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Annual Financial Statement (Unaudited)
BID #: N/A
DUE: 2/10/2025
VALUE: TBD
80
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Executive Summary
The document presented is the Annual Financial Statement (Unaudited) for the Township of West Caldwell, Essex County, New Jersey, for the year 2024. This statement is required to be filed under New Jersey Statutes Annotated 40A:5-12, as amended, and includes information needed prior to the certification of budgets by the Director of the Division of Local Government Services. The document contains various financial schedules, trial balances, and certifications related to the township's financial status as of December 31, 2024.
The report includes sections detailing the Current Fund, Public Assistance Fund, Federal and State Grants, Trust Funds, General Capital Fund, and various utility funds (such as Water and Swimming Pool). It covers assets, liabilities, fund balances, revenues, expenditures, and debt service schedules. Specific schedules address delinquent taxes, foreclosed properties, emergency authorizations, and school taxes. The report requires certification by the Chief Financial Officer, and potentially a Registered Municipal Accountant, ensuring accuracy and compliance with state regulations.
Municipalities are subject to a five dollar per day penalty if the statement is not filed by February 10, 2025. Counties must file by January 26, 2025.
Web Content
Automated discovery link found on West Caldwell website.
Document Text
--- Document: Annual Financial Statement (Unaudited) Document ---
POPULATION LAST CENSUS
NET VALUATION TAXABLE 2024
MUNICODE
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES
ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO
CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT
SERVICES.
of
, County of
Date
1
2
I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a are
complete, were computed by me and can be supported upon demand by a register or
other detailed analysis.
Signature
Title
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement,
(which I have prepared) or
(which I have not prepared)
[eliminate one]
and information required also included herein and that this Statement is an
exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions
are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein
are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records
kept and maintained in the Local Unit.
Further, I do hereby certify that I,
, am the Chief Financial
Officer, License #
, of the
of
, County of
and that the
statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at
December 31, 2024, completely in compliance with N.J.S.A. 40A:5-12, as amended. I also give complete assurance as
to the veracity of required information included herein, needed prior to certification by the Director of Local Government
Services, including the verification of cash balances as of December 31, 2024.
Signature
Title
Address
Phone Number
Fax Number
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED
BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL
STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS
AND ASSERTIONS MADE HEREIN.
Chief Financial Officer
30 Clinton Road
Sheet 1
973-226-2300
973-226-2396
nbaltycki@westcaldwell.com
Examined By:
Preliminary Check
WEST CALDWELL
ESSEX
TOWNSHIP
Examined
nbaltycki@westcaldwell.com
Chief Financial Officer
Nikole Baltycki
N-915
DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2024
(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2025
11,012
0721
2,351,572,700
MUNICIPALITIES - FEBRUARY 10, 2025
ESSEX
WEST CALDWELL
TOWNSHIP
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Account (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statement and analyses included in the
accompanying Annual Financial Statement from the books of account and records made
available to me by the
of
as of as of December 31, 2024 and have applied certain agreed-upon procedures thereon as
promulgated by the Division of Local Government Services, solely to assist the Chief Financial
Officer in connection with the filing of the Annual Financial Statement for the year then
ended as required by N.J.S.A. 40A:5-12, as amended.
Because the agreed-upon procedures do not constitute an examination of accounts made in
accordance with generally accepted auditing standards, I do not express an opinion on any of
the post-closing trial balances, related statements and analyses. In connection with the
agreed-upon procedures,
(except for circumstances as set forth below, no matters)
or
(no matters)
[eliminate one]
came to my attention that caused me to believe that the Annual
Financial Statement for the year ended December 31, 2024 is not in substantial compliance with the
requirements of the State of New Jersey, Department of Community Affairs, Division of Local
Government Services. Had I performed additional procedures or had I made an examination
of the financial statements in accordance with generally accepted auditing standards, other
matters might have come to my attention that would have been reported to the governing
body and Division. This Annual Financial Statement relates only to the accounts and
items prescribed by the Division and does not extend to the financial statements of the
municipality/county taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention of
which the Director should be informed:
Certified by me
this
27
day
, 2025
Samuel Klein and Company LLP
(Firm Name)
WEST CALDWELL
TOWNSHIP
January
Joseph Faccone
(Registered Municipal Accountant)
Sheet 1a
(Address)
973-624-6100
550 Broad Street, 11th Floor
(Address)
973-624-6101
(Phone Number)
(Fax Number)
Newark, NJ 07102
One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
1.
The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2.
All emergencies approved for the previous fiscal year did not exceed 3% of total
appropriations;
3.
The tax collection rate exceeded 90%;
4.
Total deferred charges did not equal or exceed 4% of the total tax levy;
5.
There were no "procedural deficiencies" noted by the registered municipal
accountant on Sheet 1a of the Annual Financial Statement; and
6.
There was no operating deficit for the previous fiscal year.
7.
The municipality did not conduct an accelerated tax sale for less than 3 consecutive
years.
8.
The municipality did not conduct a tax levy sale the previous fiscal year and does
not plan to conduct one in the current year.
9.
The current year budget does not contain a Levy or Appropriation "CAP" waiver.
10.
The municipality has not applied for Transitional Aid for 2025.
11.
The municipality did not adopt a Special Emergency ordinance for COVID-related
expenses or loss of revenue (N.J.S.A. 40A:4-53 (l) and (m)).
The undersigned certifies that this municipality has complied in full in meeting ALL of the
above criteria in determining its qualification for local examination of its Budget in accordance
with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
The undersigned certifies that this municipality does not meet item(s)
of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
CERTIFICATION OF QUALIFYING MUNICIPALITY
N-915
nbaltycki@westcaldwell.com
Sheet 1b
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
TOWNSHIP OF WEST CALDWELL
Nikole Baltycki
TOWNSHIP OF WEST CALDWELL
1/27/2025
Fiscal Year Ending:
(1)
(3)
Federal programs
Expended
Other Federal
(administered by
Programs
the state)
Expended
$
460,153.75
$
$
Type of Audit required by Title 2 U.S. Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.
Single Audit
Program Specific Audit
X
Financial Statement Audit Performed in Accordance
With Government Auditing Standards (Yellow Book)
Note:
All local governments, who are recipients of federal and state awards (financial assistance), must
report the total amount of federal and state funds expended during its fiscal year and the type of audit
required to comply with Title 2 U.S. Code of Federal Regulations (CFR) OMB 15-08. (Uniform
Guidance) and OMB 15-08. The single audit threshold has been been increased to $750,000
beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code of
Federal Regulations (CFR) (Uniform Guidance).
(1)
Report expenditures from federal pass-through programs received directly from state government.
Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance
(CFDA) number reported in the State's grant/contract agreements.
(2)
Report expenditures from state programs received directly from state government or indirectly from
pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there
are no compliance requirements.
(3)
Report expenditures from federal programs received directly from the federal government or indirectly
from entities other than state government.
1/27/2025
Date
Report of Federal and State Financial Assistance
Expenditures of Awards
22-6002391
Fed I.D. #
TOWNSHIP OF WEST CALDWELL
Municipality
ESSEX
County
Sheet 1c
December 31, 2024
(2)
Programs
Expended
State
nbaltycki@westcaldwell.com
Signature of Chief Financial Officer
TOTAL
83,521.59
INSTRUCTIONS
The following certification is to be used ONLY in the event there is NO municipality
operated utility.
If there is a utility operated by the municipality of if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the
document.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the
of
County of
during the year 2024 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining only to utilities.
Name
Title
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered
Municipal Accountant.)
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2025 and filed with the County Board of Taxation on January 10, 2025 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
Sheet 2
MUNICIPALITY
ESSEX
TOWNSHIP OF WEST CALDWELL
COUNTY
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2024
WEST CALDWELL
SIGNATURE OF TAX ASSESSOR
ESSEX
2,360,915,200.00
TOWNSHIP
rhamilton@westcaldwell.com
Debit
Credit
CASH
11,780,277.74
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS
712.50
-
CHANGE FUND
450.00
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
-
CURRENT
167,531.53
SUBTOTAL
167,531.53
TAX TITLE LIENS RECEIVABLE
471,629.99
PROPERTY ACQUIRED FOR TAXES
15,000.00
CONTRACT SALES RECEIVABLE
-
MORTGAGE SALES RECEIVABLE
-
SEWER RENTS RECEIVABLE
60,833.96
OTHER ACCOUNTS RECEIVABLE
82.86
DUE FROM PUBLIC ASSISTANCE TRUST FUND #2
8,681.00
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
-
DEFICIT
-
Page Totals:
12,505,199.58
-
(Do not crowd - add additional sheets)
Sheet 3
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit
Credit
TOTALS FROM PAGE 3
12,505,199.58
-
APPROPRIATION RESERVES
1,581,474.13
ENCUMBRANCES PAYABLE
260,293.20
CONTRACTS PAYABLE
TAX OVERPAYMENTS
3,608.27
PREPAID TAXES
169,174.67
ACCOUNTS PAYABLE
30,714.64
SEWER OVERPAYMENTS
283.81
DUE TO STATE:
MARRIAGE LICENCE
DCA TRAINING FEES
PREPAID REVENUE
5,370.00
LOCAL SCHOOL TAX PAYABLE
-
REGIONAL SCHOOL TAX PAYABLE
-
REGIONAL H.S.TAX PAYABLE
-
COUNTY TAX PAYABLE
-
DUE COUNTY - ADDED & OMMITTED
14,623.47
SPECIAL DISTRICT TAX PAYABLE
-
RESERVE FOR TAX APPEAL
-
800.69
3,660.43
18,300.00
PAGE TOTAL
12,505,199.58
2,088,303.31
(Do not crowd - add additional sheets)
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
RESERVE FOR MASTER PLAN
RESERVE FOR REVALUATION
DUE TO GENERAL TRUST FUND
Debit
Credit
TOTALS FROM PAGE 3a
12,505,199.58
2,088,303.31
SUBTOTAL
12,505,199.58
2,088,303.31
"C"
RESERVE FOR RECEIVABLES
723,759.34
DEFERRED SCHOOL TAX
-
DEFERRED SCHOOL TAX PAYABLE
-
FUND BALANCE
9,693,136.93
TOTALS
12,505,199.58
12,505,199.58
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2024
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
(Do not crowd - add additional sheets)
Sheet 3a.1
Debit
Credit
CASH
42,403.68
DUE TO CURRENT FUND
8,681.00
DUE TO STATE OF NEW JERSEY
640.04
PREPAID REVENUE
4,209.83
RESERVE FOR EXPENDITURES
28,872.81
TOTALS
42,403.68
42,403.68
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet 4
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2 *
AS AT DECEMBER 31, 2024
Debit
Credit
CASH
408,007.86
GRANTS RECEIVABLE
555,323.63
DUE FROM/TO CURRENT FUND
ENCUMBRANCES PAYABLE
APPROPRIATED RESERVES
861,743.67
UNAPPROPRIATED RESERVES
101,587.82
TOTALS
963,331.49
963,331.49
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2024
Debit
Credit
ANIMAL CONTROL TRUST FUND
CASH
17,129.63
DUE TO STATE OF NJ
336.00
RESERVE FOR ANIMAL CONTROL TRUST FUND
13,208.63
PREPAID LICENSES
3,585.00
FUND TOTALS
17,129.63
17,129.63
ASSESSMENT TRUST FUND
CASH
-
DUE TO -
RESERVE FOR:
FUND TOTALS
-
-
MUNICIPAL OPEN SPACE TRUST FUND
CASH
-
FUND TOTALS
-
-
LOSAP TRUST FUND
CASH
4,478,762.31
RESERVE FOR LENGTH OF SERVICE AWARDS PROGRAM
4,478,762.31
FUND TOTALS
4,478,762.31
4,478,762.31
Title of Account
Sheet 6
POST CLOSING
TRIAL BALANCE - TRUST FUNDS
AS AT DECEMBER 31, 2024
(Assessment Section Must Be Separately Stated)
(Do not crowd - add additional sheets)
Debit
Credit
CDBG TRUST FUND
CASH
-
DUE TO -
FUND TOTALS
-
-
ARTS AND CULTURAL TRUST FUND
CASH
-
FUND TOTALS
-
-
OTHER TRUST FUNDS
CASH
3,172,247.89
DUE FROM MUNICIPAL COURT
6.00
OTHER ACCOUNTS RECEIVABLE
3,430.33
DUE FROM CURRENT FUND
18,300.00
TOTAL TRUST FUND RESERVES
2,610,741.38
DUE TO STATE OF NEW JERSEY
16,610.00
PAYROLL DEDUCTIONS PAYABLE
9,481.56
RESERVE FOR STATE UNEMPLOYMENT INSURANCE TRUST
FUND EXPENDITURES
83,903.67
SPECIAL DEPOSITS
418,247.61
PREMIUMS ON TAX SALE
55,000.00
OTHER TRUST FUNDS PAGE TOTAL
3,193,984.22
3,193,984.22
Title of Account
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
AS AT DECEMBER 31, 2024
(Assessment Section Must Be Separately Stated)
Debit
Credit
Previous Totals
3,193,984.22
3,193,984.22
OTHER TRUST FUNDS (continued)
TOTALS
3,193,984.22
3,193,984.22
Sheet 6.2
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account
(Do not crowd - add additional sheets)
Debit
Credit
Previous Totals
3,193,984.22
3,193,984.22
OTHER TRUST FUNDS (continued)
TOTALS
3,193,984.22
3,193,984.22
Sheet 6. TOTALS
POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2024
Title of Account
(Do not crowd - add additional sheets)
Amount
Dec. 31, 2023
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2024
Parking Offenses Adjudication Act
855.60
94.00
949.60
Public Defender Fees
-
600.00
600.00
-
Storm Recovery Trust Fund
78,375.37
5,600.00
72,775.37
Outside Employment of Police
9,166.08
274,138.34
278,885.57
4,418.85
Recreation Account:
-
-
Recreation Programs
798,417.14
160,601.37
127,496.81
831,521.70
Community Gardens
7,381.14
875.00
8,256.14
Kiwanis Oval
355,125.07
35,000.00
275.00
389,850.07
Municipal Alliance Program Income
193.26
193.26
Disposal of Forfeited Property -
-
-
Police
66,887.53
3,502.91
70,390.44
Fire Prevention Penalty
9,039.92
1,722.50
10,762.42
Fire Penalty - Fire Department
2,912.74
1,722.50
4,635.24
Affordable Housing Trust Fund
999,214.80
96,803.47
1,096,018.27
Escrows:
-
-
Road Opening Escrow
111,610.00
1,700.00
3,300.00
110,010.00
Grading Escrow
9,123.21
9,000.00
8,835.00
9,288.21
Tree Replacement Fund
-
600.00
600.00
Municipal Court Alcohol Education,
-
-
Rehabilitation and Enforcement
-
-
Fund
1,071.81
1,071.81
Redemption of Tax Title Liens
-
64,998.06
64,998.06
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
2,449,373.67
$
651,358.15
$
489,990.44
$
2,610,741.38
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Amount
Dec. 31, 2023
Balance
per Audit
as at
Report
Receipts
Disbursements
Dec. 31, 2024
PREVIOUS PAGE TOTAL
2,449,373.67
651,358.15
489,990.44
2,610,741.38
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL
$
2,449,373.67
$
651,358.15
$
489,990.44
$
2,610,741.38
Sheet 6b TOTAL
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
Purpose
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2023
Assessments
Current
Disbursements
Dec. 31, 2024
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
*Less Assets "Unfinanced"
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
RECEIPTS
Sheet 7
Debit
Credit
Estimated Proceeds Bonds and Notes Authorized
6,723,172.91
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
6,723,172.91
CASH
6,950,300.18
DUE FROM -
DUE FROM BOROUGH OF CALDWELL
24,000.00
FEDERAL AND STATE GRANTS RECEIVABLE
440,466.11
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
21,551,000.00
UNFUNDED
13,854,084.37
LOAN RECEIVABLE
16,791.20
PAGE TOTALS
49,559,814.77
6,723,172.91
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2024
Debit
Credit
PREVIOUS PAGE TOTALS
49,559,814.77
6,723,172.91
BOND ANTICIPATION NOTES PAYABLE
7,606,325.00
GENERAL SERIAL BONDS
21,009,000.00
TYPE 1 SCHOOL BONDS
-
LOANS PAYABLE
542,000.00
CAPITAL LEASES PAYABLE
-
440,466.11
10,000.00
RESERVE FOR FUTURE IMPROVEMENTS
151,976.78
3,777.40
25,000.00
24,000.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED
3,456,781.80
UNFUNDED
8,859,778.44
527,244.03
ENCUMBRANCES PAYABLE
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
30,484.81
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL FUND BALANCE
149,807.49
49,559,814.77
49,559,814.77
RESERVE FOR ELECTRIC SIGN
RESERVE FOR BOROUGH OF CALDWELL
RESERVE FOR DEBT SERVICE
RESERVE FOR GRANT RECEIVABLE
RESERVE FOR KIRKPATRICK BUS SHELTER
RESERVE FOR RECREATION EQUIPMENT
Sheet 8.1
POST CLOSING
TRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2024
Title of Account
(Do not crowd - add additional sheets)
Less Checks
Cash Book
*On Hand
On Deposit
Outstanding
Balance
623,672.31
13,404,967.58
2,248,362.15
11,780,277.74
408,007.86
408,007.86
4,018.20
20,561.98
7,450.55
17,129.63
-
-
4,478,762.31
4,478,762.31
-
647,140.23
3,149,918.11
624,810.45
3,172,247.89
-
200,718.06
6,762,381.21
12,799.09
6,950,300.18
42,403.68
42,403.68
1,309,874.94
1,119,988.83
519,757.62
1,910,106.15
2,184,792.01
8,502.46
2,176,289.55
975.54
395,130.53
21,585.27
374,520.80
202,067.56
975.54
201,092.02
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2,786,399.28
32,168,981.66
3,444,243.13
31,511,137.81
* Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2024.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbook at December 31, 2024.
All "Certificates of Deposits", Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR
CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature:
Title:
Grant Fund
jfaccone@sklein-cpa.com
Swimming Pool - Operating
Swimming Pool - Capital
Registered Municipal Accountant
CASH RECONCILIATION DECEMBER 31, 2024
Cash
Sheet 9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Culture
General Capital
Public Assistance Trust Fund
UTILITIES:
Water - Operating
Water - Capital
Current Fund - Credit Card Payment Account - Provident Bank #619404023
419,479.14
Current Fund - Collections Account -Valley Bank #41659929
5,225,081.69
Current Fund - Treasurer Account -Valley Bank #41659937
7,663,059.78
Current Fund - Construction Credit Card - Valley Bank #42762340
97,346.97
Federal and State Grant Fund - Valley Bank #41659937
408,007.86
Animal Control Fund - Valley Bank #41916646
20,561.98
General Capital Fund - Valley Bank #3798423301
6,762,381.21
General Trust Fund - Law Enforcement Trust - Valley Bank #41659449
72,399.81
General Trust Fund - Trust Account - Valley Bank #41659899
1,016,469.37
General Trust Fund - Trust Account Savings - Valley Bank #51632140
5,775.71
General Trust Fund - COAH Trust - Valley Bank #41659791
1,096,018.27
General Trust Fund- Developers' Escrow - TD Bank #14317
379,226.59
General Trust Fund - Payroll Agency Account - Valley Bank #41659910
131,757.74
General Trust Fund - Payroll Net Account - Valley Bank #41659902
448,270.62
Public Assistance Trust Fund I - Valley Bank #41659953
25,872.81
Public Assistance Trust Fund II - Valley Bank #42762782
16,530.87
Pool Capital Fund - Valley Bank #360986300
202,067.56
Pool Operating Fund - Pool Utility Account - Valley Bank #7079509600
280,467.35
Pool Operating Fund - Pool Utility Credit Card Account - Lakeland Bank #619404899
114,663.18
Water Capital Fund - Valley Bank #41659988
2,184,792.01
Water Operating Fund - Valley Bank #41659961
1,119,988.83
Length of Service Award Program - AIG Retirement Services #43544
4,478,762.31
PAGE TOTAL
32,168,981.66
Sheet 9a
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
CASH RECONCILIATION DECEMBER 31, 2024 (cont'd)
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
PREVIOUS PAGE TOTAL
32,168,981.66
TOTAL PAGE
32,168,981.66
CASH RECONCILIATION DECEMBER 31, 2024 (cont'd)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that
separate bank accounts be maintained for each allocated fund.
Sheet 9a TOTAL
2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
Clean Communities Program
-
25,006.60
25,006.60
-
Recycling Tonnage Grant
-
50,702.32
50,702.32
-
Body Armor Grant
-
2,035.71
2,035.71
-
Division of Mental Health and Addiction Services
-
16,892.87
7,264.00
9,628.87
Municipal Alliance Program
41,156.69
13,722.52
12,477.92
42,401.29
COVID-19 Vaccination Supplement Funding Program
19,700.00
19,700.00
American Rescue Plan Firefighter
22,000.00
73,000.00
22,000.00
73,000.00
Local Recreation Improvement Grant
-
72,000.00
72,000.00
Strengthening Local Public Health Capacity Program
514,690.00
74,664.00
425,557.00
163,797.00
Stormwater Assistance Grant
-
15,000.00
15,000.00
-
New Jersey Health Officers Association:
-
-
COVID-19 Related Response Activities
727.38
727.38
Enhancing Local Public Health Infrastructure Grant
150,581.80
144,561.71
6,020.09
Sustaining Local Public Health
-
168,049.00
168,049.00
Opioid Settlement Funds
-
13,388.82
13,388.82
-
Estate of Richard Roth
-
247,436.35
247,436.35
-
-
-
-
-
-
-
PAGE TOTALS
748,855.87
771,898.19
965,430.43
-
-
555,323.63
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE
Sheet 10
Grant
2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
PREVIOUS PAGE TOTALS
748,855.87
771,898.19
965,430.43
-
-
555,323.63
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
748,855.87
771,898.19
965,430.43
-
-
555,323.63
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Sheet
10.1
Grant
2024
Balance
Budget
Received
Other
Cancelled
Balance
Jan. 1, 2024
Revenue
Dec. 31, 2024
Realized
PREVIOUS PAGE TOTALS
748,855.87
771,898.19
965,430.43
-
-
555,323.63
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
748,855.87
771,898.19
965,430.43
-
-
555,323.63
MUNICIPALITIES AND COUNTIES
FEDERAL AND STATE GRANTS RECEIVABLE (cont'd)
Grant
Sheet 10
Totals
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
Clean Communities Program
10,754.13
25,006.60
19,126.40
16,634.33
Recycling Tonnage Grant
55,877.52
50,702.32
17,644.14
88,935.70
Body Armor Grant
1,950.37
2,035.71
3,107.97
878.11
Body Worn Camera
55,026.00
55,026.00
Recreation Opportunities for Individuals with Disabilities
119.10
119.10
0.00
Municipal Alliance Program
44,901.32
3,430.63
13,722.52
26,631.98
35,422.49
COVID-19 Vaccination Supplement Funding Program
19,708.66
19,708.66
Local Recreation Improvement Grant
-
72,000.00
72,000.00
Division of Mental Health and Addiction Services
-
16,892.87
16,892.00
0.87
Strengthening Local Public Health Capacity Program
514,690.00
74,664.00
460,153.75
129,200.25
American Rescue Plan Firefighter Grant
-
73,000.00
73,000.00
Stormwater Assistance Grant
-
15,000.00
15,000.00
Estate of Richard Roth
-
247,436.35
247,436.35
Enhancing Local Public Health Infrastructure Grant
80,060.57
74,040.48
6,020.09
Opioid Settlement Funds
-
13,388.82
13,388.82
Sustaining Local Public Health
-
168,049.00
78,957.00
89,092.00
-
-
-
-
-
-
PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
Sheet
11
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Grant
Transferred from 2024
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
Sheet
11.1
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2024
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
Sheet
11.2
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2024
Grant
Budget Appropriations
Balance
Expended
Other
Cancelled
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
783,087.67
430,000.43
345,328.39
696,672.82
-
-
861,743.67
Sheet 11
Totals
SCHEDULE OF APPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2024
Grant
Budget Appropriations
Balance
Received
Other
Balance
Jan. 1, 2024
Budget
Appropriation
Dec. 31, 2024
By 40A:4-87
PREVIOUS PAGE TOTALS
-
-
-
-
-
-
Clean Communities Program
25,006.60
25,006.60
28,403.01
28,403.01
State and Local Fiscal Recovery Funds
378,103.13
378,103.13
-
Body Armor Grant
2,035.71
2,035.71
2,245.17
2,245.17
Recycling Tonnage Grant
50,702.32
50,702.32
34,468.55
34,468.55
Stormwater Assistance Grant
15,000.00
15,000.00
-
Opioid Settlement Funds
13,388.82
13,388.82
26,016.89
26,016.89
Estate of Richard Roth
247,436.35
247,436.35
-
Click It or Ticket
-
6,704.20
6,704.20
N.J. Health Officers Association - Strike Grant
-
3,750.00
3,750.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
731,672.93
731,672.93
-
101,587.82
-
101,587.82
Sheet 12
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR
FEDERAL AND STATE GRANTS
Transferred from 2024
Grant
Budget Appropriations
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
xxxxxxxxxxx
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
Levy Calendar Year 2024
xxxxxxxxxxx
36,125,886.00
Paid
36,125,886.00
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to
36,125,886.00
36,125,886.00
Board of Education for use of local schools.
# Must include unpaid requisitions.
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
xxxxxxxxxxx
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
Levy Calendar Year 2024
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2023 - 2024)
xxxxxxxxxxx
Levy School Year July 1, 2024 - June 30, 2025
xxxxxxxxxxx
Levy Calendar Year 2024
xxxxxxxxxxx
Paid
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
-
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2024 - 2025)
xxxxxxxxxx
# Must include unpaid requisitions.
-
-
Sheet 14
REGIONAL SCHOOL TAX
REGIONAL HIGH SCHOOL TAX
(Provide a separate statement for each Regional District involved)
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxxx
Due County for Added and Omitted Taxes
xxxxxxxxxxx
2024 Levy:
xxxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxxx
10,924,557.18
County Library
xxxxxxxxxxx
County Health
xxxxxxxxxxx
County Open Space Preservation
xxxxxxxxxxx
446,807.27
Due County for Added and Omitted Taxes
xxxxxxxxxxx
14,623.47
Paid
11,371,364.45
xxxxxxxxxx
Balance - December 31, 2024
xxxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
Due County for Added and Omitted Taxes
14,623.47
xxxxxxxxxx
11,385,987.92
11,385,987.92
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxxx
2024 Levy: (List Each Type of District Tax Separately - See Footnote)
xxxxxxxxxxx
xxxxxxxxxx
Fire -
xxxxxxxxxxx
xxxxxxxxxx
Sewer -
xxxxxxxxxxx
xxxxxxxxxx
Water -
xxxxxxxxxxx
xxxxxxxxxx
Garbage -
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxxx
xxxxxxxxxx
Total 2024 Levy
xxxxxxxxxxx
-
Paid
xxxxxxxxxx
Balance - December 31, 2024
-
xxxxxxxxxx
-
-
Footnote: Please state the number of districts in each instance.
Sheet 15
COUNTY TAXES PAYABLE
SPECIAL DISTRICT TAXES
Budget
Realized
Excess or Deficit*
-01
-02
-03
Surplus Anticipated
2,075,000.00
2,075,000.00
-
Surplus Anticipated with Prior Written Consent of
Director of Local Government Services
-
Miscellaneous Revenue Anticipated:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Adopted Budget
6,336,977.02
6,757,444.78
420,467.76
Added by N.J.S.A. 40A:4-87 (List on 17a)
345,328.39
345,328.39
-
-
-
Total Miscellaneous Revenue Anticipated
6,682,305.41
7,102,773.17
420,467.76
Receipts from Delinquent Taxes
175,000.00
184,235.68
9,235.68
Amount to be Raised by Taxation:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
(a) Local Tax for Municipal Purposes
15,850,712.45
xxxxxxxxx
xxxxxxxxx
(b) Addition to Local District School Tax
xxxxxxxxx
xxxxxxxxx
(c) Minimum Library Tax
983,458.78
xxxxxxxxx
xxxxxxxxx
Total Amount to be Raised by Taxation
16,834,171.23
17,533,728.63
699,557.40
25,766,476.64
26,895,737.48
1,129,260.84
Debit
Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)
xxxxxxxxx
64,195,602.55
Amount to be Raised by Taxation
xxxxxxxxx
xxxxxxxxx
Local District School Tax
36,125,886.00
xxxxxxxxx
Regional School Tax
-
xxxxxxxxx
Regional High School Tax
-
xxxxxxxxx
County Taxes
11,371,364.45
xxxxxxxxx
Due County for Added and Omitted Taxes
14,623.47
xxxxxxxxx
Special District Taxes
-
xxxxxxxxx
Municipal Open Space Tax
xxxxxxxxx
Municipal Arts and Culture Tax
xxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxx
850,000.00
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxx
-
Balance for Support of Municipal Budget (or)
17,533,728.63
xxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxx
65,045,602.55
65,045,602.55
Source
STATEMENT OF GENERAL BUDGET REVENUES 2024
ALLOCATION OF CURRENT TAX COLLECTIONS
Sheet 17
*These items are applicable only when there is no "Amount to be Raised by Taxation" in the
"Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit
in the above allocation would apply to "Non-Budget Revenue" only.
Budget
Realized
Excess or Deficit
Municipal Alliance Grant
13,722.52
13,722.52
-
Local Recreation Improvement Grant
72,000.00
72,000.00
-
Strengthening Local Public Health Capacity Program
74,664.00
74,664.00
-
Division of Mental Health and Addiction Services:
-
-
Leadership Grant
16,892.87
16,892.87
-
Sustaining Local Public Health Infrastructure
168,049.00
168,049.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTALS
345,328.39
345,328.39
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a
STATEMENT OF GENERAL BUDGET REVENUES 2024
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S.A. 40A:4-87
Source
nbaltycki@westcaldwell.com
Budget
Realized
Excess or Deficit
PREVIOUS PAGE TOTALS
345,328.39
345,328.39
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS
345,328.39
345,328.39
-
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received
written notification of the award of public or private revenue. These insertions meet the statutory requirements of
N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
Sheet 17a Totals
STATEMENT OF GENERAL BUDGET REVENUES 2024
(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S.A. 40A:4-87
Source
nbaltycki@westcaldwell.com
2024 Budget As Adopted
25,421,148.25
2024 Budget - Added by N.J.S.A. 40A:4-87
345,328.39
Appropriated for 2024 (Budget Statement Item 9)
25,766,476.64
Appropriated for 2024 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
25,766,476.64
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
25,766,476.64
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
23,335,001.54
Paid or Charged - Reserve for Uncollected Taxes
850,000.00
Reserved
1,581,474.13
Total Expenditures
25,766,475.67
Unexpended Balances Canceled (see footnote)
0.97
FOOTNOTES - RE: OVEREXPENDITURES
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.
RE: UNEXPENDED BALANCES CANCELED
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures"
must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled".
2024 Authorizations
N.J.S.A. 40A:4-46 (After adoption of Budget)
N.J.S.A. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
-
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
-
Sheet 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2024
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
Debit
Credit
Excess of Anticipated Revenues:
xxxxxxxxx
xxxxxxxxx
Miscellaneous Revenues anticipated
xxxxxxxxx
420,467.76
Delinquent Tax Collections
xxxxxxxxx
9,235.68
xxxxxxxxx
Required Collection of Current Taxes
xxxxxxxxx
699,557.40
Unexpended Balances of 2024 Budget Appropriations
xxxxxxxxx
0.97
Miscellaneous Revenue Not Anticipated
xxxxxxxxx
1,310,026.76
Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
Payments in Lieu of Taxes on Real Property
xxxxxxxxx
Sale of Municipal Assets
xxxxxxxxx
Unexpended Balances of 2023 Appropriation Reserves
xxxxxxxxx
1,829,341.13
Prior Years Interfunds Returned in 2024
xxxxxxxxx
235,297.00
Reserve for Other Accounts Receivable Realized
35,593.16
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
xxxxxxxxx
xxxxxxxxx
Balance - January 1, 2024
-
xxxxxxxxx
Balance - December 31, 2024
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 2024
xxxxxxxxx
Prior Year Revenue Refunds
1,640.00
Prior Year Deductions Disallowed
250.00
Deficit Balance - To Trial Balance (Sheet 3)
xxxxxxxxx
-
Surplus Balance - To Surplus (Sheet 21)
4,537,629.86
xxxxxxxxx
4,539,519.86
4,539,519.86
Sheet 19
RESULTS OF 2024 OPERATIONS
CURRENT FUND
-
xxxxxxxxx
Amount Realized
PREVIOUS PAGE TOTALS
-
Board of Adjustment
29,850.00
Planning Board
34,673.63
Fire Department
20,919.00
Board of Health
10,630.00
Administration/Clerk
1,090.00
Engineering Department
450.00
Police Department
14,826.73
Fire Prevention
1,530.00
Construction Penalties
4,500.00
Road Opening Inspection
150.00
Road Opening Permit
50.00
Building Sewer Inspection
200.00
Soil Movement
400.00
Sewer Permit
200.00
Sale of Township Property
1,024,556.00
Curb Cuts
350.00
Zoning Permits
28,500.00
Bad Check Fees
320.00
Sewer Connection Fees
4,800.00
Prior Year Appropriation Refunds
10,006.82
Division of Motor Vehicles - Inspection Fines
1,650.00
Lead Inspection Fees
5,650.00
State of NJ - Burial Fees
270.00
Retiree Drug Subsidy
51,884.22
State of NJ - Tan Inspections
600.00
Extra Duty Administration Fee
43,660.00
Attorney Fees - Legal Judgement
15,236.25
State of NJ - Administrative Fee for Senior Citizen and Veteran Deductions
946.88
Miscellaneous
2,127.23
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
1,310,026.76
SCHEDULE OF MISCELLANEOUS REVENUES
NOT ANTICIPATED
Source
Sheet 20 Totals
Debit
Credit
1.
Balance - January 1, 2024
xxxxxxxxx
7,230,507.07
2.
xxxxxxxxx
3.
Excess Resulting from 2024 Operations
xxxxxxxxx
4,537,629.86
4.
Amount Appropriated in the 2024 Budget - Cash
2,075,000.00
xxxxxxxxx
5.
Amount Appropriated in 2024 Budget - with Prior
Written Consent of Director of Local Government Services
-
xxxxxxxxx
6.
xxxxxxxxx
7.
Balance - December 31, 2024
9,693,136.93
xxxxxxxxx
11,768,136.93
11,768,136.93
Cash
11,780,277.74
Investments
Change Fund
450.00
Sub Total
11,780,727.74
Deduct Cash Liabilities Marked with "C" on Trial Balance
2,088,303.31
Cash Surplus
9,692,424.43
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
712.50
Deferred Charges #
Cash Deficit #
Total Other Assets
712.50
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS"
9,693,136.93
WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2025 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
NOTE: Deferred charges for authorizations under N.J.S.A. 40A:4-55 (Tax Map, etc.), N.J.S.A. 40A:4-55 (Flood Damage, etc.), N.J.S
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S.A. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued
and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
(1) Due from State of N.J. Senior
Citizens and Veterans Deduction
Sheet 21
SURPLUS - CURRENT FUND
YEAR 2024
ANALYSIS OF BALANCE AS AT DECEMBER 31, 2024
(FROM CURRENT FUND - TRIAL BALANCE)
1.
Amount of Levy as per Duplicate (Analysis) #
$
64,339,029.03
or
(Abstract of Ratables)
$
2.
Amount of Levy - Special District Taxes
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
$
82,405.65
5a. Subtotal 2024 Levy
$
64,421,434.68
5b. Reductions Due to Tax Appeals**
$
5c. Total 2024 Tax Levy
$
64,421,434.68
6.
Transferred to Tax Title Liens
$
46,224.72
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
12,075.88
9.
Discount Allowed
$
10. Collected in Cash: In 2023
$
174,496.05
In 2024*
$
63,974,606.50
Homestead Benefit Credit
$
State's Share of 2024 Senior Citizens
and Veterans Deductions Allowed
$
46,500.00
Total To Line 14
$
64,195,602.55
11. Total Credits
$
64,253,903.15
12. Amount Outstanding December 31, 2024
$
167,531.53
13. Percentage of Cash Collections to Total 2024 Levy,
(Item 10 divided by Item 5c) is
99.64%
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
$
64,195,602.55
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
64,195,602.55
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include
Senior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2024 collections.
** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2024 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
$
64,195,602.55
LESS : Proceeds from Accelerated Tax Sale
Net Cash Collected
$
64,195,602.55
Line 5c (sheet 22) Total 2024 Tax Levy
$
64,421,434.68
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.65%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)
$
64,195,602.55
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected
$
64,195,602.55
Line 5c (sheet 22) Total 2024 Tax Levy
$
64,421,434.68
Percentage of Collection Excluding Tax Levy Sale Proceeds
(Net Cash Collected divided by Item 5c) is
99.65%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2024
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to
Chapter 99, P.L. 1997.
Debit
Credit
1.
Balance - January 1, 2024
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
556.34
xxxxxxxxx
Due To State of New Jersey
xxxxxxxxx
2.
Senior Citizens Deductions Per Tax Billings
2,500.00
xxxxxxxxx
3.
Veterans Deductions Per Tax Billings
44,250.00
xxxxxxxxx
4.
Deductions Allowed By Tax Collector
250.00
xxxxxxxxx
5.
Deductions Allowed By Tax Collector - Prior Year Taxes (2023)
250.00
6.
7.
Deductions Disallowed By Tax Collector
xxxxxxxxx
500.00
8.
Deductions Disallowed By Tax Collector - Prior Year Taxes (2023)
xxxxxxxxx
250.00
9.
Received in Cash from State
xxxxxxxxx
46,343.84
10.
11.
12. Balance - December 31, 2024
xxxxxxxxx
xxxxxxxxx
Due From State of New Jersey
xxxxxxxxx
712.50
Due To State of New Jersey
-
xxxxxxxxx
47,806.34
47,806.34
Calculation of Amount to be included on Sheet 22, Item 10 -
2024 Senior Citizens and Veterans Deductions Allowed
Line 2
2,500.00
Line 3
44,250.00
Line 4
250.00
Sub - Total
47,000.00
Less: Line 7
500.00
To Item 10, Sheet 22
46,500.00
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit
Credit
Balance - January 1, 2024
xxxxxxxxxx
-
Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxxx
xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment)
xxxxxxxxx
Closed to Results of Operation
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxx
Balance - December 31, 2024
-
xxxxxxxxx
Taxes Pending Appeals*
xxxxxxxxx
xxxxxxxxx
Interest Earned on Taxes Pending Appeals
xxxxxxxxx
xxxxxxxxx
*Includes State Tax Court and County Board of Taxation
-
-
Appeals Not Adjusted by December 31, 2024
1/27/2025
Date
Sheet 24
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2024 Taxes Collected which are
Pending State Appeal (Item 14, Sheet 22)
kcaplan@westcaldwell.com
T-8375
1. Balance - January 1, 2024
609,390.95
xxxxxxxxx
A. Taxes
183,985.68
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
425,405.27
xxxxxxxxx
xxxxxxxxx
2. Canceled:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
3. Transferred to Foreclosed Tax Title Liens:
xxxxxxxxx
xxxxxxxxx
A. Taxes
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
4. Added Taxes
250.00
xxxxxxxxx
5. Added Tax Title Liens
xxxxxxxxx
6.
xxxxxxxxx
A. Taxes - Transfers to Tax Title Liens
xxxxxxxxx
(1)
B. Tax Title Liens - Transfers from Taxes
(1)
-
xxxxxxxxx
7. Balance Before Cash Payments
xxxxxxxxx
609,640.95
8.
Totals
609,640.95
609,640.95
9. Balance Brought Down
609,640.95
xxxxxxxxx
10. Collected:
xxxxxxxxx
184,235.68
A. Taxes
184,235.68
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
xxxxxxxxx
xxxxxxxxx
11. Interest and Costs - 2024 Tax Sale
xxxxxxxxx
12. 2024 Taxes Transferred to Liens
46,224.72
xxxxxxxxx
13. 2024 Taxes
167,531.53
xxxxxxxxx
14. Balance - December 31, 2024
xxxxxxxxx
639,161.52
A. Taxes
167,531.53
xxxxxxxxx
xxxxxxxxx
B. Tax Title Liens
471,629.99
xxxxxxxxx
xxxxxxxxx
15.
Totals
823,397.20
823,397.20
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No. 9) is
30.22%
17. Item No.14 multiplied by percentage shown above is
193,154.61
and represents the
maximum amount that may be anticipated in 2025.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet 26
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
Adjustment between Taxes (Other than Current Year) and Tax Title Liens;
Debit
Credit
1. Balance - January 1, 2024
15,000.00
xxxxxxxxx
2. Foreclosed or Deeded in 2024
xxxxxxxxx
xxxxxxxxx
3.
Tax Title Liens
-
xxxxxxxxx
4.
Taxes Receivable
-
xxxxxxxxx
5A.
xxxxxxxxx
5B.
xxxxxxxxx
6.
Adjustment to Assessed Valuation
xxxxxxxxx
7.
Adjustment to Assessed Valuation
xxxxxxxxx
8. Sales
xxxxxxxxx
xxxxxxxxx
9.
Cash *
xxxxxxxxx
10.
Contract
xxxxxxxxx
11.
Mortgage
xxxxxxxxx
12.
Loss on Sales
xxxxxxxxx
13.
Gain on Sales
xxxxxxxxx
14. Balance - December 31, 2024
xxxxxxxxx
15,000.00
15,000.00
15,000.00
Debit
Credit
15. Balance - January 1, 2024
xxxxxxxxx
16. 2024 Sales from Foreclosed Property
xxxxxxxxx
17. Collected*
xxxxxxxxx
18.
xxxxxxxxx
19. Balance - December 31, 2024
xxxxxxxxx
-
-
-
Debit
Credit
20. Balance - January 1, 2024
xxxxxxxxx
21. 2024 Sales from Foreclosed Property
xxxxxxxxx
22. Collected*
xxxxxxxxx
23.
xxxxxxxxx
24. Balance - December 31, 2024
xxxxxxxxx
-
-
-
Analysis of Sale of Property:
$
-
*Total Cash Collected in 2024
Realized in 2024 Budget
To Results of Operation (Sheet 19)
-
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
Amount
Dec. 31, 2023
Amount in
Amount
Balance
per Audit
2024
Resulting from
as at
Report
Budget
2024
Dec. 31, 2024
Emergency Authorization -
Municipal*
$
$
$
$
-
Emergency Authorization -
Schools
$
$
$
$
-
Overexpenditure of Appropriations
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
$
$
$
$
-
TOTAL DEFERRED CHARGES
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
Year 2024
1.
$
2.
$
3.
$
4.
$
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
On Account of
In Favor of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55,
N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
N.J.S.A. 40A:4-53 SPECIAL EMERGENCY -
TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL
CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2023
By 2024
Canceled
Dec. 31, 2024
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2024' must be entered here and then raised in the 2025 budget.
REDUCED IN
Sheet 29
Date
Purpose
Chief Financial Officer
2024
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODS
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Amount
Not Less Than
Balance
Balance
Authorized
1/3 of Amount
Dec. 31, 2023
By 2024
Canceled
Dec. 31, 2024
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55.1 et seq. and
N.J.S.A. 40A:4-55.13 et seq. and are recorded on this page
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2024' must be entered here and then raised in the 2025 budget.
REDUCED IN
Sheet 30
Date
Purpose
Chief Financial Officer
2024
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
2,115,000.00
Outstanding - December 31, 2024
21,009,000.00
23,124,000.00
2025 Bond Maturities - General Capital Bonds
$
2025 Interest on Bonds*
$
740,985.00
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Bond Maturities - Assessment Bonds
$
2025 Interest on Bonds*
$
Total "Interest on Bonds - Debt Service" (*Items)
$
2025 Maturity
Interest
Rate
Total
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2025 Debt Service
Credit
23,124,000.00
2,155,000.00
xxxxxxxxx
740,985.00
xxxxxxxxx
-
xxxxxxxxx
xxxxxxxxx
23,124,000.00
ASSESSMENT SERIAL BONDS
Sheet 31
LIST OF BONDS ISSUED DURING 2024
-
Date of
Issue
Purpose
Amount Issued
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
98,000.00
Refunded
Outstanding - December 31, 2024
542,000.00
640,000.00
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for ECIA Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for Loan
$
2025 Maturity
Interest
Rate
Total
-
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2024
-
Date of
Issue
Amount Issued
LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
ECIA LOAN
2025 Debt Service
Credit
640,000.00
xxxxxxxxx
xxxxxxxxx
Purpose
27,100.00
127,100.00
640,000.00
xxxxxxxxx
100,000.00
-
xxxxxxxxx
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for Loan
$
2025 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
LOAN
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2024
Purpose
Amount Issued
Date of
Issue
Sheet 31a.1
-
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for Loan
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Total 2025 Debt Service for Loan
$
2025 Maturity
Interest
Rate
Total
-
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
LOAN
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
LOAN
xxxxxxxxx
xxxxxxxxx
-
-
LIST OF LOANS ISSUED DURING 2024
Purpose
Amount Issued
Date of
Issue
Sheet 31a.2
-
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Bond Maturities - Term Bonds
$
2025 Interest on Bonds
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Interest on Bonds
$
2025 Bond Maturities - Term Bonds
$
Total "Interest on Bonds - Type I School Debt Service" (*Items)
$
2025 Maturity
-01
Interest
Rate
Total
-
Outstanding
Dec. 31, 2024
1.
Emergency Notes
$
$
2.
Special Emergency Notes
$
$
3.
Tax Anticipation Notes
$
$
4.
Interest on Unpaid State & County Taxes
$
$
5.
$
$
6.
$
$
2025 Interest
Sheet 32
Requirement
xxxxxxxxx
2025 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Purpose
Date of
Issue
xxxxxxxxx
Amount Issued
-02
-
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2024
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2025 Debt Service
Credit
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2024
917,700.00
9/6/2023
917,700.00
09/03/25
4.0000%
36,606.03
09/03/25
800,000.00
12/13/2019
94,882.00
09/03/25
4.0000%
42,106.00
3,784.74
09/03/25
522,500.00
12/08/2022
522,500.00
09/03/25
4.0000%
6,614.00
20,841.94
09/03/25
2,103,000.00
12/08/2022
1,878,000.00
09/03/25
4.0000%
82,213.00
74,911.33
09/03/25
736,250.00
9/6/2023
736,250.00
09/03/25
4.0000%
29,368.19
09/03/25
2,627,225.00
9/6/2023
2,627,225.00
09/03/25
4.0000%
104,797.09
09/03/25
829,768.00
9/4/2024
829,768.00
09/03/25
4.0000%
33,098.52
09/03/25
Page Totals
8,536,443.00
7,606,325.00
130,933.00
303,407.85
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School Notes should be separately listed and totaled.
*"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sheet 33
Title or Purpose of Issue
2025 Budget Requirements
Various Capital Improvements - Ord. #1808
Various Capital Improvements - Ord. #1815
Acquisition of Property - Ord. #1853
Multi-Purpose - Ord. #1859
Multi-Purpose - Ord. #1864
Multi-Purpose - Ord. #1871
Multi-Purpose - Ord. #1859
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2024
PREVIOUS PAGE TOTALS
8,536,443.00
7,606,325.00
130,933.00
303,407.85
PAGE TOTALS
8,536,443.00
7,606,325.00
130,933.00
303,407.85
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School Notes should be separately listed and totaled.
*"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2025 Budget Requirements
Title or Purpose of Issue
Sheet
33.1
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2024
PREVIOUS PAGE TOTALS
8,536,443.00
7,606,325.00
130,933.00
303,407.85
PAGE TOTALS
8,536,443.00
7,606,325.00
130,933.00
303,407.85
Memo: Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School Notes should be separately listed and totaled.
*"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2025 or
written intent of permanent financing submitted with statement.
(Do not crowd - add additional sheets)
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2025 Budget Requirements
Title or Purpose of Issue
Sheet 33
Totals
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest**
(Insert Date)
Dec. 31, 2024
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
-
-
-
-
MEMO: *See Sheet 33 for clarification of "Original Date of Issue"
Assessment Notes with an original date of issue of 2022 or prior must be appropriated in full in the 2025 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".
(Do not crowd - add additional sheets)
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Sheet 34
Title or Purpose of Issue
2025 Budget Requirements
Amount
Lease Obligation Outstanding
Dec. 31, 2024
For Principal
For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total
-
-
-
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sheet 34a
Purpose
2025 Budget Requirements
2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
Streetscape Improvements - Ord. #1459, #1579
11,003.85
11,003.85
Improvements to Kiwanis Oval - Ord. #1676
16,556.76
16,556.76
Purchase of Safety Equipment - Ord. #1710
0.02
0.02
Refunding Tax Appeals - Ord. #1715
6,308.34
6,308.34
Various Improvements - Ord. #1720
24,008.87
24,008.87
Various Improvements - Ord. #1741
7,915.92
22.00
7,915.92
22.00
Multi-Purpose - Ord. #1749
0.36
0.36
Multi-Purpose - Ord. #1753
22.28
22.28
Multi-Purpose - Ord. #1759
135,674.23
522.00
10,196.23
125,478.00
522.00
Multi-Purpose - Ord. #1770
205,184.52
2,184.52
203,000.00
Multi-Purpose - Ord. #1772
80,733.05
4,953.05
75,780.00
Multi-Purpose - Ord. #1781
60,935.46
737.00
7,900.00
3,756.10
65,079.36
737.00
Multi-Purpose - Ord. #1791
106,755.30
22,899.90
83,855.40
Multi-Purpose - Ord. #1808
467,362.00
1,884,519.95
803,046.91
186,229.79
1,362,605.25
Various Road Improvements - Ord. #1815
1,680.42
1,680.42
Multi-Purpose - Ord. #1816
1,648,999.45
868,338.38
780,661.07
Acquisition of Leased Equipment - Ord. #1821
181,695.40
4,699.48
176,995.92
Multi-Purpose - Ord. #1824
291,988.29
3,352.81
288,635.48
Multi-Purpose - Ord. #1827
615,741.96
59,000.00
446,976.80
227,765.16
Page Total
3,638,625.03
2,168,742.40
-
7,900.00
2,172,084.60
-
2,061,735.03
1,581,447.80
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Sheet 35
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2024
Balance - December 31, 2024
2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
3,638,625.03
2,168,742.40
-
7,900.00
2,172,084.60
-
2,061,735.03
1,581,447.80
Multi-Purpose - Ord. #1835
214,002.06
173,401.76
40,600.30
Multi-Purpose - Ord. #1846
1,301,121.36
501,140.33
228,467.84
1,185,252.91
388,540.94
Multi-Purpose - Ord. #1859
1,367,975.62
375,087.13
992,888.49
Multi-Purpose - Ord. #1864
10,000.00
435,731.88
17,439.81
9,000.00
419,292.07
ADA Improvements - Ord. #1865
27,075.86
27,075.86
Multi-Purpose - Ord. #1871
34,340.20
3,385,507.97
1,293,515.81
14,700.00
2,111,632.36
Multi-Purpose - Ord. #1883
3,881,600.00
397,205.52
145,493.56
3,338,900.92
PAGE TOTALS
5,198,088.65
7,886,174.06
3,881,600.00
7,900.00
4,657,202.47
-
3,456,781.80
8,859,778.44
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Sheet 35.1
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2024
Balance - December 31, 2024
2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
5,198,088.65
7,886,174.06
3,881,600.00
7,900.00
4,657,202.47
-
3,456,781.80
8,859,778.44
PAGE TOTALS
5,198,088.65
7,886,174.06
3,881,600.00
7,900.00
4,657,202.47
-
3,456,781.80
8,859,778.44
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35.2
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Other
Expended
Authorizations
Funded
Unfunded
Authorizations
Canceled
Funded
Unfunded
PREVIOUS PAGE TOTALS
5,198,088.65
7,886,174.06
3,881,600.00
7,900.00
4,657,202.47
-
3,456,781.80
8,859,778.44
GRAND TOTALS
5,198,088.65
7,886,174.06
3,881,600.00
7,900.00
4,657,202.47
-
3,456,781.80
8,859,778.44
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 35 Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
24,564.81
Received from 2024 Budget Appropriation*
xxxxxxxxx
200,000.00
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
194,080.00
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
30,484.81
xxxxxxxxx
224,564.81
224,564.81
*The full amount of the 2024 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 36
xxxxxxxxx
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
Received from 2024 Budget Appropriation*
xxxxxxxxx
Received from 2024 Emergency Appropriation*
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
-
xxxxxxxxx
-
-
*The full amount of the 2024 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Amount
Total
Down Payment
Additional Funding
Appropriated
Obligations
Provided by
Sources
Authorized
Ordinance
Multi-Purpose
3,881,600.00
3,687,520.00
194,080.00
Total
3,881,600.00
3,687,520.00
194,080.00
-
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 2024
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
Purpose
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
239,109.01
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Premium on Sale of Notes
60,698.48
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
Appropriated to 2024 Budget Revenue
150,000.00
xxxxxxxxx
Balance - December 31, 2024
149,807.49
xxxxxxxxx
299,807.49
299,807.49
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2024
A.
1.
Total Tax Levy for Year 2024 was
$
2.
Amount of Item 1 Collected in 2024 (*)
$
3.
Seventy (70) percent of Item 1
$
(*) Including prepayments and overpayments applied.
B.
1.
Did any maturities of bonded obligations or notes fall due during the year 2024?
Yes
2.
Have payments been made for all bonded obligations or notes due on or before
December 31, 2024?
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 2025 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year
just ended?
No
D.
1.
Cash Deficit 2023
$
2.
4% of 2023 Tax Levy for all purposes:
Levy --
$
=
$
3.
Cash Deficit 2024
$
4.
4% of 2024 Tax Levy for all purposes:
Levy --
$
=
$
E.
1.
State Taxes
$
$
$
2.
County Taxes
$
$
$
3.
Amounts due Special Districts
$
$
$
4.
Amount due School Districts for School Tax
$
$
$
MUNICIPALITIES ONLY
IMPORTANT !!
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete
(N.J.S.A. 52:27BB-55 as Amended by Chap. 211, P.L. 1981)
-
14,623.47
64,421,434.68
45,095,004.28
64,195,602.55
Answer YES or NO
Answer YES or NO
Unpaid
Total
2024
Answer YES or NO
Sheet 39
2023
-
14,623.47
-
-
-
Note:
If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year Year 2024, please observe
instructions of Sheet 2.
UTILITIES ONLY
Sheet 40
Debit
Credit
Cash
1,910,106.15
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
119,025.57
Liens Receivable
-
Inventory - Materials and Supplies
171,945.92
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
562,255.32
Encumbrances Payable
137,973.30
Accrued Interest on Bonds and Notes
144,431.25
Water Overpayments
7,938.23
Subtotal - Cash Liabilities
852,598.10
"C"
Reserve for Consumer Accounts and Lien Receivable
290,971.49
Fund Balance
1,057,508.05
Total
2,201,077.64
2,201,077.64
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - WATER UTILITY FUND
AS AT DECEMBER 31, 2024
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
2,023,349.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
2,023,349.00
CASH
2,176,289.55
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
14,000,657.65
AUTHORIZED AND UNCOMPLETED
10,387,197.00
PAGE TOTALS
28,587,493.20
2,023,349.00
Sheet 41a
Operating and Capital Sections
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSING
TRIAL BALANCE - WATER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2024
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit
Credit
PREVIOUS PAGE TOTALS
28,587,493.20
2,023,349.00
BONDS PAYABLE
8,435,000.00
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
3,317,000.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED
551,694.09
UNFUNDED
3,456,158.33
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER OPERATING
RESERVE FOR AMORTIZATION
10,093,129.65
RESERVE FOR DEFERRED AMORTIZATION
519,376.00
RESERVE FOR DEBT SERVICE
19,878.00
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
98,955.00
CAPITAL FUND BALANCE
72,953.13
TOTALS
28,587,493.20
28,587,493.20
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - WATER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2024
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
TOTALS
-
-
Sheet 42
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
AS AT DECEMBER 31, 2024
Title of Account
(Do not crowd - add additional sheets)
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2023
Assessments
Operating
Disbursements
Dec. 31, 2024
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF WATER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
659,580.00
659,580.00
-
Operating Surplus Anticipated with Consent of
Director of Local Government
-
Rents
3,330,000.00
3,148,671.12
(181,328.88)
Miscellaneous
212,510.00
222,126.32
9,616.32
Water Capital Surplus
100,000.00
100,000.00
-
-
-
Reserve for Debt Service
-
Capital Fund Balance
Added by N.J.S.A. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
Subtotal
4,302,090.00
4,130,377.44
(171,712.56)
Deficit (General Budget) **
-
4,302,090.00
4,130,377.44
(171,712.56)
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
4,302,090.00
Added by N.J.S.A. 40A:4-87
Emergency
Total Appropriations
4,302,090.00
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
4,302,090.00
Deduct Expenditures:
Paid or Charged
3,739,833.57
Reserved
562,255.32
Surplus (General Budget)**
Total Expenditures
4,302,088.89
Unexpended Balance Canceled (See Footnote)
1.11
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
Source
SCHEDULE OF WATER UTILITY BUDGET - 2024
Sheet 44
BUDGET REVENUES
STATEMENT OF BUDGET APPROPRIATIONS
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2024 Water Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
4,130,377.44
Miscellaneous Revenue Not Anticipated
2023 Appropriation Reserves Canceled in 2024
Total Revenue Realized
4,130,377.44
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
3,739,833.57
Reserved
562,255.32
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
4,302,088.89
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
4,302,088.89
Excess
-
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2024 Operation
("Excess in Operations" - Sheet 46)
-
Deficit
171,711.45
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2024 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
171,711.45
SECTION 2:
The following Item of '2023 Appropriation Reserves Canceled in 2024' is Due to the Current
fund TO THE EXTENT OF the amount received and Due from the General Budget of 2023 for an
Anticipated Deficit in the Water Utility for 2023
2023 Appropriation Reserves Canceled in 2024
311,096.21
Less:
* Excess (Revenue Realized)
311,096.21
** Items must be shown in same amounts on Sheet 44.
Sheet 45
Anticipated Deficit in 2023 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '
STATEMENT OF 2024 OPERATION
WATER UTILITY
Remainder =
Remainder =
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
-
Unexpended Balances of Appropriations
xxxxxxxxx
1.11
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2023 Appropriation Reserves*
xxxxxxxxx
311,096.21
Deficit in Anticipated Revenues
171,712.56
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
139,384.76
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
311,097.32
311,097.32
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
1,577,703.29
Excess in Results of 2024 Operations
xxxxxxxxx
139,384.76
Amount Appropriated in the 2024 Budget - Cash
659,580.00
xxxxxxxxx
Amount Appropriated in 2024 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2024
1,057,508.05
xxxxxxxxx
1,717,088.05
1,717,088.05
Cash
1,910,106.15
Investments
Interfund Accounts Receivable
Subtotal
1,910,106.15
Deduct Cash Liabilities Marked with "C" on Trial Balance
852,598.10
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
1,057,508.05
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2024 BUDGET.
1,057,508.05
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
RESULTS OF 2024 OPERATIONS - WATER UTILITY
Deferred Charges #
Sheet 46
OPERATING SURPLUS - WATER UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2024
(FROM WATER UTILITY - TRIAL BALANCE)
xxxxxxxxx
Balance December 31, 2023
$
51,805.85
Increased by:
Rents Levied
$
3,215,890.84
Decreased by:
Collections
$
3,144,015.93
Overpayments applied
$
4,655.19
Transfer to Liens
$
Other
$
$
3,148,671.12
Balance December 31, 2024
$
119,025.57
Balance December 31, 2023
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2024
$
-
SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF WATER UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2023
Amount in
Amount
Balance
per Audit
2024
Resulting
as at
Report
Budget
2024
Dec. 31, 2024
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
2024
1.
$
2.
$
3.
$
4.
$
Sheet 48
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.SA.. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
- MANDATORY CHARGES ONLY -
WATER UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55, listed on Sheet 29)
Caused By
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2023
By 2024
Canceled
Dec. 31, 2024
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Chief Financial Officer
UTILITY SPECIAL EMERGENCY
Purpose
REDUCED IN 2024
Sheet 48a
Date
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Bond Maturities - Assessment Bonds
$
2025 Interest on Bonds
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
605,000.00
Outstanding - December 31, 2024
8,435,000.00
9,040,000.00
2025 Bond Maturities - Capital Bonds
$
2025 Interest on Bonds
$
305,200.00
2025 Interest on Bonds (*Items)
$
305,200.00
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
107,583.33
Subtotal
$
197,616.67
Add: Interest to be Accrued as of 12/31/2025
$
101,283.33
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49
-
Purpose
9,040,000.00
Date of
Issue
Amount Issued
LIST OF BONDS ISSUED DURING 2024
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR BONDS
WATER UTILITY ASSESSMENT BONDS
2025 Debt Service
Credit
xxxxxxxxx
xxxxxxxxx
9,040,000.00
xxxxxxxxx
-
WATER UTILITY CAPITAL BONDS
INTEREST ON BONDS - WATER UTILITY BUDGET
298,900.00
615,000.00
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49a
-
Purpose
-
Date of
Issue
Amount Issued
LIST OF LOANS ISSUED DURING 2024
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
WATER UTILITY LOAN
2025 Debt Service
Credit
-
WATER UTILITY LOAN
INTEREST ON LOANS - WATER UTILITY BUDGET
-
xxxxxxxxx
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
LIST OF LOANS ISSUED DURING 2024
WATER UTILITY LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - WATER UTILITY BUDGET
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
WATER UTILITY LOAN
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
1.
Multi-Purpose - Ord. #1828
1,514,500.00
9/6/2023
1,514,500.00
9/3/2025
4.00%
60,411.72
9/3/2025
2.
Multi-Purpose - Ord. #1860
792,500.00
12/8/2022
792,500.00
9/3/2025
4.00%
14,747.00
31,611.94
9/3/2025
3.
Multi-Purpose - Ord. #1860
1,010,000.00
9/4/2024
1,010,000.00
9/3/2025
4.00%
40,287.78
9/3/2025
4.
5.
6.
7.
8.
9.
TOTAL
3,317,000.00
3,317,000.00
14,747.00
132,311.44
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if
it is contemplated that such notes will be renewed in 2025 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR WATER UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2025
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
3,317,000.00
3,317,000.00
14,747.00
132,311.44
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate
2025 Interest on Notes
$
132,311.44
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
36,847.92
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
95,463.52
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if
Add: Interest to be Accrued as of 12/31/2025
$
43,121.00
it is contemplated that such notes will be renewed in 2025 or written intent of permanent financing submitted.
Required Appropriation 2025
$
138,584.52
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
INTEREST ON NOTES - WATER UTILITY BUDGET
DEBT SERVICE FOR WATER UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
Sheet 50
Title or Purpose of Issue
2025
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2022 or prior must be appropriated in full in the 2026 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
DEBT SERVICE SCHEDULE FOR WATER UTILITY ASSESSMENT NOTES
Sheet 51
Title or Purpose of Issue
2025
Amount
Lease Obligation Outstanding
Dec. 31, 2024
For Prinicpal
For Interest/Fees
Total
-
-
-
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS WATER UTILITY
Sheet 51a
Purpose
2025 Budget Requirements
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
Various Improvements - Ord. #1556
21,862.33
21,862.33
Various Improvements - Ord. #1756
50,810.56
4,662.00
50,810.56
4,662.00
Various Improvements - Ord. #1773
9,918.97
9,918.97
-
Multi-Purpose - Ord. #1792
41,812.50
231,331.16
4,397.51
37,415.00
231,331.15
Multi-Purpose - Ord. #1809
5,800.00
300,000.00
7,842.42
957.58
297,000.00
Multi-Purpose - Ord. #1817
100,962.45
11,102.45
89,860.00
Water Main Replacements - Ord. #1825
6,435.99
708.49
5,727.50
Multi-Purpose - Ord. #1828
302,738.58
21,950.21
280,788.37
Multi-Purpose - Ord. #1836
5,723.57
4,723.57
1,000.00
Multi-Purpose - Ord. #1847
400,223.33
3,182.53
397,040.80
Multi-Purpose - Ord. #1860
818,725.10
107,406.79
711,318.31
Multi-Purpose - Ord. #1872
1,612,808.47
1,004,274.40
608,534.07
Multi-Purpose - Ord. #1884
1,206,872.00
600.00
1,206,272.00
Various Improvements - Ord. #1348, #1393
63,272.75
63,272.75
PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)
Sheet 52
IMPROVEMENTS
Specify each authorization by purpose. Do
not merely designate by a code number.
Balance - January 1, 2024
Balance - December 31, 2024
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.1
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.2
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.3
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
TOTALS
609,337.70
3,367,750.06
1,206,872.00
-
1,176,107.34
-
551,694.09
3,456,158.33
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.4
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
98,955.00
Received from 2024 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
98,955.00
xxxxxxxxx
98,955.00
98,955.00
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
Received from 2024 Budget Appropriation*
xxxxxxxxx
Received from 2024 Emergency Appropriation*
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
-
xxxxxxxxx
-
-
*The full amount of the 2024 budget appropriation should be transferred to this account unless the balance
of the appropriation is to be permitted to lapse.
WATER UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 53
WATER UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2024 or
Authorized
Ordinance
Prior Years
Multi-Purpose
1,206,872.00
1,206,872.00
1,206,872.00
1,206,872.00
-
-
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
146,483.47
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Premium on Sale of Notes
26,469.66
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2024 Budget Reserve
100,000.00
xxxxxxxxx
Balance - December 31, 2024
72,953.13
xxxxxxxxx
172,953.13
172,953.13
WATER UTILITY FUND
WATER UTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
2024
Sheet 54
CAPITAL IMPROVEMENTS AUTHORIZED IN 2024
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
Purpose
Debit
Credit
Cash
374,520.80
Investments
Due from -
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
-
Liens Receivable
-
Inventory
34,362.05
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
14,858.39
Encumbrances Payable
404.16
Accrued Interest on Bonds and Notes
3,380.00
Due to -
Security Deposits
1,000.00
Subtotal - Cash Liabilities
19,642.55
"C"
Reserve for Consumer Accounts and Lien Receivable
34,362.05
Fund Balance
354,878.25
Total
408,882.85
408,882.85
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - SWIMMING POOL UTILITY FUND
AS AT DECEMBER 31, 2024
Debit
Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
1,226,963.00
xxxxxxxxx
Bonds and Notes Authorized but Not Issued
xxxxxxxxx
1,226,963.00
CASH
201,092.02
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
2,310,450.00
AUTHORIZED AND UNCOMPLETED
1,604,600.00
PAGE TOTALS
5,343,105.02
1,226,963.00
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - SWIMMING POOL UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2024
Debit
Credit
PREVIOUS PAGE TOTALS
5,343,105.02
1,226,963.00
BONDS PAYABLE
266,000.00
LOANS PAYABLE
-
CAPITAL LEASES PAYABLE
-
BOND ANTICIPATION NOTES
-
IMPROVEMENT AUTHORIZATIONS:
FUNDED
206,569.30
UNFUNDED
1,187,723.87
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER OPERATING
RESERVE FOR AMORTIZATION
2,327,450.00
RESERVE FOR DEFERRED AMORTIZATION
94,637.00
RESERVE FOR PRELIMINARY COSTS
3,800.00
DOWN PAYMENTS ON IMPROVEMENTS
-
CAPITAL IMPROVEMENT FUND
11,027.00
CAPITAL FUND BALANCE
18,934.85
TOTALS
5,343,105.02
5,343,105.02
(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Operating and Capital Sections
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
Section in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - SWIMMING POOL UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2024
Debit
Credit
CASH
ASSESSMENT NOTES
-
ASSESSMENT SERIAL BONDS
-
FUND BALANCE
-
-
-
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2024
Audit
Title of Liability to which Cash
Balance
Balance
and Investments are Pledged
Dec. 31, 2023
Assessments
Operating
Disbursements
Dec. 31, 2024
and Liens
Budget
Assessment Serial Bond Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
Other Liabilities
-
Trust Surplus
-
Less Assets "Unfinanced"*
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
-
-
-
-
-
-
-
-
-
-
-
*Show as red figure
ANALYSIS OF SWIMMING POOL UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS
PLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sheet 43
Budget
Received
Excess or
in Cash
Deficit*
Operating Surplus Anticipated
16,380.00
16,380.00
-
Operating Surplus Anticipated with Consent of
Director of Local Government
-
Membership Fees
600,000.00
636,485.00
36,485.00
Miscellaneous
44,037.00
81,111.89
37,074.89
-
-
-
Reserve for Debt Service
-
Capital Fund Balance
Added by N.J.S.A. 40A:4-87:(List)
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Additional Fees - 5% fee Increase
30,000.00
(30,000.00)
-
Subtotal
690,417.00
733,976.89
43,559.89
Deficit (General Budget) **
-
690,417.00
733,976.89
43,559.89
** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations:
xxxxxxxxx
Adopted Budget
690,417.00
Added by N.J.S.A. 40A:4-87
Emergency
Total Appropriations
690,417.00
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
690,417.00
Deduct Expenditures:
Paid or Charged
675,558.61
Reserved
14,858.39
Surplus (General Budget)**
Total Expenditures
690,417.00
Unexpended Balance Canceled (See Footnote)
-
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in aggregate with
this item.
RE: UNEXPENDED BALANCES CANCELED:
Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and
"Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
SCHEDULE OF SWIMMING POOL UTILITY BUDGET - 2024
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2024 Swimming Pool Utility Budget contained
either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General
Budget)"
Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized:
xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)")
733,976.89
Miscellaneous Revenue Not Anticipated
2023 Appropriation Reserves Canceled in 2024
Total Revenue Realized
733,976.89
Expenditures:
xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)")
xxxxxxxxx
Paid or Charged
675,558.61
Reserved
14,858.39
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures
690,417.00
Less:
Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted
690,417.00
Excess
43,559.89
Budget Appropriation - Surplus (General Budget)**
Balance of Results of 2024 Operation
("Excess in Operations" - Sheet 46)
43,559.89
Deficit
-
Anticipated Revenue - Deficit (General Budget)**
-
Balance of Results of 2024 Operation
("Operating Deficit - to Trial Balance" - Sheet 46)
-
SECTION 2:
The following Item of '2023 Appropriation Reserves Canceled in 2024' is Due to the Current
fund TO THE EXTENT OF the amount received and Due from the General Budget of 2023 for an
Anticipated Deficit in the Swimming Pool Utility for 2023
2023 Appropriation Reserves Canceled in 2024
9,811.96
Less:
* Excess (Revenue Realized)
9,811.96
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2024 OPERATION
SWIMMING POOL UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2023 Budget - Amount Received and Due
from Current Fund - If none, enter 'None '
Debit
Credit
Excess in Anticipated Revenues
xxxxxxxxx
43,559.89
Unexpended Balances of Appropriations
xxxxxxxxx
-
Miscellaneous Revenues Not Anticipated
xxxxxxxxx
-
Unexpended Balances of 2023 Appropriation Reserves*
xxxxxxxxx
9,811.96
Deficit in Anticipated Revenues
-
xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance
xxxxxxxxx
-
Excess in Operations - to Operating Surplus
53,371.85
xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2
53,371.85
53,371.85
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
317,886.40
Excess in Results of 2024 Operations
xxxxxxxxx
53,371.85
Amount Appropriated in the 2024 Budget - Cash
16,380.00
xxxxxxxxx
Amount Appropriated in 2024 Budget with Prior Written
Consent of Director of Local Government Services
Balance - December 31, 2024
354,878.25
xxxxxxxxx
371,258.25
371,258.25
Cash
374,520.80
Investments
Interfund Accounts Receivable
Subtotal
374,520.80
Deduct Cash Liabilities Marked with "C" on Trial Balance
19,642.55
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
354,878.25
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets
-
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2024 BUDGET.
354,878.25
*In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2024 OPERATIONS - SWIMMING POOL UTILITY
OPERATING SURPLUS - SWIMMING POOL UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2024
(FROM SWIMMING POOL UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2023
$
Increased by:
Rents Levied
$
Decreased by:
Collections
$
Overpayments applied
$
Transfer to Liens
$
Other
$
$
-
Balance December 31, 2024
$
-
Balance December 31, 2023
$
Increased by:
Transfers from Accounts Receivable
$
Penalties and Costs
$
Other
$
$
-
Decreased by:
Collections
$
Other
$
$
-
Balance December 31, 2024
$
-
SCHEDULE OF SWIMMING POOL UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF SWIMMING POOL UTILITY LIENS
Sheet 47
Amount
Dec. 31, 2023
Amount in
Amount
Balance
per Audit
2024
Resulting
as at
Report
Budget
2024
Dec. 31, 2024
1.
Emergency Authorization -
Municipal*
$
$
$
$
-
2.
$
$
$
$
-
3.
$
$
$
$
-
4.
$
$
$
$
-
5.
$
$
$
$
-
Deficit in Operations
$
$
$
$
-
Total Operating
$
-
$
-
$
-
$
-
6.
$
$
$
$
-
7.
$
$
$
$
-
Total Capital
$
-
$
-
$
-
$
-
*Do not include items funded or refunded as listed below.
Amount
1.
$
2.
$
3.
$
4.
$
5.
$
Appropriated for
in Budget of
Date Entered
Amount
2024
1.
$
2.
$
3.
$
4.
$
Sheet 48
FUNDED OR REFUNDED UNDER N.J.SA.. 40A:2-3 OR N.J.S.A. 40A:2-51
Date
Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of
On Account of
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
SWIMMING POOL UTILITY FUND
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55, listed on Sheet 29)
Caused By
Amount
Not Less Than
Balance
Balance
Authorized
1/5 of Amount
Dec. 31, 2023
By 2024
Canceled
Dec. 31, 2024
Authorized*
Budget
By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals
-
-
-
-
-
-
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and
are recorded on this page
Chief Financial Officer
Sheet 48a
UTILITY SPECIAL EMERGENCY
Date
Purpose
REDUCED IN 2024
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Bond Maturities - Assessment Bonds
$
2025 Interest on Bonds
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
15,000.00
Outstanding - December 31, 2024
266,000.00
281,000.00
2025 Bond Maturities - Capital Bonds
$
2025 Interest on Bonds
$
10,140.00
2025 Interest on Bonds (*Items)
$
10,140.00
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
3,380.00
Subtotal
$
6,760.00
Add: Interest to be Accrued as of 12/31/2025
$
3,230.00
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49
Purpose
Amount Issued
Date of
Issue
-
LIST OF BONDS ISSUED DURING 2024
SWIMMING POOL UTILITY CAPITAL BONDS
281,000.00
xxxxxxxxx
xxxxxxxxx
281,000.00
15,000.00
INTEREST ON BONDS - SWIMMING POOL UTILITY BUDGET
9,990.00
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR BONDS
SWIMMING POOL UTILITY ASSESSMENT BONDS
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49a
Purpose
Amount Issued
Date of
Issue
-
LIST OF BONDS ISSUED DURING 2024
SWIMMING POOL UTILITY LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - SWIMMING POOL UTILITY BUDGET
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
SWIMMING POOL UTILITY LOAN
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
Debit
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
Outstanding - January 1, 2024
xxxxxxxxx
Issued
xxxxxxxxx
Paid
Outstanding - December 31, 2024
-
-
2025 Loan Maturities
$
2025 Interest on Loans
$
2025 Interest on Loans (*Items)
$
-
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
Subtotal
$
-
Add: Interest to be Accrued as of 12/31/2025
$
Required Appropriation 2025
$
2025 Maturity
Interest
Rate
-
Sheet 49a.1
Purpose
Amount Issued
Date of
Issue
-
LIST OF BONDS ISSUED DURING 2024
SWIMMING POOL UTILITY LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - SWIMMING POOL UTILITY BUDGET
-
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2025 DEBT SERVICE FOR LOANS
SWIMMING POOL UTILITY LOAN
Credit
2025 Debt Service
xxxxxxxxx
xxxxxxxxx
-
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
1.
-
2.
-
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate
of 20% of the original amount issued annually.
* See Sheet 33 for clarifications of "Original Date of Issue".
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if
it is contemplated that such notes will be renewed in 2025 or written intent of permanent financing submitted.
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
DEBT SERVICE FOR SWIMMING POOL UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2025
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
Memo:
Designate all "Capital Notes" issued under N.J.S.A. 40A:2-8(b) with "C". Such notes must be retired at the rate
2025 Interest on Notes
$
-
of 20% of the original amount issued annually.
Less: Interest Accrued to 12/31/2024 (Trial Balance)
$
* See Sheet 33 for clarifications of "Original Date of Issue".
Subtotal
$
-
All notes with an original date of issue of 2022 or prior require one legally payable installment to be budgeted if
Add: Interest to be Accrued as of 12/31/2025
$
it is contemplated that such notes will be renewed in 2025 or written intent of permanent financing submitted.
Required Appropriation 2025
$
-
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column.
(Do not crowd - add additional sheets)
Sheet 50
INTEREST ON NOTES - SWIMMING POOL UTILITY BUDGET
DEBT SERVICE FOR SWIMMING POOL UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2025
Title or Purpose of Issue
Original
Original
Amount
Date
Rate
Interest
Amount
Date of
of Note
of
of
Computed to
Issued
Issue*
Outstanding
Maturity
Interest
For Principal
For Interest
(Insert Date)
Dec. 31, 2024
**
-
-
-
-
Important: If there is more than one utility in the municipality, identify each note.
MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Utility Assessment Notes with an original date of issue of December 31, 2022 or prior must be appropriated in full in the 2026 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sheet 51
DEBT SERVICE SCHEDULE FOR SWIMMING POOL UTILITY ASSESSMENT NOTES
2025
Title or Purpose of Issue
Amount
Lease Obligation Outstanding
Dec. 31, 2024
For Prinicpal
For Interest/Fees
Total
-
-
-
Sheet 51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS SWIMMING POOL UTILITY
2025 Budget Requirements
Purpose
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
Drainage Improvements - Ord. #1650
19,216.59
19,216.59
Various Improvements - Ord. #1760
27,604.15
700.00
26,904.15
Various Improvements - Ord. #1774
46,156.09
400.00
1,556.09
44,600.00
400.00
Various Improvements - Ord. #1783
7,533.03
30,000.00
3,231.32
4,301.71
30,000.00
Various Improvements - Ord. #1818
69,573.52
69,573.52
Various Improvements - Ord. #1829
209,316.36
209,316.36
Various Improvements - Ord. #1848
138,701.00
250.00
138,451.00
Various Improvements - Ord. #1861
109,600.00
109,600.00
Multi-Purpose - Ord. #1873
324,239.84
3,990.00
320,249.84
Multi-Purpose - Ord. #1885
435,000.00
13,320.00
421,680.00
Total 70000-
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SWIMMING POOL (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.1
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SWIMMING POOL (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.2
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SWIMMING POOL (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet
52.3
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SWIMMING POOL (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
2024
Expended
Other
Funded
Unfunded
Authorizations
Funded
Unfunded
PREVIOUS PAGE TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
TOTALS
211,606.71
770,733.87
435,000.00
-
23,047.41
-
206,569.30
1,187,723.87
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sheet 52
Totals
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SWIMMING POOL (UTILITY CAPITAL FUND)
Balance - January 1, 2024
Balance - December 31, 2024
IMPROVEMENTS
Specify each authorization by purpose. Do
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
11,027.00
Received from 2024 Budget Appropriation
xxxxxxxxx
xxxxxxxxx
Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs:
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
11,027.00
xxxxxxxxx
11,027.00
11,027.00
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
Received from 2025 Budget Appropriation *
xxxxxxxxx
Received from 2025 Emergency Appropriation *
xxxxxxxxx
Appropriated to Finance Improvement Authorizations
xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2024
-
xxxxxxxxx
-
-
*The full amount of the 2025 budget appropriation should be transferred to this account unless the balance of
the appropriation is to be permitted to lapse.
SWIMMING POOL UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
SWIMMING POOL UTILITY CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of Down
Amount
Total
Down Payment
Payment in Budget
Appropriated
Obligations
Provided by
of 2025 or
Authorized
Ordinance
Prior Years
Multi-Purpose
435,000.00
435,000.00
435,000.00
435,000.00
-
-
Debit
Credit
Balance - January 1, 2024
xxxxxxxxx
18,934.85
Premium on Sale of Bonds
xxxxxxxxx
Funded Improvement Authorizations Canceled
xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization
xxxxxxxxx
Appropriation to 2025 Budget Reserve
xxxxxxxxx
Balance - December 31, 2024
18,934.85
xxxxxxxxx
18,934.85
18,934.85
2025
Sheet 54
SWIMMING POOL UTILITY CAPITAL FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2025
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
Purpose
SWIMMING POOL UTILITY FUND
STATEMENT OF CAPITAL SURPLUS
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