BOROUGH OF NORTH ARLINGTON, COUNTY OF BERGEN

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED) POPULATION LAST CENSUS: 15,392 NET VALUATION TAXABLE 2017: $1,607,848,495 MUNICODE: 0239 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 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. BOROUGH OF NORTH ARLINGTON, COUNTY OF BERGEN 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: Registered 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, which I have not prepared 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, Stephen Sanzari, am the Chief Financial Officer, License #N-0546 of the Borough of North Arlington, County of Bergen 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, Signature: Title: Chief Financial Officer Address: 214 Ridge Road, North Arlington, NJ Phone Number: (201) ext 116 Fax Number: (201) ssanzari@northarlington.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 STATE- MENT WITH THE PREPARER SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Page 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 Borough of North Arlington 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 ended 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, 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 Lerch, Vinci, and Higgins, LLP Route 208 North Fair Lawn, New Jersey Phone (201) plerch@lvhcpa.com Fax (201) Certified by me this day of, 2018 Sheet 1a

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 muncipality 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 North Arlington Stephen Sanzari Signature: Certificate #: N-0546 Date: CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet Item (s) #10 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

4 Fed. I.D. # Borough of North Arlington Municipality Bergen County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2017 (1) (2) (3) Federal programs State Other Federal Expended Programs Programs (administered by Expended Expended the state) TOTAL $ 30,150 $ 48,933 Type of Audit required by US Uniform Guidance and NJ OMB 15-08: 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 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 1c

5 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 Borough of North Arlington County of Bergen during the year 2017 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities. Name: Title: Chief Financial Officer (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, 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 $1,645,233,695. SIGNATURE OF TAX ASSESSOR MUNICIPALITY COUNTY Sheet 2

6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT 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 Cash $ 7,953,881 Change Fund 200 subtotal- Cash 7,954,081 Grants Receivable 194,800 Due from State of NJ- Senior Citizen & Veteran Deductions 9,786 Receivables and Other Assets with Offsetting Reserves Taxes Receivable 690,296 Current Year Taxes $ 555,183 Delinquent Taxes 135,113 Tax Title Liens Receivable 130,515 Prepaid School Taxes 2,442 Interfunds Due from Animal Control Trust Fund 5,299 Deferred Charges Special Emergency - Terminal Leave ,000 Appropriation Reserves 1,653,480 Encumbrances Payable 307,785 Accounts Payable 774 Prepaid Taxes 950,705 Tax Overpayments 50,829 Due to State of NJ - Fees Payable 7,194 Interfunds Due to Other Trust Fund 208,545 Due to Assessment Trust Fund 17 Due to Unemployment Trust Fund 14,462 Due to General Capital Fund 400,471 Reserve for Tax Appeals 453,833 Reserve for Library State Aid 13,905 Reserve for Appropriated Grants 196,012 Reserve for Unappropriated Grants 67,495 4,325,507 "C" Special Emergency Note Payable 195,000 Reserve for Receivables 828,552 Fund Balance 3,833,160 (Do not crowd - add additional sheets) Sheet 3 $ 9,182,219 $ 9,182,219

7 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2017 Title of Account Debit Credit NOT APPLICABLE (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

8 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2017 Title of Account Debit Credit NOT APPLICABLE (Do not crowd - add additional sheets) Sheet 5

9 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2017 Title of Account Debit Credit Other Trust Fund Cash $ 1,213,503 Due from Unemployment Trust Fund 43,687 Due from Current Fund 208,545 Reserve for Library 28,275 Payroll Deductions and Withholdings Payable (Deficit) 354 Miscellaneous Reserves 1,437,814 $ 1,466,089 $ 1,466,089 Animal Control Fund Cash $ 16,790 Due to Current Fund $ 5,299 Due to State of New Jersey 14 Reserve for Expenditures (Deficit) 11,477 $ 16,790 $ 16,790 Unemployment Trust Fund Cash $ 68,112 Due from Current Fund 14,462 Due to Other Trust Fund 43,687 Due to State of New Jersey 24,378 Reserve for Expenditures 14,509 $ 82,574 $ 82,574 Assessment Trust Fund Cash $ 104,740 Assessments Receivable 23 Due from Current Fund 17 Assessment Overpayments 30 Assessment Bonds Payable 104,696 Reserve for Assessments Receivable 23 Fund Balance 31 $ 104,780 $ 104,780 (Do not crowd - add additional sheets) Sheet 6

10 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law, 1998, C. 256 Municipal Public Defender Expended Prior Year 2016: (1) $10,000 x 25% (2) $12,500 Municipal Public Defender Trust Cash Balance December 31, 2017: (3) $0 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) =. $ - 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: Signature: Certificate #: Date: Sheet 6a

11 Schedule of Trust Fund Reserves Amount Dec. 31, 2016 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, Escrow Deposits $ 155,921 $ 94,730 73,625 $ 177, Tax Sale Premiums 634, , , , William Swellick Memorial Fund 6,105 6, Domestic Partners Lien Redemptions 37, , , P.O.A.A. 36,644 5,555 42, Municipal Alliance Donations 50,754 9,877 60, Fire Prevention - Fines and Penalties 8,087 8, Recreation 868 1, , Accumulated Leave 318, , , Community Development Police Cert. Fund Drive 7,582 10,000 4,710 12, Snow Removal 100, , Totals: $ 1,355,995 $ 885,968 $ 804,149 $ 1,437,814 Sheet 6b

12 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Interest on Other Balance and Investments are Pledged Dec. 31, 2016 and Liens Budget Deposits Receipts Disbursements Dec. 31, 2017 Assessment Serial Bond Issues: XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX Ord Porete Avenue 201,801 97, ,696 Assessment Bond Anticipation Note Issues: XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX Other Liabilities Trust Surplus Due from/to Current Fund (66,946) (66,929) (17) Assessment Overpayments *Less Assets "Unfinanced" XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX *Show as red figure 134, , ,740 Sheet 7

13 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2017 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized $1,641,373 XXXXXXXX Bonds and Notes Authorized But Not Issued $1,641,373 Cash 2,642,715 Grants Receivable 213,143 Due from Current Fund 400,471 Deferred Charges Funded 9,644,304 Deferred Charges Unfunded 6,810,084 Serial Bonds Payable 9,644,304 Bond Anticipation Notes Payable 5,231,500 Improvement Authorizations Funded 386,223 Unfunded 2,451,597 Contracts Payable 831,611 Capital Improvement Fund 18,672 Reserve for Payment of Debt 257,405 Reserve for Future Capital Improvements 250,000 Reserve for Grants Receivable 47,516 Fund Balance 591,889 $21,352,090 $21,352,090 (Do not crowd - add additional sheets) Sheet 8

14 CASH RECONCILIATION DECEMBER 31, 2017 Cash Less Checks Cash Book *On Hand On Deposit Outstanding Balance Current 758,779 9,515,601 2,320,299 7,954,081 Trust - Assessment 104, ,740 Trust- Other 5,358 1,248,668 40,523 1,213,503 Trust - Dog License 16,790 16,790 Trust - Unemployment 68,112 68,112 Capital - General 2,656,938 14,223 2,642,715 Utility - Operating Utility - Capital Utility - Assessment Trust Public Assistance I** Public Assistance II** Garbage District Total 764,137 13,610,849 2,375,045 11,999,941 * Includes 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: Registered Municipal Accountant Sheet 9

15 CASH RECONCILIATION DECEMBER 31, 2017 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Current Valley National Bank - Current ,379,380 Valley National Bank - Grants ,472 Kearny Federal Savings ,749 9,515,601 Other Trust Fund Valley National Bank - Outside Lien Redemptions ,884 Valley National Bank - Community Development Valley National Bank - Redevelopment Trust ,885 Valley National Bank - General Trust ,471 Valley National Bank - General Escrow ,421 Valley National Bank - Recreation Trust Valley National Bank - Payroll ,138 Kearny Federal Bank - Bond Redemption ,715 Valley National Bank - Library ,843 Boiling Springs CD - Library 10,432 1,248,668 Animal Control Trust Fund Valley National Bank ,790 Unemployment Trust Fund Valley National Bank ,112 Assessment Trust Fund Valley National Bank ,740 General Capital Fund Valley National Bank ,656,938 GRAND TOTAL 13,610,849 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 9(a)

16 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2017 Budget Balance Revenue Balance Grant December 31, 2016 Realized Received Cancelled December 31, 2017 Bullet-Proof Vest Partnership $ 9,847 $ 9,847 NJ Dept of Transportation - Canterbury Ph 2 4 $ 4 NJ Dept of Transportation - Mobility Grant 10,320 10,320 Assistance to Firefighters 9,463 9,463 Fire Department SAFER 74,437 74,437 NJ Handicap Recreational Opportunities 13,763 13,763 HMDC Discretionary Grant 46,425 46,425 NJ Meadowlands Municipal Assistance Grant 8,300 8,300 Smart Growth 11,598 11,598 Bergen County Open Space - T-Ball Field 1,308 1,308 Bergen County Prosecutor - Police Radios 44,099 44,099 County of Bergen - Road Repair - River Road 113, ,886 County of Bergen - ADA Ramps 11,488 11,488 Recycling Tonnage $ 29,990 $ 29,990 Municipal Alliance 45,277 11,677 56,954 Totals $ 400,215 $ 41,667 $ 29,990 $ 217,092 $ 194,800 Sheet 10

17 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2017 Balance Budget Appropriations Balance Grant January 1, 2017 Appropriation Local Expended Cancelled Dec. 31, 2017 Budget By 40A:4-87 Match Body Armor Replacement Program $ 3,372 $ 10,962 $ 14,334 Drunk Driving Enforcement Fund 2,013 $ 2,013 Alcohol Education and Rehabilitation Clean Communities 154,174 31,516 $ 135,000 50,690 Recycling Tonnage Grant 96,497 29,990 18,162 80,000 28,325 NJ DEP Stormwater CDBG - Generator 2 2 Highway Safety Seat Belts 4,000 4,000 Strengthening Families 3,516 3,516 NJ DEP - Road Mileage 45,082 45,082 NJ Meadowlands Municipal Assistance 67,567 67,567 Municipal Alliance - State Share 21,009 11,677 9,807 22,879 Municipal Alliance - Local Match 10,433 2,919 13,352 Fire Department SAFER Grant 39,542 39,542 Bill Gates Library Grant 1,300 1,300 County of Bergen - ADA Ramps 11,488 11,488 Emergency Management 10,000 10,000 Bergen County Prosecutor - Police Radios Emergency Management 2,298 2,298 BCUA Recycling Assistance 5,207 5,207 Totals $ 478,725 $ 87,910 $ - $ 30,150 $ 340,473 $ 196,012 Sheet 11

18 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from Revenue Balance Budget Appropriations Received Realized Balance Grant Dec. 31, 2016 Appropriation Dec. 31, 2017 Budget By 40A:4-87 Body Armor Replacement Fund $ 10,962 $ 2,830 $ 10,962 $ 2,830 Alcohol Education and Rehabilitation 846 3, ,451 Clean Communities 31,516 26,775 31,516 26,775 Drive Sober or Get Pulled Over 0 5,500 5,500 Recycling Tonnage 28,939 28,939 Totals $ 43,324 $ 67,495 $ 43,324 $ 67,495 Sheet 12

19 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2017 xxxxxxxxxxx xxxxxxxxxxx Prepaid School Taxes $ 2,442 xxxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxxxxxxxxx Levy School Year July 1, June 30, 2018 xxxxxxxxxxx Levy Calendar Year 2017 xxxxxxxxxxx $25,043,339 Paid $25,043,339 xxxxxxxxxxx Balance December 31, 2017 xxxxxxxxxxx xxxxxxxxxxx Prepaid School Taxes xxxxxxxxxxx $ 2,442 School Tax Deferred (Not in excess of 50% of Levy ) xxxxxxxxxxx * Not including Type I school debt service, emergency authorizations- $25,045,781 $25,045,781 schools, transfer to Board of Education for use of local schools. # Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX NOT APPLICABLE Debit Credit Balance January 1, xxxxxxxxxxx 2017 Levy xxxxxxxxxxx Added Taxes xxxxxxxxxxx Cash Disbursements xxxxxxxxxxx Balance December 31, xxxxxxxxxxx NONE NONE Sheet 13

20 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) NOT APPLICABLE Debit Credit Balance January 1, 2017 xxxxxxxxxxx xxxxxxxxxxx School Tax Payable # xxxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy xxxxxxxxxxx Levy School Year July 1, June 30, 2018 xxxxxxxxxxx Levy Calendar Year 2017 xxxxxxxxxxx Paid xxxxxxxxxxx Balance December 31, 2017 xxxxxxxxxxx School Tax Payable # xxxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy ) #Must include unpaid requisitions. NONE NONE REGIONAL HIGH SCHOOL TAX (Provide a separate statement for each Regional District involved) NOT APPLICABLE Debit Credit Balance January 1, 2017 xxxxxxxxxxx xxxxxxxxxxx School Tax Payable # xxxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxxxxxxxxx Levy School Year July 1, June 30, 2018 xxxxxxxxxxx Levy Calendar Year 2017 xxxxxxxxxxx Paid xxxxxxxxxxx Balance December 31, 2017 xxxxxxxxxxx xxxxxxxxxxx School Tax Payable # xxxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxxxxxxxxx #Must include unpaid requisitions. NONE NONE Sheet 14

21 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2017 xxxxxxxxxxx xxxxxxxxxxx County Taxes xxxxxxxxxxx Due County for Added and Omitted Taxes xxxxxxxxxxx $ 12, Levy: xxxxxxxxxxx General County xxxxxxxxxxx 3,834,859 County Library xxxxxxxxxxx County Health xxxxxxxxxxx xxxxxxxxxxx County Open Space Preservation xxxxxxxxxxx 159,124 Due County for Added and Omitted Taxes xxxxxxxxxxx 1,887 Paid $4,008,130 xxxxxxxxxxx Balance December 31, 2017 xxxxxxxxxxx xxxxxxxxxxx County Taxes xxxxxxxxxxx Due County for Added and Omitted Taxes xxxxxxxxxxx 4,008,130 4,008,130 SPECIAL DISTRICT TAXES NOT APPLICABLE Debit Credit Balance January 1, xxxxxxxxxxx xxxxxxxxxxx 2017 Levy: (List Each Type of District Tax Separately -see Footnote) xxxxxxxxxxx Fire xxxxxxxxxxx Sewer xxxxxxxxxxx Water xxxxxxxxxxx Garbage xxxxxxxxxxx Open Space xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx Total 2017 Levy xxxxxxxxxxx Paid Balance December 31, xxxxxxxxxxx Footnote: Please state the number of districts in each instance. Sheet 15

22 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Balance January 1, xxxxxxxxxxx $ 13,905 State Library Aid Received in xxxxxxxxxxx Expended xxxxxxxxxxx Balance December 31, $ 13,905 $ 13,905 $ 13,905 RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, xxxxxxxxxxx State Library Aid Received in xxxxxxxxxxx Expended xxxxxxxxxxx Balance December 31, NONE NONE RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID(N.J.S.A. 40:54-35) Balance January 1, xxxxxxxxxx State Library Aid Received in xxxxxxxxxxx xxxxxxxxxxx Expended xxxxxxxxxxx Balance December 31, NONE NONE RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, xxxxxxxxxxx State Library Aid Received in xxxxxxxxxxx Expended xxxxxxxxxxx Balance December 31, NONE NONE Sheet 16

23 STATEMENT OF GENERAL BUDGET REVENUES 2017 Budget Realized Excess or Deficit* Source Surplus Anticipated $805,219 $805,219 Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Adopted Budget 4,167,201 4,488,285 $321,084 Added by N.J.S.A. 40A:4-87: (List on 17a) xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx Attached Total Miscellaneous Revenue Anticipated ,167,201 4,488, ,084 Receipts from Delinquent Taxes , ,878 (5,122) Amount to be Raised by Taxation: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx (a) Local Tax for Municipal Purposes ,442,936 xxxxxxxxxxxxx xxxxxxxxxxxxx (b) Addition to Local District School Tax xxxxxxxxxxxxx xxxxxxxxxxxxx (c) Minimum Library Tax ,224 Total Amount to be Raised by Taxation ,963,160 18,364, ,600 $23,485,580 $24,203,142 $717,562 ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) xxxxxxxxxxxxx $46,203,969 Amount to be Raised by Taxation xxxxxxxxxxxxx Local District School Tax $25,043,339 xxxxxxxxxxxxx Regional School Tax xxxxxxxxxxxxx Regional High School Tax xxxxxxxxxxxxx County Taxes ,993,983 xxxxxxxxxxxxx Due County for Added and Omitted Taxes ,887 xxxxxxxxxxxxx Special District Taxes xxxxxxxxxxxxx Municipal Open Space Tax Reserve for Uncollected Taxes xxxxxxxxxxxxx 1,200,000 Deficit in Required Collection of Current Taxes (or) xxxxxxxxxxxxx Balance for Support of Municipal Budget (or) ,364,760 xxxxxxxxxxxxx *Excess Non-Budget Revenue (see footnote) xxxxxxxxxxxxx *Deficit Non-Budget Revenue (see footnote) xxxxxxxxxxxxx *These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" $47,403,969 $47,403,969 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. Sheet 17

24 STATEMENT OF GENERAL BUDGET REVENUES 2017 (Continued) Miscellaneous Revenues Anticipated: Added by N.J.S. 40A:4-87 Source Budget Realized Excess or Deficit Not Applicable Total (Sheet 17) $0 $0 $0 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: Sheet 17a

25 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted $23,485, Budget - Added by N.J.S. 40A: Appropriated for 2017 (Budget Statement Item 9) ,485,580 Appropriated for 2017 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,485,580 Add Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,485,580 Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] $20,628,526 Paid or Charged - Res. for Uncollected Tax ,200,000 Reserved ,653,480 Total Expenditures ,482,006 Unexpended Balances Canceled (see footnote) $3,574 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 NOT APPLICABLE N.J.S. 40A:4-46 (After adoption of Budget) N.J.S. 40A:4-20 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures Paid or Charged Reserved Total Expenditures Sheet 18

26 RESULTS OF 2017 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: xxxxxxxxxxxx xxxxxxxxxxxx Miscellaneous Revenues Anticipated xxxxxxxxxxxx $ 321,084 Delinquent Tax Collections xxxxxxxxxxxx xxxxxxxxxxxx Required Collection of Current Taxes ,600 Unexpended Balances of 2017 Budget Appropriations xxxxxxxxxxxx 3,574 Miscellaneous Revenue Not Anticipated xxxxxxxxxxxx 394,512 Miscellaneous Revenue Not Anticipated Proceeds of Sale of Foreclosed Property (Sheet 27) xxxxxxxxxxxx Payments in Lieu of Taxes on Real Property xxxxxxxxxxxx Sale of Municipal Assets xxxxxxxxxxxx Unexpended Balances of 2016 Appropriation Reserves xxxxxxxxxxxx 712,205 Cancellation of Prior Year Tax Overpayments xxxxxxxxxxxx 25,291 Cancellation of Appropriated Grant Reserves 340,473 Interfunds Liquidated in 2017 xxxxxxxxxxxx 24,545 xxxxxxxxxxxx Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) xxxxxxxxxxxx xxxxxxxxxxxx Balance - January 1, xxxxxxxxxxxx Balance - December 31, xxxxxxxxxxxx Deficit in Anticipated Revenues: xxxxxxxxxxxx xxxxxxxxxxxx Miscellaneous Revenues Anticipated xxxxxxxxxxxx Delinquent Tax Collections ,122 xxxxxxxxxxxx xxxxxxxxxxxx Required Collection of Current Taxes xxxxxxxxxxxx xxxxxxxxxxxx Interfunds Originating in ,299 xxxxxxxxxxxx Senior Citizens and Veteran's Deductions Allowed - Prior Year 9,250 xxxxxxxxxxxx Cancellation of Grants Receivable 217,092 xxxxxxxxxxxx Refund of Prior Year Taxes/Revenue 5,024 xxxxxxxxxxxx Deficit Balance - To Trial Balance (Sheet 3) xxxxxxxxxxxx Surplus Balance - To Surplus (Sheet 21) ,981,497 xxxxxxxxxxxx $2,223,284 $2,223,284 Sheet 19

27 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Administrative Fee - Senior Citizens and Veterans Deductions $ 1,830 BMED Dividend 255,121 SBJIF Dividend 23,239 FEMA - Superstorm Sandy 48,933 PERS Pension Refund 22,106 PSE&G Refund 26,469 DMV Inspection Fines 1,200 Miscellaneous 15,614 Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $ 394,512 Sheet 20

28 SURPLUS - CURRENT FUND YEAR 2017 Debit Credit 1. Balance - January 1, xxxxxxxxxxxxx $2,656, xxxxxxxxxxxxx 3. Excess Resulting from 2017 Operations xxxxxxxxxxxxx 1,981, Amount Appropriated in the 2017 Budget-Cash $805,219 xxxxxxxxxxxxx 5. Amount Appropriated in 2017 Budget with Prior Writ- xxxxxxxxxxxxx ten Consent of Director of Local Government Services xxxxxxxxxxxxx 6. xxxxxxxxxxxxx 7. Balance - December 31, ,833,160 xxxxxxxxxxxxx $4,638,379 $4,638,379 ANALYSIS OF BALANCE - DECEMBER 31, 2017 (FROM CURRENT FUND - TRIAL BALANCE) Cash $7,954,081 Investments Sub-Total 7,954,081 Deduct Cash Liabilities Marked with "C" on Trial Balance ,325,507 Cash Surplus ,628,574 Deficit in Cash Surplus Other Assets Pledged to Surplus:* (1) Due from State of N.J. Senior Citizens and Veterans Deduction $9,786 Deferred Charges # Cash Deficit # Grants Receivable 194,800 Total Other Assets ,586 * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", OTHER ASSETS $3,833,160 WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2018 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. NOTE: Deferred charges for authorizations under N.J.S.A. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.) N.J.S. 40A: (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

29 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis) # $ $47,013,490 or (Abstract of Ratables) $ 2. Amount of Levy - Special District Taxes $ 3. 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 $ 22,227 5a. Subtotal 2017 Levy $ 47,035,717 5b. Reductions due to tax appeals** 5. Total 2017 Levy $ 47,035, Transferred to Tax Title Liens $ 36, Transferred to Foreclosed Property $ 8. Remitted, Abated or Canceled $ 39, Discount Allowed $ 10. Collected in Cash: In $ 171,429 In 2017 * ,585,406 Homestead Benefit Credit ,634 State's Share of 2017 Senior Citizens and Veterans Deductions allowed ,500 Total To Line $46,403, Total Credits 46,480, Amount Outstanding - December 31, $ 555, Percentage of Cash Collections to Total 2017 Levy, (Item 10 divided by Item 5c) is 98.65% 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 $ 46,403,969 Less: Reserve for Tax Appeals Pending in State Division of Tax Appeals 200,000 To Current Taxes Realized in Cash (Sheet 17) $ 46,203,969 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 Veteran 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 ot the governing body prior to introduction of municipal budget. (NJSA 40A:4-41) Sheet 22

30 ACCELERATED TAX SALE/TAXLEVY 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 tp 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 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 ( Sheet 22).. $ LESS : Proceeds from Tax Levy Sale ( excluding premium) Net Cash Collected. $ Line 5c (sheet 22) Total 2017 Tax Levy.. $ Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is % Sheet 22 (a)

31 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance - January 1, 2017 xxxxxxxxxxxxx xxxxxxxxxxxxx Due From State of New Jersey $ 11,036 xxxxxxxxxxxxx Due to State of New Jersey 2. Sr. Citizens and Veterans Deductions Per Tax Billings 95,500 xxxxxxxxxxxxx 3. xxxxxxxxxxxxx 4. Senior Citizen & Veteran Deductions Allowed By Tax Collector 1,000 xxxxxxxxxxxxx 5. Senior Citizens Deductions Allowed By Tax Collector- Prior Year Taxes Vet Deductions Disallowed By Tax Collector 7. Sr. Citizens Deductions Disallowed by Tax Collector xxxxxxxxxxxxx $ - 8. Sr. Citizens Deductions Disallowed by Tax Collector 2016 Taxes xxxxxxxxxxxxx 9, Received in Cash from State xxxxxxxxxxxxx 89, Balance - December 31, 2017 xxxxxxxxxxxxx xxxxxxxxxxxxx Due From State of New Jersey xxxxxxxxxxxxx 9,786 Due To State of New Jersey xxxxxxxxxxxxx $108,286 $ 108,286 Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 $95,500 Line 3 Line 4 1,000 Sub - Total 96,500 Less: Line 7 0 To Line 10, Sheet 22 $96,500 Sheet 23

32 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING - (NJSA 54:3-27) Debit Credit Balance January 1, 2017 xxxxxxxxxxxx $328,409 Taxes Pending Appeals $328,409 xxxxxxxxxxxx xxxxxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxxxxx xxxxxxxxxxxx Contested Amount of 2017 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) xxxxxxxxxxxx 200,000 Interest Earned on Taxes Pending State Appeals xxxxxxxxxxxx Cash paid to Appellants (Including 5% Interest from Date of Payment) 74,576 xxxxxxxxxxxx Closed to Results of Operations (Portion of Appeal won by Municipality, incl. Interest) xxxxxxxxxxxx Balance December 31, 2017 $453,833 xxxxxxxxxxxx Taxes Pending Appeals* $453,833 xxxxxxxxxxxx xxxxxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxxxxx xxxxxxxxxxxx * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2017 License # Date Sheet 24

33 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2018 MUNICIPAL BUDGET YEAR 2018 YEAR Total General Appropriations for 2018 Municipal Budget Statement Item 8(L) (Exclusive of Reserve for Uncollected Taxes) $22,447,640 xxxxxxxxxx Actual ,043, Local District School Tax Estimate ** ,794,639 xxxxxxxxxx Actual Regional School District Tax Estimate * xxxxxxxxxx Actual Regional High School Tax School Budget Estimate * xxxxxxxxxx Actual ,995, County Tax Estimate * ,115,746 xxxxxxxxxx Actual Special District Taxes Estimate * xxxxxxxxxx Actual Municipal Open Space Tax - 0 Estimate * xxxxxxxxxx 8. Total General Appropriations & Other Taxes ,358, Less: Total Anticipated Revenues from 2016 in Municipal Budget (Item 5) ,674, Cash Required from 2016 Taxes to Support Local Municipal Budget and Other Taxes ,683, Amount of Item 10 Divided by 97.39% [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) ,933,543 Analysis of Item 11: Local District School Tax *May not be stated in an amount less than (Amount Shown on Line 2 Above) 25,794,639 "actual" Tax of year Regional School District Tax (Amount Shown on Line 3 Above) **Must be stated in the amount of the Regional High School Tax proposed budget submitted by the Local (Amount Shown on Line 4 Above) 0 Board of Education to the Commissioner County Tax of Education on January 15, 2009 (Chap. (Amount Shown on Line 5 Above) 4,115, , P.L. 1978). Consideration must be Special District Tax given to calendar year calculation. (Amount Shown on Line 6 Above) 0 Municipal Open Space Tax (Amount Shown on Line 7 Above) Tax in Local Municipal Budget 18,023,158 Total Amount (see Line 11) 47,933, Appropriation: Reserve for Uncollected Taxes (Budget) Statement, Item 8 (M) (Item 11, Less Item 10) ,250,000 Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations Item 12 - Appropriation: Reserve for UncollectedTaxes Note: 22,447,640 The amount of anticipated rev- 1,250,000 enues (Item 9) may never exceed the Sub-Total 23,697,640 total of Items 1 and 12 Less: Item 9 - Total Anticipated Revenues 5,674,482 Amount to be Raised by Taxation in Municipal Budget ,023,158 Sheet 25

34 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 % [(2018 Estimated Total Levy Total Levy)/2017 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) 2018 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

35 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. BALANCE JANUARY 1, 2017 $766,588 xxxxxxxxxxxx A. Taxes $680,091 xxxxxxxxxxxx xxxxxxxxxxxx B. Tax Title Liens ,497 xxxxxxxxxxxx 2. CANCELLED: xxxxxxxxxxxx xxxxxxxxxxxx A. Taxes xxxxxxxxxxxx 2,095 B. Tax Title Liens xxxxxxxxxxxx 3. TRANSFERRED TO FORECLOSED TAX TITLE LIENS: xxxxxxxxxxxx xxxxxxxxxxxx A. Taxes xxxxxxxxxxxx B. Tax Title Liens xxxxxxxxxxxx 4. ADDED TAXES ,250 xxxxxxxxxxxx 5. ADDED TAX TITLE LIENS Adjustment between Taxes (Other than current year) and Tax Title Liens xxxxxxxxxxxx xxxxxxxxxxxx A. Taxes - Transfers to Tax Title Liens xxxxxxxxxxxx 7,255 B. Tax Title Liens - Transfers from Taxes ,255 xxxxxxxxxxxx 7. BALANCE BEFORE CASH PAYMENTS xxxxxxxxxxxx $773, TOTALS 783, , BALANCE BROUGHT DOWN 773,743 xxxxxxxxxxxx 10. COLLECTED: xxxxxxxxxxxx 544,878 A. Taxes $544,878 xxxxxxxxxxxx xxxxxxxxxxxx B. Tax Title Liens xxxxxxxxxxxx xxxxxxxxxxxx 11. Interest & Costs Tax Sale xxxxxxxxxxxx TAXES TRANSFERRED TO LIENS ,763 xxxxxxxxxxxx TAXES ,183 xxxxxxxxxxxx 14. BALANCE, DECEMBER 31, 2017 xxxxxxxxxxxx 820,811 A. Taxes ,296 xxxxxxxxxxxx xxxxxxxxxxxx B. Tax Title Liens ,515 xxxxxxxxxxxx xxxxxxxxxxxx 15. TOTALS $1,365,689 $1,365, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 70.42% 17. Item No. 14 multiplied by percentage shown above is 578,024 and represents the maximum amount that can be anticipated in (See Note a on Sheet 22 - Current taxes) (1) These amounts will always be the same Sheet 26

36 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) NOT APPLICABLE Debit Credit 1. BALANCE JANUARY 1, xxxxxxxxxxxxx 2. FORECLOSED OR DEEDED IN 2017 xxxxxxxxxxxxx xxxxxxxxxxxxx 3. TAX TITLE LIENS xxxxxxxxxxxxx 4. 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, xxxxxxxxxxxxx $0 NONE NONE CONTRACT SALES NOT APPLICABLE Debit Credit 15. BALANCE, JANUARY 1, xxxxxxxxxxxxx SALES FROM FORECLOSED PROPERTY xxxxxxxxxxxxx 17. COLLECTED * xxxxxxxxxxxxx xxxxxxxxxxxxx 19. BALANCE DECEMBER 31, xxxxxxxxxxxxx MORTGAGE SALES NOT APPLICABLE Debit Credit 20. BALANCE JANUARY 1, xxxxxxxxxxxxx SALES FROM FORECLOSED PROPERTY xxxxxxxxxxxxx 22. COLLECTED * xxxxxxxxxxxxx xxxxxxxxxxxxx 24. BALANCE, DECEMBER 31, xxxxxxxxxxxxx Analysis of Sale of Property: $ - * Total Cash Collected in 2017 ( ) Realized in 2017 Budget - To Results of Operation (Sheet 19) - Sheet 27

37 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 Amount Dec. 31, 2016 in Amount Balance Caused By per Audit 2017 Resulting as of Report Budget from 2017 Dec. 31, Emergency Authorization - Municipal* $90,000 $90,000 $ - $ - 2. Emergency Authorizations - Schools $ $ $ $ 3. Unemployment Trust Fund $ 14,462 $14,462 $ - $ - 4. Animal Control Trust Fund $ 19,260 $19,260 $ - $ - 5. Payroll $ 769 $ $ (415) $ $ $ $ $ 7. $ - $ - $ $ 8. $ - $ - $ $ 9. $ - $ $ $ 10. $ $ $ $ *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51 Date Purpose Amount 1. NONE $ 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. NONE $ 3. $ 4. $ Sheet 28

38 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. Not Less Than REDUCED IN 2017 Amount 1/5 of Amount Balance Balance Date Purpose Authorized Authorized* Dec. 31, 2016 By 2017 Cancelled by Dec. 31, 2017 Budget Resolution 2015 Terminal Leave 325,000 65, ,000 65,000 $ 195,000 Totals $ 325,000 $ 65,000 $ 260,000 $65,000 $ 195, 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 Chief Financial Officer Sheet 29

39 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: , ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN 2017 Amount 1/3 of Amount Balance Balance Date Purpose Authorized Authorized* Dec. 31, 2016 By 2017 Canceled by Dec. 31, 2017 Budget Resolution NOT APPLICABLE Totals NONE 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 Chief Financial Officer * Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2017" must be entered here and then raised in the 2018 budget. Sheet 30

40 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS Debit Credit 2018 Debt Service OUTSTANDING JANUARY 1, xxxxxxxxxxxx $12,122,199 ISSUED xxxxxxxxxxxx PAID $2,477,895 xxxxxxxxxxxx OUTSTANDING DECEMBER 31, $9,644,304 $12,122,199 $12,122, BOND MATURITIES - GENERAL CAPITAL BONDS $2,560, INTEREST ON BONDS* $332,216 ASSESSMENT SERIAL BONDS OUTSTANDING JANUARY 1, xxxxxxxxxxxx $ 201,801 ISSUED xxxxxxxxxxxx PAID ,105 xxxxxxxxxxxx REFUNDED OUTSTANDING DECEMBER 31, ,696 xxxxxxxxxxxx $201,801 $201, BOND MATURITIES - ASSESSMENT BONDS , INTEREST ON BONDS* TOTAL "INTEREST ON BONDS - DEBT SERVICE" (*ITEMS) $332,216 LIST OF BONDS ISSUED DURING 2017 Date of Interest Purpose 2018 Maturity Amount Issued Issue Rate Not Applicable Total Sheet 31

41 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) GREEN ACRES LOAN NOT APPLICABLE Debit Credit 2018 Debt Service OUTSTANDING JANUARY 1, xxxxxxxxxxxx ISSUED xxxxxxxxxxxx PAID xxxxxxxxxxxx OUTSTANDING DECEMBER 31, NONE NONE 2018 LOAN MATURITIES INTEREST ON LOANS TOTAL 2018 DEBT SERVICE FOR GREEN ACRES LOAN NOT APPLICABLE OUTSTANDING JANUARY 1, xxxxxxxxxxxx ISSUED xxxxxxxxxxxx PAID xxxxxxxxxxxx OUTSTANDING DECEMBER 31, xxxxxxxxxxxx NONE NONE 2018 LOAN MATURITIES INTEREST ON LOANS $ TOTAL 2018 DEBT SERVICE FOR LOAN $ LIST OF LOANS ISSUED DURING 2017 Date of Interest Purpose 2018 Maturity Amount Issued Issue Rate NONE Total $0 $ Sheet 31a

42 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS NOT APPLICABLE Debit Credit 2018 Debt Service OUTSTANDING JANUARY 1, xxxxxxxxxxxx PAID xxxxxxxxxxxx OUTSTANDING DECEMBER 31, xxxxxxxxxxxx 2018 BOND MATURITIES - TERM BONDS INTEREST ON BONDS* TYPE I SCHOOL SERIAL BOND OUTSTANDING JANUARY 1, xxxxxxxxxxxx ISSUED xxxxxxxxxxxx PAID xxxxxxxxxxxx NOT APPLICABLE OUTSTANDING DECEMBER 31, xxxxxxxxxxxx 2018 INTEREST ON BONDS* BOND MATURITIES - SERIAL BONDS TOTAL "INTEREST ON BONDS - TYPE I SCHOOL DEBT SERVICE" (*ITEMS) LIST OF BONDS ISSUED DURING 2017 Date of Interest Purpose 2018 Maturity Amount Issued Issue Rate NOT APPLICABLE Total INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding December 31, Interest Requirement 1. Emergency Notes NONE NONE 2. Special Emergency Notes $ 195,000 $ 2, Tax Anticipation Notes NONE NONE 4. Interest on Unpaid State and County Taxes NONE NONE 5. $ $ 6. $ $ Sheet 32