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Executive Summary
This document is an audit report for the Township of Mannington, County of Salem, New Jersey, for the year ended December 31, 2019. The report includes an independent auditor's report, statements of assets, liabilities, reserves and fund balances, statements of operations and changes in fund balance, statements of revenues and expenditures, and notes to the financial statements. The audit was conducted in accordance with auditing standards generally accepted in the United States of America and in compliance with audit requirements as prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The report also includes a schedule of findings and recommendations and a summary schedule of prior year audit findings and recommendations.
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Document Text
--- Document: 2019 Audit Report Document ---
TOWNSHIP OF MANNINGTON
COUNTY OF SALEM
REPORT OF AUDIT
FOR THE YEAR ENDED DECEMBER 31, 2019
i
16700
TOWNSHIP OF MANNINGTON
TABLE OF CONTENTS
Exhibit No.
Page No.
PART 1
Independent Auditor's Report
2
Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed
In Accordance With Government Auditing Standards –
Independent Auditors Report
5
CURRENT FUND
A
Statements of Assets, Liabilities and Reserves and Fund Balances--
Regulatory Basis
7
A-1
Statements of Operations and Changes in Fund Balance--
Regulatory Basis
9
A-2
Statement of Revenues--Regulatory Basis
10
A-3
Statement of Expenditures--Regulatory Basis
12
TRUST FUND
B
Statements of Assets, Liabilities and Reserves--Regulatory Basis
16
B-1
Trust--Municipal Open Space Fund--Statement of Revenues--Regulatory Basis
18
B-2
Trust--Municipal Open Space Fund--Statement of Expenditures--Regulatory Basis
19
GENERAL CAPITAL FUND
C
Statements of Assets, Liabilities and Reserves--Regulatory Basis
20
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
F
Statement of General Fixed Assets Group of Accounts--Regulatory Basis
21
Notes to Financial Statements
22
SUPPLEMENTAL EXHIBITS
CURRENT FUND
SA-1
Statement of Current Cash
43
SA-2
Statement of Taxes Receivable and Analysis of Property Tax Levy
44
SA-3
Statement of Tax Title Liens
45
SA-4
Statement of Due State of New Jersey--Senior Citizens' and Veterans'
Deductions
46
SA-5
Statement of Revenue Accounts Receivable
47
SA-6
Statement of Appropriation Reserves
48
SA-7
Statement of Prepaid Taxes
50
SA-8
Statement of Due County Taxes
50
SA-9
Statement of Local School District Tax
51
SA-10
Federal and State Grant Fund--Statement of Due from Current Fund
51
ii
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TOWNSHIP OF MANNINGTON
TABLE OF CONTENTS (CONT'D)
Exhibit No.
Page No.
CURRENT FUND (CONT’D)
SA-11
Federal and State Grant Fund--Statement of Local and State Grants Receivable
52
SA-12
Federal and State Grant Fund--Statement of Reserve for Local and State Grants-
Appropriated
53
TRUST FUND
SB-1
Statement of Trust Cash
55
SB-2
Trust--Animal Control Fund--Statement of Reserve for Animal Control
Fund Expenditures
56
SB-3
Trust--Animal Control Fund--Statement of Due to State of New Jersey
57
SB-4
Trust--Municipal Open Space Fund--Statement of Reserve for Future Use
57
SB-5
Trust--Other Funds--Statement of Changes in Reserves
58
GENERAL CAPITAL FUND
SC-1
Statement of General Capital Cash
60
SC-2
Analysis of General Capital Cash
61
SC-3
Statement of Deferred Charges to Future Taxation--Unfunded
62
SC-4
Statement of Improvement Authorizations
63
SC-5
Statement of Capital Improvement Fund
64
SC-6
Schedule of Bonds and Notes Authorized But Not Issued
65
PART 2
SCHEDULE OF FINDINGS AND RECOMMENDATIONS
Schedule of Financial Statement Findings
67
Summary Schedule of Prior Year Audit Findings and Recommendations
As Prepared by Management
68
OFFICIALS IN OFFICE AND SURETY BONDS
69
APPRECIATION
70
TOWNSHIP OF MANNINGTON
PART 1
REPORT OF AUDIT OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2019
-1-
INDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and
Members of the Township Committee
Township of Mannington
Mannington, New Jersey 08079
Report on the Financial Statements
We have audited the accompanying statements of assets, liabilities, reserves and fund balance - regulatory basis
of the various funds of the Township of Mannington, in the County of Salem, State of New Jersey, as of
December 31, 2019 and 2018, and the related statements of operations and changes in fund balance - regulatory
basis for the years then ended, and the related statement of revenues - regulatory basis, statement of
expenditures - regulatory basis, and statement of general fixed asset group of accounts - regulatory basis for the
year ended December 31, 2019, and the related notes to the financial statements, which collectively comprise the
Township’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance
with the financial reporting provisions of the Division of Local Government Services, Department of Community
Affairs, State of New Jersey; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our
audit in accordance with auditing standards generally accepted in the United States of America; the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of
the United States; and in compliance with audit requirements as prescribed by the Division of Local Government
Services, Department of Community Affairs, State of New Jersey. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no
such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinions.
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6 North Broad Street I Suite 201 I Woodbury, NJ 08096 I P 856.853-0440 IF 856.845-4128 I www.bowmanllp.com
16700
Opinions
Basis for Adverse Opinion on Accounting Principles Generally Accepted in the United States of America
As described in note 1 to the financial statements, the financial statements are prepared by the Township on the
basis of the financial reporting provisions of the Division of Local Government Services, Department of
Community Affairs, State of New Jersey, which is a basis of accounting other than accounting principles generally
accepted in the United States of America, to meet the requirements of the State of New Jersey.
The effects on the financial statements of the variances between the regulatory basis of accounting described in
note 1 and accounting principles generally accepted in the United States of America, although not reasonably
determinable, are presumed to be material.
Adverse Opinion on Accounting Principles Generally Accepted in the United States of America
In our opinion, because of the significance of the matter discussed in the “Basis for Adverse Opinion on
Accounting Principles Generally Accepted in the United States of America” paragraph, the financial statements
referred to above do not present fairly, in accordance with accounting principles generally accepted in the United
States of America, the financial position of the Township of Mannington, in the County of Salem, State of New
Jersey, as of December 31, 2019 and 2018, or the results of its operations and changes in fund balance for the
years then ended.
Opinion on Regulatory Basis of Accounting
In our opinion, the financial statements referred to previously present fairly, in all material respects, the assets,
liabilities, reserves and fund balance - regulatory basis of the various funds of the Township of Mannington, in the
County of Salem, State of New Jersey, as of December 31, 2019 and 2018, and the results of its operations and
changes in fund balance - regulatory basis of such funds for the years then ended, and the revenues - regulatory
basis and expenditures - regulatory basis of the various funds, and general fixed asset group of accounts -
regulatory basis, for the year ended December 31, 2019, in conformity with accounting principles and practices
prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey,
as described in note 1.
Other Matters
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise
the Township’s basic financial statements. The supplemental statements and schedules presented for the
various funds, as listed in the table of contents, are presented for purposes of additional analysis as required by
the Division of Local Government Services, Department of Community Affairs, State of New Jersey, and are not a
required part of the basic financial statements.
The supplemental statements and schedules presented for the various funds are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records used to
prepare the basic financial statements. Such information has been subjected to the auditing procedures applied
in the audit of the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare the basic
financial statements or to the basic financial statements themselves, and other additional procedures in
accordance with auditing standards generally accepted in the United States of America.
In our opinion, the
supplemental statements and schedules described in the previous paragraph are fairly stated, in all material
respects, in relation to the basic financial statements as a whole.
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Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated August 31, 2020 on
our consideration of the Township of Mannington, in the County of Salem, State of New Jersey, internal control
over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts,
and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing
of internal control over financial reporting and compliance and the results of that testing, and not to provide an
opinion on the effectiveness of the Township of Mannington’s internal control over financial reporting or on
compliance. That report is an integral part of an audit performed in accordance with Government Auditing
Standards in considering the Township of Mannington’s internal control over financial reporting and compliance.
Respectfully submitted,
BOWMAN & COMPANY LLP
Certified Public Accountants
& Consultants
Fred S. Caltabiano
Certified Public Accountant
Registered Municipal Accountant
Woodbury, New Jersey
August 31, 2020
-4-
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE
AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
INDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and
Members of the Township Committee
Township of Mannington
Mannington, New Jersey 08079
We have audited, in accordance with the auditing standards generally accepted in the United States of America;
the standards applicable to financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States; and the audit requirements as prescribed by the Division of Local
Government Services, Department of Community Affairs, State of New Jersey, the financial statements prepared
on a regulatory basis of accounting prescribed by the Division of Local Government Services, Department of
Community Affairs, State of New Jersey, of the Township of Mannington, in the County of Salem, State of New
Jersey, as of and for the year ended December 31, 2019, and the related notes to the financial statements, which
collectively comprise the Township’s basic financial statements, and have issued our report thereon dated August
31, 2020. That report indicated that the Township of Mannington's financial statements were not prepared in
accordance with accounting principles generally accepted in the United States of America, but were prepared on
a regulatory basis of accounting prescribed by the Division of Local Government Services, Department of
Community Affairs, State of New Jersey.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the Township of Mannington's
internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in
the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose
of expressing an opinion on the effectiveness of the Township of Mannington's internal control. Accordingly, we
do not express an opinion on the effectiveness of the Township of Mannington's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal
control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements
will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough
to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal
control that we consider to be material weaknesses. However, material weaknesses may exist that have not
been identified.
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6 North Broad Street I Suite 201 I Woodbury, NJ 08096 I P 856.853-0440 IF 856.845-4128 I www.bowmanllp.com
16700
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Township of Mannington's financial statements are
free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts.
However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of
our tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards, and audit requirements as prescribed by the Division of Local Government
Services, Department of Community Affairs, State of New Jersey.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the
results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on
compliance. This report is an integral part of an audit performed in accordance with Government Auditing
Standards and audit requirements as prescribed by the Division of Local Government Services, Department of
Community Affairs, State of New Jersey, in considering the Township’s internal control and compliance.
Accordingly, this communication is not suitable for any other purpose.
Respectfully submitted,
BOWMAN & COMPANY LLP
Certified Public Accountants
& Consultants
Fred S. Caltabiano
Certified Public Accountant
Registered Municipal Accountant
Woodbury, New Jersey
August 31, 2020
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Exhibit A
Ref.
2019
2018
ASSETS:
Regular Fund:
Cash - Treasurer
SA-1
1,859,503.60
$
1,838,604.87
$
Cash - Tax Collector
SA-1
207.86
Cash Change Funds
A
300.00
300.00
1,859,803.60
1,839,112.73
Receivables and Other Assets with Full Reserves:
Delinquent Property Taxes Receivable
SA-2
232,627.24
237,576.67
Tax Title Liens
SA-3
395,417.84
322,208.87
Foreclosed Property
A
985,300.00
985,300.00
Due from Trust -- Other Funds - Escrow Deposits/
Performance Bonds
A
308.25
308.25
Due from Trust -- Other Funds - Payroll Withholdings
A
4,500.00
4,500.00
Due from Trust -- Tax Title Lien Redemption
SB-1
4.66
1,618,157.99
1,549,893.79
Total Regular Fund
3,477,961.59
3,389,006.52
Federal and State Grant Fund:
Due from Current Fund
SA-10
28,158.66
26,413.67
Grants Receivable
SA-11
17,767.19
17,223.53
Total Federal and State Grant Fund
45,925.85
43,637.20
3,523,887.44
$
3,432,643.72
$
(Continued)
As of December 31, 2019 and 2018
TOWNSHIP OF MANNINGTON
Statements of Assets, Liabilities, Reserves and Fund Balance -- Regulatory Basis
CURRENT FUND
-7-
16700
Exhibit A
Ref.
2019
2018
As of December 31, 2019 and 2018
TOWNSHIP OF MANNINGTON
Statements of Assets, Liabilities, Reserves and Fund Balance -- Regulatory Basis
CURRENT FUND
LIABILITIES, RESERVES AND FUND BALANCE:
Regular Fund:
Liabilities:
Appropriation Reserves
A-3, SA-6
103,303.29
$
174,163.13
$
Reserve for Encumbrances
A-3, SA-6
16,208.40
18,115.08
Accounts Payable
SA-1, A-1
39,172.29
41,431.00
Prepaid Taxes
SA-7
95,642.54
106,345.46
Due to State of New Jersey
SA-4
708.90
458.90
Due to Federal and State Grant Fund
SA-10
28,158.66
26,413.67
Due to General Capital Fund
A
1,059.18
1,059.18
Local District School Tax Payable
SA-9
784,144.00
736,290.00
Reserve for Legal Costs - Tax Appeals
A
1,032.62
1,032.62
Reserve for Codification of Ordinances
A
4,922.76
4,922.76
Reserve for Master Plan
SA-1
106,242.08
119,109.00
1,180,594.72
1,229,340.80
Reserves for Receivables and Other Assets
A
1,618,157.99
1,549,893.79
Fund Balance
A-1
679,208.88
609,771.93
Total Regular Fund
3,477,961.59
3,389,006.52
Federal and State Grant Fund:
Appropriated Reserves
SA-12
45,925.85
43,637.20
Total Federal and State Grant Fund
45,925.85
43,637.20
3,523,887.44
$
3,432,643.72
$
The accompanying Notes to Financial Statements are an integral part of this statement.
-8-
16700
Exhibit A-1
2019
2018
Revenue and Other Income Realized:
Fund Balance Anticipated
285,500.00
$
260,000.00
$
Miscellaneous Revenues Anticipated
385,043.59
378,436.75
Receipts from Delinquent Taxes and Tax Title Liens
218,206.47
265,506.41
Receipts from Current Taxes
5,587,562.96
5,298,295.46
Non-Budget Revenue
37,617.32
34,711.49
Other Credits to Income:
Canceled Accounts Payable
16,380.00
Unexpended Balance of Appropriation Reserves
134,063.65
108,087.80
Total Income
6,664,373.99
6,345,037.91
Expenditures:
Budget Appropriations:
Within "CAPS":
Operations:
Salaries and Wages
324,320.00
317,600.00
Other Expenses
387,530.00
407,599.00
Deferred Charges and Statutory Expenditures
57,987.00
48,507.00
Excluded from "CAPS":
Operations:
Other Expenses
134,185.49
139,340.30
Capital Improvements
56,000.00
31,000.00
County Taxes
2,350,583.94
2,192,537.35
Local School District
2,960,359.00
2,840,727.00
Local Open Space Tax
37,971.61
37,895.94
Prior Year Senior/Veteran Deduction Disallowed
500.00
Total Expenditures
6,309,437.04
6,015,206.59
Statutory Excess of Fund Balance
354,936.95
329,831.32
Fund Balance January 1
609,771.93
539,940.61
964,708.88
869,771.93
Decreased by:
Utilization as Anticipated Revenue
285,500.00
260,000.00
Fund Balance December 31
679,208.88
$
609,771.93
$
The accompanying Notes to Financial Statements are an integral part of this statement.
For the Years Ended December 31, 2019 and 2018
Statements of Operations and Changes in Fund Balance -- Regulatory Basis
TOWNSHIP OF MANNINGTON
CURRENT FUND
-9-
16700
Exhibit A-2
Special N.J.S.
Excess or
Budget
40A: 4-87
Realized
(Deficit)
Surplus Anticipated
285,500.00
$
285,500.00
$
Miscellaneous Revenues
Fines and Costs - Municipal Court
20,000.00
31,340.26
11,340.26
$
Interest and Costs on Taxes
27,000.00
51,740.68
24,740.68
Interest on Investments and Deposits
2,000.00
10,155.16
8,155.16
Energy Receipts Tax (P.L. 1997, Chapters 162 & 167)
272,718.00
272,718.00
Public and Private Revenues Offset
JIF Employee Safety Incentive
2,255.00
$
2,255.00
JIF Optional Safety Grant
750.00
750.00
JIF Wellness
500.00
500.00
JIF EPL/Cyber Risk Management
1,000.00
1,000.00
Clean Communities
9,580.24
9,580.24
Alcohol Education and Rehabilitation Fund
1,125.25
1,125.25
Municipal Alliance
3,879.00
3,879.00
Total Miscellaneous Revenues
327,847.00
12,960.49
385,043.59
44,236.10
Receipts from Delinquent Taxes
97,550.00
218,206.47
120,656.47
Amount to be Raised by Taxes for
Support of Municipal Budget:
Local Tax for Municipal Purposes
including Reserve for Uncollected Taxes
534,963.61
537,447.02
2,483.41
Budget Totals
1,245,860.61
12,960.49
1,426,197.08
167,375.98
Non-Budget Revenue
37,617.32
37,617.32
1,245,860.61
$
12,960.49
$
1,463,814.40
$
204,993.30
$
(Continued)
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Revenues -- Regulatory Basis
For the Year Ended December 31, 2019
Anticipated
-10-
16700
Exhibit A-2
Analysis of Realized Revenue
Allocation of Current Tax Collections:
Revenue from Collections
5,587,562.96
$
Allocated to:
County, Municipal Open Space and School Taxes
5,348,914.55
Amount for Support of Municipal Budget Appropriations
238,648.41
Add: Appropriation "Reserve for Uncollected Taxes"
298,798.61
Amount for Support of Municipal Budget Appropriations
537,447.02
$
Receipts from Delinquent Taxes:
Delinquent Tax Collections
214,292.17
$
Tax Title Lien Collections
3,914.30
218,206.47
$
Analysis of Non-Budget Revenues
Miscellaneous Revenue not Anticipated:
Registrar
23,944.43
$
Street Openings
500.00
Zoning Permits / Applications
1,900.00
Miscellaneous
6,171.00
Vacant Property Registration
2,000.00
Comcast Franchise Fees
3,101.89
Total Non-Budget Revenues
37,617.32
$
The accompanying Notes to Financial Statements are an integral part of this statement.
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Revenues -- Regulatory Basis
For the Year Ended December 31, 2019
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16700
Exhibit A-3
Appropriations
Expended
Unexpended
Budget After
Paid or
Balance
Budget
Modification
Charged
Encumbered
Reserved
Canceled
OPERATIONS -- WITHIN "CAPS"
General Government Functions
Mayor and Township Committee:
Salaries and Wages
20,870.00
$
21,170.00
$
21,107.91
$
62.09
$
Other Expenses
1,000.00
1,000.00
978.74
21.26
Municipal Clerk:
Salaries and Wages
104,250.00
104,250.00
100,672.92
3,577.08
Other Expenses
16,000.00
16,000.00
10,883.83
1,861.01
$
3,255.16
Financial Administration:
Salaries and Wages
27,185.00
27,195.00
27,185.04
9.96
Other Expenses
10,000.00
10,000.00
6,217.19
197.07
3,585.74
Audit Services:
Other Expenses
22,000.00
22,000.00
22,000.00
Data Processing Center:
Other Expenses
7,500.00
8,560.00
7,381.14
1,033.68
145.18
Assessment of Taxes:
Salaries and Wages
20,000.00
20,000.00
18,741.40
1,258.60
Other Expenses
14,150.00
14,150.00
9,613.55
186.00
4,350.45
Collection of Taxes:
Salaries and Wages
23,300.00
23,300.00
18,679.31
4,620.69
Other Expenses
8,200.00
8,200.00
5,733.63
19.72
2,446.65
Liquidation of Tax Title Liens and Foreclosed Property:
Other Expenses
500.00
500.00
500.00
Legal Services and Costs:
Other Expenses
22,500.00
23,000.00
21,362.00
1,638.00
Lawsuit Defense
14,500.00
2,500.00
1,940.00
560.00
Engineering Services and Costs:
Other Expenses
6,000.00
6,000.00
1,670.75
4,329.25
Land Use Administration
Planning Board:
Salaries and Wages
3,965.00
3,975.00
3,965.04
9.96
Other Expenses
5,000.00
5,000.00
1,838.90
3,161.10
Zoning Officer:
Salaries and Wages
5,140.00
5,150.00
5,140.08
9.92
Other Expenses
500.00
500.00
100.00
400.00
Code Enforcement and Administration
Housing Officer:
Salaries and Wages
3,085.00
3,085.00
3,084.96
0.04
Other Expenses
500.00
500.00
100.00
400.00
(Continued)
TOWNSHIP OF MANNINGTON
Statement of Expenditures -- Regulatory Basis
For the Year Ended December 31, 2019
CURRENT FUND
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16700
Exhibit A-3
Appropriations
Expended
Unexpended
Budget After
Paid or
Balance
Budget
Modification
Charged
Encumbered
Reserved
Canceled
TOWNSHIP OF MANNINGTON
Statement of Expenditures -- Regulatory Basis
For the Year Ended December 31, 2019
CURRENT FUND
Insurance
Group Insurance Plans for Employees
19,000.00
$
24,100.00
$
21,678.24
$
108.21
$
2,313.55
$
Joint Insurance Fund - Liability
14,430.00
14,430.00
13,740.86
689.14
Joint Insurance Fund - Workers Compensation
24,050.00
24,050.00
22,908.14
1,141.86
Public Safety Functions
Fire - Other Expenses
13,900.00
13,900.00
6,745.20
7,154.80
Aid to Volunteer Fire Companies
40,000.00
40,000.00
39,000.00
1,000.00
Emergency Management Services:
Salaries and Wages
4,090.00
4,100.00
4,090.08
9.92
Other Expenses
2,000.00
2,000.00
287.80
1,712.20
Public Works
Public Buildings and Grounds:
Salaries and Wages
100.00
100.00
100.00
Other Expenses
15,000.00
18,050.00
13,972.25
3,274.02
803.73
Street and Roads
Road Repair and Maintenance:
Salaries and Wages
105,000.00
105,000.00
90,268.95
14,731.05
Other Expenses
25,000.00
27,500.00
15,048.64
9,494.10
2,957.26
Storm Recovery
Salaries and Wages
5,000.00
5,000.00
5,000.00
Other Expenses
10,000.00
10,000.00
10,000.00
Sanitation
Garbage and Trash Removal
Other Expenses
30,000.00
30,000.00
24,931.40
5,068.60
Health and Welfare
Board of Health:
Salaries and Wages
1,675.00
1,685.00
1,674.96
10.04
Other Expenses
2,500.00
2,500.00
2,141.00
13.59
345.41
Environmental Commission:
Salaries and Wages
300.00
300.00
300.00
Other Expenses
1,000.00
1,000.00
1,000.00
Animal Control:
Other Expenses
4,200.00
4,200.00
2,942.00
1,258.00
Recreation and Education
Recreation Services and Programs:
Other Expenses
1,250.00
190.00
190.00
(Continued)
-13-
16700
Exhibit A-3
Appropriations
Expended
Unexpended
Budget After
Paid or
Balance
Budget
Modification
Charged
Encumbered
Reserved
Canceled
TOWNSHIP OF MANNINGTON
Statement of Expenditures -- Regulatory Basis
For the Year Ended December 31, 2019
CURRENT FUND
Municipal Court
Court Liaison:
Salaries and Wages
10.00
$
10.00
$
10.00
$
Unclassified
Electricity
10,000.00
10,000.00
6,670.35
$
3,329.65
Street Lighting
25,000.00
25,500.00
23,028.26
2,471.74
Telephone
7,200.00
7,200.00
6,518.73
681.27
Fuel Oil
5,000.00
5,000.00
4,026.98
973.02
Gasoline and Diesel Fuel
10,000.00
10,000.00
5,506.76
4,493.24
Total Operations -- Within "CAPS"
711,850.00
711,850.00
608,576.99
16,187.40
$
87,085.61
-
Detail:
Salaries and Wages
323,970.00
324,320.00
299,610.65
-
24,709.35
-
Other Expenses (Including Contingent)
387,880.00
387,530.00
308,966.34
16,187.40
62,376.26
-
DEFERRED CHARGES AND STATUTORY
EXPENDITURES -- WITHIN "CAPS"
Statutory Expenditures
Contribution to:
Public Employees' Retirement System
12,487.00
12,487.00
12,487.00
Social Security System (O.A.S.I.)
24,500.00
24,500.00
22,523.29
1,976.71
Unemployment Compensation
20,000.00
20,000.00
19,247.78
752.22
Defined Contribution Retirement Program
1,000.00
1,000.00
231.00
21.00
748.00
Total Deferred Charges and Statutory
Expenditures -- Municipal -- Within "CAPS"
57,987.00
57,987.00
54,489.07
21.00
3,476.93
-
Total General Appropriations for Municipal
Purposes Within -- "CAPS"
769,837.00
769,837.00
663,066.06
16,208.40
90,562.54
-
OPERATIONS -- EXCLUDED FROM "CAPS"
Recycling Tax Appropriation
1,500.00
1,500.00
1,292.82
207.18
Total Other Operations -- Excluded from "CAPS"
1,500.00
1,500.00
1,292.82
-
207.18
-
Shared Service Agreements
Municipal Court
31,000.00
31,000.00
21,866.43
9,133.57
Trash Collection
72,626.00
72,626.00
72,626.00
Animal Control
9,000.00
9,000.00
5,600.00
3,400.00
Total Shared Service Agreements
112,626.00
112,626.00
100,092.43
-
12,533.57
-
(Continued)
-14-
16700
Exhibit A-3
Appropriations
Expended
Unexpended
Budget After
Paid or
Balance
Budget
Modification
Charged
Encumbered
Reserved
Canceled
TOWNSHIP OF MANNINGTON
Statement of Expenditures -- Regulatory Basis
For the Year Ended December 31, 2019
CURRENT FUND
OPERATIONS -- EXCLUDED FROM "CAPS" (CONT'D)
Public and Private Programs Offset by Revenues
JIF Employee Safety Incentive (NJSA 40A:4-87 $2,255.00)
2,255.00
$
2,255.00
$
JIF Optional Safety Grant
750.00
$
750.00
750.00
JIF Wellness Program
500.00
500.00
500.00
JIF EPL/Cyber Risk Management
1,000.00
1,000.00
1,000.00
Clean Communities (NJSA 40A:4-87 $9,580.24)
9,580.24
9,580.24
Alcohol Education and Rehabilitation Fund (NJSA 40A:4-87 $1,125.25)
1,125.25
1,125.25
Municipal Alliance (NJSA 40A:4-87 $3,879.00)
4,849.00
4,849.00
4,849.00
Total Public and Private Programs Offset by Revenues
7,099.00
20,059.49
20,059.49
-
-
-
Total Operations -- Excluded from "CAPS"
121,225.00
134,185.49
121,444.74
-
12,740.75
$
-
Salaries and Wages
-
-
-
-
-
-
Other Expenses
121,225.00
134,185.49
121,444.74
-
12,740.75
-
CAPITAL IMPROVEMENTS -- EXCLUDED FROM "CAPS"
Farmland Preservation Program
1,000.00
1,000.00
1,000.00
Capital Improvement Fund
55,000.00
55,000.00
55,000.00
Total Capital Improvements -- Excluded from "CAPS"
56,000.00
56,000.00
56,000.00
-
-
-
Total General Appropriations for Municipal Purposes
Excluded from "CAPS"
177,225.00
190,185.49
177,444.74
-
12,740.75
-
Subtotal General Appropriations
947,062.00
960,022.49
840,510.80
16,208.40
$
103,303.29
-
Reserve for Uncollected Taxes
298,798.61
298,798.61
298,798.61
Total
1,245,860.61
$
1,258,821.10
$
1,139,309.41
$
16,208.40
$
103,303.29
$
-
$
Budget
1,245,860.61
$
Appropriation by 40A:4-87
12,960.49
Reserve for Federal and State Grant Fund--Appropriated
20,059.49
$
Reserve for Uncollected Taxes
298,798.61
Cash Disbursed
820,451.31
1,258,821.10
$
1,139,309.41
$
The accompanying Notes to Financial Statements are an integral part of this statement.
-15-
16700
Exhibit B
Ref.
2019
2018
ASSETS:
Animal Control Fund:
Cash
SB-1
3,253.70
$
334.30
$
Total Animal Control Fund
3,253.70
334.30
Municipal Open Space Fund:
Cash
SB-1
88,560.59
60,684.95
Total Municipal Open Space Fund
88,560.59
60,684.95
Other Funds:
Cash
SB-1
161,255.14
122,987.54
Total Other Funds
161,255.14
122,987.54
253,069.43
$
184,006.79
$
(Continued)
TOWNSHIP OF MANNINGTON
TRUST FUNDS
Statements of Assets, Liabilities and Reserves -- Regulatory Basis
As of December 31, 2019 and 2018
-16-
16700
Exhibit B
Ref.
2019
2018
TOWNSHIP OF MANNINGTON
TRUST FUNDS
Statements of Assets, Liabilities and Reserves -- Regulatory Basis
As of December 31, 2019 and 2018
LIABILITIES AND RESERVES:
Animal Control Fund:
Reserve for Animal Control Fund Expenditures
SB-2
3,253.70
$
334.30
$
Total Animal Control Fund
3,253.70
334.30
Municipal Open Space Fund:
Reserve for Future Use
SB-4
88,560.59
60,684.95
Total Municipal Open Space Fund
88,560.59
60,684.95
Other Funds:
Due to Current Fund - Escrow Deposits/Performance Bonds
B
308.25
308.25
Due to Current Fund - Payroll Withholdings
B
4,500.00
4,500.00
Due to Current Fund - Tax Title Lien Redemption
SB-1
4.66
Reserve for:
Escrow Deposits/Performance Bonds
SB-5
53,940.62
41,576.97
Unemployment
SB-5
12,365.56
1,429.02
Tax Title Lien Redemptions
SB-5
(0.00)
4.64
Tax Title Lien Premiums
SB-5
3,050.00
3,050.00
Storm Recovery
SB-5
81,975.60
67,667.29
Veteran's Park
SB-5
629.41
649.41
Payroll Withholdings
SB-5
4,481.04
3,801.96
Total Other Funds
161,255.14
122,987.54
253,069.43
$
184,006.79
$
The accompanying Notes to Financial Statements are an integral part of this statement.
-17-
16700
Exhibit B-1
Anticipated
Excess or
Budget
Realized
(Deficit)
Amount to be Raised by Taxation
37,971.61
$
37,971.61
$
-
$
37,971.61
$
37,971.61
$
-
$
The accompanying Notes to Financial Statements are an integral part of this statement.
TOWNSHIP OF MANNINGTON
Statement of Revenues--Regulatory Basis
For the Year Ended December 31, 2019
TRUST -- MUNICIPAL OPEN SPACE FUND
-18-
16700
Exhibit B-2
Unexpended
Original
Budget After
Paid or
Reserved for
Balance
Budget
Modification
Charged
Future Use
Canceled
Reserve for Future Use
37,971.61
$
37,971.61
$
-
$
37,971.61
$
-
$
37,971.61
$
37,971.61
$
-
$
37,971.61
$
-
$
The accompanying Notes to Financial Statements are an integral part of this statement.
TOWNSHIP OF MANNINGTON
Statement of Expenditures--Regulatory Basis
For the Year Ended December 31, 2019
Expended
TRUST -- MUNICIPAL OPEN SPACE FUND
-19-
16700
Exhibit C
ASSETS:
Ref.
2019
2018
Cash
SC-1
240,483.38
$
256,324.89
$
Due from Current Fund
C
1,059.18
1,059.18
Grant Receivable
C
36,250.00
36,250.00
Deferred Charges to Future Taxation:
Unfunded
SC-3
50,000.00
50,000.00
327,792.56
$
343,634.07
$
LIABILITIES AND RESERVES
AND FUND BALANCE:
Capital Improvement Fund
SC-5
180,250.00
$
125,250.00
$
Improvement Authorizations:
Funded
SC-4
83,985.64
154,381.55
Unfunded
SC-4
50,000.00
50,000.00
Reserve for:
Demolition of Property
C
10,666.00
10,666.00
Purchase of Computer Equipment
C
2,890.92
2,890.92
Building Renovations
SC-1
445.60
327,792.56
$
343,634.07
$
The accompanying Notes to Financial Statements are an integral part of this statement.
As of December 31, 2019 and 2018
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statements of Assets, Liabilities and Reserves -- Regulatory Basis
-20-
16700
Exhibit F
Balance
Balance
ASSETS:
Dec. 31, 2018
Additions
Deletions
Dec. 31, 2019
Land
40,225.00
$
40,225.00
$
Buildings
251,000.00
251,000.00
Equipment
716,482.90
8,840.06
$
725,322.96
1,007,707.90
$
8,840.06
$
-
$
1,016,547.96
$
FUND BALANCE:
Investment in
General Fixed Assets
1,007,707.90
$
8,840.06
$
-
$
1,016,547.96
$
The accompanying Notes to Financial Statements are an integral part of this statement.
TOWNSHIP OF MANNINGTON
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
Statement of General Fixed Assets Group of Accounts - Regulatory Basis
For the Year Ended December 31, 2019
-21-
16700
TOWNSHIP OF MANNINGTON
Notes to Financial Statements
For the Year Ended December 31, 2019
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Description of Financial Reporting Entity - The Township of Mannington (hereafter referred to as the
“Township”) was incorporated by an act of the New Jersey Legislature on February 21, 1798 and is
located in southwest New Jersey approximately twenty-five miles southeast of the City of Philadelphia.
The Township of Mannington covers over 38 square miles and is “the heart of Salem County”. The
Salem River forms Mannington’s border with Carneys Point Township and Pilesgrove Township to the
north, Alloway Township borders to the east, Quinton Township and Salem City to the south, and
Pennsville Township to the west. The western portion, about 3 square miles of the Township, forms the
environmentally important area known as the Mannington Meadow. Most of Mannington’s land mass is
actively involved in agricultural production. The population according to the 2010 census is 1,806.
The Township is represented by a three member Committee elected to three-year terms. These terms
are staggered so that one member’s term expires each year. The Mayor is appointed at the annual
reorganization meeting by the members of the Committee. Executive and administrative responsibility
rests with the Mayor, who is assisted by the Township Administrator.
Component Units - The Township had no component units as defined by Governmental Accounting
Standards Board (GASB) Statement No. 14, The Financial Reporting Entity, as amended.
Measurement Focus, Basis of Accounting and Financial Statement Presentation - The financial
statements of the Township contain all funds and account groups in accordance with the Requirements
of Audit (the “Requirements”) as promulgated by the State of New Jersey, Department of Community
Affairs, Division of Local Government Services. The principles and practices established by the
Requirements are designed primarily for determining compliance with legal provisions and budgetary
restrictions and as a means of reporting on the stewardship of public officials with respect to public
funds. Generally, the financial statements are presented using the flow of current financial resources
measurement focus and modified accrual basis of accounting with minor exceptions as mandated by
these Requirements. In addition, the prescribed accounting principles previously referred to differ in
certain respects from accounting principles generally accepted in the United States of America
applicable to local government units. The more significant differences are explained in this note.
In accordance with the Requirements, the Township accounts for its financial transactions through the
use of separate funds and an account group which are described as follows:
Current Fund - The current fund accounts for resources and expenditures for governmental
operations of a general nature, including federal and state grant funds.
Trust Funds - The various trust funds account for receipts, custodianship, and disbursement of
funds in accordance with the purpose for which each reserve was created.
General Capital Fund - The general capital fund accounts for receipt and disbursement of funds
for the acquisition of general capital facilities, other than those acquired in the current fund.
General Fixed Asset Group of Accounts - The general fixed asset group of accounts is utilized to
account for property,
land, buildings,
and equipment that have been acquired by other
governmental funds.
-22-
16700
Notes to Financial Statements (Cont'd)
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
Budgets and Budgetary Accounting - The Township must adopt an annual budget for its current and
municipal open space trust funds in accordance with N.J.S.A. 40A:4 et seq. N.J.S.A. 40A:4-5 requires
the governing body to introduce and approve the annual municipal budget no later than February 10 of
each year. At introduction, the governing body shall fix the time and place for a public hearing on the
budget and must advertise the time and place at least ten days prior to the hearing in a newspaper
published and circulating in the municipality. The public hearing must not be held less than twenty-eight
days after the date the budget was introduced. After the hearing has been held, the governing body
may, by majority vote, adopt the budget or may amend the budget in accordance with N.J.S.A. 40A:4-9.
Amendments to adopted budgets, if any, are detailed in the statements of revenues and expenditures.
An extension of the statutory dates for introduction, approval, and adoption of the municipal budget may
be granted by the Director of the Division of Local Government Services, with the permission of the
Local Finance Board.
Budgets are adopted on the same basis of accounting utilized for the preparation of the Township's
financial statements.
Cash, Cash Equivalents and Investments - Cash and cash equivalents include petty cash, change
funds and cash on deposit with public depositories. All certificates of deposit are recorded as cash
regardless of the date of maturity. Investments are stated at cost; therefore, unrealized gains or losses
on investments have not been recorded.
New Jersey municipal units are required by N.J.S.A. 40A:5-14 to deposit public funds in a bank or trust
company having its place of business in the State of New Jersey and organized under the laws of the
United States or of the State of New Jersey or in the New Jersey Cash Management Fund. N.J.S.A.
40A:5-15.1 provides a list of investments which may be purchased by New Jersey municipal units. In
addition, other State statutes permit investments in obligations issued by local authorities and other state
agencies.
N.J.S.A. 17:9-41 et seq. establishes the requirements for the security of deposits of governmental units.
The statute requires that no governmental unit shall deposit public funds in a public depository unless
such funds are secured in accordance with the Governmental Unit Deposit Protection Act (“GUDPA”), a
multiple financial institutional collateral pool, which was enacted in 1970 to protect governmental units
from a loss of funds on deposit with a failed banking institution in New Jersey. Public depositories
include State or federally chartered banks, savings banks or associations located in or having a branch
office in the State of New Jersey, the deposits of which are federally insured. All public depositories
must pledge collateral, having a market value at least equal to five percent of the average daily balance
of collected public funds, to secure the deposits of governmental units. If a public depository fails, the
collateral it has pledged, plus the collateral of all other public depositories, is available to pay the amount
of their deposits to the governmental units.
The cash management plan adopted by the Township requires it to deposit funds in public depositories
protected from loss under the provisions of the Act.
Interfunds - Interfund receivables and payables that arise from transactions between funds are
recorded by all funds affected by such transactions in the period in which the transaction is executed.
Interfund receivables in the current fund are recorded with offsetting reserves which are created by
charges to operations. Income is recognized in the year the receivables are liquidated. Interfund
receivables in the other funds are not offset by reserves.
Inventories of Supplies - The costs of inventories of supplies for all funds are recorded as expenditures
at the time individual items are purchased. The costs of inventories are not included on the various
statements of assets, liabilities, reserves and fund balance.
-23-
16700
Notes to Financial Statements (Cont'd)
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
General Fixed Assets - Accounting for governmental fixed assets, as required by N.J.A.C. 5:30-5.6,
differs in certain respects from accounting principles generally accepted in the United States of America.
In accordance with the regulations, all local units, including municipalities, must maintain a general fixed
assets reporting system that establishes and maintains a physical inventory of nonexpendable, tangible
property as defined and limited by the U.S. Office of Management and Budget’s Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Part 200, §200.12), except
that the useful life of such property is at least five years. The Township has adopted a capitalization
threshold of $5,000.00, the maximum amount allowed by the Circular. Generally, assets are valued at
historical cost; however, assets acquired prior to December 31, 1985 are valued at actual historical cost
or estimated historical cost. No depreciation of general fixed assets is recorded. Donated general fixed
assets are recorded at acquisition value as of the date of the transaction. Interest costs relative to the
acquisition of general fixed assets are recorded as expenditures when paid. Public domain
("infrastructure") general fixed assets consisting of certain improvements such as roads, bridges, curbs
and gutters, streets and sidewalks and drainage systems are not capitalized. Expenditures for
construction in progress are recorded in the capital funds until such time as the construction is
completed and put into operation. The Township is required to maintain a subsidiary ledger detailing
fixed assets records to control additions, retirements, and transfers of fixed assets.
In addition, a
statement of general fixed asset group of accounts, reflecting the activity for the year, must be included
in the Township’s basic financial statements.
The regulations require that general fixed assets, whether constructed or acquired through purchase,
grant or gift be included in the aforementioned inventory. In addition, property management standards
must be maintained that include accurate records indicating asset description, source, ownership,
acquisition cost and date, the percentage of Federal participation (if any), and the location, use, and
condition of the asset. Periodically, physical inventories must be taken and reconciled with these
records. Lastly, all fixed assets must be adequately controlled to safeguard against loss, damage, or
theft.
Foreclosed Property - Foreclosed property is recorded in the current fund at the assessed valuation
when such property was acquired and is fully reserved. Ordinarily it is the intention of the municipality to
resell foreclosed property in order to recover all or a portion of the delinquent taxes or assessments and
to return the property to a taxpaying basis. For this reason the value of foreclosed property has not been
included in the general fixed asset group of accounts. If such property is converted to a municipal use, it
will be recorded in the general fixed asset group of accounts.
Deferred Charges - The recognition of certain expenditures is deferred to future periods. These
expenditures, or deferred charges, are generally overexpenditures of legally adopted
budget
appropriations or emergency appropriations made in accordance with N.J.S.A. 40A:4-46 et seq.
Deferred charges are subsequently raised as items of appropriation in budgets of succeeding years.
Liens Sold for Other Governmental Units - Liens sold on behalf of other governmental units are not
recorded on the records of the tax collector until such liens are collected. Upon their collection, such
liens are recorded as a liability due to the governmental unit net of the costs of the initial sale. The
related costs of sale are recognized as revenue when received.
Fund Balance - Fund balances included in the current fund represent amounts available for anticipation
as revenue in future years’ budgets, with certain restrictions.
Revenues - Revenues are recorded when received in cash except for certain amounts which are due
from other governmental units. Revenue from federal and state grants is realized when anticipated as
such in the Township’s budget. Receivables for property taxes are recorded with offsetting reserves on
the statement of assets, liabilities, reserves and fund balance of the Township's current fund;
accordingly, such amounts are not recorded as revenue until collected. Other amounts that are due to
the Township which are susceptible to accrual are also recorded as receivables with offsetting reserves
and recorded as revenue when received.
-24-
16700
Notes to Financial Statements (Cont'd)
Note 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D)
Property Tax Revenues - Property tax revenues are collected in quarterly installments due February 1,
May 1, August 1, and November 1. The amount of tax levied includes not only the amount required in
support of the Township's annual budget, but also the amounts required in support of the budgets of the
County of Salem and the Township of Mannington School District. Unpaid property taxes are subject to
tax sale in accordance with the statutes.
School Taxes - The Township is responsible for levying, collecting, and remitting school taxes for the
Township of Mannington School District. Operations is charged for the full amount required to be raised
from taxation to operate the local school district for the period from July 1 to June 30, increased by the
amount deferred at December 31, 2018 and decreased by the amount deferred at December 31, 2019.
County Taxes - The municipality is responsible for levying, collecting, and remitting county taxes for the
County of Salem. County taxes are determined on a calendar year by the County Board of Taxation
based upon the ratables required to be certified to them on January 10 of each year. Operations is
charged for the amount due to the County for the year, based upon the ratables required to be certified
to the County Board of Taxation by January 10 of the current year. In addition, operations is charged for
the County share of added and omitted taxes certified to the County Board of Taxation by October 10 of
the current year, and due to be paid to the County by February 15 of the following year.
Reserve for Uncollected Taxes - The inclusion of the "reserve for uncollected taxes" appropriation in
the Township's annual budget protects the Township from taxes not paid currently. The reserve, the
minimum amount of which is determined on the percentage of collections experienced in the immediate
preceding year, with certain exceptions, is required to provide assurance that cash collected in the
current year will provide sufficient cash flow to meet expected obligations.
Expenditures - Expenditures are recorded on the "budgetary" basis of accounting. Generally,
expenditures are recorded when paid. However, for charges to amounts appropriated for “other
expenses”, an amount is encumbered through the issuance of a numerically controlled purchase order
or when a contract is executed in accordance with N.J.A.C. 5:30-5.2. When encumbered charges are
paid, the amount encumbered is simultaneously liquidated in its original amount. Encumbrances are
offset by an account entitled reserve for encumbrances. The reserve is classified as a cash liability
under New Jersey municipal accounting. At December 31, this reserve represents the portion of
appropriation reserves that has been encumbered and is subject to the same statutory provisions as
appropriation reserves.
Appropriations for principal and interest payments on outstanding general capital bonds and notes are
provided on the cash basis.
Appropriation Reserves - Appropriation reserves covering unexpended appropriation balances are
automatically created at year-end and recorded as liabilities, except for amounts which may be canceled
by the governing body. Appropriation reserves are available, until lapsed at the close of the succeeding
year, to meet specific claims, commitments, or contracts incurred during the preceding year. Lapsed
appropriation reserves are recorded as income.
Long-Term Debt - Long-term debt, relative to the acquisition of capital assets, is recorded as a liability
in the general capital fund. Where an improvement is a “local Improvement”, i.e. assessable upon
completion, long-term debt associated with that portion of the cost of the improvement to be funded by
assessments is transferred to the trust fund upon the confirmation of the assessments or when the
improvement is fully and permanently funded.
Compensated Absences and Postemployment Benefits - Compensated absences for vacation, sick
leave and other compensated absences are recorded and provided for in the annual budget in the year
in which they are paid, on a pay-as-you-go basis. Likewise, no accrual is made for postemployment
benefits, if any, which are also funded on a pay-as-you-go basis.
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Notes to Financial Statements (Cont'd)
Note 2: CASH AND CASH EQUIVALENTS
Custodial Credit Risk Related to Deposits - Custodial credit risk is the risk that, in the event of a bank
failure, the Township’s deposits might not be recovered. Although the Township does not have a formal
policy regarding custodial credit risk, N.J.S.A. 17:9-41 et seq. requires that governmental units shall
deposit public funds in public depositories protected from loss under the provisions of the Governmental
Unit Deposit Protection Act (GUDPA). Under the Act, the first $250,000.00 of governmental deposits in
each insured depository is protected by the Federal Deposit Insurance Corporation (FDIC). Public funds
owned by the municipality in excess of FDIC insured amounts are protected by GUDPA. However,
GUDPA does not protect intermingled agency funds such as salary withholdings, bail funds, or funds
that may pass to the municipality relative to the happening of a future condition. Such funds are
classified as uninsured and uncollateralized.
As of December 31, 2019, the Township’s bank balances of $2,341,257.47 were insured by FDIC and
GUDPA.
Note 3: PROPERTY TAXES
The following is a five-year comparison of certain statistical information relative to property taxes and
property tax collections for the current and previous four calendar years:
Comparative Schedule of Tax Rates
Year Ended
2019
2018
2017
2016
2015
Tax Rate
3.096
$
2.954
$
2.875
$
2.729
$
2.523
$
Apportionment of Tax Rate:
Municipal
.281
$
.282
$
.282
$
.281
$
.281
$
Municipal Open Space
.020
.020
.020
.020
.020
County (Including Open Space)
1.235
1.153
1.128
1.082
.949
Local School
1.560
1.499
1.445
1.346
1.273
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Notes to Financial Statements (Cont'd)
Note 3: PROPERTY TAXES (CONT’D)
Five-year comparison of certain statistical information relative to property taxes and property tax
collections for the current and previous four calendar years (cont’d):
Assessed Valuation
Year
Amount
2019
189,858,035.00
$
2018
189,479,704.00
2017
192,294,927.00
2016
213,068,446.00
2015
214,884,500.00
Comparison of Tax Levies and Collections
Percentage
Year
Tax Levy
Collections
of Collections
2019
5,897,324.47
$
5,587,562.96
$
94.75%
2018
5,621,177.84
5,298,295.46
94.26%
2017
5,536,046.88
5,198,865.94
93.91%
2016
5,820,897.77
5,539,095.76
95.16%
2015
5,433,302.72
5,199,073.57
95.69%
Delinquent Taxes and Tax Title Liens
Tax Title
Delinquent
Total
Percentage
Year
Liens
Taxes
Delinquent
of Tax Levy
2019
395,417.84
$
232,627.24
$
628,045.08
$
10.65%
2018
322,208.87
237,576.67
559,785.54
9.96%
2017
254,522.85
262,297.89
516,820.74
9.34%
2016
283,940.00
236,975.90
520,915.90
8.95%
2015
233,949.94
190,118.86
424,068.80
7.80%
The following comparison is made of the number of tax title liens receivable on December 31 for the
current and previous four calendar years:
Year
Number
2019
75
2018
76
2017
68
2016
78
2015
75
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16700
Notes to Financial Statements (Cont'd)
Note 4: PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION
The value of property acquired by liquidation of tax title liens on December 31, on the basis of the last
assessed valuation of such properties, for the current and previous four years was as follows:
Year
Amount
2019
985,300.00
$
2018
985,300.00
2017
985,300.00
2016
421,000.00
2015
421,000.00
Note 5: FUND BALANCES APPROPRIATED
The following schedules detail the amount of fund balances available at the end of the current year and
four previous years and the amounts utilized in the subsequent year's budgets:
Current Fund
Utilized in
Percentage
Balance
Budget of
of Fund
Year
December 31,
Succeeding Year
Balance Used
2019
679,208.88
$
303,000.00
$
44.61%
2018
609,771.93
285,500.00
46.82%
2017
539,940.61
260,000.00
48.15%
2016
1,088,479.86
769,000.00
70.65%
2015
1,106,304.23
210,000.00
18.98%
Note 6: INTERFUND RECEIVABLES AND PAYABLES
The following interfund balances were recorded on the various statements of assets, liabilities,
reserves and fund balance as of December 31, 2019:
Interfunds
Interfunds
Fund
Receivable
Payable
Current
4,812.91
$
29,217.84
$
Federal and State Grant
28,158.66
Trust - Other
4,812.91
General Capital
1,059.18
34,030.75
$
34,030.75
$
The interfund receivables and payables above predominately resulted from collections and payments
made by certain funds on behalf of other funds. During the year 2020, the Township expects to liquidate
such interfunds, depending upon the availability of cash flow.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN
A substantial number of the Township's employees participate in the Public Employees' Retirement
System (“PERS”), a defined benefit pension plan which is administered by the New Jersey Division of
Pensions and Benefits. The plan has a Board of Trustees that is primarily responsible for its
administration. The Division issues a publicly available financial report that includes financial
statements, required supplementary information and detailed information about the PERS plan’s
fiduciary net position which can be obtained by writing to or at the following website:
State of New Jersey
Division of Pensions and Benefits
P.O. Box 295
Trenton, New Jersey 08625-0295
https://www.state.nj.us/treasury/pensions/financial-reports.shtml
General Information about the Pension Plan
Plan Description
Public Employees' Retirement System - The Public Employees' Retirement System is a cost-
sharing multiple-employer defined benefit pension plan which was established as of January 1,
1955, under the provisions of N.J.S.A. 43:15A. The PERS’s designated purpose is to provide
retirement, death, disability and medical benefits to certain qualified members. Membership in the
PERS is mandatory for substantially all full-time employees of the Township, provided the employee
is not required to be a member of another state-administered retirement system or other state
pensions fund or local jurisdiction’s pension fund. The PERS’s Board of Trustees is primarily
responsible for the administration of the PERS.
Vesting and Benefit Provisions
Public Employees’ Retirement System - The vesting and benefit provisions are set by N.J.S.A.
43:15A. The PERS provides retirement, death and disability benefits. All benefits vest after 10
years of service, except for medical benefits, which vest after 25 years of service or under the
disability provisions of the PERS.
The following represents the membership tiers for PERS:
Tier Definition
1
Members who were enrolled prior to July 1, 2007
2
Members who were eligible to enroll on or after July 1, 2007 and prior to November 2, 2008
3
Members who were eligible to enroll on or after November 2, 2008 and prior to May 21, 2010
4
Members who were eligible to enroll after May 21, 2010 and prior to June 28, 2011
5
Members who were eligible to enroll on or after June 28, 2011
Service retirement benefits of 1/55th of final average salary for each year of service credit is available
to tiers 1 and 2 members upon reaching age 60 and to tier 3 members upon reaching age 62.
Service retirement benefits of 1/60th of final average salary for each year of service credit is available
to tier 4 members upon reaching age 62 and tier 5 members upon reaching age 65. Early retirement
benefits are available to tiers 1 and 2 members before reaching age 60, tiers 3 and 4 with 25 years
or more of service credit before age 62, and tier 5 with 30 or more years of service credit before age
65. Benefits are reduced by a fraction of a percent for each month that a member retires prior to the
age at which a member can receive full early retirement benefits in accordance with their respective
tier. Tier 1 members can receive an unreduced benefit from age 55 to age 60 if they have at least
25 years of service. Deferred retirement is available to members who have at least 10 years of
service credit and have not reached the service retirement age for the respective tier.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
General Information about the Pension Plan (Cont’d)
Contributions
Public Employees’ Retirement System - The contribution policy is set by N.J.S.A. 43:15A and
requires contributions by active members and contributing employers. Pursuant to the provisions of
P.L. 2011, C. 78, the member contribution rate was 7.50% in State fiscal year 2019. The rate for
members who are eligible for the Prosecutors Part of PERS (P.L. 2001, C. 366) was 10.0% in State
fiscal year 2019. Employers' contribution are based on an actuarially determined amount, which
includes the normal cost and unfunded accrued liability.
The Township’s contractually required contribution rate for the year ended December 31, 2019 was
11.01% of the Township’s covered payroll. This amount was actuarially determined as the amount
that, when combined with employee contributions, is expected to finance the costs of benefits
earned by employees during the year, including an additional amount to finance any unfunded
accrued liability.
Based on the most recent PERS measurement date of June 30, 2019, the Township’s contractually
required contribution to the pension plan for the year ended December 31, 2019 is $17,433.00, and
was payable by April 1, 2020. Due to the basis of accounting described in note 1, no liability has
been recorded in the financial statements for this amount. Based on the PERS measurement date
of June 30, 2018, the Township’s contractually required contribution to the pension plan for the year
ended December 31, 2018 was $12,487.00, which was paid on April 1, 2019. Employee
contributions to the plan during the year ended December 31, 2019 were $12,607.98.
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to Pension
Public Employees’ Retirement System - At December 31, 2019, the Township’s proportionate share
of the PERS net pension liability was $322,930.00. The net pension liability was measured as of June
30, 2019, and the total pension liability used to calculate the net pension liability was determined by an
actuarial valuation as of July 1, 2018. The total pension liability was calculated through the use of
updated procedures to roll forward from the actuarial valuation date to the measurement date of June
30, 2019. The Township’s proportion of the net pension liability was based on a projection of the
Township’s long-term share of contributions to the pension plan relative to the projected contributions of
all participating employers, actuarially determined. For the June 30, 2019 measurement date, the
Township’s proportion was .0017922178%, which was an increase of .0005368353% from its proportion
measured as of June 30, 2018.
At December 31, 2019, the Township’s proportionate share of the PERS pension (benefit) expense,
calculated by the plan as of the June 30, 2019 measurement date is $(37,685.00). This (benefit)
expense is not recognized by the Township because of the regulatory basis of accounting as described
in note 1; however, as previously mentioned, for the year ended December 31, 2019, the Township’s
contribution to PERS was $12,487.00, and was paid on April 1, 2019.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to Pension - (Cont’d)
Deferred Outflows of Resources and Deferred Inflows of Resources - At December 31, 2019, the
Township had deferred outflows of resources and deferred inflows of resources related to pension from
the following sources:
Deferred
Deferred
Outflows of
Inflows of
Resources
Resources
Differences between Expected
and Actual Experience
5,796.00
$
1,427.00
$
Changes of Assumptions
32,246.00
112,088.00
Net Difference between Projected
and Actual Earnings on Pension
Plan Investments
-
5,098.00
Changes in Proportion and Differences
between Township Contributions and
Proportionate Share of Contributions
106,581.00
181,572.00
Township Contributions Subsequent to
the Measurement Date
8,717.00
-
153,340.00
$
300,185.00
$
$8,717.00 included in deferred outflows of resources, will be included as a reduction of the net pension
liability in the year ending December 31, 2020. This amount is based on an estimated April 1, 2021
contractually required contribution, prorated from the pension plan measurement date of June 30, 2019
to the Township’s year end of December 31, 2019.
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16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to Pension - (Cont’d)
Deferred Outflows of Resources and Deferred Inflows of Resources (Cont’d) - The Township will
amortize the above other deferred outflow of resources and deferred inflows of resources related to
pension over the following number of years:
Deferred
Deferred
Outflows of
Inflows of
Resources
Resources
Differences between Expected
and Actual Experience
Year of Pension Plan Deferral:
June 30, 2014
-
-
June 30, 2015
5.72
-
June 30, 2016
5.57
-
June 30, 2017
5.48
-
June 30, 2018
-
5.63
June 30, 2019
5.21
-
Changes of Assumptions
Year of Pension Plan Deferral:
June 30, 2014
6.44
-
June 30, 2015
5.72
-
June 30, 2016
5.57
-
June 30, 2017
-
5.48
June 30, 2018
-
5.63
June 30, 2019
-
5.21
Net Difference between Projected
and Actual Earnings on Pension
Plan Investments
Year of Pension Plan Deferral:
June 30, 2014
-
5.00
June 30, 2015
5.00
-
June 30, 2016
5.00
-
June 30, 2017
-
5.00
June 30, 2018
-
5.00
June 30, 2019
-
5.00
Changes in Proportion and Differences
between Township Contributions and
Proportionate Share of Contributions
Year of Pension Plan Deferral:
June 30, 2014
6.44
6.44
June 30, 2015
5.72
5.72
June 30, 2016
5.57
5.57
June 30, 2017
5.48
5.48
June 30, 2018
5.63
5.63
June 30, 2019
5.21
5.21
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows
of Resources Related to Pension - (Cont’d)
Deferred Outflows of Resources and Deferred Inflows of Resources (Cont’d) - Other amounts
included as deferred outflows of resources and deferred inflows of resources related to pension will be
recognized in future periods as follows:
Year Ending
Dec 31,
2020
(50,333.00)
$
2021
(46,746.00)
2022
(45,585.00)
2023
(16,496.00)
2024
3,598.00
(155,562.00)
$
Actuarial Assumptions
The net pension liability was measured as of June 30, 2019, and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of July 1, 2018. The total
pension liability was calculated through the use of updated procedures to roll forward from the actuarial
valuation date to the measurement date of June 30, 2019. This actuarial valuation used the following
actuarial assumptions, applied to all periods included in the measurement:
Inflation Rate:
Price
2.75%
Wage
3.25%
Salary Increases:
Through 2026
2.00% - 6.00% Based on Years of Service
Thereafter
3.00% - 7.00% Based on Years of Service
Investment Rate of Return
7.00%
Period of Actuarial Experience
Study upon which Actuarial
Assumptions were Based
July 1, 2014 - June 30, 2018
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Actuarial Assumptions (Cont’d)
Pre-retirement mortality rates were based on the Pub-2010 General Below-Median Income Employee
mortality table with an 82.2% adjustment for males and 101.4% adjustment for females, and with future
improvement from the base year of 2010 on a generational basis. Post-retirement mortality rates were
based on the Pub-2010 General Below-Median Income Healthy Retiree mortality table with a 91.4%
adjustment for males and 99.7% adjustment for females, and with future improvement from the base
year of 2010 on a generational basis. Disability retirement rates used to value disabled retirees were
based on the Pub-2010 Non-Safety Disabled Retiree mortality table with a 127.7% adjustment for males
and 117.2% adjustment for females, and with future improvement from the base year of 2010 on a
generational basis. Mortality improvement is based on Scale MP-2019.
In accordance with State statute, the long-term expected rate of return on Plan investments (7.00% at
June 30, 2019) is determined by the State Treasurer, after consultation with the Directors of the Division
of Investments and Division of Pensions and Benefits, the board of trustees and the actuaries. The long-
term expected rate of return was determined using a building block method in which best-estimate
ranges of expected future real rates of return (expected returns, net of pension Plan investment expense
and inflation) are developed for each major asset class. These ranges are combined to produce the
long-term expected rate of return by weighting the expected future real rates of return by the target asset
allocation percentage and by adding expected inflation. Best estimates of arithmetic rates of return for
each major asset class included in PERS’ target asset allocation as of June 30, 2019 are summarized in
the following table:
Long-Term
Target
Expected Real
Asset Class
Allocation
Rate of Return
Risk Mitigation Strategies
3.00%
4.67%
Cash Equivalents
5.00%
2.00%
U.S. Treasuries
5.00%
2.68%
Investment Grade Credit
10.00%
4.25%
High Yield
2.00%
5.37%
Private Credit
6.00%
7.92%
Real Assets
2.50%
9.31%
Real Estate
7.50%
8.33%
U.S. Equity
28.00%
8.26%
Non-U.S. Developed Markets Equity
12.50%
9.00%
Emerging Markets Equity
6.50%
11.37%
Private Equity
12.00%
10.85%
100.00%
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Actuarial Assumptions (Cont’d)
Discount Rate - The discount rate used to measure the total pension liability at June 30, 2019 was
6.28%. The single blended discount rate as based on the long-term expected rate of return on pension
Plan investments of 7.00%, and a municipal bond rate of 3.50% as of June 30, 2019, based on the Bond
Buyer Go 20-Bond Municipal Bond Index, which includes tax-exempt general obligation municipal bonds
with an average rating of AA/Aa or higher. The projection of cash flows used to determine the discount
rate assumed that contributions from plan members will be made at the current member contribution
rates and that contributions from employers will be based on 70% of the actuarially determined
contributions for the State employer and 100% of actuarially determined contributions for the local
employers. Based on those assumptions, the Plan’s fiduciary net position was projected to be available
to make projected future benefit payments of current plan members through 2057. Therefore, the long-
term expected rate of return on plan investments was applied to projected benefit payments through
2057 and the municipal bond rate was applied to projected benefit payments after that date in
determining the total pension liability.
Sensitivity of Township’s Proportionate Share of Net Pension Liability to Changes in the
Discount Rate
Public Employees' Retirement System (PERS) - The following presents the Township’s proportionate
share of the net pension liability at June 30, 2019, the Plan’s measurement date, calculated using a
discount rate of 6.28%, as well as what the Township’s proportionate share of the net pension liability
would be if it were calculated using a discount rate that is 1% lower or 1% higher than the current rates
used:
1%
Current
1%
Decrease
Discount Rate
Increase
(5.28%)
(6.28%)
(7.28%)
Township's Proportionate Share
of the Net Pension Liability
407,914.00
$
322,930.00
$
251,320.00
$
Pension Plan Fiduciary Net Position
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows
of resources related to pensions, and pension (benefit) expense, information about the respective
fiduciary net position of the PERS and additions to/deductions from PERS’ respective fiduciary net
position have been determined on the same basis as they are reported by PERS. Accordingly, benefit
payments (including refunds of employee contributions) are recognized when due and payable in
accordance with the benefit terms. Investments are reported at fair value. For additional information
about PERS, please refer to the Plan’s Comprehensive Annual Financial Report (CAFR) which can be
found at https://www.state.nj.us/treasury/pensions/financial-reports.shtml.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Supplementary Pension Information
In accordance with GASB 68, the following information is also presented for the PERS Pension Plan.
These schedules are presented to illustrate the requirements to show information for 10 years; however,
until a full 10-year trend is compiled, this presentation will only include information for those years for
which information is available.
Schedule of the Township’s Proportionate Share of the Net Pension Liability - Public Employees’
Retirement System (PERS) (Last Seven Plan Years)
2019
2018
2017
2016
Township's Proportion of the Net Pension Liability
0.0017922178%
0.0012553825%
0.0023312995%
0.0022690594%
Township's Proportionate Share of the Net Pension Liability
322,930.00
$
247,179.00
$
542,689.00
$
672,030.00
$
Township's Covered Payroll (Plan Measurement Period)
127,360.00
$
88,160.00
$
161,508.00
$
156,100.00
$
Township's Proportionate Share of the Net Pension
Liability as a Percentage of Covered Payroll
253.56%
280.38%
336.01%
430.51%
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
56.27%
53.60%
48.10%
40.14%
2015
2014
2013
Township's Proportion of the Net Pension Liability
0.0022301141%
0.0031783671%
0.0033416964%
Township's Proportionate Share of the Net Pension Liability
500,616.00
$
595,077.00
$
638,665.00
$
Township's Covered Payroll (Plan Measurement Period)
149,236.00
$
189,604.00
$
204,706.00
$
Township's Proportionate Share of the Net Pension
Liability as a Percentage of Covered Payroll
335.45%
313.85%
311.99%
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
47.93%
52.08%
48.72%
Measurement Date Ended June 30,
Measurement Date Ended June 30,
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16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Supplementary Pension Information (Cont’d)
Schedule of the Township’s Contributions - Public Employees’ Retirement System (PERS) (Last
Seven Years)
2019
2018
2017
2016
Township's Contractually Required Contribution
17,433.00
$
12,487.00
$
21,597.00
$
20,158.00
$
Township's Contribution in Relation to the Contractually
Required Contribution
(17,433.00)
(12,487.00)
(21,597.00)
(20,158.00)
Township's Contribution Deficiency (Excess)
-
$
-
$
-
$
-
$
Township's Covered Payroll (Calendar Year)
158,331.00
$
143,155.00
$
119,528.00
$
163,191.00
$
Township's Contributions as a Percentage of
Covered Payroll
11.01%
8.72%
18.07%
12.35%
2015
2014
2013
Township's Contractually Required Contribution
19,173.00
$
26,202.00
$
25,179.00
$
Township's Contribution in Relation to the Contractually
Required Contribution
(19,173.00)
(26,202.00)
(25,179.00)
Township's Contribution Deficiency (Excess)
-
$
-
$
-
$
Township's Covered Payroll (Calendar Year)
156,100.00
$
150,246.00
$
204,645.00
$
Township's Contributions as a Percentage of
Covered Payroll
12.28%
17.44%
12.30%
Year Ended December 31,
Year Ended December 31,
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16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLAN (CONT’D)
Other Notes to Supplementary Pension Information
Public Employees’ Retirement System (PERS)
Changes in Benefit Terms
None
Changes in Assumptions
The Discount Rate changed at June 30th over the following years: 5.39% 2014, 4.90% 2015, 3.98%
2016, 5.00% 2017, 5.66% 2018, and 6.28% 2019.
The Long-term Expected Rate of Return changed at June 30th over the following years: 7.90% 2014 and
2015, 7.65% 2016, 7.00% 2017, 2018 and 2019.
For 2019, the assumed rates of retirement, mortality, salary increases, and inflation were updated based
on the July 1, 2014 - June 30, 2018 Experience Study. For pre-retirement mortality, the Pub-2010
General Below-Median Income Employee mortality table with an 82.2% adjustment for males and
101.4% adjustment for females, and with future improvement from the base year of 2010 on a
generational basis was used. For healthy retirees and beneficiaries, the Pub-2010 General Below-
Median Income Healthy Retiree mortality table with a 91.4% adjustment for males and 99.7% adjustment
for females, and with future improvement from the base year of 2010 on a generational basis was used.
For disabled retiree mortality, the Pub-2010 Non-Safety Disabled Retiree mortality table with a 127.7%
adjustment for males, and a 117.2% adjustment for females, and with future improvement from the base
year of 2010 on a generational basis was used. For mortality improvement, Scale MP-2019 was used.
For 2016, demographic assumptions were revised in accordance with the results of the July 1, 2011 -
June 30, 2014 experience study and the mortality improvement scale incorporated the plan actuary's
modified MP-2014 projection scale. Further, salary increases were assumed to increase between 1.65%
and 4.15% (based on age) through fiscal year 2026 and 2.65% and 5.15% (based on age) for each fiscal
year thereafter.
Note 8: COMPENSATED ABSENCES
Full-time employees are entitled to receive vacation time of one to four weeks, based on length of
service. With the approval of Township Committee, up to five vacation days may be carried over to the
subsequent year. They will not accrue beyond that time.
Full time employees will also be entitled to 9 days of sick leave per calendar year. Any unused days
may be carried over from year to year; however the employee will not be compensated for any unused
days upon termination or retirement.
-38-
16700
Notes to Financial Statements (Cont'd)
Note 9: CAPITAL DEBT
The following schedule represents the Township’s summary of debt for the current and two previous
years:
2019
2018
2017
Issued
General:
Bonds, Loans and Notes
-
$
-
$
40,000.00
$
Authorized but not Issued
General:
Bonds, Loans and Notes
50,000.00
50,000.00
50,000.00
Net Debt
50,000.00
$
50,000.00
$
90,000.00
$
Summary of Statutory Debt Condition - Annual Debt Statement
The summarized statement of debt condition which follows is prepared in accordance with the required
method of setting up the annual debt statement and indicated a statutory net debt of 0.026%.
Gross Debt
Deductions
Net Debt
School Purposes
995,000.00
$
995,000.00
$
General
50,000.00
50,000.00
$
1,045,000.00
$
995,000.00
$
50,000.00
$
Net debt $50,000.00 divided by the equalized valuation basis per N.J.S.A.40A:2-2, as amended,
$193,058,427.33, equals 0.026%.
Borrowing Power Under N.J.S.A. 40A:2-6 as Amended
3 1/2% of Equalized Valuation Basis (Municipal)
6,757,044.96
$
Less: Net Debt
50,000.00
Remaining Borrowing Power
6,707,044.96
$
Note 10: SCHOOL TAXES
Local School tax has been raised and the liability deferred by statutes, resulting in the school tax
payable set forth in the current fund liabilities as follows:
Balance December 31,
2019
2018
Balance of Tax
1,184,144.00
$
1,136,290.00
$
Deferred
400,000.00
400,000.00
784,144.00
$
736,290.00
$
-39-
16700
Notes to Financial Statements (Cont'd)
Note 11: RISK MANAGEMENT
The Township is exposed to various risks of loss related to torts; theft of, damage to, and destruction of
assets; errors and omissions; injuries to employees; and natural disasters.
Property and Liability Insurance - The Township maintains Joint Insurance Fund (JIF) insurance
coverage for property, liability, vehicle, and surety bonds, etc.
New Jersey Unemployment Compensation Insurance - The Township has elected to fund its New
Jersey Unemployment Compensation Insurance under the "Benefit Reimbursement Method". Under this
plan, the Township is required to reimburse the New Jersey Unemployment Trust Fund for benefits paid
to its former employees and charged to its account with the State. The Township is billed quarterly for
amounts due to the State.
The following is a summary of Township contributions, reimbursements to the State for benefits paid and
the ending balance of the Township's trust fund for the current and previous two years:
Township
Interest
Amount
Ending
Year
Contributions
Earnings
Reimbursed
Balance
2019
19,000.00
$
92.16
$
8,155.62
$
12,365.56
$
2018
-
20.93
6,175.98
1,429.02
2017
-
13.69
3,952.98
7,584.07
Joint Insurance Pool - The Township is a member of the Gloucester, Salem, Cumberland Counties
Municipal Joint Insurance Fund. The Fund provides its members with the following coverage:
Workers' Compensation and Employer's Liability
General Liability other than Motor Vehicles
Property Damage other than Motor Vehicles
Automobile Liability and damage
Public Employees Blanket Bond
Contributions to the Fund, including a reserve for contingencies, are based on actuarial assumptions
determined by the Fund's actuary. The Commissioner of Insurance may order additional assessments
to supplement the Fund's claim, loss retention, or administrative accounts to assure the payment of the
Fund's obligations.
Coverage in excess of the Fund’s self-insured retention limits is provided through the Fund’s
membership in the Municipal Excess Liability Joint Insurance Fund.
The Fund publishes its own financial report for the year ended December 31, 2019, which can be
obtained from:
Gloucester, Salem, Cumberland Counties Municipal Joint Insurance Fund
P.O. Box 490
Marlton, New Jersey 08053
-40-
16700
Notes to Financial Statements (Cont'd)
Note 12: OPEN SPACE, RECREATION AND FARMLAND PRESERVATION TRUST
On November 7, 2006 pursuant to P.L. 1997, c. 24 (N.J.S.A. 40:12-15.1 et seq.), the voters of the
Township authorized the establishment of the Township of Mannington Open Space, Recreation and
Farmland Preservation Trust Fund effective January 1, 2007, for the purpose of raising revenue for the
acquisition of lands and interests in lands for the conservation of farmland and open space. Overall, as a
result of the referendum, the Township levies a tax not to exceed two cents per one hundred dollars of
equalized valuation. Amounts raised by taxation are assessed, levied and collected in the same manner
and at the same time as other taxes. Future increases in the tax rate or to extend the authorization must
be authorized by referendum. All revenue received is accounted for in a Trust Fund dedicated by rider
(N.J.S.A. 40A:4-39) for the purposed stated. Interest earned on the investment of these funds is credited
to the Township of Mannington Open Space, Recreation and Farmland Preservation Trust Funds.
Note 13: CONTINGENCIES
Grantor Agencies - Amounts received or receivable from grantor agencies could be subject to audit and
adjustment by grantor agencies. Any disallowed claims, including amounts already collected, may
constitute a liability of the applicable funds. The amount, if any, of expenditures which may be
disallowed by the grantor cannot be determined at this time, although the Township expects such
amount, if any, to be immaterial.
Tax Appeals - As of December 31, 2019, several tax appeals were on file against the Township. Based
upon information provided by the tax assessor, if such appeals are not settled in favor of the Township,
the estimated impact of the tax refunds could be significant.
Note 14: CONCENTRATIONS
The Township depends on financial resources flowing from, or associated with, both the federal
government and the State of New Jersey. As a result of this dependency, the Township is subject to
changes in specific flows of intergovernmental revenues based on modifications to federal and State
laws and federal and State appropriations.
Note 15: SUBSEQUENT EVENTS
The Township is in negotiations for a payment in lieu of taxes (PILOT) with its second largest taxpayer,
former known as Salem Memorial Hospital. The Township’s ability to raise taxes in total will not be
affected, however taxpayers may pay more in taxes because of the decrease in the Township’s total
assessed valuation when the property goes to exempt status.
COVID-19 - On January 30, 2020, the World Health Organization (“WHO”) announced a global health
emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19
outbreak”) and the risks to the international community as the virus spreads globally beyond its point of
origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid
increase in exposure globally.
The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is
uncertain as to the full magnitude that the pandemic will have on the Township’s financial condition,
liquidity, and future results of operations. Management is actively monitoring the global situation on its
financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of
the COVID-19 outbreak and the global responses to curb its spread, the Township is not able to
estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity
for calendar year 2020.
-41-
SUPPLEMENTAL EXHIBITS
CURRENT FUND
-42-
16700
Exhibit SA-1
Balance December 31, 2018
1,838,604.87
$
207.86
$
Increased by Receipts:
From Tax Collector
5,781,285.17
$
Taxes Receivable
47,479.88
5,629,779.79
$
Tax Title Liens
3,914.30
Prepaid Taxes
95,642.54
Senior Citizens' and Veterans' Deductions
18,000.00
Miscellaneous Revenue Anticipated
314,213.42
51,740.68
Miscellaneous Revenue Not Anticipated
37,617.32
Due Federal & State Grant Fund - Grants Receivable
18,545.83
6,217,141.62
5,781,077.31
8,055,746.49
5,781,285.17
Decreased by Disbursements:
To Treasurer
5,781,285.17
Appropriations
820,451.31
Appropriation Reserves
28,214.56
Accounts Payable
15,878.71
County Taxes Payable
2,350,583.94
Local School Taxes Payable
2,912,505.00
Local Open Space Taxes Payable
37,971.61
Due Federal & State Grant Fund
17,770.84
Reserve for Master Plan
12,866.92
6,196,242.89
5,781,285.17
Balance December 31, 2019
1,859,503.60
$
-
$
Treasurer
Regular Fund
Tax Collector
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Current Cash
For the Year Ended December 31, 2019
-43-
16700
Exhibit SA-2
Due from
Adjustments
Balance
2019
Added / Omitted
State of
and
Transferred
Balance
Dec. 31, 2018
Levy
Taxes
2018
2019
New Jersey
Canceled
to Liens
Dec. 31, 2019
237,576.67
$
214,292.17
$
(500.00)
$
(414.21)
$
23,996.40
$
202.31
$
237,576.67
-
-
-
214,292.17
(500.00)
(414.21)
23,996.40
202.31
5,878,047.46
$
19,277.01
$
106,345.46
$
5,462,967.50
18,250.00
24,392.51
52,944.07
232,424.93
237,576.67
$
5,878,047.46
$
19,277.01
$
106,345.46
$
5,677,259.67
$
17,750.00
$
23,978.30
$
76,940.47
$
232,627.24
$
Analysis of Property Tax Levy
Tax Yield:
General Purpose
5,878,047.46
$
Added / Omitted Taxes
19,277.01
5,897,324.47
$
Tax Levy:
Local School Tax
2,960,359.00
$
Municipal Open Space Tax
37,971.61
County Taxes:
County Tax
2,303,397.66
$
County Open Space Tax
39,496.61
Due County for Added and Omitted Taxes
7,689.67
2,350,583.94
Local Tax for Municipal Purposes
534,963.61
Rounding
1,858.97
Add: Added / Omitted Taxes
11,587.34
548,409.92
5,897,324.47
$
2019
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Taxes Receivable and Analysis of Property Tax Levy
For the Year Ended December 31, 2019
Collected
2018
-44-
16700
Exhibit SA-3
Balance December 31, 2018
322,208.87
$
Increased by:
Interest and Costs / Adjustments
182.80
$
Transfers from Taxes Receivable
76,940.47
77,123.27
399,332.14
Decreased by:
Collections
3,914.30
Balance December 31, 2019
395,417.84
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Tax Title Liens
For the Year Ended December 31, 2019
-45-
16700
Exhibit SA-4
Balance December 31, 2018
458.90
$
Increased by:
Cash Received
18,000.00
$
Prior Year Senior Citizens' and Veterans' Deductions
Disallowed by Tax Collector
500.00
18,500.00
18,958.90
Decreased by:
Levy -- Deductions per Tax Billing
18,000.00
$
Senior Citizens' and Veterans' Deductions
Granted by Tax Collector
250.00
18,250.00
Senior Citizens' and Veteran's Deductions
Disallowed by Tax Collector
-
18,250.00
Balance December 31, 2019
708.90
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
For the Year Ended December 31, 2019
Senior Citizens' and Veterans' Deductions
Statement of Due State of New Jersey
-46-
16700
Exhibit SA-5
Balance
Balance
Dec. 31, 2018
Accrued
Collected
Applied
Dec. 31, 2019
Miscellaneous Revenues
Fines and Costs - Municipal Court
31,340.26
$
31,340.26
$
Interest and Costs on Taxes
51,740.68
51,740.68
Interest on Investments and Deposits
10,155.16
10,155.16
Energy Receipts Tax (P.L. 1997, Chapters 162 & 167)
272,718.00
272,718.00
Public and Private Revenues Offset
JIF Employee Safety Incentive
2,255.00
2,255.00
$
JIF Optional Safety Grant
750.00
750.00
JIF Wellness
500.00
500.00
JIF EPL/Cyber Risk Management
1,000.00
1,000.00
Clean Communities
9,580.24
9,580.24
Alcohol Education and Rehabilitation Fund
1,125.25
1,125.25
Municipal Alliance
3,879.00
3,879.00
-
$
385,043.59
$
365,954.10
$
19,089.49
$
-
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Revenue Accounts Receivable
For the Year Ended December 31, 2019
-47-
16700
Statement of Appropriation Reserves
Balance
After
Paid or
Lapsed to
Encumbered
Reserved
Modification
Charged
Fund Balance
OPERATIONS -- WITHIN "CAPS"
General Government Functions
Mayor and Township Committee:
Salaries and Wages
0.08
$
0.08
$
0.08
$
Other Expenses
120.00
$
76.00
196.00
120.00
$
76.00
Municipal Clerk:
Salaries and Wages
3,096.52
3,096.52
3,096.52
Other Expenses
378.17
5,097.74
5,475.91
417.89
5,058.02
Financial Administration:
Salaries and Wages
4.88
4.88
4.88
Other Expenses
102.28
3,715.10
3,817.38
102.28
3,715.10
Audit Services:
Other Expenses
150.00
150.00
150.00
Data Processing Center:
Other Expenses
409.99
851.50
1,261.49
210.00
1,051.49
Assessment of Taxes:
Salaries and Wages
1,895.74
1,895.74
1,895.74
Other Expenses
110.01
5,822.41
5,932.42
386.01
5,546.41
Collection of Taxes:
Salaries and Wages
4,972.75
4,972.75
4,972.75
Other Expenses
5,066.11
5,066.11
27.80
5,038.31
Liquidation of Tax Title Liens
Foreclosed Property:
Other Expenses
9,869.97
9,869.97
9,869.97
Legal Services and Costs:
Other Expenses
693.00
693.00
693.00
Lawsuit Defense
82.50
15,971.75
16,054.25
82.50
15,971.75
Engineering Services and Costs:
Other Expenses
3,900.88
3,900.88
3,900.88
Public Buildings and Grounds:
Salaries and Wages
100.00
100.00
100.00
Other Expenses
8,432.50
398.34
8,830.84
8,460.37
370.47
Land Use Administration
Planning Board:
Salaries and Wages
4.88
4.88
4.88
Other Expenses
4,166.50
4,166.50
4,166.50
Insurance
Group Insurance Plans for Employees
4,040.11
4,040.11
4,040.11
Joint Insurance Fund - Liability
682.84
682.84
682.84
Joint Insurance Fund - Workers Compensation
1,109.16
1,109.16
1,109.16
Public Safety Functions
Fire - Other Expenses
7,154.80
7,154.80
4,818.00
2,336.80
Housing Officer:
Salaries and Wages
1.69
1.69
1.69
Other Expenses
500.00
500.00
500.00
Zoning Officer:
Salaries and Wages
8.41
8.41
8.41
Other Expenses
500.00
500.00
500.00
Emergency Management Services:
Salaries and Wages
4.84
4.84
4.84
Other Expenses
1,505.39
1,505.39
1,505.39
(Continued)
TOWNSHIP OF MANNINGTON
CURRENT FUND
For the Year Ended December 31, 2019
Balance December 31, 2018
Exhibit SA-6
-48-
16700
Statement of Appropriation Reserves
Balance
After
Paid or
Lapsed to
Encumbered
Reserved
Modification
Charged
Fund Balance
TOWNSHIP OF MANNINGTON
CURRENT FUND
For the Year Ended December 31, 2019
Balance December 31, 2018
Exhibit SA-6
Street and Roads
Road Repair and Maintenance:
Salaries and Wages
20,029.76
$
20,029.76
$
20,029.76
$
Other Expenses
5,607.92
$
5,056.81
10,664.73
2,205.80
$
8,458.93
Sanitation
Garbage and Trash Removal
Other Expenses
1,955.24
3,460.97
5,416.21
1,955.24
3,460.97
Health and Welfare
Board of Health:
Salaries and Wages
4.92
4.92
4.92
Other Expenses
291.33
1,683.53
1,974.86
341.33
1,633.53
Animal Control:
Other Expenses
1,658.00
1,658.00
1,658.00
Recreation and Education
Recreation Services and Programs:
Other Expenses
1,250.00
1,250.00
1,250.00
Environmental Commission:
Salaries and Wages
300.00
300.00
300.00
Other Expenses
1,000.00
1,000.00
1,000.00
Court Liaison:
Salaries and Wages
10.00
10.00
10.00
Unclassified
Electricity
2,737.70
2,737.70
575.38
2,162.32
Street Lighting
3,639.09
3,639.09
869.22
2,769.87
Telephone
497.87
1,190.53
1,688.40
497.87
1,190.53
Fuel Oil
3,369.95
3,369.95
311.92
3,058.03
Gasoline and Diesel Fuel
2,118.80
2,118.80
2,118.80
Statutory Expenditures
Contribution to:
Public Employees' Retirement System
0.06
0.06
0.06
Social Security System (O.A.S.I.)
3,129.62
3,129.62
3,129.62
Unemployment Compensation
751.71
751.71
751.71
Defined Contribution Retirement Program
20.41
760.37
780.78
20.41
760.37
OPERATIONS -- EXCLUDED FROM "CAPS"
Recycling Tax Appropriation
106.86
98.42
205.28
106.86
98.42
Shared Service Agreements
Municipal Court
8,351.50
8,351.50
6,705.68
1,645.82
Animal Control
2,200.00
2,200.00
2,200.00
CAPITAL IMPROVEMENTS -- EXCLUDED FROM "CAPS"
Demolition of Foreclosed Property
30,000.00
30,000.00
30,000.00
18,115.08
$
174,163.13
$
192,278.21
$
58,214.56
$
134,063.65
$
-49-
16700
Exhibit SA-7
Statement of Prepaid Taxes
Balance December 31, 2018
106,345.46
$
Increased by:
Collections - 2020 Taxes
95,642.54
201,988.00
Decreased by:
Applied to 2019 Taxes Receivable
106,345.46
Balance December 31, 2019
95,642.54
$
Exhibit SA-8
Increased by:
County General Share of Levy
2,303,397.66
$
County Open Space Preservation Share of Levy
39,496.61
County General Share of Added / Omitted Taxes
7,689.67
2,350,583.94
$
Decreased by:
Disbursements
2,350,583.94
$
CURRENT FUND
For the Year Ended December 31, 2019
TOWNSHIP OF MANNINGTON
For the Year Ended December 31, 2019
CURRENT FUND
Statement of Due County Taxes
-50-
16700
Exhibit SA-9
Balance December 31, 2018
School Tax Payable
736,290.00
$
School Tax Deferred
400,000.00
1,136,290.00
$
Increased by:
Levy - School Year July 1, 2019 to June 30, 2020
2,960,359.00
4,096,649.00
Decreased by:
Disbursements
2,912,505.00
Balance December 31, 2019
School Tax Payable
784,144.00
$
School Tax Deferred
400,000.00
1,184,144.00
$
Exhibit SA-10
Balance December 31, 2018
26,413.67
$
Increased by:
Matching Funds
970.00
$
Collected by Current Fund:
Local and State Grants Receivable
18,545.83
19,515.83
45,929.50
Decreased by:
Disbursed by Current Fund
17,770.84
Balance December 31, 2019
28,158.66
$
Statement of Due from Current Fund
For the Year Ended December 31, 2019
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Local School District Tax
For the Year Ended December 31, 2019
FEDERAL AND STATE GRANT FUND
-51-
16700
Exhibit SA-11
Balance
Revenue
Received by
Balance
Program
Dec. 31, 2018
Anticipated
Current Fund
Dec. 31, 2019
Local Grants:
JIF Safety Reimbursement
704.50
$
704.50
$
JIF Employee Safety Incentive
1,412.09
2,255.00
$
2,255.00
$
1,412.09
JIF Optional Safety Grant
750.00
707.57
42.43
JIF Wellness Program
509.04
500.00
313.92
695.12
JIF Cyber Risk Management
1,000.00
685.86
314.14
Total Local Grants
2,625.63
4,505.00
3,962.35
3,168.28
State Grants:
Clean Communities
9,580.24
9,580.24
Alcohol Education and Rehabilitation Fund
1,125.25
1,125.25
Municipal Alliance
14,597.90
3,879.00
3,877.99
14,598.91
Total State Grants
14,597.90
14,584.49
14,583.48
14,598.91
17,223.53
$
19,089.49
$
18,545.83
$
17,767.19
$
TOWNSHIP OF MANNINGTON
FEDERAL AND STATE GRANT FUND
Statement of Local and State Grants Receivable
For the Year Ended December 31, 2019
-52-
16700
Exhibit SA-12
Transferred
Appropriated
from
Appropriated
Balance
Budget
Cash
Balance
Program
Dec. 31, 2018
Appropriation
Disbursements
Dec. 31, 2019
Local Grants:
JIF Safety Reimbursement
1,940.87
$
1,940.87
$
JIF Employee Safety Incentive
2,039.49
2,255.00
$
1,925.70
$
2,368.79
JIF Optional Safety Grant
750.00
749.52
0.48
JIF Wellness Program
500.00
500.00
JIF Cyber Risk Management
1,000.00
1,000.00
Farmland Preservation
200.00
200.00
Total Local Grants
4,180.36
4,505.00
4,175.22
4,510.14
State Grants:
Clean Communities
13,874.88
9,580.24
9,376.86
14,078.26
Stormwater Grant
1,467.00
1,467.00
Alcohol Education and Rehabilitation Fund
5,532.32
1,125.25
6,657.57
State Police SLA HEOP
3,131.00
3,131.00
Municipal Alliance
15,451.64
4,849.00
4,218.76
16,081.88
Total State Grants
39,456.84
15,554.49
13,595.62
41,415.71
43,637.20
$
20,059.49
$
17,770.84
$
45,925.85
$
Revenue
19,089.49
$
Matching Funds
970.00
20,059.49
$
TOWNSHIP OF MANNINGTON
FEDERAL AND STATE GRANT FUND
Statement of Reserve for Local and State Grants -- Appropriated
For the Year Ended December 31, 2019
-53-
SUPPLEMENTAL EXHIBITS
TRUST FUND
-54-
16700
Exhibit SB-1
Balance December 31, 2018
334.30
$
60,684.95
$
122,987.54
$
Increased by Receipts:
Dog License Fees Collected
9,834.00
$
Due to Current Fund - Interest Earnings
4.66
$
Reserve for:
Municipal Open Space
39,325.64
$
Escrow Deposits/Performance Bonds
110,972.41
Unemployment
19,092.16
Storm Recovery
15,000.00
Payroll Withholdings
317,536.24
9,834.00
39,325.64
462,605.47
10,168.30
100,010.59
585,593.01
Decreased by Disbursements:
Due State Department of Health
809.40
Expenditures Under R.S. 4:19-15.11
6,105.20
Reserve for:
Municipal Open Space
11,450.00
Escrow Deposits/Performance Bonds
98,608.76
Unemployment
8,155.62
Tax Title Lien Redemptions
4.64
Storm Recovery
691.69
Veteran's Park
20.00
Payroll Withholdings
316,857.16
6,914.60
11,450.00
424,337.87
Balance December 31, 2019
3,253.70
$
88,560.59
$
161,255.14
$
Animal Control
Other
TOWNSHIP OF MANNINGTON
TRUST FUNDS
Statement of Trust Cash
For the Year Ended December 31, 2019
Municipal Open Space
-55-
16700
Exhibit SB-2
Balance December 31, 2018
334.30
$
Increased by:
Dog License Fees Collected
9,834.00
10,168.30
Decreased by:
Due to State of New Jersey Board of Health
809.40
$
Expenditures Under R.S.4:19- 15.11
6,105.20
6,914.60
Balance December 31, 2019
3,253.70
$
License Fees Collected
Year
Amount
2018
4,937.00
$
2017
5,548.00
10,485.00
$
TOWNSHIP OF MANNINGTON
TRUST -- ANIMAL CONTROL FUND
Statement of Reserve for Animal Control Fund Expenditures
For the Year Ended December 31, 2019
-56-
16700
Exhibit SB-3
Increased by:
Transferred from Reserve for Dog Fund Expenditures
809.40
$
Decreased by:
Disbursements
809.40
$
Exhibit SB-4
Balance December 31, 2018
60,684.95
$
Increased by:
Amount to be Raised by Taxation
37,971.61
$
Budget Appropriation
1,000.00
Interest Earnings
354.03
39,325.64
100,010.59
Decreased by:
Disbursements
11,450.00
Balance December 31, 2019
88,560.59
$
For the Year Ended December 31, 2019
TOWNSHIP OF MANNINGTON
TRUST -- ANIMAL CONTROL FUND
Statement of Due to State of New Jersey
For the Year Ended December 31, 2019
TRUST -- MUNICIPAL OPEN SPACE FUND
Statement of Reserve for Future Use
-57-
16700
Exhibit SB-5
Increased by
Decreased by
Balance
Balance
Dec. 31, 2018
Receipts
Disbursements
Dec. 31, 2019
Reserve for:
Escrow Deposits/Performance Bonds
41,576.97
$
110,972.41
$
98,608.76
$
53,940.62
$
Unemployment
1,429.02
19,092.16
8,155.62
12,365.56
Tax Title Lien Redemptions
4.64
4.64
(0.00)
Tax Title Lien Premiums
3,050.00
3,050.00
Snow Removal
67,667.29
15,000.00
691.69
81,975.60
Veteran's Park
649.41
20.00
629.41
Payroll Withholdings
3,801.96
317,536.24
316,857.16
4,481.04
118,179.29
$
462,600.81
$
424,337.87
$
156,442.23
$
TOWNSHIP OF MANNINGTON
TRUST -- OTHER FUNDS
Statement of Changes in Reserves
For the Year Ended December 31, 2019
-58-
SUPPLEMENTAL EXHIBITS
GENERAL CAPITAL FUND
-59-
16700
Exhibit SC-1
Balance December 31, 2018
256,324.89
$
Increased by Receipts:
Capital Improvement Fund
55,000.00
311,324.89
Decreased by Disbursements:
Reserve for Building Renovations
445.60
$
Improvement Authorizations
70,395.91
70,841.51
Balance December 31, 2019
240,483.38
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of General Capital Cash
For the Year Ended December 31, 2019
-60-
16700
Exhibit SC-2
Balance
Balance
(Deficit)
(Deficit)
Dec. 31, 2018
Receipts
Disbursements
To
From
Dec. 31, 2019
Capital Improvement Fund
125,250.00
$
55,000.00
$
180,250.00
$
Due to Current Fund
(1,059.18)
(1,059.18)
Reserve for:
Demolition of Property
10,666.00
10,666.00
Purchase of Computer Equipment
2,890.92
2,890.92
Building Renovations
445.60
445.60
$
Improvement Authorizations:
Ordinance
Number
13-05
10,000.00
10,000.00
05-08
50,000.00
50,000.00
06-12
3,095.10
2,988.23
106.87
02-13
1,611.29
1,611.29
03-15
5,968.54
1,925.04
4,043.50
05-16
100.00
100.00
05-18
47,356.62
63,771.35
(16,414.73)
256,324.89
$
55,000.00
$
70,841.51
$
-
$
-
$
240,483.38
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Analysis of General Capital Cash
For the Year Ended December 31, 2019
Transfers
-61-
16700
Exhibit SC-3
Financed by
Increased by
Decreased by
Bond
Unexpended
Ordinance
Balance
Budget
Balance
Anticipation
Improvement
Number
Improvement Description
Dec. 31, 2018
Authorizations
Appropriations
Dec. 31, 2019
Expenditures
Notes
Authorization
05-08
Acquisition of Farmland Preservation Easement
50,000.00
$
-
$
-
$
50,000.00
$
-
$
-
$
50,000.00
$
Analysis of Balance
Dec. 31, 2019
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Deferred Charges to Future Taxation -- Unfunded
For the Year Ended December 31, 2019
-62-
16700
Exhibit SC-4
Balance
Increased by
Decreased by
Balance
Dec. 31, 2018
Dec. 31, 2019
Improvement Description
Number
Amount
Funded
Unfunded
Authorizations
Disbursed
Funded
Unfunded
Farmland Preservation Program
13-05
10,000.00
$
10,000.00
$
10,000.00
$
Acquisition of Farmland Preservation Easement
05-08
500,000.00
50,000.00
50,000.00
$
50,000.00
50,000.00
$
Road Maintenance and Repair Program
06-12
106,000.00
3,095.10
2,988.23
$
106.87
Purchase of Public Works Equipment
02-13
96,000.00
1,611.29
1,611.29
2015 Road Program
03-15
50,000.00
5,968.54
1,925.04
4,043.50
2016 Road Program
05-16
50,000.00
100.00
100.00
Resurfacing of Municipal Roads
05-18
280,450.00
83,606.62
63,771.35
19,835.27
154,381.55
$
50,000.00
$
-
$
70,395.91
$
83,985.64
$
50,000.00
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Improvement Authorizations
For the Year Ended December 31, 2019
Ordinance
-63-
16700
Exhibit SC-5
Balance December 31, 2018
125,250.00
$
Increased by:
Budget Appropriation - Current Fund
55,000.00
Balance December 31, 2019
180,250.00
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Capital Improvement Fund
For the Year Ended December 31, 2019
-64-
16700
Exhibit SC-6
Balance
Dec. 31, 2018
Ordinance
and
Number
Improvement Description
Dec. 31, 2019
05-08
Acquisition of Farmland Preservation Easement
50,000.00
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Schedule of Bonds and Notes Authorized But Not Issued
For the Year Ended December 31, 2019
-65-
TOWNSHIP OF MANNINGTON
PART 2
SCHEDULE OF FINDINGS AND RECOMMENDATIONS
FOR THE YEAR ENDED DECEMBER 31, 2019
-66-
16700
TOWNSHIP OF MANNINGTON
Schedule of Findings and Recommendations
For the Year Ended December 31, 2019
Schedule of Financial Statement Findings
This section identifies the significant deficiencies, material weaknesses, and instances of noncompliance related to the
financial statements that are required to be reported in accordance with Government Auditing Standards and with audit
requirements as prescribed by the Division of Local Government Services, Department of Community Affairs, State of
New Jersey.
None
-67-
16700
TOWNSHIP OF MANNINGTON
Summary Schedule of Prior Year Audit Findings and
Recommendations as Prepared by Management
This section identifies the status of prior year findings related to the financial statements that are required to be reported in
accordance with Government Auditing Standards.
FINANCIAL STATEMENT FINDINGS
None
-68-
16700
TOWNSHIP OF MANNINGTON
Officials in Office and Surety Bonds
The following officials were in office during the period under audit:
Name
Title
Donald C. Asay
Mayor
John R. Emel
Committeeperson
Luke S. Patrick, Jr.
Committeeperson
Esther A. Mitchell
Township Clerk / Administrator, Registrar of Vital Statistics
Patti L. Davis
Deputy Township Clerk
Diane Bowman
Chief Financial Officer
Linda Jones
Treasurer
Suzanne Pierce
Tax Collector
Donna Harris
Tax Assessor
William L. Horner
Solicitor
Carl R. Gaskill – Fralinger Engineering
Engineer
All employees are covered under a Blanket Surety Bond from the Joint Insurance Fund in the amount of
$1,000,000.
-69-
16700
APPRECIATION
I express my appreciation for the assistance and courtesies rendered by the Township officials during the course
of the audit.
Respectfully submitted,
BOWMAN & COMPANY LLP
Certified Public Accountants
& Consultants
Fred S. Caltabiano
Certified Public Accountant
Registered Municipal Accountant
-70-
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"...4 322,208.87 Foreclosed Property A 985,300.00 985,300.00 Due from Trust -- Other Funds - Escrow Deposits/ Performance Bonds A 308.25 308.25 Due from Trust -- Other Funds - Payroll Withholdings A 4,500.00 4,500.00 Due from Trust -- Tax Title Lien Redemption SB-1 4.66 1,618..."
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