Start your 7-day free trial — unlock full access instantly.
← Back to Search1 CLAUSES FOUND
Lead Closed
This opportunity is no longer accepting submissions.
AI-Powered Lead Insights
Executive Summary
The document is the Annual Financial Statement for the Borough of Roosevelt, County of Monmouth, New Jersey, for the year 2016. This unaudited statement includes financial data such as population, net valuation taxable, details on various fund balances (Current Fund, Trust Funds, General Capital Fund, Water-Sewer Utility Fund), school and county taxes, and schedules of revenues, appropriations, and debt. It also contains certifications by the Chief Financial Officer regarding the accuracy and compliance of the financial information, as well as qualifications for local examination of the municipal budget.
Web Content
Automated discovery link found on Roosevelt website.
Document Text
--- Document: 2016 - Annual Financial Statement Document ---
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016
(UNAUDITED)
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2016*
MUNICODE'
933
85,344,749
1341
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26,2017
MUNICIPALITIES - FEBRUARY 10,2017
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNO
TATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICA
TION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES.
BOROUGH
of
ROOSEVELT
County of
MONMOUTH
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.
DO NOT USE THESE SPACES
Date
Examined By:
1
Preliminary Check
2
Examined
I hereby certify that the debt shown on Sheets 31 to 34a,49 to 51 a and63 to 65aarecomplete, were computed bymeand
can be supported upon demand by a registeror other detailed analysis.
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I herebycertify that I am responsible for filing this verified Annual FinancialStatement, (which I have prepared)or
(which1have not prepared)-[eliminate one] and information required also included hereinand that this Statementis an
exactcopy of the original on file with the clerk of the governingbody,that all calculations,extensionsand additionsare
correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in
proof; I furthercertifythat this statement is correct insofaras I can determine fromall the books and recordskeptand
maintained in the Local Unit.
Further, Ido hereby certify that 1,
Officer, License
UN-0227
of the
ROOSEVELT
, Countyof
GEORGE J. LANG
MONMOUTH
am the Chief Financial
BOROUGH
of
and that the statements
annexed hereto and made a part hereof are true statements ofthe financial condition ofthe Local Unit as at December 31,
2016, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of
required information included herein, needed prior to certifiction by the Director of Local Government Services,
including the verification of cash balances as of December 31, 2016.
Signature
Title
Address
Phone Number
Fax Number
Email
PO BOX 128, ROOSEVELT, NJ 08555
(609) 448-0539
(609) 448-8716
cfo(5>rooseveItnj.org
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 Accountant (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statements 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, ___________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 re-
quirements 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 the 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 munici-
pality/county, taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:
Certified by me
this __________ day of _______________,2017.
Sheet 1a N/A
(Registered Municipal Accountant)
(Firm Name)
NOT APPLICABLE
(Fax Number)
(Address)
(Address)
(Phone Number)
(Email)
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
One of the following Certificationsmust be signed by the ChiefFinancial Officerif
your municipality is eligible forlocal examination.
CERTIFICATION OF QUALIFYING MUNICIPALITY
1.
The outstanding indebtedness ofthe previous fiscal year is not in excess of 3.5%;
2.
All emergencies approvedforthe previous fiscal year did not exceed 3% oftotal
appropriations;
3.
The tax collection rate exceeded 90%;
4.
The deferred charges did not equal or exceed 4% of the total tax levy;
5.
There were no "procedural deficiencies" noted bythe 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.
The current year budget does not contain a levy or appropriation "CAP" referendum.
10.
The municipalitywill not apply for Transitional Aid for 2017.
The undersigned certifies that this municilpalitv has complied infull 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:
Borough of Roosevelt
Chief Financial Officer:
Qeorge J. Lang,
Signature:
Certificate #:
#N-0227
Date:
02/24/17
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
The undersigned certifies that this municipality does not meet items(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:
Borough of Roosevelt
Chief Financial Officer:
George J. Lang
Signature:
Certificate*:
#N-0227
Date:
Sheet 1b
Title of Account
Debit
Credit
Cash
921,042.19
Receivables with Offsetting Reserves:
Taxes Receivable
39,809.83
Tax Title Liens Receivable
9,094.47
Foreclosed Property
181,700.00
Revenue Accounts Receivable
1,135.04
Due From Water-Sewer Operating
284,529.79
Due From Water-Sewer Capital
161,746.25
Deferred Charges:
Deferred School Taxes Payable
491,850.50
Special Emergency 40A:4-53
-
Emergency Authorization
-
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2016
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
(Do not crowd - add additional sheets)
Sheet 3
Title of Account
Debit
Credit
Appropriation Reserves
113,816.34
Reserve for Encumbrances
19,360.01
Prepaid Taxes
6,296.77
Due to Grant Fund
31,703.78
Accounts Payable
8,021.00
Due to State of NJ - Ch 20 P.L. 1971
1,124.89
Reserve for Cable TV Appropriated
5,000.00
Tax Overpayments
-
Added County Taxes Payable
81.76
Local District School Taxes Payable
296,532.50
-
-
Subtotal
481,937.05
"C"
Deferred School Taxes
491,850.50
Reserve for Receivables
678,015.38
Fund Balance
439,105.14
2,090,908.07
2,090,908.07
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
(Do not crowd - add additional sheets)
Sheet 3a
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2016
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Credit
*To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program.
Sheet 4 N/A
(Do not crowd - add additional sheets)
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2*
AS AT DECEMBER 31, 2016
Title of Account
Debit
Credit
Grants Receivable
5,893.19
Due From Current Fund
31,703.78
Encumbrances Payable
5,510.00
Reserve for Grants:
Appropriated
32,086.97
Unappropriated
-
37,596.97
37,596.97
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE -
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2016
Title of Account
Debit
Credit
Animal Control Fund
Cash
996.80
Due to State of NJ
5.40
-
Reserve for Animal Control Expenditures
991.40
996.80
996.80
Other Trust
Cash
54,445.67
-
Reserve for Trust Deposits
54,445.67
54,445.67
54,445.67
Sheet 6
(Do not crowd - add additional sheets)
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2016
MUNICIPAL PUBLIC DEFENDER
CERTIFICATION
Public Law 1998, C. 256
Municipal Public Defender Expended Prior Year 2015:
(1)
x
-___
25%
(2)
Municipal Public Defender Trust Cash Balance December 31, 2016:
(3)
257.00
Note: If the amount ofmoney in a dedicated fund established pursuant to this section exceeds by more than
25% the amount which the municipality expended during the prior year providing the services ofa municipal
public defender, the amount in excess ofthe amount expended shall be forwarded to the Criminal Disposition
and ReviewCollection Fund administered bythe Victims of Crime Compensation Board. (P.O. Box084,
Trenton, NJ 08625)
Amount in excess of the amount expended: 3 - (1 + 2) =
_$
257.00
The undersigned certifies that the municipalityhas com
plied with the regulations governing Municipal Public Defender as required under Public Law 1998, C. 256.
Chief Financial Officer:
George J. Lang
Signature:
Certificate*:
N-227
Date:
February 22, 2017
Sheet 6a
Purpose
Amount
Receipts
Disbursements
Balance
Dec. 31, 2015
as at
per Audit
Dec. 31, 2016
Report
1.
Escrow Funds
$
18,650.55
$
3,106.45
3,106.45
$
18,650.55
2.
Third Party Lien Redemption
-
176,637.91
176,637.91
-
3.
Historical Comm Donations
315.00
-
-
315.00
4.
Recreation Donations
250.00
-
250.00
5.
Public Defender-Millstone
Twp
157.00
300.00
200.00
257.00
6.
Payroll
2,133.47
427,508.32
427,509.67
2,132.12
7.
Tax Sale Premiums
57,500.00
-
25,000.00
32,500.00
8.
POAA
11.00
-
-
11.00
9.
Fire Department Donations
100.00
-
100.00
10.
Woodland Trail Memorial
Fund
230.00
230.00
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
-
30.
-
Totals:
$
79,117.02
$
607,782.68
$
632,454.03
$
54,445.67
Schedule of Trust Fund Reserves
Sheet 6b
Audit
Title of Liability to which Cash
Balance
Assessments
Current
Disbursements
Balance
and Investments are Pledged
Dec. 31, 2015
and Liens
Budget
Dec. 31, 2016
Assessment Serial Bond Issues:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Assessment Bond Anticipation Note Issues:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Other Liabilities
Trust Surplus
*Less Assets "Unfinanced"
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
-
-
-
-
-
-
-
-
*Show as red figure
RECEIPTS
Sheet 7 N/A
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
Title of Account
Debit
Credit
Est. Proceeds Bonds and Notes Authorized
112,250.00
XXXXXXXX
Bonds and Notes Authorized but Not Issued
XXXXXXXX
112,250.00
Cash
89,456.81
Grants Receivable
5,643.60
Deferred Charges to Future Taxation - Funded
125,000.00
Deferred Charges to Future Taxation - Unfunded
112,250.00
Due From Water-Sewer Capital Fund
9,345.00
Bonds Payable
125,000.00
Encumbrances Payable
-
Capital Improvement Fund
66,603.15
Reserve for Building Improvements
18,495.50
Improvement Authorizations:
Funded
28,195.77
Unfunded
101,545.02
Fund Balance
1,855.97
453,945.41
453,945.41
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE - GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2016
CASH RECONCILIATION DECEMBER 31, 2016
Cash
Less Checks
Outstanding
Cash Book
Balance
*On Hand
On Deposit
Current
60,208.21
906,329.30
45,495.32
921,042.19
Trust - Assessment
_
-
-
-
Trust - Dog License
_
1,011.80
15.00
996.80
Trust - Other
12,940.00
80,321.26
38,815.59
54,445.67
Capital - General
18,990.00
70,466.81
-
89,456.81
Water - Operating
_
-
-
-
Water - Capital
_
-
-
-
Utility -
Assessment Trust
Public Assistance **
_
-
-
-
Garbage District
-
-
-
-
-
Water/Sewer Operating
31,401.15
50,624.05
62,500.00
19,525.20
Water/Sewer Capital
5.00
2,542.30
369.36
2,177.94
-
-
-
-
-
-
-
-
-
-
-
Total
123,544.36
1,111,295.52
147,195.27
1,087,644.61
*
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
Ihereby certify that all amountsshown inthe "Cashon Deposit" column onSheet 9 and 9(a)havebeen verified with the
applicable bankstatements, certificates, agreements or passbooks at December31, 2016.
Ialsocertify thatall amounts, if any, shown for Investments in Savings and Loan Associations onany trial balance have
been verified with the applicable passbooks at December 31, 2016.
All "Certificates of Deposit". "Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUSTBE SIGNED BYTHE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL
OFFICER) dependingon whoprepared thisAnnual Financial Statementas certified to on Sheet 1 or 1(a).
Signature:
Title
CFO
Sheet 9
CURRENT FUND
1ST CONSTITUTION
804,489.85
1ST CONSTITUTION
101,839.45
TOTAL CURRENT FUND
906,329.30
ANIMAL CONTROL FUND
1ST CONSTITUTION
1,011.80
TOTAL ANIMAL CONTROL
1,011.80
-
OTHER TRUST
-
1ST CONSTITUTION
15,947.71
1ST CONSTITUTION
64,373.55
TOTAL OTHER TRUST
80,321.26
GENERAL CAPITAL FUND
-
1ST CONSTITUTION
70,466.81
TOTAL GENERAL CAPITAL FUND
70,466.81
WATER-SEWER UTILITY OPERATING FUND
1ST CONSTITUTION
50,624.05
TOTAL WATER-SEWER OPERATING FUND
50,624.05
WATER-SEWER UTILITY CAPITAL FUND
1ST CONSTITUTION
2,542.30
TOTAL WATER-SEWER UTILITY CAPITAL FUND
2,542.30
1,111,295.52
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
CASH RECONCILIATION DECEMBER 31, 2016 (cont'd)
separate bank accounts be maintained for each allocated fund.
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Sheet 9a
#REF!
Balance
2016
Received
Canceled
Balance
Grant
Jan. 1, 2016
Budget
Dec. 31, 2016
Revenue
Realized
Green Communities Grant
3,000.00
3,000.00
-
-
Clean Communites Grant
-
4,000.00
4,000.00
-
-
-
Sustainable Jersey Small Grant
2,000.00
2,000.00
-
-
Recreational Trails Grant
8,000.00
5,106.81
2,893.19
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
17,000.00
11,106.81
-
-
5,893.19
Sheet 10
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Grant
Balance
Budget
Appropriation
Expended
Balance
Jan. 1, 2016
By 40A:4-87
Dec. 31, 2016
Recycling Tonnage Grant
10,116.81
1,305.00
8,811.81
Green Communities Grant
-
3,000.00
3,000.00
-
-
-
Municipal Court Alcohol Education and
-
-
Rehabilitation Fund
266.81
266.81
Clean Communities Grant
21,740.67
4,000.00
5,855.23
19,885.44
-
-
Sustainable Jersey Small Grant-2014
105.87
103.19
2.68
Sustainable Jersey Small Grant-2016
-
2,000.00
1,511.00
489.00
Fund for Roosevelt - Environmental
-
-
Inventory
336.50
-
-
336.50
-
-
JIF Safety Grant
250.00
250.00
Recreational Trails Grant
-
8,000.00
5,955.27
2,044.73
-
-
Totals
32,816.66
17,000.00
-
-
17,729.69
-
-
32,086.97
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Sheet 11
Transferred from 2016
Budget Appropriations
Grant
Balance
Budget
Appropriation
Received
Balance
Jan. 1, 2016
By 40A:4-87
Dec. 31, 2016
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
Sheet 12
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred to 2016
Budget Appropriations
#REF!
Balance January 1, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85001-00
XXXXXXXX
313,990.50
School Tax Deferred
(Not in excess of 50% of Levy - 2015-2016)
85002-00
XXXXXXXX
491,850.50
Levy School Year July 1, 2016 - June 30, 2017
XXXXXXXX
1,577,451.00
Levy Calendar Year 2016
XXXXXXXX
Paid
1,594,909.00
XXXXXXXX
Balance December 31, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85003-00
296,532.50
XXXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016-2017)
85004-00
491,850.50
XXXXXXXX
2,383,292.00
2,383,292.00
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
Board of Education for use of local schools.
# Must include unpaid requisitions.
Debit
Credit
Balance January 1, 2016
85045-00
XXXXXXXX
2016 Levy
81105-00
XXXXXXXX
Interest Earned
XXXXXXXX
Expended
XXXXXXXX
Balance December 31, 2016
85046-00
XXXXXXXX
-
-
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
MUNICIPAL OPEN SPACE TAX
Debit
Credit
#REF!
Balance January 1, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85031-00
XXXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2015-2016)
85032-00
XXXXXXXX
Levy School Year July 1, 2016 - June 30, 2017
XXXXXXXX
Levy Calendar Year 2016
XXXXXXXX
Paid
XXXXXXXX
Balance December 31, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85033-00
XXXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016-2017)
85034-00
XXXXXXXX
-
-
# Must include unpaid requisitions.
Debit
Credit
Balance January 1, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85041-00
XXXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2015-2016)
85042-00
XXXXXXXX
Levy School Year July 1, 2016 - June 30, 2017
XXXXXXXX
Levy Calendar Year 2016
XXXXXXXX
Paid
XXXXXXXX
Balance December 31, 2016
XXXXXXXX
XXXXXXXX
School Tax Payable #
85043-00
XXXXXXXX
School Tax Deferred
(Not in excess of 50% of Levy - 2016-2017)
85044-00
XXXXXXXX
-
-
# Must include unpaid requisitions
(Provide a separate statement for each Regional District involved)
Sheet 14 N/A
REGIONAL SCHOOL TAX
Debit
Credit
REGIONAL HIGH SCHOOL TAX
#REF!
Balance January 1, 2016
XXXXXXXX
XXXXXXXX
County Taxes
80003-01
XXXXXXXX
Due County for Added and Omitted Taxes
80003-02
XXXXXXXX
314.16
2016 Levy:
XXXXXXXX
XXXXXXXX
General County
80003-03
XXXXXXXX
216,489.54
County Library
80003-04
XXXXXXXX
14,863.99
County Health
XXXXXXXX
4,363.25
County Open Space Preservation
XXXXXXXX
12,437.45
Due County for Added and Omitted Taxes
80003-05
XXXXXXXX
81.76
Paid
248,468.39
XXXXXXXX
Balance December 31, 2016
XXXXXXXX
XXXXXXXX
County Taxes
XXXXXXXX
Due County for Added & Omitted Taxes
81.76
XXXXXXXX
248,550.15
248,550.15
Debit
Credit
Balance January 1, 2016
80003-06
XXXXXXXX
-
XXXXXXXX
XXXXXXXX
Fire -
81108-00
-
XXXXXXXX
XXXXXXXX
Sewer -
81111-00
-
XXXXXXXX
XXXXXXXX
Water -
81112-00
-
XXXXXXXX
XXXXXXXX
Garbage -
81109-00
-
XXXXXXXX
XXXXXXXX
Open Space -
81105-01
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Total 2016 Levy
80003-07
XXXXXXXX
-
Paid
80003-08
-
XXXXXXXX
Balance December 31, 2016
80003-09
-
XXXXXXXX
-
-
Footnote: Please state the number of districts in each instance.
SPECIAL DISTRICT TAXES
Sheet 15
COUNTY TAXES PAYABLE
Debit
Credit
2016 Levy: (List Each Type of District Tax Separately - see Footnote)
#REF!
Balance January 1, 2016
80004-01
XXXXXXXX
-
State Library Aid Received in 2016
80004-02
XXXXXXXX
Expended
80004-09
XXXXXXXX
Balance December 31, 2016
80004-10
-
-
-
Balance January 1, 2016
80004-03
XXXXXXXX
State Library Aid Received in 2016
80004-04
XXXXXXXX
Expended
80004-11
XXXXXXXX
Balance December 31, 2016
80004-12
-
-
-
Balance January 1, 2016
80004-05
XXXXXXXX
State Library Aid Received in 2016
80004-06
XXXXXXXX
Expended
80004-13
XXXXXXXX
Balance December 31, 2016
80004-14
-
-
-
Balance January 1, 2016
80004-07
XXXXXXXX
State Library Aid Received in 2016
80004-08
XXXXXXXX
Expended
80004-15
XXXXXXXX
Balance December 31, 2016
80004-16
-
-
-
STATE LIBRARY AID
Debit
Credit
Credit
Debit
Credit
RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID
Debit
Sheet 16 N/A
RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID
RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Debit
Credit
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:54-35)
Source
Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
80101-
391,000.00
391,000.00
-
Surplus Anticipated with Prior Written Consent of
Director of Local Government
80102-
Miscellaneous Revenue Anticipated:
XXXXXXXX
XXXXXXXX
XXXXXXXX
Adopted Budget
108,849.00
113,934.00
5,085.00
Added by N.J.S. 40A:4-87: (List on 17a)
XXXXXXXX
XXXXXXXX
XXXXXXXX
Per attached sheet
-
-
-
Total Miscellaneous Revenue Anticipated
80103-
108,849.00
113,934.00
5,085.00
Receipts from Delinquent Taxes
80104-
45,000.00
45,169.46
169.46
Amount to be Raised by Taxation:
XXXXXXXX
XXXXXXXX
XXXXXXXX
(a) Local Tax for Municipal Purposes
80105-
621,350.46
XXXXXXXX
XXXXXXXX
(b) Addition to Local District School Tax
80106-
XXXXXXXX
XXXXXXXX
(c) Minimum Library Tax
80121-
-
Total Amount to be Raised by Taxation
80107-
621,350.46
759,772.78
138,422.32
1,166,199.46
1,309,876.24
143,676.78
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
80108-00
XXXXXXXX
2,405,459.77
Amount to be Raised by Taxation
XXXXXXXX
XXXXXXXX
Local District School Tax
80109-00
1,577,451.00
XXXXXXXX
Regional School Tax
80119-00
-
XXXXXXXX
Regional High School Tax
80110-00
-
XXXXXXXX
County Taxes
80111-00
248,154.23
XXXXXXXX
Due County for Added and Omitted Taxes
80112-00
81.76
XXXXXXXX
Special District Taxes
80113-00
-
XXXXXXXX
Municipal Open Space Tax
80120-00
XXXXXXXX
Reserve for Uncollected Taxes
80114-00
XXXXXXXX
180,000.00
Deficit in Required Collection of Current Taxes (or)
80115-00
XXXXXXXX
Balance for Support of Municipal Budget (or)
80116-00
759,772.78
XXXXXXXX
*Excess Non-Budget Revenue (see footnote)
80117-00
XXXXXXXX
*Deficit Non-Budget Revenue (see footnote)
80118-00
XXXXXXXX
2,585,459.77
2,585,459.77
*These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget"
column of the statement at the top of this sheet. In such instances, any excess or deficit in the above
allocation would apply to "Non-Budget Revenue" only.
Sheet 17
STATEMENT OF GENERAL BUDGET REVENUES 2016
ALLOCATION OF CURRENT TAX COLLECTIONS
-
NONE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total (Sheet 17)
-
-
-
CFO Signature:______________________________________________________________________
Sheet 17a
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Budget
Realized
Excess or Deficit
Source
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.
STATEMENT OF GENERAL BUDGET REVENUES 2016
2016 Budget as Adopted
80012-01
1,166,199.46
2016 Budget - Added by N.J.S. 40A:4-87
80012-02
-
Appropriated for 2016 (Budget Statement Item 9)
80012-03
1,166,199.46
Appropriated for 2016 by Emergency Appropriation (Budget Statement Item 9)
80012-04
-
Total General Appropriations (Budget Statement Item 9)
80012-05
1,166,199.46
Add: Overexpenditures (see footnote)
80012-06
-
Total Appropriations and Overexpenditures
80012-07
1,166,199.46
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
80012-08
845,938.02
Paid or Charged - Reserve for Uncollected Taxes
80012-09
180,000.00
Reserved
80012-10
113,816.34
Total Expenditures
80012-11
1,139,754.36
Unexpended Balances Canceled (see footnote)
80012-12
26,445.10
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".
2016 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
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2016
Sheet 18
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
Debit
Credit
Excess of anticipated Revenues:
XXXXXXXX
XXXXXXXX
Miscellaneous Revenues anticipated
80013-01
XXXXXXXX
5,085.00
Delinquent Tax Collections
80013-02
XXXXXXXX
169.46
XXXXXXXX
Required Collection of Current Taxes
80013-03
XXXXXXXX
138,422.32
Unexpended Balances of 2016 Budget Appropriations
80013-04
XXXXXXXX
26,445.10
Miscellaneous Revenue Not Anticipated
81113-
XXXXXXXX
35,422.11
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
81114-
XXXXXXXX
Payments in Lieu of Taxes on Real Property
81120-
XXXXXXXX
Sale of Municipal Assets
XXXXXXXX
Unexpended Balances of 2015 Appropriation Reserves
80013-05
XXXXXXXX
91,630.78
Prior Years Interfunds Returned in 2016
80013-06
XXXXXXXX
-
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
XXXXXXXX
XXXXXXXX
Balance January 1, 2016
80013-07
491,850.50
XXXXXXXX
Balance December 31, 2016
80013-08
XXXXXXXX
491,850.50
Deficit in Anticipated Revenues:
XXXXXXXX
XXXXXXXX
Miscellaneous Revenues Anticipated
80013-09
-
XXXXXXXX
Delinquent Tax Collections
80013-10
-
XXXXXXXX
-
XXXXXXXX
Required Collection of Current Taxes
80013-11
-
XXXXXXXX
Interfund Advances Originating in 2016
80013-12
272,703.18
XXXXXXXX
-
XXXXXXXX
-
XXXXXXXX
XXXXXXXX
Deficit Balance - To Trial Balance (Sheet 3)
80013-13
XXXXXXXX
-
Surplus Balance - To Surplus (Sheet 21)
80013-14
24,471.59
XXXXXXXX
789,025.27
789,025.27
Sheet 19
RESULTS OF 2016 OPERATIONS
CURRENT FUND
SOURCE
Amount Realized
Interest on Investments and Deposits
5,800.42
Interest on Delinquent Taxes
10,720.75
Cable TV Franchise Fees
12,166.27
Prior Year Void Checks
774.35
Municipal Court Fines and Fees
2,961.16
Senior Citizens / Veterans Administrative Fee
85.00
Raffle License
20.00
Planning and Zoning Fees
840.00
Prior Year Refunds
111.76
Certificate of Occupancy Inspections
1,275.00
Miscellaneous
102.00
License Fees
515.00
Homestead Rebate mailing reimbursement
50.40
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
35,422.11
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
1. Balance January 1, 2016
80014-01
XXXXXXXX
805,633.55
2.
XXXXXXXX
3. Excess Resulting from 2016 Operations
80014-02
XXXXXXXX
24,471.59
4. Amount Appropriated in the 2016 Budget - Cash
80014-03
391,000.00
XXXXXXXX
5. Amount Appropriated in 2016 Budget - with Prior
Written Consent of Director of Local Govt. Services
80014-04
XXXXXXXX
6.
XXXXXXXX
7. Balance December 31, 2016
80014-05
439,105.14
XXXXXXXX
830,105.14
830,105.14
Cash
80014-06
921,042.19
Investments
80014-07
-
Sub-Total
921,042.19
Deduct Cash Liabilities Marked with "C" on Trial Balance
80014-08
481,937.05
Cash Surplus
80014-09
439,105.14
Deficit in Cash Surplus
80014-10
Other Assets Pledged to Surplus: *
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
80014-16
-
Deferred Charges #
80014-12
-
Cash Deficit #
80014-13
-
Total Other Assets
80014-14
-
80014-15
439,105.14
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2017 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.
Sheet 21
ANALYSIS OF BALANCE DECEMBER 31, 2016
(FROM CURRENT FUND - TRIAL BALANCE)
SURPLUS - CURRENT FUND
YEAR 2016
#REF!
Debit
Credit
1.
Amount of Levy as per Duplicate (Analysis) #
82101-00
2,447,687.32
or
(Abstract of Ratables)
82113-00
2.
Amount of Levy Special District Taxes
82102-00
-
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
82103-00
-
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
82104-00
803.04
5a.
Subtotal 2016 Levy
2,448,490.36
5b.
Reductions due to tax appeals **
5c.
Total 2016 Tax Levy
82106-00
2,448,490.36
6.
Transferred to Tax Title Liens
82107-00
3,220.76
7.
Transferred to Foreclosed Property
82108-00
8.
Remitted, Abated or Canceled
82109-00
-
9.
Discount Allowed
82110-00
-
10.
Collected in Cash: In 2015
82121-00
6,938.45
In 2016 *
82122-00
2,394,271.32
Homestead Benefit Credit
82124-00
State's Share of 2016 Senior Citizens
and Veterans Deductions Allowed
82123-00
4,250.00
Total to Line 14
82111-00
2,405,459.77
11.
Total Credits
2,408,680.53
12.
Amount Outstanding, December 31, 2016
83120-00
39,809.83
13.
Percentage of Cash Collections to Total 2016 Levy,
(Item 10 divided by Item 5c) is
98.24%
82112-00
14.
Total of Line 10
2,405,459.77
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
To Current Taxes Realized in Cash (Sheet 17)
2,405,459.77
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 + $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 2016 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.(N.J.S.A. 40A:4-41)
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2016 LEVY
Sheet 22
Calculation of Current Taxes Realized in Cash:
NOTE: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete Sheet 22a.
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22) . . . . . . . . . . . . . . . . . . .
$
-
LESS : Proceeds from Accelerated Tax Sale . . . . . . . . . . . . . . . . . . . .
NET Cash Collected . . . . . . . . . . . . . . . . . . . . . . . . . .
$
N/A
Line 5c (sheet 22) Total 2016 Tax Levy . . . . . . . . . . . . . . . . . . . . . . .
$
N/A
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is . . . . . . . . . . . . . . . . . . . . .
N/A
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22) . . . . . . . . . . . . . . . . . . .
$
LESS: Proceeds from Tax Levy Sale (excluding premium) . . . . . . . . . .
NET Cash Collected . . . . . . . . . . . . . . . . . . . . . . . . . .
$
-
Line 5c (sheet 22) Total 2016 Tax Levy . . . . . . . . . . . . . . . . . . . . . . .
$
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is . . . . . . . . . . . . . . . . . . . . .
Sheet 22a N/A
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2016
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
#REF!
Debit
Credit
1.
Balance January 1, 2016
XXXXXXXX
XXXXXXXX
Due From State of New Jersey
XXXXXXXX
Due To State of New Jersey
XXXXXXXX
1,124.89
2.
Sr. Citizens Deductions Per Tax Billings
-
XXXXXXXX
3.
Veterans Deductions Per Tax Billings
4,000.00
XXXXXXXX
4.
Sr. Citizens Deductions Allowed By Tax Collector
XXXXXXXX
5.
Veterans Deductions Allowed By Tax Collector
250.00
6.
7.
Sr. Citizens Deductions Disallowed By Tax Collector
XXXXXXXX
-
8.
Sr. Citizens Deductions Disallowed By Tax Collector 2015 Taxes
XXXXXXXX
-
9.
Received in Cash from State
XXXXXXXX
4,250.00
10.
-
11.
12. Balance December 31, 2016
XXXXXXXX
XXXXXXXX
Due From State of New Jersey
XXXXXXXX
-
Due To State of New Jersey
1,124.89
XXXXXXXX
5,374.89
5,374.89
Calculation of Amount to be included on Sheet 22, Item 10-
2016 Senior Citizens and Veterans Deductions Allowed
Line 2
-
Line 3
4,000.00
Line 4
-
Line 5
250.00
Sub-Total
4,250.00
Less: Line 7
-
To Item 10, Sheet 22
4,250.00
Sheet 23
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
#REF!
Balance January 1, 2016
XXXXXXXX
-
Taxes Pending Appeals
-
XXXXXXXX
XXXXXXXX
Interest Earned on Taxes Pending Appeals
-
XXXXXXXX
XXXXXXXX
Contested Amount of 2016 Taxes Collected which
are Pending State Appeal (Item 14, Sheet 22)
XXXXXXXX
-
Interest Earned on Taxes Pending State Appeals
XXXXXXXX
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
-
XXXXXXXX
Closed to Results of Operations
(Portion of Appeal won by Municipality, including Interest)
XXXXXXXX
Balance December 31, 2016
-
XXXXXXXX
Taxes Pending Appeals*
-
XXXXXXXX
XXXXXXXX
Interest Earned on Taxes Pending Appeals
-
XXXXXXXX
XXXXXXXX
-
-
* Includes State Tax Court and County Board of Taxation
Appeals Not Adjusted by December 31, 2016.
_____________
____________
License #
Date
Sheet 24 N/A
(N.J.S.A. 54:3-27)
Signature of Tax Collector
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
Debit
Credit
Note:
This sheet should be completed only if you are conducting an accelerated tax sale for the first
time in the current year.
A.
Reserve for Uncollected Taxes (sheet 25, Item 12)
$
B.
Reserve for Uncollected Taxes Exclusion:
Outstanding Balance of Delinquent Taxes
(sheet 26, Item 14A) x % of
collection (Item 16)
$
C.
TIMES : % of increase of Amount to be
Raised by Taxes over Prior Year
%
[(2016 Estimated Total Levy - 2016 Total Levy)/2016 Total Levy]
D.
Reserve for Uncollected Taxes Exclusion Amount
$
[(B x C) + B]
E.
Net Reserve for Uncollected Taxes
Appropriation in Current Budget
$
(A - D)
2017 Reserve for Uncollected Taxes Appropriation Calculation (Actual)
1.
Subtotal General Appropriations (item 8(L) budget sheet 29)
$
2.
Taxes not Included in the Budget (AFS 25, items 2 thru 7)
$
Total
$
3.
Less: Anticipated Revenues (item 5, budget sheet 11)
$
4.
Cash Required
$
5.
Total Required at ___________ % (items 4+6)
$
6.
Reserve for Uncollected Taxes (item E above)
$
Sheet 25a N/A
ACCELERATED TAX SALE - CHAPTER 99
Calculation To Utilize Proceeds In Current Budget As Deduction
To Reserve For Uncollected Taxes Appropriation
#REF!
1.
Balance January 1, 2016
48,981.00
XXXXXXXX
A. Taxes
83102-00
43,107.26
XXXXXXXX
XXXXXXXX
B. Tax Title Liens
83103-00
5,873.74
XXXXXXXX
XXXXXXXX
2.
Canceled:
XXXXXXXX
XXXXXXXX
A. Taxes
83105-00
XXXXXXXX
-
B. Tax Title Liens
83106-00
XXXXXXXX
0.03
3.
Transferred to Foreclosed Tax Title Liens:
XXXXXXXX
XXXXXXXX
A. Taxes
83108-00
XXXXXXXX
-
B. Tax Title Liens
83109-00
XXXXXXXX
4.
Added Taxes
83110-00
2,062.20
XXXXXXXX
5.
Added Tax Title Liens
83111-00
XXXXXXXX
6.
Adjustment between Taxes (Other than current year)
and Tax Title Liens:
XXXXXXXX
XXXXXXXX
A. Taxes - Transfers to Tax Title Liens
83104-00
XXXXXXXX
-
B. Tax Title Liens - Transfers from Taxes
83107-00
-
XXXXXXXX
7.
Balance Before Cash Payments
XXXXXXXX
51,043.17
8.
Totals
51,043.20
51,043.20
9.
Balance Brought Down
51,043.17
XXXXXXXX
10 Collected:
XXXXXXXX
45,169.46
A. Taxes
83116-00
45,169.46
XXXXXXXX
XXXXXXXX
B. Tax Title Liens
83117-00
-
XXXXXXXX
XXXXXXXX
11. Interest and Costs - 2016 Tax Sale
83118-00
-
XXXXXXXX
12. 2016 Taxes Transferred to Liens
83119-00
3,220.76
XXXXXXXX
13. 2016 Taxes
83123-00
39,809.83
XXXXXXXX
14. Balance December 31, 2016
XXXXXXXX
48,904.30
A. Taxes
83121-00
39,809.83
XXXXXXXX
XXXXXXXX
B. Tax Title Liens
83122-00
9,094.47
XXXXXXXX
XXXXXXXX
15. Totals
94,073.76
94,073.76
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
88.49%
17. Item No. 14 multiplied by percentage shown above is
43,275.42
and represents the maximum amount that may be anticipated in 2017.
83125-00
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Sheet 26
Debit
Credit
#REF!
1.
Balance January 1, 2016
84101-00
181,700.00
XXXXXXXX
2.
Foreclosed or Deeded in 2016
XXXXXXXX
XXXXXXXX
3.
Tax Title Liens
84103-00
-
XXXXXXXX
4.
Taxes Receivable
84104-00
-
XXXXXXXX
5A.
84102-00
XXXXXXXX
5B.
84105-00
XXXXXXXX
6.
Adjustment to Assessed Valuation
84106-00
XXXXXXXX
7.
Adjustment to Assessed Valuation
84107-00
XXXXXXXX
-
8.
Sales
XXXXXXXX
XXXXXXXX
9.
Cash*
84109-00
XXXXXXXX
10. Contract
84110-00
XXXXXXXX
11. Mortgage
84111-00
XXXXXXXX
12. Loss on Sales
84112-00
XXXXXXXX
13. Gain on Sales
84113-00
XXXXXXXX
14. Balance December 31, 2016
84114-00
XXXXXXXX
181,700.00
181,700.00
181,700.00
Debit
Credit
15. Balance January 1, 2016
84115-00
XXXXXXXX
16. 2016 Sales from Foreclosed Property
84116-00
XXXXXXXX
17. Collected*
84117-00
XXXXXXXX
18.
84118-00
XXXXXXXX
19. Balance December 31, 2016
84119-00
XXXXXXXX
-
-
Debit
Credit
20. Balance January 1, 2016
84120-00
XXXXXXXX
21. 2016 Sales from Foreclosed Property
84121-00
XXXXXXXX
22. Collected*
84122-00
XXXXXXXX
23.
84123-00
XXXXXXXX
24. Balance December 31, 2016
84124-00
XXXXXXXX
-
-
Analysis of Sale of Property:
*Total Cash Collected in 2016
(84125-00)
Realized in 2016 Budget
To Results of Operation (Sheet 19)
SCHEDULE OF FORECLOSED PROPERTY
Debit
Credit
Sheet 27
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
Amount
Caused By
Dec. 31, 2015
Amount
Amount
Balance
per Audit
2016
Resulting
as at
Report
Budget
from 2016
Dec. 31, 2016
1.
Emergency Authorization -
Municipal*
-
-
2.
Emergency Authorizations -
Schools
3.
4.
5.
6.
7.
8.
9.
10.
*Do not include items funded or refunded as listed below.
Date
Amount
1.
2.
3.
4.
5.
Appropriated for
in Budget of
In favor of
On Account of
Date Entered
Amount
Year 2016
1.
2.
3.
4.
Purpose
DEFERRED CHARGES
-MANDATORY CHARGES ONLY-
Sheet 28 N/A
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55,
N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30.)
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
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
N.J.S. 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.
Not Less Than
Amount
1/5 of Amount
Balance
By 2016
Canceled
Balance
Date
Purpose
Authorized
Authorized*
Dec. 31, 2015
Budget
by Resolution
Dec. 31, 2016
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
80025-00
80026-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-53 et seq. and
are recorded on this page.
Chief Financial Officer
*Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2016" must be entered here and then raised in the 2017 budget.
Sheet 29 N/A
REDUCED IN 2016
N.J.S. 40A:55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD
N.J.S. 40A:55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Not Less Than
Amount
1/3 of Amount
Balance
By 2016
Canceled
Balance
Date
Purpose
Authorized
Authorized*
Dec. 31, 2015
Budget
by Resolution
Dec. 31, 2016
-
Totals
-
-
-
-
-
-
80027-00
80028-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-55.1 et seq. and
N.J.S. 40A:4-55.13 et seq. and are recorded on this page.
Chief Financial Officer
*Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2016" must be entered here and then raised in the 2017 budget.
Sheet 30 N/A
REDUCED IN 2016
#REF!
Outstanding January 1, 2016
80033-01
XXXXXXXX
135,000.00
Issued
80033-02
XXXXXXXX
-
Paid
80033-03
10,000.00
XXXXXXXX
Outstanding, December 31, 2016
80033-04
125,000.00
XXXXXXXX
135,000.00
135,000.00
2017 Bond Maturities - General Capital Bonds
80033-05
10,000.00
2017 Interest on Bonds *
80033-06
3,750.00
Outstanding January 1, 2016
80033-07
XXXXXXXX
-
Issued
80033-08
XXXXXXXX
-
Paid
80033-09
-
XXXXXXXX
Outstanding, December 31, 2016
80033-10
-
XXXXXXXX
-
-
2017 Bond Maturities - Assessment Bonds
80033-11
2017 Interest on Bonds *
80033-12
Total "Interest on Bonds - Debt Service" (*Items)
80033-13
3,750.00
2017
Amount
Date of
Interest
Purpose
Maturity
Issued
Issue
Rate
NONE
Total
-
-
80033-14
80033-15
ASSESSMENT SERIAL BONDS
LIST OF BONDS ISSUED DURING 2016
Sheet 31
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2017 DEBT SERVICE FOR BONDS
Credit
2017 Debt Service
(COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS
Debit
0
Outstanding January 1, 2016
80033-01
XXXXXXXX
Issued
80033-02
XXXXXXXX
-
Paid
80033-03
XXXXXXXX
Outstanding, December 31, 2016
80033-04
-
XXXXXXXX
-
-
2017 Loan Maturities
80033-05
2017 Interest on Loans
80033-06
Total 2017 Debt Service for _____________________ Loan
80033-13
-
Outstanding January 1, 2016
80033-07
XXXXXXXX
Issued
80033-08
XXXXXXXX
Paid
80033-09
XXXXXXXX
Outstanding, December 31, 2016
80033-10
-
XXXXXXXX
-
-
2017 Loan Maturities
80033-11
2017 Interest on Loans
80033-12
-
Total 2017 Debt Service for ___________________ Loan
80033-13
-
2017
Amount
Date of
Interest
Purpose
Maturity
Issued
Issue
Rate
Total
-
-
80033-14
80033-15
LOAN
LIST OF LOANS ISSUED DURING 2016
Sheet 31a N/A
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2017 DEBT SERVICE FOR LOANS
(COUNTY) (MUNICIPAL) GREEN TRUST LOAN
Debit
Credit
2017 Debt
Service
NOT APPLICABLE
#REF!
Outstanding January 1, 2016
80034-01
XXXXXXXX
Paid
80034-02
XXXXXXXX
Outstanding, December 31, 2016
80034-03
-
XXXXXXXX
-
-
2017 Bond Maturities - Term Bonds
80034-04
2017 Interest on Bonds *
80034-05
Outstanding January 1, 2016
80034-06
XXXXXXXX
Issued
80034-07
XXXXXXXX
Paid
80034-08
XXXXXXXX
Outstanding, December 31, 2016
80034-09
-
XXXXXXXX
-
-
2017 Interest on Bonds *
80034-10
2017 Bond Maturities - Serial Bonds
80034-11
Total "Interest on Bonds - Type I School Debt Service" (*Items)
80034-12
2017
Amount
Date of
Interest
Purpose
Maturity
Issued
Issue
Rate
-01
-02
Total 80035-
-
-
Outstanding
Dec. 31, 2016
2017
Interest
Requirement
1. Emergency Notes
80036-
-
-
2. Special Emergency Notes
80037-
-
-
3. Tax Anticipation Notes
80038-
-
-
4. Interest on Unpaid State and County Taxes
80039-
-
-
5. _____________________________
6. _____________________________
TYPE I SCHOOL SERIAL BOND
LIST OF BONDS ISSUED DURING 2016
Sheet 32
2017 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2017 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit
Credit
2017 Debt Service
T.J. O'Neill O'Neill and Lang 08/08/00
Amount
Title or Purpose of Issue
Original
Original
of Note
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Computed to
Issued
Issue*
Dec. 31, 2016
Maturity
Interest
**
(Insert Date)
-
NONE
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
80051-01
80051-02
Memo: Type 1 School Notes should be separately listed and totaled.
*"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of 2014 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 or
written intent of permanent financing submitted with statement.
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
(Do not crowd - add additional sheets)
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2017 Budget Requirement
Sheet 33
NOT APPLICABLE
Amount
Title or Purpose of Issue
Original
Original
of Note
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Computed to
Issued
Issue*
Dec. 31, 2016
Maturity
Interest
**
(Insert Date)
NONE
Totals
-
-
-
-
MEMO: * See Sheet 33 for clarification of "Original Date of Issue"
80051-01
80051-02
Assessment Notes with an original date of issue of December 31, 2014 or prior must be appropriated in full in the 2017 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".
(Do not crowd - add additional sheets)
NOT APPLICABLE
Sheet 34
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
2017 Budget Requirement
T.J. O'Neill O'Neill and Lang 08/08/00
Purpose
NOT APPLICABLE
Sheet 34a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Amount of
Lease Obligation Outstanding
Dec. 31, 2016
2017 Budget Requirement
For Principal
For Interest/Fees
1.
NONE
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
NOT APPLICABLE
Sheet 34a
Total
-
-
-
80051-01
80051-02
NOT APPLICABLE
Sheet 34a
(Do not crowd - add additional sheets)
Expended
Authorizations
Funded
Unfunded
Canceled
Funded
Unfunded
-
-
-
228
Reconstruct Manholes
11,842.68
-
11,842.68
-
231
Reconstruction of Pine Dr. Storm Sewers
8,409.82
62,250.00
-
8,409.82
62,250.00
234
Fuel Tank Soil Removal
7,943.27
-
7,943.27
-
-
-
-
-
260
Improvements to Nurko Road
5,241.51
45,000.00
-
50,241.51
-
-
264
Improvements to South Valley Road
-
31,138.46
-
872.10
-
-
30,266.36
15-06
Improvements to Windsor Road
29,251.66
10,000.00
30,223.00
-
-
9,028.66
-
-
-
-
62,688.94
148,388.46
-
-
31,095.10
50,241.51
28,195.77
101,545.02
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
Balance - January 1, 2016
2016 Authorizations
Balance - December 31, 2016
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Sheet 35
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
#REF!
Balance January 1, 2016
80031-01
XXXXXXXX
36,603.15
Received from 2016 Budget Appropriation *
80031-02
XXXXXXXX
30,000.00
XXXXXXXX
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
80031-03
XXXXXXXX
-
List by Improvements - Direct Charges Made for Preliminary Costs:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Appropriated to Finance Improvement Authorizations
80031-04
-
XXXXXXXX
XXXXXXXX
Balance December 31, 2016
80031-05
66,603.15
XXXXXXXX
66,603.15
66,603.15
* The full amount of the 2016 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Sheet 36
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
#REF!
Balance January 1, 2016
80030-01
XXXXXXXX
-
Received from 2016 Budget Appropriation*
80030-02
XXXXXXXX
Received from 2016 Emergency Appropriation*
80030-03
XXXXXXXX
Appropriated to Finance Improvement Authorizations
80030-04
XXXXXXXX
XXXXXXXX
Balance December 31, 2016
80030-05
-
XXXXXXXX
-
-
* The full amount of the 2016 appropriation should be transferred to this account unless the balance
of the appropriation is permitted to lapse.
Purpose
Amount
Appropriated
Total
Obligations
Authorized
Down Payment
Provided by
Ordinance
Amount of Down
Payment in
Budget of 2016
or Prior Years
NONE
-
Total 80032-00
-
-
-
-
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in
column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
Sheet 37
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
CAPITAL IMPROVEMENTS AUTHORIZED IN 2016
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
GENERAL CAPITAL FUND ONLY
#REF!
Balance January 1, 2016
80029-01
XXXXXXXX
1,855.97
Premium on Sale of Bonds
XXXXXXXX
-
Funded Improvement Authorizations Canceled
XXXXXXXX
-
Premium on Sale of Bond Anticipation Notes
-
Appropriated to Finance Improvement Authorizations
80029-02
XXXXXXXX
Appropriated to 2016 Budget Revenue
80029-03
-
XXXXXXXX
Balance December 31, 2016
80029-04
1,855.97
XXXXXXXX
1,855.97
1,855.97
1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,
P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or
Chapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants;
Outstanding December 31, 2016
2. Amount of Cash in Special Trust Fund as of December 31, 2016 (Note A)
3. Amount of Bonds Issued Under Item 1
Maturing in 2017
4. Amount of Interest on Bonds with a
Covenant - 2017 Requirement
5. Total of 3 and 4 - Gross Appropriation
6. Less Amount of Special Trust Fund to be Used
7. Net Appropriation Required
NOTE A - This amount to be supported by confirmation from bank or banks.
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto.
Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the
amount of Item 7 extended into the 2017 appropriation column.
Sheet 38
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
BONDS ISSUED WITH A COVENANT OR COVENANTS
YEAR - 2016
A.
1.
Total Tax Levy for the Year 2016 was
2,448,490.36
2.
Amount of Item 1 Collected in 2016 (*)
2,405,459.77
3.
Seventy (70) percent of Item 1
1,713,943.25
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2016?
Answer YES or NO
Yes
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2016?
Answer YES or NO
Yes
If answer is "NO" give details
C.
Does the appropriation required to be included in the 2017 budget for the liquidation of
all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in
the budget for the year just ended? Answer YES or NO:
NO
D.
1.
Cash Deficit 2015
None
2.
4% of 2015 Tax Levy for all purposes:
Levy--
=
3.
Cash Deficit 2016
None
4.
4% of 2016 Tax Levy for all purposes:
Levy--
=
E.
Unpaid
2015
2016
Total
1.
State Taxes
NONE
2.
County Taxes
81.76
81.76
3.
Amounts due Special Districts
NONE
4.
Amounts due School Districts for Local
School Tax
NONE
Sheet 39
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)
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
Note:
NOTE: THE BOROUGH DOES NOT OPERATE A WATER UTILITY, THEREFORE
SHEETS 41 THROUGH 54 ARE NOT NECESSARY AND HAVE BEEN REMOVED.
If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year 2016 please observe
instructions of Sheet 2.
Sheet 40
SHEETS 40 to 68, INCLUSIVE, PERTAIN TO
UTILITIES ONLY
Title of Account
Debit
Credit
WATER-SEWER UTILITY OPERATING FUND
Cash
19,525.20
Due from Water-Sewer Capital Fund
411,198.30
Consumer Accounts Receivable
83,312.52
Water-Sewer Liens Receivable
-
Deferred Charges:
Operating Deficit
-
Emergency Authorization
-
Appropriation Reserves
66,912.07
Reserve for Encumbrances
42,265.89
Prepaid Rents
2,577.44
Due to Other Trust
-
Due to Current Fund
284,529.79
Accrued Interest on Notes
-
Accrued Interest on Bonds
6,316.67
Accrued Interest on Loans
6,146.53
408,748.39
"C"
Reserve for Receivables
83,312.52
Fund Balance
21,975.11
514,036.02
514,036.02
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - WATER-SEWER UTILITY FUND
AS AT DECEMBER 31, 2016
Section in the same manner as set forth in General Capital Fund on Sheet 8
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
(Do not crowd - add additional sheets)
Sheet 55
Title of Account
Debit
Credit
WATER-SEWER UTILITY CAPITAL FUND
Estimated Proceeds - Bonds & Notes Authorized not Issued
1,196,562.00
Bonds and Notes Authorized but not Issued
1,196,562.00
Cash
2,177.94
Fixed Capital
5,234,793.06
Fixed Capital Authorized and Uncompleted
2,203,740.25
NJEIT Loans Receivable
258,075.00
Serial Bonds Payable
1,940,000.00
USDA Loans Payable
84,361.51
NJEIT Loans Payable
1,151,805.43
Bond Anticipation Notes
-
-
Due to Current Fund
161,746.25
Due to General Capital Fund
9,345.00
Due to Water-Sewer Operating Fund
411,198.30
Improvement Authorizations - Funded
3,640.25
Improvement Authorizations - Unfunded
862,412.18
Capital Improvement Fund
7,550.00
Reserve for Amortization
3,046,854.37
Deferred Reserve for Amortization
18,950.00
Reserve for Encumbrances
-
-
Fund Balance
922.96
8,895,348.25
8,895,348.25
(Do not crowd - add additional sheets)
Sheet 55a
Section in the same manner as set forth in General Capital Fund on Sheet 8
TRIAL BALANCE - WATER-SEWER UTILITY FUND
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
(Separately Stated)
POST CLOSING
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
AS AT DECEMBER 31, 2016
Operating and Capital Sections
NOT APPLICABLE
Title of Account
Debit
Credit
(Do not crowd - add additional sheets)
Sheet 56
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2016
Terry O'Neill
Audit
Title of Liability to which Cash
Balance
Assessments
Operating
Disbursements
Balance
and Investments are Pledged
Dec. 31, 2015
and Liens
Budget
Dec. 31, 2016
Assessment Serial Bond Issues:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Assessment Bond Anticipation Note Issues:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
-
Other Liabilities
Trust Surplus
Less Assets "Unfinanced" *
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
*Show as red figure
NOT APPLICABLE
Sheet 57
ANALYSIS OF __________ UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
01
61,059.09
61,059.09
-
Operating Surplus Anticipated with Consent
of Director of Local Government Services
02
Rents
746,261.82
743,887.34
(2,374.48)
-
Cell Tower Fees
65,000.00
75,874.11
10,874.11
Interest on Delinquent Rents
10,000.09
10,215.77
215.68
-
-
Added by N.J.S. 40A:4-87 (List)
XXXXXXXX
XXXXXXXX
XXXXXXXX
Subtotal
882,321.00
891,036.31
8,715.31
Deficit (General Budget)**
06
26,445.00
-
(26,445.00)
07
908,766.00
891,036.31
(17,729.69)
Appropriations:
XXXXXXXX
Adopted Budget
908,766.00
Added by N.J.S. 40A:4-87
-
Emergency
-
Total Appropriations
908,766.00
Add: Overexpenditures (See Footnote)
-
Total Appropriations and Overexpenditures
908,766.00
Deduct Expenditures:
Paid or Charged
841,526.36
Reserved
66,912.07
Surplus (General Budget)**
-
Total Expenditures
908,438.43
Unexpended Balance Canceled (See Footnote)
327.57
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 BALANCE 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"
SCHEDULE OF WATER-SEWER UTILITY BUDGET - 2016
Sheet 58
Budget
Source
**Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree
with amounts shown for such items on Sheet 59.
STATEMENT OF BUDGET APPROPRIATIONS
BUDGET REVENUES
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2016 WATER-SEWER 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:
XXXXXXXX
Budget Revenue (Not Including "Deficit (General Budget)")
891,036.31
Miscellaneous Revenue Not Anticipated
146.14
2015 Appropriation Reserves Canceled *
(Excess Revenue Realized)
39,231.09
-
Total Revenue Realized
930,413.54
Expenditures:
XXXXXXXX
Appropriations (Not Including "Surplus (General Budget)")
XXXXXXXX
Paid or Charged
841,526.36
Reserved
66,912.07
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
-
Overexpenditure of Appropriation Reserves
Total Expenditures
908,438.43
Less: Deferred Charges Included In
Above "Total Expenditures"
-
Total Expenditures - As Adjusted
908,438.43
Excess
21,975.11
Budget Appropriation - Surplus (General Budget) **
-
Balance of "Results of 2016 Operation"
("Excess in Operations" - Sheet 60)
21,975.11
Deficit
-
Anticipated Revenue - Deficit (General Budget) **
26,445.00
Balance of "Results of 2016 Operation"
("Operating Deficit - to Trial Balance" - Sheet 60)
-
SECTION 2:
The following Item of "2015 Appropriation Reserves Canceled in 2016" Is Due to the Current Fund TO THE
EXTENT OF the amount Received and Due from the General Budget of 2015 for an Anticipated Deficit in the
WATER-SEWER Utility for 2015:
2015 Appropriation Reserves Canceled in 2016
39,231.09
Less: Anticipated Deficit in 2015 Budget - Amount Received
and Due from Current Fund - If none, enter "None"
-
* Excess (Revenue Realized)
39,231.09
** Items must be shown in same amount on Sheet 58.
Sheet 59
STATEMENT OF 2016 OPERATION
Remainder =
Remainder =
WATER-SEWER UTILITY
Excess in Anticipated Revenues
XXXXXXXX
-
Unexpended Balances of Appropriations
XXXXXXXX
327.57
Miscellaneous Revenue Not Anticipated
XXXXXXXX
146.14
Unexpended Balances of 2015 Appropriation Reserves*
XXXXXXXX
39,231.09
-
Deficit in Anticipated Revenue
17,729.69
XXXXXXXX
Refund of Prior Year Revenue
XXXXXXXX
Operating Deficit - to Trial Balance
XXXXXXXX
-
Excess in Operations - to Operating Surplus
21,975.11
XXXXXXXX
* See restriction in amount on Sheet 59, SECTION 2
39,704.80
39,704.80
Debit
Credit
Balance January 1, 2016
XXXXXXXX
61,059.09
Excess in Results of 2016 Operations
XXXXXXXX
21,975.11
Amount Appropriated in 2016 Budget - Cash
61,059.09
XXXXXXXX
Amount Appropriated in 2016 Budget with Prior Written Consent
of Director of Local Government Services
XXXXXXXX
Balance December 31, 2016
21,975.11
XXXXXXXX
83,034.20
83,034.20
Cash
19,525.20
Investments
-
Interfund Accounts Receivable
411,198.30
Subtotal
430,723.50
Deduct Cash Liabilities Marked with "C" on Trial Balance
408,748.39
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
21,975.11
*Other Assets Pledged to Operating Surplus
Deferred Charges #
-
Operating Deficit #
-
Total Other Assets
-
#MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2016 BUDGET
21,975.11
*In the case of a "Deficit in Operating Surplus Cash", "Other Assets" would also be
pledged to cash liabilities.
Sheet 60
ANALYSIS OF BALANCE DECEMBER 31, 2016
(FROM WATER-SEWER UTILITY - TRIAL BALANCE)
RESULTS OF 2016 OPERATIONS WATER-SEWER UTILITY
Debit
Credit
OPERATING SURPLUS - WATER-SEWER UTILITY
Balance December 31, 2015
$
89,280.65
Increased by:
Water-Sewer Rents Levied
$
737,919.21
827,199.86
Decreased by:
Collections
$
739,425.89
Prepaid applied
$
4,461.45
Transfer to Water-Sewer Liens
$
Other
$
-
$
743,887.34
Balance December 31, 2016
$
83,312.52
Balance December 31, 2015
$
-
Increased by:
Transfers from Accounts Receivable
$
-
Penalties and Costs
$
Other
$
$
-
Decreased by:
-
Collections
$
-
Other
$
$
-
Balance December 31, 2016
$
-
Sheet 61
SCHEDULE OF WATER-SEWER LIENS
SCHEDULE OF WATER-SEWER UTILITY ACCOUNTS RECEIVABLE
Amount
Dec. 31, 2015
Amount in
Amount
Balance
Caused By
per Audit
2016
Resulting
as at
Report
Budget
from 2016
Dec. 31, 2016
1.
Emergency Authorization - *
$
-
$
-
$
$
-
2.
$
$
$
-
$
-
3.
$
$
$
$
4.
$
$
$
$
5.
$
$
$
$
6.
$
$
$
$
7.
$
$
$
$
8.
$
$
$
$
9.
$
$
$
$
10.
$
$
$
$
*Do not include items funded or refunded as listed below.
Date
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
In favor of
On Account of
Date Entered
Amount
1.
$
2.
$
3.
$
4.
$
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
WATER UTILITY FUND
Sheet 62
Year 2017
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Appropriated for
in Budget of
Purpose
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
Outstanding January 1, 2016
XXXXXXXX
-
Issued
XXXXXXXX
-
Paid
XXXXXXXX
Outstanding December 31, 2016
-
XXXXXXXX
-
-
2017 Bond Maturities - Assessment Bonds
2017 Interest on Bonds *
Outstanding January 1, 2016
XXXXXXXX
2,045,000.00
Issued
XXXXXXXX
-
Paid
105,000.00
XXXXXXXX
Outstanding December 31, 2016
1,940,000.00
XXXXXXXX
2,045,000.00
2,045,000.00
2017 Bond Maturities - Capital Bonds
110,000.00
2017 Interest on Bonds *
75,800.00
2017 Interest on Bonds (*Items)
75,800.00
Less: Interest Accrued to 12/31/2016 (Trial Balance)
6,316.67
Subtotal
69,483.33
Add: Interest to be Accrued as of 12/31/2017
5,916.67
Required Appropriations 2017
75,400.00
2017
Amount
Date of
Interest
Purpose
Maturity
Issued
Issue
Rate
NONE
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2017 DEBT SERVICE FOR BONDS
_________________ UTILITY ASSESSMENT BONDS
Debit
Credit
2017 Debt
Service
_WATER-SEWER_____________ UTILITY CAPITAL BONDS
Sheet 63
INTEREST ON BONDS - _____WATER-SEWER____ UTILITY BUDGET
LIST OF BONDS ISSUED DURING 2016
Outstanding January 1, 2016
XXXXXXXX
97,074.14
Issued
XXXXXXXX
Paid
12,712.63
XXXXXXXX
Outstanding December 31, 2016
84,361.51
XXXXXXXX
97,074.14
97,074.14
2017 Loan Maturities Principal and Interest for FHA Loan
18,000.00
2017 Interest on Loans*
Outstanding January 1, 2016
XXXXXXXX
398,305.14
Issued
XXXXXXXX
799,588.00
Paid
46,087.71
XXXXXXXX
Outstanding December 31, 2016
1,151,805.43
XXXXXXXX
1,197,893.14
1,197,893.14
2017 Loan Maturities
61,334.96
2017 Interest on Loans*
11,312.50
2017 Interest on Loans (*Items)
11,312.50
Less: Interest Accrued to 12/31/2016 (Trial Balance)
6,146.53
Subtotal
5,165.97
Add: Interest to be Accrued as of 12/31/2017
5,938.20
Required Appropriations 2017
11,104.17
2017
Amount
Date of
Interest
Purpose
Maturity
Issued
Issue
Rate
NJEIT 2016 A-1
5,000.00
195,000.00
5/26/2016
2-5%
NJEIT 2016 A-1
30,741.75
604,588.00
5/26/2016
0.00%
35,741.75
799,588.00
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2017 DEBT SERVICE FOR LOANS
WATER-SEWER________ UTILITY LOAN
Debit
Credit
2017 Debt
Service
Sheet 63a
WATER-SEWER- NJEIT___ UTILITY LOAN
INTEREST ON LOANS - ___WATER-SEWER_____ UTILITY BUDGET
LIST OF LOANS ISSUED DURING 2016
Amount
Title or Purpose of Issue
Original
Original
of Note
Date
Rate
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Issued
Issue*
Dec. 31, 2016
Maturity
Interest
**
NONE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
*See Sheet 33 for clarification of "Original Date of Issue".
2017 Interest on Notes
-
All notes with an original date of issue of 2014 or prior require one legal payable installment to be budgeted if
Less: Interest Accrued to 12/31/2016(Trial Balance)
it is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted.
Subtotal
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
Add: Interest to be Accrued as of 12/31/2017
column.
Required Appropriation - 2017
-
(Do not crowd - add additional sheets)
Sheet 64 N/A
2017 Budget Requirement
DEBT SERVICE SCHEDULE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
INTEREST ON NOTES - WATER/SEWER UTILITY BUDGET
Amount
Title or Purpose of Issue
Original
Original
of Note
Date
Rate
Interest
Amount
Date of
Outstanding
of
of
For Principal
For Interest
Computed to
Issued
Issue*
Dec. 31, 2016
Maturity
Interest
**
(Insert Date)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
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, 2014 or prior must be appropriated in full in the 2017 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
**Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".
NOT APPLICABLE
Sheet 65
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
2017 Budget Requirement
T.J. O'Neill O'Neill and Lang 08/08/00
Purpose
NOT APPLICABLE
Sheet 65a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Amount of
Lease Obligation Outstanding
Dec. 31, 2016
2017 Budget Requirement
For Principal
For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
NOT APPLICABLE
Sheet 65a
Total
-
-
-
NOT APPLICABLE
Sheet 65a
(Do not crowd - add additional sheets)
Expended
Authorizations
Funded
Unfunded
Canceled
Funded
Unfunded
-
-
-
-
221
Maple Court/N. Rochdale Imp.
3,640.25
-
3,640.25
-
247/256 Acq. & Install Bar Screen & Inlet
Weir Replacement
-
4,645.71
-
-
4,645.71
-
-
-
-
257/261 Various Water Sewer Improvements
-
743,823.38
24,589.00
-
719,234.38
-
-
265
Improvements to Lake Drive Pump Stat
-
4,313.00
-
-
-
4,313.00
-
-
2016-03 Rehabilitation of Elevated Water Tower
-
-
210,000.00
176,715.75
-
33,284.25
-
-
2016-18 Various Water Sewer Improvements
-
-
128,100.00
27,165.16
-
100,934.84
-
-
-
-
Total
70000-
3,640.25
752,782.09
338,100.00
-
228,469.91
-
3,640.25
862,412.18
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
Specify each authorization by purpose. Do
not merely designate by a code number.
Sheet 66
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
Balance - January 1, 2016
2016 Authorizations
Balance - December 31, 2016
IMPROVEMENTS
Balance January 1, 2016
XXXXXXXX
9,150.00
Received from 2016 Budget Appropriation*
XXXXXXXX
14,500.00
XXXXXXXX
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
XXXXXXXX
List by Improvements - Direct Charges Made for Preliminary Costs:
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXXX
Appropriated to Finance Improvement Authorizations
16,100.00
XXXXXXXX
XXXXXXXX
Balance December 31, 2016
7,550.00
XXXXXXXX
23,650.00
23,650.00
Budget Appropriations
Balance January 1, 2016
XXXXXXXX
-
Received from 2016 Budget Appropriation*
XXXXXXXX
Received from 2016 Emergency Appropriation*
XXXXXXXX
Appropriated to Finance Improvement Authorizations
XXXXXXXX
Balance December 31, 2016
-
XXXXXXXX
-
-
*The full amount of the 2016 appropriation should be transferred to this account unless the balance of the
appropriation is permitted to lapse.
WATER-SEWER UTILITY CAPITAL FUND
Sheet 67
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
WATER-SEWER UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Amount of Down
Total
Down Payment
Payment in Budget
Purpose
Amount
Obligations
Provided by
of 2016 or
Appropriated
Authorized
Ordinance
Prior Years
2016-03 Rehabilitation of Eleveated
Water Tower
210,000.00
200,000.00
10,000.00
10,000.00
2016-18 Various Water-Sewer
Improvements
128,100.00
122,000.00
6,100.00
6,100.00
338,100.00
322,000.00
16,100.00
16,100.00
Balance January 1, 2016
XXXXXXXX
922.96
Premium on Sale of Bonds
XXXXXXXX
-
Funded Improvement Authorizations Canceled
XXXXXXXX
-
Premium on Sale of Bond Anticipation Notes
-
Appropriated to Finance Improvement Authorizations
XXXXXXXX
Appropriated to 2016 Budget Revenue
-
XXXXXXXX
Balance December 31, 2016
922.96
XXXXXXXX
922.96
922.96
UTILITIES ONLY
UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2016
AND
DOWN PAYMENTS (N.J.S. 40A:2-11)
Sheet 68
WATER-SEWER UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Debit
Credit
YEAR 2016
Protected Document Content
Start your free trial to view the raw municipal bid documents and web text.
Unlock Full AccessDetailed Risk Breakdown
local preference
No Flags Found
performance bond
No Flags Found
liquidated damages
Evidence Detected
"...FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26,2017
MUNICIPALITIES - FEBRUARY 10,2017..."
Quick Actions
Contacts
GEORGE J. LANG
Chief Financial Officer
hidden@email.com
Unlock(***) ***-****
Unlock(***) ***-****
UnlockExplore More
Timeline
First Discovered
Apr 2, 2026
Last Info Update
Apr 2, 2026
Start your 7-day free trial
Get instant notifications and full bid analysis. Existing users will be logged in automatically.
Start Free Trial