$


Page 67 of 76
Schedule of Bonds Issued and Outstanding
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 68 of 76
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 69 of 76
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 70 of 76
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 71 of 76
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 72 of 76
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 73 of 76
 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 74 of 76
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 75 of 76


Page 76 of 76

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