ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED) POPULATION LAST CENSUS 28,148 NET VALUATION TAXABLE ,615,695,800 MUNICODE 1334 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2018 MUNICIPALITIES - FEBRUARY 10, 2018 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICE Township of Neptune County of Monmouth 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: Title: Charles Fallon Register Municipal Accountant (This must be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER: I hereby certify that I am responsible for filing this verified Annual Financial Statement, and information required also included herein and that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do hereby certify that I Michael Bascom am the Chief Financial Officer, License #174/1126, of the Township of Neptune, County of Monmouth 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, 2017, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, Prepared by Chief Financial Officer: No Signature Michael Bascom Title Chief Financial Officer / Tax Collector Address 25 Neptune Boulevard Neptune, NJ Phone Number ext 241 mbascom@neptunetownship.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. Page 1 of 111

2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the post-closing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the Township Of Neptune as of December 31, 2017 and have applied certain agreed-upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended. Because the agreed-upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post-closing trial balances, related statements and analyses. In connection with the agreed-upon procedures no matters came to my attention that caused me to believe that the Annual Financial Statement for the year end December 31, 2017 is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures, or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole. Listing of agreed-upon procedures not performed and/or matters coming to my attention of which the Director should be informed: Certified by me 2/23/2018 Charles Fallon Registered Municipal Accountant Fallon & Larsen LLP Firm Name 1390 Route 36, Suite 102 Hazlet, NJ Address Phone Number chuckfallon@falloncpa.com Page 2 of 111

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 compiled in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Chief Financial Officer: Signature: Certificate #: Date: Neptune CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet Item(s) # Group 2 - ineligible of the criteria above and therefore does not qualify for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Neptune Chief Financial Officer: Michael Bascom Signature: Michael Bascom Certificate #: 174/1126 Date: 2/25/2018 Page 3 of 111

4 Fed I.D. # Neptune Municipality Monmouth County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2017 (1) (2) (3) Federal Programs Expended State Programs Expended Other Federal Programs Expended (administered by the State) Total $384, $398, $643, Type of Audit required by OMB Uniform Guidance and N.J. Circular OMB: Single Audit Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB Uniform Guidance and N.J. Circular OMB. The single audit threshold has been increased to $750,000 beginning with fiscal year starting 1/1/2015. (1) Report expenditures from federal pass-through programs received directly from state governments. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (i.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments. Michael Bascom 2/25/2018 Signature of Chief Financial Officer Date Page 4 of 111

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 Township of Neptune, County of Monmouth during the year I have therefore removed from this statement the sheets pertaining only to utilities Signature: Name: Title: (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2018 and filed with the County Board of Taxation on January 10, 2018 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $3,917,528,600 BERNARD HANEY SIGNATURE OF TAX ASSESSOR Neptune MUNICIPALITY Monmouth COUNTY Page 5 of 111

6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS OF DECEMBER 31, 2017 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Receivables with Full Reserves Abating Costs Receivable 15, Mortgage Receivable - AHT 400, Commercial Refuse Collection Recevable Interfund - Trust Fund 2, Revenue Accounts Receivable 39, Pilot Program 130, Delinquent Taxes 1,239, Tax Title Liens 18, Property Acquired by Taxes 5,242, Contract Sales Receivable Mortgage Sales Receivable Subtotal Receivables with Full Reserves 7,089, Cash Liabilities Encumbrances Payable 926, Accounts Payable 81, Tax Overpayments 63, Prepaid Taxes 3,035, Interfund - Federal and State Grant Fund 28, Reserve for FEMA Reimbursements - Hurricane Sandy 91, Reserve for Revaluation 90, Reserve for Insurance Refunds 180, Due to State - UCC Training Fees 6, Reserve for Vital Statistics Reserve for Election Expenses 10, Appropriation Reserves 1,363, Due to State of New Jersey - Senior Citizens & Veterans Deductions Local District School Tax Payable 1,467, Regional School Tax Payable Regional High School Tax Payable County Taxes Payable Due County for Added and Omitted Taxes 62, Special District Taxes Payable 0.00 State Library Aid 12, Subtotal Cash Liabilities ,422, Current Fund Total Investment in General Capital Fund Notes 1,750, Special Emergency Note Payable 200, Special Emergency 200, Cash 8,631, Investments Due from State of NJ - Senior Citizens & Veterans 17, Deductions Deferred School Taxes 17,265, Reserve for Receivables 7,089, School Taxes Deferred 17,265, Fund Balance 2,977, Total 34,954, ,955, Page 6 of 111

7 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 and #2* AS OF DECEMBER 31, 2017 Title of Account Debit Credit Reserve for Public Assistance 19, Cash Public Assistance #1 19, Cash Public Assistance #2 Total 19, , Page 7 of 111

8 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS OF DECEMBER 31, 2017 Title of Account Debit Credit Interfund - Current Fund 28, Interfund - Trust Fund 28, Encumbrances Payable 535, Interfund - Marina Utility Capital fund 39, Cash 556, Federal and State Grants Receivable 568, Appropriated Reserves for Federal and State Grants 499, Unappropriated Reserves for Federal and State Grants 50, ,154, ,154, Page 8 of 111

9 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2017 Title of Account Debit Credit Trust Assessment Fund Cash Deferred Charges Assessment Bonds Assessment Notes Fund Balance Total Trust Assessment Fund Animal Control Fund Due to State of New Jersey Encumbrances Payable 7, Reserve for Animal Control Expenditures 7, Cash 15, Deferred Charges Total Animal Control Fund 15, , Trust Other Fund Interfund - Sewer Utility Operating fund 14, Interfund - Grant Fund 28, Interfund - Current Fund 2, Encumbrances Payable 137, Reserve for fire Prevention Services Reserve for POAA 12, Reserve for Veterans Memorial Park 38, Reserve for Fuel Agencies 29, Reserve for Hurricane Sandy 1, Reserve for Emergency Management 1, Reserve for Public Defender 28, Reserve for Senior Citizen Donations 33, Reserve for Senior Citizen Building Donations 2, Reserve for Law Enforcement 75, Reserve for Unclaimed Moneys 48, Reserve for Unemployment Trust 129, Reserve for Municipal Alliance 20, Reserve for Older Americans 1.00 Reserve for Special Police 238, Reserve for Police Vest 3, Reserve for recreation Trust 163, Reserve for Wesley Lake Trust Reserve for Open Space 3, Reserve for Tree Preservation 81, Reserve for Tax Collectors Trust 1,483, Reserve for Affordable Housing 932, Reserve for Federal LETF 24, Reserve for Accumulated Leave 40, Reserve for Developer Application and Review Escrow 196, (DARE) Reserve for Cash Guarantee 1,090, UDAG - Cash 641, UDAG - Notes Receivable Reciprcal Loans 130, UDAG - Notes Receivable Facade Loans 59, UDAG - Reserve for Notes Receivable Facade Loans 59, UDAG - Reserve for Notes Receivable Reciprocal Loans 130, UDAG - Reserve for Loan & Grant Expenditures 641, Cash 4,804, Deferred Charges Page 9 of 111

10 Title of Account Debit Credit Total 5,664, ,664, Municipal Open Space Trust Fund Cash Total Municipal Open Space Trust Fund Page 10 of 111

11 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2016: (1) $20, X 25% (2) $5, Municipal Public Defender Trust Cash Balance December 31, 2017: (3) $28, 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) = $2, 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: Michael Bascom Signature: Michael Bascom Certificate #: 174/1126 Date: 2/25/2018 Page 11 of 111

12 SCHEDULE OF TRUST FUND RESERVES Purpose Amount Dec. 31, 2016 Per Audit Report Receipts Disbursements Balance as of Dec. 31, 2017 Fire Prevention Services $ $ $ POAA $11, $ $12, Veterans Memorial Park $36, $8, , $38, Fuel Agencies $82, $67, , $29, Hurricane Sandy $1, $ $1, Emergency Management $ $11, , $1, Public Defender $31, $15, , $28, Senior Citizen Donations $21, $46, , $33, Senior Citizen Building Donations $7, $ , $2, Law Enforcement $89, $11, , $75, Unclaimed Moneys $45, $5, , $48, Unemployment Trust $115, $55, , $129, Municipal Alliance $18, $2, $20, Older Americans $0.93 $ $1.00 Special Police $198, $1,021, , $238, Police Vest $4, $2, , $3, Recreation Trust $122, $113, , $163, Wesley Lake Trust $ $ $ Open Space $3, $3.16 $3, Tree Preservation $132, $13, , $81, Tax Collector's Trust $1,681, $5,401, ,598, $1,483, Affordable Housing $865, $76, , $932, Federal LETF $14, $24, , $24, Accumulated Leave $40, $ $40, DARE $202, $254, , $196, Cash Guarantee $1,239, $322, , $1,090, Totals $4,965, $7,456, $7,743, $4,678, Page 12 of 111

13 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues Audit Balance Dec. 31, 2016 Assessments and Liens Receipts Current Budget Other Disbursements Balance Dec. 31, 2017 Assessment Bond Anticipation Note Issues Other Liabilities Trust Surplus Trust Surplus 0.00 Less Assets Unfinanced Totals Page 13 of 111

14 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS OF DECEMBER 31, 2017 Title of Account Debit Credit Grants Receivable 4,704, Due from Camp Meeting Association 48, Deferred charges to Future Taxation - Funded 2,961, Deferred charges to Future Taxation - Unfunded 24,901, Estimated Proceeds of Bonds and Notes Authorized 1,211, but not Issued Proceeds of Bonds and Notes Authorized but not 1,211, Issued Reserve for Due from Ocean Grove Camp Meeting 48, Association Reserve for Debt Service 43, Encumbrances Payable 2,554, Reserve for Serial Bond Issuance Costs 18, Reserve for Main Avenue Improvements 1, Deferred Charge - Capital Lease Obligation 4,062, Capital Lease Obligation 4,062, Cash 8,684, Deferred Charges General Capital Bonds 24,170, Assessment Serial Bonds Bond Anticipation Notes 4,647, Assessment Notes Loans Payable 731, Loans Payable 0.00 Improvement Authorizations - Funded 6,619, Improvement Authorizations - Unfunded 2,363, Capital Improvement Fund 37, Down Payments on Improvements Capital Surplus 65, Total 46,573, ,573, Page 14 of 111

15 CASH RECONCILIATION DECEMBER 31, 2017 Cash Less Checks Cash Book Balance On Hand On Deposit Outstanding Sewer Operating 0.00 Sewer Capital 0.00 Marina Operating 0.00 Marina Capital 0.00 Grant and Loan 641, , Current 373, ,760, , ,631, Public Assistance #1** 19, , Public Assistance #2** 0.00 Federal and State Grant Fund 573, , , Trust - Assessment 0.00 Trust - Dog License 23, , , Trust - Other 4,961, , ,804, Municipal Open Space Trust Fund 0.00 Capital - General 9,197, , ,684, Sewer Utility Operating 81, ,875, , ,987, Sewer Utility Capital 3,221, , ,218, Sewer Utility Assessment Trust 0.00 Marina Utility Operating 4, , , Marina Utility Capital 288, , Marina Utility Assessment Trust 0.00 Total 458, ,783, ,168, ,073, * - 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: Charles Fallon Title: Register Municipal Accountant Page 15 of 111

16 CASH RECONCILIATION DECEMBER 31, 2017 (CONT'D) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Bank Amount Two River # ,760, Two River # ,197, Two River # , Two River # , Two River # , Two River # ,875, Two River # ,221, Two River # , Two River # , Two River # , Two River # , Two River # , Two River # , Two River # , Two River # , Two River # , Two River # , Two River # Two River # , Two River # , Two River # , Two River # , Two River # ,614, Two River # , Two River # , Two River # , Two River # , Total 35,783, Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Page 16 of 111

17 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Grant Balance Jan. 1, Budget Balance Dec. 31, Other Grant Receivable Received Canceled Other Revenue Realized 2017 Description Senior citizens - Title III (Older 25, , , , Americans Act) Recycling Tonnage Grant 31, , , Federal Emergency Management 12, , , , , Assistance Municipal Alliance on Alcoholism and 43, , , , Drug Abuse - State Alcohol Education Rehabilitation 4, , Drive Sober or Get Pullet Over 5, , Drunk Driving Enforcement Fund 12, , Transfer from Grants Unappropriated Hazardous Discharge Site Remediation - 49, , , Childnese Property Hazardous Mitigation Grant Program- Energy Allocation Initiative 85, , Cops in Shops - Summer Shore Initiative 6, , , Bulletproof Vest Partnership Grant 1, , Bulletproof Vest Partnership Grant 4, , Bulletproof Vest Partnership Grant 9, , Clean Communities Program 66, , NJDEP Municipal Public Access Planning 15, , Interfaith Neighbors Senior Meal Program 22, , NJDEP Municipal Public Access Planning 15, , Post Sandy Planning Grant - Community 35, , Facilities Plan Post Sandy Planning Grant - Strategic Report 30, , , Page 17 of 111

18 Grant Balance Jan. 1, Budget Balance Dec. 31, Received Canceled Other Revenue Realized 2017 Post Sandy Planning Grant - Land 50, , , Development Ordinance Sandy/Environ Resources Inventory 20, , Sandy/Commun Resiliency North Island 45, , , Sandy/Parks, Rec, Opern Space Master 25, , Plan Sandy/Comm Resiliency SRH 45, , , Sandy/Ord to Reduce Flood Risk 14, , Edward Byrne Memorial Justiced 54, , , Assistance Grant Highway Safety 2015 Pedestrian Safety 1, , Grant Highway Safety 2016 Pedestrian Safety 1, , Grant Highway Safety 2017 Pedestrian Safety 5, , , Grant Highway Safety 2018 Pedestrian Safety 6, , Grant NJDOT Youth Corps - Urban Gateway 5, , Program NJDL&PS 2016 Click or Ticket Seat Belt 5, , Mobilization 2017 Distracted Driving Crackdown 5, , Grant 2017 Body Armor Replacement Fund 6, , US EPA - Brownfields Petroleum 154, , , Assessment US EPA - Brownfields Hazardous 190, , , Assessment Monmouth County Workforce 33, , Investment Board Youth Initiative HMEP Training Grant 26, , , , , Other Grant Receivable Description Page 18 of 111

19 Grant Balance Jan. 1, Budget Balance Dec. 31, Received Canceled Other Revenue Realized 2017 NJ Green Communities 3, , Statewide Insurance Fund - Safety Grant 15, , , , SCHLIP Program (Code Enforcement) 7, , , , Total 1,011, , , , , Other Grant Receivable Description Page 19 of 111

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31 Other Grant Receivable Grant Expended Cancelled Other 2017 Appropriation By 2017 Description Budget 40A:4-87 Senior Citizens - Title III 213, , Recycling Tonnage Grant 148, , , , , Transfer from Reserve for Encumbrances Neighborhood Preservation Progam 11, , Balanced Housing Federal Emergency Management Assistance - Federal 8, , , , Transfer from Reserve for Encumbrances Federal Emergency Management Assistance - Match 13, , , , , Transfer from Reserve for Encumbrances DEDR - Municipal Drug and Alcohol Alliance - State 14, , , , , Transfer from Reserve for Encumbrances DEDR - Municipal Drug and Alcohol Alliance - Local 3, , , , , Transfer from Reserve for Encumbrances Drunk Driving Enforcement Grant 1, , , , Alcohol Education and Rehabilitation 26, , , Drive Sober or Get Pulled Over 5, , Distracted Driving Crackdown Grant 5, , Hazardous Discharge Site 3, , Remediation - Tides Motel Hazardous Discharge Site Remediation - Sewall 9, , Hazardous Discharge Site Remediation - Childnese Property 47, , , , Transfer from Reserve for Encumbrances Page 20 of 111

21 Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31 Other Grant Receivable Grant Expended Cancelled Other 2017 Appropriation By 2017 Description Budget 40A:4-87 Hazardous Discharge Site Remediation - Childenese Match 13, , Hazardous Discharge Site Remediation - Welsh Farms 46, , Transfer from Reserve fro Encumbrances Hazardous Discharge Site Remediation - Shark River Municipal Marina 1, , , , Transfer from Reserve for Encumbrances Cops In Shops - Summer Shore Initiative 6, , , National Parks and Recreation , , Achieve Clean Communities 123, , , , , Transfer from Reserve for Encumbrances Body Armor Replacement Fund - N.J. 10, , , , , Transfer from Reserve for Encumbrances Monmouth County Workforce Investment Board Youth Initiative 32, , Interfaith Neighbors Senior Meal 8, , , , Program NJSP HMEP Training Grant 2, , , , USDOJ _-JAG Law Enforcement Equipment Grant 5, , Transfer from Reserve for Encumbrances Post Sandy Planning Assistance Grant 15, , Post Sandy Planning Assistance Grant - Community Facilities Plan Transfer from Reserve for Encumbrances Post Sandy Planning Assistance Grant - Strategic Report 3, , Transfer from Reserve for Encumbrances Page 21 of 111

22 Grant Post Sandy Planning Assistance Grant - Land Development Ordinance Balance Jan. 1, 2017 Transferred from 2017 Budget Appropriations Appropriation By Budget 40A:4-87 Expended Cancelled Other Balance Dec Other Grant Receivable Description 20, , Transfer from Reserve for Encumbrances Sandy/Environ Resources Inventory , , Transfer from Reserve for Encumbrances Sandy/Commun Resiliency North Island , , Transfer from Reserve for Encumbrance Sandy/Parks, Rec, Opern Space Master Plan , , Transfer from Reserve for Encumbrances Sandy/Ord to Reduce Flood Risk , , Transfer from Reserve for Encumbrances NJDL&PS 2016 Click it or Ticket Seat Belt Mobilization 5, , Edward Byrne Memorial Justice Assistance Grant , , Transfer from Reserve for Encumbrances Highway Safety 2015 Pedestrin Safety Grant Highway Safety 2017 Pedestrin Safety Grant 4, , Highway Safety 2018 Pedestrin Safety Grant 6, , , NJDOT Youth Corps - Urban Gateway Program 5, , Bulletproof Vest Partnership Grant Transfer from Reserve for Encumbrances 2016 Bulletproof Vest Partnership Grant 3, , , Transfer from Reserve for Encumbrances 2017 Bulletproof Vest Partnership Grant 9, , Page 22 of 111

23 Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31 Other Grant Receivable Grant Expended Cancelled Other 2017 Appropriation By 2017 Description Budget 40A:4-87 US EPA - Brownfields Petroleum Assessment 1, , , , Transfer from Reserve for Encumbrances US EPA - Brownfields Hazardous Assessment 1, , , , Transfer from Reserve for Encumbrances Statewide Insurance Fund Grant 15, , , SCHLIP Program (Code Enforcement) S&W 19, , , , Sandy/Commun Resiliency SRH , , Transfer from Reserve for Encumbrances Total 548, , , ,336, , , Page 23 of 111

24 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31, Other Grant Receivable Grant Receipts Grants Receivable Other 2017 Appropriation By 2017 Description Budget 40A:4-87 Drunk Driving Enforcement Fund 12, , , , Applied to Grants Receivable Recycling Tonnage Grant 39, , Total 12, , , , Page 24 of 111

25 LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable # ,100, School Tax Deferred (Not in excess of 50% of Levy ) ,265, Prepaid Beginning Balance Levy School Year July 1, June 30, ,491, Levy Calendar Year 2017 Paid 37,123, Balance December 31, 2017 School Tax Payable # ,467, School Tax Deferred (Not in excess of 50% of Levy ) ,265, Prepaid Ending Balance Total 55,857, ,857, Amount Deferred at during year * Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local schools # Must include unpaid requisitions MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy Added and Omitted Levy Interest Earned Expenditures Balance December 31, Total Page 25 of 111

26 REGIONAL SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable School Tax Deferred (Not in excess of 50% of Levy ) Prepaid Beginning Balance Levy School Year July 1, June 30, 2018 Levy Calendar Year 2017 Paid Balance December 31, 2017 School Tax Payable School Tax Deferred (Not in excess of 50% of Levy ) Prepaid Ending Balance Total Amount Deferred at during Year # Must include unpaid requisitions REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable School Tax Deferred (Not in excess of 50% of Levy ) Prepaid Beginning Balance Levy School Year July 1, June 30, 2018 Levy Calendar Year 2017 Paid Balance December 31, 2017 School Tax Payable School Tax Deferred (Not in excess of 50% of Levy ) Prepaid Ending Balance Total Amount Deferred at during year # Must include unpaid requisitions Page 26 of 111

27 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2017 County Taxes Due County for Added and Omitted Taxes , Levy General County ,705, County Library County Health 195, County Open Space Preservation 570, Due County for Added and Omitted Taxes , Paid 10,539, Balance December 31, 2017 County Taxes 0.00 Due County for Added and Omitted Taxes 62, Total 10,601, ,601, Paid for Regular County Levies 10,471, Paid for Added and Omitted Taxes 67, SPECIAL DISTRICT TAXES Debit Credit Balance January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Neptune Fire District #! 2,882, Neptune Fire District #2 730, Total 2017 Levy ,612, Paid ,612, Balance December 31, Total 3,612, ,612, Footnote: Please state the number of districts in each instance Page 27 of 111

28 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Balance Jan 1, CY (Credit) 11, State Library Aid Received in CY (Credit) 12, Expended (Debit) 11, Balance December 31, , Total 23, , RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, Total RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A 40:54-35) Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, Total RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, Total Page 28 of 111

29 STATEMENT OF GENERAL BUDGET REVENUES 2017 Source Budget -01 Realized -02 Excess or Deficit -03 Surplus Anticipated ,205, ,205, Surplus Anticipated with Prior Written Consent of Director of Local Government Adopted Budget 10,649, ,550, , Added by NJS40A: , , Total Miscellaneous Revenue Anticipated ,761, ,662, , Receipts from Delinquent Taxes ,021, ,027, , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,488, (b) Addition to Local District School Tax (c) Minimum Library Tax ,253, County Only: Total Raised by Taxation Total Amount to be Raised by Taxation ,742, ,042, ,300, Total 43,730, ,938, ,208, ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash ,560, Amount to be Raised by Taxation Local District School Tax ,491, Regional School Tax Regional High School Tax County Taxes ,471, Due County for Added and Omitted Taxes , Special District Taxes ,612, Municipal Open Space Tax Reserve for Uncollected Taxes ,120, Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) ,042, *Excess Non-Budget Revenue (see footnote) *Deficit Non-Budget Revenue (see footnote) Total 82,680, ,680, * 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. Page 29 of 111

30 STATEMENT OF GENERAL BUDGET REVENUES 2017 MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87 Source Budget Realized Excess of Deficit Clean Communities Program 66, , Alcohol Education Rehabilitation 4, , Click it or Ticket Seatbelt 5, , Mobilization 2017 Drive Sober or Get Pulled Over 5, , Body Armor Replacement Fund 6, , Bulletproof Vest Partnership Grant 9, , Pedestrian Safety 6, , Education/Enforcement Cops in Shops - Summer Shore Initiative 4, , Cops in Shops - College Fall Initiative 3, , , , I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable. CFO Signature Michael J. Bascom Page 30 of 111

31 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,618, Budget - Added by N.J.S. 40A: , Appropriated for 2017 (Budget Statement Item 9) ,730, Appropriated for 2017 Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement ,730, Item 9) Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,730, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,242, Paid or Charged - Reserve for Uncollected Taxes ,120, Reserved ,363, Total Expenditures ,726, Unexpended Balances Cancelled (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) 2017 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 Page 31 of 111

32 RESULTS OF 2017 OPERATION CURRENT FUND Debit Credit Accounts Payable Cancelled 11, Other Miscellanceous 1, Unexpended Balances of CY Budget Appropriations 3, Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated Excess of Anticipated Revenues: Delinquent Tax 6, Collections Excess of Anticipated Revenues: Required Collection of 1,300, Current Taxes Miscellaneous Revenue Not Anticipated 616, Sale of Municipal Assets (Credit) Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property Unexpended Balances of PY Appropriation Reserves (Credit) Deferred School Tax Revenue: Balance January 1, CY 17,265, Prior Years Interfunds Returned in CY (Credit) Deferred School Tax Revenue: Balance December 31, CY Cancelation of Reserves for Federal and State Grants (Credit) Deficit in Anticipated Revenues: Miscellaneous 98, Revenues Anticipated Statutory Excess in Reserve for Dog Fund Expenditures (Credit) Deficit in Anticipated Revenues: Delinquent Tax Collections Interfund Advances Originating in CY (Debit) Deficit in Anticipated Revenues: Required Collection of Current Taxes Cancellation of Federal and State Grants Receivable (Debit) 46, , ,265, , Senior Citizen Deductions Disallowed - Prior Year 8, Taxes (Debit) Refund of Prior Year Revenue (Debit) 41, Surplus Balance 2,414, Deficit Balance 19,875, ,875, Page 32 of 111

33 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Tires 2, Recyling 14, DPW Freon 4, Copies Planning Board 31, Employee Cell Phone Reimbursement Sale of Maps 9.00 Workers Compensation 6, Board of Adjustment - Variances 9, Found Monies - Police ID Cards Police Returned Checks Other Unanticipated 7, Sale of Trash Cans 5, Federal Disaster Assistance 12, DMV Inspection Fees 6, ATM Revenue Insurance Dividends Attorney Fees 3, Duplicate Bills HPC Application Fee 2, Senior and Veteran Administrative Fee 4, Green Recycling Cans 3, Vacant Property Registration Fee 48, Neptune City - Brush Pickup 23, Abating Costs 28, Payments in Lieu of Taxes on Real Property 252, Auction of Township Property 108, Vending Revenue Revocable License Agreement Other 4, Reimbursement from FBI - Township Employee Work 1, Tax Sale Premiums Over 5 Years 23, CBS Sign Rental Lease 2, WIFI Equipment Rental Rebate 1, Homestead Admistrative Fee 1, Total Amount of Miscellaneous Revenues Not Anticipated 616, Page 33 of 111

34 SURPLUS CURRENT FUND YEAR 2017 Debit Credit Miscellaneous Revenue Not Anticipated: Payments in Lieu of Taxes on Real Property (Credit) Excess Resulting from CY Operations 2,414, Amount Appropriated in the CY Budget - Cash 2,205, Balance January 1, CY (Credit) 2,769, Amount Appropriated in the CY Budget - with Prior Written Consent of Director of Local Government Services Surplus Balance - To Surplus Balance December 31, ,977, ,183, ,183, ANALYSIS OF BALANCE DECEMBER 31, 2017 (FROM CURRENT FUND TRIAL BALANCE) Cash 8,631, Investments Investment in General Capital Notes 1,750, Sub-Total 10,381, Deduct Cash Liabilities Marked with C ,422, on Trial Balance Cash Surplus ,958, Deficit in Cash Surplus Other Assets Pledged to Surplus Due from State of N.J. Senior Citizens , and Veterans Deduction Deferred Charges # , Cash Deficit Total Other Assets , ,176, Page 34 of 111

35 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2017 LEVY 1. Amount of Levy as per Duplicate (Analysis) # ,737, (Abstract of Ratables) Amount of Levy Special District Taxes ,621, Amount Levied for Omitted Taxes under N.J.S.A. 54: et. seq. 4. Amount Levied for Added Taxes under , N.J.S.A. 54: et. seq. 5a. Subtotal 2017 Levy 81,838, b. Reductions due to tax appeals ** 5c. Total 2017 Tax Levy ,838, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2017 * ,523, Homestead Benefit Revenue , State's Share of 2017 Senior Citizens and Veterans Deductions Allowed , Total to Line ,560, Total Credits 80,598, Amount Outstanding December 31, Percentage of Cash Collections to Total 2017 Levy, (Item 10 divided by Item 5c) is ,239, Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale? No 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 80,560, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash 80,560, Note A: In showing the above percentage the following should be noted: Where Item 5 shows $81,838,221.55, and Item 10 shows $80,560,191.87, the percentage represented by the cash collections would be $80,560, / $81,838, or The correct percentage to be shown as Item 13 is %. # 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 2017 collections. ** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41) Page 35 of 111

36 ACCELERATED TAX SALE/TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2017 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 LESS: Proceeds from Accelerated Tax Sale NET Cash Collected Line 5c Total 2017 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 LESS: Proceeds from Tax Levy Sale (excluding premium) NET Cash Collected Line 5c Total 2017 Tax Levy Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is Page 36 of 111

37 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit Balance Jan 1, CY: Due From State of New Jersey 11, (Debit) Balance Jan 1, CY: Due To State of New Jersey (Credit) Sr. Citizens Deductions Per Tax Billings (Debit) 51, Veterans Deductions Per Tax Billings (Debit) 173, Sr. Citizen & Veterans Deductions Allowed by 6, Collector (Debit) Sr Citizens Deductions Allowed By Tax Collector Prior Years (Debit) Sr. Citizen & Veterans Deductions Disallowed by 2, Collector (Credit) Sr. Citizens Deductions Disallowed By Tax Collector 8, PY Taxes (Credit) Received in Cash from State (Credit) 214, Balance December 31, , , , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 51, Line 3 173, Line 4 6, Sub-Total 231, Less: Line 7 2, To Item , Page 37 of 111

38 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:3-27) Balance January 1, 2017 Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2017 Taxes Collected which are Pending State Appeal Interest Earned on Taxes Pending State Appeals Budget Appropriation Cash Paid to Appellants (Including 5% Interest from Date of Payment Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Debit Credit Balance December 31, Taxes Pending Appeals* 0.00 Interest Earned on Taxes Pending Appeals 0.00 *Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2017 Michael Bascom Signature of Tax Collector /25/2018 License # Date Page 38 of 111

39 1. Total General Appropriations for 2018 Municipal Budget Item 8 (L) (Exclusive of Reserve for Uncollected Taxes Statement COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2018 MUNICIPAL BUDGET Year 2018 Year ,307, Local District School Tax - Actual ,491, Estimate ,626, Regional School District Tax - Actual Estimate Regional High School Tax School Budget Actual Estimate County Tax Actual ,534, Estimate ,000, Special District Taxes Actual ,612, Estimate ,000, Municipal Open Space Tax Actual Estimate Total General Appropriations & Other Taxes ,933, Less: Total Anticipated Revenues from 2018 in ,518, Municipal Budget (Item 5) 10. Cash Required from 2018 Taxes to Support Local Municipal Budget and Other Taxes ,415, Amount of item 10 Divided by 97.40% [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) ,615, Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) 38,626, Regional School District Tax (Amount Shown on Line 3 Above) 0.00 Regional High School Tax (Amount Shown on Line 4 Above) 0.00 County Tax (Amount Shown on Line 5 Above) 11,000, Special District Tax (Amount Shown on Line 6 Above) 4,000, Municipal Open Space Tax * Must not be stated in an amount less than "actual" Tax of year2017. ** May not be stated in an amount less than proposed budget submitted by the Local Board of Education to the Commissioner of Education on January 15, 2018 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation. (Amount Shown on Line 7 Above) 0.00 Tax in Local Municipal Budget 30,988, Total Amount (see Line 11) 53,626, Appropriation: Reserve for ,200, Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations 42,307, Item 12 - Appropriation: Reserve for Uncollected Taxes 44,507, Amount to be Raised by Taxation in Municipal Budget ,988, Page 39 of 111