ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2012 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2012 (UNAUDITED) POPULATION LAST CENSUS NET V ALUA TION TAXABLE 2012 MUNICODE -'.1-'14,"-56"'7..::2""8..;.48""0.:..7:.;:2,,,,6,,,0=-2 ::.0=-24:.::8'-- FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2013 MUNICIPALITIES - FEBRUARY 10,2013 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH of RAMSEY, 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 certit)' that the debt shown on Sheets 31 to 34a, 49 to 5 I a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed ajl~ ~r::;h; Signatuf' <l~_c::...-- Title (This must be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER: I hereby certit)' that I am responsible for filing this verified Annual Financial Statement, (xxxxxxxxxxxxx) or (which I have not prepared) [xxxxxxxxx] 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 certit)' that I,, am the Chief Financial Officer, License # N-0803,of the Borough of Ramsey, 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, 2012, completely in compliance with NJ.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 33 North Central Avenue Ramsey, NJ Phone Number (201) x.239 Fax Number (201) Address DBartalotta(iilRamsevNJ.com IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS Al\1NUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATION~ AND ASSERTIONS MADE HEREIN. Sheet I

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 Chief Financial Officer of the Borough of Ramsey as of December 31,20 12 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, (xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx) or (no matters) [xxxxxxxxxx] came to my attention that caused me to believe that the Annual Financial Statement for the year ended 12/31/2012 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 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 ofthe municipality/county, taken as a whole. Listing of agreed-upon procedures not performed and/or matters coming to my attention of which the Director should be informed: ~ ~,i Certified by me ~ This~dayof ~, h~/~~j,2013,,-,_. ",.",.,,;,.~; ;-;;::,-~,,,~-..,,,,g,,,.";; ",..."!i:">,~~, r-r"j, P ~. Ii':: c::~,,~;j;f~illl Plame);:,4,CCou':f?~nta _""""_''''~'''~~'''''''''''-,,,,,,,,w>,,,=,~,,,,~~""""'" Dl\"~;;~:on nnd Poute 17 S, E1GX 3132 C"(i\%li'eiiS) N,,J 070 ) '" QAiLlS~-,- ;::'-,,- 0]0) < (Address) Z;,) I,0, 3. :3, S,S8' (Phone Number) 2-bi,C;3~02Z. ( (Fax Number) Sheet 1a

3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has compiled with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2012 as required undernj.a.c.5: Printed Name: Signature: Certificate #: Date: Sheet I b

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 I. 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 I a 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 "CAP" wavier. 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.1.A.C. 5: Municipality: Chief Financial Officer: Signature: Certificate #: Date: CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet item(s) # of the criteria above and therefore does not qualify for local examination of its Budget in accordance with N.1.A.C Municipality: Chief Financial Officer: Signature: Certificate #: Date: Sheet Ie

5 Fed J.D. # Ramsey Municipality Bergen County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: 12/ (1) (2) (3) Federal Programs Expended (administered by the State) State Programs Expended Other Federal Programs Expended TOTAL 406, , _--- Type of Audit required by OMB A-l33 and OMB 04-04: Single Audit Program Specific Audit X Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book) Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB A-l33 (Revised 6/27/03) and OMB The single audit threshold has been increased to 500,000 beginning with fiscal year ending 12/31/03. Expenditures are defined in Section 205 ofomb A-133. (I) Report expenditures from federal pass-through programs received directly from state governments. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than s~ate governments. Signature Of Chief Financial Officer Sheet Id Date

6 IMPORTANT! READ INSTRUCTIONS INSTRUCTION The following certification is to be used ONLY in the event there is NO municipality operated utility. CERTIFICATION I hereby certify that there was no "water utility fund" on the books of account and there was no water utility owned and operated by the Borough of ~R~a~m=s~e~y County of Bergen during the year 2012 and that sheets 41 to 54 are unnecessary. There is however, a swim pool utility and a water/sewer utility operated by the municipality on sheets 55 to 84. I have therefore removed from this statement the Shee~t utility. Nme~': ~ Title 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. ~f'la- (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 1,2012 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 MUN[CIP ALITY COUNTY Sheet 2

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT December 31, 2012 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" ~ Taxes Receivable Must Be Subtotaled Title of Account I Debit ~ Cash 8,223, Investments Change Fund Subtotal 8,224, Receivables with Full Reserves: Property Taxes 710, Tax Title Liens 91, Foreclosed Property 122, Revenue Receivable 8, Due from Other Trust Fund 174, Due from Water Operating Fund 151, Due from Swim Pool Capital Fund 10, Due from Swim Pool Operating Fund Due from Library 148, Misc. Receivable 2,67 l.l 5 1,420, Deposit - IRC Section 125 Plan 20, Totals 9,664, (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 Subtotalec Title of Account I Debit Credit Appropriation Reserves 1,852, Reserve for Encumbrances 791, Reserve for Encumbrances - Equipment Due to State of New Jersey- Seniors and Vets 1, Prepaid Taxes 325, Prepaid Revenues 15, Reserve for Drainage Study 84, Security Deposits Accounts Payable 19, County Taxes Payable 16, Tax Overpayments 5, Reserve for Tax Appeals Pending 305, Outside TTL Payable 38, Due to Trust - Animal Control Fund 15, Due Federal and State Grant Fund 440, Due to State of New Jersey: Construction Code Surcharge 6, Human Service Fees Reserve for Road Opening Deposits 3, Reserve for Security Deposits 40, Reserve For BAN Premiums 53, Reserve for Tax Sale Premiums 1, ,018,404,25 "et! Reserve for Receivables 1,420, Fund Balance 4,226, Totals 9,664,791.58,--9,664, (Do not crowd - add additional sheets) Sheet 3a

9 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts # 1 and #2 * AS AT December 31,2012 Title of Account I Debit Credit Cash - Trust Fund I - Due from Client Reserve for Public Assistance: Trust Fund I (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

10 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT December 31,2012 I I Title of Account. Debit Credit State and Federal aid Receivable 39, Due from Current Fund 440, Unappropriated Reserve 58, Appropriated Reserve 343, Due to General Trust Fund 78, , , I (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 ""'""ooo~ I "'";0-- O<illo Animal Control Fund: Cash 57, Due from Current Fund 15, Due from State of New Jersey Reserve for Animal Control 72, , , Other Trust Funds: Cash 3,340, Due from Grant Fund 78, Miscellaneous Receivable Due to Current Fund 174, Police Extra Duty Reserve 73, Reserves and Other Deposits 3,165, Due to the State of New Jersey - Public Defender 6, ,419, ,419,' (Do not crowd - add additional sheets) Sheet 6

12 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1997, C. 256 Municipal Public Defender Expended Prior Year 2011: (1) (2) 5, x 25% 1, Municipal Public Defender Trust Cash Balance December 31,2012: (3) 7, 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. 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 1997, C Chief Financial Officer: Signature: Certificate #: Date: Sheet 6a

13 Schedule of Trust Fund Reserves Amount Dec. 31, 2011 Balance per Audit as at Purpose Report Receipts Disbursements Dec Various Deposits 9, , Traffic Study 15, , J. " Special Reserves 3, , Tennis Facilities 10, , Unemployment 52, , , , Shade Tree 165, , Fire Prevention 16, , Retirement 1,087, , , ,034, " 9. Recycling 375, , , , COAH 1,571, , , , Fine Arts 4, , Public Defender 4, , , Recreation 8, , , , Planning Board 421, , , , Parking Adj. 1, Unallocated 2, , Drug Alliance 17, ,5::) , Tax Sale Premium 176, , , , ,). Film Security Deposits 2, , Totals: 3,946, , ,513, ,165, Sheet 6b

14 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Disbursements Balance and Investments are Pledged Dec. 31,2011 and Liens Budget Dec. 31, 2012 Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX f ~ Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX Other Liabilities Trust Surplus *Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX *Show as a red figure Sheet 7

15 ~~~-- POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT December 31, ~-~-- Title of Account I Debit Est. Proceeds Bonds and Notes Authorized 1,235, Credit Bonds and Notes Authorized but Not Issued 1,235, Cash 1,458, Deferred Charges to Future Taxation: Funded Unfunded State and Federal Grants Receivable: Transportation Trust Bergen County Grant Receivable Notes Payable Encumbrance Payable Improvement Authorizations: Funded Unfunded Capital Improvement Fund Downpayments Reserve to Pay BANs Reserve for Special Purpose Reserve for Drainage Study Due to Water/Sewer Fund 6,941, , ,706, , , ,602, , , , , ,988, ,988, (Do not crowd - add additional sheets) Sheet 8

16 CASH RECONCILIATION DECEMBER 31,2012. Less Checks Cash Book 'On Hand un ue OSlt Outstanding Balance Current 567, ,741, , ,223, Trust - Assessment - Trust - Dog License 57, , Trust - Other ,385, , ,340, Capital - General 31, ,427, ,458, Water/Sewer - Operating ,110, , , Water/Sewer - Capital Public Assistance** Swim Pool - Operating 83, , , Swim Pool - Capita. 1, , Total 600, ,806, , ,257, * - Include Deposits In Transit ** - Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains such a bank account REQUIRED CERTIFICATION I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, ceruicates, 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 31,2012 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 I or I(a). Signature: Sheet 9

17 CASH RECONCILIATION DECEMBER 31,2012 (cont'd. LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" TD Bank: Current Fund 7,741, Current Fund Investment - Public Assistance Trust #1 - Public Assistance Trust #2 - COAH Trust 800, Recycling Trust 262, Unemployment Trust 80, General Trust 1,271, General Trust Investment 502, General Trust Escrow 525, General Capital Fund 1,427, Swimming Pool Operating Fund 83, Swimming Pool Capital Fund 1, Water/Sewer Operating Fund 2, II 0, ,806, , 14,806, Note: Sections N.l.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

18 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Grant I Balance January 1, Budget Revenue Realized 0 Cancelled D Balance December 31,2012 Drug Alliance 17, , , , Alcohol Rehabilitation 2, , Recycling Tonnage Grant - Clean Communities 22, , ~ [ <5 Drunk Driving Enforcement Fund NJ Body Armor 6, , , Bergen County Clean-up Grant Assoc ofn] Environmental Resource Inventory 7, Buffer Zone Protection 8, EMMA 5, , , , Totals 17, , , Sheet 10 39,842.40

19 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2012 Balance Budget Ap ropriations Due from Grant ; January 1,2012 Budget Appropriation Trust Fund By 40A:4-87 EI:J Cancel Prior Balance Encumbrance December 31, 2012 Green Communities - Match Assoc. ofnj Envir. Comm. - Envir. Res. Illv. Drunk Driving Enforcement Fund Clean Communities Alcohol Rehabilitation & Education Drug Alliance 3, , , , , , , , , , , , , , , , , , , , , , NJ Nonpublic Nursing Services Drunk Driver Prevention NJ DOC Body Armor US DOJ Body Armor Recycling Tonnage PD 200 Club Storm Water Management FEMA Bergen County Cleanup Grant Buffer Zone Protection Grant EMMA 56, , ,056.00' 2, , , , , , , , , , , , Sheet 11 56, , , , , , , , ,070.59

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Grant I 'rumoo. December 31, 20 II Budget Appropriations Expended Cancel Budget Appropriation By40A:4-87 Cancel Prior Balance Encumbrance December 31,2012 go a.. Totals Sheet Ila

21 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant I Transferred from 2012 Balance Budget Appropriations Received Canceled January 1,2012 Budget Appropriation By 40A:4-87 Balance December 31, 2012 Alcohol Rehabilitation and Education 3, , Clean Communities 30, , , Recycling Tonnage 45, , , , Office of Emergency Management - - NJ DOC Body Armor 3, , , , US DOJ Body Armor - - ~ [ N COPS in Shop - - FEMA 5, , NJ Nonpublic Nursing Services - - Over the Limit - - Drunk Driving Enforcement Fund 6, , Drunk Driver Prevention Club 2, , Totals 97, , , , , Sheet 12

22 *LOCAL DISTRICT SCHOOL TAX II Debit II Credit Balance January 1,2012 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, June 30, 2013 Levy Calendar Year 2012 Paid Balance December 31, 2012 School Tax Payable # School Tax Deferred (Not in excess of50% of Levy ) * Not including Ty'Pe 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local schools # Must include unpaid requisitions 49,779, ,779, ,779, ,779, MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy Interest Earned Expenditures Balance December 31, Sheet 13

23 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) II Debit /I Credit Balance January 1, 2012 School Tax Payable # School Tax Deferred (Not in excess of50% of Levy ) Levy School Year July 1, June 30, 2013 Levy Calendar Year Paid Balance December 31, 2012 School Tax Payable # School Tax Deferred (Not in excess of50% of Levy ) # Must include unpaid requisitions REGIONAL HIGH SCHOOL TAX II Debit -II Credit Balance January 1,2012 School Tax Payable # School Tax Deferred (Not in excess of50% of Levy ) Levy School Year July 1, June 30, 2013 Levy Calendar Year Paid xxxxxxxx Balance December 31, 2012 School Tax Payable # School Tax Deferred (Not in excess of50% of Levy ) # Must include unpaid requisitions Sheet 14

24 COUNTY TAXES PAYABLE II Debit II Credit Balance January 1, 2012 County Taxes , Due County for Added and Omitted Taxes Levy: General County ,630, County Library County Health County Open Space Preservation 88, Due County for Added and Omitted Taxes , Paid 7,742, Balance December 31, 2012 County Taxes Due County for Added and Omitted Taxes 16, ,759, ,759, SPECIAL DISTRICT TAXES II Debit II Credit Balance January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage Open Space xxxxxxxx xxxxxxxx Total Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance Sheet 15

25 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Balance January 1,2012 State Library Aid Received XX XX Expended XX Balance December 31, RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1,2012 State Library Aid Received XX XX Expended XX Balance December 31, RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:54-35) Balance January 1,2012 State Library Aid Received XX XX Expended XX Balance December 31, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1,2012 State Library Aid Received XX XX Exoended XX Balance December 31, Sheet 16

26 STATEMENT OF GENERAL BUDGET REVENUES 2012 Source II Budget Realized Excess or Deficit* Surplus Anticipated ,050, ,050, Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: X Adopted Budget 3,947, ,023, , Added by NJ.S. 40A:4-87: (Li,.( on 17a) 45, , II I Total Miscellaneous Revenue Anticir:ated ,992, ,068, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: xxx xxx xxx (a) Local Tax for Municipal Purposes ,064, X (b) Addition to Local District S,hool Tax X (c) Minimum Library Tax 1,170, X Total Amount to be Raised by Taxation ,235, ,930, , ,752, ,724, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Totel ofltem 10 or 14 on Sheet 22) ,946, Amount to be Raised by Taxation X Local District School Tax RepionalSchoolTa~ Repiona1 Hiph School Tax County Taxes Due County for Added and Omitted Taxes Soecial District Taxes Municipal Open Space Tax Reserve for Uncollected Taxes Deficit in Reauired Collection of Current Taxes (or) Balance for SunnOr! of Municinal Bujpet (or) ,779, X X X 7,719, X 16, X X X 1,500, ,930, X *Excess Non-Budget Revenue (see fcotnote) *Deficit Non-Budget Revenue (see fcotnote) X * These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non~Budget Revenue" only. 74,446, ,446, Sheet 17

27 STATEMENT OF GENERAL BUDGET REVENUES 2012 (Continued) MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87 Source II Budget II Realized I Excess or Deficit Total (Sheet 17) Sheet 17a

28 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted Budget - Added by NJ.S. 40A: Appropriated for 2012 (Budget Statement Item 9) ,707, , ,752, Appropriated for 2012 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,752, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,752, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,364, Paid or Charged - Reserve for Uncollected Taxes ,500, Reserved ,852, Total Expenditures Unexpended Balances Canceled (see footnote) ,716, , FOOTNOTES - RE: OVEREXPENDITURES Every appropriation 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) 2012 Authorizations NJ.S. 40A:4-46 (After adoption of Budget) NJ.S. 40A:4-20 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

29 RESULTS OF 2012 OPERATION CURRENT FUND II Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of2012 Budget Appropriations , Miscellaneous Revenue Not Anticipated , Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of2011 Appropriation Reserves ,207, Prior Years Interfunds Returned in , Cancelled Outstanding Checks Cancel Tax Overpayments 0.93 Canceled FEMA Grant 5, Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) Balance January 1, Balance December 31, Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Delinquent Tax Collections Required Collection of Current Taxes Interfund Advances Originating in , Mise Operations Charge 8, Prior Year Sen & Vets Disallowed 2, Refund of Tax Appeals Bank Service Charges Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) ,013, ,324, ,324, Sheet 19

30 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source I Amount Realized Bid Specs 1, Photocopies, Duplicate Bills Insurance DividendslReimbursements 20, Lawson Restitution DPW Inspection Fines Senior & Vet Administration Fees 2, Ramsey Day Contributions/Centenial 28, Ramsey Day Camp 52, Taste of Ramsey Snow Plow Reimbursements 5, Recycling Pails Interest on Investments 12, Misc Permits Miscellaneous 18, Police Found Money Unclaimed Bail NSF Check Fees Blue CrosslBlue Shield Rebate 408, Ramsey Day Contributions - Booth 3, Pmt in Lieu of Taxes 53, Other Reimbursements Municipal Charges 17, FEMA- Hurricane Irene 59, FEMA- October Snowstorm 170, Public Assistance Close of Accounts 26, Homestead Rebate Admin Fee Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 886, Sheet 20

31 SURPLUS-CURRENTFUND YEAR 2012 Debitlf Credit 1. Balance January 1, ,262, Excess Resulting from 2012 Operations Amount Appropriated in the 2012 Budget - Cash ,050, Amount Appropriated in the 2012 Budget - with Prior Written Consent of Director of Local Government Services Balance December 31, ,226, ,276, ,013, ,276, ANALYSIS OF BALANCE DECEMBER 31,2012 (FROM CURRENT FUND - TRIAL BALANCE) Cash Investments ,224, Sub Total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus Deficit in Cash Surplus Other Assets Pledged to Surplus: * (I) Due from State cofnj. Senior Citizens and Veterans Deduction ,224, ,018, ,205, Deferred Charges # Cash Deficit # Cafeteria Plan 20, Total Other Assets , * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2012 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS ,226, NOTE: Deferred charges for authoriz1ltions under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S. 40A:4-55.! (Roads and Bridges, etc.),md N.J,S. 40A:4-55.I3 (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

32 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY I. Amount of Levy as per Duplicate (Analysis) # ,736, or (Abstract of Ratables) Amount of Levy Special District Taxes Amount Levied for Omitted Taxes under N.J.S.A. 54: et. seq Amount Levied for Added Taxes under , N.J.S.A. 54: et. seq. 4a. 6% Penalty 25, a. Subtotal 2012 Levy 73,923, b. Reductions due to tax appeals ** 5c. Total 2012 Tax Levy ,923, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2012 * ,467, R.E.A.P. Revenue State's Share of2012 Senior Citizens and Veterans Deductions Allowed , Total to Line ,946, II. Total Credits 73,212, Amount Outstanding December 31, , Percentage of Cash Collections to Total 2012 Levy, (Item 10 divided by Item 5c) is 98.68% 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 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 72,946, _ ,946, 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 1,049,977.50/ 1,500,000 or The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor % # Note: On Item I if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of collections. ** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body prior to introduction of municipal budget. Sheet 22

33 ACCELERATED TAX SALE / 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) Total 2012 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 2012 Tax Levy... Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is _% Sheet 22a

34 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit I. 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 6. State ofnj Audit Receipts from Taxpayers 7. Sr. Citizens Deductions/ Veterans Disallowed By Tax Collector 8. Sr. Citizens Deductions Disallowed By Tax Collector 2011 Taxes 9. Received in Cash from State , , , , , , , Balance December 31, 2012 Due From State of New Jersey Due To State of New Jersey 1, , , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 11, Line 3 95, Line 4 & 5 1, Sub-Total 108, Less: Line 7.1, To Item 10, Sheet , Sheet 23

35 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27) II Debit II Credit Balance January 1, , Taxes Pending Appeals 247, Interest Earned on Taxes Pending Appeals Contested Amount of2011 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals Increased by 2012 Appropriation Transferred 200, Cash Paid to Appelants (Including 5% Interest from Date of Payment) 141, Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Balance December 31, 2012 Taxes Pending Appeals' 305, , Interest Earned on Taxes Pending Appeals Includes State Tax Court and County Board of Taxation '-----_447, , Appeals Not Adjusted by December 31,2012 Signature of Tax Collector License # Date Sheet 24

36 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 % [(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) _ Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. Subtotal General Appropriations (item8(l) budget sheet 29) 2. Taxes not Included in the budget (AFS 25, items 2 thru 7) Total 3. Less: Anticipated Revenues (item 5, budget sheet 11) 4. Cash Required 5. Total Required at % (items 4+6) 6. Reserve for Uncollected Taxes (item E above) Sheet 25a

37 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS II Debit Credit 1. Balance January 1, , A. Taxes , B. Tax Title Liens , Canceled: A. Taxes , B. Tax Title Liens Transferred to Foreclosed Tax Title Liens: A. Taxes B. Tax Title Liens Added Taxes (Seniors Disallowed) , Added Tax Title Liens Adjustment between Taxes (Other than current year) and Tax Title Liens: A. Taxes - Transfers to Tax Title Liens (I) B. Tax Title Liens - Transfers from Taxes (I) 7. Balance Before Cash Payments 8. Totals 764, Balance Brought Down 763, Collected: A. Taxes , B. Tax Title Liens Interest and Costs Tax Sale Taxes Transferred to Liens , Taxes , Balance December 31, 2012 A. Taxes , B. Tax Title Liens , Totals 1,478, , , , , ,478, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No.9) is I ~I 17. Item No. 14 multiplied by percentage shown above is maximum amount that may be anticipated in SFY (See Note A on Sheet 22 - Current Taxes) (I) These amounts will always be the same. 710, I and represents the Sheet 26

38 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance January 1, , Foreclosed or Deeded in Tax Title Liens Taxes Receivable A B Adjustment to Assessed Valuation Adjustment to Assessed Valuation Sales 9. Cash * Contract Mortgage Loss on Sales Gain on Sales Balance December 31,20; , CONTRACT SALES 122, , Debit Credit 15. Balance January 1, Sales from ForeclosEd Property Collected * Balance December 31, MORTGAGE SALES II Debit II Credit 20. Balance January 1, Sales from Forecloserl Property Collected * Balance December 31, 2012 Total Cash Collected in 20 II ( ) Realized in 2012 Budget 0 o To Results of Operation (Sheet 19) Sheet 27

39 DEFERRED CHARGES - MANDATORY CHARGES ONLY - CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not inclnde 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.) Caused By I. Emergency Authorization - Municipal* Amount Dec. 31, 2011 Amount in per Audit 2012 Report Budget Amount Resulting from 2012 Balance as at Dec Emergency Authorization - Schools 3. Over-expenditure of Appropriations 1, , *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 I JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In Favor of On Account of Date Entered Amount Appropriated for in Budget of Year SFY 2012 I Sheet 28

40 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; MUNICI PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Date Purpose Amount Not Less Than Authorized 115 of Amount Balance Authorized' Dec. 31,2011 By 2012 Canceled Budget by Resolution Balance December 31, 2012 ~ [ w ~ 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:4-53 et seq. and are recorded on this page 'Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2012" must be entered here and then raised in the 2013 budget. Sheet 29

41 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 Date Purpose Amount Not Less Than Authorized 1/3 of Amount Balance Authorized* Dec. 31, 2011 By 2012 Canceled Budget by Resolution Balance Dec. 31,2012 go ~ w o II Totals It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with NJ.S. 40A: et seq. and are recorded on this page * Not less than one-third (1/3) 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. Sheet 30

42 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR BONDS (MUNICIPAL) GENERAL CAPITAL BONDS II Debit II Credit I 2013 Debt Service Outstanding January 1, XX Issued XX Paid xx Outstanding December 31, XX 2013 Bond Maturities - General Capital Bonds Interest on Bonds * ASSESSMENT SERIAL BONDS 1 Outstanding January 1,2012 Issued XX XX Paid XX Outstanding December 31, XX 2013 Bond Maturities - Assessment Bonds Interest on Bonds * Total "Interest on Bonds - Debt Service" (*Items) LIST OF BONDS ISSUED DURING 2012 Purpose I 2013 Maturity Amount Issued Date of Issue Interest Rate Total Sheet

43 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR LOANS (MUNICIPAL) LOAN Outstanding January 1, XX Issued XX II Debit Credit 2012 Debt Service Paid XX Outstanding December 31, XX 2013 Loan Maturities Interest on Loans Tota12013 Debt Service for Loan LOAN Outstanding January 1, XX Issued XX Paid XX Outstanding December 31, XX 2013 Loan Maturities Interest on Loans Total 2012 Debt Service for Loan LIST OF LOANS ISSUED DURING 2012 Purpose I 2013 Maturity Amount Issued Date of Interest Issue Rate Total Sheet31a

44 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2013 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS II Debit II Credit 2012 Debt Service Outstanding January 1, XX Paid XX Outstanding December 31, XX il 2013 Bond Maturities - Term Bonds Interest on Bonds * TYPE I SCHOOL SERIAL BOND Outstanding January I, XX Issued XX I I Paid XX Outstanding December 31, XX 2013 Interest on Bonds * Bond Maturities - Serial Bonds Total "Interest on Bonds - Type I School Debt Service" (*ltems) LIST OF BONDS ISSUED DURING 2012 Purpose 2013 Maturity Amount Issued Date of Interest Issue Rate Total SFY 2012 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding Dec I. Emergency Notes Special Emergency Notes Tax Anticipation Notes Interest on Unpaid State and County Taxes Sheet Interest Requirement

45 ~ DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Original Original Amount Date Title or Purpose of Issue Amount Date of of Note of Issued lssue* Outstanding Maturity Dec. 31,2012 I. Purchase of Fire Truck 700, , /14/13 2. Library Renovation 4,038, /10 3,172, /13 3. Acquisition of Front End Loader 133, /19/12 133, /13 4. Emergency Communication System 1,520, /19/12 1,520, /13 5. Various Public Improvements 399, /19/12 399, /18/13 6. Emergency Communication System 342, / , / Rate of Interest 0.90% 1.50% 1.50% 1.50% 1.50% 0.90% 2013 Budget Requirement Interest Computed to For Principal For Interest (Inseli Date) ** 36, , , , , , , , ~ K w II Total 7,132, ,706, Memo: Designate all "Capitai Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. Memo: Type I School Notes should be separately listed and totaled. * " Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue 0[2010 or prior require onc legally payable installment 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 financed by ordinance, designate same, otherwise an amount must be included in this column. 176, , (Do not crowd - add additional sheets) Sheet 33

46 DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Original Original Amount Date Rate 2013 Budget Requirement Interest Title or Purpose oflssue Amount Date of of Note of of Computed to Issued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date) Dec. 31, 2012 ** I ~ [ w ~ II Total MEMO: *See Sheet 33 for clarification of "Originai Date of Issue" Assessment Notes with an original date of issue 0[2010 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) Sheet 34

47 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount 2013 Budget Requirement of Obligation Outstanding For Principal For Interest/Fees Oec.31, [ w It Total (Do not crowd - add additional sheets)

48 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) ---- IMPROVEMENTS Balance - January 1,2012. Balance - December 31,2012 SpecifY each authorization by purpose. Do 2012 Expended Authorizations not merely designate by a code number. Funded Unfunded Authorizations Canceled Funded Unfunded Erosion Control 5, , Balanced Housing Program 2, , Ramsey Brook Erosion Control 97, , I Various Drainage Work 12, , , Commuter Parking Project 50, , Purchase of Fire Truck Funded in 2012 budget Funded in 2012 budget Improvements to Finch Park 2, , ~ [ ~ Regency Park Stream Clearance Project 10, , , Island Ave. & Island Park Ave. Improv. 6, , Reconstruction & Refurb. OfMun. Facilities 1, , DPW Roof Repair 5, , Ramsey Train Station and Equipment 7, , Woodland Ave. Drainage Impr. Phase I & II 2, North St., Aspen PI. & Beech St. Improv. 6, Funded in 2012 budget Funded in 2012 budget 2, , Four Speed Light Display Signs 1, , Ramsey Library Parking Lot Funded in 2012 budget Main Street Improvements Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization