annual financial statement for the year 2019
TRANSCRIPT
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2019(UNAUDITED)
POPULATION LAST CENSUS . 20,936NET VALUATION TAXABLE 2Cll9 z,asa-,o:>a,goo
MUNICODE 1533FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:
COUNTIES -JANUARY 26, 2020MUNIC?PALITIES - FEBRUARY 10, 2020
ANNUAL F?NANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTESANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMAT?ON REQUIRED PRIOR TOCERTIF?CATION OF BUDGETS BY THE DIRECTOR OF THE DMSION OF LOCAL GOVERNMENTSERVICES.
TOWNSHIP BARNEGAT
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.00 NOT USE THESE SPACES
of , County of OCEAN
I hereby cert?% that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a arecomplete, were computed by me and can be supported upon demand by a register orother detailed analysis.
Signature }omL@bamega}.nel
Title Chief Financial Officer
(T his MllST be sianed bv Chief Financial Oker, Comptroller. Auditor or Reqistered Municipal Accoun}an(. )
REQulRED CERTIFICAT?ON BY THE CHIEF F?NANCIAL OFFICER:
l hereby cer(ify tha( l am responsible for filing this verified Annual Financial Statemem, (whk.h l havs prepared) or??it-h ' "*sis *hl oran*pd? leliminaits psal
'74 and information required also included herein and }ha} jhis Statement is anexact copy of the original on file with the clerk of }he governing body, that all calculations, extensions and additionsare corrsct, that no (ransfers have been made to or from emergency appropria(ions and all s}a}ements con(ained hereinare in pvoof; l further cerkify that this stalemen} is correct insofar as I can de}ermine from all (he books and recordskept and maintained in the Local unit.
Fudher, l do hereby ceriify(hal 1, THOMAS LOMBARSKI ,am (he Chief FinancialOfficer, License # N-0462 -, of the TOWNSHIP of
BARNEGAT . County -of OCEAN and that the
statements annexed hereki and made a par} hereof are rrue statemenlffi'or (he financial condition of the Local unit as a!Oecember 31, 2019, completely in compliance wi}h N.J.S. 40A:5-12. as amended. l also give complets assurance asto the veracity of required infomiaiion included herein, needed prior }o cer}ifica(ion by ths Direc}or of Local Governmsn(Services, including the verifica}ion of cash balances as of December 31 , 2019.
Signature
Title
Address
Phone Number
Fax Number
(omL@barnegaLne(
CHIEF FiNANClAL OFFICER
900 W. BAY AVE. BARNEGAT, NJ 08005
609-698-0080
609-698-3806
IT IS HEREBY INCuMBENT UPON THE CHIEF FINANC?AL OFFICER, WHEN NOT PREPAREDBY SAID, AT A M?NIMUM MUST REVIEW THE CONTENTS OF THIS ANNuAL FINANCIALSTATEMENT WITH THE PREPARER, SO AS TO BE FAMIL?AR WITH THE REPRESENTATIONSAND ASSERTIONS MADE HEREIN.
Sheet 1
Date Examined By:
1 Preliminary Check
2 Examined
THE REQUIRED CERTIFiCATiON BY AN RMA IS AS FOLLOWS:
Preoaration bv Reaistered Municipal Account (Statement of Statutoy Auditor Only)
l have prepared the post-closing trial balances, related statement and analyses included in theaccompanying Annual Financial Statement from the books of account and records madeavailable to me by the TOWNSHIP of BARNEGAT
as of December 31, 2019 andhaveappliedcertainagreed-uponprocedurest6ereonaspromulgated by the Division of Local Government Services, solely to assist the Chief FinancialOfficer in connection with the filing of the Annual Financial Statement for the year thenended as required by N.J.S. 404:5-f2, as amended.
Because the agreed-upon procedures do not constitute an examination of accounts made inaccordance with generally accepted auditing standards, I do not express an opinion on any ofthe post-closing trial balances, related statements and analyses. In connection with theagreed-upori procedures, (except for circumstances as set forth below, no matters) or(no matters) [eliminate one? came to my attention that caused me to believe that the AnnualFinancialStatementfortheyearended Dec.31,2019isnotinsubstantialcompliancewiththerequirements of the State of New Jersey, Department of Community Affairs, Division of LocalGovernment Services. Had I performed additional procedures or had l made an examinationof the financial statements in accordance with generally accepted auditing standards, othermatters might have come to my attention that would have been reported to the governingbody and Division. This Annual Financial Statement relates only to the accounts anditems prescribed by the Division and does not extend to the financial statements of themunicipality/county taken as a whole.
Listing of agreed-upon procedures not performed and/or matters coming to my attention ofwhich the Director should be informed:
NO ENTRY
(Registered Municipal Accountam)
(Firm Name)
(Address)
Certified by me
this day ,2020(Address)
(Phone Number)
(Fax Number)
Sheet 1a
MUNICIPAL BUDGET LOCAL EXAMINATION QUAL?FICATION CERTIFICAT?ONBY
CHIEF FINANCIAL OFFICER
One of the following Certifications must be signed by the Chief Financial Officer ifyour municipality /s eligible for local examination.
Sheet 1b
l
CERTIFCATION OF QUALIFYNG MUNICIPALITY
1 . The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2. All emergenc!es approved fOr he prev!ouS fiSCal Jear did nOt OXCOOd 3 % Of tOtalappropriations;
3. The tax collection rate exceeded 90%;
4. Total defened charges did not equal or exceed 4% of the total tax levy;
5. There vvere no "procedural deficiencies" noted by the regis(ered municipalaccountan( on Sheet 1a of the Annual Financial Statement: and
6. There was no operating defk,it for the previous fiscal year.
7. The municipality did not conduct an accelerated tax sale for less than 3 consecutiveyears.
8. The municipality did not conduct a tax levy sale the previous fiscal year and doesnot plan to conduct one in the current year.
9. The curren} year budget does not contain a Levy or Appropriation "CAP" waiver. '
10. The municipality has not applied for Transitional Aid for 2020
The undersigned cedifies that this munici alitv has comolied in full in meetin ALL of theabove criteria in determining its qualification for Iocal examination of its Budget in accordancewith N.J.A. C. 5:30-7.5.
Municipality: TOWNSHIPOFBARNEGAT
ChiefFinancial Officer: THOMAS LOMBARSKI
Signature: tomL barneat.ne(
Certificate#: N-0452
Date: 2/5/2020
CERTIFICATION OF NON-QUALIFYING MUNICIPALTY
The undersigned certifies that this munici alit does not meet item slof the criteria above and (herefore does not aualifv for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality: TOWNSHIPOFBARNEGAT
Chief Financial Officer:
8ignature:
Certificate #:
Date:
21-6001267
Fed 1.D. #
TOWNSHIP OF BARNEGAT
Municipality
OCEAN
County
Report of Federal and State Financial Assistance
Expenditures of Awards
FiscalYearEnding: December31,2019
(1)Federal programs
Expended(administered by
the state)
(2)
State
ProgramsExpended
(3)
Other Federal
ProgramsExpended
TOTAL $ 26,777.00 s 218,415.00 $
Type of Audit required by Title 2 U.S Code of Federal Regulations
(CFR) (Uniform Requirements) and OMB 15-08.
Single Audit
Program Specific Audit
X Financial Statement Audit Performed in Accordance
With Government Auditing Standards (Yellow Book)
Note: All local governments, who are recipients of federal and state awards (financial assistance), mustreport !he total amount of federal and sta}e funds expended during its fiscal year and (he type of auditrequired to comply with Title 2 U.S Code of Federal Regulations(CFR) OMB 15-08. (UniformGuidance) and OMB 15-08. The single audit threshold has been been increased to $750,000beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 u.s. Code ofFederal Regulations (CFR) (Uniform Guidance).
(1 ) Report expenditures from federal pass-through programs received directly from state governmen(Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance(CFDA) number reported in the State's granUcontract agreements.
(2) Report expenditures from state programs received directly from state government or indirectly frompass-through enti(ies. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.} since thereare no compliance requirements.
(3) Report expenditures from federal programs received directly from the federal government or indirectlyfrom entities other than state government.
[email protected]}ure of Chief Financial Officer
2/5/2020
Date
Sheet 1c
IMPORTANT !
READ INSTRUCTIONS
INSTRUCTIONS
The following certification is to be used ONLY in the event there is NO municipality
operated utility.
If there is a utility operated by the municipality of if a "utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTIL?TY sheets from the
document.
CERTIFICATION
I hereby certify that there was no "u(ility fund? on the books of account and there was no
utility owned and operated by the TOWNSHIP of BARNEGAT
County of OCEAN during the year 2019 and that sheets 40 (o 68 are unnecessary.
I have therefore removed from this statement the sheets per(aining only to utilities.
Name
Title
(This must be signed by the Chief Financial Office, Comptroller, Auditor or Registered
Municipal Account.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index" sheet (the Iast sheet
in the statement) in order to provide a pro(ective cover sheet to the back of the document.
MtJN{C{PAL CERTlF{CAanON OF TAXABLE PROPERTY AS OF OCTOBER 1, 2019
Certification is hereby made }hat the Net Valuation Taxable of properky liable to taxation for
the tax year 2020 and filed with the County Board of Taxation on January 10, 2020 in accordance
with the requiremen} of N.J.S.A 54:4-35, was in the amount of $ 2,452,073,900.00
[email protected] OF TAX ASSESSOR
TOWNSHIP OF BARNEGAT
MuNIClPALITY
OCEAN
COUNTY
Sheet 2
NOTE THAT A TR[AL BALANCE IS REQUIRED AND NOT A BAIANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUNDAS AT DECEA4?BER 31, 2019
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Matked With a'C"-Taxes Receivable Must Be Subtotaled
11 11IF 12,?lir ir11 s-0.lf
11 ...ifir II11 ir
ffil 'irzog,gga.oo( 11
-lplll iotz,i-go.,+d(11 2,427,340.00 11II ir11 IIir ?r
it <rlplir irir irir IIir 'irir IIir irIf 11ir 11II 11ir irir nir ]lir irir II11 irir 1111 ir'lQj
(Do not crowd - add additional sheets)Sheet 3
Title of Account Debit
CASH
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR C?TIZENS
CHANGE FUND
FEDERAL EMERGENCY MANAGEMENT RECEIVABLE
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR
CURRENT
SUBTOTAL
TAX TITLE LIENS RECEIVABLE
PROPERTY ACOUIRED FOR TAXES
CONTRACT SALES RECEIVABLE
MORTGAGE SALES RECEIVABLE
REVENUE ACCOUNTS RECEIVABLE
DUE FROM GENERAL CAPITAL FUND
DUE FROM PAYROLL FUND
DuE FROM OTHER TRUST FUND
rl
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55)
DEFIC?T
page totals
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BAl..ANCE 81
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)AS AT DECEMBER 31,2019
Cash LiabiNkies Must Be Subtotaled and Subtotal Must Be Marked XAth "C"-Taxes Receivable Must Be Subtotaled
Credit
1
ll
ll
I
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Sheet 3a
Title of Account
TOTALS FROM PAGE 3
APPROPR?ATION RESERVES
ENCUMBRANCES PAYABLE
ACCOUNTS PAYABLE
TAX OVERPAYMENTS
PREPAID TAXES
1 ,831 ,698 06
709,523.76
11 ,233 84
120,977.78
708,222.15
DUE TO STATE:
MARRIAGE LICENSE
DCA TRAINING FEES
725.00
13,332.00
LOCAL SCHOOL TAX PAYABLE
REGIONAL SCHOOL TAX PAYABLE
REGIONAL H.S.TAX PAYABLE
COUNTY TAX PAYABLE
DUE COUNTY - ADDED & OMMITTED
SPECIAL D?STRICT TAX PAYABLE
RESERVE FOR TAX APPEAL
RESE:RVE FOR MASTER PLAN UPDATE
RESERVE FOR HURRICANE DAMAGE
RESERVE FOR REVALUATION
RESERVE FOR STORM & SNOW REMOVAL
RESERVE FOR INSURANCE
RESERVE FOR SALE OF MUN?CIPAL ASSETS
DuE TO FEDERAL AND STATE GRANT FUND
12,630.03
210,157.42
8,124.04
42,E314.57
22,505.83
30,000.00
355,769.10
i5.00
79,067.51
4,156,796.09PAGE TOTAL
Debit 1116,313,398.52 ]
]]]]]]]l]]li11111111111111111111Il[[
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mHHIHHI7[
NOTE THAT A TRIAL BALANCE IS REQU[RED AND NOT A BALANCE SHEET
POST CLOSING
TRIAL BALANCE - CURRENT FUND (CONT'D)AS AT DECEMBER 31,2019
Cash LiabiHties Must Be Subtotaled and Subtotal Must Be Marked With f< - Taxes Receivable Must Be Subtotaled
it:(iIrrr
I
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Sheet 3a.l
Title of Account Credit
TOTALS FROM PAGE 3a 4,156,796.09
4,156,796.09 "C"SUBTOTAL
4,211,444.64RESERVE FOR RECEIVABLES
DEFERRED SCHOOL TAX
DEFERRED SCHOOL TAX PAYABLE
FUND BALANCE
6,474,126.01
7,945, 1 57.79
22,787,524.53TOTALS
Debit
16,313,398 52
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1111
POST CLOSING
TRIAL BALANCE - PUBLIC ASSISTANCE FUNDACCOUNTS #l AND #2 *
AS AT DECEMBER 31,2019
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(Do not crowd - add additional sheets)"To be ptepared in compliance wi(h Depar}men! of Human Servioes Municipal Audi} Guide.
Public Weklare, Geneial Assistance Ptogram.
TOTALS
Title of Account Credit
Sheet 4
Debit l
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II
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POST CLOSING TRIAL BALANCE
FEDERAL AND STATE GRANTS
AS AT DECEMBF.R 31,2019
APPROPRIATED RESERVES
UNAPPROPRIATED RESERVES
ENCUMBRANCES PAYABLE
DUE FROM/TO CURRENT FuND
CASH
GRANTS RECEIVABLE
DUE FROM CURRENT FUND
TOTALS
Title of Account
1111
111111
1111111111
(Do not crowd - add additional sheets)
108,056.94
Credit
B0,447.48
27,609.46
Sheet s
3
28,989.43
ThmH
HIIHmHHmIIIHHH]m
HHm
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11
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POST CLOSING
TRIAL BALANCE-TRUST FUNDS
(Assessment Section Must Be Separately Stated)AS AT DECEMBER 31,2019
LOSAP TRUST FUND
CASH
FUNDS HELD BY TRUSTEE
RESERVE FOR LOSAP PROGRAM
PAYROLL FUND
CASH
DUE TO CURRENT FUND
PAYROLL DEDuCTlONS PAYABLE
MuNICIPAL OPEN SPACE TRUST FUND
CASH
ASSESSMENT TRUST FUND
CASH
DUE TO -
DOG TRUST FUND
CASH
DuE TO -
DUE TO STATE OF NJ
RESERVE FOR DOG FUND
FUND TOTALS
FUND TOTALS
FUND TOTALS
RESERVE FOR:
FUND TOTALS
Title of Account
(Do not crowd - add additional sheets)Sheet 6
Credit
16.20
416.78
432.98
11,382.92
105,096.61
116,479.53
617.536.79
617,536.79
Debit 11
11
11432.98 11
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116,479.53 11111111
116,479.53 11'
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POST CLOSING
TRIAL BALANCE-TRUST FUNDS (CONT'D)(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2019
I11
11il111111
11II11II
OTHER TRUST FUNDS PAGE TOTAL 11(Do not crowd - add additional sheets)
OTHER TRUST FUNDS
CASH
DUE TO CURRENT FuND
MlSCELLANEOuS RESERVES
CDBG TRUST FUND
CASH
DUE TO -
FUND TOTALS
Title of Account Credit
2,468.07
8, 180,124.43
8,182,592.50
Sheet 6.1
311
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8,182,592.50
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POST CLOSING
TRIAL BALANCE-TRUST FUNDS (CONT'D)(Assessment Section Must Be Separately Stated)
AS AT DF,CEMBER 31, 2019
Title of Account Credit
Previous Totals
OTHER TRUST FUNDS (continued)
TOTALS
(Do not crowd - add additional sheets)
s,ts;>,sgz.so
8,182,592.50
Sheet 6. TOTALS
Debit
iiiii 8,182,592.50
SCHEDULE OF TRUST FUND RESERVIES
?
Affordable Housing
Escrow Deposits
Municipal Alliance
Open Space
Parking Offenses Adjudication Act
Premiums Received a} Tax Sale
Public Defender
Recreation Program Trust
Sick Leave Trust
Special Law Enforcement
Third Party Tax Title Lien Redemption
Tax Map Assessment
Recreation Assessment
Drainage Assessment
Water Tap Assessment-Inspections
Bulkhead Inspections
Tree Planting
Street Openings
Outside Police Special Duty
Curbing and Road Inspections
Sidewalk Assessment
Fire Safety Penalties
Amount
Dec. 31 , 2018
per Audit
?
60,492.21
4,760,895.69
745.11
193,438.49
214.61
723,358.00
43,542.33
40,670.26
150,329.23
14,181.13
6,684.61
52,935.95
66,799.87
591 ,562.26
4,650.00
4,500.00
65,045.08
75,225.00
26,396.99
10,875.00
10,150.34
1829.23
?
185,211.11
2,174,141.i6
238,482.61
4.00
928,500.00
17,330.00
101695.00
ioo,ooo.oo
39,727.86
657,105.50
13,500.00
67,700.00
1 ,350.00
500.00
g,ooo.oo
125,587.02
3,000.00
Disbursements
35,168.70
1 ,236,562.26
141,125.17
892,700.00
21,300.00
12,484.11
121,647.78
18,722.29
658,705.19
2,925.00
8,099.50
1,350.00
500.00
1,125.00
12,000.00
130,024.72
1,375.00
416.50
Balance
as at
Dec. 31, 2019
210,534.62
5,698,474.59
745.11
290,795.93
218.61
759158.00
39,572.33
38,881.15
128,681.45
35,186.70
5,084.92
63,510.95
66,799.87
651,162.76
4,650.00
4,500.00
63,920.08
72,225.00
21,959.29
12,500.00
io,*so.s<
1,412.73
PAGE TOTAL $ 6,904,521.39 $ 4.571,834.26 $ 3,296,231.22 $ 8,180,124.43
Sheet 6b
SCHEDULE OF TRUST FUND RESERVES (CONT'D)
?
PREVIOL?S PAGE TOTAL
PAGE TOTAL
8,180,124.43
$ 6,904,521.39 $ 4,571,834.26 s 3,296,231.22 $ 8,180,124.43
Sheet 6b TOTAL
Amount
Dec. 31, 2018per Audit?
6,904,521.39
?
4,571,834.26
Balance
as at
Disbursements Dec.312Cll9
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POST CLOSING
TRIAL BALANCE-GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2019
Title of Account Credit
Est. Proceeds Bonds and Notes Authorized
Bonds and Notes Authorized but Not Issued
PAGE TOTALS
DUE TO - CURRENT FuND
DUE FROM -
DuE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
UNFUNDED
CASH
1111
1111
111111
(Do not crowd - add additional shee-ts)
XXXXXXXXX
14,250,000.00
221 .69
r<,zso,zzi .69
Sheet 8
Debit 1114,250,000.00
XXXXXXXXX
124,748.50
1
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9,320,775.22 ]14,250,000.00 ]
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37,945,523.72
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POST CLOSING
TRIAL BALANCE-GENERAL CAPITAL FUND
AS AT DECEMBER 31,2019
Title of Account Credi(
PREVIOUS PAGE TOTALS
CAPITAL FUND BALANCE
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND
DOWN PAYMENTS ON IMPROVEMENTS
ENCUMBRANCES PAYABLE
IMPROVEMENT AUTHORIZATIONS:
FUNDED
UNFuNDED
RESERVE FOR CAPITAL PROJECTS
BOND ANTIC?PATION NOTES PAYABLE
GENERAL SERIAL BONDS
TYPE 1 SCHOOL BONDS
LOANS PAYABLE
CAPITAL LEASES PAYABLE
11111111
1111
(Do not crowd - add additional sheets)
14,250,221.69
9,302,000.00
18,775.22
838,043.61
12,537,413.52
409,825.33
585,600.00
3,644.35
37,945,523.72
Sheet 8.1
Debi( I
37,945,523.72
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CASH RECONCILIATION DECEMBER 31, 2019
l
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Cash Book
Balance
trIlrl
Current
Grant Fund
Trust - Dog License
Trust - Assessment
Trus( - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Payroll Fund
General Capital
12,027,292.45
432 98
8,182,592.50
116,479.53
124,748 50
UTIL?TIES:
VVaterlSewer Operating
WaterlSewer Capital
2,390,180.27
805, 167.35
23,646,893 58Total
' Include Deposi}s In Transi}
" Be siire }o include a Public Aasis(ance Accouni neconcilla}ion and }rial balance 4 (he municipali}y maintains such a bank account.
RF.QUIRED CERTIFICATIONl hereby cer}ify iha} all amoums shown in the ?Cash on Deposi(? column on Shee} 9 and 9(a) have been verined wi}h }he
applicable bank sta}emenis. cedifica}es, agyeemenks oy passbooks at Decembei 31 , 2019.
l also certify tha} all .amounis, :} any, shown (OT lrivestments in Savings and loan Associa}ions on airy }rial balance have
been verified wi(h }he applk.able passbook aI December 31 , 2Cll9.
All ?Ceriifica}es of Deoosits': Reourchase Aareemein}s? and o}her inveisimen}s must bs reporked as cash and included in
this cmification.
(THIS MUST BE SIGNED BY THE REGISTERED MuNICIPAL ACCOUNTANT (STATUTORY AUDITORI ORCHIEF FINANC?AL OFFICER> depending on who prepared this Annual Financial Sta!emen( as car}iffed to on Shee} j ot j(a).
Signature: [email protected]( Title: CHIEF F?NANCIAL OFFICER
Sheet 9
l CashLess Checks
Outstandingl "On Hand a] 4,540.96 [ 8,070.87
] m] Th]
mllI
nI 28,681 .63 75,819.70i 1 ,376.95 9,629.61Th
l l[ 4,394.50
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m21ill 23,708,595.10 iOl388.71
CASH RECONCILIATION DECEMBER 31, 2019 (cont'd)LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
irIfirir11irliIfirirIIirIIIIirIIII11irirIIIf'ir11irIIirII?i1111irIIiril11'ir11li
CURRENT FUND
T.D. BANK
Curren} Account - 1234664004
Tax Collections - 4262749654
Tax Charge - 0036083216
NJ Cash Management - 917'l
12,008,000.44
21,899.96
519.25
402.71
GENERAL CAPITAL FUND
General Capital Fund - 7864842443 129,143.00
TRUST FuND
Developers )Escrovv 11 Trust Other - 0023002891
Tax Title Lien Redemption - 9800201916
Affordable Housing - 0036331058
Special Law Enforcement - 4258013287720
Developers Escrow - 40217
Developers E:scrow checking - 6855072143
2,240,747.14
39,787.95
210,534.62
:"i,:zoo.is
5,698,872.02
4,588.69
ANIMAL CONTROL TRUST FUND
Dog Trust - 002006234 432.98
PAYROLL FUND
Payroll - '1251050504
Flexible Spending - 4269462895
124,690.96
41.23
WATER SEWER OPERATING
Wa}er Sewer Checking - 1260144604
Water Sewer Collections - 4287643245
Water Sewer Charge - 0036083402
WATER SEWER CAPITAL
Water Sevver Capital - 7864842435
2,383,267.74
4,758.92
539.99
805,167.35
PAGE TOTAL
Note: Sections N.J.S. 40A:4-61 , 40A:4-62 and 40A:4-63 of the Local Budget Law require thatseparate bank accounAs be maintained for each allocated fund.
Sheet 9a
CASH RECONCILIAT?ON DECEMBER 31, 2019 (cont'd)LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
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PREVIOUS PAGE TOTAL 23,708,595. 10
23,708,595.10TOTAL PAGE
Note: Sec(ions N.J.S. 40A:4-al , 40A:4-62 and 40A.4-63 of the Local Budget Law require thatseparate bank accounts be maintained for each allocated fund.
Sheet 9a TOTAL
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*LOCAL DISTRICT SCHOOL TAX
Credit
Balance - January 1 , 2019
School Tax Payable # 85001-001chool ax eferred
(Not in excess of 50% of Levy - 2018 - 2019) 85002-001
Levy School Year July 1 , 2019 - June 30, 2020
Levy Calendar Year 2019
Paid
Balance-December31,2019
School Tax Payable # 85003-00ichool Tax L)eterred
(Not in excess of 50% of Levy - 2019 - 2020) 85004-01
" No( including Type 1 school deb( service, emergency au(horizations-schools, transfer (oEloayd of Education fot use of local schools
# Must include unpaid requisitloiis.
XXXXXXXXXX
12,630.03
6,474,126.01
33,250,078.00
xxxxxxxxxx
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
39,736,834.04
MUNICIPAL OPEN SPACE TAX
Balance - January 1, 2019
2Cll9 Levy
Interest Earned
Expenditures
Balance - December 31, 2C)19
# Mus( include unpaid requisi}ions.
85045-001
85046-00i
Credit
238,402.69
XXXXXXXXXX
XXXXXXXXXX
238,402.69
Sheet 13
g ll
XXXXXXXXXXX l
XXXXXXXXXXX l
XXX)aXXXX)a l
xxxxxxxxxxx l
' 33,250,078.00 l
xxxxxxxxxxx l
12,630.03 l
6,474,126.01
l
: 39,736,834 04 l11
Debit ilXXXXXXXXX)a l
l
XXX)aXXXXXX ll
xxXXXXXX)aX l11
238,402.69 ll
l
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REGIONAL SCHOOL TAX(Provide a separate statement for each Regional District involved)
Credi}
Balance-January1,2019
School Tax Payable #-S(.-11-001 ?
(Not in excess of 50% of Levy - 2018 - 2019)
Levy School Year July 1 , 2019 - June 30, 2020
LevyCalendarYear20l9
Paid
Balance-December31,2019
School Tax Payable #School Tax De-fmed
(Not in excess of 50% of Levy - 2019 - 2020)
# Mus( include unpaid requisi}ions.
85033-001ffl
XXXXXXXXXX
xxxxxxxx)a
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
REGIONAL HIGH SCHOOL TAX
Balance - January 1 , 2019
School Tax Payable #TSchool Tax Dederred
(Not in excess of 50% of Levy - 2018 - 2019)
Levy School Year July 1, 201 9 - June 30, 2020
LevyCalendarYear20l9
Paid
Balance-December31,2019
School Tax Payable #-S6Fi6o-l Tix DefiiFe'd
(Not in excess of 50% of Levy - 2019 - 2020)
# Mus} include unpaid rsquisijions.
85043-001s
Credit
xX)oaxxxxx
XXXXXXXXXX
xxxxX)OaXx
XXXXXXXXXX
XXXXXXXXXX
Sheet 14
Debit lxxxxxxxxxxx I
XXXXXXXXXXX I
XXXXXXX)aXX I
XXXXXXXXXXX l
XXXXXXXXXXX ll
XXXXXXXXXXX ll
l
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XXXXXXXXXXX l
XXXXXXXXXXX l
XXXXXXXXXXX l
X)aXXXXXXXX l
XXXXXXXXXXX ll
XXXXXXXXXXX ll
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COUNTY TAXES PAYABLE
Credit
Balance-Januaryl20l9
County Taxes
Due County for Added and Omitted Taxes
20l9Levy :
General County
County Library
County Health
County Open Space Preservation
Due County for Added and Omitted Taxes
Paid
Balance-December31,2019
County Taxes
Due County for Added and Omitted Taxes
8,434,666.08
928,795.90
409,445.57
295,957.40
zio,tsz.<z
?XXXXXXXXXX
XXXXXXXXXX
149,804.00
SPECIAL DISTRICT TAXES
Debit Credit
Total 2019 Levy
Paid
Balance - December :31, 2019
Balance - January 1 , 2019 ffi0003?061r -xx-xxx-xx-xxx-x- T2019 Levy: (List Each Type of District Tax Separately - see Footnote) l?l
Fire - ? 11 " XXXXWQXXXX-??'-11'Sewer - 5j l?lWal67 - 81112-0011 lj -x5Garbage - ij e5 l
ir 11 XXXXXXXX)aX 1111 )5l11 11 -X)aXXXXX)aX 11??lsooos-osll 11Qc 11
ir n
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
Footnote: Please state }he number of districts in each instance.
Sheet 15
Debit 11M11
M11M 11
11M 11MiiMl
Ml
MI
M I
m I
MImIThi
liI
STATEMENT OF GENERAL BUDGET REVENUES 2019
Source
Surplus AnticipatedSurplus An!icipated wi}h PT:OT Writlen Consen( of
Direc(or of Local Government
Miscellaneous Revenue Anticipated:
Adop}ed Budge}
Added by N.J.S. 40A:4-87 (List on 17a}
Total Miscellaneous Revenue Anticipated
Receipts from Delinquent Taxes
Amount to be Raised by Taxation:
(a) Local Tax for Municipal Purposes
(b) Addition }o Local Distric( School Tax
(c) Minimum Library Tax
Tolal Amount to be Raised by Taxa(ion
ll Excess or Defici("11 -03
80YO2- I
I
8Cll05- Ij8012J1
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
1 ,289,860.41
1 ,899,002.43
XXXXXXXXX
466,823.94
466,823 94
142,318.08
ALLOCATION OF CURRENT TAX COLLECTIONS
If rCunent Taxes Realized in Cash (To(al of Rem 10 or 14 on Sheei 22) -80108-00 l 65,938,912.88Amount (o be Raised by Taxation I XXXXXXXXX
Local District School Tax XXXXXXXXX
Regional School Tax 80119-001 XXXXXXXXX
Regional High School Tax 80-1-1 0f0e XXXXXXXXX
County Taxes XXXXXXXXX
Due County for Added and Omitted Taxes XXXXXXXXX
Special Distric} Taxes 80113-001 XXXXXXXXX
Municipal Open Space Tax XXXXXXXXX
Reserve for Uncollected Taxes -8i 1,110,172.64
Deficit in Required Collection of Current Taxes (or) iBalance for Suppor( of Municipal Budget (or)
"Excess Non-Budget Revenue (see footnote) 8Thll7-o'a'Deficit Non-Budge( Revenue (see footnote)
in jhe above alloca(ion would apply lo 'aNon-Budgs} Revenue? only.
Debit Credi}
XXXXXXXXX
XXXXXXXXX
Sheet 17
11890,000 00 Th
[HHmXXXXXXXXX iM3,035,375.24 lTh
i oi ,264.24 lTh
ll
3,136,639.48 ln575,000.00 lTh
l l l
XXXXXXXXX XXXXXXXXX l
21,991,721 95 XXXXXX)aX l
XXXXXXXXX l
l XXXXXXXXX l
21,991 ,721 .95 l 23,281 ,582.36 I
I 26,593,361 .43 l 28,492,363.86 I)OOOaXXXX lXXXXXXXXX l
33,250,078.00 Il
l
10,068,864.95 11
210,157.42 1111
Th11M 11Ml
mlI
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STATEMENT OF GENERAL BUDGET REVENUES 2019(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source Excess or [)efici}
l
I
1111111111111111
11PAGE TOTALS
'!' ffere6y'-6erti$ that (he-mbove Iist of Chapter 1 59 insertions of revenue have been realized in cash or l have receivedwritten no(ifiw}ion of (he award of public or private revenue. These insertions meet the s}atutory requirements ofN.J.S.A. 40A:4-87 and ma}ching funds have been provided if applicable.
Alcohol Education Rehabili}ation
Clean Communities Grant
Drunk Driving Enforcement Fund
Driver Sober or Get Pulled Over Year End
NJ OEM 966 grant
Ocean County Tourism
CFO Signature: ([email protected] 17a
Budget Realized l
1,68787 1 ,687.87
50,844.32 50,844.32
26,893 98 26,893.98
5,500.00 5,500.00
15,288.07 15,288.07
1 ,oso.oo 1 ,oso.oo
l]
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21101,264.24 Thl t
STATEMENT OF GENERAL BUDGET REVENUES 2019(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
lIi
111111111111
PAGE TOTALS
I hereby certify that the above list of Chap}er 1 59 insertions of revsnuei have been realized in cash or I have receive:]written no}ification of the award of public or private revenue. These insertions meet the statu}ory requiremen}s ofN.J.S.A. 404:4-87 and ma}ching funds have been provided if applicable.
Source Excess or Defici}
PREVIOUS PAGE TOTALS
CFO Signature: }[email protected] 17a.l
Budget lg l
101,284.24 lTh12lm12MMM
m l
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STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2019
sooie<sooizfo:>1[ 101,264.24
80012-031isooiz-o480012-oai80012-0611mi
ir80012-08 23,610,393.44 I800?el80012-1011 -1-,E33-1,69?I
iJ ,ssz,zep oasoot;-izlj 41,097.39
2019 BudgetasAdopted
2019 Budget - Added by N.J.S. 40A:4-87
Appropriated for 2C)19 (Budget Statement Item 9)
Appropriated for 2Cll9 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Sta(ement Item 9)
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures
Deduct Expenditures'
Paid or Charged [Budget Statement Item (L)]
Pard or Charged - Reserve for Uncollected Taxes
Reserved
Total Expenditures
Unexpended Balances Canceled (see foo}note)
FOOTNOTES - RE: OVEREXPENDITURES
Every appropria}ion overexpended in }he budge} documem must be marked wi}h an ' and mus} agree in the aggregate wRh }his i}em.RE: UNEXPENDED BALANCES CANCELED
ke nor ko be shown as ?Paid or Charged" in }he budget documen}. In all ins}ances ?Total Appropriations? and ?Overexpendiiures?must equal }he sum of ?Total Expenditures? and 'Unexpended Balances Canceled'
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL
DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
2019 Authoriza(ions
NJ.S. 40A:4-46 (Afier adoption of Budpe0
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Au(horizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
IIir1[irir11II'ir
It11]l11111111ir
Sheet 18
RESULTS OF 2019 opERATIoN
CURRENT FUND
Credit
80013-0-180013-02
80013-03
81113f-
81120-
80013-05
;
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14)
Balance-January1,2019 8-0-01 3-071Balance - December 31, 2019 s-or
Deficit in Anticipated Revenues:
Miscellaneous Revenues Anticipated sootsaDelinquent Tax Collections 80013-10 l
800l3ait
1111
111111 xxxxxxxxx
11 XXXXXXXXX
51800-13I14-11 XXXXXXXXX
Excess of Anticipated Revenues:
Miscellaneous Revenues an(icipated
Delinquent Tax Collections
XXXXXX)aX
466,823.94
142,318.08
Required Collection of Current Taxes
Unexpended Balances of 2019 Budget Appropriations
Miscellaneous Revenue Not AnticipatedMiscellaneousRevenue otAnticipated:
Proceeds of Sale of Foreclosed Proper% (Sheei 27)
Payments in Lieu of Taxes on Real Property
Sale of Municipal AsSets
Unexpended Balances of 2018 Appropriation Resenes
Prior Years Interfunds Returned in 20'l9
Cancellation of payables
'I ,289,860.41
<i,097.39
195,253.80
1,775,036.92
2,215.65
40,294.22
XXXXXXXXX
)aXXXXXXX
6,474126.Oi
XXXXXXXXX
XXXXXXXXX
XX)aXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
Required Collection on Current Taxes
Interfund Advances Originating in 2019
Prior Year Seniors Disallowed
Deficit Balance - To Trial Balance (Sheet 3)
Surplus Balance - To Surplus (Sheet 21 )
Sheet 19
Debit 11xxxxxxxxx
XXXXXXXXX
XXXXXXXXX
xxxxxxxxx
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
xxxxxxxxx
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXX)OCXXX
XXXXXXXXX
jl
XXXXX)aXX lXX)OOCXXXX l6,474,126.01 lXXXXXXXXX
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3,500.00 ll
l ll
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SCHEDULE OF MISCELLANEOUS REVENUESNOT ANTICIPATED
Source
Licenses
Tax Collector
Weed Removal
Prior Year Shared Service
Expense Reimbursemen(s/Refunds
Police Reports
OCJIF Dividends
Proceeds from Auction Sales
NJ Fish and Wildlife
NJ DMV Inspection Fines
Miscellaneous
Prior Year Grants
Senior and Vet Administration Fee
Insurance Reimbursements
Premiums over s years
Homestead Mail Reimbursemen}
Refund of Prior Year Expenditures
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
1#irIIIIirIIirIfirIIirIIirIIIIHIIir1111ir
11irIIirIIirirIIir'iririr11l[ 195,253.80
192.25
15,330.34
700.00
1 ,054 69
1,498.32
1 ,404.89
20,935.00
7,650.69
3,947 00
700.00
5,769.42
10,985.67
6,716.41
11,778.87
69,800.00
3,255.60
33,534.65
Sheet 20
SURPLUS - CURRENT FUND
YEAR - 2018
1. Balance-January1,2019 80014-01 ;2.
3. Excess Resulting from 2019 0perations sooi<Iozl4. AmountAppropriatedinthe2019Budget-Cash 80014-;-31s. AmountAppropnatedin2019Budget-withPriorWritten-
Consent of Director of Local Government Services 80014-04
6.
7. Balance-December31,2Cll9 80014?
r
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
8,835,157 79
3,947, 1 84.76
XXXXXXXXX
4,887,973 03
Credit
ANALYSIS OF BALANCE DECEMBER 31, 2019(FROM CURRF,NT FUND - TRIAL BALANCE)
Cash
Investments
Change Fund & Federal Emergency Management Receivable
Sub Total
Deduct Cash Liabilities Marked wi}h ?C? on Trial Balance
Cash Surplus
Deficit in Cash Surplus
Other Assets Pledged to Surplus:"(1 ) Due from Staie of Nj. SeniorCi!izens and Veterans Deduclion
Oeferred Charges #
Cash Deficit #
80014-16 115j80014-13 Ij
IIIIilir
Total Other Assets
" IN THE CASE OF A ?DEFICIT IN CASH SURPLUS?. ?OTHER ASSETS"
WOuLD ALSO BE PLEDGED TO CASH LIABIL?T?ES.
# MAY NOT BE ANT?CIPATED AS NON-CASH SuRPLUS IN 2020 BUDGET.
(1) MAY BE ALLOWED UNDER CERTAIN CONDIT?ONS.
11800:-410ffil180014-071t
1[ 69,154.41
Iisooi<IoJsl <, 156,796.09
iJ 7,939,650.77
80014-1011ir
5,507.02 II!I11II
11II
1180014-1411aooi-,-i4
12,027,292.45
5,507.02
7,945,157.79
NOTE: Deferred charges for au(horizaiions under Nj.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Oamage, etc.), N.J.S.404:4-55. 1 (Roads and Bridges, e(c.) and Nj.S. 40A:4-55.1 3 (Public Exigencies. etc.) to the ex)ent of emergency notes issuedand ou!standing for such purposes, toge}her with such emergency notes, may be omit}ed from }his analysis.
Sheet 21
g l
XX)OaX)OO[ l
XXXXXXXXX l
XXXXXXXXX l
890,000.00 ll
l
7,945, 1 57.79
8,835,1 57.79
(FOR MUNIC?PAL?T?ES ONLY)
CURRENT TAXES - 2019 LEVY
1. AmountofLevyasperDuplicate(Analysis)# 82101-00 $or
(Abstract of Ratables) 82113-00 s
2 Amount of Levy Special Distric} Taxes 82102-00 $
3. Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
4. Amount Levied for.Added Taxes under
N J S.A. 54:4-63.1 et seq.
5a. Subto}al 2019 Levy5b Reductions due to tax appeals "5c. Total20l9TaxLevy
$ 66,929,404.44$
82106-00 $
82103-00 $
82104-00 $
65,560,739.75
1 ,368,664.69
66,929,404.44
6. Transferred to Tax Title Liens
7. Transferred to Foreclosed Property
8. Remitted, Aba}ed or Canceled
9. Discount Allowed
10. CollectedinCash: In20l8
In 2019 "
Homestead Benefit Credi(
State's Share of 2Cll9 Senior Citizensand Veterans Deductions Allowed
Total To Line 14
82121-00 $
82122-00 $
$
82123-00 $
82111-00$
82107-00 s
82108-00 $
82108-00 $
82108-00 $
694,036.80
64,908,610.33
336,265.75
65,938,912.88
137,363.30
143,132.24
11 . Total Credits
12. Amount Outs(anding December 31, 2019
13. Percen{age of Cash Collections to Total 2019 Levy,(ltem 10 divided by Item 5c) is 98.52 %
82112-00
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ??pand camplete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10
Less: Reserve for Tax Appeals PendingS}ate Division of Tax Appeals
To Current Taxes Realized in Cash (Shee} 17)
Note A: In showing }he above percentage the following should be noted:Where Item s shows $1 ,soo,ooo.oo, and l}em 10 shows $1 .049,977.50,the percentage represen}ed by the cash collections would be$1 .049.977.50 divided by $1 .500,000. or .699985. The correc} percen(age tobe shown as 1lem 13 is 69.99% and not 70.00%, nor 69.999%.
# Note: On l(em S if Duplica!e (Analysis) Figure is used; be sure to includeSenior Ci(izens and Ve1erans Deductions.
$
82120-00 $
66,219,408.42
709,996.02
$
$
$
65,938,912.88
65,938,912.88
" Include overpaymeri!s applied ag part of 2019 collections." Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolu}ion of the governing
body prior to imroduc}ion of municipal budgetSheet 22
ACCELERATED TAX SALE / TAX LEVY SALK - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2019
Utilize this shee( only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant toChapter99, P.L. 1997.
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)
LESS' Proceeds from Accelerated Tax Sale
Net Cash Collected
Line 5c (sheet 22) Total 2019 Tax Levy
Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is
$
$
$
65,938,9i2.88
85.938,912.88
66,929,404.44
98.52%
(2) Ut}Iizing 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 2019 Tax Levy
Percentage of Collection Excluding Tax Levy Sale Proceeds(Net Cash Collected divided by Item 5c) is
$
$
$
65,938,912.88
65,938,912.88
66,929,404.44
98.52o/o
Sheet 22a
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY
FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
1 . Balance - January 1 , 2019
Due From State of New Jersey
Due To S}ate of New Jersey
2. Sr. Citizens Deductions Per Tax Billings
3. Veterans Deductions Per Tax Billings
4. Deductions Allowed By Tax Collec}or
s Deduc}ionsAllowedByTaxCollector2018Taxes
6.
7. Deductions Disallowed By Tax Callector
8. Deductions Disallowed By Tax Collector Prior Taxes
9. Received in Cash from State
qo.
11.
12. Balance-December31,2019
Due From State of New Jersey
Due To State of New Jersey
ir II
I
Debit Credit
XXXXXXXXX
xxxxxxx)a
xxxxx)axx
xx)Oaxxxx
XXXXXXXXX
1 ,484.25
3,500.00
335,820.55
XXXXXXXXX
5,507.02
XXXXXXXXX
346,311.82
Calculation of Amoun( to be included on Sheet 22, Item 10 -2019 Senior Citizens and Veterans Deductions Allowed
Line 2
Line 3
Line 4
Sub - To(al
Less: Line 7
To Item 10, Sheet 22
40,500.00
290,750.00
6,500.00
337,750.00
1,484.25
336,265.75
Sheet 23
XXXXXXXXX
8,561.82
XXXXXXXXX
40,500.00
290,750.00
6,500.00
MMMHH
MM
ITh
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -
N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Balance-January1,2019
Taxes Pending Appeals
Interes( Earned on Taxes Pending AppealsCon(ested Amoum of 2019 Taxes Colleded which are
Pending State Appsal (Item 14, Sheet 22)
Interest Earned on Taxes Pending S}ate Appeals
li11
Cash Paid to Appellants (Including 5oA Interest from Date of Payment)Iosed to Results o peration
(Portion of Appeal won by Municipality, includinq Interest)
Balance - December 31, 2019
Taxes Pending Appeals' itInterest Earned on Taxes Pending Appeals ir
' Includes State Tax Court and County Board of TaxationAppeals Not Adjus}ed by December 31, 2019
11l[II11IIir11irIFirirIIli1[
Debit
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXXX
XXXXXXXXX
XXXXXXXXX
irIfirirll11irir1111
IIirilIIII
Credi(
XXXXXXX)a
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
Signature of Tax Collector
License # Date
Sheet 24
SCHEDULE OF DELINQUENT TAXES AND TAX T[TLE LIENS
ir'I. Balance-Januaryl20l9 ir
A. Taxes 813,655.74TB. Tax Title Liens 884,684.55at
;?. Canceled: IIA. Taxes sa-.i os?jjB. Tax Title Liens 83106-0-011
3. Transferred to Foreclosed Tax Title Liens: irA. Taxes 83108-0011B. Tax Title Liens -a.s*oga
4. Added Taxes 8311 0-00lts. Added Tax Title Liens 83111-00116. Adjustment beueen Taxes (Other than curren( year) and Tax Title Liens; 11
A. Taxes - Transfers (o Tax Title Liens aaio<QjB. Tax Title Liens - Transfers from Taxes 83107-00??(1)11.
7. Balance Before Cash Payments 1[8. Totals ir9. Balance Brought Down ir10. Collected' ir
A. Taxes 673,594.861tB. Tax Title Liens as,-i'?a.z-:> lj
11 . Interest and Cos}s - 2C)19 Tax Sale it12. 2019 Taxes Transferted to Liens 83119-001113. 20l9Taxes Qc14. Balance - December 31, 2019 ir
A. Taxes 735,709.59 IIB. Tax Title Liens ,oiz,igo.4
Totals II15.
83121?ssizzfotill-
8311-6-oa831l7fOC))l
83102-OOIf83103-0011
II1 ,698,340.29 lI-
xxxxxxxxx??-TXXXXXXXXX IIxxxxxxxxx-'-llXXXXXXXXX IIXX)aXXXXX 11XXXXXXXXX 11xxxxxxxxx - -1!XXXXXXXXX 11it2,184.00 11
XXXXXXXXX 11xxxxxxxxx II(1)
18,151.:37TXXXXXXXXX IIffil1,603,98jl60 11xxxxxxxxx IIxxxxxxxxx- If5j
18,874.20 11Qizog:g2(5j)aXXXXXXX 11s2,470,218.12 II
Debit Credit
XXXX]aXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
99,695.94
343.75
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
18,151.37
XXXXXXXXX
1 ,603,984.60
1,722,175.66
XXXXXXXXX
717,318.08
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXX)OaXXX
XXXXXXXXX
i,zs:>,goo.o<
XXXXXXXXX
XXXXXXXXX
2,470,218.12
16. Percentage of Cash Collections to Adjus(ed Amount Outstanding(Item No. 10 divided by Item No. 9) is l?
17. Item No. 14 mul(iplied by percemage shown above isjmaximum amount that may be anticipated in 2013.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
7n:3,8'9n.'N(Tjand represents the83125-00
Sheet 26
1. Balance-January1,2019
2. Foreclosed or Deeded in 2019
3. Tax Title Liens
4. Taxes Receivable
5A.
5B.
6. Adjustmen( to Assessed Valuation
7. Adjustmen} to Assessed Valuation
8. Sales
g. Cash '
10. Contract
11. Mortgage
12. Loss on Sales
13. Gain on Sales
14. Balance - December 31, 2019
SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
r
84103-00
:81102-001i84106-001?
84109-00184110-00184l1e84112-00184113-001
Credit
XXXXXXXXX
xxxxxxxxx
xxxxxxxxx
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
xxxxxxxxx
2,427,340.00
2,427,340.00
CONTRACT SALES
15. Balance-January1,20'l9
16. 2019 Sales from Foreclosed Property
17. Collected'
18.
19. Balance - December 31, 2019
ffi8-4116-0(l684118-001
Credit
XXXXXXXXX
XXXXXXXXX
20. Balance - January 1, 2019
21. 2019 Sales from Foreclosed Property
22. Collected"
23.
24. Balance - December 31, 2019
MORTGAGE SALES
If-8412mifflniz;>-ooli84124o
irDebit Credit
XXXXXXXXX
XXXXXXXXX
Analysis of Sale of Properky: $' Total Cash Collected in 2019
Realized in 2019 Budget
To Results of Operation (Shee} 19)
(84125-00)
Sheet 27
2,427,340.00 I
XXXXXXXXX II
ll
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XXXXX)aXX l
XXXXXXXXX
l11
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ll
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lm 1111
DEFERRED CHARGES- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS(Do not include the emergency authorizations pursuant to NJ.S.A.40A:4-55,
N.J.S.A. 40A:4-!5i5.l or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
?Amount
Dec. 31, 2018per Audit?
Amount in
2019
B3?
Amount
Resulting?
Balance
as a}
Dec. 3'l, 2019Emergency Authorization -
Municipal'
Emergency Authorization -Schools
Overexpenditure of Appropriations
TOTAL DEFERRED CHARGES
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
"Do not include items funded or refunded as Iisted below.
EMERGENCY AUTHOR{ZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 oR Nj.S.A. 40A:2-51
Date ? ?
1.
2.
3.
4.
s.
$
$
$
$
$
JUDGMENTS ENTERF,D AGAINST MUNICIPALITY AND NOT SATISFIED
Appropriated forin Budgei of?? On Account of Date Entered ?
1.
2.
3.
4.
$
$
$
$
Sheet 28
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2020 Bond Maturities - General Capital Bonds
2020 Interest on Bonds'
Outstanding - December 31 , 2019
Ou(standing - January 1, 2019
Issued
Paid
SCHEDULE OF BONDS ISSUED AND OUTSTANDiNGAND 2020 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
ir l[80033-oaf XXXXXXXXX iri{ XXXXXXXXX iri5(
ir 11If ir
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Credit2020 Debt
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1,165,000.00
l
ASSESSMENT SERIAL BONDS
iJQ{if
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Issued
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2020 Bond Maturities - Assessment Bonds
2020 Interest on Bonds"
Total ?lnierest on Bonds - Debt SenAce? ("ltems)
80033-12 ll$
XXXXXXXXX
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51$ 210,690.00
LIST OF BONDS ISSUED DURING 2019
Purpose
80033-14 80033-15
Total
Sheet 31
bbW[[IIH[Hl 11[HIIm 11 w
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SCHEDULE OF LOANS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR LOANSGREF,N ACRES TRUST LOAN
Outstanding-January1,2019
Issued
Paid
Refunded
Outstanding - December 31, 2019
2020 Loan Ma}urities
2020 Interes( on Loans
Total 2020 Debt Service for
Outstanding-January1,2019
Issued
Paid
Outstanding - December 31 , 2019
2020 Loan Maturi}ies
2020 Interest on Loans
Total 2020 Debt Service for
80033-01
80033-02
80033-03
80033-04 -
80033-07 l80033-08 laooaal5
80033-10 l
I
LIST OF LOANS ISSUED DURING2019
Purpose
80033-15
Total
80033-14
Sheet 31a
Debit l8 l$Service
X)aXXXXXX lThl
18,775.22
xxxxxxxxx lml
36,994.77 11Ml
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2020 Bond Maturities - Term Bonds
2020 Interest on Bonds
Outstanding - December 31, 2019
Outs(anding-Januaryl20l9
Paid
SCHEDULE OF BONDS ISSUED AND OUTSTANDING
AND 2020 DEBT SERVICE FOR BONDSTYPE I SCHOOL TERM BONDS
1180034-01 II800?f
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To}al "Interest on Bonds - Type l School Debt Service" ("Items)
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Outstanding-January1,2019
Issued
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TYPE I SCHOOL SERIAL BONDS
80034-06 11 IiB00-341071l 'ir80034-08 If 11
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LIST OF BONDS ISSUED DURING 2019
Purpose
Total 80035-
2020 iNTEREST REQUIREMENT - CURRENT FUND DEBT ONLYOutstanding 2020 lmeiest
Dec.31,2019 Requiremen}
1 . Emergency Notes
2. Special Emergency Notes
3. Tax Amicipation No(es
4. Interes} on Unpaid S}ate & Coun}y Taxes
s.
6.
80036- $
80037- $
80038- $
80039- $
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Sheet 32
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GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Appropriated to Finance Improvement Authorizations
Balance - December 31 , 2(M9
Balance-January1,2019
F<eceived from 2019 Budget Appropriation "
Improvement Authorizations Canceled(financed in whole by the Capital lmprovemem Fund)
List by Improvements - Direct Charges Made for Preliminary Cos(s.
90031-01
80031-02
;
s
s
Credit
10,600.00
575,000.00
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
)axxxxxxx
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
585,600.00
'The full amount of the 2Cll9 budget appropriation should be transferred to }his accoun( unless the balance of (heappropriation is to be permitted to Iapse
Sheet 36
gl
IXXXXXXXXX lXXXXXXXXX IXXXXXXXXX l
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GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Balance-January1,2019
Received from 2019 BudgetAppropriation "
Received from 2019 Emergency Appropriation "
Appropriated to Finance Improvement Authorizations
Balance - December 31 2019
soosoloi - l80030-02 l80030-03 l
80030-04 l
80030-05 i
Credi}
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
%%XXKXXXX
'The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of theappropriation is to be permitted to Iapse.
CAP{TAL IMPROVEMENTS AUTHORIZED iN 2019
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
PurposeAmount of Down
Payment in Budge(of 2CY9 or Prior
Years
Total 80032-00 INOTE - Where amount in column ?Down Payment Provided by Ordinance? is LESS than 5% of amoun( in
column "Total Obligations Authorized?, explanation must be made part of or attached to this sheet.
Sheet 37
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nAppropriated l 11
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GENERAL CAPITAL FUND
STATEMENT OF CAP?TAL SURPLUS
YEAR -2019
Balance - January 1, 2019
Premium on Sale of Bonds
Funded Improvement Authorizations Canceled
Appropriated to Firiance Improvement Authorizations
Appropria}ed to 2C)19 Budget Revenue
Balance - December 31, 2019
s
sss
Credit
3,644.35
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
3,644.35
Sheet 38
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MUNICIPALITIES ONLY
IMPORTANT !!
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete
(N.J.S.A. 52:27BB-55 as Amended by Chap. 211, P.L. 1981)
A.
1. TotalTaxLevyfortheYear20l9was
2. AmountofltemlCollectedin20l9(")
3. Seventy (70) percent of Item 1
(') Including prepayments and overpayments applied.
$ 66,929,404.44
$ 65,938,912.88
$ 46,850,583.11
B.
1. Didanymaturitiesofbondedobligationsornotesfalldueduringtheyear2019?
Answer YES or NO YES
2. Have payments been made for all bonded obliga(ions or no(es due on or beforeDecember 31, 2019?
Answer YES or NO YES If answer is ?NO? give details
NOTE: If answer to Item Bl is YES, then Item 82 must be answered
C. Does the appropriation required (o be included in the 2020 budget for the liquidation of all bondedobligations or notes exceed 25% of (he total appropriations for opera(ing purpose in the budget for the yearjust ended?
Answer YES or NO NO
D.
1. Cash Deficit20l8
2. 4% of 2018 Tax Levy for all purposes:Levy - $
3. CashDefici}2019
4. 4% of 2019 Tax Levy for all purposes:Levy-$
$
$
$
$
E. ?
1 . State Taxes $
2. County Taxes $
3. Amounts due Special Districts
$
4. Amoun( due School Distric}s for School Tax
$
Sheet 39
2018
$
$
$
$
2019 ?
$
zio,isz.<:> s 210,157.42
$
12,630.03 $ 12,630.03
UTILITIES ONLY
Note:
If no ?utility fund? existed on the books of account and if no utility wasowned and operated by the municipality during the year 2019, please observeins}ructions of Sheet 2.
Sheet 40
Bonds and Notes Authorized but Not [ssued must be disclosed in this Utility Capi(alSection in the same manner as set forth in General Capi(al Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - WATER/SEWER UTILITY FUNDAS AT DECEMBER 31,2019
Operating and Capital Sections(Separately Stated)
Cash Ljabilibes Must Be Subtotaled and Subtotal Must Be Marked With "C"
li11li
1111
11
(Do not crowd - add additional sheets5
Title of Accoum Credit
Cash
Investments
Cash - Change Fund
Due from - WaterlSewer Utility Capital
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable
Liens Receivable
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves
Encumbrances Payable
Accrued Interest on Bonds and Notes
Dueto-
Reserve for Software Upgrades
WaterlSevver Connection Fees
Utility Ovepayments
300,839.67
140,727.47
44,361.33
2,500.00
51.75
136,786.63
Subtotal - Cash Liabilities
Reserve for Consumer Accounts and Lien Receivable
625,266 85 ?C"
341,464.00
Fund Balance 1 ,765,587.54
2,732,318.39Total
Sheet 41
Debit ]l]
2,390, 180.27 ]]]
674.12 ])]l
341 ,464.00 I
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2,732,318.39
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Bonds and Notes Authorized but Not Issued mus( be disclosed in this Utility CapitalSection in !he same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING
TRIAL BALANCE - WATER/SEWER UTILITY FUND (cont'd)AS AT DECEMBER 31,2019
Operating and Capital Sections(Separa(ely Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked Wrth -Caa
rr
I
(Do not crovvd - add additional sheets)
Title of Accouni Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized
Bonds and Notes Authorized but Not Issued
XXXXXXXXX
1 ,127,426.44
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
1,127,426.44PAGE TOTALS
Sheet 41a
Debit
]]]
1 , 127,426.44 ]XXXXXXXXX ]
]805,167.35 l
llI
20,751 ,898.44 l
3,809,246.38 11
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Bonds and Noies Authorized bur Not Issued must be disclosed in this Utility CapitalSection in the same manner as set forth in General Capi(al Fund on Shee( 8
POST CLOSING
TRIAL BALANCE - WATER/SEWER UTILITY FUND (cont'd)AS AT DECEMBER 31,2019
Operating and Capital Sections(Separately S(aied)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With 'C"
(Do no} crowd - add additional sheets)
Title of Account Credi(
PREVIOUS PAGE TOTALS 1,127,426.44
BONDS PAYABLE
LOANS PAYABLE
CAPITAL LEASES PAYABLE
BOND ANT?C?PATION NOTES
IMPROVEMENT AUTHORIZAT?ONS:
FuNDED
UNFuNDED
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO WATER/SEWER OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
2,082,000.00
2,526,559.94
404,482 14
763,359.04
7,17730
674.12
17,995,005.51
830,152.93
40,268.26
DOWN PAYMENTS ON IMPROVEMENTS
CAPITAL IMPROVEMENT FUND
CAPITAL FUND BALANCE
683,675.00
32,957.93
TOTALS
Sheet 41a.1
7 ]26,493,738.61
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POST CLOSING TRIAL BALANCE -
UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITY
EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
ASSESSMENT NOTES
ASSESSMENT SERIAL BONDS
FUND BALANCE
TOTALS
CASH
Title of Account
AS AT DECEMBER 31, 2019
(Do not crowd - add addi(ional sheets)
Credit
Sheet 42
Debit
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SCHEDULE OFWATER/SEWERUTILITY BUDGET - 2019
BUDGET REVENUES
ir Budget 11 Receiyed
in Cash r
91302-
giaoz- l
91306- I
= Amoun( in ?Received in Cash? column for ?Deficit (Geiieral Budge})'a and amount expended fot ';S-u;p-lus (General Budgei)o mustaqyee wi(h amounts shown fot such i}ems on SheeA 45.
Excess or
Deficit"Source
Operating Surplus AnticipatedC)perating Surplus An}icipa}ed wi!h Consen} ofDirector of Local Government
lJser Fees
Miscellaneous
332,782.63
47,993.48
Reserve for Debt Service
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List) XXXXXXXXX
380,776.11Subto(al
Deficii (General Budget) "
STATEMENT OF BUDGET APPROPRIATIONS
Appropriations:
Adopted Budget
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures
Deduct Expenditures:
Paid or Charged
Reserve:J
Surplus (General Budget)"
Total Expenditures
Unexpended Balance Canceled (See Footnote)
uII[
IIirir1[irIcir11
6,228,873.45 II300,839.67 )l
]IILl[
XXXXXXXXX
s.s<i,;>sz.io
6,541,257.10
6,541,257.10
6,529,713.12
11,543.98
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropria}ion ovetexpeiided in (he budget documem must be ma*ed with an ' and must agree in aggrega}e wi}h!his i}em.
RE? UNEXPENDED BALANCES CANCEIED:
Aye no} ko be shown as ?Paid or Charged? in the budget document In all instances a'To}al Appropriaiions? and
?Ovsrexpendi}ures? mus} equal }he sum of ?Toial Expendi}uresa' and ?llnexpended Balan>s Canceled'a
Sheet 44
436,257. 10 lnI
l [IIIHHl5,775,000.00 lThI
330,000.00 lTh I
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STATEMENT OF 2019 opERATIoN
WATER/SEWER UTILITY
NOTE: Section 1 of this sheet is required to be filled ou( ONLY I F the 2019 Water/Sewer Utility Budget containedeither an i(em of revenue ?Deficit (General Budget)? or an item of appropria}ion "Surplus (GeneralBudget)"Section 2 should be filled out in every case.
SECTION l:
Revenue Realized:
Budget Revenue (Not Including "Deficit (General Budget)?)
Miscellaneous Revenue Not Anticipated
2018 Appropriation Reserves Canceled in 2019
Cancellation of Accrued Interest
To}al Revenue Realized
Expenditures:
Appropriations (Not Including "Surplus (General Budget)?)
Paid or Charged
Reserved
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total ExpendituresLess: De-lerred argeslncludedin
Above ?Total Expendi}ures?
laTotal Expendi(ures - As Adjusted
Excess
Budge( Appropriation - Surplus (General Budget)"Re-ma'nder"" IB?aF-'varn:cecoin:rss:r':slirsone2'0'-1Q9hop::AaRf'son
(?Excess in Opera}ions? - Sheet 46)
Deficit
Anticipated Revenue - Deficit (General Budget)"Rpm,ind,,, BalanceofResultsof20190perationRemainder= -, =Q=Vg.---- --j-;-u-l-u:g%Jl.H:.la{lullll
( Operating Deficit - to Trial Balance - Sheet 46)
r
I
7,307,386.19
6,529,713.12
777,673.07
SECTION 2:
The following Item of '2018 Appropriation Reserves Canceled in 201 9' ?is Due (o the Current Fund TO THEEXTENT OF the amount received and Due from the General Budge( of 2019 for an Anticipated Defici} in theWaterlF>ewer Utility for 2019
20'l8 Appropriation Reserves Canceled in 2019 (LesS: Anticipated Deficit in 2019 Budget - Amount Received and Due
from Curren} Fund - If none, enter 'None ?' 11" Excess (Revenue Realized)
s
ir 380,183.71
" l}ems must be shown in same amounts on Shee} 44
Sheet 45
XXXXXXXXX
6,922,033.21
380,183.71
5, 169.27
X)
RESULTS OF 2019 opERATIoNs - WATER/SEWERUTJLITY
Excess in Anticipated Revenues
Unexpended Balances of Appropriations
Miscellaneous Revenues Not An(icipated
Unexpended Balances of 2018 Appropriations"
Cancellation of Accrued Interest
Deficit in Anticipated Revenues
Operating Deficit - to Trial Balance
Excess in Operations - to Operating Surplus
" See ? in amount on Shee} 45. SECTION 2
ir 11
l )axxxxxxx777,673.07
Debit
380,183.71
5,169.27
xxxxxx]ax
XXXXXXXXX
Credit
380,776. 11
11 ,543.98
OPERATING SURPLUS - WATER/SEWER UTILITY
Credit
Balance - January 1, 2019 1,424,171.57
Excess in Results of 2019 0perations
Amoun( Appropriated in the 2019 Budget - CashAmoun}Appropriatedin20l9Budgetwit riorWritkenConsent of Director of Local Govemment Services
777,673.07
XXXXXXXXX
XXXXXXXXX
Balance-December31,2019 xxxxX)oax
2,201 ,B44.64
ANALYSIS OF BALANCE DECEMBER 31, 2019
(FROM WATER/SEWER UTILITY - TRIAL BALANCE)
Cash
Investments
Interfund Accounts Receivable
Subtotal
Deduct Cash Liabilities Marked with "C" on Trial Balance
Operating Surplus Cash or (Deficit in Operating Surplus Cash)
Other Assets Pledged to Surplus:"
Deferred Charges #
Operating Deficit #
To}al Other Assets
# MAY NOT BE ANT?CIPATED AS NON-CASH SURPLUS IN 2019 BUDGET.
'ln the case of a a'Deficit in Operating Surplus Cash",?o}her Assels? would be also pledged {o cash Iiabilities
1111
irIt1[ir1[irII
1111il1[
2,390, 180.27
674.12
2,390,854.39
625,266.85
1 ,765,587.54
1 ,765,587.54
Sheet 46
XXXXXXXXX l
XXX)aXXXX l
XXXXXXXXX l
xxxxxxxxx ll
ll
XXXXXXXXX l
777,673.07 l
' 777,673 07 l
l
Debit 11XXXXXXXXX 11
11XXXXXXXXX 11
436,257.10 111111
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SCHEDULE OF WATER/SEWER UTILITY ACCOUNTS RECEIVABLE
BalanceDecember3l,2018 $ 397,645.09
Increased by'Rents Levied
Decreased by:
Collections
Overpayments applied
Transfer ko Liens
Other
$ 6,051,601.54
$ 6,002,652.74
$ 105,129.89
$
$
Balance December 31, 2019
$ 6,107,782.63
$ 341 ,jlOjl.oo
SCHEDULE OFWATER/SEWERUTILITY LIENS
BalanceDecember3l,2018 $
Increased by:
Transfers from Accounts Receivable
Penalties and Costs
Other
Decreased by:
Collections
Other
$
$
$
$
$
$
BalanceDecember3l,2019
$
$
Sheet 47
DEFERRED CHARGES
-MANDATORY CHARGES ONLY -
WATER/SEWER UTILITY FUND(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-65, Iisted on Sheet 29)
?Amount
Dec. 31, 2018per Audit?
Amount in
2019
B?
Amount
Resulting2019
Balance
as at
Dec. 31, 20191. Emergency Auihorization -
Municipal" $ $ $ $
2.
3.
4.
s.
Deficit in Opera}ions
Total Operating
6.
7.
Total Capital
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
"Do not include items funded or refunded as listed below
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
FUNDED OR REFUNDF,D UNDER N.J.S. 40A:2-3 oR N.J.S. 40A:2-51
Da(e ? ?
1.
2.
3.
4.
s.
$
$
$
$
$
JUDGMENTS ENTERED AGAINST &iUN{C}PAJ,ITY AND NOT SATISFIED
Appropria(ed forin Budgetof?Date Entered? On Account of Arr?
1.
2.
3.
4.
$
$
$
$
Sheet 48
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR BONDS
WATER/SEWF,RUTILITY ASSESSMENT BONDS
11 11 II11 11 11'ir ir 11?f 11 11ir ir XXXXXXXXX 11l[ II XXXXXXXXX 11ir ir 11
11.II
2019 Debt
ServiceDebit Credit
Outstanding - January 1, 2019
Issued
XXXXXXXXX
xx)oaxxxx
Paid
Outstanding - December 31 , 2019
2020 Bond Ma(urities - Assessment Bonds
2020 Interest on Bonds U
WATER/SEWERUTILITY CAPITAL BONDS
'ir XXXXXXXXX IIII XXXXXXXXX 11jj--- -- -ijir 11ir irll ,!,082,omf?5?
Outstanding - January 1 , 2019
Issued
Paid
Outstanding - December 31 , 2019
2020 Bond Maturities - Capital Bonds
2020 Interest on Bonds U
-2,4-5ilIIII
1111
XXXXXXXXX 11:>,<s-z,ooml
11.ps, i as.oo -l(
XXXXXXXXX
425,000.00
INTEREST ON BONDS - WATER/SEWER UTILffY BUDGET
2020 Interest on Bonds ('Items) $ 46,135.00 IILess: Interest Accrued to 12/al/2019 (Trial Balance) $ 16,894.43 11
Subtotal $ ilAdd: Interest to be Accrued as of 12/31/2020 $ 14::3,!272111Rec1uired Appropriation 2020 lt; 43,562.78
LIST OF BONDS ISSUED DURING 2019
Purpose
Sheet 49
€ ii lssue113ll [HHHl
12mlllml
mll
[HHmll
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR LOANS
WATER/SEWER UTILITY USRDA LOAN
11 irir l(ir If11 irit 4ei(J5?)5(
11t,ggz,os*.-ga-11
1111
XXXXXXXXX 11XXXXXXXXX II1,99il
11.Q>-,pQj
2019 Debt
ServiceDebit Credit
Outstanding - January 1, 2019
Issued
XXXXXXXXX
XXXXXXXXX
Paid
Outstanding - December 31 , 2019
2020 Loan Maturities
2020 Interes} on Loans
48,130.74
11.
2020 Loan Maturities
2020 Interest on Loans
Outs}anding - December 31 , 2Cll9
Outstanding - January 1, 2019
Issued
Paid
WATER/SEWER UTILITY P{NELANDS INFRASTRUCTURE LOAN
If XXXXXXXXX Itir XXXXXXXXX irIf 6tir II11 ir11 -=-1f75?
U
138,108.47 1111
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INTEREST ON LOANS - WATER/SEWER UTILITY BUDGET
2020 Interest on Loans ("Items) $ 84,825.1611Less: Interest Accrued to 12/.31/2C)19 (Trial Balance) $ il
Subtotal $ 59,539.01 11 ,Add: Interest to be Accrued as of 12/31/2020 $ 51Required Appropriation 2020 Ii. 83,695.83
LIST OF LOANS TSSUED DURING 2019
Purpose
Sheet 49a
20l9Maturity gl IIssue
11[HH1111 11
1111[HH1111
11[HH 11
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR LOANS
WATER/SEWER UTiL{TY NJ ENVTRONMENTAL INFRASTRUCTURE LOAN
2019 Debt-Serviceir 11
][ XXXXXXXXX ][i? grir 1115(lpl]5?
iriJ
1111
XXXXXXXXX 11XXXXXXXXX 1151
11.ij
CreditDebit
Outstanding - January 1 , 2019
Issued
Paid
Outstanding - December 31 , 2019
2020 Loan Maturities
2020 Interest on Loans
90,475.32
11.
WATER/SEWER UTILITY
Ifir][irir1[ir
Outstanding-January1,2019
Issued
Paid
Outstanding - December 31, 2019
2020 Loan Maturities
2020 Interest on Loans
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XXXXXXXXX
LOAN
ir][][?f11
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ar
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U
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2020 Interest on Loans ('ltems)
Less: Interest Accrued to 12/31/2019 (Trial Balance)
Subtotal
Add: Interest to be Accrued as of 1 2/31/2020
Required Appropriation 2020
INTEREST ON LOANS - WATER/SEWER UTILITY BUDGET
itil51il
lr
$
$
$
$
5,155.24
LIST OF LOANS ISStJED DURTNG 2019
Purpose
Sheet 49a.l
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WATER/SEWERUTILITY CAPITAL FUND
Appropriated to Finance Improvement Authorizations
-im?pi6vement-AutFiorizations 'eance!ed'(financed in whole by Ihe Capital Improvement Fund)
Balance-December31,2019
Balance - January 1, 2019
Received from 2019 Budget Appropriation
List by lmprovemen(s - Direct Charges Made for Preliminary Costs:
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Credit
433,675.00
250,000.00
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
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683,675.00
Appropriated to Finance lmprovemen} Authorizations
Balance-January1,2019
Received from 2019 Bud(let Appropriation "
Received from 2019 Emergency Appropriation '
Balance-December31,2019
WATER/SEWERUTILITY CAPITAL FUND
SCHEDULF. OF DOWN PAYMENTS ON IMPROVEMENTS
11 irDebit Credit
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
'The full amoun} of }he 2019 budget appropria(ion should be transferred (o }his account unless the balance of theappropriation is (o be permit}ed to lapse.
Sheet 53
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683,675.00 l
I 683,675.00
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WATER/SEWER UTILITY FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN2019
AND DOWN PAYMENTS (N.J.S. 404:2-11)
PurposeAmount of Down
Payment in Budgetof 2019 or Prior
Years
l
WATER/SEWERUTILITY CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
YEAR 2019
Balance-January1,2019
Premium on Sale of Bonds
Funded Improvement Authorizations Canceled
Miscellaneous
Appropria}ed to Finance Improvement Authorization
Appropriation (o 2019 Budget Reserve
Balance - December 31 , 2019
Credit
32,957.93
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
32,957.93
Sheet 64
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