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Executive Summary
This document is an Annual Financial Statement for the Borough of Mount Arlington, Morris County, New Jersey, for the year 2017. It includes detailed financial information required under New Jersey Statutes Annotated 40A:5-12, covering various funds, including the Current Fund, Trust Funds, and General Capital Fund. The statement is unaudited and encompasses certifications from the Chief Financial Officer and the Registered Municipal Accountant. The document contains several schedules including, cash reconciliations, trust fund reserves, delinquent taxes, and debt service.
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Document Text
--- Document: 2017 Document ---
707,693,000
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES
ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO
CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT
SERVICES.
of
,County of
Date
1
2
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and
can be supported upon demand by a register or other detailed analysis.
Francis Jones of Nisivoccia LLP
Registered Municipal Accountant
REQUIRED CERTIFICATION BY CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement, (which I have prepared) or
(which I have not prepared) [eliminate one] and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.
Further, I do hereby certify that I
, am the Chief Financial
Officer, License #
, of the
of
, County of
and that the
statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at
December 31, 2017, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as
to the veracity of required information included herein, needed prior to certification by the Director of Local Govern-
ment Services, including the verification of cash balances as of December 31, 2017.
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED
BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL
STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS
AND ASSERTIONS MADE HEREIN.
973-398-8662
Preliminary Check
Borough
Email
crinaldi@mtarlingtonboro.com
Phone Number
Fax Number
Mount Arlington
419 Howard Boulevard, Mt. Arlington, NJ
973-398-6832
Signature
Address
N-902
Title
Morris
Chief Financial Officer
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
Carolyn Rinaldi
Examined
Signature
Title
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017
(UNAUDITED)
5,455
MUNICIPALITIES - FEBRUARY 10, 2018
MUNICODE
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2017
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2018
1426
Borough
Examined By:
Morris
Mount Arlington
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.
DO NOT USE THESE SPACES
Sheet 1
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statements and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the
of
as of December 31,
and have applied certain agreed-upon procedures thereon
as promulgated by the Division of Local Government Services, solely to assist the Chief Financial
Officer in connection with the filing of the Annual Financial Statement for the year then ended
as required by N.J.S. 40A:5-12, as amended.
Because the agreed-upon procedures do not constitute an examination of accounts made in
accordance with generally accepted auditing standards, I do not express an opinion on any of
the post-closing trial balances, related statements and analyses. In connection with the agreed-
upon procedures, (except for circumstances as set forth below, no matters) or (no matters)
[eliminate one] came to my attention that caused me to believe that the Annual Financial
Statement for the year ended 2017 is not in substantial compliance with the requirements of
the State of New Jersey, Department of Community Affairs, Division of Local Government
Services. Had I performed additional procedures or had I made an examination of the finan-
cial statements in accordance with generally accepted auditing standards, other matters might
have come to my attention that would have been reported to the governing body and the Divi-
sion. This Annual Financial Statement relates only to the accounts and items prescribed by the
Division and does not extend to the financial statements of the municipality/county, taken as a
whole.
Listing of agreed upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:
NONE
Francis Jones
Nisivoccia LLP
200 Valley Road, Suite 300
Certified by me
Mount Arlington, New Jersey 07856
this
13th
day of
, 2018.
bjones@nisivoccia.com
February
(Email)
973-328-0507
973-328-1825
(Fax Number)
(Phone Number)
(Address)
(Registered Municipal Accountant)
Borough
Mount Arlington
2017
(Firm Name)
(Address)
Sheet 1a
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
CERTIFICATION OF QUALIFYING MUNICIPALITY
1.
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2.
All emergencies approved for the previous fiscal year did not exceed 3% of total
appropriations;
3.
The tax collection rate exceeded 90%;
4.
Total deferred charges did not equal or exceed 4% of the total tax levy;
5.
There were no "procedural deficiencies" noted by the registered municipal
accountant on Sheet 1a of the Annual Financial Statement; and
6.
There was no operating deficit for the previous fiscal year.
7.
The municipality did not conduct an accelerated tax sale for less than 3 consecutive
years.
8.
The municipality did not conduct a tax levy sale the previous fiscal year and does
not plan to conduct one in the current year.
9.
The current year budget does not contain a levy or appropriation "CAP" referendum.
10.
The municipality will not apply for Transitional Aid for 2018.
The undersigned certifies that this municipality has complied in full in meeting ALL
of the above criteria in determining its qualification for local examination of its Budget
in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Borough of Mount Arlington
Chief Financial Officer:
Carolyn Rinaldi
Signature:
Certificate #:
N-902
Date:
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
The undersigned certifies that this municipality does not meet item(s) #_________
___________________ of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Borough of Mount Arlington
Temporary Chief Financial Officer:
Carolyn Rinaldi
Signature:
Certificate #:
N-902
Date:
Sheet 1b
Fiscal Year Ending:
TOTAL
Type of Audit required by US Uniform Guidance and NJ OMB 15-08:
N/A
Single Audit
N/A
Program Specific Audit
X
Financial Statement Audit Performed in Accordance
With Government Auditing Standards (Yellow Book)
Note:
(1)
Report expenditures from federal pass-through programs received directly from state government.
Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance
(CFDA) number reported in the State's grant/contract agreements.
(2)
Report expenditures from state programs received directly from state government or indirectly from
pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there
are no compliance requirements.
(3)
Report expenditures from federal programs received directly from the federal government or indi-
rectly from entities other than state government.
12/31/2017
Municipality
(2)
State
Programs
Expended
County
-0-
$
33,610.04
$
(1)
Federal programs
Expended
(administered by
the State)
Signature of Chief Financial Officer
Date
All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of
audit required to comply with US Uniform Guidance and NJ OMB 15-08. The single audit
threshold has been increased to $750,000 beginning with the fiscal year starting 1/1/2015.
(3)
Other Federal
Programs
Expended
22-6002114
Report of Federal and State Financial Assistance
Expenditure of Awards
Fed I.D. #
Borough of Mount Arlington
Morris
Sheet 1c
INSTRUCTION
The following certification is to be used ONLY in the event there is NO municipally oper-
ated utility.
If there is a utility operated by the municipality or if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the docu-
ment.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
of
Mount Arlington
,
County of
during the year 2017 and that sheets 40 to 68 are unnec-
essary.
I have therefore removed from this statement the sheets pertaining only to utilities
Name
Title
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Munici-
pal Accountant.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2018 and filed with the County Board of Taxation on January 10, 2018 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
.
Borough of Mount Arlington
Morris
MUNICIPALITY
COUNTY
SIGNATURE OF ASSESSOR
IMPORTANT!
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017
Morris
Borough
Registered Municipal Accountant
Sheet 2
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS OF DECEMBER 31, 2017
Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" - - Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Credit
Cash and Cash Equivalents
6,196,850.46
Change Fund
675.00
Subtotal Cash
6,197,525.46
Due from State of New Jersey:
Senior Citizens and Veterans Deductions
31,370.12
Receivables and Other Assets With Full Reserves:
Delinquent Property Taxes Receivable
346,004.20
Tax Title Liens Receivable
50,006.40
396,010.60
Sewer Liens Receivable
7,466.40
Property Acquired for Taxes
491,900.00
Grants Receivable
753,901.80
Garbage Collection Fees Receivable
67,903.86
Sewer and Water Fees Receivable
509,309.29
Due From Animal Control Fund
3,573.45
Due From General Capital Fund
129.34
Subtotal Receivables and Other Assets With Full Reserves
2,230,194.74
(Do not crowd - add additional sheets)
Sheet 3
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS OF DECEMBER 31, 2017
Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" - - Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Credit
Appropriation Reserves:
Encumbered
499,259.44
Unencumbered
878,711.67
1,377,971.11
Due State of New Jersey:
Marriage License Fees
250.00
Building Surcharge Fees
2,804.00
Accounts Payable
64,985.22
Prepaid Taxes
896,481.92
Tax Overpayments
13,009.73
Due Other Trust Funds
175,359.56
Reserve for:
Appropriated Grants
720,498.34
Unappropriated Grants
65,002.45
Cash Bonds
19,250.00
Water Bonds
1,800.00
Sewer Bonds
2,300.00
Deposit on Sale of Property
2,750.00
Sale of Municipal Assets
50,735.48
Third Party Tax Title Liens
Pending Tax Appeals
550,000.00
Litigation
325,000.00
4,268,197.81
"C"
Reserve for Receivables and Other Assets
2,230,194.74
Fund Balance
1,960,697.77
Totals
8,459,090.32
8,459,090.32
(Do not crowd - add additional sheets)
Sheet 3a
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2*
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
(Do not crowd - add additional sheets)
* To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Sheet 4
N/A
POST CLOSING TRIAL BALANCE -
FEDERAL AND STATE GRANTS
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
(Do not crowd - add additional sheets)
Sheet 5
N/A
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Animal Control Fund:
Cash and Cash Equivalents
18,745.05
Change Fund
75.00
Due State of New Jersey
0.60
Due Current Fund
3,573.45
Reserve for Animal Control Expenditures
15,247.20
Total Animal Control Fund
18,820.65
18,820.65
Other Trust Funds:
Cash and Cash Equivalents
2,417,915.43
Sewer Connection Receivable
19,913.55
Due Current Fund
175,359.56
Reserves - Other Trust Fund
2,613,188.54
Total Other Trust Funds
2,613,188.54
2,613,188.54
(Do not crowd - add additional sheets)
Sheet 6
MUNICIPAL PUBLIC DEFENDER
CERTIFICATION
Public Law 1998, C. 256
Municipal Public Defender Expended Prior Year 2016:
(1)
$
x
25%
(2)
$
Municipal Public Defender Trust Cash Balance December 31, 2017:
(3)
$ *
-0-
Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than
25% the amount which the municipality expended during the prior year providing the services of a municipal
public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition
and Review Collection Fund administered by the Victims of Crime Compensation Board. (P.O. Box 084,
Trenton, NJ 08625)
Amount in excess of the amount expended: 3- (1 + 2) =
$
N/A
* - Municipal Share
The undersigned certifies that the municipality has com-
plied with the regulations governing Municipal Public Defender as required under Public Law 1998, C. 256.
Chief Financial Officer:
Signature:
Certificate #:
Date:
Carolyn Rinaldi
N-902
Sheet 6a
Schedule of Trust Fund Reserves
Purpose
Amount
Receipts
Disbursements
Balance
Dec. 31, 2016
as at
per Audit
Dec. 31, 2017
Report
1.
Special Deposits
600,273.71
$
1,362,131.98
$
1,372,055.23
$
590,350.46
$
2.
Unemployment
118,888.26
3,625.13
587.63
121,925.76
3.
Landfill Escrow
56,769.88
29.63
56,799.51
4.
Low Income Sewer Fees
842.96
842.96
5.
Water Hook-up Fees
193,200.00
193,200.00
6.
Sewer Connection Fees
730,230.43
730,230.43
7.
Affordable Housing
18,462.43
1.42
16,683.00
1,780.85
8.
Recreation Commission
25,283.73
24,190.55
32,783.88
16,690.40
9.
Police Outside Duty
21,481.41
58,728.37
65,893.62
14,316.16
10.
Parking Offense Adjudication Act
461.00
461.00
11.
Forfeited Assets
32,369.36
449.20
14,818.56
18,000.00
13.
Tax Sale Premiums
383,200.00
46,500.00
190,300.00
239,400.00
14.
Storm Recovery
390,525.00
50,000.00
440,525.00
15.
Accrued Compensated Absences
15,000.00
10,000.00
25,000.00
16.
Self Insurance Deductible
50,000.00
50,000.00
100,000.00
17.
Third Party Tax Title Liens
63,666.01
63,666.01
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
Totals:
2,636,988.17
$
1,669,322.29
$
1,693,121.92
$
2,613,188.54
$
Sheet 6b
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENT PLEDGED TO
LIABILITIES AND SURPLUS
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2016
Assessments
Current
Disbursements
Dec. 31, 2017
and Liens
Budget
Assessment Serial Bond Issues:
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
Assessment Bond Anticipation Note Issues:
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
Other Liabilities
Trust Surplus
Less Assets "Unfinanced"
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
Sheet 7
RECEIPTS
N/A
Sheet 7
POST CLOSING
TRIAL BALANCE - GENERAL CAPITAL FUND
AS OF DECEMBER 31, 2017
Title of Account
Debit
Credit
Est. Proceeds Bonds and Notes Authorized
150,000.00
XXXXXXXXX
Bonds and Notes Authorized but Not Issued
XXXXXXXXX
150,000.00
Cash and Cash Equivalents
496,196.06
Deferred Charges to Future Taxation:
Funded
3,055,000.00
Unfunded
150,000.00
Due from Township of Roxbury
5,318.50
NJ DOT Grant Receivable
87,887.53
Due from County of Morris
556,624.00
Due from NJ Forestry Service
1,750.00
Due from NJ Department of Environmental Protection
71,457.21
Due Current Fund
129.34
Serial Bonds Payable
3,055,000.00
Improvement Authorizations:
Funded
443,055.18
Unfunded
135,333.28
Capital Improvement Fund
36,851.11
Reserve for:
Grants Receivable
717,718.74
Henry Court and Schmitz Terrace Water Project
801.21
Infrastructure Developement
8,250.90
Borough Hall Space Planning
902.50
Payment of Debt Service
150.00
Fund Balance
26,041.04
Totals
4,574,233.30
4,574,233.30
(Do not crowd - add additional sheets)
Sheet 8
CASH RECONCILIATION DECEMBER 31, 2017
Less Checks
Cash Book
* On Hand
On Deposit
Outstanding
Balance
Current
675.00
7,697,343.02
1,500,492.56
6,197,525.46
Trust - Assessment N/A
Trust - Dog License
75.00
18,745.05
18,820.05
Trust - Other
2,417,915.43
2,417,915.43
Capital - General
496,196.06
496,196.06
Water - Operating N/A
Water - Capital N/A
Utility Assessment Trust N/A
Public Assistance **
Special Garbage District N/A
Sewer - Operating N/A
Sewer - Capital N/A
Federal and State Grant Fund N/A
750.00
10,630,199.56
1,500,492.56
9,130,457.00
* Include Deposits in Transit
** Be sure to include Public Assistance reconciliation and trial balance if the municipality maintains such a bank
account
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2017.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbooks at December 31, 2017.
All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR
CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature:__________________________________________
Title:
Total
Registered Municipal Accountant
Cash
Sheet 9
CASH RECONCILIATION DECEMBER 31, 2017 (cont'd.)
LIST BANKS AND AMOUNT SUPPORTING "CASH ON DEPOSIT"
Current Fund:
PNC# 81-3182-1411
6,188,132.61
PNC# 81-3182-1331
1,500,492.59
NJCM # 117-110442-171
8,717.82
Subtotal
7,697,343.02
Animal Control Fund:
PNC# 81-3182-1358
18,745.05
Other Trust Fund:
PNC# 81-3145-7226
1,737,779.20
PNC# 81-3160-1187
1,780.85
PNC# 81-3160-1208
56,799.51
PNC# 81-3182-1374
18,000.00
BANK OF AMERICA# 9523114016
590,350.46
NJCM# 171-000129925
13,205.41
Subtotal
2,417,915.43
General Capital Fund:
PNC# 81-3182-1366
492,227.50
NJCM # 171-000110450
3,968.56
Subtotal
496,196.06
Total All Banks
10,630,199.56
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
Sheet 9a
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
2017
Transferred
Grant
Balance
Budget
Cash
From
Balance
Jan. 1, 2017
Revenue
Receipts
Unappropriated
Dec. 31, 2017
Realized
Reserves
Recycling Tonnage Grant
6,519.22
6,519.22
Sustainable New Jersey
10,000.00
10,000.00
Highlands Plan Conformance Grant
25,000.00
25,000.00
Forestry No Not Loss Grant Agreement
108,600.00
108,600.00
Haz Mit Grant Kadel Water Pump Generator
39,995.00
39,995.00
Haz Mit Grant (4) Generators Project
34,755.02
34,755.02
Click It or Ticket
3,962.20
3,962.20
Highlands - Plan Conformance
38,663.50
38,663.50
Highlands - Initial Assessment
61.25
61.25
Bulletproof Vest Partnership Grant
768.05
768.05
Distracted Driving Statewide Crackdown Grant
5,500.00
5,236.44
263.56
Drive Sober or Get Pulled Over
5,500.00
5,500.00
NJ Department of Transportation - Kadel Drive
250,000.00
250,000.00
Assistance to Firefighters Grant Program
229,814.00
229,814.00
Totals
267,556.19
491,582.05
5,236.44
753,901.80
Sheet 10
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred
Grant
Balance
from 2017
Cash
Encumbrances
Balance
Jan. 1, 2017
Budget
Disbursed
Cancelled
Dec. 31, 2017
Appropriations
Clean Communities Grant
38,296.32
1,906.64
36,389.68
Drunk Driving Enforcement
1,279.67
1,136.17
143.50
Recycling Tonnage Grant
5,087.55
1,931.49
5,087.55
1,931.49
Click It or Ticket
3,962.20
3,962.20
Body Armor Replacement Fund
944.07
1,622.78
944.07
1,622.78
Sustainable New Jersey
20,000.00
19,299.17
700.83
Highlands Plan Conformance Grant
12,846.00
12,846.00
Forestry No Not Loss Grant Agreement
108,600.00
108,600.00
Hazard Mitigation Grant (4) Generators Project
55,905.00
55,905.00
Highlands - Initial Assessment
61.25
61.25
Walkathon
500.00
500.00
Bulletproof Vest Partnership Grant
768.05
768.05
Distracted Driving Statewide Crackdown Grant
5,500.00
5,236.44
263.56
Drive Sober or Get Pulled Over
5,500.00
5,500.00
NJ Department of Transportation - Kadel Drive
250,000.00
250,000.00
Assistance to Firefighters Grant Program
229,814.00
229,814.00
Assistance to Firefighters Grant Program - Local Match
11,490.00
11,490.00
Totals
247,482.06
506,626.32
33,610.04
720,498.34
Sheet 11
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred
Grant
Balance
Cash
to 2017
Balance
Jan. 1, 2017
Receipts
Budget
Dec. 31, 2017
Revenue
Recycling Tonnage Grant
2,841.01
11,478.23
14,319.24
Body Armor Replacement Fund
5,027.42
1,624.83
1,622.78
5,029.47
Drunk Driving Enforcement Fund
26,302.70
11,960.03
38,262.73
Clean Communities
6,410.99
2,911.51
1,931.49
7,391.01
Totals
40,582.12
27,974.60
3,554.27
65,002.45
Sheet 12
* LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance January 1, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85001-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016 - 2017)
Levy School Year July 1, 2017 - June 30, 2018
XXXXXXX
Levy Calendar Year 2017
XXXXXXX
10,312,460.00
Paid
10,312,460.00
XXXXXXX
Balance December 31, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85003-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2017 - 2018)
10,312,460.00
10,312,460.00
MUNICIPAL OPEN SPACE TAX - N/A
Debit
Credit
Balance January 1, 2017
85045-00
XXXXXXX
2017 Levy
85105-00
XXXXXXX
Interest Earned
XXXXXXX
Expenditures
XXXXXXX
Balance December 31, 2017
85046-00
XXXXXXX
85002-00
85004-00
XXXXXXX
XXXXXXX
* Not including Type I school debt service, emergency authorizations-schools, transfer to
Board of Education for use of Local Schools.
# Must include unpaid requisitions.
Sheet 13
REGIONAL SCHOOL TAX
(Provide a separate statement for each Regional District involved)
Debit
Credit
Balance January 1, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85031-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016 - 2017)
Levy School Year July 1, 2017 - June 30, 2018
XXXXXXX
Levy Calendar Year 2017
XXXXXXX
Paid
XXXXXXX
Balance December 31, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85033-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2017 - 2018)
REGIONAL HIGH SCHOOL TAX
Debit
Credit
Balance January 1, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85041-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016 - 2017)
Levy School Year July 1, 2017 - June 30, 2018
XXXXXXX
Levy Calendar Year 2017
XXXXXXX
Paid
XXXXXXX
Balance December 31, 2017
XXXXXXX
XXXXXXX
School Tax Payable #
85043-00
XXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2017 - 2018)
85044-00
XXXXXXX
85032-00
85034-00
XXXXXXX
XXXXXXX
85042-00
XXXXXXX
# Must include unpaid requisitions.
# Must include unpaid requisitions.
Sheet 14
N/A
COUNTY TAXES PAYABLE
Debit
Credit
Balance January 1, 2017
XXXXXXX
XXXXXXX
County Taxes
80003-01
XXXXXXX
Due County for Added and Omitted Taxes
80003-02
XXXXXXX
2017 Levy
XXXXXXX
XXXXXXX
General County
80003-03
XXXXXXX
2,033,544.76
County Library
80003-04
XXXXXXX
County Health
XXXXXXX
County Open Space Preservation
XXXXXXX
Due County for Added and Omitted Taxes
80003-05
XXXXXXX
13,866.65
Paid
2,047,411.41
XXXXXXX
Balance December 31, 2017
XXXXXXX
XXXXXXX
County Taxes
XXXXXXX
Due County for Added and Omitted Taxes
XXXXXXX
2,047,411.41
2,047,411.41
SPECIAL DISTRICT TAXES - N/A
Debit
Credit
Balance January 1, 2017
80003-06
XXXXXXX
2017 Levy: (List Each Type of District Tax Separately - see Footnote)
XXXXXXX
XXXXXXX
Fire -
81108-00
XXXXXXX
XXXXXXX
Sewer -
81111-00
XXXXXXX
XXXXXXX
Water -
81112-00
XXXXXXX
XXXXXXX
Garbage -
81109-00
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
Total 2017 Levy
80003-07
XXXXXXX
Paid
80003-08
XXXXXXX
Balance December 31, 2017
80003-09
XXXXXXX
Footnote: Please state the number of districts in each instance.
Sheet 15
STATE LIBRARY AID
RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID
Debit
Credit
Balance January 1, 2017
80004-01
XXXXXXX
State Library Aid Received in 2017
80004-02
XXXXXXX
Expended
80004-09
XXXXXXX
Balance December 31, 2017
80004-10
RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Balance January 1, 2017
80004-03
XXXXXXX
State Library Aid Received in 2017
80004-04
XXXXXXX
Expended
80004-11
XXXXXXX
Balance December 31, 2017
80004-12
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:54-35)
Balance January 1, 2017
80004-05
XXXXXXX
State Library Aid Received in 2017
80004-06
XXXXXXX
Expended
80004-13
XXXXXXX
Balance December 31, 2017
80004-14
RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID
Balance January 1, 2017
80004-07
XXXXXXX
State Library Aid Received in 2017
80004-08
XXXXXXX
Expended
80004-15
XXXXXXX
Balance December 31, 2017
80004-16
Sheet 16
N/A
Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
80101-
1,011,840.00
1,011,840.00
Surplus Anticipated with Prior Written Consent of
Director of Local Government
80102-
Miscellaneous Revenue Anticipated:
XXXXXXX
XXXXXXX
XXXXXXX
Adopted Budget
3,350,132.73
3,844,256.44
494,123.71
Added by N.J.S. 40A:4-87:(List on 17a)
491,582.05
491,582.05
See listing on Sheet 17a
Total Miscellaneous Revenue Anticipated
80103-
3,841,714.78
4,335,838.49
494,123.71
Receipts from Delinquent Taxes
80104-
213,000.00
383,263.91
170,263.91
Amount to be Raised by Taxation:
XXXXXXX
XXXXXXX
XXXXXXX
(a) Local Tax for Municipal Purposes
80105-
6,042,322.95
XXXXXXX
XXXXXXX
(b) Addition to Local District School Tax
80106-
XXXXXXX
XXXXXXX
Total Amount to be Raised by Taxation
80107-
6,042,322.95
6,208,454.11
166,131.16
11,108,877.73
11,939,396.51
830,518.78
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
80108-00
XXXXXXX
18,167,925.52
Amount to be Raised by Taxation
XXXXXXX
XXXXXXX
Local District School Tax
80109-00
10,312,460.00
XXXXXXX
Regional School Tax
80119-00
XXXXXXX
Regional High School Tax
80110-00
XXXXXXX
County Taxes
80111-00
2,033,544.76
XXXXXXX
Due County for Added and Omitted Taxes
80112-00
13,866.65
XXXXXXX
Special District Taxes
80113-00
XXXXXXX
Municipal Open Space Tax
80120-00
XXXXXXX
Reserve for Uncollected Taxes
80114-00
XXXXXXX
400,400.00
Deficit in Required Collection of Current Taxes (or)
80115-00
XXXXXXX
Balance for Support of Municipal Budget (or)
80116-00
6,208,454.11
XXXXXXX
*Excess Non-Budget Revenue (see footnote)
80117-00
XXXXXXX
*Deficit Non-Budget Revenue (see footnote)
80118-00
XXXXXXX
18,568,325.52
18,568,325.52
Source
STATEMENT OF GENERAL BUDGET REVENUES 2017
ALLOCATION OF CURRENT TAX COLLECTIONS
* These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget"
column of the statement at the top of this sheet. In such instances, any excess or deficit in the above
allocation would apply to "Non-Budget Revenue" only.
Sheet 17
Budget
Realized
Excess or Deficit
Bulletproof Vest Partnership Grant
768.05
768.05
Distracted Driving Statewide Crackdown Grant
5,500.00
5,500.00
Drive Sober or Get Pulled Over
5,500.00
5,500.00
NJ Department of Transportation - Kadel Drive
250,000.00
250,000.00
Assistance to Firefighters Grant Program
229,814.00
229,814.00
Total (Sheet 17)
491,582.05
491,582.05
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A 40A: 4-87 and matching funds have been provided if applicable.
CFO Signature:________________________________________________________
Source
(Continued)
STATEMENT OF GENERAL BUDGET REVENUES 2017
Miscellaneous Revenues Anticipated: Added by N.J.S. 40A:4-87
Sheet 17a
2017 Budget as Adopted
80012-01
10,617,295.68
2017 Budget - Added by N.J.S. 40A:4-87
80012-02
491,582.05
Appropriated for 2017 (Budget Statement Item 9)
80012-03
11,108,877.73
Appropriated for 2017 by Emergency Appropriation (Budget Statement Item 9)
80012-04
Total General Appropriations (Budget Statement Item 9)
80012-05
11,108,877.73
Add: Overexpenditures (see footnote)
80012-06
Total Appropriations and Overexpenditures
80012-07
11,108,877.73
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
80012-08
9,829,766.06
Paid or Charged - Reserve for Uncollected Taxes
80012-09
400,400.00
Reserved
80012-10
878,711.67
Total Expenditures
80012-11
11,108,877.73
Unexpended Balances Canceled (see footnote)
80012-12
2017 Authorizations
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2017
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES - N/A
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
FOOTNOTES - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures"
must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled".
Sheet 18
Debit
Credit
Excess of Anticipated Revenues:
XXXXXXX
XXXXXXX
Miscellaneous Revenues Anticipated
80013-01
XXXXXXX
494,123.71
Delinquent Tax Collections
80013-02
XXXXXXX
170,263.91
Required Collection of Current Taxes
80013-03
XXXXXXX
166,131.16
Unexpended Balances of 2017 Budget Appropriations
80013-04
XXXXXXX
Miscellaneous Revenue Not Anticipated
81113-
XXXXXXX
496,113.28
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
81114-
XXXXXXX
Payments in Lieu of Taxes on Real Property
81120-
XXXXXXX
Sale of Municipal Assets
XXXXXXX
Unexpended Balances of 2016 Appropriation Reserves
80013-05
XXXXXXX
1,037,318.74
Prior Years Interfunds Returned in 2017
80013-06
XXXXXXX
13,544.62
Accounts Payable Cancelled
XXXXXXX
Sewer and Water Fee Receivable Cancelled
XXXXXXX
Garbage Collection Fee Receivable Cancelled
XXXXXXX
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
XXXXXXX
XXXXXXX
Balance January 1, 2017
80013-07
XXXXXXX
Balance December 31, 2017
80013-08
XXXXXXX
Deficit in Anticipated Revenues:
XXXXXXX
XXXXXXX
Miscellaneous Revenues Anticipated
80013-09
XXXXXXX
Delinquent Tax Collections
80013-10
XXXXXXX
Required Collection of Current Taxes
80013-11
XXXXXXX
Interfund Advances Originating in 2017
80013-12
3,702.88
XXXXXXX
Refund of Prior Year Revenues
XXXXXXX
Pending Tax Appeals
175,500.00
XXXXXXX
Reserve for Litigation
216,165.14
XXXXXXX
Senior Citizen Deduction Disallowed - Prior Year Taxes
XXXXXXX
Reserve for Grants Receivable - General Capital Fund
225,431.61
XXXXXXX
Other Trust Fund Reserves
110,000.00
XXXXXXX
Increase in Grant Receivables
486,345.61
XXXXXXX
XXXXXXX
Deficit Balance - To Trial Balance (Sheet 3)
80013-13
XXXXXXX
Surplus Balance - To Surplus (Sheet 21)
80013-14
1,160,350.18
XXXXXXX
2,377,495.42
2,377,495.42
RESULTS OF 2017 OPERATION
CURRENT FUND
Sheet 19
Source
Amount Realized
Cable Television Franchise Fees
$31,630.00
Zoning Fees
14,089.00
MCJIF Claims Refund
923.00
Recycling Rebate
1,218.40
Septic and Well
4,240.00
Payment in Lieu of Taxes
422,969.00
Towing
800.00
Copies
683.00
Duplicate Tax Bills
21.00
Civic Center Rental
600.00
Interest on Investments
9,711.00
Other Miscellaneous Receipts/Refunds
8,963.97
Animal Control Statutory Excess - Due Current Fund
264.91
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
496,113.28
NOT ANTICIPATED
SCHEDULE OF MISCELLANEOUS REVENUES
Sheet 20
Debit
Credit
1.
Balance January 1, 2017
80014-01
XXXXXXX
1,812,187.59
2.
XXXXXXX
3.
Excess Resulting from 2017 Operations
80014-02
XXXXXXX
1,160,350.18
4.
Amount Appropriated in the 2017 Budget - Cash
80014-03
1,011,840.00
XXXXXXX
5.
Amount Appropriated in 2017 Budget - with Prior Writ-
ten Consent of Director of Local Government Services
80014-04
XXXXXXX
6.
XXXXXXX
7.
Balance December 31, 2017
80014-05
1,960,697.77
XXXXXXX
2,972,537.77
2,972,537.77
Cash
80014-06
6,197,525.46
Investments
80014-07
Sub Total
6,197,525.46
Deduct Cash Liabilities Marked with "C" on Trial Balance
80014-08
4,268,197.81
Cash Surplus
80014-09
1,929,327.65
Deficit in Cash Surplus
80014-10
Other Assets Pledged to Surplus: *
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
80014-16
31,370.12
Deferred Charges #
80014-12
Cash Deficit #
80014-13
Due from State of N.J. Grants
Total Other Assets
80014-14
31,370.12
80014-15
1,960,697.77
SURPLUS - CURRENT FUND
YEAR 2017
ANALYSIS OF BALANCE DECEMBER 31, 2017
(FROM CURRENT FUND - TRIAL BALANCE)
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS","OTHER ASSETS
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2010 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S.
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
Sheet 21
(FOR MUNICIPALITIES ONLY)
1.
Amount of Levy as per Duplicate (Analysis) #
82101-00
$
or
(Abstract of Ratables)
82113-00
$
2.
Amount of Levy Special District Taxes
82102-00
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
82103-00
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
82104-00
$
5a.
Subtotal 2017 Levy
$
18,518,079.29
5b.
Reductions due to tax appeals**
$
5c.
Total 2017 Tax Levy
82106-00
$
6.
Transferred to Tax Title Liens
82107-00
$
7.
Transferred to Foreclosed Property
82108-00
$
8.
Remitted, Abated or Canceled
82109-00
$
9.
Discount Allowed
82110-00
$
10.
Collected in Cash:
In 2016
82121-00 $
In 2017 *
82122-00 $
State's Share of 2017 Senior Citizens
and Veterans Deductions Allowed
82123-00 $
R.E.A.P. Revenue
82124-00 $
Total to Line 14
82111-00 $
11.
Total Credits
$
12.
Amount Outstanding December 31, 2017
83120-00
$
13.
Percentage of Cash Collections to Total 2017 Levy,
(Item 10 divided by Item 5c) is
98.10%
82112-00
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a.
14.
Calculation of Current Taxes Realized in Cash:
Total of Line 10
$
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
18,167,925.52
Note A:
In Showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 / $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%
# Note:
On Items 1 if Duplicate (Analysis) Figure is used; be sure to include
Senior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2017 collections.
** Tax Appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution by the governing
body prior to introduction of municipal budget.
125,136.86
CURRENT TAXES - 2017 LEVY
137,942.39
18,392,942.43
18,518,079.29
6,839.23
2,947.38
18,167,925.52
17,974,733.13
55,250.00
18,167,925.52
18,177,712.13
340,367.16
Sheet 22
ACCELERATED TAX SALE / TAX LEVY SALE-CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2017
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
(1)
Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22) . . . . . . . . . . . . . . . . . . . . .
$
LESS: Proceeds from Accelerated Tax Sale . . . . . . . . . . . . . . . . . . . . . . .
NET Cash Collected . . . . . . . . . . . . . . . . . . . . . . . .
$
Line 5c (sheet 22) Total 2017 Tax Levy . . . . . . . . . . . . . . . . . . . . . . . . . .
$
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is . . . . . . . . . . . . . . . . . . . . . . .
%
(2)
Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22) . . . . . . . . . . . . . . . . . . . . .
$
LESS: Proceeds from Tax Levy Sale (excluding premium) . . . . . . . . . . .
NET Cash Collected . . . . . . . . . . . . . . . . . . . . . . . .
$
Line 5c (sheet 22) Total 2017 Tax Levy . . . . . . . . . . . . . . . . . . . . . . . . . .
$
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is . . . . . . . . . . . . . . . . . . . . . . .
%
Sheet 22a
N/A
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit
Credit
1.
Balance January 1, 2017
XXXXXXX
XXXXXXX
Due From State of New Jersey
33,870.12
XXXXXXX
Due To State of New Jersey
XXXXXXX
2.
Sr. Citizens Deductions Per Tax Billings
7,500.00
XXXXXXX
3.
Veterans Deductions Per Tax Billings
47,250.00
XXXXXXX
4.
Sr. Citizens Deductions Allowed By Tax Collector
750.00
XXXXXXX
5.
Veterans Deductions Allowed By Tax Collector
6.
Sr. Citizens Deductions Disallowed By Tax Collector - 2014 Taxes
7.
Sr. Citizens Deductions Disallowed By Tax Collector
XXXXXXX
4,250.00
8.
State Audit- Disallowed Seniors and Veterans Deduction
XXXXXXX
9.
Received in Cash from State
XXXXXXX
53,750.00
10.
Vets and Senior Citizen Deductions Allowed - Prior Year Taxes
11.
12.
Balance December 31, 2017
XXXXXXX
XXXXXXX
Due From State of New Jersey
XXXXXXX
31,370.12
Due To State of New Jersey
XXXXXXX
89,370.12
89,370.12
Calculation of Amount to be included on Sheet 22, Item 10-
2017 Senior Citizen and Veterans Deductions Allowed
Line 2
7,500.00
Line 3
47,250.00
Line 4
750.00
Sub-Total
55,500.00
Less: Line 7
4,250.00
To Item 10, Sheet 22
51,250.00
Sheet 23
Debit
Credit
Balance January 1, 2017
XXXXXXX
XXXXXXX
Taxes Pending Appeals
XXXXXXX
500,000.00
Interest Earned on Taxes Pending Appeals
XXXXXXX
Contested Amount of 2017 Taxes Collected which
are Pending State Appeal (Item 14, Sheet 22)
XXXXXXX
Interest Earned on Taxes Pending State Appeals
XXXXXXX
Estimated assessment reductions
175,500.00
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
XXXXXXX
Closed to results of Operations
(Portion of Appeal won by Municipality, including Interest)
XXXXXXX
Pending Tax Appeals
Balance December 31, 2017
XXXXXXX
Taxes Pending Appeals*
550,000.00
XXXXXXX
Interest Earned on Taxes Pending Appeals
XXXXXXX
* Includes State Tax Court and County Board of Taxation
675,500.00
675,500.00
Appeals Not Adjusted by December 31, 2017.
Signature of Tax Collector
License #
Date
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
(N.J.S.A. 54:3-27)
125,500.00
Sheet 24
YEAR 2018
YEAR 2017
Total General Appropriations for 2018 Municipal Budget Statement
Item 8(L) (Exclusive of Reserve for Uncollected Taxes 80015-
Actual
80016-
Estimate**
80017-
XXXXXXX
Actual
80025-
Estimate*
80026-
XXXXXXX
Actual
80018-
Estimate*
80019-
XXXXXXX
Actual
80020-
Estimate*
80021-
XXXXXXX
Actual
80022-
Estimate*
80023-
XXXXXXX
Actual
80022-
Estimate*
80023-
XXXXXXX
8.
Total General Appropriations & Other Taxes
80024-01
9.
Less: Total Anticipated Revenues from 2018 in
Municipal Budget (Item 5)
80024-02
10.
Cash Required from 2018 Taxes to Support
Local Municipal Budget and Other Taxes
80024-03
11.
Amount of Item 10 Divided by % [820034-04]
Equals Amount to be Raised by Taxation (Percentage
used must not exceed the applicable percentage
shown by Item 13, Sheet 22)
80024-05
Tax in Local Municipal Budget
Total Amount (see Line 11)
12.
Item 12 - Appropriation: Reserve for Uncollected Taxes
Sub-Total
Less: Item 9 - Total Anticipated Revenues
Amount to be Raised by Taxation in Municipal Budget 80024-07
Appropriation: Reserve for Uncollected Taxes (Budget
Statement, Item 8 (M) (Item 11, Less Item 10) 80024-06
Computation of "Tax in Local Municipal Budget"
Item 1 - Total General Appropriations
* May not be stated in an amount less than 'actual' Tax of
Year 2017
** Must be stated in the amount of the
proposed budget submitted by the Local
Board of Education to the Commissioner
of Education on January 15, 2018 (Chap.
136, P.L. 1978). Consideration must be
given to calendar year calculation.
Regional High School Tax
(Amount Shown on Line 4 Above)
County Tax
(Amount Shown on Line 6 Above)
Municipal Open Space Tax
(Amount Shown on Line 7 Above)
Analysis of Item 11:
Local District School Tax
(Amount Shown on Line 2 Above)
Regional School District Tax
(Amount Shown on Line 3 Above)
Special District Tax
(Amount Shown on Line 6 Above)
County Tax
(Amount Shown on Line 5 Above)
5.
County Tax
7.
Municipal Open Space Tax
6.
Special District Taxes
AMOUNT TO BE RAISED BY TAXATION
COMPUTATION OF APPROPRIATION:
RESERVE FOR UNCOLLECTED TAXES AND
XXXXXXX
1.
IN 2018 MUNICIPAL BUDGET
3.
Regional School District Tax -
4.
Regional High School Tax -
School Budget
Local District School Tax -
2.
Note:
The amount of
anticipated rev-
eneues (Item 9)
may never exceed
the total of Items 1
and 12.
Sheet 25
ACCELERATED TAX SALE - CHAPTER 99
Calculation To Utilize Proceeds in Current Budget As Deduction
To Reserve For Uncollected Taxes Appropriation
Note:
This sheet should be completed only if you are conducting an accelerated tax sale for the first
time in the current year.
A.
Reserve for Uncollected Taxes (sheet 25, Item 12)
$
B.
Reserve for Uncollected Taxes Exclusion:
Outstanding Balance of Delinquent Taxes
(sheet 26, Item 14A) x % of
collection (Item 16)
$
C.
TIMES: % of increase of Amount to be
Raised by Taxes over Prior Year
%
[(2018 Estimated Total Levy - 2017 Total Levy) / 2017 Total Levy
D.
Reserve for Uncollected Taxes Exclusion Amount
$
[(B x C ) + B]
E.
Net Reserve for Uncollected Taxes
Appropriation in Current Budget
$
(A - D)
2018 Reserve for Uncollected Taxes Appropriation Calculation (Actual)
1.
Subtotal General Appropriations (item 8(L) budget sheet 29
$
2.
Taxes not included in the Budget (AFS 25, items 2 thru 7)
$
Total
$
3.
Less: Anticipated Revenues (item 5, budget sheet 11)
$
4.
Cash Required
$
5.
Total Required at ____________ % (items 4+6)
$
6.
Reserve for Uncollected Taxes (item E above)
$
Sheet 25a
N/A
Debit
Credit
1.
Balance January 1, 2017
426,725.07
XXXXXXX
A. Taxes
83102-00
385,565.12
XXXXXXX
XXXXXXX
B. Tax Title Liens
83103-00
41,159.95
XXXXXXX
XXXXXXX
2.
Canceled:
XXXXXXX
XXXXXXX
A. Taxes
83105-00
XXXXXXX
B. Tax Title Liens
83106-00
XXXXXXX
3.
Transferred to Foreclosed Tax Title Liens:
XXXXXXX
XXXXXXX
A. Taxes
83108-00
XXXXXXX
B. Tax Title Liens
83109-00
XXXXXXX
4.
Added Taxes
83110-00
4,787.89
XXXXXXX
5.
Added Tax Title Liens
83111-00
285.00
XXXXXXX
Adjustment between Taxes (Other than Current year)
and Tax Title Liens:
A. Taxes - Transfers to Tax Title Liens
83104-00
XXXXXXX
4,756.62
B. Tax Title Liens - Transfers from Taxes
83107-00
4,756.62
XXXXXXX
7.
Balance Before Cash Payments
XXXXXXX
431,797.96
8.
Totals
436,554.58
436,554.58
9.
Balance Brought Down
431,797.96
XXXXXXX
10.
Collected:
XXXXXXX
383,263.91
A. Taxes
83116-00
379,959.35
XXXXXXX
XXXXXXX
B. Tax Title Liens
83117-00
3,304.56
XXXXXXX
XXXXXXX
11.
Interest and Costs - 2017 Tax Sale
83118-00
270.16
XXXXXXX
12.
2017 Taxes Transferred to Liens
83119-00
6,839.23
XXXXXXX
13.
2017 Taxes
83123-00
340,367.16
XXXXXXX
14.
Balance December 31, 2017
XXXXXXX
396,010.60
A. Taxes
83121-00
346,004.20
XXXXXXX
XXXXXXX
B. Tax Title Liens
83122-00
50,006.40
XXXXXXX
XXXXXXX
15.
Totals
779,274.51
779,274.51
16.
Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by item No. 9) is
88.76%
17.
Item No. 14 multiplied by percentage shown above is
351,499.01
and represents the
maximum amount that may be anticipated in 2018.
83125-00
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
XXXXXXX
XXXXXXX
6.
Sheet 26
Debit
Credit
1.
Balance January 1, 2017
84101-00
491,900.00
XXXXXXX
2.
Forclosed or Deeded in 2017
XXXXXXX
XXXXXXX
3.
Tax Title Liens
84103-00
XXXXXXX
XXXXXXX
4.
Taxes Receivable
84104-00
XXXXXXX
XXXXXXX
5A.
84102-00
XXXXXXX
XXXXXXX
5B.
Transfer from Tax Title Liens
84105-00
6.
Adjustment to Assessed Valuation
84106-00
XXXXXXX
7.
Adjustment to Assessed Valuation
84107-00
XXXXXXX
8.
Sales
XXXXXXX
XXXXXXX
9.
Cash *
84109-00
XXXXXXX
10.
Contract
84110-00
XXXXXXX
11.
Mortgage
84111-00
XXXXXXX
12.
Loss on Sales
84112-00
XXXXXXX
13.
Gain on Sales
84113-00
XXXXXXX
14.
Balance December 31, 2017
84114-00
XXXXXXX
491,900.00
491,900.00
491,900.00
Debit
Credit
15.
Balance January 1, 2017
84115-00
XXXXXXX
16.
2017 Sales from Foreclosed Property
84116-00
XXXXXXX
17.
Collected *
84117-00
XXXXXXX
18.
84118-00
XXXXXXX
19.
Balance December 31, 2017
84119-00
XXXXXXX
Debit
Credit
20.
Balance January 1, 2017
84120-00
XXXXXXX
21.
2017 Sales from Foreclosed Property
84121-00
XXXXXXX
22.
Collected *
84122-00
XXXXXXX
23.
84123-00
XXXXXXX
24.
Balance December 31, 2017
84124-00
XXXXXXX
Analysis of Sale of Property:
$
* Total Cash Collected in 2017
Realized in 2017 Budget
To Results of Operation (Sheep 19)
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES - N/A
MORTGAGE SALES - N/A
(84125-00)
Sheet 27
DEFERRED CHARGES
-MANDATORY CHARGES ONLY-
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55,
N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55-13 listed on Sheets 29 and 30.)
Amount
Caused By
Dec. 31, 2016
Amount in
Amount
Balance
per Audit
2017
Resulting
as at
Report
Budget
from 2017
Dec. 31, 2017
1.
Emergency Authorization -
Municipal *
$
$
$
$
2.
Emergency Authorizations -
Schools
$
$
$
$
3.
$
$
$
$
$
$
$
$
4.
$
$
$
$
5.
$
$
$
$
6.
$
$
$
$
7.
$
$
$
$
8.
$
$
$
$
9.
$
$
$
$
* Do not include items funded or refunded as listed below.
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 or N.J.S. 40A:2-51 - N/A
Date
Purpose
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED - N/A
Appropriated for
in Budget of
In favor of
On Account of
Date Entered
Amount
Year 2018
1.
$
2.
$
3.
$
4.
$
Sheet 28
N.J.S. 40A:4-53 SPECIAL EMERGENCY -
Balance
Balance
Dec. 31, 2016
By 2017
Canceled
Dec. 31, 2017
Budget
by Resolution
Totals
80025-00
80026-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-53 et seq.
and are recorded on this page.
Chief Financial Officer
* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column ''Balance Dec. 31, 2017'' must be entered here and then raised in the 2018 budget.
REDUCED IN 2017
N/A
Sheet 29
Date
Amount
Authorized
TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Not Less Than
1/5 of Amount
Authorized*
Purpose
Balance
Balance
Dec. 31, 2016
By 2017
Canceled
Dec. 31, 2017
Budget
by Resolution
Totals
80027-00
80028-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-55.1 et seq.
and N.J.S. 40A:4-55.13 et seq. and are recorded on this page.
Chief Financial Officer
* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column ''Balance Dec. 31, 2017'' must be entered here and then raised in the 2018 budget.
N/A
Sheet 30
Date
N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD
N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
REDUCED IN 2017
Not Less Than
1/3 of Amount
Authorized*
Purpose
Amount
Authorized
2018 Debt
Service
Outstanding, January 1, 2017
80033-01
XXXXXXX
3,835,000.00
Issued
80033-02
XXXXXXX
Paid
80033-03
780,000.00
XXXXXXX
Defeased
Outstanding, December 31, 2017
80033-04
3,055,000.00
XXXXXXX
3,835,000.00
3,835,000.00
2018 Bond Maturities - General Capital Bonds
80033-05
790,000.00
2018 Interest on Bonds *
80033-06
122,200.00
Outstanding, January 1, 2017
80033-07
XXXXXXX
Issued
80033-08
XXXXXXX
Paid
80033-09
XXXXXXX
Outstanding, December 31, 2017
80033-10
XXXXXXX
2018 Bond Maturities - Assessment Bonds
80033-11
2018 Interest on Bonds *
80033-12
Total "Interest on Bonds - Debt Service" (* Items)
80033-13
122,200.00
Date of
Interest
2018 Maturity
Amount Issued
Issue
Rate
Total
80033-14
80033-15
Purpose
Source
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
LIST OF BONDS ISSUED DURING 2017
AND 2018 DEBT SERVICE FOR BONDS
(MUNICIPAL) GENERAL CAPITAL BONDS
Debit
Credit
Assessment Serial Bonds - N/A
Sheet 31
2018 Debt
Service
Outstanding, January 1, 2017
80033-01
XXXXXXX
Issued
80033-02
XXXXXXX
Paid
80033-03
XXXXXXX
Outstanding, December 31, 2017
80033-04
XXXXXXX
2018 Loan Maturities
80033-05 $
-0-
2018 Interest on Loans
80033-06 $
-0-
Total 2018 Debt Service for __Morris County MUA___________ Loan
80033-13 $
-0-
Outstanding, January 1, 2017
80033-07
XXXXXXX
Issued
80033-08
XXXXXXX
Paid
80033-09
XXXXXXX
Outstanding, December 31, 2017
80033-10
XXXXXXX
2018 Loan Maturities
80033-11 $
2018 Interest on Loans
80033-12 $
Total 2018 Debt Service for __NJ Wastewater Treatment_ Loan
80033-13 $
Date of
Interest
2018 Maturity
Amount Issued
Issue
Rate
Total
80033-14
80033-15
Purpose
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
LIST OF LOANS ISSUED DURING 2017 - N/A
AND 2018 DEBT SERVICE FOR LOANS
(COUNTY) (MUNICIPAL)______________________LOAN
Debit
Credit
___NJ Wastewater Treatment_______ LOAN
Sheet 31a
N/A
Outstanding, January 1, 2017
80034-01
XXXXXXX
Paid
80034-02
XXXXXXX
Outstanding, December 31, 2017
80034-03
XXXXXXX
2018 Bond Maturities - Term Bonds
80034-04
$
2018 Interest on Bonds *
80034-05
$
Outstanding, January 1, 2017
80034-06
XXXXXXX
Issued
80034-07
XXXXXXX
Paid
80034-08
XXXXXXX
Outstanding, December 31, 2017
80034-09
XXXXXXX
2018 Interest on Bonds*
80034-10
$
2018 Bond Maturities - Serial Bonds
80034-11
Total "Interest on Bonds - Type I School Debt Service" (*Items)
80034-12
2018 Maturity
Amount Issued
Date of
Interest
-01
-02
Issue
Rate
Total 80035-
2018 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Outstanding
2018 Interest
Dec. 31, 2017
Requirement
1. Emergency Notes
80036-
$
$
2. Special Emergency Notes
80037-
$
$
3. Tax Anticipation Notes
80038-
$
$
4. Interest on Unpaid State and County Taxes
80039-
$
$
5.
$
$
6.
$
$
$
$
Purpose
2018 Debt
Service
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
LIST OF BONDS ISSUED DURING 2017
AND 2018 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit
Credit
TYPE I SCHOOL SERIAL BOND
Sheet 32
N/A
Amount
Original
Original
of Note
Date
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
of
For Principal
For Interest
Computed to
Issued
Issue *
Dec. 31, 2017
Issue
Maturity
Interest
* *
(Insert Date)
1.
2.
3.
4.
5.
Not Applicable
6.
7.
8.
9.
10.
11.
12.
13.
Total
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
80051-01
80051-02
Memo: Type 1 School Notes should be separately listed and totaled
Memo: Refunding Bond Aticipation Notes should be separately listed and totaled
* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued
All notes with an original date of issue of 2015 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2018 o
written intent of permanent financing submitted with statement
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column
(Do not crowd - add additional sheets)
2018 Budget Requirement
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sheet 33
Title or Purpose of Issue
Amount
Original
Original
of Note
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Computed to
Issued
Issue *
Dec. 31, 2017
Maturity
Interest
* *
(Insert Date)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
80051-01
80051-02
Memo: Type 1 School Notes should be separately listed and totaled.
* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued
All notes with an original date of issue of 2015 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2018 or
written intent of permanent financing submitted with statement.
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column
N/A
(Do not crowd - add additional sheets)
2018 Budget Requirement
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sheet 33a
Title or Purpose of Issue
Amount
Original
Original
of Note
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Computed to
Issued
Issue *
Dec. 31, 2017
Maturity
Interest
* *
(Insert Date)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
Memo: *See Sheet 33 for clarification of "Original Date of Issue"
80051-01
80051-02
Assessment Notes with an original date of issue of December 31, 2014 or prior must be appropriated in full in the 2017 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes"
N/A
(Do not crowd - add additional sheets)
2018 Budget Requirement
DEBT SERVICE FOR ASSESSMENT NOTES
Sheet 34
Title or Purpose of Issue
Amount of
Lease Obligation Outstanding
2017
1.
N/A
2.
3.
4.
5.
6.
1.
2.
3.
4.
5.
6.
Total
-
-
-
80051-01
80051-02
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sheet 34a
Purpose
2018 Budget Requirement
For Principal
For Interest/Fees
Charges to
Capital
Authorizations
Fund
Future Taxation
Improvement
Expended
Canceled
Balance
Unfunded
Fund
18-99
Fire House Repairs
1,223.89
1,223.89
01-05
Renovations to Municipal Building
95,578.67
95,578.67
08-05
Various General Improvements
10,092.22
10,092.22
13-07
Various General Improvements
78,029.07
1,000.00
77,029.07
17-09
Reconstruction of Howard Boulevard and
Altenbrand Avenue
2,127.17
2,127.17
06-10
Dunlap and Rooney Road Improvements
3,179.65
3,179.65
12-12
Howard Blvd Pedestrian Walk Way
3,320.81
3,320.81
07-14
Dial A Ride Bus
10,550.00
10,550.00
10-14
Succasunna Road Improvement
2,511.22
2,511.22
06-15
Howard Realignment / Oneida
47,532.23
45,000.00
53,194.25
39,337.98
13-15
Water Meters
7,090.00
1,450.00
5,640.00
08-16
Municipal Road Restoration
492,926.41
484,236.31
8,690.10
06-17
Municipal Road Restoration
750,000.00
456,191.57
293,808.43
19-17
Henry Schmitz Water Main Improvements
40,000.00
150,000.00
360,534.03
415,200.75
135,333.28
Total 70000-
754,161.34
40,000.00
150,000.00
1,155,534.03
1,411,272.88
110,034.03
443,055.18
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
Sheet 35
Funded
Unfunded
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Balance - January 1, 2017
Funded
Unfunded
Balance - December 31, 2017
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
2017 Authorizations
Debit
Credit
XXXXXXX
Received from 2017 Budget Appropriation *
80031-02
XXXXXXX
978,500.00
XXXXXXX
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
Preliminary Costs Cancelled
List by Improvements-Direct Charges Made for Preliminary Costs:
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
XXXXXXX
Funded Preliminary Expenses
80031-04
XXXXXXX
Appropriated to Finance Improvement Authorizations
80031-05
1,155,534.03
XXXXXXX
XXXXXXX
Balance December 31, 2017
80031-06
36,851.11
XXXXXXX
1,192,385.14
1,192,385.14
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
80031-01
103,851.11
* The full amount of the 2017 budget appropriation should be transferred to this account unless the balance of
the appropriation is to be permitted to lapse.
80031-03
XXXXXXX
110,034.03
Balance January 1, 2017
Sheet 36
Debit
Credit
Balance January 1, 2017
80030-01
XXXXXXXX
Received from 2017 Budget Appropriation *
80030-02
XXXXXXXX
Received from 2017 Emergency Appropriation *
80030-03
XXXXXXXX
Appropriated to Finance Improvement Authorizations
80030-04
XXXXXXXX
XXXXXXXX
Balance December 31, 2017
80030-05
XXXXXXXX
* The full amount of the 2017 appropriation should be transferred to this account unless the balance of the
appropriation is permitted to lapse.
Amount of Down
Total
Down Payment
Payment in Budget
Amount
Obligations
Provided by
of 2017 or Prior
Appropriated
Authorized
Ordinance
Years
Municipal Road Restoration
750,000.00
750,000.00
750,000.00
Municipal Road Restoration
550,534.03
150,000.00
400,534.03
360,534.03
Howard Realignment / Oneida
45,000.00
45,000.00
45,000.00
80032-00
1,345,534.03
150,000.00
1,195,534.03
1,155,534.03
NOTE - Where amount in column "Down Payment Provided by Ordinance" in LESS than 5% of amount in
column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
Capital Fund Balance
40,000.00
Capital Improvement Fund
1,155,534.03
1,195,534.03
GENERAL CAPITAL FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2017
AND DOWN PAYMENTS (N.J.S. 40A:2-11) - N/A
GENERAL CAPITAL FUND ONLY
Total
SCHEDULE OF DOWN PAYMENT ON IMPROVEMENTS - N/A
Purpose
Sheet 37
Debit
Credit
Balance January 1, 2017
80029-01
Premium on Sale of Bonds
XXXXXXXX
Funded Improvement Authorizations Canceled
XXXXXXXX
Collection of Grant Funds on Fully Funded Ordinance
XXXXXXXX
Premium on Note Sale
Appropriated to Finance Improvement Authorizations
80029-02
Appropriated to 2017 Budget Revenue
80029-03
XXXXXXXX
Balance December 31, 2017
80029-04
66,041.04
66,041.04
1.
Amount of Serial Bonds Issued Under Provisions of Chapter 233,
P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or
Chapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants;
Outstanding December 31, 2017
2.
Amount of Cash in Special Trust Fund as of December 31, 2017 (Note A)
3.
Amount of Bonds Issued Under Item 1
Maturing in 2018
4.
Amount of Interest on Bonds with a
Covenant - 2018 Requirement
5.
Total of 3 and 4 - Gross Appropriation
6.
Less Amount of Special Trust Fund to be Used
7.
Net Appropriation Required
NOTE A - This amount to be supported by confirmation from bank or banks
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto.
Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the
amount of Item 7 extended into the 2017 appropriation column.
XXXXXXXX
XXXXXXXX
40,000.00
NOT APPLICABLE
GENERAL CAPITAL FUND
BONDS ISSUED WITH A COVENANT OR COVENANTS
STATEMENT OF CAPITAL SURPLUS
YEAR - 2017
XXXXXXXX
66,041.04
26,041.04
Sheet 38
MUNICIPALITIES ONLY
IMPORTANT!
This Sheet Must Be Completely Filled in or the Statement Will be Considered Incomplete
(N.J.S.A. 52:27BB-55 as Amended by Chap. 211 P.L. 1981)
A.
1.
Total Tax Levy for the Year 2017 was
2.
Amount of Item 1 Collected in 2017 (*)
3.
Seventy (70) percent of Item 1
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2017?
Answer YES or NO
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2017?
Answer YES or NO
If answer is "NO" give details
NOTE: If answer to item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the 2018 budget for the liquidation of all
bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the
budget for the year just ended? Answer YES or NO:
D.
1.
Cash Deficit 2016
2.
4% of 2016 Tax Levy for all purposes:
Levy--
=
3.
Cash deficit 2017
4.
4% of 2017 Tax Levy for all purposes:
Levy--
=
E.
2016
1.
State Taxes
$
2.
County Taxes
$
3.
Amounts due Special Districts
$
4.
Amounts due Districts for Local School Tax
$
$
-0-
$
$
-0-
$
N/A
N/A
$
-0-
$
Unpaid
N/A
$
N/A
Total
2017
YES
NO
N/A
$
18,518,079.29
$
18,167,925.52
$
12,962,655.50
$
YES
Sheet 39
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