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Sheet 1a
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 theaccompanying Annual Financial Statement from the books of account and records madeavailable to me by the Township of Bernards asof December 31, 20 14 and have applied certain agreed-upon procedures thereon as prom-ulgated 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. 40A:5-12, 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-upon procedures, (except for circumstances as set forth below, no matters) or (nomatters) [eliminate one] came to my attention that caused me to believe that the AnnualFinancial Statement for the year ended 2014 is not in substantial compliance with the re-quirements of the State of New Jersey, Department of Community Affairs, Division of LocalGovernment Services. Had I performed additional procedures or had I 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 the Division. This Annual Financial Statement relates only to the accounts anditems prescribed by the Division and does not extend to the financial statements of the munici-pality/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:
(Registered Municipal Accountant)
(Firm Name)
(Address)
(Address)
(Phone Number)Certified by me
(Email)This day of , 2014
(Fax Number)
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING TRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2014
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
ASSETS:
Cash - Treasurer 21,235,932.98
Change Funds 565.00
Deferred Charges to Future Taxation - Emergency Appropriation 0.00
Receivables and Other Assets with Full Reserves:
Taxes Receivable - 2014 351,174.03
Taxes Receivable - 2013 304.93
Taxes Receivable Total 351,478.96
Tax Title Liens Receivable 31,114.18
Interfund Receivable 122.03
Advance to Payroll Account 25,000.00
Revenue Accounts Receivable 28,716.63
Property Acquired for Taxes 264,350.00
Total Debits/Credits Th 21,937,279.78
(Do not crowd - add additional sheets)
Sheet 3
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2014
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
LIABILITIES, RESERVES AND FUND BALANCE:
Appropriation Reserves 2,116,718.98 c
Other Liabilities and Reserves:
Amt Due to State of NJ for Senior Citizens' and Vet Deduct. 20,678.70 c
Reserve for Encumbrances 1,144,354.24 c
Tax Overpayments 5,973.75 c
Prepaid Taxes 727,574.84 c
Outside Liens 28,968.85 c
Amt Due to State of NJ - Marriage Lic / Domestic Part. Fees 1,167.00 c
Amt Due to State of NJ - DCA Training Fees 12,719.00 c
Amt Due to State of NJ - Burial Permit 15.00 c
Amt Due to Federal and State Grants Fund 63,485.81 c
Premium on Sale of Tax Title Lien 132,000.00 c
Reserve for Sale of Municipal Assets 452,638.61 c
Reserve for Outstanding Bond Coupons 1,120.00 c
Reserve for Future Pension Obligations 150,520.32 c
Reserves for Landfill Solar 50,000.00 c
Reserves for Private Grants Appropriated:
Recreation Donations 18,312.96 c
Health Prevention Programs 3,519.05 c
Police - D.A.R.E. 1,408.83 c
Police Programs 6,298.28 c
Police Equipment Donations 9,322.21 c
Police - Community Policing Donations 7,247.76 c
Animal Control Programs - Dr. Hollo Donation 3,000.00 c
250th Anniversary Celebration Donations 2,798.89 c
Total Debits/Credits This Page 0.00 4,959,843.08
Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2014
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
LIABILITIES, RESERVES AND FUND BALANCE (continued):
Reserves for Private Grants Appropriated (continued):
Street Signage in Hills Development 13,550.00 c
Crystal Ridge Maintenance 5,229.07 c
Tree Arboretum 1,500.00 c
Memorial Tree Program 4,179.36 c
Tree Replacement Program 114,462.32 c
Green Initiatives 4,200.00 c
911 Memorial Maintenance 3,167.25 c
Employee Recognition 1,606.76 c
Reserves for Private Grants Unappropriated:
Police - Equipment Donations 2,000.00 c
Memorial Tree Program 2,000.00 c
Green Initiatives 14,100.00 c
Reserves for Bernards Township Library
Library Bequests 308,277.89 c
Library Accumulated Reserves 1,117,981.17 c
Total Cash Liabilities = 6,552,096.90
Reserve for Receivables 700,781.80
Fund Balance 14,684,401.08
Total Debits/Credits 21,937,279.78 21,937,279.78
Sheet 3b
Sheet 4
POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND
Accounts #1 and #2* AS AT DECEMBER 31, 2014
Title of Account Debit Credit
Public Assistance Trust Fund #1
Cash - Treasurer 10,000.00
Reserve for Public Assistance Expenditures 10,000.00
10,000.00 10,000.00
(Do not crowd - add additional sheets)* To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Sheet 5
POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2014
Title of Account Debit Credit
Federal and State Grant Fund:
Federal and State Grants Receivable 281,707.00
Amount due from Current Fund 63,485.81
Appropriated Reserves 299,517.38
Reserve for Encumbrances 5,367.80
Unappropriated Reserves 40,307.63
Total Debits/Credits 345,192.81 345,192.81
(Do not crowd - add additional sheets)
Sheet 6
POST CLOSING TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated) AS AT DECEMBER 31, 2014
Title of Account Debit Credit
Animal Control Fund
Cash - Treasurer 22,930.72
Change Fund 25.00
Amount Due to NJ Department of Health 1.80
Amount Due Current Fund 1.06
Reserve for Expenditures 19,990.86
Prepaid Licenses 2,962.00
Assessment Fund
Assessment Liens 20.90
Reserve for Assessment Liens 20.90
Other Trust
Cash - Treasurer 7,437,849.46
Reserve for Developer's Escrow 2,034,904.35
Reserve for Library State Aid 11,584.00
Reserve for Recycling Expenditures 188,934.20
Reserve for Accumulated Sick Leave Expenditures 683,352.81
Reserve for Uniform Fire Safety Act Penalties 2,470.15
Reserve for Public Defender 0.00
Reserve for Parking Offenses Adjudication Act 140.00
Reserve for County Environmental Health Act 6,686.42
Reserve for Municipal Alliance 21,356.01
Reserve for Affordable Housing 1,095,014.24
Reserve for Municipal Open Space Fund 2,012,994.05
Reserve for Unemployment Compensation 40,189.98
Reserve for Self Insurance 605,303.00
Reserve for Forfeited Asset Trust Fund 17,592.79
Reserve for Snow Removal 504,241.08
Reserve for Recreation 10,367.44
Reserve for Payroll Deductions Payable 112,616.30
Due Current Fund - Payroll Advance 25,000.00
Due BTSA - Payroll Advance 65,000.00
Amt. Due Current Fund - Trust 60.63
Amt. Due Current Fund - Payroll 42.01
Total Debits/Credits 7,460,826.08 7,460,826.08
Sheet 6b
AmountDec. 31, 2013 Balance
per Audit as atPurpose Report Receipts Disbursements Dec. 31, 2014
1. Reserve for Developer's Escrow $ 1,622,150.21 $ 1,510,470.11 1,097,715.97 $ 2,034,904.35
2. Reserve for Library State Aid 11,676.00 11,584.00 11,676.00 11,584.00
3. Reserve for Recycling Expenditures 186,669.72 259,075.35 256,810.87 188,934.20
4. Reserve for Accumulated Sick Leave Expenditure 637,440.38 100,379.92 54,467.49 683,352.81
5. Reserve for Uniform Fire Safety Act Penalties 4,820.35 - 2,350.20 2,470.15
6. Reserve for Public Defender 0.00 5,465.00 5,465.00 0.00
7. Reserve for Parking Offenses Adjudication Act 220.00 110.00 190.00 140.00
8. Reserve for County Environmental Health Act 6,137.67 1,330.00 781.25 6,686.42
9. Reserve for Municipal Alliance 31,147.17 7,577.37 17,368.53 21,356.01
10. Reserve for Affordable Housing 1,069,694.05 196,397.47 171,077.28 1,095,014.24
11. Reserve for Municipal Open Space Fund 2,570,988.10 2,650,868.45 3,208,862.50 2,012,994.05
12. Reserve for Unemployment Compensation 25,440.13 46,143.74 31,393.89 40,189.98
13. Reserve for Self Insurance 614,361.74 39,348.74 48,407.48 605,303.00
14. Reserve for Forfeited Asset Trust Fund 17,020.86 571.93 - 17,592.79
15. Reserve for Snow Removal 546,990.42 - 42,749.34 504,241.08
16. Reserve for Recreation 5,500.61 51,945.00 47,078.17 10,367.44
17. Reserve for Payroll Deductions Payable 16,802.76 15,960,455.59 15,864,642.05 112,616.30
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.Totals: $ 7,367,060.17 20,841,722.67 20,861,036.02 $ 7,347,746.82
Schedule of Trust Fund Reserves
Sheet 7
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS
Title of Liability to which Cash
and Investments are Pledged
Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Sheet 7
Other Liabilities
Trust Surplus
Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Dec. 31, 2013
Assessments
and Liens
Balance
RECEIPTSDisbursements
Audit
Balance
Dec. 31, 2014
Current
Budget
Sheet 8
POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2014
Title of Account Debit Credit
Est. Proceeds Bonds and Notes Authorized 0.00 XXXXXXXX XX
Bonds and Notes Authorized but Not Issued XXXXXXXX XX 0.00
CASH - TREASURER 4,061,404.31
STATE/COUNTY AID RECEIVABLE 74,194.50
DEFERRED CHARGES TO FUTURE TAXATION - FUNDED 8,295,000.00
DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED
SERIAL BONDS 8,295,000.00
BOND ANTICIPATION NOTES 0.00
IMPROVEMENT AUTHORIZATIONS:
FUNDED 1,499,948.75
UNFUNDED 0.00
RESERVE FOR ENCUMBRANCES 1,183,067.99
CAPITAL IMPROVEMENT FUND 1,249,304.24
AMOUNT DUE TO CURRENT FUND 18.33
RESERVE FOR PRELIMINARY EXPENSES 100.00
RESERVE FOR OFF-TRACT TRANSPORTATION 128,965.00
RESERVE FOR OFF-TRACT DRAINAGE 0.00
RESERVE FOR STATE/COUNTY AID RECEIVABLE 74,194.50
FUND BALANCE 0.00
Grand Totals 12,430,598.81 12,430,598.81
(Do not crowd - add additional sheets)
Sheet 9a
CASH RECONCILIATION DECEMBER 31, 2014 (cont'd.LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Peapack-Gladstone Bank 5756481 (Current) 7,500,955.48
Peapack-Gladstone Bank 5756537 (Payroll) 133,480.42
Peapack-Gladstone Bank 5756529 (Dog) 16,089.51
Peapack-Gladstone Bank 5756502 (Trust-Other) 1,060,072.64
Peapack-Gladstone Bank 5756545 (Capital) 431,466.01
Peapack-Gladstone Bank 5756510 (Golf Utility) 166,895.17
Peapack-Gladstone Bank Money Market 400015332 (Current) 2,507,880.81
Peapack-Gladstone Bank Sweep 990000973 (Current) 4,005,555.48
Bank of Amer 00320769 (Trust Other - Dev. Esc.) 848,501.86
Bank of Amer 1911168005 (Trust Other - Quarry) 871,787.76
NJ/ARM (Asset & Rebate Mgt. Program) 142-00 1,911,824.91
Sovereign Bank #09551000714 3,212,990.76
State of N. J. Cash Management Fund #71625 (Current) 2,449,904.74
State of N. J. Cash Management Fund #71625 (Capital) 3,629,938.30
State of N. J. Cash Management Fund #71625 (Trust) 17,974.81
State of N. J. Cash Management Fund #71625 (Dog) 6,841.21
State of N. J. Cash Management Fund #71625 (Self Ins.) 605,303.00
State of N. J. Cash Management Fund #71625 (U.C.I.) 40,189.98
State of N. J. Cash Management Fund # 71625 (Accumulated Absence) 683,352.81
State of N. J. Cash Management Fund #71625(Pub. Asst.) 10,000.00
State of N. J. Cash Management Fund #71625(Golf Utility) 121,153.75
State of N. J. Cash Management Fund #105961(Open Space) 2,012,994.05
State of N. J. Cash Management Fund #94919(Aff.Housing) 1,095,014.24
33,340,167.70 Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require
that separate bank accounts be maintained for each allocated fund.
Sheet 10
From Grants CancelledGrant Unappropriated
NJDHTS "Drive Sober or Get Pulled Over" 4,400.00 12,500.00 7,825.00 1,575.00 7,500.00
US CDC Aerial Survey 4,070.38 4,070.38 -
Somerset County Municipal Alliance 5,851.54 29,456.50 16,101.04 19,207.00
NJDHTS "Distracted Driving Crackdown" - 5,000.00 4,800.00 200.00 -
NJDHTS "Click it or Ticket" - 4,000.00 3,400.00 600.00 -
USDOHHS Drug Free Community - 2,130.91 2,130.91 -
NJOEM - Energy Allocation Grant - 250,000.00 250,000.00
Somerset County Cultural and Heritage Grant--Plays - 3,500.00 750.00 2,750.00 -
NJDEP Clean Communities Program - 48,832.83 48,832.83 -
Emergency Management Funding - 5,000.00 5,000.00
NJ Body Armor Grant - 4,838.27 4,838.27 -
NJDHSS Hepatitis B - 260.00 260.00 -
Recycling Tonnage Grant - 26,281.00 26,281.00 -
Somerset County Youth Services Comm. - 5,000.00 5,000.00 -
Federal Body Armor Grant - 894.00 894.00 -
Library LinkNJ Mobile Project - 3,750.00 3,750.00 -
-
Matching Funds for Municipal Alliance Grant - 7,364.13 7,364.13 -
-
Totals 14,321.92 408,807.64 94,333.00 40,644.18 6,445.38 281,707.00
FEDERAL AND STATE GRANTS RECEIVABLE MUNICIPALITIES AND COUNTIES
Sheet 10
Realized
Received BalanceDec. 31, 2014
BalanceJan. 1, 2014
2014 BudgetRevenue
Sheet 11
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Encumbered CancelledGrant
Drug-Free Communities Grant (USDOJ) 11,521.53 2,130.91 F 13,652.44
US CDC Community Deer Reduction 4,737.52 F 667.14 4,070.38 -
Federal Body Armor Grant 9,779.27 894.00 F 9,779.27 894.00
NJOEM/FEMA Energy Allocation Grant - 250,000.00 F 250,000.00
Hepatitis B Grant 4,834.33 260.00 S 280.00 500.00 4,314.33
NJDHTS "Drive Sober or Get Pulled Over" 3,800.00 12,500.00 S 9,275.00 2,450.00 1,575.00 3,000.00
Sheet 11 NJDHTS "Distracted Driver Crackdown" - 5,000.00 S 4,800.00 200.00 -
Drunk Driving Enforcement Fund 4,402.48 S 3,099.93 1,302.55
Emergency Management Services 5,000.00 5,000.00 S 10,000.00 -
NJ Body Armor Fund 3,827.50 4,838.27 S 3,827.50 351.80 4,486.47
NJDHTS "Click it or Ticket" - 4,000.00 S 3,400.00 600.00 -
NJDEP Recycling Tonnage Grant - 26,281.00 S 26,281.00 -
NJDEP Clean Communities 2,853.67 48,832.83 S 51,686.50 -
NJDCA Domestic Violence Grant 3,983.53 S 3,983.53
S -
S -
Total This Sheet 54,739.83 39,404.18 320,332.83 - 123,096.34 3,301.80 6,445.38 281,633.32
Transferred from 2014 Budget Appropriations
Budget AppropriationBy 40A:4-87
Expended BalanceDec. 31, 2014
BalanceJan. 1, 2014
Sheet 11a
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.)
Encumbered CancelledGrant
NJ State Library - Healthy Acquisition 0.80 S - 0.80
ALA - Muslim Journeys 899.98 S 750.00 149.98
Library LINKNJ Mobile Project - 3,750.00 S 3,750.00 -
-
-
-
-
Somerset County Municipal Alliance 1,157.16 29,456.50 SAC 21,265.38 115.00 9,233.28
Matching Funds for Municipal Alliance Program 1,116.34 7,364.13 M 8,480.47 0.00
Somerset County Cultural - Plays in the Park 1,500.00 3,500.00 C 1,500.00 3,500.00
Sheet 11a Somerset County Youth Svcs. Commission 5,000.00 5,000.00 C 3,049.00 1,951.00 5,000.00
-
-
-
-
-
-
Grand Totals 64,414.11 83,474.81 325,332.83 161,891.19 5,367.80 6,445.38 299,517.38
Transferred from 2014Balance Budget Appropriations Expended
By 40A:4-87
BalanceJan. 1, 2014 Budget Appropriation Dec. 31, 2014
Sheet 12
SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
Grant
USDOJ Body Armor Fund 894.00 894.00 0.00
NJDEP Recycling Tonnage Grant 26,281.00 26,281.00 31,689.59 31,689.59
NJ Body Armor Fund 4,838.27 4,838.27 3,705.35 3,705.35
Somerset County Cultural and Heritage Grant 2,750.00 2,750.00 1,500.00 1,500.00
NJ State Library - NJ Mobile 3,750.00 3,750.00 0.00
Drug-Free Communities Grant (USDOJ) 2,130.91 2,130.91 0.00
Drunk Driving Enforcement Fund - 3,412.69 3,412.69
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Totals 40,644.18 40,644.18 0.00 0.00 40,307.63 0.00 0.00 40,307.63
Transferred to 2014Balance Budget Appropriations Received
By 40A:4-87
BalanceJan. 1, 2014 Budget Appropriation Dec. 31, 2014
*LOCAL DISTRICT SCHOOL TAX
Debit Credit
Balance January 1, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85001-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2012 - 2013) 85002-00 XXXXXXXX XX
Levy School Year July 1, 2013 - June 30, 2014 XXXXXXXX XX
Levy Calendar Year 2014 XXXXXXXX XX 83,442,340.00
Paid 83,442,340.00 XXXXXXXX XX
Balance December 31, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85003-00 0 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2013 - 2014) 85004-00 0 XXXXXXXX XX
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to 83,442,340.00 83,442,340.00Board of Education for use of local schools
# Must include unpaid requisitions
MUNICIPAL OPEN SPACE TAX
Debit Credit
Balance January 1, 2014 85045-00 XXXXXXXX XX 2,570,988.10
2014 Levy 85105-00 XXXXXXXX XX 2,638,845.95
Added, Rollback and Omitted Taxes 2012,2013 and 2014 10,569.62
Interest Earned XXXXXXXX XX 1,452.88
Refunding Bond Sale Proceeds
Expenditures 3,208,862.50 XXXXXXXX XX
Balance December 31, 2014 85046-00 2,012,994.05 XXXXXXXX XX
5,221,856.55 5,221,856.55
Sheet 13
Sheet 14
REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved)
Debit Credit
Balance January 1, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85031-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2012 - 2013) 85032-00 XXXXXXXX XX
Levy School Year July 1, 2013 - June 30, 2014 XXXXXXXX XX
Levy Calendar Year 2014 XXXXXXXX XX
Paid XXXXXXXX XX
Balance December 31, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85033-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2013 - 2014) 85034-00 XXXXXXXX XX
# Must include unpaid requisitions
REGIONAL HIGH SCHOOL TAX
Debit Credit
Balance January 1, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85041-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2012 - 2013) 85042-00 XXXXXXXX XX
Levy School Year July 1, 2013 - June 30, 2014 XXXXXXXX XX
Levy Calendar Year 2014 XXXXXXXX XX
Paid XXXXXXXX XX
Balance December 31, 2014 XXXXXXXX XX XXXXXXXX XX
School Tax Payable # 85043-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2013- 2014) 85044-00 XXXXXXXX XX
# Must include unpaid requisitions
Sheet 15
COUNTY TAXES PAYABLE
Debit Credit
Balance January 1, 2014 XXXXXXXX XX XXXXXXXX XX
County Taxes 80003-01 XXXXXXXX XX
Due County for Added and Omitted Taxes 80003-02 XXXXXXXX XX
2014 Levy: XXXXXXXX XX XXXXXXXX XX
General County 80003-03 XXXXXXXX XX 21,175,339.58
County Library 80003-04 XXXXXXXX XX
County Health XXXXXXXX XX
County Open Space Preservation XXXXXXXX XX 2,009,937.63
Due County for Added and Omitted Taxes 80003-05 XXXXXXXX XX 92,807.34
Paid 23,278,084.55 XXXXXXXX XX
Balance December 31, 2014 XXXXXXXX XX XXXXXXXX XX
County Taxes XXXXXXXX XX
Due County for Added and Omitted Taxes XXXXXXXX XX
23,278,084.55 23,278,084.55
LOCAL LIBRARY TAXES
Debit Credit
Balance January 1, 2014 80003-06 XXXXXXXX XX -
2014 Levy: (List Each Type of District Tax Separately - see Footnote) XXXXXXXX XX XXXXXXXX XX
Fire - 81108-00 XXXXXXXX XX XXXXXXXX XX
Sewer - 81111-00 XXXXXXXX XX XXXXXXXX XX
Water - 81112-00 XXXXXXXX XX XXXXXXXX XX
Garbage - 81109-00 XXXXXXXX XX XXXXXXXX XX
Open Space - 81105-00 XXXXXXXX XX XXXXXXXX XX
Library 2,246,423.00 XXXXXXXX XX XXXXXXXX XX
XXXXXXXX XX XXXXXXXX XX
Total 2014 Levy 80003-07 XXXXXXXX XX 2,246,423.00
Paid 80003-08 2,246,423.00 XXXXXXXX XX
Balance December 31, 2014 80003-09 -
2,246,423.00 2,246,423.00 Footnote: Please state the number of districts in each instance
Sheet 16
STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID
Debit Credit
Balance January 1, 2014 80004-01 XXXXXXXX XX 11,676.00
State Library Aid Received in 2014 80004-02 XXXXXXXX XX 11,584.00
Expended 80004-09 11,676.00 XXXXXXXX XX
Balance December 31, 2014 80004-10 11,584.00
23,260.00 23,260.00 RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Balance January 1, 2014 80004-03 XXXXXXXX XX
State Library Aid Received in 2014 80004-04 XXXXXXXX XX
Expended 80004-11 XXXXXXXX XX
Balance December 31, 2014 80004-12
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:54-35)
Balance January 1, 2014 80004-05 XXXXXXXX XX
State Library Aid Received in 2014 80004-06 XXXXXXXX XX
Expended 80004-13 XXXXXXXX XX
Balance December 31, 2014 80004-14
RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID
Balance January 1, 2014 80004-07 XXXXXXXX XX
State Library Aid Received in 2014 80004-08 XXXXXXXX XX
Expended 80004-15 XXXXXXXX XX
Balance December 31, 2014 80004-16
Sheet 17
STATEMENT OF GENERAL BUDGET REVENUES 2014
Source Budget Realized Excess or Deficit*-01 -02 -03
Surplus Anticipated 80101- 11,650,000.00 11,650,000.00 0.00Surplus Anticipated with Prior Written Consent ofDirector of Local Government 80102- 0.00
Miscellaneous Revenue Anticipated: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX
Adopted Budget 5,754,458.35 7,212,002.73 1,457,544.38
Added by N.J.S. 40A:4-87: (List on 17a) XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX
Cancellation Per Resolution #
Totals from Sheet 17a 329,557.83 329,557.83 0.00
Total Miscellaneous Revenue Anticipated 80103- 6,084,016.18 7,541,560.56 1,457,544.38
Receipts from Delinquent Taxes 80104- 305,000.00 530,548.83 225,548.83
Amount to be Raised by Taxation: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX
(a) Local Tax for Municipal Purposes 80105- 16,047,078.47 XXXXXXXX XX XXXXXXXXX XX
(b) Addition to Local District School Tax 80106- XXXXXXXX XX XXXXXXXXX XX
(c) Minimum Library Tax 80121- 2,246,423.00 XXXXXXXX XX XXXXXXXXX XX
Total Amount to be Raised by Taxation 80107- 18,293,501.47 22,028,097.86 3,734,596.39 36,332,517.65 41,750,207.25 5,417,689.60
ALLOCATION OF CURRENT TAX COLLECTIONS
Debit Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 XXXXXXXX XX 127,575,841.00
Amount to be Raised by Taxation XXXXXXXX XX XXXXXXXXX XX
Local District School Tax 80109-00 83,442,340.00 XXXXXXXXX XX
Regional School Tax 80119-00 XXXXXXXXX XX
Regional High School Tax 80110-00 XXXXXXXXX XX
County Taxes 80111-00 23,185,277.21 XXXXXXXXX XX
Due County for Added and Omitted Taxes 80112-00 72,010.43 XXXXXXXXX XX
Municipal Open Space Tax 80113-00 2,638,845.95 XXXXXXXXX XX
Due Municipal Open Spce Added and Omitted Taxes 80120-00 8,183.01 XXXXXXXXX XX
Reserve for Uncollected Taxes 80114-00 XXXXXXXX XX 3,798,913.46
Deficit in Required Collection of Current Taxes (or) 80115-00 XXXXXXXX XX
Balance for Support of Municipal Budget (or) 80116-00 22,028,097.86 XXXXXXXXX XX
*Excess Non-Budget Revenue (see footnote) 80117-00 XXXXXXXXX XX
*Deficit Non-Budget Revenue (see footnote) 80118-00 XXXXXXXX XX* These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" 131,374,754.46 131,374,754.46column of the statement at the top of this sheet. In such instances, any excess or deficit in the aboveallocation would apply to "Non-Budget Revenue" only.
Sheet 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2014
2014 Budget as Adopted 80012-01 36,002,959.82
2014 Budget - Added by N.J.S. 40A:4-87 80012-02 329,557.83
Appropriated for 2014 (Budget Statement Item 9) 80012-03 36,332,517.65
Appropriated for 2014 by Emergency Appropriation (Budget Statement Item 9) 80012-04 0.00
Total General Appropriations (Budget Statement Item 9) 80012-05 36,332,517.65
Add: Overexpenditures (see footnote) 80012-06 0.00
Total Appropriations and Overexpenditures 80012-07 36,332,517.65
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)] 80012-08 26,416,885.21
Paid or Charged - Reserve for Uncollected Taxes 80012-09 3,798,913.46
Reserved 80012-10 2,116,718.98
Total Expenditures 80012-11 32,332,517.65
Unexpended Balances Canceled (see footnote) 80012-12 4,000,000.00
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)
2014 Authorizations
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
Sheet 19
RESULTS OF 2014 OPERATION
CURRENT FUND
Debit Credit
Excess of anticipated Revenues: XXXXXXXX XX XXXXXXXX XX
Miscellaneous Revenues anticipated 80013-01 XXXXXXXX XX 1,457,544.38
Delinquent Tax Collections 80013-02 XXXXXXXX XX 225,548.83
XXXXXXXX XX
Required Collection of Current Taxes 80013-03 XXXXXXXX XX 3,734,596.39
Unexpended Balances of 2014 Budget Appropriations 80013-04 XXXXXXXX XX 4,000,000.00
Miscellaneous Revenue Not Anticipated 81113- XXXXXXXX XX 564,077.02 Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27) 81114- XXXXXXXX XX
Payments in Lieu of Taxes on Real Property 81120- XXXXXXXX XX
Sale of Municipal Assets XXXXXXXX XX
Unexpended Balances of 2014 Appropriation Reserves 80013-05 XXXXXXXX XX 1,711,904.78
Prior Years Interfunds Returned in 2014 80013-06 XXXXXXXX XX 151.21
Cancel PY Encumbrances XXXXXXXX XX 18,308.76
Premium on Tax Certificate Surrendered XXXXXXXX XX 8,700.00
Cancel Prior Year Grant Balances XXXXXXXX XX 0.00
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) XXXXXXXX XX XXXXXXXX XX
Balance January 1, 2014 80013-07 XXXXXXXX XX
Balance December 31, 2014 80013-08 XXXXXXXX XX
Deficit in Anticipated Revenues: XXXXXXXX XX XXXXXXXX XX
Miscellaneous Revenues Anticipated 80013-09 XXXXXXXX XX
Delinquent Tax Collections 80013-10 XXXXXXXX XX
Required Collection of Current Taxes 80013-11 XXXXXXXX XX
Interfund Advances Originating in 2014 80013-12 122.03 XXXXXXXX XX
PY Successful Tax Appeals 2010, 2011, 2012 4,232.60 XXXXXXXX XX
PY2013 Sr Citizens Deductions Disallowed 1,500.00 XXXXXXXX XX
PY2013 Veterans Deductions Disallowed 0.00 XXXXXXXX XX
PY Added/Omitted County Taxes 18,887.56 XXXXXXXX XX
PY Added/Omitted County Open Space Taxes 1,909.35 XXXXXXXX XX
PY Added/Omitted Municipal Open Space Taxes 2,386.61 XXXXXXXX XX
Deficit Balance - To Trial Balance (Sheet 3) 80013-13 XXXXXXXX XX
Surplus Balance - To Surplus (Sheet 21) 80013-14 11,691,793.22 XXXXXXXX XX
11,720,831.37 11,720,831.37
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUESNOT ANTICIPATED
Source Amount Realized
Clerk 7,784.85
Registrar 329.00
Engineer 8,577.84
Board of Health 26,520.00
Public Works 42,174.14
Tax Collector 4,870.63
Traffic Control Administrative Fees 76,745.69
Purchasing 2,650.00
Inspection Fees 17,890.00
Prior Year Refunds 8,044.55
Fire Prevention 471.28
Far Hills / Douglas Road Maintenance -
Municipal Court 13,668.00
Prior Year Check Voided -
PB Escrow Fees Administrative Fees 48,162.67
MRNA 271,890.53
Insurance Dividends 9,214.61
Newsrack Permits 40.00
Police 64.00
Construction Fines 18,650.00
Vending Machine Commissions 475.06
Farmland Inspection Fees -
Copies MRNA 479.17
Return Check Fees 460.00
Mayor Marriage Donations 800.00
Community Service Furniture Program 4,115.00
-
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $ 564,077.02
Sheet 21
SURPLUS - CURRENT FUND YEAR 2014
Debit Credit
1 Balance January 1, 2014 80014-01 XXXXXXXX XX 14,642,607.86
2. XXXXXXXX XX
3. Excess Resulting from 2014 Operations 80014-02 XXXXXXXX XX 11,691,793.22
4. Amount Appropriated in the 2014 Budget - Cash 80014-03 11,650,000.00 XXXXXXXX XX5. Amount Appropriated in the 2014 Budget - with Prior Writ-
ten Consent of Director of Local Government Services 80014-04 0.00 XXXXXXXX XX
6. XXXXXXXX XX
7. Balance December 31, 2014 80014-05 14,684,401.08 XXXXXXXX XX26,334,401.08 26,334,401.08
ANALYSIS OF BALANCE DECEMBER, 31, 2014 (FROM CURRENT FUND - TRIAL BALANCE)
Cash 80014-06 21,236,497.98
Investments 80014-07
Sub Total 21,236,497.98
Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 6,552,096.90
Cash Surplus 80014-09 14,684,401.08
Deficit in Cash Surplus 80014-10
Other Assets Pledged to Surplus: *(1) Due from State of N.J. Senior
Citizens and Veterans Deduction 80014-16
Deferred Charges # 80014-12
Cash Deficit # 80014-13
Total Other Assets 80014-14 -
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS 80014-15 14,684,401.08 WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2015 BUDGET.(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S.40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issuedand outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
Sheet 22
(FOR MUNICIPALITIES ONLY) CURRENT TAXES - 2014 LEVY
1. Amount of Levy as per Duplicate (Analysis) # 82101-00 $ 127,588,200.86 or
(Abstract of Ratables) 82113-00 $
2. Amount of Levy Special District Taxes 82102-00 $
3. Amount Levied for Omitted Taxes underN.J.S.A. 54:4-63.12 et. seq. 82103-00 $
4. Amount Levied for Added Taxes under 82104-00 $ 395,647.24 N.J.S.A. 54:4-63.1 et. seq.
5a. Subtotal 2014 Levy $ 127,983,848.10 5b. Reductions due to tax appeals ** $ 37,570.43 5c. Total 2014 Tax Levy 82106-00 $ 127,946,277.67
6 Transferred to Tax Title Liens 82107-00 $ 4,237.39
7. Transferred to Foreclosed Property 82108-00 $ -
8. Remitted, Abated or Canceled 82109-00 $ 15,025.25
9. Discount Allowed 82110-00 $ -
10. Collected in Cash: In 2013 82121-00 $ 594,889.45
In 2014 82122-00 $ 126,840,276.39
Homestead Benefit Credit 82124-00 $ -$
State's Share of 2014 Senior Citizens and Veterans Deductions Allowed 82123-00 $ 140,675.16
Total to Line 14 82111-00 $ 127,575,841.00
11. Total Credits $ 127,595,103.64
12. Amount Outstanding December 31, 2014 83120-00 $ 351,174.03
13. Percentage of Cash Collections to Total 2014 Levy,(Item 10 divided by Item 5c) is 99.71%
82112-00
Note:If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10 $ 127,575,841.00 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $
To Current Taxes Realized in Cash (Sheet 17) $ 127,575,841.00
Note A: In showing the above percentage the following should be noted:Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,the percentage represented by the cash collections would be$1,049,977.50 / $1,500,000 or .699985. The correct percentage tobe shown as Item 13 is 69.99% and not 70.00%, nor 69.999%
# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to includeSenior Citizens and Veterans Deductions.
* Include overpayments applied as part of 2014 collections.** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41)
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2014
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997.
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22)..........................................................................$ 127,575,841.00
LESS: Proceeds from Accelerated Tax Sale............................................................................. -
NET Cash Collected ....................................................................................$ 127,575,841.00
Line 5c (sheet 22) Total 2014 Tax Levy...................................................................................$ 127,946,277.67
Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is.............................................................................. 99.71% %
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22)..........................................................................$
LESS: Proceeds from Tax Levy Sale (excluding premium)....................................................
NET Cash Collected ....................................................................................$
Line 5c (sheet 22) Total 2014 Tax Levy...................................................................................$
Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is.............................................................................. %
Sheet 23
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit Credit
1. Balance January 1, 2014 XXXXXXXX XX XXXXXXXX XX
Due From State of New Jersey XXXXXXXX XX
Due To State of New Jersey XXXXXXXX XX 21,233.03
2. Sr. Citizens Deductions Per Tax Billings 17,062.00 XXXXXXXX XX
3. Veterans Deductions Per Tax Billings 122,000.00 XXXXXXXX XX
4. Sr. Citizens Deductions Allowed By Tax Collector 1,250.00 XXXXXXXX XX
5. Veterans Deductions Allowed By Tax Collector 1,750.00 XXXXXXXX XX
6. Veterans Deductions Disallowed By Tax Collector XXXXXXXX XX 250.00
7. Sr. Citizens Deductions Disallowed By Tax Collector XXXXXXXX XX 1,136.84
8. Sr. Citizens Deductions Disallowed By Tax Collector PY Taxes XXXXXXXX XX 1,500.00
8A. Veterans Deductions Disallowed By Tax Collector PY Taxes XXXXXXXX XX 0.00
9. Received in Cash from State XXXXXXXX XX 138,620.83
11.
12. Balance December 31, 2014 XXXXXXXX XX XXXXXXXX XX
Due From State of New Jersey XXXXXXXX XX
Due To State of New Jersey 20,678.70 XXXXXXXX XX
162,740.70 162,740.70
Calculation of Amount to be included on Sheet 22, Item 10-2014 Senior Citizens and Veterans Deductions Allowed
Line 2 17,062.00
Line 3 122,000.00
Line 4 3,000.00
Sub-Total 142,062.00
Less: Lines 6&7 1,386.84
To Item 10, Sheet 22 140,675.16
COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2015 MUNICIPAL BUDGET
1. Total General Appropriations for 2015 Municipal Budget StatementItem 8 (L) (Exclusive of Reserve for Uncollected Taxe 80015- 34,754,366.62 XXXXXXXX XX
2. Local District School Tax - Actual 80016- 83,442,340
Estimate** 80017- 85,111,186.80 XXXXXXXX XX
3. Regional School District Tax - Actual 80025- 0
Estimate* 80026- XXXXXXXX XX
4. Regional High School Tax - Actual 80018- 0
School Budget Estimate* 80019- XXXXXXXX XX
5. County Tax Actual 80020- 21,175,340
Estimate* 80021- 21,598,846.37 XXXXXXXX XX
6. County Open Space Tax Actual 80022- 2,009,938
Estimate* 80023- 2,103,506.49 XXXXXXXX XX
7. Municipal Open Space Tax Actual 80027- 2,722,985.75 2,638,846
Estimate* 80028- XXXXXXXX XX
8. Total General Appropriations & Other Taxes 80024-01 146,290,892.03 9. Less: Total Anticipated Revenues from 2015 in
Municipal Budget (Item 5) 80024-02 19,836,875.60 10. Cash Required from 2015 Taxes to Support
Local Municipal Budget and Other Taxes 80024-03 126,454,016.43 11. Amount of item 10 Divided by 97.02% [820034-04]
Equals Amount to be Raised by Taxation (Percentageused must not exceed the applicable percentageshown by Item 13, Sheet 22) 80024-05 130,338,091.56
Analysis of Item 11: Local District School Tax * Must not be stated in an amount less than (Amount Shown on Line 2 Above) 85,111,186.80 "actual" Tax of year 2014. Regional School District Tax (Amount Shown on Line 3 Above) ** May not be stated in an amount less than Regional High School Tax proposed budget submitted by the Local (Amount Shown on Line 4 Above) Board of Education to the Commissioner County Tax of Education on January 15, 2015 (Chap. (Amount Shown on Line 5 Above) 21,598,846.37 136, P.L. 1978). Consideration must be Special District Tax given to calendar year calculation. (Amount Shown on Line 6 Above) 2,103,506.49 Municipal Open Space Tax (Amount Shown on Line 7 Above) 2,722,985.75
Tax in Local Municipal Budget 18,801,566.15
Total Amount (see Line 11) 130,338,091.56 12. Appropriation: Reserve for Uncollected Taxes (Budget
Statement, Item 8 (M) (Item 11, Less Item 10) 80024-06 3,884,075.13 Computation of "Tax in Local Municipal Budget" Note: Item 1 - Total General Appropriations 34,754,366.62 The amount of
anticipated rev- Item 12 - Appropriation: Reserve for Uncollected Taxes 3,884,075.13 enues (Item 9)
may never exceedSub-Total 38,638,441.75 the total of Items 1
and 12. Less: Item 9 - Total Anticipated Revenues 19,836,875.60
Amount to be Raised by Taxation in Municipal Budget 80024-07 18,801,566.15
YEAR 2015 YEAR 2014
Sheet 25
Sheet 25a
ACCELERATED TAX SALE - CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction
To Reserve For Uncollected Taxes Appropriation
Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year.
A. Reserve for Uncollected Taxes (sheet 25, Item 12) $
B. Reserve for Uncollected Taxes ExclusionOutstanding Balance of Delinquent Taxes(sheet 26, Item 14A) x % ofCollection (Item 16)
C. TIMES: % of increase of Amount to beRaised by Taxes over Prior Year %[(2015 Estimated Total Levy - 2014 Total Levy)/2014 Total Levy]
D. Reserve for Uncollected Taxes Exclusion Amount $[(B x C) + B]
E. Net Reserve for Uncollected TaxesAppropriation in Current Budget $(A - D)
2014 Reserve for Uncollected Taxes Appropriation Calculation (Actual)
1. Subtotal General Appropriations (item8(L) budget sheet 29) $
2. Taxes not Included in the budget (AFS 25, items 2 thru 7) $
Total $
3. Less: Anticipated Revenues (item 5, budget sheet 11) $
4. Cash Required $
5. Total Required at _______________% (items 4+6) $
6. Reserve for Uncollected Taxes (item E above) $
Sheet 26
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit Credit
1. Balance January 1, 2014 XXXXXXXX XX
A. Taxes 83102-00 413,468.98 439,559.85 XX XXXXXXXX XX
B. Tax Title Liens 83103-00 26,090.87 XXXXXXXX XX XXXXXXXX XX
2. Canceled: XXXXXXXX XX XXXXXXXX XX
A. Taxes 83105-00 XXXXXXXX XX -
B. Tax Title Liens 83106-00 XXXXXXXX XX 0.00
3. Transferred to Foreclosed Tax Title Liens: XXXXXXXX XX XXXXXXXX XX
A. Taxes 83108-00 XXXXXXXX XX
B. Tax Title Liens 83109-00 XXXXXXXX XX
4. Added Taxes 83110-00 116,486.81 XXXXXXXX XX
5. PY Senior Citizen and Veteran Disallowed 83111-00 1,500.00 XXXXXXXX XX6. Adjustment between Taxes (Other than current year)
and Tax Title Liens: XXXXXXXX XX XXXXXXXX XX
A. Taxes - Transfers to Tax Title Liens 83104-00 XXXXXXXX XX (1) 1,486.23
B. Tax Title Liens - Transfers from Taxes 83107-00 (1) 1,486.23 XXXXXXXX XX
7. Balance Before Cash Payments XXXXXXXX XX 557,546.66
8. Totals 559,032.89 559,032.89
9. Balance Brought Down 557,546.66 XXXXXXXX XX
10. Collected: XXXXXXXX XX 530,645.60
A. Taxes 83116-00 529,664.63 XXXXXXXX XX XXXXXXXX XX
B. Tax Title Liens 83117-00 884.20 XXXXXXXX XX XXXXXXXX XX
11. Interest and Costs - 2014 Tax Sale 83118-00 280.66 XXXXXXXX XX
12. 2014 Taxes Transferred to Liens 83119-00 4,237.39 XXXXXXXX XX
13. 2014 Taxes 83123-00 351,174.03 XXXXXXXX XX
14. Balance December 31, 2014 XXXXXXXX XX 382,593.14
A. Taxes 83121-00 351,478.96 XXXXXXXX XX XXXXXXXX XX
B. Tax Title Liens 83122-00 31,114.18 XXXXXXXX XX XXXXXXXX XX
15. Totals 913,238.74 913,238.74
16. Percentage of Cash Collections to Adjusted Amount Outstanding(Item No. 10 divided by Item No. 9) is 95.18%
17. Item No. 14 multiplied by percentage shown above is 364,133.41 and represents themaximum amount that may be anticipated in 2014. 83125-00
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit Credit
1. Balance January 1, 2014 84101-00 264,350.00 XXXXXXXX XX
2. Foreclosed or Deeded in 2014 XXXXXXXX XX XXXXXXXX XX
3. Tax Title Liens 84103-00 XXXXXXXX XX
4. Taxes Receivable 84104-00 XXXXXXXX XX
5A. 84102-00 XXXXXXXX XX
5B. 84105-00 XXXXXXXX XX
6. Adjustment to Assessed Valuation 84106-00 XXXXXXXX XX
7. Adjustment to Assessed Valuation 84107-00 XXXXXXXX XX
8. Sales XXXXXXXX XX XXXXXXXX XX
9. Cash * 84109-00 XXXXXXXX XX
10. Contract 84110-00 XXXXXXXX XX
11. Mortgage 84111-00 XXXXXXXX XX
12. Loss on Sales 84112-00 XXXXXXXX XX
13. Gain on Sales 84113-00 XXXXXXXX XX
14. Balance December 31, 2014 84114-00 XXXXXXXX XX 264,350.00
264,350.00 264,350.00
CONTRACT SALES
Debit Credit
15. Balance January 1, 2014 84115-00 XXXXXXXX XX
16. 2014 Sales from Foreclosed Property 84116-00 XXXXXXXX XX
17. Collected * 84117-00 XXXXXXXX XX
18. 84118-00 XXXXXXXX XX
19. Balance December 31, 2014 84119-00 XXXXXXXX XX
MORTGAGE SALES
Debit Credit
20. Balance January 1, 2014 84120-00 XXXXXXXX XX
21. 2014 Sales from Foreclosed Property 84121-00 XXXXXXXX XX
22. Collected * 84122-00 XXXXXXXX XX
23. 84123-00 XXXXXXXX XX
24. Balance December 31, 2014 84124-00 XXXXXXXX XX
Analysis of Sale of Property: $ 0* Total Cash Collected in 2013 (84125-00)
Realized in 2014 Budget 0
To Results of Operation (Sheet 19)
Sheet 28
DEFERRED CHARGES - MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55,
N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30.)
AmountCaused By Dec. 31, 2013 Amount in Amount Balance
per Audit 2014 Resulting as atReport Budget from 2014 Dec. 31, 2014
1. Emergency Authorization -Municipal* $ 0 $ 0 $ 0 $ 0
2. Emergency Authorizations -Schools $ $ $ $
3. $ $ $ $
4. $ $ $ $
5. $ $ $ $
6. $ $ $ $
7. $ $ $ $
8. $ $ $ $
9. $ $ $ $
10. $ $ $ $
*Do not include items funded or refunded as listed below.
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date Purpose Amount
1. $
2. $
3. $
4. $
5. $
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIEDAppropriated for
in Budget ofIn Favor of On Account of Date Entered Amount Year 2015
1. $
2. $
3. $
4. $
Sheet 31
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR BONDS
(COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS
Outstanding January 1, 2014 80033-01 XXXXXXXX XX 11,065,000.00
Issued 80033-02 XXXXXXXX XX 0.00
Paid 80033-03 2,770,000.00 XXXXXXXX XX
Outstanding December 31, 2014 80033-04 8,295,000.00 XXXXXXXX XX11,065,000.00 11,065,000.00
2015 Bond Maturities - General Capital Bonds 80033-05 $2015 Interest on Bonds * 80033-06 $ 369,825.00
ASSESSMENT SERIAL BONDS
Outstanding January 1, 2014 80033-07 XXXXXXXX XX
Issued 80033-08 XXXXXXXX XX
Paid 80033-09 XXXXXXXX XX
not applicable
Outstanding December 31, 2014 80033-10 XXXXXXXX XX
0.00 0.00
2015 Bond Maturities - Assessment Bonds 80033-11 $
2015 Interest on Bonds * 80033-12 $ 0.00
Total "Interest on Bonds - Debt Service" (*Items) 80033-13 $ 369,825.00
LIST OF BONDS ISSUED DURING 2014
Date of InterestIssue Rate
not applicable
Total80033-14 80033-15
Purpose 2015 Maturity Amount Issued
2015 DebtService
CreditDebit
2,760,000.00
0.00
Sheet 31a
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2015 DEBT SERVICE FOR LOANS
(COUNTY) (MUNICIPAL) LOAN
Outstanding January 1, 2014 80033-01 XXXXXXXX XX
Issued 80033-02 XXXXXXXX XX
Paid 80033-03 XXXXXXXX XX
Outstanding December 31, 2014 80033-04 XXXXXXXX XX
2015 Loan Maturities 80033-05 $
2015 Interest on Loans 80033-06 $
Total 2015 Debt Service for Loan 80033-13 $
LOAN
Outstanding January 1, 2014 80033-07 XXXXXXXX XX
Issued 80033-08 XXXXXXXX XX
Paid 80033-09 XXXXXXXX XX
Outstanding December 31, 2014 80033-10 XXXXXXXX XX
2015 Loan Maturities 80033-11 $
2015 Interest on Loans 80033-12 $
Total 2015 Debt Service for Loan 80033-13 $
LIST OF LOANS ISSUED DURING 2014
Date of InterestIssue Rate
Total80033-14 80033-15
Purpose 2015 Maturity Amount Issued
2015 DebtCreditDebitService
Sheet 32
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Outstanding January 1, 2014 80034-01 XXXXXXXX XX
Paid 80034-02 XXXXXXXX XX
Outstanding December 31, 2014 80034-03 XXXXXXXX XX
2015 Bond Maturities - Term Bonds 80034-04 $2015 Interest on Bonds * 80034-05 $
TYPE I SCHOOL SERIAL BOND
Outstanding January 1, 2014 80034-06 XXXXXXXX XX
Issued 80034-07 XXXXXXXX XX
Paid 80034-08 XXXXXXXX XX
Outstanding December 31, 2014 80034-09 XXXXXXXX XX
2015 Interest on Bonds * 80034-10 $
2015 Bond Maturities - Serial Bonds 80034-11 $
Total "Interest on Bonds - Type I School Debt Service" (*Items) 80034-12 $
Date of Interest-01 -02 Issue Rate
Total 80035-
Outstanding 2015 InterestDec. 31, 2014 Requirement
1. Emergency Notes 80036- $ $
2. Special Emergency Notes 80037- $ $
3. Tax Anticipation Notes 80038- $ $
4. Interest on Unpaid State and County Taxes 80039- $ $
5. $ $
6. $ $
2015 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
2015 DebtService
Debit Credit
LIST OF BONDS ISSUED DURING 2014Purpose 2015 Maturity Amount Issued
Sheet 33
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Date Rate Interestof of Computed to
Maturity Interest (Insert Date)
1.
2.
3.
4.
5.
6.
7.Sheet 33 8.
9.
10.
11.
12.
13.
14.
TotalMemo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. 80051-01 80051-02Memo: Type I School Notes should be separately listed and totaled.Memo: Refunding Bond Anticipation Notes 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 2012 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2015 orwritten 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. (Do not crowd - add additional sheets)
Title or Purpose of IssueOriginalAmountIssued
OriginalDate ofIssue*
Dec. 31, 2014
2015 Budget Requirement
For Principal For Interest**
Amountof Note
Outstanding
Sheet 34
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Date Rate Interestof of Computed to
Maturity Interest (Insert Date)
1.
2.
3.
4.
5.
6.
Sheet 34 7.
8.
9.
10.
11.
12.
13.
14.
TotalMEMO: *See Sheet 33 for clarification of "Original Date of Issue" 80051-01 80051-02
Assessment Notes with an original date of issue of December 31, 2012 or prior must be appropriated in full in the 2015 Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement.
**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd - add additional sheets)
2015 Budget RequirementTitle or Purpose of Issue Amount Date of of Note
Original Original Amount
For InterestDec. 31, 2014 **
Issued Issue* Outstanding For Principal
Sheet 34a
1
2.
3.
4.
5.Sheet 34a 6.
7.
8.
9.
10.
11.
12.
13.
Total80051-01 80051-02
(Do not crowd - add additional sheets)
OutstandingDec. 31, 2014
For Principal For Interest/Fees
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
PurposeAmount
of Obligation2015 Budget Requirement
Sheet 35
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
1583 Video Conference & Media Project 1,022.63 1,022.63
1711F Computer 349.00 349.00 -
1716 Farmstead Stabilization 3,683.61 3,683.61 -
1768 Kennedy Barn 6,414.33 6,414.33 -
1873C Facility Improvements 432.01 432.01
1873D Security Upgrades 24,184.50 4,080.00 16,044.54 4,059.96
2010C Facility Improvements 1,299.43 1,299.43 -
Sheet 35 2010E Police 497.45 497.45 -
2010K Public Works 6,707.15 6,707.15 (0.00)
2076C Buildings 7,231.08 7,231.08 -
2076E Police Equipment 5,474.75 5,474.75 -
2082 Pool Improvements 2,169.79 2,169.79
2120C Facility Improvements 98,998.70 98,998.70 -
2120F Police Equipment 29,680.00 14,455.00 15,225.00
2120G Systems Administration 10,695.30 2,143.00 8,552.30 -
2120H BRFA Emergency Equipment 4,696.20 4,696.20 0.00
2120I BRFC Emergency Equipment 10,000.00 10,000.00
Subtotal this Sheet ONLY 213,535.93 - - 6,223.00 164,305.60 10,097.94 32,909.39 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
EncumbrancesBalance - January 1, 2014
Funded Unfunded2014
Authorizations Unfunded
Balance - December 31, 2014Expended Authorizations
Canceled Funded
Sheet 35a
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
2120K Grounds Equipment 17,005.00 17,005.00
2,154 Engineering Projects 95.00 95.00 -
2161A Farmstead Access Road 62,454.20 62,454.20 -
2161C Facility Improvements 51,655.20 10,023.67 41,631.53 -
2161F Police Equipment 36,000.00 1,672.22 10,327.78 24,000.00
2161G Systems Administration 16,551.04 16,551.04 -
2161H BRFA Ambulance and Equipment 9,119.63 1,093.31 2,594.08 5,432.24
2161J LCFC Emergency Equipment 194.55 194.55 (0.00)
Sheet 35a 2161K Grounds Equipment 47,461.60 47,461.60
2177 Farmstead Historical (NJ Grant) 10,946.00 10,946.00 -
2,180 Emergency Communications Equipment 523,019.51 519,519.51 3,500.00 -
2,191 Dunham Roller Hockey Rink 14,544.62 14,544.62
2,192 Pool Improvements 13,576.35 13,576.35 (0.00)
2193A Engineering Projects 152,204.65 11,025.60 129,604.06 11,574.99
2193C Facility Improvements 4,000.00 4,000.00 -
2193D Park Infrastructure Improvements 21,988.55 12,498.55 9,490.00 -
2193E DPW Equipment/Repairs 30,998.11 30,998.11 -
Subtotal this Sheet ONLY 1,011,814.01 - - 559,832.86 331,867.70 95.00 120,018.45 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
Unfunded Authorizations Canceled
Balance - January 1, 2014 Balance - December 31, 20142014 Expended Authorizations
Funded UnfundedFunded Encumbrances
Sheet 35b
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
2193F Police Equipment 12,000.00 12,000.00
2193G Systems Administration 1,994.54 1,411.20 583.34
2193H BRFA Emergency Equipment 4,732.89 4,732.89 -
2193J LCFC Emergency Equipment 18,700.00 7,492.22 11,207.78
2193K Grounds Equipment 57,610.40 35,520.17 22,090.23
2228 Pool Improvements 4,600.00 4,600.00 -
2233A Engineering Projects 356,182.14 23,820.00 190,634.75 141,727.39
2233B Fleet Replacement 150,000.00 129,110.50 20,889.50 -
2233C Facility Improvements 138,114.00 9,126.00 26,816.33 102,171.67
Sheet 35b 2233D DPW Equipment Repairs 48,019.45 42,737.60 5,281.85
2233E Systems Administration 80,173.18 14,472.80 52,434.51 13,265.87
2233F Grounds Equipment 29,200.00 29,200.00
2238A Emergency Generator 256,120.82 97,872.40 2,473.50 155,774.92
2238B BRFA Emergency Equipment 10,000.00 10,000.00 -
2238C BRFC Emergency Equipment 20,000.00 5,595.75 7,108.00 7,296.25
2238D LCFC Emergency Equipment 20,000.00 20,000.00
Subtotal this Sheet ONLY 1,207,447.42 - - 294,730.34 392,117.78 - 520,599.30 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
Unfunded
Balance - January 1, 2014 Balance - December 31, 20142014 Expended Authorizations
Funded Unfunded Authorizations Canceled FundedEncumbrances
Sheet 35c
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
2238E Park Infrastructure Improvements 50,000.00 36,383.41 13,616.59
2238F Police Equipment 945.61 848.11 97.50
2264A Engineering Projects - 1,670,000.00 8,555.96 1,559,695.64 101,748.40
2264B DPW Equipment and Repairs - 460,000.00 17,990.74 372,009.26 70,000.00
2270A Engineering Projects - 160,000.00 47,102.08 202.76 112,695.16
2270B Fleet - 335,000.00 105,009.50 22,945.00 207,045.50
2270C Facility Improvements 177,400.00 4,650.00 39,000.00 133,750.00
Sheet 35c 2270D Park Infrastructure Improvements 175,000.00 70,000.00 105,000.00
2270E Pool Bathrooms 222,000.00 22,592.78 199,407.22 -
2270F Police Equipment 35,150.00 11,282.50 23,867.50
2270G Systems Administration 33,400.00 972.38 21,134.52 11,293.10
2270H BRFA Equipment 10,000.00 1,661.80 8,338.20
2270I BRFC Equipment 20,000.00 20,000.00
2270J LCFC Equipment 20,000.00 7,363.14 12,636.86
2270K Grounds Equipment 100,000.00 93,667.20 6,332.80
Grand Total 70000- 2,483,742.97 - 3,417,950.00 1,183,067.99 3,169,483.29 49,192.94 1,499,948.75 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
Funded Unfunded
Balance - January 1, 2014 Balance - December 31, 20142014 Expended Authorizations
Funded Unfunded Authorizations Encumbrances Canceled
Sheet 36
Balance January 1, 2014 80031-01 XXXXXXXX XX 1,638,311.12
Received from 2014 Budget Appropriation * 80031-02 XXXXXXXX XX 2,685,000.00
XXXXXXXX XXImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund) 80031-03 XXXXXXXX XX 49,192.94
Grants and Other Deposits Reimbursed to the CIF 294,750.18
List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXXXX XX XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
Appropriated to Finance Improvement Authorizations 80031-04 3,417,950.00 XXXXXXXX XX
XXXXXXXX XX
Balance December 31, 2014 80031-05 1,249,304.24 XXXXXXXX XX
4,667,254.24 4,667,254.24
* The full amount of the 2014 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.
SCHEDULE OF CAPITAL IMPROVEMENT FUND
GENERAL CAPITAL FUND
Debit Credit
Sheet 37
Balance January 1, 2014 80030-01 XXXXXXXX XX
Received from 2014 Budget Appropriation * 80030-02 XXXXXXXX XX
Received from 2014 Emergency Appropriation * 80030-03 XXXXXXXX XX
Appropriated to Finance Improvement Authorizations 80030-04 XXXXXXXX XX
XXXXXXXX XX
Balance December 31, 2014 80030-05 XXXXXXXX XX0 0
*The full amount of the 2014 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.
4/15/14 Ordinance #2264 Multipurpose 2,130,000.00 2,130,000.00
5/13/14 Ordinance #2270 Multipurpose 1,287,950.00 1,287,950.00
Total 80032-00 3,417,950.00 - 3,417,950.00
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.
CAPITAL IMPROVEMENTS AUTHORIZED IN 2014AND DOWN PAYMENTS (N.J.S. 40A:2-11)
GENERAL CAPITAL FUND ONLY
Amount of Down
GENERAL CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit Credit
Payment in Budgetof 2014 or Prior
Years
Down PaymentProvided byOrdinance
Purpose TotalObligationsAuthorized
AmountAppropriated
Sheet 38
Balance January 1, 2014 80029-01 XXXXXXXX XX -
Premium on Sale of Bonds XXXXXXXX XX 0
Funded Improvement Authorizations Canceled XXXXXXXX XX 0
Appropriated to Finance Improvement Authorizations 80029-02 0 XXXXXXXX XX
Appropriated to 2014 Budget Revenue 80029-03 - XXXXXXXX XX
Balance December 31, 2014 80029-04 0 XXXXXXXX XX
0.00 0.00
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 orChapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants;Outstanding December 31, 2014 $
2. Amount of Cash in Special Trust Fund as of December 31, 2014 (Note A) $
3. Amount of Bonds Issued Under Item 1Maturing in 2015 $
4. Amount of Interest on Bonds with aCovenant - 2015 Requirement $
5. Total of 3 and 4 - Gross Appropriation $
6. Less Amount of Special Trust Fund to be Used $
7. Net Appropriation Required $
NOTE A - This amount to be supported by confirmation from bank or banks
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto
Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with theamount of Item 7 extended into the 2014 appropriation column.
GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS
YEAR - 2014
Debit Credit
Sheet 39
A.1. Total Tax Levy for the Year 2014 was $ 127,946,277.67
2. Amount of Item 1 Collected in 2014 (*) $ 127,575,841.00
3. Seventy (70) percent of Item 1 $ 89,562,394.37
(*) Including prepayments and overpayments applied.
B.1. Did any maturities of bonded obligations or notes fall due during the year 2014?
Answer YES or NO YES2. Have payments been made for all bonded obligations or notes due on or before
December 31, 2014?
Answer YES or NO: YES If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered
C. Does the appropriation required to be included in the 2015 budget for the liquidation of allbonded 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 2013 $ 0
2. 4% of 2013 Tax Levy for all purposes:Levy - - $ 125,203,678.67 = $ 5,008,147.15
3. Cash Deficit 2014 $ 0
4. 4% of 2014 Tax Levy for all purposes:Levy - - $ 127,946,277.67 = $ 5,117,851.11
E. Unpaid 2013 2014 Total
1. State Taxes $ - $ - $ -
2. County Taxes $ - $ - $ -
3. Amounts due Special Districts
$ - $ - $ -
4. Amounts due School Districts for Local School Tax
$ - $ - $ -
MUNICIPALITIES ONLY
IMPORTANTThis 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)
Sheet 40
Note:
If no "utility fund" existed on the books of account and if no utility wasowned and operated by the municipality during the year 2014, please ob-serve instructions of Sheet 2.
UTILITIES ONLY
SHEETS 40 to 68, INCLUSIVE, PERTAIN TO
Sheet 41
(Do not crowd - add additional sheets)
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
(Separately Stated)Operating and Capital Sections
AS AT DECEMBER 31, 2014TRIAL BALANCE - WATER UTILITY FUND
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit CreditTitle of Account
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
POST CLOSING
Sheet 42
(Do not crowd - add additional sheets)
AS AT DECEMBER 31, 2014
CreditDebitTitle of Account
POST CLOSING TRIAL BALANCEUTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
Sheet 43
Assessment Serial Bond Issues: XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX
Assessment Bond Anticipation Note Issues: XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX
Sheet 43
Other Liabilities
Trust Surplus
Less Assets "Unfinanced" XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX
and LiensOperating
Budget
Title of Liability to which Cash
and Investments are Pledged
Balance
Dec. 31, 2013
RECEIPTSAssessments Dec. 31, 2014
ANALYSIS OF WATER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS
Disbursements BalanceAudit
Sheet 44
Operating Surplus Anticipated 91301-Operating Surplus Anticipated with Consentof Director of Local Govt. Services 91302-
Rents 91303-
Fire Hydrant Service 91304-
Miscellaneous 91305-
Added by N.J.S. 40A:4-87: (List) XXXXXX XX XXXXXX XX XXXXXX XX
Subtotal
Deficit (General Budget) ** 91306-
91307-**Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" mustagree with amounts shown for such items on Sheet 45.
Appropriations XXXXXX XX
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
Reserved
Surplus (General Budget) **
Total Expenditures
Unexpended Balance Canceled (See Footnote)FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate withthis item.
RE: UNEXPENDED BALANCES CANCELED:Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overex-
penditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
in CashExcess orDeficit*
STATEMENT OF BUDGET APPROPRIATIONS
SCHEDULE OF WATER UTILITY BUDGET - 2014BUDGET REVENUES
Source Budget Received
Sheet 45
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2014 Water Utility Budget containedeither an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (GeneralBudget)"Section 2 should be filled out in every case.
SECTION 1:
Revenue Realized: XXXXXX XX
Budget Revenue (Not Including "Deficit (General Budget)")
Miscellaneous Revenue Not Anticipated
2013 Appropriation Reserves Canceled *
Total Revenue Realized
Expenditures: XXXXXX XX
Appropriations (Not Including "Surplus (General Budget)") XXXXXX XX
Paid or Charged
Reserved
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Overexpenditure of Appropriation Reserves
Total ExpendituresLess: Deferred Charges Included In Above "Total Expenditures"
Total Expenditures - As Adjusted
Excess
Budget Appropriation - Surplus (General Budget) **Balance of "Results of 2014 Operation"
Remainder= ("Excess in Operations" - Sheet 46)
Deficit
Anticipated Revenue - Deficit (General Budget) **Balance of "Results of 2014 Operation"
Remainder= ("Operating Deficit - to Trial Balance" - Sheet 46)
SECTION 2:
The following Item of "2013 Appropriation Reserves Canceled in 2014" Is Due to the Current Fund TO THEEXTENT OF the amount Received and Due from the General Budget of 2013 for an Anticipated Deficit in theWater Utility for 2013:
2013 Appropriation Reserves Canceled in 2014Less: Anticipated Deficit in 2013 Budget - Amount Received and Due from Current Fund - If none, enter "None"
*Excess (Revenue Realized)
**Items must be shown in same amounts on Sheet 44.
STATEMENT OF 2014 OPERATIONWATER UTILITY
Sheet 46
Excess in Anticipated Revenues XXXXXX XX
Unexpended Balances of Appropriations XXXXXX XX
Miscellaneous Revenue Not Anticipated XXXXXX XX
Unexpended Balances of 2013 Appropriation Reserves * XXXXXX XX
Deficit in Anticipated Revenue XXXXXX XX
XXXXXX XX
Operating Deficit - to Trial Balance XXXXXX XX
Excess in Operations - to Operating Surplus XXXXXX XX
*See restriction in amount on Sheet 45, SECTION 2
OPERATING SURPLUS - WATER UTILITY
Balance January 1, 2014 XXXXXX XX
Excess in Results of 2014 Operations XXXXXX XX
Amount Appropriated in 2014 Budget - Cash XXXXXX XXAmount Appropriated in 2014 Budget with Prior WrittenConsent of Director of Local Government Services XXXXXX XX
Balance December 31, 2014 XXXXXX XX
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 Operating Surplus*
Deferred Charges #
Operating Deficit #
Total Other Assets
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2015 BUDGET.* In the case of a "Deficit in Operating Surplus Cash", "other Assets" would be also pledged to cash liabilities.
ANALYSIS OF BALANCE DECEMBER 31, 2014(FROM WATER UTILITY - TRIAL BALANCE)
RESULTS OF 2014 OPERATIONS - WATER UTILITY
Debit Credit
Debit Credit
Sheet 47
SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE
Balance December 31, 2013 $
Increased by:
Water Rents Levied $
Decreased by:
Collections $
Overpayments applied $
Transfer to Water Liens $
Other $
$
Balance December 31, 2014 $
SCHEDULE OF WATER UTILITY LIENS
Balance December 31, 2013 $
Increased by:
Transfers from Accounts Receivable $
Penalties and Costs $
Other $
$
Decreased by:
Collections $
Other $
$
Balance December 31, 2014 $
Sheet 48
AmountCaused by Dec. 31, 2013 Amount in Amount Balance
per Audit 2014 Resulting as atReport Budget from 2014 Dec. 31, 2014
1. Emergency Authorization - * $ $ $ $
2. $ $ $ $
3. $ $ $ $
4. $ $ $ $
5. $ $ $ $
6. $ $ $ $
7. $ $ $ $
8. $ $ $ $
9. $ $ $ $
10. $ $ $ $
*Do not include items funded or refunded as listed below.
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEENFUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date Purpose Amount
1. $
2. $
3. $
4. $
5. $
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIEDAppropriated for
in Budget ofIn favor of On Account of Date Entered Amount Year 2015
1. $
2. $
3. $
4. $
DEFERRED CHARGES- MANDATORY CHARGES ONLY -
(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
WATER UTILITY FUND
Sheet 49
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2015 DEBT SERVICE FOR BONDS
WATER UTILITY ASSESSMENT BONDS
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Bond Maturities - Assessment Bonds $
2015 Interest on Bonds * $
WATER UTILITY CAPITAL BONDS
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Bond Maturities - Capital Bonds $
2015 Interest on Bonds * $
INTEREST ON BONDS - WATER UTILITY BUDGET
2015 Interest on Bonds (*Items) $
Less: Interest Accrued to 12/31/2014 (Trial Balance) $
Subtotal $
Add: Interest to be Accrued as of 12/31/2015 $
Required Appropriation 2015 $LIST OF BONDS ISSUED DURING 2014
Date of InterestIssue Rate
2013 DebtService
Purpose 2015 Maturity Amount Issued
Debit Credit
Sheet 49a
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2015 DEBT SERVICE FOR LOANS
WATER UTILITY LOAN
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Loan Maturities $
2015 Interest on Loans * $
WATER UTILITY LOAN
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Loan Maturities $
2015 Interest on Loans * $
INTEREST ON LOANS - WATER UTILITY BUDGET
2015 Interest on Loans (*Items) $
Less: Interest Accrued to 12/31/2014 (Trial Balance) $
Subtotal $
Add: Interest to be Accrued as of 12/31/2015 $
Required Appropriation 2015 $LIST OF LOANS ISSUED DURING 2014
Date of InterestIssue Rate
Purpose 2015 Maturity Amount Issued
2013 Debt Service
Debit Credit
Sheet 50
DEBT SERVICE SCHEDULE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
1.
2.
3.
4.
5.
6.
7.
Sheet 50 8.
9.
10.
Important: If there is more than one utility in the municipality, identify each note. INTEREST ON NOTES - WATER UTILITY BUDGET
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2015 Interest on Notes $
of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2014 (Trial Balance) $
* See Sheet 33 for clarification of "Original Date of Issue". Subtotal $
All notes with an original date of issue of 2012 or prior require one legal payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2015 $
is contemplated that such notes will be renewed in 2015 or written intent of permanent financing submitted. Required Appropriation - 2015 $
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column. (Do not crowd - add additional sheets)
Title or Purpose of IssueOriginalAmountIssued
OriginalDate ofIssue*
Dec. 31, 2014
Date
For Interest**
Rateof
Interest
2015 Budget RequirementAmount
Outstanding For PrincipalMaturityofof Note
Sheet 51
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
InterestComputed to(Insert Date)
1.
2.
3.
4.
5.
6.
Sheet 51 7.
8.
9.
10.
11.
12.
13.
14.
15.Important: If there is more than one utility in the municipality, identify each note.Memo *See Sheet 33 for clarification of "Original Date of Issue".
Utility Assessment Notes with an original date of issue of December 31, 2012 or prior must be appropriated in full in the 2015 Dedicated Utility Assessment Budget or written intent ofpermanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".
Title or Purpose of Issue Amount Date of of Note ofIssued
Dec. 31, 2014 **
Date RateOriginal Original Amount
For PrincipalIssue* Outstanding Maturity Interest
2015 Budget Requirement
For Interestof
Sheet 51a
Purpose
1.
2.
3.
4.
5.
6.
Sheet 51a 7.
8.
9.
10.
11.
12.
13.
14.
Total
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Dec. 31, 2014Outstandingof Obligation
Amount 2015 Budget Requirement
For Principal For Interest/Fees
Sheet 52
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
Sheet 52
Total 70000-Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
Balance - January 1, 2014
Funded Unfunded2014
Authorizations Unfunded
Balance - December 31, 2014Expended Authorizations
Canceled Funded
Sheet 53
WATER UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND
Balance January 1, 2014 XXXXXX XX
Received from 2014 Budget Appropriation * XXXXXX XX
XXXXXX XXImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund) XXXXXX XX
List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXX XX XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
XXXXXX XX
Balance December 31, 2014 XXXXXX XX
WATER UTILITY CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Debit Credit
Balance January 1, 2014 XXXXXX XX
Received from 2014 Budget Appropriation * XXXXXX XX
Received from 2014 Emergency Appropriation * XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
XXXXXX XX
Balance December 31, 2014 XXXXXX XX
*The full amount of the 2014 appropriation should be transferred to this account unless the balance of theappropriation is permitted to lapse.
Debit Credit
Sheet 54
UTILITY FUND CAPITAL IMPROVEMENTS AUTHORIZED IN 2014
AND DOWN PAYMENTS (N.J.S. 40A:2-11)
UTILITIES ONLY
Total
WATER UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS
YEAR 2014
Balance January 1, 2014 XXXXXX XX
Premium on Sale of Bonds XXXXXX XX
Funded Improvement Authorizations Canceled XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
Appropriated to 2014 Budget Revenue XXXXXX XX
Balance December 31, 2014 XXXXXX XX
of 2014 or PriorPayment in BudgetAmount of Down
Years
Credit
AmountAppropriatedPurpose
Debit
Down PaymentProvided byOrdinance
TotalObligationsAuthorized
Sheet 55
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility CapitalSection in the same manner as set forth in General Capital Fund on Sheet 8
POST CLOSING TRIAL BALANCE - GOLF UTILITY FUND
AS AT DECEMBER 31, 2014OPERATING AND CAPITAL SECTIONS
(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Cash - Treasurer 288,048.92
Change Fund 100.00
Reserve for Encumbrances 6,117.84 C
Appropriation Reserves 29,473.37 C
Due Veterans Administration 10,000.00 C
Subtotal of Cash Liabilities 45,591.21
Fund Balance - Reserved 242,557.71
288,148.92 288,148.92 (Do not crowd - add additional sheets)
CreditDebitTitle of Account
Sheet 56
POST CLOSING TRIAL BALANCEUTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2014
(Do not crowd - add additional sheets)
Debit CreditTitle of Account
Sheet 57
ANALYSIS OF GOLF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS
Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Sheet 57 Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Other Liabilities
Trust Surplus
Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Title of Liability to which Cashand Investments are Pledged
AuditBalance
Dec. 31, 2013and Liens
OperatingBudget
DisbursementsBalance
Dec. 31, 2014RECEIPTS
Assessments
Sheet 58
SCHEDULE OF GOLF UTILITY BUDGET - 2014BUDGET REVENUES
Operating Surplus Anticipated ____________ 01 82,538.07 82,538.07 - Operating Surplus Anticipated with Consentof Director of Local Govt. Services ____________ 02 -
Membership 330,000.00 335,417.00 5,417.00
Irrigation Assessments 10,000.00 15,750.00 5,750.00
Miscellaneous 70,000.00 79,280.02 9,280.02
-
-
Added by N.J.S. 40A:4-87 (List) XXXXXX XX XXXXXX XX -
-
-
-
Subtotal 492,538.07 512,985.09 20,447.02
Deficit (General Budget) ** ____________ 07 - -
____________ 08 492,538.07 512,985.09 20,447.02
**Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree withamounts shown for such items on Sheet 59.
STATEMENT OF BUDGET APPROPRIATIONS
Appropriations: XXXXXX XX
Adopted Budget 492,538.07
Added by N.J.S. 40A:4-87 -
Emergency -
Total Appropriations 492,538.07
Add: Overexpenditures (See Footnote) -
Total Appropriations and Overexpenditures 492,538.07
Deduct Expenditures:
Paid or Charged 463,064.70
Reserved 29,473.37
Surplus (General Budget) **
Total Expenditures 492,538.07
Unexpended Balance Canceled (See Footnote) - FOOTNOTES - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.RE: UNEXPENDED BALANCE CANCELED:Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Over expenditures"
must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"
Deficit*in CashSource Budget Received Excess or
Sheet 59
STATEMENT OF 2014 OPERATIONUTILITY
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2014 GOLF UtilityBudget 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: N/A
Revenue Realized: XXXXXX XX
Budget Revenue (Not Including "Deficit (General Budget)")
Miscellaneous Revenue Not Anticipated2013 Appropriation Reserves Canceled * (Excess Revenue Realized)
Total Revenue Realized
Expenditures: XXXXXX XX
Appropriations (Not Including "Surplus (General Budget)") XXXXXX XX
Paid or Charged
Reserved
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Overexpenditure of Appropriation Reserves
Total ExpendituresLess: Deferred Charges Included In
Above "Total Expenditures"
Total Expenditures - As Adjusted
Excess
Budget Appropriation - Surplus (General Budget) **Remainder = Balance of "Results of 2014 Operation"
("Excess in Operations" - Sheet 60)
Deficit
Anticipated Revenue - Deficit (General Budget) **Remainder = Balance of "Results of 2014 Operation"
("Operating Deficit - to Trial Balance" - Sheet 60)
SECTION 2:The following Item of "2013 Appropriation Reserves Canceled in 2014" Is Due to the Current Fund TO THEEXTENT OF the amount Received and Due from the General Budget of 2013 for an Anticipated Deficit in theGolf Utility for 2013:
2013 Appropriation Reserves Canceled in 2014 83,806.94 Less: Anticipated Deficit in 2013 Budget - Amount Received and Due from Current Fund - If none, enter "None" None
* Excess (Revenue Realized) 83,806.94
**Items must be shown in same amounts on Sheet 58.
GOLF
Sheet 60
RESULTS OF 2014 OPERATIONS UTILITY
Excess in Anticipated Revenues XXXXXX XX 20,447.02
Unexpended Balances of Appropriations XXXXXX XX
Miscellaneous Revenue Not Anticipated XXXXXX XX
Unexpended Balances of 2013 Appropriation Reserves* XXXXXX XX 83806.94
Deficit in Anticipated Revenue XXXXXX XX
Amount Due Veterans Administration 10,000.00 XXXXXX XX
Operating Deficit - to Trial Balance XXXXXX XX
Excess in Operations - to Operating Surplus 94,253.96 XXXXXX XX* See restriction in amount on Sheet 59, SECTION 2 104,253.96 104,253.96
OPERATING SURPLUS - UTILITY
Balance January 1, 2014 XXXXXX XX 230841.82
Excess in Results of 2014 Operations XXXXXX XX 94,253.96
Amount Appropriated in 2014 Budget - Cash 82,538.07 XXXXXX XXAmount Appropriated in 2014 Budget with Prior Written Consent
of Director of Local Government Services XXXXXX XX
Balance December 31, 2014 242,557.71 XXXXXX XX
325,095.78 325,095.78
ANALYSIS OF BALANCE DECEMBER 31, 2014(FROM UTILITY - TRIAL BALANCE)
Cash 288,148.92
Investments
Interfund Accounts Receivable
Subtotal 288,148.92
Deduct Cash Liabilities Marked with "C" on Trial Balance (45,591.21)
Operating Surplus Cash or (Deficit in Operating Surplus Cash) 242,557.71
*Other Assets Pledged to Operating Surplus
Deferred Charges #
Operating Deficit #
Total Other Assets -
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2015 BUDGET 242,557.71
* In the case of a "Deficit in Operating Surplus Cash", "Other Assets" would also be pledged to cashliabilities
GOLF
GOLF
GOLF
Debit Credit
Debit Credit
Sheet 61
SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE
Balance December 31, 2013 $
Increased by:
Rents Levied $
Decreased by:
Collections $
Overpayments applied $
Transfer to Liens $
Other $
$
Balance December 31, 2014 $
SCHEDULE OF LIENSBalance December 31, 2013 $
Increased by:
Transfers from Accounts Receivable $
Penalties and Costs $
Other $
$
Decreased by:
Collections $
Other $ $
Balance December 31, 2014 $
GOLF
GOLF
Sheet 62
DEFERRED CHARGES- MANDATORY CHARGES ONLY -
GOLF UTILITY FUND(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
AmountCaused by Dec. 31, 2013 Amount in Amount Balance
per Audit 2014 Resulting as atReport Budget from 2014 Dec. 31, 2014
1. Emergency Authorization - * $ $ $ $
2. $ $ $ $
3. $ $ $ $
4. $ $ $ $
5. $ $ $ $
6. $ $ $ $
7. $ $ $ $
8. $ $ $ $
9. $ $ $ $
10. $ $ $ $
*Do not include items funded or refunded as listed below.
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEENFUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date Purpose Amount
1. $
2. $
3. $
4. $
5. $
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIEDAppropriated for
in Budget ofIn favor of On Account of Date Entered Amount Year 2015
1. $
2. $
3. $
4. $
Sheet 63
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2015 DEBT SERVICE FOR BONDS
UTILITY ASSESSMENT BONDS
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Bond Maturities - Assessment Bonds $2015 Interest on Bonds * $
UTILITY CAPITAL BONDS
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Bond Maturities - Capital Bonds $
2015 Interest on Bonds * $
INTEREST ON BONDS - UTILITY BUDGET
2015 Interest on Bonds (*Items) $
Less: Interest Accrued to 12/31/2014 (Trial Balance) $
Subtotal $
Add: Interest to be Accrued as of 12/31/2015 $
Required Appropriation 2015 $
LIST OF BONDS ISSUED DURING 2014
Date of InterestIssue Rate
GOLF
GOLF
GOLF
Purpose
Debit Credit 2015 DebtService
2015 Maturity Amount Issued
Sheet 63a
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2015 DEBT SERVICE FOR LOANS
UTILITY LOAN
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Loan Maturities $2015 Interest on Loans * $
UTILITY LOAN
Outstanding January 1, 2014 XXXXXX XX
Issued XXXXXX XX
Paid XXXXXX XX
Outstanding December 31, 2014 XXXXXX XX
2015 Loan Maturities $
2015 Interest on Loans * $
INTEREST ON LOANS - UTILITY BUDGET
2015 Interest on Loans (*Items) $
Less: Interest Accrued to 12/31/2014 (Trial Balance) $
Subtotal $
Add: Interest to be Accrued as of 12/31/2015 $
Required Appropriation 2015 $
LIST OF LOANS ISSUED DURING 2014
Date of InterestIssue Rate
GOLF
GOLF
GOLF
2014 DebtService
Purpose 2015 Maturity Amount Issued
Debit Credit
Sheet 64
DEBT SERVICE SCHEDULE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
1.
2.
3.
4.
5.
6.
Sheet 64 7.
8.
9.
10.
Important: If there is more than one utility in the municipality, identify each note. INTEREST ON NOTES - UTILITY BUDGET
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2015 Interest on Notes $
of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2014 Trial Balance) $
* See Sheet 33 for clarification of "Original Date of Issue". Subtotal $
All notes with an original date of issue of 2012 or prior require one legal payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2015 $
is contemplated that such notes will be renewed in 2015 or written intent of permanent financing submitted. Required Appropriation - 2015 $
** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this
column. (Do not crowd - add additional sheets)
Title or Purpose of IssueOriginal
MaturityDate ofIssue*
ofof NoteAmount
Outstanding
OriginalAmountIssued
Dec. 31, 2014
Date
For Interest**
Rateof
Interest
2015 Budget Requirement
For Principal
Sheet 65
DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES
InterestComputed to(Insert Date)
1.
2.
3.
4.
5.
6.
Sheet 65 7.
8.
9.
10.
11.
12.
13.
14.
15.Important: If there is more than one utility in the municipality, identify each note.Memo: *See Sheet 33 for clarification of "Original Date of Issue".
Utility Assessment Notes with an original date of issue of December 31, 2012 or prior must be appropriated in full in the 2015 Dedicated Utility Assessment Budget or written intent ofpermanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".
Title or Purpose of Issue Amount Date of of Note ofIssued
Dec. 31, 2014 **
Date RateOriginal Original Amount
For PrincipalIssue* Outstanding Maturity Interest
2015 Budget Requirement
For Interestof
Sheet 65a
Purpose
1.
2.
3.
4.
5.
6.
Sheet 65a 7.
8.
9.
10.
11.
12.
13.
14.
Total80051-01 80051-02
(Do not crowd - add additional sheets)
Dec. 31, 2014For Principal
2015 Budget Requirement
For Interest/Fees
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Amountof ObligationOutstanding
Sheet 66
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)
IMPROVEMENTSSpecify each authorization by purpose. Do
not merely designate by a code number.
Sheet 66
Total 70000-Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
Balance - December 31, 2014Authorizations
Canceled Funded UnfundedExpended
Balance - January 1, 2014
Funded Unfunded2014
Authorizations
Sheet 67
UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND
Balance January 1, 2014 XXXXXX XX
Received from 2014 Budget Appropriation * XXXXXX XX
XXXXXX XXImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund) XXXXXX XX
List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXX XX XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
XXXXXX XX
Balance December 31, 2014 XXXXXX XX
UTILITY CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Balance January 1, 2014 XXXXXX XX
Received from 2014 Budget Appropriation * XXXXXX XX
Received from 2014 Emergency Appropriation * XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
XXXXXX XX
Balance December 31, 2014 XXXXXX XX
*The full amount of the 2014 appropriation should be transferred to this account unless the balance of theappropriation is permitted to lapse.
Debit Credit
CreditDebit
GOLF
GOLF
Sheet 68
UTILITY FUNDCAPITAL IMPROVEMENTS AUTHORIZED IN 2014
ANDDOWN PAYMENTS (N.J.S. 40A:2-11)
UTILITIES ONLY
UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS
YEAR 2014
Balance January 1, 2014 XXXXXX XX
Premium on Sale of Bonds XXXXXX XX
Funded Improvement Authorizations Canceled XXXXXX XX
Appropriated to Finance Improvement Authorizations XXXXXX XX
Appropriated to 2014 Budget Revenue XXXXXX XX
Balance December 31, 2014 XXXXXX XX
GOLF
Authorized
Down PaymentProvided byOrdinance
PurposeAmount
AppropriatedTotal
Obligations
Debit Credit
Amount of DownPayment in Budget
of 2014 or PriorYears