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Port RepublicGreen Risk

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2014 Audit

BID #: N/A

ISSUED: 2/27/2015

DUE: TBD

VALUE: TBD

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Executive Summary

This document is the audit report for the City of Port Republic, New Jersey, for the year ended December 31, 2014. The audit was conducted by Ford-Scott & Associates, L.L.C., and includes an examination of the City's financial statements, prepared on a regulatory basis of accounting as prescribed by the New Jersey Division of Local Government Services. The report presents a comparative balance sheet, statement of operations and changes in fund balance, and statements of revenues and expenditures for the Current Fund, Trust Fund, and Capital Fund. It also includes supplementary data and notes to the financial statements.

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--- Document: 2014 Audit Document ---
CITY OF PORT REPUBLIC
ATLANTIC COUNTY
NEW JERSEY
AUDIT REPORT
FOR THE YEAR ENDED
DECEMBER 31, 2014
PART 1
Independent Auditor's Report
CURRENT FUND
CITY OF PORT REPUBLIC
TABLE OF CONTENTS
Exhibit
Page
1-4
Comparative Balance Sheet - Regulatory Basis
Comparative Statement of Operations and Change in
A
5-6
Fund Balance - Regulatory Basis
A-1
7-8
Statement of Revenues -Regulatory Basis
A-2
9-11
Statement of Expenditures - Regulatory Basis
A-3
12-16
TRUST FUND
Comparative Balance Sheet - Regulatory Basis
B
17
CAPITAL FUND
Comparative Balance Sheet - Regulatory Basis
Schedule of Fund Balance - Regulatory Basis
C
C-1
18
19
GENERAL FIXED ASSETS ACCOUNT GROUP
Balance Sheet - Regulatory Basis
NOTES TO FINANCIAL STATEMENTS
SUPPLEMENTARY DATA
Independent Auditor's Report - Government Auditing Standards
Schedule of Expenditures of Federal and State Awards
Notes to Schedule of Federal and State Awards
CURRENT FUND
Schedule of Cash - Treasurer
Schedule of Taxes Receivable and Analysis of
Property Tax Levy
Schedule of Tax Title Liens
Schedule of Revenue Accounts Receivable
G
20
21-35
36-37
38
39
A-4
40
A-5
41
A-6
42
A-7
43
CITY OF PORT REPUBLIC
TABLE OF CONTENTS
Exhibit
Page
Schedule of Appropriation Reserves
A-8
44
Schedule of Local District School Tax
A-9
45
Schedule of State Grants Receivable
A-10
46
Schedule of Reserve for State Grants - Appropriated
A-11
47
Schedule of Reserve for State Grants - Unappropriated
A-12
48
TRUST FUNDS
Schedule of Cash - Treasurer
B-1
49
Schedule of Reserve for Dog Expenditures
B-2
50
Schedule of Amount Due to/(from) Current Fund - Dog License Fund
B-3
51
Schedule of Amount Due to State of New Jersey - Department of Health
B-4
51
Schedule of Due to/(From Current Fund
B-5
52
Schedule of Miscellaneous Reserves
B-6
53
CAPITAL FUNDS
Schedule of Cash - Treasurer
C-2
54
Analysis of Cash
C-3
55
Schedule of Capital Improvement Fund
C-4
56
Schedule of Deferred Charges to Future Taxation - Funded
C-5
57
Schedule of Deferred Charges to Future Taxation - Unfunded
C-6
58
Statement of Improvement Authorizations
C-7
59
Schedule of General Serial Bonds
C-8
60
Schedule of Bond Anticipation Notes
C-9
61
Schedule of Bonds and Notes Authorized but Not Issued
C-10
62
PART II
General Comments
Findings and Recommendations
Status of Prior Recommendations
Recommendations
63-65
66
66
66
CITY OF PORT REPUBLIC
PART I
REPORT ON AUDIT OF FINANCIAL STATEMENTS
AND SUPPLEMENTARY DATA
YEAR ENDED DECEMBER 31, 2014
FORD-SCOTT
& ASSOCIATES, L.L.C.
CERTIFIED PUBLIC ACCOUNTANTS
1535 HAYEN AVENUE PO BOX 538 OCEAN CITY, NJ 08226-0538
PHONE 609.399.6333 FAX 609.399.3710
www.ford-scott.com
The Honorable Mayor and
Independent Auditor's Report
Members of City Council
City of Port Republic, New Jersey
Report on the Financial Statements
We have audited the accompanying balance sheets regulatory basis of the various
funds and account group of the City of Port Republic, as of December 31, 2014 and
2013, the related statement of operations and changes in fund balance - regulatory
basis for the years then ended, and the related statement of revenues - regulatory basis
and statement of expenditures - regulatory basis of the various funds for the year ended
December 31, 2014, and the related notes to the financial statements, which collectively
comprise the City's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial
statements in accordance with the basis of accounting prescribed by the Division of
Local Government Services, Department of Community Affairs, State of New Jersey.
Management is also responsible for the design, implementation, and maintenance of
internal control relevant to the preparation and fair presentation of financial statements
that are free from material misstatements, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our
audit. We conducted our audit in accordance with auditing standards generally
accepted in the United States of America, the audit requirements prescribed by the
Division of Local Government Services, Department of Community Affairs, State of New
Jersey (the "Division"), and the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United
States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.
1
An audit involves performing procedures to obtain audit evidence about the amounts
and disclosures in the financial statements. The procedures selected depend on the
auditor's judgment, including the assessment of the risks of material misstatement of
the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity's preparation
and fair presentation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the entity's internal control. Accordingly, we express no such
opinion. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of significant accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinions.
Basis for Adverse Opinion on U.S Generally Accepted Accounting Principles.
As described in Note 1 of the financial statements, the financial statements are
prepared by the City of Port Republic on the basis of the financial reporting provisions
prescribed by the Division of Local Government Services, Department of Community
Affairs, State of New Jersey, which is a basis of accounting other than accounting
principles generally accepted in the United States of America, to meet the requirements
of New Jersey.
The effects on the financial statements of the variances between the regulatory basis of
accounting described in Note 1 and accounting principles generally accepted in the
United States of America, although not reasonably determinable, are presumed to be
material.
Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the "Basis for
Adverse Opinion on U.S Generally Accepted Accounting Principles" paragraph, the
financial statements referred to above do not present fairly, in accordance with
accounting principles generally accepted in the United States of America, the financial
position of each fund of the City of Port Republic as of December 31, 2014 and 2013, or
changes in financial position for the years then ended.
Basis for Qualified Opinion on Regulatory Basis of Accounting
As described in Note 16 of the financial statements, the City participates in a Length of
Service Award Program (LOSAP) for its volunteer fire and rescue personnel. The
amount reflected in the trust fund statements of $145,504.06 and $137,469.97 for 2014
and 2013 respectively were not audited and, therefore, we express no opinion on the
LOSAP program.
2
Qualified Opinion on Regulatory Basis of Accounting
In our opinion, except for the effects of the matter described in the "Basis for Qualified
Opinion on Regulatory Basis of Accounting" paragraph, the financial statements
referred to above present fairly, in all material respects, the regulatory basis balances
sheets and account group as of December 31, 2014 and 2013, the regulatory basis
statements of operations for the years then ended and the regulatory basis statements
of revenues and expenditures for the year ended December 31, 2014 in accordance
with the basis of financial reporting prescribed by the Division of Local Government
Services, Department of Community Affairs, State of New Jersey as described in Note
1.
Other Matters
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements
that collectively comprise the City of Port Republic's basic financial statements. The
supplementary information listed in the table of contents and schedule of expenditures
of federal awards, as required by Office of Management and Budget Circular A-133,
Audits of States, Local Governments, and Non-Profit Organizations and the schedule of
expenditures of state financial assistance as required by NJ OMB 04-04 and the letter of
comments and recommendations section are presented for purposes of additional
analysis and are not a required part of the basic financial statements.
The supplemental information listed in the table of contents and the schedule of
expenditures of federal awards, as required by Office of Management and Budget
Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, the
schedule of and the schedule of expenditures of state financial assistance as required
by NJ OMB 04-04 are the responsibility of management and were derived from and
relates directly to the underlying accounting and other records used to prepare the basic
financial statements. Such information has been subjected to the auditing procedures
applied in the audit of the basic financial statements and certain additional procedures,
including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the basic financial statements or to the
basic financial statements themselves, and other additional procedures in accordance
with auditing standards generally accepted in the United States of America. In our
opinion, the supplemental information listed in the table of contents, schedule of
expenditures of federal awards, as required by Office of Management and Budget
Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and
the schedule of expenditures of state financial assistance as required by NJ OMB 04-04
are fairly stated, in all material respects, in relation to the basic financial statements as a
whole.
3
The letter of comments and recommendations section has not been subject to the
auditing procedures applied in the audit of the basic financial statements, and
accordingly, we do not express an opinion or provide any assurance on it.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report
dated February 27, 2015 on our consideration of the City of Port Republic's internal
control over financial reporting and on our tests of its compliance with certain provisions
of laws, regulations, contracts, and grant agreements and other matters. The purpose of
that report is to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion
on internal control over financial reporting or on compliance. That report is an integral
part of an audit performed in accordance with Government Auditing Standards in
considering the City of Port Republic's internal control over financial reporting and
compliance.
Kenneth Moore
Kenneth Moore, CPA, RMA #231
Ford Scott & Associates, LLC
Ford Scott & Associates, LLC
February 27, 2015
4
EXHIBIT A - CURRENT FUND
:
CURRENT FUND
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
AS OF DECEMBER 31,
Exhibit A
Sheet 1
ASSETS
Regular Fund:
Cash:
Cash Treasurer
Cash - Change
Total Cash
2014
2013
$
1,275,448.87
2,313,471.54
100.00
100.00
1,275,548.87
2,313,571.54
Receivables and Other Assets with Full Reserves:
Delinquent Property Taxes Receivable
Tax Title and Other Liens
Property Acquired for Taxes -
at Assessed Valuation
Property Deeded to the City
Revenue Accounts Receivable
Interfund Receivable:
Grant Fund
Dog Trust
Open Space Trust
Other Trust Funds
75,399.71
79,302.43
2,098.42
24,955.07
923,101.00
923,101.00
386,300.00
386,300.00
1,630.87
1,249.24
54,336.26
57,565.52
2,043.13
1,633.95
3,130.93
4,442.35
4,425.70
Total Receivables and Other Assets
1,449,351.74
1,481,663.84
Deferred Charges:
Special Emergency Appropriation
Total Deferred Charges
38,227.00
18,455.00
38,227.00
18,455.00
Total Regular Fund
2,763,127.61
3,813,690.38
Federal and State Grant Fund:
Cash
Federal and State Grants Receivable
Total Federal and State Grant Fund
Total Current Fund
4,002.06
342,457.44
342,457.44
346,459.50
342,457.44
$
3,109,587.11
4,156,147.82
The accompanying Notes to Financial Statements are an integral part of this statement
5
CURRENT FUND
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
AS OF DECEMBER 31,
Exhibit A
Sheet 2
2014
2013
LIABILITIES, RESERVES AND FUND BALANCE
Regular Fund:
Liabilities:
Appropriation Reserves
Prepaid Taxes
Reserve for Tax Map
Reserve for Gravel
Reserve for Encumbrances
Overpaid Taxes
Local School Tax Payable
County Added Tax Payable
Due to State:
Veterans and Senior Citizens
126,499.88
$
591,010.43
93,195.59
100,231.76
18,767.98
12,902.59
53,058.45
49,821.59
17.98
1,624.56
234,482.21
313,293.50
3,523.74
182.20
13,780.36
5,800.00
11,980.53
63,249.96
Interfund Payable:
Open Space Trust
12,409.07
General Capital
29,475.17
1,136,873.76
1,690,160.45
Reserve for Receivables and Other Assets
Fund Balance
1,449,351.74
1,481,663.84
722,765.44
641,866.09
Total Regular Fund
2,763,127.61
3,813,690.38
Federal and State Grant Fund:
Unappropriated Reserves
Appropriated Reserves
Due to Current Fund
Total Federal and State Grant Fund
Total Current Fund
181.77
291,941.47
54,336.26
3,824.82
281,067.10
57,565.52
346,459.50
342,457.44
$
3,109,587.11
4,156,147.82
The accompanying Notes to Financial Statements are an integral part of this statement
6
CURRENT FUND
COMPARATIVE STATEMENT OF OPERATIONS AND CHANGES
IN FUND BALANCE - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31,
Exhibit A - 1
Sheet 1
2014
2013
Revenue and Other Income Realized
Fund Balance
Miscellaneous Revenue Anticipated
Receipts from Delinquent Taxes
Receipts from Current Taxes
$
218,750.00
124,800.00
365,670.94
296,741.39
102,583.58
113,297.51
2,742,792.35
2,620,334.78
Non Budget Revenue
87,996.71
77,634.87
Other Credits to Income:
Unexpended Balance of Appropriation Res.
89,548.34
59,285.82
Interfund Returned
Total Income
3,942.46
18,704.43
3,611,284.38
3,310,798.80
Expenditures
Budget and Emergency Appropriations:
Appropriations Within "CAPS"
Operations:
Salaries and Wages
273,825.02
264,254.00
Other Expenses
500,590.98
489,361.00
Deferred Charges & Statutory Expenditures
43,865.00
46,307.00
Appropriations Excluded from "CAPS"
Operations:
Other Expenses
14,460.00
14,460.00
Capital Improvements
57,500.00
19,700.00
Debt Service
110,145.27
10,049.00
Deferred Charges
9,228.00
9,228.00
Transferred to Board of Education
Local District School Tax
1,666,762.00
1,546,591.00
County Tax
616,195.02
635,121.90
County Share of Added Tax
3,523.74
182.20
Municipal Open Space Taxes
Total Expenditures
Excess in Revenue
15,540.00
3,311,635.03
299,649.35
260,004.70
15,540.00
3,050,794.10
The accompanying Notes to Financial Statements are an integral part of this statement
7
CURRENT FUND
COMPARATIVE STATEMENT OF OPERATIONS AND CHANGES
IN FUND BALANCE - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31,
Exhibit A - 1
Sheet 2
2014
2013
Utilization as Anticipated Revenue
Adjustments to Income before Fund Balance:
Expenditures included above which are by
Statute Deferred Charges to Budgets of
Succeeding Year
Emergency Appropriation
Total Adjustments
Statutory Excess to Fund Balance
Fund Balance January 1
Decreased by:
Fund Balance December 31
299,649.35
260,004.70
641,866.09
506,661.39
941,515.44
766,666.09
218,750.00
124,800.00
$
722,765.44
641,866.09
The accompanying Notes to Financial Statements are an integral part of this statement 8
CURRENT FUND
STATEMENT OF REVENUES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Exhibit A-2
Sheet 1
Anticipated
Budget
N.J.S. 40A:4-87
Realized
Excess or
(Deficit)
Fund Balance Anticipated
$
218,750.00
218,750.00
Total Fund Balance Anticipated
218,750.00
218,750.00
Miscellaneous Revenues:
Section A: Local Revenues
Municipal Court
Fines and Costs:
23,000.00
23,337.85
337.85
Interest and Costs on Taxes
15,000.00
26,518.10
11,518.10
Interest Earned on Investments
10,000.00
8,055.04
(1,944.96)
Communication Tower Rental - Bell Atlantic Nynex & Sprint
65,000.00
68,202.95
3,202.95
Total Section A: Local Revenues
113,000.00
126,113.94
13,113.94
Section B: State Aid Without Offsetting Appropriations
Energy Receipts Tax
176,307.00
Total Section B: State Aid Without Offsetting Appropriations
176,307.00
176,307.00
176,307.00
Section F: Special Items - Public and Private Programs
Off-Set with Appropriations
Clean Communities
4,000.00
4,000.00
Recycling Tonnage Grant
1,548.00
1,548.00
Municipal Alliance
13,927.02
13,927.02
Alcohol Education Rehabilitation
2,277.00
177.24
2,454.24
....
Comcast Technology
10,000.00
10,000.00
Total Section F: Special Items - Public and Private Programs
Off-Set with Appropriations
3,825.00
28,104.26
31,929.26
The accompanying Notes to Financial Statements are an integral part of this statement
9
CURRENT FUND
STATEMENT OF REVENUES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Section G: Special Items of Revenue Anticipated with Prior
Exhibit A-2
Sheet 2
Written Consent of Director
Reserve for Gravel
63,250.00
Total Section G: Special Items of Revenue Anticipated with Prior
Written Consent of Director
63,250.00
63,250.00
63,250.00
Total Miscellaneous Revenues:
Receipts from Delinquent Taxes
356,382.00
28,104.26
397,600.20
13,113.94
57,500.00
102,583.58
45,083.58
Amount to be Raised by Taxes for Support of Municipal Budget
Local Tax for Municipal Purposes
505,279.00
563,430.59
58,151.59
Total Amount to be Raised by Taxes for Support of Municipal Budget
505,279.00
563,430.59
58,151,59
Budget Totals
1,137,911.00
28,104.26
1,282,364.37
116,349.11
Non- Budget Revenues:
Other Non- Budget Revenues:
87,996.71
87,996.71
1,137,911.00
28,104.26
1,370,361.08
204.345.82
10
The accompanying Notes to Financial Statements are an integral part of this statement
CURRENT FUND
STATEMENT OF REVENUES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Exhibit A - 2
Sheet 3
Analysis of Realized Revenues
Allocation of Current Tax Collections:
Revenue from Collections
Less: Reserve for Tax Appeals Pending
Net Revenue from Collections
Allocated to:
School, County and Other Taxes
Balance for Support of Municipal Budget Appropriations
Increased by:
Appropriation "Reserved for Uncollected Taxes"
Amount for Support of Municipal Budget Appropriations
Receipts from Delinquent Taxes:
$ 2,742,792.35
2,742,792.35
2,302,020.76
440,771.59
122,659.00
563,430.59
Delinquent Tax Collection
Tax Title Lien Collections
Total Receipts from Delinquent Taxes
79,302.07
23,281.51
102,583.58
Analysis of Non-Budget Revenue:
Miscellaneous Revenue Not Anticipated:
Building Permits
12,353.00
Miscellaneous
30,177.07
Reimbursements
6,202.78
FEMA
38,913.86
Planning Board
350.00
Total Miscellaneous Revenue Not Anticipated:
$
87,996.71
The accompanying Notes to Financial Statements are an integral part of this statement
11
CURRENT FUND
STATEMENT OF EXPENDITURES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Exhibit A - 3
Appropriations
Expended
Budget
Budget After
Modifications
Paid or
Charged
Encumbered
Reserved
(Over expended)
Unexpended
Balance
Cancelled
OPERATIONS WITHIN "CAPS"
GENERAL GOVERNMENT:
Mayor and Council
Salaries and Wages
$
4,200.00
4,200.00
4,200.00
Other Expenses
1,600.00
1,476.71
1,476.71
Municipal Clerk
Salaries and Wages
98,954.00
102,371.00
102,370.85
0.15
Other Expenses
38,966.00
42,871.01
39,288.31
212.64
3,370.06
Financial Administration
Salaries and Wages
8,900.00
8,901.00
8,900.04
0.96
Other Expenses
5,300.00
3,837.00
3,837.00
Audit Services
Other Expenses
23,500.00
24,750.00
24,750.00
Revenue Administration (Tax Collector)
Salaries and Wages
10,960.00
10,960.00
10,959.96
0.04
Other Expenses
4,000.00
3,743.33
3,743.33
Tax Assessment Administration
Salaries and Wages
10,800.00
10,800.00
10,800.00
Other Expenses
1,695.00
1,695.00
739.22
110.78
845.00
Legal Services
Other Expenses
35,000.00
26,501.00
19,702.81
6,798.19
Liquidation of Tax Title Liens and Foreclosed Property
Other Expenses
100.00
Engineering Services and Costs
Other Expenses
14,000.00
12,447.00
8,337.00
4,110.00
MUNICIPAL COURT
Salaries and Wages
19,000.00
17,088.00
17,087.07
Other Expenses
Public Defender (P.L. 1997, C.256)
Other Expenses
LAND USE ADMINISTRATION
Planning Board
Salaries and Wages
Other Expenses
INSURANCE
Disability Insurance
12
9,175.00
9,175.00
9,148.98
0.93
26.02
750.00
750.00
600.00
150.00
1,000.00
2,000.00
325.20
2,000.00
325.20
1,150.40
0.00
849.60
400.00
400.00
210.90
189.10
The accompanying Notes to Financial Statements are an integral part of this statement
11
CURRENT FUND
STATEMENT OF EXPENDITURES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Exhibit A - 3
(Over expended)
Unexpended
Balance
Cancelled
.....
Appropriations
Budget
Liability Insurance
40,600.00
Group Insurance Plan for Employees
76,995.00
Expended
Budget After
Modifications
Paid or
Charged
Encumbered
Reserved
40,730.84
76,995.00
40,730.84
76,994.92
0.08
PUBLIC SAFETY
911 Services
2,000.00
2,000.00
2,000.00
Emergency Management Services
Salaries and Wages
4,000.00
1,559.90
1,559.90
Other Expenses
3,500.00
3,271.98
3,271.98
Aid to Volunteer Fire Company
25,000.00
25,000.00
25,000.00
Aid to Volunteer Fire Company - Insurance
3,000.00
3,000.00
3,000.00
First Aid Organization - Contribution
10,000.00
10,000.00
10,000.00
Municipal Prosecutor
Other Expenses
6,461.00
6,461.00
6,460.92
0.08
PUBLIC WORKS
Streets and Road Maintenance
Salaries and Wages
82,000.00
78,266.00
78,065.06
200.94
Other Expenses
17,500.00
25,013.79
16,647.70
6,659.56
1,706.53
Garbage and Trash Removal
Salaries and Wages
7,500.00
Other Expenses
81,000.00
7,500.00
81,000.00
6,108.69
1,391.31
64,834.06
5,500.00
10,665.94
Monitoring Wells
1,750.00
1,750.00
1,750.00
Buildings and Grounds
Salaries and Wages
2,281.00
2,090.66
2,090.66
Other Expenses
16,000.00
26,183.28
22,903.69
1,880.00
1,399.59
HEALTH AND HUMAN SERVICES
Dog Regulation
Other Expenses
2,600.00
1,620.00
1,215.00
Aid to Outreach
2,000.00
2,000.00
405.00
2,000.00
PARKS AND RECREATION
Parks and Playgrounds
Salaries and Wages
Other Expenses
Miscellaneous Other Expenses
UNIFORM CONSTRUCTION CODE
Construction Official
13
8,600.00
8,734.26
8,734.26
12,500.00
11,366.16
11,366.16
The accompanying Notes to Financial Statements are an integral part of this statement
11
CURRENT FUND
STATEMENT OF EXPENDITURES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Exhibit A - 3
(Over expended)
Unexpended
Balance
Cancelled
Appropriations
Budget
Salaries and Wages
Other Expenses
Plumbing Inspector
Salaries and Wages
Building Inspector
Salaries and Wages
Electrical Inspector
Salaries and Wages
CURRENT FUND
STATEMENT OF EXPENDITURES - REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 2014
Budget After
Modifications
Paid or
Charged
Encumbered
Reserved
11,445.00
500.00
11,445.00
11,444.16
0.84
2,601.00
2,601.00
2,601.00
2,601.00
2,601.00
2,601.00
4,382.00
4,382.00
4,340.76
41.24
UNCLASSIFIED
Celebration of Public Events
5,200.00
4,672.88
4,672.88
UTILITY EXPENSES AND BULK PURCHASES
Electric
9,000.00
9,000.00
8,742.30
257