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Executive Summary
This is an unaudited annual financial statement for the Township of Woolwich, Gloucester County, New Jersey, for the year 2018. It includes details on the township's population, net valuation taxable, and various financial statements for different funds, including the current fund, federal and state grant fund, capital fund, trust funds, and public assistance fund. Key elements covered are assets, liabilities, reserves, fund balances, revenues, expenditures, debt, and taxes. Penalties of five dollars per day are mentioned for late filings by counties (January 26, 2019) and municipalities (February 10, 2019).
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Document Text
--- Document: Annual Financial Statement - 2018 Document ---
Page 1 of 78
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018
(UNAUDITED)
POPULATION LAST CENSUS
10,200
NET VALUATION TAXABLE 2018
$1,150,342,410.00
MUNICODE
0824
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES - JANUARY 26, 2019
MUNICIPALITIES - FEBRUARY 10, 2019
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
Township
of
Woolwich
County of
Gloucester
SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES
Date
Examined By:
1
Preliminary Check
2
Examined
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be
supported upon demand by a register or other detailed analysis.
Signature:
William Pine
(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, 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 William Pine am the Chief Financial Officer, License #N-0835, of the Township of Woolwich,
County of Gloucester 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, 2018, completely in compliance with N.J.S.A. 40A:5-12, as amended. I also give complete
assurances 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, 2018.
Prepared by Chief Financial Officer:
No
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.
Signature
William Pine
Title
Chief Financial Officer
Address
120 Village Green Drive
Woolwich, NJ 08085
US
Phone Number
Email
wpine@woolwichtwp.org
Page 2 of 78
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)
I have prepared the post-closing trial balances, related statements and analyses included in the
accompanying Annual Financial Statement from the books of account and records made available to me
by the Township of Woolwich as of December 31, 2018 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 no matters
came to my attention that caused me to believe that the Annual Financial Statement for the year end
December 31, 2018 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 the 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:
Michael Welding
Registered Municipal Accountant
Holman Frenia Allison, P.C.
Firm Name
6 North Broad Sreet
Woodbury, NJ 08096
Address
(856) 782-2892
Phone Number
mwelding@bowmanllp.com
Email
Certified by me
5/6/2019
Page 3 of 78
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION
BY
CHIEF FINANCIAL OFFICER
One of the following Certifications must be signed by the Chief Financial Officer if
your municipality is eligible for local examination.
CERTIFICATION OF QUALIFYING MUNICIPALITY
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" referendum.
10. The municipality will not apply for Transitional Aid for 2019.
The undersigned certifies that this municipality has compiled 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:
Woolwich
Chief Financial Officer:
William Pine
Signature:
William Pine
Certificate #:
Date:
5/6/2019
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
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:
Woolwich
Chief Financial Officer:
Signature:
Certificate #:
Date:
5/6/2019
Page 4 of 78
22-1853919
Fed I.D. #
Woolwich
Municipality
Gloucester
County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending: December 31, 2018
(1)
(2)
(3)
Federal Programs
Expended
(administered by
the State)
State Programs
Expended
Other Federal
Programs
Expended
TOTAL
$13,351.53
$57,635.40
$
Type of Audit required by OMB Uniform
Guidance and N.J. Circular 15-08-OMB:
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 OMB Uniform Guidance and
N.J. Circular 15-08 OMB. The single audit threshold has been increased to $750,000
beginning with fiscal year starting 1/1/2015.
(1) Report expenditures from federal pass-through programs received directly from state
governments. 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 governments.
William Pine
5/6/2019
Signature of Chief Financial Officer
Date
Page 5 of 78
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
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 or 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 Township of Woolwich, County of Gloucester during the year 2018.
I have therefore removed from this statement the sheets pertaining only to utilities.
Signature:
William Pine
Name:
William Pine
Title:
Chief Financial Officer
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2018
☐ Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax
year 2019 and filed with the County Board of Taxation on January 10, 2019 in accordance with the
requirement of N.J.S.A. 54:4-35, was in the amount of
$1,176,248,210
Craig Black
SIGNATURE OF TAX ASSESSOR
Woolwich
MUNICIPALITY
Gloucester
COUNTY
Page 6 of 78
CURRENT FUND ASSETS
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Cash:
Cash
5,559,112.49
Change Fund
83.67
Sub Total Cash
5,559,196.16
Investments:
Investments
1,048,068.76
Sub Total Investments
1,048,068.76
Other Receivables
Receivables and Other Assets with Full Reserves
Delinquent Taxes
585,120.13
Tax Title Liens
219,601.12
Prepaid School Taxes
100.40
Revenue Accounts Receivable
13,775.84
Due from Trust Other
81,029.88
Due from Animal Control Fund
94.24
Due from Municipal Open Space Trust
360,188.00
Sub Total Receivables and Other Assets with Reserves
1,259,909.61
Deferred Charges
Total Assets
7,867,174.53
Page 7 of 78
CURRENT FUND LIABILITIES, RESERVES AND FUND BALANCE
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Liabilities:
Reserve for Encumbrances
248,932.63
Appropriation Reserves
515,053.38
Accounts Payable
15,852.27
Tax Overpayments
48,617.03
Local District School Tax Payable
2,776,955.47
Due County for Added and Omitted Taxes
99,234.38
Prepaid Taxes
351,870.05
Due to State of New Jersey - Senior Citizens & Veterans Deductions
12,329.30
Due to Grant Fund
74,644.57
Due to General Capital Fund
77,190.13
Due to Municipal Open Space Trust Fund
25,145.50
Reserve for Master Plan
66,418.82
Total Liabilities
4,312,243.53
Total Liabilities, Reserves and Fund Balance:
Reserve for Receivables
1,259,909.61
Fund Balance
2,295,021.39
Total Liabilities, Reserves and Fund Balance
7,867,174.53
Page 8 of 78
FEDERAL AND STATE GRANT FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Federal and State Grants Receivable
308,946.70
Due from Current Fund
74,644.57
Interfund "Defined by User"Account Receivable
127,500.00
Total Assets Federal and State Grant Fund
511,091.27
Liabilities
Encumbrances Payable
12,395.45
Appropriated Reserves for Federal and State Grants
485,113.41
Unappropriated Reserves for Federal and State Grants
13,582.41
Total Liabilities Federal and State Grant Fund
511,091.27
Page 9 of 78
CAPITAL FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Cash
986.20
Investments
90,000.00
State Aid Receivable
363,156.12
Due from Current Fund
77,190.13
Due from Municipal Open Space Trust
204,356.64
Deferred Charges
Deferred Charges to Future Taxation - Unfunded
20,400,000.00
Deferred Charges to Future Taxation - Funded
15,124,419.43
Total Deferred Charges
35,524,419.43
Total Assets General Capital Fund
36,260,108.52
Liabilities
Reserve for Encumbrances
15,434,212.46
Improvement Authorizations - Funded
412,644.04
Improvement Authorizations - Unfunded
4,723,623.41
General Capital Bonds
14,910,000.00
Loans Payable
214,419.43
Reserve for Developer's Deposits
173,465.05
Reserve to Pay Debt Service
88,588.65
Capital Improvement Fund
54,483.35
Due to Grant Fund
127,500.00
Due to Trust Fund
100,000.00
Total Liabilities and Reserves
36,238,936.39
Fund Balance
Capital Surplus
21,172.13
Total General Capital Liabilities
36,260,108.52
Page 10 of 78
TRUST ASSESSMENT FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Cash:
Investments
Assets not offset by Receivables
Assets offset by the Reserve for Receivables
Deferred Charges
Liabilities and Reserves
Fund Balance
Page 11 of 78
OTHER TRUST FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Animal Control Trust Assets
Cash
6,586.44
Total Dog Trust Assets
6,586.44
Animal Control Trust Liabilities
Due to Current Fund
94.24
Reserve for Animal Control Expenditures
6,492.20
Total Dog Trust Reserves
6,586.44
CDBG Trust Assets
CDBG Trust Liabilities
LOSAP Trust Assets
LOSAP Trust Liabilities
Open Space Trust Assets
Cash
873,801.71
Due from Current Fund
25,145.50
Total Open Space Trust Assets
898,947.21
Open Space Trust Liabilities
Encumbrances Payable
185,996.73
Due to Current Fund
360,188.00
Due to General Capital Fund
204,356.64
Reserve for Open Space
148,405.84
Total Open Space Trust Reserves
898,947.21
Other Trust Assets
Cash
1,679,347.16
Investment
700,000.00
Due from Capital Fund
100,000.00
Total Other Trust Assets
2,479,347.16
Other Trust Liabilities
Due to Current Fund
81,029.88
Total Miscellaneous Trust Reserves (31-287)
1,515,207.81
Total Trust Escrow Reserves (31-286)
883,109.47
Total Other Trust Reserves and Liabilities
2,479,347.16
Page 12 of 78
PUBLIC ASSISTANCE FUND
COMPARATIVE BALANCE SHEET – REGULATORY BASIS
AS OF DECEMBER 31, 2018
2018
Assets
Liabilities and Reserves
Page 13 of 78
SCHEDULE OF TRUST FUND RESERVES
Purpose
Amount Dec. 31, 2017 Per
Audit Report
Receipts
Disbursements
Balance as of
Dec. 31, 2018
COAH Fees
$322,506.78
$10,850.33
$
$333,357.11
Developer's Open Space
$6,490.09
$5.14
$6,254.22
$241.01
Developer's Recreation Fees
$113,828.88
$141.23
$1,898.60
$112,071.51
Developer's Tree Compensation
$324,011.44
$2,284.81
$2,100.00
$324,196.25
Election Trust
$250.00
$13,600.00
$13,000.00
$850.00
Municipal Functions Donations
$152,219.93
$61,884.93
$178,426.85
$35,678.01
Payroll Deductions Payable
$20,602.98
$4,042,291.02
$4,049,184.44
$13,709.56
POAA - Parking Fines
$524.61
$24.00
$
$548.61
Police Forfeited Funds
$4,400.29
$89.90
$
$4,490.19
Police Overtime
$28,082.08
$283,582.95
$245,700.72
$65,964.31
Public Defender
$2,751.26
$3,800.00
$3,200.00
$3,351.26
Recreation Trust
$24,060.37
$132,964.28
$135,433.60
$21,591.05
Site Plan Review Escrow
$737,678.90
$310,948.32
$274,476.84
$774,150.38
Snow Removal
$19,738.20
$37,381.38
$53,909.40
$3,210.18
Tax Sale Premiums
$231,122.38
$
$132,100.00
$99,022.38
Tax Title Lien Redemption
$9,886.71
$232,446.91
$232,396.91
$9,936.71
UCC Trust
$688,416.41
$506,451.92
$602,538.62
$592,329.71
Unemployment Trust
$2,435.26
$5,002.07
$3,818.28
$3,619.05
Totals
$2,689,006.57
$5,643,749.19
$5,934,438.48
$2,398,317.28
Page 14 of 78
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO
LIABILITIES AND SURPLUS
Receipts
Title of Liability to which Cash and Investments are
Pledged
Audit Balance Dec.
31, 2017
Assessments
and Liens
Current Budget
Other
Disbursements
Balance Dec. 31, 2018
Assessment Bond Anticipation Note Issues:
Other Liabilities
Trust Surplus
Trust Surplus
0.00
0.00
Less Assets “Unfinanced”
Totals
0.00
0.00
Page 15 of 78
CASH RECONCILIATION DECEMBER 31, 2018
Cash
On Hand
On Deposit
Less Checks
Outstanding
Cash Book Balance
Capital - General
20.00
40,966.20
40,000.00
986.20
Current
50,920.01
5,923,275.53
415,083.05
5,559,112.49
Federal and State Grant Fund
Municipal Open Space Trust Fund
873,801.71
873,801.71
Public Assistance #1**
Public Assistance #2**
Trust - Assessment
Trust - Dog License
6,586.44
6,586.44
Trust - Other
1,729,661.19
50,314.03
1,679,347.16
Total
50,940.01
8,574,291.07
505,397.08
8,119,834.00
* - Include Deposits In Transit
** - Be sure to include a Public Assistance 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,
2018.
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 passbooks at December 31, 2018.
All "Certificates of Deposit", "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:
Michael Welding
Title:
Registered Municipal Accountant
Page 16 of 78
CASH RECONCILIATION DECEMBER 31, 2018 (CONT'D)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Bank
Amount
Animal Control Account - Fulton BofNJ
6,586.44
COAH - Fulton BofNJ
333,357.11
Developer Tree Compensation Account - Fulton BofNJ
124,196.25
Developer's Open Space - Fulton BofNJ
241.01
Developer's Recreation - Fulton BofNJ
93,101.39
Election Account - Fulton BofNJ
850.00
Escrow Account - Fulton BofNJ
774,150.38
Forfeited Funds - Fulton BofNJ
4,496.61
Fulton Bank - Current
5,534,830.68
Fulton Bank - General Disbursement
363,281.71
General Capital - Fulton BofNJ
40,966.20
Municipal Functions - Fulton BofNJ
35,678.01
Municipal Open Space - Fulton BofNJ
873,801.71
Off Duty Police - Fulton BofNJ
65,964.31
Parks and Recreation - Fulton BofNJ
21,584.63
Payroll Account - Fulton BofNJ
64,023.59
POAA - Fulton BofNJ
548.61
Public Defender - Fulton BofNJ
3,351.26
Snow Removal - Fulton BofNJ
3,210.18
Tax Premium Account - Fulton BofNJ
99,022.38
Tax Title Lien Account - Fulton BofNJ
9,936.71
TD Bank - General Disbursement
25,163.14
UCC Trust - Fulton BofNJ
92,329.71
Unemployment Account - Fulton BofNJ
3,619.05
Total
8,574,291.07
Note: Sections N.J.S.A. 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.
Page 17 of 78
MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE
Grant
Balance Jan. 1, 2018
2018 Budget
Revenue Realized
Received
Canceled
Other
Balance
Dec. 31, 2018
Other Grant Receivable
Description
Alcohol Education & Rehabilitation
Fund
695.71
695.71
0.00
Drive Sober or Get Pulled Over
2,475.00
2,475.00
0.00
Distracted Driving Grant
3,300.00
3,300.00
0.00
Click it or Ticket
2,200.00
2,200.00
0.00
Body Armor Grant
515.56
2,428.28
2,428.28
515.56
CDBG
13,239.20
13,239.20
Clean Communities Program
1,159.63
21,509.48
21,509.48
1,159.63
Drunk Driving Enforcement Grant
2,166.60
3,080.00
3,630.00
1,616.60
DVRPC
25,370.66
25,370.66
Municipal Alliance for Drug and
Alcohol Abuse
13,635.20
6,619.00
6,619.00
13,635.20
NJDEP - Recreation Trails Program
6,000.00
6,000.00
NJDOT - Bikeways
170,000.00
170,000.00
Recycling Tonnage Grant
26,107.67
26,107.67
0.00
NJDOT - Shared Use Path
66,547.00
66,547.00
Sustainable Jersey Small Grant
12,862.85
2,000.00
10,862.85
Total
311,496.70
68,415.14
70,965.14
0.00
0.00
308,946.70
Page 18 of 78
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation by
40A:4-87
Expended
Cancelled
Other
Balance
Dec. 31 2018
Other Grant Receivable
Description
Alcohol Education and
Rehabilitation Grant
5,272.81
5,272.81
Body Armor Replacement Grant
2,974.00
2,428.28
3,302.59
2,099.69
CDBG - Federal
1,145.83
1,145.83
Clean Communities Program
55,498.19
21,509.48
31,856.68
1,797.00
46,947.99
Encumbrances
Reclassified
Click It or Ticket Grant
2,200.00
2,200.00
0.00
Distracted Driving Grant
3,300.00
3,300.00
0.00
Drive Sober or Get Pulled Over
2,475.00
2,475.00
Drunk Driving Enforcement Fund
5,951.61
3,080.00
7,851.53
1,180.08
Jersey Fresh Grant
600.00
600.00
Municipal Alliance for Drug and
Alcohol Abuse - Municipal Share
17,582.31
1,654.75
19,237.06
Municipal Alliance for Drug and
Alcohol Abuse - State Share
4,895.00
6,619.00
695.71
1,167.01
11,042.70
Municipal Stormwater Regulation
Grant - Federal
588.50
588.50
NJDEP - Recreation Trails Program
- Municipal Share
6,000.00
6,000.00
NJDEP - Recreation Trails Program
- State Share
24,000.00
24,000.00
NJDOT - Bikeways
104,500.00
7,123.99
7,123.99
104,500.00
Encumbrances
Reclassified
NJDOT - Shared Use Path
194,047.00
194,047.00
Recycling Tonnage Grant
19,047.76
26,107.67
13,528.67
11,216.00
42,842.76
Encumbrances
Reclassified
SHARE Grant
19,918.99
19,918.99
Page 19 of 78
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation by
40A:4-87
Expended
Cancelled
Other
Balance
Dec. 31 2018
Other Grant Receivable
Description
Sustainable Jersey Small Grant
3,250.00
35.00
3,215.00
Total
465,272.00
39,889.70
30,180.19
70,365.47
0.00
20,136.99
485,113.41
Page 20 of 78
SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Transferred from 2018 Budget
Appropriations
Grant
Balance
Jan. 1, 2018
Budget
Appropriation By
40A:4-87
Receipts
Grants Receivable
Other
Balance
Dec. 31, 2018
Other Grant Receivable
Description
Body Armor Grant
2,428.28
2,428.28
0.00
Recycling Tonnage Grant
13,582.41
13,582.41
Total
16,010.69
2,428.28
0.00
0.00
0.00
0.00
13,582.41
Page 21 of 78
LOCAL DISTRICT SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
xxxxxxxxxx
2,604,985.49
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018)
xxxxxxxxxx
5,410,504.32
Prepaid Beginning Balance
xxxxxxxxxx
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
16,374,919.00
Levy Calendar Year 2018
xxxxxxxxxx
Paid
16,202,949.02
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable #
2,776,955.47
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy -2018 -2019)
5,410,504.32
xxxxxxxxxx
Prepaid Ending Balance
xxxxxxxxxx
24,390,408.81
24,390,408.81
Amount Deferred during year
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of
Education for use of local schools
# Must include unpaid requisitions
MUNICIPAL OPEN SPACE TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
289,111.28
2018 Levy
xxxxxxxxxx
575,171.00
Added and Omitted Levy
xxxxxxxxxx
6,078.61
Interest Earned
xxxxxxxxxx
23,288.56
Expenditures
745,243.61
xxxxxxxxxx
Balance December 31, 2018
148,405.84
xxxxxxxxxx
893,649.45
893,649.45
Page 22 of 78
REGIONAL SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
0.00
School Tax Deferred
(Not in excess of 50% of Levy - 2017 -2018)
xxxxxxxxxx
0.00
Prepaid Beginning Balance
xxxxxxxxxx
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
Levy Calendar Year 2018
xxxxxxxxxx
Paid
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
0.00
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 -2019)
0.00
xxxxxxxxxx
Prepaid Ending Balance
xxxxxxxxxx
0.00
0.00
Amount Deferred during Year
# Must include unpaid requisitions
REGIONAL HIGH SCHOOL TAX
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
0.10
School Tax Deferred
(Not in excess of 50% of Levy - 2017 - 2018 )
xxxxxxxxxx
0.00
Prepaid Beginning Balance
xxxxxxxxxx
Levy School Year July 1, 2018- June 30, 2019
xxxxxxxxxx
Levy Calendar Year 2018
xxxxxxxxxx
10,729,506.00
Paid
10,729,606.50
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
School Tax Payable
xxxxxxxxxx
School Tax Deferred
(Not in excess of 50% of Levy - 2018 -2019)
0.00
xxxxxxxxxx
Prepaid Ending Balance
100.40
xxxxxxxxxx
10,729,606.50
10,729,606.50
Amount Deferred during year
# Must include unpaid requisitions
Page 23 of 78
COUNTY TAXES PAYABLE
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
xxxxxxxxxx
County Taxes
xxxxxxxxxx
0.00
Due County for Added and Omitted Taxes
xxxxxxxxxx
115,130.12
2018 Levy
xxxxxxxxxx
xxxxxxxxxx
General County
xxxxxxxxxx
8,179,201.18
County Library
xxxxxxxxxx
599,988.68
County Health
xxxxxxxxxx
County Open Space Preservation
xxxxxxxxxx
511,354.70
Due County for Added and Omitted Taxes
xxxxxxxxxx
99,435.97
Paid
9,405,876.27
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
xxxxxxxxxx
County Taxes
0.00
xxxxxxxxxx
Due County for Added and Omitted Taxes
99,234.38
xxxxxxxxxx
9,505,110.65
9,505,110.65
Paid for Regular County Levies
9,290,544.56
Paid for Added and Omitted Taxes
115,331.71
SPECIAL DISTRICT TAXES
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
0.00
2018Levy (List Each Type of District Tax
Separately – see Footnote)
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
Total 2018 Levy
xxxxxxxxxx
Paid
xxxxxxxxxx
Balance December 31, 2018
0.00
xxxxxxxxxx
0.00
0.00
Footnote: Please state the number of districts in each instance.
Page 24 of 78
STATEMENT OF GENERAL BUDGET REVENUES 2018
Source
Budget -01
Realized -02
Excess or
Deficit -03
Surplus Anticipated
2,288,661.70
2,288,661.70
0.00
Surplus Anticipated with Prior Written Consent of Director
of Local Government
Adopted Budget
1,646,235.87
1,627,111.61
-19,124.26
Added by N.J.S.A. 40A:4-87
30,180.19
30,180.19
0.00
Total Miscellaneous Revenue Anticipated
1,676,416.06
1,657,291.80
-19,124.26
Receipts from Delinquent Taxes
424,831.43
390,236.89
-34,594.54
Amount to be Raised by Taxation:
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
(a) Local Tax for Municipal Purposes
6,062,342.00
xxxxxxxxxx
xxxxxxxxxx
(b) Addition to Local District School Tax
xxxxxxxxxx
xxxxxxxxxx
(c) Minimum Library Tax
xxxxxxxxxx
xxxxxxxxxx
County Only: Total Raised by Taxation
xxxxxxxxxx
xxxxxxxxxx
Total Amount to be Raised by Taxation
6,062,342.00
7,104,033.23
1,041,691.23
10,452,251.19
11,440,223.62
987,972.43
ALLOCATION OF CURRENT TAX COLLECTIONS
Debit
Credit
Current Taxes Realized in Cash
xxxxxxxxxx
42,902,055.37
Amount to be Raised by Taxation:
xxxxxxxxxx
xxxxxxxxxx
Local District School Tax
16,374,919.00
xxxxxxxxxx
Regional School Tax
xxxxxxxxxx
Regional High School Tax
10,729,506.00
xxxxxxxxxx
County Taxes
9,290,544.56
xxxxxxxxxx
Due County for Added and Omitted Taxes
99,435.97
xxxxxxxxxx
Special District Taxes
xxxxxxxxxx
Municipal Open Space Tax
581,249.61
xxxxxxxxxx
Reserve for Uncollected Taxes
xxxxxxxxxx
1,277,633.00
Deficit in Required Collection of Current Taxes (or)
xxxxxxxxxx
Balance for Support of Municipal Budget (or)
7,104,033.23
xxxxxxxxxx
*Excess Non-Budget Revenue (see footnote)
xxxxxxxxxx
*Deficit Non-Budget Revenue (see footnote)
xxxxxxxxxx
44,179,688.37
44,179,688.37
* 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.
Page 25 of 78
STATEMENT OF GENERAL BUDGET REVENUES 2018
MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S.A. 40A:4-87
Source
Budget
Realized
Excess or (Deficit)
Alcohol Education and Rehabilitation Fund
695.71
695.71
0.00
Clean Communities Program
21,509.48
21,509.48
0.00
Click It or Ticket
2,200.00
2,200.00
0.00
Distracted Driving Grant
3,300.00
3,300.00
0.00
Drive Sober or Get Pulled Over
2,475.00
2,475.00
0.00
Recycling Tonnage Grant
TOTAL
30,180.19
30,180.19
0.00
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I
have received written notification of the award of public or private revenue. These insertions meet the
statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature:
William Pine
Page 26 of 78
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2018
2018 Budget as Adopted
10,422,070.62
2018 Budget - Added by N.J.S.A. 40A:4-87
30,180.19
Appropriated for 2018 (Budget Statement Item 9)
10,452,250.81
Appropriated for 2018 Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9)
10,452,250.81
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
10,452,250.81
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)]
8,659,564.42
Paid or Charged - Reserve for Uncollected Taxes
1,277,633.00
Reserved
515,053.38
Total Expenditures
10,452,250.80
Unexpended Balances Cancelled (see footnote)
0.01
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."
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR
LOCAL DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
2018 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
Page 27 of 78
RESULTS OF 2018 OPERATION
CURRENT FUND
Debit
Credit
Cancelation of Reserves for Federal and State Grants
(Credit)
Cancellation of Federal and State Grants Receivable
(Debit)
Deferred School Tax Revenue: Balance December 31,
CY
5,410,504.32
Deferred School Tax Revenue: Balance January 1, CY
5,410,504.32
Deficit in Anticipated Revenues: Delinquent Tax
Collections
34,594.54
Deficit in Anticipated Revenues: Miscellaneous
Revenues Anticipated
19,124.26
Deficit in Anticipated Revenues: Required Collection
of Current Taxes
Excess of Anticipated Revenues: Delinquent Tax
Collections
0.00
Excess of Anticipated Revenues: Miscellaneous
Revenues Anticipated
Excess of Anticipated Revenues: Required Collection
of Current Taxes
1,041,691.23
Interfund Advances Originating in CY (Debit)
170,474.38
Miscellaneous Revenue Not Anticipated
584,256.17
Miscellaneous Revenue Not Anticipated: Proceeds of
Sale of Foreclosed Property
Prior Years Interfunds Returned in CY (Credit)
21,801.13
Refund of Prior Year Revenue (Debit)
Sale of Municipal Assets (Credit)
Senior Citizen Deductions Disallowed - Prior Year
Taxes (Debit)
2,500.00
Statutory Excess in Reserve for Dog Fund
Expenditures (Credit)
Unexpended Balances of CY Budget Appropriations
0.01
Unexpended Balances of PY Appropriation Reserves
(Credit)
346,969.99
Surplus Balance
1,768,025.35
xxxxxxxxxx
Deficit Balance
xxxxxxxxxx
7,405,222.85
7,405,222.85
Page 28 of 78
SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED
Source
Amount Realized
Woolwich-Swedesboro Regional Reimbursements
29,071.32
Prior Year Refund
18,880.00
Insurance Reimbursements
13,645.00
Senior & Vet Admin Fee
1,052.50
Interest on Investments
44,429.35
Cable TV Franchise Fees
38,409.37
Cancellation of Old Outstanding Checks
34,728.72
Community Garden Plots
1,095.00
Zoning Board Fees
49,165.00
Planning Board Fees
18,555.00
Street Opening Fees
5,900.00
Junk Yard
2,400.66
Licenses - Alcohol
6,150.00
Clerk Fees
1,510.76
Marriage Licenses
989.00
Miscellaneous Other
121,650.80
Municipal Building Rentals
13,650.00
Payment in Lieu of Taxes
99,905.69
Kingsway Regional Reimbursements
41,568.00
Vacant Property Registration
41,500.00
Total Amount of Miscellaneous Revenues Not Anticipated
$584,256.17
Page 29 of 78
SURPLUS – CURRENT FUND
YEAR 2018
Debit
Credit
Balance January 1, CY (Credit)
2,815,657.74
Amount Appropriated in the CY Budget - Cash
2,288,661.70
Amount Appropriated in the CY Budget - with
Prior Written Consent of Director of Local
Government Services
Excess Resulting from CY Operations
1,768,025.35
Miscellaneous Revenue Not Anticipated: Payments
in Lieu of Taxes on Real Property (Credit)
Balance December 31, 2018
2,295,021.39
xxxxxxxxxx
4,583,683.09
4,583,683.09
ANALYSIS OF BALANCE DECEMBER 31, 2018
(FROM CURRENT FUND – TRIAL BALANCE)
Cash
5,559,196.16
Investments
1,048,068.76
Sub-Total
6,607,264.92
Deduct Cash Liabilities Marked with “C” on Trial Balance
4,312,243.53
Cash Surplus
2,295,021.39
Deficit in Cash Surplus
Other Assets Pledged to Surplus
Due from State of N.J. Senior Citizens and Veterans
Deduction
0.00
Deferred Charges #
Cash Deficit
Total Other Assets
0.00
2,295,021.39
Page 30 of 78
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES – 2018 LEVY
1.
Amount of Levy as per Duplicate (Analysis) #
$43,045,356.56
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
$460,508.25
N.J.S.A. 54:4-63.1 et. seq.
5a.
Subtotal 2018 Levy
$43,505,864.81
5b.
Reductions due to tax appeals **
$
5c.
Total 2018 Tax Levy
$43,505,864.81
6.
Transferred to Tax Title Liens
$25,289.82
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$39,556.85
9.
Discount Allowed
$
10.
Collected in Cash: In 2017
$1,678,701.16
In 2018*
$40,925,913.04
Homestead Benefit Revenue
$244,941.17
State's Share of 2018 Senior Citizens and Veterans
Deductions Allowed
$52,500.00
Total to Line 14
$42,902,055.37
11.
Total Credits
$42,966,902.04
12.
Amount Outstanding December 31, 2018
$538,962.77
13.
Percentage of Cash Collections to Total 2018 Levy,
(Item 10 divided by Item 5c) is
98.6121
Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy
Sale?
No
14.
Calculation of Current Taxes Realized in Cash:
Total of Line 10
$42,902,055.37
Less: Reserve for Tax Appeals Pending
$
State Division of Tax Appeals
To Current Taxes Realized in Cash
$42,902,055.37
Note A: In showing the above percentage the following should be noted:
Where Item 5 shows $43,505,864.81, and Item 10 shows $42,902,055.37, the percentage represented by
the cash collections would be $42,902,055.37 / $43,505,864.81 or 98.6121. The correct percentage to be
shown as Item 13 is 98.6121%.
# 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 2018 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. (N.J.S.A. 40A:4-41)
Page 31 of 78
ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2018
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997
(1)Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash……………………………………………...
LESS: Proceeds from Accelerated Tax Sale……………………………………
NET Cash Collected…………………………………………………….
Line 5c Total 2018 Tax Levy……………
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is……………………………………..
(2)Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash………………………………………………
LESS: Proceeds from Tax Levy Sale (excluding premium)……………………..
NET Cash Collected...................................................................................
Line 5c Total 2018 Tax Levy……………
Percentage of Collection Excluding Accelerated Tax Sale Proceeds
(Net Cash Collected divided by Item 5c) is……………………………………
Page 32 of 78
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit
Credit
1
Balance Jan 1, CY: Due From State of New
Jersey (Debit)
0.00
1
Balance Jan 1, CY: Due To State of New
Jersey (Credit)
11,454.30
2
Sr. Citizens Deductions Per Tax Billings
(Debit)
8,000.00
3
Veterans Deductions Per Tax Billings
(Debit)
43,250.00
4
Sr. Citizen & Veterans Deductions Allowed
by Collector (Debit)
1,250.00
7
Sr. Citizen & Veterans Deductions
Disallowed by Collector (Credit)
8
Sr. Citizens Deductions Disallowed By Tax
Collector PY Taxes (Credit)
2,500.00
9
Received in Cash from State (Credit)
50,875.00
Balance December 31, 2018
12,329.30
64,829.30
64,829.30
Calculation of Amount to be included on Sheet 22, Item
10- 2018 Senior Citizens and Veterans Deductions
Allowed
Line 2
8,000.00
Line 3
43,250.00
Line 4
1,250.00
Sub-Total
52,500.00
Less: Line 7
To Item 10
52,500.00
Page 33 of 78
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING
(N.J.S.A. 54:3-27)
Debit
Credit
Balance January 1, 2018
xxxxxxxxxx
0.00
Taxes Pending Appeals
0.00
xxxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending
Appeals
0.00
xxxxxxxxxx
xxxxxxxxxx
Contested Amount of 2018 Taxes Collected which are
Pending State Appeal
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals
xxxxxxxxxx
Budget Appropriation
xxxxxxxxxx
Cash Paid to Appellants
(Including 5% Interest from Date of Payment
xxxxxxxxxx
Closed to Results of Operations
(Portion of Appeal won by Municipality, including Interest)
xxxxxxxxxx
Balance December 31, 2018
xxxxxxxxxx
Taxes Pending Appeals*
xxxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending
Appeals
xxxxxxxxxx
xxxxxxxxxx
*Includes State Tax Court and County Board of Taxation
Appeals Not Adjusted by December 31, 2018
Kim Jaworski
Signature of Tax Collector
12/14/2018
License #
Date
Page 34 of 78
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
Credit
1.
Balance January 1, 2018
631,156.49
xxxxxxxxxx
A. Taxes
432,799.11
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
198,357.38
xxxxxxxxxx
xxxxxxxxxx
2.
Cancelled
A. Taxes
xxxxxxxxxx
3,292.87
B. Tax Title Liens
xxxxxxxxxx
3.
Transferred to Foreclosed Tax Title Liens:
A. Taxes
xxxxxxxxxx
B. Tax Title Liens
xxxxxxxxxx
4.
Added Taxes
2,500.00
xxxxxxxxxx
5.
Added Tax Title Liens
xxxxxxxxxx
6.
Adjustment between Taxes (Other than current year)
A. Taxes - Transfers to Tax Title Liens
xxxxxxxxxx
B. Tax Title Liens - Transfers from
Taxes
xxxxxxxxxx
7.
Balance Before Cash Payments
xxxxxxxxxx
630,363.62
8.
Totals
633,656.49
633,656.49
9.
Collected:
xxxxxxxxxx
390,236.89
A. Taxes
385,848.88
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
4,388.01
xxxxxxxxxx
xxxxxxxxxx
10.
Interest and Costs - 2018 Tax Sale
341.93
xxxxxxxxxx
11.
2018 Taxes Transferred to Liens
25,289.82
xxxxxxxxxx
12.
2018 Taxes
538,962.77
xxxxxxxxxx
13.
Balance December 31, 2018
xxxxxxxxxx
804,721.25
A. Taxes
585,120.13
xxxxxxxxxx
xxxxxxxxxx
B. Tax Title Liens
219,601.12
xxxxxxxxxx
xxxxxxxxxx
14.
Totals
1,194,958.14
1,194,958.14
15.
Percentage of Cash Collections to
Adjusted Amount Outstanding
(Item No. 9 divided by Item
No. 7) is
61.9066
16.
Item No. 14 multiplied by percentage
shown above is
500,159.20
and represents the
maximum amount that may be anticipated
in 2019.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the
same.
Page 35 of 78
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit
Credit
Balance January 1, CY (Debit)
0.00
Adjustment to Assessed Valuation (Credit)
Adjustment to Assessed Valuation (Debit)
Foreclosed or Deeded in CY: Tax Title Liens (Debit)
Foreclosed or Deeded in CY: Taxes Receivable
(Debit)
Sales: Cash* (Credit)
Sales: Contract (Credit)
Sales: Gain on Sales (Debit)
Sales: Loss on Sales (Credit)
Sales: Mortgage (Credit)
Balance December 31, 2018
xxxxxxxxxx
CONTRACT SALES
Debit
Credit
Balance January 1, CY (Debit)
0.00
Collected * (Credit)
CY Sales from Foreclosed Property (Debit)
Balance December 31, 2018
xxxxxxxxxx
MORTGAGE SALES
Debit
Credit
Balance January 1, CY (Debit)
0.00
Collected * (Credit)
CY Sales from Foreclosed Property (Debit)
Balance December 31, 2018
xxxxxxxxxx
Analysis of Sale of Property:
$
*Total Cash Collected in 2018
Realized in 2018 Budget
To Results of Operation
Page 36 of 78
DEFERRED CHARGES
- 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)
Caused By
Amount
Dec. 31, 2017
per Audit
Report
Amount in
2018 Budget
Amount
Resulting from
2018
Balance as at
Dec. 31, 2018
Animal Control Fund
$0.00
$
$
$
Capital -
$0.00
$
$
$
Deficit from Operations
$0.00
$
$
$
Emergency Appropriation
$125,000.00
$125,000.00
$
$0.00
Special Emergency
Appropriation
$0.00
$
$
$
Trust Assessment
$0.00
$
$
$
Trust Other
$0.00
$
$
$
Subtotal Current Fund
$125,000.00
$125,000.00
$
$0.00
Subtotal Trust Fund
$0.00
$
$
$
Subtotal Capital Fund
$0.00
$
$
$
Total Deferred Charges
$125,000.00
$125,000.00
$
$0.00
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
Amount
$
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT
SATISFIED
In Favor Of
On Account Of
Date Entered
Amount
Appropriated for in
Budget of Year
2019
$
Page 37 of 78
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; MUNICI- PAL CONSOLIDATION ACT; FLOOD
OR HURRICANE DAMAGE.
Reduced in 2018
Date
Purpose
Amount
Authorized
Not Less Than 1/5
of Amount
Authorized*
Balance
Dec. 31, 2017
By 2018 Budget
Cancelled by
Resolution
Balance
Dec. 31, 2018
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.
William Pine
Chief Financial Officer
* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2018 must be entered here and
then raised in the 2019 budget.
Page 38 of 78
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS/BRIDGES BY SNOW, ICE, FROST OR FLOOD
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Reduced in 2018
Date
Purpose
Amount
Authorized
Not Less Than 1/3
of Amount
Authorized*
Balance
Dec. 31, 2017
By 2018 Budget
Cancelled by
Resolution
Balance
Dec. 31, 2018
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 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page.
William Pine
Chief Financial Officer
* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2018 must be entered here and
then raised in the 2019 budget.
Page 39 of 78
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR BONDS
MUNICIPAL GENERAL CAPITAL BONDS
Debit
Credit
2019 Debt Service
Outstanding January 1, CY (Credit)
15,910,000.00
Cancelled (Debit)
Issued (Credit)
Paid (Debit)
1,000,000.00
Outstanding Dec. 31, 2018
14,910,000.00
xxxxxxxxxx
15,910,000.00
15,910,000.00
2019 Bond Maturities – General Capital Bonds
$1,015,000.00
2019 Interest on Bonds
482,200.00
ASSESSMENT SERIAL BONDS
Outstanding January 1, CY (Credit)
0.00
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Bond Maturities – General Capital Bonds
$
2019 Interest on Bonds
LIST OF BONDS ISSUED DURING 2018
Purpose
2019 Maturity
Amount Issued
Date of
Issue
Interest
Rate
Total
Page 40 of 78
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR LOANS
MUNICIPAL GREEN ACRES TRUST LOAN
Debit
Credit
2019 Debt Service
Outstanding January 1, CY (Credit)
0.00
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31,2018
xxxxxxxxxxx
2019 Loan Maturities
$
2019 Interest on Loans
$
Total 2019 Debt Service for Loan
$
GREEN ACRES TRUST LOAN
Outstanding January 1, CY (Credit)
243,889.01
Issued (Credit)
Paid (Debit)
29,469.58
Outstanding Dec. 31,2018
214,419.43
xxxxxxxxxx
243,889.01
243,889.01
2019 Loan Maturities
$30,061.92
2019 Interest on Loans
$4,138.84
Total 2019 Debt Service for Loan
$34,200.76
LIST OF LOANS ISSUED DURING 2018
Purpose
2019 Maturity
Amount Issued
Date of
Issue
Interest
Rate
Total
Page 41 of 78
SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2018 DEBT SERVICE FOR LOANS
Debit
Credit
Debt Service
Outstanding January 1,
Issued
Paid
Outstanding December 31,
Loan Maturities
Interest on Loans
Total Debt Service for Loan
Page 42 of 78
Page 43 of 78
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2019 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit
Credit
2019 Debt Service
Outstanding January 1, CY (Credit)
0.00
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Bond Maturities – Term Bonds
$
2019 Interest on Bonds
$
TYPE I SCHOOL SERIAL BOND
Outstanding January 1, CY (Credit)
0.00
Issued (Credit)
Paid (Debit)
Outstanding Dec. 31, 2018
xxxxxxxxxx
2019 Interest on Bonds
2019 Bond Maturities – Serial Bonds
Total “Interest on Bonds – Type 1 School Debt
Service”
LIST OF BONDS ISSUED DURING 2018
Purpose
2019 Maturity -01
Amount Issued -02
Date of
Issue
Interest
Rate
Total
2019 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLY
Outstanding
Dec. 31, 2018
2019 Interest
Requirement
$
$
Page 44 of 78
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
2019 Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding
Dec. 31, 2018
Date of Maturity
Rate of Interest
For Principal
For Interest
Interest
Computed to
(Insert Date)
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
Memo: Type I School Notes should be separately listed and totaled.
Memo: Refunding Bond Anticipation 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 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 or written intent of
permanent financing submitted with statement.
** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
Page 45 of 78
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
2019 Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of
Note
Outstanding
Dec. 31, 2018
Date of Maturity
Rate of Interest
For Principal
For Interest
Interest
Computed to
(Insert Date)
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
xxxxxxxxxx
Assessment Notes with an original date of issue of December 31, or prior must be appropriated in full in the 2019 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)
Page 46 of 78
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
2019 Budget Requirement
Purpose
Amount of Obligation
Outstanding Dec. 31, 2018
For Principal
For Interest/Fees
Leases approved by LFB after July 1, 2007
Subtotal
Leases approved by LFB prior to July 1, 2007
Subtotal
Total
Page 47 of 78
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Balance – January 1, 2018
Balance – December 31, 2018
IMPROVEMENTS
Specify each authorization by purpose.
Do not merely designate by a code
number
Funded
Unfunded
2018
Authorizations
Refunds,
Transfers, &
Encumbrances
Expended
Authorizations
Canceled
Funded
Unfunded
Ord 18-05 Various Roadway
Improvements
147,000.00
146,999.00
1.00
Ord 18-09 Construction and
Improvements of Open Space
3,250,000.00
421,000.00
2,829,000.00
Ord 18-12 Various Capital
Improvements
2,125,000.00
383,722.00
1,741,278.00
Ord 10-13 Russell Mill Road Phase 3&4
69,785.52
0.00
40,265.00
40,265.00
69,785.52
Ord 10-25a Various Road Improvements
14,583.37
0.00
14,583.37
Ord 10-25b Road Drainage
Improvements
13,023.16
0.00
13,023.16
Ord 11-8 Public Works Equipment
505.20
0.00
505.20
Ord 12-15 Field Drainage Improvements
12,485.00
0.00
12,485.00
Ord 12-20 Public Works Garage
18,588.00
0.00
18,588.00
Ord 13-08 Various Capital
Improvements and Equipment
2,738.82
0.00
7,099.14
9,837.96
Ord 14-03 Public Works, Public & Fire
Safety Equipment
13,105.15
0.00
6,895.30
6,895.30
13,105.15
Ord 14-16 Acquisition of Real Property
17,160.50
0.00
17,160.50
Ord 15-14 Public Works Equipment
2,542.82
0.00
2,542.82
Ord 15-16 Roadway Improvements
45,035.27
0.00
45,035.27
Ord 16-09 Acquisition of Transfer
Development Rights
76,518.00
0.00
76,518.00
Ord 16-10 Various Capital
Improvements
49,794.18
0.00
371,139.77
411,981.10
8,952.85
Page 48 of 78
Ord 17-16 Various Roadway and
Drainage Improvements
193,000.00
193,000.00
Ord 17-19 Various Sewer Improvements
0.00
14,405,800.00
994,200.00
15,246,654.59
153,345.41
Total
528,864.99
14,405,800.00
5,522,000.00
1,419,599.21
16,739,996.75
0.00
412,644.04
4,723,623.41
Page 49 of 78
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Balance January 1, CY (Credit)
179,483.35
Appropriated to Finance Improvement Authorizations (Debit)
125,000.00
Improvement Authorizations Canceled (financed in whole by the
Capital Improvement Fund) (Credit)
Received from CY Budget Appropriation * (Credit)
Balance December 31, 2018
54,483.35
xxxxxxxxxx
179,483.35
179,483.35
* The full amount of the 2018 budget appropriation should be transferred to this account unless the
balance of the appropriation is to be permitted to lapse.
Page 50 of 78
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
Balance January 1, CY (Credit)
0.00
Appropriated to Finance Improvement Authorizations (Debit)
Received from CY Budget Appropriation * (Credit)
Received from CY Emergency Appropriation * (Credit)
Balance December 31, 2018
xxxxxxxxxx
*The full amount of the 2018 appropriation should be transferred to this account unless the balance of the
appropriation is permitted to lapse.
CAPITAL IMPROVEMENTS AUTHORIZED IN 2018
AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)
GENERAL CAPITAL FUND ONLY
Purpose
Amount
Appropriated
Total Obligations
Authorized
Down Payment
Provided by
Ordinance
Amount of Down
Payment in
Budget of 2018 or
Prior Years
Total
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount
in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
Page 51 of 78
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
YEAR – 2018
Debit
Credit
Balance January 1, CY (Credit)
418,172.13
Appropriated to CY Budget Revenue (Debit)
Appropriated to Finance Improvement Authorizations (Debit)
397,000.00
Funded Improvement Authorizations Canceled (Credit)
Miscellaneous - Premium on Sale of Serial Bonds (Credit)
Premium on Sale of Bonds (Credit)
Balance December 31, 2018
21,172.13
xxxxxxxxxx
418,172.13
418,172.13
BONDS ISSUED WITH A COVENANT OR COVENANTS
1.
Amount of Serial Bonds Issued Under Provisions of Chapter 233,
P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or Chapter
77, Article VI-A, P.L. 1945, with Covenant or Covenants;
Outstanding December 31, 2018
2.
Amount of Cash in Special Trust Fund as of December 31, 2018(Note
A)
3.
Amount of Bonds Issued Under Item 1
Maturing in 2019
4.
Amount of Interest on Bonds with a
Covenant - 2019 Requirement
5.
Total of 3 and 4 - Gross Appropriation
6.
Less Amount of Special Trust Fund to be Used
7.
Net Appropriation Required
NOTE A - This amount to be supported by confirmation from bank or banks
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants
is to be attached here to item 5 must be shown as an item of appropriation, short extended, with Item 6
shown directly following as a deduction and with the amount of Item 7 extended into the 2019
appropriation column.
Page 52 of 78
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)
A.
1. Total Tax Levy for the Year 2018 was
43,505,864.81
2. Amount of Item 1 Collected in 2018 (*)
42,902,055.37
3. Seventy (70) percent of Item 1
30,454,105.37
(*) Including prepayments and overpayments applied.
B.
1. Did any maturities of bonded obligations or notes fall due during the year 2018?
Answer YES or NO:
No
2. Have payments been made for all bonded obligations or notes due on or before December 31, 2018?
Answer YES or NO:
No
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 2019 budget for the liquidation of all bonded
obligations or notes exceed 25% of the total of appropriations for operating purposes in the
budget for the year just ended?
Answer YES or NO:
No
D.
1. Cash Deficit 2017
0.00
2a. 2017 Tax Levy
2b. 4% of 2017 Tax Levy for all purposes:
3. Cash Deficit 2018
4. 4% of 2018 Tax Levy for all purposes:
0.00
E.
Unpaid
2017
2018
Total
1. State Taxes
$0.00
$
$
2. County Taxes
$0.00
$99,234.38
$99,234.38
3. Amounts due Special
Districts
$0.00
$0.00
$
4. Amounts due School
Districts for Local School Tax
$2,604,985.49
$2,776,955.47
$5,381,940.96
Page 53 of 78
Page 54 of 78
UTILITIES ONLY
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 ,
please observe instructions of Sheet 2.
Page 55 of 78
Balance Sheet - Utility Operating Fund Assets
AS OF DECEMBER 31,
Cash:
Investments:
Accounts Receivable:
Interfunds Receivable:
Deferred Charges
Page 56 of 78
Balance Sheet - Utility Operating Fund Liabilities, Reserves & Fund Balance
AS OF DECEMBER 31,
Liabilities:
Fund Balance:
Page 57 of 78
Balance Sheet - Utility Capital Fund Assets
AS OF DECEMBER 31,
Cash:
Accounts Receivable:
Page 58 of 78
Balance Sheet - Utility Capital Fund Liabilities, Reserves & Fund Balance
AS OF DECEMBER 31,
Liabilities:
Total Liabilities, Reserves & Fund Balance:
Page 59 of 78
Balance Sheet - Utility Assessment Fund
AS OF DECEMBER 31,
Assets:
Liabilities and Reserves:
Liabilities, Reserves, and Fund Balance:
Page 60 of 78
Analysis of Utility Assessment Trust Cash and Investments
Pledged to Liabilities and Surplus
Receipts
Title of Liability to which Cash and Investments are
Pledged
Audit Balance
Dec. 31,
Assessments and
Liens
Operating Budget
Other
Disbursements
Balance Dec. 31,
Assessment Serial Bond Issues:
Assessment Bond Anticipation Notes
Other Liabilities
Trust Surplus
Less Assets “Unfinanced”
Total
Page 61 of 78
Schedule of Utility Budget -
Budget Revenues
Source
Budget
Received in Cash
Excess or Deficit
Operating Surplus Anticipated
Operating Surplus Anticipated with Consent of Director of Local
Govt. Services
Rents
Miscellaneous Revenue Anticipated
Miscellaneous
Added by N.J.S.A. 40A:4-87: (List)
Subtotal Additional Miscellaneous Revenues
Subtotal
Deficit (General Budget)
Page 62 of 78
Statement of Budget Appropriations
Appropriations
Total Appropriations
Add: Overexpenditures
Total Overexpenditures
Total Appropriations & Overexpenditures
Deduct Expenditures
Surplus
Total Surplus
Total Expenditure & Surplus
Unexpended Balance Cancelled
Page 63 of 78
Statement of Operation
Utility
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the budget year 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
Miscellaneous Revenue Not Anticipated
Appropriation Reserves Canceled
Total Revenue Realized
Expenditures
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Overexpenditure of Appropriation Reserves
Total Expenditures
Less: Deferred Charges Included in Above "Total Expenditures"
Total Expenditures - As Adjusted
Excess
Balance of "Results of 2017 Operation"
Remainder= ("Excess in Operations")
Deficit
Balance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance")
Page 64 of 78
Section 2:
The following Item of Appropriation Reserves Canceled in Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the
General Budget of for an Anticipated Deficit in the Utility for:
Appropriation Reserves Canceled in
Less: Anticipated Deficit in Budget - Amount Received and Due from Current Fund - If none,
check "None" ☐
*Excess (Revenue Realized)
Page 65 of 78
Results of Operations – Utility
Debit
Credit
Operating Excess
Operating Deficit
Total Results of Current Year Operations
Operating Surplus– Utility
Debit
Credit
Balance December 31,
Total Operating Surplus
Analysis of Balance December 31,
(From Utility – Trial Balance)
Cash
Investments
Interfund Accounts Receivable
Subtotal
Deduct Cash Liabilities Marked with "C" on Trial Balance
Page 66 of 78
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
Other Assets Pledged to Operating Surplus*
Deferred Charges #
Operating Deficit #
Total Other Assets
Page 67 of 78
Schedule of Utility Accounts Receivable
Balance December 31,
Increased by:
Rents Levied
Decreased by:
Collections
Overpayments applied
Transfer to Utility Lien
Other
Balance December 31,
Schedule of Utility Liens
Balance December 31,
Increased by:
Transfers from Accounts Receivable
Penalties and Costs
Other
Decreased by:
Collections
Other
Balance December 31,
Page 68 of 78
Deferred Charges
- Mandatory Charges Only -
Utility Fund
(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55)
Caused by
Amount Dec. 31, per Audit
Report
Amount in Budget
Amount Resulting from
Balance as at Dec. 31,
Total Operating
Total Capital
*Do not include items funded or refunded as listed below.
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
Amount
Judgements Entered Against Municipality and Not Satisfied
In Favor Of
On Account Of
Date Entered
Amount
Appropriated for in Budget
of Year
Page 69 of 78
Schedule of Bonds Issued and Outstanding
and Debt Service for Bonds
UTILITY ASSESSMENT BONDS
Debit
Credit
Debt Service
Outstanding December 31,
Bond Maturities – Assessment Bonds
Interest on Bonds
Utility Capital Bonds
Debit
Credit
Debt Service
Outstanding December 31,
Bond Maturities – Assessment Bonds
Interest on Bonds
Interest on Bonds – Utility Budget
Interest on Bonds (*Items)
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Required Appropriation
Page 70 of 78
List of Bonds Issued During
Purpose
Maturity
Amount Issued
Date of Issue
Interest Rate
Page 71 of 78
Schedule of Loans Issued and Outstanding
and Debt Service for Loans
UTILITY LOAN
Loan
Outstanding
January 1,
Issued
Paid
Other
Description
Other Debit
Other Credit
Outstanding
December 31,
Loan Maturities
Interest on Loans
Interest on Loans – Utility Budget
Interest on Loans (*Items)
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Required Appropriation
List of Loans Issued During
Purpose
Maturity
Amount Issued
Date of Issue
Interest Rate
Page 72 of 78
Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)
Budget Requirement
Title or Purpose of the Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding Dec.
31,
Date of
Maturity
Rate of
Interest
For Principal
For Interest
Date Interest
Computed to
INTERST ON NOTES – UTILITY BUDGET
Interest on Notes
Less: Interest Accrued to 12/31/ (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 12/31/
Important: If there is more than one utility in the municipality, identify each note.
All notes with an original date of issue of or prior require one legal payable installment to be
budgeted if it is contemplated that such notes will be renewed in 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.
Required Appropriation -
Page 73 of 78
Debt Service Schedule for Utility Assessment Notes
Budget Requirement
Title or Purpose of Issue
Original Amount
Issued
Original Date of
Issue
Amount of Note
Outstanding Dec.
31,
Date of
Maturity
Rate of
Interest
For Principal
For Interest
Interest Computed
to (Insert Date)
Important: If there is more than one utility in the municipality, identify each note.
Utility Assessment Notes with an original date of issue of December 31, or prior require one legally payable installment to be budgeted in the Dedicated Utility Assessment Budget if it is contemplated that such notes
will be renewed in or written intent of permanent financing submitted with statement.
** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".
Page 74 of 78
Schedule of Capital Lease Program Obligations
Budget Requirement
Purpose
Amount of Obligation
Outstanding Dec. 31,
For Principal
For Interest/Fees
Leases approved by LFB after July 1, 2007
Subtotal
Leases approved by LFB prior to July 1, 2007
Subtotal
Total
Page 75 of 78
Schedule of Improvement Authorizations (Utility Capital Fund)
Balance - January 1,
Balance December 31,
IMPROVEMENTS
Specify each authorization by
purpose. Do not merely designate
by a code number
Funded
Unfunded
Authorizations
Refunds, Transfers
and Encumbrances
Expended
Authorizations
Canceled
Funded
Unfunded
Total
Page 76 of 78
Utility Capital Surplus
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit
Credit
Balance December 31,
Utility Capital Surplus
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit
Credit
Balance December 31,
*The full amount of the appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.
Page 77 of 78
Utility Fund
CAPITAL IMPROVEMENTS AUTHORIZED IN
AND
DOWN PAYMENTS (N.J.S. 40A:2-11)
UTILITIES ONLY
Purpose
Amount Appropriated
Total Obligations
Authorized
Down Payment
Provided by
Ordinance
Amount of Down
Payment in Budget of
or Prior Years
Utility Capital Fund
Statement of Capital Surplus
YEAR
Debit
Credit
Balance December 31,
Page 78 of 78
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