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, Monmouth County, New Jersey, for the year 2020. It includes various financial schedules, trial balances, and certifications related to the municipality's funds, including the Current Fund, Trust Funds, General Capital Fund, and Water-Sewer Utility Fund. The statement is required to be filed under New Jersey statutes. The document was filed by Chief Financial Officer, George J Lang, signed on 5/26/2021.
Web Content
Automated discovery link found on Roosevelt website.
Document Text
--- Document: 2020 - Annual Financial Statement Document ---
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2020
MUNICODE
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES
ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO
CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT
SERVICES.
of
, County of
Date
1
2
I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a are
complete, were computed by me and can be supported upon demand by a register or
other detailed analysis.
Signature
Title
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement,
(which I have prepared) or
(which I have not prepared)
[eliminate one]
and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.
Further, I do hereby certify that I,
,am the Chief Financial
Officer, License #
, of the
of
, County of
and that the
statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at
December 31, 2020, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurance as
to the veracity of required information included herein, needed prior to certification by the Director of Local Government
Services, including the verification of cash balances as of December 31, 2020.
Signature
Title
Address
Phone Number
Fax Number
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED
BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL
STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS
AND ASSERTIONS MADE HEREIN.
Chief Financial Officer
PO BOX 128, ROOSEVELT, NJ 08555
Sheet 1
609 448-0539
609 448-8716
cfo@rooseveltnj.us
Examined By:
Preliminary Check
ROOSEVELT
MONMOUTH
BOROUGH
Examined
cfo@rooseveltnj.us
Chief Financial Officer
George J Lang
N-0227
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.
DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020
(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2021
882
1341
87,023,022
MUNICIPALITIES - FEBRUARY 10, 2021
MONMOUTH
ROOSEVELT
BOROUGH
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Account (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statement and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the
of
as of December 31,
2020
and have applied certain agreed-upon procedures thereon as
promulgated by the Division of Local Government Services, solely to assist the Chief Financial
Officer in connection with the filing of the Annual Financial Statement for the year then
ended as required by N.J.S. 40A:5-12, as amended.
Because the agreed-upon procedures do not constitute an examination of accounts made in
accordance with generally accepted auditing standards, I do not express an opinion on any of
the post-closing trial balances, related statements and analyses. In connection with the
agreed-upon procedures,
(except for circumstances as set forth below, no matters)
or
(no matters)
[eliminate one] came to my attention that caused me to believe that the Annual
Financial Statement for the year ended
is not in substantial compliance with the
requirements of the State of New Jersey, Department of Community Affairs, Division of Local
Government Services. Had I performed additional procedures or had I made an examination
of the financial statements in accordance with generally accepted auditing standards, other
matters might have come to my attention that would have been reported to the governing
body and Division. This Annual Financial Statement relates only to the accounts and
items prescribed by the Division and does not extend to the financial statements of the
municipality/county taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:
Certified by me
this
day
,2021
(Firm Name)
ROOSEVELT
BOROUGH
Dec. 31, 2020
NO ENTRY
(Registered Municipal Accountant)
Sheet 1a
(Address)
(Address)
(Phone Number)
(Fax Number)
One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
1.
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.
Total deferred charges did not equal or exceed 4% of the total tax levy;
5.
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.
The current year budget does not contain a Levy or Appropriation "CAP" waiver.
10.
The municipality has not applied for Transitional Aid for 2021.
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 (l) 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:
The undersigned certifies that this municipality does not meet item(s)
Group 3
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:
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
CERTIFICATION OF QUALIFYING MUNICIPALITY
N-0227
cfo@rooseveltnj.us
Sheet 1b
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
BOROUGH OF ROOSEVELT
George J Lang
BOROUGH OF ROOSEVELT
5/26/2021
Fiscal Year Ending:
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
354,624.45
$
$
Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.
Single Audit
Program Specific Audit
x
Financial Statement Audit Performed in Accordance
With Government Auditing Standards (Yellow Book)
Note:
All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of audit
required to comply with Title 2 U.S. Code of Federal Regulations(CFR) OMB 15-08. (Uniform
Guidance) and OMB 15-08. The single audit threshold has been been increased to $750,000
beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code of
Federal Regulations (CFR) (Uniform Guidance).
(1)
Report expenditures from federal pass-through programs received directly from state government.
Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance
(CFDA) number reported in the State's grant/contract agreements.
(2)
Report expenditures from state programs received directly from state government or indirectly from
pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there
are no compliance requirements.
(3)
Report expenditures from federal programs received directly from the federal government or indirectly
from entities other than state government.
5/26/2021
Date
Report of Federal and State Financial Assistance
Expenditures of Awards
21-6001074
Fed I.D. #
BOROUGH OF ROOSEVELT
Municipality
MONMOUTH
County
Sheet 1c
December 31, 2020
(2)
Programs
Expended
State
cfo@rooseveltnj.us
Signature of Chief Financial Officer
TOTAL
360,387.88
INSTRUCTIONS
The following certification is to be used ONLY in the event there is NO municipality
operated utility.
If there is a utility operated by the municipality of if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the
document.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
of
,
County of
during the year 2020 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities.
Name
Title
(This must be signed by the Chief Financial Office, Comptroller, Auditor or Registered
Municipal Account.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2021 and filed with the County Board of Taxation on January 10, 2021 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
Sheet 2
MUNICIPALITY
MONMOUTH
BOROUGH OF ROOSEVELT
COUNTY
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2020
ROOSEVELT
SIGNATURE OF TAX ASSESSOR
MONMOUTH
89,702,109.00
BOROUGH
taxassessor@rooseveltnj.us
Debit
Credit
CASH
1,521,450.16
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
250.00
-
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
-
CURRENT
84,534.06
SUBTOTAL
84,534.06
TAX TITLE LIENS RECEIVABLE
-
PROPERTY ACQUIRED FOR TAXES
181,700.00
CONTRACT SALES RECEIVABLE
-
MORTGAGE SALES RECEIVABLE
-
DUE FROM TRUST
5,053.72
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
DEFICIT
-
page totals
1,792,987.94
-
(Do not crowd - add additional sheets)
Sheet 3
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS FROM PAGE 3
1,792,987.94
-
APPROPRIATION RESERVES
159,590.96
ENCUMBRANCES PAYABLE
44,709.63
CONTRACTS PAYABLE
TAX OVERPAYMENTS
2,805.57
PREPAID TAXES
8,515.38
ACCOUNTS PAYABLE
35,459.00
DUE TO WATER-SEWER CAPITAL
65,516.10
DUE TO STATE:
MARRIAGE LICENCE
50.00
DCA TRAINING FEES
DUE TO GRANTS
13,358.13
LOCAL SCHOOL TAX PAYABLE
386,128.50
REGIONAL SCHOOL TAX PAYABLE
-
REGIONAL H.S.TAX PAYABLE
-
COUNTY TAX PAYABLE
-
DUE COUNTY - ADDED & OMMITTED
87.99
SPECIAL DISTRICT TAX PAYABLE
-
RESERVE FOR TAX APPEAL
-
5,000.00
PAGE TOTAL
1,792,987.94
721,221.26
(Do not crowd - add additional sheets)
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
RESERVE FOR CABLE TV APPROPRIATED
Debit
Credit
TOTALS FROM PAGE 3a
1,792,987.94
721,221.26
SUBTOTAL
1,792,987.94
721,221.26
"C"
RESERVE FOR RECEIVABLES
271,287.78
DEFERRED SCHOOL TAX
491,850.50
DEFERRED SCHOOL TAX PAYABLE
491,850.50
FUND BALANCE
800,478.90
TOTALS
2,284,838.44
2,284,838.44
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
(Do not crowd - add additional sheets)
Sheet 3a.1
Debit
Credit
TOTALS
-
-
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet 4
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2 *
AS AT DECEMBER 31, 2020
Debit
Credit
CASH
-
GRANTS RECEIVABLE
1,195.15
DUE FROM/TO CURRENT FUND
13,358.13
ENCUMBRANCES PAYABLE
245.74
APPROPRIATED RESERVES
14,307.54
UNAPPROPRIATED RESERVES
-
TOTALS
14,553.28
14,553.28
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2020
Debit
Credit
ANIMAL CONTROL TRUST FUND
CASH
955.80
DUE TO -
DUE TO STATE OF NJ
3.00
RESERVE FOR ANIMAL CONTROL TRUST FUND
952.80
FUND TOTALS
955.80
955.80
ASSESSMENT TRUST FUND
CASH
-
DUE TO -
RESERVE FOR:
FUND TOTALS
-
-
MUNICIPAL OPEN SPACE TRUST FUND
CASH
-
FUND TOTALS
-
-
LOSAP TRUST FUND
CASH
-
FUND TOTALS
-
-
Title of Account
Sheet 6
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS
AS AT DECEMBER 31, 2020
(Assessment Section Must Be Separately Stated)
(Do not crowd - add additional sheets)
Debit
Credit
CDBG TRUST FUND
CASH
-
DUE TO -
FUND TOTALS
-
-
ARTS AND CULTURAL TRUST FUND
CASH
-
FUND TOTALS
-
-
OTHER TRUST FUNDS
CASH
43,180.77
DUE TO CURRENT FUND
5,053.72
DUE TO WATER-SEWER OPERATING FUND
6,100.00
PAYROLL DEDUCTIONS PAYABLE
3,029.21
TRUST FUND RESERVES
28,997.84
OTHER TRUST FUNDS PAGE TOTAL
43,180.77
43,180.77
Title of Account
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
AS AT DECEMBER 31, 2020
(Assessment Section Must Be Separately Stated)
Debit
Credit
Previous Totals
43,180.77
43,180.77
OTHER TRUST FUNDS (continued)
TOTALS
43,180.77
43,180.77
Sheet 6.2
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
Previous Totals
43,180.77
43,180.77
OTHER TRUST FUNDS (continued)
TOTALS
43,180.77
43,180.77
Sheet 6. TOTALS
POST CLOSING
TRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Amount
Dec. 31, 2019
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2020
Parking Offense
11.00
11.00
Recreation Trips
-
-
Historical Commission Donations
315.00
315.00
Recreation Donations
350.00
350.00
Fire Department Donations
100.00
100.00
Escrow Funds
19,400.55
2,956.70
3,706.70
18,650.55
Third Party Lien Redemption
-
-
Tax Sale Premiums
14,100.00
6,100.00
8,000.00
Public Defender - Millstone Township
357.00
357.00
Woodland Trail Memorial Fund
1,214.29
1,214.29
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
35,847.84
$
2,956.70
$
9,806.70
$
28,997.84
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2019
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2020
PREVIOUS PAGE TOTAL
35,847.84
2,956.70
9,806.70
28,997.84
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
35,847.84
$
2,956.70
$
9,806.70
$
28,997.84
Sheet 6b TOTAL
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2019
Assessments
Current
Disbursements
Dec. 31, 2020
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
*Less Assets "Unfinanced"
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
RECEIPTS
Sheet 7
Debit
Credit
Est. Proceeds Bonds and Notes Authorized
492,250.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
492,250.00
CASH
312,697.96
DUE FROM -
DUE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE
824,546.94
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
85,000.00
UNFUNDED
772,250.00
DUE TO -
PAGE TOTALS
2,486,744.90
492,250.00
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Debit
Credit
PREVIOUS PAGE TOTALS
2,486,744.90
492,250.00
BOND ANTICIPATION NOTES PAYABLE
280,000.00
GENERAL SERIAL BONDS
85,000.00
TYPE 1 SCHOOL BONDS
-
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
RESERVE FOR CAPITAL PROJECTS
5,592.07
IMPROVEMENT AUTHORIZATIONS:
FUNDED
486,994.67
UNFUNDED
490,716.05
ENCUMBRANCES PAYABLE
622,704.33
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
21,603.15
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL FUND BALANCE
1,884.63
2,486,744.90
2,486,744.90
Sheet 8.1
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
24,885.56
1,717,232.91
220,668.31
1,521,450.16
-
955.80
-
955.80
-
-
-
-
47,135.13
3,954.36
43,180.77
-
14,928.00
297,769.96
312,697.96
-
-
16,741.18
107,177.12
45,430.12
78,488.18
27,250.00
23,335.99
50,585.99
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
83,804.74
2,193,606.91
270,052.79
2,007,358.86
* Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2020.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbook at December 31, 2020.
All "Certificates of Deposits", Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR
CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature:
Title:
Grant Fund
cfo@rooseveltnj.us
Chief Financial Officer
CASH RECONCILIATION DECEMBER 31, 2020
Cash
Sheet 9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Cultural
General Capital
UTILITIES:
Water-Sewer Operating Fund
Water-Sewer Capital Fund
CURRENT FUND
1ST CONSTITUTION
1,342,491.68
1ST CONSTITUTION
374,741.23
ANIMAL CONTROL FUND
1ST CONSTITUTION
955.80
OTHER TRUST
1ST CONSTITUTION
35,097.84
1ST CONSTITUTION
12,037.29
GENERAL CAPITAL FUND
1ST CONSTITUTION
297,769.96
WATER-SEWER UTILITY OPERATING FUND
1ST CONSTITUTION
107,177.12
WATER-SEWER UTILITY CAPITAL FUND
1ST CONSTITUTION
23,335.99
PAGE TOTAL
2,193,606.91
Sheet 9a
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
CASH RECONCILIATION DECEMBER 31, 2020 (cont'd)
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.
PREVIOUS PAGE TOTAL
2,193,606.91
TOTAL PAGE
2,193,606.91
CASH RECONCILIATION DECEMBER 31, 2020 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
Sheet 9a TOTAL
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
Clean Communites Grant
4,000.00
4,000.00
-
-
Recreational Trails Grant
1,195.15
1,195.15
-
Recycling Tonnage Grant
1,103.07
1,103.07
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
1,195.15
5,103.07
5,103.07
-
-
1,195.15
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Sheet 10
Grant
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
PREVIOUS PAGE TOTALS
1,195.15
5,103.07
5,103.07
-
-
1,195.15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
1,195.15
5,103.07
5,103.07
-
-
1,195.15
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Sheet
10.1
Grant
2020
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2020
Revenue
Dec. 31, 2020
Realized
PREVIOUS PAGE TOTALS
1,195.15
5,103.07
5,103.07
-
-
1,195.15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
1,195.15
5,103.07
5,103.07
-
-
1,195.15
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet 10
Totals
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
11,046.79
1,103.07
400.00
11,749.86
-
-
-
-
266.81
266.81
-
-
5,199.84
4,000.00
8,545.74
654.10
-
-
-
-
10.89
10.89
-
-
-
-
336.50
336.50
-
-
250.00
250.00
-
-
1,039.38
1,039.38
-
-
-
PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
Recreational Trails Grant
Fund for Roosevelt - Environmental
Inventory
JIF Safety Grant
Sheet
11
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Grant
Transferred from 2020
Budget Appropriations
Recycling Tonnage Grant
Municipal Court Alcohol Education and
Rehabilitation Fund
Clean Communities Grant
Sustainable Jersey Small Grant-2018
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
Sheet
11.1
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
Sheet
11.2
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
18,150.21
5,103.07
-
8,945.74
-
-
14,307.54
Sheet 11
Totals
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Balance
Received
Other
Balance
Jan. 1, 2020
Budget
Appropriation
Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
-
-
-
-
-
-
Sheet 12
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2020
Grant
Budget Appropriations
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
361,887.50
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
491,850.50
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
1,756,645.00
Levy Calendar Year 2020
xxxxxxxxxxx
Paid
1,732,404.00
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
386,128.50
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
491,850.50
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
2,610,383.00
2,610,383.00
Board of Education for use of local schools.
# Must include unpaid requisitions.
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
2020 Levy
xxxxxxxxxxx
Interest Earned
xxxxxxxxxxx
Expenditures
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
MUNICIPAL OPEN SPACE TAX
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
Levy Calendar Year 2020
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2019 - 2020)
xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021
xxxxxxxxxxx
Levy Calendar Year 2020
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2020 - 2021)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 14
REGIONAL SCHOOL TAX
REGIONAL HIGH SCHOOL TAX
(Provide a separate statement for each Regional District involved)
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
95.54
2020 Levy :
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
215,961.15
County Library
xxxxxxxxxxx
15,718.04
County Health
xxxxxxxxxxx
4,453.55
County Open Space Preservation
xxxxxxxxxxx
25,214.91
Due County for Added and Omitted Taxes
xxxxxxxxxxx
87.99
Paid
261,443.19
xxxxxxxxxx
Balance - December 31, 2020
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
87.99
xxxxxxxxxx
261,531.18
261,531.18
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxxx
2020 Levy: (List Each Type of District Tax Separately - see Footnote)
xxxxxxxxxxx
xxxxxxxxxx
Fire -
xxxxxxxxxxx
xxxxxxxxxx
Sewer -
xxxxxxxxxxx
xxxxxxxxxx
Water -
xxxxxxxxxxx
xxxxxxxxxx
Garbage -
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
Total 2020 Levy
xxxxxxxxxxx
-
Paid
xxxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxxx
-
-
Footnote: Please state the number of districts in each instance.
Sheet 15
COUNTY TAXES PAYABLE
SPECIAL DISTRICT TAXES
Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
396,100.93
396,100.93
-
Surplus Anticipated with Prior Written Consent of
Director of Local Government
-
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
86,952.07
86,952.07
-
Added by N.J.S. 40A:4-87 (List on 17a)
-
-
-
-
-
Total Miscellaneous Revenue Anticipated
86,952.07
86,952.07
-
Receipts from Delinquent Taxes
45,000.00
56,970.26
11,970.26
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a) Local Tax for Municipal Purposes
656,688.00
xxxxxxxxx
xxxxxxxxx
(b) Addition to Local District School Tax
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
656,688.00
773,374.54
116,686.54
1,184,741.00
1,313,397.80
128,656.80
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
xxxxxxxxx
2,591,455.18
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
1,756,645.00
xxxxxxxxx
Regional School Tax
-
xxxxxxxxx
Regional High School Tax
-
xxxxxxxxx
County Taxes
261,347.65
xxxxxxxxx
Due County for Added and Omitted Taxes
87.99
xxxxxxxxx
Special District Taxes
-
xxxxxxxxx
Municipal Open Space Tax
-
xxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxx
200,000.00
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxx
-
Balance for Support of Municipal Budget (or)
773,374.54
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxx
2,791,455.18
2,791,455.18
Source
STATEMENT OF GENERAL BUDGET REVENUES 2020
ALLOCATION OF CURRENT TAX COLLECTIONS
Sheet 17
*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.
Budget
Realized
Excess or Deficit
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
-
-
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
-
-
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.1
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
-
-
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.2
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
-
-
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a.3
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
-
-
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a Totals
STATEMENT OF GENERAL BUDGET REVENUES 2020
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
2020 Budget as Adopted
1,184,741.00
2020 Budget - Added by N.J.S. 40A:4-87
-
Appropriated for 2020 (Budget Statement Item 9)
1,184,741.00
Appropriated for 2020 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
1,184,741.00
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
1,184,741.00
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
770,150.04
Paid or Charged - Reserve for Uncollected Taxes
200,000.00
Reserved
159,590.96
Total Expenditures
1,129,741.00
Unexpended Balances Canceled (see footnote)
55,000.00
FOOTNOTES - RE: OVEREXPENDITURES
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.
RE: UNEXPENDED BALANCES CANCELED
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures"
must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled".
2020 Authorizations
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
-
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
-
Sheet 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2020
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
Debit
Credit
Excess of Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues anticipated
xxxxxxxxx
Delinquent Tax Collections
xxxxxxxxx
11,970.26
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
116,686.54
Unexpended Balances of 2020 Budget Appropriations
xxxxxxxxx
55,000.00
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
44,099.18
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
Payments in Lieu of Taxes on Real Property
xxxxxxxxx
Sale of Municipal Assets
xxxxxxxxx
Unexpended Balances of 2019 Appropriation Reserves
xxxxxxxxx
88,362.58
Prior Years Interfunds Returned in 2020
xxxxxxxxx
4,848.00
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2020
491,850.50
xxxxxxxxx
Balance - December 31, 2020
xxxxxxxxx
491,850.50
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
-
xxxxxxxxx
Delinquent Tax Collections
-
xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes
-
xxxxxxxxx
Interfund Advances Originating in 2020
1,753.49
xxxxxxxxx
Prior Year Refund
120.00
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
-
Surplus Balance - To Surplus (Sheet 21)
319,093.07
xxxxxxxxx
812,817.06
812,817.06
Sheet 19
RESULTS OF 2020 OPERATION
CURRENT FUND
-
xxxxxxxxx
Amount Realized
Interest on Investments and Deposits
11,285.17
Interest on Delinquent Taxes
15,068.34
Cable TV Franchise Fees
11,423.55
Rental Property License Fee
1,200.00
Municipal Court Fines and Fees
627.12
Senior Citizens / Veterans Administrative Fee
75.00
Copies
50.00
Planning and Zoning Fees
250.00
Marriage License Local Fee
6.00
Certificate of Occupancy Inspections
2,475.00
Covid 19 reimbursed through County
1,104.00
License Fees
20.00
Retuned check fees
15.00
Vacant Property Fee
500.00
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
44,099.18
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Amount Realized
PREVIOUS PAGE TOTALS
44,099.18
Page Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
44,099.18
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20.1
Amount Realized
PREVIOUS PAGE TOTALS
44,099.18
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
44,099.18
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20 Totals
Debit
Credit
1.
Balance - January 1, 2020
xxxxxxxxx
877,486.76
2.
xxxxxxxxx
3.
Excess Resulting from 2020 Operations
xxxxxxxxx
319,093.07
4.
Amount Appropriated in the 2020 Budget - Cash
396,100.93
xxxxxxxxx
5.
Amount Appropriated in 2020 Budget - with Prior Written-
Consent of Director of Local Government Services
-
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2020
800,478.90
xxxxxxxxx
1,196,579.83
1,196,579.83
Cash
1,521,450.16
Investments
Sub Total
1,521,450.16
Deduct Cash Liabilities Marked with "C" on Trial Balance
721,221.26
Cash Surplus
800,228.90
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
250.00
Deferred Charges #
Cash Deficit #
Total Other Assets
250.00
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
800,478.90
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2021 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S.
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
Sheet 21
SURPLUS - CURRENT FUND
YEAR - 2020
ANALYSIS OF BALANCE DECEMBER 31, 2020
(FROM CURRENT FUND - TRIAL BALANCE)
1.
Amount of Levy as per Duplicate (Analysis) #
$
or
(Abstract of Ratables)
$
2,675,087.78
2.
Amount of Levy Special District Taxes
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
901.46
5a. Subtotal 2020 Levy
$
2,675,989.24
5b. Reductions due to tax appeals **
$
5c. Total 2020 Tax Levy
$
2,675,989.24
6.
Transferred to Tax Title Liens
$
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
9.
Discount Allowed
$
10. Collected in Cash: In 2019
$
15,030.52
In 2020 *
$
2,572,424.66
Homestead Benefit Credit
$
State's Share of 2020 Senior Citizens
and Veterans Deductions Allowed
$
4,000.00
Total To Line 14
$
2,591,455.18
11. Total Credits
$
2,591,455.18
12. Amount Outstanding December 31, 2020
$
84,534.06
13. Percentage of Cash Collections to Total 2020 Levy,
(Item 10 divided by Item 5c) is
96.84%
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ____ and complete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10
$
2,591,455.18
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
2,591,455.18
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include
Senior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2020 collections.
** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2020 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
$
2,591,455.18
LESS : Proceeds from Accelerated Tax Sale
Net Cash Collected
$
2,591,455.18
Line 5c (sheet 22) Total 2020 Tax Levy
$
2,675,989.24
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
96.84%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)
$
2,591,455.18
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
2,591,455.18
Line 5c (sheet 22) Total 2020 Tax Levy
$
2,675,989.24
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
96.84%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2020
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
Debit
Credit
1.
Balance - January 1, 2020
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Sr. Citizens Deductions Per Tax Billings
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
3,750.00
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
250.00
xxxxxxxxx
5.
Deductions Allowed By Tax Collector 2019 Taxes
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
8.
Deductions Disallowed By Tax Collector Prior Taxes
xxxxxxxxx
9.
Received in Cash from State
xxxxxxxxx
3,750.00
10.
11.
12. Balance - December 31, 2020
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
250.00
Due To State of New Jersey
-
xxxxxxxxx
4,000.00
4,000.00
Calculation of Amount to be included on Sheet 22, Item 10 -
2020 Senior Citizens and Veterans Deductions Allowed
Line 2
-
Line 3
3,750.00
Line 4
250.00
Sub - Total
4,000.00
Less: Line 7
-
To Item 10, Sheet 22
4,000.00
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit
Credit
Balance - January 1, 2020
xxxxxxxxxx
-
Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
xxxxxxxxx
Closed to Results of Operation
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
Taxes Pending Appeals*
xxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxx
xxxxxxxxx
* Includes State Tax Court and County Board of Taxation
-
-
Appeals Not Adjusted by December 31, 2020
Date
Sheet 24
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2020 Taxes Collected which are
Pending State Appeal (Item 14, Sheet 22)
1. Balance - January 1, 2020
56,970.26
xxxxxxxxx
A. Taxes
56,970.26
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
xxxxxxxxx
2. Canceled:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
3. Transferred to Foreclosed Tax Title Liens:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
4. Added Taxes
xxxxxxxxx
5. Added Tax Title Liens
xxxxxxxxx
6.
xxxxxxxxx
A. Taxes - Transfers to Tax Title Liens
xxxxxxxxx
(1)
B. Tax Title Liens - Transfers from Taxes
(1)
-
xxxxxxxxx
7. Balance Before Cash Payments
xxxxxxxxx
56,970.26
8.
Totals
56,970.26
56,970.26
9. Balance Brought Down
56,970.26
xxxxxxxxx
10. Collected:
xxxxxxxxx
56,970.26
A. Taxes
56,970.26
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2020 Tax Sale
xxxxxxxxx
12. 2020 Taxes Transferred to Liens
xxxxxxxxx
13. 2020 Taxes
84,534.06
xxxxxxxxx
14. Balance - December 31, 2020
xxxxxxxxx
84,534.06
A. Taxes
84,534.06
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
-
xxxxxxxxx
xxxxxxxxx
15.
Totals
141,504.32
141,504.32
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
100.00%
17. Item No.14 multiplied by percentage shown above is
84,534.06
and represents the
maximum amount that may be anticipated in 2021.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet 26
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
Adjustment between Taxes (Other than current year) and Tax Title Liens;
Debit
Credit
1. Balance - January 1, 2020
181,700.00
xxxxxxxxx
2. Foreclosed or Deeded in 2020
xxxxxxxxx
xxxxxxxxx
3.
Tax Title Liens
-
xxxxxxxxx
4.
Taxes Receivable
-
xxxxxxxxx
5A.
xxxxxxxxx
5B.
xxxxxxxxx
6.
Adjustment to Assessed Valuation
xxxxxxxxx
7.
Adjustment to Assessed Valuation
xxxxxxxxx
8. Sales
xxxxxxxxx
xxxxxxxxx
9.
Cash *
xxxxxxxxx
10.
Contract
xxxxxxxxx
11.
Mortgage
xxxxxxxxx
12.
Loss on Sales
xxxxxxxxx
13.
Gain on Sales
xxxxxxxxx
14. Balance - December 31, 2020
xxxxxxxxx
181,700.00
181,700.00
181,700.00
Debit
Credit
15. Balance - January 1, 2020
xxxxxxxxx
16. 2020 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2020
xxxxxxxxx
-
-
-
Debit
Credit
20. Balance - January 1, 2020
xxxxxxxxx
21. 2020 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2020
xxxxxxxxx
-
-
-
Analysis of Sale of Property:
$
-
* Total Cash Collected in 2020
Realized in 2020 Budget
To Results of Operation (Sheet 19)
-
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
from 2020
Dec. 31, 2020
Emergency Authorization -
Municipal*
$
$
$
$
-
Emergency Authorization -
Schools
$
$
$
$
-
Overexpenditure of Appropriations
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
TOTAL DEFERRED CHARGES
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S.A.40A:4-55,
N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
N.J.S.A. 40A:4-53 SPECIAL EMERGENCY -
TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Sheet 29
Date
Purpose
Chief Financial Officer
REDUCED IN 2020
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODS
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Amount
Not Less Than
Balance
Balance
Authorized
1/3 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55.1 et seq. and
N.J.S. 40A:4-55.13 et seq. and are recorded on this page
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Sheet 30
Date
Purpose
Chief Financial Officer
REDUCED IN 2020
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
10,000.00
Outstanding - December 31, 2020
85,000.00
95,000.00
2021 Bond Maturities - General Capital Bonds
$
2021 Interest on Bonds*
$
2,450.00
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds*
$
Total "Interest on Bonds - Debt Service" (*Items)
$
2021 Maturity
Interest
Rate
NONE
Total
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2021 Debt
Service
Credit
95,000.00
10,000.00
xxxxxxxxx
2,450.00
xxxxxxxxx
-
xxxxxxxxx
xxxxxxxxx
95,000.00
ASSESSMENT SERIAL BONDS
Sheet 31
LIST OF BONDS ISSUED DURING 2020
-
Date of
Issue
Purpose
Amount Issued
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for
Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for
LOAN
$
2021 Maturity
Interest
Rate
Total
-
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2020
-
Date of
Issue
Amount Issued
__________________________________ LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
2021 Debt
Service
Credit
xxxxxxxxx
xxxxxxxxx
Purpose
-
-
xxxxxxxxx
-
xxxxxxxxx
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for___________________ Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for __________________________ Loan
$
2021 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2020
Purpose
Amount Issued
Date of
Issue
Sheet 31a.1
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for___________________ Loan
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Total 2021 Debt Service for __________________________ Loan
$
2021 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
__________________________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2020
Purpose
Amount Issued
Date of
Issue
Sheet 31a.2
-
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Term Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Interest on Bonds*
$
2021 Bond Maturities - Serial Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2021 Maturity
-01
Interest
Rate
Total
-
Outstanding
Dec. 31, 2020
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
2021 Interest
Sheet 32
Requirement
xxxxxxxxx
2021 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Purpose
Date of
Issue
xxxxxxxxx
Amount Issued
-02
-
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2020
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2021 Debt
Service
Credit
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
280,000.00
12/23/2020
280,000.00
12/22/21
0.4600%
-
1,284.42
12/22/21
Page Totals
280,000.00
280,000.00
-
1,284.42
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
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 2018 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2021 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sheet 33
Title or Purpose of Issue
2021 Budget Requirements
208-05 Road Improvements to Homestead
Lane and Cedar Court
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
PREVIOUS PAGE TOTALS
280,000.00
280,000.00
-
1,284.42
PAGE TOTALS
280,000.00
280,000.00
-
1,284.42
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
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 2018 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2021 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2021 Budget Requirements
Title or Purpose of Issue
Sheet
33.1
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
PREVIOUS PAGE TOTALS
280,000.00
280,000.00
-
1,284.42
PAGE TOTALS
280,000.00
280,000.00
-
1,284.42
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
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 2018 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2021 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2021 Budget Requirements
Title or Purpose of Issue
Sheet 33
Totals
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
-
-
-
-
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Assessment Notes with an original date of issue of 2018 or prior must be appropriated in full in the 2021 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)
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Sheet 34
Title or Purpose of Issue
2021 Budget Requirements
Amount
Lease Obligation Outstanding
Dec. 31, 2020
For Principal
For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
-
-
-
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sheet
34a
Purpose
2021 Budget Requirements
2020
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
228 Reconstuct Manholes
11,842.68
11,842.68
231- Reconstruct Pine Drive Storm Sewers
8,409.82
62,250.00
8,409.82
62,250.00
234 Soil Removal
7,943.27
7,943.27
15-006 Improvements to Windsor Road
28.66
9,000.00
9,028.66
-
2018-005 Improvements to Homestead Lane and
Cedar Court
-
97,066.80
-
97,066.80
2019-003 Improvements to Nurko Lane, Elm Court
and Parking Lot Improvements
344,430.00
240,000.00
413,030.75
-
171,399.25
2020-05 Farm Lane and School Lane Improvements
-
-
725,000.00
106,201.10
458,798.90
160,000.00
Page Total
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Sheet 35
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2020
Balance - December 31, 2020
2020
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
PAGE TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Sheet 35.1
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2020
Balance - December 31, 2020
2020
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
PAGE TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35.2
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2020
Balance - December 31, 2020
IMPROVEMENTS
Specify each authorization by purpose. Do
2020
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
GRAND TOTALS
372,654.43
408,316.80
725,000.00
-
519,231.85
9,028.66
486,994.67
490,716.05
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35 Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2020
Balance - December 31, 2020
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
61,603.15
Received from 2020 Budget Appropriation *
xxxxxxxxx
30,000.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
70,000.00
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
21,603.15
xxxxxxxxx
91,603.15
91,603.15
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 36
xxxxxxxxx
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation *
xxxxxxxxx
Received from 2020 Emergency Appropriation *
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2020 or Prior
Authorized
Ordinance
Years
2020-05 Farm Lane and School
Lane Improvements
725,000.00
160,000.00
70,000.00
70,000.00
NJ DOT GRANT $495,000.00
Total
725,000.00
160,000.00
70,000.00
70,000.00
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.
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 37
CAPITAL IMPROVEMENTS AUTHORIZED IN 2020
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
1,855.97
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
28.66
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2020 Budget Revenue
xxxxxxxxx
Balance - December 31, 2020
1,884.63
xxxxxxxxx
1,884.63
1,884.63
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2020
A.
1.
Total Tax Levy for the Year 2020 was
$
2.
Amount of Item 1 Collected in 2020 (*)
$
3.
Seventy (70) percent of Item 1
$
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2020?
YES
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2020?
YES
If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the 2021 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
NO
D.
1.
Cash Deficit 2019
$
2.
4% of 2019 Tax Levy for all purposes:
Levy --
$
=
$
3.
Cash Deficit 2020
$
4.
4% of 2020 Tax Levy for all purposes:
Levy --
$
=
$
E.
1.
State Taxes
$
$
$
2.
County Taxes
$
$
$
3.
Amounts due Special Districts
$
$
$
4.
Amount due School Districts for School Tax
$
$
$
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)
386,128.50
87.99
-
2,675,989.24
1,873,192.47
2,591,455.18
Answer YES or NO
Answer YES or NO
Unpaid
Total
2020
-
Answer YES or NO
Sheet 39
2019
386,128.50
87.99
-
-
-
Note:
If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year 2020, please observe
instructions of Sheet 2.
UTILITIES ONLY
Sheet 40
Debit
Credit
Cash
78,488.18
Investments
Due from - Water-Sewer Capital
140,593.24
Due from - Other Trust
6,100.00
Receivables Offset with Reserves:
Consumer Accounts Receivable
85,967.23
Liens Receivable
-
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
73,626.60
Encumbrances Payable
52,967.30
Accrued Interest on Bonds and Notes
8,699.93
Due to -
Overpayments
2,685.03
Prepaid Rents
13.86
Subtotal - Cash Liabilities
137,992.72
"C"
Reserve for Consumer Accounts and Lien Receivable
85,967.23
Fund Balance
87,188.70
Total
311,148.65
311,148.65
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
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, 2020
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
1,678,212.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
1,678,212.00
CASH
50,585.99
DUE FROM CURRENT FUND
65,516.10
FIXED CAPITAL:
COMPLETED
5,440,147.35
AUTHORIZED AND UNCOMPLETED
3,493,385.96
LOAN AND GRANTS RECEIVABLE
27,225.00
PAGE TOTALS
10,755,072.40
1,678,212.00
Sheet 41a
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - WATER-SEWER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit
Credit
PREVIOUS PAGE TOTALS
10,755,072.40
1,678,212.00
BONDS PAYABLE
1,485,000.00
LOANS PAYABLE
920,786.56
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
916,150.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED
2,400.00
UNFUNDED
1,556,318.18
CONTRACTS PAYABLE
ENCUMBRANCES
115,418.75
DUE TO WATER-SEWER OPERATING
140,593.24
RESERVE FOR AMORTIZATION
3,817,234.75
RESERVE FOR DEFERRED AMORTIZATION
116,150.00
RESERVE FOR DEBT SERVICE
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
-
CAPITAL FUND BALANCE
6,808.92
TOTALS
10,755,072.40
10,755,072.40
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - WATER-SEWER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
TOTALS
-
-
Sheet 42
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2019
Assessments
Operating
Disbursements
Dec. 31, 2020
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF WATER-SEWER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
30,000.00
30,000.00
-
Operating Surplus Anticipated with Consent of
Director of Local Government
-
Rents
730,000.00
741,193.23
11,193.23
Cell Tower Fees
90,000.00
127,816.24
37,816.24
Interest on Delinquent Rents
12,201.00
7,537.68
(4,663.32)
-
-
Reserve for Debt Service
-
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
Subtotal
862,201.00
906,547.15
44,346.15
Deficit (General Budget) **
55,000.00
(55,000.00)
917,201.00
906,547.15
(10,653.85)
** 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 45.
Appropriations:
xxxxxxxxx
Adopted Budget
917,201.00
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
917,201.00
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
917,201.00
Deduct Expenditures:
Paid or Charged
789,218.46
Reserved
73,626.60
Surplus (General Budget)**
Total Expenditures
862,845.06
Unexpended Balance Canceled (See Footnote)
54,355.94
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in 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"
Source
SCHEDULE OF WATER-SEWER UTILITY BUDGET - 2020
Sheet 44
BUDGET REVENUES
STATEMENT OF BUDGET APPROPRIATIONS
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 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:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
906,547.15
Miscellaneous Revenue Not Anticipated
11,366.87
2019 Appropriation Reserves Canceled in 2020
17,543.93
Total Revenue Realized
935,457.95
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
789,218.46
Reserved
73,626.60
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
862,845.06
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
862,845.06
Excess
72,612.89
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2020 Operation
("Excess in Operations" - Sheet 46)
72,612.89
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2020 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THE
EXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in the
Water-Sewer Utility for 2019
2019 Appropriation Reserves Canceled in 2020
17,543.93
Less:
* Excess (Revenue Realized)
17,543.93
** Items must be shown in same amounts on Sheet 44.
Sheet 45
Anticipated Deficit in 2019 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '"
STATEMENT OF 2020 OPERATION
WATER-SEWER UTILITY
Remainder =
Remainder =
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
54,355.94
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
11,366.87
Unexpended Balances of 2019 Appropriations*
xxxxxxxxx
17,543.93
Deficit in Anticipated Revenues
10,653.85
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
72,612.89
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
83,266.74
83,266.74
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
44,575.81
Excess in Results of 2020 Operations
xxxxxxxxx
72,612.89
Amount Appropriated in the 2020 Budget - Cash
30,000.00
xxxxxxxxx
Amount Appropriated in 2020 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2020
87,188.70
xxxxxxxxx
117,188.70
117,188.70
Cash
78,488.18
Investments
Interfund Accounts Receivable
146,693.24
Subtotal
225,181.42
Deduct Cash Liabilities Marked with "C" on Trial Balance
137,992.72
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
87,188.70
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET.
87,188.70
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
RESULTS OF 2020 OPERATIONS - WATER-SEWER UTILITY
Deferred Charges #
Sheet 46
OPERATING SURPLUS - WATER-SEWER UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2020
(FROM WATER-SEWER UTILITY - TRIAL BALANCE)
xxxxxxxxx
Balance December 31, 2019
$
87,988.87
Increased by:
Rents Levied
$
739,171.59
Decreased by:
Collections
$
741,193.23
Overpayments applied
$
Transfer to Liens
$
Other
$
$
741,193.23
Balance December 31, 2020
$
85,967.23
Balance December 31, 2019
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2020
$
-
SCHEDULE OF WATER-SEWER UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF WATER-SEWER UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2019
Amount in
Amount
Balance
per Audit
2020
Resulting
as at
Report
Budget
2020
Dec. 31, 2020
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2021
1.
$
2.
$
3.
$
4.
$
Sheet 48
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
WATER-SEWER UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2019
By 2020
Canceled
Dec. 31, 2020
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Chief Financial Officer
UTILITY SPECIAL EMERGENCY
Purpose
REDUCED IN 2020
Sheet
48a
Date
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Bond Maturities - Assessment Bonds
$
2021 Interest on Bonds
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
120,000.00
Outstanding - December 31, 2020
1,485,000.00
1,605,000.00
2021 Bond Maturities - Capital Bonds
$
2021 Interest on Bonds
$
55,500.00
2021 Interest on Bonds (*Items)
$
55,500.00
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
4,625.00
Subtotal
$
50,875.00
Add: Interest to be Accrued as of 12/31/2021
$
4,116.67
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
Sheet 49
-
Purpose
1,605,000.00
Date of
Issue
Amount Issued
LIST OF BONDS ISSUED DURING 2020
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR BONDS
WATER-SEWER UTILITY ASSESSMENT BONDS
2021 Debt
Service
Credit
xxxxxxxxx
xxxxxxxxx
1,605,000.00
xxxxxxxxx
-
WATER-SEWER UTILITY CAPITAL BONDS
INTEREST ON BONDS - WATER-SEWER UTILITY BUDGET
54,991.67
130,000.00
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
66,334.96
Outstanding - December 31, 2020
896,465.59
962,800.55
2021 Loan Maturities
$
2021 Interest on Loans
$
8,758.33
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
15,947.05
Outstanding - December 31, 2020
24,320.97
40,268.02
2021 Loan Maturities
$
2021 Interest on Loans
$
1,500.00
2021 Interest on Loans (*Items)
$
10,258.33
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
3,972.57
Subtotal
$
6,285.76
Add: Interest to be Accrued as of 12/31/2021
$
3,619.38
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
Sheet 49a
962,800.55
962,800.55
Purpose
66,334.96
80,536.04
Date of
Issue
Amount Issued
LIST OF LOANS ISSUED DURING 2020
xxxxxxxxx
xxxxxxxxx
40,268.02
xxxxxxxxx
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
WATER-SEWER UTILITY I BANK LOAN
2021 Debt
Service
Credit
-
WATER-SEWER UTILITY FARMERS HOME LOAN
INTEREST ON LOANS - WATER-SEWER UTILITY BUDGET
9,905.14
16,500.00
xxxxxxxxx
Debit
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
Outstanding - January 1, 2020
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2020
-
-
2021 Loan Maturities
$
2021 Interest on Loans
$
2021 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2021
$
Required Appropriation 2021
$
2021 Maturity
Interest
Rate
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
LIST OF LOANS ISSUED DURING 2020
WATER-SEWER UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - WATER-SEWER UTILITY BUDGET
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2021 DEBT SERVICE FOR LOANS
WATER-SEWER UTILITY ________________ LOAN
Credit
2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
265 Improvements to Lake Drive
-
2.
Pump Station
30,400.00
12/29/2017
4,150.00
12/22/2021
0.46%
4,150.00
19.04
12/22/2021
3.
16-03 Rehabilitation of Elevated
4.
Water-Tower
200,000.00
12/29/2017
194,000.00
12/22/2021
0.46%
6,000.00
889.92
12/22/2021
5.
16-18 Various Water Sewer
6.
Improvements
122,000.00
12/29/2017
118,000.00
12/22/2021
0.46%
6,000.00
541.29
12/22/2021
7.
18-06 Replacement of Water Mains
600,000.00
12/23/2020
600,000.00
12/22/2021
0.46%
2,752.33
12/22/2021
8.
9.
TOTAL
952,400.00
916,150.00
16,150.00
4,202.58
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR WATER-SEWER UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
952,400.00
916,150.00
16,150.00
4,202.58
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate
2021 Interest on Notes
$
4,202.58
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2020 (Trial Balance)
$
102.36
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
4,100.22
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it
Add: Interest to be Accrued as of 12/31/2021
$
118.05
is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.
Required Appropriation - 2021
$
4,218.27
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
INTEREST ON NOTES - WATER-SEWER UTILITY BUDGET
DEBT SERVICE FOR WATER-SEWER UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
Sheet 50
Title or Purpose of Issue
2021
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2020
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
DEBT SERVICE SCHEDULE FOR WATER-SEWER UTILITY ASSESSMENT NOTES
Sheet 51
Title or Purpose of Issue
2021
Amount
Lease Obligation Outstanding
Dec. 31, 2020
For Prinicpal
For Interest/Fees
Total
-
-
-
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS WATER-SEWER UTILITY
Sheet
51a
Purpose
2021 Budget Requirements
2020
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
221
Maple Court / N. Rochdale
Improvements
3,640.25
3,640.25
-
247/256
Acquisition and Installation of an
Automatic Bar Screen and Inlet
Weir Replacement
4,645.71
4,645.71
-
257/261
Various Water-Sewer
Improvements
719,234.38
23,500.00
695,734.38
265
Improvements to Lake Drive
Pump Station
4,123.00
300.00
3,823.00
16-03 Rehabilitation of Elevated Water Tower
7,886.25
24,150.00
30,500.00
1,536.25
16-18 Various Water Sewer Improvements
9,698.25
5,530.00
4,168.25
-
18-06 Replacement of Water Mains
154,443.93
20,846.53
133,597.40
PAGE TOTALS
16,172.21
911,649.56
-
-
80,676.53
8,285.96
-
838,859.28
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER-SEWER (UTILITY CAPITAL FUND)
Sheet 52
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2020
Balance - December 31, 2020
2020
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
16,172.21
911,649.56
-
-
80,676.53
8,285.96
-
838,859.28
2020-006
Water Main Replacement Farm/
730,000.00
60,141.10
669,858.90
School
-
2020-14
Trickling Filter and Treatment
-
Plant Upgrades
50,000.00
2,400.00
47,600.00
TOTALS
16,172.21
911,649.56
780,000.00
-
140,817.63
8,285.96
2,400.00
1,556,318.18
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.4
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER-SEWER (UTILITY CAPITAL FUND)
Balance - January 1, 2020
Balance - December 31, 2020
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
7,550.00
Received from 2020 Budget Appropriation
xxxxxxxxx
27,250.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
37,200.00
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
37,200.00
37,200.00
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
Received from 2020 Budget Appropriation *
xxxxxxxxx
Received from 2020 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020
-
xxxxxxxxx
-
-
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
WATER-SEWER UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 53
WATER-SEWER UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
2,400.00
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2020 or Prior
Authorized
Ordinance
Years
Water Main Replacement
Farm Lane/School Lane
730,000.00
695,200.00
34,800.00
34,800.00
Replace Trickling Filters
50,000.00
47,600.00
2,400.00
2,400.00
780,000.00
742,800.00
37,200.00
37,200.00
Debit
Credit
Balance - January 1, 2020
xxxxxxxxx
922.96
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
5,885.96
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2020 Budget Reserve
xxxxxxxxx
Balance - December 31, 2020
6,808.92
xxxxxxxxx
6,808.92
6,808.92
WATER-SEWER UTILITY FUND
WATER-SEWER UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
YEAR 2020
Sheet 54
CAPITAL IMPROVEMENTS AUTHORIZED IN 2020
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
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, 2021..."
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