ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2010 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2010 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2010 MUNICODE 5, ,391, FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2011 MUNICIPALITIES - FEBRUARY 10, 2011 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNO- TATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICA- TION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. TOWNSHIP of LEBANON County of HUNTERDON 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 Auditor (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, Gregory J. Della Pia, am the Chief Financial Officer, License # 220, of the Township of Lebanon, County of Hunterdon 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, 2010, 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, Signature Title CMFO Address 530 West Hill Road, Glen Gardner, NJ Phone Number Fax Number 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 STATE- MENT 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 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 Lebanon as of December 31, 2010 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 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 2010 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: (Registered Municipal Accountant) Anthony Ardito, CPA, RMA ARDITO & CO., LLP (Firm Name) 1110 Harrison Street, Suite C (Address) Certified by me this 31st day of January, 2011 Frenchtown, New Jersey (Address) (Phone Number) (Fax Number) Sheet 1a

3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has complied with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2010 as required under N.J.A.C. 5: Printed name: N/A Signature: Certificate #: Date: Sheet 1b

4 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. 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 "CAP" waiver per N.J.S.A. 40A:4-45.3ee 10. The municipality will not apply for Extraordinary 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: Signature: Certificate #: Date: CERTIFICATION OF QUALIFYING MUNICIPALITY CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet item(s) # Local Group #1 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: Lebanon Township Gregory Della Pia Signature: Certificate #: 220 Date: Sheet 1c

5 Fed.I.D.# Lebanon Township Municipality Hunterdon County Report of Federal and State Financial Assistance Expenditure of Awards Fiscal Year Ending: 12/31/10 (1) (2) (3) Federal programs State Other Federal Expended Programs Programs (administered by Expended Expended the State) TOTAL 75, Type of Audit required by OMB A-133 and OMB 04-04: 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 OMB A-133 (Revised 6/27/03) and OMB The single audit threshold has been increased to $500,000 beginning with Fiscal Year ending after 12/31/03. Expenditures are defined in Section 205 of OMB A-133. (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 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 government. Signature of Chief Financial Officer Date Sheet 1d

6 IMPORTANT! READ INSTRUCTIONS INSTRUCTION The following certification is to be used ONLY in the event there is NO municipally 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 Lebanon, County of Hunterdon during the year 2010 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities. Name Title Auditor (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, 2010 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2011 and filed with the County Board of Taxation on January 10, 2011 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $. SIGNATURE OF TAX ASSESSOR Lebanon Township MUNICIPALITY Hunterdon COUNTY Sheet 2

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT DECEMBER 31, 2010 Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C"--Taxes Receivable Must be Subtotaled Title of Account Debit Credit Cash 8,258, Due State of New Jersey-Senior Citizens/Veterans Deduction 3, Delinquent Property Taxes Receivables 408, Tax Title Liens Receivable 91, Property Acquired for Taxes 94, Due Grants Fund 65, Due Dog Fund Deferred School Tax 3,683, Special Emergency Authorization 2, Reserve for Encumbrances 39, Appropriation Reserves 93, Due Other Trust Fund 13, Due Other Trust - Tax Sale Premiums 19, Due Municipal Open Space Trust Fund 34, Due General Capital Fund 2,998, Prepaid Taxes 124, Local District School Tax Payable 2,782, Due County for Added Taxes 14, Regional High School Tax Payable 1,470, Reserve for Codification of Ordinances 5, Reserve for Garden State Trust 15, ,611, C Reserve for Receivables 659, Reserve for Deferred School Tax 3,683, Fund Balance - 653, ,608, ,608, (Do not crowd - add additional sheets) Sheet 3

8 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2010 Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C"--Taxes Receivable Must be Subtotaled Title of Account Debit Credit Taxes Receivable - Year , Penalties and Interest 7, , (Do not crowd - add additional sheets) Sheet 3a

9 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - SUMMARY CURRENT FUND AND STATE AND FEDERAL GRANTS AS AT DECEMBER 31, 2010 Title of Account Debit Credit Cash ,266, Taxes Receivable , Tax Title Liens , Foreclosed Property , Other Receivables , State and Federal Grants Receivable , Emergencies and Deferred Charges , Total Assets ,011, Cash Liabilities ,698, Reserve for Receivables , Fund Balance , Total Liabilities, Reserves and Fund Balance ,011, Sheet 3b

10 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2010 Title of Account Debit Credit N/A (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

11 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2010 Title of Account Debit Credit Cash 7, State Grants Receivable 113, Deferred Charge - Overexpended Appropriations 31, Due from Current Fund 65, Reserve for Grants - Unappropriated Reserve for Grants - Appropriated 86, , , (Do not crowd - add additional sheets) Sheet 5

12 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2010 Title of Account Debit Credit DOG LICENSE FUND Cash Due Current Fund Reserve for Dog Fund Expenditures OTHER TRUST FUND Cash 1,358, Due From Current Fund 13, Due From Current Fund - Open space 34, Due From Current Fund - Tax Sale Premiums 19, Due from General Capital Fund-Open space 584, Due from General Capital Fund-Fair Share Housing 5, Reserve for Tax Sale Premiums 19, Reserve for Fair Share Housing 145, Reserve for Voorhees Municipal Alliance 7, Reserve for Library Fund 14, Reserve for Recreation Trust 11, Reserve for Driveway Bonds 9, Reserve for Off Track Improvements 61, Reserve for Museum Donations 10, Reserve for State Unemployment 79, Reserve for Developer's Escrow 68, Reserve for McCrone Services 5.14 Reserve for Municipal Open Space 1,424, Reserve for Emergency Snow Removal 1, Reserve for Accumulated Absences 78, Reserve for Developer's Escrow - 83, ,016, ,016, (Do not crowd - add additional sheets) Sheet 6

13 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2009: (1) NONE x 25% (2) NONE Municipal Public Defender Trust Cash Balance December 31, 2010: (3) NONE 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, NJ 08625). Amount in excess of the amount expended: 3 - (1 + 2)= NONE The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C.256. Chief Financial Officer: Greg Della Pia Signature: Certificate #: 220 Date: Sheet 6a

14 Schedule of Trust Fund Deposits and Reserves Purpose Amount Dec. 31,2009 per Audit Report Receipts Disbursements Balance as at Dec. 31, Reserve for Fair Share Housing 136, , , , Reserve for Voorhees Municipal Alliance 17, , , , Reserve for Library Fund 13, , , Reserve for Recreation Trust 11, , Reserve for Driveway Bonds 8, , Reserve for Off Track Improvements 70, , , Reserve for Museum Donations 9, , , Reserve for State Unemployment 79, , Reserve for Developer's Escrow 89, , , , Reserve for McCrone Services Reserve for Municipal Open Space 1,194, , , ,424, Reserve for Emergency Snow Removal 1, , Reserve for Accumulated Absences 78, , Reserve for Developer's Escrow 64, , , , Reserve for Tax Sale Premiums 19, , Totals: $ 1,774, $ 539, $ 297, $ 2,016, Sheet 6b

15 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments are Pledged Audit Balance Dec.31, 2009 Assessments and Liens RECEIPTS Current Budget Disbursements Balance Dec.31, 2010 Assessment Serial Bond Issues: xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx Assessment Bond Anticipation Note Issues: xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx Sheet 7 Other Liabilities Trust Surplus *Less Assets "Unfinanced" xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx xxxxxxxx *Show as red figure

16 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2010 Title of Account Debit Credit Est.Proceeds Bonds and Notes Authorized 5,240, XXXXXXXX Bonds and Notes Authorized But Not Issued XXXXXXXX 5,240, Cash 137, Due Other Trust - Municipal Open Space 584, Deferred Charges to Future Taxation - Funded 798, Deferred Charges to Future Taxation - Unfunded 9,676, Due Other Trust 5, Due Current Fund 2,998, State of New Jersey Trust Loan Program 798, Bond Anticipation Notes 4,436, Capital Improvement Fund 144, Reserve for Fire Truck and Ambulance 17, Improvement Authorization - Funded 41, Improvement Authorization - Unfunded 7,582, ,611, ,611, (Do not crowd - add additional sheets) Sheet 8

17 CASH RECONCILIATION DECEMBER 31, 2010 *On Hand Cash On Deposit Less Checks Outstanding Cash Book Balance Current 516, ,821, , ,258, Trust - Assessment Trust - Dog License Trust - Other 1,789, , ,358, Capital - General 137, , Water - Operating Water - Capital Utility- Assessment Trust Public Assistance ** Garbage District Grant Fund 7, , Total 516, ,756, , ,763, *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 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: Auditor Sheet 9

18 CASH RECONCILIATION DECEMBER 31, 2010 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" PNC Bank Treasurer Account # ,399, Current Account # , Payroll Account # , Open Space Trust # , J. E. Kunzler Trust Account # Pine Stone Ridge Trust # , Engineering Fees Trust # , Construction Escrow # , McCrone Services Trust # Peapack-Gladstone Bank Inspection Escrow Account # , TD Bank, Cherry Hill, NJ Treasurer Account # ,366, Drunk Driving Enforce Account # , Dog License Account # General Capital Account # , Open Space Trust # ,175, Driveway Bonds Trust # , Museum Donation Trust # , Off-Tract Improvements Trust # , Recreation Trust # , Library Fund # , Fair Share Housing Trust # , State Unemployment Trust # , Voorhees Municipal Alliance # , Recreation Trust #2 # Snow Emergency # , Accumulated Absence Fund # , Escrow Account # , Citi Fund New Jersey Cash Management Trust Cash Management Fund - Current # , Total 9,756, Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

19 Grant MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance Jan. 1, Budget Revenue Realized Received Cancelled Balance Dec. 31, 2010 NJ DOT - Penwell Road 22, , Neighborhood Preservation-Balanced Housing 5, , Clean Communities 19, , Storm Water Grant 2, , NJDOT - Dutch Hill Road 31, , Sheet 10 NJ Highlands Initial Assesment 20, , Highlands Water Protection 50, , , NJDOT - Hollow Road 120, , , Body Armor 1, , Totals 251, , , ,852.55

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2010 Transferred from 2010 Budget Appropriations Budget Appropriation By 40A:4-87 Expended Cancelled Balance Dec. 31, 2010 Clean Communities Program 13, , , , Clean Communities Program-Excess PY 4, , Drunk Driving Enforcement Fund 1, , , Recycling Tonnage Grant 1, Recycling Tonnage Grant Recycling Tonnage Grant 2, , , , NJ DOT-Penwell Road 27, , Sheet 11 Body Armor , Neighborhood Preservation- Balanced Housing Livable Community Grant Storm Water Grant - CY 05 5, , Storm Water Grant - CY 06 5, , Storm Water Grant - CY 07/08 10, , Tree Grant 1, , Sub-Total 69, , , , ,273.42

21 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2010 Transferred from 2010 Budget Appropriations Budget Appropriation By 40A:4-87 Expended Transfer to Deferred Charge Balance Dec. 31, 2010 Click it or Ticket 4, , Highlands Water Protection Grant 8, , , NJ DOT- Hollow Road NJ Highlands - Initial Assessment 19, , , Sheet 11a Totals 101, , , , , ,377.62

22 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2010 Transferred from 2010 Budget Appropriations Budget Appropriation By 40A:4-87 Received Cancelled Balance Dec. 31, 2010 Clean Communities 4, , Sheet 12 Drunk Driving Enforcement 1, , Recycling Tonnage Grant 2, , Body Armor Totals 8, ,

23 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2010 School Tax Payable # ,822, School Tax Deferred (Not in excess of 50% of Levy ) ,521, Levy School Year July 1, 2010-June 30, ,606, Levy Calendar Year 2010 Paid 10,646, Balance December 31, 2010 School Tax Payable # ,782, School Tax Deferred (Not in excess of 50% of Levy ) ,521, *Not including Type I school debt service,emergency authorizatons-schools, transfer to 15,949, ,949, Board of Education for use of local schools. #Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy , Added Levy Expended 193, Balance December 31, , , , Sheet 13

24 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2010 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2010-June 30, 2011 Levy Calendar Year 2010 Paid Balance December 31, 2010 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, 2010 School Tax Payable # ,550, School Tax Deferred (Not in excess of 50% of Levy ) ,162, Levy School Year July 1, 2010-June 30, ,265, Levy Calendar Year 2010 Paid 5,346, Balance December 31, 2010 School Tax Payable # ,470, School Tax Deferred (Not in excess of 50% of Levy ) ,162, # Must include unpaid requisitions 7,978, ,978, Sheet 14

25 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2010 County Taxes Due County for Added and Omitted Taxes , Levy: General County ,983, County Library , County Health County Open Space Preservation 310, Due County for Added and Omitted Taxes , Paid 3,564, Balance December 31, 2010 County Taxes Due County for Added and Omitted Taxes 14, ,579, ,579, SPECIAL DISTRICT TAXES Debit Credit Balance January 1, Levy:(List Each Type of District Tax Separately-See Footnote) Fire Sewer Water Garbage Total 2010 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance. Sheet 15

26 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. 40:54-35) 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

27 STATEMENT OF GENERAL BUDGET REVENUES 2010 Source Budget Realized Excess or Deficit * Surplus Anticipated ,006, ,006, Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: x x Adopted Budget 2,834, ,843, , Added by N.J.S. 40A:4-87:(List on 17a) x x x 1, , Total Miscellaneous Revenue Anticipated ,835, ,844, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: x x x (a) Local Tax for Municipal Purposes , x x (b) Addition to Local District School Tax x Total Amount to be Raised by Taxation , , , ,645, ,907, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash(Total of Item 10 or 14 on Sheet 22) x 19,813, Amount to be Raised by Taxation x x Local District School Tax ,606, Regional School Tax x Regional High School Tax ,265, x County Taxes ,546, x Due County for Added and Omitted Taxes , x Special District Taxes x Municipal Open Space Tax , x Reserve for Uncollected Taxes x 498, Deficit in Required Collection of Current Taxes (or) x Balance for Support of Municipal Budget (or) , x *Excess Non-Budget Revenue (see footnote) x *Deficit Non-Budget Revenue (see footnote) x *These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" 20,311, ,311, column of the statement at the tope of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only. Sheet 17

28 STATEMENT OF GENERAL BUDGET REVENUES 2010 (Continued) Miscellaneous Revenues Anticipated: Added by N.J.S.40A:4-87 Source Budget Realized Excess or Deficit Body Armor 1, , Total (Sheet 17) 1, , Sheet 17a

29 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,644, Budget - Added by N.J.S. 40A: , Appropriated for 2010 (Budget Statement Item 9) ,645, Appropriated for 2010 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,645, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,645, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,051, Paid or Charged - Reserve for Uncollected Taxes , Reserved , Total Expenditures ,642, Unexpended Balances Canceled (see footnote) , FOOTNOTES - RE: OVEREXPENDITURES Every appropriation overexpended in the budget document must be marked with an * and must agree with 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 2010 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 (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) Sheet 18

30 RESULTS OF 2010 OPERATION CURRENT FUND Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2010 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 2009 Appropriation Reserves , Prior Years Interfunds Returned in , Tax Overpayment Cancelled Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) Balance January 1, ,683, Balance December 31, ,683, Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Delinquent Tax Collections Required Collection of Current Taxes Interfund Advances Originating in Refund Prior Year Revenue 4, Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) , ,323, ,323, Sheet 19

31 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Treasurer: PERMITS 6, ELECTIONS CERT LISTS BOOKS COPIES/MAPS POLICE 1, POLICE MOONLIGHT 12, MARRIAGE LIC NEWSLETTER PROCEEDS 2, PLANNING BD 7, ZONNING 7, BD OF HEALTH 1, RETAIL FOOD 4, WEBER MISC 22, MISC COLLECTOR 9, BUDGET RFD 18, CABLE TV 17, HAG/PARK 15, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $ 132, Sheet 20

32 SURPLUS - CURRENT FUND YEAR 2010 Debit Credit 1. Balance January 1, ,024, Excess Resulting from 2010 Operations , Amount Appropriated in the 2010 Budget - Cash ,006, Amount Appropriated in 2010 Budget-with Prior Written Consent of Director of Local Government Services Balance December 31, , ,659, ,659, ANALYSIS OF BALANCE DECEMBER 31, 2010 (FROM CURRENT FUND - TRIAL BALANCE) Cash ,258, Investments Sub Total 8,258, Deduct Cash Liabilities Marked with "C" on Trial Balance ,611, Cash Surplus , Deficit in Cash Surplus ( ) Other Assets Pledged to Surplus:* (1) Due from State of N.J.Senior Citizens and Veteran Deductions , Deferred Charges # , Cash Deficit # Total Other Assets , , *IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS" WOULD ALSO BE PLEDGED TO CASH LIABILITIES. #MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2011 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. 40A: (Roads and Bridges, etc.) and N.J.S.40A: (Public Exigencies, etc.) to the extent of emergency notes issu and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21

33 1. Amount of Levy as per Duplicate (Analysis) # $ 19,953, or (Abstract of Ratables) $ - 2. Amount of Levy Special District Taxes $ 227, Amount Levided for Omitted Taxes under N.J.S.A. 54: et.seq $ 21, Amount Levied for Added Taxes under N.J.S.A. 54: et.seq $ 62, a. Subtotal 2010 Levy $ 20,264, b. Reductions due to tax appeals** $ - 5c. Total 2010 Tax Levy $ 20,264, Transferred to Tax Title Liens $ 12, Transferred to Foreclosed Property $ - 8. Remitted, Abated or Canceled $ 37, Discount Allowed $ Collected in Cash: In $ 115, In 2010* $ 19,634, State's Share of 2010 Senior Citizens and Veterans Deductions Allowed $ 63, R.E.A.P. Revenue $ - Total to Line $ 19,813, Total Credits $ 19,863, Amount Outstanding December 31, $ 400, Percentage of Cash Collections to Total 2010 Levy, 13. (Item 10 divided by Item 5c) is 97.77% Calculation of Current Taxes Realized in Cash: Total of Line 10 $ 19,813, Less: Reserve for Tax appeals Pending (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a. State Division of Tax Appeals $ - To Current Taxes Realized in Cash (Sheet 17) $ 19,813, Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item 10 shows 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 2010 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. Sheet 22

34 ACCELERATED TAX SALE/TAX LEVY SALE - CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2010 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 2010 Tax Levy $ - Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is 0.00% (2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22) $ - Less: Proceeds from Accelerated Tax Sale (excluding premium) $ - Net Cash Collected $ - Line 5c (sheet 22) Total 2010 Tax Levy $ - Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is 0.00% Sheet 22a

35 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2010 xxxxxxxxxx xxxxxxxxxx Due From State of New Jersey 3, xxxxxxxxxx Due To State of New Jersey xxxxxxxxxx 2. Sr. Citizens Deductions Per Tax Billings 8, xxxxxxxxxx 3. Veterans Deductions Per Tax Billings 54, xxxxxxxxxx 4. Sr. Citizens Deductions Allowed By Tax Collector xxxxxxxxxx Sr. Citizens Deductions Disallowed By Tax Collector xxxxxxxxxx 8. Sr. Citizens Deductions Disallowed By Tax Collector 2009 Taxes xxxxxxxxxx 9. Received in Cash from State xxxxxxxxxx 63, Balance December 31, 2010 xxxxxxxxxx xxxxxxxxxx Due From State of New Jersey xxxxxxxxxx 3, Due To State of New Jersey xxxxxxxxxx 67, , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 8, Line 3 54, Line Sub-Total 63, Less:Line To Item 10, Sheet 22 63, Sheet 23

36 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING - (N.J.S.A. 54:3-27) Debit Credit Balance January 1, 2010 Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2010 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals Cash Paid to Appelants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Balance December 31, 2010 Taxes Pending Appeals* Interest Earned on Taxes Pending Appeals *Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2010 Signature of Tax Collector License # Date Sheet 24

37 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, Itme 14A) x % of collection (Item 16) $ - C. TIMES: % of increase of Amount to be Raised by Taxes over Prior Year Raised by Taxes over Prior Year 0.00% [(2010 Estimated Total Levy Total Levy) / 2010 Total Levy] D. Reserve for Uncollected Taxes Exclusion Amount $ - [(B xc) +B] E. Net Reserve for Uncollected Taxes Appropriation in Current Budget $ - (A - D) 2010 Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. Subtotal General Appropriations (item 8(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

38 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) 6. and Tax Title Liens: A. Taxes - Transfers to Tax Title Liens , (1) B. Tax Title Liens - Transfers from Taxes (1) 1, Balance Before Cash Payments 480, Totals 485, , Balance Brought Down 480, Collected: 402, A. Taxes , B. Tax Title Liens Interest and Costs Tax Sale Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 894, , Percentage of Cash Collections to Adjust Amount Outstanding 16. (Item No.10 divided by Item No.9) is 83.62% 17. Item No.14 multiplied by percentage shown above is $ 411, 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

39 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 94, , 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 2010 ( ) Realized in 2010 Budget To Results of Operation (Sheet 19) Sheet 27

40 DEFERRED CHARGES - MANDATORY CHARGES ONLY - CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S.40A:4-55, N.J.S.40A: or N.J.S.40A: listed on Sheets 29 and 30.) Amount Dec.31,2009 Amount in Amount Balance Caused By per Audit 2010 Resulting as at Report Budget from 2010 Dec.31, Emergency Authorizations- Municipal* $ $ $ $ 2. Emergency Authorizations- Schools $ $ $ $ 3. $ $ $ $ 4. $ $ $ $ 5. $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ 8. $ $ $ $ 9. $ $ $ $ 10. $ $ $ $ *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 49A:2-3 OR N.J.S. 40A:2-51 Date Purpose Amount 1. $ 2. $ 3. $ 4. $ 5. $ JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of On Account of Date Entered Amount Year $ 2. $ 3. $ 4. $ Sheet 28

41 N.J.S. 40A:4-53 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; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Date Purpose Amount Authorized Not Less Than 1/5 of Amount Authorized* Balance Dec. 31, 2009 REDUCED IN 2010 By 2010 Budget Canceled by Resolution Balance Dec. 31, /21/05 Codification of Ordinances 11, , , , , Sheet 29 Totals 11, , , , , 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:4-53 et.seq. and are recorded on this page. *Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec.31, 2010" must be entered here and then raised in the 2011 budget Chief Financial Officer

42 N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTRUBANCES Date Purpose Amount Authorized Not Less Than 1/5 of Amount Authorized* Balance Dec. 31, 2009 REDUCED IN 2010 By 2010 Budget Canceled by Resolution Balance Dec. 31, 2010 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: et.seq. and N.J.S. 40A: et seq. and are recorded on this page. *Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec.31, 2010" must be entered here and then raised in the 2011 budget Chief Financial Officer

43 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR BONDS (COUNTY)(MUNICIPAL) GENERAL CAPITAL BONDS Debit Outstanding, January 1, Issued Credit Paid Debt Service Outstanding, December 31, Bond Maturities - General Capital Bonds Interest on Bonds * ASSESSMENT SERIAL BONDS Outstanding, January 1, Issued Paid Outstanding, December 31, Bond Maturities - Assessment Bonds Interest on Bonds * Total "Interest on Bonds - Debt Service" (*Items) $0.00 LIST OF BONDS ISSUED DURING 2010 Purpose 2011 Maturity Amount Issued Date of Issue Interest Rate Total Sheet 31

44 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR LOANS (COUNTY)(MUNICIPAL) NJ Trust Loan Program LOAN 2011 Debt Debit Credit Service Outstanding, January 1, , Issued Paid , Outstanding, December 31, , , , Loan Maturities $ 15, Interest on Loans $ 10, Total 2011 Debt Service for NJ Trust Loan Program Loan $ 25, NJ Trust Environmental Infrastucture LOAN Outstanding, January 1, , Issued Paid , Outstanding, December 31, , , , Loan Maturities $ 45, Interest on Loans Total 2011 Debt Service for NJ Trust Environ.Infrastruc. Loan $ 45, Purpose LIST OF LOANS ISSUED DURING Maturity Amount Issued Date of Issue Interest Rate Total Sheet 31a

45 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS Debit Credit 2011 Debt Service Outstanding, January 1, Paid Outstanding, December 31, Bond Maturities - Term Bonds Interest on Bonds * TYPE I SCHOOL SERIAL BOND Outstanding, January 1, 2010 Issued Paid Outstanding, December 31, Interest on Bonds * Bond Maturities - Serial Bonds Total "Interest on Bonds - Type I School Debt Service" (*Items) Purpose LIST OF BONDS ISSUED DURING Maturity -01 Amount Issued -02 Date of Issue Interest Rate Total INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding 2011 Interest Dec. 31, 2010 Requirement 1. Emergency Notes $ - $ - 2. Special Emergency Notes $ - $ - 3. Tax Anticipation Notes $ - $ - 4. Interest on Unpaid State and County Taxes $ - $ - 5. $ - $ - 6. $ - $ - Sheet 32

46 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec. 31, 2010 Date of Maturity Rate of Interest 2011 Budget Requirement For Principal For Interest ** Interest Computed to (Insert Date) 1. Fire Pumper/Dump Truck/Road Resurface/Computer/Mun. Bldg. Improvements/Breathalyzer 712, /16/05 356, /09/ % 71, , /31/11 2. Purchase of FireTruck and Ambulance 300, /16/05 150, /09/ % 30, , /31/11 3. Road Resurfacing, Library Roof, Well, Traffic Safety Sign, Trailer, Salt Spreader, Tarps, Pick-up Turck & Plow, Fire ATV 244, /14/07 214, /09/ % 30, , /31/11 Police Garage, Generator, File Cabs, IT equip, Mason Dump Truck, Road Resurfacing 329, /23/09 329, /09/ % 5, /31/11 DPW Garage Feasibility 190, /23/09 190, /09/ % 2, /31/11 Acquire Development Rights 750, /13/02 288, /04/ % 144, , /31/11 4. Acquire Development Rights 257, /28/06 192, /04/ % 32, , /31/11 5. Loader, Fuel Tanks, Windows, Police Equip. 178, /9/07 156, /04/ % 22, , /31/11 Sheet ,900, /10/10 1,900, /09/ % 18, /31/ , /10/10 659, /09/ % 6, /31/ Total 5,521, ,436, , , 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 I 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 2007 or prior require one legally payable installment to be budgeted if it is comtemplated that such notes will be renewed in 2011 or written intent of permanent financing submitted with statement. **If interest on notes is financed by ordinance, designate same, otherwide an amount must be included in this column. (Do not crowd - add additional sheets)