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Executive Summary
The document is the Annual Financial Statement (AFS) for the Borough of Mount Arlington, Morris County, New Jersey, for the year ending December 31, 2019. It includes various financial schedules, trial balances, and certifications related to the municipality's financial operations, budget, debt, and assets across different funds (Current Fund, Trust Funds, General Capital Fund, and Utility Fund if applicable). Key figures like population (5,050) and net valuation taxable ($731,304,800) for 2019 are reported. The document also reflects compliance with New Jersey statutes and regulations concerning local government financial reporting.
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Document Text
--- Document: 2019 Document ---
DLGS
Information Required for
Annual Financial Statement
Name and County of Municipality
328
Full Name of Municipality / County
BOROUGH OF MOUNT ARLINGTON
County of Municipality / County
MORRIS
Name of Municipality / County
MOUNT ARLINGTON
Type
BOROUGH
Federal ID #
22-6002114
Governing Body Type
COUNCIL MEMBERS
Address
419 Howard Boulevard, Mount Arlington, NJ 07856
Address
Phone
973-398-6832
Fax
973-398-8662
Certificate #
Chief Financial Officer
Carolyn Rinaldi
N-902
Registered Municipal Accountant
Francis Jones
Year Ending
12/312019
DATES
Balance - January 1, 2019
Balance - December 31, 2019
Outstanding - January 1, 2019
Outstanding - December 31, 2019
Year End
12/31/2019
Next Year End
12/31/2020
Budget Year
2020
AFS Year
2019
PY
2018
POPULATION LAST CENSUS
5,050
NET VALUATION TAXABLE 2019
731,304,800
Muni Code
1426
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2019
COUNTIES - JANUARY 26, 2020
MUNICIPALITIES - FEBRUARY 10, 2020
AS AT DECEMBER 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Jan. 1, 2019
YEAR - 2018
YEAR - 2019
UTILITY NAME
UTILITY 1
UTILITY 2
UTILITY 3
UTILITY 4
UTILITY 5
UTILITY 6
Responses and Data
Annual Financial Statement - Key Inputs
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2019
MUNICODE
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES
ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO
CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT
SERVICES.
of
, County of
Date
1
2
I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a are
complete, were computed by me and can be supported upon demand by a register or
other detailed analysis.
Signature
Title
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement,
(which I have prepared) or
(which I have not prepared)
[eliminate one]
and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.
Further, I do hereby certify that I,
,am the Chief Financial
Officer, License #
, of the
of
, County of
and that the
statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at
December 31, 2019, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurance as
to the veracity of required information included herein, needed prior to certification by the Director of Local Government
Services, including the verification of cash balances as of December 31, 2019.
Signature
Title
Address
Phone Number
Fax Number
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED
BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL
STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS
AND ASSERTIONS MADE HEREIN.
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.
DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2019
(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2020
5,050
1426
731,304,800
MUNICIPALITIES - FEBRUARY 10, 2020
MORRIS
MOUNT ARLINGTON
BOROUGH
crinaldi@mtarlingtonboro.com
Examined By:
Preliminary Check
MOUNT ARLINGTON
MORRIS
BOROUGH
Examined
Bjones@nisivoccia.com
Registered municipal Accountant
Carolyn Rinaldi
N-902
Chief Financial Officer
419 Howard Boulevard, Mount Arlington, NJ 07856
Sheet 1
973-398-6832
973-398-8662
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Account (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statement and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the
of
as of December 31,
2019
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
is not in substantial compliance with the
requirements of the State of New Jersey, Department of Community Affairs, Division of Local
Government Services. Had I performed additional procedures or had I made an examination
of the financial statements in accordance with generally accepted auditing standards, other
matters might have come to my attention that would have been reported to the governing
body and Division. This Annual Financial Statement relates only to the accounts and
items prescribed by the Division and does not extend to the financial statements of the
municipality/county taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:
NONE
Certified by me
this
28th day
,2020
Sheet 1a
(Address)
973-298-8500
200 Valley Road, Suite 300
(Address)
973-298-8501
(Phone Number)
(Fax Number)
Mount Arlington, NJ 07856
Nisivoccia LLP
(Firm Name)
MOUNT ARLINGTON
BOROUGH
February
Dec. 31, 2019
Francis Jones
(Registered Municipal Accountant)
One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
1.
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2.
All emergencies approved for the previous fiscal year did not exceed 3% of total
appropriations;
3.
The tax collection rate exceeded 90%;
4.
Total deferred charges did not equal or exceed 4% of the total tax levy;
5.
There were no "procedural deficiencies" noted by the registered municipal
accountant on Sheet 1a of the Annual Financial Statement; and
6.
There was no operating deficit for the previous fiscal year.
7.
The municipality did not conduct an accelerated tax sale for less than 3 consecutive
years.
8.
The municipality did not conduct a tax levy sale the previous fiscal year and does
not plan to conduct one in the current year.
9.
The current year budget does not contain a Levy or Appropriation "CAP" waiver.
10.
The municipality has not applied for Transitional Aid for 2020
The undersigned certifies that this municipality has complied in full in meeting ALL of the
above criteria in determining its qualification for local examination of its Budget in accordance
with N.J.A. C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
The undersigned certifies that this municipality does not meet item(s)
of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
Sheet 1b
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
BOROUGH OF MOUNT ARLINGTON
Carolyn Rinaldi
N-902
BOROUGH OF MOUNT ARLINGTON
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
CERTIFICATION OF QUALIFYING MUNICIPALITY
crinaldi@mtarlingtonboro.com
2/29/2020
Fiscal Year Ending:
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
232,201.58
$
$
Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and 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:
All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of audit
required to comply with Title 2 U.S. Code of Federal Regulations(CFR) OMB 15-08. (Uniform
Guidance) and OMB 15-08. The single audit threshold has been been increased to $750,000
beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code of
Federal Regulations (CFR) (Uniform Guidance).
(1)
Report expenditures from federal pass-through programs received directly from state government.
Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance
(CFDA) number reported in the State's grant/contract agreements.
(2)
Report expenditures from state programs received directly from state government or indirectly from
pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there
are no compliance requirements.
(3)
Report expenditures from federal programs received directly from the federal government or indirectly
from entities other than state government.
2/29/2020
Date
Sheet 1c
December 31, 2019
(2)
Programs
Expended
State
crinaldi@mtarlingtonboro.com
Signature of Chief Financial Officer
TOTAL
235,408.78
Report of Federal and State Financial Assistance
Expenditures of Awards
22-6002114
Fed I.D. #
BOROUGH OF MOUNT ARLINGTON
Municipality
MORRIS
County
INSTRUCTIONS
The following certification is to be used ONLY in the event there is NO municipality
operated utility.
If there is a utility operated by the municipality of if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the
document.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
of
,
County of
during the year 2019 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities.
Name
Title
(This must be signed by the Chief Financial Office, Comptroller, Auditor or Registered
Municipal Account.)
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 2020 and filed with the County Board of Taxation on January 10, 2020 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2019
MOUNT ARLINGTON
SIGNATURE OF TAX ASSESSOR
MORRIS
731,993,100.00
BOROUGH
jmarchione@mtarlingtonboro.com
crinaldi@mtarlingtonboro.com
Chief Financial Officer
Sheet 2
MUNICIPALITY
MORRIS
BOROUGH OF MOUNT ARLINGTON
COUNTY
Debit
Credit
CASH
7,000,630.93
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
32,120.12
-
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
6,500.53
CURRENT
380,838.43
SUBTOTAL
387,338.96
TAX TITLE LIENS RECEIVABLE
62,413.22
PROPERTY ACQUIRED FOR TAXES
491,900.00
CONTRACT SALES RECEIVABLE
-
MORTGAGE SALES RECEIVABLE
-
DUE FROM ANIMAL CONTROL FUND
254.38
UTILITY LIENS RECEIVABLE
6,657.58
REVENUE ACCOUNTS RECEIVABLE
3,735.80
GRANTS RECEIVABLE
228,629.35
GARBAGE COLLECTION FEES RECEIVABLE
42,352.11
SEWER AND WATER FEES RECEIVABLE
199,126.66
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
DEFICIT
-
OVEREXPENDITURE OF APPROPRIATION
5,000.00
OVEREXPENDITURE OF APPROPRIATION RESERVES
1,082.20
page totals
8,461,241.31
-
(Do not crowd - add additional sheets)
Sheet 3
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2019
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS FROM PAGE 3
8,461,241.31
-
APPROPRIATION RESERVES
855,138.81
ENCUMBRANCES PAYABLE
501,046.96
CONTRACTS PAYABLE
TAX OVERPAYMENTS
PREPAID TAXES
DUE TO STATE:
MARRIAGE LICENCE
225.00
DCA TRAINING FEES
BUILDING SURCHARGE FEES
1,980.00
LOCAL SCHOOL TAX PAYABLE
-
REGIONAL SCHOOL TAX PAYABLE
-
REGIONAL H.S.TAX PAYABLE
-
COUNTY TAX PAYABLE
-
DUE COUNTY - ADDED & OMMITTED
-
SPECIAL DISTRICT TAX PAYABLE
-
RESERVE FOR TAX APPEAL
550,000.00
91,684.84
124,165.54
5,146.68
842,242.57
145,218.54
128.00
257,479.54
UNAPPROPRIATED GRANTS
24,310.75
CASH BOND
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
60,748.44
LITIGATION
566,728.80
PAGE TOTAL
8,461,241.31
4,052,344.47
(Do not crowd - add additional sheets)
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2019
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
ACCOUNTS PAYABLE
PREPAID TAXES
TAX OVERPAYMENTS
DUE TO GENERAL CAPITAL FUND
DUE TO OTHER TRUST FUNDS
DUE TO PAYROLL ACCOUNT
RESERVE FOR:
APPROPRIATED GRANTS
Debit
Credit
TOTALS FROM PAGE 3a
8,461,241.31
4,052,344.47
RESERVE FOR DEFERRED PENSION LIABILITY
300,000.00
SUBTOTAL
8,461,241.31
4,352,344.47
"C"
RESERVE FOR RECEIVABLES
1,422,408.06
DEFERRED SCHOOL TAX
-
DEFERRED SCHOOL TAX PAYABLE
-
FUND BALANCE
2,686,488.78
TOTALS
8,461,241.31
8,461,241.31
(Do not crowd - add additional sheets)
Sheet 3a.1
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2019
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS
-
-
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet 4
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2 *
AS AT DECEMBER 31, 2019
Debit
Credit
CASH
-
GRANTS RECEIVABLE
-
DUE FROM/TO CURRENT FUND
ENCUMBRANCES PAYABLE
APPROPRIATED RESERVES
-
UNAPPROPRIATED RESERVES
-
TOTALS
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2019
Debit
Credit
DOG TRUST FUND
CASH
15,322.58
DUE TO -
DUE TO STATE OF NJ
0.60
RESERVE FOR DOG FUND
15,067.60
DUE TO CURRENT FUND
254.38
FUND TOTALS
15,322.58
15,322.58
ASSESSMENT TRUST FUND
CASH
-
DUE TO -
RESERVE FOR:
FUND TOTALS
-
-
MUNICIPAL OPEN SPACE TRUST FUND
CASH
-
FUND TOTALS
-
-
LOSAP TRUST FUND
CASH
-
FUND TOTALS
-
-
Title of Account
Sheet 6
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS
AS AT DECEMBER 31, 2019
(Assessment Section Must Be Separately Stated)
(Do not crowd - add additional sheets)
Debit
Credit
CDBG TRUST FUND
CASH
-
DUE TO -
FUND TOTALS
-
-
OTHER TRUST FUNDS
CASH
2,030,723.44
DUE TO CURRENT FUND
145,218.54
RESERVE FOR:
Special Deposits
402,689.10
Unemployment Compensation
130,015.87
Landfill Escrow
57,670.74
Water Hook-up Fees
194,600.00
Sewer Connection Fees
711,159.84
Affordable Housing
1,808.16
Recreation Commission
5,384.17
Police Outside Duty
22,217.41
Parking Offense Adjudication Act
713.00
Forfeited Assets
14,623.45
Third Party Tax Title Liens
36,385.24
Tax Sale Premiums
30,500.00
Public Defender Fees
2,650.00
Storm Recovery
440,525.00
Accrued Compensated Absences
25,000.00
Self Insurance Deductible
100,000.00
OTHER TRUST FUNDS PAGE TOTAL
2,175,941.98
2,175,941.98
Title of Account
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
AS AT DECEMBER 31, 2019
(Assessment Section Must Be Separately Stated)
Debit
Credit
Previous Totals
2,175,941.98
2,175,941.98
OTHER TRUST FUNDS (continued)
TOTALS
2,175,941.98
2,175,941.98
Sheet 6. TOTALS
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2019
Title of Account
(Do not crowd - add additional sheets)
Amount
Dec. 31, 2018
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2019
Special Deposits
604,896.71
124,409.98
326,617.59
402,689.10
Unemployment
125,780.85
4,235.02
130,015.87
Landfill Escrow
57,068.54
602.20
57,670.74
Water Hook-up Fees
193,200.00
1,400.00
194,600.00
Sewer Connection Fees
711,159.84
711,159.84
Affordable Housing
1,789.28
18.88
1,808.16
Recreation Commission
10,744.95
22,026.45
27,387.23
5,384.17
Police Outside Duty
27,321.16
99,953.75
105,057.50
22,217.41
Parking Offense Adjudication Act
481.00
232.00
713.00
Forfeited Assets
13,912.87
710.58
14,623.45
Third Party Tax Title Liens
36,385.24
36,385.24
Tax Sale Premiums
91,400.00
13,600.00
74,500.00
30,500.00
Public Defender Fees
600.00
5,300.00
3,250.00
2,650.00
Storm Recovery
440,525.00
440,525.00
Accrued Compensated Absences
25,000.00
25,000.00
Self Insurance Deductible
100,000.00
100,000.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
2,403,880.20
$
308,874.10
$
536,812.32
$
2,175,941.98
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2018
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2019
PREVIOUS PAGE TOTAL
2,403,880.20
308,874.10
536,812.32
2,175,941.98
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
2,403,880.20
$
308,874.10
$
536,812.32
$
2,175,941.98
Sheet 6b TOTAL
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Current
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
*Less Assets "Unfinanced"
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
RECEIPTS
Sheet 7
Debit
Credit
Est. Proceeds Bonds and Notes Authorized
534,980.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
534,980.00
CASH
1,249,627.86
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
1,772,321.00
UNFUNDED
534,980.00
NJIB LOAN RECEIVABLE
37,321.00
DUE FROM NEW JERSEY DEPARTMENT OF TRANSPORTATION
31,637.53
DUE FROM NEW JERSEY DEPARTMENT OF ENVIRONMENTAL P
71,457.21
MORRIS COUNTY TRAILS GRANT
296,824.88
NJ DOT - HOWARD BLVD SIDEWALK PROJECT
42,118.25
NJ DOT - MUNICIPAL ROAD REHABILITATION PROJECT
290,000.00
MORRIS COUNTY DEVELOPMENT BLOCK GRANT
80,000.00
DUE FROM COUNTY OF MORRIS
158,997.19
DUE FROM CURRENT FUND
842,242.57
PAGE TOTALS
5,942,507.49
534,980.00
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2019
Debit
Credit
PREVIOUS PAGE TOTALS
5,942,507.49
534,980.00
BOND ANTICIPATION NOTES PAYABLE
-
GENERAL SERIAL BONDS
1,735,000.00
TYPE 1 SCHOOL BONDS
-
LOANS PAYABLE
37,321.00
CAPITAL LEASES PAYABLE
-
37,321.00
RESERVE FOR:
1,008,326.82
902.50
150.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED
1,782,967.64
UNFUNDED
534,980.00
ENCUMBRANCES PAYABLE
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
281,838.49
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL FUND BALANCE
26,041.04
5,942,507.49
5,979,828.49
Sheet 8.1
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2019
Title of Account
(Do not crowd - add additional sheets)
NJIB LOAN PAYABLE
GRANTS RECEIVABLE
BOROUGH HALL SPACE PLANNING
PAYMENT OF DEBT SERVICE
Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
456,312.68
6,925,080.03
380,761.78
7,000,630.93
-
75.00
15,247.58
15,322.58
-
-
-
-
10,260.00
2,020,463.44
2,030,723.44
-
1,249,627.86
1,249,627.86
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
466,647.68
10,210,418.91
380,761.78
10,296,304.81
* Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2019.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbook at December 31, 2019.
All "Certificates of Deposits", Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR
CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature:
Title:
CASH RECONCILIATION DECEMBER 31, 2019
Cash
Sheet 9
Current
Trust - Dog License
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
General Capital
UTILITIES:
Registered Municipal Accountant
Grant Fund
Bjones@nisivoccia.com
Current Fund:
PNC# 81-3182-1411
6,621,656.36
PNC# 81-3182-1331
294,346.61
NJCM # 117-110442-171
9,077.06
Animal Control Fund:
PNC# 81-3182-1358
15,247.58
Other Trust Fund:
PNC# 81-3145-7226
1,541,508.16
PNC# 81-3160-1187
1,808.16
PNC# 81-3160-1208
57,670.74
PNC# 81-3182-1374
14,623.45
BANK OF AMERICA# 9523114016
391,103.30
NJCM# 171-000129925
13,749.63
General Capital Fund:
PNC# 81-3182-1366
1,245,495.51
NJCM # 171-000110450
4,132.35
PAGE TOTAL
10,210,418.91
Sheet 9a
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
CASH RECONCILIATION DECEMBER 31, 2019 (cont'd)
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
PREVIOUS PAGE TOTAL
10,210,418.91
TOTAL PAGE
10,210,418.91
CASH RECONCILIATION DECEMBER 31, 2019 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
Sheet 9a TOTAL
2019
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2019
Revenue
Dec. 31, 2019
Realized
-
-
-
-
-
-
-
-
-
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-
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PAGE TOTALS
-
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-
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Sheet 10
Grant
2019
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2019
Revenue
Dec. 31, 2019
Realized
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MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Sheet
10.1
Grant
2019
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2019
Revenue
Dec. 31, 2019
Realized
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TOTALS
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MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet 10
Totals
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2019
Budget
Appropriation
Dec. 31, 2019
By 40A:4-87
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Sheet
11
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Grant
Transferred from 2019
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2019
Budget
Appropriation
Dec. 31, 2019
By 40A:4-87
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Sheet
11.1
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2019
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2019
Budget
Appropriation
Dec. 31, 2019
By 40A:4-87
PREVIOUS PAGE TOTALS
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Sheet
11.2
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2019
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2019
Budget
Appropriation
Dec. 31, 2019
By 40A:4-87
PREVIOUS PAGE TOTALS
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Sheet 11
Totals
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2019
Grant
Budget Appropriations
Balance
Received
Other
Balance
Jan. 1, 2019
Budget
Appropriation
Dec. 31, 2019
By 40A:4-87
PREVIOUS PAGE TOTALS
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Sheet 12
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2019
Grant
Budget Appropriations
Debit
Credit
Balance - January 1, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85001-00
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 - 2019)
85002-00
xxxxxxxxxxx
Levy School Year July 1, 2019 - June 30, 2020
xxxxxxxxxxx
Levy Calendar Year 2019
xxxxxxxxxxx
10,917,055.00
Paid
10,917,055.00
xxxxxxxxxx
Balance - December 31, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85003-00
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
85004-00
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
10,917,055.00
10,917,055.00
Board of Education for use of local schools.
# Must include unpaid requisitions.
Debit
Credit
Balance - January 1, 2019
85045-00
xxxxxxxxxxx
2019 Levy
81105-00
xxxxxxxxxxx
Interest Earned
xxxxxxxxxxx
Expenditures
xxxxxxxxxx
Balance - December 31, 2019
85046-00
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
MUNICIPAL OPEN SPACE TAX
Debit
Credit
Balance - January 1, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85031-00
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 - 2019)
85032-00
xxxxxxxxxxx
Levy School Year July 1, 2019 - June 30, 2020
xxxxxxxxxxx
Levy Calendar Year 2019
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85033-00
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
85034-00
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85041-00
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 - 2019)
85042-00
xxxxxxxxxxx
Levy School Year July 1, 2019 - June 30, 2020
xxxxxxxxxxx
Levy Calendar Year 2019
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2019
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
85043-00
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
85044-00
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 14
REGIONAL SCHOOL TAX
REGIONAL HIGH SCHOOL TAX
(Provide a separate statement for each Regional District involved)
N/A
Debit
Credit
Balance - January 1, 2019
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
80003-01
xxxxxxxxxxx
Due County for Added and Omitted Taxes
80003-02
xxxxxxxxxxx
2019 Levy :
xxxxxxxxxxx
xxxxxxxxxx
General County
80003-03
xxxxxxxxxxx
2,141,078.30
County Library
80003-04
xxxxxxxxxxx
County Health
xxxxxxxxxxx
County Open Space Preservation
xxxxxxxxxxx
63,716.12
Due County for Added and Omitted Taxes
80003-05
xxxxxxxxxxx
1,992.42
Paid
2,206,786.84
xxxxxxxxxx
Balance - December 31, 2019
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
-
xxxxxxxxxx
2,206,786.84
2,206,786.84
Debit
Credit
Balance - January 1, 2019
80003-06
xxxxxxxxxxx
2019 Levy: (List Each Type of District Tax Separately - see Footnote)
xxxxxxxxxxx
xxxxxxxxxx
Fire -
81108-00
xxxxxxxxxxx
xxxxxxxxxx
Sewer -
81111-00
xxxxxxxxxxx
xxxxxxxxxx
Water -
81112-00
xxxxxxxxxxx
xxxxxxxxxx
Garbage -
81109-00
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
Total 2019 Levy
80003-07
xxxxxxxxxxx
-
Paid
80003-08
xxxxxxxxxx
Balance - December 31, 2019
80003-09
-
xxxxxxxxxx
-
-
Footnote: Please state the number of districts in each instance.
Sheet 15
COUNTY TAXES PAYABLE
SPECIAL DISTRICT TAXES
Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
80101-
1,150,000.00
1,150,000.00
-
Surplus Anticipated with Prior Written Consent of
Director of Local Government
80102-
-
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
3,422,620.31
3,998,992.06
576,371.75
Added by N.J.S. 40A:4-87 (List on 17a)
-
-
-
-
-
Total Miscellaneous Revenue Anticipated
80103-
3,422,620.31
3,998,992.06
576,371.75
Receipts from Delinquent Taxes
80104-
213,000.00
228,517.26
15,517.26
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a) Local Tax for Municipal Purposes
80105-
6,141,539.03
xxxxxxxxx
xxxxxxxxx
(b) Addition to Local District School Tax
80106-
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
80121-
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
80107-
6,141,539.03
6,184,720.56
43,181.53
10,927,159.34
11,562,229.88
635,070.54
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
80108-00
xxxxxxxxx
18,891,986.24
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
80109-00
10,917,055.00
xxxxxxxxx
Regional School Tax
80119-00
-
xxxxxxxxx
Regional High School Tax
80110-00
-
xxxxxxxxx
County Taxes
80111-00
2,204,794.42
xxxxxxxxx
Due County for Added and Omitted Taxes
80112-00
1,992.42
xxxxxxxxx
Special District Taxes
80113-00
-
xxxxxxxxx
Municipal Open Space Tax
80120-00
-
xxxxxxxxx
Reserve for Uncollected Taxes
80114-00
xxxxxxxxx
416,576.16
Deficit in Required Collection of Current Taxes (or)
80115-00
xxxxxxxxx
-
Balance for Support of Municipal Budget (or)
80116-00
6,184,720.56
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
80117-00
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
80118-00
xxxxxxxxx
19,308,562.40
19,308,562.40
Source
STATEMENT OF GENERAL BUDGET REVENUES 2019
ALLOCATION OF CURRENT TAX COLLECTIONS
Sheet 17
*These items are applicable only when there is no "Amount to be Raised by Taxation" in the
"Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit
in the above allocation would apply to "Non-Budget Revenue" only.
Budget
Realized
Excess or Deficit
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PAGE TOTALS
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I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a
STATEMENT OF GENERAL BUDGET REVENUES 2019
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
crinaldi@mtarlingtonboro.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
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I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.1
STATEMENT OF GENERAL BUDGET REVENUES 2019
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
crinaldi@mtarlingtonboro.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
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I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.2
STATEMENT OF GENERAL BUDGET REVENUES 2019
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
crinaldi@mtarlingtonboro.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
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I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.3
STATEMENT OF GENERAL BUDGET REVENUES 2019
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
crinaldi@mtarlingtonboro.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
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I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a Totals
STATEMENT OF GENERAL BUDGET REVENUES 2019
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
crinaldi@mtarlingtonboro.com
2019 Budget as Adopted
80012-01
10,927,159.34
2019 Budget - Added by N.J.S. 40A:4-87
80012-02
-
Appropriated for 2019 (Budget Statement Item 9)
80012-03
10,927,159.34
Appropriated for 2019 by Emergency Appropriation (Budget Statement Item 9)
80012-04
Total General Appropriations (Budget Statement Item 9)
80012-05
10,927,159.34
Add: Overexpenditures (see footnote)
80012-06
5,000.00
Total Appropriations and Overexpenditures
80012-07
10,932,159.34
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
80012-08
9,660,444.37
Paid or Charged - Reserve for Uncollected Taxes
80012-09
416,576.16
Reserved
80012-10
855,138.81
Total Expenditures
80012-11
10,932,159.34
Unexpended Balances Canceled (see footnote)
80012-12
-
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".
2019 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
-
Sheet 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2019
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
Debit
Credit
Excess of Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues anticipated
80013-01
xxxxxxxxx
576,371.75
Delinquent Tax Collections
80013-02
xxxxxxxxx
15,517.26
xxxxxxxxx
Required Collection of Current Taxes
80013-03
xxxxxxxxx
43,181.53
Unexpended Balances of 2019 Budget Appropriations
80013-04
xxxxxxxxx
-
Miscellaneous Revenue Not Anticipated
81113-
xxxxxxxxx
300,081.21
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
81114-
Payments in Lieu of Taxes on Real Property
81120-
xxxxxxxxx
Sale of Municipal Assets
xxxxxxxxx
Unexpended Balances of 2018 Appropriation Reserves
80013-05
xxxxxxxxx
727,254.16
Prior Years Interfunds Returned in 2019
80013-06
xxxxxxxxx
7,272.36
Accounts Payable Cancelled
xxxxxxxxx
65,074.00
Cancelled Federal and State Grant Appropriation Reserves
763,276.88
xxxxxxxxx
xxxxxxxxx
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2019
80013-07
-
xxxxxxxxx
Balance - December 31, 2019
80013-08
xxxxxxxxx
-
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
80013-09
-
xxxxxxxxx
Delinquent Tax Collections
80013-10
-
xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes
80013-11
-
xxxxxxxxx
Interfund Advances Originating in 2019
80013-12
xxxxxxxxx
Reserve for Litigation
500,000.00
xxxxxxxxx
Increase in Reserve for General Capital Fund Grants Receivable
421,486.42
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deficit Balance - To Trial Balance (Sheet 3)
80013-13
xxxxxxxxx
-
Surplus Balance - To Surplus (Sheet 21)
80013-14
1,576,542.73
xxxxxxxxx
2,498,029.15
2,498,029.15
Sheet 19
RESULTS OF 2019 OPERATION
CURRENT FUND
-
xxxxxxxxx
Amount Realized
Zoning Fees
11,525.00
Fire/False Alarm Penalty
230.00
Towing Permit
600.00
Dividends / Refunds
150.41
Civic Center Rental
450.00
Copies
679.00
Property Owner List
280.00
Septic & Wells/Septic Haulers' Licenses
2,250.00
Cable TV Receipts
34,621.00
NJDMV Inspection Fines
1,166.25
Gov Deal Auction Receipts
3,838.76
FEMA Reimbursement
27,363.68
Current Petty Cash Fund
55.89
MCJIF Insurance Receipt Of Claims
6,620.00
Interest on Investments
113,335.26
Other Miscellaneous Receipts/Refunds
79,177.49
Tax Collector - Duplicate Bills and Miscellaneous
107.00
Animal Control Deposit in Error - Due Current Fund
204.20
Interest on Investments - Due from Other Trust Fund
301.57
Interest on Investments - Due from General Capital Fund
16,874.44
Interest on Investments - Due from Animal Control Trust Fund
251.26
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
300,081.21
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Amount Realized
PREVIOUS PAGE TOTALS
300,081.21
Page Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
300,081.21
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20.1
Amount Realized
PREVIOUS PAGE TOTALS
300,081.21
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
300,081.21
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20 Totals
Debit
Credit
1.
Balance - January 1, 2019
80014-01
xxxxxxxxx
2,259,946.05
2.
xxxxxxxxx
3.
Excess Resulting from 2019 Operations
80014-02
xxxxxxxxx
1,576,542.73
4.
Amount Appropriated in the 2019 Budget - Cash
80014-03
1,150,000.00
xxxxxxxxx
5.
Amount Appropriated in 2019 Budget - with Prior Written-
Consent of Director of Local Government Services
80014-04
-
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2019
80014-05
2,686,488.78
xxxxxxxxx
3,836,488.78
3,836,488.78
Cash
80014-06
7,000,630.93
Investments
80014-07
Sub Total
7,000,630.93
Deduct Cash Liabilities Marked with "C" on Trial Balance
80014-08
4,352,344.47
Cash Surplus
80014-09
2,648,286.46
Deficit in Cash Surplus
80014-10
Other Assets Pledged to Surplus:*
80014-16
32,120.12
Deferred Charges #
80014-12
6,082.20
Cash Deficit #
80014-13
Total Other Assets
80014-14
38,202.32
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
80014-15
2,686,488.78
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 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 the extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
Sheet 21
SURPLUS - CURRENT FUND
YEAR - 2019
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM CURRENT FUND - TRIAL BALANCE)
1.
Amount of Levy as per Duplicate (Analysis) #
82101-00 $
19,269,881.48
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 $
17,406.14
5a. Subtotal 2019 Levy
$
19,287,287.62
5b. Reductions due to tax appeals **
$
5c. Total 2019 Tax Levy
82106-00 $
19,287,287.62
6.
Transferred to Tax Title Liens
82107-00 $
9,093.37
7.
Transferred to Foreclosed Property
82108-00 $
8.
Remitted, Abated or Canceled
82108-00 $
5,369.58
9.
Discount Allowed
82108-00 $
10. Collected in Cash: In 2018
82121-00 $
113,440.13
In 2019 *
82122-00 $
18,497,181.13
Homestead Benefit Credit
$
230,114.98
State's Share of 2019 Senior Citizens
and Veterans Deductions Allowed
82123-00 $
51,250.00
Total To Line 14
82111-00 $
18,891,986.24
11. Total Credits
$
18,906,449.19
12. Amount Outstanding December 31, 2019
82120-00 $
380,838.43
13. Percentage of Cash Collections to Total 2019 Levy,
(Item 10 divided by Item 5c) is
97.95%
82112-00
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ____ and complete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10
$
18,891,986.24
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
18,891,986.24
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include
Senior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2019 collections.
** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2019 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
$
18,891,986.24
LESS : Proceeds from Accelerated Tax Sale
Net Cash Collected
$
18,891,986.24
Line 5c (sheet 22) Total 2019 Tax Levy
$
19,287,287.62
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
97.95%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)
$
18,891,986.24
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
18,891,986.24
Line 5c (sheet 22) Total 2019 Tax Levy
$
19,287,287.62
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
97.95%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2019
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
N/A
Debit
Credit
1.
Balance - January 1, 2019
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
31,870.12
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Sr. Citizens Deductions Per Tax Billings
7,000.00
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
43,750.00
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
750.00
xxxxxxxxx
5.
Deductions Allowed By Tax Collector 2018 Taxes
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
250.00
8.
Deductions Disallowed By Tax Collector Prior Taxes
xxxxxxxxx
9.
Received in Cash from State
xxxxxxxxx
51,000.00
10.
11.
12. Balance - December 31, 2019
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
32,120.12
Due To State of New Jersey
-
xxxxxxxxx
83,370.12
83,370.12
Calculation of Amount to be included on Sheet 22, Item 10 -
2019 Senior Citizens and Veterans Deductions Allowed
Line 2
7,000.00
Line 3
43,750.00
Line 4
750.00
Sub - Total
51,500.00
Less: Line 7
250.00
To Item 10, Sheet 22
51,250.00
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit
Credit
Balance - January 1, 2019
xxxxxxxxxx
550,000.00
Taxes Pending Appeals
550,000.00
xxxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
xxxxxxxxx
Closed to Results of Operation
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxx
Balance - December 31, 2019
550,000.00
xxxxxxxxx
Taxes Pending Appeals*
550,000.00
xxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxx
xxxxxxxxx
* Includes State Tax Court and County Board of Taxation
550,000.00
550,000.00
Appeals Not Adjusted by December 31, 2019
2/29/2020
Date
Sheet 24
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2019 Taxes Collected which are
Pending State Appeal (Item 14, Sheet 22)
ladams@mtarlingtonboro.com
T-8538
1. Balance - January 1, 2019
290,702.30
xxxxxxxxx
A. Taxes
83102-00
235,017.79
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
83103-00
55,684.51
xxxxxxxxx
xxxxxxxxx
2. Canceled:
xxxxxxxxx
xxxxxxxxx
A. Taxes
83105-00
xxxxxxxxx
B. Tax Title Liens
83106-00
xxxxxxxxx
2,364.66
3. Transferred to Foreclosed Tax Title Liens:
xxxxxxxxx
xxxxxxxxx
A. Taxes
83108-00
xxxxxxxxx
B. Tax Title Liens
83109-00
xxxxxxxxx
4. Added Taxes
83110-00
xxxxxxxxx
5. Added Tax Title Liens
83111-00
xxxxxxxxx
6.
xxxxxxxxx
A. Taxes - Transfers to Tax Title Liens
83104-00
xxxxxxxxx
(1)
B. Tax Title Liens - Transfers from Taxes
83107-00 (1)
-
xxxxxxxxx
7. Balance Before Cash Payments
xxxxxxxxx
288,337.64
8.
Totals
290,702.30
290,702.30
9. Balance Brought Down
288,337.64
xxxxxxxxx
10. Collected:
xxxxxxxxx
228,517.26
A. Taxes
83116-00
228,517.26
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
83117-00
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2019 Tax Sale
83118-00
xxxxxxxxx
12. 2019 Taxes Transferred to Liens
83119-00
9,093.37
xxxxxxxxx
13. 2019 Taxes
83123-00
380,838.43
xxxxxxxxx
14. Balance - December 31, 2019
xxxxxxxxx
449,752.18
A. Taxes
83121-00
387,338.96
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
83122-00
62,413.22
xxxxxxxxx
xxxxxxxxx
15.
Totals
678,269.44
678,269.44
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
79.25%
17. Item No. 14 multiplied by percentage shown above is
356,428.60
and represents the
maximum amount that may be anticipated in 2020.
83125-00
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet 26
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
Adjustment between Taxes (Other than current year) and Tax Title Liens;
Debit
Credit
1. Balance - January 1, 2019
84101-00
491,900.00
xxxxxxxxx
2. Foreclosed or Deeded in 2019
xxxxxxxxx
xxxxxxxxx
3.
Tax Title Liens
84103-00
-
xxxxxxxxx
4.
Taxes Receivable
84104-00
-
xxxxxxxxx
5A.
84102-00
xxxxxxxxx
5B.
84105-00
xxxxxxxxx
6.
Adjustment to Assessed Valuation
84106-00
xxxxxxxxx
7.
Adjustment to Assessed Valuation
84107-00
xxxxxxxxx
8. Sales
xxxxxxxxx
xxxxxxxxx
9.
Cash *
84109-00
xxxxxxxxx
10.
Contract
84110-00
xxxxxxxxx
11.
Mortgage
84111-00
xxxxxxxxx
12.
Loss on Sales
84112-00
xxxxxxxxx
13.
Gain on Sales
84113-00
xxxxxxxxx
14. Balance - December 31, 2019
84114-00
xxxxxxxxx
491,900.00
491,900.00
491,900.00
Debit
Credit
15. Balance - January 1, 2019
84115-00
xxxxxxxxx
16. 2019 Sales from Foreclosed Property
84116-00
xxxxxxxxx
17. Collected*
84117-00
xxxxxxxxx
18.
84118-00
xxxxxxxxx
19. Balance - December 31, 2019
84119-00
xxxxxxxxx
-
-
-
Debit
Credit
20. Balance - January 1, 2019
84120-00
xxxxxxxxx
21. 2019 Sales from Foreclosed Property
84121-00
xxxxxxxxx
22. Collected*
84122-00
xxxxxxxxx
23.
84123-00
xxxxxxxxx
24. Balance - December 31, 2019
84124-00
xxxxxxxxx
-
-
-
Analysis of Sale of Property:
$
-
* Total Cash Collected in 2019
(84125-00)
Realized in 2019 Budget
To Results of Operation (Sheet 19)
-
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
from 2019
Dec. 31, 2019
Emergency Authorization -
Municipal*
$
$
$
$
-
Emergency Authorization -
Schools
$
$
$
$
-
Overexpenditure of Appropriations
$
$
$
5,000.00
$
5,000.00
$
$
$
1,082.20
$
1,082.20
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
TOTAL DEFERRED CHARGES
$
-
$
-
$
6,082.20
$
6,082.20
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S.A.40A:4-55,
N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
Overexpenditure of Appropriation Reser
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
N.J.S. 40A:4-53 SPECIAL EMERGENCY -
TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2018
By 2019
Canceled
Dec. 31, 2019
Authorized*
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
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2019 must be entered here and then raised in the 2020 budget.
crinaldi@mtarlingtonboro.com
Chief Financial Officer
REDUCED IN 2019
Sheet 29
Date
Purpose
N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODS
N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Amount
Not Less Than
Balance
Balance
Authorized
1/3 of Amount
Dec. 31, 2018
By 2019
Canceled
Dec. 31, 2019
Authorized*
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
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2019 'must be entered here and then raised in the 2020 budget.
crinaldi@mtarlingtonboro.com
Chief Financial Officer
REDUCED IN 2019
Sheet 30
Date
Purpose
Debit
Outstanding - January 1, 2019
80033-01
xxxxxxxxx
Issued
80033-02
xxxxxxxxx
Paid
80033-03
530,000.00
Outstanding - December 31, 2019
80033-04
1,735,000.00
2,265,000.00
2020 Bond Maturities - General Capital Bonds
80033-05 $
2020 Interest on Bonds*
80033-06 $
69,400.00
Outstanding - January 1, 2019
80033-07
xxxxxxxxx
Issued
80033-08
xxxxxxxxx
Paid
80033-09
Outstanding - December 31, 2019
80033-10
-
-
2020 Bond Maturities - Assessment Bonds
80033-11 $
2020 Interest on Bonds*
80033-12 $
Total "Interest on Bonds - Debt Service" (*Items)
80033-13 $
2020 Maturity
Interest
Rate
N/A
Total
-
80033-14
80033-15
Purpose
Amount Issued
Sheet 31
LIST OF BONDS ISSUED DURING 2019
-
Date of
Issue
xxxxxxxxx
xxxxxxxxx
2,265,000.00
ASSESSMENT SERIAL BONDS
555,000.00
xxxxxxxxx
69,400.00
xxxxxxxxx
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2020 Debt
Service
Credit
2,265,000.00
Debit
Outstanding - January 1, 2019
80033-01
xxxxxxxxx
Issued
80033-02
xxxxxxxxx
Paid
80033-03
Refunded
Outstanding - December 31, 2019
80033-04
-
-
2020 Loan Maturities
80033-05 $
2020 Interest on Loans
80033-06 $
Total 2020 Debt Service for
Loan
80033-13 $
Outstanding - January 1, 2019
80033-07
xxxxxxxxx
Issued
80033-08
xxxxxxxxx
Paid
80033-09
287,971.00
Outstanding - December 31, 2019
80033-10
37,321.00
325,292.00
2020 Loan Maturities
80033-11 $
2020 Interest on Loans
80033-12 $
Total 2020 Debt Service for
LOAN
80033-13 $
2020 Maturity
Interest
Rate
N/A
Total
-
80033-14
80033-15
xxxxxxxxx
325,292.00
Purpose
-
-
xxxxxxxxx
325,292.00
xxxxxxxxx
NJ I-BANK LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
________________ LOAN
2020 Debt
Service
Credit
xxxxxxxxx
Date of
Issue
Amount Issued
Matured
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2019
-
Debit
Outstanding - January 1, 2019
80033-01
xxxxxxxxx
Issued
80033-02
xxxxxxxxx
Paid
80033-03
Refunded
Outstanding - December 31, 2019
80033-04
-
-
2020 Loan Maturities
80033-05 $
2020 Interest on Loans
80033-06 $
Total 2020 Debt Service for___________________ Loan
80033-13 $
Outstanding - January 1, 2019
80033-07
xxxxxxxxx
Issued
80033-08
xxxxxxxxx
Paid
80033-09
Outstanding - December 31, 2019
80033-10
-
-
2020 Loan Maturities
80033-11 $
2020 Interest on Loans
80033-12 $
Total 2020 Debt Service for __________________________ Loan
80033-13 $
2020 Maturity
Interest
Rate
Total
-
80033-14
80033-15
Sheet 31a.1
-
-
LIST OF LOANS ISSUED DURING 2019
Purpose
Amount Issued
Date of
Issue
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
Debit
Outstanding - January 1, 2019
80033-01
xxxxxxxxx
Issued
80033-02
xxxxxxxxx
Paid
80033-03
Refunded
Outstanding - December 31, 2019
80033-04
-
-
2020 Loan Maturities
80033-05 $
2020 Interest on Loans
80033-06 $
Total 2020 Debt Service for___________________ Loan
80033-13 $
Outstanding - January 1, 2019
80033-07
xxxxxxxxx
Issued
80033-08
xxxxxxxxx
Paid
80033-09
Outstanding - December 31, 2019
80033-10
-
-
2020 Loan Maturities
80033-11 $
2020 Interest on Loans
80033-12 $
Total 2020 Debt Service for __________________________ Loan
80033-13 $
2020 Maturity
Interest
Rate
Total
-
80033-14
80033-15
Sheet 31a.2
-
-
LIST OF LOANS ISSUED DURING 2019
Purpose
Amount Issued
Date of
Issue
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
Debit
Outstanding - January 1, 2019
80034-01
xxxxxxxxx
Paid
80034-02
Outstanding - December 31, 2019
80034-03
-
-
2020 Bond Maturities - Term Bonds
80034-04 $
2020 Interest on Bonds
80034-05 $
Outstanding - January 1, 2019
80034-06
xxxxxxxxx
Issued
80034-07
xxxxxxxxx
Paid
80034-08
Outstanding - December 31, 2019
80034-09
-
-
2020 Interest on Bonds*
80034-10 $
2020 Bond Maturities - Serial Bonds
80034-11 $
Total "Interest on Bonds - Type I School Debt Service" (*Items)
80034-12 $
2020 Maturity
-01
Interest
Rate
Total
80035-
-
Outstanding
Dec. 31, 2019
1.
Emergency Notes
80036- $
$
2.
Special Emergency Notes
80037- $
$
3.
Tax Anticipation Notes
80038- $
$
4.
Interest on Unpaid State & County Taxes
80039- $
$
5.
$
$
6.
$
$
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2020 Debt
Service
Credit
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2019
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
xxxxxxxxx
2020 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Purpose
Date of
Issue
xxxxxxxxx
Amount Issued
-02
-
2020 Interest
Sheet 32
Requirement
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
Page Totals
-
-
-
-
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 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sheet 33
Title or Purpose of Issue
2020 Budget Requirements
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
PREVIOUS PAGE TOTALS
-
-
-
-
PAGE TOTALS
-
-
-
-
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 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2020 Budget Requirements
Title or Purpose of Issue
Sheet
33.1
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
PREVIOUS PAGE TOTALS
-
-
-
-
PAGE TOTALS
-
-
-
-
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 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2020 Budget Requirements
Title or Purpose of Issue
Sheet 33
Totals
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
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 2017 or prior must be appropriated in full in the 2020 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".
(Do not crowd - add additional sheets)
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Sheet 34
Title or Purpose of Issue
2020 Budget Requirements
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Principal
For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
-
-
-
80051-01
80051-02
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sheet 34a
Purpose
2020 Budget Requirements
2019
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
95,578.67
(95,578.67)
-
23,277.53
23,277.53
642.00
642.00
4,499.35
3,239.35
1,260.00
136,506.30
69,622.65
66,883.65
77.73
77.73
125,816.75
114,660.75
11,156.00
103,799.75
82,987.11
20,812.64
108,163.00
30,802.07
77,360.93
190,654.00
72,885.99
117,768.01
337,389.50
263,893.97
73,495.53
112,267.00
93.00
112,174.00
22,800.00
22,800.00
-
577,216.00
267,636.46
95,578.67
405,158.21
1,427,000.00
159,315.59
732,704.41
534,980.00
27,000.00
26,803.00
197.00
80,000.00
80,000.00
60,000.00
60,000.00
Page Total
490,198.08
-
2,942,489.50
-
1,114,739.94
-
1,782,967.64
534,980.00
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
06-19 Department of Public Works Improvement P
07-19 Municipal Road Rehabilitation Projects
11-19 Fingerprint Scanner
16-19 Mason Dump Truck
17-19 Crack Sealer Line Stripping
01-19 Edgemere Avenue Drainage Project
02-19 Howard Boulevard Sidewalk Project
03-19 Lake Rogerene Open Space Trails Project
04-19 Community Garden Project
05-19 Firemans Field Walking Path
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Sheet 35
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2019
Balance - December 31, 2019
01-05 Rennovations to Muniicpal Building
06-15 Howard Realignment/Oneida
13-15 Water Meters
08-16 Municipal Road Restoration
06-17 Municipal Road Restoration
19-17 Henry Schmitz Water Main Improvements
03-18 Water Asset Management Plan
04-18 Wastewater Asset Management Plan
2019
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
490,198.08
-
2,942,489.50
-
1,114,739.94
-
1,782,967.64
534,980.00
PAGE TOTALS
490,198.08
-
2,942,489.50
-
1,114,739.94
-
1,782,967.64
534,980.00
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Sheet 35.1
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2019
Balance - December 31, 2019
2019
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
490,198.08
-
2,942,489.50
-
1,114,739.94
-
1,782,967.64
534,980.00
GRAND TOTALS
490,198.08
-
2,942,489.50
-
1,114,739.94
-
1,782,967.64
534,980.00
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35 Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
80031-01
xxxxxxxxx
826,071.11
Received from 2019 Budget Appropriation *
80031-02
xxxxxxxxx
1,100,000.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
80031-03
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
80031-04
1,644,232.62
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
80031-05
281,838.49
xxxxxxxxx
1,926,071.11
1,926,071.11
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 36
xxxxxxxxx
Debit
Credit
Balance - January 1, 2019
80030-01
xxxxxxxxx
Received from 2019 Budget Appropriation *
80030-02
xxxxxxxxx
Received from 2019 Emergency Appropriation *
80030-03
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
80030-04
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
80030-05
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
01-19 Edgemere Avenue Drainage Proj
108,163.00
108,163.00
02-19 Howard Boulevard Sidewalk Project
190,654.00
94,202.00
96,452.00
03-19 Lake Rogerene Open Space Trai
337,389.50
40,564.62
296,824.88
04-19 Community Garden Project
112,267.00
112,267.00
05-19 Fireman's Field Walking Path
22,800.00
22,800.00
06-19 Department of Public Works Impr
672,794.67
577,216.00
95,578.67
07-19 Municipal Road Rehabilitation Pro
1,427,000.00
534,980.00
522,020.00
370,000.00
11-19 Fingerprint Scanner
27,000.00
27,000.00
16-19 Mason Dump Truck
80,000.00
80,000.00
17-19 Crack Sealer Line Stripping
60,000.00
60,000.00
Total 80032-00
3,038,068.17
534,980.00
1,644,232.62
858,855.55
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in
column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 37
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
Debit
Credit
Balance - January 1, 2019
80029-01
xxxxxxxxx
26,041.04
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
80029-02
xxxxxxxxx
Appropriated to 2019 Budget Revenue
80029-03
xxxxxxxxx
Balance - December 31, 2019
80030-04
26,041.04
xxxxxxxxx
26,041.04
26,041.04
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2019
A.
1.
Total Tax Levy for the Year 2019 was
$
2.
Amount of Item 1 Collected in 2019 (*)
$
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 2019?
YES
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2019?
YES
If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the 2020 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
NO
D.
1.
Cash Deficit 2018
$
2.
4% of 2018 Tax Levy for all purposes:
Levy --
$
=
$
3.
Cash Deficit 2019
$
4.
4% of 2019 Tax Levy for all purposes:
Levy --
$
=
$
E.
1.
State Taxes
$
$
$
2.
County Taxes
$
$
$
3.
Amounts due Special Districts
$
$
$
4.
Amount due School Districts for School Tax
$
$
$
Sheet 39
N/A
2018
-
-
-
-
-
Answer YES or NO
Answer YES or NO
Unpaid
Total
2019
N/A
Answer YES or NO
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)
-
-
N/A
N/A
19,287,287.62
13,501,101.33
18,891,986.24
Note:
If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year 2019, please observe
instructions of Sheet 2.
UTILITIES ONLY
Sheet 40
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
Section in the same manner as set forth in General Capital Fund on Sheet 8
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
Section in the same manner as set forth in General Capital Fund on Sheet 8
Sheet 41a
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
TOTALS
-
-
Sheet 42
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
AS AT DECEMBER 31, 2019
Title of Account
(Do not crowd - add additional sheets)
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in 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"
Source
SCHEDULE OF UTILITY BUDGET - 2019
Sheet 44
BUDGET REVENUES
STATEMENT OF BUDGET APPROPRIATIONS
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
RESULTS OF 2019 OPERATIONS - UTILITY
Deferred Charges #
Sheet 46
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
Rents Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
Sheet 48
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
-
UTILITY CAPITAL BONDS
INTEREST ON BONDS - UTILITY BUDGET
-
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
2020 Debt
Service
Credit
Sheet 49
-
Purpose
-
Date of
Issue
Amount Issued
LIST OF BONDS ISSUED DURING 2019
xxxxxxxxx
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
-
UTILITY ________________ LOAN
INTEREST ON LOANS - UTILITY BUDGET
-
xxxxxxxxx
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
2020 Debt
Service
Credit
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Sheet 49a
-
Purpose
-
Date of
Issue
Amount Issued
LIST OF LOANS ISSUED DURING 2019
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2020 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
Sheet 50
Title or Purpose of Issue
2020
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
Sheet 51
Title or Purpose of Issue
2020
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
Sheet 51a
Purpose
2020 Budget Requirements
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PAGE TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Sheet 52
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2019
Balance - December 31, 2019
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.4
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 53
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
UTILITY FUND
UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
YEAR 2019
Sheet 54
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2019
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF UTILITY BUDGET - 2019
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2019 OPERATIONS - UTILITY
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
Rents Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2019
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2020
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
2020 Budget Requirements
Purpose
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
Total 70000-
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
YEAR 2019
Sheet 54
UTILITY CAPITAL FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
UTILITY FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2019
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF UTILITY BUDGET - 2019
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2019 OPERATIONS - UTILITY
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
User Charges Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2019
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2020
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
2020 Budget Requirements
Purpose
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
Total 70000-
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PAGE TOTALS
-
-
-
-
-
-
-
-
PAGE TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
YEAR 2019
Sheet 54
UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2019
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF UTILITY BUDGET - 2019
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2019 OPERATIONS - UTILITY
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
User Charges Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2019
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2020
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
2020 Budget Requirements
Purpose
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PAGE TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
YEAR 2019
Sheet 54
UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2019
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF UTILITY BUDGET - 2019
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2019 OPERATIONS - UTILITY
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
User Charges Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2019
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2020
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
2020 Budget Requirements
Purpose
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PAGE TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
YEAR 2019
Sheet 54
UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
Cash
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
-
Encumbrances Payable
Accrued Interest on Bonds and Notes
-
Due to -
Subtotal - Cash Liabilities
-
"C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance
-
Total
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2019
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
TOTALS
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2019
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2018
Assessments
Operating
Disbursements
Dec. 31, 2019
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
91301-
-
-
Operating Surplus Anticipated with Consent of
Director of Local Government
91302-
-
-
-
-
-
-
Reserve for Debt Service
91307-
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Subtotal
-
-
-
Deficit (General Budget) **
91306-
-
91307-
-
-
-
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
-
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
-
Deduct Expenditures:
Paid or Charged
Reserved
Surplus (General Budget)**
Total Expenditures
-
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF UTILITY BUDGET - 2019
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2019 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2019 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the
Utility for 2018
2018 Appropriation Reserves Canceled in 2019
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2019 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2018 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2018 Appropriations*
xxxxxxxxx
-
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
-
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Excess in Results of 2019 Operations
xxxxxxxxx
-
Amount Appropriated in the 2019 Budget - Cash
-
xxxxxxxxx
Amount Appropriated in 2019 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Cash
-
Investments
Interfund Accounts Receivable
Subtotal
-
Deduct Cash Liabilities Marked with "C" on Trial Balance
-
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
-
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
-
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2019 OPERATIONS - UTILITY
OPERATING SURPLUS - UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2018
$
Increased by:
User Charges Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2019
$
-
Balance December 31, 2018
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2019
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2018
Amount in
Amount
Balance
per Audit
2019
Resulting
as at
Report
Budget
2019
Dec. 31, 2019
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2020
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Assessment Bonds
$
2020 Interest on Bonds
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Bond Maturities - Capital Bonds
$
2020 Interest on Bonds
$
2020 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2019
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
Outstanding - January 1, 2019
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2019
-
-
2020 Loan Maturities
$
2020 Interest on Loans
$
2020 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2020
$
Required Appropriation 2020
$
2020 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2020 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2019
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
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.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2020 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2019 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2020
$
is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted.
Required Appropriation - 2020
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2020
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2019
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2020
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2019
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS UTILITY
2020 Budget Requirements
Purpose
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PAGE TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
2019
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
-
-
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2019
Balance - December 31, 2019
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Received from 2019 Budget Appropriation *
xxxxxxxxx
Received from 2019 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
*The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2019 or Prior
Authorized
Ordinance
Years
-
-
-
-
Debit
Credit
Balance - January 1, 2019
xxxxxxxxx
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2019 Budget Reserve
xxxxxxxxx
Balance - December 31, 2019
-
xxxxxxxxx
-
-
YEAR 2019
Sheet 54
UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
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"...FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
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