annual financial statement for the year 2018 ......county of middlesex and that the statements...

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ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018(UNAUDITED)

POPULATION LAST CENSUS 99,967

NET VALUATION TAXABLE 2018 $7,144,232,527.00MUNICODE 1205

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 Edison County of Middlesex

SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACESDate Examined By:

1 Preliminary Check2 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: Nicholas Fargo

(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 Nicholas Fargo am the Chief Financial Officer, License #n-0010, of the Township of Edison, County of Middlesex 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: Yes

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 Nicholas FargoTitle Chief Financial OfficerAddress 100 Municipal Blvd

Edison, NJ 08817Phone Number 732-287-0900Email [email protected]

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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 Edison 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 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:

Registered Municipal Accountant

Firm Name

Address

Phone Number

Email

Certified by me2/17/2019

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MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATIONBY

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; and6. 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: EdisonChief Financial Officer:Signature:Certificate #:Date: 3/4/2019

CERTIFICATION OF NON-QUALIFYING MUNICIPALITY

The undersigned certifies that this municipality does not meet item(s) # 7 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: EdisonChief Financial Officer: Nicholas FargoSignature: Nicholas FargoCertificate #:Date: 6/11/2019

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22-6002241Fed I.D. #

EdisonMunicipalityMiddlesex

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 $585,517.98 $609,911.20 $

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.

Nicholas Fargo 6/11/2019Signature of Chief Financial Officer Date

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IMPORTANT!

READ INSTRUCTIONSINSTRUCTION

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 Edison, County of Middlesex during the year 2018.

I have therefore removed from this statement the sheets pertaining only to utilities.

Signature:Name:Title:

(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 $7,194,825,765

Joann JimenezSIGNATURE OF TAX ASSESSOR

EdisonMUNICIPALITY

MiddlesexCOUNTY

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CURRENT FUND ASSETSCOMPARATIVE BALANCE SHEET – REGULATORY BASIS

AS OF DECEMBER 31, 2018

2018

Cash:Cash 45,240,911.45Sub Total Cash 45,240,911.45

Investments:

Other Receivables

Receivables and Other Assets with Full ReservesDelinquent Taxes 23,140.11Tax Title Liens 1,213,553.53Property Acquired by Taxes 3,991,567.99Health Charge Receivable 43,475.39Revenue Account Receivable 75,787.99Due From General Capital Fund 38,619.65Due from Affordable Housing 24,132.25Due to Community Development Black Grant 26,983.09Due From Flexible Spending Account 38.18Due From Tax Sales Redemptions Trust 4,986.51Due From Trust Assessment Fund 18,760.00Due From Water Operating Fund 51.72Due From Trust Fund 9,529.49Due From Dog Trust Fund 418.07Sub Total Receivables and Other Assets with Reserves 5,471,043.97

Deferred ChargesEmergency Appropriation - Five Years 1,104,000.00Emergency Appropriation - Five Years 285,600.00Emergency Appropriation - Five Years 498,000.00Emergency Appropriation - Five Years 1,201,000.00Emergency Appropriation - Five Years 115,600.00Sub Total Deferred Charges 3,204,200.00

Total Assets 53,916,155.42

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CURRENT FUND LIABILITIES, RESERVES AND FUND BALANCECOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Liabilities:Reserve for Encumbrances 2,120,869.42Appropriation Reserves 9,420,606.38Account Payable 944,832.67Tax Overpayments 439,538.11Local District School Tax Payable 9,441,654.00Prepaid Taxes 2,933,287.43Due to State of New Jersey - Senior Citizens & Veterans Deductions 28,287.24Due to State Marriage Licenses and Burial Permit Fees 2,515.00Due to Municipal Open Space Trust Fund 121,500.00Due to Federal and State Grant Fund 1,246,243.85State Library Aid 43,753.00Reserve for 979 Amboy Ave. LLC Redevelopment 25,000.00Reserve for 225 Raritan Center PKY Redevelopment 25,000.00Reserve for Car Max Redevelopment 25,000.00Reserve for Condominium Services 154,142.95Reserve for Advanced Medical Claims 1,991,332.18Reserve for Tax Appeals 4,472,725.57Reserve for Police and Fireman Pension 1,535.40Reserve for LOSAP 264,000.00Reserve for Salary Adjustments 104,163.29Reserve for Special Garbage District 5,473,653.63Reserve for Towing Escrow 2,689.13Total Liabilities 39,282,329.25

Total Liabilities, Reserves and Fund Balance:Reserve for Receivables 5,471,043.97Fund Balance 9,162,782.20Total Liabilities, Reserves and Fund Balance 53,916,155.42

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FEDERAL AND STATE GRANT FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

AssetsFederal and State Grants Receivable 618,788.68Due From Current Fund 1,246,243.85Total Assets Federal and State Grant Fund 1,865,032.53

LiabilitiesReserve for Encumbrances 38,875.20Appropriated Reserves for Federal and State Grants 1,824,257.33Unallocated Receipts 1,900.00Total Liabilities Federal and State Grant Fund 1,865,032.53

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CAPITAL FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

AssetsCash 19,133,867.79Account Receivable-Free Public Library 64,178.00Grant Receivable 228,687.48Insurance Proceeds Receivable 66,850.00

Deferred ChargesDeferred Charges-Unfunded 79,343,342.61Deferred Charges-Funded 33,580,559.58Total Deferred Charges 112,923,902.19

Total Assets General Capital Fund 132,417,485.46

LiabilitiesReserve For Encumbrances 5,482,133.16Improvement Authorizations - Funded 825,062.32Improvement Authorizations - Unfunded 35,933,052.50General Capital Bonds 32,363,179.55Bond Anticipation Notes 55,750,000.00Green Trust Loans Payable 211,893.56NJ Enviromental Infrastructure Trust Loan 1,005,486.47Reserve for Grant Receivable 51,173.53Reserve for Future Debt Service 102,411.01Reserve for Parking Space Variances 302,000.00Reserve for Woodland Estates 337,343.21Capital Improvement Fund 14,510.51Due to Current Fund 38,619.65Total Liabilities and Reserves 132,416,865.47

Fund BalanceCapital Surplus 619.99Total General Capital Liabilities 132,417,485.46

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TRUST ASSESSMENT FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Cash:

Investments

Assets not offset by ReceivablesAssessment Liens 97.00Assesssment Liens interest & Liens 74.00Sub Total Assets not offset by Receivables 171.00

Assets offset by the Reserve for ReceivablesDue From Trust Fund 20,063.00Assets offset by the Reserve for Receivables 20,063.00

Deferred Charges

Total Assets 20,234.00

Liabilities and ReservesDue to Current Fund 18,760.00Reserve for Lien Interest and Costs 74.00Reserve for Assessment Liens Interest & Cost 97.00Total Liabilities and Reserves 18,931.00

Fund BalanceFund Balance 1,303.00Total Liabilities, Reserves, and Fund Balance 20,234.00

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OTHER TRUST FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Animal Control Trust AssetsCash 155,518.33Total Dog Trust Assets 155,518.33

Animal Control Trust LiabilitiesReserve for Encumbrances 89,362.99Due to State of New Jersey 39.60Due to Current Fund 418.07Reserve for Dog Fund Expenditures 65,697.67Total Dog Trust Reserves 155,518.33

CDBG Trust AssetsCash 130,869.46Account Receivable-HOPWA 183,288.65Account Receivable-HUD 1,033,300.52Total CDBG Trust Assets 1,347,458.63

CDBG Trust LiabilitiesReserve for Encumbrances-CDBG 32,025.09Due to Current Fund-Community Development Block Grant 26,983.09Reserve for HUD Expenditures 1,288,450.45Total CDBG Trust Reserves and Liabilities 1,347,458.63

LOSAP Trust Assets

LOSAP Trust Liabilities

Open Space Trust AssetsCash 1,940,451.88Due from Current Fund 121,500.00Total Open Space Trust Assets 2,061,951.88

Open Space Trust LiabilitiesReserve for Municipal Open Space Trust Fund Future Debt

Service2,061,951.88

Total Open Space Trust Reserves 2,061,951.88

Other Trust AssetsCash 42,414,500.95Total Other Trust Assets 42,414,500.95

Other Trust LiabilitiesDue to Current Fund- Affordable Housing 24,132.25Due to Current Fund 9,529.49Due to Current Fund-Flexible Spending Account 38.18Due to Current Fund-Tax Sales Redemptions 4,986.51Reserve for Payroll Account 1,017,765.28

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Due to Assessment Trust Fund 20,063.00Total Miscellaneous Trust Reserves (31-287) 32,017,952.81Total Trust Escrow Reserves (31-286) 9,320,033.43

Total Other Trust Reserves and Liabilities 42,414,500.95

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PUBLIC ASSISTANCE FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

AssetsCash Public Assistance #1 44,594.59Total Public Assistance Assets 44,594.59

Liabilities and ReservesReserve for Public Assistance 44,594.59Total Public Assistance Reserves and Liabilities 44,594.59

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SCHEDULE OF TRUST FUND RESERVES

Purpose Amount Dec. 31, 2017 Per Audit Report Receipts Disbursements Balance as of

Dec. 31, 2018Reserve for Accrued Leave $660,329.53 $1,201,000.00 $1,018,607.49 $842,722.04Reserve for Affordable Housing $4,078,334.33 $579,100.65 $347,761.62 $4,309,673.36Reserve for BPU Landfill Closure $12,469,904.48 $159,905.13 $29,218.99 $12,600,590.62Reserve for DEP Landfill Closure $4,521,787.56 $44,702.75 $15,045.88 $4,551,444.43Reserve for Developers Escrow $1,949,963.21 $703,353.14 $969,508.13 $1,683,808.22Reserve for Edison Home Security Deposits $82.36 $ $ $82.36Reserve for Edison Landfill Closure Trust $1,995,113.82 $315,754.97 $88,802.57 $2,222,066.22Reserve for Engineering Inspections $83,002.40 $ $ $83,002.40Reserve for Enviromental Donation Trust $17,823.88 $2,500.00 $1,175.00 $19,148.88Reserve for Fall Family Spetacular Donations $11,241.90 $11,500.00 $6,650.00 $16,091.90Reserve for Federal Forfeited Property $516,632.70 $62,730.93 $12,167.38 $567,196.25Reserve for Fire Escrows $1,534.00 $ $ $1,534.00Reserve for Fire Fines $40,749.43 $12,750.00 $ $53,499.43Reserve for Flexible Spending Account $25,254.30 $16,398.24 $23,000.84 $18,651.70Reserve for Law Enforcement Expenditures $214,535.89 $51,545.04 $5,000.00 $261,080.93Reserve for Municipal Alliance $26,914.34 $37,408.00 $38,652.26 $25,670.08Reserve for Off Duty Public Safety $524,044.40 $4,844,851.81 $4,313,523.73 $1,055,372.48Reserve for Other Escrows $885,536.37 $60,849.85 $15,811.59 $930,574.63Reserve for Park Improvement Fund $252,383.07 $46,417.43 $600.00 $298,200.50Reserve for Parking Adjudication $5,893.22 $168.00 $ $6,061.22Reserve for Performance Bonds $4,675,405.08 $289,252.93 $777,467.18 $4,187,190.83Reserve for Public Defender Fees $44,504.90 $31,460.50 $29,399.96 $46,565.44Reserve for Recreation Trust $234,083.99 $103,054.30 $54,379.61 $282,758.68Reserve for Seized Assets $2,968.59 $51.44 $ $3,020.03Reserve for Self Insurance Fund $364,604.06 $9,800.00 $65,507.50 $308,896.56Reserve for Snow Removal $131,057.45 $779,330.41 $ $910,387.86Reserve for Street Openings $184,269.57 $65,926.80 $18,248.00 $231,948.37Reserve for Tax Lien Foreclosure Interest Trust $327,140.73 $ $ $327,140.73Reserve for Tax Sales Redemptions Trust $4,630,776.19 $4,606,745.81 $5,362,394.76 $3,875,127.24Reserve for Tree Fund $152,192.84 $62,201.49 $49,635.06 $164,759.27Reserve for Tree Planting $474,688.93 $37,427.36 $26,809.01 $485,307.28

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Purpose Amount Dec. 31, 2017 Per Audit Report Receipts Disbursements Balance as of

Dec. 31, 2018Reserve for Unemployment Compensation Trust $802,916.64 $324,618.41 $159,122.75 $968,412.30Totals $40,305,670.16 $14,460,805.39 $13,428,489.31 $41,337,986.24

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ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TOLIABILITIES AND SURPLUS

ReceiptsTitle of Liability to which Cash and Investments are

PledgedAudit Balance Dec.

31, 2017 Assessments and Liens Current Budget

Other Disbursements Balance Dec. 31, 2018

Other Assets-Interfund Receivable -20,063.00 -20,063.00Assessment Bond Anticipation Note Issues:

Other Liabilities Due to Current Fund 18,760.00 18,760.00Trust SurplusTrust Surplus 1,303.00 1,303.00Less Assets “Unfinanced”

Totals 0.00 0.00 0.00 0.00 0.00

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CASH RECONCILIATION DECEMBER 31, 2018

CashOn Hand On Deposit

Less Checks Outstanding Cash Book Balance

Trust-CDBG 203,089.04 72,219.58 130,869.46Capital - General 20,444,235.25 1,310,367.46 19,133,867.79Current 6,554,956.97 44,814,639.28 6,128,684.80 45,240,911.45Federal and State Grant FundMunicipal Open Space Trust Fund 1,940,451.88 1,940,451.88Public Assistance #1** 44,594.59 44,594.59Public Assistance #2**Sewer Capital Fund 1,018,907.71 1,018,907.71Sewer Operating Fund 42,284.99 18,858,875.29 102,461.70 18,798,698.58Sewer Utility Assessment TrustTrust - AssessmentTrust - Dog License 226,797.96 71,279.63 155,518.33Trust - Other 38,097.22 43,115,250.63 738,846.90 42,414,500.95Water Operating Fund 27,457.99 1,191.09 26,266.90Water Utility Assessment TrustWater Utility Capital

Total 6,635,339.18 130,694,299.62 8,425,051.16 128,904,587.64

* - 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: Nicholas Fargo Title: Chief Financial Officer

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CASH RECONCILIATION DECEMBER 31, 2018 (CONT'D)LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Bank AmountPetty Cash Fund 611.74Affordable Housing Trust 4,334,709.78BPU Landfill Fund 12,600,590.62Cash Performance Fund 4,222,964.16Community Development Block Grant Fund 203,089.04Current Fund 30,989,124.61Current Fund Investment Account 7,985,735.73DEP Landfill Closure Fund 4,551,444.43Developers Escrow Fund 1,696,711.97Dog Trust Fund 226,797.96Edison Landfill Closure Trust 2,222,066.22Employee Tax Account 1,526,920.75Federal Forfeited Assets Account 569,701.65Flexible Spending Account 19,320.13General Capital Fund 20,444,235.25Law Enforcement Forfeited Fund 253,291.28Local Law Enforcement Block Grant 46,092.25Municipal Open Space Trust Fund 1,940,451.88NJ Cash Management Fund 134,590.90Park Improvement Fund 298,200.50Payroll Fund 2,548,807.98Public Assistance Fund 44,594.59Sanitation Fund 3,109,676.07Seized Assets Trust 3,020.03Sewer Capital Fund 1,018,907.71Sewer Operating Fund 18,858,875.29Tax Sale Redemption Trust Fund 3,938,140.07Tree Fund 166,160.77Tree Planting Escrow Fund 488,757.28Trust Fund 6,223,250.99Water Utility Fund 27,457.99

Total 130,694,299.62

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.

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MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE

Grant Balance Jan. 1, 2018 2018 Budget Revenue Realized Received Canceled Other Balance

Dec. 31, 2018Other Grant Receivable

DescriptionDrive Sober or Get Pulled Over Year End Crackdown 5,500.00 5,500.00 0.00Clean Communities Grant 166,404.65 166,404.65 0.00Investors Foundation Grant 5,000.00 5,000.00 0.00MCIA Recycling Grant 46,035.00 46,035.00 0.00Middlesex County Art Grant 7,500.00 5,625.00 1,875.00Middlesex County Gateway to Theater Grant 2,000.00 2,000.00 0.00Middlesex County Nutrition Program 6,000.00 6,000.00 0.00Middlesex County Recycling Enhancement Grant 15,000.00 15,000.00 0.00Municipal Alliance Special Project Grant FY 2019 6,000.00 6,000.00Recycling Tonnage Grant 160,563.29 160,563.29 0.00Allstate Foundation Helping Hands Grant 1,000.00 1,000.00 1,000.00 1,000.00 0.00Bulletproof Vest Partnership Grant 19,099.02 19,099.02BYRNE Grant (JAG) 24,592.00 24,592.00 0.00Distracted Driving Crackdown 220.00 6,600.00 6,600.00 220.00 0.00Edward Byrne Grant-Local Soliciation 11,740.00 11,740.00Hazardous Discharge Site Remediation Municiapl Grant 64,088.00 64,088.00 0.00Highway Safety Fund Grant 82,796.41 39,494.13 77,676.41 5,120.00 39,494.13Jewish Renaissance Foundation Grant 4,146.52 4,146.52Middlesex County LINCS 3,000.00 3,000.00 0.00Middlesex County Strengthening Families Grant 5,000.00 5,000.00 0.00Municipal Alliance 4,137.17 85,447.00 79,566.59 10,017.58Municipal Alliance Competitive RFA Grant 5,000.00 5,000.00 0.00

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Grant Balance Jan. 1, 2018 2018 Budget Revenue Realized Received Canceled Other Balance

Dec. 31, 2018Other Grant Receivable

DescriptionMunicipal Alliance Youth Service Commission 700.00 700.00 0.00NJ DOD-Community Planning Assistance Grant 32,789.00 32,789.00 0.00NJ DOT-Edison Train Station Grant 450,000.00 450,000.00NJDOT-New Dover Road Resurfacing 75,916.43 75,916.43Pedestrian Education & Enforcement Grant 23,849.12 23,849.12 0.00US Assistance to Firefighters Grant-FEMA 48,486.85 48,486.85 0.00Walmart Grant 500.00 500.00Total 857,060.52 552,544.07 670,650.94 120,164.97 0.00 618,788.68

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SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Transferred from 2018 Budget AppropriationsGrant Balance

Jan. 1, 2018 Budget Appropriation by 40A:4-87

Expended Cancelled Other Balance Dec. 31 2018

Other Grant Receivable Description

Alcohol Education & Rehabilitation Fund

2,029.41 2,029.41

Allstate Foundation Helping Grant 1,000.00 1,000.00 2,000.00 0.00Attorney General Body Worn Camera Program

62,500.00 62,500.00 0.00

Body Armor Fund 28,432.15 19,263.48 9,168.67Bullet Vest Partnership Grant 310.70 310.70 0.00Cablevision Public Education Government Access Grant

40,000.00 40,000.00

CJ Joint Insurances Fund-Safety Incentive

16,250.00 16,250.00 0.00

Clean Communities Grant 297,150.81 166,404.65 138,872.12 60.73 324,622.61Conservation Resources Inc. 25,068.92 25,068.92Discretionary Aid-New Dover Road Resurfacing

144,286.59 144,286.59

Dismal Swamp Stewardship Contribution

50,000.00 50,000.00

Distracted Driving Crackdown Grant 220.00 6,600.00 6,600.00 220.00 0.00Drive Sober or Get Pull Over Grant 4,465.00 5,500.00 5,500.00 4,465.00 0.00Drunk Driving Enforcement Fund 38,944.28 7,150.00 31,794.28EMA/Bridges Teen Experiential Theater Art Grant

2,500.00 2,500.00

Empire Recycling-Edison Enviro Commission

854.81 854.81

Enhanced 9-1-1 Equipment 10,220.05 10,220.05Enhanced 9-1-1General Assistance Grant

12,258.16 12,258.16

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Exxon Mobil Corporation Grant 1,717.55 37.44 1,680.11H Mart Grant 10,000.00 5,000.00 5,000.00Hazardous Discharge Site Remediation Municipal Grant

64,832.91 64,832.91

Hepatities B Inoculation Grant 823.73 312.08 83.00 1,105.40 1,534.05 Refund FLU Vaccine From GlaxoSmithKline

Highway Safety Fund Grant 3,159.06 39,494.13 38,061.00 3,159.06 1,433.13Influenza A-H1N1 Grant 10,691.58 8,000.00 2,691.58Investors Foundation Grant 5,000.00 5,000.00Jewish Renaissance Foundation Grant

6,526.05 6,526.05

JP Morgan Fire Prevention Grant 2,500.00 2,499.54 0.46 0.00Keep Middlesex Moving 5,902.00 5,902.00Local Law Enforcement Block Grant 4,309.75 4,309.75 0.00MCIA Recycling Grant 46,035.00 46,035.00Middlesex County Art Grant 8,787.50 7,500.00 1,610.74 14,676.76Middlesex County Cultural & Heritage Commission

2,100.00 2,100.00 0.00

Middlesex County Gateway to Theater Raw Grant

1,900.00 2,000.00 3,900.00

Middlesex County Nutrition Program

13,317.34 6,000.00 7,263.40 25.89 12,028.05

Middlesex County Oak Crest Swim Club Grant

9,053.50 9,053.50

Middlesex County Quality of Life Grant

4,976.21 4,976.21

Middlesex County Recycling Enhancement Grant

15,000.00 15,000.00

Middlesex County Sustainable Growth Shelter

2,339.91 2,339.91

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Middlesex Pedestrian Bike Grant 7,943.37 7,943.37Municipal Alliance 3,902.85 85,447.00 88,656.18 693.67Municipal Alliance Competitive RFA Grant

5,000.00 5,000.00

Municipal Alliance Special Project Grant-FY 2019

6,000.00 6,000.00 0.00

NJ DOD Community Planning Assistance

32,788.30 32,788.30 0.00

NJ DOT-Edison Train Station Grant 450,000.00 450,000.00NJ-Municipalk Aid -Talmadge Road Resurfacing

150,000.00 150,000.00

Pandemic Flu Grant 5,271.36 5,271.36Pedestrian Education and Enforcement Grant

34,910.00 34,910.00 0.00

Recycling Tonnage Grant 219,856.05 160,563.29 284,438.60 66.80 95,913.94Safe and Secure Communities Grant 8,617.28 8,617.28Smart Growth Cross Acceptance Grant

38,819.16 38,819.16

Talmadge Road Resurfacing 2016 202,500.00 202,500.00Target Strengthening Families Grant 2,000.00 2,000.00US Assistance to Firefighters Grant-FEMA 2010

54,174.78 54,174.78 0.00

Walmart Grant 3,010.49 924.70 2,085.79Total 2,108,221.61 352,539.42 200,004.65 687,062.54 150,551.21 1,105.40 1,824,257.33

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SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS


Jan. 1, 2018 Budget Appropriation By 40A:4-87

Receipts Grants Receivable Other Balance Dec. 31, 2018


Local Law Enforcement Block Grant 686.62 -686.62 0.00 CancelledMCIA Recycling Grant 46,035.00 46,035.00 0.00Middlesex County Art Grant 563.00 563.00 0.00Recycling Tonage Grant 160,563.29 160,563.29 0.00Total 207,847.91 207,161.29 0.00 0.00 0.00 -686.62 0.00

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LOCAL DISTRICT SCHOOL TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable # xxxxxxxxxx 9,441,654.00 School Tax Deferred(Not in excess of 50% of Levy - 2017 -2018) xxxxxxxxxx 0.00Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxxLevy Calendar Year 2018 xxxxxxxxxx 217,507,074.00Paid 217,507,074.00 xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable # 9,441,654.00 xxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy -2018 -2019) 0.00 xxxxxxxxxxPrepaid Ending Balance xxxxxxxxxx

226,948,728.00 226,948,728.00

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 TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx

2018 Levy xxxxxxxxxx

Added and Omitted Levy xxxxxxxxxx

Interest Earned xxxxxxxxxx

Expenditures xxxxxxxxxx

Balance December 31, 2018 0.00 xxxxxxxxxx

0.00 0.00

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REGIONAL SCHOOL TAXDebit 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 0.00Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxxLevy Calendar Year 2018 xxxxxxxxxxPaid xxxxxxxxxxBalance 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 xxxxxxxxxxPrepaid Ending Balance xxxxxxxxxx

0.00 0.00

Amount Deferred during Year# Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAXDebit 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 0.00Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxxLevy Calendar Year 2018 xxxxxxxxxxPaid xxxxxxxxxxBalance 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 xxxxxxxxxxPrepaid Ending Balance xxxxxxxxxx

0.00 0.00

Amount Deferred during year# Must include unpaid requisitions

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COUNTY TAXES PAYABLE

Debit CreditBalance January 1, 2018 xxxxxxxxxx xxxxxxxxxx County Taxes xxxxxxxxxx 0.00 Due County for Added and Omitted Taxes xxxxxxxxxx 0.002018 Levy xxxxxxxxxx xxxxxxxxxxGeneral County xxxxxxxxxx 60,760,057.00County Library xxxxxxxxxxCounty Health xxxxxxxxxxCounty Open Space Preservation xxxxxxxxxx 4,966,176.05Due County for Added and Omitted Taxes xxxxxxxxxx 519,850.66Paid 66,246,083.71 xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx County Taxes 0.00 xxxxxxxxxx Due County for Added and Omitted Taxes 0.00 xxxxxxxxxx

66,246,083.71 66,246,083.71

Paid for Regular County Levies 65,726,233.05Paid for Added and Omitted Taxes 519,850.66

SPECIAL DISTRICT TAXES

Debit CreditBalance January 1, 2018 xxxxxxxxxx 0.002018Levy (List Each Type of District Tax Separately – see Footnote)

xxxxxxxxxx xxxxxxxxxx

Edison Township Special Garbage District 80003-07 xxxxxxxxxx 9,983,575.88Total 2018 Levy xxxxxxxxxx 9,983,575.88Paid 9,983,575.88 xxxxxxxxxxBalance December 31, 2018 0.00 xxxxxxxxxx

9,983,575.88 9,983,575.88

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

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STATEMENT OF GENERAL BUDGET REVENUES 2018

Source Budget -01 Realized -02Excess or Deficit -03

Surplus Anticipated 9,250,359.18 9,250,359.18 0.00Surplus Anticipated with Prior Written Consent of Director of Local GovernmentAdopted Budget 35,385,686.65 34,404,287.93 -981,398.72Added by N.J.S.A. 40A:4-87 200,004.65 200,004.65 0.00Total Miscellaneous Revenue Anticipated 35,585,691.30 34,604,292.58 -981,398.72Receipts from Delinquent Taxes 164,957.20 164,957.20

Amount to be Raised by Taxation: xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx (a) Local Tax for Municipal Purposes 87,869,133.53 xxxxxxxxxx xxxxxxxxxx (b) Addition to Local District School Tax xxxxxxxxxx xxxxxxxxxx (c) Minimum Library Tax 5,471,564.00 xxxxxxxxxx xxxxxxxxxxCounty Only: Total Raised by Taxation xxxxxxxxxx xxxxxxxxxxTotal Amount to be Raised by Taxation 93,340,697.53 96,476,625.18 3,135,927.65

138,176,748.01 140,496,234.14 2,319,486.13

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit CreditCurrent Taxes Realized in Cash xxxxxxxxxx 388,561,713.20Amount to be Raised by Taxation: xxxxxxxxxx xxxxxxxxxx Local District School Tax 217,507,074.00 xxxxxxxxxx Regional School Tax xxxxxxxxxx Regional High School Tax xxxxxxxxxx County Taxes 65,726,233.05 xxxxxxxxxx Due County for Added and Omitted Taxes 519,850.66 xxxxxxxxxx Special District Taxes 9,983,575.88 xxxxxxxxxx Municipal Open Space Tax xxxxxxxxxxReserve for Uncollected Taxes xxxxxxxxxx 1,651,645.57Deficit in Required Collection of Current Taxes (or) xxxxxxxxxxBalance for Support of Municipal Budget (or) 96,476,625.18 xxxxxxxxxx*Excess Non-Budget Revenue (see footnote) xxxxxxxxxx*Deficit Non-Budget Revenue (see footnote) xxxxxxxxxx

390,213,358.77 390,213,358.77

* 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.

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STATEMENT OF GENERAL BUDGET REVENUES 2018MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S.A. 40A:4-87

Source Budget Realized Excess or (Deficit)The All State Foundation Grant 1,000.00 1,000.00 0.00Clean Community Grant 166,404.65 166,404.65 0.00Middlesex County Recycling Enhancement Grant 15,000.00 15,000.00 0.00Distracted Driving Crackdown Grant 6,600.00 6,600.00 0.00Investors Foundation Grant 5,000.00 5,000.00 0.00Municipal Alliance Special Project Grant 6,000.00 6,000.00 0.00TOTAL 200,004.65 200,004.65 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: Nicholas Fargo

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STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2018

2018 Budget as Adopted 137,976,743.362018 Budget - Added by N.J.S.A. 40A:4-87 200,004.65Appropriated for 2018 (Budget Statement Item 9) 138,176,748.01 Appropriated for 2018 Emergency Appropriation (Budget Statement Item 9) 1,201,000.00Total General Appropriations (Budget Statement Item 9) 139,377,748.01Add: Overexpenditures (see footnote) 0.00Total Appropriations and Overexpenditures 139,377,748.01

Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] 128,299,270.30 Paid or Charged - Reserve for Uncollected Taxes 1,651,645.57 Reserved 9,420,606.38Total Expenditures 139,371,522.25Unexpended Balances Cancelled (see footnote) 6,225.76

FOOTNOTES - RE: OVEREXPENDITURESEvery 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 AuthorizationsDeduct Expenditures: Paid or Charged ReservedTotal Expenditures

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RESULTS OF 2018 OPERATIONCURRENT FUND

Debit CreditPrior Years State Appeals and County Judgement 6,559.69Credit Card Charges 141.98Cancelation of Reserves for Federal and State Grants (Credit) 150,668.69Cancellation of Federal and State Grants Receivable (Debit) 118,944.97Deferred School Tax Revenue: Balance December 31, CY 0.00Deferred School Tax Revenue: Balance January 1, CY 0.00Deficit in Anticipated Revenues: Delinquent Tax CollectionsDeficit in Anticipated Revenues: Miscellaneous Revenues Anticipated 981,398.72Deficit in Anticipated Revenues: Required Collection of Current Taxes 0.00Due Landfill ClosureExcess of Anticipated Revenues: Delinquent Tax Collections 164,957.20Excess of Anticipated Revenues: Miscellaneous Revenues AnticipatedExcess of Anticipated Revenues: Required Collection of Current Taxes 3,135,927.65Interfund Advances Originating in CY (Debit) 23,279.94Miscellaneous Revenue Not Anticipated 446,144.28Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed PropertyPrior Year 100% Tax Exempt 11,954.38Prior Year Account Payable Cancelled 9,324.21Prior Year Voided Checks 1,745.73Prior Years Interfunds Returned in CY (Credit)Refund Duplicate payment to 2015 Pension RetroRefund of Prior Year Revenue (Debit)Reserve for Payroll 2,192.75Sale of Municipal Assets (Credit)Vetern Deductions Disallowed - Prior Year Taxes (Debit) 5,000.00Statutory Excess in Reserve for Dog Fund Expenditures (Credit)Unexpended Balances of CY Budget Appropriations 6,225.76Unexpended Balances of PY Appropriation Reserves (Credit) 3,676,111.36Surplus Balance 6,441,632.45 xxxxxxxxxxDeficit Balance xxxxxxxxxx

7,591,104.88 7,591,104.88

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SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED

Source Amount RealizedPrior years Stale Checks 34,483.16Township Auction Proceeds 61,303.88Prior Years Uncollected Revenues & Refunds 16,561.00RFP Bid Submission 5,000.00Administration Fee-Sr. & Vet Reimbursements 7,281.84Cooperative Housing Inspection Fees 44,025.00Culver Bus Shelter Franchise Fees 5,588.80Durgavine Kenmore Donation 2,000.00Tax Lien Premium Escheats 70,701.44Health Charge Income 4,150.13Homestead Mail Reimbursement 6,088.20Mercy 9 JFK Ambulance 3,122.22Misecellaneous 13,078.98NJ Turnpike Contributions-Calls Response 2,360.00NJS Motor Vehicle Inspection 1,010.00Police Brass Cartridges Recycling 840.42CJJIF 2018 Meeting Attendance 1,350.00Reserve for Recycling 29,126.92Sale of Abandoned Vehicles 35,375.00Solar Renewable Energy Credits 40,617.00Statuory Excess Due Current-Dog Trust 51,597.66Vending Machine Commission 3,861.60Verizon Annual Franchise Fee 6,621.03Total Amount of Miscellaneous Revenues Not Anticipated $446,144.28

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SURPLUS – CURRENT FUNDYEAR 2018

Debit CreditBalance January 1, CY (Credit) 11,971,508.93Amount Appropriated in the CY Budget - Cash 9,250,359.18Amount Appropriated in the CY Budget - with Prior Written Consent of Director of Local Government ServicesExcess Resulting from CY Operations 6,441,632.45Miscellaneous Revenue Not Anticipated: Payments in Lieu of Taxes on Real Property (Credit)Special Emergency Note Sale PremiumSurplus Balance - To SurplusBalance December 31, 2018 9,162,782.20 xxxxxxxxxx

18,413,141.38 18,413,141.38

ANALYSIS OF BALANCE DECEMBER 31, 2018(FROM CURRENT FUND – TRIAL BALANCE)

Cash 45,240,911.45Investments

Sub-Total 45,240,911.45Deduct Cash Liabilities Marked with “C” on Trial Balance 39,282,329.25Cash Surplus 5,958,582.20Deficit in Cash SurplusOther Assets Pledged to SurplusDue from State of N.J. Senior Citizens and Veterans Deduction 0.00Deferred Charges # 3,204,200.00Cash Deficit 0.00

Total Other Assets 3,204,200.00

9,162,782.20

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(FOR MUNICIPALITIES ONLY)CURRENT TAXES – 2018 LEVY

1. Amount of Levy as per Duplicate (Analysis) # $376,643,940.33 or (Abstract of Ratables) $

2. Amount of Levy Special District Taxes $9,876,494.983. Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et. seq. $26,277.724. Amount Levied for Added Taxes under $3,058,558.21

N.J.S.A. 54:4-63.1 et. seq.5a. Subtotal 2018 Levy $389,605,271.245b. Reductions due to tax appeals ** $5c. Total 2018 Tax Levy $389,605,271.246. Transferred to Tax Title Liens $151,493.957. Transferred to Foreclosed Property $8. Remitted, Abated or Canceled $880,289.249. Discount Allowed $10. Collected in Cash: In 2017 $27,645,560.66

In 2018* $357,765,351.07Homestead Benefit Revenue $2,727,546.67State's Share of 2018 Senior Citizens and Veterans Deductions Allowed $423,254.80Total to Line 14 $388,561,713.20

11. Total Credits $389,593,496.39

12. Amount Outstanding December 31, 2018 $11,774.8513. Percentage of Cash Collections to Total 2018 Levy,

(Item 10 divided by Item 5c) is 99.7321

Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale? Yes

14. Calculation of Current Taxes Realized in Cash:Total of Line 10 $388,561,713.20Less: Reserve for Tax Appeals Pending $ State Division of Tax AppealsTo Current Taxes Realized in Cash $388,561,713.20

Note A: In showing the above percentage the following should be noted:Where Item 5 shows $389,605,271.24, and Item 10 shows $388,561,713.20, the percentage represented by the cash collections would be $388,561,713.20 / $389,605,271.24 or 99.7321. The correct percentage to be shown as Item 13 is 99.7321%.

# 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)

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ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99To 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 SaleTotal of Line 10 Collected in Cash……………………………………………... 388,561,713.20LESS: Proceeds from Accelerated Tax Sale…………………………………… 868,561.72 NET Cash Collected……………………………………………………. 387,693,151.48Line 5c Total 2018 Tax Levy…………… 389,605,271.24Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is…………………………………….. 1.00

(2)Utilizing Tax Levy SaleTotal 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……………………………………

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SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEYFOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

Debit Credit1 Balance Jan 1, CY: Due From State of New

Jersey (Debit)17,549.75

1 Balance Jan 1, CY: Due To State of New Jersey (Credit)

0.00

2 Sr. Citizens Deductions Per Tax Billings (Debit)

87,250.00

3 Veterans Deductions Per Tax Billings (Debit)

375,500.00

4 Sr. Citizen & Veterans Deductions Allowed by Collector (Debit)

5 Sr Citizens Deductions Allowed By Tax Collector – Prior Years (Debit)

7 Sr. Citizen & Veterans Deductions Disallowed by Collector (Credit)

39,495.20

8 Vetern Deductions Disallowed By Tax Collector PY Taxes (Credit)

5,000.00

9 Received in Cash from State (Credit) 464,091.79Balance December 31, 2018 28,287.24

508,586.99 508,586.99

Calculation of Amount to be included on Sheet 22, Item 10- 2018 Senior Citizens and Veterans Deductions Allowed

Line 2 87,250.00Line 3 375,500.00Line 4Sub-Total 462,750.00Less: Line 7 39,495.20To Item 10 423,254.80

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SCHEDULE OF RESERVE FOR TAX APPEALS PENDING(N.J.S.A. 54:3-27)

Debit CreditBalance January 1, 2018 xxxxxxxxxx 4,031,578.64 Taxes Pending Appeals 4,031,578.64 xxxxxxxxxx xxxxxxxxxx Interest Earned on Taxes Pending Appeals 0.00 xxxxxxxxxx xxxxxxxxxxContested Amount of 2018 Taxes Collected which are Pending State Appeal xxxxxxxxxxInterest Earned on Taxes Pending State Appeals xxxxxxxxxxBudget Appropriation xxxxxxxxxx 2,000,000.00Cash Paid to Appellants (Including 5% Interest from Date of Payment 1,558,853.07 xxxxxxxxxxClosed to Results of Operations (Portion of Appeal won by Municipality, including Interest) xxxxxxxxxx

Balance December 31, 2018 4,472,725.57 xxxxxxxxxx Taxes Pending Appeals* 4,472,725.57 xxxxxxxxxx xxxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxxx

6,031,578.64 6,031,578.64

*Includes State Tax Court and County Board of TaxationAppeals Not Adjusted by December 31, 2018

Lina VallejoSignature of Tax Collector

T-1624 3/1/2018License # Date

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SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENSDebit Credit

1. Balance January 1, 2018 1,232,550.96 xxxxxxxxxxA. Taxes 46,885.30 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 1,185,665.66 xxxxxxxxxx xxxxxxxxxx

2. CancelledA. Taxes xxxxxxxxxxB. Tax Title Liens xxxxxxxxxx

3. Transferred to Foreclosed Tax Title Liens:A. Taxes xxxxxxxxxx 5,668.55B. Tax Title Liens xxxxxxxxxx

4. Added Taxes 5,499.54 xxxxxxxxxx5. Added Tax Title Liens xxxxxxxxxx6. Adjustment between Taxes (Other than current year)

A. Taxes - Transfers to Tax Title Liens xxxxxxxxxxB. Tax Title Liens - Transfers from Taxes xxxxxxxxxx

7. Balance Before Cash Payments xxxxxxxxxx 1,232,381.958. Totals 1,238,050.50 1,238,050.509. Collected: xxxxxxxxxx 164,957.20

A. Taxes 35,351.03 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 129,606.17 xxxxxxxxxx xxxxxxxxxx

10. Interest and Costs - 2018 Tax Sale 6,000.09 xxxxxxxxxx11. 2018 Taxes Transferred to Liens 151,493.95 xxxxxxxxxx12. 2018 Taxes 11,774.85 xxxxxxxxxx13. Balance December 31, 2018 xxxxxxxxxx 1,236,693.64

A. Taxes 23,140.11 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 1,213,553.53 xxxxxxxxxx xxxxxxxxxx

14. Totals 1,401,650.84 1,401,650.8415. Percentage of Cash Collections to

Adjusted Amount Outstanding(Item No. 9 divided by Item No. 7) is 13.3852

16. Item No. 14 multiplied by percentage shown above is 165,533.92 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.

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

Debit CreditBalance January 1, CY (Debit) 3,991,567.99Adjustment 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 3,991,567.99

3,991,567.99 3,991,567.99

CONTRACT SALESDebit Credit

Balance January 1, CY (Debit) 0.00Collected * (Credit)CY Sales from Foreclosed Property (Debit)Balance December 31, 2018 xxxxxxxxxx

MORTGAGE SALESDebit Credit

Balance January 1, CY (Debit) 0.00Collected * (Credit)CY Sales from Foreclosed Property (Debit)Balance December 31, 2018 xxxxxxxxxx

Analysis of Sale of Property: $0.00*Total Cash Collected in 2018Realized in 2018 BudgetTo Results of Operation 0.00

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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

2018Balance as at Dec. 31, 2018

Animal Control Fund $0.00 $ $ $Capital - $0.00 $ $ $Trust Assessment $0.00 $ $ $Trust Other $0.00 $ $ $

Subtotal Current Fund $0.00 $ $ $Subtotal Trust Fund $0.00 $ $ $Subtotal Capital Fund $0.00 $ $ $

Total Deferred Charges $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$

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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 2018Date 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

10/24/2018Contractual Required Severance Liabilities 1,201,000.00 1,201,000.00

12/22/2014Fund Contractually Required Severance Liabilities 578,000.00 115,600.00 231,200.00 115,600.00 115,600.00



12/20/2017Fund Contractually Required Severance Liabilities 1,380,000.00 276,000.00 1,380,000.00 276,000.00 1,104,000.00

Totals 4,703,000.00 700,400.00 2,703,600.00 700,400.00 0.00 3,204,200.00

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and are recorded on this page.

Nicholas FargoChief 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.

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N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS/BRIDGES BY SNOW, ICE, FROST OR FLOODN.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES

Reduced in 2018Date 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.

Nicholas FargoChief 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.

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SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2019 DEBT SERVICE FOR BONDS

MUNICIPAL GENERAL CAPITAL BONDS

Debit Credit 2019 Debt ServiceOutstanding January 1, CY (Credit) 37,885,911.20Cancelled (Debit)Issued (Credit)Paid (Debit) 5,522,731.65Outstanding Dec. 31, 2018 32,363,179.55 xxxxxxxxxx

37,885,911.20 37,885,911.202019 Bond Maturities – General Capital Bonds $5,743,385.982019 Interest on Bonds 1,294,080.38

ASSESSMENT SERIAL BONDSOutstanding January 1, CY (Credit) 0.00Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Bond Maturities – General Capital Bonds $2019 Interest on Bonds

LIST OF BONDS ISSUED DURING 2018Purpose 2019 Maturity Amount Issued Date of

IssueInterest

Rate

Total

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SCHEDULE OF LOANS ISSUED AND OUTSTANDING

AND 2019 DEBT SERVICE FOR LOANSMUNICIPAL GREEN ACRES TRUST LOAN

Debit Credit 2019 Debt ServiceIssued (Credit)Outstanding Dec. 31,2018 xxxxxxxxxxx

2019 Loan Maturities $2019 Interest on Loans $Total 2019 Debt Service for Loan $

GREEN ACRES TRUST LOANOutstanding January 1, CY (Credit) 397,256.85Issued (Credit)Paid (Debit) 185,363.29Outstanding Dec. 31,2018 211,893.56 xxxxxxxxxx

397,256.85 397,256.852019 Loan Maturities $83,507.652019 Interest on Loans $3,609.42Total 2019 Debt Service for Loan $87,117.07

LIST OF LOANS ISSUED DURING 2018Purpose 2019 Maturity Amount Issued Date of

IssueInterest

Rate

Total

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SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2018 DEBT SERVICE FOR LOANS

NJ Enviromental Infrastructure Trust LoanDebit Credit 2019 Debt Service

Outstanding January 1, 2018 1,190,683.17Issued

Paid 185,196.70Outstanding December 31, 2018 1,005,486.472019 Loan Maturities 190,363.482019 Interest on Loans 27,281.25Total 2019 Debt Service for Loan 217,644.73

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SCHEDULE OF BONDS ISSUED AND OUTSTANDING

AND 2019 DEBT SERVICE FOR BONDSTYPE I SCHOOL TERM BONDS

Debit Credit 2019 Debt ServiceOutstanding January 1, CY (Credit) 0.00Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Bond Maturities – Term Bonds $2019 Interest on Bonds $

TYPE I SCHOOL SERIAL BONDOutstanding January 1, CY (Credit) 0.00Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Interest on Bonds2019 Bond Maturities – Serial BondsTotal “Interest on Bonds – Type 1 School Debt Service”

LIST OF BONDS ISSUED DURING 2018Purpose 2019 Maturity -01 Amount Issued -02 Date of

IssueInterest

Rate

Total

2019 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLYOutstanding

Dec. 31, 20182019 Interest Requirement

$ $

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DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

2019 Budget RequirementTitle or Purpose of Issue Original Amount

IssuedOriginal Date of

Issue

Amount of Note Outstanding

Dec. 31, 2018Date of Maturity Rate of Interest For Principal For Interest

Interest Computed to (Insert Date)

Various Capital Improvements 4,210,000.00 2/8/2018 4,210,000.00 2/8/2019 0.03 126,300.00 2/8/2019Various Capital Improvements 7,000,000.00 2/8/2018 7,000,000.00 2/8/2019 0.03 210,000.00 2/8/2019Accqusition of A Warehouse Building 1,710,000.00 6/27/2017 1,710,000.00 2/8/2019 0.03 51,300.00 2/8/2019General Refunding Tax Appeals-2015 12,175,000.00 3/19/2015 6,085,000.00 2/8/2019 0.02 2,030,000.00 136,912.50 2/8/2019Various Capital Improvements 4,274,500.00 4/11/2014 3,995,042.00 2/8/2019 0.03 139,729.00 119,851.26 2/8/2019Various Capital Improvements 11,371,899.00 2/13/2015 10,889,630.00 2/8/2019 0.03 482,269.00 326,688.90 2/8/2019Various Capital Improvements 3,333,330.00 2/11/2016 3,157,328.00 2/8/2019 0.03 176,002.00 94,719.84 2/8/2019Various Capital Improvements 10,925,000.00 2/11/2016 10,413,000.00 2/8/2019 0.03 512,000.00 312,390.00 2/8/2019Various Capital Improvements 8,290,000.00 6/27/2017 8,290,000.00 2/8/2019 0.03 248,700.00 2/8/2019

63,289,729.00 xxxxxxxxxx 55,750,000.00 xxxxxxxxxx xxxxxxxxxx 3,340,000.00 1,626,862.50 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 2016 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.

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DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES2019 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


xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Assessment Notes with an original date of issue of December 31, 2016 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)

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SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

2019 Budget RequirementPurpose Amount of Obligation Outstanding Dec. 31, 2018 For Principal For Interest/Fees

Leases approved by LFB after July 1, 2007

SubtotalLeases approved by LFB prior to July 1, 2007

SubtotalTotal

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SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

Balance – January 1, 2018 Balance – December 31, 2018IMPROVEMENTSSpecify each authorization by purpose.

Do not merely designate by a code number

Funded Unfunded2018

Authorizations

Refunds, Transfers, &

EncumbrancesExpended Authorizations

Canceled Funded Unfunded

Ord#12-1813General Refunding Bonds of 2012-Tax Appeals

19,720.24 12,783.60 6,936.64

Ord#18-2028 Various Capital Improvements

15,000,000.00 750,000.00 14,250,000.00

Ord# 14-1872 Various Capital Improvements

0.00 1,949,355.14 713,371.17 1,235,983.97

Ord# 373 Amboy Ave. Revitalization Project

0.00 109,747.02 109,747.02


0.00 169,359.35 40,110.71 129,248.64

Ord#06-392 Various Stormwater Management Projects

0.00 133,778.31 133,778.31


0.00 567,192.59 142,235.95 424,956.64

Ord#11-1783 General Refunding Bonds of 2011- Tax Appeals

18,247.29 590,000.00 18,247.29 590,000.00


0.00 29,001.02 25,089.41 3,911.61

Ord#13-1845 Various Capital Improvements-Kilmer Facility

0.00 19,001.09 1,710.00 17,291.09

Ord#15-1894 General Refunding Bonds of 2015-Tax Appeals

0.00 27,103.69 27,103.69

Ord#15-1895 Acquisition of Vehicles and Equipment

129.08 0.00 129.08

Ord#15-1899 Repaving and Reconstruction of Various Roads

0.00 21,508.41 21,508.41

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Ord#15-1907 Acquisition of Fire Vehicles and Equipment From Insurance Proceeds

349.31 0.00 349.31


0.00 4,576,099.05 1,807,845.47 2,768,253.58


0.00 8,754,967.14 1,843,352.62 6,911,614.52

Ord#17-1961 Amboy Ave. Parking Deck Feasibility Study

49,400.00 0.00 49,400.00

Ord#17-1972 Acqusition of a Warehouse Building

0.00 1,596,092.50 1,557,331.90 38,760.60


0.00 12,166,902.00 3,246,505.42 8,920,396.58

Ord#384 Amboy Avenue Revitalization Project

0.00 339,000.00 339,000.00

Ord#391 Various Capital Improvement s 0.00 33,006.25 33,006.25Total 68,125.68 31,082,113.56 15,000,000.00 19,720.24 9,411,844.66 0.00 825,062.32 35,933,052.50

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GENERAL CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditBalance January 1, CY (Credit) 14,510.51Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Received from CY Budget Appropriation * (Credit) 750,000.00Appropriated to Finance Improvement Authorizations (Debit) 750,000.00Balance December 31, 2018 14,510.51 xxxxxxxxxx

764,510.51 764,510.51

* 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.

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GENERAL CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditBalance January 1, CY (Credit) 0.00Appropriated 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 2018AND 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

Various Capital Improvements 15,000,000.00 14,250,000.00 750,000.00 750,000.00Total 15,000,000.00 14,250,000.00 750,000.00 750,000.00

NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.

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GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS

YEAR – 2018

Debit CreditBalance January 1, CY (Credit) 305,922.04Appropriated to Finance Improvement Authorizations (Debit)Funded Improvement Authorizations Canceled (Credit) 0.25Miscellaneous - Premium on Sale of Notes (Credit) 732,184.49Appropriated to CY Budget Revenue (Debit) 1,037,486.79Balance December 31, 2018 619.99 xxxxxxxxxx

1,038,106.78 1,038,106.78

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 aCovenant - 2019 Requirement

5. Total of 3 and 4 - Gross Appropriation6. Less Amount of Special Trust Fund to be Used7. Net Appropriation Required

NOTE A - This amount to be supported by confirmation from bank or banksFootnote: 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.

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MUNICIPALITIES ONLYIMPORTANT!

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 389,605,271.242. Amount of Item 1 Collected in 2018 (*) 388,561,713.203. Seventy (70) percent of Item 1 272,723,689.87(*) 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: Yes2. Have payments been made for all bonded obligations or notes due on or before December 31, 2018?Answer YES or NO: YesIf 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 thebudget for the year just ended?Answer YES or NO: No

D.1. Cash Deficit 2017 0.002a. 2017 Tax Levy2b. 4% of 2017 Tax Levy for all purposes:3. Cash Deficit 20184. 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 $0.00 $0.003. Amounts due Special Districts $0.00 $0.00 $0.004. Amounts due School Districts for Local School Tax $ $9,441,654.00 $9,441,654.00

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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 2018,

please observe instructions of Sheet 2.

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Balance Sheet - Sewer Utility Operating Fund AssetsAS OF DECEMBER 31, 2018

2018


Investments:

Accounts Receivable:Consumer Accounts Receivable 1,581.70Sub Total Accounts Receivable 1,581.70

Interfunds Receivable:

Deferred Charges


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Balance Sheet - Sewer Utility Operating Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31, 2018

2018

Liabilities:Reserve for Encumbrances 226,554.83Appropriation Reserves 3,942,406.20Account Payable 118,933.50Sewer Rent Overpayments 106,972.64Accrued Interest on Bonds, Loans and Notes 249,892.84Due to Sewer Capital Fund 4,540,961.47Total Liabilities 9,185,721.48

Fund Balance:Reserve for Consumer Accounts and Lien Receivable 1,581.70Reserve for Lien Foreclosure 5,020.64Fund Balance 9,607,956.46Total Utility Fund 18,800,280.28

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Balance Sheet - Sewer Utility Capital Fund AssetsAS OF DECEMBER 31, 2018

2018


Accounts Receivable:Due from Sewer Operating Fund 4,540,961.47Fixed Capital 14,826,090.55Fixed Capital-Authorized & Uncompleted 2,274,869.45Sub Total Accounts Receivable 21,641,921.47


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Balance Sheet - Sewer Utility Capital Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31, 2018

2018

Liabilities:Improvement Authorizations - Funded 25,528.21Improvement Authorizations - Unfunded 530,286.71Serial Bonds Payable 4,587,014.38Bond Anticipation Notes Payable 7,495,000.00Reserve for Capital Improvement Projects 2,995,415.31Reserve for Encumbrances 1,719,054.14Capital Improvement Fund 509,500.00Reserve for Down Payment on Improvements 400,000.00Reserve for Amortization 3,417,061.46Reserve for Deferred Amortization 537,750.00Total Liabilities 22,216,610.21

Total Liabilities, Reserves & Fund Balance:Capital Surplus 444,218.97Total Liabilities, Reserves and Surplus 22,660,829.18

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Balance Sheet - Sewer Utility Assessment FundAS OF DECEMBER 31, 2018

2018

Assets:

Liabilities and Reserves:

Liabilities, Reserves, and Fund Balance:

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Analysis of Sewer Utility Assessment Trust Cash and InvestmentsPledged to Liabilities and Surplus

ReceiptsTitle of Liability to which Cash and Investments are Pledged

Audit Balance Dec. 31, 2017 Assessments and

Liens Operating Budget Other Disbursements Balance Dec. 31, 2018

Assessment Serial Bond Issues:

Assessment Bond Anticipation NotesTrust Surplus 0.00 0.00Other Liabilities

Trust Surplus

Less Assets “Unfinanced”

Total 0.00 0.00

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Schedule of Sewer Utility Budget - 2018Budget Revenues

Source Budget Received in Cash Excess or DeficitOperating Surplus AnticipatedOperating Surplus Anticipated with Consent of Director of Local Govt. ServicesRents 19,036,650.74 19,793,777.67 757,126.93Miscellaneous Revenue Anticipated

Miscellaneous

Added by N.J.S.A. 40A:4-87: (List)

Subtotal Additional Miscellaneous RevenuesSubtotal 19,036,650.74 19,793,777.67 757,126.93Deficit (General Budget)

19,036,650.74 19,793,777.67 757,126.93

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Statement of Budget Appropriations

AppropriationsAdopted Budget 19,036,650.74Total Appropriations 19,036,650.74Add: Overexpenditures

Total OverexpendituresTotal Appropriations & Overexpenditures 19,036,650.74Deduct ExpendituresPaid or Charged 15,094,244.54Reserved 3,942,406.20Surplus

Total SurplusTotal Expenditure & Surplus 19,036,650.74Unexpended Balance Cancelled 0.00

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Statement of 2018 OperationSewer Utility

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2018 budget year Sewer 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 19,793,777.67Miscellaneous Revenue Not Anticipated 564,224.312017 Appropriation Reserves Canceled 2,003,758.79

Total Revenue Realized 22,361,760.77Expenditures 19,036,650.74Expended Without AppropriationCash Refund of Prior Year's RevenueOverexpenditure of Appropriation ReservesTotal Expenditures 19,036,650.74Less: Deferred Charges Included in Above "Total Expenditures"Total Expenditures - As Adjusted 19,036,650.74

Excess 3,325,110.03Budget Appropriation – Surplus (General Budget)Balance of "Results of 2017 Operation"Remainder= ("Excess in Operations") 3,325,110.03DeficitBalance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance") 0.00

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Section 2:The following Item of 2017 Appropriation Reserves Canceled in 2018 Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the General Budget of 2017 for an Anticipated Deficit in the Sewer Utility for: 2017

2017 Appropriation Reserves Canceled in 2018 2,003,758.79Less: Anticipated Deficit in 2017 Budget - Amount Received and Due from Current Fund - If none, check "None" ☒ *Excess (Revenue Realized) 2,003,758.79

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Results of 2018 Operations – Sewer Utility

Debit CreditPrior Year Check Voided 436.78Deficit in Anticipated RevenueExcess in Anticipated Revenues 757,126.93Interfund Advance ReturnsMiscellaneous Revenue Not Anticipated 564,224.31Operating Deficit - to Trial BalanceRefund of Prior Year RevenuesUnexpended Balances of Appropriations 0.00Unexpended Balances of PY Appropriation Reserves * 2,003,758.79Operating Excess 3,325,546.81Operating DeficitTotal Results of Current Year Operations 3,325,546.81 3,325,546.81

Operating Surplus– Sewer Utility

Debit CreditAmount Appropriated in CY Budget - CashAmount Appropriated in CY Budget with Prior Written Consent of Director of Local Government Services (Debit)Balance January 1, CY (Credit) 6,282,409.65Excess in Results of CY Operations 3,325,546.81Balance December 31, 2018 9,607,956.46Total Operating Surplus 9,607,956.46 9,607,956.46

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Analysis of Balance December 31, 2018(From Utility – Trial Balance)

Cash 18,798,698.58InvestmentsInterfund Accounts ReceivableSubtotal 18,798,698.58Deduct Cash Liabilities Marked with "C" on Trial Balance 9,190,742.12Operating Surplus Cash or (Deficit in Operating Surplus Cash) 9,607,956.46Other Assets Pledged to Operating Surplus*Deferred Charges #Operating Deficit #Total Other Assets

9,607,956.46

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Schedule of Sewer Utility Accounts Receivable

Balance December 31, 2017 17,828.69

Increased by:Rents Levied 19,750,010.32

Decreased by:Collections 19,686,291.17Overpayments applied 79,966.14Transfer to Utility LienOther

19,766,257.31Balance December 31, 2018 1,581.70

Schedule of Sewer Utility Liens

Balance December 31, 2017 48,397.05

Increased by:Transfers from Accounts ReceivablePenalties and CostsOther

Decreased by:Collections 27,520.36Other 20,876.69

48,397.05Balance December 31, 2018 0.00

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Deferred Charges- Mandatory Charges Only -

Sewer Utility Fund(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55)

Caused by Amount Dec. 31, 2017 per Audit Report Amount in 2018 Budget Amount Resulting from 2018 Balance as at Dec. 31, 2018

Total Operating 0.00

Total Capital 0.00

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

Emergency Authorizations Under N.J.S.A. 40A:4-47 Which Have BeenFunded 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

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Schedule of Bonds Issued and Outstandingand 2019 Debt Service for BondsSewer UTILITY ASSESSMENT BONDS

Debit Credit 2019 Debt ServiceIssued (Credit)Outstanding January 1, CY (Credit) 0.00Paid (Debit)Outstanding December 31, 2018

2019 Bond Maturities – Assessment Bonds2019 Interest on Bonds

Sewer Utility Capital BondsDebit Credit 2019 Debt Service

Issued (Credit)Outstanding January 1, CY (Credit) 4,844,344.01Paid (Debit) 257,329.63Outstanding December 31, 2018 4,587,014.38

4,844,344.01 4,844,344.012019 Bond Maturities – Assessment Bonds 265,177.322019 Interest on Bonds 170,069.19

Interest on Bonds – Sewer Utility Budget2019 Interest on Bonds (*Items) 170,069.19Less: Interest Accrued to 12/31/2018 (Trial Balance) 48,777.01Subtotal 121,292.18Add: Interest to be Accrued as of 12/31/2019 45,732.54Required Appropriation 2019 167,024.72

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List of Bonds Issued During 2018Purpose 2019 Maturity Amount Issued Date of Issue Interest Rate

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Schedule of Loans Issued and Outstandingand 2019 Debt Service for Loans

Sewer UTILITY LOAN

Loan Outstanding January 1, 2018 Issued Paid Other

Description Other Debit Other CreditOutstanding

December 31, 2018

Loan Maturities Interest on Loans

Interest on Loans – Sewer Utility Budget

2019Interest on Loans (*Items)Less: Interest Accrued to 12/31/2018 (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/2019Required Appropriation 2019

List of Loans Issued During 2018

Purpose 2019Maturity Amount Issued Date of Issue Interest Rate

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Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)

2019 Budget RequirementTitle or Purpose of the Issue Original Amount


Issue

Amount of Note Outstanding Dec.

31, 2018

Date of Maturity

Rate of Interest For Principal For Interest

Date Interest Computed to

Various Sewer Improvements 7,600,000.00 2/13/2015 7,495,000.00 2/8/2019 0.03 105,000.00 224,850.00 2/8/20197,600,000.00 7,495,000.00 105,000.00 224,850.00

INTERST ON NOTES – Sewer UTILITY BUDGET2019 Interest on Notes 224,850.00Less: Interest Accrued to 12/31/2018 (Trial Balance) 201,115.83Subtotal 23,734.17Add: Interest to be Accrued as of 12/31/2019 265,218.89

Important: If there is more than one utility in the municipality, identify each note.

All notes with an original date of issue of 2016 or prior require one legal payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 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 - 2019 288,953.06

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Debt Service Schedule for Utility Assessment Notes



Issue


31, 2018

Date of Maturity



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, 2016 or prior require one legally payable installment to be budgeted in the 2019 Dedicated Utility Assessment Budget if it is contemplated that such notes will be renewed in 2019 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".

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Schedule of Capital Lease Program Obligations




SubtotalTotal

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Schedule of Improvement Authorizations (Utility Capital Fund)

Balance - January 1, 2018 Balance December 31, 2018IMPROVEMENTSSpecify each authorization by

purpose. Do not merely designate by a code number

Funded Unfunded 2018 Authorizations

Refunds, Transfers and Encumbrances Expended Authorizations


Improvement of Pump Station, Renovation and Upgrade at the West Side,Evergreen & National Road Pump Station 0.00 15,870.17 15,870.17Improvement to Sewer System-2007 4,591.66 300.00 4,591.66 300.00Purchase of vehicles and Equipment-2008 94,341.26 2,800.00 73,404.71 20,936.55 2,800.00Various Sewer Improvements-2014 0.00 4,391,209.97 3,882,357.43 508,852.54Wastewater Collection System-2005 0.00 2,464.00 2,464.00Water and Sewer System Analysis 0.00 3,790.73 3,790.73Total 98,932.92 4,416,434.87 3,959,552.87 25,528.21 530,286.71

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Sewer Utility Capital SurplusSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditAppropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 509,500.00Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Received from CY Budget Appropriation * (Credit)Balance December 31, 2018 509,500.00

509,500.00 509,500.00

Sewer Utility Capital SurplusSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditAppropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 400,000.00Received from CY Budget Appropriation (Credit)Received from CY Emergency Appropriation * (Credit)Balance December 31, 2018 400,000.00

400,000.00 400,000.00


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Utility FundCAPITAL IMPROVEMENTS AUTHORIZED IN 2018

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

UTILITIES ONLY

Purpose Amount Appropriated Total Obligations Authorized


Amount of Down Payment in Budget of 2018 or Prior Years

Sewer Utility Capital FundStatement of Capital Surplus

YEAR 2018

Debit CreditAppropriated to CY Budget Revenue (Debit)Appropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 308,986.25Funded Improvement Authorizations Canceled (Credit)Interest earned 17,357.36Miscellaneous (Credit)Premium on Sale of Bond Anticipation Note 117,875.36Premium on Sale of Bonds (Credit)Balance December 31, 2018 444,218.97

444,218.97 444,218.97

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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 2018,

please observe instructions of Sheet 2.

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Balance Sheet - Water Utility Operating Fund AssetsAS OF DECEMBER 31, 2018

2018

Cash:Cash 26,266.90Sub Total Cash 26,266.90

Investments:

Accounts Receivable:

Interfunds Receivable:

Deferred Charges

Total Assets 26,266.90

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Balance Sheet - Water Utility Operating Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31, 2018

2018

Liabilities:Accrued Interest on Bonds, Loans and Notes 11,803.54Due to Current Fund 51.72Due to Water Utility Capital Fund 14,411.32Total Liabilities 26,266.58

Fund Balance:Fund Balance 0.32Total Utility Fund 26,266.90

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Balance Sheet - Water Utility Capital Fund AssetsAS OF DECEMBER 31, 2018

2018

Cash:CashSub Total Cash 0.00

Accounts Receivable:Fixed Capital 6,978,627.29Due From Water Operating nFund 14,411.32Sub Total Accounts Receivable 6,993,038.61


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Balance Sheet - Water Utility Capital Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31, 2018

2018

Liabilities:Serial Bonds Payable 678,806.05Reserve for Amortization 6,283,653.29Deferred Reserve for Amortization 16,167.95Total Liabilities 6,978,627.29

Total Liabilities, Reserves & Fund Balance:Capital Surplus 14,411.32Total Liabilities, Reserves and Surplus 6,993,038.61

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Balance Sheet - Water Utility Assessment FundAS OF DECEMBER 31, 2018

2018

Assets:

Liabilities and Reserves:

Liabilities, Reserves, and Fund Balance:

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Analysis of Water Utility Assessment Trust Cash and InvestmentsPledged to Liabilities and Surplus

ReceiptsTitle of Liability to which Cash and Investments are Pledged

Audit Balance Dec. 31, 2017 Assessments and

Liens Operating Budget Other Disbursements Balance Dec. 31, 2018

Assessment Serial Bond Issues:

Assessment Bond Anticipation NotesTrust Surplus 0.00 0.00Other Liabilities

Trust Surplus

Less Assets “Unfinanced”

Total 0.00 0.00

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Schedule of Water Utility Budget - 2018Budget Revenues

Source Budget Received in Cash Excess or DeficitOperating Surplus AnticipatedOperating Surplus Anticipated with Consent of Director of Local Govt. ServicesRentsMiscellaneous Revenue Anticipated

Miscellaneous

Added by N.J.S.A. 40A:4-87: (List)

Subtotal Additional Miscellaneous RevenuesSubtotalDeficit (General Budget) 89,316.19 89,316.19 0.00

89,316.19 89,316.19 0.00

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Statement of Budget Appropriations

AppropriationsAdopted Budget 89,316.19Total Appropriations 89,316.19Add: Overexpenditures

Total OverexpendituresTotal Appropriations & Overexpenditures 89,316.19Deduct ExpendituresPaid or Charged 89,316.19SurplusSurplus (General Budget)Total SurplusTotal Expenditure & Surplus 89,316.19Unexpended Balance Cancelled 0.00

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Statement of 2018 OperationWater Utility

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2018 budget year Water Utility Budget contained either an item of revenue “Deficit (General Budget)” or an item of appropriation “Surplus (General Budget)”Section 2 should be filled out in every case.

Section 1:Revenue RealizedMiscellaneous Revenue Not Anticipated 2017 Appropriation Reserves Canceled

Anticipated Revenue-Defit(General Budget) 89,316.19Total Revenue Realized 89,316.19Expenditures 89,316.19Expended Without AppropriationCash Refund of Prior Year's RevenueOverexpenditure of Appropriation ReservesTotal Expenditures 89,316.19Less: Deferred Charges Included in Above "Total Expenditures"Total Expenditures - As Adjusted 89,316.19

ExcessBudget Appropriation – Surplus (General Budget)Balance of "Results of 2017 Operation"Remainder= ("Excess in Operations") 0.00Deficit 0.00Balance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance") -89,316.19

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Section 2:The following Item of 2017 Appropriation Reserves Canceled in 2018 Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the General Budget of 2017 for an Anticipated Deficit in the Water Utility for: 2017

2017 Appropriation Reserves Canceled in 2018Less: Anticipated Deficit in 2017 Budget - Amount Received and Due from Current Fund - If none, check "None" ☐ *Excess (Revenue Realized)

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Results of 2018 Operations – Water Utility

Debit CreditDeficit in Anticipated Revenue 0.00Excess in Anticipated RevenuesMiscellaneous Revenue Not AnticipatedOperating Deficit - to Trial BalanceUnexpended Balances of Appropriations 0.00Unexpended Balances of PY Appropriation Reserves *Operating ExcessOperating DeficitTotal Results of Current Year Operations

Operating Surplus– Water Utility

Debit CreditBalance January 1, CY (Credit) 0.32Amount Appropriated in CY Budget - CashAmount Appropriated in CY Budget with Prior Written Consent of Director of Local Government Services (Debit)Excess in Results of CY OperationsBalance December 31, 2018 0.32Total Operating Surplus 0.32 0.32

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Analysis of Balance December 31, 2018(From Utility – Trial Balance)

Cash 26,266.90InvestmentsInterfund Accounts ReceivableSubtotal 26,266.90Deduct Cash Liabilities Marked with "C" on Trial Balance 26,266.58Operating Surplus Cash or (Deficit in Operating Surplus Cash) 0.32Other Assets Pledged to Operating Surplus*Deferred Charges #Operating Deficit #Total Other Assets

0.32

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Schedule of Water Utility Accounts Receivable

Balance December 31, 2017 0.00

Increased by:Rents Levied

Decreased by:CollectionsOverpayments appliedTransfer to Utility LienOther


Schedule of Water Utility Liens


Increased by:Transfers from Accounts ReceivablePenalties and CostsOther

Decreased by:CollectionsOther


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Deferred Charges- Mandatory Charges Only -

Water Utility Fund(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55)

Caused by Amount Dec. 31, 2017 per Audit Report Amount in 2018 Budget Amount Resulting from 2018 Balance as at Dec. 31, 2018

Total Operating 0.00

Total Capital 0.00

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

Emergency Authorizations Under N.J.S.A. 40A:4-47 Which Have BeenFunded 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

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Schedule of Bonds Issued and Outstandingand 2019 Debt Service for BondsWater UTILITY ASSESSMENT BONDS

Debit Credit 2019 Debt ServiceIssued (Credit)Outstanding January 1, CY (Credit) 0.00Paid (Debit)Outstanding December 31, 2018

2019 Bond Maturities – Assessment Bonds2019 Interest on Bonds

Water Utility Capital BondsDebit Credit 2019 Debt Service

Issued (Credit)Outstanding January 1, CY (Credit) 738,744.77Paid (Debit) 59,938.72Outstanding December 31, 2018 678,806.05

738,744.77 738,744.772019 Bond Maturities – Assessment Bonds 61,437.192019 Interest on Bonds 28,328.54

Interest on Bonds – Water Utility Budget2019 Interest on Bonds (*Items) 28,328.54Less: Interest Accrued to 12/31/2018 (Trial Balance) 11,803.54Subtotal 16,525.00Add: Interest to be Accrued as of 12/31/2019 10,779.59Required Appropriation 2019 27,304.59

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List of Bonds Issued During 2018Purpose 2019 Maturity Amount Issued Date of Issue Interest Rate

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Schedule of Loans Issued and Outstandingand 2019 Debt Service for Loans

Water UTILITY LOAN

Loan Outstanding January 1, 2018 Issued Paid Other

Description Other Debit Other CreditOutstanding

December 31, 2018

Loan Maturities Interest on Loans

Interest on Loans – Water Utility Budget

2019Interest on Loans (*Items)Less: Interest Accrued to 12/31/2018 (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/2019Required Appropriation 2019

List of Loans Issued During 2018

Purpose 2019Maturity Amount Issued Date of Issue Interest Rate

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Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)

2019 Budget RequirementTitle or Purpose of the Issue Original Amount


Issue


31, 2018

Date of Maturity


Date Interest Computed to

INTERST ON NOTES – Water UTILITY BUDGET2019 Interest on NotesLess: Interest Accrued to 12/31/2018 (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/2019

Important: If there is more than one utility in the municipality, identify each note.

All notes with an original date of issue of 2016 or prior require one legal payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 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 - 2019

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Debt Service Schedule for Utility Assessment Notes



Issue


31, 2018

Date of Maturity



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, 2016 or prior require one legally payable installment to be budgeted in the 2019 Dedicated Utility Assessment Budget if it is contemplated that such notes will be renewed in 2019 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".

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Schedule of Capital Lease Program Obligations




SubtotalTotal

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Schedule of Improvement Authorizations (Utility Capital Fund)

Balance - January 1, 2018 Balance December 31, 2018IMPROVEMENTSSpecify each authorization by

purpose. Do not merely designate by a code number

Funded Unfunded 2018 Authorizations

Refunds, Transfers and Encumbrances Expended Authorizations


Total 0.00 0.00

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Water Utility Capital SurplusSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditAppropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 0.00Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Received from CY Budget Appropriation * (Credit)Balance December 31, 2018

Water Utility Capital SurplusSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditAppropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 0.00Received from CY Budget Appropriation (Credit)Received from CY Emergency Appropriation * (Credit)Balance December 31, 2018


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Utility FundCAPITAL IMPROVEMENTS AUTHORIZED IN 2018

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

UTILITIES ONLY

Purpose Amount Appropriated Total Obligations Authorized


Amount of Down Payment in Budget of 2018 or Prior Years

Water Utility Capital FundStatement of Capital Surplus

YEAR 2018

Debit CreditAppropriated to CY Budget Revenue (Debit)Appropriated to Finance Improvement Authorizations (Debit)Balance January 1, CY (Credit) 14,411.32Funded Improvement Authorizations Canceled (Credit)Miscellaneous (Credit)Premium on Sale of Bonds (Credit)Balance December 31, 2018 14,411.32

14,411.32 14,411.32

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annual financial statement for the year 2018 ......county of middlesex and that the statements...

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