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RooseveltGreen Risk

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2016 - Annual Debt Statement

BID #: N/A

ISSUED: 1/29/2017

DUE: TBD

VALUE: $5,085,978.94

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Executive Summary

The document is the Annual Debt Statement for Roosevelt Borough, County of Monmouth, New Jersey, for the budget year ending December 31, 2016. It details the borough's gross debt, deductions, and net debt across various categories including municipal/county general obligations, local school purposes, regional school purposes, and utility funds (water & sewer). The statement includes details about term bonds, serial bonds, bond anticipation notes, and other miscellaneous bonds, notes, and loans.

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Document Text

--- Document: 2016 - Annual Debt Statement Document ---
summary
Page 1
ADS File Name: 1341_ads_2016.xls 
1341
 Date Prepared:
29-Jan-2017
Budget Year Ending: 31-Dec-2016
(Month-DD)
2016 (year)
Name:
Phone:
Title:
Fax:
Address:
Email:
CFO Cert #:
TRUE
Gross Debt
Deduction
Net Debt
476,000.00
$           
476,000.00
$           
-
$                                
-
$                       
-
$                       
-
$                                
4,372,728.94
$        
4,317,609.34
$        
55,119.60
$                     
-
$                       
-
$                       
-
$                                
-
$                       
-
$                       
-
$                                
-
$                       
-
$                       
-
$                                
237,250.00
$           
-
$                       
237,250.00
$                   
Total
5,085,978.94
$        
4,793,609.34
$        
292,369.60
$                   
Year
2014
85,758,772.00
$              
2015
82,507,544.00
$              
2016
85,912,641.00
$              
84,726,319.00
$              
0.345%
Chief Financial Officer
 George J. Lang
Press here to Email the ADS if not using Microsoft outlook when completed.
State of New Jersey
Department of Community Affairs
Annual Debt Statement
1341 Roosevelt Borough - County of Monmouth
609 448-0539
609 448-8716
Total Bonds and Notes for the Water & Sewer Utility 
 George J. Lang, being duly sworn, deposes and says:  Deponent is the Chief Financial Officer of 1341 Roosevelt 
Borough - County of Monmouth here and in the statement hereinafter mentioned called the local unit.  This Annual 
Debt Statement is a true statement of the debt condition of the local unit as of the date therein stated above and is 
computed as provided by the Local Bond Law of New Jersey.
Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and the assessed 
valuation of class II railroad property of the local unit for the last 3 preceding years).
cfo@rooseveltnj.org
N-0227
Total Bonds and Notes for  Local School Purposes
Roosevelt, NJ 08555
33 N. Rochdale Avenue
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II 
RR Property
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II 
RR Property
Net Debt expressed as a percentage of such equalized valuation basis is:  %
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II 
RR Property
Total Bonds and Notes for Regional School Purposes
Equalized Valuation Basis - Average of (1), (2) and (3)…………………………………………………
 
Municipal/County General Obligations
 
 
By checking this box, I am swearing that the above statement is true.   
(The Email function will not work until you acknowledge the above 


local school
Page 1
Local School District Type (select one):
Type II
1
Term Bonds
-
$                           
2
Serial Bonds
            (a)   Issued
476,000.00
$              
            (b)   Authorized but not issued
-
$                           
3
Temporary Notes
            (a)   Issued
-
$                           
            (b)   Authorized but not issued
-
$                           
4
Total Bonds and Notes
476,000.00
$              
5
-
$                           
6
-
$                           
7
-
$                           
8
% of average of equalized valuations
84,726,319.00
$            
2.50%
2,118,157.98
$           
Use applicable per centum as follows:
2.50% Kindergarten or Grade 1 through Grade 6
3.00% Kindergarten or Grade 1 through Grade 8
3.50% Kindergarten or Grade 1 through Grade 9
4.00% Kindergarten or Grade 1 through Grade 12
9
Additional State School Building Aid Bonds (NJSA 18A:58-33.4(d))
-
$                           
10 Total Potential Deduction
2,118,157.98
$           
Total Allowable Deduction
476,000.00
$              
Funds on hand in those cases where such funds cannot be diverted to 
purposes other than the payment of bonds and notes included in Line 
4.
Estimated proceeds of bonds and notes authorized but not issued 
where such proceeds will be used for the sole purpose of paying 
bonds and notes included in Line 4.
 DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR SCHOOL PURPOSES
  BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Amounts held or to be held for the sole purpose of paying bonds and notes included above.
Sinking funds on hand for bonds shown as Line 1 but not in excess of 
such bonds.


utility I
Page 1
IV.
Utility
1.
Term bonds
-
$                              
2.
Serial bonds
(a)
Issued
1,940,000.00
$              
(b)
Authorized but not issue 
-
$                              
3
Bond Anticipation Notes
(a)
Issued
-
$                              
(b)
Authorized but not issued
1,196,562.00
$              
4
Capital Notes (N.J.S.A. 40A:2-8)
(a)
Issued
-
$                              
(b)
Authorized but not issued
-
$                              
5
Other
(a)
Issued
1,236,166.94
$              
(b)
Authorized but not issued
-
$                              
6
Total
4,372,728.94
$              
1.
Total Cash Receipts from Fees, Rents or Other Charges for Year
891,182.45
$                 
2.
Operating and Maintenance Cost
636,156.00
$                 
3.
Debt Service
(a)
Interest
93,982.09
$             
(b)
Notes
-
$                        
(c)
Serial Bonds
163,800.34
$           
(d)
Sinking Fund Requirements
-
$                        
4.
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)
Interest on Refunding Bonds
-
$                        
(b)
Refunding Bonds
-
$                        
5.
Anticipated Deficit in Dedicated Assessment Budget
-
$                        
6.
Total Debt Service
257,782.43
$                 
7.
Total Deductions (Line 2 plus Line 6)
893,938.43
$                 
8.
Excess in Revenues (Line 1 minus Line 7)
-
$                              
9.
Deficit in Revenues (Line 7 minus Line 1)
2,755.98
$                     
10. Total Debt Service (Line 6)
257,782.43
$                 
11. Deficit (smaller of Line 9 or Line 10)
2,755.98
$                     
If Excess in Revenues (Line 8) all Utility Debt is Deductible
(a) Gross
Water & Sewer
System Debt
4,372,728.94
$              
(b) Less:  Deficit (Capitalized at 5%), (Line 9 or line 11)
times 20
55,119.60
$                   
(c) Deduction
4,317,609.34
$              
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
4,317,609.34
$              
(f) NonDeductible Combined GO Debt
2,755.98
$                                         
BONDS AND NOTES FOR UTILITY FUND
Water & Sewer
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation


muni bonds issued
Page 1
1 TERM BONDS (state purposes separately)
(1)
-
$                                
(2)
-
$                                
(3)
-
$                                
(4)
-
$                                
(5)
-
$                                
Total Term Bonds
 
-
$                            
2 SERIAL BONDS (state purposes separately)
(a) Issued
(1)
General Obligation Bonds Series 2012
125,000.00
$                   
(2)
-
$                                
(3)
-
$                                
(4)
-
$                                
(5)
-
$                                
(6)
-
$                                
(7)
-
$                                
(8)
-
$                                
(9)
-
$                                
(10)
-
$                                
(11)
-
$                                
(12)
-
$                                
(13)
-
$                                
(14)
-
$                                
(15)
-
$                                
(16)
-
$                                
(17)
-
$                                
(18)
-
$                                
(19)
-
$                                
(20)
-
$                                
(21)
-
$                                
(22)
-
$                                
(23)
-
$                                
(24)
-
$                                
(25)
-
$                                
(26)
-
$                                
(27)
-
$                                
(28)
-
$                                
(29)
-
$                                
(30)
-
$                                
(31)
-
$                                
(32)
-
$                                
(33)
-
$                                
(34)
-
$                                
(35)
-
$                                
(36)
-
$                                
(37)
-
$                                
(38)
-
$                                
(39)
-
$                                
(40)
-
$                                
(41)
-
$                                
(42)
-
$                                
(43)
-
$                                
(44)
-
$                                
(45)
-
$                                
(46)
-
$                                
(47)
-
$                                
(48)
-
$                                
(49)
-
$                                
(50)
-
$                                
(51)
-
$                                
(52)
-
$                                
(53)
-
$                                
(54)
-
$                                
(55)
-
$                                
(56)
-
$                                
(57)
-
$                                
(58)
-
$                                
(59)
-
$                                
(60)
-
$                                
(61)
-
$                                
(62)
-
$                                
(63)
-
$                                
(64)
-
$                                
Total Serial Bonds Issued
125,000.00
$                
(b)  Bonds Authorized but not Issued
(1)
-
$                                
(2)
-
$                                
(3)
-
$                                
(4)
-
$                                
(5)
-
$                                
Total Serial Bonds Authorized but not Issued
-
$                            
3 Total Serial Bonds Issued and Authorized but not Issued
125,000.00
$                
OTHER BONDS, NOTES AND LOANS - Page 1


muni notes issued
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(a)  Issued
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
     Bond Anticipation Notes Issued
-
$                              
OTHER BONDS, NOTES AND LOANS  - Page 2


muni notes auth a
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(b)  Authorized but not issued
(1)
 231 Reconstruction of Pine Drive Storm Sewers
62,250.00
$                  
(2)
Road Improvements to South Valley Road
40,000.00
$                  
(3)
Road Improvements to Windsor Road
10,000.00
$                  
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
OTHER BONDS, NOTES AND LOANS - Page 3a


muni notes auth b
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(b)  Authorized but not issued (Continued)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
(61)
(62)
(63)
(64)
(65)
(66)
(67)
(68)
(69)
(70)
(71)
(72)
(73)
(74)
(75)
(76)
(77)
(78)
(79)
(80)
(81)
(82)
(83)
(84)
(85)
(86)
(87)
(88)
     Bond Anticipation Notes Authorized but not Issued
112,250.00
$                 
5 Total Bond Anticipation Notes Issued  and Authorized but not Issued
112,250.00
$                 
OTHER BONDS, NOTES AND LOANS - Page 3b


muni other
Page 1
6 MISCELLANEOUS BONDS, NOTES AND LOANS
(a) Issued
(1)
Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by the Municipality
(3)
Green Trust Loans
(4)
Infrastructure Trust
(5)
(6)
(7)
Miscellaneous Bonds, Notes and Loans Issued
-
$                              
(b) Authorized but not issued
(1)
Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by the Municipality
(3)
(4)
(5)
Miscellaneous Bonds and Notes Authorized but not Issued
-
$                              
Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
-
$                              
Total of all Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
237,250.00
$                 
OTHER BONDS, NOTES AND LOANS - Page 4
(not including Tax Anticipation Notes, Emergency Notes, Special Emergency Notes and Utility Revenue Notes)