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Penns GroveRed Risk

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2011

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DUE: 2/10/2012

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Executive Summary

The Borough of Penns Grove's Annual Financial Statement for the year 2011 (unaudited) is presented. It includes key financial data such as the population of 5,147, net valuation taxable of $178,905,801, and compliance certifications by the Chief Financial Officer and Registered Municipal Accountant. The document covers various fund types including Current, Public Assistance, Federal and State Grants, and Trust Funds, and details cash reconciliations and grant receivables. Specific deadlines are mentioned for filing this statement, with a penalty of five dollars per day for late submissions.

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Document Text

--- Document: 2011 Document ---
CFO
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2011
(UNAUDITED)
POPULATION LAST CENSUS
5,147
NET VALUATION TAXABLE 2011
178,905,801
MUNICODE 1707
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2012
MUNICIPALITIES - FEBRUARY 10, 2012
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
1
2
Date
Examined By:
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.
Signature
Name
Title
Email
Michael J. Welding
Registered Municipal Accountant
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,
Officer, License # 0416 , of the
Penns Grove
, County of
Stephen Labb
Borough
Salem
, am the Chief Financial
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, 2011, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as
to the veracity of required information included herein, needed prior to certification by the Director of Local Govern-
ment Services, including the verification of cash balances as of December 31, 2011,
Signature
Title
Address
Phone Number
Fax Number
Email
Chief Financial Officer
P.O. Box 527, Penns Grove, NJ 08069
856-299-8816
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 ANNUAI
FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE
REPRESENTATIONS AND ASSERTIONS MADE HEREIN.
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, 2011 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 ende December 31, 2011 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 munici-
pality/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 10th day of 2012
Michael J. Welding
Registered Municipal Accountant
Bowman & Company LLP
(Firm Name)
6 North Broad Street
(Address)
Woodbury, New Jersey 08096
(Address)
856.782.2892
(Phone Number)
mwelding@bowmanllp.com
(Email)
856.782.5092
(Fax Number)
Sheet la
Borough of Penns Grove, Muni Code: 1707
11
UNIFORM CONSTRUCTION CODE CERTIFICATION
BY CONSTRUCTION CODE OFFICIAL
The undersigned certifies that the municipality has compiled with the regula-
tions governing revenues generated by uniform construction code fees and
expenditures for construction code operations for fiscal year 2011 as required
under N.J.A.C. 5:23-4.17.
Printed Name:
Signature:
Certificate #:
Date:
Jeryl M. Goff
Jugl M Misf
007482
2-10-12
Sheet 1b
Borough of Penns Grove, Muni Code: 1707
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%
appropriations;
of total
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 a levy or appropriation "CAP" referendum.
10.
The municipality will not apply for Transitional Aid for 2012.
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
above and therefore does not qualify
with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
this municipality does not meet Item(s) #10 of the criteria
for local examination of its Budget in accordance
Borough of Penns Grove
Stephen Labb
0416
2/10/2
Sheet 1c
Borough of Penns Grove, Muni Code: 1707
21-6000999
Fed I.D. #
Borough of Penns Grove
Municipality
Salem
County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending:
December 31, 2011
(1)
(2)
(3)
Federal Programs
Expended
(administered by
State
the State)
Programs
Expended
Other Federal
Programs
Expended
TOTAL $
269,641.66
$
81,866.98
$
Type of Audit required by OMB A-133 and OMB 04-04:
X
Single Audit
Program Specific Audit
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 OMB A-133 (Revised 6/27/03) and OMB 04-04. The single audit threshold has been
increased to $500,000 beginning with fiscal year ending 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 governments.
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 governments.
Signature Of Chief Financial Officer
2/10/12
Date
Sheet 1d
Borough of Penns Grove, Muni Code: 1707
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
The following certification is to be used ONLY in the event there is NO municipality oper-
ated utility.
If there is a utility operated by the municipality or if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the docu-
ment.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
County of
Salem
Borough
of
Penns Grove
during the year 2011 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities
Signature
Name
Title
не
Michael J. Welding
Registered Municipal Accountant
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Munici-
pal Accountant.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2011
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2012 and filed with the County Board of Taxation on January 10, 2012 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of
$
179,199,850.
SIGNATURE OF TAX ASSESSOR
Borough of Penns Grove
MUNICIPALITY
Salem
COUNTY
Sheet 2
Borough of Penns Grove, Muni Code: 1707
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
The following certification is to be used ONLY in the event there is NO municipality oper-
ated utility.
If there is a utility operated by the municipality or if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the docu-
ment.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
County of
essary.
of
during the year 2011 and that sheets 40 to 68 are unnec-
I have therefore removed from this statement the sheets pertaining only to utilities
Name
Title
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Munici-
pal Accountant.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2011
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2012 and filed with the County Board of Taxation on January 10, 2012 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of
$ 179,199,850
Mantonise Proca
SIGNA
OF TAX ASSESSOR
Boroush of Penns Grove
MUNICIPALITY
Salemer
COUNTY
Sheet 2
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2011
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled
Title of Account
Cash
Investments
Due from State of NJ Senior Citizens & Veterans Deductions
Receivables with Full Reserves:
Delinquent Taxes
Tax Title Liens
Property Acquired by Taxes
Contract Sales Receivable
Mortgage Sales Receivable
Due from Redevelopment Agency
Prepaid School Taxes
Due from Federal and State Grant Fund
Due from Trust -- Animal Control Fund
Due from Trust -- Other Funds
Due from General Capital Fund
Sub-total Receivables with Full Reserves
Deferred Charges (Sheets 28, 29 & 30)
Deferred School Taxes (Sheets 13 & 14)
Sub-total
(Do not crowd - add additional sheets)
Debit
643,385.35
844.92
428,561.15
195,228.46
263,600.00
16,500.00
21,423.00
165,134.01
314.82
14,320.33
19,537.69
1,124,619.46
84,000.00
1,852,849.73
Credit
Sheet 3
Borough of Penns Grove, Muni Code: 1707
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2011
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled
Totals from Sheet 3
Title of Account
Cash Liabilities:
Appropriation Reserves
Due to State of New Jersey - Senior Citizens & Veterans Deductions
Local District School Tax Payable
Regional School Tax Payable
Debit
1,852,849.73
Credit
155,031.25
(0.00)
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
38,179.32
Accounts Payable
5,439.60
Prepaid Taxes
60,996.63
Reserve for Tax Map Revisions
10,000.00
Reserve for LOSAP
9,613.91
Reserve for Revaluation
48,922.50
Notes Payable
Special Emergencies
Revaluation
Tax Map Revisions
80,000.00
4,000.00
Sub-total Cash Liabilities
C
412,183.21
Reserve for Receivables
School Taxes Deferred (Sheets 13& 14)
Fund Balance
Total
1,124,619.46
316,047.06
1,852,849.73
1,852,849.73
(Do not crowd - add additional sheets)
Sheet 3a
Borough of Penns Grove, Muni Code: 1707
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
Accounts #1 and #2*
AS AT DECEMBER 31, 2011
Title of Account
Cash Public Assistance #1
Cash Public Assistance #2
Total
(Do not crowd - add additional sheets)
* To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Debit
Credit
Sheet 4
Borough of Penns Grove, Muni Code: 1707
POST CLOSING TRIAL BALANCE -
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2011
Title of Account
Cash
Federal and State Grants Receivable
Loans Receivable
Appropriated Reserves for Federal and State Grants
Unappropriated Reserves for Federal and State Grants
Due to Current Fund
Due to General Capital Fund
Reserve for Loans Receivable
Reserve for Program Income
Debit
206,907.12
698,085.23
62,142.46
Credit
566,448.72
4,610.70
165,134.01
40,000.00
62,142.46
128,798.92
Total
967,134.81
967,134.81
(Do not crowd - add additional sheets)
Sheet 5
Borough of Penns Grove, Muni Code: 1707
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated)
AS AT DECEMBER 31, 2011
Title of Account
Trust Assessment Fund
Cash
Deferred Charges
Assessment Bonds
Assessment Notes
Fund Balance
Total Trust Assessment Fund
Animal Control Fund
Cash
Deferred Charges
Due to Current Fund
Due to State of New Jersey Board of Health
Reserve for Animal Control Fund Expenditures
Debit
7,595.67
Credit
7,595.67
314.82
7,280.85
Total Animal Control Fund
7,595.67
7,595.67
(Do not crowd - add additional sheets)
Sheet 6
Borough of Penns Grove, Muni Code: 1707
Trust Other Fund
Cash
Deferred Charges
Due to Current Fund
Reserve for:
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated)
AS AT DECEMBER 31, 2011
Title of Account
Debit
Credit
226,199.61
14,320.33
Dedicated Uniform Fire Fees
2,625.00
Forfeiture
6.77
Builder Deposits
49,677.65
Compensated Balances
34,380.39
Payroll
22,417.84
Public Defender Fees
1,154.00
POAA
406.00
Outside Employment of Officers
3.94
Tax Title Lien Redemptions
101,207.69
Sub-total
226,199.61
226,199.61
(Do not crowd - add additional sheets)
Sheet 6i
Borough of Penns Grove, Muni Code: 1707
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated)
AS AT DECEMBER 31, 2011
Title of Account
Trust Other Fund (Cont'd)
Totals from Sheet 6i
Debit
Credit
226,199.61
226,199.61
Total Trust Other Fund
226,199.61
226,199.61
(Do not crowd - add additional sheets)
Sheet 6ii
Borough of Penns Grove, Muni Code: 1707
MUNICIPAL PUBLIC DEFENDER
CERTIFICATION
Public Law 1998, С. 256
Municipal Public Defender Expended Prior Year 2010:
Municipal Public Defender Trust Cash Balance December 31, 2011:
(1) $
X
5,458.19
25%
(2) $
1,364.55
(3)
$
1,154.00
Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25%
the amount which the municipality expended during the prior year providing the services of a municipal public
defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and
Review Collection Fund administered by the Victims of Crime Compensation Board (P.O. Box 084, Trenton, N.J. 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, С. 256.
Chief Financial Officer:
Signature:
Certificate #:
Date:
Stephen Labb
04,16
2/10/12
Sheet 6a
Borough of Penns Grove, Muni Code: 1707
Purpose
Schedule of Trust Fund Reserves
Amount
Dec. 31, 2010
per Audit
Report
Receipts
Disbursements
1. Dedicated Uniform Fire Fees
$
2,625.00 $
$
2. Forfeiture
6.73
0.04
Balance
as at
Dec. 31, 2011
2,625.00
6.77
3. Builder Deposits
46,147.91
7,999.18
4,469.44
49,677.65
4. Compensated Balances
30,299.10
4,081.29
34,380.39
5. Payroll
20,912.37
2,413,741.54
2,412,236.07
22,417.84
6. Public Defender Fees
1,154.00
1,154.00
7. POAA
372.00
34.00
406.00
8. Outside Employment of Officers
3.92
0.02
3.94
9. Tax Title Lien Redemptions
107,238.91
417,560.45
423,591.67
101,207.69
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
Totals:
$
207,605.94
2,844,570.52
2,840,297.18 $ 211,879.28
Sheet 6b
Borough of Penns Grove, Muni Code: 1707
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED ΤΟ
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"
Total
Audit
RECEIPTS
Balance
Assessments
Current
Dec. 31, 2010
and Liens
Budget
XXXXX
XXXXX
XXXXX
XXXXX
Disbursements
Balance
Dec. 31, 2011
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
XXXXX
Sheet 7
Borough of Penns Grove, Muni Code: 1707
POST CLOSING
TRIAL BALANCE - GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2011
Title of Account
Est. Proceeds Bonds and Notes Authorized
Bonds and Notes Authorized but Not Issued
Cash
Deferred Charges
Due from Federal and State Grant Fund
Deferred Charges to Future Taxation
Funded
Unfunded
Debit
126,824.92 XXXXXXXX
XXXXXXXX
126,824.92
38,069.38
40,000.00
545,798.65
693,624.92
Reserve for Heating System
Due to Current Fund
25,000.00
19,537.69
General Capital Bonds
Assessment Serial Bonds
Bond Anticipation Notes
566,800.00
Assessment Notes
Loans Payable
545,798.65
Loans Payable
Improvement Authorizations - Funded
25,000.00
Improvement Authorizations - Unfunded
42,100.00
Capital Improvement Fund
74,387.83
Down Payments on Improvements
Capital Surplus
Reserve for Riverwalk Project
76.59
Reserve for Payment of Notes
18,792.19
Total
1,444,317.87
Credit
1,444,317.87
(Do not crowd - add additional sheets)
Sheet 8
Borough of Penns Grove, Muni Code: 1707
CASH RECONCILIATION DECEMBER 31, 2011
Current
Trust - Assessment
Cash
*On Hand
On Deposit
Less Checks
Outstanding
Cash Book
Balance
13,396.49
1,211,303.81
581,314.95
643,385.35
Trust - Dog License
Trust - Other
Capital - General
Water - Operating Utility Operating
Water - Capital
Utility Capital
Utility Operating
Utility Capital
Public Assistance #1**
Public Assistance #2**
Garbage District
Federal and State Grant Fund
Municipal Open Space Trust Fund
7,740.37
265,412.67
38,069.38
144.70
7,595.67
39,213.06
226,199.61
38,069.38
5.03
206,902.09
206,907.12
Assessment Trust
Water Assessment Trust
Total
13,401.52
1,729,428.32
620,672.71
1,122,157.13
* - Include Deposits In Transit
** - Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains such a bank account
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2011.
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, 2011.
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:
Registered Municipal Accountant
Title:
Sheet 9
Borough of Penns Grove, Muni Code: 1707
CASH RECONCILIATION DECEMBER 31, 2011 (cont'd.)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
THE BANK
Current Fund
Tax Collector
HUD Special Purpose Grant Revolving Loan Fund
Small Cities Revolving Loan
Hazardous Discharge Site
Drunk Driving Enforcement Fund
Neighborhood Preservation Fund
970,921.17
240,382.64
90,811.08
28,750.60
79,771.31
6,785.57
783.53
Animal Control Fund
7,740.37
Accumulated Leave Account
34,380.39
Fire Safety Dedicated Account
2,625.00
Forfeiture Account
6.77
Public Defender Account
1,154.00
Outside Employment Account
3.94
Coffee Escrow
181.41
Blue Diamond Meat Co. Escrow
113.17
Fast Cash Trading Post Escrow
96.84
Primax Properties LLC Escrow
5,770.25
Fenwick Commons Escrow
3,912.44
Planning Board Escrow for BDMC
14,563.70
Heritage Building Group Escrow
1,346.98
D&D Real Estate Escrow
609.41
Fenwick Commons II LLC Escrow
1,534.76
Pioneer Pipe Contractors Inc. Escrow
2,025.84
Housing Evolution Inc. Escrow
1,009.72
Healing Wing Pentacostal Escrow
68.51
Shiloh Baptist Church Escrow
17.20
Denken Properties LLC Escrow
116.19
Salem Daycare Realty Co.
Professional General Contracting by Tony Nerosa
Al-Maun Corp Tenant Exc
Erique Fuentes
Habitat for Humanity of Salem
Metropics Pennsylvania LLC
Penns Grove Partners LLC
Total
2,400.00
347.50
0.25
185.00
1,000.00
2,125.00
545.63
1,502,086.17
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
Borough of Penns Grove, Muni Code: 1707
CASH RECONCILIATION DECEMBER 31, 2011 (cont'd.)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Balance from Sheet 9a
Mt. Olivet Uame Church
Lead Professional Inc
La Reata Musical
Planning Board
Tri Community Action Agency
HVDG LLC
Bob Michaels
Carmen Hernandez
1,502,086.17
2,150.00
200.00
970.00
1,730.00
930.00
3,727.85
1,000.00
1,000.00
Net Payroll
36,291.57
Payroll Agency
39,924.16
TTL Redemption
101,349.19
General Capital
30,212.97
Fenwick Commons LLC Escrow
6,563.71
Green Trust Account
1,292.70
Total
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
1,729,428.32
Borough of Penns Grove, Muni Code: 1707
Sheet 10
Grant
NJ Transportation Trust West Pitman Street I
NJ Transportation Trust Barber Avenue
NJ Transportation Trust South Smith
Small Cities CDBG Grant -
Installation of Wind Turbine at Sewerage Authority
Over the Limit Under Arrest
Clean Communities
Recycling Tonnage
Body Armor Replacement
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Balance
Jan. 1, 2011
2011 Budget
Revenue
Received
From
Balance
Unappropriated
Canceled
Dec. 31, 2011
Realized
34,503.50
150,761.00
104,952.15
199,973.00
400,000.00
950.00
7,459.42
7,459.42
2,194.42
2,194.42
1,603.86
1,603.86
85,953.75
76,159.28
3,000.00
NJ Senior Citizen and Disabled Transportation
Green Communities Grant
5,005.41
Totals
591,219.91
Sheet 10
300,184.45
188,570.85
3,798.28
34,503.50
45,808.85
199,973.00
400,000.00
950.00
950.00
14,799