Start your 7-day free trial — unlock full access instantly.
← Back to Search1 CLAUSES FOUND
Lead Closed
This opportunity is no longer accepting submissions.
80
Rating
Risk Rank
Red Risk
AI-Powered Lead Insights
Executive Summary
The document is the 2021 Annual Financial Statement (AFS) for the City of Port Republic, Atlantic County, New Jersey. It includes detailed financial data, certifications by the Chief Financial Officer and Registered Municipal Accountant, and information on federal and state grants. The report provides a comprehensive overview of the city's financial standing as of December 31, 2021 and information regarding the 2022 municipal budget, including local examination qualification criteria. Municipalities were required to file this report by February 10, 2022. A penalty of five dollars per day was to be charged if the report was not filed by that date.
Web Content
Automated discovery link found on Port Republic website.
Document Text
--- Document: 2021 Annual Financial Statement Document --- Annual Financial Statement - Key In Municipal and County AFS Version 202- Required Information Name and County of Municipality Full Name of Municipality/County County of Municipality / County Name of Municipality / County Type Federal ID # Governing Body Type Port Republic City, Atlantic County CITY OF PORT REPUBLIC ATLANTIC PORT REPUBLIC CITY 21-6001026 COUNCIL MEMBERS Address Address Phone Fax 143 MAIN STREET PORT REPUBLIC, NJ 08241 609-652-1501 609-652-8270 Chief Financial Officer Registered Municipal Accountant Year Ending DATES Year End Next Year End JENNA KELLY NANCY SBROLLA Responses and Data *Counties wil Certificate # N-0808 12/31/2021 Balance - January 1, 2021 Balance - December 31, 2021 Outstanding - January 1, 2021 Outstanding - December 31, 2021 12/31/2021 12/31/2022 Budget Year AFS Year PY Population Last Census (2020) Net Valuation Taxable 2021 Muni Code 2022 2021 2020 1,115 115,784,100 0120 SELECT FISCAL YEAR TYPE: Calendar CALENDAR YEAR MUNICIPALITIES ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2021 COUNTIES - JANUARY 26, 2022 MUNICIPALITIES - FEBRUARY 10, 2022 AS AT DECEMBER 31, 2021 Dec. 31, 2020 UTILITY 1 UTILITY 2 UTILITY 3 UTILITY 4 UTILITY 5 Dec. 31, 2021 Jan. 1, 2021 YEAR-2020 YEAR-2021 HOW MANY UTILITIES DOES THE ENTITY HAVE: UTILITY NAME(S) 0 UTILITY 6 PAGE COUNT - SELECT STANDARD OR EXPANDED: ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2021 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2021 MUNICODE 1,115 115,784,100 0120 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2022 MUNICIPALITIES - FEBRUARY 10, 2022 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. CITY Date 1 2 of PORT REPUBLIC DO NOT USE THESE SPACES County of ATLANTIC Examined By: Preliminary Check Examined 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: (which I have prepared) or I hereby certify that I am responsible for filing this verified Annual Financial Statement, (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 # N-0808 PORT REPUBLIC of the County of JENNA KELLY CITY ATLANTIC 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, 2021, completely in compliance with N.J.S.A. 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, 2021. Signature Title Address 143 MAIN STREET Phone Number 609-652-1501 Fax Number 609-652-8270 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. Sheet 1 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 CITY of PORT REPUBLIC as of as of December 31, 2021 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.A. 40A:5-12, as amended. or 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) (no matters) [eliminate one] came to my attention that caused me to believe that the Annual Financial Statement for the year ended December 31, 2021 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: Certified by me this day 2022 Sheet 1a NANCY SBROLLA (Registered Municipal Accountant) FORD, SCOTT & ASSOCIATES, LLC (Firm Name) 1535 HAVEN AVENUE (Address) OCEAN CITY NJ 08226 (Address) 609-399-6333 (Phone Number) 609-399-3710 (Fax Number) 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. 1. 2. CERTIFICATION OF QUALIFYING MUNICIPALITY The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%; All emergencies approved for the previous fiscal year did not exceed 3% of total appropriations; 3. The tax collection rate exceeded 90%; 4. 5. Total deferred charges did not equal or exceed 4% of the total tax levy; 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. 10. The current year budget does not contain a Levy or Appropriation "CAP" waiver. The municipality has not applied for Transitional Aid for 2022. 11. The municipality did not adopt a Special Emergency ordinance for COVID-related expenses or loss of revenue (N.J.S.A. 40A:4-53 (I) and (m)). 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 #: CITY OF PORT REPUBLIC Date: CERTIFICATION OF NON-QUALIFYING MUNICIPALITY 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: CITY OF PORT REPUBLIC JENNA KELLY Sheet 1b 21-6001026 Fed I.D. # CITY OF PORT REPUBLIC Municipality ATLANTIC County Report of Federal and State Financial Assistance Expenditures of Awards $ (1) Federal programs Expended (administered by the state) Fiscal Year Ending: (2) State Programs Expended $ December 31, 2021 194,120.18 $ (3) Other Federal Programs Expended TOTAL Type of Audit required by Title 2 U.S. Code of Federal Regulations (CFR) (Uniform Requirements) and OMB 15-08. Single Audit 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. Signature of Chief Financial Officer Sheet 1c Date IMPORTANT! READ INSTRUCTIONS 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 CITY of 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 ATLANTIC PORT REPUBLIC during the year 2021 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 Officer, Comptroller, Auditor or Registered Municipal Accountant.) MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2021 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2022 and filed with the County Board of Taxation on January 10, 2022 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $ Sheet 2 115,900,200.00 SIGNATURE OF TAX ASSESSOR CITY OF PORT REPUBLIC MUNICIPALITY ATLANTIC COUNTY NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT DECEMBER 31, 2021 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled Title of Account CASH INVESTMENTS DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS Receivables with Full Reserves: TAXES RECEIVABLE: PRIOR CURRENT SUBTOTAL TAX TITLE LIENS RECEIVABLE PROPERTY ACQUIRED FOR TAXES CONTRACT SALES RECEIVABLE MORTGAGE SALES RECEIVABLE PROPERTY DEEDED TO THE CITY DUE FROM OTHER TRUSTS DUE FROM FEDERAL AND STATE GRANT FUND DUE FROM DOG DEFERRED CHARGES: EMERGENCY SPECIAL EMERGENCY (40A:4-55) DEFICIT Debit 1,502,699.44 29,081.43 29,081.43 11,063.77 923,101.00 386,300.00 300.51 4,454.53 3,758.50 Credit 13,649.00 Page Totals: 2,860,759.18 13,649.00 (Do not crowd - add additional sheets) Sheet 3 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2021 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled Title of Account TOTALS FROM PAGE 3 APPROPRIATION RESERVES ENCUMBRANCES PAYABLE CONTRACTS PAYABLE TAX OVERPAYMENTS PREPAID TAXES DUE TO STATE: MARRIAGE LICENCE DCA TRAINING FEES Debit 2,860,759.18 Credit 13,649.00 115,565.80 23,435.83 1,174.50 77,021.08 103.00 LOCAL SCHOOL TAX PAYABLE 515,746.44 REGIONAL SCHOOL TAX PAYABLE REGIONAL H.S.TAX PAYABLE COUNTY TAX PAYABLE DUE COUNTY - ADDED & OMMITTED 5,973.38 SPECIAL DISTRICT TAX PAYABLE RESERVE FOR TAX APPEAL DUE TO CAPITAL 30,478.51 DUE TO MUNICIPAL OPEN SPACE 92,195.00 DUE TO TRUST OTHER 5.46 RESERVE FOR REVAL 3,469.20 RESERVE FOR TAX MAP 700.00 RESERVE FOR GRAVEL 6,000.00 PAGE TOTAL (Do not crowd - add additional sheets) Sheet 3a 2,860,759.18 885,517.20 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2021 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled Title of Account TOTALS FROM PAGE 3a RESERVE FOR RECEIVABLES DEFERRED SCHOOL TAX DEFERRED SCHOOL TAX PAYABLE FUND BALANCE Debit 2,860,759.18 Credit 885,517.20 SUBTOTAL 2,860,759.18 885,517.20 "C" TOTALS (Do not crowd - add additional sheets) Sheet 3a,1 1,358,059.74 460,000.00 460,000.00 617,182.24 3,320,759.18 3,320,759.18 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2 * AS AT DECEMBER 31, 2021 TOTALS Title of Account (Do not crowd - add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4 Debit Credit POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2021 CASH GRANTS RECEIVABLE Title of Account Debit Credit 632,605.11 DUE FROM/TO CURRENT FUND 4,454.53 ENCUMBRANCES PAYABLE APPROPRIATED RESERVES UNAPPROPRIATED RESERVES TOTALS (Do not crowd - add additional sheets) Sheet 5 573,065.91 55,084.67 632,605.11 632,605.11 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2021 Title of Account ANIMAL CONTROL TRUST FUND CASH DUE TO CURRENT FUND DUE TO STATE OF NJ RESERVE FOR ANIMAL CONTROL TRUST FUND FUND TOTALS ASSESSMENT TRUST FUND CASH DUE TO - RESERVE FOR: FUND TOTALS MUNICIPAL OPEN SPACE TRUST FUND CASH DUR FROM CURRENT FUND RESERVE FOR FUTURE USE FUND TOTALS LOSAP TRUST FUND CASH RESERVE FOR LOSAP FUND TOTALS Debit Credit 4,346.88 3,758.50 30.40 618.78 4,377.28 4,377.28 144,425.05 92,195.00 236,620.05 236,620.05 236,620.05 263,515.09 263,515.09 263,515.09 263,515.09 (Do not crowd - add additional sheets) Sheet 6 POST CLOSING TRIAL BALANCE - TRUST FUNDS (CONT'D) (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2021 CDBG TRUST FUND CASH DUE TO - FUND TOTALS Title of Account ARTS AND CULTURAL TRUST FUND CASH FUND TOTALS OTHER TRUST FUNDS CASH DUE FROM CURRENT FUND DUE TO CURRENT FUND RESERVES Debit Credit 46,488.38 5.46 300.51 46,193.33 OTHER TRUST FUNDS PAGE TOTAL 46,493.84 46,493.84 (Do not crowd - add additional sheets) Sheet 6.1 POST CLOSING TRIAL BALANCE - TRUST FUNDS (CONT'D) (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2021 Title of Account Previous Totals OTHER TRUST FUNDS (continued) TOTALS Debit 46,493.84 Credit 46,493.84 46,493.84 46,493.84 (Do not crowd - add additional sheets) Sheet 6.2 POST CLOSING TRIAL BALANCE - TRUST FUNDS (CONT'D) (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2021 Title of Account Previous Totals OTHER TRUST FUNDS (continued) Debit 46,493.84 Credit 46,493.84 TOTALS 46,493.84 46,493.84 (Do not crowd - add additional sheets) Sheet 6, TOTALS SCHEDULE OF TRUST FUND RESERVES Purpose Unemployment Compensation TTL Redemption Amount Dec. 31, 2020 per Audit Report 7,923.74 Receipts Disbursements 815.37 93.11 Escrow Deposits 0.01 Balance as at Dec. 31, 2021 8,646.00 0.01 29,619.48 29,619.48 775.14 Recycling Trust 775.14 2,751.64 2,751.64 Open Space Trust 213,113.43 23,506.62 236,620.05 Recreation Trust 244.98 244.98 Historical 1,178.23 1,178.23 Quality Properties Escrow 2,849.55 1.71 2,851.26 Gravel Security 1,500.48 1,500.48 Matthew Strick and Escrow 128.95 0.04 128.99 Holly Creek- Turner 27,633.36 27,633.36 Joseph Simone 0.32 0,32 Kimberly Frazee 600.12 111.21 711.33 Gary Zarillo John Mannis Sharyl Allen 834.13 834.13 2,000.61 1,453.50 547.11 808.62 743.50 65.12 PAGE TOTAL $ 258,699.95 $ 57,697.79 $ 33,584.36 $ 282,813.38 Sheet 6b Purpose SCHEDULE OF TRUST FUND RESERVES (CONT'D) PREVIOUS PAGE TOTAL Amount Dec. 31, 2020 per Audit Report Receipts Disbursements 258,699.95 57,697.79 33,584.36 Balance as at Dec. 31, 2021 282,813.38 PAGE TOTAL $ 258,699.95 $ 57,697.79 $ 33,584.36 $ 282,813.38 Sheet 6b TOTAL 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 Audit Balance RECEIPTS Dec. 31, 2020 Assessments and Liens Current Budget XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX Balance Disbursements Dec. 31, 2021 XXXXXXXXX XXXXXXXXX Assessment Bond Anticipation Note Issues: XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX Other Liabilities Trust Surplus *Less Assets "Unfinanced" *Show as red figure XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX XXXXXXXXX POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND - AS AT DECEMBER 31, 2021 Title of Account Estimated Proceeds Bonds and Notes Authorized Bonds and Notes Authorized but Not Issued CASH DUE FROM - DUE FROM - CURRENT FEDERAL AND STATE GRANTS RECEIVABLE DEFERRED CHARGES TO FUTURE TAXATION: FUNDED UNFUNDED DUE TO - Debit Credit XXXXXXXXX 30,173.35 30,478.51 112,249.00 PAGE TOTALS 172,900.86 (Do not crowd - add additional sheets) Sheet 8 XXXXXXXXX POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND - AS AT DECEMBER 31, 2021 PREVIOUS PAGE TOTALS Title of Account BOND ANTICIPATION NOTES PAYABLE GENERAL SERIAL BONDS TYPE 1 SCHOOL BONDS LOANS PAYABLE CAPITAL LEASES PAYABLE RESERVE FOR CAPITAL PROJECTS IMPROVEMENT AUTHORIZATIONS: FUNDED UNFUNDED ENCUMBRANCES PAYABLE RESERVE TO PAY BANS CAPITAL IMPROVEMENT FUND DOWN PAYMENTS ON IMPROVEMENTS CAPITAL FUND BALANCE Debit 172,900.86 Credit 24,470.60 76,059.26 42,454.00 29,917.00 172,900.86 172,900.86 (Do not crowd - add additional sheets) Sheet 8.1 CASH RECONCILIATION DECEMBER 31, 2021 Current Grant Fund Trust - Animal Control Trust - Assessment Cash Less Checks Outstanding *On Hand On Deposit 34,547.24 1,490,318.40 22,166.20 4,346.88 Cash Book Balance 1,502,699.44 4,346.88 Trust - Municipal Open Space Trust - LOSAP 144,425.05 263,515.09 144,425.05 263,515.09 Trust - CDBG Trust - Other 46,488.38 46,488.38 Trust - Arts and Culture General Capital 30,173.35 30,173.35 UTILITIES: Total 34,547.24 1,979,267.15 22,166.20 1,991,648.19 * 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, 2021. 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, 2021. 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: Sheet 9 CASH RECONCILIATION DECEMBER 31, 2021 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" CURRENT FUND PAYROLL DOG TRUST OPEN SPACE TTL REDEMPTION 1,483,706.24 6,612.16 4,346.88 144,425.05 0.01 GENERAL CAPITAL NJ UNEMPLOYMENT 30,173.35 8,640.54 SHARYL ALLEN 65.12 QUALITY PROPERTIES 2,851.26 JOHN MANNIS 547.11 HOLLY CREEK-TURNER PERFORMANCE GUARANTEE 27,633.36 OTHER TRUST 5,675.33 LOSAP 263,515.09 ESCROW DISBURSEMENT 1,075.65 PAGE TOTAL 1,979,267.15 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 CASH RECONCILIATION DECEMBER 31, 2021 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" PREVIOUS PAGE TOTAL 1,979,267.15 TOTAL PAGE 1,979,267.15 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 Sheet 10 Grant Help America Vote Act Community Development Block Grant New Jersey Transportation Grant Church MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2021 Balance Jan. 1, 2021 Budget Revenue Realized 8,575.00 38,600.00 Received Other Cancelled Balance Dec. 31, 2021 8,575.00 38,600.00 88,383.50 88,383.50 Mill Road 7,088.11 7,088.11 Blake 66,735.00 66,735.00 Pomona Ave 201,270,00 144,675.00 56,595.00 NJDOT-2020 130,433.00 130,433.00 Wetland Preservation Park 6,508.00 6,508.00 Dept. of Environmental Protection 1,705.00 1,705.00 NJDEP 1,150.00 1,150.00 Atlantic County Municipal Alliance 14,500.00 14,500.00 Atlantic County Open Spaces 61,804.00 61,804.00 Atlantic County Open Spaces- 6 2,983.50 2,983.50 Atlantic County Open Spaces- 8 147,545.00 147,545.00 Clean Comminity 4,000.00 4,000.00 Recycling Tonnage 1,720.50 1,720.50 Alcohol Education Rehabilitation 1,363.19 1,363.19 PAGE TOTALS 777,280.11 7,083.69 151,758.69 632.605.11 Sheet Grant PREVIOUS PAGE TOTALS 10.1 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE (cont'd) Balance Jan. 1, 2021 2021 Budget Revenue Received Other Cancelled Balance Dec. 31, 2021 777,280.11 Realized 7,083.69 151,758.69 632,605.11 PAGE TOTALS 777,280.11 7,083.69 151,758.69 632,605.11 Grant PREVIOUS PAGE TOTALS Totals Sheet 10 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE (cont'd) Balance Jan. 1, 2021 2021 Budget Revenue Received Other Cancelled Balance Dec. 31, 2021 777,280.11 Realized 7,083.69 151,758.69 632,605.11 TOTALS 777,280.11 7,083.69 151,758.69 632,605.11 Grant SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Budget Appropriations Transferred from 2021 Expended Other Cancelled Balance Appropriation By 40A:4-87 Dec. 31, 2021 Balance Jan. 1, 2021 Budget Help America Vote Act 8.575.00 8.575.00 Houing and Urban Development Community Development Block Grant 37,075.00 37,075.00 Dept. of Environmental Protection Municipal Stormwater Regulation 4,444.31 4,444.31 Recycling Tonnage 14,
Protected Document Content
Start your free trial to view the raw municipal bid documents and web text.
Unlock Full AccessDetailed Risk Breakdown
local preference
No Flags Found
performance bond
No Flags Found
liquidated damages
Evidence Detected
"...FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2022
MUNICIPALITIES - FEBRUARY 10, 2022..."
Quick Actions
Contacts
Explore More
Timeline
First Discovered
Apr 2, 2026
Last Info Update
Apr 2, 2026
Start your 7-day free trial
Get instant notifications and full bid analysis. Existing users will be logged in automatically.
Start Free Trial