ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2016 MUNICODE ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:512, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES , ,921,584 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2017 MUNICIPALITIES FEBRUARY 10, 2017 Borough of Runnemede, County of Camden SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 Preliminary Check 2 Examined I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature Name Title Michael D. Cesaro Registered Municipal Accountant mcesaro@bowmanllp.com (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 an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do hereby certify that I, Richard E. Wright, Jr., am the Chief Financial Officer, License # N0517, of the Borough of Runnemede, County of Camden and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2016, completely in compliance with N.J.S. 40A:512, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, Signature Title Address Phone Number Fax Number Chief Financial Officer 24 N. Black Horse Pike, Runnemede, NJ (856) (856) rwright@runnemede.org IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet 1

2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the postclosing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the Borough of Runnemede as of December 31, 2016 and have applied certain agreedupon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:512, as amended. Because the agreedupon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the postclosing trial balances, related statements and analyses. In connection with the agreedupon 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 Annual Financial Statement for the year ended December 31, 2016 is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole. Listing of agreedupon procedures not performed and/or matters coming to my attention of which the Director should be informed: None. Michael D. Cesaro Registered Municipal Accountant Bowman & Company LLP (Firm Name) 601 White Horse Road (Address) Voorhees, New Jersey (Address) (856) (Phone Number) Certified by me mcesaro@bowmanllp.com ( ) This 9th day of February, 2017 (856) (Fax Number) Sheet 1a Borough of Runnemede, Muni Code: 0430

3 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination. CERTIFICATION OF QUALIFYING MUNICIPALITY 1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5% 2. All emergencies approved for the previous fiscal year did not exceed 3% of total appropriations; 3. The tax collection rate exceeded 90% 4. Total deferred charges did not equal or exceed 4% of the total tax levy; 5. There were no "procedural deficiencies" noted by the registered municipal accountant on Sheet 1a of the Annual Financial Statement; 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 consecutive years. 8. The municipality did not conduct a tax levy sale the previous fiscal year and does not plan to conduct one in the current year. 9. The current year budget does not contain a levy or appropriation "CAP" referendum. 10. The municipality will not apply for Transitional Aid for The undersigned certifies that this municipality has complied in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Chief Financial Officer: Borough of Runnemede Richard E. Wright, Jr. Signature: Certificate #: N0517 Date: CERTIFICATION OF NONQUALIFYING MUNICIPALITY 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: Municipality: Chief Financial Officer: Signature: Certificate #: Date: Sheet 1b Borough of Runnemede, Muni Code: 0430

4 Fed I.D. # Borough of Runnemede Municipality Camden County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2016 (1) (2) (3) Federal Programs Expended State Other Federal (administered by Programs Programs the State) Expended Expended TOTAL $ 14, $ 100, $ Type of Audit required by US Uniform Guidance and NJ OMB 1508: Single Audit Program Specific Audit X Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book) Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with US Uniform Guidance and NJ OMB The single audit threshold has been increased to $750,000 beginning with fiscal year starting 1/1/2015. (1) Report expenditures from federal passthrough programs received directly from state governments. Federal passthrough funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from passthrough entities. Exclude state aid (i.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments. Signature of Chief Financial Officer Date Sheet 1c Borough of Runnemede, Muni Code: 0430

5 IMPORTANT! READ INSTRUCTIONS INSTRUCTION The following certification is to be used ONLY in the event there is NO municipality operated utility. If there is a utility operated by the municipality or if a "utility fund" existed on the books of account, do not sign this statement and do not remove any of the UTILITY sheets from the document. CERTIFICATION I hereby certify that there was no "utility fund" on the books of account and there was no utility owned and operated by the of, County of during the year 2016 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Signature Name Title (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) 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. MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2016 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2017 and filed with the County Board of Taxation on January 10, 2017 in accordance with the requirement of N.J.S.A. 54:435, was in the amount of $ 504,103,965. SIGNATURE OF TAX ASSESSOR Borough of Runnemede MUNICIPALITY Camden COUNTY Sheet 2 Borough of Runnemede, Muni Code: 0430

6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND AS OF DECEMBER 31, 2016 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash 1,903, Investments Due from State of NJ Senior Citizens & Veterans Deductions Cash Change Funds Receivables with Full Reserves: Delinquent Taxes 279, Tax Title Liens 77, Property Acquired by Taxes 23, Contract Sales Receivable Mortgage Sales Receivable Revenue Accounts Receivable 7, Due from Municipal Court Prepaid County Taxes 0.11 Prepaid Local School Taxes 1.99 Prepaid Regional School Taxes Due from Animal Control Fund Due from Trust Other Fund 89, Accounts Receivable Other Due from Bank 3, Due Camden County Utility Authority 1, Accounts Receivable Transportation Trust Fund Aid 63, Subtotal Receivables with Full Reserves 547, Deferred Charges (Sheets 28, 29 & 30) 209, Deferred School Taxes (Sheets 13 & 14) Subtotal 2,661, (Do not crowd add additional sheets) Sheet 3 Borough of Runnemede, Muni Code: 0430

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND (CONT'D) AS OF DECEMBER 31, 2016 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Totals from Sheet 3 2,661, Cash Liabilities: Appropriation Reserves 46, Due to State of New Jersey Senior Citizens & Veterans Deductions 99, Local District School Tax Payable Regional School Tax Payable Regional High School Tax Payable County Taxes Payable Due County for Added and Omitted Taxes 2, Special District Taxes Payable State Library Aid ( See Sheet 16 ) Reserve for Encumbrances 149, Prior Year Unallocated Receipts Prepaid Taxes 130, Accounts Payable 63, Contracts Payable 24, Reserve for Reassessment Program 11, Reserve for Codification of Ordinances 1, Reserve for Sale of Municipal Assets 7, Due General Capital Fund 19, Subtotal Cash Liabilities C 556, Reserve for Receivables 547, School Taxes Deferred (Sheets 13& 14) Fund Balance 1,556, Total 2,661, ,661, (Do not crowd add additional sheets) Sheet 3a Borough of Runnemede, Muni Code: 0430

8 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND Accounts #1 and #2* AS OF DECEMBER 31, 2016 Title of Account Debit Credit Cash Public Assistance #1 Cash Public Assistance #2 Total (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 4 Borough of Runnemede, Muni Code: 0430

9 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS OF DECEMBER 31, 2016 Title of Account Debit Credit Cash 106, Federal and State Grants Receivable 152, Appropriated Reserves for Federal and State Grants 113, Unappropriated Reserves for Federal and State Grants 9, Due to General Capital Fund 110, Reserve for Encumbrances 25, Total 258, , (Do not crowd add additional sheets) Sheet 5 Borough of Runnemede, Muni Code: 0430

10 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2016 Title of Account Debit Credit Trust Assessment Fund Cash Deferred Charges Assessment Bonds Assessment Notes Fund Balance Total Trust Assessment Fund Animal Control Fund Cash 26, Deferred Charges Due to Current Fund Reserve for Animal Control Expenditures 26, Total Animal Control Fund 26, , (Do not crowd add additional sheets) Sheet 6 Borough of Runnemede, Muni Code: 0430

11 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2016 Title of Account Debit Credit Trust Other Fund Cash 1,190, Deferred Charges Due from Sewer Utility Operating Fund 8, Due from Public Events Participants 1, Due Current Fund 89, Due State Marriage License Fees Street Opening Deposits 21, Due Runnemede Sewerage Authority 8, Deposits Due to Contractor 2, Reserve for Miscellaneous Trust Funds 1,077, Subtotal 1,199, ,199, (Do not crowd add additional sheets) Sheet 6i Borough of Runnemede, Muni Code: 0430

12 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2016 Title of Account Debit Credit Trust Other Fund (Cont'd) Totals from Sheet 6i 1,199, ,199, Total Trust Other Fund 1,199, ,199, (Do not crowd add additional sheets) Sheet 6ii Borough of Runnemede, Muni Code: 0430

13 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2016 Title of Account Debit Credit Municipal Open Space Trust Fund Cash Total Municipal Open Space Trust Fund Community Development Block Grant Fund Cash 29, CDBG Receivable 33, CDBG Reserve 62, (Do not crowd add additional sheets) Sheet 6iii Borough of Runnemede, Muni Code: 0430

14 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2015:.. (1) $ 4, x 25% (2) $ 1, Municipal Public Defender Trust Cash Balance December 31, 2016: (3) $ 10, Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25% the amount which the municipality expended during the prior year providing the services of a municipal public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation Board (P.O. Box 084, Trenton, N.J ). Amount in excess of the amount expended: 3 (1 +2) =.. $ 4, The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C Chief Financial Officer: Richard E. Wright, Jr. Signature: Certificate #: N0517 Date: Sheet 6a Borough of Runnemede, Muni Code: 0430

15 SCHEDULE OF TRUST FUND RESERVES Amount Dec. 31, 2015 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, Uniform Construction Code $ 51, $ 200, $ 199, $ 52, NJ Unemployment Compensation 2, , , , Planning Board Escrow 137, , , , TTL Redemption 1,033, ,505, ,813, , POAA 1, , Disposal of Forfeited Property #1 2, , Funds Held in Escrow 18, , , , Recreation Facility Escrow Disposal of Forfeited Property #2 3, , Public Defender Fees 8, , , Payroll Deduction Payable 38, ,228, ,217, , Storm Recovery Fund 20, , Uniform Fire Safety , , Municipal Alliance 3, , Police Outside Employment 43, , , , Totals: $ 1,365, ,350, ,638, $ 1,077, Sheet 6b Borough of Runnemede, Muni Code: 0430

16 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Disbursements Balance and Investments are Pledged Dec. 31, 2015 and Liens Budget Dec. 31, 2016 Assessment Serial Bond Issues: XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX Assessment Bond Anticipation Note Issues: XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX Sheet 7 Other Liabilities Trust Surplus Less Assets "Unfinanced" XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX Total Sheet 7 Borough of Runnemede, Muni Code: 0430

17 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS OF DECEMBER 31, 2016 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized Bonds and Notes Authorized but Not Issued Cash 641, Deferred Charges To Future Taxation Funded 5,708, To Future Taxation Unfunded 1,321, State Aid Receivable 185, Note Receivable Runsen House 300, Due from Federal and State Grant Fund 110, Due Sewer Utility Capital Fund 74, Due Current Fund 19, Reserve for Encumbrances 334, Due Sewer Utility Operating Fund 46, General Capital Bonds 5,251, Assessment Serial Bonds Bond Anticipation Notes 1,320, Assessment Notes Loans Payable 457, Loans Payable Improvement Authorizations Funded 60, Improvement Authorizations Unfunded 469, Capital Improvement Fund 21, Down Payments on Improvements Capital Surplus Reserve for State Aid Receivable 99, Reserve for Note Receivable 300, Total 8,360, ,360, (Do not crowd add additional sheets) Sheet 8 Borough of Runnemede, Muni Code: 0430

18 CASH RECONCILIATION DECEMBER 31, 2016 Cash Less Checks Cash Book *On Hand On Deposit Outstanding Balance Current 252, ,185, ,534, ,903, Trust Assessment Trust Dog License 28, , , Trust Other 6, ,288, , ,190, Capital General 726, , , Water Operating Water Capital Utility Operating Utility Capital Sewer Utility Operating 59, , , , Sewer Utility Capital 1,143, , ,093, Public Assistance #1** Public Assistance #2** Garbage District Federal and State Grant Fund 106, , Municipal Open Space Trust Fund Sewer Assessment Trust Water Assessment Trust CDBG Fund 29, , Total 319, ,898, ,978, ,239, * Include Deposits In Transit ** Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains such a bank account REQUIRED CERTIFICATION I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at December 31, All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title: Registered Municipal Accountant Sheet 9 Borough of Runnemede, Muni Code: 0430

19 CASH RECONCILIATION DECEMBER 31, 2016 (CONT'D) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" TD Bank: Current Fund 3,292, Sewer Utility Operating 390, Sewer Utility Capital 1,143, General Capital 726, Animal Control 28, CDBG Trust Fund 29, Trust Other 1,288, Total 6,898, Note: Sections N.J.S. 40A:461, 40A:462 and 40A:463 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a Borough of Runnemede, Muni Code: 0430

20 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2016 Budget Balance Grant Jan. 1, 2016 Revenue Received Accrued Dec. 31, 2016 Realized Federal Grants: Asssistance to Firefighters Grant 11, , , , State Grants: New Jersey Transportation Trust Fund: Singley, Hirsch, & Third Avenues 7, , East 11th Ave. 14, , Sheet 10 Constitution Avenue 50, , Bulletproof Vest Partnership Grant 2, , Municipal Alliance Grant 29, , , Recycling Tonnage Grant 8, , Police Domestic Violence Program Grant 3, , Safe and Secure Communities Program 39, , , , Buckleup South Jersey Body Armor Grant , , Edward Byne Memorial Justice Assistance Grant Clean Communities Grant , , Other Grants: Recreation Facility Enhancement Grant 125, , Totals 286, , , , Sheet 10 Borough of Runnemede, Muni Code: 0430

21 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2016 Balance Budget Appropriations Balance Grant Jan. 1, 2016 Budget Appropriation Expended Encumbered Dec. 31, 2016 By 40A:487 Federal Grants: Assistance to Firefighters' Grant 10, , , , , State Grants: New Jersey Transportation Trust Fund: Black Horse Pike Revitalization 17, , Read Avenue 8, , Sheet 11 S.Oakland Ave Safe and Secure Communities Program 2, , , , Drunk Driving Enforcement Grant 2, , , , Clean Communities Grant 20, , , , , Statewide Livable Communities Grant Alcohol Education and Rehabilitation Fund Body Armor Grant 6, , , , Bulletproof Vest Partnership Grant Total 71, , , , , , Sheet 11 Borough of Runnemede, Muni Code: 0430

22 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (CONT'D) Transferred from 2016 Balance Budget Appropriations Balance Grant Jan. 1, 2016 Budget Appropriation Expended Encumbered Dec. 31, 2016 By 40A:487 Total From Page 11 71, , , , , , State Grants (Cont'd): Municipal Alliance Grant 35, , , , Municipal Stormwater Regulation Program Grant 1, , Police Domestic Violence Program Grant 3, , Special Purpose Grant 6, , Sheet 11a Buckleup South Jersey 2, , Operations Planning Grant Recycling Tonnage Grant 10, , , Safe Schools and Communities Program 15, , Sustainable Jersey Small Grant Camden County DWI Patrol Edward Byrne Memorial Justice Assistance Grant Other Grants: Recreation Facility Enhancement Grant 14, , Totals 161, , , , , , Sheet 11a Borough of Runnemede, Muni Code: 0430

23 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2016 Balance Budget Appropriations Accrued Balance Grant Jan. 1, 2016 Budget Appropriation Receipts Federal & State Dec. 31, 2016 By 40A:487 Grant Receivable Federal Grants: Assistance to Firefighters 28, , State Grants Recycling Tonnage Grant 8, , , , Body Armor Grant 3, , , , Drunk Driving Enforcement Grant 3, , Sheet 12 Safe and Secure Communities Grant Camden County DWI Patrol , , Clean Communities Grant 17, , , , Totals 33, , , , , Sheet 12 Borough of Runnemede, Muni Code: 0430

24 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2016 School Tax Payable # (2.49) School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year ,966, Paid 6,966, Balance December 31, 2016 School Tax Payable # (1.99) School Tax Deferred (Not in excess of 50% of Levy ) * Not including Type 1 school debt service, emergency authorizationsschools, transfer to 6,966, ,966, Board of Education for use of local schools # Must include unpaid requisitions MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy Added and Omitted Levy Interest Earned Expenditures Balance December 31, Sheet 13 Borough of Runnemede, Muni Code: 0430

25 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year 2016 Paid Balance December 31, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2016 School Tax Payable # (29.58) School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year ,826, Paid 2,826, Balance December 31, 2016 School Tax Payable # (29.58) School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions 2,826, ,826, Sheet 14 Borough of Runnemede, Muni Code: 0430

26 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2016 County Taxes (0.11) Due County for Added and Omitted Taxes Levy General County ,116, County Library County Health County Open Space Preservation 101, Due County for Added and Omitted Taxes , Paid 4,218, Balance December 31, 2016 County Taxes (0.11) Due County for Added and Omitted Taxes 2, ,220, ,220, SPECIAL DISTRICT TAXES Debit Credit Balance January 1, Levy: (List Each Type of District Tax Separately see Footnote) Fire Sewer Water Garbage Open Space Total 2016 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance Sheet 15 Borough of Runnemede, Muni Code: 0430

27 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:5435) Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, State Library Aid Received in Expended Balance December 31, Sheet 16 Borough of Runnemede, Muni Code: 0430

28 STATEMENT OF GENERAL BUDGET REVENUES 2016 Source Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: X Adopted Budget 1,890, ,043, , Added by N.J.S. 40A:487: (List on 17a) X 68, , Total Miscellaneous Revenue Anticipated ,958, ,111, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: X (a) Local Tax for Municipal Purposes ,947, X (b) Addition to Local District School Tax X (c) Minimum Library Tax , X Total Amount to be Raised by Taxation ,115, ,258, , ,083, ,420, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,796, Amount to be Raised by Taxation X Local District School Tax ,966, X Regional School Tax X Regional High School Tax ,826, X County Taxes ,217, X Due County for Added and Omitted Taxes , X Special District Taxes X Municipal Open Space Tax X Reserve for Uncollected Taxes , Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) ,258, X *Excess NonBudget Revenue (see footnote) X *Deficit NonBudget Revenue (see footnote) * These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" 19,271, ,271, column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "NonBudget Revenue" only. Sheet 17 Borough of Runnemede, Muni Code: 0430

29 STATEMENT OF GENERAL BUDGET REVENUES 2016 (CONTINUED) MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:487 Source Budget Realized Excess or Deficit Safe and Secure Communities Program 19, , Clean Communities Grant 20, , Assistance to Firefighters 28, , Total (Sheet 17) 68, , I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:487 and matching funds have been provided if applicable. CFO Signature: Sheet 17a Borough of Runnemede, Muni Code: 0430

30 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,015, Budget Added by N.J.S. 40A: , Appropriated for 2016 (Budget Statement Item 9) ,083, Appropriated for 2016 Emergency Appropriation (Budget Statement Item 9) , Total General Appropriations (Budget Statement Item 9) ,268, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,268, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,748, Paid or Charged Reserve for Uncollected Taxes , Reserved , Total Expenditures ,268, 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". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2016 Authorizations N.J.S. 40A:446 (After adoption of Budget) N.J.S. 40A:420 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18 Borough of Runnemede, Muni Code: 0430

31 RESULTS OF 2016 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2016 Budget Appropriations Miscellaneous Revenue Not Anticipated , Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of 2015 Appropriation Reserves , Prior Years Interfunds Returned in , Reserves Liquidated: Prepaid Local School Taxes 0.50 Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) Balance January 1, Balance December 31, Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Delinquent Tax Collections Required Collection of Current Taxes Interfund Advances Originating in Senior Citizens' Deductions Disallowed on Prior Year Taxes 14, Refund of Prior Year Revenue 1, Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) , , , Sheet 19 Borough of Runnemede, Muni Code: 0430

32 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Property Maintenance Fees 23, Recycling Revenue 3, Insurance Dividends 73, Premium Escheats 6, Admin Fee Senior & Veterans Deductions 2, Admin Fee Police Outside Employment 93, Miscellaneous 39, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 241, Sheet 20 Borough of Runnemede, Muni Code: 0430

33 SURPLUS CURRENT FUND YEAR 2016 Debit Credit 1. Balance January 1, ,401, Excess Resulting from 2016 Operations , Amount Appropriated in the 2016 Budget Cash , Amount Appropriated in the 2016 Budget with Prior Written Consent of Director of Local Government Services Balance December 31, ,556, ,130, ,130, ANALYSIS OF BALANCE DECEMBER 31, 2016 (FROM CURRENT FUND TRIAL BALANCE) Cash ,904, Investments Sub Total 1,904, Deduct Cash Liabilities Marked with "C" on Trial Balance , Cash Surplus ,347, Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of N.J. Senior Citizens and Veterans Deduction Deferred Charges # , Cash Deficit # Total Other Assets , * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS ,556, WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NONCASH SURPLUS IN 2017 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. NOTE: Deferred charges for authorizations under N.J.S. 40A:455 (Tax Map, etc.), N.J.S. 40A:455 (Flood Damage, etc.), N.J.S. 40A:455.1 (Roads and Bridges, etc.) and N.J.S. 40A: (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21 Borough of Runnemede, Muni Code: 0430

34 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2016 LEVY 1. Amount of Levy as per Duplicate (Analysis) # $ 19,126, or (Abstract of Ratables) Amount of Levy Special District Taxes Amount Levied for Omitted Taxes under N.J.S.A. 54: et. seq Amount Levied for Added Taxes under , N.J.S.A. 54:463.1 et. seq. 5a. Subtotal 2016 Levy 19,135, b. Reductions due to tax appeals ** 5c. Total 2016 Tax Levy ,135, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2016 * ,198, Homestead Benefit Revenue , State's Share of 2016 Senior Citizens and Veterans Deductions Allowed , Total to Line ,796, Total Credits 18,856, Amount Outstanding December 31, , Percentage of Cash Collections to Total 2016 Levy, (Item 10 divided by Item 5c) is 98.23% 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 18,796, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 18,796, 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, / $1,500,000 or The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor % # Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2016 collections. ** Tax appeals pursuant to R.S. 54:321 et seq and/or R.S. 54:481 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:441) Sheet 22 Borough of Runnemede, Muni Code: 0430

35 ACCELERATED TAX SALE / TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2016 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L (1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22)... LESS: Proceeds from Accelerated Tax Sale... NET Cash Collected... Line 5c (sheet 22) Total 2016 Tax Levy... Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... (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 2016 Tax Levy... Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... Sheet 22a Borough of Runnemede, Muni Code: 0430

36 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2016 Due From State of New Jersey Due To State of New Jersey 99, Sr. Citizens Deductions Per Tax Billings 41, Veterans Deductions Per Tax Billings 82, Sr. Citizens Deductions Allowed By Tax Collector 1, Sr. Citizens Deductions Disallowed By Tax Collector 1, Sr. Citizens Deductions Disallowed By Tax Collector 2015 Taxes 14, Received in Cash from State 109, Balance December 31, 2016 Due From State of New Jersey Due To State of New Jersey 99, , , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 41, Line 3 82, Line 4 1, SubTotal 124, Less: Line 7 1, To Item 10, Sheet , Sheet 23 Borough of Runnemede, Muni Code: 0430

37 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:327) Debit Credit Balance January 1, 2016 Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2016 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals Cash Paid to Appellants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Balance December 31, 2016 Taxes Pending Appeals* Interest Earned on Taxes Pending Appeals * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2016 Signature of Tax Collector License # Date Sheet 24 Borough of Runnemede, Muni Code: 0430

38 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2017 MUNICIPAL BUDGET 1. Total General Appropriations for 2017 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes) Local District School Tax Actual Estimate** Regional School District Tax Actual Estimate* Regional High School Tax Actual School Budget Estimate* County Tax Actual Estimate* Special District Taxes Actual Estimate* Municipal Open Space Tax Actual Estimate* Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2017 in Municipal Budget (Item 5) Cash Required from 2017 Taxes to Support Local Municipal Budget and Other Taxes Amount of item 10 Divided by [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) YEAR 2017 YEAR ,966, ,826, ,217, Analysis of Item 11: Local District School Tax * Must not be stated in an amount less than (Amount Shown on Line 2 Above) ''actual'' Tax of year 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, 2017 (Chap. (Amount Shown on Line 5 Above) 136, P.L. 1978). Consideration must be Special District Tax given to calendar year calculation. (Amount Shown on Line 6 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above) Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Note: Item 1 Total General Appropriations The amount of anticipated rev Item 12 Appropriation: Reserve for Uncollected Taxes enues (Item 9) may never exceed SubTotal the total of Items 1 and 12. Less: Item 9 Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget Sheet 25 Borough of Runnemede, Muni Code: 0430

39 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 Exclusion Outstanding Balance of Delinquent Taxes (sheet 26, Item 14A) x % of Collection (Item 16) C. TIMES: % of increase of Amount to be Raised by Taxes over Prior Year % [(2017 Estimated Total Levy 2016 Total Levy)/2016 Total Levy] D. Reserve for Uncollected Taxes Exclusion Amount $ [(B x C) + B] E. Net Reserve for Uncollected Taxes Appropriation in Current Budget $ (A D) 2017 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 25a Borough of Runnemede, Muni Code: 0430

40 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, , A. Taxes , B. Tax Title Liens , Canceled: A. Taxes B. Tax Title Liens Transferred to Foreclosed Tax Title Liens: A. Taxes B. Tax Title Liens Added Taxes , Added Tax Title Liens Adjustment between Taxes (Other than current year) and Tax Title Liens: A. Taxes Transfers to Tax Title Liens X (1) 3, B. Tax Title Liens Transfers from Taxes , (1) X 7. Balance Before Cash Payments 546, Totals 549, , Balance Brought Down 546, Collected: 476, A. Taxes , B. Tax Title Liens , Interest and Costs 2016 Tax Sale , Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 833, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 87.28% 17. Item No. 14 multiplied by percentage shown above is 311, and represents the maximum amount that may be anticipated in (See Note A on Sheet 22 Current Taxes) (1) These amounts will always be the same. Sheet 26 Borough of Runnemede, Muni Code: 0430

41 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance January 1, , Foreclosed or Deeded in Tax Title Liens Taxes Receivable A B Adjustment to Assessed Valuation Adjustment to Assessed Valuation Sales 9. Cash * Contract Mortgage Loss on Sales Gain on Sales Balance December 31, , CONTRACT SALES 23, , Debit Credit 15. Balance January 1, Sales from Foreclosed Property Collected * Balance December 31, MORTGAGE SALES Debit Credit 20. Balance January 1, Sales from Foreclosed Property Collected * Balance December 31, Analysis of Sale of Property: $ * Total Cash Collected in 2016 ( ) Realized in 2016 Budget To Results of Operation (Sheet 19) Sheet 27 Borough of Runnemede, Muni Code: 0430

42 DEFERRED CHARGES MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:455, N.J.S. 40A:455.1 or N.J.S. 40A: listed on Sheets 29 and 30.) Amount Dec. 31, 2015 Amount in Amount Balance per Audit 2016 Resulting as at Caused By Report Budget from 2016 Dec. 31, Emergency Authorization Municipal* $ $ $ 185, $ 185, Emergency Authorizations Schools $ $ $ $ 3. Deficit from Operations $ $ $ $ 4. $ $ $ $ Subtotal Current Fund $ $ $ 185, $ 185, Capital $ $ $ $ 6. Trust Assessment $ $ $ $ 7. Animal Control Fund $ $ $ $ 8. Trust Other $ $ $ $ 9. $ $ $ $ *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:447 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:23 OR N.J.S. 40A:251 Date Purpose Amount 1. $ 2. $ 3. $ 4. $ 5. $ JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In Favor of On Account of Date Entered Amount Year $ 2. $ 3. $ 4. $ Sheet 28 Borough of Runnemede, Muni Code: 0430

43 N.J.S. 40A:453 SPECIAL EMERGENCY TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICI PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Not Less Than REDUCED IN 2016 Amount 1/5 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, /2/12 Reassessment Program 120, , , , , Sheet 29 Totals 120, , , , , It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:453 et seq. and are recorded on this page Chief Financial Officer * Not less than onefifth (1/5) of amount authorized but not more than the amount shown in the column ''Balance Dec. 31, 2016'' must be entered here and then raised in the 2017 budget. Sheet 29 Borough of Runnemede, Muni Code: 0430

44 N.J.S. 40A:455.1, ET SEQ., SPECIAL EMERGENCY DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:455.13, ET SEQ., SPECIAL EMERGENCY PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN 2016 Amount 1/3 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, 2016 Sheet 30 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. 40A:455.1 et seq. and N.J.S.A. 40A: et seq are recorded on this page Chief Financial Officer * Not less than onethird (1/3) of amount authorized but not more than the amount shown in the column ''Balance Dec. 31, 2016'' must be entered here and then raised in the 2017 budget. Sheet 30 Borough of Runnemede, Muni Code: 0430

45 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS MUNICIPAL GENERAL CAPITAL BONDS Debit Outstanding January 1, Issued Paid , Credit 6,049, Debt Service Outstanding December 31, ,251, ,049, ,049, Bond Maturities General Capital Bonds $ 2017 Interest on Bonds * ASSESSMENT SERIAL BONDS 148, , Outstanding January 1, Issued Paid Outstanding December 31, Bond Maturities Assessment Bonds $ 2017 Interest on Bonds Total "Interest on Bonds Debt Service" (*Items) $ 148, LIST OF BONDS ISSUED DURING 2016 Purpose 2017 Maturity Amount Issued Date of Interest Issue Rate Total Sheet 31 Borough of Runnemede, Muni Code: 0430