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2021 Annual Financial Statement

BID #: N/A

DUE: 2/10/2022

VALUE: TBD

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Executive Summary

The document is the Annual Financial Statement for the Borough of Rockaway, Morris County, New Jersey, for the year 2021. It includes financial data, certifications from the Chief Financial Officer and Registered Municipal Accountant, and reconciliations of various funds. The report details assets, liabilities, and fund balances across various funds, including the Current Fund, Trust Funds, and General Capital Fund. The document includes certifications regarding the accuracy of the financial information and compliance with New Jersey statutes. Penalties for late filing are $5 per day, with deadlines of January 26, 2022, for counties and February 10, 2022, for municipalities.

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Document Text

--- Document: 2021 Annual Financial Statement Document ---
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2021
(UNAUDITED)
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2021
MUNICODE
6,598
789,747,592
1434
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.
BOROUGH
Date
1
2
of
ROCKAWAY
1
County of
MORRIS
DO NOT USE THESE SPACES
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 kmantell@nisivoccia.com
Title
Borough Auditor
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement,
(which I have prepared) or
(which I have not prepared) [eliminate one] and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.
Further, I do hereby certify that I,
Officer, License #
N-0901
ROCKAWAY
1
of the
County of
Patricia Reiche
BOROUGH
MORRIS
, 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.
cfo@rockawayborough.org
Signature
Title
Chief Financial Officer
Address
1 East Main Street, Rockaway, NJ 07866
Phone Number
973-627-2000
973-627-8294
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.
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
BOROUGH
of
ROCKAWAY
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 24th day February
2022
Sheet 1a
Kathryn L. Mantell - kmantell@nisivoccia.com
(Registered Municipal Accountant)
Nisivoccia LLP
(Firm Name)
200 Valley Road, Suite 300
(Address)
Mount Arlington, NJ 07856
(Address)
973-298-8500
(Phone Number)
973-298-8501
(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.
CERTIFICATION OF QUALIFYING MUNICIPALITY
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2.
All emergencies approved for the previous fiscal year did not exceed 3% 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 (1) 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 #:
Date:
BOROUGH OF ROCKAWAY
Patricia Reiche
cfo@rockawayborough.org
N-0901
24-Feb-22
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:
BOROUGH OF ROCKAWAY
Sheet 1b
TOTAL
Note:
22-6002265
Fed I.D. #
BOROUGH OF ROCKAWAY
Municipality
MORRIS
County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending:
December 31, 2021
(1)
Federal programs
Expended
(administered by
the state)
$ 142,101.88 $
(2)
State
Programs
Expended
100,212.90
$
(3)
Other Federal
Programs
Expended
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)
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.
cfo@rockawayborough.org
Signature of Chief Financial Officer
Sheet 1c
February 24, 2022
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
BOROUGH
of
ROCKAWAY
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
MORRIS
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 $
791,462,900.00
assessor@rockawayborough.org.....
SIGNATURE OF TAX ASSESSOR
BOROUGH OF ROCKAWAY
MUNICIPALITY
MORRIS
COUNTY
Sheet 2
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2021
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" - Taxes Receivable Must Be Subtotaled
CASH
Title of Account
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
Debit
6,295,969.84
201,982.08
201,982.08
1,140,183.50
961,500.00
CONTRACT SALES RECEIVABLE
MORTGAGE SALES RECEIVABLE
SEWER RENTS RECEIVABLE
72,714.77
REVENUE ACCOUNTS RECEIVABLE
1,566.53
GRANTS RECEIVABLE
89,676.41
DUE FROM ANIMAL CONTROL FUND
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
DEFICIT
Credit
11,731.28
Page Totals:
8,763,593.13
11,731.28
(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 OTHER TRUST FUNDS
DUE TO STATE:
MARRIAGE LICENCE
DCA TRAINING FEES
LOCAL SCHOOL TAX PAYABLE
REGIONAL SCHOOL TAX PAYABLE
REGIONAL H.S.TAX PAYABLE
COUNTY TAX PAYABLE
DUE COUNTY - ADDED & OMMITTED
SPECIAL DISTRICT TAX PAYABLE
RESERVE FOR TAX APPEAL
ACCOUNTS PAYABLE
RESERVE FOR APPROPRIATED GRANTS:
Debit
8,763,593.13
Credit
11,731.28
822,723.10
269,517.61
219,306.51
186,458.39
125.00
566.00
3,880.51
650,000.00
17,408.73
ENCUMBERED
112,106.00
UNENCUMBERED
326,588.00
RESERVE FOR SALE OF MUNICIPAL ASSETS
514,311.00
RESERVE FOR REVALUATION
2,160.00
RESERVE FOR MASTER PLAN
RESERVE FOR SEWER IMPROVEMENTS
RESERVE FOR THIRD PARTY TAX TITLE LIENS
16,500.00
605,218.49
PAGE TOTAL
(Do not crowd - add additional sheets)
Sheet 3a
8,763,593.13
3,758,600.62
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
8,763,593.13
Credit
3,758,600.62
SUBTOTAL
8,763,593.13
3,758,600.62 "C"
TOTALS
(Do not crowd - add additional sheets)
Sheet 3a.1
2,467,623.29
2,537,369.22
8,763,593.13
8,763,593.13
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
GRANTS RECEIVABLE
Title of Account
DUE FROM/TO CURRENT FUND
ENCUMBRANCES PAYABLE
APPROPRIATED GRANT RESERVES
APPROPRIATED RESERVES
UNAPPROPRIATED RESERVES
TOTALS
(Do not crowd - add additional sheets)
Sheet 5
Debit
Credit
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 -
DUE TO STATE OF NJ
RESERVE FOR ANIMAL CONTROL TRUST FUND
PREPAID LICENSES
FUND TOTALS
ASSESSMENT TRUST FUND
CASH
DUE TO -
RESERVE FOR:
FUND TOTALS
MUNICIPAL OPEN SPACE TRUST FUND
CASH
FUND TOTALS
LOSAP TRUST FUND
CASH
FUND TOTALS
(Do not crowd - add additional sheets)
Sheet 6
Debit
Credit
22,385.23
39.00
21,708.23
638.00
22.385.23
22,385.23
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
RESERVE FOR:
TAX SALE PREMIUMS
COUNCIL ON AFFORDABLE HOUSING
STATE UNEMPLOYMENT INSURANCE
DEFERRED SICK LEAVE
TRUST ESCROW
ADDISON HILLS ESCROW
FORFEITED ASSETS
RECYCLING
OTHER TRUST FUNDS PAGE TOTAL
Debit
Credit
1,408,732.24
186,458.39
30,400.00
121,092.70
126,617.67
225,793.66
162,983.12
9,564.89
29,847.12
28,851.02
1,595,190.63
735,150.18
(Do not crowd - add additional sheets)
Sheet 6.1
Previous Totals
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2021
Title of Account
OTHER TRUST FUNDS (continued)
RESERVE FOR:
TREE REPLACEMENT
PARKING OFFENSES ADJUDICATION ACT
PUBLIC DEFENDER
D.A.R.E.
VITAL LIFE
STATE OF NJ HOUSING
POLICE DONATIONS
NATIONAL NIGHT OUT
FIRE PREVENTION
POLICE OUTSIDE DUTY
RECREATION
STORM RECOVERY
Debit
1,595,190.63
Credit
735,150.18
11,409.12
2,059.26
17,713.46
1,575.75
1,000.00
772.77
5,195.00
4,233.60
15,985.17
110,243.51
105,854.23
583,998.58
TOTALS
1,595,190.63
1,595,190.63
(Do not crowd - add additional sheets)
Sheet 6.2
Previous Totals
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2021
Title of Account
OTHER TRUST FUNDS (continued)
Debit
1,595,190.63
Credit
1,595,190.63
TOTALS
1,595,190.63
1,595,190.63
(Do not crowd - add additional sheets)
Sheet 6. TOTALS
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2020
per Audit
Balance
Purpose
Report
Receipts
Disbursements
as at
Dec. 31, 2021
Tax Sale Premiums
150,900.00
120,500.00
30,400.00
COAH
169,893.65
2,970.25
51,771.20
121,092.70
State Unemployment Insurance
109,456.90
20,702.66
3,541.89
126,617.67
Deferred Sick Leave
198,734.12
43,171.41
16,111.87
225,793.66
Shade Tree Commission
Storm Recovery
527,351.30
155,546.99
98,899.71
583,998.58
Reserve for Trust Escrow
121,818.91
110,699.67
69,535.46
162,983.12
Addison Hills Escrow
9,561.24
3.65
9,564.89
Forfeited Assets
29.855.21
3.91
12.00
29,847.12
Recycling
25,541.36
8,110.07
4,800.41
28,851.02
Tree Replacement
11,409.12
11,409.12
Parking Offenses Adjudication Act
2,707.26
10.00
658.00
2,059.26
Public Defender
16,798.46
915.00
17,713.46
DARE Program
1,575.75
1,575.75
Vital Life
1,000.00
1,000.00
State of NJ Housing
772.77
772.77
Police Donations
4,945.00
250.00
5,195.00
National Night Out
2,338.90
2,800.00
905.30
4,233.60
Fire Prevention
16,026.75
1,500.00
1,541.58
15,985.17
Police Outside Duty
77,147.56
512,420.00
479,324.05
110,243.51
Recreation Reserve
64,582.10
53,964.91
12,692.78
105,854.23
PAGE TOTAL
$ 1,542,416.36 $
913,068.52 $ 860,294.25 $ 1,595,190.63
Sheet 6b
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose
Amount
Dec. 31, 2020
per Audit
Report
Receipts
Disbursements
PREVIOUS PAGE TOTAL
1,542,416.36
913,068.52
860,294.25
Balance
as at
Dec. 31, 2021
1,595,190.63
PAGE TOTAL
$ 1,542,416.36 $
913,068.52 $ 860,294.25 $ 1,595,190.63
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
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
Assessment Bond Anticipation Note Issues:
XXXXXXXXX
XXXXXXXXX
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
Disbursements
Balance
Dec. 31, 2021
POST CLOSING
GENERAL CAPITAL FUND
TRIAL BALANCE
AS AT DECEMBER 31, 2021
Title of Account
Estimated Proceeds Bonds and Notes Authorized
Bonds and Notes Authorized but Not Issued
CASH
DUE FROM COUNTY OF MORRIS
NJ DEPARTMENT OF TRANSPORTATION
COMMUNITY DEVELOPMENT BLOCK GRANT
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
UNFUNDED
DUE TO -
Debit
Credit
XXXXXXXXX
2,624,308.96
456.262.56
5,045,000.00
468,227.00
PAGE TOTALS
8,593,798.52
(Do not crowd - add additional sheets)
Sheet 8
XXXXXXXXX
POST CLOSING
GENERAL CAPITAL FUND
TRIAL BALANCE
Title of Account
PREVIOUS PAGE TOTALS
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
AS AT DECEMBER 31, 2021
Debit
8,593,798.52
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
DOWN PAYMENTS ON IMPROVEMENTS
RESERVE FOR PAYMENT OF DEBT SERVICE
Credit
468,227.00
5,045,000.00
1,974,356.01
468,227.00
334,320.50
CAPITAL FUND BALANCE
303,668.01
8,593,798.52
8,593,798.52
(Do not crowd - add additional sheets)
Sheet 8.1
CASH RECONCILIATION DECEMBER 31, 2021
Cash
*On Hand
On Deposit
Current
Grant Fund
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
75,411.07
6,364,327.12
102.00
22,287.85
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Culture
General Capital
116,097.76
2,508,211.20
UTILITIES:
Water Operating
8,711.77
Water Capital
991,510.13
2,585,279.81
Total
200,337.60
13,882,556.36
Less Checks
Outstanding
143,768.35
Cash Book
Balance
6,295,969.84
4.62
22,385.23
15.00
1,410,940.25
2,223.01
1,408,732.24
2,624,308.96
56,158.76
944,063.14
578.13
2,584,701.68
202,732.87
13,880,161.09
* 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:
cfo@rockawayborough.org
Title:
Sheet 9
Chief Financial Officer
CASH RECONCILIATION DECEMBER 31, 2021 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Current Fund:
Provident Bank
Provident Bank
NJ Cash Management Fund
Animal Control Fund:
Provident Bank
Other Trust Fund:
6,323,204.89
38,231.54
2,890.69
22,287.85
Provident Bank
165,010.23
Provident Bank
126,617.67
Santander Bank
Addison Hills
9,564.89
Provident Bank:
28,836.02
PNC Bank
29,398.52
Provident Bank:
945,658.69
Provident Bank
105,854.23
General Capital Fund:
Provident Bank
2,508,211.20
Water Utility Operating Fund:
Provident Bank
NJ Cash Management Fund
Water Utility Capital Fund:
Provident Bank
987,154.55
4,355.58
2,585,279.81
13,882,556.36
PAGE TOTAL
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
Sheet 9a
CASH RECONCILIATION DECEMBER 31, 2021 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
PREVIOUS PAGE TOTAL
13,882,556.36
TOTAL PAGE
13,882,556.36
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
PAGE TOTALS
Other
Cancelled
Balance
Dec. 31, 2021
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
2021
Balance
Jan. 1, 2021
Budget
Revenue
Realized
Received
Grant
PREVIOUS PAGE TOTALS
10.1
Sheet
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
PAGE TOTALS
Balance
Jan. 1, 2021
2021
Budget
Revenue
Realized
Received
Other
Cancelled
Balance
Dec. 31, 2021
Grant
PREVIOUS PAGE TOTALS
Totals
Sheet 10
TOTALS
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Balance
Jan. 1, 2021
2021
Budget
Revenue
Realized
Received
Other
Cancelled
Balance
Dec. 31, 2021
11
Sheet
Grant
PAGE TOTALS
Expended
Other
Cancelled
Appropriation
Balance
Dec. 31, 2021
By 40A:4-87
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Balance
Jan. 1, 2021
Transferred from 2021
Budget Appropriations
Budget
PREVIOUS PAGE TOTALS
11.1
Sheet
Grant
PAGE TOTALS
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Balance
Jan. 1, 2021
Transferred from 2021
Expended
Other
Cancelled
Appropriation
Balance
Dec. 31, 2021
By 40A:4-87
Budget Appropriations
Budget
PREVIOUS PAGE TOTALS
11.2
Sheet
Grant
PAGE TOTALS
Expended
Other
Cancelled
Appropriation
Balance
Dec. 31, 2021
By 40A:4-87
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Balance
Jan. 1, 2021
Transferred from 2021
Budget Appropriations
Budget
PREVIOUS PAGE TOTALS
Totals
Sheet 11
Grant
TOTALS
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Balance
Jan. 1, 2021
Transferred from 2021
Budget Appropriations
Budget
Expended
Other
Cancelled
Appropriation
Balance
Dec. 31, 20