POPULATION LAST CENSUSNET VALUATION TAXABLE 2020
MUNICODE
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTESANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TOCERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENTSERVICES.
of , County of
Date
1
2
I hereby certify 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
Title
(This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)
REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:
I hereby certify that I am responsible for filing this verified Annual Financial Statement, (which I have prepared) or(which I have not prepared) [eliminate one] and information required also included herein and that this Statement is anexact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additionsare correct, that no transfers have been made to or from emergency appropriations and all statements contained hereinare in proof; I further certify that this statement is correct insofar as I can determine from all the books and recordskept and maintained in the Local Unit.
Further, I do hereby certify that I, ,am the Chief FinancialOfficer, License # , of the of
, County of and that thestatements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as atDecember 31, 2020, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurance asto the veracity of required information included herein, needed prior to certification by the Director of Local GovernmentServices, including the verification of cash balances as of December 31, 2020.
Signature
Title
Address
Phone Number
Fax Number
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPAREDBY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIALSTATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONSAND ASSERTIONS MADE HEREIN.
CMFO
915 Valley Road
Sheet 1
908-647-8000
908-647-4150
Examined By:
Preliminary Check
LONG HILL MORRISTOWNSHIP
Examined
CMFO
Nancy MaloolNO ENTRY
SEE BACK COVER FOR INDEX AND INSTRUCTIONS.DO NOT USE THESE SPACES
ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020(UNAUDITED)
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:COUNTIES - JANUARY 26, 2021
8,702
14301,662,223,178
MUNICIPALITIES - FEBRUARY 10, 2021
MORRISLONG HILLTOWNSHIP
THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:
Preparation by Registered Municipal Account (Statement of Statutory Auditor Only)
I 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 ofas of December 31, 2020 and have applied certain agreed-upon procedures thereon aspromulgated 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(no matters) [eliminate one] came to my attention that caused me to believe that the AnnualFinancial Statement for the year ended is not in substantial compliance with therequirements 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 governing body and Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of 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:
Certified by me
this day of ,2021
(Firm Name)
LONG HILLTOWNSHIP
Dec. 31, 2020
NO ENTRY(Registered Municipal Accountant)
Sheet 1a
(Address)
(Address)
(Phone Number)
(Fax Number)
One of the following Certifications must be signed by the Chief Financial Officer ifyour municipality is eligible for local examination.
1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;
2. All emergencies approved for the previous fiscal year did not exceed 3% of totalappropriations;
3. The tax collection rate exceeded 90%;
4. Total deferred charges did not equal or exceed 4% of the total tax levy;
5. There were no "procedural deficiencies" noted by the registered municipalaccountant on Sheet 1a of the Annual Financial Statement; and
6. There was no operating deficit for the previous fiscal year.
7. The municipality did not conduct an accelerated tax sale for less than 3 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 current year budget does not contain a Levy or Appropriation "CAP" waiver.
10. The municipality has not applied for Transitional Aid for 2021.
11. The municipality did not adopt a Special Emergency ordinance for COVID-relatedexpenses or loss of revenue (N.J.S.A. 40A:4-53 (l) and (m)).
The undersigned certifies that this municipality has complied in full in meeting ALL of theabove criteria in determining its qualification for local examination of its Budget in accordance with N.J.A. C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
The undersigned certifies that this municipality does not meet item(s) of the criteria above and therefore does not qualify for local
examination of its Budget in accordance with N.J.A.C. 5:30-7.5.
Municipality:
Chief Financial Officer:
Signature:
Certificate #:
Date:
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATIONBY
CHIEF FINANCIAL OFFICER
CERTIFICATION OF QUALIFYING MUNICIPALITY
Sheet 1b
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
TOWNSHIP OF LONG HILL
TOWNSHIP OF LONG HILL
Fiscal Year Ending:
(1) (3)Federal programs
Expended Other Federal(administered by Programs
the state) Expended
$ $ $
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 AccordanceWith Government Auditing Standards (Yellow Book)
Note: All local governments, who are recipients of federal and state awards (financial assistance), mustreport the total amount of federal and state funds expended during its fiscal year and the 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 government.Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance(CFDA) number reported in the State's grant/contract agreements.
(2) Report expenditures from state programs received directly from state government or indirectly frompass-through entities. 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.
3/3/2021Date
Report of Federal and State Financial Assistance
Expenditures of Awards
22-6002195Fed I.D. #
TOWNSHIP OF LONG HILLMunicipality
MORRISCounty
Sheet 1c
December 31, 2020
(2)
ProgramsExpended
State
[email protected] of Chief Financial Officer
TOTAL 24,012.47
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 UTILITY sheets from the
document.
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no
utility owned and operated by the of ,
County of during the year 2020 and that sheets 40 to 68 are unnecessary.
I have therefore removed from this statement the sheets pertaining 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 last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2021 and filed with the County Board of Taxation on January 10, 2021 in accordance
with the requirement of N.J.S.A. 54:4-35, was in the amount of $
Sheet 2
MUNICIPALITY
MORRIS
TOWNSHIP OF LONG HILL
COUNTY
IMPORTANT !
READ INSTRUCTIONS
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2020
LONG HILL
SIGNATURE OF TAX ASSESSOR
MORRIS
1,662,223,176.00
TOWNSHIP
Debit Credit
CASH 4,833,398.38
INVESTMENTS
DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS - 6,037.15
CHANGE FUND 275.00
Receivables with Full Reserves:
TAXES RECEIVABLE:
PRIOR 45.75
CURRENT 425,453.98
SUBTOTAL 425,499.73
TAX TITLE LIENS RECEIVABLE 564,791.29
PROPERTY ACQUIRED FOR TAXES 330,525.00
CONTRACT SALES RECEIVABLE -
MORTGAGE SALES RECEIVABLE -
REVENUE ACCOUNTS RECEIVABLE 1,138.26
DUE FROM ANIMAL CONTROL TRUST FUND 10,941.55
SEWER CHARGES RECEIVABLE 1,424.36
DUE TO GRANT FUND 45,696.14
DUE TO TRUST-SUI 585.42
DUE TO TRUST-OPEN SPACE 468.19
DUE TO GENERAL CAPITAL FUND 20,000.00
DEFERRED CHARGES:
EMERGENCY
SPECIAL EMERGENCY (40A:4-55) -
DEFICIT -
page totals 6,167,993.57 72,786.90 (Do not crowd - add additional sheets)
Sheet 3
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSINGTRIAL BALANCE - CURRENT FUND
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Debit Credit
TOTALS FROM PAGE 3 6,167,993.57 72,786.90
APPROPRIATION RESERVES 1,428,211.26
ENCUMBRANCES PAYABLE 226,451.04
CONTRACTS PAYABLE
TAX OVERPAYMENTS 40.00
PREPAID TAXES 408,457.53
DUE TO STATE:
MARRIAGE LICENCE 1,100.00
DCA TRAINING FEES 2,873.00
LOCAL SCHOOL TAX PAYABLE -
REGIONAL SCHOOL TAX PAYABLE -
REGIONAL H.S.TAX PAYABLE -
COUNTY TAX PAYABLE -
DUE COUNTY - ADDED & OMMITTED -
SPECIAL DISTRICT TAX PAYABLE -
RESERVE FOR TAX APPEAL 126,256.38
22,347.23
PAGE TOTAL 6,167,993.57 2,288,523.34
(Do not crowd - add additional sheets)Sheet 3a
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSINGTRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
Title of Account
RESERVE FOR OUTSIDE LIENS
Debit Credit
TOTALS FROM PAGE 3a 6,167,993.57 2,288,523.34
SUBTOTAL 6,167,993.57 2,288,523.34 "C"
RESERVE FOR RECEIVABLES 1,334,320.19
DEFERRED SCHOOL TAX -
DEFERRED SCHOOL TAX PAYABLE -
FUND BALANCE 2,545,150.04
TOTALS 6,167,993.57 6,167,993.57
Title of Account
NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSINGTRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31, 2020
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled
(Do not crowd - add additional sheets)Sheet 3a.1
Debit Credit
TOTALS - -
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Title of Account
(Do not crowd - add additional sheets)
Sheet 4
POST CLOSINGTRIAL BALANCE - PUBLIC ASSISTANCE FUND
ACCOUNTS #1 AND #2 *AS AT DECEMBER 31, 2020
Debit Credit
CASH 62,362.59
GRANTS RECEIVABLE 192,484.77
DUE FROM/TO CURRENT FUND 45,696.14
ENCUMBRANCES PAYABLE 10,792.12
APPROPRIATED RESERVES 268,899.59
UNAPPROPRIATED RESERVES 20,851.79
TOTALS 300,543.50 300,543.50
Title of Account
(Do not crowd - add additional sheets)
Sheet 5
POST CLOSING TRIAL BALANCEFEDERAL AND STATE GRANTS
AS AT DECEMBER 31, 2020
Debit Credit
ANIMAL CONTROL TRUST FUND
CASH 46,471.79
DUE TO - 10,941.55
DUE TO STATE OF NJ
RESERVE FOR ANIMAL CONTROL TRUST FUND 35,407.74
PREPAID LICENSES 122.50
FUND TOTALS 46,471.79 46,471.79
ASSESSMENT TRUST FUND
CASH -
DUE TO -
RESERVE FOR:
FUND TOTALS - -
MUNICIPAL OPEN SPACE TRUST FUND
CASH 805,888.93
DUE FROM CURRENT FUND 468.19
RESERVE FOR EXPENDITURES 806,357.12
FUND TOTALS 806,357.12 806,357.12
LOSAP TRUST FUND
CASH -
FUND TOTALS - -
Title of Account
Sheet 6
POST CLOSINGTRIAL BALANCE -- TRUST FUNDS
AS AT DECEMBER 31, 2020(Assessment Section Must Be Separately Stated)
(Do not crowd - add additional sheets)
Debit Credit
CDBG TRUST FUND
CASH -
DUE TO -
FUND TOTALS - -
ARTS AND CULTURAL TRUST FUND
CASH -
FUND TOTALS - -
OTHER TRUST FUNDS
CASH 1,785,441.59
DUE FROM CURRENT FUND - SUI 585.42
1,786,027.01
OTHER TRUST FUNDS PAGE TOTAL 1,786,027.01 1,786,027.01
Title of Account
(Do not crowd - add additional sheets)
Sheet 6.1
POST CLOSINGTRIAL BALANCE -- TRUST FUNDS (CONT'D)
AS AT DECEMBER 31, 2020(Assessment Section Must Be Separately Stated)
Debit Credit
Previous Totals 1,786,027.01 1,786,027.01
OTHER TRUST FUNDS (continued)
TOTALS 1,786,027.01 1,786,027.01
Sheet 6.2
POST CLOSINGTRIAL BALANCE -- TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
AmountDec. 31, 2019 Balance
per Audit as atReport Receipts Disbursements Dec. 31, 2020
Shade Tree 7,308.58 8,975.00 9,016.55 7,267.03
Uniform Fire Safety Penalties 8,793.76 378.00 9,171.76
POAA 1,184.02 8.00 459.78 732.24
Beautification Program 1,336.72 2,500.00 3,836.72
Fill Permits 1,000.00 1,000.00
Tax Sale Premiums 423,379.97 213,500.00 223,600.00 413,279.97
Accumulated Absences 150,253.03 1,000.00 151,253.03
Storm Recovery 424,356.93 101,705.64 76,538.91 449,523.66
Tax Title Liens Held in Trust 81,863.62 81,863.62
Public Defender 21,838.50 1,747.00 23,585.50
Title Search 200.00 200.00
Police Outside Overtime 1,899.02 1,899.02
Road Openings 15,050.00 1,500.00 13,550.00
Assist Drug Addiction 1,500.00 1,500.00
Construction Code Fines 100.00 1,750.00 1,850.00
Recreation 212,964.98 177,712.33 163,488.06 227,189.25
Recycling 12,254.63 28,856.25 33,783.88 7,327.00
Unemployment 38,218.54 43,527.49 6,240.76 75,505.27
Law Enforcement 4,137.05 15.53 4,152.58
Affordable Housing 44,973.74 23,123.82 20,101.50 47,996.06
Developers Escrow 192,489.86 97,970.87 85,532.18 204,928.55
Payroll 39,337.15 5,818,351.14 5,799,272.54 58,415.75
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PAGE TOTAL $ 1,684,440.10 $ 6,521,121.07 $ 6,419,534.16 $ 1,786,027.01
Sheet 6b
Purpose
SCHEDULE OF TRUST FUND RESERVES
Audit
Title of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Current Disbursements Dec. 31, 2020
and Liens Budget
Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
Other Liabilities -
Trust Surplus -
*Less Assets "Unfinanced" xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
- - - - - - - - *Show as red figure
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TOLIABILITIES AND SURPLUS
RECEIPTS
Sh
eet 7
Debit Credit
Est. Proceeds Bonds and Notes Authorized - xxxxxxxxx
Bonds and Notes Authorized but Not Issued xxxxxxxxx
CASH 1,090,335.44
DUE FROM - CURRENT 20,000.00
DUE FROM -
FEDERAL AND STATE GRANTS RECEIVABLE 638,218.81
DEFERRED CHARGES TO FUTURE TAXATION:
FUNDED
UNFUNDED
DUE TO -
PAGE TOTALS 1,748,554.25 -
Title of Account
(Do not crowd - add additional sheets)
Sheet 8
POST CLOSINGTRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Debit Credit
PREVIOUS PAGE TOTALS 1,748,554.25 -
BOND ANTICIPATION NOTES PAYABLE -
GENERAL SERIAL BONDS -
TYPE 1 SCHOOL BONDS -
LOANS PAYABLE -
CAPITAL LEASES PAYABLE -
RESERVE FOR CAPITAL PROJECTS
18,000.00
931.58
IMPROVEMENT AUTHORIZATIONS:
FUNDED 1,498,619.08
UNFUNDED -
ENCUMBRANCES PAYABLE 152,339.38
RESERVE TO PAY BANS
CAPITAL IMPROVEMENT FUND 3,935.62
DOWN PAYMENTS ON IMPROVEMENTS -
CAPITAL FUND BALANCE 74,728.59
1,748,554.25 1,748,554.25
RESERVE FOR SEWER CONTRIBUTIONS
RESERVE FOR FEMA
Sheet 8.1
POST CLOSINGTRIAL BALANCE -- GENERAL CAPITAL FUND
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Less Checks Cash Book
*On Hand On DepositOutstanding Balance
43,095.48 5,058,003.63 267,700.73 4,833,398.38
62,362.59 62,362.59
46,474.79 3.00 46,471.79
-
806,081.69 192.76 805,888.93
-
-
7,615.18 1,785,176.41 7,350.00 1,785,441.59
-
1,126,355.20 36,019.76 1,090,335.44
-
-
391,445.34 50.00 391,395.34
3,050.55 2,081,490.27 36,773.27 2,047,767.55
1,057,717.24 1,057,717.24
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total 53,761.21 12,415,107.16 348,089.52 12,120,778.85 * Include Deposits In Transit
** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.
REQUIRED CERTIFICATIONI hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the
applicable bank statements, certificates, agreements or passbooks at December 31, 2020.
I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have
been verified with the applicable passbook at December 31, 2020.
All "Certificates of Deposits", Repurchase Agreements" and other investments must be reported as cash and included in
this certification.
(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) ORCHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).
Signature: Title:
Grant Fund
Sewer Capital
CMFO
CASH RECONCILIATION DECEMBER 31, 2020Cash
Sheet 9
Current
Trust - Animal Control
Trust - Assessment
Trust - Municipal Open Space
Trust - LOSAP
Trust - CDBG
Trust - Other
Trust - Arts and Cultural
General Capital
UTILITIES:
Parking Operating
Sewer Operating
Curent Fund 5,058,003.63
Grant Fund 62,362.59
Animal Control Fund 46,474.79
Trust-Open Space Fund 806,081.69
Trust-Other Fund 1,785,176.41
General Capital Fiund 1,126,355.20
Parking Operating Fund 391,445.34
Sewer Operating Fund 2,081,490.27
Sewer Capital Fund 1,057,717.24
PAGE TOTAL 12,415,107.16
Sheet 9a
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
CASH RECONCILIATION DECEMBER 31, 2020 (cont'd)
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require thatseparate bank accounts be maintained for each allocated fund.
2020Balance Budget Received Other Cancelled Balance
Jan. 1, 2020 Revenue Dec. 31, 2020Realized
Body Armor Grant 2,400.00 5,023.46 2,430.49 (2,592.97) 2,400.00
Emergency Management Assistance - 20,000.00 10,000.00 (10,000.00) -
Highlands TDR Feasibility Grant 12,500.00 12,500.00
Morris County Historic Pres Fund (2010) 13,531.00 13,531.00
NJDEP Green Acres - Passaic Basin 74,342.77 74,342.77
Drive Sober or Get Pulled Over 2,475.00 2,475.00
Drunk Driving Enforcement Fund 4,439.80 4,439.80 -
Recycling Tonnage - 7,974.06 7,974.06 -
Clean Communities - 22,572.68 (22,572.68) -
Alcohol Education Rehabilitation Grant - 803.75 (803.75) -
Investors Tech Grant 7,500.00 2,500.00 5,000.00
County of Morris Trailways 82,236.00 82,236.00
-
-
-
-
-
-
-
PAGE TOTALS 194,984.77 60,813.75 27,344.35 (35,969.40) - 192,484.77
MUNICIPALITIES AND COUNTIESFEDERAL AND STATE GRANTS RECEIVABLE
Sh
eet 1
0
Grant
Balance Expended Other Cancelled BalanceJan. 1, 2020 Budget Appropriation Dec. 31, 2020
By 40A:4-87
Drive Sober or Get Pulled Over 1,620.11 1,620.11
Drunk Driving Enforcement Fund 6,316.56 4,439.80 328.00 10,428.36
Clean Communities 43,593.51 22,572.68 18,873.32 47,292.87
Alcohol Education Rehab Fund 2,707.61 803.75 3,511.36
Emergency Management Assistance 12,433.69 10,000.00 10,000.00 4,811.15 27,622.54
Body Armor 3,744.03 5,023.46 - 8,767.49
Bulletproof Vests 4,599.44 4,599.44
Highlands TDR Feasibility Grant 19,502.08 19,502.08
Morris County Historic Preservation 4,301.00 4,301.00
Morris Co. Historic Preservation (2010) 40,678.00 40,678.00
Comcast Grant 249.45 249.45 0.00
NJDEP Green Acres - Passaic Basin 74,342.77 74,342.77
Recycling Tonnage 7,974.06 7,974.06 15,948.12
Investors Bank Tech Grant 10,000.00 3,950.55 6,049.45
County of Morris Trail Ways 7,609.00 3,373.00 4,236.00
-
-
-
-
PAGE TOTALS 239,671.31 50,813.75 10,000.00 31,585.47 - - 268,899.59
Sh
ee
t 1
1
SCHEDULE OF APPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS
GrantTransferred from 2020Budget Appropriations
Balance Received Other BalanceJan. 1, 2020 Budget Appropriation Dec. 31, 2020
By 40A:4-87
PREVIOUS PAGE TOTALS - - - - - -
Body Armor 2,592.97 2,592.97 -
Drunk Driving Enforcement Fund -
Alcohol Education & Rehab Fund 803.75 803.75 500.12 500.12
Clean Communities 22,572.68 22,572.68 20,351.67 20,351.67
Bulletproof Vests -
Emergency Management Grant 10,000.00 10,000.00 -
-
-
-
-
-
-
-
-
-
-
-
-
TOTALS 35,969.40 35,969.40 - 20,851.79 - 20,851.79
Sh
eet 1
2 T
otals
SCHEDULE OF UNAPPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS
Transferred from 2020Grant Budget Appropriations
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # xxxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021 xxxxxxxxxxx
Levy Calendar Year 2020 xxxxxxxxxxx 17,706,391.00
Paid 17,706,391.00 xxxxxxxxxx
Balance - December 31, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # - xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to 17,706,391.00 17,706,391.00 Board of Education for use of local schools.
# Must include unpaid requisitions.
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx 456,825.54
2020 Levy xxxxxxxxxxx 332,085.19
Other Receipts 45,000.00
Interest Earned xxxxxxxxxxx 2,304.84
Expenditures 29,858.45 xxxxxxxxxx
Balance - December 31, 2020 806,357.12 xxxxxxxxxx
# Must include unpaid requisitions. 836,215.57 836,215.57
Sheet 13
*LOCAL DISTRICT SCHOOL TAX
MUNICIPAL OPEN SPACE TAX
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # xxxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021 xxxxxxxxxxx
Levy Calendar Year 2020 xxxxxxxxxxx
Paid xxxxxxxxxx
Balance - December 31, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # - xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx
# Must include unpaid requisitions. - -
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # xxxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx
Levy School Year July 1, 2020 - June 30, 2021 xxxxxxxxxxx
Levy Calendar Year 2020 xxxxxxxxxxx 7,165,065.00
Paid 7,165,065.00 xxxxxxxxxx
Balance - December 31, 2020 xxxxxxxxxxx xxxxxxxxxx
School Tax Payable # - xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx
# Must include unpaid requisitions. 7,165,065.00 7,165,065.00
Sheet 14
REGIONAL SCHOOL TAX
REGIONAL HIGH SCHOOL TAX
(Provide a separate statement for each Regional District involved)
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx xxxxxxxxxx
County Taxes xxxxxxxxxxx
Due County for Added and Omitted Taxes xxxxxxxxxxx
2020 Levy : xxxxxxxxxxx xxxxxxxxxx
General County xxxxxxxxxxx 4,418,769.91
County Library xxxxxxxxxxx
County Health xxxxxxxxxxx
County Open Space Preservation xxxxxxxxxxx 131,294.16
Due County for Added and Omitted Taxes xxxxxxxxxxx 6,426.89
Paid 4,556,490.96 xxxxxxxxxx
Balance - December 31, 2020 xxxxxxxxxxx xxxxxxxxxx
County Taxes xxxxxxxxxx
Due County for Added and Omitted Taxes - xxxxxxxxxx
4,556,490.96 4,556,490.96
Debit Credit
Balance - January 1, 2020 xxxxxxxxxxx
2020 Levy: (List Each Type of District Tax Separately - see Footnote) xxxxxxxxxxx xxxxxxxxxx
Fire - xxxxxxxxxxx xxxxxxxxxx
Sewer - xxxxxxxxxxx xxxxxxxxxx
Water - xxxxxxxxxxx xxxxxxxxxx
Garbage - xxxxxxxxxxx xxxxxxxxxx
xxxxxxxxxxx xxxxxxxxxx
xxxxxxxxxxx xxxxxxxxxx
xxxxxxxxxxx xxxxxxxxxx
Total 2020 Levy xxxxxxxxxxx -
Paid xxxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxxx
- -
Footnote: Please state the number of districts in each instance.
Sheet 15
COUNTY TAXES PAYABLE
SPECIAL DISTRICT TAXES
Budget Realized Excess or Deficit*-01 -02 -03
Surplus Anticipated 1,440,000.00 1,440,000.00 - Surplus Anticipated with Prior Written Consent of
Director of Local Government -
Miscellaneous Revenue Anticipated: xxxxxxxxx xxxxxxxxx xxxxxxxxx
Adopted Budget 2,696,349.16 2,686,759.34 (9,589.82)
Added by N.J.S. 40A:4-87 (List on 17a) 10,000.00 10,000.00 -
-
-
Total Miscellaneous Revenue Anticipated 2,706,349.16 2,696,759.34 (9,589.82)
Receipts from Delinquent Taxes 475,000.00 624,910.25 149,910.25
Amount to be Raised by Taxation: xxxxxxxxx xxxxxxxxx xxxxxxxxx
(a) Local Tax for Municipal Purposes 9,927,987.59 xxxxxxxxx xxxxxxxxx
(b) Addition to Local District School Tax xxxxxxxxx xxxxxxxxx
(c) Minimum Library Tax 579,858.00 xxxxxxxxx xxxxxxxxx
Total Amount to be Raised by Taxation 10,507,845.59 11,072,938.25 565,092.66
15,129,194.75 15,834,607.84 705,413.09
Debit Credit
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) xxxxxxxxx 39,842,670.40
Amount to be Raised by Taxation xxxxxxxxx xxxxxxxxx
Local District School Tax 17,706,391.00 xxxxxxxxx
Regional School Tax - xxxxxxxxx
Regional High School Tax 7,165,065.00 xxxxxxxxx
County Taxes 4,550,064.07 xxxxxxxxx
Due County for Added and Omitted Taxes 6,426.89 xxxxxxxxx
Special District Taxes - xxxxxxxxx
Municipal Open Space Tax 332,085.19 xxxxxxxxx
Reserve for Uncollected Taxes xxxxxxxxx 990,300.00
Deficit in Required Collection of Current Taxes (or) xxxxxxxxx -
Balance for Support of Municipal Budget (or) 11,072,938.25 xxxxxxxxx
*Excess Non-Budget Revenue (see footnote) xxxxxxxxx
*Deficit Non-Budget Revenue (see footnote) xxxxxxxxx
40,832,970.40 40,832,970.40
Source
STATEMENT OF GENERAL BUDGET REVENUES 2020
ALLOCATION OF CURRENT TAX COLLECTIONS
Sheet 17
*These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only.
Budget Realized Excess or Deficit
Emergency Management Grant 10,000.00 10,000.00 -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
PAGE TOTALS 10,000.00 10,000.00 - I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have receivedwritten notification of the award of public or private revenue. These insertions meet the statutory requirements ofN.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature: Sheet 17a
STATEMENT OF GENERAL BUDGET REVENUES 2020(Continued)
Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87
Source
2020 Budget as Adopted 15,119,194.75
2020 Budget - Added by N.J.S. 40A:4-87 10,000.00
Appropriated for 2020 (Budget Statement Item 9) 15,129,194.75
Appropriated for 2020 by Emergency Appropriation (Budget Statement Item 9)
Total General Appropriations (Budget Statement Item 9) 15,129,194.75
Add: Overexpenditures (see footnote)
Total Appropriations and Overexpenditures 15,129,194.75
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)] 12,710,683.49
Paid or Charged - Reserve for Uncollected Taxes 990,300.00
Reserved 1,428,211.26
Total Expenditures 15,129,194.75
Unexpended Balances 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 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".
2020 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 18
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2020
SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCALDISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)
Debit Credit
Excess of Anticipated Revenues: xxxxxxxxx xxxxxxxxx
Miscellaneous Revenues anticipated xxxxxxxxx
Delinquent Tax Collections xxxxxxxxx 149,910.25
xxxxxxxxx
Required Collection of Current Taxes xxxxxxxxx 565,092.66
Unexpended Balances of 2020 Budget Appropriations xxxxxxxxx -
Miscellaneous Revenue Not Anticipated xxxxxxxxx 90,260.77 Miscellaneous Revenue Not Anticipated:
Proceeds of Sale of Foreclosed Property (Sheet 27)
Payments in Lieu of Taxes on Real Property xxxxxxxxx
Sale of Municipal Assets xxxxxxxxx
Unexpended Balances of 2019 Appropriation Reserves xxxxxxxxx 823,961.27
Prior Years Interfunds Returned in 2020 xxxxxxxxx 9,982.50
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) xxxxxxxxx xxxxxxxxx
Balance - January 1, 2020 - xxxxxxxxx
Balance - December 31, 2020 xxxxxxxxx -
Deficit in Anticipated Revenues: xxxxxxxxx xxxxxxxxx
Miscellaneous Revenues Anticipated 9,589.82 xxxxxxxxx
Delinquent Tax Collections - xxxxxxxxx
xxxxxxxxx
Required Collection on Current Taxes - xxxxxxxxx
Interfund Advances Originating in 2020 xxxxxxxxx
Other Charges 252.11 xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Deficit Balance - To Trial Balance (Sheet 3) xxxxxxxxx -
Surplus Balance - To Surplus (Sheet 21) 1,629,365.52 xxxxxxxxx
1,639,207.45 1,639,207.45
Sheet 19
RESULTS OF 2020 OPERATION
CURRENT FUND
- xxxxxxxxx
Amount Realized
Senior Citizen & Veteran Deduction Admin Fee 1,036.18
DMV Inspection Fines 1,050.00
JIF Reimbursements 14,643.97
Planning Board Fees 27,799.75
Zoning Board Fees 6,742.50
Tax Collector Misc. 550.00
Construction Code Misc. 250.00
Auction Proceeds 9,756.00
Forfeited Tax Sale Premium 16,000.00
Other Miscellaneous Revenue 12,432.37
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 90,260.77
Sheet 20
SCHEDULE OF MISCELLANEOUS REVENUESNOT ANTICIPATED
Source
Debit Credit
1. Balance - January 1, 2020 xxxxxxxxx 2,355,784.52
2. xxxxxxxxx
3. Excess Resulting from 2020 Operations xxxxxxxxx 1,629,365.52
4. Amount Appropriated in the 2020 Budget - Cash 1,440,000.00 xxxxxxxxx5. Amount Appropriated in 2020 Budget - with Prior Written-
Consent of Director of Local Government Services - xxxxxxxxx
6. xxxxxxxxx
7. Balance - December 31, 2020 2,545,150.04 xxxxxxxxx
3,985,150.04 3,985,150.04
Cash 4,833,398.38
Investments
Change Fund 275.00
Sub Total 4,833,673.38
Deduct Cash Liabilities Marked with "C" on Trial Balance 2,288,523.34
Cash Surplus 2,545,150.04
Deficit in Cash Surplus
Other Assets Pledged to Surplus:*
-
Deferred Charges #
Cash Deficit #
Total Other Assets -
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS" 2,545,150.04 WOULD ALSO BE PLEDGED TO CASH LIABILITIES.
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2021 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.
(1) Due from State of N.J. Senior Citizens and Veterans Deduction
Sheet 21
SURPLUS - CURRENT FUNDYEAR - 2020
ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM CURRENT FUND - TRIAL BALANCE)
1. Amount of Levy as per Duplicate (Analysis) # $ 40,275,667.60 or
(Abstract of Ratables) $
2. Amount of Levy Special District Taxes $
3. Amount Levied for Omitted Taxes underN.J.S.A. 54:4-63.12 et seq. $
4. Amount Levied for Added Taxes underN.J.S.A. 54:4-63.1 et seq. $ 56,628.52
5a. Subtotal 2020 Levy $ 40,332,296.12 5b. Reductions due to tax appeals ** $5c. Total 2020 Tax Levy $ 40,332,296.12
6. Transferred to Tax Title Liens $ 53,768.74
7. Transferred to Foreclosed Property $
8. Remitted, Abated or Canceled $ 10,403.00
9. Discount Allowed $
10. Collected in Cash: In 2019 $ 612,832.10
In 2020 * $ 39,176,838.30
Homestead Benefit Credit $
State's Share of 2020 Senior Citizensand Veterans Deductions Allowed $ 53,000.00
Total To Line 14 $ 39,842,670.40
11. Total Credits $ 39,906,842.14
12. Amount Outstanding December 31, 2020 $ 425,453.98
13. Percentage of Cash Collections to Total 2020 Levy,
(Item 10 divided by Item 5c) is 98.78%
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here ____ and complete sheet 22a.
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10 $ 39,842,670.40 Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals $
To Current Taxes Realized in Cash (Sheet 17) $ 39,842,670.40
Note A: In showing the above percentage the following should be noted:Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,the percentage represented by the cash collections would be$1,049,977.50 divided by $1,500,000, or .699985. The correct 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 2020 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
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2020 LEVY
Sheet 22
(1) Utilizing Accelerated Tax Sale
Total of Line 10 Collected in Cash (sheet 22) $ 39,842,670.40
LESS : Proceeds from Accelerated Tax Sale
Net Cash Collected $ 39,842,670.40
Line 5c (sheet 22) Total 2020 Tax Levy $ 40,332,296.12
Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is 98.79%
(2) Utilizing Tax Levy Sale
Total of Line 10 Collected in Cash (sheet 22) $ 39,842,670.40
LESS : Proceeds from Tax Levy Sale (excluding premium)
Net Cash Collected $ 39,842,670.40
Line 5c (sheet 22) Total 2020 Tax Levy $ 40,332,296.12
Percentage of Collection Excluding Tax Levy Sale Proceeds(Net Cash Collected divided by Item 5c) is 98.79%
Sheet 22a
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2020
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant toChapter 99, P.L. 1997.
Debit Credit
1. Balance - January 1, 2020 xxxxxxxxx xxxxxxxxx
Due From State of New Jersey xxxxxxxxx
Due To State of New Jersey xxxxxxxxx 7,228.25
2. Sr. Citizens Deductions Per Tax Billings 4,750.00 xxxxxxxxx
3. Veterans Deductions Per Tax Billings 48,000.00 xxxxxxxxx
4. Deductions Allowed By Tax Collector 500.00 xxxxxxxxx
5. Deductions Allowed By Tax Collector 2019 Taxes
6.
7. Deductions Disallowed By Tax Collector xxxxxxxxx 250.00
8. Deductions Disallowed By Tax Collector Prior Taxes xxxxxxxxx
9. Received in Cash from State xxxxxxxxx 51,808.90
10.
11.
12. Balance - December 31, 2020 xxxxxxxxx xxxxxxxxx
Due From State of New Jersey xxxxxxxxx -
Due To State of New Jersey 6,037.15 xxxxxxxxx
59,287.15 59,287.15
Calculation of Amount to be included on Sheet 22, Item 10 -2020 Senior Citizens and Veterans Deductions Allowed
Line 2 4,750.00
Line 3 48,000.00
Line 4 500.00
Sub - Total 53,250.00
Less: Line 7 250.00
To Item 10, Sheet 22 53,000.00
SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEYFOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Sheet 23
Debit Credit
Balance - January 1, 2020 xxxxxxxxxx 150,548.08
Taxes Pending Appeals 150,548.08 xxxxxxxxxx xxxxxxxxx
Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxx
xxxxxxxxxx
Interest Earned on Taxes Pending State Appeals xxxxxxxxxx
Cash Paid to Appellants (Including 5% Interest from Date of Payment) 24,291.70 xxxxxxxxxClosed to Results of Operation(Portion of Appeal won by Municipality, including Interest) xxxxxxxxx
Balance - December 31, 2020 126,256.38 xxxxxxxxx
Taxes Pending Appeals* 126,256.38 xxxxxxxxx xxxxxxxxx
Interest Earned on Taxes Pending Appeals xxxxxxxxx xxxxxxxxx
* Includes State Tax Court and County Board of Taxation 150,548.08 150,548.08 Appeals Not Adjusted by December 31, 2020
3/3/2021Date
Sheet 24
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING -N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27)
Signature of Tax Collector
License #
Contested Amount of 2020 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22)
T-8450
1. Balance - January 1, 2020 1,138,994.62 xxxxxxxxx
A. Taxes 636,814.58 xxxxxxxxx xxxxxxxxx
B. Tax Title Liens 502,180.04 xxxxxxxxx xxxxxxxxx
2. Canceled: xxxxxxxxx xxxxxxxxx
A. Taxes xxxxxxxxx 7,911.70
B. Tax Title Liens xxxxxxxxx
3. Transferred to Foreclosed Tax Title Liens: xxxxxxxxx xxxxxxxxx
A. Taxes xxxxxxxxx
B. Tax Title Liens xxxxxxxxx
4. Added Taxes xxxxxxxxx
5. Added Tax Title Liens xxxxxxxxx
6. xxxxxxxxx
A. Taxes - Transfers to Tax Title Liens xxxxxxxxx (1) 12,718.92
B. Tax Title Liens - Transfers from Taxes (1) 12,718.92 xxxxxxxxx
7. Balance Before Cash Payments xxxxxxxxx 1,131,082.92
8. Totals 1,151,713.54 1,151,713.54
9. Balance Brought Down 1,131,082.92 xxxxxxxxx
10. Collected: xxxxxxxxx 624,910.25
A. Taxes 616,138.21 xxxxxxxxx xxxxxxxxx
B. Tax Title Liens 8,772.04 xxxxxxxxx xxxxxxxxx
11. Interest and Costs - 2020 Tax Sale 4,895.63 xxxxxxxxx
12. 2020 Taxes Transferred to Liens 53,768.74 xxxxxxxxx
13. 2020 Taxes 425,453.98 xxxxxxxxx
14. Balance - December 31, 2020 xxxxxxxxx 990,291.02
A. Taxes 425,499.73 xxxxxxxxx xxxxxxxxx
B. Tax Title Liens 564,791.29 xxxxxxxxx xxxxxxxxx
15. Totals 1,615,201.27 1,615,201.27
16. Percentage of Cash Collections to Adjusted Amount Outstanding(Item No. 10 divided by Item No. 9) is 55.24%
17. Item No.14 multiplied by percentage shown above is 547,036.76 and represents themaximum amount that may be anticipated in 2021.
(See Note A on Sheet 22 - Current Taxes)
(1) These amounts will always be the same.
Sheet 26
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit Credit
Adjustment between Taxes (Other than current year) and Tax Title Liens;
Debit Credit
1. Balance - January 1, 2020 330,525.00 xxxxxxxxx
2. Foreclosed or Deeded in 2020 xxxxxxxxx xxxxxxxxx
3. Tax Title Liens - xxxxxxxxx
4. Taxes Receivable - xxxxxxxxx
5A. xxxxxxxxx
5B. xxxxxxxxx
6. Adjustment to Assessed Valuation xxxxxxxxx
7. Adjustment to Assessed Valuation xxxxxxxxx
8. Sales xxxxxxxxx xxxxxxxxx
9. Cash * xxxxxxxxx
10. Contract xxxxxxxxx
11. Mortgage xxxxxxxxx
12. Loss on Sales xxxxxxxxx
13. Gain on Sales xxxxxxxxx
14. Balance - December 31, 2020 xxxxxxxxx 330,525.00
330,525.00 330,525.00
Debit Credit
15. Balance - January 1, 2020 xxxxxxxxx
16. 2020 Sales from Foreclosed Property xxxxxxxxx
17. Collected* xxxxxxxxx
18. xxxxxxxxx
19. Balance - December 31, 2020 xxxxxxxxx -
- -
Debit Credit
20. Balance - January 1, 2020 xxxxxxxxx
21. 2020 Sales from Foreclosed Property xxxxxxxxx
22. Collected* xxxxxxxxx
23. xxxxxxxxx
24. Balance - December 31, 2020 xxxxxxxxx -
- - Analysis of Sale of Property: $ - * Total Cash Collected in 2020
Realized in 2020 Budget
To Results of Operation (Sheet 19) -
Sheet 27
SCHEDULE OF FORECLOSED PROPERTY(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
CONTRACT SALES
MORTGAGE SALES
AmountDec. 31, 2019 Amount in Amount Balance
per Audit 2020 Resulting as atReport Budget from 2020 Dec. 31, 2020
Emergency Authorization -Municipal* $ $ $ $ -
Emergency Authorization -Schools $ $ $ $ -
Overexpenditure of Appropriations $ $ $ $ -
$ $ $ $ -
$ $ $ $ -
$ $ $ $ -
$ $ $ $ -
$ $ $ $ -
$ $ $ $ -
TOTAL DEFERRED CHARGES $ - $ - $ - $ -
*Do not include items funded or refunded as listed below.
Amount
1. $
2. $
3. $
4. $
5. $
Appropriated forin Budget of
Date Entered Amount Year 2021
1. $
2. $
3. $
4. $
Sheet 28
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of On Account of
DEFERRED CHARGES
EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEENFUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR N.J.S.A. 40A:2-51
Date Purpose
- MANDATORY CHARGES ONLY -
CURRENT, TRUST, AND GENERAL CAPITAL FUNDS(Do not include the emergency authorizations pursuant to N.J.S.A.40A:4-55,
N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)
Caused By
N.J.S.A. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPSFOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPALCONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Amount Not Less Than Balance BalanceAuthorized 1/5 of Amount Dec. 31, 2019 By 2020 Canceled Dec. 31, 2020
Authorized* Budget By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals - - - - - -
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. andare recorded on this page
* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Sh
eet 29
Date Purpose
Chief Financial Officer
REDUCED IN 2020
N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODS
N.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Amount Not Less Than Balance BalanceAuthorized 1/3 of Amount Dec. 31, 2019 By 2020 Canceled Dec. 31, 2020
Authorized* Budget By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals - - - - - -
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55.1 et seq. andN.J.S. 40A:4-55.13 et seq. and are recorded on this page
* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.
Sh
eet 3
0
Date Purpose
Chief Financial Officer
REDUCED IN 2020
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid 5,569,000.00
Outstanding - December 31, 2020 -
5,569,000.00
2021 Bond Maturities - General Capital Bonds $
2021 Interest on Bonds* $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Assessment Bonds $
2021 Interest on Bonds* $
Total "Interest on Bonds - Debt Service" (*Items) $
2021 MaturityInterest
Rate
Total -
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2021 DEBT SERVICE FOR BONDS
GENERAL CAPITAL BONDS
2021 Debt Service
Credit
5,569,000.00
xxxxxxxxx
-
xxxxxxxxx
-
xxxxxxxxx
xxxxxxxxx
5,569,000.00
ASSESSMENT SERIAL BONDS
Sheet 31
LIST OF BONDS ISSUED DURING 2020
-
Date of Issue
Purpose Amount Issued
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Refunded
Outstanding - December 31, 2020 -
-
2021 Loan Maturities $
2021 Interest on Loans $
Total 2021 Debt Service for Loan $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Loan Maturities $
2021 Interest on Loans $
Total 2021 Debt Service for LOAN $
2021 MaturityInterest
Rate
Total -
-
Sheet 31a
LIST OF LOANS ISSUED DURING 2020
-
Date of Issue
Amount Issued
__________________________________ LOAN
SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2021 DEBT SERVICE FOR LOANS
________________ LOAN
2021 Debt Service
Credit
xxxxxxxxx
xxxxxxxxx
Purpose
-
-
xxxxxxxxx
-
xxxxxxxxx
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Term Bonds $
2021 Interest on Bonds $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Interest on Bonds* $
2021 Bond Maturities - Serial Bonds $
Total "Interest on Bonds - Type I School Debt Service" (*Items) $
2021 Maturity -01
Interest Rate
Total -
OutstandingDec. 31, 2020
1. Emergency Notes $ $
2. Special Emergency Notes $ $
3. Tax Anticipation Notes $ $
4. Interest on Unpaid State & County Taxes $ $
5. $ $
6. $ $
2021 Interest
Sheet 32
Requirement
xxxxxxxxx
2021 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
PurposeDate of Issue
xxxxxxxxx
Amount Issued -02
-
xxxxxxxxx
LIST OF BONDS ISSUED DURING 2020
-
-
TYPE I SCHOOL SERIAL BONDS
-
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
2021 Debt Service
Credit
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020 **
Page Totals - - - - Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.
Memo: Type 1 School Notes should be separately listed and totaled.
* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2021 or
written intent of permanent financing submitted with statement. (Do not crowd - add additional sheets)** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Sh
eet 3
3
Title or Purpose of Issue2021 Budget Requirements
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020 **
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total - - - - MEMO:* See Sheet 33 for clarification of "Original Date of Issue"
Assessment Notes with an original date of issue of 2018 or prior must be appropriated in full in the 2021 Dedicated Assessment Budget or written intent of permanent financing
submitted with statement.
** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".
(Do not crowd - add additional sheets)
DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Sh
eet 3
4
Title or Purpose of Issue2021 Budget Requirements
AmountLease Obligation Outstanding
Dec. 31, 2020 For Principal For Interest/Fees
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
Total - - -
(Do not crowd - add additional sheets)
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Sh
eet
34a
Purpose2021 Budget Requirements
2020 Other Expended AuthorizationsFunded Unfunded Authorizations Canceled Funded Unfunded
170,117.35 63.00 170,054.35
VARIOUS IMPROVEMENTS 1,256.55 1,117.16 139.39
VARIOUS IMPROVEMENTS 10,006.55 10,006.55
VARIOUS IMPROVEMENTS 9,660.52 4,286.67 5,373.85
VARIOUS IMPROVEMENTS 8,575.68 1,750.75 6,824.93
VARIOUS IMPROVEMENTS 129,197.75 43,723.86 85,473.89
VARIOUS IMPROVEMENTS 12,404.71 3,697.06 8,707.65
VARIOUS IMPROVEMENTS 4,739.88 (63.18) 4,803.06
VARIOUS IMPROVEMENTS 7.50 7.50
VARIOUS IMPROVEMENTS 55.00 55.00
ROAD IMPROVEMENTS 40,697.95 477.02 40,220.93
CONSTR. OF DECK LITTLE LEAGUE SNACK BAR 29,000.00 24,610.27 4,389.73
250,556.83 115,058.78 135,498.05
ROAD IMPROVEMENTS 40,000.00 40,000.00 -
VARIOUS IMPROVEMENTS 1,177,036.00 149,971.80 1,027,064.20
Page Total 344,724.23 321,552.04 1,217,036.00 (63.18) 384,756.37 - 1,498,619.08 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
VARIOUS IMPROVEMENTS
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
Sh
eet 3
5
IMPROVEMENTSSpecify each authorization by purpose. Donot merely designate by a code number.
Balance - January 1, 2020 Balance - December 31, 2020
ROAD DRAINAGE IMPROVEMENTS
Debit Credit
Balance - January 1, 2020 xxxxxxxxx 24,605.62
Received from 2020 Budget Appropriation * xxxxxxxxx 700,000.00
xxxxxxxxxImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations 720,670.00 xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 3,935.62 xxxxxxxxx
724,605.62 724,605.62
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of theappropriation is to be permitted to lapse.
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 36
xxxxxxxxx
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Received from 2020 Budget Appropriation * xxxxxxxxx
Received from 2020 Emergency Appropriation * xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of theappropriation is to be permitted to lapse.
Amount of DownAmount Total Down Payment Payment in Budget
Appropriated Obligations Provided by of 2020 or PriorAuthorized Ordinance Years
#452-20 Various Road Improvements 40,000.00
#461-20 Various Improvements 1,177,036.00
Total 1,217,036.00 - - -
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount incolumn "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 37
CAPITAL IMPROVEMENTS AUTHORIZED IN 2020AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
Debit Credit
Balance - January 1, 2020 xxxxxxxxx 74,728.59
Premium on Sale of Bonds xxxxxxxxx
Funded Improvement Authorizations Canceled xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
Appropriated to 2020 Budget Revenue xxxxxxxxx
Balance - December 31, 2020 74,728.59 xxxxxxxxx
74,728.59 74,728.59
GENERAL CAPITAL FUND
STATEMENT OF CAPITAL SURPLUS
Sheet 38
YEAR - 2020
A.
1. Total Tax Levy for the Year 2020 was $
2. Amount of Item 1 Collected in 2020 (*) $
3. Seventy (70) percent of Item 1 $
(*) Including prepayments and overpayments applied.
B.1. Did any maturities of bonded obligations or notes fall due during the year 2020?
YES
2. Have payments been made for all bonded obligations or notes due on or beforeDecember 31, 2020?
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 2021 budget for the liquidation of all bondedobligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the yearjust ended?
NO
D.1. Cash Deficit 2019 $
2. 4% of 2019 Tax Levy for all purposes:Levy -- $ = $
3. Cash Deficit 2020 $
4. 4% of 2020 Tax Levy for all purposes:Levy -- $ = $
E.
1. State Taxes $ $ $
2. County Taxes $ $ $
3. Amounts due Special Districts
$ $ $
4. Amount due School Districts for School Tax
$ $ $
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)
-
-
40,332,296.12
28,232,607.28
39,842,670.40
Answer YES or NO
Answer YES or NO
Unpaid Total2020
Answer YES or NO
Sheet 39
2019
-
-
-
-
-
Note:If no "utility fund" existed on the books of account and if no utility was
owned and operated by the municipality during the year 2020, please observeinstructions of Sheet 2.
UTILITIES ONLY
Sheet 40
Debit Credit
Cash 391,395.34
Investments
Due from Parking Capital 20,620.00
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable -
Liens Receivable -
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves 56,166.35
Encumbrances Payable
Accrued Interest on Bonds and Notes -
Due to -
Prepaid Parking Permits 21,290.00
Subtotal - Cash Liabilities 77,456.35 "C"
Reserve for Consumer Accounts and Lien Receivable
Fund Balance 334,558.99
Total 412,015.34 412,015.34
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSINGTRIAL BALANCE - PARKING UTILITY FUND
AS AT DECEMBER 31, 2020
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized xxxxxxxxx
Bonds and Notes Authorized but Not Issued xxxxxxxxx -
CASH
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED 274,803.85
AUTHORIZED AND UNCOMPLETED 70,000.00
PAGE TOTALS 344,803.85 -
Sheet 41a
Operating and Capital Sections(Separately Stated)
Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital
POST CLOSINGTRIAL BALANCE - PARKING UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Section in the same manner as set forth in General Capital Fund on Sheet 8
Debit Credit
PREVIOUS PAGE TOTALS 344,803.85 -
BONDS PAYABLE -
LOANS PAYABLE -
CAPITAL LEASES PAYABLE -
BOND ANTICIPATION NOTES -
IMPROVEMENT AUTHORIZATIONS:
FUNDED -
UNFUNDED 27,880.00
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO PARKING OPERATING 20,620.00
RESERVE FOR AMORTIZATION 274,803.85
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
RESERVE FOR IMPROVEMENTS 21,500.00
DOWN PAYMENTS ON IMPROVEMENTS -
CAPITAL IMPROVEMENT FUND -
CAPITAL FUND BALANCE -
TOTALS 344,803.85 344,803.85
(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Operating and Capital Sections
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 CLOSINGTRIAL BALANCE - PARKING UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Debit Credit
CASH
ASSESSMENT NOTES -
ASSESSMENT SERIAL BONDS -
FUND BALANCE -
TOTALS - -
Sheet 42
IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
POST CLOSING TRIAL BALANCE -UTILITY ASSESSMENT TRUST FUNDS
AS AT DECEMBER 31, 2020
Title of Account
(Do not crowd - add additional sheets)
Audit
Title of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Operating Disbursements Dec. 31, 2020
and Liens Budget
Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
Other Liabilities -
Trust Surplus -
Less Assets "Unfinanced"* xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
- - - - - - - - *Show as red figure
ANALYSIS OF PARKING UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sh
eet 4
3
Budget Received Excess orin Cash Deficit*
Operating Surplus Anticipated - - Operating Surplus Anticipated with Consent of
Director of Local Government -
Parking Lot Fees & Permits 90,000.00 82,885.00 (7,115.00)
-
-
-
-
Reserve for Debt Service -
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List) xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
Subtotal 90,000.00 82,885.00 (7,115.00)
Deficit (General Budget) ** -
90,000.00 82,885.00 (7,115.00) ** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations: xxxxxxxxx
Adopted Budget 90,000.00
Added by N.J.S. 40A:4-87
Emergency
Total Appropriations 90,000.00
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures 90,000.00
Deduct Expenditures:
Paid or Charged 33,833.65
Reserved 56,166.35
Surplus (General Budget)**
Total Expenditures 90,000.00
Unexpended Balance Canceled (See Footnote) -
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in 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"
Source
SCHEDULE OF PARKING UTILITY BUDGET - 2020
Sheet 44
BUDGET REVENUES
STATEMENT OF BUDGET APPROPRIATIONS
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Parking 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: xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)") 82,885.00
Miscellaneous Revenue Not Anticipated 21,803.32
2019 Appropriation Reserves Canceled in 2020 81,873.91
Total Revenue Realized 186,562.23
Expenditures: xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)") xxxxxxxxx
Paid or Charged 33,833.65
Reserved 56,166.35
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures 90,000.00 Less: Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted 90,000.00
Excess 96,562.23
Budget Appropriation - Surplus (General Budget)**Balance of Results of 2020 Operation("Excess in Operations" - Sheet 46) 96,562.23
Deficit -
Anticipated Revenue - Deficit (General Budget)** - Balance of Results of 2020 Operation("Operating Deficit - to Trial Balance" - Sheet 46) -
SECTION 2:The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THEEXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in theParking Utility for 2019
2019 Appropriation Reserves Canceled in 2020 81,873.91 Less:
-
* Excess (Revenue Realized) 81,873.91
** Items must be shown in same amounts on Sheet 44.
Sheet 45
Anticipated Deficit in 2019 Budget - Amount Received and Due from Current Fund - If none, enter 'None '"
STATEMENT OF 2020 OPERATION
PARKING UTILITY
Remainder =
Remainder =
Debit Credit
Excess in Anticipated Revenues xxxxxxxxx -
Unexpended Balances of Appropriations xxxxxxxxx -
Miscellaneous Revenues Not Anticipated xxxxxxxxx 21,803.32
Unexpended Balances of 2019 Appropriations* xxxxxxxxx 81,873.91
Deficit in Anticipated Revenues 7,115.00 xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance xxxxxxxxx -
Excess in Operations - to Operating Surplus 96,562.23 xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2 103,677.23 103,677.23
Debit Credit
Balance - January 1, 2020 xxxxxxxxx 287,996.76
Excess in Results of 2020 Operations xxxxxxxxx 96,562.23
Amount Appropriated in the 2020 Budget - Cash - xxxxxxxxxAmount Appropriated in 2020 Budget with Prior WrittenConsent of Director of Local Government Services
Transfer To Current Fund Anticipated Revenue 50,000.00
Balance - December 31, 2020 334,558.99 xxxxxxxxx
384,558.99 384,558.99
Cash 391,395.34
Investments
Interfund Accounts Receivable 20,620.00
Subtotal 412,015.34
Deduct Cash Liabilities Marked with "C" on Trial Balance 77,456.35
Operating Surplus Cash or (Deficit in Operating Surplus Cash) 334,558.99
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets -
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET. 334,558.99 *In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
RESULTS OF 2020 OPERATIONS - PARKING UTILITY
Deferred Charges #
Sheet 46
OPERATING SURPLUS - PARKING UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM PARKING UTILITY - TRIAL BALANCE)
xxxxxxxxx
Balance December 31, 2019 $
Increased by:Rents Levied $
Decreased by:
Collections $
Overpayments applied $
Transfer to Liens $
Other $
$ -
Balance December 31, 2020 $ -
Balance December 31, 2019 $
Increased by:
Transfers from Accounts Receivable $
Penalties and Costs $
Other $
$ -
Decreased by:
Collections $
Other $
$ -
Balance December 31, 2020 $ -
SCHEDULE OF PARKING UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF PARKING UTILITY LIENS
Sheet 47
AmountDec. 31, 2019 Amount in Amount Balance
per Audit 2020 Resulting as atReport Budget 2020 Dec. 31, 2020
1. Emergency Authorization -Municipal* $ $ $ $ -
2. $ $ $ $ -
3. $ $ $ $ -
4. $ $ $ $ -
5. $ $ $ $ -
Deficit in Operations $ $ $ $ -
Total Operating $ - $ - $ - $ -
6. $ $ $ $ -
7. $ $ $ $ -
Total Capital $ - $ - $ - $ -
*Do not include items funded or refunded as listed below.
Amount
1. $
2. $
3. $
4. $
5. $
Appropriated forin Budget of
Date Entered Amount Year 2021
1. $
2. $
3. $
4. $
Sheet 48
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of On Account of
DEFERRED CHARGES
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
- MANDATORY CHARGES ONLY -
PARKING UTILITY FUND(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Amount Not Less Than Balance BalanceAuthorized 1/5 of Amount Dec. 31, 2019 By 2020 Canceled Dec. 31, 2020
Authorized* Budget By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals - - - - - -
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. andare recorded on this page
Chief Financial Officer
UTILITY SPECIAL EMERGENCY
Purpose REDUCED IN 2020
Sh
eet
48a
Date
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Assessment Bonds $
2021 Interest on Bonds $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Capital Bonds $
2021 Interest on Bonds $
2021 Interest on Bonds (*Items) $ -
Less: Interest Accrued to 12/31/2020 (Trial Balance) $
Subtotal $ -
Add: Interest to be Accrued as of 12/31/2021 $
Required Appropriation 2021 $
2021 MaturityInterest
Rate
-
Sheet 49
-
Purpose
-
Date of Issue
Amount Issued
LIST OF BONDS ISSUED DURING 2020
xxxxxxxxx
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR BONDS
PARKING UTILITY ASSESSMENT BONDS
2021 DebtService
Credit
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
-
PARKING UTILITY CAPITAL BONDS
INTEREST ON BONDS - PARKING UTILITY BUDGET
-
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Loan Maturities $
2021 Interest on Loans $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Loan Maturities $
2021 Interest on Loans $
2021 Interest on Loans (*Items) $ -
Less: Interest Accrued to 12/31/2020 (Trial Balance) $
Subtotal $ -
Add: Interest to be Accrued as of 12/31/2021 $
Required Appropriation 2021 $
2021 MaturityInterest
Rate
-
Sheet 49a
-
Purpose
-
Date of Issue
Amount Issued
LIST OF LOANS ISSUED DURING 2020
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR LOANS
PARKING UTILITY ________________ LOAN
2021 DebtService
Credit
-
PARKING UTILITY ________________ LOAN
INTEREST ON LOANS - PARKING UTILITY BUDGET
-
xxxxxxxxx
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL - - - -
Important: If there is more than one utility in the municipality, identify each note.
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2021 Interest on Notes $ -
of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2020 (Trial Balance) $
* See Sheet 33 for clarifications of "Original Date of Issue". Subtotal $ -
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2021 $is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted. Required Appropriation - 2021 $ - ** 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)
INTEREST ON NOTES - PARKING UTILITY BUDGET
DEBT SERVICE FOR PARKING UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
Sh
eet 5
0
Title or Purpose of Issue2021
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020 **
- - - - 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, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
DEBT SERVICE SCHEDULE FOR PARKING UTILITY ASSESSMENT NOTES
Sh
eet 5
1
Title or Purpose of Issue2021
AmountLease Obligation Outstanding
Dec. 31, 2020 For Prinicpal For Interest/Fees
Total - - -
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS PARKING UTILITY
Sh
eet
51a
Purpose2021 Budget Requirements
2020 Expended OtherFunded Unfunded Authorizations Funded Unfunded
#329-14 Parking Improvements 27,880.00 27,880.00
PAGE TOTALS - 27,880.00 - - - - - 27,880.00 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS PARKING (UTILITY CAPITAL FUND)
Sh
eet 5
2
IMPROVEMENTSSpecify each authorization by purpose. Donot merely designate by a code number.
Balance - January 1, 2020 Balance - December 31, 2020
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Received from 2020 Budget Appropriation xxxxxxxxx
xxxxxxxxxImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Received from 2020 Budget Appropriation * xxxxxxxxx
Received from 2020 Emergency Appropriation * xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
PARKING UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Sheet 53
PARKING UTILITY CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
xxxxxxxxx
Amount of DownAmount Total Down Payment Payment in Budget
Appropriated Obligations Provided by of 2020 or PriorAuthorized Ordinance Years
- - - -
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Premium on Sale of Bonds xxxxxxxxx
Funded Improvement Authorizations Canceled xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization xxxxxxxxx
Appropriation to 2020 Budget Reserve xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
PARKING UTILITY FUND
PARKING UTILITY CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS
YEAR 2020
Sheet 54
CAPITAL IMPROVEMENTS AUTHORIZED IN 2020AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
Debit Credit
Cash 2,047,767.55
Investments
Due from Sewer Capital 7,717.24
Due from -
Receivables Offset with Reserves:
Consumer Accounts Receivable 65,010.66
Liens Receivable -
Deferred Charges (Sheet 48)
Cash Liabilities:
Appropriation Reserves 15,828.69
Encumbrances Payable 104,471.11
Accrued Interest on Bonds and Notes 15,458.90
Due to -
Prepaid Sewer 78.17
Sewer Overpayments 477.09
Subtotal - Cash Liabilities 136,313.96 "C"
Reserve for Consumer Accounts and Lien Receivable 65,010.66
Fund Balance 1,919,170.83
Total 2,120,495.45 2,120,495.45
(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41
Operating and Capital Sections
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 CLOSINGTRIAL BALANCE - SEWER UTILITY FUND
AS AT DECEMBER 31, 2020
Debit Credit
CAPITAL SECTION:
Est. Proceeds Bonds and Notes Authorized xxxxxxxxx
Bonds and Notes Authorized but Not Issued xxxxxxxxx -
CASH 1,057,717.24
DUE FROM CURRENT FUND
FIXED CAPITAL:
COMPLETED
AUTHORIZED AND UNCOMPLETED
PAGE TOTALS 1,057,717.24 -
(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a
Operating and Capital Sections
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 CLOSINGTRIAL BALANCE - SEWER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Debit Credit
PREVIOUS PAGE TOTALS 1,057,717.24 -
BONDS PAYABLE -
LOANS PAYABLE -
CAPITAL LEASES PAYABLE -
BOND ANTICIPATION NOTES -
IMPROVEMENT AUTHORIZATIONS:
FUNDED -
UNFUNDED -
CONTRACTS PAYABLE
ENCUMBRANCES
DUE TO PARKING OPERATING
RESERVE FOR AMORTIZATION
RESERVE FOR DEFERRED AMORTIZATION
RESERVE FOR DEBT SERVICE
DUE TO SEWER OPERATING 7,717.24
DOWN PAYMENTS ON IMPROVEMENTS -
CAPITAL IMPROVEMENT FUND 1,050,000.00
CAPITAL FUND BALANCE -
TOTALS 1,057,717.24 1,057,717.24
(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"
Title of Account
(Do not crowd - add additional sheets)
Sheet 41a.1
Operating and Capital Sections
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 CLOSINGTRIAL BALANCE - SEWER UTILITY FUND (cont'd)
AS AT DECEMBER 31, 2020
Debit Credit
CASH
ASSESSMENT NOTES -
ASSESSMENT SERIAL BONDS -
FUND BALANCE -
- -
Title of Account
(Do not crowd - add additional sheets)
Sheet 42
POST CLOSING TRIAL BALANCE -UTILITY ASSESSMENT TRUST FUNDS
IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED
AS AT DECEMBER 31, 2020
Audit
Title of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Operating Disbursements Dec. 31, 2020
and Liens Budget
Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
-
Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
Other Liabilities -
Trust Surplus -
Less Assets "Unfinanced"* xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx
-
-
-
-
- - - - - - - - *Show as red figure
ANALYSIS OF SEWER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS
RECEIPTS
Sh
eet 4
3
Budget Received Excess orin Cash Deficit*
Operating Surplus Anticipated 175,000.00 175,000.00 - Operating Surplus Anticipated with Consent of
Director of Local Government -
Sewer Rents 1,421,777.00 1,582,767.57 160,990.57
-
-
-
-
Reserve for Debt Service -
Capital Fund Balance
Added by N.J.S. 40A:4-87:(List) xxxxxxxxx xxxxxxxxx xxxxxxxxx
Sale of Utility 12,494,302.25 12,700,000.00 205,697.75
-
Subtotal 14,091,079.25 14,457,767.57 366,688.32
Deficit (General Budget) ** -
14,091,079.25 14,457,767.57 366,688.32 ** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must
agree with amounts shown for such items on Sheet 45.
Appropriations: xxxxxxxxx
Adopted Budget 1,596,777.00
Added by N.J.S. 40A:4-87 12,494,302.25
Emergency
Total Appropriations 14,091,079.25
Add: Overexpenditures (See Footnote)
Total Appropriations and Overexpenditures 14,091,079.25
Deduct Expenditures:
Paid or Charged 12,603,360.77
Reserved 15,828.69
Surplus (General Budget)**
Total Expenditures 12,619,189.46
Unexpended Balance Canceled (See Footnote) 1,471,889.79
FOOTNOTES: - RE: OVEREXPENDITURES:
Every appropriation overexpended in the budget document must be marked with an * and must agree in 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 SEWER UTILITY BUDGET - 2020
BUDGET REVENUES
Source
STATEMENT OF BUDGET APPROPRIATIONS
Sheet 44
NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Sewer 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: xxxxxxxxx
Budget Revenue (Not Including "Deficit (General Budget)") 14,457,767.57
Miscellaneous Revenue Not Anticipated 33,629.76
2019 Appropriation Reserves Canceled in 2020 14,658.96
Total Revenue Realized 14,506,056.29
Expenditures: xxxxxxxxx
Appropriations (Not Including "Surplus (General Budget)") xxxxxxxxx
Paid or Charged 12,603,360.77
Reserved 15,828.69
Expended Without Appropriation
Cash Refund of Prior Year's Revenue
Total Expenditures 12,619,189.46 Less: Deferred Charges Included in
Above "Total Expenditures"
Total Expenditures - As Adjusted 12,619,189.46
Excess 1,886,866.83
Budget Appropriation - Surplus (General Budget)**Balance of Results of 2020 Operation("Excess in Operations" - Sheet 46) 1,886,866.83
Deficit -
Anticipated Revenue - Deficit (General Budget)** - Balance of Results of 2020 Operation("Operating Deficit - to Trial Balance" - Sheet 46) -
SECTION 2:The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THEEXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in theSewer Utility for 2019
2019 Appropriation Reserves Canceled in 2020 14,658.96 Less:
-
* Excess (Revenue Realized) 14,658.96
** Items must be shown in same amounts on Sheet 44.
Sheet 45
STATEMENT OF 2020 OPERATION
SEWER UTILITY
Remainder =
Remainder =
Anticipated Deficit in 2019 Budget - Amount Received and Due from Current Fund - If none, enter 'None '"
Debit Credit
Excess in Anticipated Revenues xxxxxxxxx 366,688.32
Unexpended Balances of Appropriations xxxxxxxxx 1,471,889.79
Miscellaneous Revenues Not Anticipated xxxxxxxxx 33,629.76
Unexpended Balances of 2019 Appropriations* xxxxxxxxx 14,658.96
Deficit in Anticipated Revenues - xxxxxxxxx
xxxxxxxxx
Operating Deficit - to Trial Balance xxxxxxxxx -
Excess in Operations - to Operating Surplus 1,886,866.83 xxxxxxxxx
* See restriction in amount on Sheet 45, SECTION 2 1,886,866.83 1,886,866.83
Debit Credit
Balance - January 1, 2020 xxxxxxxxx 207,304.00
Excess in Results of 2020 Operations xxxxxxxxx 1,886,866.83
Amount Appropriated in the 2020 Budget - Cash 175,000.00 xxxxxxxxxAmount Appropriated in 2020 Budget with Prior WrittenConsent of Director of Local Government Services
Balance - December 31, 2020 1,919,170.83 xxxxxxxxx
2,094,170.83 2,094,170.83
Cash 2,047,767.55
Investments
Interfund Accounts Receivable 7,717.24
Subtotal 2,055,484.79
Deduct Cash Liabilities Marked with "C" on Trial Balance 136,313.96
Operating Surplus Cash or (Deficit in Operating Surplus Cash) 1,919,170.83
Other Assets Pledged to Surplus:*
Operating Deficit #
Total Other Assets -
# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET. 1,919,170.83 *In the case of a "Deficit in Operating Surplus Cash",
"other Assets" would be also pledged to cash liabilities.
Sheet 46
RESULTS OF 2020 OPERATIONS - SEWER UTILITY
OPERATING SURPLUS - SEWER UTILITY
ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM SEWER UTILITY - TRIAL BALANCE)
Deferred Charges #
xxxxxxxxx
Balance December 31, 2019 $ 178,380.14
Increased by:Rents Levied $ 1,469,398.09
Decreased by:
Collections $ 1,572,285.79
Overpayments applied $
Transfer to Liens $
Other $ 10,481.78
$ 1,582,767.57
Balance December 31, 2020 $ 65,010.66
Balance December 31, 2019 $
Increased by:
Transfers from Accounts Receivable $
Penalties and Costs $
Other $
$ -
Decreased by:
Collections $
Other $
$ -
Balance December 31, 2020 $ -
SCHEDULE OF SEWER UTILITY ACCOUNTS RECEIVABLE
SCHEDULE OF SEWER UTILITY LIENS
Sheet 47
AmountDec. 31, 2019 Amount in Amount Balance
per Audit 2020 Resulting as atReport Budget 2020 Dec. 31, 2020
1. Emergency Authorization -Municipal* $ $ $ $ -
2. $ $ $ $ -
3. $ $ $ $ -
4. $ $ $ $ -
5. $ $ $ $ -
Deficit in Operations $ $ $ $ -
Total Operating $ - $ - $ - $ -
6. $ $ $ $ -
7. $ $ $ $ -
Total Capital $ - $ - $ - $ -
*Do not include items funded or refunded as listed below.
Amount
1. $
2. $
3. $
4. $
5. $
Appropriated forin Budget of
Date Entered Amount Year 2021
1. $
2. $
3. $
4. $
Sheet 48
FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date Purpose
JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED
In Favor of On Account of
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN
DEFERRED CHARGES- MANDATORY CHARGES ONLY -
SEWER UTILITY FUND(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)
Caused By
Amount Not Less Than Balance BalanceAuthorized 1/5 of Amount Dec. 31, 2019 By 2020 Canceled Dec. 31, 2020
Authorized* Budget By Resolution
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Totals - - - - - -
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. andare recorded on this page
Chief Financial Officer
Sh
eet
48a
UTILITY SPECIAL EMERGENCY
Date Purpose REDUCED IN 2020
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Assessment Bonds $
2021 Interest on Bonds $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Bond Maturities - Capital Bonds $
2021 Interest on Bonds $
2021 Interest on Bonds (*Items) $ -
Less: Interest Accrued to 12/31/2020 (Trial Balance) $
Subtotal $ -
Add: Interest to be Accrued as of 12/31/2021 $ -
Required Appropriation 2021 $
2021 MaturityInterest
Rate
-
Sheet 49
Purpose Amount IssuedDate of Issue
-
LIST OF BONDS ISSUED DURING 2020
SEWER UTILITY CAPITAL BONDS
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON BONDS - SEWER UTILITY BUDGET
-
SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR BONDS
SEWER UTILITY ASSESSMENT BONDS
Credit2021 Debt
Service
xxxxxxxxx
xxxxxxxxx
-
Debit
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid 3,166,895.00
Outstanding - December 31, 2020 -
3,166,895.00
2021 Loan Maturities $
2021 Interest on Loans $
Outstanding - January 1, 2020 xxxxxxxxx
Issued xxxxxxxxx
Paid
Outstanding - December 31, 2020 -
-
2021 Loan Maturities $
2021 Interest on Loans $
2021 Interest on Loans (*Items) $ -
Less: Interest Accrued to 12/31/2020 (Trial Balance) $ 15,458.90
Subtotal $ (15,458.90)
Add: Interest to be Accrued as of 12/31/2021 $
Required Appropriation 2021 $
2021 MaturityInterest
Rate
-
Sheet 49a.1
Purpose Amount IssuedDate of Issue
-
LIST OF LOANS ISSUED DURING 2020
SEWER UTILITY ________________ LOAN
xxxxxxxxx
xxxxxxxxx
-
INTEREST ON LOANS - SEWER UTILITY BUDGET
(15,458.90)
SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR LOANS
SEWER UTILITY ________________ LOAN
Credit2021 Debt
Service
3,166,895.00
xxxxxxxxx
xxxxxxxxx
3,166,895.00
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020
1.
2.
3.
4.
5.
6.
7.
8.
9.
TOTAL - - - -
Important: If there is more than one utility in the municipality, identify each note.
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2021 Interest on Notes $ -
of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2020 (Trial Balance) $
* See Sheet 33 for clarifications of "Original Date of Issue". Subtotal $ -
All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2021 $is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted. Required Appropriation - 2021 $ - ** 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)
Sh
eet 5
0
INTEREST ON NOTES - SEWER UTILITY BUDGET
DEBT SERVICE FOR SEWER UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)
2021Title or Purpose of Issue
Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)
Dec. 31, 2020 **
- - - - 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, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent of
permanent financing submitted.
** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".
Sh
eet 5
1
DEBT SERVICE SCHEDULE FOR SEWER UTILITY ASSESSMENT NOTES
2021Title or Purpose of Issue
AmountLease Obligation Outstanding
Dec. 31, 2020 For Prinicpal For Interest/Fees
Total - - -
Sh
eet
51a
SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS SEWER UTILITY
2021 Budget RequirementsPurpose
2020 Expended OtherFunded Unfunded Authorizations Funded Unfunded
#416-18 Sanitary Sewer Improvements 6,671,220.57 (58,340.78) (6,729,561.35) - -
Total 70000- - 6,671,220.57 - - (58,340.78) (6,729,561.35) - - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.
not merely designate by a code number.
Sh
eet 5
2
SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SEWER (UTILITY CAPITAL FUND)
Balance - January 1, 2020 Balance - December 31, 2020IMPROVEMENTSSpecify each authorization by purpose. Do
Debit Credit
Balance - January 1, 2020 xxxxxxxxx 1,050,000.00
Received from 2020 Budget Appropriation xxxxxxxxx
xxxxxxxxxImprovement Authorizations Canceled
(financed in whole by the Capital Improvement Fund)
List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 1,050,000.00 xxxxxxxxx
1,050,000.00 1,050,000.00
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Received from 2020 Budget Appropriation * xxxxxxxxx
Received from 2020 Emergency Appropriation * xxxxxxxxx
Appropriated to Finance Improvement Authorizations xxxxxxxxx
xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of the
appropriation is to be permitted to lapse.
SEWER UTILITY CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
SEWER UTILITY CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
Sheet 53
xxxxxxxxx
Amount of DownAmount Total Down Payment Payment in Budget
Appropriated Obligations Provided by of 2020 or PriorAuthorized Ordinance Years
- - - -
Debit Credit
Balance - January 1, 2020 xxxxxxxxx
Premium on Sale of Bonds xxxxxxxxx
Funded Improvement Authorizations Canceled xxxxxxxxx
Miscellaneous
Appropriated to Finance Improvement Authorization xxxxxxxxx
Appropriation to 2020 Budget Reserve xxxxxxxxx
Balance - December 31, 2020 - xxxxxxxxx
- -
YEAR 2020
Sheet 54
SEWER UTILITY CAPITAL FUND
CAPITAL IMPROVEMENTS AUTHORIZED IN 2020AND DOWN PAYMENTS (N.J.S. 40A:2-11)
Purpose
SEWER UTILITY FUNDSTATEMENT OF CAPITAL SURPLUS