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2020 Annual Financial Statement
BID #: N/A
DUE: 2/10/2021
VALUE: TBD
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Executive Summary
The document pertains to the Annual Financial Statement (AFS) for the Borough of Rockaway, Morris County, New Jersey, for the year 2020. It includes instructions for completing the AFS workbook, key dates, certifications required by the Chief Financial Officer and Registered Municipal Accountant, and detailed financial schedules covering various funds, including the Current Fund, Trust Funds, General Capital Fund, and Water Utility Fund. The AFS was required to be filed by Municipalities by February 10, 2021.
The document outlines the financial status of the municipality as of December 31, 2020, and includes details on cash reconciliation, grant receivables, appropriated reserves for federal and state grants, school taxes, county taxes, and various other financial aspects. It also covers debt service schedules for bonds and loans, emergency appropriations, and capital improvement funds. The document is primarily a template with data specific to Rockaway, NJ filled in.
The AFS must be submitted to the Division via the FAST portal, named as xxxx_afs_20xx.xls, using the municode and year.
Web Content
Automated discovery link found on Rockaway (City) website.
Document Text
--- Document: 2020 Annual Financial Statement Document ---
General Instructions to Complete the Annual Financial Statement Workbook
a) This workbook is composed of several individual worksheets to complete the Annual Financial
Statement.
b) It is designed to automatically calculate linked schedules from each of the data entry points.
c) The individual spreadsheets containing formulas are locked to protect the formulas.
d) Fill in only the gray sections of the worksheet.
e) Begin by navigating to the "Key Inputs" tab.
f)
Select the municipality (and county) or County by clicking on the arrow on the right side to
choose. This will populate the name and county and dates throughout the workbook. Then
continue to complete each of the fields in order to populate throughout the workbook. If a
Utility(s) exist, enter the type of utility into the fields listed.
g) In all applicable signature lines insert appropriate officials email address.
h) The completed AFS must be submitted to the Division, via the FAST portal and it must be
precisely named as: xxxx_afs_20xx.xls (provide 4 digits municode and year).
i) Only the Chief Financial Officer has access to the submit for review tab within the FAST portal.
j) If copying data from a prior workbook, utilize the copy and paste-special values functionality
built into Excel to preserve formatting.
k)
On the Key Inputs tab, users can click the "Convert to Standard Template" button to reduce the number
of unused pages throughout the document. To revert back to the full-size version of the workbook, click
the "Revert to Expanded Template" button.
Quick Guide:
https://www.nj.gov/dca/divisions/dlgs/pdf/FAST%20AFS%20Quick%20User%20Guide.pdf
Municipal AFS Version 2020.1
Information Required for
Annual Financial Statement
Name and County of Municipality
Full Name of Municipality / County
BOROUGH OF ROCKAWAY
County of Municipality / County
MORRIS
Name of Municipality / County
ROCKAWAY
Type
BOROUGH
Federal ID #
22-6002265
Governing Body Type
COUNCIL MEMBERS
Address
1 East Main Street, Rockaway, NJ 07866
Address
Phone
973-627-2000
Fax
973-627-8294
Certificate #
Chief Financial Officer
Patricia Reiche
N-0901
Registered Municipal Accountant
Kathryn L. Mantell - kmantell@nisivoccia.com
Year Ending
12/31/2020
DATES
Balance - January 1, 2020
Balance - December 31, 2020
Outstanding - January 1, 2020
Outstanding - December 31, 2020
Year End
12/31/2020
Next Year End
12/31/2021
Budget Year
2021
AFS Year
2020
PY
2019
POPULATION LAST CENSUS
6,438
NET VALUATION TAXABLE 2020
788,525,792
Muni Code
1434
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020
COUNTIES - JANUARY 26, 2021
MUNICIPALITIES - FEBRUARY 10, 2021
AS AT DECEMBER 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Jan. 1, 2020
YEAR - 2019
YEAR - 2020
UTILITY NAME
UTILITY 1
WATER UTILITY
UTILITY 2
UTILITY 3
UTILITY 4
UTILITY 5
UTILITY 6
Responses and Data
Annual Financial Statement - Key Inputs
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2020
MUNICODE
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.
of
, County of
Date
1
2
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:
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,
,am the Chief Financial
Officer, License #
, of the
of
, County 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, 2020, completely in compliance with N.J.S. 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, 2020.
Signature
Title
Address
Phone Number
Fax Number
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.
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.
DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020
(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2021
6,438
1434
788,525,792
MUNICIPALITIES - FEBRUARY 10, 2021
MORRIS
ROCKAWAY
BOROUGH
cfo@rockawayborough.org
Examined By:
Preliminary Check
ROCKAWAY
MORRIS
BOROUGH
Examined
cfo@rockawayborough.org
Chief Financial Officer
Patricia Reiche
N-0901
Chief Financial Officer
1 East Main Street, Rockaway, NJ 07866
Sheet 1
973-627-2000
973-627-8294
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
of
as of December 31,
2020
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
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
3rd
day
,2021
Sheet 1a
(Address)
973-298-8500
200 Valley Road, Suite 300
(Address)
973-298-8501
(Phone Number)
(Fax Number)
Mount Arlington, NJ 07856
Nisivoccia, LLP
(Firm Name)
ROCKAWAY
BOROUGH
March
Dec. 31, 2020
Kathryn L. Mantell - kmantell@nisivoccia.com
(Registered Municipal Accountant)
Fiscal Year Ending:
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
246,911.15
$
$
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.
3/3/2021
Date
Sheet 1c
December 31, 2020
(2)
Programs
Expended
State
cfo@rockawayborough.org
Signature of Chief Financial Officer
TOTAL
44,119.38
Report of Federal and State Financial Assistance
Expenditures of Awards
22-6002265
Fed I.D. #
BOROUGH OF ROCKAWAY
Municipality
MORRIS
County
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
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
of
,
County of
during the year 2020 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 Office, Comptroller, Auditor or Registered
Municipal Account.)
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.
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2021 and filed with the County Board of Taxation on January 10, 2021 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2020
ROCKAWAY
SIGNATURE OF TAX ASSESSOR
MORRIS
789,747,500.00
BOROUGH
assessor@rockawayborough.org
cfo@rockaway borough.org
Chief Financial Officer
Sheet 2
MUNICIPALITY
MORRIS
BOROUGH OF ROCKAWAY
COUNTY
Debit
Credit
CASH
5,568,005.92
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
-
10,762.10
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
-
CURRENT
185,205.03
SUBTOTAL
185,205.03
TAX TITLE LIENS RECEIVABLE
998,424.58
PROPERTY ACQUIRED FOR TAXES
961,500.00
CONTRACT SALES RECEIVABLE
-
MORTGAGE SALES RECEIVABLE
-
SEWER RENTS RECEIVABLE
60,934.71
REVENUE ACCOUNTS RECEIVABLE
2,344.82
GRANTS RECEIVABLE
65,591.66
DUE FROM ANIMAL CONTROL FUND
RESERVE FOR APPROPRIATED GRANTS:
ENCUMBERED
UNENCUMBERED
76,889.52
RESERVE FOR SALE OF MUNICIPAL ASSETS
429,311.00
RESERVE FOR REVALUATION
2,160.00
RESERVE FOR MASTER PLAN
16,500.00
RESERVE FOR SEWER IMPROVEMENTS
389,157.80
RESERVE FOR THIRD PARTY TAX TITLE LIENS
31,140.91
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
DEFICIT
-
page totals
7,842,006.72
955,921.33
(Do not crowd - add additional sheets)
Sheet 3
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS FROM PAGE 3
7,842,006.72
955,921.33
APPROPRIATION RESERVES
1,070,843.91
ENCUMBRANCES PAYABLE
271,176.97
CONTRACTS PAYABLE
TAX OVERPAYMENTS
PREPAID TAXES
207,960.18
DUE TO STATE:
MARRIAGE LICENCE
250.00
DCA TRAINING FEES
1,149.00
DEPARTMENT OF COMMUNITY AFFAIRS - BUILDING SURCHARGE
LOCAL SCHOOL TAX PAYABLE
308,285.00
REGIONAL SCHOOL TAX PAYABLE
-
REGIONAL H.S.TAX PAYABLE
2.00
COUNTY TAX PAYABLE
-
DUE COUNTY - ADDED & OMMITTED
1,988.82
SPECIAL DISTRICT TAX PAYABLE
-
RESERVE FOR TAX APPEAL
650,000.00
4,573.35
6,156.76
PAGE TOTAL
7,842,006.72
3,478,307.32
(Do not crowd - add additional sheets)
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
ACCOUNTS PAYABLE
OTHER ACCOUNTS PAYABLE
Debit
Credit
TOTALS FROM PAGE 3a
7,842,006.72
3,478,307.32
SUBTOTAL
7,842,006.72
3,478,307.32
"C"
RESERVE FOR RECEIVABLES
2,274,000.80
DEFERRED SCHOOL TAX
-
DEFERRED SCHOOL TAX PAYABLE
-
FUND BALANCE
2,089,698.60
TOTALS
7,842,006.72
7,842,006.72
(Do not crowd - add additional sheets)
Sheet 3a.1
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS
-
-
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet 4
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2 *
AS AT DECEMBER 31, 2020
Debit
Credit
CASH
-
GRANTS RECEIVABLE
65,591.66
GRANTS RECEIVABLE
(65,591.66)
DUE FROM/TO CURRENT FUND
ENCUMBRANCES PAYABLE
APPROPRIATED GRANT RESERVES
(76,889.52)
APPROPRIATED RESERVES
76,889.52
UNAPPROPRIATED RESERVES
-
TOTALS
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2020
Debit
Credit
Previous Totals
1,542,416.36
1,278,154.88
OTHER TRUST FUNDS (continued)
RESERVE FOR:
ADDISON HILLS ESCROW
9,561.24
FORFEITED ASSETS
29,855.21
RECYCLING
25,541.36
TREE REPLACEMENT
11,409.12
PARKING OFFENSES ADJUDICATION ACT
2,707.26
PUBLIC DEFENDER
16,798.46
D.A.R.E.
1,575.75
VITAL OF LIFE
1,000.00
STATE OF NJ HOUSING
772.77
POLICE DONATIONS
4,945.00
NATIONAL NIGHT OUT
2,338.90
FIRE PREVENTION
16,026.75
RECREATION
64,582.10
POLICE OUTSIDE DUTY
77,147.56
TOTALS
1,542,416.36
1,542,416.36
Sheet 6.2
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
Previous Totals
1,542,416.36
1,542,416.36
OTHER TRUST FUNDS (continued)
TOTALS
1,542,416.36
1,542,416.36
Sheet 6. TOTALS
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Amount
Dec. 31, 2019
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2020
Tax Sale Premiums
123,900.00
92,100.00
65,100.00
150,900.00
COAH
196,518.40
2,055.25
28,680.00
169,893.65
State Unemployment Insurance
83,054.59
28,285.53
1,883.22
109,456.90
Deferred Sick Leave
231,618.46
32,884.34
198,734.12
Shade Tree Commission
362.00
362.00
-
Storm Recovery
528,151.30
800.00
527,351.30
Reserve for Trust Escrow
183,135.45
60,717.91
122,034.45
121,818.91
Addison Hills Escrow
9,555.37
5.87
9,561.24
Forfeited Assets
28,933.20
922.01
29,855.21
Recycling
25,860.47
6,582.85
6,901.96
25,541.36
Tree Replacement
11,487.12
78.00
11,409.12
Parking Offenses Adjudication Act
2,685.26
22.00
2,707.26
Public Defender
15,468.46
1,330.00
16,798.46
DARE Program
1,575.75
1,575.75
Vital of Life
1,000.00
1,000.00
State of NJ Housing
772.77
772.77
Police Donations
4,695.00
250.00
4,945.00
National Night Out
2,373.90
35.00
2,338.90
Fire Prevention
10,526.75
6,050.00
550.00
16,026.75
Police Outside Duty
347,142.32
269,994.76
77,147.56
Recreation Reserve
61,604.41
10,654.75
7,677.06
64,582.10
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
1,523,278.66
$
556,118.49
$
536,980.79
$
1,542,416.36
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2019
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2020
PREVIOUS PAGE TOTAL
1,523,278.66
556,118.49
536,980.79
1,542,416.36
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
1,523,278.66
$
556,118.49
$
536,980.79
$
1,542,416.36
Sheet 6b TOTAL
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2019
Assessments
Current
Disbursements
Dec. 31, 2020
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
*Less Assets "Unfinanced"
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
RECEIPTS
Sheet 7
Debit
Credit
Est. Proceeds Bonds and Notes Authorized
782,423.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
782,423.00
CASH
3,010,427.44
DUE FROM COUNTY OF MORRIS
NJ DEPARTMENT OF TRANSPORTATION
454,654.65
COMMUNITY DEVELOPMENT BLOCK GRANT
80,000.00
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
415,000.00
UNFUNDED
6,502,622.00
DUE TO -
PAGE TOTALS
11,245,127.09
782,423.00
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Debit
Credit
PREVIOUS PAGE TOTALS
11,245,127.09
782,423.00
BOND ANTICIPATION NOTES PAYABLE
5,720,199.00
GENERAL SERIAL BONDS
415,000.00
TYPE 1 SCHOOL BONDS
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
RESERVE FOR CAPITAL PROJECTS
IMPROVEMENT AUTHORIZATIONS:
FUNDED
453,180.94
UNFUNDED
3,631,364.26
ENCUMBRANCES PAYABLE
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
115,064.50
DOWN PAYMENTS ON IMPROVEMENTS
-
12,925.52
CAPITAL FUND BALANCE
114,969.87
11,245,127.09
11,245,127.09
Sheet 8.1
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
RESERVE FOR PAYMENT OF DEBT SERVICE
Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
121,507.78
5,635,699.25
189,201.11
5,568,005.92
-
24,352.00
10.00
24,342.00
-
-
-
-
7,415.02
1,538,609.26
3,607.92
1,542,416.36
-
9,238.24
3,002,523.39
1,334.19
3,010,427.44
-
-
14,929.59
1,027,614.12
36,931.82
1,005,611.89
2,983,426.82
1,268.48
2,982,158.34
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
153,090.63
14,212,224.84
232,353.52
14,132,961.95
* 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, 2020.
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, 2020.
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:
CASH RECONCILIATION DECEMBER 31, 2020
Cash
Sheet 9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
General Capital
UTILITIES:
Water Operating
Water Capital
RMA (Auditor)
Grant Fund
Kathryn L. Mantell - kmantell@nisivoccia.com
PREVIOUS PAGE TOTAL
14,212,224.84
TOTAL PAGE
14,212,224.84
CASH RECONCILIATION DECEMBER 31, 2020 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
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
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
-
Recycling Tonnage Grant
4,778.48
5,825.52
4,778.48
5,825.52
Bulletproof Vest Partnership Grant
5,295.98
3,560.00
1,735.98
Safe and Secure Communities Grant:
-
2020
22,055.25
29,407.00
29,407.00
22,055.25
Drunk Driving Enforcement Fund
1,479.03
83.35
83.35
1,479.03
Municipal Alliance Grant
9,406.40
9,256.00
6,566.52
12,095.88
Morris County Historic Preservation Trust Fund -
-
Fox's Brook Culbert Project
22,400.00
22,400.00
Clean Communities
12,194.36
12,194.36
-
Body Armor Replacement
1,842.95
1,842.95
-
-
-
-
-
-
-
-
-
PAGE TOTALS
65,415.14
58,609.18
53,654.18
-
4,778.48
65,591.66
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Sheet 10
Grant
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
PREVIOUS PAGE TOTALS
65,415.14
58,609.18
53,654.18
-
4,778.48
65,591.66
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
65,415.14
58,609.18
53,654.18
-
4,778.48
65,591.66
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Sheet
10.1
Grant
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
PREVIOUS PAGE TOTALS
65,415.14
58,609.18
53,654.18
-
4,778.48
65,591.66
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
65,415.14
58,609.18
53,654.18
-
4,778.48
65,591.66
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet 10
Totals
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
1,564.30
1,842.95
3,407.25
4,476.20
11,500.00
694.36
16,670.56
1,735.98
1,735.98
55.00
55.00
21,991.57
83.35
3,037.83
19,037.09
65.50
8,000.00
8,065.50
-
2,904.15
9,256.00
3,336.00
8,824.15
726.04
2,314.00
834.00
2,206.04
20,635.38
5,825.52
8,018.55
4,778.48
13,663.87
3,224.08
3,224.08
14,703.50
14,703.50
29,407.00
-
-
-
-
-
-
-
-
PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
Sheet
11
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Grant
Transferred from 2020
Budget Appropriations
Body Armor Grant
Clean Communities
Bulletproof Vest
Distracted Driving
Drunk Driving Enforcement Fund
Historic Trolley - Local Match
Municipal Alliance:
2020
Municipal Alliance - Local Match
Recycling Tonnage
Morris County Local Safety Improvement
Safe and Secure Communities Grant
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
Sheet
11.1
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
Sheet
11.2
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
57,378.20
45,441.97
15,481.21
44,633.38
8,000.00
4,778.48
76,889.52
Sheet 11
Totals
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Received
Other
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
Sheet 12
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
Levy Calendar Year 2020
xxxxxxxxxxx
9,155,878.00
Paid
8,847,593.00
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
308,285.00
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
9,155,878.00
9,155,878.00
Board of Education for use of local schools.
# Must include unpaid requisitions.
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
2020 Levy
xxxxxxxxxxx
Interest Earned
xxxxxxxxxxx
Expenditures
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
MUNICIPAL OPEN SPACE TAX
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
Levy Calendar Year 2020
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
Levy Calendar Year 2020
xxxxxxxxxxx
6,542,544.00
Paid
6,542,542.00
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
2.00
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
xxxxxxxxxx
# Must include unpaid requisitions.
6,542,544.00
6,542,544.00
Sheet 14
REGIONAL SCHOOL TAX
REGIONAL HIGH SCHOOL TAX
(Provide a separate statement for each Regional District involved)
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
5,565.17
2020 Levy :
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
2,086,710.37
County Library
xxxxxxxxxxx
County Health
xxxxxxxxxxx
County Open Space Preservation
xxxxxxxxxxx
61,975.67
Due County for Added and Omitted Taxes
xxxxxxxxxxx
1,988.82
Paid
2,154,251.21
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
1,988.82
xxxxxxxxxx
2,156,240.03
2,156,240.03
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
2020 Levy: (List Each Type of District Tax Separately - see Footnote)
xxxxxxxxxxx
xxxxxxxxxx
Fire -
xxxxxxxxxxx
xxxxxxxxxx
Sewer -
xxxxxxxxxxx
xxxxxxxxxx
Water -
xxxxxxxxxxx
xxxxxxxxxx
Garbage -
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
Total 2020 Levy
xxxxxxxxxxx
-
Paid
xxxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxxx
-
-
Footnote: Please state the number of districts in each instance.
Sheet 15
COUNTY TAXES PAYABLE
SPECIAL DISTRICT TAXES
Budget
Realized
Excess or Deficit
Clean Communities Grant
694.36
694.36
-
Safe and Secure Communities Grant
14,703.50
14,703.50
-
Drunk Driving Enforcement Fund
83.35
83.35
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
15,481.21
15,481.21
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
15,481.21
15,481.21
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
15,481.21
15,481.21
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.1
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
15,481.21
15,481.21
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
15,481.21
15,481.21
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.2
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
15,481.21
15,481.21
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
15,481.21
15,481.21
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.3
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
15,481.21
15,481.21
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
15,481.21
15,481.21
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a Totals
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
2020 Budget as Adopted
9,653,241.32
2020 Budget - Added by N.J.S. 40A:4-87
15,481.21
Appropriated for 2020 (Budget Statement Item 9)
9,668,722.53
Appropriated for 2020 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
9,668,722.53
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
9,668,722.53
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
8,102,864.27
Paid or Charged - Reserve for Uncollected Taxes
494,200.00
Reserved
1,070,843.91
Total Expenditures
9,667,908.18
Unexpended Balances Canceled (see footnote)
814.35
FOOTNOTES - RE: OVEREXPENDITURES
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.
RE: UNEXPENDED BALANCES CANCELED
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures"
must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled".
2020 Authorizations
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
-
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
-
Sheet 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2020
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
Debit
Credit
Excess of Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues anticipated
xxxxxxxxx
96,129.50
Delinquent Tax Collections
xxxxxxxxx
-
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
188,555.58
Unexpended Balances of 2020 Budget Appropriations
xxxxxxxxx
814.35
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
169,972.97
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
Payments in Lieu of Taxes on Real Property
xxxxxxxxx
Sale of Municipal Assets
xxxxxxxxx
Unexpended Balances of 2019 Appropriation Reserves
xxxxxxxxx
504,693.51
Prior Years Interfunds Returned in 2020
xxxxxxxxx
555.19
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2020
-
xxxxxxxxx
Balance - December 31, 2020
xxxxxxxxx
-
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
-
xxxxxxxxx
Delinquent Tax Collections
61,030.65
xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes
-
xxxxxxxxx
Interfund Advances Originating in 2020
xxxxxxxxx
Increase in Grants Receivable
176.52
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
-
Surplus Balance - To Surplus (Sheet 21)
899,513.93
xxxxxxxxx
960,721.10
960,721.10
Sheet 19
RESULTS OF 2020 OPERATION
CURRENT FUND
-
xxxxxxxxx
Amount Realized
Cable Television Franchise Fees
100,054.98
Hotel Tax
12,387.72
NJ Senior Citizens & Veterans Deductions - Administrative Fee
774.82
Interest on Investments
56,676.49
Prior Year Refund
78.96
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
169,972.97
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Amount Realized
PREVIOUS PAGE TOTALS
169,972.97
Page Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
169,972.97
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20.1
Amount Realized
PREVIOUS PAGE TOTALS
169,972.97
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
169,972.97
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20 Totals
Debit
Credit
1.
Balance - January 1, 2020
xxxxxxxxx
1,965,184.67
2.
xxxxxxxxx
3.
Excess Resulting from 2020 Operations
xxxxxxxxx
899,513.93
4.
Amount Appropriated in the 2020 Budget - Cash
775,000.00
xxxxxxxxx
5.
Amount Appropriated in 2020 Budget - with Prior Written-
Consent of Director of Local Government Services
-
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2020
2,089,698.60
xxxxxxxxx
2,864,698.60
2,864,698.60
Cash
5,568,005.92
Investments
Sub Total
5,568,005.92
Deduct Cash Liabilities Marked with "C" on Trial Balance
3,478,307.32
Cash Surplus
2,089,698.60
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
-
Deferred Charges #
Cash Deficit #
Total Other Assets
-
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
2,089,698.60
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2021 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S.
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
Sheet 21
SURPLUS - CURRENT FUND
YEAR - 2020
ANALYSIS OF BALANCE DECEMBER 31, 2020
(FROM CURRENT FUND - TRIAL BALANCE)
1.
Amount of Levy as per Duplicate (Analysis) #
$
24,807,021.58
or
(Abstract of Ratables)
$
2.
Amount of Levy Special District Taxes
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
22,902.87
5a. Subtotal 2020 Levy
$
24,829,924.45
5b. Reductions due to tax appeals **
$
5c. Total 2020 Tax Levy
$
24,829,924.45
6.
Transferred to Tax Title Liens
$
139,263.99
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
3,434.64
9.
Discount Allowed
$
10. Collected in Cash: In 2019
$
169,242.77
In 2020 *
$
24,294,786.92
Homestead Benefit Credit
$
State's Share of 2020 Senior Citizens
and Veterans Deductions Allowed
$
37,991.10
Total To Line 14
$
24,502,020.79
11. Total Credits
$
24,644,719.42
12. Amount Outstanding December 31, 2020
$
185,205.03
13. Percentage of Cash Collections to Total 2020 Levy,
(Item 10 divided by Item 5c) is
98.67%
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ____ and complete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10
$
24,502,020.79
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
24,502,020.79
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include
Senior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2020 collections.
** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2020 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
$
24,502,020.79
LESS : Proceeds from Accelerated Tax Sale
Net Cash Collected
$
24,502,020.79
Line 5c (sheet 22) Total 2020 Tax Levy
$
24,829,924.45
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
98.68%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)
$
24,502,020.79
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
24,502,020.79
Line 5c (sheet 22) Total 2020 Tax Levy
$
24,829,924.45
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
98.68%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2020
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
Debit
Credit
1.
Balance - January 1, 2020
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
10,012.10
2.
Sr. Citizens Deductions Per Tax Billings
4,250.00
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
33,750.00
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
250.00
xxxxxxxxx
5.
Deductions Allowed By Tax Collector 2019 Taxes
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
258.90
8.
Deductions Disallowed By Tax Collector Prior Taxes
xxxxxxxxx
9.
Received in Cash from State
xxxxxxxxx
38,741.10
10.
11.
12. Balance - December 31, 2020
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
-
Due To State of New Jersey
10,762.10
xxxxxxxxx
49,012.10
49,012.10
Calculation of Amount to be included on Sheet 22, Item 10 -
2020 Senior Citizens and Veterans Deductions Allowed
Line 2
4,250.00
Line 3
33,750.00
Line 4
250.00
Sub - Total
38,250.00
Less: Line 7
258.90
To Item 10, Sheet 22
37,991.10
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxx
650,000.00
Taxes Pending Appeals
650,000.00
xxxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
xxxxxxxxx
Closed to Results of Operation
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxx
Balance - December 31, 2020
650,000.00
xxxxxxxxx
Taxes Pending Appeals*
650,000.00
xxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxx
xxxxxxxxx
* Includes State Tax Court and County Board of Taxation
650,000.00
650,000.00
Appeals Not Adjusted by December 31, 2020
3/5/2021
Date
Sheet 24
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2020 Taxes Collected which are
Pending State Appeal (Item 14, Sheet 22)
taxcollector@rockawayborough.org
T-1405
Debit
Credit
1. Balance - January 1, 2020
961,500.00
xxxxxxxxx
2. Foreclosed or Deeded in 2020
xxxxxxxxx
xxxxxxxxx
3.
Tax Title Liens
-
xxxxxxxxx
4.
Taxes Receivable
-
xxxxxxxxx
5A.
xxxxxxxxx
5B.
xxxxxxxxx
6.
Adjustment to Assessed Valuation
xxxxxxxxx
7.
Adjustment to Assessed Valuation
xxxxxxxxx
8. Sales
xxxxxxxxx
xxxxxxxxx
9.
Cash *
xxxxxxxxx
10.
Contract
xxxxxxxxx
11.
Mortgage
xxxxxxxxx
12.
Loss on Sales
xxxxxxxxx
13.
Gain on Sales
xxxxxxxxx
14. Balance - December 31, 2020
xxxxxxxxx
961,500.00
961,500.00
961,500.00
Debit
Credit
15. Balance - January 1, 2020
xxxxxxxxx
16. 2020 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2020
xxxxxxxxx
-
-
-
Debit
Credit
20. Balance - January 1, 2020
xxxxxxxxx
21. 2020 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2020
xxxxxxxxx
-
-
-
Analysis of Sale of Property:
$
-
* Total Cash Collected in 2020
Realized in 2020 Budget
To Results of Operation (Sheet 19)
-
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
from 2020
Dec. 31, 2020
Emergency Authorization -
Municipal*
$
$
$
$
-
Emergency Authorization -
Schools
$
$
$
$
-
Overexpenditure of Appropriations
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
TOTAL DEFERRED CHARGES
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S.A.40A:4-55,
N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
N.J.S.A. 40A:4-53 SPECIAL EMERGENCY -
TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Chief Financial Officer
REDUCED IN 2020
Sheet 29
Date
Purpose
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODS
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Amount
Not Less Than
Balance
Balance
Authorized
1/3 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55.1 et seq. and
N.J.S. 40A:4-55.13 et seq. and are recorded on this page
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Chief Financial Officer
REDUCED IN 2020
Sheet 30
Date
Purpose
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
395,000.00
Outstanding - December 31, 2020
415,000.00
810,000.00
2021 Bond Maturities - General Capital Bonds
$
2021 Interest on Bonds*
$
124,366.67
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds*
$
Total "Interest on Bonds - Debt Service" (*Items)
$
2021 Maturity
Interest
Rate
Total
-
Purpose
Amount Issued
Sheet 31
LIST OF BONDS ISSUED DURING 2020
-
Date of
Issue
xxxxxxxxx
xxxxxxxxx
810,000.00
ASSESSMENT SERIAL BONDS
760,000.00
xxxxxxxxx
124,366.67
xxxxxxxxx
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2021 Debt
Service
Credit
810,000.00
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for
Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for
LOAN
$
2021 Maturity
Interest
Rate
Total
-
xxxxxxxxx
Purpose
-
-
xxxxxxxxx
-
xxxxxxxxx
__________________________________ LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
2021 Debt
Service
Credit
xxxxxxxxx
Date of
Issue
Amount Issued
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2020
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for___________________ Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for __________________________ Loan
$
2021 Maturity
Interest
Rate
Total
-
Sheet 31a.1
-
-
LIST OF LOANS ISSUED DURING 2020
Purpose
Amount Issued
Date of
Issue
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for___________________ Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for __________________________ Loan
$
2021 Maturity
Interest
Rate
Total
-
Sheet 31a.2
-
-
LIST OF LOANS ISSUED DURING 2020
Purpose
Amount Issued
Date of
Issue
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Term Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Interest on Bonds*
$
2021 Bond Maturities - Serial Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2021 Maturity
-01
Interest
Rate
Total
-
Outstanding
Dec. 31, 2020
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2021 Debt
Service
Credit
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2020
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
xxxxxxxxx
2021 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Purpose
Date of
Issue
xxxxxxxxx
Amount Issued
-02
-
2021 Interest
Sheet 32
Requirement
2020
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
200,462.52
3,737,838.08
1,778,600.00
-
1,632,355.40
-
453,180.94
3,631,364.26
GRAND TOTALS
200,462.52
3,737,838.08
1,778,600.00
-
1,632,355.40
-
453,180.94
3,631,364.26
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35 Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2020
Balance - December 31, 2020
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
101,814.50
Received from 2020 Budget Appropriation *
xxxxxxxxx
75,000.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
61,750.00
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
115,064.50
xxxxxxxxx
176,814.50
176,814.50
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 36
xxxxxxxxx
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
114,969.87
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2020 Budget Revenue
xxxxxxxxx
Balance - December 31, 2020
114,969.87
xxxxxxxxx
114,969.87
114,969.87
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2020
A.
1.
Total Tax Levy for the Year 2020 was
$
2.
Amount of Item 1 Collected in 2020 (*)
$
3.
Seventy (70) percent of Item 1
$
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2020?
YES
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2020?
YES
If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the 2021 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
NO
D.
1.
Cash Deficit 2019
$
2.
4% of 2019 Tax Levy for all purposes:
Levy --
$
=
$
3.
Cash Deficit 2020
$
4.
4% of 2020 Tax Levy for all purposes:
Levy --
$
=
$
E.
1.
State Taxes
$
$
$
2.
County Taxes
$
$
$
3.
Amounts due Special Districts
$
$
$
4.
Amount due School Districts for School Tax
$
$
$
Sheet 39
2019
308,287.00
1,988.82
-
-
-
Answer YES or NO
Answer YES or NO
Unpaid
Total
2020
Answer YES or NO
MUNICIPALITIES ONLY
IMPORTANT !!
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete
(N.J.S.A. 52:27BB-55 as Amended by Chap. 211, P.L. 1981)
308,287.00
1,988.82
24,829,924.45
17,380,947.12
24,502,020.79
Note:
If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year 2020, please observe
instructions of Sheet 2.
UTILITIES ONLY
Sheet 40
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
2,982,158.34
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
7,539,586.24
AUTHORIZED AND UNCOMPLETED
5,456,287.57
PAGE TOTALS
15,978,032.15
-
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - WATER UTILITY UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Section in the same manner as set forth in General Capital Fund on Sheet 8
Sheet 41a
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
PREVIOUS PAGE TOTALS
15,978,032.15
-
BONDS PAYABLE
1,255,000.00
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
4,117,540.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED
47,853.87
UNFUNDED
2,536,813.17
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER UTILITY OPERATING
RESERVE FOR AMORTIZATION
7,294,092.66
RESERVE FOR DEFERRED AMORTIZATION
329,241.15
RESERVE FOR DEBT SERVICE
12,518.58
RESERVE FOR WATER CAPITAL IMPROVEMENTS
150,063.08
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
230,112.04
CAPITAL FUND BALANCE
4,797.60
TOTALS
15,978,032.15
15,978,032.15
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - WATER UTILITY UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
TOTALS
-
-
Sheet 42
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Water Utility Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
2,153,660.19
Miscellaneous Revenue Not Anticipated
32,900.04
2019 Appropriation Reserves Canceled in 2020
235,829.20
Total Revenue Realized
2,422,389.43
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
1,704,549.05
Reserved
454,577.82
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
2,159,126.87
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
2,159,126.87
Excess
263,262.56
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2020 Operation
("Excess in Operations" - Sheet 46)
263,262.56
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2020 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in the
Water Utility Utility for 2019
2019 Appropriation Reserves Canceled in 2020
235,829.20
Less:
* Excess (Revenue Realized)
235,829.20
** Items must be shown in same amounts on Sheet 44.
Sheet 45
Anticipated Deficit in 2019 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
STATEMENT OF 2020 OPERATION
WATER UTILITY UTILITY
Remainder =
Remainder =
Balance December 31, 2019
$
213,779.62
Increased by:
Rents Levied
$
1,616,591.93
Decreased by:
Collections
$
1,634,916.79
Overpayments applied
$
Transfer to Liens
$
Other
$
$
1,634,916.79
Balance December 31, 2020
$
195,454.76
Balance December 31, 2019
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2020
$
-
SCHEDULE OF WATER UTILITY UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF WATER UTILITY UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
2020
Dec. 31, 2020
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
Sheet 48
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
WATER UTILITY UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Sheet 48a
Date
Chief Financial Officer
UTILITY SPECIAL EMERGENCY
Purpose
REDUCED IN 2020
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
55,000.00
Outstanding - December 31, 2020
1,255,000.00
1,310,000.00
2021 Bond Maturities - Capital Bonds
$
2021 Interest on Bonds
$
55,381.26
2021 Interest on Bonds (*Items)
$
55,381.26
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
23,941.91
Subtotal
$
31,439.35
Add: Interest to be Accrued as of 12/31/2021
$
20,767.97
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
THE BOROUGH ISSUED BONDS IN FEBRUARY 2021
AND BUDGETED MORE PRINCIPAL AND INTEREST
THAN REFLECTED ABOVE
-
-
WATER UTILITY UTILITY CAPITAL BONDS
INTEREST ON BONDS - WATER UTILITY UTILITY BUDGET
52,207.32
55,000.00
xxxxxxxxx
xxxxxxxxx
1,310,000.00
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
WATER UTILITY UTILITY ASSESSMENT BONDS
2021 Debt
Service
Credit
Sheet 49
-
Purpose
1,310,000.00
Date of
Issue
Amount Issued
LIST OF BONDS ISSUED DURING 2020
xxxxxxxxx
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
-
WATER UTILITY UTILITY ________________ LOAN
INTEREST ON LOANS - WATER UTILITY UTILITY BUDGET
-
xxxxxxxxx
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
WATER UTILITY UTILITY ________________ LOAN
2021 Debt
Service
Credit
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Sheet 49a
-
Purpose
-
Date of
Issue
Amount Issued
LIST OF LOANS ISSUED DURING 2020
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
WATER UTILITY UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2020
WATER UTILITY UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - WATER UTILITY UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
Various Water Improvements - Ord. #11-15
300,000.00
9/19/2016
108,094.00
1/22/2021
1.00%
396.34
1/22/2021
2.
Various Water Improvements - Ord. #15-16
694,000.00
11/23/2016
639,239.00
1/22/2021
1.00%
2,343.88
1/22/2021
3.
Various Water Improvements - Ord. #09-17
740,000.00
9/14/2017
705,737.00
1/22/2021
1.00%
2,587.70
1/22/2021
4.
Various Water Improvements - Ord.#07-18
376,000.00
9/13/2018
1,206,470.00
1/22/2021
1.00%
4,423.72
1/22/2021
5.
Various Water Improvements - Ord.#11-19
730,920.00
9/12/2019
1,098,000.00
1/22/2021
1.00%
4,026.00
1/22/2021
6.
Various Water Improvements - Ord.#07-20
360,000.00
9/10/2020
360,000.00
1/22/2021
1.00%
1,320.00
1/22/2021
7.
8.
BOROUGH ISSUED BONDS IN
9.
FEBRUARY 2021
TOTAL
3,200,920.00
4,117,540.00
-
15,097.65
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
3,200,920.00
4,117,540.00
-
15,097.65
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2021 Interest on Notes
$
15,097.65
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
12,695.75
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
2,401.90
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2021
$
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
Required Appropriation - 2021
$
2,401.90
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
INTEREST ON NOTES - WATER UTILITY UTILITY BUDGET
DEBT SERVICE FOR WATER UTILITY UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
Sheet 50
Title or Purpose of Issue
2021
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
DEBT SERVICE SCHEDULE FOR WATER UTILITY UTILITY ASSESSMENT NOTES
Sheet 51
Title or Purpose of Issue
2021
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
190,112.04
Received from 2020 Budget Appropriation
xxxxxxxxx
40,000.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
230,112.04
xxxxxxxxx
230,112.04
230,112.04
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation *
xxxxxxxxx
Received from 2020 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
WATER UTILITY UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 53
WATER UTILITY UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
xxxxxxxxx
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER UTILITY OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2020
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2019 Appropriation Reserves Canceled in 2020
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2020 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2020 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in the
Utility for 2019
2019 Appropriation Reserves Canceled in 2020
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2020 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2019 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Balance December 31, 2019
$
Increased by:
Rents Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2020
$
-
Balance December 31, 2019
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2020
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
2020
Dec. 31, 2020
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Sheet 48a
UTILITY SPECIAL EMERGENCY
Date
Purpose
REDUCED IN 2020
Chief Financial Officer
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Capital Bonds
$
2021 Interest on Bonds
$
2021 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2020
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2020
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2020
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2021 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2021
$
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
Required Appropriation - 2021
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2021
Title or Purpose of Issue
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation *
xxxxxxxxx
Received from 2020 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
-
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Debit
Credit
PREVIOUS PAGE TOTALS
-
-
BONDS PAYABLE
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
-
UNFUNDED
-
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER UTILITY OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
-
TOTALS
-
-
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2020
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
-
Miscellaneous Revenue Not Anticipated
2019 Appropriation Reserves Canceled in 2020
Total Revenue Realized
-
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
-
Reserved
-
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
-
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
-
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2020 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2020 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in the
Utility for 2019
2019 Appropriation Reserves Canceled in 2020
Less:
* Excess (Revenue Realized)
-
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2020 OPERATION
UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2019 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
Balance December 31, 2019
$
Increased by:
User Charges Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2020
$
-
Balance December 31, 2019
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2020
$
-
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
2020
Dec. 31, 2020
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Sheet 48a
UTILITY SPECIAL EMERGENCY
Date
Purpose
REDUCED IN 2020
Chief Financial Officer
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Capital Bonds
$
2021 Interest on Bonds
$
2021 Interest on Bonds (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF BONDS ISSUED DURING 2020
UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - UTILITY BUDGET
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2020
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
LIST OF LOANS ISSUED DURING 2020
UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - UTILITY BUDGET
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2021 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2021
$
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
Required Appropriation - 2021
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - UTILITY BUDGET
DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2021
Title or Purpose of Issue
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation *
xxxxxxxxx
Received from 2020 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
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Patricia Reiche
Chief Financial Officer
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