Document Text
--- Document: 2014 Annual Debt Statement Document ---
Press here to Email the ADS if not using Microsoft outlook when completed.
ADS File Name: 0120_ads_2014.xls
State of New Jersey
Department of Community Affairs
Annual Debt Statement
0120 0120 Port Republic City - County of Atlantic
Budget Year Ending: 31-Dec-2014
Date Prepared:
23/01/2015
(Month-DD)
2014 (year)
Name: Gina Simon
Title: Chief Financial Officer
Address: 143 Main Street
Port Republic, NJ 08241
Phone: 609-652-1501
Fax: 609-652-8270
Email: ginasimon.portrepublic@comcast.net
CFO Cert #: N1540
Gina Simon, being duly sworn, deposes and says: Deponent is the Chief Financial Officer of 0120 Port Republic City -
1 County of Atlantic here and in the statement hereinafter mentioned called the local unit. This Annual Debt Statement
is a true statement of the debt condition of the local unit as of the date therein stated above and is computed as
provided by the Local Bond Law of New Jersey.
By checking this box, I am swearing that the above statement is true
(The Emall function will not work until you acknowledge the above
Gross Debt
Deduction
Total Bonds and Notes for Local School Purposes
$
$
$
Total Bonds and Notes for Regional School Purposes
$
$
$
$
$
$
$
$
$
$
$
$
Municipal/County General Obligations
2 Total
3
$
$
$
Net Debt
$
1,176,924.00 $
$
1,176,924.00
$
1,176,924.00 $
$
1,176,924.00
Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and the assessed
valuation of class II railroad property of the local unit for the last 3 preceding years).
Year
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2012 RR Property
$
134,799,930.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2013 RR Property
$
129,048,524.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2014 RR Property
4 Equalized Valuation Basis - Average of (1), (2) and (3).
5 Net Debt expressed as a percentage of such equalized valuation basis is: %
$
131,778,955.00
$
131,875,803.00
0.892%
summary
Page 1
BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one):
Type II
1 Term Bonds
2 Serial Bonds
(a) Issued
(b) Authorized but not issued
3 Temporary Notes
(a) Issued
(b) Authorized but not issued
$
$
4 Total Bonds and Notes
$
DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR SCHOOL PURPOSES
Amounts held or to be held for the sole purpose of paying bonds and notes included above.
Sinking funds on hand for bonds shown as Line 1 but not in excess of
5 such bonds.
runus om mana im uluse cases wiitit suoi rumus Camοι να κινσιιτα τυ
purposes other than the payment of bonds and notes included in Line
6 4.
$
Estimated proceeds of bonds and notes authorized but not issued
where such proceeds will be used for the sole purpose of paying
7 bonds and notes included in Line 4.
$
$
131,875,803.00 3.00% $
3,956,274.09
8% of average of equalized valuations
Use applicable per centum as follows:
2.50% Kindergarten or Grade 1 through Grade 6
3.00% Kindergarten or Grade 1 through Grade 8
3.50% Kindergarten or Grade 1 through Grade 9
4.00% Kindergarten or Grade 1 through Grade 12
9 Additional State School Building Aid Bonds (NJSA 18A:58-33.4(d))$
10 Total Potential Deduction
Total Allowable Deduction
$ 3,956,274.09
$
local school
Page 1
OTHER BONDS, NOTES AND LOANS - Page 2
4 BOND ANTICIPATION NOTES (state purposes separately)
(a) Issued
(1) Various Improvements
(2) Construction of new City Hall
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
Bond Anticipation Notes Issued
$
840,000.00
$
300,675.00
$
1,140,675.00
Page 1
muni notes issued
OTHER BONDS, NOTES AND LOANS - Page 3a
4 BOND ANTICIPATION NOTES (state purposes separately)
(b) Authorized but not issued
(1) Computers/Equipment
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
36,249.00
muni notes auth a
Page 1
OTHER BONDS, NOTES AND LOANS - Page 3b
4 BOND ANTICIPATION NOTES (state purposes separately)
(b) Authorized but not issued (Continued)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
(61)
(62)
(63)
(64)
(65)
(66)
(67)
(68)
(69)
(70)
(71)
(72)
(73)
(74)
(75)
(76)
(77)
(78)
(79)
(80)
(81)
(82)
(83)
(84)
(85)
(86)
(87)
(88)
Bond Anticipation Notes Authorized but not Issued
5 Total Bond Anticipation Notes Issued and Authorized but not Issued
$
36,249.00
$
1,176,924.00
muni notes auth b
Page 1
OTHER BONDS, NOTES AND LOANS - Page 4
6 MISCELLANEOUS BONDS, NOTES AND LOANS
(not including Tax Anticipation Notes, Emergency Notes, Special Emergency Notes and Utility Revenue Notes)
(a) Issued
(1) Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by the Municipality
(3)
Green Trust Loans
(4)
Infrastructure Trust
(5)
(6)
(7)
Miscellaneous Bonds, Notes and Loans Issued
(b) Authorized but not issued
(1)
(2)
(3)
(4)
(5)
Capital Notes (N.J.S.A. 40Α:2-8)
Bonds issued by another Public Body Guaranteed by the Municipality
Miscellaneous Bonds and Notes Authorized but not Issued
Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
$
$
$
muni other
Page 1