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Executive Summary
The document is the Annual Debt Statement for Roosevelt Borough, Monmouth County, New Jersey for the budget year ending December 31, 2025. It details the borough's gross debt, deductions, and net debt, including obligations for municipal/county general purposes, local school purposes, regional school purposes, and water & sewer utility. The statement also includes equalized valuation information and calculations for debt limitations, as well as details on bonds and notes issued and authorized but not issued. Scott M. Frueh, the Chief Financial Officer, is identified as the deponent responsible for the accuracy of the report.
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Document Text
--- Document: 2025 Annual Debt Statement Document ---
Summary
Page 1
1341
Local Unit:
Monmouth
Budget Year Ending:
December
31
2025
(year)
Name:
Phone:
Title:
Email:
CFO Cert. #
Address:
TRUE
Gross Debt
Deduction
Net Debt
-
$
-
$
-
$
-
$
-
$
-
$
4,870,342.44
$
4,870,342.44
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
1,619,550.00
$
-
$
1,619,550.00
$
2 Total
6,489,892.44
$
4,870,342.44
$
1,619,550.00
$
3
Year
2023
109,263,120.00
$
2024
128,266,940.00
$
2025
142,858,558.00
$
4
126,796,206.00
$
5
1.277%
State of New Jersey
Department of Community Affairs
Annual Debt Statement
609-448-0539
cfo@rooseveltnj.us
Net Debt expressed as a percentage of such equalized valuation basis is: %
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR
Property
Equalized Valuation Basis - Average of (1), (2) and (3)…………………………………………………
Bonds and Notes for the Water & Sewer Utility
Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and the assessed
valuation of class II railroad property of the local unit for the last 3 preceding years).
Municipal/County General Obligations
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR
Property
Total Bonds and Notes for Regional School Purposes
Muni Code:
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR
Property
Roosevelt Borough
County:
Chief Financial Officer
Scott M. Frueh
33 N. Rochdale Ave, PO Box 128
Roosevelt, NJ 08555
Total Bonds and Notes for Local School Purposes
N-1665
Deponent is the Chief Financial Officer of Roosevelt Borough, here and in the statement hereinafter mentioned called
the local unit.
Scott M. Frueh, Being duly sworn, deposes and says:
The Annual Debt Statement annexed hereto and hereby made a part thereof is a true statement of the debt condition of
the local unit as of the date therein stated and is computed as provided by the Local Bond Law of New Jersey.
By checking this box, I am swearing that the above statement is true.
Local School Debt
Page 1
If Municipality has no Local School District, check this box:
If Local School District has no debt, check this box:
Local School District Type (select one):
Type II
1
Term Bonds
2
Serial Bonds
(a) Issued
-
$
(b) Authorized but not issued
-
$
3
Temporary Notes
(a) Issued
-
$
(b) Authorized but not issued
-
$
4
Total Bonds and Notes
-
$
5
-
$
6
-
$
7
-
$
8
% of average of equalized valuations
126,796,206.00
$
2.50%
3,169,905.15
$
Use applicable per centum as follows:
2.50% Kindergarten or Grade 1 through Grade 6
3.00% Kindergarten or Grade 1 through Grade 8
3.50% Kindergarten or Grade 1 through Grade 9
4.00% Kindergarten or Grade 1 through Grade 12
9
Additional State School Building Aid Bonds (NJSA 18A:58-33.4(d))
-
$
10 Total Potential Deduction
3,169,905.15
$
Total Allowable Deduction
-
$
Funds on hand in those cases where such funds cannot be diverted to
purposes other than the payment of bonds and notes included in Line
4.
Estimated proceeds of bonds and notes authorized but not issued
where such proceeds will be used for the sole purpose of paying
bonds and notes included in Line 4.
DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR SCHOOL PURPOSES
BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Amounts held or to be held for the sole purpose of paying bonds and notes included above.
Sinking funds on hand for bonds shown as Line 1 but not in excess of
such bonds.
Regional School Debt
Page 1
If there is no Regional School District, check this box:
If Regional School District has no debt, check this box:
Regional School District Name:
1
TERM BONDS
2
SERIAL BONDS
(a) Issued
(b) Authorized but not issued
3
TEMPORARY BONDS AND NOTES
(a) Issued
(b) Authorized but not issued
4
TOTAL OF REGIONAL SCHOOL BONDS AND NOTES
-
$
COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT
Average Equalized
Serial Bonds
Temp. Bond-
Authorized
Valuations
Issued
Notes Issued
But not Issued
Totals
-
$
0.00%
N.J.S.A. 40A:2-43 reads in part as follows: "Gross debt of a municipality shall also include that amount of the total of all the bonds and notes
issued and authorized but not issued by any school district including the area of the municipality, which results from the application to such total of
the ratio which the equalized valuation basis of the municipality bears to the sum of the equalized valuation basis of each municipality in any such
school district."
APPORTIONMENT OF DEBT - December 31, 2025
BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 1
Municipality
%
% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY
Regional School Debt 2
Page 1
If Regional School District has no debt, check this box:
Regional School District Name:
1
TERM BONDS
2
SERIAL BONDS
(a) Issued
(b) Authorized but not issued
3
TEMPORARY BONDS AND NOTES
(a) Issued
(b) Authorized but not issued
4
TOTAL OF REGIONAL SCHOOL BONDS AND NOTES
-
$
COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT
Average Equalized
Serial Bonds
Temp. Bond-
Authorized
Valuations
Issued
Notes Issued
But not Issued
Totals
-
$
0.00%
Municipality
%
*Only utilize this page if the municipality is part of more than one regional school district.
BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 2
N.J.S.A. 40A:2-43 reads in part as follows: "Gross debt of a municipality shall also include that amount of the total of all the bonds and notes
issued and authorized but not issued by any school district including the area of the municipality, which results from the application to such total of
the ratio which the equalized valuation basis of the municipality bears to the sum of the equalized valuation basis of each municipality in any such
school district."
% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY
APPORTIONMENT OF DEBT - December 31, 2025
Utility Debt 1
Page 1
If there are no Utilities, check this box:
If Utility has no debt, check this box:
I.
Utility
1.
Term bonds
-
$
2.
Serial bonds
(a)
Issued
700,000.00
$
(b)
Authorized but not issue
.
3
Bond Anticipation Notes
(a)
Issued
859,150.00
$
(b)
Authorized but not issued
2,592,633.00
$
4
Capital Notes (N.J.S.A. 40A:2-8)
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
5
Other
(a)
Issued
718,559.44
$
(b)
Authorized but not issued
-
$
6
Total
4,870,342.44
$
1.
Total Cash Receipts from Fees, Rents or Other Charges for Year
1,051,122.93
$
2.
Operating and Maintenance Cost
495,603.13
$
3.
Debt Service
(a)
Interest
82,839.12
$
(b)
Notes
-
$
(c)
Serial Bonds
130,000.00
$
(d)
Sinking Fund Requirements
-
$
4.
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)
Interest on Refunding Bonds
-
$
(b)
Refunding Bonds
-
$
5.
Anticipated Deficit in Dedicated Assessment Budget
-
$
6.
Total Debt Service
212,839.12
$
7.
Total Deductions (Line 2 plus Line 6)
708,442.25
$
8.
Excess in Revenues (Line 1 minus Line 7)
342,680.68
$
9.
Deficit in Revenues (Line 7 minus Line 1)
-
$
10. Total Debt Service (Line 6)
212,839.12
$
11. Deficit (smaller of Line 9 or Line 10)
-
$
If Excess in Revenues (Line 8) all Utility Debt is Deductible
(a) Gross
Water & Sewer
System Debt
4,870,342.44
$
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
times 20
-
$
(c) Deduction
4,870,342.44
$
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
4,870,342.44
$
(f) NonDeductible Combined GO Debt
-
$
BONDS AND NOTES FOR UTILITY FUND
Water & Sewer
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Utility Debt 2
Page 1
If Utility has no debt, check this box:
II.
Utility
1.
Term bonds
-
$
2.
Serial bonds
(a)
Issued
-
$
(b)
Authorized but not issue
-
$
3
Bond Anticipation Notes
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
4
Capital Notes (N.J.S.A. 40A:2-8)
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
5
Other
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
6
Total
-
$
1.
Total Cash Receipts from Fees, Rents or Other Charges for Year
-
$
2.
Operating and Maintenance Cost
-
$
3.
Debt Service
(a)
Interest
-
$
(b)
Notes
-
$
(c)
Serial Bonds
-
$
(d)
Sinking Fund Requirements
-
$
4.
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)
Interest on Refunding Bonds
-
$
(b)
Refunding Bonds
-
$
5.
Anticipated Deficit in Dedicated Assessment Budget
-
$
6.
Total Debt Service
-
$
7.
Total Deductions (Line 2 plus Line 6)
-
$
8.
Excess in Revenues (Line 1 minus Line 7)
-
$
9.
Deficit in Revenues (Line 7 minus Line 1)
-
$
10. Total Debt Service (Line 6)
-
$
11. Deficit (smaller of Line 9 or Line 10)
-
$
If Excess in Revenues (Line 8) all Utility Debt is Deductible
(a) Gross
0
System Debt
-
$
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
times 20
-
$
(c) Deduction
-
$
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
-
$
(f) NonDeductible Combined GO Debt
-
$
BONDS AND NOTES FOR UTILITY FUND
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Utility Debt 3
Page 1
If Utility has no debt, check this box:
III.
Utility
1.
Term bonds
-
$
2.
Serial bonds
(a)
Issued
-
$
(b)
Authorized but not issue
-
$
3
Bond Anticipation Notes
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
4
Capital Notes (N.J.S.A. 40A:2-8)
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
5
Other
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
6
Total
-
$
1.
Total Cash Receipts from Fees, Rents or Other Charges for Year
-
$
2.
Operating and Maintenance Cost
-
$
3.
Debt Service
(a)
Interest
-
$
(b)
Notes
-
$
(c)
Serial Bonds
-
$
(d)
Sinking Fund Requirements
-
$
4.
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)
Interest on Refunding Bonds
-
$
(b)
Refunding Bonds
-
$
5.
Anticipated Deficit in Dedicated Assessment Budget
-
$
6.
Total Debt Service
-
$
7.
Total Deductions (Line 2 plus Line 6)
-
$
8.
Excess in Revenues (Line 1 minus Line 7)
-
$
9.
Deficit in Revenues (Line 7 minus Line 1)
-
$
10. Total Debt Service (Line 6)
-
$
11. Deficit (smaller of Line 9 or Line 10)
-
$
If Excess in Revenues (Line 8) all Utility Debt is Deductible
(a) Gross
0
System Debt
-
$
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
times 20
-
$
(c) Deduction
-
$
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
-
$
(f) NonDeductible Combined GO Debt
-
$
BONDS AND NOTES FOR UTILITY FUND
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Utility Debt 4
Page 1
If Utility has no debt, check this box:
IV.
Utility
1.
Term bonds
-
$
2.
Serial bonds
(a)
Issued
-
$
(b)
Authorized but not issue
-
$
3
Bond Anticipation Notes
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
4
Capital Notes (N.J.S.A. 40A:2-8)
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
5
Other
(a)
Issued
-
$
(b)
Authorized but not issued
-
$
6
Total
-
$
1.
Total Cash Receipts from Fees, Rents or Other Charges for Year
-
$
2.
Operating and Maintenance Cost
-
$
3.
Debt Service
(a)
Interest
-
$
(b)
Notes
-
$
(c)
Serial Bonds
-
$
(d)
Sinking Fund Requirements
-
$
4.
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)
Interest on Refunding Bonds
-
$
(b)
Refunding Bonds
-
$
5.
Anticipated Deficit in Dedicated Assessment Budget
-
$
6.
Total Debt Service
-
$
7.
Total Deductions (Line 2 plus Line 6)
-
$
8.
Excess in Revenues (Line 1 minus Line 7)
-
$
9.
Deficit in Revenues (Line 7 minus Line 1)
-
$
10. Total Debt Service (Line 6)
-
$
11. Deficit (smaller of Line 9 or Line 10)
-
$
If Excess in Revenues (Line 8) all Utility Debt is Deductible
(a) Gross
0
System Debt
-
$
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
times 20
-
$
(c) Deduction
-
$
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
-
$
(f) NonDeductible Combined GO Debt
-
$
BONDS AND NOTES FOR UTILITY FUND
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Bonds Issued
Page 1
1 TERM BONDS (state purposes separately)
(1)
-
$
(2)
-
$
(3)
-
$
(4)
-
$
(5)
-
$
Total Term Bonds
-
$
2 SERIAL BONDS (state purposes separately)
(a) Issued
(1)
GO Bonds 2012
30,000.00
$
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
-
$
(15)
-
$
(16)
-
$
(17)
-
$
(18)
-
$
(19)
-
$
(20)
-
$
(21)
-
$
(22)
-
$
(23)
-
$
(24)
-
$
(25)
-
$
(26)
-
$
(27)
-
$
(28)
-
$
(29)
-
$
(30)
-
$
(31)
-
$
(32)
-
$
(33)
-
$
(34)
-
$
(35)
-
$
(36)
-
$
(37)
-
$
(38)
-
$
(39)
-
$
(40)
-
$
(41)
-
$
(42)
-
$
(43)
-
$
(44)
-
$
(45)
-
$
(46)
-
$
(47)
-
$
(48)
-
$
(49)
-
$
(50)
-
$
(51)
-
$
(52)
-
$
(53)
-
$
(54)
-
$
(55)
-
$
(56)
-
$
(57)
-
$
(58)
-
$
(59)
-
$
(60)
-
$
(61)
-
$
(62)
-
$
(63)
-
$
(64)
-
$
Total Serial Bonds Issued
30,000.00
$
3
OTHER BONDS, NOTES AND LOANS - Page 1
Bonds Authorized
Page 1
(b) Bonds Authorized but not Issued
(1)
(2)
(3)
(4)
(5)
(6)
(7)
-
$
(8)
-
$
(9)
-
$
(10)
-
$
(11)
-
$
(12)
-
$
(13)
-
$
(14)
-
$
(15)
-
$
(16)
-
$
(17)
-
$
(18)
-
$
(19)
-
$
(20)
-
$
(21)
-
$
(22)
-
$
(23)
-
$
(24)
-
$
(25)
-
$
Total Serial Bonds Authorized but not Issued
-
$
3 Total Serial Bonds Issued and Authorized but not Issued
30,000.00
$
OTHER BONDS, NOTES AND LOANS - Page 1a
Notes Issued
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(a) Issued
(1)
2018-005 Road Improvements to Homestead Land and Cedar Court
231,300.00
$
(2)
2019-03 Nurko Road, Elm Court & Parking Lot Improvement
116,700.00
$
(3)
2020-05 Farm Lane and School Lane Improvements
100,000.00
$
(4)
2022-02 Pine Drive Improvements
200,000.00
$
(5)
2022-05 Tamara Lane Improvement
350,000.00
$
(6)
2023-06 North Valley Road Improvement
200,000.00
$
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
Bond Anticipation Notes Issued
1,198,000.00
$
OTHER BONDS, NOTES AND LOANS - Page 2
Notes Authorized
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(b) Authorized but not issued
(1) 231- Reconstruction of Pine Drive Storm Sewers
62,250.00
$
(2) 018-005 Road Improvements to Homestead and Cedar Court
30,000.00
$
(3)
2019-003 Nurko Road, Elm Court and Parking Lot Improvements
115,000.00
$
(4)
2020-02 Farm Lane and School Lane Improvements
60,000.00
$
(5)
2020-05 Tamara Lane Improvements
86,300.00
$
(6)
North Valley Road Improvements
38,000.00
$
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
(18)
(19)
(20)
(21)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
OTHER BONDS, NOTES AND LOANS - Page 3a
Notes Authorized 2
Page 1
4 BOND ANTICIPATION NOTES (state purposes separately)
(b) Authorized but not issued (Continued)
(46)
(47)
(48)
(49)
(50)
(51)
(52)
(53)
(54)
(55)
(56)
(57)
(58)
(59)
(60)
(61)
(62)
(63)
(64)
(65)
(66)
(67)
(68)
(69)
(70)
(71)
(72)
(73)
(74)
(75)
(76)
(77)
(78)
(79)
(80)
(81)
(82)
(83)
(84)
(85)
(86)
(87)
(88)
Bond Anticipation Notes Authorized but not Issued
391,550.00
$
5 Total Bond Anticipation Notes Issued and Authorized but not Issued
1,589,550.00
$
OTHER BONDS, NOTES AND LOANS - Page 3b
Misc. Bonds, Notes, Loans
Page 1
6 MISCELLANEOUS BONDS, NOTES AND LOANS
(a) Issued
(1)
Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by Municipality or County
(3)
Green Trust Loans
(4)
Infrastructure Trust
(5)
(6)
(7)
Miscellaneous Bonds, Notes and Loans Issued
-
$
(b) Authorized but not issued
(1)
Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by Municipality or County
(3)
(4)
(5)
Miscellaneous Bonds and Notes Authorized but not Issued
-
$
Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
-
$
OTHER BONDS, NOTES AND LOANS - Page 4
(not including Tax Anticipation Notes, Emergency Notes, Special Emergency Notes and Utility Revenue Notes)
Deductions
Page 1
1.
Amounts held or to be held for the sole purpose of paying general bonds and notes included
(a)
Sinking funds on hand for term bonds
(1)
-
$
-
$
(b)
(1)
(2)
-
$
(3)
-
$
-
$
(c)
(1)
-
$
(2)
-
$
(3)
-
$
-
$
(d)
(1)
(2)
-
$
(3)
-
$
-
$
2.
Bonds authorized by another Public Body to be guaranteed by the municipality
3.
-
$
4.
-
$
5.
Refunding Bonds (N.J.S.A 40A:2-52)
(1)
-
$
(2)
-
$
-
$
Total Deductions Applicable to Other Bonds and Notes
-
$
Bonds issued and bonds authorized but not issued - Capital projects for County
Colleges (N.J.S.A. 18A:64A-22.1 to 18A:64A-22.8)
DEDUCTIONS APPLICABLE TO OTHER BONDS AND NOTES
Funds on hand (including proceeds of bonds and notes held to pay other
bonds and notes), in those cases where such funds cannot be diverted to
purposes other than the payment of bonds and notes
Estimated proceeds of bonds and notes authorized but not issued where
such proceeds will be used for the sole purpose of paying bonds and
notes
Accounts receivable from other public authorities applicable only to the
payment of any part of the gross debt not otherwise deductible
Bonds issued and bonds authorized by not issued to meet cash grants-in-aid for
housing authority, redevelopment agency or municipality acting as its local public
agency [N.J.S.A. 55:14B-4.1(d)]
Guarantees
Page 1
(1)
(2)
(3)
(4)
-
$
(5)
-
$
(6)
-
$
(7)
-
$
(8)
-
$
(9)
-
$
(10)
-
$
(11)
-
$
(12)
-
$
(13)
-
$
(14)
-
$
(15)
-
$
(16)
-
$
(17)
-
$
(18)
-
$
(19)
-
$
(20)
-
$
(21)
-
$
(22)
-
$
(23)
-
$
(24)
-
$
(25)
-
$
(26)
-
$
(27)
-
$
(28)
-
$
(29)
-
$
(30)
-
$
(31)
-
$
(32)
-
$
(33)
-
$
(34)
-
$
(35)
-
$
(36)
-
$
(37)
-
$
(38)
-
$
(39)
-
$
(40)
-
$
(41)
-
$
(42)
-
$
(43)
-
$
(44)
-
$
(45)
-
$
(46)
-
$
(47)
-
$
(48)
-
$
(49)
-
$
(50)
-
$
-
$
Bonds authorized/issued by another Public Body to be guaranteed by the municipality
Total Bonds and Notes authorized/issued by another Public Body to be
guaranteed by the municipality
Special Debt
Page 1
1. Balance of debt incurring capacity December 31, 2024 (NJSA 40:1-16(d))
-
$
2. Obligations heretofore authorized during 2025 in
excess of debt limitation and pursuant to:
(a)
NJSA 40A:2-7, paragraph (d)
-
$
(b)
NJSA 40A:2-7, paragraph (f)
-
$
(c)
NJSA 40A:2-7, paragraph (g)
-
$
Total
-
$
3. Less 2025 authorizations repealed during 2025
-
$
4. Net authorizations during 2025
-
$
5.
-
$
AVAILABLE UNDER N.J.S.A. 40A:2-7(f)
SPECIAL DEBT STATEMENT BORROWING POWER
Balance of debt incurring capacity December 31, 2025 (NJSA 40:1-16(d))
Capital Leases - Not in Gross
Page 1
1 Capital Leases and Other Comittments
(1)
-
$
(2)
-
$
(3)
-
$
(4)
-
$
(5)
-
$
(6)
-
$
(7)
-
$
(8)
-
$
(9)
-
$
(10)
-
$
(11)
-
$
(12)
-
$
(13)
-
$
(14)
-
$
(15)
-
$
(16)
-
$
(17)
-
$
(18)
-
$
(19)
-
$
(20)
-
$
(21)
-
$
(22)
-
$
(23)
-
$
(24)
-
$
(25)
-
$
(26)
-
$
(27)
-
$
(28)
-
$
(29)
-
$
(30)
-
$
(31)
-
$
(32)
-
$
(33)
-
$
(34)
-
$
(35)
-
$
(36)
-
$
(37)
-
$
(38)
-
$
(39)
-
$
(40)
-
$
(41)
-
$
(42)
-
$
(43)
-
$
(44)
-
$
(45)
-
$
(46)
-
$
(47)
-
$
(48)
-
$
(49)
-
$
(50)
-
$
Total Leases and Other Comittments
-
$
Obligations NOT Included in Gross Debt
Guarantees - Not in Gross
Page 1
2 Guarantees NOT included in Gross Debt - Public and Private
(1)
-
$
(2)
-
$
(3)
-
$
(4)
-
$
(5)
-
$
(6)
-
$
(7)
-
$
(8)
-
$
(9)
-
$
(10)
-
$
(11)
-
$
(12)
-
$
(13)
-
$
(14)
-
$
(15)
-
$
(16)
-
$
(17)
-
$
(18)
-
$
(19)
-
$
(20)
-
$
(21)
-
$
(22)
-
$
(23)
-
$
(24)
-
$
(25)
-
$
(26)
-
$
(27)
-
$
(28)
-
$
(29)
-
$
(30)
-
$
(31)
-
$
(32)
-
$
(33)
-
$
(34)
-
$
(35)
-
$
(36)
-
$
(37)
-
$
(38)
-
$
(39)
-
$
(40)
-
$
(41)
-
$
(42)
-
$
(43)
-
$
(44)
-
$
(45)
-
$
(46)
-
$
(47)
-
$
(48)
-
$
(49)
-
$
(50)
-
$
Total Guarantees NOT included in Gross Debt - Public and Private
-
$
Obligations NOT Included in Gross Debt
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Apr 2, 2026
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