ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2012 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2012 (UNAUDITED) POPULATION LAST CENSUS 3,460 NET VALUATION TAXABLE ,666,268 MUNICODE 2,123 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES -JANUARY 26, 2013 MUNICIPALITIES- FEBRUARY 10,2013 f>nnual FINANCIAL STATEMENT REQUlRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUlRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. Township of White,County of Warren SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 2 Preliminary Check Examined I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 5la 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 David H. Evans of Nisivoccia LLP Registered Municipal Accountant (This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY CHIEF FINANCIAL OFFICER: I hereby certify that I am responsible for filing this verified Annual Financial Statement, (whish I ""''"!'f"l'8l'e<!j or (which I have not prepared) [elimio te anej 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 Kathleen Reinalda, am the Chief Financial Officer, License# N-0631, of the Township of White, County of Warren and that the statements annexed hereto and made a part hereof are true statements of the fmancial condition of the Local Unit as at December 31, 2012, 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 31,2012. Signature Title Chief Financial Officer Address 555 County Route 519, Belvidere, New Jersey Phone Number Fax Number IT IS HEREBY INCUMBENT UPON THE ClllEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF TillS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO FAR AS TO BE FAMll..IAR 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 White as of December 31, 2012 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 byn.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 2012 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 fmancial 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 fmancial statements of the municipality/county, taken as a whole. Listing of agreed upon procedures not performed and/or matters corning to my attention of which the Director should be informed: None David H. Evans Certified by me this loth (Registered Municipal Accountant) Nisivoccia llp (Firm Name) 200 Valley Road, Suite 300 (Address) Mount Arlington, NJ (Address) day of February, ;.9..;..73;.,-.;;.32;.,8;.,-;.,18;.;;2..;.5 (Phone Number) ( ) (Fax Number) Sheet la

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 2012 as required undern.j.a.c. 5: Printed Name: Signature: Certificate #: Date: Sheet lb

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. 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 Ia 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 an appropriation or levy "CAP" Waiver. 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: Township of White Kathleen Reinalda Signature: Certificate #: N-0631 Date: CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet item(s) :e:# 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 lc

5 Fedi.D.# Township of White Municipality Warren County Report of Federal and State Financial Assistance Expenditure of Awards Fiscal Year Ending: 12/31/2012 (1) Federal programs Expended (administered by the State) (2) State Programs Expended (3) Other Federal Programs Expended TOTAL 24, , 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 (fmancial 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 defmed 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 of County of during the year 2012 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Name Tille (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. N/A MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2012 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2013 and filed with the County Board of Taxation on January 10,2013 in accordance with the requirement ofn.j.s.a. 54:4-35, was in the amount of SIGNATURE OF TAX ASSESSOR Township of White MUNICIPALITY Warren COUNTY Sheet 2

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE- CURRENT FUND AS ATDECEMBER31, 2012 Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" - - Taxes Receivable Must Be Subtotaled Title of Account II Debit ~ Credit Cash and Cash Equivalents 2,493, Receivables Offset with Full Reserves: 2012 Taxes Receivable 241, Prior Year Taxes Receivable 3, , Tax Title Lien Receivable 90, Property Acquired for Taxes 75, Due From: Federal and State Grant Fund Animal Control Fund 7, Other Trust Fund General Capital Fund Revenue Accounts Receivable 6, , Totals 2,920, (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, 2012 Cash liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" ~-Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Appropriation Reserves: Unencumbered Encumbered 140, , , Due to Federal and State Grant Fund Due to Other Trust Fund - Open Space Trust Fund Due State of NJ Veterans and Seniors Prepaid Taxes Local School Taxes Payable County Added and Omitted Taxes Payable Reserve for Driveway Bonds Reserve for Sale of Municipal Assets Reserve for Watershed Moratorium Aid Reserve for Open Space Pilot Aid Reserve for Pending Tax Appeals 32, , , , , , , , , , , "C" Reserve for Receivable Fund Balance 426, ,907, (Do not crowd - add additional sheets) 2,920, Sheet3a

9 POST CLOSING TRIAL BALANCE- PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2012 Title of Account Debit Credit - Cash and Cash Equivalents 2, ReserVe for Public Assistance Expenditures Totals 2, , , (Do not crowd- add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program Sheet4

10 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31,2012 Title of Account II Debit Credit Due From Current Fund 32, Grants Receivable 108, Appropriated Reserves: Unencumbered Unappropriated Reserves Totals 141, , , , (Do not crowd- add additional sheets) Sheet 5

11 POST CLOSING TRIAL BALANCE- TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2012 Title of Account II Debit Credit Animal Control Fund: Cash and Cash Equivalents 23, Due Current Fund 7, Due State of New Jersey Reserve for Animal Control Expenditures 15, Total Animal Control Fund 23, , Other Trust Funds: Cash and Cash Equivalents 373, Due from Current Fund - Open Space Trust Fund Due to Current Fund Reserve for: Gravel Pit Escrow 23, Escrow Deposits 194, Maintenance Bond Deposits 29, Soil Extraction Bonds Deposits Tax Sale Premiums 18, Unemployment Compensation Insurance 8, Open Space Fund 99, Total Other Trust Funds 374, , (Do not crowd - add additional sheets) Sheet6

12 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2011: (1) (2) X 2, % Municipal Public Defender Trust Cash Balance December 31, 2012: (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: Kathleen Reinalda Signature: Certificate #: N-0631 Date: Sheet6a

13 Schedule of Trust Fund Reserves Purpose Amoootper 12/31/2011 Audit Report Receipts Disbursements Balance as of 12/ Open Space Trust 95, , , , Gravel Pits 27, , , , Soil Extension Bond Maintenance Bond 40, , , , Escrow Deposits 220, , , , Tax Sale Premiums 2, , , UCI Deposits 7, , Totals: 392, , , , Sheet6b

14 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENT PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash Balance RECEIPTS and Investments are Pledged Dec. 31, 2011 Assessments Current and Liens Budget Assessment Serial Bond Issues: : Balance Disbursements Dec. 31, 2012 : Assessment Bond Anticipation Note Issues: : : : Other Liabilities Trust Surplus Less Assets "Unfmanced" : : Sheet 7

15 POST CLOSING TRIAL BALANCE- GENERAL CAPITAL FUND AS AT DECEMBER 31,2012 Title of Account II Debit II Credit Est. Proceeds Bonds and Notes Authorized x:x Bonds and Notes Authorized but Not Issued x:x Cash and Cash Equivalents 2,486, Deferred Charges to Future Taxation: Funded 1,675, Unfunded 1,855, Due Current Fund Bond Anticipation Notes Payable 1,855, Serial Bonds Payable 1,675, Improvement Authorizations: Funded 61, Unfunded 59, Capital Improvement Fund 386, Reserve to Pay Debt Service 1,675, Fund Balance 305, Totals 6,018, ,018, (Do not crowd- add additional sheets) Sheet 8

16 CASH RECONCILIATION DECEMBER ' *On Hand Cash On Deposit Less Checks Outstanding CashBook Balance Current 49, ,507, (62,998.05) 2,493, Trust - Assessment Trust - Dog License , Trust - Other , (3,220.25) Capital - General 2,486, , , ,486, Water - Operating Water - Capital Utility Assessment Trust Public Assistance ** 2, Sewer - Operating 26, , (50.00) Sewer - Capital 145, (25,000.00) 2, , , Total 76, ,835, (91,268.30) 5,820, * Include Deposits in Transit ** Be sure to include 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 Desposit" 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. (TillS MUST BE SIGNED BY TilE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFHCER) depending on who prepared this Annual Financial Statement as certified to on Sheet I or!(a). Signature: Title: Registered Municipal Accountant Sheet9

17 -~ CASH RECONCILIATION DECEMBER 31, 2012 (coot' d.) - LIST BANKS AND AMOUNT SUPPORTING "CASH ON DEPOSIT" Current Fund: Valley National Checking Account # Valley National Checking Account# Valley National Checking Account # , , ,235, ,507, Animal Control: Valley National Checking # Valley National Checking# , , General Capital: Valley National Checking # ,486, ,486, Public Assistance Trust: Valley National Checking # , , Sewer Operating: Valley National Checking # , , Sewer Capital Valley National Checking# , , 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. Sheet9a

18 CASH RECONCILIATION DECEMBER 31, 2012 (cont'd.) LIST BANKS AND AMOUNT SUPPORTING "CASH ON DEPOSIT" Trust Funds: Bank of America , Valley National Bank Checking Accounts: , , , , , Total Other Trust Funds 3, , , , , , Total All Funds ~.s~~.(i7l!-~7 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. Sheet9b

19 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Grant Balance 2012 Received Transfer Jan. 1, 2012 Budget From Revenue Unappropriated Realized Reserve Cancelled Balance Dec. 31, 2012 Clean Communities Program: , , , , Recycling Tonnage Grant , , Highlands Council Grant: Plan Performance Grant , , New Jersey Transportation Trust Fund Authority Act , , , Municipal Alliance Program , , Warren County Open Space Grant 210, , , , Wastewater Management Grant , , , Totals 280, , , , , ,361.81

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred from 2012 Balance Budget A propriations Expended Jan.!, 2012 Appropriations Budget By40A:4-87 Cancelled Balance Dec. 31, 2012 Municipal Alliance: State Share Local Share 4, , , , Clean Communities Grant: , , , , , , , , , Recycling Tonnage Grant: , , , , , , , , , ,508.80

21 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Grant Transferred from 2012 Balance Budget At propriations Expended Jan. 1,2012 Appropriations Budget By40A:4-87 Cancelled Balance Dec. 31, 2012 Highlands Council Grant: Plan Performance Grant , , RMP Compliance Grant New Jersey Transportation Trust Fund Authority Act: , , , , , Stormwater Management , , Comcast Grant 10, , Council on Affordable Housing Grant 6, , Warren County Open Space Grant 9, , , , Wastewater Management Grant , , , , Energy Efficiency Block Grant 18, , Totals 204, , , , , ,561.33

22 Grant SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2012 Balance Budget Ar propriations Received Jan. 1, 2012 Appropriations Budget By40A:4-87 Balance Dec. 31, 2012 Clean Communities Grant: , , Recycling Tonnage Grant: , , , , Totals 15, , , ,692.33

23 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2012 School Tax Payable# , School Tax Deferred (Not in excess of 50% of Levy ) ,960, Levy School Year July 1, Juue 30, ,935, Levy Calendar Year2012 Paid 6,927, Balance December 31,2012 School Tax Payable# , School Tax Deferred (Not in excess of 50% of Levy ) ,160, Not including Type I school debt service, emergency authorizations-schools, transfer to Board of Education for use of Local Schools. # Must include unpaid requisitions. 10,234, ,234, MUNICIPAL OPEN SPACE TAX I! Debit Credit Balance January 1, , Levy , Added Levy Open Space Deposits Interest Earned Expenditures 112, Balance December 31, , , , Sheet13

24 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) II Debit Credit Balance January I, 2012 School Tax Payable# School Tax Deferred (Not in excess of 50% of Levy- 201 I ) Levy School Year July I, June 30, 2013 Levy Calendar Year 20 I 2 Paid Balance December 31, 2012 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 I, 2012 School Tax Payable# School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July I, June 30, 2013 Levy Calendar Year 2012 Paid Balance December 3 I, 20 I 2 School Tax Payable# School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions. Sheet 14 Not Applicable

25 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2012 County Taxes Due County for Added and Omitted Taxes Levy General County ,238, County Library , County Health County Open Space Preservation 380, Due County for Added and Omitted Taxes , Paid 3,919, Balance December 31, 2012 County Taxes Due County for Added and Omitted Taxes 23, ,942, ,942, SPECIAL DISTRICT TAXES- N/A Debit ~ Credit Balance January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage Open Space Total2012 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance. Sheet 15

26 STATE LffiRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LffiRARY 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 LffiRARY WITH STATE AID Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR AID TO LffiRARY 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 LffiRARY SERVICES WITH FEDERAL AID Balance January 1, 2012 State Library Aid Received in Expended Balance December 31, Sheet 16 Not Applicable

27 STATEMENT OF GENERAL BUDGET REVENUES 2012 Source ---- Realized I Excess or Deficit* Budget ~ II Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget 1,060, ,207, , Added by N.J.S. 40A:4-87:(List on 17a) See listing on Sheet 17a 76, , Total Miscellaneous Revenue Anticipated ,136, ,283, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes , (b) Addition to Local District School Tax Total Amount to be Raised by Taxation , , , ,782, ,358, , ALLOCATION OF CURRENT TAX COLLECTIONS II Debit II Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,330, Amount to be Raised by Taxation Local District School Tax ,935, Regional School Tax Regional High School Tax County Taxes ,918, Due County for Added and Omitted Taxes , Special District Taxes Municipal Open Space Tax , Reserve for Uncollected Taxes , Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) , *Excess Non-Budget Revenue (see footnote) *Deficit Non-Budget Revenue (see footnote) '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 a.bc:rlte allocation would addiv to 'Non Budoet Revenue only. 11,922, ,922, Sheet 17

28 STATEMENT OF GENERAL BUDGET REVENUES 2012 (Continued) Miscellaneous Revenues Anticipated: Added by N.J.S. 40A:4-87 Source Budget Realized Excess or Deficit Waste Water Managerment Grant 5, , Warren County Open Space Grant 71, , Total (Sheet 17) 76, ,()()().()0 - I hereby certify that the above list of Chapter 159 insetions 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 CFOSignature: Sheet 17a

29 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted Budget- Added by N.J.S. 40A: Appropriated for 2012 (Budget Statement Item 9) ,706, , , 782, Appropriated for 2012 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,782, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditnres , 782, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,051, Paid or Charged - Reserve for Uncollected Taxes , Reserved , Total Expenditures Unexpended Balances Canceled (see footnote) ,782, FOOTNOTES - RE: OVEREXPENDITURES: Every appropriation overexpanded 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 rrotal Appropriations and "Overexpenditures must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES- N/A (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2012 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 Sheet18

30 RESULTS OF 2012 OPERATION CURRENT FUND ~ Credit Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2012 Budget Appropriations Miscellaneous Revenue Not Anticipated , MIScellaneous Kevenue Not Antic patea: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of 2011 Appropriation Reserves , Prior Years Interfunds Returned in , Cancellation of Prior Year Reconciling Items Non Budget Revenue Current Taxes Cancellation of Appropriated Grant Reserves 102, Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) Balance January 1, ,960, Balance Decemher 31, ,160, Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Delinquent Tax Collections Required Collection of Current Taxes Interfund Advances Originating in , Senior Citizens and Veterans Deductions Disallowed - Prior Years 1, Refund of Prior Year Revenue Cancellation of Federal and State Grant Receivables 15, Reserve for Pending Tax Appeals 25, Deficit Balance -To Trial Balance (Sheet 3) Surplus Balance- To Surplus (Sheet 21) ,077, ,088, ,088, Sheet 19

31 SCHEDULEOFN.USCELLANEOUSREVENUES NOT ANTICIPATED Source Amount Realized Cable TV Franchise Fee 16, Zoning Board Fees 15, Planning Board Fees 1, Veterans and Seniors Administration Fee 1, Land and Court Rental 3, Other Miscellaneous 3, Statutory Excess in Animal Control Fund 7, Tax Collector Miscellaneous 2, In Lieu of Tax 1, Recycled MetaVScrap 1, FEMA Reimbursements 30, Total Amount of Miscellaneous Revenues NotAnticipated (Sheet 19) 84, Sheet20

32 SURPLUS-CURRENTFUND YEAR2012 ~~ ~ 1. Balance January 1, Excess Resulting from 2012 Operations Amount Appropriated in the 2012 Budget- Cash , :>. Amount Appropnatea m :LUi:.! Budget- With Pnor Wntten Consent of Director of Local Government Services Balance December 31, ,907, ,812, Credit 1,734, ,077, ,812, Cash Investments ANALYSIS OF BALANCE DECEMBER 31, 2012 (FROM CURRENT FUND- TRIAL BALANCE) I 2,493, Sub Total 2,493, Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surnlus Deficit in Cash Surplus Other Assets Pledged to Surplus: * --njuuerrom-s-tate ilfnj"."semor Citizens and Veterans Deduction Deferred Charges # Cash Deficit # , ,907, Total Other Assets *IN THE CASE OF A "DEFICIT IN CASH SURPLUS","OTHER ASSETS Wt1111 n 4.1 ~() Rl= PI 1=nr.;1=n Tn r.dc::::j RII ITit:C! #MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2011 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS ,9Q7,7~4.6(j NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S. 40A: (Roads and Bridges, etc.) and N.J.S. 40A: (Public Exigencies, etc.) to extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet21

33 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis)# ,541, Amount of Levy Special District Taxes Amount Levied for Omitted Taxes under N.J.S.A. 54: et seq Amount Levied for Added Taxes under N.J.S.A. 54: et seq , a. 5b. 5c. Subtotal2012 Levy 11,611, Reductions due to tax appeals** Total2012 Tax Levy ,611, Transferred to Tax Title Liens Transferred to Foreclosed Property Remitted, Abated or Caoceled Discount Allowed Collected in Cash: In In2012 * R.E.A.P. Revenue State's Share of 2012 Senior Citizens aod Veterans Deductions Allowed , , , ,135, , Total to Line II,330, Total Credits 11,369, Amount Outstanding December 31, , Percentage of Cash Collections to Total2012 Levy, (Item 10 divided by Item 5c) is 97.58% Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here D & complete sheet 22a. 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 11,330, ,330, 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, I 1,500,000, or The correct perceotage to be shown as Item 13 is 69.99% and not 70.00%, nor % #Note: On Items 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2012 collections. **Tax Appea]s pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution by the governing body prior to introduction of municipal budget. (NJ.S.A. 40A:4-41) Sheet22

34 ACCELERATED TAX SALE I TAX LEVY SALE-CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2012 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) Total2012 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) Total2012 Tax Levy... Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is.... % Sheet22a Not Applicable

35 SCHEDULE OF DUE FROMffO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2012 Due From State of New Jersey Due To State of New Jersey 2. Sr. Citizens Deductions Per Tax Billings 3. Veterans Deductions Per Tax Billings 4. Sr. Citizens Deductions Allowed By Tax Collector 5. Veterans Deductions Allowed By Tax Collector 18, , , Veterans Deductions Disallowed By Tax Collector 7. Sr. Citizens Deductions Disallowed By Tax Collector 8. Sr. Citizens Deductions Disallowed By Tax Collector- Prior Years 9. Received in Cash from State 10. Sr. Citizens Deductions Allowed By Tax Collector- Prior Years Balance December 31, 2012 Due From State of New Jersey Due To State of New Jersey 3, , , , , , , Calculation of Amount to be included on Sheet 22, Item Senior Citizen and Veterans Deductions Allowed Line2 10, Line3 82, Line Sub-Total 93, Less: Line , To Item 10, Sheet 22 90, Sheet23

36 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:3-27) ~ Debit. ~ Credit Balance January 1, , Taxes Pending Appeals Interest Earned on Taxes Pending Appeals contestea Amount or :.w l:l Taxes couectea wrucn are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals Charge to 2012 Budget Operations 25, Cash Paid to Appelants (Including 5% Interest from Date of Payment) 24, Closea to reswts or uperations (Portion of Appeal won by Municipality, including Interest) 2012 Budget Appropriation Balance December 31,2012 Taxes Pending Appeals* 25, Interest Earned on Taxes Pending Appeals *Includes State Tax Court and County Board of Taxation 49, , Appeals Not Adjusted by December 31, Signature of Tax Collector License# Date Sheet24

37 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2013 MUNICIPAL BUDGET 1. Total uenerat Appropnations tor LU u Mumctpat tsuaget :;tatement Item 8(L) (Exclusive of Reserve for Uncollected Taxes II YEAR201; ~ YEAR Local District School Tax- Regional School District Tax - Actual Estimate** Actual Estimate* Regional High School Tax - Actual School Budget Estimate* County Tax Special District Taxes Municipal Open Space Taxes Actual Estimate* Actual Estimate* Actual Estimate* Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2013 in Municipal Budget (Item 5) Cash Required from 2013 Taxes to Support Local Municipal Budget and Other Taxes Amount of Item 10 Divided by % [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) Regional School District Tax (Amount Shown on Line 3 Above) Regional High School Tax (Amount Shown on Line 4 Above) County Tax (Amount Shown on Line 5 Above) Special District Tax (Amount Shown on Line 6 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above) * May not be stated in an amount less than 'actual' Tax ofyear2012 ** Must be stated in an amount less than proposed budget submitted by the Local Board of Education to the Commissioner ofeducationonjauuary 15,2013 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation. 12. Tax in Local Municipal Budget Total Amount (see Line 11) Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item II, Less Item 10) Com11utation of "Tax in Local Munici!lal Budget" Item 1 - Total General Appropriations Item 12- Appropriation: Reserve for Uncollected Taxes Sub-Total Less: Item 9 -Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget Note: The amount of anticipated reveneues (Item 9) may never exceed the total oflterns I aud 12. Sheet25

38 ACCELERATEDTAXSALE-CHAPTER99 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 PriorY ear % [(2013 Estimated Total Levy Total Levy) /2012 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) 2013 Reserve for Uncollected Taxes Appropriation Calculation (Actual) Subtotal General Appropriations (item S(L) budget sheet 29 Taxes not included in the Budget (AFS 25, items 2 thru 7) Total Less: Anticipated Revenues (item 5, budget sheet 11) Cash Required Total Required at % (items 4+6) Reserve for Uncollected Taxes (item E above) Sheet25a Not Applicable

39 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS I Debit ~ Credit 1. Balance January I, , A. Taxes , B. Tax Title Liens , Canceled: A. Taxes B. Tax Title Liens Transferred to Foreclosed Tax Title Liens: A. Taxes B. Tax Title Liens Added Taxes , Added Tax Title Liens Adjustment between Taxes (Other than Current year) and Tax Title Liens: A. Taxes - Transfers to Tax Title Liens (1) B. Tax Title Liens - Transfers from Taxes (1) Balance Before Cash Payments 318, Totals 319, , Balance Brought Down 318, Collected: 242, 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 577, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by item No.9) is I 76.10%1 r 17. Item No. 14 multiplied by percentage shown above is maximum amount that may be anticipated in I 255,144.06land represents the (See Note A on Sheet 22- Current Taxes) (1) These amounts will always be the same. Sheet26

40 SCHEDULEOFFORECLOSEDPROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) ~ Debit II Credit 1. Balance January I, , Forclosed 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 15. Balance January I, Sales from Foreclosed Property Collected* Balance December 31, , , ,500.0Q_ I Debit II Credit MORTGAGE SALES Debit Credit 20. Balance January I, Sales from Foreclosed Property Collected* Balance December 31, !' Analysis of Sale of Property: *Total Cash Collected in ~~,...,.,.-- ( ) Realized in 2012 Budget To Results of Operation (Sheet 19) Sheet27

41 DEFERRED CHARGES -MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to NJ.S. 40A:4-55, NJ.S. 40A: or NJ.S. 40A: isted on Sheets 29 and 30.) Caused By Amount Dec. 31, 2011 Amount in Amount per Audit 2012 Resulting Report Budget from 2012 Balance as at Dec Emergency Authorization - Municipal* 2. Emergency Authorizations - Schools *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 Puroose Amount JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In favor of On Account of Date Entered Amount Appropriated for in Budget of Year2013 I Sheet28 Not Applicable

42 N.J.S. 40A:4-53 SPECIAL EMERGENCY TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIHCATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICAN DAMAGE. Date Pw:pose Amount Authorized Noti~ss Than 115 of Amount Authorized* Balance REDUCED IN 2012 Balance Dec. 31, 2011 By 2012 Canceled Dec. 31, 2012 Budget by Resolution 7/5/2007 Recodification 13, , , , II Totals 13, , , , 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 *Not less than one-fifth (115) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2012" must be entered here and then raised in the 2013 budget.

43 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 DISTRURBANCES Date Purpose Amount Authorized Notl..ess Than 113 of Amount Authorized* Balance REDUCED IN 2012 Dec. 31, 2011 By2012 Canceled Budget by Resolution Balance Dec. 31,2012 II 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. Chief Financial Officer *Not less than one-third (113) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2012" must be entered here and then raised in the 2013 budget.

44 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS Source Debit Credit 2013 Debt Service Outstanding, January 1, ,795, Issued Paid , Outstanding, December 31, ,675, ,795, ,795, Bond Maturities- General Capital Bonds , Interest on Bonds* , Assessment Serial Bonds Outstanding, January I, Issued Paid Outstanding, December 31, Bond Maturities- Assessment Bonds Interest on Bonds* Total "Interest on Bonds- Debt Service" (*Items) , LIST OF BONDS ISSUED DURING 2012 Purpose Date of 2013 Maturity Amount Issued Issue Interest Rate Total Sheet31

45 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR LOANS Outstanding, January 1, 2012 Issued Paid (COUNTY) (MUNICIPAL) LOAN I Debit I Credit -I Debt Service Outstanding, December 31, Loan Maturities 2013 Interest on Loans Total 2013 Debt Service for Outstanding, January 1, 2012 Issued Paid Loan LOAN Outstanding, December 31, Loan Maturities 2013 Interest on Loans Total2013 Debt Service for Loan 80033:13 LIST OF LOANS ISSUED DURING 2012 Purpose 2013 Maturity Amount Issued vateor Issue Jnterest Rate Total Sheet31a Not Applicable

46 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS II Deb~t Credit ~ 2013 Debt Service Outstanding, January 1, Paid Outstanding, December 31, Bond Maturities - Term Bonds lnterest on Bonds* TYPE I SCHOOL SERIAL BOND Outstanding, January 1, Issued Paid Outstanding, December 31, Interest on Bonds* Bond Maturities - Serial Bonds Total "Interest on Bonds- Type I School Debt Service" (*Items) LIST OF BONDS ISSUED DURING 2012 Purpose 1 :.u u Matunty Amount Issued uateor Issue Interest Rate Total INTEREST REQUIREMENT- CURRENT FUND DEBT ONLY Outstanding Dec. 31, Interest Requirement 1. Emergency Notes 2. Special Emergency Notes 3. Tax Anticipation Notes 4. Interest on Unpaid State and County Taxes :: :: _: ::... Sheet32 Not Applicable

47 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Amount Original Original of Note Amount Date of Outstanding Issued Issue"' Dec. 31,2012 Date of Maturity Rate of Interest 2013 Budget Requirement Interest For Principal For Interest Computed to (Insert Date) I. 2. Tax Appeal Refunding 3,635, /29/2009 1,575, Purchase of Fire Engine 280, /28/ , /23/ % 5/23/ % 519, , / , , /23/2013 Total 3,915, ,855, Memo: Designate all "Capital Notes" Issued under N,J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount Issued annually. Memo: Type 1 School Notes should be separately listed and totaled. Memo: Refunding Bond AntldpaUon 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 2010 or prior require one legally payable lnstallmeot to be budgeted If It Is contemplated that such notes will be renewed In 2013 or written Intent of permanent financing submitted with statement. If Interest on notes Is flnaoced by ordinance, designate same, otherwise an amount must be included in this column. 534, , (Do not crowd add additional sheets)

48 Title or Purpose of Issue DEBT SERVICE FOR ASSESSMENT NOTES Amount Original Original of Note Date Amount Date of Outstanding of Issued Issue* Dec. 31,2012 Maturity 2013 Budget Requirement Rate Interest of For Principal For Interest Computed to Interest (Insert Date) I II Total Memo: *See Sheet 33 for clarification of "Orlglnal Date of Issue" Assessment Notes with an original date of Issue of December 31, 2008 or prior must be appropriated in full in the 2013 Dedicated Assessment Budget or written Intent of permanent financing submitted with statement. **Interest on Assessment Notes must be Included In the Current Fund Budget appropriation "Interest on Notes" (Do not crowd- add additional sheets)

49 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount of Lease Obligation Outstanding Dec. 31, 2012 For Principal 2013 Budget Requirement For Interest/Fees Total (Do not crowd - add additional sheets)

50 TOWNSHIP OF WHITE GENERAL CAPITAL FUND SCHEDULE OF IMPROVEMENT AUTHORIZATIONS Improvement Description Number Ordinance Balance Dec. 31, 2011 Paid or Amouot Funded Unfunded Charged Balance Dec. 31,2012 Canceled Fuoded Unfunded Road Improvements , , , , Tax Appeal Refunding ,635, , , Acquisition of Aerial Fire Truck , , , Pequest Drive/Orchard Drive Paving Project , , , :/:l I'D =- Muoicipal Building Improvements ~ em Ul Castners Road Road Improvements , , , , , , , Tamarack Road Road Improvements , , , Free Union Road Road Improvements , , , Road Department - Stainless Steel Spreader , , , Road Repairs- Buckhorn Drive , , , , , , , , , , Capital Improvement Fuod Deferred Charges to Future Taxation - Unfunded 283, , ,179.72

51 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Balance January 1, , Received from 2012 Budget Appropriation * , Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) , Reserve for Preliminary Expenses Cancelled 1, I Debit II Credit List by Improvements-Direct Charges Made for Preliminary Costs: Reserve for Preliminary Expenses: Renovations to Municipal Building New Municipal Building Appropriated to Finance Improvement Authorizations Balance December 31, , , , *The full amount of the 2012 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet36

52 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENT ON IMPROVEMENTS Debit Balance January I, x Received from 2012 Budget Appropriation * x Received from 2012 Emergency Appropriation * x I Credit Appropriated to Finance Improvement Authorizations Balance December 31, x x x The full amount of the 2012 approprtation should be transferred to this account unless the balance of the approprtation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2012 AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY Purpose Total Down Payment Amount Obligations Provided by Appropriated Authorized Ordinance Amount or yown Payment in Budget of 2012 or Prior Years Total NOTE -Where amount in column "Down Payment Provided by Ordinance" in LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet. Capital Improvement Fund Sheet37 Not Applicable

53 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR-2012 II Debit ~ Credit Balance January I, x 305, Premium on Sale of Bonds Various Reserves Canceled x x Improvement Authorizations Cancelled Appropriated to Finance Improvement Authorizations Appropriated to 2012 Budget Revenue Balance December 31, , , x x x 305, BONDS ISSUED WITH A COVENANT OR COVENANTS NOT APPUCABLE I. Amount of Serial Bonds Issued Under Provisions of Chapter 233, P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L or Chapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants; Outstanding December 31, Amount of Cash in Special Trust Fund as of December 31,2012 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in Amount of Interest on Bonds with a Covenant Requirement 5. Total of 3 and 4 - Gross Appropriation 6. Less Amount of Special Trust Fund to be Used 7. Net Appropriation Required NOTE A- This amount to be supported by confirmation from bank or banks Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto. Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount ofltem 7 extended into the 2012 appropriation column. Sheet38

54 MUNICIPALITIES ONLY IMPORTANT! This Sheet Must Be Completely Filled in or the Statement Will be Considered Incomplete (N.J.S.A. 52:27BB-55 as Amended by Cbap. 211 P.L. 1981) A. 1. Total Tax Levy for the Year 2012 was 11,611, Amount of Item 1 Collected in 2012 (*) 11,330, Seventy (70) percent ofltem 1 \ 8,127, (*) Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year2012? Answer YES or NO YES 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2012? Answer YES or NO YES If answer is "NO" give details NOTE: H answer to item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2013 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? Answer YES or NO: NO D. 1. Cash Deficit 2011 None 2. 4% of 2011 Tax Levy for all purposes: Levy-- = 3. Cash deficit % of 2012 Tax Levy for all purposes: Levy-- = E. Unpaid Total 1. State Taxes 2. County Taxes 23, , Amounts due Special Districts 4. Amounts due Districts for Local School Tax 347, , Sheet39

55 SHEETS 40 to 68, INCLUSIVE, PERTAIN TO UTILITIES ONLY NOTE: If no "utility fund" existed on the books of account and if no utility was owned and operated by the municipality during the year 2012, please observe instructions on Sheet 2. Sheet40

56 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manuer as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE- WATER UTILITY FUND AS AT DECEMBER 31, 2012 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" Title of Account II Debit Credit (Do not crowd - add additional sheets) Sheet 41 Not Applicable

57 POST CLOSING TRIAL BALANCE - UTILITY ASSESSMENT TRUST FUNDS IF MORE THAN ONE UTILITY EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED AS AT DECEMBER 31, 2012 Title of Account Debit Credit (Do not crowd- add additional sheets) Sheet42 Not Applicable

58 Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues: ANALYSIS OF WATER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit Balance Assessments Operating Dec. 31, 2011 and Liens Budget RECEIPTS xxx xxx xxx xxx xxx xxx Balance Disbursements Dec. 31,2012 xxx xxx Assessment Bond Antic_iR~tion Note Issues: xxx xxx xxx xxx xxx xxx xxx xxx Other Liabilities Trust Surplus Less Assets "Unfinanced" xxx xxx xxx xxx xxx xxx xxx xxx

59 SCHEDULE OF WATER UTILITY BUDGET BUDGET REVENUES Source I Budget II Realized I Excess or Deficit* Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government Services Rents Fire Hydrant Service Miscellaneous Added by N.J.S. 40A:4-87: (List) Subtotal Deficit (General Budget) ** **Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree with amounts shown for such items on Sheet 45. STATEMENT OF BUDGET APPROPRIATIONS Appropriations: Adopted Budget Added by N.J.S. 40A:4-87 Emergency Total Appropriations Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures Deduct Expenditures: Paid or Charged Reserved Surplus (General Budget) ** Total Expenditures Unexpended Balances Canceled (see footnote) FOOTNOTES - RE: OVEREXPENDITURES: Every appropriation overexpanded 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 rrotal Appropriations" and "Overexpenditures must equal the sum of "Total Expenditures" and unexpended Balances Canceled. Sheet44 Not Applicable

60 STATEMENT OF 2012 OPERATION WATER UTILITY NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2012 Water Utility Budget contained either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General Budget)" Section 2 should be filled out in every case. SECTIONl: Revenue Realized: xxxxxx Budget Revenue (Not Including "Deficit" (General Budget)") Miscellaneous Revenue Not Anticipated 2011 Appropriation Reserves Canceled * Total Revenue Realized Expenditures: Appropriations (Not Including "Surplus (General Budget)") xxxxxx xxxxxx Paid or Charged Reserved Expended Without Appropriation Cash Refund of Prior Year's Revenue Overexpenditure of Appropriation Reserves Total Expenditures Less: Deferred Charges Included In Above "Total Expenditures" Total Expenditures - As Adjusted Excess Budget Appropriation- Surplus (General Budget) ** Balance of "Results of 2012 Operation" Remainder= ("Excess in Operations'' - Sheet 46) Deficit Anticipated Revenue- Deficit (General Budget) ** Balance of "Results of 2012 Operation" Remainder= _("Operating Deficit- to Trial Balance" - Sheet 46) SECTION2: The following Item of "2011 Appropriation Reserves Canceled in 2012" Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from thegeneral Budget of 2011 for an Anticipated Deficit in the Water Utility for 2011: 2011 Appropriation Reserves Canceled in 2012 Less: * Excess (Revenue Realized) Anticipated Deficit in 2011 Budget- Amount Received and Due from Current Fund - If non. enter "None" ** Items must be shown in same amount on Sheet 44. Sheet45 Not Applicable

61 RESULTS OF 2012 OPERATIONS- WATER UTILITY Debit Credit Excess in Anticipated Revenues Unexpended Balances of Appropriations Miscellaneous Revenue Not Anticipated Unexpended Balances of 2011 Appropriation Reserves * Deficit in Anticipated revenue Operating Deficit - to Trial Balance Excess in Operations - to Operating Surplus * See restriction in amount on Sheet 45, SECTION 2 OPERATING SURPLUS- WATER UTILITY Debit Credit Balance January 1, 2012 Excess Resulting from 2012 Operations Amount Appropriated in the 2012 Budget- Cash Amount Appropriated in 2012 Budget- with Prior Written Consent of Director of Local Government Services Balance December 31, 2012 ANALYSIS OF BALANCE DECEMBER 31, 2012 (FROM WATER UTILITY- TRIAL BALANCE) Cash Investments Interfund Accounts Receivable Sub Total Deduct Cash Liabilities Marked with "C" on Trial Balance Operating Surplus Cash or (Deficit in Operating Surplus Cash) *Other Assets Pledged to Surplus Deferred Charges # Operating Deficit # Total Other Assets #MAY NOT BE ANTICIPATED AS NON_ CASH SURPLUS IN 2013 BUDGET *In the case of a "Deficit in Operating Surplus Cash", "other Assets would be also pledged to cash liabilities. Sheet46 Not Applicable

62 SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE Balance December 31,2011 Increased by: Water Rents Levied Decreased by: Collections Overpayments Applied Transfer to Water Liens Other Balance December 31, 2012 SCHEDULE OF WATER UTILITY LIENS Balance December 31, 2011 Increased by: Transfers from Accounts Receivable Penalties and Costs Other Decreased by: Collections Other Balance December 31, 2012 Sheet47 Not Applicable

63 DEFERRED CHARGES -MANDATORY CHARGES ONLY WATER UTILITY FUND (Do not include the emergency authorizations pursuant to N..J.S. 40A:4-55, listed on Sheet 29) Caused By Amount Dec. 31,2011 Amount in Amount per Audit 2012 Resulting Report Budget from 2012 Balance as at Dec Emergency Authorization - * *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WlllCH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 or N.J.S. 40A:2-51 Date Puroose Amount JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In favor of On Account of Date Entered Amount Appropriated for in Budget of Year _ Sheet48 Not Applicable

64 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR BONDS WATER UTILITY ASSESSMENT BONDS Debit Credit 2013 Debt Service Outstanding, January I, 2012 Issued Paid Outstanding, December 31, Bond Maturities - Assessment Bonds 2013 Interest on Bonds* Outstanding, January I, 2012 Issued Paid WATER UTILITY CAPITAL BONDS Outstanding, December 31, Bond Maturities- Capital Bonds 2013 Interest on Bonds * I INTEREST ON BONDS -WATER UTILITY BUDGET 2013 Interest on Bonds (*Items) Less: Interest Accrued to 12/31/2012 (Trial Balance) Subtotal Add: Interest to be Accrued as of 12/31/2013 Required Appropriation 2013 LIST OF BONDS ISSUED DURING 2012 Pnrpose 2013 Maturity Amount Issued uateor Issue rn~erest Rate Sheet49 Not Applicable

65 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR LOANS Outstanding, January 1, 2012 Issued WATER UTILITY LOAN I Debit I Credit I 2013 Debt Service Paid Outstanding, December 31, Loan Maturities 2013 Interest on Loans * WATER UTILITY Outstanding, January 1, 2012 Issued Paid LOAN Outstanding, December 31, Loan Maturities 2013 Interest on Loans * 1 - INTEREST ON LOANS -WATER UTILITY BUDGET 2013 Interest on Loans (*Items) Less: Interest Accrued to 12/31/2012 (Trial Balance) Subtotal Add: Interest to be Accrued as of 12/31/2013 Required Appropriation 2013 LIST OF LOANS ISSUED DURING 2012 Purpose 2013 Maturity Amount Issued Sheet49a Not Applicable

66 DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES) Title or Purpose of Issue Amount Original Original of Note Amount Date of Outstanding Issued Issue* Dec. 31, 2012 Date Rate 2013 Budget Requirement of of For Principal For Interest Maturity Interest * * Important: It" there is more than one utility in the municipality, identify each note. Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C', Such notes must be retired at the rate of 20% of the original amount issued annually. * See Sheet 33 for clarification of "Original Date of Issue". All notes with an original dnte of issue of 2010 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2013 or written intent of permanent rmancing submitted with statement. ** If interest on notes is rmanced by ordinance, designate same, otherwise an amount must be included in this column. INTEREST ON NOTES WATER UTILITY BUDGET 2013 Interest on Notes Less: Interest Accrued to (Trial Balance) Subtotal Add: Interest to be Accrued as of 12/31/2013 Required Appropriation (Dn not crowd- add additional sheets)

67 DEBT SERVICE FOR UTILITY ASSESSMENT NOTES Title or Purpose of Issue Original Amount Issued Amount Original of Note Date Date of Outstanding of Issue* Dec. 31,2012 Maturity Rate of Interest 2013 Budget Requirement lnterest For Principal For lnterest Computed to ** (lnsert Date) Important: If there is more than one utility m the mumclpality, identify each note. Memo: see Sheet 33 for clarification of"original Date of Issue". Utility Assessment Notes with an original date of issue of December 31,2008 or prior must be appropriated in fuu in the 2013 Dedicated Utility Assessment Budget or written intent of permanent financing submitted. Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes", (Do not crowd- add additional sheets)

68 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount of Lease Obligation Outstanding 2012 For Principal 2013 Budget Requirement For Interest/Fees Total (Do not crowd add additional sheets)

69 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND) IMPROVEMENTS Balance- January I, 2012 Balance- December 31, Authorizations Specify each authorization by purpose. Do not merely designate by a code number. Funded Unfunded Authorizations Expended Canceled Funded Unfunded Total Place an * before each 1tem of " Improvement' wh1ch represents a fundmg or refundmg of an emergency authonzatlon.

70 WATER UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Debit Credit Balance January 1, 2012 Received from 2012 Budget Appropriation * Improvement Authorizations Canceled (fmanced in whole by the Capital Improvement Fund) List by Improvements-Direct Charges Made for Preliminary Costs: Appropriated to Finance Improvement Aulhorizations Balance December 31, 2012 WATER UTILITY CAPITAL FUND SCHEDULEOFDOWNPAYMENTONUMPROVEMENTS r-~~- Credit Balance January 1, 2012 Received from 2012 Budget Appropriation * Received from 2012 Emergency Appropriation * xxxxxx:xx xxxxxx:xx xxxxxx:xx Appropriated to Finance Improvement Aulhorizations Balance December 31, 2012 xxxxxx:xx xxxxxx:xx xxxxxx:xx The full amount of the 2012 appropriation should be transferred to this account unless the balance of the appropriation is pennitted to lapse. Sheet 53 Not Applicable

71 UTILITY FUND CAPITAL IMPROVEMENTS AUTHORIZED IN 2012 AND DOWN PAYMENTS (N.J.S. 40A:2-11) UTILITIES ONLY Purpose Total Down Payment Amount Obligations Provided by Appropriated Authorized Ordinance A1llounr or uown Payment in Budget of 2012 or Prior Years Total WATER UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR-2012 II Debit - - ~ Credit Balance January I, 2012 Premium on Bond Sale And Note Sale Funded Improvement Authorizations Canceled x x x Appropriated to Finance Improvement Authorizations Appropriated to 2012 Budget Revenue Balance December 31,2012 x x x Sheet 54 Not Applicable

72 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE SEWER UTILITY FUND AS ATDECEMBER31, 2012 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" Title of Account II Debit Credit Sewer Utilij:y 011erating Fund: Cash Due from Sewer Utility Capital Fund Sewer Rents Receivable 321, , Appropriation Reserve: Unencumbered 42, , "C" Reserve for Receivables Fund Balance 34, , , , (Do not crowd- add additional sheets) Sheet 55

73 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE SEWER UTILITY FUND AS AT DECEMBER 31,2012 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" Title of Account II Debit Credit Sewer Utilitv Cagital Fund: Cash 120, Due to Sewer Utility Operating Fund Capital Improvement Fund , , , (Do not crowd- add additional sheets) Sheet55a

74 POST CLOSING TRIAL BALANCE - UTILITY ASSESSMENT TRUST FUNDS IF MORE THAN ONE UTILITY EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED AS AT DECEMBER 31, 2012 Title of Account II Debit Credit (Do not crowd - add additional sheets) Sheet 56 Not Applicable

75 Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues: ANALYSIS OF SEWER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit Balance Assessments Operating Dec. 31,2011 and Liens Budget RECEIPTS xxx xxx xxx xxx xxx xxx Balance Disbursements Dec. 31,2012 xxx xxx Assessment Bond Anticipation Note Issues: xxx xxx xxx xxx xxx xxx xxx xxx Other Liabilities Trust Surplus Less Assets "Unfinanced" xxx xxx xxx xxx xxx xxx xxx xxx