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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, 2020. The report includes an independent auditor's report on the financial statements, along with statements of assets, liabilities, reserves, and fund balances for various funds, including the current fund, trust funds, and general capital fund. The audit was conducted in accordance with auditing standards generally accepted in the United States of America and the requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. The report expresses an adverse opinion on the financial statements in accordance with accounting principles generally accepted in the United States of America, but a fair opinion on the regulatory basis of accounting.
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--- Document: 2020 Audit Report Document ---
TOWNSHIP OF MANNINGTON
COUNTY OF SALEM
REPORT OF AUDIT
FOR THE YEAR ENDED DECEMBER 31, 2020
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, Reserves and Fund Balance--
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, Reserves and Fund Balance--Regulatory Basis
16
B-1
Trust--Municipal Open Space Fund--Statement of Revenues--Regulatory Basis
17
B-2
Trust--Municipal Open Space Fund--Statement of Expenditures--Regulatory Basis
18
GENERAL CAPITAL FUND
C
Statements of Assets, Liabilities, Reserves and Fund Balance--Regulatory Basis
19
GENERAL FIXED ASSETS GROUP OF ACCOUNTS
F
Statement of General Fixed Assets Group of Accounts--Regulatory Basis
20
Notes to Financial Statements
21
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 Payable
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, 2020
-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, 2020 and 2019, 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, 2020, 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 08096-4635 I P 856.853-0440 I F 856.845-4128 I www.bowman.cpa
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, 2020 and 2019, 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, 2020 and 2019, 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, 2020, 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 July 21, 2021 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
July 21, 2021
-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, 2020, and the related notes to the financial statements, which
collectively comprise the Township’s basic financial statements, and have issued our report thereon dated July
21, 2021. 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) as a basis for designing 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 08096-4635 I P 856.853-0440 I F 856.845-4128 I www.bowman.cpa
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
financial statements. 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 entity’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
July 21, 2021
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16700
Exhibit A
Ref.
2020
2019
ASSETS:
Regular Fund:
Cash - Treasurer
SA-1
1,927,747.21
$
1,859,503.60
$
Cash Change Funds
A
300.00
300.00
1,928,047.21
1,859,803.60
Receivables and Other Assets with Full Reserves:
Delinquent Property Taxes Receivable
SA-2
183,490.41
232,627.24
Tax Title Liens
SA-3
467,518.52
395,417.84
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
7.83
4.66
1,641,125.01
1,618,157.99
Total Regular Fund
3,569,172.22
3,477,961.59
Federal and State Grant Fund:
Due from Current Fund
SA-10
32,098.58
28,158.66
Grants Receivable
SA-11
20,381.46
17,767.19
Total Federal and State Grant Fund
52,480.04
45,925.85
3,621,652.26
$
3,523,887.44
$
(Continued)
As of December 31, 2020 and 2019
TOWNSHIP OF MANNINGTON
Statements of Assets, Liabilities, Reserves and Fund Balance -- Regulatory Basis
CURRENT FUND
-7-
16700
Exhibit A
Ref.
2020
2019
As of December 31, 2020 and 2019
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
138,644.01
$
103,303.29
$
Reserve for Encumbrances
A-3, SA-6
22,912.94
16,208.40
Accounts Payable
A-1
30,000.00
39,172.29
Prepaid Taxes
SA-7
99,036.56
95,642.54
Due to State of New Jersey
SA-4
137.99
708.90
Due to Federal and State Grant Fund
SA-10
32,098.58
28,158.66
Due to General Capital Fund
A
1,059.18
1,059.18
Local District School Tax Payable
SA-9
806,272.00
784,144.00
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
103,206.55
106,242.08
1,239,323.19
1,180,594.72
Reserves for Receivables and Other Assets
A
1,641,125.01
1,618,157.99
Fund Balance
A-1
688,724.02
679,208.88
Total Regular Fund
3,569,172.22
3,477,961.59
Federal and State Grant Fund:
Appropriated Reserves
SA-12
52,480.04
45,925.85
Total Federal and State Grant Fund
52,480.04
45,925.85
3,621,652.26
$
3,523,887.44
$
The accompanying Notes to Financial Statements are an integral part of this statement.
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16700
Exhibit A-1
2020
2019
REVENUE AND OTHER INCOME REALIZED:
Fund Balance Anticipated
303,000.00
$
285,500.00
$
Miscellaneous Revenues Anticipated
375,739.73
385,043.59
Receipts from Delinquent Taxes and Tax Title Liens
230,327.54
218,206.47
Receipts from Current Taxes
5,480,927.85
5,587,562.96
Non-Budget Revenue
33,532.99
37,617.32
Other Credits to Income:
Canceled Accounts Payable
9,172.29
16,380.00
Unexpended Balance of Appropriation Reserves
89,499.84
134,063.65
Total Income
6,522,200.24
6,664,373.99
EXPENDITURES:
Budget Appropriations:
Appropriations Within "CAPS":
Operations:
Salaries and Wages
320,915.00
324,320.00
Other Expenses
429,290.00
387,530.00
Deferred Charges and Statutory Expenditures
44,014.00
57,987.00
Appropriations Excluded from "CAPS":
Operations:
Other Expenses
130,978.39
134,185.49
Capital Improvements
15,000.00
56,000.00
County Taxes
2,217,401.85
2,350,583.94
Local School District Tax
3,015,681.00
2,960,359.00
Municipal Open Space Tax
36,329.86
37,971.61
Appropriated Grant Adjustment
75.00
Prior Year Senior/Veteran Deduction Disallowed
500.00
Total Expenditures
6,209,685.10
6,309,437.04
Excess in Revenue
312,515.14
354,936.95
Fund Balance January 1
679,208.88
609,771.93
991,724.02
964,708.88
Decreased by:
Utilized as Anticipated Revenue
303,000.00
285,500.00
Fund Balance December 31
688,724.02
$
679,208.88
$
The accompanying Notes to Financial Statements are an integral part of this statement.
For the Years Ended December 31, 2020 and 2019
Statements of Operations and Changes in Fund Balance -- Regulatory Basis
TOWNSHIP OF MANNINGTON
CURRENT FUND
-9-
16700
Exhibit A-2
Anticipated
Special NJSA
Excess or
Budget
40A: 4-87
Realized
(Deficit)
Fund Balance Anticipated
303,000.00
$
303,000.00
$
Miscellaneous Revenues
Fines and Costs - Municipal Court
20,000.00
21,092.84
1,092.84
$
Interest and Costs on Taxes
28,000.00
55,691.52
27,691.52
Interest on Investments and Deposits
2,000.00
6,804.97
4,804.97
Energy Receipts Tax (P.L. 1997, Chapters 162 & 167)
272,718.00
272,718.01
0.01
Public and Private Revenues Offset
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
JIF Safety Incentive Grant
2,000.00
$
2,000.00
Alcohol Education and Rehabilitation Fund
666.83
666.83
Clean Communities
8,636.56
8,636.56
Radon Program
2,000.00
2,000.00
Municipal Alliance
3,879.00
3,879.00
Total Miscellaneous Revenues
330,847.00
11,303.39
375,739.73
33,589.34
Receipts from Delinquent Taxes
97,550.00
230,327.54
132,777.54
Amount to be Raised by Taxes for
Support of Municipal Budget:
Local Tax for Municipal Purposes
including Reserve for Uncollected Taxes
510,215.64
524,233.78
14,018.14
Budget Totals
1,241,612.64
11,303.39
1,433,301.05
180,385.02
Non-Budget Revenue
33,532.99
33,532.99
1,241,612.64
$
11,303.39
$
1,466,834.04
$
213,918.01
$
(Continued)
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Revenues -- Regulatory Basis
For the Year Ended December 31, 2020
-10-
16700
Exhibit A-2
Analysis of Realized Revenue
Allocation of Current Tax Collections:
Revenue from Collections
5,480,927.85
$
Allocated to:
County, Municipal Open Space and School Taxes
5,269,412.71
Amount for Support of Municipal Budget Appropriations
211,515.14
Add: Appropriation "Reserve for Uncollected Taxes"
312,718.64
Amount for Support of Municipal Budget Appropriations
524,233.78
$
Receipts from Delinquent Taxes:
Delinquent Tax Collections
190,999.59
$
Tax Title Liens Collections
39,327.95
230,327.54
$
Analysis of Non-Budget Revenues
Miscellaneous Revenue not Anticipated:
Registrar
15,301.75
$
Planning Board Applications
5,000.00
Street Openings
1,000.00
Zoning Permits
2,000.00
Vacant Property Registration
2,000.00
Comcast Franchise Fees
2,891.67
Verizon Franchise Fees
1,562.73
Miscellaneous
3,776.84
Total Non-Budget Revenues
33,532.99
$
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, 2020
-11-
16700
Exhibit A-3
Appropriations
Expended
Unexpended
Budget After
Paid or
Balance
Budget
Modification
Charged
Encumbered
Reserved
Canceled
OPERATIONS -- WITHIN "CAPS"
General Government
Governing Body
Salaries and Wages
21,300.00
$
21,300.00
$
21,290.16
$
9.84
$
Other Expenses
1,000.00
1,000.00
815.00
185.00
Municipal Clerk
Salaries and Wages
105,000.00
105,000.00
102,790.45
2,209.55
Other Expenses
16,000.00
16,000.00
9,150.25
1,764.29
$
5,085.46
Financial Administration (Treasury)
Salaries and Wages
27,740.00
27,740.00
27,730.08
9.92
Other Expenses
10,000.00
9,280.00
6,936.92
2,343.08
Audit Services
22,250.00
22,250.00
22,250.00
Computerized Data Processing
16,000.00
19,750.00
18,945.66
311.14
493.20
Revenue Administration (Tax Collection)
Salaries and Wages
23,300.00
23,300.00
18,923.49
4,376.51
Other Expenses
8,200.00
8,200.00
5,738.83
1,418.00
1,043.17
Tax Assessment Administration (Tax Assessor)
Salaries and Wages
21,000.00
21,000.00
18,462.05
2,537.95
Other Expenses
14,150.00
14,870.00
14,190.94
676.89
2.17
Legal Services (Legal Dept.)
Other Expenses
23,000.00
23,000.00
19,814.50
3,185.50
Defensive Law Suits
14,500.00
14,500.00
7,500.00
7,000.00
Liquidation of Tax Title Liens
2,000.00
500.00
500.00
Engineering Services
6,000.00
6,000.00
1,766.60
4,233.40
Land Use
Planning Board
Salaries and Wages
4,055.00
4,055.00
4,044.96
10.04
Other Expenses
5,000.00
5,000.00
518.50
4,481.50
Zoning Board of Adjustment
Salaries and Wages
5,255.00
5,255.00
5,244.96
10.04
Other Expenses
500.00
500.00
47.00
450.00
3.00
Insurance
Liability Insurance
14,540.00
14,540.00
14,399.21
140.79
Workers Compensation Insurance
24,900.00
24,900.00
24,649.79
250.21
Employee Group Insurance
22,000.00
22,000.00
13,906.67
8,093.33
Unemployment Compensation
10,000.00
10,000.00
244.49
9,755.51
(Continued)
TOWNSHIP OF MANNINGTON
Statement of Expenditures -- Regulatory Basis
For the Year Ended December 31, 2020
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, 2020
CURRENT FUND
Public Safety
Office of Emergency Management (OEM)
Salaries and Wages
4,180.00
$
4,180.00
$
4,170.24
$
9.76
$
Other Expenses
2,000.00
2,000.00
200.00
1,800.00
Aid to Volunteer Fire Companies
40,000.00
40,000.00
40,000.00
Public Works
Streets and Road Maintenance
Salaries and Wages
105,000.00
98,800.00
79,697.25
19,102.75
Other Expenses
25,000.00
25,000.00
9,926.19
4,486.23
$
10,587.58
Storm Recovery
Salaries and Wages
5,000.00
5,000.00
5,000.00
Other Expenses
7,500.00
7,500.00
7,500.00
Solid Waste Collection
Other Expenses
43,000.00
43,000.00
35,914.21
7,085.79
Buildings and Grounds
Salaries and Wages
100.00
100.00
100.00
Other Expenses
15,000.00
15,750.00
9,894.21
5,424.20
431.59
Health and Human Services
Public Health Services (Board of Health)
Salaries and Wages
1,720.00
1,720.00
1,710.00
10.00
Other Expenses
2,500.00
2,500.00
884.68
75.17
1,540.15
Environmental Health Services
Salaries and Wages
300.00
300.00
300.00
Other Expenses
1,000.00
1,000.00
1,000.00
Animal Control Services
Other Expenses
4,200.00
4,200.00
242.00
59.90
3,898.10
Recreation
Recreation Services and Programs
Other Expenses
1,250.00
1,250.00
1,250.00
Municipal Court
Salaries and Wages
10.00
10.00
10.00
(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, 2020
CURRENT FUND
Code Enforcement
Housing Officer
Salaries and Wages
3,155.00
$
3,155.00
$
3,144.96
$
10.04
$
Other Expenses
500.00
500.00
47.00
450.00
$
3.00
Unclassified
Electricity
10,000.00
10,000.00
6,380.35
3,619.65
Street Lighting
25,000.00
28,200.00
26,592.73
1,607.27
Telephone
7,200.00
7,200.00
6,252.94
947.06
Fuel Oil
5,000.00
5,000.00
2,780.94
297.12
1,921.94
Gasoline and Diesel Fuel
10,000.00
10,000.00
3,975.70
6,024.30
Fire Hydrants
13,900.00
13,900.00
7,781.60
6,118.40
Total Operations -- Within "CAPS"
750,205.00
750,205.00
603,955.51
22,912.94
123,336.55
-
Detail:
Salaries and Wages
327,115.00
320,915.00
292,208.60
-
28,706.40
-
Other Expenses (Including Contingent)
423,090.00
429,290.00
311,746.91
22,912.94
94,630.15
-
DEFERRED CHARGES AND STATUTORY
EXPENDITURES -- WITHIN "CAPS"
Statutory Expenditures
Public Employees' Retirement System
17,514.00
17,514.00
17,514.00
Social Security System (O.A.S.I.)
25,500.00
25,500.00
22,157.59
3,342.41
Defined Contribution Retirement Program
1,000.00
1,000.00
256.92
743.08
Total Deferred Charges and Statutory
Expenditures -- Municipal -- Within "CAPS"
44,014.00
44,014.00
39,928.51
-
4,085.49
-
Total General Appropriations for Municipal
Purposes Within -- "CAPS"
794,219.00
794,219.00
643,884.02
22,912.94
127,422.04
-
OPERATIONS -- EXCLUDED FROM "CAPS"
Recycling Tax
1,500.00
1,500.00
1,368.18
131.82
Total Other Operations
1,500.00
1,500.00
1,368.18
-
131.82
-
Shared Service Agreements
Trash and Recycling Collection
69,076.00
69,076.00
69,076.00
Municipal Court - Mid Salem County Court
31,000.00
31,000.00
20,509.85
10,490.15
Animal Control Services - Pennsville Township
9,000.00
9,000.00
8,400.00
600.00
Total Shared Service Agreements
109,076.00
109,076.00
97,985.85
-
11,090.15
-
(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, 2020
CURRENT FUND
Public and Private Programs Offset by Revenues
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
JIF Safety Incentive Grant (NJSA 40A: 4-87 $2,000.00)
2,000.00
2,000.00
Alcohol Education and Rehabilitation Fund (NJSA 40A:4-87 $666.83)
666.83
666.83
Clean Communities (NJSA 40A:4-87 $8,636.56)
8,636.56
8,636.56
Radon Program
2,000.00
2,000.00
2,000.00
Municipal Alliance
4,849.00
4,849.00
4,849.00
Total Public and Private Programs Offset by Revenues
9,099.00
20,402.39
20,402.39
-
-
-
Total Operations -- Excluded from "CAPS"
119,675.00
130,978.39
119,756.42
-
11,221.97
$
-
Detail:
Salaries and Wages
-
-
-
-
-
-
Other Expenses
119,675.00
130,978.39
119,756.42
-
11,221.97
-
CAPITAL IMPROVEMENTS -- EXCLUDED FROM "CAPS"
Capital Improvement Fund
14,000.00
14,000.00
14,000.00
Farmland Preservation Program
1,000.00
1,000.00
1,000.00
Total Capital Improvements -- Excluded from "CAPS"
15,000.00
15,000.00
15,000.00
-
-
-
Total General Appropriations for Municipal Purposes Excluded from "CAPS"
134,675.00
145,978.39
134,756.42
-
11,221.97
-
Subtotal General Appropriations
928,894.00
940,197.39
778,640.44
22,912.94
$
138,644.01
-
Reserve for Uncollected Taxes
312,718.64
312,718.64
312,718.64
Total
1,241,612.64
$
1,252,916.03
$
1,091,359.08
$
22,912.94
$
138,644.01
$
-
$
Budget
1,241,612.64
$
Appropriation by NJSA 40A:4-87
11,303.39
Reserve for Federal and State Grant Fund--Appropriated
20,402.39
$
Reserve for Uncollected Taxes
312,718.64
Cash Disbursed
758,238.05
1,252,916.03
$
1,091,359.08
$
The accompanying Notes to Financial Statements are an integral part of this statement.
-15-
16700
Exhibit B
Ref.
2020
2019
ASSETS:
Animal Control Fund:
Cash
SB-1
2,345.37
$
3,253.70
$
Total Animal Control Fund
2,345.37
3,253.70
Municipal Open Space Fund:
Cash
SB-1
97,533.61
88,560.59
Total Municipal Open Space Fund
97,533.61
88,560.59
Other Funds:
Cash
SB-1
196,825.59
161,255.14
Total Other Funds
196,825.59
161,255.14
296,704.57
$
253,069.43
$
LIABILITIES, RESERVES AND FUND BALANCE:
Animal Control Fund:
Reserve for Animal Control Fund Expenditures
SB-2
2,345.37
$
3,253.70
$
Total Animal Control Fund
2,345.37
3,253.70
Municipal Open Space Fund:
Reserve for Future Use
SB-4
97,533.61
88,560.59
Total Municipal Open Space Fund
97,533.61
88,560.59
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
7.83
4.66
Reserve for:
Escrow Deposits/Performance Bonds
SB-5
63,020.84
53,940.62
Unemployment
SB-5
11,836.97
12,365.56
Tax Title Lien Premiums
SB-5
22,350.00
3,050.00
Storm Recovery
SB-5
88,740.13
81,975.60
Veteran's Park
SB-5
649.41
629.41
Payroll Withholdings
SB-5
5,412.16
4,481.04
Total Other Funds
196,825.59
161,255.14
296,704.57
$
253,069.43
$
The accompanying Notes to Financial Statements are an integral part of this statement.
TOWNSHIP OF MANNINGTON
TRUST FUNDS
Statements of Assets, Liabilities, Reserves and Fund Balance -- Regulatory Basis
As of December 31, 2020 and 2019
-16-
16700
Exhibit B-1
Anticipated
Excess or
Budget
Realized
(Deficit)
Amount to be Raised by Taxation
36,329.86
$
36,329.86
$
-
$
36,329.86
$
36,329.86
$
-
$
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, 2020
TRUST -- MUNICIPAL OPEN SPACE FUND
-17-
16700
Exhibit B-2
Unexpended
Original
Budget After
Paid or
Reserved for
Balance
Budget
Modification
Charged
Future Use
Canceled
Reserve for Future Use
36,329.86
$
36,329.86
$
-
$
36,329.86
$
-
$
36,329.86
$
36,329.86
$
-
$
36,329.86
$
-
$
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, 2020
Expended
TRUST -- MUNICIPAL OPEN SPACE FUND
-18-
16700
Exhibit C
Ref.
2020
2019
ASSETS:
Cash
SC-1
272,023.03
$
240,483.38
$
Due from Current Fund
C
1,059.18
1,059.18
Grant Receivable
SC-1, SC-4
36,250.00
Deferred Charges to Future Taxation:
Unfunded
SC-3
50,000.00
50,000.00
323,082.21
$
327,792.56
$
LIABILITIES, RESERVES AND FUND BALANCE:
Capital Improvement Fund
SC-5
194,250.00
$
180,250.00
$
Improvement Authorizations:
Funded
SC-4
67,967.46
83,985.64
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
SC-1
198.75
2,890.92
323,082.21
$
327,792.56
$
The accompanying Notes to Financial Statements are an integral part of this statement.
As of December 31, 2020 and 2019
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statements of Assets, Liabilities, Reserves and Fund Balance -- Regulatory Basis
-19-
16700
Exhibit F
Balance
Balance
ASSETS:
Dec. 31, 2019
Additions
Deletions
Dec. 31, 2020
Land
40,225.00
$
40,225.00
$
Buildings
251,000.00
251,000.00
Equipment
725,322.96
10,291.60
$
735,614.56
1,016,547.96
$
10,291.60
$
-
$
1,026,839.56
$
FUND BALANCE:
Investment in General Fixed Assets
1,016,547.96
$
10,291.60
$
-
$
1,026,839.56
$
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, 2020
-20-
16700
TOWNSHIP OF MANNINGTON
Notes to Financial Statements
For the Year Ended December 31, 2020
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.
-21-
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.
-22-
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.
-23-
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, 2019 and decreased by the amount deferred at December 31, 2020.
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.
-24-
16700
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, 2020, the Township’s bank balances of $2,475,640.90 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
2020
2019
2018
2017
2016
Tax Rate
3.180
$
3.096
$
2.954
$
2.875
$
2.729
$
Apportionment of Tax Rate:
Municipal
.280
$
.281
$
.282
$
.282
$
.281
$
Municipal Open Space
.020
.020
.020
.020
.020
County (Including Open Space)
1.220
1.235
1.153
1.128
1.082
Local School
1.660
1.560
1.499
1.445
1.346
Assessed Valuation
Year
Amount
2020
181,649,287.00
$
2019
189,858,035.00
2018
189,479,704.00
2017
192,294,927.00
2016
213,068,446.00
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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):
The following comparison is made of the number of tax title liens receivable on December 31 for the current
and previous four calendar years:
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:
Comparison of Tax Levies and Collections
Percentage
Year
Tax Levy
Collections
of Collections
2020
5,788,503.37
$
5,480,927.85
$
94.69%
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%
Delinquent Taxes and Tax Title Liens
Tax Title
Delinquent
Total
Percentage
Year
Liens
Taxes
Delinquent
of Tax Levy
2020
467,518.52
$
183,490.41
$
651,008.93
$
11.25%
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%
Year
Number
2020
80
2019
75
2018
76
2017
68
2016
78
Year
Amount
2020
985,300.00
$
2019
985,300.00
2018
985,300.00
2017
985,300.00
2016
421,000.00
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Notes to Financial Statements (Cont'd)
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:
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, 2020:
The interfund receivables and payables above predominately resulted from collections and payments
made by certain funds on behalf of other funds. During the year 2021, the Township expects to liquidate
such interfunds, depending upon the availability of cash flow.
Note 7: PENSION PLANS
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. In addition, several Township employees participate in the Defined Contribution
Retirement Program (“DCRP”), which is a defined contribution pension plan. This Plan is administered by
Prudential Financial for the New Jersey Division of Pensions and Benefits. Each 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
Current Fund
Utilized in
Percentage
Balance
Budget of
of Fund
Year
December 31,
Succeeding Year
Balance Used
2020
688,724.02
$
356,450.00
$
51.76%
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%
Interfunds
Interfunds
Fund
Receivable
Payable
Current
4,816.08
$
33,157.76
$
Federal and State Grant
32,098.58
Trust - Other
4,816.08
General Capital
1,059.18
37,973.84
$
37,973.84
$
-27-
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
General Information about the Pension Plans
Plan Descriptions
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’ 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’ Board of Trustees is primarily responsible for the
administration of the PERS.
Defined Contribution Retirement Program - The Defined Contribution Retirement Program is a
multiple-employer defined contribution pension fund established on July 1, 2007 under the provisions
of Chapter 92, P.L. 2007, and Chapter 103, P.L. 2007 (N.J.S.A. 43:15C-1 et. seq.). The DCRP is a
tax-qualified defined contribution money purchase pension plan under Internal Revenue Code (IRC)
§ 401(a) et seq., and is a “governmental plan” within the meaning of IRC § 414(d). The DCRP provides
retirement benefits for eligible employees and their beneficiaries. Individuals covered under DCRP are
employees enrolled in PERS on or after July 1, 2007, who earn salary in excess of established
“maximum compensation” limits; employees enrolled in New Jersey State Police Retirement System
(SPRS) or the Police and Firemen’s Retirement System (PFRS) after May 21, 2010, who earn salary
in excess of established “maximum compensation” limits; employees otherwise eligible to enroll in
PERS on or after November 2, 2008, who do not earn the minimum annual salary for tier 3 enrollment
but who earn salary of at least $5,000.00 annually; and employees otherwise eligible to enroll in PERS
after May 21, 2010 who do not work the minimum number of hours per week required for tiers 4 or 5
enrollment, but who earn salary of at least $5,000.00 annually.
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
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
General Information about the Pension Plans (Cont’d)
Vesting and Benefit Provisions (Cont’d)
Public Employees’ Retirement System (Cont’d)
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.
Defined Contribution Retirement Program - Eligible members are provided with a defined
contribution retirement plan intended to qualify for favorable Federal income tax treatment under IRC
Section 401(a), a noncontributory group life insurance plan and a noncontributory group disability
benefit plan. A participant's interest in that portion of his or her defined contribution retirement plan
account attributable to employee contributions shall immediately become and shall at all times remain
fully vested and non-forfeitable. A participant's interest in that portion of his or her defined contribution
retirement plan account attributable to employer contributions shall be vested and non-forfeitable on
the date the participant commences the second year of employment or upon his or her attainment of
age 65, while employed by an employer, whichever occurs first.
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 is currently 7.50% of base salary, effective July 1,
2018. The rate for members who are eligible for the Prosecutors Part of PERS (P.L. 2001, C. 366) is
10.0%. Employers’ contributions 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, 2020 was
16.81% 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, 2020, the Township’s contractually
required contribution to the pension plan for the year ended December 31, 2020 is $25,671.00, and is
payable by April 1, 2021. Due to the basis of accounting described in note 1, no liability has been
recorded in the financial statements for this amount. For the prior year measurement date of June 30,
2019, the Township’s contractually required contribution to the pension plan for the year ended
December 31, 2019 was $17,433.00, which was paid on April 1, 2020.
Employee contributions to the Plan for the year ended December 31, 2020 were $11,882.72.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
General Information about the Pension Plans (Cont’d)
Contributions (Cont’d)
Defined Contribution Retirement Program - The contribution policy is set by N.J.S.A. 43:15C-3 and
requires contributions by active members and contributing employers. In accordance with Chapter
92, P.L. 2007 and Chapter 103, P.L. 2007, Plan members are required to contribute 5.5% of their
annual covered salary. In addition to the employee contributions, the Township contributes 3% of the
employees' base salary, for each pay period, to Prudential Financial not later than the fifth business
day after the date on which the employee is paid for that pay period.
For the year ended December 31, 2020, employee contributions totaled $348.96 and the Township’s
contributions were $256.92. There were no forfeitures during the year.
Pension Liabilities, Pension (Benefit) Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions
Public Employees’ Retirement System
Pension Liability - As of December 31, 2020, the Township’s proportionate share of the PERS net
pension liability was $382,675.00. The net pension liability was measured as of June 30, 2020 and
the total pension liability used to calculate the net pension liability was determined by an actuarial
valuation as of July 1, 2019. 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, 2020.
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, 2020 measurement date, the
Township’s proportion was .0023466347% which was an increase of .0005544169% from its
proportion measured as of June 30, 2019.
Pension Expense - For the year ended December 31, 2020, the Township’s proportionate share of
the PERS pension (benefit) expense, calculated by the Plan as of the June 30, 2020 measurement
date was ($7,674.00). 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, 2020, the Township’s contribution to PERS was $17,433.00, and was paid on
April 1, 2020.
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Pension Liabilities, Pension (Benefit) Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions (Cont’d)
Deferred Outflows of Resources and Deferred Inflows of Resources - As of December 31, 2020, the
Township had deferred outflows of resources and deferred inflows of resources related to pensions from
the following sources:
Deferred outflows of resources in the amount of $12,836.00, will be included as a reduction of the net
pension liability during the year ending December 31, 2021. This amount was based on an estimated April
1, 2022 contractually required contribution, prorated from the pension plan’s measurement date of June
30, 2020 to the Township’s year end of December 31, 2020.
Deferred
Deferred
Outflows of
Inflows of
Resources
Resources
Differences between Expected
and Actual Experience
6,968.00
$
1,353.00
$
Changes of Assumptions
12,414.00
160,230.00
Net Difference between Projected
and Actual Earnings on Pension
Plan Investments
13,080.00
-
Changes in Proportion and Differences
between Township Contributions and
Proportionate Share of Contributions
180,008.00
113,359.00
Township Contributions Subsequent to
the Measurement Date
12,836.00
-
225,306.00
$
274,942.00
$
-31-
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Pension Liabilities, Pension (Benefit) Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions (Cont’d)
Deferred Outflows of Resources and Deferred Inflows of Resources (Cont’d) - The Township will
amortize the other deferred outflows of resources and deferred inflows of resources related to pensions
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, 2015
5.72
-
June 30, 2016
5.57
-
June 30, 2017
5.48
-
June 30, 2018
-
5.63
June 30, 2019
5.21
-
June 30, 2020
5.16
-
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
June 30, 2020
-
5.16
Net Difference between Projected
and Actual Earnings on Pension
Plan Investments
Year of Pension Plan Deferral:
June 30, 2016
5.00
-
June 30, 2017
5.00
-
June 30, 2018
5.00
-
June 30, 2019
5.00
-
June 30, 2020
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
June 30, 2020
5.16
5.16
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Pension Liabilities, Pension (Benefit) Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions (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 pensions will be
recognized in future periods as follows:
Actuarial Assumptions
The net pension liability was measured as of June 30, 2020, and the total pension liability used to calculate
the net pension liability was determined by an actuarial valuation as of July 1, 2019. 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, 2020. This actuarial valuation used the following actuarial
assumptions, applied to all periods included in the measurement:
Year Ending
Dec 31,
2021
(40,326.00)
$
2022
(38,162.00)
2023
(4,641.00)
2024
18,974.00
2025
1,683.00
(62,472.00)
$
Inflation Rate:
Price
2.75%
Wage
3.25%
Salary Increases: (1)
Through 2026
2.00% - 6.00%
Thereafter
3.00% - 7.00%
Through All Future Years
Investment Rate of Return
7.00%
Period of Actuarial Experience
Study upon which Actuarial
Assumptions were Based
July 1, 2014 - June 30, 2018
(1) based on years of service
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Actuarial Assumptions (Cont’d)
Public Employees’ Retirement System
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-2020.
In accordance with State statute, the long-term expected rate of return on Plan investments (7.00% at
June 30, 2020) 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’ asset allocation as of June
30, 2020 are summarized in the table that follows:
Long-Term
Target
Expected Real
Asset Class
Allocation
Rate of Return
U.S. Equity
27.00%
7.71%
Non-US Developed Markets Equity
13.50%
8.57%
Emerging Market Equity
5.50%
10.23%
Private Equity
13.00%
11.42%
Real Assets
3.00%
9.73%
Real Estate
8.00%
9.56%
High Yield
2.00%
5.95%
Private Credit
8.00%
7.59%
Investment Grade Credit
8.00%
2.67%
Cash Equivalents
4.00%
0.50%
U.S. Treasuries
5.00%
1.94%
Risk Mitigation Strategies
3.00%
3.40%
100.00%
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Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Actuarial Assumptions (Cont’d)
Discount Rate -
Public Employees’ Retirement System - The discount rate used to measure the total pension liability
was 7.00% as of June 30, 2020. This single blended discount rate was based on the long-term
expected rate of return on pension plan investments of 7.00% and a municipal bond rate of 2.21% as
of the June 30, 2020 measurement date 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 would be based on 78% of the actuarially determined contributions for the State 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. Therefore, the long-term expected rate of return on Plan investments was
applied to all projected benefit payments to determine 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 as of the June 30, 2020 measurement date, calculated using a discount
rate of 7.00%, 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:
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.
1%
Current
1%
Decrease
Discount Rate
Increase
(6.00%)
(7.00%)
(8.00%)
Township's Proportionate Share
of the Net Pension Liability
481,724.00
$
382,675.00
$
298,629.00
$
-35-
16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Supplementary Pension Information
In accordance with GASBS 68, the following information is also presented for the PERS and PFRS pension
plans. 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 Eight Plan Years)
2020
2019
2018
2017
Township's Proportion of the Net Pension Liability
0.0023466347%
0.0017922178%
0.0012553825%
0.0023312995%
Township's Proportionate Share of the Net Pension Liability
382,675.00
$
322,930.00
$
247,179.00
$
542,689.00
$
Township's Covered Payroll (Plan Measurement Period)
158,420.00
$
127,360.00
$
88,160.00
$
161,508.00
$
Township's Proportionate Share of the Net Pension
Liability as a Percentage of Covered Payroll
241.56%
253.56%
280.38%
336.01%
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
58.32%
56.27%
53.60%
48.10%
2016
2015
2014
2013
Township's Proportion of the Net Pension Liability
0.0022690594%
0.0022301141%
0.0031783671%
0.0033416964%
Township's Proportionate Share of the Net Pension Liability
672,030.00
$
500,616.00
$
595,077.00
$
638,665.00
$
Township's Covered Payroll (Plan Measurement Period)
156,100.00
$
149,236.00
$
189,604.00
$
204,706.00
$
Township's Proportionate Share of the Net Pension
Liability as a Percentage of Covered Payroll
430.51%
335.45%
313.85%
311.99%
Plan Fiduciary Net Position as a Percentage of the Total
Pension Liability
40.14%
47.93%
52.08%
48.72%
Measurement Date Ended June 30,
Measurement Date Ended June 30,
-36-
16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Supplementary Pension Information (Cont’d)
Schedule of the Township’s Contributions - Public Employees’ Retirement System (PERS) (Last
Eight Years)
2020
2019
2018
2017
Township's Contractually Required Contribution
25,671.00
$
17,433.00
$
12,487.00
$
21,597.00
$
Township's Contribution in Relation to the Contractually
Required Contribution
(25,671.00)
(17,433.00)
(12,487.00)
(21,597.00)
Township's Contribution Deficiency (Excess)
-
$
-
$
-
$
-
$
Township's Covered Payroll (Calendar Year)
152,716.00
$
158,331.00
$
143,155.00
$
119,528.00
$
Township's Contributions as a Percentage of
Covered Payroll
16.81%
11.01%
8.72%
18.07%
2016
2015
2014
2013
Township's Contractually Required Contribution
20,158.00
$
19,173.00
$
26,202.00
$
25,179.00
$
Township's Contribution in Relation to the Contractually
Required Contribution
(20,158.00)
(19,173.00)
(26,202.00)
(25,179.00)
Township's Contribution Deficiency (Excess)
-
$
-
$
-
$
-
$
Township's Covered Payroll (Calendar Year)
163,191.00
$
156,100.00
$
150,246.00
$
204,645.00
$
Township's Contributions as a Percentage of
Covered Payroll
12.35%
12.28%
17.44%
12.30%
Year Ended December 31,
Year Ended December 31,
-37-
16700
Notes to Financial Statements (Cont'd)
Note 7: PENSION PLANS (CONT’D)
Supplementary Pension Information (Cont’d)
Other Notes to Supplementary Pension Information
Public Employees’ Retirement System (PERS)
Changes in Benefit Terms
The June 30, 2020 measurement date included two changes to the plan provisions. Chapter 157, P.L.
2019 expanded the definition of regular or assigned duties for purposes of accidental disability. The
Division of Pension and Benefits (DPB) also adopted a new policy regarding the crediting of interest on
member contributions for the purpose of refund of accumulated deductions.
Changes in Assumptions
The discount rate used as of June 30 measurement date is as follows:
Year
Rate
Year
Rate
2020
7.00%
2016
3.98%
2019
6.28%
2015
4.90%
2018
5.66%
2014
5.39%
2017
5.00%
The long-term expected rate of return used as of June 30 measurement date is as follows:
Year
Rate
Year
Rate
2020
7.00%
2016
7.65%
2019
7.00%
2015
7.90%
2018
7.00%
2014
7.90%
2017
7.00%
The mortality assumption was updated upon direction from the DPB.
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:
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%.
Net debt $50,000.00 divided by the equalized valuation basis per N.J.S.A.40A:2-2, as amended,
$190,290,779.33, equals 0.026%.
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:
2020
2019
2018
Issued
General:
Bonds, Loans and Notes
-
$
-
$
-
$
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
$
50,000.00
$
Gross Debt
Deductions
Net Debt
School Purposes
855,000.00
$
855,000.00
$
General
50,000.00
50,000.00
$
905,000.00
$
855,000.00
$
50,000.00
$
Borrowing Power Under N.J.S.A. 40A:2-6 as Amended
3 1/2% of Equalized Valuation Basis (Municipal)
6,660,177.28
$
Less: Net Debt
50,000.00
Remaining Borrowing Power
6,610,177.28
$
Balance December 31,
2020
2019
Balance of Tax
1,206,272.00
$
1,184,144.00
$
Deferred
400,000.00
400,000.00
806,272.00
$
784,144.00
$
-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:
Joint Insurance Pool - The Township is a member of the Gloucester, Salem, and Cumberland Counties
Municipal Insurance Joint Insurance Fund. The Fund provides its members with the following coverage:
Workers' Compensation including Employer's Liability
General Liability other than Motor Vehicles
Automobile Liability
Blanket Crime including Public Employee Dishonesty
Property Including Boiler and Machinery
Public Officials and Employment Practices Liability
Cyber Liability
Contributions to the Fund, including a reserve for contingencies, are based on actuarial assumptions
determined by the Fund's actuary. The Commissioner of Banking and 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.
For more information regarding claims, coverages and deductibles, the Fund publishes its own financial
report which can be obtained from:
Gloucester, Salem, Cumberland Counties Municipal Joint Insurance Fund
P.O. Box 490
Marlton, New Jersey 08053
Township
Interest
Amount
Ending
Year
Contributions
Earnings
Reimbursed
Balance
2020
-
$
15.50
$
544.09
$
11,836.97
$
2019
19,000.00
92.16
8,155.62
12,365.56
2018
-
20.93
6,175.98
1,429.02
-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, 2020, 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
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 2021.
-41-
SUPPLEMENTAL EXHIBITS
CURRENT FUND
-42-
16700
Exhibit SA-1
Balance December 31, 2019
1,859,503.60
$
-
$
Increased by Receipts:
From Tax Collector
5,753,020.02
$
Taxes Receivable
5,558,963.99
$
Tax Title Liens
39,327.95
Prepaid Taxes
99,036.56
Senior Citizens' and Veterans' Deductions
16,750.00
Miscellaneous Revenue Anticipated
300,615.82
55,691.52
Miscellaneous Revenue Not Anticipated
33,532.99
Due Federal & State Grant Fund - Grants Receivable
16,818.12
6,120,736.95
5,753,020.02
7,980,240.55
5,753,020.02
Decreased by Disbursements:
To Treasurer
5,753,020.02
Appropriations
758,238.05
Appropriation Reserves
30,011.85
County Taxes Payable
2,217,401.85
Local School Taxes Payable
2,993,553.00
Local Open Space Taxes Payable
36,329.86
Due Federal & State Grant Fund
13,923.20
Reserve for Master Plan
3,035.53
6,052,493.34
5,753,020.02
Balance December 31, 2020
1,927,747.21
$
-
$
Treasurer
Regular Fund
Tax Collector
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Current Cash
For the Year Ended December 31, 2020
-43-
16700
Exhibit SA-2
Due from
Adjustments
Balance
2020
Added / Omitted
State of
and
Transferred
Balance
Dec. 31, 2019
Levy
Taxes
2019
2020
New Jersey
Canceled
to Liens
Dec. 31, 2020
232,627.24
$
190,999.59
$
-
$
(363.71)
$
41,981.85
$
9.51
$
232,627.24
-
-
-
190,999.59
-
(363.71)
41,981.85
9.51
5,776,484.27
$
12,019.10
$
95,642.54
$
5,367,964.40
17,320.91
43,458.14
80,636.48
183,480.90
232,627.24
$
5,776,484.27
$
12,019.10
$
95,642.54
$
5,558,963.99
$
17,320.91
$
43,094.43
$
122,618.33
$
183,490.41
$
Analysis of Property Tax Levy
Tax Yield:
General Purpose
5,776,484.27
$
Added / Omitted Taxes
12,019.10
5,788,503.37
$
Tax Levy:
Local School Tax
3,015,681.00
$
Municipal Open Space Tax
36,329.86
County Taxes:
County Tax
2,176,264.20
$
County Open Space Tax
36,526.50
Due County for Added and Omitted Taxes
4,611.15
2,217,401.85
Local Tax for Municipal Purposes
510,215.64
Rounding
1,467.07
Add: Added / Omitted Taxes
7,407.95
519,090.66
5,788,503.37
$
2020
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Taxes Receivable and Analysis of Property Tax Levy
For the Year Ended December 31, 2020
Collected
prior
-44-
16700
Exhibit SA-3
Balance December 31, 2019
395,417.84
$
Increased by:
Interest and Costs / Adjustments
3,895.56
$
Transfers from Taxes Receivable
122,618.33
126,513.89
521,931.73
Decreased by:
Adjustments
15,085.26
Collections
39,327.95
54,413.21
Balance December 31, 2020
467,518.52
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Tax Title Liens
For the Year Ended December 31, 2020
-45-
16700
Exhibit SA-4
Balance December 31, 2019
708.90
$
Increased by:
Cash Received
16,750.00
$
Prior Year Senior Citizens' and Veterans' Deductions
Disallowed by Tax Collector
-
16,750.00
17,458.90
Decreased by:
Levy -- Deductions per Tax Billing
17,250.00
$
Senior Citizens' and Veterans' Deductions
Granted by Tax Collector
500.00
17,750.00
Senior Citizens' and Veteran's Deductions
Disallowed by Tax Collector
(429.09)
17,320.91
Balance December 31, 2020
137.99
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
For the Year Ended December 31, 2020
Senior Citizens' and Veterans' Deductions
Statement of Due State of New Jersey
-46-
16700
Exhibit SA-5
Balance
Balance
Dec. 31, 2019
Accrued
Collected
Applied
Dec. 31, 2020
Miscellaneous Revenues
Fines and Costs - Municipal Court
21,092.84
$
21,092.84
$
Interest and Costs on Taxes
55,691.52
55,691.52
Interest on Investments and Deposits
6,804.97
6,804.97
Energy Receipts Tax (P.L. 1997, Chapters 162 & 167)
272,718.01
272,718.01
Public and Private Revenues Offset
JIF Optional Safety Grant
750.00
750.00
$
JIF Wellness Program
500.00
500.00
JIF EPL/Cyber Risk Management
1,000.00
1,000.00
JIF Safety Incentive Grant
2,000.00
2,000.00
Alcohol Education and Rehabilitation Fund
666.83
666.83
Clean Communities
8,636.56
8,636.56
Radon Program
2,000.00
2,000.00
Municipal Alliance
3,879.00
3,879.00
-
$
375,739.73
$
356,307.34
$
19,432.39
$
-
$
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Revenue Accounts Receivable
For the Year Ended December 31, 2020
-47-
16700
Statement of Appropriation Reserves
Balance
After
Paid or
Lapsed to
Encumbered
Reserved
Modification
Charged
Fund Balance
OPERATIONS -- WITHIN "CAPS"
General Government
Governing Body
Salaries and Wages
62.09
$
62.09
$
62.09
$
Other Expenses
21.26
21.26
21.26
Municipal Clerk
Salaries and Wages
3,577.08
3,577.08
3,577.08
Other Expenses
1,861.01
$
3,255.16
5,116.17
3,049.38
$
2,066.79
Financial Administration (Treasury)
Salaries and Wages
9.96
9.96
9.96
Other Expenses
197.07
3,585.74
3,782.81
275.50
3,507.31
Computerized Data Processing
Other Expenses
1,033.68
145.18
1,178.86
476.58
702.28
Revenue Administration (Tax Collection)
Salaries and Wages
4,620.69
4,620.69
4,620.69
Other Expenses
19.72
2,446.65
2,466.37
19.72
2,446.65
Tax Assessment Administration (Tax Assessor)
Salaries and Wages
1,258.60
1,258.60
1,258.60
Other Expenses
186.00
4,350.45
4,536.45
844.00
3,692.45
Legal Services (Legal Dept.)
Other Expenses
1,638.00
1,638.00
1,221.00
417.00
Lawsuit Defense
560.00
560.00
560.00
Liquidation of Tax Title Liens
500.00
500.00
500.00
Engineering Services
4,329.25
4,329.25
4,329.25
Land Use Administration
Planning Board
Salaries and Wages
9.96
9.96
9.96
Other Expenses
3,161.10
3,161.10
3,161.10
Zoning Board of Adjustment
Salaries and Wages
9.92
9.92
9.92
Other Expenses
400.00
400.00
400.00
Insurance
Liability Insurance
689.14
689.14
689.14
Workers Compensation Insurance
1,141.86
1,141.86
1,141.86
Employee Group Insurance
108.21
2,313.55
2,421.76
2,421.76
Public Safety
Office of Emergency Management (OEM)
Salaries and Wages
9.92
9.92
9.92
Other Expenses
1,712.20
1,712.20
1,712.20
Aid to Volunteer Fire Companies
1,000.00
1,000.00
1,000.00
Public Works
Streets and Road Maintenance
Salaries and Wages
14,731.05
14,731.05
14,731.05
Other Expenses
9,494.10
2,957.26
12,451.36
7,315.64
5,135.72
Solid Waste Collection
Other Expenses
5,068.60
5,068.60
4,201.58
867.02
Buildings and Grounds
Salaries and Wages
100.00
100.00
100.00
Other Expenses
3,274.02
803.73
4,077.75
757.99
3,319.76
Health and Human Services
Public Health Services (Board of Health)
Salaries and Wages
10.04
10.04
10.04
Other Expenses
13.59
345.41
359.00
359.00
Environmental Health Services
Salaries and Wages
300.00
300.00
300.00
Other Expenses
1,000.00
1,000.00
1,000.00
Animal Control Services
Other Expenses
1,258.00
1,258.00
1,258.00
(Continued)
TOWNSHIP OF MANNINGTON
CURRENT FUND
For the Year Ended December 31, 2020
Balance December 31, 2019
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, 2020
Balance December 31, 2019
Exhibit SA-6
Recreation
Recreation Services and Programs
Other Expenses
190.00
$
190.00
$
190.00
$
Municipal Court
Court Liaison
Salaries and Wages
10.00
10.00
10.00
Code Enforcement
Housing Officer
Salaries and Wages
0.04
0.04
0.04
Other Expenses
400.00
400.00
400.00
Unclassified
Electricity
3,329.65
3,329.65
351.11
$
2,978.54
Street Lighting
2,471.74
2,471.74
2,471.74
Telephone
681.27
681.27
681.27
Fuel Oil
973.02
973.02
286.30
686.72
Gasoline and Diesel Fuel
4,493.24
4,493.24
4,493.24
Fire Hydrants
7,154.80
7,154.80
3,781.60
3,373.20
Statutory Expenditures
Social Security System (O.A.S.I.)
1,976.71
1,976.71
1,976.71
Unemployment Compensation
752.22
752.22
752.22
Defined Contribution Retirement Program
21.00
$
748.00
769.00
21.00
748.00
OPERATIONS -- EXCLUDED FROM "CAPS"
Recycling Tax Appropriation
207.18
207.18
105.84
101.34
Shared Service Agreements
Municipal Court
9,133.57
9,133.57
7,304.61
1,828.96
Animal Control
3,400.00
3,400.00
3,400.00
16,208.40
$
103,303.29
$
119,511.69
$
30,011.85
$
89,499.84
$
-49-
16700
Exhibit SA-7
Statement of Prepaid Taxes
Balance December 31, 2019
95,642.54
$
Increased by:
Collections - 2021 Taxes
99,036.56
194,679.10
Decreased by:
Applied to 2020 Taxes Receivable
95,642.54
Balance December 31, 2020
99,036.56
$
Exhibit SA-8
Increased by:
County General Share of Levy
2,176,264.20
$
County Open Space Preservation Share of Levy
36,526.50
County General Share of Added / Omitted Taxes
4,611.15
2,217,401.85
$
Decreased by:
Disbursements
2,217,401.85
$
CURRENT FUND
For the Year Ended December 31, 2020
TOWNSHIP OF MANNINGTON
For the Year Ended December 31, 2020
CURRENT FUND
Statement of Due County Taxes
-50-
16700
Exhibit SA-9
Balance December 31, 2019
School Tax Payable
784,144.00
$
School Tax Deferred
400,000.00
1,184,144.00
$
Increased by:
Levy - School Year July 1, 2020 to June 30, 2021
3,015,681.00
4,199,825.00
Decreased by:
Disbursements
2,993,553.00
Balance December 31, 2020
School Tax Payable
806,272.00
School Tax Deferred
400,000.00
1,206,272.00
$
Exhibit SA-10
Balance December 31, 2019
28,158.66
$
Increased by:
Matching Funds
970.00
$
Adjustment - Appropriated Grant
75.00
Collected by Current Fund:
Local and State Grants Receivable
16,818.12
17,863.12
46,021.78
Decreased by:
Disbursed by Current Fund
13,923.20
Balance December 31, 2020
32,098.58
$
Statement of Due from Current Fund
For the Year Ended December 31, 2020
TOWNSHIP OF MANNINGTON
CURRENT FUND
Statement of Local School District Tax Payable
For the Year Ended December 31, 2020
FEDERAL AND STATE GRANT FUND
-51-
16700
Exhibit SA-11
Balance
Revenue
Received by
Adjustments /
Balance
Program
Dec. 31, 2019
Anticipated
Current Fund
Cancellations
Dec. 31, 2020
Local Grants:
JIF Safety Reimbursement
704.50
$
704.50
$
JIF Safety Incentive Grant
1,412.09
2,000.00
$
(1,213.54)
4,625.63
$
JIF Optional Safety Grant
42.43
750.00
792.43
$
JIF Wellness Program
695.12
500.00
686.08
509.04
JIF EPL/Cyber Risk Management
314.14
1,000.00
1,314.14
Total Local Grants
3,168.28
4,250.00
2,792.65
-
4,625.63
State Grants:
Clean Communities
8,636.56
8,636.56
Radon Test Kits
2,000.00
2,000.00
Alcohol Education and Rehabilitation Fund
666.83
666.83
Municipal Alliance
14,598.91
3,879.00
2,722.08
15,755.83
Total State Grants
14,598.91
15,182.39
14,025.47
-
15,755.83
17,767.19
$
19,432.39
$
16,818.12
$
-
$
20,381.46
$
TOWNSHIP OF MANNINGTON
FEDERAL AND STATE GRANT FUND
Statement of Local and State Grants Receivable
For the Year Ended December 31, 2020
-52-
16700
Exhibit SA-12
Transferred
Appropriated
from
Appropriated
Balance
Budget
Cash
Adjustments /
Balance
Program
Dec. 31, 2019
Appropriation
Disbursements
Cancellations
Dec. 31, 2020
Local Grants:
JIF Safety Reimbursement
1,940.87
$
1,940.87
$
JIF Safety Incentive Grant
2,368.79
2,000.00
$
2,143.51
$
(1,941.35)
4,166.63
$
JIF Optional Safety Grant
0.48
750.00
750.00
0.48
JIF Wellness Program
500.00
500.00
JIF EPL/Cyber Risk Management
1,000.00
1,000.00
Farmland Preservation
200.00
200.00
Total Local Grants
4,510.14
4,250.00
4,393.51
-
4,366.63
State Grants:
Clean Communities
14,078.26
8,636.56
5,061.16
(75.00)
17,728.66
Radon Test Kits
2,000.00
2,000.00
Stormwater Grant
1,467.00
1,467.00
Alcohol Education and Rehabilitation Fund
6,657.57
666.83
687.50
6,636.90
State Police SLA HEOP
3,131.00
3,131.00
Municipal Alliance
16,081.88
4,849.00
1,781.03
19,149.85
Total State Grants
41,415.71
16,152.39
9,529.69
(75.00)
48,113.41
45,925.85
$
20,402.39
$
13,923.20
$
(75.00)
$
52,480.04
$
Revenue
19,432.39
$
Matching Funds
970.00
20,402.39
$
TOWNSHIP OF MANNINGTON
FEDERAL AND STATE GRANT FUND
Statement of Reserve for Local and State Grants -- Appropriated
For the Year Ended December 31, 2020
-53-
SUPPLEMENTAL EXHIBITS
TRUST FUND
-54-
16700
Exhibit SB-1
Balance December 31, 2019
3,253.70
$
88,560.59
$
161,255.14
$
Increased by Receipts:
Dog License Fees Collected
3,667.00
$
Due to Current Fund - Interest Earnings
3.17
$
Reserve for:
Municipal Open Space
37,431.02
$
Escrow Deposits/Performance Bonds
60,745.04
Unemployment
15.50
Tax Title Lien Redemptions
41,240.13
Tax Title Lien Premiums
21,300.00
Storm Recovery
12,146.73
Veteran's Park
20.00
Payroll Withholdings
312,419.47
3,667.00
37,431.02
447,890.04
6,920.70
125,991.61
609,145.18
Decreased by Disbursements:
Due State Department of Health
379.80
Expenditures Under R.S. 4:19-15.11
4,195.53
Reserve for:
Municipal Open Space
28,458.00
Escrow Deposits/Performance Bonds
51,664.82
Unemployment
544.09
Tax Title Lien Redemptions
41,240.13
Tax Title Lien Premiums
2,000.00
Storm Recovery
5,382.20
Payroll Withholdings
311,488.35
4,575.33
28,458.00
412,319.59
Balance December 31, 2020
2,345.37
$
97,533.61
$
196,825.59
$
Animal Control
Other
TOWNSHIP OF MANNINGTON
TRUST FUNDS
Statement of Trust Cash
For the Year Ended December 31, 2020
Municipal Open Space
-55-
16700
Exhibit SB-2
Balance December 31, 2019
3,253.70
$
Increased by:
Dog License Fees Collected
3,667.00
6,920.70
Decreased by:
Due to State of New Jersey Board of Health
379.80
$
Expenditures Under R.S.4:19- 15.11
4,195.53
4,575.33
Balance December 31, 2020
2,345.37
$
License Fees Collected
Year
Amount
2019
9,834.00
$
2018
4,937.00
14,771.00
$
TOWNSHIP OF MANNINGTON
TRUST -- ANIMAL CONTROL FUND
Statement of Reserve for Animal Control Fund Expenditures
For the Year Ended December 31, 2020
-56-
16700
Exhibit SB-3
Increased by:
Transferred from Reserve for Dog Fund Expenditures
379.80
$
Decreased by:
Disbursements
379.80
$
Exhibit SB-4
Balance December 31, 2019
88,560.59
$
Increased by:
Budget Appropriation
1,000.00
$
Tax levy
36,329.86
Interest Earnings
101.16
37,431.02
125,991.61
Decreased by:
Disbursements
28,458.00
Balance December 31, 2020
97,533.61
$
For the Year Ended December 31, 2020
TOWNSHIP OF MANNINGTON
TRUST -- ANIMAL CONTROL FUND
Statement of Due to State of New Jersey
For the Year Ended December 31, 2020
TRUST -- MUNICIPAL OPEN SPACE FUND
Statement of Reserve for Future Use
-57-
16700
Exhibit SB-5
Increased by
Decreased by
Balance
Balance
Dec. 31, 2019
Receipts
Disbursements
Dec. 31, 2020
Reserve for:
Escrow Deposits/Performance Bonds
53,940.62
$
60,745.04
$
51,664.82
$
63,020.84
$
Unemployment
12,365.56
15.50
544.09
11,836.97
Tax Title Lien Redemptions
41,240.13
41,240.13
Tax Title Lien Premiums
3,050.00
21,300.00
2,000.00
22,350.00
Storm Recovery
81,975.60
12,146.73
5,382.20
88,740.13
Veteran's Park
629.41
20.00
649.41
Payroll Withholdings
4,481.04
312,419.47
311,488.35
5,412.16
156,442.23
$
447,886.87
$
412,319.59
$
192,009.51
$
TOWNSHIP OF MANNINGTON
TRUST -- OTHER FUNDS
Statement of Changes in Reserves
For the Year Ended December 31, 2020
-58-
SUPPLEMENTAL EXHIBITS
GENERAL CAPITAL FUND
-59-
16700
Exhibit SC-1
Balance December 31, 2019
240,483.38
$
Increased by Receipts:
Grants Receivable
20,231.82
$
Capital Improvement Fund
14,000.00
34,231.82
274,715.20
Decreased by Disbursements:
Reserve for Purchase of Computer Equipment
2,692.17
2,692.17
Balance December 31, 2020
272,023.03
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of General Capital Cash
For the Year Ended December 31, 2020
-60-
16700
Exhibit SC-2
Balance
Balance
(Deficit)
(Deficit)
Dec. 31, 2019
Receipts
Disbursements
To
From
Dec. 31, 2020
Capital Improvement Fund
180,250.00
$
14,000.00
$
194,250.00
$
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
2,692.17
$
198.75
Improvement Authorizations:
Ordinance
Number
13-05
10,000.00
10,000.00
05-08
50,000.00
50,000.00
06-12
106.87
106.87
03-15
4,043.50
4,043.50
05-18
(16,414.73)
20,231.82
3,817.09
240,483.38
$
34,231.82
$
2,692.17
$
-
$
-
$
272,023.03
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Analysis of General Capital Cash
For the Year Ended December 31, 2020
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, 2019
Authorizations
Appropriations
Dec. 31, 2020
Expenditures
Notes
Authorization
05-08
Acquisition of Farmland Preservation Easement
50,000.00
$
-
$
-
$
50,000.00
$
-
$
-
$
-
$
Analysis of Balance
Dec. 31, 2020
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Deferred Charges to Future Taxation -- Unfunded
For the Year Ended December 31, 2020
-62-
16700
Exhibit SC-4
Balance
Increased by
Decreased by
Balance
Dec. 31, 2019
Dec. 31, 2020
Improvement Description
Number
Amount
Funded
Unfunded
Authorizations
Canceled
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
106.87
106.87
2015 Road Program
03-15
50,000.00
4,043.50
4,043.50
Resurfacing of Municipal Roads
05-18
280,450.00
19,835.27
16,018.18
$
3,817.09
83,985.64
$
50,000.00
$
-
$
16,018.18
$
67,967.46
$
50,000.00
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Improvement Authorizations
For the Year Ended December 31, 2020
Ordinance
-63-
16700
Exhibit SC-5
Balance December 31, 2019
180,250.00
$
Increased by:
Budget Appropriation - Current Fund
14,000.00
Balance December 31, 2020
194,250.00
$
TOWNSHIP OF MANNINGTON
GENERAL CAPITAL FUND
Statement of Capital Improvement Fund
For the Year Ended December 31, 2020
-64-
16700
Exhibit SC-6
Balance
Dec. 31, 2019
Ordinance
and
Number
Improvement Description
Dec. 31, 2020
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, 2020
-65-
PART 2
SCHEDULE OF FINDINGS AND RECOMMENDATIONS
FOR THE YEAR ENDED DECEMBER 31, 2020
-66-
16700
TOWNSHIP OF MANNINGTON
Schedule of Findings and Recommendations
For the Year Ended December 31, 2020
Schedule of Financial Statement Findings
This section identifies the significant deficiencies, material weaknesses, fraud, noncompliance with provisions of laws,
regulations, contracts, and grant agreements related to financial statements for which Government Auditing Standards
and audit requirements as prescribed by the Division of Local Government Services, Department of Community Affairs,
State of New Jersey, requires.
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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"...2 395,417.84 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 7.83 4.66..."
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