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Transitional Year - Annual Financial Statement (Unaudited)
BID #: N/A
DUE: 2/10/2024
VALUE: TBD
80
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Executive Summary
This document is the Annual Financial Statement (AFS) Workbook for the City of Union City, County of Hudson, for the year ending December 31, 2023. The workbook is designed for completion and submission to the Division of Local Government Services via the FAST portal. Key aspects include financial data entry, adherence to specific naming conventions for file uploads (xxxx_afs_20xx.xlsm), and a requirement for it to be saved as a Macro-Enabled Workbook. Municipalities were required to submit the completed AFS by February 10, 2024. CFOs are instructed to review the document carefully, especially if it wasn't prepared by them.
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Document Text
--- Document: Transitional Year - Annual Financial Statement (Unaudited) Document ---
General Instructions to Complete the Annual Financial Statement Workbook
a) This workbook is composed of several individual worksheets to complete the Annual Financial
Statement.
b) It is designed to automatically calculate linked schedules from each of the data entry points.
c) The individual spreadsheets containing formulas are locked to protect the formulas.
d) Fill in only the gray sections of the worksheet.
e) Begin by navigating to the "Key Inputs" tab.
f)
Select the Municipality or County by clicking on the arrow on the right side of cell D8. This will
populate the municipality/county and dates throughout the workbook. Continue to complete
each of the fields in order to populate throughout the workbook. Enter the exact number of
utilities and the utility types. Do not skip sets of utility pages.
g) In all applicable signature lines insert the email address of the applicable official.
h)
The completed AFS must be submitted to the Division via the FAST portal with a file name of:
xxxx_afs_20xx.xlsm (provide 4 digits municode and year). It must be saved as a Macro-
Enabled Workbook.
i) Only the Chief Financial Officer has access to the "Submit for Review" tab within the FAST
portal.
j) If copying data from a prior workbook, copy and use Paste Values to preserve formatting.
k)
On the Key Inputs tab, users can select "Standard" or "Expanded" for a variety of sections to
reduce the number of unused pages throughout the document. The following sheets can be
adjusted: 6, 6b, 9a, 10, 11, 12, 17a, 20, 35, and 37. All sections are preset to "Standard" and
should only be switched to "Expanded" if more pages are needed.
Quick Guide:
https://www.nj.gov/dca/divisions/dlgs/pdf/FAST%20AFS%20Quick%20User%20Guide.pdf
**PLEASE NOTE: Many of the features on this page rely on the use of macros. Because of the nature of this f
cause the screen to "shake" or "flash" momentarily. This is a byproduct of such functionality being run acros
Required Information
Name and County of Municipality
500 *Counties will
Full Name of Municipality/County
CITY OF UNION CITY
County of Municipality / County
HUDSON
Name of Municipality / County
UNION CITY
Type
CITY
Federal ID #
22-6002354
Governing Body Type
COMMISSIONERS
Address
3715 PALISADE AVENUE
Address
UNION CITY, NJ 07087
Phone
201-348-5721
Fax
201-348-0639
Certificate #
Chief Financial Officer
TAMMY ZUCCA
N-0592
Registered Municipal Accountant
Year Ending
12/31/2023
DATES
Balance - January 1, 2023
Balance - December 31, 2023
Outstanding - January 1, 2023
Outstanding - December 31, 2023
Year End
12/31/2023
Next Year End
12/31/2024
Budget Year
2024
AFS Year
2023
PY
2022
Population Last Census (2020)
68,589
Net Valuation Taxable 2023
1,563,582,053
Muni Code
0910
SELECT FISCAL YEAR TYPE:
CALENDAR YEAR MUNICIPALITIES
Calendar
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2023
COUNTIES - JANUARY 26, 2024
MUNICIPALITIES - FEBRUARY 10, 2024
AS AT DECEMBER 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Jan. 1, 2023
YEAR - 2022
YEAR - 2023
HOW MANY UTILITIES DOES THE ENTITY HAVE:
0
UTILITY NAME(S)
UTILITY 1
UTILITY 2
UTILITY 3
UTILITY 4
UTILITY 5
UTILITY 6
Responses and Data
PAGE COUNT - SELECT STANDARD OR EXPANDED:
Municipal and County AFS Version 2023
Annual Financial Statement - Key Inp
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2023
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, 2023, 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, 2023.
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
3715 PALISADE AVENUE
Sheet 1
201-348-5721
201-348-0639
TAMMY ZUCCA
Examined By:
Preliminary Check
UNION CITY
HUDSON
CITY
Examined
TAMMY ZUCCA
CHIEF FINANCIAL OFFICER
TAMMY ZUCCA
N-0592
DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2023
(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2024
68,589
0910
1,563,582,053
MUNICIPALITIES - FEBRUARY 10, 2024
HUDSON
UNION CITY
CITY
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, 2023 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, 2023 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
, 2024
(Firm Name)
UNION CITY
CITY
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 2024.
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)
2, 7, 10, 11
of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
CERTIFICATION OF QUALIFYING MUNICIPALITY
N-0592
tzucca@ucnj.com
Sheet 1b
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
CITY OF UNION CITY
TAMMY ZUCCA
CITY OF UNION CITY
1/5/2024
Fiscal Year Ending:
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
112,933.00
$
$
1,706,635.00
Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.
X
Single Audit
Program Specific Audit
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.
2/10/2024
Date
Report of Federal and State Financial Assistance
Expenditures of Awards
22-6002354
Fed I.D. #
CITY OF UNION CITY
Municipality
HUDSON
County
Sheet 1c
December 31, 2023
(2)
Programs
Expended
State
tzucca@ucnj.com
Signature of Chief Financial Officer
TOTAL
2,493,733.00
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 2023 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 2024 and filed with the County Board of Taxation on January 10, 2024 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
Sheet 2
MUNICIPALITY
HUDSON
CITY OF UNION CITY
COUNTY
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2023
UNION CITY
SIGNATURE OF TAX ASSESSOR
HUDSON
1,563,582,053.00
CITY
TAMMY ZUCCA
CHIEF FINANCIAL OFFICER
sbonaccorsi@ucnj.com
Debit
Credit
CASH
411,286.98
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
-
-
CASH-OTHER CURRENT ACCOUNTS
6,890,314.06
CHANGE FUND
398
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
3,988.52
CURRENT
36,410.24
SUBTOTAL
40,398.76
TAX TITLE LIENS RECEIVABLE
35,398.91
PROPERTY ACQUIRED FOR TAXES
-
CONTRACT SALES RECEIVABLE
-
MORTGAGE SALES RECEIVABLE
-
DUE FROM UNION CITY PARKING AUTHORITY
914,579.60
OTHER RECEIVABLES
724,777.17
DUE FROM GRANT FUND
18,718.14
DUE FROM CDBG TRUST
DUE FROM PROPERTY OWNERS
228,989.53
DUE FROM UNION CITY BOARD OF EDUCATION
3,445,218.92
DEFERRED CHARGES:
EMERGENCY
8,277,756.42
SPECIAL EMERGENCY (40A:4-55)
10,367,687.00
DEFICIT
804,235.70
PREPAID DEBT SERVICE
1,246,852.00
Page Totals:
33,406,611.19
-
(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, 2023
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS FROM PAGE 3
33,406,611.19
-
APPROPRIATION RESERVES
1,413,563.83
ENCUMBRANCES PAYABLE
5,043,797.36
ACCOUNTS PAYABLE
507,265.11
TAX OVERPAYMENTS
8,945.72
PREPAID TAXES
558,171.53
SPECIAL EMERGENCY NOTE PAYABLE
6,493,000.00
DUE TO CAPITAL FUND
4,552,089.65
DUE TO STATE:
MARRIAGE LICENSE
7,325.00
DCA TRAINING FEES
7,598.00
RESERVE FOR ABC ESCROW
58,715.00
LOCAL SCHOOL TAX PAYABLE
-
REGIONAL SCHOOL TAX PAYABLE
-
REGIONAL H.S.TAX PAYABLE
-
COUNTY TAX PAYABLE
-
DUE COUNTY - ADDED & OMMITTED
-
SPECIAL DISTRICT TAX PAYABLE
-
RESERVE FOR TAX APPEAL
-
PAGE TOTAL
33,406,611.19
18,650,471.20
(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, 2023
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
Debit
Credit
TOTALS FROM PAGE 3a
33,406,611.19
18,650,471.20
SUBTOTAL
33,406,611.19
18,650,471.20
"C"
RESERVE FOR RECEIVABLES
5,408,081.03
DEFERRED SCHOOL TAX
-
DEFERRED SCHOOL TAX PAYABLE
-
FUND BALANCE
9,348,058.96
TOTALS
33,406,611.19
33,406,611.19
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, 2023
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, 2023
Debit
Credit
CASH
1,821,866.63
GRANTS RECEIVABLE
18,538,242.04
DUE FROM/TO CURRENT FUND
18,718.14
ENCUMBRANCES PAYABLE
676,726.20
APPROPRIATED RESERVES
19,629,330.14
UNAPPROPRIATED RESERVES
35,334.19
TOTALS
20,360,108.67
20,360,108.67
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2023
Debit
Credit
ANIMAL CONTROL TRUST FUND
CASH
10,193.60
DEFERRED REVENUES
39.00
DUE TO STATE OF NJ
10,154.60
RESERVE FOR ANIMAL CONTROL TRUST FUND
FUND TOTALS
10,193.60
10,193.60
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, 2023
(Assessment Section Must Be Separately Stated)
(Do not crowd - add additional sheets)
Debit
Credit
CDBG TRUST FUND
CASH
6,815.00
DUE TO -CURRENT FUND
2,094,616.47
RESERVE FOR ENCUMBRANCES
611,304.21
RESERVE FOR CDBG/PROGRAM INCOME
1,490,127.26
FUND TOTALS
2,101,431.47
2,101,431.47
ARTS AND CULTURAL TRUST FUND
CASH
-
FUND TOTALS
-
-
OTHER TRUST FUNDS
CASH
2,550,503.02
CASH - HCLET
58,478.45
CASH - POAA
155,880.60
CASH - FIRE VICTIMS
1,430.18
CASH - TAX OUTSIDE LIENS
708,006.25
CASH - DEA TRUST
220.28
CASH - COAH TRUST
2,911,645.46
CASH - SOCCER ACCOUNT
39.83
CASH - DEVELOPER'S ESCROW (CAPITAL ONE)
5,135,017.23
CASH - PUBLIC DEFENDER
1,675.00
DUE FROM CONTRACTORS/POLICE DETAILS
395,510.64
OTHER TRUST FUNDS PAGE TOTAL
11,918,406.94
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
AS AT DECEMBER 31, 2023
(Assessment Section Must Be Separately Stated)
HUD GRANT LOC RECEIVABLE
Debit
Credit
Previous Totals
11,918,406.94
-
OTHER TRUST FUNDS (continued)
DUE FROM CURRENT FUND
ENCUMBRANCES PAYABLE
782,214.14
RESERVE FOR EXPENSES
11,136,192.80
TOTALS
11,918,406.94
11,918,406.94
Sheet 6.2
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2023
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
Previous Totals
11,918,406.94
11,918,406.94
OTHER TRUST FUNDS (continued)
TOTALS
11,918,406.94
11,918,406.94
Sheet 6. TOTALS
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2023
Title of Account
(Do not crowd - add additional sheets)
Amount
Dec. 31, 2022
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2023
PUBLIC DEFENDER
-
1,675.00
1,675.00
POAA
163,820.10
28,498.00
36,437.50
155,880.60
DISPOSAL OF FORFEITED PROP
17,184.19
17,184.19
POLICE DETAILS
(701,220.62)
1,033,524.03
1,002,238.51
(669,935.10)
POLICE DONATIONS
1,059.00
1,059.00
OUTSIDE LIEN HOLDERS
98,138.08
1,719,520.98
1,556,550.13
261,108.93
AMBULANCE DONATIONS
300.00
300.00
DARE DONATIONS
1,845.13
1,845.13
FERAL CAT PROGRAM
431.07
431.07
STATE UNEMPLOYMENT INSURANCE
35,217.35
41,971.20
77,188.55
-
PENALTY TRUST-FIRE PREVENTION
19,273.61
131,901.00
148,176.61
2,998.00
TREE DONATIONS
840.00
840.00
FIRE VICTIMS
1,430.18
1,430.18
SENIOR CITIZEN TRIPS
1,663.52
3,908.00
4,143.52
1,428.00
INSURANCE TRUST
60,631.60
1,000.00
61,631.60
HCLET FORFEITED PROPERTY
50,635.69
7,842.76
2,245.00
56,233.45
TAX SALE PREMIUMS
4,309,100.00
293,000.00
1,506,200.00
3,095,900.00
SWIMMING POOL-RECREATION
4,743.90
400.00
3,725.60
1,418.30
SNOW REMOVAL/STORM RECOV
370.00
370.00
DEA-FEDERAL EQUITABLE SHARING
215.09
4.36
(0.83)
220.28
SOCCER-RECREATION
1,071.20
64,367.00
63,910.20
1,528.00
SOFTBALL-RECREATION
-
230.00
230.00
BASEBALL-RECREATION
1,260.00
570.00
1,830.00
-
BASKETBALL-RECREATION
-
1,025.00
955.00
70.00
VOLLEYBALL-RECREATION
1,578.00
1,645.00
3,153.00
70.00
FLAG FOOTBALL-RECREATION
4.52
4.52
FOOTBALL-RECREATION
5,586.00
6,705.00
12,291.00
TRACK PROGRAM-RECREATION
-
-
T-BALL/BASE/SOFTBALL UC SPORTS
20,456.00
165.00
20,621.00
RESERVE FOR COAH TRUST
2,576,916.51
346,321.95
11,593.00
2,911,645.46
ELEVATOR INSPECTIONS
7,065.00
69,265.00
39,014.00
37,316.00
PRISONER'S PROP-DISPOSAL FUND
25,341.13
25,341.13
BASE/BASK/SOFT/VOLLEYBALL
-
-
DEVELOPERS ESCROW
4,806,711.38
1,018,060.28
689,754.43
5,135,017.23
RESERVE FOR SOCCER PROGRAM
52.33
8,395.00
8,407.50
39.83
-
-
-
-
-
-
PAGE TOTAL
$
11,511,719.96
$
4,779,994.56
$
5,155,521.72
$
11,136,192.80
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2022
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2023
PREVIOUS PAGE TOTAL
11,511,719.96
4,779,994.56
5,155,521.72
11,136,192.80
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-
-
-
-
PAGE TOTAL
$
11,511,719.96
$
4,779,994.56
$
5,155,521.72
$
11,136,192.80
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, 2022
Assessments
Current
Disbursements
Dec. 31, 2023
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
6,126,577.31
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
6,126,577.31
CASH
10,142,949.04
DUE FROM - CURRENT
4,552,089.65
DUE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
61,853,038.53
UNFUNDED
28,628,577.31
DUE TO -
PAGE TOTALS
111,303,231.84
6,126,577.31
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2023
Debit
Credit
PREVIOUS PAGE TOTALS
111,303,231.84
6,126,577.31
BOND ANTICIPATION NOTES PAYABLE
22,502,000.00
GENERAL SERIAL BONDS
59,445,000.00
TYPE 1 SCHOOL BONDS
-
LOANS PAYABLE
697,746.68
CAPITAL LEASES PAYABLE
1,710,291.85
RESERVE FOR CAPITAL PROJECTS
IMPROVEMENT AUTHORIZATIONS:
FUNDED
9,753,873.49
UNFUNDED
4,418,158.47
ENCUMBRANCES PAYABLE
4,893,571.59
RESERVE TO PAY BANS
29,007.00
CAPITAL IMPROVEMENT FUND
1,532,810.93
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL FUND BALANCE
194,194.52
111,303,231.84
111,303,231.84
Sheet 8.1
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2023
Title of Account
(Do not crowd - add additional sheets)
Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
21,284.25
390,164.73
162.00
411,286.98
1,821,866.63
1,821,866.63
10,193.60
10,193.60
-
-
-
120.00
6,695.00
6,815.00
7,318.00
2,543,185.02
2,550,503.02
-
10,142,949.04
10,142,949.04
16,975.00
16,975.00
144.83
105.00
39.83
-
-
-
58,478.45
58,478.45
155,880.60
155,880.60
1,430.18
1,430.18
173.03
743,266.82
35,433.60
708,006.25
220.28
220.28
27,149.69
2,884,495.77
2,911,645.46
106,300.00
5,151,499.48
122,782.25
5,135,017.23
CLAIMS
1,527,193.45
1,527,042.20
151.25
SWEEP
91,444.64
4,155,997.02
4,247,441.66
PAYROLL
84,598.12
67,503.68
17,094.44
517,339.19
517,339.19
978,436.92
978,436.92
500.00
180.00
680.00
1,129,170.60
1,129,170.60
-
Total
254,289.61
32,320,360.73
1,753,028.73
30,821,621.61
* Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED CERTIFICATION
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, 2023.
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, 2023.
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
SMALL CLAIMS
EMS LOCKBOX
tzucca@ucnj.com
HCLET
POAA
FIRE VICTIMS
TAX ESCROW
DEA TRUST
Chief Financial Officer
COAH TRUST
DEVELOPER'S ESCROW
NJCMF
NJARM
CASH RECONCILIATION DECEMBER 31, 2023
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 - Public Defender
UTILITIES:
SOCCER
PAYROLL AGENCY
VALLEY NATIONAL BANK
FEDERAL AND STATE GRANT (6706)
1,821,866.63
DOG LICENSES (6680)
10,193.60
CDA (6771)
6,695.00
TRUST ACCOUNT (6714)
2,543,185.02
PUBLIC DEFENDER (6789)
16,975.00
HCLET (6847)
58,478.45
POAA (6821)
155,880.60
FIRE VICTIMS (6763)
1,430.18
TAX ESCROW (6730)
743,266.82
DEA TRUST (6882)
220.28
COAH TRUST (6839)
2,884,495.77
SOCCER (6805)
144.83
CAPITAL (6797)
10,142,949.04
CURRENT FUND (6698)
390,164.73
CLAIMS ACCOUNT (6748)
1,527,193.45
SWEEP ACCOUNT (6755)
4,155,997.02
PAYROLL ACCOUNT (7100)
84,598.12
PAYROLL AGENCY (6722)
-
SMALL CLAIMS (7597)
180.00
CAPITAL ONE BANK
DEVELOPER'S ESCROW (7982)
5,151,499.48
EMS LOCKBOX ACCOUNT (0532)
1,129,170.60
NJCMF (171)
517,339.19
NJ ARM (-00)
978,436.92
PAGE TOTAL
32,320,360.73
Sheet 9a
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
CASH RECONCILIATION DECEMBER 31, 2023 (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
32,320,360.73
TOTAL PAGE
32,320,360.73
CASH RECONCILIATION DECEMBER 31, 2023 (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
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
HISTORY PARTNERSHIP-UC MUSEUM
-
-
NJDOT KERRIGAN AVE-LAIF DISCRETIONARY AID
709,126.93
709,126.93
NJDOT 2018 VARIOUS STREETS-FY18 URBAN AID
66,149.46
65,849.46
300.00
-
BULLETPROOF VEST PARTNERSHIP PROGRAM
9,476.06
9,476.06
NJDOT PALISADE AVE SEC 1-FY19 LAIF
600,000.00
600,000.00
-
NJDOT 2019 VARIOUS STREETS- FY19 MUNICIPAL AID
110,969.50
110,969.50
-
BULLETPROOF VEST PARTNERSHIP PROGRAM
11,522.51
11,522.51
GREEN ACRES - 4100 PALISADE AVE ACQUISITION
675,000.00
675,000.00
NJDOT PALISADE AVE SEC 2-FY20 LAIF
858,037.00
858,037.00
-
NJDOT 35TH ST PHASE 1 - FY20 MUNICIPAL AID
72,098.95
81,436.89
(9,337.94)
-
NJDOT 35TH ST PHASE 2 - FY20 MUNICIPAL AID
52,168.50
43,968.85
8,199.65
-
BULLETPROOF VEST PARTNERSHIP PROGRAM
16,660.00
16,660.00
HC OPEN SPACE WASHINGTON PARK EAST PHASE II
225,861.72
225,861.72
-
NJDOT PALISADE AVE SEC -FY21 LAIF
875,000.00
875,000.00
-
NJDOT FY21 VARIOUS STREETS-FY21 MUNICIPAL AID
720,000.00
720,000.00
NJDOT FY21 VARIOUS STREETS-FY21 URBAN AID
195,396.00
195,396.00
FY21 BODY-WORN CAMERA GRANT PROGRAM
476,892.00
74,935.39
401,956.61
NJDOT CENTRAL AVE CORRIDOR-TRANSP TRUST
900,000.00
900,000.00
BULLETPROOF VESTS FY21
3,826.41
3,826.41
-
PAGE TOTALS
6,578,185.04
-
2,939,885.22
-
(838.29)
3,639,138.11
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Sheet 10
Grant
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
6,578,185.04
-
2,939,885.22
-
(838.29)
3,639,138.11
NJDOT FY22 MUN AID-13TH, 42ND & 47THST
862,176.00
646,632.00
215,544.00
2021 USDOJ EDWARD BYRNE JUSTICE GRANT
24,643.00
24,643.00
GREEN ACRES 4100 PALISADE AVE ACQUISITION
1,000,000.00
1,000,000.00
HC OPEN SPACE 4100 PALISADE AVE ACQUISITION
271,525.00
271,525.00
GREEN ACRES URBAN PARKS - 4100 PAL AVE ACQ
500,000.00
500,000.00
STRENGTHENING LOCAL PUBLIC HEALTH FY23
192,066.00
62,231.00
129,835.00
BPU ELECTRIC VEHICLE TOURISM GRANT
42,000.00
42,000.00
GREEN ACRES 4100 PALISADE AVE ACQUISITION
225,000.00
225,000.00
DRUG FREE COMMUNITIES FY23
30,969.05
30,969.05
-
IT PAYS TO PLUG IN ELEC VEHICLE CHARGING
150,000.00
150,000.00
BULLETPROOF VESTS FY23
13,640.00
5,855.99
7,784.01
COVID 19 VACCINE SUPPLEMENTAL FUNDING FY23
26,024.00
24,086.18
1,937.82
-
COPS TECHNOLOGY-CCTV CITYWIDE CAMERAS
1,100,000.00
263,526.78
836,473.22
COPS HIRING GRANT
3,750,000.00
95,577.25
3,654,422.75
PEDESTRIAN SAFETY GRANT FY23
35,000.00
33,000.00
2,000.00
-
NJACCHO-ENHANCING LOCAL PUBLIC HEALTH
522,532.69
71,471.11
451,061.58
DISTRACTED DRIVING GRANT UTEXT UDRIVE UPAY
12,250.00
12,250.00
-
DCA 41ST STREET PARK GRANT
850,000.00
850,000.00
PAGE TOTALS
16,186,010.78
-
4,185,484.58
-
3,099.53
11,997,426.67
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Sheet
10.1
Grant
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
16,186,010.78
-
4,185,484.58
-
3,099.53
11,997,426.67
NJDOT FY23 MUNICIPAL AID 13TH, 37TH & 38TH STREETS
881,990.00
294,777.93
587,212.07
CLICK IT OR TICKET 2023
14,000.00
14,000.00
-
2023 FARMERS MARKET
1,220.00
1,150.00
70.00
-
MUNICIPAL ALLIANCE FY24
21,005.00
21,005.00
DRUG FREE COMMUNITIES FY24
125,000.00
29,472.50
95,527.50
UEZ FY24
1,702,711.99
1,702,711.99
-
NJACCHO-ENHANCING LOCAL PUBLIC HEALTH FY24
648,175.00
648,175.00
DCA LEAD GRANT ASSISTANCE PROGRAM
87,700.00
87,700.00
-
STRENGTHENING LOCAL PUBLIC HEALTH FY24
406,046.00
406,046.00
IT PAYS TO PLUG IN EVLVL-2022-00800
24,000.00
24,000.00
IT PAYS TO PLUG IN EVLVL-2022-00801
24,000.00
24,000.00
IT PAYS TO PLUG IN EVLVL-2022-00803
24,000.00
24,000.00
SPOTTED LANTERNFLY GRANT-NJ DEPT OF AGRICULTU
15,000.00
15,000.00
NATIONAL OPIOID SETTLEMENTS FY24
163,302.46
163,302.46
-
CLEAN COMMUNITIES GRANT FY2023
104,355.44
104,355.44
-
ALCOHOL ED REHAB GRANT 2023
9,604.80
9,604.80
-
AUTOMATED LICENSE PLATE READER-ARP
222,000.00
222,000.00
NJDOT LTPF AID-13TH, 37TH & 38TH ST IMPROVEMENTS
299,000.00
299,000.00
PAGE TOTALS
17,083,220.78
3,875,900.69
6,592,559.70
-
3,169.53
14,363,392.24
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.2
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
3,875,900.69
6,592,559.70
-
3,169.53
14,363,392.24
NJDOT LTPF AID-13TH, 42ND & 47TH ST IMPROVEMENTS
443,000.00
443,000.00
MUNICIPAL ALLIANCE DMHAS YOUTH LEADERSHIP FY24
7,616.00
7,616.00
HC OPEN SPACE WASH PARK SOCCER FIELD IMPROV
201,000.00
201,000.00
HC OPEN SPACE 4100 PALISADE AVE ACQUISITION
147,225.00
147,225.00
DCA LOCAL RECREATION GRANT-POOL IMPROVEMENTS
97,000.00
97,000.00
2022 USDOJ EDWARD BYRNE JUSTICE GRANT
28,718.00
28,718.00
FY23 CONGRESSIONAL GRANT-CENTRAL AVE IMPROV
1,103,850.00
1,103,850.00
FY23 USDOJ COPS TECHNOLOGY & EQUIPMENT
1,200,000.00
1,200,000.00
FY23 BULLETPROOF VESTS PROGRAM
42,296.80
42,296.80
NJDOT LTPF AID-18TH, 19TH & 16TH ST IMPROVEMENTS
860,394.00
860,394.00
2023 DRIVE SOBER YEAR END HOLIDAY CRACKDOWN
8,750.00
8,750.00
FY24 PEDESTRIAN SAFETY
35,000.00
35,000.00
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.3
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.4
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.5
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.6
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.7
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.8
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.9
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.10
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.11
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.12
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.13
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.14
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.15
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.16
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.17
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.18
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.19
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.20
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.21
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.22
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.23
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet
10.24
2023
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2023
Revenue
Dec. 31, 2023
Realized
PREVIOUS PAGE TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
17,083,220.78
8,050,750.49
6,592,559.70
-
3,169.53
18,538,242.04
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet 10
Totals
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2023
Budget
Appropriation
Dec. 31, 2023
By 40A:4-87
ALCOHOL EDUCATION AND REHAB FUND
1,119.73
1,119.73
ALCOHOL EDUCATION AND REHAB FUND
6,405.73
6,405.73
ALCOHOL EDUCATION AND REHAB FUND
11,130.80
11,130.80
GREEN ACRES - RESERVOIR PURCHASE
919,382.14
919,382.14
DRUNK DRIVING ENFORCEMENT FUND
3,229.92
576.00
2,653.92
ALCOHOL EDUCATION AND REHAB FUND
6,005.06
6,005.06
DRUNK DRIVING ENFORCEMENT FUND
13,932.83
13,932.83
ALCOHOL EDUCATION AND REHAB FUND
3,295.36
3,295.36
GREEN ACRES - 4100 PALISADE AVE ACQ REPROGRAM
675,000.00
675,000.00
ALCOHOL EDUCATION AND REHAB FUND
1,166.95
1,166.95
NJDOT FY21 VARIOUS STREETS-MUNICIPAL AID
327,013.00
(116,962.09)
443,975.09
ARP-STATE & LOCAL FISCAL RECOVERY FUNDS
48,562.88
48,562.88
-
STRENGTHENING LOCAL PUBLIC HEALTH 2022
2,583.51
2,583.51
FY 21 BODY-WORN CAMERA GRANT PROGRAM
378,161.64
192,263.50
185,898.14
FY 22 UEZ ASSISTANCE FUND
-
-
-
APR STATE AND LOCAL FISCAL RECOVERY-2
2,500,000.00
(700.00)
2,500,700.00
GREEN ACRES - 4100 PALISADE AVE ACQUISITION
984,800.00
984,800.00
HC OPEN SPACE 4100 PALISADE AVE ACQUISITION
271,525.00
271,525.00
GREEN ACRES URBAN - 4100 PALISADE AVE ACQ
500,000.00
500,000.00
PAGE TOTALS
6,653,314.55
-
-
123,740.29
-
-
6,529,574.26
Sheet
11
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Grant
Transferred from 2023
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2023
Budget
Appropriation
Dec. 31, 2023
By 40A:4-87
PREVIOUS PAGE TOTALS
6,653,314.55
-
-
123,740.29
-
-
6,529,574.26
ALCOHOL ED REHAB ENFORCEMENT FUND
631.73
631.73
FY 22 CLEAN COMMUNITIES
12,738.61
12,738.61
-
STRENGTHENING LOCAL PUBLIC HEALTH 2023
19,372.18
(7,299.83)
26,672.01
CLEAN COMMUNITY ENERGY GRANT
25,000.00
22,300.00
2,700.00
BPU ELECTRIC VEHICLE TOURISM GRANT
30,776.54
23,166.00
7,610.54
GREEN ACRES - 4100 PALISADE AVE ACQUISITION
225,000.00
225,000.00
DRUG FREE COMMUNITIES FY23
6,909.55
6,909.55
-
DRUG FREE COMMUNITIES LOCAL MATCH
35,290.50
35,290.50
-
IT PAYS TO PLUG IN ELEC VEHICLE CHARGING STATIONS
150,000.00
150,000.00
BULLETPROOF VEST FY23
7,784.01
3,628.80
4,155.21
COVID 19 VACCINE SUPPLEMENTAL FUNDING FY23
1,937.82
1,937.82
-
COPS TECHNOLOGY-CCTV CITYWIDE CAMERAS
676,850.75
-
676,850.75
COPS HIRING GRANT
3,750,000.00
165,296.05
3,584,703.95
PEDESTRIAN SAFETY GRANT FY23
35,000.00
33,000.00
2,000.00
-
NATIONAL OPIOID SETTLEMENT FUNDS
346,324.42
346,324.42
BODY ARMOR REPLACEMENT FUNDS FY22
6,788.43
3,628.80
3,159.63
RECYCLING TONNAGE (2020 FUNDS)
105,309.79
13,403.00
91,906.79
NJACCHO ENHANCING LOCAL PUBLIC HEALTH GRANT
519,663.11
152,681.68
366,981.43
PAGE TOTALS
12,608,691.99
-
-
588,483.45
-
3,937.82
12,016,270.72
Sheet
11.1
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2023
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2023
Budget
Appropriation
Dec. 31, 2023
By 40A:4-87
PREVIOUS PAGE TOTALS
12,608,691.99
-
-
588,483.45
-
3,937.82
12,016,270.72
DCA 41ST STREET PARK GRANT
1,700,000.00
1,700,000.00
NJDOT FY23 MUNICIPAL AID 13TH, 37TH & 38TH STREETS
443,950.16
65,458.05
378,492.11
CLICK IT OR TICKET 2023
7,910.00
7,910.00
-
2023 FARMERS MARKET
1,220.00
1,150.00
70.00
-
MUNICIPAL ALLIANCE ON ALCOHOLISM & DRUG ABUSE
21,005.00
15,828.75
5,176.25
MUNICIPAL ALLIANCE LOCAL MATCH FY24
5,251.25
5,251.25
-
DRUG FREE COMMUNITIES
125,000.00
103,588.07
21,411.93
DRUG FREE COMMUNITIES-LOCAL MATCH
187,500.00
46,875.00
140,625.00
UEZ FY23
1,702,711.99
1,702,711.99
-
NJACCHO ENHANCING LOCAL PUBLIC HEALTH FY24
648,175.00
66,346.14
581,828.86
DCA LEAD GRANT ASSISTANCE PROGRAM
87,700.00
87,700.00
STRENGTHENING LOCAL PUBLIC HEALTH 2024
406,046.00
293,542.14
112,503.86
IT PAYS TO PLUG IN EVLVL-2022-00800
24,000.00
24,000.00
IT PAYS TO PLUG IN EVLVL-2022-00801
24,000.00
24,000.00
IT PAYS TO PLUG IN EVLVL-2022-00803
24,000.00
24,000.00
SPOTTED LANTERNFLY GRANT-DEPT OF AGRICULTURE
15,000.00
15,000.00
NATIONAL OPIOID SETTLEMENT FUNDS (INCL UNAPPROP)
163,302.46
163,302.46
CLEAN COMMUNITIES 2023
104,355.44
44,157.39
60,198.05
PAGE TOTALS
14,761,772.15
3,523,047.14
15,000.00
2,941,302.23
-
4,007.82
15,354,509.24
Sheet
11.2
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2023
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2023
Budget
Appropriation
Dec. 31, 2023
By 40A:4-87
PREVIOUS PAGE TOTALS
14,767,466.23
4,504,267.94
3,739,233.80
3,377,630.01
-
4,007.82
19,629,330.14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
14,767,466.23
4,504,267.94
3,739,233.80
3,377,630.01
-
4,007.82
19,629,330.14
Sheet 11
Totals
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2023
Grant
Budget Appropriations
Balance
Received
Other
Balance
Jan. 1, 2023
Budget
Appropriation
Dec. 31, 2023
By 40A:4-87
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
ALCOHOL EDUCATION & REHABILITATION FUNDS
9,604.80
9,604.80
-
NATIONAL OPIOID SETTLEMENT FUNDS
67,499.00
67,499.00
24,404.13
24,404.13
ARP STATE AND LOCAL FISCAL RECOVERY FUNDS
1,440,400.00
1,440,400.00
-
CLEAN COMMUNITIES
104,355.44
104,355.44
-
2023 BODY ARMOR GRANT
10,930.06
10,930.06
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
1,621,859.24
1,621,859.24
-
35,334.19
-
35,334.19
Sheet 12
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2023
Grant
Budget Appropriations
Debit
Credit
Balance - January 1, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2022 - 2023)
xxxxxxxxxxx
Levy School Year July 1, 2023 - June 30, 2024
xxxxxxxxxxx
Levy Calendar Year 2023
xxxxxxxxxxx
6,167,454.80
Paid
6,167,454.80
xxxxxxxxxx
Balance - December 31, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
6,167,454.80
6,167,454.80
Board of Education for use of local schools.
# Must include unpaid requisitions.
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance - January 1, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2022 - 2023)
xxxxxxxxxxx
Levy School Year July 1, 2023 - June 30, 2024
xxxxxxxxxxx
Levy Calendar Year 2023
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Debit
Credit
Balance - January 1, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2022 - 2023)
xxxxxxxxxxx
Levy School Year July 1, 2023 - June 30, 2024
xxxxxxxxxxx
Levy Calendar Year 2023
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2023
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
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, 2023
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
2023 Levy:
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
9,597,491.73
County Library
xxxxxxxxxxx
County Health
xxxxxxxxxxx
County Open Space Preservation
xxxxxxxxxxx
277,509.36
Due County for Added and Omitted Taxes
xxxxxxxxxxx
Paid
9,875,001.09
xxxxxxxxxx
Balance - December 31, 2023
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
-
xxxxxxxxxx
9,875,001.09
9,875,001.09
Debit
Credit
Balance - January 1, 2023
xxxxxxxxxxx
2023 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 2023 Levy
xxxxxxxxxxx
-
Paid
xxxxxxxxxx
Balance - December 31, 2023
-
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
-
-
Surplus Anticipated with Prior Written Consent of
Director of Local Government Services
-
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
37,130,122.18
37,140,140.76
10,018.58
Added by N.J.S.A. 40A:4-87 (List on 17a)
11,397,415.45
11,397,415.45
-
-
-
Total Miscellaneous Revenue Anticipated
48,527,537.63
48,537,556.21
10,018.58
Receipts from Delinquent Taxes
8,000.00
12,840.05
4,840.05
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a) Local Tax for Municipal Purposes
43,089,385.44
xxxxxxxxx
xxxxxxxxx
(b) Addition to Local District School Tax
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
872,047.00
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
43,961,432.44
46,070,327.74
2,108,895.30
92,496,970.07
94,620,724.00
2,123,753.93
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
xxxxxxxxx
61,075,179.41
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
6,167,454.80
xxxxxxxxx
Regional School Tax
-
xxxxxxxxx
Regional High School Tax
-
xxxxxxxxx
County Taxes
9,875,001.09
xxxxxxxxx
Due County for Added and Omitted Taxes
-
xxxxxxxxx
Special District Taxes
-
xxxxxxxxx
Municipal Open Space Tax
xxxxxxxxx
Municipal Arts and Culture Tax
xxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxx
1,037,604.22
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxx
-
Balance for Support of Municipal Budget (or)
46,070,327.74
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxx
62,112,783.63
62,112,783.63
Source
STATEMENT OF GENERAL BUDGET REVENUES 2023
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
ISA POLICE OFF DUTY DETAILS
231,182.50
231,182.50
-
ISA SCHOOL CROSSING GUARDS
361,604.18
361,604.18
-
ISA SCHOOL RESOURCE OFFICERS
65,394.97
65,394.97
-
NJDOT FY24 MA 18TH, 19TH & 16TH ST IMPROV
860,394.00
860,394.00
-
TY23 SUPPLEMENTAL TA
7,000,000.00
7,000,000.00
-
JAG GRANT
28,718.00
28,718.00
-
SPOTTED LANTERNFLY TREATMENT
15,000.00
15,000.00
-
DCA LOCAL RECREATION-POOL IMPROVEMENTS
97,000.00
97,000.00
-
FY23 CONGRESSIONAL GRANT-CENTRAL AVE
1,103,850.00
1,103,850.00
-
HC OPEN SPACE-4100 PALISADE AVE ACQUISIT
147,225.00
147,225.00
-
FY23 COPS TECH & EQUIPMENT GRANT
1,200,000.00
1,200,000.00
-
BULLETPROOF VEST GRANT
42,296.80
42,296.80
-
HC OPEN SPACE-WASHINGTON PARK SOCCER FIEL
201,000.00
201,000.00
-
PEDESTRIAN SAFETY
35,000.00
35,000.00
-
DRIVE SOBER YR END HOLIDAY CRACKDOWN
8,750.00
8,750.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
11,397,415.45
11,397,415.45
-
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 2023
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S.A. 40A:4-87
Source
tzucca@ucnj.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
11,397,415.45
11,397,415.45
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
11,397,415.45
11,397,415.45
-
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 2023
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S.A. 40A:4-87
Source
tzucca@ucnj.com
2023 Budget As Adopted
81,099,554.62
2023 Budget - Added by N.J.S.A. 40A:4-87
11,397,415.45
Appropriated for 2023 (Budget Statement Item 9)
92,496,970.07
Appropriated for 2023 by Emergency Appropriation (Budget Statement Item 9)
779,411.00
Total General Appropriations (Budget Statement Item 9)
93,276,381.07
Add: Overexpenditures (see footnote)
6,819,280.37
Total Appropriations and Overexpenditures
100,095,661.44
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
97,183,665.72
Paid or Charged - Reserve for Uncollected Taxes
1,037,604.22
Reserved
1,413,563.83
Total Expenditures
99,634,833.77
Unexpended Balances Canceled (see footnote)
460,827.67
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".
2023 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 2023
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
10,018.58
Delinquent Tax Collections
xxxxxxxxx
4,840.05
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
2,108,895.30
Unexpended Balances of 2023 Budget Appropriations
xxxxxxxxx
460,827.67
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
1,004,964.34
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 2022 Appropriation Reserves
xxxxxxxxx
109,923.70
Prior Years Interfunds Returned in 2023
xxxxxxxxx
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2023
-
xxxxxxxxx
Balance - December 31, 2023
xxxxxxxxx
-
Deficit in Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues Anticipated
-
xxxxxxxxx
Delinquent Tax Collections
-
xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes
-
xxxxxxxxx
Interfund Advances Originating in 2023
4,552,089.65
xxxxxxxxx
Prior Year refunds
13,422.50
Cancel Grant Balances
837.91
Tax Lien Payments to Vendors (net)
31,319.47
Lapse Debt Service to Operations
91,802.34
Cancel ISA Balance
486.03
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
804,235.70
Surplus Balance - To Surplus (Sheet 21)
-
xxxxxxxxx
4,596,831.62
4,596,831.62
Sheet 19
RESULTS OF 2023 OPERATIONS
CURRENT FUND
-
xxxxxxxxx
Amount Realized
PREVIOUS PAGE TOTALS
-
FORECLOSED PROPERTY FEES
6,000.00
31st STREET PARKING LOT
2,190.00
LEA REBATE
41,406.31
COPIES OF REPORTS
19,377.00
POLICE DETAILS ADMIN FEES
95,400.00
BOARD OF ED REIMBURSEMENT FY22
799,206.13
SENIOR CITIZEN & VET ADMIN FEE
543.07
RECYCLING FEES
2,153.20
MISCELLANEOUS
38,688.63
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
1,004,964.34
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20 Totals
Debit
Credit
1.
Balance - January 1, 2023
xxxxxxxxx
9,348,058.96
2.
xxxxxxxxx
3.
Excess Resulting from 2023 Operations
xxxxxxxxx
-
4.
Amount Appropriated in the 2023 Budget - Cash
-
xxxxxxxxx
5.
Amount Appropriated in 2023 Budget - with Prior
Written Consent of Director of Local Government Services
-
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2023
9,348,058.96
xxxxxxxxx
9,348,058.96
9,348,058.96
Cash
411,286.98
Investments
Cash - Other
6,890,712.06
Sub Total
7,301,999.04
Deduct Cash Liabilities Marked with "C" on Trial Balance
18,650,471.20
Cash Surplus
(11,348,472.16)
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
-
Deferred Charges #
18,645,443.42
Cash Deficit #
804,235.70
Prepaid Debt
1,246,852.00
Total Other Assets
20,696,531.12
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
9,348,058.96
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2024 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
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 2023
ANALYSIS OF BALANCE AS AT DECEMBER 31, 2023
(FROM CURRENT FUND - TRIAL BALANCE)
1.
Amount of Levy as per Duplicate (Analysis) #
$
61,016,242.47
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.
$
2,470.31
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
298,418.82
5a. Subtotal 2023 Levy
$
61,317,131.60
5b. Reductions Due to Tax Appeals**
$
204,034.39
5c. Total 2023 Tax Levy
$
61,113,097.21
6.
Transferred to Tax Title Liens
$
1,507.56
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
9.
Discount Allowed
$
10. Collected in Cash: In 2022
$
146,707.39
In 2023*
$
60,928,472.02
Homestead Benefit Credit
$
-
State's Share of 2023 Senior Citizens
and Veterans Deductions Allowed
$
-
Total To Line 14
$
61,075,179.41
11. Total Credits
$
61,076,686.97
12. Amount Outstanding December 31, 2023
$
36,410.24
13. Percentage of Cash Collections to Total 2023 Levy,
(Item 10 divided by Item 5c) is
99.93%
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
$
61,075,179.41
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
-
To Current Taxes Realized in Cash (Sheet 17)
$
61,075,179.41
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 2023 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 - 2023 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
$
61,075,179.41
LESS : Proceeds from Accelerated Tax Sale
487,839.58
Net Cash Collected
$
60,587,339.83
Line 5c (sheet 22) Total 2023 Tax Levy
$
61,113,097.21
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.14%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)
$
61,075,179.41
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
61,075,179.41
Line 5c (sheet 22) Total 2023 Tax Levy
$
61,113,097.21
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.94%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2023
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, 2023
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
23,403.47
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Senior Citizens Deductions Per Tax Billings
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
xxxxxxxxx
5.
Deductions Allowed By Tax Collector - Prior Year Taxes (2022)
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
8.
Deductions Disallowed By Tax Collector - Prior Year Taxes (2022)
xxxxxxxxx
9.
Received in Cash from State
xxxxxxxxx
23,403.47
10.
11.
12. Balance - December 31, 2023
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
-
Due To State of New Jersey
-
xxxxxxxxx
23,403.47
23,403.47
Calculation of Amount to be included on Sheet 22, Item 10 -
2023 Senior Citizens and Veterans Deductions Allowed
Line 2
-
Line 3
-
Line 4
-
Sub - Total
-
Less: Line 7
-
To Item 10, Sheet 22
-
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit
Credit
Balance - January 1, 2023
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, 2023
-
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, 2023
2/20/2024
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 2023 Taxes Collected which are
Pending State Appeal (Item 14, Sheet 22)
sschulman@ucnj.com
T-334
1. Balance - January 1, 2023
53,030.50
xxxxxxxxx
A. Taxes
20,458.06
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
32,572.44
xxxxxxxxx
xxxxxxxxx
2. Canceled:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
3,629.49
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
1,190.33
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
50,591.34
8.
Totals
54,220.83
54,220.83
9. Balance Brought Down
50,591.34
xxxxxxxxx
10. Collected:
xxxxxxxxx
12,840.05
A. Taxes
12,840.05
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2023 Tax Sale
128.58
xxxxxxxxx
12. 2023 Taxes Transferred to Liens
1,507.56
xxxxxxxxx
13. 2023 Taxes
36,410.24
xxxxxxxxx
14. Balance - December 31, 2023
xxxxxxxxx
75,797.67
A. Taxes
40,398.76
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
35,398.91
xxxxxxxxx
xxxxxxxxx
15.
Totals
88,637.72
88,637.72
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
25.37%
17. Item No.14 multiplied by percentage shown above is
19,229.87
and represents the
maximum amount that may be anticipated in 2024.
(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, 2023
xxxxxxxxx
2. Foreclosed or Deeded in 2023
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, 2023
xxxxxxxxx
-
-
-
Debit
Credit
15. Balance - January 1, 2023
xxxxxxxxx
16. 2023 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2023
xxxxxxxxx
-
-
-
Debit
Credit
20. Balance - January 1, 2023
xxxxxxxxx
21. 2023 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2023
xxxxxxxxx
-
-
-
Analysis of Sale of Property:
$
-
*Total Cash Collected in 2023
Realized in 2023 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, 2022
Amount in
Amount
Balance
per Audit
2023
Resulting from
as at
Report
Budget
2023
Dec. 31, 2023
Emergency Authorization -
Municipal*
$
$
$
$
-
Emergency Authorization -
Schools
$
$
$
$
-
Overexpenditure of Appropriations
$
$
$
6,819,280.37
$
6,819,280.37
$
1,458,476.05
$
$
$
1,458,476.05
$
$
$
804,235.70
$
804,235.70
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
TOTAL DEFERRED CHARGES
$
1,458,476.05
$
-
$
7,623,516.07
$
9,081,992.12
*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 2023
1.
$
2.
$
3.
$
4.
$
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
On Account of
In Favor of
Deficit in Operations TY23
Overexpend Appropriation Reserves
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, 2022
By 2023
Canceled
Dec. 31, 2023
Authorized*
Budget
By Resolution
PREPARATION OF TAX MAP-NOTE
194,500.00
38,900.00
77,800.00
77,800.00
RETIREMENT BENEFITS-NOTE
673,828.98
134,765.80
269,000.00
269,000.00
RETIREMENT BENEFITS-NOTE
1,012,741.16
202,548.23
167,000.00
167,000.00
RETIREMENT BENEFITS-NOTE
733,554.69
146,710.94
119,200.00
119,200.00
RETIREMENT BENEFITS FY21
1,093,199.00
218,639.80
597,099.00
597,099.00
RETIREMENT BENEFITS FY22
1,292,597.00
258,519.40
1,034,077.00
1,034,077.00
RETIREMENT BENEFITS FY23
995,000.00
199,000.00
995,000.00
995,000.00
RETIREMENT BENEFITS TY23
779,411.00
155,882.20
-
779,411.00
BUDGET DEFICIT DUE TO HEALTH INSURANCE
6,050,000.00
1,210,000.00
2,420,000.00
1,210,000.00
1,210,000.00
####
HEALTH INSURANCE & SOLID WASTE (COVID)-NOTE 6/23/20
5,476,657.26
1,095,331.45
3,283,600.00
3,283,600.00
COVID-19 REVENUE LOSS-NOTE
1,726,142.95
345,228.59
1,035,500.00
1,035,500.00
REVALUATION
1,000,000.00
200,000.00
800,000.00
800,000.00
Totals
21,027,632.04
4,205,526.41
10,798,276.00
1,210,000.00
-
10,367,687.00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.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, 2023' must be entered here and then raised in the 2024 budget.
REDUCED IN
Sheet 29
Date
Purpose
4/16/2020
6/30/2020
6/30/2019
6/30/2018
6/30/2021
6/30/2022
6/30/2023
12/31/2023
6/24/2019
tzucca@ucnj.com
Chief Financial Officer
2023
11/10/2020
6/21/2021
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, 2022
By 2023
Canceled
Dec. 31, 2023
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, 2023' must be entered here and then raised in the 2024 budget.
REDUCED IN
Sheet 30
Date
Purpose
Chief Financial Officer
2023
Debit
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
4,975,000.00
Outstanding - December 31, 2023
59,445,000.00
64,420,000.00
2024 Bond Maturities - General Capital Bonds
$
2024 Interest on Bonds*
$
1,261,511.03
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Bond Maturities - Assessment Bonds
$
2024 Interest on Bonds*
$
Total "Interest on Bonds - Debt Service" (*Items)
$
2024 Maturity
Interest
Rate
Total
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2024 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2024 Debt Service
Credit
64,420,000.00
4,455,000.00
xxxxxxxxx
1,261,511.03
xxxxxxxxx
-
xxxxxxxxx
xxxxxxxxx
64,420,000.00
ASSESSMENT SERIAL BONDS
Sheet 31
LIST OF BONDS ISSUED DURING 2023
-
Date of
Issue
Purpose
Amount Issued
Debit
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
38,040.33
Refunded
Outstanding - December 31, 2023
697,746.68
735,787.01
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for GREEN TRUST Loan
$
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for Loan
$
2024 Maturity
Interest
Rate
Total
-
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2023
-
Date of
Issue
Amount Issued
LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2024 DEBT SERVICE FOR LOANS
GREEN TRUST LOAN
2024 Debt Service
Credit
735,787.01
xxxxxxxxx
xxxxxxxxx
Purpose
-
735,787.01
xxxxxxxxx
-
xxxxxxxxx
Debit
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2023
-
-
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for Loan
$
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for Loan
$
2024 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2024 DEBT SERVICE FOR LOANS
LOAN
Credit
2024 Debt Service
xxxxxxxxx
xxxxxxxxx
-
LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2023
Purpose
Amount Issued
Date of
Issue
Sheet 31a.1
-
Debit
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2023
-
-
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for Loan
$
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Loan Maturities
$
2024 Interest on Loans
$
Total 2024 Debt Service for Loan
$
2024 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2024 DEBT SERVICE FOR LOANS
LOAN
Credit
2024 Debt Service
xxxxxxxxx
xxxxxxxxx
-
LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2023
Purpose
Amount Issued
Date of
Issue
Sheet 31a.2
-
Debit
Outstanding - January 1, 2023
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Bond Maturities - Term Bonds
$
2024 Interest on Bonds
$
Outstanding - January 1, 2023
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2023
-
-
2024 Interest on Bonds
$
2024 Bond Maturities - Term Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2024 Maturity
-01
Interest
Rate
Total
-
Outstanding
Dec. 31, 2023
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
6,493,000.00
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
2024 Interest
Sheet 32
298,010.46
Requirement
xxxxxxxxx
2024 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Purpose
Date of
Issue
xxxxxxxxx
Amount Issued
-02
-
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2023
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2024 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2024 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, 2023
7,620,000.00
9/20/2019
7,038,000.00
07/24/24
5.0000%
291,000.00
350,922.50
07/23/24
7,000,000.00
7/6/2015
5,464,000.00
04/05/24
4.2500%
256,000.00
231,574.94
04/04/24
10,000,000.00
4/18/2022
10,000,000.00
04/05/24
4.2500%
-
423,819.45
04/04/24
Page Totals
24,620,000.00
22,502,000.00
547,000.00
1,006,316.89
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 2021 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2024 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
2024 Budget Requirements
Various Capital Improvements/Acquisition of
Various Capital Equipment
Various Capital Improvements
Various Capital Improvements/Acquisition of
Various Capital Equipment
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, 2023
PREVIOUS PAGE TOTALS
24,620,000.00
22,502,000.00
547,000.00
1,006,316.89
PAGE TOTALS
24,620,000.00
22,502,000.00
547,000.00
1,006,316.89
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 2021 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2024 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)
2024 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, 2023
PREVIOUS PAGE TOTALS
24,620,000.00
22,502,000.00
547,000.00
1,006,316.89
PAGE TOTALS
24,620,000.00
22,502,000.00
547,000.00
1,006,316.89
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 2021 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2024 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)
2024 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, 2023
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 2021 or prior must be appropriated in full in the 2024 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
2024 Budget Requirements
Amount
Lease Obligation Outstanding
Dec. 31, 2023
For Principal
For Interest/Fees
1.
259,750.20
126,161.79
8,197.54
2.
153,382.74
49,628.28
4,588.04
3.
470,942.91
193,359.94
21,396.78
4.
5.
6.
-
7.
8.
122,093.00
122,093.00
2,594.47
9.
118,748.00
118,748.00
3,206.18
10.
585,375.00
585,375.00
15,600.24
11.
12.
13.
14.
Total
1,710,291.85
1,195,366.01
55,583.25
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sheet
34a
Purpose
2024 Budget Requirements
Ambulance leases
Sweeper Lease
Vehicles
North Hudson Regional Fire & Rescue-HCIA Series 2011 A&B
Leases Approved by LFB prior to July 1, 2007:
North Hudson Regional Fire & Rescue-HCIA Series 2006A
North Hudson Regional Fire & Rescue-HCIA Series 2006B
North Hudson Regional Fire & Rescue-HCIA Series 2004
2023
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
Pave Bergenline Avenue (Ord 14-2011&08-2013)
-
-
Washington Park (Ord 08-2013)
-
-
-
Various Capital Improvements/Acquisition of
-
Various Capital Equipment (Ord 01-2014)
753.02
753.00
0.02
Reconstruct/Repave Summit Ave (Oct 2014)
-
-
Improvement to 17th St (Ord 2017-10)
-
CIF Various Improvements to City Parks (2017-13)
10,645.00
2,497.50
8,147.50
Various Capital Improvements (Ord 2017-18)
540,604.08
(162,322.11)
702,926.19
Various Park Improvements (Ord 2017-19)
118,135.33
-
118,135.33
Repair Various City Roads (Ord 2018-32)
24,219.03
24,219.03
-
Various Capital Improvements/Acquisition of
Various Capital Equipment (Ord 2018-36)
2,769,278.72
657,952.30
2,111,326.42
Replacement of Lead Water Services (2019-17)
-
-
Various Capital Improvements (Ord 2020-05)
-
-
Various Road Improvements (Ord 2020-16)
29,780.10
229.40
29,550.70
Replace Street Lights (Ord 2020-18)
-
-
Various Sidewalk Repairs (Ord 2020-25)
-
(3,367.67)
3,367.67
Road Repaving & Repairs (Ord 2020-26)
-
(172.61)
172.61
-
Page Total
723,383.54
2,770,031.74
-
-
519,788.84
-
862,300.00
2,111,326.44
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, 2023
Balance - December 31, 2023
2023
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
723,383.54
2,770,031.74
-
-
519,788.84
-
862,300.00
2,111,326.44
Various Capital Improvements/Acquisition of
Various Capital Equipment (Ord 2021-02)
2,445,342.60
138,510.57
2,306,832.03
CIF Summit Ave. & 38th St. Garage Repairs (Ord 22-04-
377,362.67
-
377,362.67
Ellsworth Park Improvements (Ord 2011-14)
1,210.07
1,210.07
CIF Acquisition of Equipment/Improvements Additional
-
-
Transitional Aid (Ord 2022-08)
1,700,000.00
1,700,000.00
CIF Reconstruct DPW Facility-Additional Transitional
-
-
-
Aid (Ord 2022-09)
2,969,845.00
2,969,845.00
CIF Central Ave Street Lighting (Ord 2023-58)
155.75
155.75
CIF Various Road Improvements (Ord 2023-62)
300,000.00
300,000.00
-
CIF Various Improvements-Bergenline Avenue
-
-
Phase 2 (Ord 2023-66)
299,339.65
299,339.65
-
CIF Supplemental TA Acquisition of Capital Equip &
-
Various Capital Improvemeents (Ord 2023-76)
7,000,000.00
3,157,000.00
3,843,000.00
-
PAGE TOTALS
6,371,296.68
5,215,374.34
7,000,000.00
-
4,414,639.06
-
9,753,873.49
4,418,158.47
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, 2023
Balance - December 31, 2023
2023
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
6,371,296.68
5,215,374.34
7,000,000.00
-
4,414,639.06
-
9,753,873.49
4,418,158.47
PAGE TOTALS
6,371,296.68
5,215,374.34
7,000,000.00
-
4,414,639.06
-
9,753,873.49
4,418,158.47
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, 2023
Balance - December 31, 2023
IMPROVEMENTS
Specify each authorization by purpose. Do
2023
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
6,371,296.68
5,215,374.34
7,000,000.00
-
4,414,639.06
-
9,753,873.49
4,418,158.47
GRAND TOTALS
6,371,296.68
5,215,374.34
7,000,000.00
-
4,414,639.06
-
9,753,873.49
4,418,158.47
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, 2023
Balance - December 31, 2023
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2023
xxxxxxxxx
1,532,810.93
Received from 2023 Budget Appropriation*
xxxxxxxxx
FY23 Supplemental Transitional Aid for Capital Projects
xxxxxxxxx
7,000,000.00
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
7,000,000.00
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2023
1,532,810.93
xxxxxxxxx
8,532,810.93
8,532,810.93
*The full amount of the 2023 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, 2023
xxxxxxxxx
Received from 2023 Budget Appropriation*
xxxxxxxxx
Received from 2023 Emergency Appropriation*
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2023
-
xxxxxxxxx
-
-
*The full amount of the 2023 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
HUDSON AVE IMPROVEMENTS
3,000,000.00
3,000,000.00
707 SUMMIT AVE BLDG ACQUISITION
3,000,000.00
3,000,000.00
BIKE LANES VARIOUS STREETS
250,000.00
250,000.00
REPAIR VARIOUS SEWER LINES
150,000.00
150,000.00
ACQUIRE & INSTALL ST SIGNS
157,000.00
157,000.00
SIDEWALK REPAIRS CITY WIDE
280,000.00
280,000.00
POTHOLE REPAIRS CITY WIDE
163,000.00
163,000.00
Total
7,000,000.00
-
-
7,000,000.00
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in
column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 37
CAPITAL IMPROVEMENTS AUTHORIZED IN 2023
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
Purpose
Debit
Credit
Balance - January 1, 2023
xxxxxxxxx
117,927.53
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Premium on Sale of Notes
76,266.99
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2023 Budget Revenue
xxxxxxxxx
Balance - December 31, 2023
194,194.52
xxxxxxxxx
194,194.52
194,194.52
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2023
A.
1.
Total Tax Levy for Year 2023 was
$
2.
Amount of Item 1 Collected in 2023 (*)
$
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 2023?
YES
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2023?
YES
If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C.
Does the appropriation required to be included in the Calendar Year 2024 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
NO
D.
1.
Cash Deficit 2022
$
2.
4% of 2022 Tax Levy for all purposes:
Levy --
$
=
$
3.
Cash Deficit 2023
$
4.
4% of 2023 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)
-
-
-
-
-
61,317,131.60
42,921,992.12
61,075,179.41
Answer YES or NO
Answer YES or NO
Unpaid
Total
2023
Answer YES or NO
Sheet 39
2022
-
-
-
-
-
-
-
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 2023, please observe
instructions of Sheet 2.
UTILITIES ONLY
Sheet 40
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