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Penns GroveRed Risk

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2010

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DUE: 2/10/2011

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Executive Summary

This document presents the unaudited Annual Financial Statement for the Borough of Penns Grove, Salem County, New Jersey, for the year 2010. It includes various financial reports, certifications, and reconciliations related to the municipality's funds, including the Current Fund, Federal and State Grants, Trust Funds, and General Capital Fund. The report was prepared in compliance with New Jersey Statutes Annotated 40A:5-12, as amended, and includes information required for budget certification by the Director of the Division of Local Government Services. Penalties apply for late filing, with a deadline of February 10, 2011, for municipalities.

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Document Text

--- Document: 2010 Document ---
CFO
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2010
(UNAUDITED)
POPULATION LAST CENSUS: 5207
NET VALUATION TAXABLE 2010: 179,563,917
MUNICODE: 1707
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2011
MUNICIPALITIES - FEBRUARY 10, 2011
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.
Borough of Penns Grove, County of Salem
SEE BACK COVER FOR INDEX AND INSTRUCTIONS
DO NOT USE THESE SPACES
Date
Examined By:
1
2
Preliminary Check
Examined
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be
supported upon demand by a register or other detailed analysis.
Signate
Name: Michael J. Welding
Title: Registered Municipal Accountant
Email : mwelding@bowmanllp.com
(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, Stephen Labb, am the Chief Financial Officer, License # 416
of the Borough of Penns Grove, County of Salem and that the statements annexed hereto and made a part hereof
are true statements of the financial condition of the Local Unit as at December 31, 2010, completely in compliance with
N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein,
needed prior to certification by the Director of Local Government Services, including the verification of cash balances
as of December 31, 2010.
Signature:
Title:
Chief Financial Officer
Address: P.O. Box 527, Penns Grove, New Jersey
Phone: (856) 299-8816
Email:
Fax: (856) 299-2788
pennsgrove@verizon.net
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 HEREΙΝ.
Sheet 1
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statements and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the Borough of Penns Grove as of December 31, 2010 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 December 31,
2010 is not in substantial compliance with the requirements of the State of New Jersey,
Department of Community Affairs, Division of Local Government Services. Had I performed
additional procedures or had I made an examination of the financial statements in accordance with
generally accepted auditing standards, other matters might have come to my attention that would have
been reported to the governing body and the Division. This Annual Financial Statement relates
only to the accounts and items prescribed by the Division and does not extend to the financial
statements of the municipality/county, taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention of which
the Director should be informed:
Certified by me
This 7/8th day of way 2011
Sheet la
(Registered Municipal Accountany
BOWMAN & COMPANY LLP
(Firm Name)
6 North Broad Street, Suite 201
(Address)
Woodbury, NJ 08096
(Address)
(856)782-2892
(Phone Number)
(856) 782-5092
(Fax Number)
UNIFORM CONSTRUCTION CODE CERTIFICATION
BY CONSTRUCTION CODE OFFICIAL
The undersigned certifies that the municipality has complied with the
regulations governing revenues generated by uniform construction code
fees and expenditures for construction code operations for
fiscal year 2010 as required under N.J.A.C. 5:23-4.17.
Printed Name:
Signature:
Jeryl M Goff
Certificate #:
007482
Date:
2/2/11
Sheet 1b
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
One of the following Certifications must be signed by the Chief Financial
Officer if your Municipality is eligible for local examination
CERTIFICATION OF QUALIFYING MUNICIPALITY
1.
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2.
All emergencies approved for the previous fiscal year did not exceed 3% of total
appropriations;
3.
The tax collection rate exceeded 90%;
4.
Total deferred charges did not equal or exceed 4% of the total tax levy
5.
There were no "procedural deficiencies" noted by the registered municipal
accountant on Sheet la 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 an appropriation or levy "CAP" wavier.
10 The municipality will not apply for the Transitional Aid for 2011.
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:
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
The undersigned certifies that this municipality does not meet item(s)
#
10
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:
Borough of Penns Grove
Stephen Labb
416
2/2/11
Sheet 1c
Total
21-6000999
Fed. I.D. #
Borough of Penns Grove
Municipality
County of Salem
County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending:
(1)
12/31/10
(2)
(3)
State
Other Federal
Federal Programs Expended
Programs
(administered by the state)
Expended
Programs
Expended
$21,852.51
$93,170.93
Type of Audit required by OMB A-133 and OMB 04-04:
Single Audit
Program Specific Audit
Financial Statement Audit Performed in Accordance With
X Government Auditing Standards (Yellow Book)
Note: All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of audit
required to comply with OMB A-133 (Revised 6/27/03) and OMB 04-04. The single audit threshold has
been increased to $500,000 begining with the fiscal Year ending after 12/31/03. Expenditures are defined in
Section 205 of OMB A-133.
(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 the 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 the state government.
2/2/11
Signature Of Chief Financial Officer
Date
Sheet 1d
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
The following certification is to be used ONLY in the event there is NO municipally operated utility.
If there is a utility operated by the municipality or if a "utility fund" existed on the books of account,
do not sign this statement and do not remove any of the UTILITY sheets from the document.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no utility
owned and operated by the Borough of Penns Grove, County of Salem during the year 2010 and that
sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities
Name: чини
Title: Registered Municipal Accountant
(This must be signed by the Chief Financial Officer, Comptroller, Auditor, or Registered Municipal Accountant)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2010
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2011
and filed with the County Board of Taxation on January 10, 2011 in accordance with the requirement of N.J.S.A 54:4-35,
was in the amount of $ 178,905,801.
A
Sheet 2
Manb
SIGNATURE OF TAX ASSESSOR
Borough of Penns Grove
MUNICIPALITY
Salem
COUNTY
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2010
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Credit
Cash
1,326,816.27
Investments
Due from State of New Jersey Senior Citizens & Veteran Deductions
1,305.88
Receivables with Full Reserves:
Delinquent Taxes
Tax Title Liens
Property Acquired by Tax Title Lien Liquidation
Contract Sales Receivable
Mortgage Sales Receivable
Due from Redevelopment Agency
Due from Trust - Animal Control Fund
Subtotal
Deferred Charges (See Sheets 28; 29 & 30)
Deferred School Taxes
(Do not crowd - add additional sheets)
Sheet 3
408,705.24
115,231.15
289,200.00
16,500.00
313.35
829,949.74
126,000.00
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2010
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Cash Liabilities:
Appropriation Reserves
Due to State of New Jersey - Senior Citizens & Veteran Deductions
Local District School Tax Payable
Municipal Open Space Tax
Credit
183,379.25
Regional School Tax Payable
233,443.42
Regional High School Tax Payable
County Taxes Payable
Due County for Added and Omitted Taxes
Special District Taxes Payable
State Library Aid (See Sheet 16)
Reserve for Encumbrances
68,525.92
Accounts Payable
15,873.07
Tax Overpayments
1,110.23
Prepaid Taxes
57,310.88
Due to Federal and State Grant Fund
4,701.56
Due to Trust - Other Funds
7,424.76
Due to General Capital Fund
56,292.57
Reserve for Tax Map Revisions
10,000.00
Reserve for LOSAP
9,613.91
48,922.50
Reserve for Revaluation
Notes Payable
Special Emergency
Revaluation
Tax Map Revisions
Subtotal Cash Liabilities
Reserve for Receivables
School Taxes Deferred (See Sheets 13 & 14)
Fund Balance
TOTAL
120,000.00
6,000.00
822,598.07
829,949.74
631,524.08
2,284,071.89 2,284,071.89
Do not crowd - add additional sheets
Sheet 3a
POST CLOSING
TRIAL BALANCE PUBLIC ASSISTANCE FUND
-
ACCOUNTS #1 AND #2 *
AS AT DECEMBER 31, 2010
Title of Account
Cash Public Assistance #1
Cash Public Assistance #2
TOTAL
Do not crowd - add additional sheets
Debit
Credit
* To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program
Sheet 4
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2010
Title of Account
Cash
Federal and State Grants Receivable
Debit
Credit
194,999.34
591,219.91
4,701.56
634,491.51
3,798.28
Due from Current Fund
Appropriated Reserves for Federal and State Grants
Unappropriated Reserves for Federal and State Grants
Cash Liabilities
Loan Receivable
71,165.69
Due to General Capital Fund
Reserve for Receivables
Reserve for Program Income
Subtotal Cash Liabilities
40,000.00
71,165.69
112,631.02
223,796.71
TOTAL
862,086.50
862,086.50
Do not crowd - add additional sheets
Sheet 5
TRUST - OTHER
Cash
Deferred Charges
Due From Current Fund
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2010
Title of Account
Debit
Credit
221,863.46
7,424.76
Reserve for:
2,625.00
Dedicated Uniform Fire Fees
6.73
Forfeiture
46,147.91
Builder Deposits
30,299.10
Compensated Balances
Payroll
20,912.37
372.00
POAA
3.92
Outside Employment of Officers
Tax Title Lien Redemptions
50,121.19
Premiums Received at Tax Sale
78,800.00
Do not crowd - add additional sheets
Sheet 6
TRUST - OTHER
POST CLOSING
TRIAL BALANCE TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2010
Title of Account
Debit
Credit
Total
229,288.22
229,288.22
Do not crowd - add additional sheets
Sheet 6i
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2010
TRUST - DOG LICENSE
Cash
Deferred Charges
Due to Current Fund
Title of Account
Reserve for Dog Fund Expenditures
Debit
Credit
5,490.80
313.35
5,177.45
Total
5,490.80
5,490.80
Do not crowd - add additional sheets
Sheet 6ii
TRUST ASSESSMENT
Cash
Deferred Charges
Assessment Serial Bonds
Fund Balance
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2010
Title of Account
Total
Do not crowd - add additional sheets
Sheet 6iii
Debit
Credit
Municipal Public Defender
Certification
Public Law 1998, С. 256
Municipal Public Defender Expended Prior Year 2009:
(1) $
11,067.28
(2) $
25.00%
2,766.82
Municipal Public Defender Trust Cash Balance December 31,
2010:
(3) $
Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25% the
amount which the municipality expended during the prior year providing the services of a municipal public defender,
the amount in excess of the amount expended shall be fowarded to the Criminal Disposition and Review Collection
Fund administered by the Victims of Crime Compensation Board. (P.O. Box 084, Trenton, NJ 08625)
Amount in excess of the amount expended: 3 (1+2) =
$
None
The undersigned certifies that the municipality has complied
with the regulations governing Municipal Public Defender as required under Public Law 1998, C. 256.
Chief Financial Officer :
Stephen Labb
Signature:
Certificate #:
Date:
416
2/2/11
2/2/11
Sheet 6a
Schedule of Trust Fund Reserves
Purpose
Amount
Dec. 31, 2009
per Audit
Report
Receipts
Disbursements
Balance
as at
Dec. 31, 2010
1. Dedicated Uniform Fire Fees
$
2,625.00 $
$
$
2,625.00
2. Forfeiture
6.70
0.03
6.73
3. Builder Deposits
40,293.15
8,679.64
2,824.88
46,147.91
4. Compensated Balances
33,931.10
4,167.76
7,799.76
30,299.10
5. Payroll
22,549.27 2,737,619.02
2,739,255.92
20,912.37
6. Public Defender Fees
2,480.19
2,978.00
5,458.19
7. POAA
328.00
44.00
372.00
8. Outside Employment of Officers
15,244.06
15,240.14
3.92
9. Tax Title Lien Redemptions
61,745.12
614,813.64 626,437.57
50,121.19
10. Premiums Received at Tax Sale
78,800.00
78,800.00
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
Totals:
$
242,758.53 $ 3,383,546.15 $ 3,397,016.46 $
229,288.22
Sheet 6b
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
Title of Liability to which Cash
and Investments are Pledged
Assessment Serial Bond Issues:
Sheet 7
Assessment Bond Anticipation Note Issues:
Other Liabilities
Trust Surplus
*Less Assets"Unfinanced"
* Show as Red Figure
Audit
RECEIPTS
Balance Dec. 31, Assessments and
Current Budget
2009
Liens
XXXXX
XXXXX
XXXXX
XXXXX
Balance
Disbursements
Dec. 31, 2010
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
Title of Liability to which Cash
and Investments are Pledged
Audit
RECEIPTS
Balance December Assessments and
Disbursements
Current Budget
Balance
December 31,
2010
31, 2009
Liens
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
Assessment Bond Anticipation Note Issues:
Sheet 7a
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
* Less: Assets "Unfinanced"
Other Liabilities
Trust Surplus
Total
* Show as Red Figure
POST CLOSING
TRIAL BALANCE
GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2010
Title of Account
Est. Proceeds Bonds and Notes Authorized
Bonds and Notes Authorized but Not Issued
Cash
Investments
Deferred Charges
Due From Current Fund
Debit
Credit
219,224.92
XXXXXXXX
XXXXXXXX
219,224.92
27,727.33
56,292.57
Dure From Federal and State Grant Fund
40,000.00
Deferred Charges to Future Taxation:
Funded
576,836.79
Unfunded
852,724.92
Green Trust Loan Payable
576,836.79
General Capital Bonds
Assessment Serial Bonds
Bond Anticipation Notes
633,500.00
Assessment Notes
Improvement Authorizations - Funded
35,500.00
Improvement Authorizations - Unfunded
199,500.00
Capital Improvement Fund
64,387.83
Down Payments on Improvements
Capital Surplus
Reserve for:
Heating System
Riverwalk Project
Payment of Notes
Total
1,772,806.53
Do not crowd add additional sheets
Sheet 8
25,000.00
64.80
18,792.19
1,772,806.53
CASH RECONCILIATION DECEMBER 31, 2010
CASH
Current
Trust Assessment
Trust - Dog License
Trust - Other
Capital -General
Water Operating
Water - Capital
* ON HAND ON DEPOSIT OUTSTANDING
6,094.59
1,668,905.49
5,635.50
LESS CHECKS CASH BOOK
348,183.81
BALANCE
1,326,816.27
6.02
3,748.75
249,350.60
150.72
5,490.80
31,235.89
221,863.46
27,727.33
27,727.33
Water Utility - Oper.
Utility Assessment - Trust
Water Utility Assess. - Trust
Water Utility - Capital
Federal and State Grants
5.03
194,994.31
194,999.34
Public Assistance #1 **
Public Assistance #2 **
Garbage District
Total
9,854.39
2,146,613.23
* Include Deposits in Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank
379,570.42
1,776,897.20
account.
REQUIRED CERTIFICATION
I hereby certify that all the amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with
applicable bank statements, certificates, agreements or passbooks at December 31, 2010.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbooks at December 31, 2010.
All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR
CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a)
Signature:
Sheet 9
Title:
Registered Municipal Accountant
CASH RECONCILIATION DECEMBER 31, 2010 (CONT'D)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
THE BANK
1,427,004.19
Current Fund
Tax Collector
HUD Special Purpose Grant Revolving Loan Fund
Small Cities Revolving Loan
Hazardous Discharge Site
241,901.30
80,322.64
23,071.14
Drunk Driving Enforcement Fund
79,626.34
Neighborhood Preservation Fund
11,192.74
Animal Control Fund
781.45
5,635.50
Accumulated Leave Account
30,299.10
Fire Safety Dedicated Account
2,625.00
Forfeiture Account
6.73
-2,560.09
Public Defender Account
3.92
Outside Employment Account
Coffee Escrow
180.93
Blue Diamond Meat Co. Escrow
112.89
Fast Cash Trading Post Escrow
96.57
Primax Properties LLC Escrow
5,754.85
Fenwick Commons Escrow
3,905.38
Planning Board Escrow for BDMC
14,535.72
Heritage Building Group Escrow
1,343.38
D&D Real Estate Escrow
607.81
Fenwick Commons II LLC Escrow
1,530.67
Pioneer Pipe Contractors Inc. Escrow
2,020.42
Housing Evolution Inc. Escrow
1,007.02
Healing Wing Pentacostal Escrow
68.34
Shiloh Baptist Church Escrow
236.66
Denken Properties LLC Escrow
115.90
Salem Daycare Realty Co.
2,400.00
Professional General Contracting by Tony Nerosa
347.50
Al-Maun Corp Tenant Exc
0.25
Erique Fuentes
185.00
Habitat for Humanity of Salem
1,000.00
Metropics Pennsylvania LLC
2,125.00
Penns Grove Partners LLC
544.18
Mt. Olivet Uame Church
2,150.00
Lead Professional Inc
970.00
La Reata Musical
1,000.00
Planning Board
1,730.00
Tri Community Action Agency
2,250.00
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
1,946,128.43
CASH RECONCILIATION DECEMBER 31, 2010 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Not Payroll
Payroll Agency
TTL Redemption
General Capital
CASH RECONCILIATION DECEMBER 31, 2010 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
19,886.15
25,010.96
38,350.44
109,396.07
Fenwick Commons LLC Escrow
Green Trust Account
6,551.92
1,289.26
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 9b
2,146,613.23
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Balance
2010 Budget
Tranferred
Received
Balance
Jan. 1, 2010
from
Revenue Realized
Dec. 31, 2010
Unappropriated
Cancelled
Grant
NJ Transportation Trust West Harmony III
34,119.54
34,119.54
NJ Transportation Trust West Pitman Street I
34,503.50
34,503.50
NJ Transportation Trust West Pitman Street II
31,083.05
31,083.05
NJ Transportation Trust West Pitman Street III
30,839.35
30,839.35
NJ Transportation Trust West Pitman Street IV
41,044.55
41,044.55
NJ Transportation Trust Barber Avenue
150,761.00
150,761.00
Small Cities CDBG Grant -
Installation of Wind Turbine at Sewerage Authority
400,000.00
Over the Limit Under Arrest
550.00
4,400.00
4,000.00
400,000.00
950.00
Click it or Ticket
4,000.00
4,000.00
Safety Seatbelt Initiative Grant
1,326.70
(1,326.70)
Clean Communities
8,074.29
8,074.29
Recycling Tonnage
4,979.64
(4,979.64)
Body Armor
866.27
866.27
NJ Senior Citizen and Disabled Transportation
79,295.32
70,726.08
(3,563.83)
5,005.41
Municipal Court Alcohol Education & Rehabilitation
100.55
100.55
Neighborhood Preservation Program
1,958.66
(1,958.66)
Sheet 10
TOTALS:
175,425.35
652,477.07
224,853.68
-8,543.47
-3,285.36
591,219.91
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Balance
Transferred from 2010 Budget
Grant
Appropriations
Jan. 1, 2010
Budget
Appropriation By
40A:4-87
Expended
Cancelled
Balance
Dec. 31, 2010
NJ Transportation Trust West Harmony III
13,625.31
(13,625.31)
NJ Transportation Trust West Pitman Street I
18,730.35
3,570.60
(15,159.75)
NJ Transportation Trust West Pitman Street II
9,408.98
(9,408.98)
NJ Transportation Trust West Pitman Street III
12,996.75
(12,996.75)
NJ Transportation Trust West Pitman Street IV
26,050.51
10,281.91
15,768.60
NJ Transportation Trust Barber Avenue
150,761.00
150,761.00
Small Cities CDBG Grant
Installation of Wind Turbine at Sewerage Authority
400,000.00
Over the Limit Under Arrest
2,800.00
4,400.00
4,000.00
400,000.00
3,200.00
Click It or Ticket
4,000.00
4,000.00
Safety Seat Belt Initiative Grant
1,260.76
(1,260.76)
Clean Communities
9,132.27
8,074.29
7,407.32
9,799.24
Recycling Tonnage
8,343.27
4,979.