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Annual Debt Statement

BID #: 0910

ISSUED: 7/21/2016

DUE: TBD

VALUE: $103,281,916.23

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Executive Summary

This document is the Annual Debt Statement for Union City, County of Hudson, New Jersey, for the budget year ending June 30, 2016. It provides a detailed breakdown of the city's gross debt, including bonds and notes for local school purposes, regional school purposes, utility funds, and other municipal obligations. The statement also includes deductions applicable to these debts and calculations of self-liquidating utility debt.

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--- Document: Annual Debt Statement Document ---
ADS File Name: 0910_ads 2016.xls
Press here to Email the ADS if not using Microsoft outlook when completed |
State of New Jersey
Department of Community Affairs
Annual Debt Statement
0910
0910 Union City City - County of Hudson
Date Prepared:
21-Jul-2016
Budget Year Ending: 30-Jun-2016
(Month-DD)
2016 (year)
Name: Susan M. Colditz
Title: Acting CFO
Address: 3715 Palisade Avenue
Union City, NJ 07087
Phone: 201-348-5846
Fax: 201-348-0639
Email: scolditz@ucnj.com
CFO Cert #: Pending
Susan M. Colditz, being duly sworn, deposes and says: Deponent is the Chief Financial Officer of 0910 Union City City -
County of Hudson here and in the statement hereinafter mentioned called the local unit. This Annual Debt Statement is
a true statement of the debt condition of the local unit as of the date therein stated above 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
(The Email function will not work until you acknowledge the above
Gross Debt
Deduction
Total Bonds and Notes for Local School Purposes
$ 10,000,000.00 $ 10,000,000.00 $
Total Bonds and Notes for Regional School Purposes
$
$
$
$
1.
$
$
$
$
$
$
$
$
Net Debt
Municipal/County General Obligations
Total
$
$
$
$ 103,281,916.23 $ 11,185,000.00
$
92,096,916.23
$ 113,281,916.23 $ 21,185,000.00 $
92,096,916.23
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).
Year
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2014 RR Property
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2015 RR Property
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2016 RR Property
Equalized Valuation Basis - Average of (1), (2) and (3)..
Net Debt expressed as a percentage of such equalized valuation basis is: %
$
2,946,125,547.00
$
3,169,641,570.00
$
3,383,762,365.00
$
3,166,509,827.33
2.908%
summary
Page 1
BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one):
Type II
1 Term Bonds
$
2 Serial Bonds
(a) Issued
$
(b) Authorized but not issued
$10,000,000.00
3 Temporary Notes
(a) Issued
(b) Authorized but not issued
$
$
4 Total Bonds and Notes
$ 10,000,000.00
DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR 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
5 such bonds.
$
Tunas on nana um most caseS WIICIC suun munus Camol vc uiveLCULU
purposes other than the payment of bonds and notes included in Line
6 4.
$
Estimated proceeds of bonds and notes authorized but not issued
where such proceeds will be used for the sole purpose of paying
7 bonds and notes included in Line 4.
$
$
3,166,509,827.33 4.00% $ 126,660,393.09
8% of average of equalized valuations
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
Total Allowable Deduction
S 126,660,393.09
$
10,000,000.00
local school
Page 2
BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 1
Regional School District
1
TERM BONDS
2 SERIAL BONDS
(a) Issued
(b) Authorized but not issued
(a) Issued
3 TEMPORARY BONDS AND NOTES
(b) Authorized but not issued
4 TOTAL OF REGIONAL SCHOOL BONDS AND NOTES
$
$
$
$
S
NJSA 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."
COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT
% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY
APPORTIONMENT OF DEBT - Dec. 31 2013
Municipality
Average Equalized %
Valuations
Serial Bonds
Issued
Temp. Bond-
Authorized
Notes Issued
But not Issued
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
Totals
$
0.00% $
$
$
regional school 1
Page 3
BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 2
Regional School District
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
$
$
$
$
$
NJSA 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."
COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT
% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY
Totals
Municipality
APPORTIONMENT OF DEBT - Dec. 31 2013
Average Equalized %
Valuations
Serial Bonds
Issued
Temp. Bond-
Authorized
Notes Issued
But not Issued
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0% $
$
$
$
0.00% $
$
$
regional school 2
Page 4
IV. None
1. Term bonds
BONDS AND NOTES FOR UTILITY FUND
Utility
$
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
S
$
$
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
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)
(b)
Interest on Refunding Bonds
$
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
None
System Debt
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
S
(c) Deduction
times 20
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
(f) Non Deductible Combined GO Debt
utility I
$
$
$
$
Page 5
IV. None
1. Term bonds
BONDS AND NOTES FOR UTILITY FUND
Utility
$
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
$
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
1. Total Cash Receipts from Fees, Rents or Other Charges for Year
2. Operating and Maintenance Cost
3. Debt Service
S
$
(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)
(b)
Interest on Refunding Bonds
$
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
None
System Debt
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$
(c) Deduction
times 20
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
(f) Non Deductible Combined GO Debt
utility II
$
$
$
$
Page 6
IV. None
1. Term bonds
BONDS AND NOTES FOR UTILITY FUND
Utility
$
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
$
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
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)
(b)
Interest on Refunding Bonds
$
Refunding Bonds
S
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
None
System Debt
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$
(c) Deduction
times 20
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
(f) Non Deductible Combined GO Debt
utility III
$
$
$
$
Page 7
IV. None
1. Term bonds
BONDS AND NOTES FOR UTILITY FUND
Utility
$
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
$
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
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)
(b)
Interest on Refunding Bonds
$
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
None
System Debt
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$
(c) Deduction
times 20
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)
(f) Non Deductible Combined GO Debt
utility IV
$
$
$
$
$
$
$
$
$
$
Page 8
OTHER BONDS, NOTES AND LOANS - Page 1
1 TERM BONDS (state purposes separately)
(1)
(2)
(3)
(4)
(5)
Total Term Bonds
2 SERIAL BONDS (state purposes separately)
$
$
S
$
$
(a) Issued
(1)
ERI Pension Bonds
$
11,185,000.00
(2)
Refunding Bonds Series 2007A
$
24,305,000.00
(3)
Refunding Bonds Series 2007B
$
3,558,533.00
(4)
$
(5)
S
(6)
$
(7)
$
(8)
$
(9)
$
(10)
$
(11)
$
(12)
$
(13)
$
(14)
$
(15)
$
(16)
$
(17)
$
(18)
$
(19)
$
(20)
$
(21)
$
(22)
$
(23)
$
(24)
$
(25)
$
(26)
S
(27)
$
(28)
$
(29)
$
(30)
S
(31)
$
(32)
$
(33)
$
(34)
$
(35)
$
(36)
$
(37)
$
(38)
$
(39)
$
(40)
$
(41)
$
(42)
$
(43)
$
(44)
S
(45)
$
(46)
$
(47)
$
(48)
$
(49)
$
(50)
$
(51)
$
(52)
$
(53)
$
(54)
$
(55)
$
(56)
S
(57)
$
(58)
$
(59)
$
(60)
$
(61)
$
(62)
$
(63)
$
(64)
$
$
Total Serial Bonds Issued
(b) Bonds Authorized but not Issued
$
39,048,533.00
(1)
Improvement to Ellsworth Park 2011-14
$
4.824.00
(2)
Washington Park 2013-8
$
4,959,000.00
(3)
Reconstructin of Various Streets 2013-8
$
950,000.00
(4)
Various Capital Improvements 2013-11
$
1,930,717.75:
(5)
Various Capital Improvements 2014-01
$
10,640,000.00
Total Serial Bonds Authorized but not Issued
$
18,484,541.75
3 Total Serial Bonds Issued and Authorized but not Issued
$
57,533,074.75
muni bonds issued
Page 9
OTHER BONDS, NOTES AND LOANS - Page 2
4 BOND ANTICIPATION NOTES (state purposes separately)
(a) Issued
(1) Traffic Light Improvements
69
$
603,105.00
(2) 24th Street Park Improvements
$
371,080.00
(3) Contruction of New Parking Deck
$
1,376,450.00
(4) Construction of Doric Water Park
$
4,645,521.00
(5) Reconstruction of 39th Street Skate Park
$
258,084.00
(6) Reconstruction of Roof Jose Marti Park
$
86,028.00
(7) Street Improvements-Broadway&Park Avenue
$
2,236,732.00
(8) Supplemental Funding Ampitheater Park
(9) 17th Street Park Improvements
$$
605,000.00
306,000.00
(10) Reconstruction of New York Avenue
$
2,371,490.00
(11) Ellsworth Park Improvements
$
2,371,490.00
(12) Reconstruction of 34th Street
$
215,240.00
(13) 44th and 45th Street Park Improvements
$
101,830.00
(14) DPW Rood Reconstruction
$
283,820.00
(15) Leggerio Park Improvements
$
596,140.00
(16) Traffic Signals, Sidewalks
$
224,740.00
(17) Pave Bergenline Avenue
(18) Various Equipment Police
(19) Reconstruction Roof Amb Building
(20) Improvements to City Parks
(21) Reconstruction of 15th Street
(22) Reconstruction of 16th Street
(23) Computer Upgrades
$$$$$$$
73,330.00
948,540.00
118,160.00
248,490.00
288,570.00
141,160.00
73,000.00
(24) Tax Refunding
$
110,000.00
(25) Improvement to Parks/Roads; Acquisition of
Municipal Building
(26) Property & Equipment; and Improvements to
(27)
$
17,360,000.00
(28) Improvement to Parks/Roads; Acquisition of
(29) Property & Equipment; and Improvements to
(30)
Municipal Building
$
7,000,000.00
(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
muni notes issued
$
43,014,000.00
Page 10
OTHER BONDS, NOTES AND LOANS - Page 3a
4 BOND ANTICIPATION NOTES (state purposes separately)
(b) 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)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(36)
(37)
(38)
(39)
(40)
(41)
(42)
(43)
(44)
(45)
muni notes auth a
Page 11
OTHER BONDS, NOTES AND LOANS - Page 3b
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
5 Total Bond Anticipation Notes Issued and Authorized but not Issued
$
$
43,014,000.00
muni notes auth b
Page 12
OTHER BONDS, NOTES AND LOANS - Page 4
6 MISCELLANEOUS BONDS, NOTES AND LOANS
(not including Tax Anticipation Notes, Emergency Notes, Special Emergency Notes and Utility Revenue Notes)
(a) Issued
(1) Capital Notes (N.J.S.A. 40A:2-8)
(2)
Bonds issued by another Public Body Guaranteed by the Municipality
$
1,405,700.00
(3)
Green Trust Loans
$
1,329,141.48
(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 the Municipality
(3)
(4)
(5)
Miscellaneous Bonds and Notes Authorized but not Issued
Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
$
2,734,841.48
$
$
2,734,841.48
Total of all Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
$ 103,281,916.23
muni other
Page 13
DEDUCTIONS APPLICABLE TO OTHER BONDS AND NOTES
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
$
$
(b)
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
(1)
$
(2)
$
(3)
$
$
(c)
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
(1)
$
(2)
$
(3)
$
$
(d)
Accounts receivable from other public authorities applicable only to the
payment of any part of the gross debt not otherwise deductible
(1)
(2)
(3)
$
$
$
2. Bonds authorized by another Public Body to be guaranteed by the municipality
Bonds issued and bonds authorized by not issued to meet cash grants-in-aid for
3. housing authority, redevelopment agency or municipality acting as its local public
agency [N.J.S.A. 55:14B-4.1(d)]
4.
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)
$
$
$
$
5. Refunding Bonds (N.J.S.A 40A:2-52)
(1) ERI Pension Refunding Bonds
(2)
$
11,185,000.00
$
$
11,185,000.00
Total Deductions Applicable to Other Bonds and Notes
$
11,185,000.00
muni deduction
Page 14
Bonds authorized/issued by another Public Body to be guaranteed by the municipality
(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 Bonds and Notes authorized/issued by another Public Body to be
guaranteed by the municipality
$
guarantees in calc
Page 15
SPECIAL DEBT STATEMENT BORROWING POWER
AVAILABLE UNDER NJSA 40A:2-7(f)
1. Balance of debt incurring capacity December 31, 2012 (NJSA 40:1-16(d))
$
2. Obligations heretofore authorized during 2013 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 2012 authorizations repealed during 2013
$
4. Net authorizations during 2013
$
5. Balance of debt incurring capacity December 31, 2013 (NJSA 40:1-16(d))
$
special Debt
Page 16
Obligations NOT Included in Gross Debt
1 Capital Leases and Other Comittments
(1)
HCIA Capital Leases
$
9,344,263.00
(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)
$
Total Leases and Other Comittments
$
9,344,263.00
leases not in calc
Page 17
Obligations NOT Included in Gross Debt
2 Guarantees NOT included in Gross Debt - Public and Private
(1)
$
(2)
$
(3)
$
(4)
$
(5)
$
(6)
$
(7)
$
(8)