2004 annual financial statement

8/14/2019 2004 Annual Financial Statement

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NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

SFY04

Title of Account Debit Credit

ASSETS

Cash and Cash Equivalents 713,813.12

Real Estate Taxes Receivable 290,743.86

Tax Title Liens Receivable 300,226.95

Property Acquired for Taxes 965,600.00

Sewer Service Charges Receivable 64,691.38

Interfund Receivable - Grant Fund 99,641.55

Interfund Receivable - Capital Fund 133,699.93

Interfund Receivable - Dedicated Construction 128,976.08

Interfund Receivable - Self Insurance Trust 150.59

Interfund Receivable - Other Trust 2,937.00

Interfund Receivable - Dog License Trust 5,895.21

Interfund Receivable - Performance and Inspection Fee Trust 10,819.60

Interfund Receivable - Review Fees Trust 641.61

Deferred Charge-Overexpenditures 1,596,575.73Deferred Charge-Appropriation Reserve Overexpenditures 10,766.19

Emergency Authorizations 1,041,970.22

Due from State of NJ - Senior & Vet Deduction 591,250.00

LIABILITIES

Appropriation Reserves 152,515.98

Reserve for Encumbrances 514,183.59

Due ETRA 200.00

Due to State of NJ - Marriage License 3,368.00

Tax Overpayments 20,021.77

Sewer Overpayments 12,140.61

Prepaid Taxes 61,509.80

Prepaid Sewer 195,671.81

Interfund Payable - Payroll Trust 65,739.95

Interfund Payable- Assessment Trust 8,114.27

Interfund Payable - Recreation Commission 586.00

Subtotal Cash Liabilities 1,034,051.78

Reserve for Receivables 2,004,023.76

FUND BALANCE

Fund Balance 2,920,323.48

Total 5,958,399.02 5,958,399.02

(Do Not Crowd - add additional sheets)

POST CLOSING

TRIAL BALANCE - CURRENT FUNDAS OF JUNE 30, 2004

Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Sheet 3


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NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

SFY04


Cash & Investments 85001 887,348.81

Expenditure Control 223,567.86

Taxes Receivable 85002 290,743.86

Tax Title Liens 85003 300,226.95

Forclosed Property 85004 965,600.00

Other Receivables 85007 1,038,702.95

State and Federal Grants Receivable 85006 1,611,355.67

Emergencies and Deferred Charges 85005 2,649,312.14

Total Assets 85008 7,966,858.24

Cash Liabilities 85009 3,042,511.00

Reserve for Receivables 85010 2,004,023.76

Fund Balance 85011 2,920,323.48

Total Liabilities, Reserves and Fund Balance 85012 7,966,858.24

TOTALS 7,966,858.24 7,966,858.24


POST CLOSING

TRIAL BALANCE - CURRENT FUND ANDSTATE AND FEDERAL GRANTS

AS OF JUNE 30, 2004

Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Sheet 3a


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SFY04


Cash in Bank 1,534.45

Reserve for Public Assistance 1,534.45

1,534.45 1,534.45


*To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program.

AS OF JUNE 30, 2004

POST CLOSING

TRIAL BALANCE - PUBLIC ASSISTANCE FUNDAccounts #1 & #2*

Sheet 4


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SFY04


Cash 173,535.69

Grants Receivable 1,611,355.67

Expenditure Control (to be identified at audit) 223,567.86

Due To Current Fund 99,641.55

Due To Capital Fund 9,178.00

Reserve for State and Federal Grants 1,880,111.05

Grant Encumbrances 19,528.62

2,008,459.22 2,008,459.22


POST CLOSING

TRIAL BALANCE - FEDERAL AND STATE FUNDSAS OF JUNE 30, 2004

Sheet 5


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SFY04


Assessment Trust

Due from Current Fund 8,114.27

Reserve for Assessments and Liens 2,568.05

Assessment Overpayment 25.00

Fund Balance 5,521.22

8,114.27 8,114.27

Dog Trust


Reserve for Encumbrances 50.00

Due to Current Fund 5,895.21

Due to State of NJ 2,531.16

Reserve for Dog License Expenditures 6,321.24

14,797.61 14,797.61

Self Insurance TrustCash 64,753.68

Due from Inservco Acct 1,041.61

Escrow with PMA Insurance 26,291.49


Due to Current Fund 150.59

Reserve for:

Unemployment 4,006.50

Worker's Compensation 106,786.02

Self Insurance 30,461.93

122,548.71 122,548.71

Payroll

Cash 165,434.40

Due From Current Fund 65,739.95

Eastern Dental 1,670.88

Police & Fire Retirement System (PFRS) Payable 161,322.46

PERS - Supplemental Annuity Payable 632.34

PERS - Contiributory Insurance Payable 5,918.69

Public Employees Retirement System (PERS) Payable 58,559.09

Delaware United Way Payable 853.28

State Credit Union Payable 1,536.00

Net Payroll 4,023.37

232,845.23 232,845.23


POST CLOSINGTRIAL BALANCE - TRUST FUNDS

AS OF JUNE 30, 2004

(Assessment Section Must Be Separately Stated)

(INCLUDE PAYROLL FUND)

Sheet 6 (1 of 3)


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SFY04


Recreation Trust

Cash 20,798.82

Due From Current Fund 586.00


Reserve for Recreation Commission 15,718.38

21,384.82 21,384.82

Dedicated Construction Trust


Reserve for 3rd Party Inspections 6,190.40



Reserve for Developers Escrow 15,645.79

Reserve for Dedicated Construction 505,951.87

687,838.57 687,838.57

Other Trust

Cash 177,156.59Reserve for ECC Expenditures 19,601.17

Reserve for Other Trust 21,248.43

Due from Other Trust to Asset Forefeiture 10,214.23

Due to Asset Forefeiture from Other Trust 9,969.23



Due to Grant Fund 31,774.00

Reserve for:

Flood Relief Fund 109.00

Revolving Loan 5,224.81

Asset Forfeiture 20,085.55

Invest A Cop 500.00

Parking Adjudication 2,341.11

EDAC Purposes 2,206.08

Right of Way Access 1,000.00

Affordable Housing Development Fees 149,166.55

Scoreboard Donation 625.00

228,220.42 228,220.42

Escrow Review Fees

Cash 97,115.55

Due From Current Fund 641.61

Reserve for Developers Review Fees 96,473.94

97,115.55 97,115.55


POST CLOSING

AS OF JUNE 30, 2004



TRIAL BALANCE - TRUST FUNDS (Continued 2 of 3)

Sheet 6 (2 of 3)


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SFY04


Performance Inspection Escrow

Cash 2,157,058.52

Due From Current Fund 10,819.60

Due to Capital Fund 5,000.00

Reserve for Performance/ Inspection 2,141,238.92

2,157,058.52 2,157,058.52

Police Off Duty Employment Trust

Cash 27,833.71

Reserve for Police Off Duty Employment 27,833.71

27,833.71 27,833.71


POST CLOSING

AS OF JUNE 30, 2004



TRIAL BALANCE - TRUST FUNDS (Continued 3 of 3)

Sheet 6 (3 of 3)


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SFY04

Title of Liability to which Audit RECEIPTS

Cash and Investments Balance Assessments Current Additions Disbursements Balance

are Pledged 6/30/03 and Liens Budget 06/30/04

Assessment Serial Bond Issues: xxxxxxxxxx xxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Assessment Bond Anticipation Note Issues: xxxxxxxxxx xxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

0.00

Other Liabilities 25.00 25.00

Trust Surplus 8,089.27 8,089.27

*Less Assets "Unfinanced" xxxxxxxxxx xxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Due from Current Fund (8,114.27) (8,114.27)

0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

*Show as red figure

Sheet7

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS

PLEDGED TO LIABILITIES AND SURPLUS


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SFY04


Est. Proceeds Bonds and Notes Authorized 1,963,500.00

Bonds and Notes Authorized but Not Issued 1,963,500.00

Cash in Bank 2,395,530.38

Due from Grant Fund 9,178.00

Due From Performance and Inspection Escrow Trust 5,000.00

Grant Receiveable From Infrastructure Trust 422,628.00Deferred Charges to Future Taxes:

Funded 22,992,071.00

Unfunded 7,236,000.00

Bond Anticipation Notes 5,272,500.00

Green Acres Loan Payable 943,653.00

NJ Infrastructure Loan Payable 3,599,418.00

Serial Bonds 18,449,000.00



Reserve for Accrued Interest 7,121.73

Capital Improvement Fund 0.00

Improvement Authorizations - Funded 1,627,134.06

Improvement Authorizations - Unfunded 2,269,782.70

Fund Balance 41,703.07

35,023,907.38 35,023,907.38

POST CLOSING

TRIAL BALANCE - GENERAL CAPITAL FUND

AS OF JUNE 30, 2004

(Do not crowd - add additional sheets)

Sheet 8


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SFY04

Cash Less Checks Cash Books

*On Hand On Deposit Outstanding Balance

Current 565,567.24 503,734.14 355,488.26 713,813.12

State and Federal Grants 299.08 188,864.05 15,627.44 173,535.69

General Capital 2,632,726.98 237,196.60 2,395,530.38

Dedicated Construction 689,644.86 7,996.69 681,648.17

Self Insurance 1,041.61 66,358.80 2,646.73 64,753.68

Trust - Other 178,628.42 1,471.83 177,156.59

Trust - Dog License 3,482.90 11,386.11 71.40 14,797.61

Collector's Trust 27,276.87 1,622,057.09 902,464.11 746,869.85

Payroll Trust 196,740.48 31,306.08 165,434.40

Recreation Trust 352.50 20,645.70 199.38 20,798.82

Escrow Review Fees Trust 99,315.55 2,200.00 97,115.55

Performance Inspection Escrow 2,178,209.80 21,151.28 2,157,058.52

Public Assistance ** 1,534.45 1,534.45

Police Off Duty Employment 27,833.71 27,833.71

Total 598,020.20 8,417,680.14 1,577,819.80 7,437,880.54

* Include Deposits In Transit

** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a b

REQUIRED CERTIFICATION

Signature: Title:

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).

CASH RECONCILIATION JUNE 30, 2004

I hereby certify that all amounts shown in "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with theapplicable bank statements, certificates, agreements or passbooks at JUNE 30, 2004.

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 JUNE 30, 2004.

All "Certificates of Deposit" "Repurchase Agreements" and other investments must be reported as cash and

included in this certification.

Sheet 9


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SFY04

Current

Commerce A/C # 5426106 417,834.23

New Jersey Cash Management A/C # 171-000090670 2,416.39

Sovereign A/C # 079111246 5,975.45Clerk

Commerce A/C # 5424130 77,508.07

503,734.14

State and Federal Grants

Wachovia A/C # 2014090897709 188,864.05

General Capital

Bank of America A/C # 0935708278 2,613,274.04

New Jersey Cash Management A/C # 171-000090778 19,452.94

2,632,726.98Dedicated Construction Trust

Wachovia A/C # 200009711107 689,350.02

Sovereign A/C # 0791143910 189.04

Bank of America A/C # 0935708286 105.80

689,644.86

Self Insurance Trust

New Jersey Cash Management A/C # 171-000091642 155.09

Bank of America A/C # 0935708294 63,313.53

Worker's Compensation - Inservco Trustee

Wachovia A/C # 2100012149763 2,890.1866,358.80

Other Trust

Asset Forefeiture Trust Commerce A/C # 7856593111 20,236.55

Affordable Housing Trust Sovereign A/C # 0791144038 152,141.55

Other Trust Sovereign A/C # 0791144011 5,625.32

Township of Ewing Scoreboard Donation Sovereign A/C # 0791154815 625.00

178,628.42

Municipal Dog License

Commerce A/C # 5424122 11,386.11

Tax Collector's Trust

Wachovia A/C # 2002004856625 1,622,057.09

Payroll

Commerce A/C # 5424114 196,740.48

Recreation Commission

Sovereign A/C # 0791128733 20,645.70

Escrow Review FeesBank of America A/C # 0999082930 99,315.55

Performance and Inspection Trust

Bank of America A/C # 0999082922 2,178,209.80

Public Assistance Trust - I

Wachovia A/C # 2100009716565 1,534.45

Police Off Duty Employment

Bank of America A/C # 0999759441 27,833.71

CASH RECONCILIATION JUNE 30, 2004 (cont'd.)

LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Note: Sections N.J.S. 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintainedfor each allocated fund.

Sheet 9 a


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MUNICIPALITIES AND COUNTIES SFY04

FEDERAL AND STATE GRANTS RECEIVABLE

Balance 2005 Chapter 159's Chapter 159's Balance

Grant June 30, 2003 Budget Revenue Received filed not filed June 30, 2004

Realized in FY 2004 in FY 2004

Aggressive Driver 4,320.00 - 4,320.00All Hazards Planning Grant (SLAEHOP) - 2,405.72 2,405.72 -Body Armor Replacement Fund - 7,906.45 7,906.45 -Clean Communities Grant 26,037.02 31,215.79 49,662.50 7,590.31Cops in Shops 419.72 - 3,500.00 3,919.72COPS Universal Hiring Grant 50,000.00 100,000.00 100,000.00 50,000.00Drunk Driving Enforcement Fund - 2,984.37 6,312.47 3,328.10

Domestic Preparedness - 21,357.18 21,979.58 622.40DOT Liveable Communities 150,000.00 61,362.26 88,637.74DOT Safe Streets to Schools - 74,000.00 - 74,000.00Emergency Management Assistance 553.15 5,000.00 5,000.00 19,400.00 19,953.15FEMA Hazard Mitigation 121,976.00 - 121,976.00Hazardous Waste Discharge 2,000.00 - 2,000.00Housing UJIMA 835,250.00 659,750.00 175,500.00Liveable Communities 26,852.00 26,852.00 -Local law Enforcement Block Grant - 19,935.00 19,935.00 -Mercer County Neighborhood Redevelopment 45,000.00 - 45,000.00Municipal Alliance Grant 20,121.00 30,637.00 34,560.00 24,044.00NJ Manufacturers EMS Grant - - 1,000.00 1,000.00NJ Transportation Trust 204,757.53 175,000.00 250,382.98 200,000.00 329,374.55NJDLPS Homeland Security 29,000.00 - 29,000.00Recreation for People with Disabilities - 2,625.00 7,500.00 4,875.00Public Health Priority Funding - 19,230.00 19,678.00 (448.00)Safe and Secure - 60,000.00 - 60,000.00Safe Schools and Communities Program 55,000.00 60,000.00 41,446.00 73,554.00Small Cities Senior Center - - 400,000.00 400,000.00Smart Future Planning Grant - - 85,000.00 85,000.00Tobacco Age of Sale Enforcement - 1,260.00 1,260.00 -Vest Partnership Program 8,509.50 3,994.80 3,594.00 8,108.70Totals 1,534,795.92 564,445.79 1,307,239.26 728,747.17 90,606.05 1,611,355.67

Sheet10


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SFY04

Balance Chapter 159's BalanceGrant Budget not filed

June 30, 2003 Budget Appropriation Municipal Expended in FY 2004 June 30, 2004By 40A:4-87 Match

Aggressive Driver 4,960.00 4,960.00All Hazards Planning Grant (SLAEHOP) 2,405.72 2,405.72Body Armor Replacement Fund 7,906.45 1,198.00 6,708.45Clean Communities Grant 13,267.46 31,215.79 10,584.76 33,898.49Cops in Shops 3,500.00 3,500.00COPS Universal Hiring Grant 60,000.00 100,000.00 124,000.00 284,000.00Drunk Driving Enforcement Fund 10,199.28 6,312.47 16,511.75Domestic Preparedness 21,979.58 21,979.58Domestic Violence 470.71 470.71

DOT Liveable Communities 150,000.00 20,800.00 129,200.00DOT Safe Streets to Schools 74,000.00 3,182.00 70,818.00Emergency Management Assistance 1,610.60 5,000.00 16,881.45 19,400.00 9,129.15FEMA Hazard Mitigation 60,693.01 12,531.35 48,161.66GM Site Survey 7,884.75 1,800.00 6,084.75Hazardous Waste Discharge 5,969.87 12,284.01 (6,314.14)Housing UJIMA 835,250.00 659,750.00 175,500.00Liveable Communities 26,852.00 26,852.00Legislative Grant for Hollowbrook Ctr 119.76 119.76Local law Enforcement Block Grant 26,022.96 19,935.00 44,441.50 1,516.46Lower Ferry Road LLC Gift 3,336.80 3,336.80Mercer County Neighborhood Redevelopment 45,000.00 37,470.00 7,530.00Municipal Alliance Grant (24,758.14) 33,988.87 39,978.01 34,560.00 3,812.72NJ Manufacturers EMS Grant 1,000.00 1,000.00NJ Transportation Trust 2,658.00 175,000.00 200,000.00 156,432.75 221,225.25NJDLPS Homeland Security 29,000.00 21,979.58 7,020.42Recreation for People with Disabilities 7,500.00 7,500.00Public Health Priority Funding 7,510.05 19,230.00 15,956.79 10,783.26Safe and Secure (46.00) 60,046.00 144,000.00 204,000.00Safe Schools and Communities Program 17,497.66 60,000.00 20,000.00 10,927.71 86,569.95Small Cities Senior Center 400,000.00 400,000.00Smart Future Planning Grant 85,000.00 85,000.00Sorce Gift 2,927.82 (2,927.82)Tobacco Age of Sale Enforcement 1,404.00 176.00 1,260.00 2,488.00Vest Partnership Program 8,468.13 4,792.00 3,594.00 7,270.13

TOTALS 1,248,370.90 598,480.66 728,747.17 288,000.00 1,074,093.73 90,606.05 1,880,111.05

FEDERAL AND STATE GRANTS

SCHEDULE OF APPROPRIATED RESERVES FOR

Sheet11

Transferred from 2004Budget Appropriations


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SCHEDULE OF UNAPPROPRIATED RESERVES FOR SFY04FEDERAL AND STATE GRANTS

Grant Balance Received Balance

June 30, 2003 Budget Appropriation June 30, 2004

By 40A:4-87

TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sheet12

Transferred to 2004

Budget Appropriations


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SFY04

*LOCAL DISTRICT SCHOOL TAX

Debit Credit

Balance July 1, 2003 xxxxxxxxxx xxxxxxxxxx

School Tax Payable# 85001-00 1,638,377.00

School Tax Deferred

(Not in excess of 50% of Levy - 2002-2003) 85002-00

Levy School Year July 1, 2003 - June 30, 2004 xxxxxxxxxx 41,792,712.00

Levy Calendar Year xxxxxxxxxx

Paid 43,431,093.00 xxxxxxxxxx

Balance June 30, 2004 xxxxxxxxxx xxxxxxxxxx

School Tax Payable # 85003-00 - xxxxxxxxxx

School Tax Deferred

(Not in excess of 50% of Levy - 2003-2004) 85004-00

43,431,093.00 43,431,089.00

MUNICIPAL OPEN SPACE TAX N/A

Debit Credit

Balance July 1, 2003 85045-00 xxxxxxxxxx -

2004 Levy 81105-00 xxxxxxxxxx -

Interest Earned xxxxxxxxxx -

Expenditures - xxxxxxxxxx

Balance June 30, 2004 85046-00 - xxxxxxxxxx

- -

# Must include unpaid requisitions

* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of

Education for use of local schools.

xxxxxxxxxx -

- xxxxxxxxxx

Sheet 13


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SFY04

COUNTY TAXES PAYABLE

Debit Credit

Balance July 1, 2003 xxxxxxxxxx xxxxxxxxxx

County Taxes 80003-01 xxxxxxxxxx (998,574.88)

Due County for Added and Omitted Taxes 80003-02 xxxxxxxxxx -

Levy xxxxxxxxxx xxxxxxxxxx

Underbilling of Nonmunicipal Taxes raised 998,574.88

General County 80003-03 xxxxxxxxxx 12,953,393.18County Library 80003-04 xxxxxxxxxx 1,197,748.55

County Health xxxxxxxxxx

County Open Space Preservation 80002-00 xxxxxxxxxx 461,960.45

Due County for Added and Omitted Taxes 80003-05 xxxxxxxxxx 154,634.98

Paid 14,767,737.16 xxxxxxxxxx

Balance June 30, 2004 xxxxxxxxxx xxxxxxxxxx

County Taxes Payable (Prepaid) - xxxxxxxxxx

Due County for Added and Omitted Taxes - xxxxxxxxxx

14,767,737.16 14,767,737.16

SPECIAL DISTRICT TAXES N/A

Debit Credit


Levy: (List Each Type of District Tax Separately - see Footnote) xxxxxxxxxx xxxxxxxxxx

Fire - 81108-00 - xxxxxxxxxx xxxxxxxxxx

Sewer - 81111-00 - xxxxxxxxxx xxxxxxxxxx

Water - 81112-00 - xxxxxxxxxx xxxxxxxxxx

Garbage - 81109-00 - xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

Total Levy 80003-07 xxxxxxxxxx -

Paid 80003-08 - xxxxxxxxxx

Balance June 30, 2004 80003-09 - xxxxxxxxxx

- -

Footnote: Please state the number of districts in each instance.

Sheet 15


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SFY04

STATE LIBRARY AID N/A

RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit Credit

Balance July 1, 2003 80004-01 xxxxxxxxxx -State Library Aid Received 80004-02 xxxxxxxxxx -

- -

Expended 80004-09 - xxxxxxxxxx

- -

Balance June 30, 2004 80004-10 - -

- -

RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID

Debit Credit


State Library Aid Received 80004-04 xxxxxxxxxx -

- -


- -

Balance June 30, 2004 80004-12 - -

- -

RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID(N.J.S.A. 40:54-35)

Debit Credit



- -


- -

Balance June 30, 2004 80004-14 - -

- -

RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID

Debit Credit



- -


- -

Balance June 30, 2004 80004-16 - -

- -

Sheet 16


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SFY 2004

STATEMENT OF GENERAL BUDGET REVENUES SFY 2004

Source Budget Realized Excess or Deficit*

-01 -02 -03

Surplus Anticipated 80101- - - -

Surplus Anticipated with Prior Written Consent of

Director of Local Government 80102- 401,799.77 401,799.77 -

Miscellaneous Revenue Anticipated: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx

Adopted Budget 25,271,689.79 25,796,921.27 525,231.48

Added by N.J.S. 40A:4-87: (List on 17a) xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx

Chapter 159 728,747.17 728,747.17 -

Total Miscellaneous Revenue Anticipated 80103- 26,000,436.96 26,525,668.44 525,231.48

Receipts from Delinquent Taxes 1,421,957.62 1,834,169.55 412,211.93

Amount to be Raised by Taxation: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx

(a) Local Tax for Municipal Purposes 80105- 8,635,748.92 xxxxxxxxxxxxx xxxxxxxxxxxxx

(b) Addition to Local District School Tax 80106- - xxxxxxxxxxxxx xxxxxxxxxxxxx

Total Amount to be Raised by Taxation 80107- 8,635,748.92 10,201,336.76 1,565,587.84

36,459,943.27 38,962,974.52 2,503,031.25

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit Credit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 xxxxxxxxxxxxx 66,975,367.88

Amount to be Raised by Taxation xxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Local District School Tax 80109-00 41,792,712.00 xxxxxxxxxxxxxxxx

Vocational School District - xxxxxxxxxxxxxxxx

Regional School Tax 80119-00 - xxxxxxxxxxxxxxxx

Regional High School Tax 80110-00 - xxxxxxxxxxxxxxxx

County Taxes 80111-00 14,613,102.18 xxxxxxxxxxxxxxxxDue County for Added and Omitted Taxes 80112-00 154,634.98 xxxxxxxxxxxxxxxx

Special District Taxes 80113-00 - xxxxxxxxxxxxxxxx

Reserve for Uncollected Taxes 80114-00 xxxxxxxxxxxxx 215,789.00

429,370.96

80115-00 -

Balance for Support of Municipal Budget (or) 80117-00 10,201,336.76 xxxxxxxxxxxxxxxx

*Deficit Non-Budget Revenue (see footnote) 80118-00 xxxxxxxxxxxxx

67,191,156.88 67,191,156.88*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.

Sheet 17


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SFY 2004

Source Budget Realized Excess orDeficit

Recreation For Individuals With Disabili 7,500.00 7,500.00 -

SLAEHOP 2,405.72 2,405.72 -

Small Cities-Senior Ctr. 400,000.00 400,000.00 -

NJ Transportation Trust Fund- 200,000.00 200,000.00 -

Smart Future Planning Grant 85,000.00 85,000.00 -

Local Law Enforcement Block Grant 19,935.00 19,935.00 -

NJ Manufacturers- EMS 1,000.00 1,000.00 -

Body Armor Replacement Grant 7,906.45 7,906.45 -

Emergency Management Assistance Grant 5,000.00 5,000.00 -

Total to Sheet 17 728,747.17 728,747.17 0.00

STATEMENT OF GENERAL BUDGET REVENUES 2004

(Continued)

Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87


Sheet 17 (a)


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SFY 2004

SFY 2004 Budget as Adopted 80012-01 35,731,196.10

ASY 2004 Budget-Added by N.J.S. 40A:4-87 80012-02 728,747.17

Appropriated for SFY 2004 (Budget Statement Item 9) 80012-03 36,459,943.27

Appropriated for SFY 2004 by Emergency Appropriation (Budget Statement Item 9) 80012-04 1,041,970.22

Total General Appropriations (Budget Statement Item 9) 80012-05 37,501,913.49

Add: Overexpenditures (see footnote) 80012-06 1,596,575.73

Total Appropriations and Overexpenditures 80012-07 39,098,489.22

Deduct Expenditures:

Paid or Charged [Budget Statement Item (L)] 80012-08 38,730,184.24

Paid or Charged - Reserve for Uncollected Taxes 80012-09 215,789.00

Reserved 80012-10 152,515.98

Total Expenditures 80012-11 39,098,489.22

Unexpended Balances Canceled (see footnote) 80012-12 -

FOOTNOTES - RE: OVEREXPENDITURES:

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL

DISTRICT SCHOOL PURPOSES N/A

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

SFY 2004 Authorizations

N.J.S. 40A:4-46 (After adoption of Budget)

N.J.S. 40A:4-20 (Prior to adoption of Budget)

Total Authorizations

Deduct Expenditures:

Paid or Charged

Reserved

Total Expenditures

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2004

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 "Unexpected Balances Canceled"

Sheet 18


28/50

SFY 2004

Debit Credit

Excess of anticipated Revenues: xxxxxxxxxxxxx xxxxxxxxxxxxx

Miscellaneous Revenues anticipated 80013-01 xxxxxxxxxxxxx 513,011.48

Municipal taxes xxxxxxxxxxxxx 1,565,587.84

Delinquent Tax Collections 80013-02 xxxxxxxxxxxxx 412,211.93

xxxxxxxxxxxxx -

Required Collection of Current Taxes 80013-03 xxxxxxxxxxxxx -

Unexpended Balances of SFY 2004 Budget Approp 80013-04 xxxxxxxxxxxxx -

Miscellaneous Revenue Not Anticipated 81113- xxxxxxxxxxxxx 268,421.55

Miscellaneous Revenue Not Anticipated: 81114- xxxxxxxxxxxxx -

81114- xxxxxxxxxxxxx -

Payments in Lieu of Taxes on Real Property 81120- xxxxxxxxxxxxx -

Sale of Municipal Assets xxxxxxxxxxxxx -

Unexpended Balances of SFY 2003 Approp. Res 80013-05 xxxxxxxxxxxxx 65,909.73

Prior Years Intefunds Returned in FY 2004 80013-06 xxxxxxxxxxxxx -

Prior Year Adjustments xxxxxxxxxxxxx 353,086.38Deferred School Tax Revenue: (see School Taxes, Sheets 13 & 14) xxxxxxxxxxxxx xxxxxxxxxxxxx

Balance July 1, 2003 80013-07 - xxxxxxxxxxxxx

Balance June 30, 2004 80013-08 xxxxxxxxxxxxx -

Deficit in Anticipated Revenues: xxxxxxxxxxxxx xxxxxxxxxxxxx

Miscellaneous Revenues Anticipated 80013-09 - xxxxxxxxxxxxx

Delinquent Tax Collections 80013-10 - xxxxxxxxxxxxx

Required Collection of Current Taxes 80013-11 - xxxxxxxxxxxxx

Interfund Advances Originating in SFY 2004 80013-12 - xxxxxxxxxxxxx

Tax Appeals Closed to Operations 161,880.66 xxxxxxxxxxxxx

Deficit Balance - To Trial Balance (sheet 3) 80013-13 xxxxxxxxxxxxx -

Surplus Balance - To Surplus (Sheet 21) 80013-14 3,016,348.25 xxxxxxxxxxxxx

3,178,228.91 3,178,228.91

CURRENT FUND

RESULTS OF SFY 2004 OPERATION

Proceeds of Sale of Foreclosed Property (sheet27)

Sheet 19


29/50

SFY 2004

AMOUNT

REALIZED

Tax Collector 53,632.25

Telephone Commissions 203.02

Recycling Income 5,761.29

Hotel Fee 6,635.10

Miscellaneous 202,189.89

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 268,421.55

SCHEDULE OF MISCELLANEOUS REVENUES

NOT ANTICIPATED


Sheet 20


30/50

SURPLUS - CURRENT FUND SFY04

SFY 2004

Debit Credit

1. Balance July 1, 2003 80014-01 xxxxxxxxxx 305,775.00

2. xxxxxxxxxx -

3. Excess Resulting from SFY 2004 Operations 80014-02 xxxxxxxxxx 3,016,348.25

4. Amount Appropriated in SFY 2004 Budget-Cash 80014-03 - xxxxxxxxxx

5. Amount Appropriated in SFY 2004 Budget - with Prior 80014-04

Written Consent of Director of Local Government Services

6. - xxxxxxxxxx

7. Balance June 30, 2004 80014-05 2,920,323.48 xxxxxxxxxx

3,322,123.25 3,322,123.25

ANALYSIS OF BALANCE JUNE 30, 2004

(FROM CURRENT FUND - TRIAL BALANCE)

Cash 80014-06 713,813.12

80014-07 -

Sub-total 713,813.12

Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 1,034,051.78

Cash Surplus 80014-09 -

Deficit in Cash Surplus 80014-10 (320,238.66)

Other Assets Pledged to Surplus: *

80014-16 591,250.00

Deferred Charges 80014-12 2,649,312.14

Cash Deficit # 80014-13 -

Total Other Assets 80014-14 3,240,562.14

80014-15 2,920,323.48

(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.

NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage,

etc.), N.J.S. 40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 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 NJ Senior Citizens &Veterans Deduction

xxxxxxxxxx401,799.77

*IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS

WOULD ALSO BE PLEDGED TO CASH LIABILITIES.

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN SFY 2002BUDGET.

Sheet 21


31/50

(FOR MUNICIPALITIES ONLY)

CURRENT TAXES - 2004 LEVY SFY04

1. Amount of Levy as per Duplicate (Analysis) # 82101-00 66,481,996.98or(Abstract of Ratables) 82113-00

2. Amount of Levy Special District Taxes 82102-00 -

3. Amount Levied for Omitted Taxes underN.J.S.A. 54:4-63.12 et seq. 82103-00 78,303.03

4. Amount Levied for Added Taxes underN.J.S.A. 54:4-63.1 et. seq. 82104-00 627,297.07

5a. Sub-total 2004 Levy 82106-00 67,187,597.085b. Reductions due to tax appeals -5c. Total 2004 Tax Levy 67,187,597.08

6. Transferred to Tax Title Liens 82107-00 59,295.22

7. Transferred to Foreclosed Property 82108-00 -

8. Remitted, Abated or Canceled, other adjustments 82109-00 (13,845.21)

9. Discount Allowed 82110-00

10. Collected in Cash: In 2003 82121-00 81,632.18In 2004* 82122-00 66,302,485.70

REAP RevenueState's Share of 2004 Senior Citizensand Veterans Deductions Allowed 82123-00 591,250.00

Total To Line 14 82111-00 66,975,367.88

11. Total Credits 67,020,817.89

12. Amount Outstanding June 30, 2004 83120-00 166,779.19

13. Percentage of Cash Collections to Total 2004 Levy,(Item 10 divided by Item 5) is 99.684%

82112-00

14. Calculation of Current Taxes Realized in Cash:

Total of Line 10 66,975,367.88Less: Reserve for Tax Appeals PendingState Division of Tax Appeals -

To Current Taxes Realized in Cash (Sheet 17) 66,975,367.88

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

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 2002 collections and Bell Atlantic Replacement Revenue

Sheet 22


32/50

SFY 2004

(1) Utilizing Accelerated Tax Sale

Total of Line 10 Collected in Cash (sheet 22) $ 66,975,367.88

Less:Proceeds from Accelerated Tax Sale $ 250.00

NET Cash Collected $ 66,975,617.88

Line 5c (sheet 22) Total 2004 Tax Levy $ 67,187,597.08

Precentage of Collection Excluding Accelerated Tax Sale Proceeds

(Net Cash Collected divided by Item 5c) is 99.68%

(2) Utilizing Tax Levy Sale

Total of Line 10 Collected in Cash (sheet 22) $

Less:Proceeds from Tax Levy Sale (excluding premium) $

NET Cash Collected $

Line 5c (sheet 22) Total 2004 Tax Levy $

Precentage of Collection Excluding Accelerated Tax Sale Proceeds

(Net Cash Collected divided by Item 5c) is %

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99

Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to

Chapter 99, P.L. 1997.

N/A

To Calculate Underlying Tax Collection Rate for 2004

Sheet 22 (a)


33/50

SFY04

Debit Credit

1.Balance July 1, 2003 xxxxxxxxxx xxxxxxxxxx

Due From State of New Jersey 401,799.77 xxxxxxxxxx

Due To State of New Jersey xxxxxxxxxx -

2. Sr. Citizens Deductions Per Tax Billings 139,000.00 xxxxxxxxxx

3. Veterans Deductions Per Tax Billings 438,250.00 xxxxxxxxxx

4. Sr. Citizens Deductions Allowed By Tax Collector 8,750.00 xxxxxxxxxx

5. Veterans Deductions Allowed By Tax Collector 5,750.00 xxxxxxxxxx

6. Veterans Deductions Allowed By Tax Collector SFY 2003 Taxes 10,500.00 xxxxxxxxxx

7. Sr. Citizens Deductions Disallowed By Tax Collector xxxxxxxxxx 7,750.00

8. Sr. Citizens Ded. Disallowed.By Tax Collector SFY 2002 xxxxxxxxxx 3,250.00

9. Received in Cash from State xxxxxxxxxx 611,000.00

10. Prior Year Adjustment 209,200.23 -

11. - -

12. Balance June 30, 2004 xxxxxxxxxx xxxxxxxxxx

Due From State of New Jersey xxxxxxxxxx 591,250.00

Due To State of New Jersey - xxxxxxxxxx

1,213,250.00 1,213,250.00

Line 2 139,000.00

Line 3 438,250.00

Line 4, 5, & 6 25,000.00

Sub-Total 602,250.00

Less: Line 7 11,000.00To Item 10, Sheet 22 591,250.00

Calculation of Amount to be included on Sheet 22, Item 10-'SFY 2004 Senior Citizens and Veterans Deductions Allowed

SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY

FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

Sheet 23


34/50

SFY04

N/A

Balance July 1, 2003 xxxxxxxxxx -Tax Pending Appeals xxxxxxxxxx xxxxxxxxxx

Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxxx

Contested Amount of 1998 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) xxxxxxxxxx

Interest Earned on Taxes Pending State Appeals xxxxxxxxxx

Cash Paid to Appelants (Including 5% Interest from Date Payment) xxxxxxxxxx

Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) xxxxxxxxxx

Balance June 30, 2004 - 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 June 30, 2004.

License # Date

Credit

Signature of Tax Collector

SCHEDULE OF RESERVE FOR TAX APPEALS PENDING-

N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27)

Debit

Sheet 24


35/50

SFY04

SFY 2005 SFY 2004

1. Total General Appropriations for SFY 2005 Municipal Budget Statement Item 8 (L)

(Exclusive of Reserve for Uncollected Taxes) 80015- 38,343,322.01 xxxxxxxxxxxxxxxx

2. Local District School Tax-School Budget Billing 7/1 - 12/31 80016- 21,863,637.00

Billing 1/1 - 6/30** 80017- 20,863,637.00 xxxxxxxxxxxxxxxx

3. Vocational School Tax Billing 7/1 - 12/31

Billing 1/1 - 6/30* xxxxxxxxxxxxxxxx

4. Regional School District Tax Billing 7/1 - 12/31

Billing 1/1 - 6/30* xxxxxxxxxxxxxxxx

5. Regional High School Tax-School Budget Billing 7/1 - 12/31 80018-

Billing 1/1 - 6/30* 80019- xxxxxxxxxxxxxxxx

6. County Tax Billing 7/1 - 12/31 80020- 7,865,235.70

Billing 1/1 - 6/30* 80021- 7,635,002.30 xxxxxxxxxxxxxxxx

7. Special District Taxes Billing 7/1 - 12/31 80022-

Billing 1/1 - 6/30* 80023- xxxxxxxxxxxxxxxx

8. Total General Appropriations & Other Taxes 80024-01 96,570,834.01

80024-02 28,706,344.57

10. Cash Required from SFY 2005 Taxes to Support Local Municipal Budget &

Other Taxes 80024-03 67,864,489.4411. Amount of Item 10 Divided by 99.60% [820024-04] 68,137,037.59

Equals Amount to be Raised by Taxation (Percentage used must not exceed the

applicable percentage shown by Item 13, Sheet 22) 80024-05

Analysis of Item 11: Local District School Tax

(Amount Shown on Line 2 Above) 42,727,274.00

Vocational School Tax (Amount Shown on LIne 3 Above)

Regional School District Tax (Amount Shown on Line 4 Above)

Regional High School Tax (Amount Shown on Line 5 Above)

County Tax (Amount Shown on Line 6 Above) 15,500,238.00Special District Tax (Amount Shown on Line 7 Above)

Tax in Local Municipal Budget 9,909,525.59

Total Amount (see Line 11) 68,137,037.59

12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, 272,548.15 Note: The amount

Item 8 (M) (Item 11, Less Item 10) 80024-06 of anticipated

Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations 38,343,322.01 revenues (Item 9)

Item 12 - Appropriation: Reserve for Uncollected Taxes 272,548.15 may never

Sub-Total 38,615,870.16 exceed the totalLess: Item 9 - Total Anticipated Revenues 28,706,344.57 of Items 1 & 12.

Amount to be Raised by Taxation in Municipal Budget 80024-07 9,909,525.59

* May not be stated in an amount lessthan "actual" Tax of year SFY 2004.

** Must be stated in the amount of theproposed budget submitted by the Local

Board of Education to the Commissioner of

Education on January 15, 2004 (Chap.136,

P.L. 1978). Consideration must be given tocalendar year calculation.

9. Less: Total Anticipated Revenues from SFY 2005 in Municipal

Budget (Item 5)

COMPUTATION OF APPROPRIATION:

RESERVE FOR UNCOLLECTED TAXES AND

AMOUNT TO BE RAISED BY TAXATION

IN SFY 2005 MUNICIPAL BUDGET

Sheet 25


36/50

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS SFY 2004

DEBIT CREDIT

1. Balance July 1, 2003 2,676,060.30 xxxxxxxxxx

A. Taxes 83102-00 2,325,209.32 xxxxxxxxxx xxxxxxxxxx

B. Tax Title Liens 83103-00 350,850.98 xxxxxxxxxx xxxxxxxxxx

2. Canceled: xxxxxxxxxx xxxxxxxxxx

A. Taxes (including PY Adj for SS&V Rec) 83105-00 xxxxxxxxxx 366,825.10

B. Tax Title Liens 83106-00 xxxxxxxxxx -

3. Transferred to Foreclosed Tax Title Liens: xxxxxxxxxx xxxxxxxxxx

A. Taxes 83108-00 xxxxxxxxxx

B. Tax Title Liens 83109-00 xxxxxxxxxx 120,315.86

4. Added Taxes 83110-00 xxxxxxxxxx5. Added Tax Title Liens 83111-00 10,146.61 xxxxxxxxxx

6. Adjustment between Taxes (Other than current year) & Tax Title Liens: xxxxxxxxxx xxxxxxxxxx

A. Taxes - Transfers to Tax Title Liens 83104-00 xxxxxxxxxx 250.00

B. Tax Title Liens - Transfers from Taxes 83107-00 250.00 xxxxxxxxxx

7. Balance Before Cash Payments xxxxxxxxxx 2,199,065.95

8. Totals 2,686,456.91 2,686,456.91

9. Balance Brought Down 2,199,065.95 xxxxxxxxxx

10. Collected xxxxxxxxxx 1,834,169.55

A. Taxes 83116-00 1,834,169.55 xxxxxxxxxx xxxxxxxxxx

B. Tax Title Liens 83117-00 xxxxxxxxxx xxxxxxxxxx

11. Interest and Costs - SFY 2004 Tax Sale 83118-00 xxxxxxxxxx

12.SFY 2004 Taxes Transferred to Liens 83119-00 59,295.22 xxxxxxxxxx

13.SFY 2004 Taxes 83123-00 166,779.19 xxxxxxxxxx

14 Balance June 30, 2004 xxxxxxxxxx 620,970.81

A. Taxes 83121-00 290,743.86 xxxxxxxxxx xxxxxxxxxx

B. Tax Title Liens 83122-00 300,226.95 xxxxxxxxxx xxxxxxxxxx

15. Totals 2,425,140.36 2,455,140.36

16. Percentage of Cash Collections to Adjusted Amount Outstanding

(Item No. 10 divided by Item No. 9) is 83.41%

17. Item No. 14 multiplied by percentage shown above is $ 517,931.60 and represents the

maximum amount that my be anticipated in SFY 2005 . 83125-00

(See Note A on Sheet 22 - Current Taxes)

(1) These amount will always be the same.

Sheet 26


37/50

SFY 2004

Debit Credit

1. Balance July 1, 2003 84101-00 1,742,612.00 xxxxxxxxxxxxx

2. Foreclosed or Deeded in SFY 2004 xxxxxxxxxxxxx xxxxxxxxxxxxx

3. Tax Title Liens 84103-00 120,315.86 xxxxxxxxxxxxx

4. Taxes Receivable 84104-00 - xxxxxxxxxxxxx

5A. Balance Detail to Control 84102-00 - xxxxxxxxxxxxx

5B. 84105-00 xxxxxxxxxxxxx -

6. Adjustment to Assessed Valuation 84106-00 - xxxxxxxxxxxxx

7. Adjustment to Assessed Valuation 84107-00 xxxxxxxxxxxxx 897,327.86

8. Sales xxxxxxxxxxxxx xxxxxxxxxxxxx

9. Cash * 84109-00 xxxxxxxxxxxxx -10. Contract 84110-00 xxxxxxxxxxxxx -

11. Mortgage 84111-00 xxxxxxxxxxxxx -

12. Loss on Sales 84112-00 xxxxxxxxxxxxx -

13. Gain on Sales 84113-00 - xxxxxxxxxxxxx

14. Balance June 30, 2004 84114-00 xxxxxxxxxxxxx 965,600.00

1,862,927.86 1,862,927.86

N/A

Debit Credit

15. Balance July 1, 2003 84115-00 - xxxxxxxxxxxxx

16. 2003 Sales from Foreclosed Property 84116-00 - xxxxxxxxxxxxx

17. Collected * 84117-00 xxxxxxxxxxxxx -

18. 84118-00 xxxxxxxxxxxxx -

19. Balance June 30, 2004 84119-00 xxxxxxxxxxxxx -

- -

N/A

Debit Credit

20. Balance July 1, 2003 84120-00 - xxxxxxxxxxxxx

21. SFY 2002 Sales from Foreclosed Property 84121-00 - xxxxxxxxxxxxx

22. Collected * 84122-00 xxxxxxxxxxxxx -

23. 84123-00 xxxxxxxxxxxxx -

24. Balance June 30, 2004 84124-00 xxxxxxxxxxxxx -

Analysis of Sale of Property: $ - -

*Total Cash Collected in SFY 20024 (84125-00)

Realized in SFY 2004 Budget

To Results of Operation (Sheet 19)

SCHEDULE OF FORECLOSED PROPERTY(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)

MORTGAGE SALES

CONTRACT SALES

Sheet 27


38/50

SFY 2004

Amount

June 30, 2003 Amount in Amount Balance

Caused By per Audit SFY 2004 Resulting from as atReport Budget SFY 2004 June 30, 2004

1. Emergency Authorization -

Municipal* 400,000.00 400,000.00 1,041,970.22 1,041,970.22

2. Emergency Authorizations -

Schools - - - -

3. Deficit in Operations- FY 2003 231,648.31 231,648.00 - 0.31

4. Overexpenditure of Appropriations 312,726.54 312,726.54 1,596,575.73 1,596,575.73

5. Deficit in Community Center Reserve - 40,285.88 40,849.60 563.72

6. Overexpenditure of App Reserves 27,301.37 26,078.50 10,766.19 11,989.06

7. Overexpenditure of Self Insurance Fund 7,831.49 7,831.49 30,461.93 30,461.93

8. Overexpenditure of Const. Planning Zoning Trust 56,690.42 56,690.42 6,190.40 6,190.40

9. Overexpenditure of Improvement Authorizations 8,461.74 8,461.74 - -

10. Overexpenditure of Grand Programs 34,034.87 34,034.87 - -

11. Expenditures without Appropriations - Grant Fund - - 37,580.03 37,580.03

1,078,694.74 1,117,757.44 2,764,394.10 2,725,331.40

* Do not include items funded or refunded as listed below.

N/A

Date Purpose Amount

1.2.

3.

4.

5.

N/A

Appropriated for

In favor of On Account of Date Entered Amount in Budget of

SFY 2004

1.

2.

3.

4.

DEFERRED CHARGES

- MANDATORY CHARGES ONLY -

EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51

CURRENT, TRUST, AND GENERAL CAPITAL FUNDS

(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55,

N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30)

Sheet 28


39/50

SFY 2004

N.J.S. 40A:4-55 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 REDUCED IN SFY 2004Date Authorized 1/5 of Amount Balance By SFY 2004 Canceled Balance

Authorized * 06/30/01 Budget by Resolution June 30, 2004

0.00 0.00

Totals 0.00 0.00 0.00 0.00 0.00 38,168.00

80025-00 80026-00

It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the governing body in full compliance with NJSA40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page

Chief Financial Officer* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance June 30, 2004" must be entered hereand then raised in the SFY 2001 budget.

Sheet29

Purpose

N/A


40/50

SFY 2004N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD

N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES

Not Less Than REDUCED IN SFY 2004Date Amount 1/3 of Amount Balance By SFY 2004 Canceled Balance

Authorized Authorized * June 30,2003 Budget by Resolution June 30, 2004

Totals 0.00 0.00 0.00 0.00 0.00 38,168.00

80027-00 80028-00

It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the governing body in full compliance with NJSA40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page

Chief Financial Officer* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance June 30, 2004" must be entered here and then raised in th SFY 2004 budget

Sheet30

N/A

Purpose


41/50

SFY 2004

Debit Credit2005 Debt

Service

Outstanding July 1, 2003 80033-01 xxxxxxxxxxxxx 19,648,000.00Issued 80033-02 xxxxxxxxxxxxx 4,950,000.00

Paid 80033-03 6,149,000.00 xxxxxxxxxxxxx

Outstanding, June 30, 2004 80033-04 18,449,000.00 xxxxxxxxxxxxx

24,598,000.00 24,598,000.00

SFY 2005 Bond Maturities-General Capital Bonds 0.00 80033-05 2,175,000.00

SFY 2005 Interest on Bonds* 80033-06 770,580.01

ASSESSMENT SERIAL BONDSOutstanding July 1, 2003 80033-07 xxxxxxxxxxxxx -

Issued 80033-08 xxxxxxxxxxxxx -

Paid 80033-09 - xxxxxxxxxxxxx

- -

- -

Outstanding, June 30, 2004 80033-10 - xxxxxxxxxxxxx

- -

SFY 2005 Bond Maturities-Assessment Bonds 80033-11 -

SFY 2005 Interest on Bonds* 80033-12 -Total "Interest on Bonds - Debt Service" (*Items) 80033-13 770,580.01

LIST OF BONDS ISSUED DURING SFY 2004 N/A

PurposeSFY 2005Maturity

Amount Issued Date of Issue Interest Rate

2003/ 2004 General Obligation Refunding Bonds 885,000.00 4,950,000.00 03/04/04 3.50%

Total 885,000.00 4,950,000.00 --------- ---------

80033-14 80033-15

SCHEDULE OF BONDS ISSUED AND OUTSTANDING

AND SFY 2004 DEBT SERVICE FOR BONDS

(MUNICIPAL) GENERAL CAPITAL BONDS

Sheet 31


42/50

SFY 2004

Debit Credit2005 Debt

Service

Outstanding July 1, 2003 80033-01 xxxxxxxxxxxxx 1,036,047.20


Paid 80033-03 92,394.20 xxxxxxxxxxxxx

Outstanding, June 30, 2004 80033-04 943,653.00 xxxxxxxxxxxxx

1,036,047.20 1,036,047.20

SFY 2005 Green Acres Loan Maturities 80033-05 94,251.16

SFY 2005 Interest on Green Acres Loan 80033-06 18,404.14

Total SFY 2005 Debt Service for Green Acres Loan 80033-13 112,655.30

(MUNICIPAL) INFRASTRUCTURE LOAN

Outstanding July 1, 2003 80033-07 xxxxxxxxxxxxx 3,780,866.03


Paid 80033-09 181,448.03 xxxxxxxxxxxxx

- -

- -

Outstanding, June 30, 2004 80033-10 3,599,418.00 xxxxxxxxxxxxx

3,780,866.03 3,780,866.03

SFY 2005 Infrastructure Loan Maturities 80033-05 187,282.61

SFY 2005 Interest on Infrastructure Loan 80033-06 106,007.50

Total SFY 2005 Debt Service for Infrastructure Loan 80033-13 293,290.11

LIST OF LOANS ISSUED DURING SFY 2004

PurposeSFY 2005Maturity

Amount Issued Date of Issue Interest Rate

N/A

Total - - --------- ---------

80033-14 80033-15


AND SFY 2004 DEBT SERVICE FOR LOANS

(MUNICIPAL) GREEN ACRES LOAN

Sheet 31 (a)


43/50

SFY 2004

N/A

SFY 2005 Debt

Debit Credit Service

Outstanding July 1, 2003 80034-01 xxxxxxxxxxxx -


- -

Outstanding June 30, 2004 80034-03 - xxxxxxxxxxxxx

- -

SFY 2005 Bond Maturities-Term Bonds 80034-04 $

SFY 2005 Interest on Bonds* 80034-05 $

N/A

Outstanding July 1, 2003 80034-06 xxxxxxxxxxxxx -Issued 80034-07 xxxxxxxxxxxxx -


- -

- -

Outstanding, June 30, 2004 80034-09 - xxxxxxxxxxxxx

- -

SFY 2005 Interest on Bonds* 80034-10 $

SFY 2005 Bond Maturities - Serial Bonds 80034-11 $

Total "Interest on Bonds - Type I School Debt Service" (*Items) 80034-12 $

LIST OF BONDS ISSUED DURING SFY 2004 N/A

Purpose SFY 2005 Maturity -01 Amt Issued -02 Date of Issue Interest Rate

Total 80035-

SFY 2005 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY

Outstanding, June 30,2004 SFY 2005 Interest

1. Emergency Notes 80036- $ $

2. Special Emergency Notes 80037- $ $

3. Tax Anticipation Notes 80038- $ $

4. Interest on Unpaid State & County Taxes 80039- $ $

5. $ $

6. $ $


AND SFY 2004 DEBT SERVICE FOR BONDS

TYPE I SCHOOL TERM BONDS

TYPE I SCHOOL SERIAL BOND

Sheet 32


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DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) SFY 2004

Title or Purpose Original Original Amount of Date Rate Interest

of Issue Amount Date of Note of of For Principal For Interest Computed to

Issued Issue * Outstanding Maturity Interest ** (insert

06/30/04 date)

1. Various Capital Improvements 2,280,000 01/30/03 2,280,000 01/28/05 2.00% 45,346.67 01/28/05

2. Various Capital Improvements 2,422,500 05/12/04 2,422,500 01/25/05 1.28% 21,791.73 01/28/05

3. Various Capital Improvements 570,000 09/24/03 570,000 09/24/04 1.20% 6,840.00 01/28/05

Total 5,272,500 5,272,500 - 73,978

80051-01 80051-02

Note: Additional Notes to be issued in FY 2005 resulting in additional interest for notes for FY 2005 - $75,901.88

Memo: Designate all "Capital Notes" issued under N.J.S. 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 1990 or prior require one legally payable installment to be budgeted if it is contemplated that such notes

will be renewed in SFY 2005 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.

SFY 2005 Budget Requirement

Sheet33


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DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES SFY 2004

Original Original Amount of Date Rate Interest

Amount Date of Note of of For Principal For Interest Computed

Issued Issue * Outstanding Maturity Interest ** to (Insert

06/30/04 Date)

1. N/A

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total

80051-01 80051-02

MEMO: *See Sheet 33 for clarification of "Original Date of Issue"

Assessment Notes with an original date of issue of SFY 2002 or prior must be appropriated in full in the SFY 2005

Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement.

** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".

SFY 2005 Budget Requirement

Sheet34

Title or Purpose

of Issue



46/50

SFY 2004

Specify each authorization by purpose. Do SFY 2004 Cash from Expended Authorizations

not merely designate by a code number Funded Unfunded Authorizations Current Budget Canceled Funded Unfunded

Various Capita l Improvements-97-01 152,202.25 (3,915.00) 156,117.25

Various Capi tal Improvements-97-22 (4,166.08) 4,166.08 - -

Various Capital Improvements-98-9 25.28 - 25.28

Various Capital Improvements-99-5 782.49 - 782.49

Stabilization of Shabakunk Creek-99-10 251,876.60 (18,783.00) 270,659.60

Milling/ Overlay Various Streets-00-13 - -

Various Capital Improvements-01-07 2,036.12 - 2,036.12

Various Capita l Improvements-01-28 614,935.64 37,645.10 577,290.54

Road Improvements/ FEMA Match-02-03 39,457.97 39,457.97 -

Various Capital Improvements-02-18 - 93,215.91 62,106.30 31,109.61

Various Capi tal Improvements-00-19 (4,295.66) 4,295.66 -

ERISA Bonding-02-19 13,270.78 (55,000.00) 68,270.78

Primrose Road Improvements-02-25 9,543.98 9,543.98

Various Capi tal Improvements-03-14 30,000.00 570,000.00 599,591.31 408.69

Advance Refunding Authorization-03-11 4,446,583.12 4,396,583.12 - 50,000.00

Various Capital Improvements-04-02 2,550,000.00 1,561,973.77 988,026.23

Total 70000- 1,096,125.39 5,119,343.01 2,550,000.00 8,461.74 6,619,659.57 - 1,075,182.06 1,079,088.51

Sheet35

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

Balance July 1, 2003 Balance - June 30, 2004IMPROVEMENTS


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SFY 2004

Debit Credit

Balance July 1, 2003 80031-01 xxxxxxxxxxxxxxxx 8.00

Received from SFY 2004 Budget Appropriation * 80031-02 xxxxxxxxxxxxxxxx 127,500.00

Received from Performance/Inspectin Escrow xxxxxxxxxxxxxxxx -

Improvement Authorizations Canceled (but only where financed

in whole by the Capital Improvement Fund) 80031-03 xxxxxxxxxxxxxxxx -

List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Adjust to prior year - to surplus 8.00 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations 80031-04 127,500.00 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

Balance June 30, 2004 80031-05 - xxxxxxxxxxxxxxxx

127,508.00 127,508.00

SCHEDULE OF CAPITAL IMPROVEMENT FUND

GENERAL CAPITAL FUND

Sheet 36


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GENERAL CAPITAL FUND SFY 2004

SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit

Balance July 1, 2003 80030-01 xxxxxxxxxxxxxxxx -

Received from SFY 2004 Budget Appropriation* 80030-02 xxxxxxxxxxxxxxxx 127,500.00

Received from SFY 2004 Emergency Appropriation* 80030-03 xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations 80030-04 127,500.00 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

Balanvce June 30, 2004 80030-05 - xxxxxxxxxxxxxxxx

127,500.00 127,500.00

* The full amount of the 2004 appropriation should be transferred to this account unless the balance of the

appropriation is permitted to lapse.

CAPITAL IMPROVEMENTS AUTHORIZED IN SFY 2004

AND DOWN PAYMENTS (N.J.S. 40A:2-11)

GENERAL CAPITAL FUND ONLY

Amount Total Down Payment Amount of Down

Purpose Appropriated Obligations Provided by Paymt in Budget

Authorized Ordinance of SFY 2004 or

Prior Years

Improvements To Parks and Playgrounds 218,000.00 218,000.00 10,900.00 10,900.00

Animal Shelter and Vehicle 298,000.00 298,000.00 14,900.00 14,900.00

Purchase of Equipment-Police 135,000.00 135,000.00 6,750.00 6,750.00

Purchase of equipment-Buildings Ground 117,000.00 117,000.00 5,850.00 5,850.00

Purchase of Equipment-Recreation 114,000.00 114,000.00 5,700.00 5,700.00

Purchase of Equipment-Roads 215,000.00 215,000.00 10,750.00 10,750.00

Purchase of Equipment-Sanitation 145,000.00 145,000.00 7,250.00 7,250.00

Purchase of Equipment-Offices 50,000.00 50,000.00 2,500.00 2,500.00

EMS Ambulance 50,000.00 50,000.00 2,500.00 2,500.00

Purchase of Van 30,000.00 30,000.00 1,500.00 1,500.00

Purchase of Equipment-OEM 385,000.00 385,000.00 19,250.00 19,250.00

Ewing Community Center 25,000.00 25,000.00 1,250.00 1,250.00

Fire Truck-West Trenton 500,000.00 500,000.00 25,000.00 25,000.00

Purchase of Equipment-Prospect Heights 104,000.00 104,000.00 5,200.00 5,200.00

Purchase of Equipment-Pennington Road 104,000.00 104,000.00 5,200.00 5,200.00

Pond Run Flood Control 60,000.00 60,000.00 3,000.00 3,000.00

Total 80032-00 2,550,000.00 2,550,000.00 127,500.00 127,500.00

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.

Sheet 37


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SFY 2004

GENERAL CAPITAL FUND

STATEMENT OF CAPITAL SURPLUS

SFY 2004

Debit Credit

Balance July 1, 2003 80029-01 xxxxxxxxxxxxxxxx 25,905.59

Premium on Sale of Bonds xxxxxxxxxxxxxxx -

Funded Improvement Authorizations Canceled xxxxxxxxxxxxxxx -

Adjustment to surplus - 15,797.48

- -

- -

Appropriated to Finance Improvement Authorizations 80029-02 - xxxxxxxxxxxxxxxx

Appropriated to SFY 2004 Budget Revenue 80029-03 - xxxxxxxxxxxxxxxx

Balance June 30, 2004 80029-04 41,703.07 xxxxxxxxxxxxxxxx

41,703.07 41,703.07

BONDS ISSUED WITH A COVENANT OR COVENANTS

1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,

P.L. 1934, Chapter 268, P.L. 1934, Chapter 428, P.L. 1933 orChapter 77, Article VI-A, P.L. 1935, with Covenant or Covenants;

Outstanding June 30, 2003

2. Amount of Cash in Special Trust Fund as of JUNE 30, 2001 (Note A)

3. Amount of Bonds Issued Under Item 1

Maturing in SFY 2004

4. Amount of Interest on Bonds with a

Covenant - SFY 2004 Requirement

5. Total of 3 and 4 - Gross Appropriation

6. Less Amount of Special Trust Fund to be Used

7. Net Apprpriation 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 hereto.

Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as adeduction and with the amount of Item 7 extended into the SFY 2004 appropriation column.

N/A

Sheet 38


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SFY 2004

A.

1. Total Tax Levy for the Year SFY 2004 was $ 67,187,597.08

2. Amount of Item 1 Collected in SFY 2004 (*) $ 66,975,367.88

3. Seventy (70) percent of Item 1 $ 47,031,317.96

(*) Including prepayments and overpayments applied.

B.

1. Did any maturities of bonded obligations or notes fall due during the year SFY 2004?

Answer YES or NO YES

2. Have payments been made for all bonded obligations or notes due on or before

June 30, 2004?

Answer YES or NO YES

C. Does the appropriation required to be included in the SFY 2004 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 SFY 2003 $ 1,067,802.99

2. 4% of SFY 2003 Tax Levy for all purposes:

Levy -- $ 62,141,533.19 = $ 2,485,661.33

3. Cash Deficit SFY 2004 $ -

4. 4% of SFY 2004 Tax Levy for all purposes:

Levy -- $ 67,187,597.08 = $ 2,687,503.88

E. Unpaid SFY 2003 SFY 2004 Total

1. State Taxes - - -2. County Taxes - - -

3. Amounts due Special Districts - - -

4. Amounts due School Districts for Local School Tax 1,638,377.00 - 1,638,377.00

NOTE: If answer to Item B1 is YES, then Item B2 must be answered

(N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L. 1981)

This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete

MUNICIPALITIES ONLY

IMPORTANT!!

2004 annual financial statement

Documents