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2024 - Annual Financial Statement

BID #: N/A

DUE: 2/10/2025

VALUE: TBD

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Executive Summary

The document is the Annual Financial Statement for the Borough of Roosevelt, Monmouth County, New Jersey for the year 2024. This statement includes financial information for various funds including the Current Fund, Public Assistance Fund, Trust Funds, and General Capital Fund, as well as utilities such as the Water-Sewer Operating and Capital Funds. The document contains trial balances, cash reconciliations, schedules of revenues, appropriations, and debt service, and provides certifications by the Chief Financial Officer and Registered Municipal Accountant, where required.

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--- Document: 2024 - Annual Financial Statement Document ---
POPULATION  LAST  CENSUS
NET VALUATION TAXABLE 2024
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, 2024, completely in compliance with N.J.S.A. 40A:5-12, as amended. I also give complete assurance as
to the veracity of required information included herein, needed prior to certification by the Director of Local Government
Services, including the verification of cash balances as of December 31, 2024.
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@rooseeltmj.us
Examined By:
Preliminary Check
ROOSEVELT
MONMOUTH
BOROUGH
Examined
cfo@rooseveltnj.us
Chief Finacial Officer
SCOTT M. FRUEH
N-1665
DO  NOT  USE  THESE  SPACES
ANNUAL  FINANCIAL  STATEMENT  FOR  THE  YEAR  2024
(UNAUDITED)
FIVE  DOLLARS  PER  DAY  PENALTY  IF  NOT  FILED  BY:
COUNTIES - JANUARY  26, 2025
808
1341
112,578,077
                   
MUNICIPALITIES - FEBRUARY 10, 2025
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 as of December 31, 2024 and have applied certain agreed-upon procedures thereon as
promulgated by the Division of Local Government Services, solely to assist the Chief Financial
Officer in connection with the filing of the Annual Financial Statement for the year then
ended as required by N.J.S.A. 40A:5-12, as amended.
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 December 31, 2024 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 
, 2025
(Firm Name)
ROOSEVELT
BOROUGH
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 2025.
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)          
 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
cfo@rooseveltnj.us
7/15/2025
Sheet  1b
CERTIFICATION  OF  NON-QUALIFYING  MUNICIPALITY
BOROUGH OF ROOSEVELT
Scott M. Frueh
N-1665
BOROUGH OF ROOSEVELT


Fiscal Year Ending: 
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
1,852.08
              
$
$  
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.
7/15/2025
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, 2024
(2)
Programs
Expended
State
cfo@rooseveltnj.us
Signature of Chief Financial Officer
TOTAL
23,906.25
                


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 2024 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities.
Name
Title
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered 
Municipal Accountant.)
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2025 and filed with the County Board of Taxation on January 10, 2025 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,  2024
ROOSEVELT
SIGNATURE OF TAX ASSESSOR
MONMOUTH
131,340,329.00
                                 
BOROUGH
N/A
taxassessor@rooseveltnj.us


Debit
Credit
CASH
2,334,301.68
              
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
500.00
                        
-
                              
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
-
                    
CURRENT
89,858.00
         
SUBTOTAL
89,858.00
                   
TAX TITLE LIENS RECEIVABLE
-
                              
PROPERTY ACQUIRED FOR TAXES
181,700.00
                 
CONTRACT SALES RECEIVABLE
-
                              
MORTGAGE SALES RECEIVABLE
-
                              
DUE FROM ANIMAL TRUST
1,038.60
                     
DUE FROM PAYROLL TRUST
3,231.46
                     
DUE FROM WATER SEWER OPERATING
257,441.77
                 
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
                              
DEFICIT
-
                              
OVEREXPENDITURE OF AN APPROPRIATIONS
Page Totals:
2,868,071.51
              
-
                              
(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, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled


Debit
Credit
TOTALS FROM PAGE 3
2,868,071.51
              
-
                              
APPROPRIATION RESERVES
183,687.67
                 
ENCUMBRANCES PAYABLE
30,968.59
                   
CONTRACTS PAYABLE
TAX OVERPAYMENTS
PREPAID TAXES
61,760.61
                   
ACCOUNTS PAYABLE
52,395.34
                   
DUE TO STATE:
MARRIAGE LICENCE
75.00
                          
DCA TRAINING FEES
LOCAL SCHOOL TAX PAYABLE
462,117.50
                 
REGIONAL SCHOOL TAX PAYABLE
-
                              
REGIONAL H.S.TAX PAYABLE
-
                              
COUNTY TAX PAYABLE
-
                              
DUE COUNTY - ADDED & OMMITTED
1,157.37
                     
SPECIAL DISTRICT TAX PAYABLE
-
                              
RESERVE FOR TAX APPEAL
-
                              
114,513.95
                 
734,530.15
                 
94,263.15
                   
5,000.00
                     
2,797.00
                     
PAGE TOTAL
2,868,071.51
              
1,743,266.33
              
(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, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
DUE TO GRANT FUND
DUE TO GENERAL CAPITAL FUND
DUE TO WATER/SEWER CAPITAL FUND
RESERVE FOR CABLE TV APPROPRIATED
DUE TO OTHER TRUST


Debit
Credit
TOTALS FROM PAGE 3a
2,868,071.51
              
1,743,266.33
            
SUBTOTAL
2,868,071.51
              
1,743,266.33
            
"C"
RESERVE FOR RECEIVABLES
533,269.83
               
DEFERRED SCHOOL TAX
491,850.50
                 
DEFERRED SCHOOL TAX PAYABLE
491,850.50
               
FUND BALANCE
591,535.35
               
TOTALS
3,359,922.01
              
3,359,922.01
            
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, 2024
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, 2024


Debit
Credit
CASH
-
                             
GRANTS RECEIVABLE
1,295.15
                    
DUE FROM/TO CURRENT FUND
114,513.95
                
ENCUMBRANCES PAYABLE
APPROPRIATED RESERVES
28,306.19
                  
UNAPPROPRIATED RESERVES
87,502.91
                  
TOTALS
115,809.10
                
115,809.10
                
Title of Account
(Do not crowd - add additional sheets)
Sheet  5
POST  CLOSING  TRIAL  BALANCE
FEDERAL  AND  STATE  GRANTS
AS  AT  DECEMBER  31, 2024


Debit
Credit
ANIMAL CONTROL TRUST FUND
CASH
2,590.20
                    
DUE TO - CURRENT
1,038.60
                    
DUE TO STATE OF NJ
4.00
                           
RESERVE FOR ANIMAL CONTROL TRUST FUND
1,547.60
                    
FUND TOTALS
2,590.20
                    
2,590.20
                    
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, 2024
(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
32,612.83
                  
DUE FROM/TO WATER-SEWER OPERATING FUND
10,200.00
                  
DUE FROM/TO CURRENT FUND
2,797.00
                    
 
OTHER TRUST FUND RESERVES
25,209.83
                  
OTHER TRUST FUNDS PAGE TOTAL
35,409.83
                  
35,409.83
                  
Title of Account
(Do not crowd - add additional sheets)
Sheet  6.1
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
AS  AT  DECEMBER  31, 2024
(Assessment  Section  Must  Be  Separately  Stated)


Debit
Credit
Previous Totals
35,409.83
                  
35,409.83
                  
OTHER TRUST FUNDS (continued)
PAYROLL TRUST FUND
CASH
12,925.26
                  
DUE FROM/TO CURRENT FUND
3,231.46
                    
RESERVE FOR FOR PAYTOLL LIABILTIES
9,693.80
                    
TOTALS
48,335.09
                  
48,335.09
                  
Sheet  6.2
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
(Assessment  Section  Must  Be  Separately  Stated)
AS  AT  DECEMBER  31, 2024
Title of Account
(Do not crowd - add additional sheets)


Debit
Credit
Previous Totals
48,335.09
                  
48,335.09
                  
OTHER TRUST FUNDS (continued)
TOTALS
48,335.09
                  
48,335.09
                  
Sheet  6. TOTALS
POST  CLOSING
TRIAL  BALANCE  -  TRUST  FUNDS (CONT'D)
(Assessment  Section  Must  Be  Separately  Stated)
AS  AT  DECEMBER  31, 2024
Title of Account
(Do not crowd - add additional sheets)


Amount
Dec. 31, 2023
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2024
Parking Offense Adjudication Act
11.00
                 
11.00
                 
Recreation Trips
-
                     
-
                     
Historical Commission Donations
315.00
               
315.00
               
Recreation Donations
88.31
                 
88.31
                 
Fire Department Donations
100.00
               
100.00
               
Escrow Funds
19,752.12
          
24,863.29
          
24,176.89
          
20,438.52
          
Third Party Lien Redemption
-
                     
-
                     
Tax Sale Premiums
3,900.00
            
3,900.00
            
Public Defender - Millstone Township
357.00
               
357.00
               
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
PAGE TOTAL
$
24,523.43
          
$
24,863.29
          
$
24,176.89
          
$
25,209.83
          
Sheet  6b
Purpose
SCHEDULE OF TRUST FUND RESERVES


Amount
Dec. 31, 2023
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2024
PREVIOUS PAGE TOTAL
24,523.43
          
24,863.29
          
24,176.89
          
25,209.83
          
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
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-
                     
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-
                     
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-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
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-
                     
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-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
-
                     
PAGE TOTAL
$
24,523.43
          
$
24,863.29
          
$
24,176.89
          
$
25,209.83
          
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, 2023
Assessments
Current
Disbursements
Dec. 31, 2024
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
Estimated Proceeds Bonds and Notes Authorized
391,550.00
                    
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
391,550.00
                    
CASH
(427,213.23)
                   
DUE FROM - CURRENT FUND
734,530.15
                    
DUE FROM - WATER/SEWER CAPITAL 
16,650.00
                      
FEDERAL AND STATE GRANTS RECEIVABLE
847,424.93
                    
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
45,000.00
                      
UNFUNDED
1,589,550.00
                 
DUE TO -
PAGE TOTALS
3,197,491.85
                 
391,550.00
                    
Title of Account
(Do not crowd - add additional sheets)
Sheet  8
POST  CLOSING
TRIAL  BALANCE  --  GENERAL  CAPITAL  FUND
AS  AT  DECEMBER  31, 2024


Debit
Credit
PREVIOUS PAGE TOTALS
3,197,491.85
                     
391,550.00
                        
BOND ANTICIPATION NOTES PAYABLE
1,198,000.00
                 
GENERAL SERIAL BONDS
45,000.00
                      
TYPE 1 SCHOOL BONDS
-
                                 
LOANS PAYABLE
-
                                 
CAPITAL LEASES PAYABLE
-
                                 
RESERVE FOR CAPITAL PROJECTS
IMPROVEMENT AUTHORIZATIONS:
FUNDED
196,738.49
                    
UNFUNDED
990,424.15
                    
ENCUMBRANCES PAYABLE
312,282.71
                    
3,588.72
                        
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
58,023.15
                      
DOWN PAYMENTS ON IMPROVEMENTS
-
                                 
CAPITAL FUND BALANCE
1,884.63
                        
3,197,491.85
                 
3,197,491.85
                 
GENERAL CAPITAL RESERVES
Sheet  8.1
POST  CLOSING
TRIAL  BALANCE  --  GENERAL  CAPITAL  FUND
AS  AT  DECEMBER  31, 2024
Title of Account
(Do not crowd - add additional sheets)


Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
1,069,104.33
          
1,285,991.34
          
20,793.99
               
2,334,301.68
          
-
                         
2,614.80
                 
24.60
                      
2,590.20
                 
-
                         
-
                         
-
                         
-
                         
48,315.11
               
15,702.28
               
32,612.83
               
-
                         
442.41
                    
427,655.64
             
(427,213.23)
           
12,925.26
               
12,925.26
               
63,957.74
               
28,540.64
               
92,498.38
               
1,730.43
                 
640,429.60
             
(638,699.17)
           
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
-
                         
Total
1,133,062.07
          
1,380,559.99
          
1,104,606.11
          
1,409,015.95
          
* Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED  CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2024.
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, 2024.
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@roosevelt.nj.us
CFO
CASH RECONCILIATION  DECEMBER  31, 2024
Cash
Sheet  9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Culture
General Capital
Trust - Payroll
UTILITIES:
Water-Sewer Operating Fund
Water-Sewer Capital Fund


CURRENT FUND
PROVIDENT BANK
1,193,799.83
      
PROVIDENT BANK
92,191.51
          
ANIMAL CONTROL FUND
PROVIDENT BANK
2,614.80
            
OTHER TRUST
PROVIDENT BANK
48,315.11
          
PROVIDENT BANK
12,925.26
          
GENERAL CAPITAL FUND
PROVIDENT BANK
442.41
               
WATER-SEWER UTILITY OPERATING FUND
PROVIDENT BANK
28,540.64
          
WATER-SEWER UTILITY CAPITAL FUND
PROVIDENT BANK
1,730.43
            
PAGE TOTAL
1,380,559.99
      
Sheet  9a
LIST  BANKS  AND  AMOUNTS  SUPPORTING  "CASH  ON  DEPOSIT"
CASH  RECONCILIATION  DECEMBER 31, 2024 (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
1,380,559.99
      
TOTAL PAGE
1,380,559.99
      
CASH  RECONCILIATION  DECEMBER 31, 2024 (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


2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
Clean Communites Grant
-
                       
4,000.00
              
4,000.00
              
-
                       
-
                       
-
                       
Recreational Trails Grant
1,195.15
              
1,195.15
              
-
                       
-
                       
Recycling Tonnage Grant
-
                       
1,144.50
              
1,144.50
              
-
                       
-
                       
-
                       
Municipal Court Alcohol Education and Rehabilitation Fund
-
                       
245.17
                 
245.17
                 
-
                       
-
                       
-
                       
Sustainable Jersey Small Grant
-
                       
-
                       
-
                       
-
                       
Fund for Roosevelt-Amphitheatre
100.00
                 
4,700.00
              
4,700.00
              
100.00
                 
-
                       
-
                       
Stormwater Assistance Grant
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
1,295.15
              
10,089.67
            
10,089.67
            
-
                       
-
                       
1,295.15
              
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE
Sheet  10
Grant


2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
PREVIOUS PAGE TOTALS
1,295.15
              
10,089.67
            
10,089.67
            
-
                       
-
                       
1,295.15
              
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
1,295.15
              
10,089.67
            
10,089.67
            
-
                       
-
                       
1,295.15
              
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE (cont'd)
Sheet  
10.1
Grant


2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
PREVIOUS PAGE TOTALS
1,295.15
              
10,089.67
            
10,089.67
            
-
                       
-
                       
1,295.15
              
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
1,295.15
              
10,089.67
            
10,089.67
            
-
                       
-
                       
1,295.15
              
MUNICIPALITIES  AND  COUNTIES
FEDERAL  AND  STATE  GRANTS  RECEIVABLE (cont'd)
Grant
Sheet  10 
Totals


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
Recycling Tonnage Grant
13,566.86
            
1,144.50
              
400.00
                 
15.50
                   
14,326.86
            
-
                       
-
                       
Municipal Court Alcohol Education and
-
                       
-
                       
  Rehabilitation Fund
494.01
                 
245.17
                 
739.18
                 
-
                       
-
                       
Clean Communities Grant
1,272.50
              
4,000.00
              
4,300.00
              
972.50
                 
-
                       
-
                       
Sustainable Jersey Small Grant
48.02
                   
48.02
                   
-
                       
-
                       
Fund for Roosevelt-Amphitheatre
100.00
                 
4,700.00
              
4,800.00
              
-
                       
-
                       
Fund for Roosevelt - Environmental Inventory
336.50
                 
336.50
                 
-
                       
-
                       
JIF Safety Grant
250.00
                 
250.00
                 
-
                       
-
                       
Recreational Trails Grant
1,039.38
              
1,039.38
              
-
                       
-
                       
Stormwater Assistance Grant
16,500.00
            
10,706.25
            
5,793.75
              
-
                       
-
                       
PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
15,406.25
            
15.50
                   
-
                      
28,306.19
            
Sheet  
11
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Grant
Transferred from 2024
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
15,406.25
            
15.50
                   
-
                      
28,306.19
            
-
                    
-
                       
NJUCF STEWARSHIP GRANT (UCF- 2021-044)
-
                    
8,500.00
           
8,500.00
           
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
-
                    
-
                       
PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
23,906.25
            
8,515.50
              
-
                      
28,306.19
            
Sheet  
11.1
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2024
Grant
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
23,906.25
            
8,515.50
              
-
                      
28,306.19
            
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
23,906.25
            
8,515.50
              
-
                      
28,306.19
            
Sheet  
11.2
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2024
Grant
Budget Appropriations


Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
23,906.25
            
8,515.50
              
-
                      
28,306.19
            
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
33,607.27
            
5,389.67
              
4,700.00
              
23,906.25
            
8,515.50
              
-
                      
28,306.19
            
Sheet  11 
Totals
SCHEDULE  OF  APPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2024
Grant
Budget Appropriations


Balance
Received
Other
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
American Rescue Plan
87,502.91
            
87,502.91
            
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
-
                       
 TOTALS
87,502.91
            
-
                       
-
                       
-
                       
-
                       
87,502.91
            
Sheet  12 
Totals
SCHEDULE  OF  UNAPPROPRIATED  RESERVES  FOR
FEDERAL  AND  STATE  GRANTS
Transferred from 2024
Grant
Budget Appropriations


Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
462,114.50
            
School Tax Deferred
(Not in excess of  50% of Levy - 2023 - 2024)
xxxxxxxxxxx
491,850.50
            
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
1,908,627.00
         
Levy Calendar Year 2024
xxxxxxxxxxx
Paid
1,908,624.00
         
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
462,117.50
            
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
491,850.50
            
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
2,862,592.00
         
2,862,592.00
         
Board of Education for use of local schools.
# Must include unpaid requisitions.
Sheet  13
*LOCAL  DISTRICT  SCHOOL  TAX


Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of  50% of Levy - 2023 - 2024)
xxxxxxxxxxx
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
Levy Calendar Year 2024
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
                         
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
xxxxxxxxxx
# Must include unpaid requisitions.
-
                         
-
                         
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of  50% of Levy - 2023 - 2024)
xxxxxxxxxxx
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
Levy Calendar Year 2024
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
                         
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
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, 2024
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
286.60
                   
2024 Levy:
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
205,129.60
            
County Library
xxxxxxxxxxx
13,954.34
              
County Health
xxxxxxxxxxx
3,854.04
                
County Open Space Preservation
xxxxxxxxxxx
30,185.44
              
Due County for Added and Omitted Taxes
xxxxxxxxxxx
1,157.36
                
Paid
253,410.01
            
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
1,157.37
                
xxxxxxxxxx
254,567.38
            
254,567.38
            
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
2024 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 2024 Levy
xxxxxxxxxxx
-
                         
Paid
xxxxxxxxxx
Balance - December 31, 2024
-
                         
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
397,160.00
         
397,160.00
         
-
                     
Surplus Anticipated with Prior Written Consent of
Director of Local Government Services
-
                     
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
88,214.67
           
88,214.67
           
-
                     
Added by N.J.S.A. 40A:4-87 (List on 17a)
4,700.00
             
4,700.00
             
-
                     
-
                     
-
                     
Total Miscellaneous Revenue Anticipated
92,914.67
           
92,914.67
           
-
                     
Receipts from Delinquent Taxes
30,000.00
           
64,262.03
           
34,262.03
           
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a)  Local Tax for Municipal Purposes
917,238.00
         
xxxxxxxxx
xxxxxxxxx
(b)  Addition to Local District School Tax
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
917,238.00
         
1,063,697.27
      
146,459.27
         
1,437,312.67
      
1,618,033.97
      
180,721.30
         
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
xxxxxxxxx
3,006,605.05
      
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
1,908,627.00
      
xxxxxxxxx
Regional School Tax
-
                     
xxxxxxxxx
Regional High School Tax
-
                     
xxxxxxxxx
County Taxes
253,123.42
         
xxxxxxxxx
Due County for Added and Omitted Taxes
1,157.36
             
xxxxxxxxx
Special District Taxes
-
                     
xxxxxxxxx
Municipal Open Space Tax
xxxxxxxxx
Municipal Arts and Culture Tax
xxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxx
220,000.00
         
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxx
-
                     
Balance for Support of Municipal Budget (or)
1,063,697.27
      
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxx
3,226,605.05
      
3,226,605.05
      
Source
STATEMENT OF GENERAL BUDGET REVENUES 2024
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
FUND FOR RESOOVELT
4,700.00
             
4,700.00
             
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
PAGE TOTALS
4,700.00
             
4,700.00
             
-
                           
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 2024
(Continued)
Miscellaneous  Revenues  Anticipated: Added By N.J.S.A. 40A:4-87
Source
cfo@rooseveltnj.us


Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
4,700.00
                
4,700.00
                
-
                              
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
-
                      
-
                           
 TOTALS
4,700.00
             
4,700.00
             
-
                           
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 2024
(Continued)
Miscellaneous  Revenues  Anticipated: Added By N.J.S.A. 40A:4-87
Source


2024 Budget As Adopted
1,432,612.67
      
2024 Budget - Added by N.J.S.A. 40A:4-87
4,700.00
             
Appropriated for 2024 (Budget Statement Item 9)
1,437,312.67
      
Appropriated for 2024 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
1,437,312.67
      
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
1,437,312.67
      
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
1,033,624.19
      
Paid or Charged - Reserve for Uncollected Taxes
220,000.00
         
Reserved
183,687.67
         
Total Expenditures
1,437,311.86
      
Unexpended Balances Canceled (see footnote)
0.81
                    
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".
2024 Authorizations
N.J.S.A. 40A:4-46 (After adoption of Budget)
N.J.S.A. 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 2024
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
34,262.03
           
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
146,459.27
         
Unexpended Balances of 2024 Budget Appropriations
xxxxxxxxx
0.81
                    
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
101,586.04
         
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 2023 Appropriation Reserves
xxxxxxxxx
122,619.10
         
Prior Years Interfunds Returned in 2024
xxxxxxxxx
WATER/SEWER OPERATING FUND
88,361.03
           
ANIMAL CONTROL FUND
1,038.60
             
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2024
491,850.50
         
xxxxxxxxx
Balance - December 31, 2024
xxxxxxxxx
491,850.50
         
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
-
                     
xxxxxxxxx
Delinquent Tax Collections
-
                     
xxxxxxxxx
OFFSET TO COVER BALANCES FROM PRIOR CFO
8,010.13
             
xxxxxxxxx
Required Collection on Current Taxes
-
                     
xxxxxxxxx
Interfund Advances Originating in 2024
xxxxxxxxx
WATER/SEWER OPERATING FUND
257,441.77
         
ANIMAL CONTROL FUND
1,038.60
             
PAYROLL TRUST FUND
3,231.46
             
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
-
                     
Surplus Balance - To Surplus (Sheet 21)
224,604.92
         
xxxxxxxxx
986,177.38
         
986,177.38
         
Sheet  19
 RESULTS OF 2024 OPERATIONS
CURRENT  FUND
-
                     
xxxxxxxxx


Amount Realized
PREVIOUS PAGE TOTALS
-
                     
Interest on Investments and Deposits
65,328.29
           
Interest on Delinquent Taxes
16,207.64
           
Cable TV Franchise Fees
9,712.01
             
Rental Property License Fee
1,900.00
             
Municipal Court Fines and Fees
3,963.10
             
Senior Citizens / Veterans Administrative Fee
Copies
5.00
                    
Planning and Zoning Fees
2,705.00
             
Marriage License Local Fee
15.00
                  
Certificate of Occupancy Inspections
1,430.00
             
Forfeit Room Renting deposit
Sale of Surplus Property
Retuned check fees
20.00
                  
Vacant Property Fee
Prior Year Refunds
Miscellaneous
300.00
                
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
101,586.04
         
SCHEDULE  OF  MISCELLANEOUS  REVENUES
NOT  ANTICIPATED
Source
Sheet  20 Totals


Debit
Credit
1.
Balance - January 1, 2024
xxxxxxxxx
764,090.43
         
2.
xxxxxxxxx
3.
Excess Resulting from 2024 Operations
xxxxxxxxx
224,604.92
         
4.
Amount Appropriated in the 2024 Budget - Cash
397,160.00
         
xxxxxxxxx
5.
Amount Appropriated in 2024 Budget - with Prior
Written Consent of Director of Local Government Services
-
                     
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2024
591,535.35
         
xxxxxxxxx
988,695.35
         
988,695.35
         
Cash
2,334,301.68
      
Investments
Sub Total
2,334,301.68
      
Deduct Cash Liabilities Marked with "C" on Trial Balance
1,743,266.33
      
Cash Surplus
591,035.35
         
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
500.00
                
Deferred Charges #
Cash Deficit #
Total Other Assets
500.00
                
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
591,535.35
         
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2025 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under  N.J.S.A. 40A:4-55 (Tax Map, etc.), N.J.S.A. 40A:4-55 (Flood Damage, etc.), N.J.S
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S.A. 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 2024
ANALYSIS OF BALANCE AS  AT  DECEMBER  31, 2024
(FROM  CURRENT  FUND  -  TRIAL  BALANCE)


1.
Amount of Levy as per Duplicate (Analysis) #
$
3,076,677.10
         
or
(Abstract of Ratables)
$
2.
Amount of Levy - Special District Taxes
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
16,402.57
              
5a. Subtotal 2024 Levy
$
3,093,079.67
         
5b. Reductions Due to Tax Appeals**
$
5c. Total 2024 Tax Levy
$
3,093,079.67
         
6.
Transferred to Tax Title Liens
$
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
(3,383.38)
               
9.
Discount Allowed
$
10. Collected in Cash:  In 2023
$
20,829.11
              
In 2024*
$
2,982,275.94
         
Homestead Benefit Credit
$
State's Share of 2024 Senior Citizens
and Veterans Deductions Allowed
$
3,500.00
                
Total To Line 14
$
3,006,605.05
         
11. Total Credits
$
3,003,221.67
         
12. Amount Outstanding December 31, 2024
$
89,858.00
              
13. Percentage of Cash Collections to Total 2024 Levy,
(Item 10 divided by Item 5c) is
97.20%
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
$
3,006,605.05
         
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
3,006,605.05
         
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 2024 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 - 2024 LEVY
Sheet  22


(1) Utilizing  Accelerated  Tax  Sale
Total of Line 10 Collected in Cash (sheet 22)
$
3,006,605.05
         
LESS : Proceeds from  Accelerated  Tax  Sale
Net Cash Collected
$
3,006,605.05
         
Line 5c (sheet 22) Total 2024 Tax Levy
$
3,093,079.67
         
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
97.20%
(2) Utilizing  Tax  Levy  Sale
Total of Line 10 Collected in Cash (sheet 22)
$
3,006,605.05
         
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
3,006,605.05
         
Line 5c (sheet 22) Total 2024 Tax Levy
$
3,093,079.67
         
Percentage of Collection Excluding  Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
97.20%
Sheet  22a
ACCELERATED  TAX  SALE  /  TAX  LEVY  SALE  -  CHAPTER  99
To Calculate Underlying Tax Collection Rate for 2024
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, 2024
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
500.00
                   
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Senior Citizens Deductions Per Tax Billings
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
3,500.00
                
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
xxxxxxxxx
5.
Deductions Allowed By Tax Collector - Prior Year Taxes (2023)
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
8.
Deductions Disallowed By Tax Collector - Prior Year Taxes (2023)
xxxxxxxxx
9.
Received in Cash from State
xxxxxxxxx
3,500.00
                
10.
11.
12. Balance - December 31, 2024
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
500.00
                   
Due To State of New Jersey
-
                         
xxxxxxxxx
4,000.00
                
4,000.00
                
Calculation of Amount to be included on Sheet 22, Item 10 -
2024 Senior Citizens and Veterans Deductions Allowed
Line  2
-
                                   
Line  3
3,500.00
                          
Line  4
-
                                   
Sub - Total
3,500.00
                          
Less: Line  7
-
                                   
To Item 10, Sheet 22
3,500.00
                          
SCHEDULE  OF  DUE  FROM / TO  STATE  OF  NEW  JERSEY
FOR  SENIOR  CITIZENS  AND  VETERANS  DEDUCTIONS
Sheet  23


Debit
Credit
Balance - January 1, 2024
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, 2024
-
                         
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, 2024
2/10/2025
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 2024 Taxes Collected which are 
Pending State Appeal (Item 14, Sheet 22)
taxcollector@rooseveltnj.us
183


1. Balance - January 1, 2024
64,262.03
          
xxxxxxxxx
A. Taxes
64,262.03
           
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
64,262.03
          
8.
Totals
64,262.03
          
64,262.03
          
9. Balance Brought Down
64,262.03
          
xxxxxxxxx
10. Collected:
xxxxxxxxx
64,262.03
          
A. Taxes
64,262.03
           
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2024 Tax Sale
xxxxxxxxx
12. 2024 Taxes Transferred to Liens
xxxxxxxxx
13. 2024 Taxes
89,858.00
          
xxxxxxxxx
14. Balance - December 31, 2024
xxxxxxxxx
89,858.00
          
A. Taxes
89,858.00
           
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
-
                      
xxxxxxxxx
xxxxxxxxx
15.
Totals
154,120.03
        
154,120.03
        
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
89,858.00
           
and represents the
maximum amount that may be anticipated in 2025.
(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, 2024
181,700.00
            
xxxxxxxxx
2. Foreclosed or Deeded in 2024
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, 2024
xxxxxxxxx
181,700.00
            
181,700.00
            
181,700.00
            
Debit
Credit
15. Balance - January 1, 2024
xxxxxxxxx
16. 2024 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2024
xxxxxxxxx
-
                         
-
                         
-
                         
Debit
Credit
20. Balance - January 1, 2024
xxxxxxxxx
21. 2024 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2024
xxxxxxxxx
-
                         
-
                         
-
                         
Analysis of Sale of Property:
$
-
                         
*Total Cash Collected in 2024
Realized in 2024 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, 2023
Amount in
Amount
Balance
per Audit
2024
Resulting from
as at
Report
Budget
2024
Dec. 31, 2024
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 2024
1.
$
2.
$
3.
$
4.
$
Sheet  28
JUDGMENTS  ENTERED  AGAINST  MUNICIPALITY  AND  NOT  SATISFIED
On Account of
In Favor 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, 2023
By 2024
Canceled
Dec. 31, 2024
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, 2024' must be entered here and then raised in the 2025 budget.
REDUCED IN
Sheet  29
Date
Purpose
Chief Financial Officer
2024


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, 2023
By 2024
Canceled
Dec. 31, 2024
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.A. 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, 2024' must be entered here and then raised in the 2025 budget.
REDUCED IN
Sheet  30
Date
Purpose
Chief Financial Officer
2024


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
10,000.00
              
Outstanding - December 31, 2024
45,000.00
              
55,000.00
              
2025 Bond Maturities - General Capital Bonds
$
2025 Interest on Bonds*
$
1,050.00
              
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Bond Maturities - Assessment Bonds
$
2025 Interest on Bonds*
$
Total "Interest on Bonds - Debt Service" (*Items)
$
2025 Maturity
Interest  
Rate
Total
-
                         
SCHEDULE  OF  BONDS  ISSUED  AND  OUTSTANDING
 AND 2025 DEBT  SERVICE  FOR  BONDS
GENERAL  CAPITAL  BONDS
2025  Debt Service
Credit
55,000.00
                
15,000.00
              
xxxxxxxxx
1,050.00
                
xxxxxxxxx
-
                          
xxxxxxxxx
xxxxxxxxx
55,000.00
                
ASSESSMENT  SERIAL  BONDS
Sheet  31
LIST  OF  BONDS  ISSUED  DURING  2024
-
                          
Date  of     
Issue
Purpose
Amount Issued


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
2025 Maturity
Interest  
Rate
Total
-
                         
-
                        
Sheet  31a
LIST  OF  LOANS  ISSUED  DURING  2024
-
                          
Date  of     
Issue
Amount Issued
 LOAN
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2025  DEBT  SERVICE  FOR  LOANS
 LOAN
2025  Debt Service
Credit
xxxxxxxxx
xxxxxxxxx
Purpose
-
                        
-
                          
xxxxxxxxx
-
                          
xxxxxxxxx


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
2025 Maturity
Interest  
Rate
Total
-
                         
-
                          
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2025  DEBT  SERVICE  FOR  LOANS
 LOAN
Credit
2025  Debt Service
xxxxxxxxx
xxxxxxxxx
-
                        
 LOAN
xxxxxxxxx
xxxxxxxxx
-
                          
-
                        
LIST  OF  LOANS  ISSUED  DURING  2024
Purpose
Amount Issued
Date  of     
Issue
Sheet  31a.1
-
                          


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans 
$
Total 2025 Debt Service for  Loan
$
2025 Maturity
Interest  
Rate
Total
-
                         
-
                          
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND 2025  DEBT  SERVICE  FOR  LOANS
 LOAN
Credit
2025  Debt Service
xxxxxxxxx
xxxxxxxxx
-
                        
 LOAN
xxxxxxxxx
xxxxxxxxx
-
                          
-
                        
LIST  OF  LOANS  ISSUED  DURING  2024
Purpose
Amount Issued
Date  of     
Issue
Sheet  31a.2
-
                          


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Bond Maturities - Term Bonds
$
2025 Interest on Bonds
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Interest on Bonds
$
2025 Bond Maturities - Term Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2025 Maturity      
-01
Interest  
Rate
Total
-
                         
Outstanding
Dec. 31, 2024
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
2025 Interest
Sheet  32
Requirement
xxxxxxxxx
2025  INTEREST  REQUIREMENT  -  CURRENT  FUND  DEBT  ONLY
Purpose
Date  of     
Issue
xxxxxxxxx
Amount Issued      
-02
-
                          
xxxxxxxxx
LIST  OF  BONDS  ISSUED  DURING  2024
-
                          
-
                        
TYPE  I  SCHOOL  SERIAL  BONDS
-
                          
xxxxxxxxx
SCHEDULE  OF  BONDS  ISSUED  AND  OUTSTANDING
 AND 2025 DEBT  SERVICE  FOR  BONDS
TYPE  I  SCHOOL  TERM  BONDS
2025  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, 2024
280,000.00
          
12/23/2020
231,300.00
          
03/14/25
4.2500%
14,800.00
             
4,915.13
               
03/14/25
125,000.00
          
9/23/2021
116,700.00
          
03/14/25
4.2500%
4,400.00
               
2,479.88
               
03/14/25
100,000.00
          
9/23/2022
100,000.00
          
03/14/25
4.2500%
2,600.00
               
2,125.00
               
03/14/25
200,000.00
          
9/23/2022
200,000.00
          
03/14/25
4.2500%
5,200.00
               
4,250.00
               
03/14/25
350,000.00
          
9/23/2022
350,000.00
          
03/14/25
4.2500%
9,000.00
               
7,437.50
               
03/14/25
200,000.00
          
9/22/2023
200,000.00
          
03/14/25
4.2500%
4,250.00
               
03/14/25
Page Totals    
1,255,000.00
       
1,198,000.00
       
36,000.00
             
25,457.50
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 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 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 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
2025 Budget Requirements
2018-005 Road Improvements to Homestead
 Lane and Cedar Court
2019-003 Nurko Road, Elm Court & Parking
  Lot Improvements
2020-05 Farm Lane & School Lane Improvements
2022-02 Pine Drive Improvements
2022-05 Tamara Drive Improvements
2023-06 North Valley Road Improvements


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, 2024
PREVIOUS PAGE TOTALS
1,255,000.00
       
1,198,000.00
       
36,000.00
             
25,457.50
             
PAGE TOTALS    
1,255,000.00
       
1,198,000.00
       
36,000.00
             
25,457.50
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 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 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 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)
2025 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, 2024
PREVIOUS PAGE TOTALS
1,255,000.00
       
1,198,000.00
       
36,000.00
             
25,457.50
             
PAGE TOTALS    
1,255,000.00
       
1,198,000.00
       
36,000.00
             
25,457.50
             
Memo: Designate all "Capital Notes" issued under N.J.S.A. 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 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 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)
2025 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, 2024
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 2022 or prior must be appropriated in full in the 2025 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
2025 Budget Requirements


Amount
Lease Obligation Outstanding
Dec. 31, 2024
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
2025 Budget Requirements


2024
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
              
2018-005 Improvements to Homestead Lane and
  Cedar Court
-
                       
155,357.19
          
618.00
                 
154,739.19
          
2019-003 Improvements to Nurko Lane, Elm Court
  and Parking Lot Improvements
-
                       
188,691.03
          
206.00
                 
188,485.03
          
2020-05 Farm Lane and School Lane Improvements
-
                       
87,807.29
            
165.00
                 
87,642.29
            
-
                       
2022-02  Improvements to Pine
-
                       
 Drive (DOT Grant 180,000)
-
                       
168,015.87
          
197,728.75
          
199,638.75
          
166,105.87
          
-
                       
2022-05 Improvements to Tamara 
  Drive(DOT Grant 173,700)
-
                       
522,317.28
          
44,166.00
            
473,281.51
          
93,201.77
            
Page Total    
28,195.77
            
1,184,438.66
       
-
                       
241,894.75
          
673,909.26
          
-
                       
28,195.77
            
752,424.15
          
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, 2024
Balance - December 31, 2024


2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
28,195.77
            
1,184,438.66
       
-
                       
241,894.75
          
673,909.26
          
-
                       
28,195.77
            
752,424.15
          
2023-06 Improvements to North Valley 
  Road(DOT Grant 219,420)
170,394.80
          
238,000.00
          
50,528.50
            
52,380.58
            
168,542.72
          
238,000.00
          
PAGE TOTALS
198,590.57
          
1,422,438.66
       
-
                       
292,423.25
          
726,289.84
          
-
                       
196,738.49
          
990,424.15
          
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, 2024
Balance - December 31, 2024


2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
198,590.57
          
1,422,438.66
       
-
                       
292,423.25
          
726,289.84
          
-
                       
196,738.49
          
990,424.15
          
PAGE TOTALS
198,590.57
          
1,422,438.66
       
-
                       
292,423.25
          
726,289.84
          
-
                       
196,738.49
          
990,424.15
          
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, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
198,590.57
          
1,422,438.66
       
-
                       
292,423.25
          
726,289.84
          
-
                       
196,738.49
          
990,424.15
          
GRAND TOTALS
198,590.57
          
1,422,438.66
       
-
                       
292,423.25
          
726,289.84
          
-
                       
196,738.49
          
990,424.15
          
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, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
58,023.15
              
Received from 2024 Budget Appropriation*
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements  -  Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
58,023.15
              
xxxxxxxxx
58,023.15
              
58,023.15
              
*The full amount of the 2024 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, 2024
xxxxxxxxx
Received from 2024 Budget Appropriation*
xxxxxxxxx
Received from 2024 Emergency Appropriation*
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
-
                         
xxxxxxxxx
-
                         
-
                         
*The full amount of the 2024 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Amount
Total
Down Payment
Additional Funding
Appropriated
Obligations
Provided by
Sources
Authorized
Ordinance
Total
-
                         
-
                         
-
                         
-
                         
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  2024
AND  DOWN  PAYMENTS  (N.J.S.A. 40A:2-11)
Purpose


Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
1,884.63
                
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2024 Budget Revenue
xxxxxxxxx
Balance - December 31, 2024
1,884.63
                
xxxxxxxxx
1,884.63
                
1,884.63
                
GENERAL  CAPITAL  FUND
STATEMENT  OF  CAPITAL  SURPLUS
Sheet  38
YEAR  -  2024


A.
1.
Total Tax Levy for Year 2024 was
$
2.
Amount of Item 1 Collected in 2024 (*)
$
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 2024?
Y
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2024?
Y
  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 Calendar Year 2025 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?
N
D.
1.
Cash Deficit 2023
$
2.
4% of 2023 Tax Levy for all purposes:
Levy --
$ 
=
$
3.
Cash Deficit 2024
$
4.
4% of 2024 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)
462,117.50
               
1,443.97
                
123,723.19
            
2,997,517.86
        
3,093,079.67
        
-
                        
286.60
                    
3,093,079.67
            
2,165,155.77
            
3,006,605.05
            
Answer  YES  or  NO
Answer  YES  or  NO
Unpaid
Total
2024
-
                        
Answer  YES  or  NO
Sheet  39
119,900.71
            
2023
462,114.50
             
924,232.00
            
1,157.37
                   
-
                        
-
                        
-
                            


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 Year 2024, please observe
instructions of Sheet 2.
UTILITIES  ONLY
Sheet  40


Debit
Credit
Cash
92,498.38
              
Investments
Due from - Water/Sewer Capital Fund
560,944.91
            
Due from - Other Trust Fund
10,200.00
              
Receivables Offset with Reserves:
Consumer Accounts Receivable
74,854.62
              
Liens Receivable
-
                         
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
30,325.88
              
Encumbrances Payable
53,440.15
              
Accrued Interest on Bonds and Notes
18,285.45
              
Due  to - Current Fund
257,441.77
            
Prepaid Rents
1,488.00
                
Overpayments
Subtotal - Cash Liabilities
360,981.25
            
"C"
Reserve for Consumer Accounts and Lien Receivable
74,854.62
              
Fund Balance
304,718.73
            
Total      
738,497.91
            
740,554.60
            
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
RIAL  BALANCE - WATER-SEWER OPERATING  UTILITY  FUN
AS  AT  DECEMBER  31, 2024
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
2,832,612.00
      
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
2,832,612.00
      
CASH
638,699.17
         
DUE FROM CURRENT FUND
94,263.15
           
FIXED CAPITAL:
COMPLETED
5,440,147.35
      
AUTHORIZED AND UNCOMPLETED
4,777,100.00
      
DUE TO:
GENERAL CAPITAL
16,650.00
           
WATER-SEWER OPERATING
LOANS AND GRANTS RECEIVABLE
27,225.00
           
 
 
 
 
 
 
 
PAGE TOTALS
13,171,347.50
    
3,487,961.17
      
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
L  BALANCE - WATER-SEWER OPERATING  UTILITY  FUND (co
AS  AT  DECEMBER  31, 2024
Section in the same manner as set forth in General Capital Fund on Sheet 8


Debit
Credit
PREVIOUS PAGE TOTALS
13,171,347.50
    
3,487,961.17
      
BONDS PAYABLE
830,000.00
         
LOANS PAYABLE
799,406.75
         
CAPITAL LEASES PAYABLE
-
                     
BOND ANTICIPATION NOTES
923,750.00
         
IMPROVEMENT AUTHORIZATIONS:
 
FUNDED
1,300.00
             
UNFUNDED
981,945.11
         
CONTRACTS PAYABLE
ENCUMBRANCES
241,187.95
         
DUE TO WATER-SEWER OPERATING OPERATING
560,944.91
         
RESERVE FOR AMORTIZATION
4,661,425.59
      
RESERVE FOR DEFERRED AMORTIZATION
397,864.04
         
RESERVE FOR DEBT SERVICE
9,485.09
             
I BANK RESERVE
225,267.97
         
 
 
 
 
DOWN PAYMENTS ON IMPROVEMENTS
-
                     
CAPITAL IMPROVEMENT FUND
44,000.00
           
CAPITAL FUND BALANCE
6,808.92
             
TOTALS
13,171,347.50
    
13,171,347.50
    
(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
L  BALANCE - WATER-SEWER OPERATING  UTILITY  FUND (co
AS  AT  DECEMBER  31, 2024


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, 2024
Title of Account
(Do not crowd - add additional sheets)


Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2023
Assessments
Operating
Disbursements
Dec. 31, 2024
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 OPERATING UTILITY  ASSESSMENT  TRUST  CASH  AND  INVESTMENTS
PLEDGED  TO  LIABILITIES  AND  SURPLUS
RECEIPTS
Sheet  43


Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
148,294.00
            
148,294.00
            
-
                         
Operating Surplus Anticipated with Consent of
Director of Local Government
-
                         
RENTS
716,000.00
            
747,767.88
            
31,767.88
              
MISCELLANEOUS (CELL TOWER FEES)
138,000.00
            
155,935.49
            
17,935.49
              
MISCELLANEOUS (OTHER)
-
                         
INTEREST ON DELIQUENT ACCOUNTS
6,600.00
                
9,718.77
                
3,118.77
                
-
                         
Reserve for Debt Service
-
                         
Capital Fund Balance
Added by N.J.S.A.  40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
                         
-
                         
Subtotal
1,008,894.00
         
1,061,716.14
         
52,822.14
              
Deficit (General Budget) **
-
                         
1,008,894.00
         
1,061,716.14
         
52,822.14
              
** 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
1,008,894.00
         
Added by N.J.S.A. 40A:4-87
Emergency
Total Appropriations
1,008,894.00
         
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
1,008,894.00
         
Deduct  Expenditures:
Paid or Charged
975,778.61
            
Reserved
30,325.88
              
Surplus (General Budget)**
Total Expenditures
1,006,104.49
         
Unexpended Balance Canceled (See Footnote)
2,789.51
                
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
HEDULE OF WATER-SEWER OPERATING UTILITY BUDGET  -  
Sheet  44
BUDGET  REVENUES
STATEMENT  OF  BUDGET  APPROPRIATIONS


NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2024 Water-Sewer Operating Utility Budget cont
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)")
1,061,716.14
         
Miscellaneous Revenue Not Anticipated
4,933.53
                
2023 Appropriation Reserves Canceled in 2024
89,357.58
              
Total Revenue Realized
1,156,007.25
         
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
975,778.61
            
Reserved
30,325.88
              
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
1,006,104.49
         
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
1,006,104.49
         
Excess
149,902.76
            
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2024 Operation
("Excess in Operations" - Sheet 46)
149,902.76
            
Deficit
-
                         
Anticipated Revenue - Deficit (General Budget)**
-
                         
Balance of Results of 2024 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
                         
SECTION 2:
The following Item of '2023 Appropriation Reserves Canceled in 2024' is Due to the Current
fund TO THE EXTENT OF the amount received and Due from the General Budget of 2023 for an
Anticipated Deficit in the Water-Sewer Operating Utility for 2023
2023 Appropriation Reserves Canceled in 2024
89,357.58
              
Less:
* Excess (Revenue Realized)
89,357.58
              
** Items must be shown in same amounts on Sheet 44.
Sheet  45
Anticipated Deficit in 2023 Budget - Amount Received and Due 
from Current Fund - If none, enter 'None '
STATEMENT  OF  2024  OPERATION
WATER-SEWER OPERATING UTILITY
Remainder =
Remainder =


Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
52,822.14
              
Unexpended Balances of Appropriations
xxxxxxxxx
2,789.51
                
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
4,933.53
                
Unexpended Balances of 2023 Appropriation Reserves*
xxxxxxxxx
89,357.58
              
Deficit in Anticipated Revenues
-
                         
xxxxxxxxx
PRIOR YEAR ADJUSTMENT (CANCELLED INTEREST)
567.32
                   
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
                         
Excess in Operations - to Operating Surplus
149,335.44
            
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
149,902.76
            
149,902.76
            
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
303,677.29
            
Excess in Results of 2024 Operations
xxxxxxxxx
149,335.44
            
Amount Appropriated in the 2024 Budget - Cash
148,294.00
            
xxxxxxxxx
Amount Appropriated in 2024 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2024
304,718.73
            
xxxxxxxxx
453,012.73
            
453,012.73
            
Cash
92,498.38
              
Investments
Interfund Accounts Receivable
571,144.91
            
Subtotal
663,643.29
            
Deduct Cash Liabilities Marked with "C" on Trial Balance
360,981.25
            
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
302,662.04
            
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
                         
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2024 BUDGET.
302,662.04
            
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
SULTS  OF  2024  OPERATIONS  - WATER-SEWER OPERATING UTILI
Deferred Charges #
Sheet  46
PERATING  SURPLUS  - WATER-SEWER OPERATING UTILIT
ANALYSIS  OF  BALANCE  DECEMBER 31, 2024
(FROM WATER-SEWER OPERATING UTILITY  -  TRIAL  BALANCE)
xxxxxxxxx


Balance December 31, 2023
$
87,868.14
              
Increased by:
Rents Levied
$
747,706.00
            
Decreased by:
Collections
$
747,767.88
            
Overpayments applied
$
(740.56)
                  
Transfer to Liens
$
Other
$
13,692.20
              
$
760,719.52
            
Balance December 31, 2024
$
74,854.62
              
Balance December 31, 2023
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
                         
Decreased by:
Collections
$
Other
$
$
-
                         
Balance December 31, 2024
$
-
                         
HEDULE  OF WATER-SEWER OPERATING  UTILITY  ACCOUNTS  RECEIVA
SCHEDULE  OF WATER-SEWER OPERATING UTILITY  LIENS
Sheet  47


Amount
Dec. 31, 2023
Amount in
Amount
Balance
per Audit
2024
Resulting
as at
Report
Budget
2024
Dec. 31, 2024
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
2024
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.A.  40A:4-47  WHICH  HAVE  BEEN
FUNDED  OR REFUNDED  UNDER  N.J.SA.. 40A:2-3  OR  N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY  CHARGES  ONLY -
WATER-SEWER OPERATING UTILITY  FUND
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55, listed on Sheet 29)
Caused By


Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2023
By 2024
Canceled
Dec. 31, 2024
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  2024
Sheet  48a
Date


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Bond Maturities - Assessment Bonds
$
2025 Interest on Bonds
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
125,000.00
            
Outstanding - December 31, 2024
830,000.00
            
955,000.00
            
2025 Bond Maturities - Capital Bonds
$
2025 Interest on Bonds
$
31,850.00
            
 
2025 Interest on Bonds (*Items)
$
31,850.00
            
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
3,087.50
              
Subtotal
$
28,762.50
            
Add: Interest to be Accrued as of 12/31/2025
$
2,654.17
              
Required Appropriation 2025
$
2025 Maturity
Interest  
Rate
-
                         
Sheet  49
-
                          
Purpose
955,000.00
              
Date  of     
Issue
Amount Issued
LIST  OF  BONDS  ISSUED  DURING  2024
xxxxxxxxx
SCHEDULE  OF  BONDS  ISSUED  AND  OUTSTANDING
 AND  2025  DEBT  SERVICE  FOR  BONDS
WATER-SEWER OPERATING  UTILITY  ASSESSMENT  BONDS
2025  Debt Service
Credit
xxxxxxxxx
xxxxxxxxx
955,000.00
              
xxxxxxxxx
-
                          
WATER-SEWER OPERATING  UTILITY  CAPITAL  BONDS
INTEREST  ON  BONDS  -  WATER-SEWER OPERATING  UTILITY  BUDGET
31,416.67
              
125,000.00
            


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
81,709.33
              
Outstanding - December 31, 2024
799,406.75
            
881,116.08
            
2025 Loan Maturities
$
2025 Interest on Loans
$
10,517.56
            
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
10,517.56
            
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
3,685.84
              
Subtotal
$
6,831.72
              
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest  
Rate
-
                         
Sheet  49a
881,116.08
              
881,116.08
              
Purpose
80,983.45
              
-
                          
Date  of     
Issue
Amount Issued
LIST  OF  LOANS  ISSUED  DURING  2024
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND  2025  DEBT  SERVICE  FOR  LOANS
WATER-SEWER OPERATING UTILITY I BANK  LOAN
2025  Debt Service
Credit
-
                          
WATER-SEWER OPERATING UTILITY  LOAN
INTEREST  ON  LOANS  - WATER-SEWER OPERATING  UTILITY  BUDGET
6,831.72
                
xxxxxxxxx


Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
                         
-
                         
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
-
                       
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
Subtotal
$
-
                       
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest  
Rate
-
                         
Sheet  49a.1
Purpose
Amount Issued
Date  of     
Issue
-
                          
LIST  OF  LOANS  ISSUED  DURING  2024
WATER-SEWER OPERATING UTILITY  LOAN
xxxxxxxxx
xxxxxxxxx
-
                          
INTEREST  ON  LOANS  - WATER-SEWER OPERATING  UTILITY  BUDGET
-
                        
SCHEDULE  OF  LOANS  ISSUED  AND  OUTSTANDING
 AND  2025  DEBT  SERVICE  FOR  LOANS
WATER-SEWER OPERATING UTILITY  LOAN
Credit
2025  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, 2024
1.
16-03 Rehabilitation of Elevated
2.
 Water-Tower
200,000.00
          
12/29/2017
120,150.00
          
3/14/2025
4.25%
15,000.00
            
2,553.19
              
3/14/2025
3.
16-18 Various Water Sewer
4.
 Improvements
122,000.00
          
12/29/2017
86,000.00
            
3/14/2025
4.25%
10,000.00
            
1,827.50
              
3/14/2025
5.
20-06 Various Water Sewer 
6.
 Improvements
600,000.00
          
9/23/2021
670,000.00
          
3/14/2025
4.25%
32,000.00
            
14,237.50
            
3/14/2025
7.
20-14 Trickling Filters
47,600.00
            
9/23/2022
47,600.00
            
3/14/2025
4.25%
7,600.00
              
1,011.50
              
3/14/2025
8.
-
                       
9.
TOTAL
969,600.00
          
923,750.00
          
64,600.00
            
19,629.69
            
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 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 2022 or prior require one legally payable installment to be budgeted if
it is contemplated that such notes will be renewed in 2025 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 OPERATING  UTILITY  NOTES  (OTHER  THAN  UTILITY  ASSESSMENT  NOTES)
2025
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, 2024
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
969,600.00
          
923,750.00
          
64,600.00
            
19,629.69
            
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C".  Such notes must be retired at the rate
2025 Interest on Notes
$
19,629.69
      
              of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
11,512.11
      
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
8,117.58
        
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if
Add: Interest to be Accrued as of 12/31/2025
$
it is contemplated that such notes will be renewed in 2025 or written intent of permanent financing submitted.
Required Appropriation 2025
$
8,117.58
        
** 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)
NTEREST  ON  NOTES  -  WATER-SEWER OPERATING UTILITY  BUDGET
DEBT  SERVICE  FOR  WATER-SEWER OPERATING  UTILITY  NOTES  (OTHER  THAN  UTILITY  ASSESSMENT  NOTES)
Sheet  50
Title or Purpose of Issue
2025


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, 2024
**
-
                       
-
                       
-
                       
-
                       
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, 2022 or prior must be appropriated in full in the 2026 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 OPERATING  UTILITY  ASSESSMENT  NOTES
Sheet  51
Title or Purpose of Issue
2025


Amount
Lease Obligation Outstanding
Dec. 31, 2024
For Prinicpal
For Interest/Fees
Total    
-
                                                     
-
                                                     
-
                                                     
SCHEDULE  OF  CAPITAL  LEASE  PROGRAM  OBLIGATIONS  WATER-SEWER OPERATING  UTILITY
Sheet  51a
Purpose
2025 Budget Requirements


2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
257/261
Various Water-Sewer
   Improvements
695,734.38
          
695,734.38
          
-
                       
265
Improvements to Lake Drive 
-
                       
   Pump Station
3,823.00
              
3,823.00
              
-
                       
16-03 Rehabilitation of Elevated Water Tower
902.01
                 
259.00
                 
643.01
                 
-
                       
16-18 Various Water Sewer Improvements
3,977.96
              
65.00
                   
3,912.96
              
-
                       
18-06 Replacement of Water Mains
112,167.40
          
848.25
                 
113,015.65
          
-
                       
20-06 Replacement of Water Mains Farm/School
43,836.14
            
919.00
                 
42,917.14
            
-
                       
2020-014 Trickling Filter and Treatment Plant 
4,324.90
              
8,964.00
              
8,964.00
              
4,324.90
              
-
                       
2022-03
Pine Drive Water Main
12,386.99
            
488,334.45
          
427,661.96
          
60,672.49
            
12,386.99
            
PAGE TOTALS
-
                       
877,152.78
          
-
                       
498,146.70
          
428,904.96
          
69,636.49
            
-
                       
876,758.03
          
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  WATER-SEWER OPERATING  (UTILITY  CAPITAL  FUND)
Sheet  52
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2024
Balance - December 31, 2024


2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
-
                       
877,152.78
          
-
                       
498,146.70
          
428,904.96
          
69,636.49
            
-
                       
876,758.03
          
2022-04
Tamara Drive Water Main
372,135.16
          
260,902.25
          
483,835.79
          
106,356.46
          
42,845.16
            
-
                       
2023-15
WTP Roof Replacement
1,300.00
              
29,700.00
            
26,730.00
            
2,970.00
              
1,300.00
              
-
                       
2023-17
Engineer Trickling Filters
100,000.00
          
37,543.90
            
58,096.50
            
4,359.60
              
2024-03
NVR-Sewer Main Repair/Replace
59,000.00
            
2,097.24
              
3,504.00
              
53,398.76
            
2024-08
S.Valley Emerg Sewer Extension
189,000.00
          
183,791.94
          
624.50
                 
4,583.56
              
PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
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  
52.1
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  WATER-SEWER OPERATING  (UTILITY  CAPITAL  FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
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  
52.2
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  WATER-SEWER OPERATING  (UTILITY  CAPITAL  FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
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  
52.3
SCHEDULE  OF  IMPROVEMENT  AUTHORIZATIONS  WATER-SEWER OPERATING  (UTILITY  CAPITAL  FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
TOTALS
1,300.00
              
1,349,287.94
       
248,000.00
          
788,748.95
          
1,162,903.83
       
241,187.95
          
1,300.00
              
981,945.11
          
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 OPERATING  (UTILITY  CAPITAL  FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do


Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
44,000.00
              
Received from 2024 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements  -  Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
44,000.00
              
xxxxxxxxx
44,000.00
              
44,000.00
              
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
Received from 2024 Budget Appropriation*
xxxxxxxxx
Received from 2024 Emergency Appropriation*
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
-
                         
xxxxxxxxx
-
                         
-
                         
*The full amount of the 2024 budget appropriation should be transferred to this account unless the balance
of the appropriation is to be permitted to lapse.
WATER-SEWER OPERATING UTILITY  CAPITAL  FUND
SCHEDULE  OF  CAPITAL  IMPROVEMENT  FUND
Sheet  53
WATER-SEWER OPERATING UTILITY  CAPITAL  FUND
SCHEDULE  OF  DOWN  PAYMENTS  ON  IMPROVEMENTS
xxxxxxxxx


Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2024 or
Authorized
Ordinance
Prior Years
NVR-Sewer Main Repair/Replace
59,000.00
              
59,000.00
              
S.Valley Emerg Sewer Extension
189,000.00
            
189,000.00
            
248,000.00
            
248,000.00
            
-
                         
-
                         
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
6,808.92
                
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2024 Budget Reserve
xxxxxxxxx
Balance - December 31, 2024
6,808.92
                
xxxxxxxxx
6,808.92
                
6,808.92
                
WATER-SEWER OPERATING  UTILITY  FUND
WATER-SEWER OPERATING UTILITY  CAPITAL  FUND
STATEMENT  OF  CAPITAL  SURPLUS
2024
Sheet  54
CAPITAL  IMPROVEMENTS  AUTHORIZED  IN  2024
AND  DOWN  PAYMENTS  (N.J.S.A. 40A:2-11)
Purpose