ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2013 (UNAUDITED) Borough of Paramus, County of Bergen

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2013 (UNAUDITED) POPULATION LAST CENSUS 26,342 NET VALUATION TAXABLE ,899,360,185 MUNICODE 0246 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2014 MUNICIPALITIES FEBRUARY 10, 2014 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 Paramus, County of Bergen SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 Preliminary Check 2 Examined I hereby certify that the debt shown on Sheets 31 To 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature Frank Di Maria Title Registered Municipal Accountant (This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER: I hereby certify that I am responsible for filing this verified Annual Financial Statement, which I have not prepared and information required also included herein and that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do he hereby certify that I, Raymond Herr, am the Chief Financial Officer, License #N0432, of the Borough of Paramus, 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, 2013, completely in compliance with N.J.S. 40A:512, 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 Raymond Herr Title Address Chief Financial Officer 1 Jockish Square Paramus, NJ Phone Number Fax Number (201) x612 (201) IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. 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 postclosing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the Borough of Paramus as of December 31, 2013 and have applied certain agreedupon 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:512, as amended. Because the agreedupon 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 postclosing trial balances, related statements and analyses. In connection with the agreedupon procedures, no matters came to my attention that caused me to believe that the Annual Financial Statement for the year ended 2013 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 could have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality, taken as a whole. Listing of agreedupon procedures not performed and/or matters coming to my attention of which the Director should be informed: None All matters to be addressed in audit. Frank DiMaria Registered Municipal Accountant Di Maria & Di Maria LLP Public Accountants & Consultants 245 Union Street Lodi, NJ Voice (973) x102 Facsimile (973) fdm718@icloud.com Sheet 1a

3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has complied with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for 2013 as required under N.J.A.C. 5: Printed Name: George Georgeou Signature: Certificate #: Date: Sheet 1b

4 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination. 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 account on Sheet 1a of the Annual Financial Statement; and 6. There was no operating deficit for the previous fiscal year. 7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive years. 8. The municipality did not conduct a tax levy sale the previous fiscal year and does not plan to conduct one in the current year. 9. The current year budget does not contain a levy or appropriation "CAP" referendum. 10. The municipality has not applied for Transitional Aid for The undersigned certifies that this municipality has complied in full in meeting ALL of the above criteria in determining qualification for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Chief Financial Officer: Paramus BORO Raymond Herr Signature: Certificate #: N0432 Date: CERTIFICATION OF NONQUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet ALL 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 1c

5 Fed I.D. # Paramus BORO Municipality Bergen County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2013 (1) (2) (3) Federal State Other Federal Programs Programs Programs Expended Expended Expended (Administered by State) TOTAL $ $ 39, $ Type of Audit required by OMB A133 and OMB 0404: 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 A133 (Revised June 27, 2003) and OMB The single audit threshold has been increased to $500,000 beginning with Fiscal Year ending after 12/31/03. Expenditures are defined in Section 205 of OMB A133. (1) Report expenditures from federal passthrough programs received directly from state government Federal passthrough 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 passthrough 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 Borough of Paramus, County of Bergen during the year 2013 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities. Name Title (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, 2013 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2014 and filed with the County Board of Taxation on January 10, 2014 in accordance with the requirement of N.J.S.A. 54:435, was in the amount of $ 7,992,769, Signature of Tax Assessor Paramus BORO Municipality Bergen County Sheet 2

7 POST CLOSING TRIAL BALANCE CURRENT FUND AS AT DECEMBER 31, 2013 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash Valley National Bank 15,764, Cash Valley National Bank Paramus Ambulance Corps. 1,988, Cash Change Fund Property Acquired for Taxes Assessed Valuation 23, Delinquent Taxes Receivable 882, Tax Title Liens 3, Due From Net Payroll Trust 387, Due From Animal Control Trust Fund 75, Due From Swimming Pool Utility Capital Fund 6, Due From Grant Fund 1, Due From Social Security Trust Fund 2.97 Due To FSA Trust 1, Due To Assessment Trust 62, Due To General Capital Fund 2,574, Due To Golf Course Utility Operating Fund 257, Due To Golf Course Utility Capital Fund Due To Swimming Pool Utility Operating Fund 32, Due To Other Trust Fund 177, Due County for Added & Omitted Taxes 34, Due County for Added & Omitted Taxes Open Space Library Taxes Payable 17, Due to State of N.J. DCA Training Fees 41, Due to State of N.J. Marriage Licence Fees Appropriation Reserves 2,717, Reserve for Encumbrances 884, Tax Overpayments 23, PrePaid Taxes 607, SubTotal Cash Liabilities 7,434, C Reserve for Receivables and Other Assets 1,380, Fund Balance 10,319, ,134, ,134, (Do not crowd add additional sheets) Sheet 3

8 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2 AS AT DECEMBER 31, 2013 Title of Account Debit Credit P.A.T.F. #1: Cash Reserve for P.A.T.F. #1 Expenditures P.A.T.F. #2: Cash Reserve for P.A.T.F. #2 Expenditures (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

9 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2013 Title of Account Debit Credit Cash Current A/C 416, Cash Grant A/C Cash DEA A/C 11, Grants Receivable 381, Due To Current Fund 1, Due To Other Trust Fund 3, Appropriated Reserves 690, Unappropriated Reserves 113, (Do not crowd add additional sheets) Sheet 5 809, ,046.88

10 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2013 Title of Account Debit Credit Cash Animal Control Trust Fund 94, Due From Borough Clerk 5, Due To Current Fund 75, Due To State of New Jersey Reserve For Animal Licence Fees 23, , , Cash Payroll Trust Fund 707, Cash Payroll Trust Fund , Due To Current Fund 387, Due To Swim Pool Utility Operating Fund 4, Due To Golf Utility Operating Fund 16, Due To Unemployment Trust 35, Net Payroll & Deductions Payable 1,072, ,516, ,516, Cash Other Trust Fund 12,552, Due From Federal & State Grant Fund 3, Due From Current Account 177, Due From General Capital Fund 547, Due From General Liability SelfInsurance Trust Fund 45, Due From Workmen's Compensation Trust Fund 50, Reserve For Other Trust Fund Expenditures 13,376, ,376, ,376, Cash Assessment Trust Fund 56, Mortgage Receivable A.H.B.P., LP 990, Accrued Interest Receivable A.H.B.P. Mortgage 122, Due From Current Fund 62, Due From General Liability Trust 15, Reserve For Mortgage Receivable A.H.B.P., LP 990, Reserve For Accrued Interest Receivable A.H.B.P. Mortgage 122, Fund Balance Assessment Trust 134, ,247, ,247, Cash Unemployment Trust Fund 12, Due From Payroll Account 35, Due To State of New Jersey 13, Reserve For Unemployment Compensation Insurance Expenditures 33, , , Cash Social Security Trust Fund 46, Due To Current Fund 2.97 Reserve For Social Security Expenditures 46, , , Cash Property Liability SelfInsurance Trust Fund 50, Reserve For Self Insurance Programs (NJS 40A:101 et seq.) Property 50, , , Cash General Liability SelfInsurance Trust Fund 12, Due To Sewer Assessment Trust Fund 15, Due To Other Trust Fund 45, Reserve For Self Insurance Programs (NJS 40A:101 et seq.) General Liability 47, , , Cash Vision SelfInsurance Trust Fund 3, Reserve For Self Insurance Programs (NJS 40A:101 et seq.) Vision 3, , , Cash Workmen's Compensation Trust Fund 17, Due To Other Trust Fund 50, Reserve For Workmen's Compensation Claim Expenditures 67, , , Cash Housing & Community Development Act of 1974 Trust Fund (COAH) Hudson City 839, Cash Housing & Community Development Act of 1974 Trust Fund (COAH) TD 334, Cash Housing & Community Development Act of 1974 Trust Fund (COAH) Rehabilitation TD 1,500, Reserve For Developers Fees Housing Trust Funds (PL1985 c.222 and NJAC 5:92181 et seq.) 2,674, ,674, ,674, Cash FSA Trust Fund Due From Current Fund 1, Reserve For FSA Expenditures 1, , , ,191, ,191, (Do not crowd add additional sheets) Sheet 6

11 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2012: (1) $ x 25% (2) $ Municipal Public Defender Trust Cash Balance (from fee generation only) December 31, 2013: (3) $ Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25% the amount which the municipality expended during the prior year providing the services of a municipal public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation Board. (P.O. Box 084 Trenton, N.J ) Amount in excess of the amount expended: 3 (1 + 2) = $ The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C Chief Financial Officer: Signature: Certificate #: Date: Sheet 6a

12 Paramus BORO 0246 Schedule of Trust Fund Reserves Amount Dec. 31, 2012 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, Unemployment Compensation Insurance Expenditures 47, , , , Social Security Expenditures 46, , , , Other Trust Fund Expenditures 10,993, ,790, ,407, ,376, Workmen's Compensation Claim Expenditures (4,701.42) 889, , (67,732.90) 5. Accrued Interest Receivable A.H.B.P. Mortgage 122, , Mortgage Receivable A.H.B.P., LP 990, , Self Insurance Programs (NJS 40A:101 et seq.) General Liability 56, , , (47,337.99) 8. Self Insurance Programs (NJS 40A:101 et seq.) Property 20, , , , Self Insurance Programs (NJS 40A:101 et seq.) Vision 18, , , Animal Licence Fees 22, , Developers Fees Housing Trust Funds (PL1985 c.222 and NJAC 5:92181 et seq.) 5,775, ,710, ,811, ,674, FSA Trust Fund Expenditures 1, , Totals: $ 18,090, $ 7,673, $ 8,555, $ 17,208, Sheet 6b

13 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments ae Pledged Audit Balance Dec. 31, 2012 Assessments and Liens Current Budget RECEIPTS Other Receipts Interfund Disbursements Balance Dec. 31, 2013 Assessment Serial Bond Issues: xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx #912 Sanitary Sewer Stage 5 Assessment Bond Anticipation Note Issues: xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx Other Liabilities 2, , Trust Surplus 134, , *Less Assets "Unfinanced" xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx Due From General Liability Trust (15,000.00) (15,000.00) 136, (15,000.00) 121, *Show as red figure Sheet 7

14 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2013 Title of Account Debit Credit Cash Operating Account 70, Cash Green Trust Account 378, Cash Community Development Account 0.01 Due From Board of Ed (#1007) Due From Current Fund 2,574, Due From Golf Course Utility Operating Fund 231, Due From Swimming Pool Utility Operating Fund 78, Due From Swimming Pool Utility Capital Fund 3, Grants Receivable 525, Prospective Assessments 14, Deferred Charges to Future Taxation Funded 17,000, Deferred Charges to Future Taxation Unfunded 19,969, Estimated Proceeds Bonds and Notes Authorized 5,775, Encumbrances/Contracts Payable 934, Due To Trust Fund 547, Due To Community Development Program 3, Capital Improvement Fund 55, Reserve for Debt Service 669, Reserve for Green Trust 140, Reserve for Oradell Sewer Connection 6, Reserve for Prospective Assessments 14, Improvement Authorizations Funded 1,687, Improvement Authorizations Unfunded 5,170, Serial Bonds Payable 16,780, Loans Payable 220, Bonds and Notes Authorized but Not Issued 5,775, Bond Anticipation Notes Payable 14,194, Fund Balance 283, ,552, ,552, Analysis of Deferred Charged to Future Taxation Funded: Serial Bonds Payable 16,780, Loan Payable 220, Deferred Charges to Future Taxation Funded 17,000, Analysis of Deferred Charged to Future Taxation Unfunded: Bond Anticipation Notes Payable 14,194, Bonds and Notes Authorized but not Issued 5,775, Deferred Charges to Future Taxation Unfunded 19,969, (Do not crowd add additional sheets) Sheet 8

15 CASH RECONCILIATION DECEMBER 31, 2013 *On Hand Cash Less Checks On Deposit Outstanding Cash Book Balance 01 Current A/C Valley National Bank , ,348, , ,180, Current A/C Paramus Ambulance Corps. Fees Valley National Bank ,988, ,988, Sheet 3 15,764, Sheet 5 416, ,180, Change Funds N/A N/A Petty Cash Valley National Bank Federal & State Grant Fund A/C Valley National Bank , , Federal DEA A/C Valley National Bank , , Claims A/C #1 Valley National Bank Claims A/C #2 Valley National Bank Special Trust A/C Valley National Bank ,587, , ,552, Unemployment Trust A/C Valley National Bank , , FSA Trust A/C Valley National Bank Workmen's Compensation Trust A/C TD Bank , , (17,732.90) 03 Sewer Assessment Trust A/C TD Bank , , Property Liability Self Insurance Trust A/C Valley National Bank , , General Liability Self Insurance Trust A/C TD Bank , , , Vision Self Insurance Trust A/C TD Bank , , Payroll Trust A/C Valley National Bank , , Payroll 2013 Trust A/C Valley National Bank , , , Animal Control Trust A/C Valley National Bank , , Social Security Trust A/C Valley National Bank , , COAH Trust A/C Hudson City , , COAH Trust A/C TD Bank , , COAH Rehabilitation Truat A/C TD Bank ,500, ,500, General Capital A/C Columbia Bank , , (70,054.27) 04 Community Development A/C Valley National Bank Green Trust A/C Columbia Bank , , a Golf Course Utility Operating A/C Valley National Bank , , , b Golf Course Utility Capital A/C Valley National Bank , , a Swimming Pool Utility Operating A/C Valley National Bank , , b Swimming Pool Utility Capital A/C Valley National Bank , , Total 125, ,123, , ,723, *Include Deposits in Transit ** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account. REQUIRED CERTIFICATION I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at December 31, All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title: Registered Municipal Accountant Frank DiMaria Sheet 9

16 CASH RECONCILIATION DECEMBER 31, 2013 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" TD Bank: 03 Workmen's Compensation Trust A/C , Sewer Assessment Trust A/C , General Liability Self Insurance Trust A/C , Vision Self Insurance Trust A/C , COAH Trust A/C , COAH Rehabilitation Trust A/C ,500, ,944, Columbia Bank: 04 General Capital A/C , Green Trust A/C , , Valley National Bank: 01 Current A/C ,348, Current A/C Paramus Ambulance Corps. Fees ,988, Grant Fund A/C , Federal DEA A/C , Claims A/C # Claims A/C # Special Trust A/C ,587, Unemployment Trust A/C , FSA Trust A/C Property Self Insurance Trust A/C , Animal Control Trust A/C , Social Security Trust A/C , Payroll A/C , Payroll 2013 A/C , Community Development A/C a Golf Course Utility Operating A/C , b Golf Course Utility Capital A/C , a Swimming Pool Utility Operating A/C , b Swimming Pool Utility Capital A/C , Petty Cash ,929, Hudson City: 03 COAH Trust A/C , Note: Sections N.J.S. 40A:461, 40A:462 and 40A:463 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. 38,123, Sheet 9a

17 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Federal: Grant Balance January 1, Budget Revenue Realized Received in Cash Unappropriated Reserve Applied Adjustment Balance December 31, 2013 Edward J. Byrne Memorial Justice Assistance Grant State: Clean Communities Program 46, , Municipal Alliance on Alcoholism and Drug Abuse Body Armor Replacement Program 14, , Recycling Tonnage Grant 79, , Drunk Driving Enforcement Fund CH159 9, , , , Other: Bergen County Prosecutor Confiscated Funds 381, , , , Totals 150, , , , Sheet 10

18 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Federal: Grant Balance January 1, 2013 Budget Transferred from 2013 Budget Appropriations Appropriation By 40:A487 Edward J. Byrne Memorial Justice Assistance Grant 4, (4,225.00) Federal Marshall Funds 10, , Equitable Sharing Program 91, , Expended Adjustments Balance December 31, , , , State: Clean Communities Program 28, , , , Municipal Alliance on Alcoholism and Drug Abuse State Municipal Alliance on Alcoholism and Drug Abuse Local Body Armor Replacement Program 14, , Drunk Driving Enforcement Fund 9, , Recycling Tonnage Grant 67, , , , , , , , Other: Bergen County Prosecutor Confiscated Funds 381, , , , Totals 100, , , , , , Sheet 11

19 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance January 1, 2013 Budget Transferred to 2013 Budget Appropriations Appropriation By 40A:487 Balance December 31, 2013 Clean Communities Program 46, , , , Recycling Tonnage Grant 79, , , , Body Armor Replacement Program 14, , Drunk Driving Enforcement Fund 9, , Alcohol Education & Rehabilitation Fund Received Adjustment Totals 140, , , , , Sheet 12

20 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2013 xxxx xxxx School Tax Payable # xxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxx Levy School Year July 1, 2009 June 30, 2010 xxxx Levy Calendar Year 2013 xxxx 72,854, Paid 72,854, Balance December 31, 2013 xxxx School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) *Not including Type 1 school debt service, emergency authorizationsschools transfer to Board of Education for use of local schools. 72,854, ,854, # Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, xxxx xxx 2013 Levy xxxx Added Assessments Interest Earned xxxx Tranferred Balance December 31, # Must include unpaid requisitions. Sheet 13

21 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2013 xxxx xxxx School Tax Payable # xxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxx Levy School Year July 1, 2012 June 30, 2013 xxxx Levy Calendar Year 2013 xxxx Paid Balance December 31, 2013 xxxx School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions. REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2013 xxxx xxxx School Tax Payable # xxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxx Levy School Year July 1, 2013 June 30, 2014 xxxx Levy Calendar Year 2013 xxxx Paid Balance December 31, 2013 xxxx xxxx School Tax Payable # xxxx School Tax Deferred (Not in excess of 50% of Levy ) xxxx # Must include unpaid requisitions. Sheet 14

22 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2013 xxxx County Taxes Due County for Added and Omitted Taxes , Levy: xxxx xxxxxx General County xxxx 19,361, County Library xxxx Due County for Added and Omitted Taxes xxxx 34, Paid 19,407, xxxx Balance December 31, 2013 xxxx xxxx County Taxes xxxx Due County for Added and Omitted Taxes 34, xxxx 19,441, ,441, COUNTY OPEN SPACE TAXES PAYABLE Debit Credit Balance January 1, 2013 xxxx County Taxes Due County for Added and Omitted Taxes Adjusted to Operations 2013 Levy: xxxx xxxxxx County Open Space Preservation xxxx 216, County Library xxxx Due County for Added and Omitted Taxes xxxx Paid 216, xxxx Balance December 31, 2013 xxxx xxxx County Taxes xxxx Due County for Added and Omitted Taxes xxxx 217, , Footnote: Please state the number of districts in each instance. Sheet 15

23 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Balance January 1, xxxx State Library Aid Received in xxxx 11, Expended , xxxx Balance December 31, , , RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, xxxx State Library Aid Received in xxxx Expended xxxx Balance December 31, RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:5435) Balance January 1, xxxx State Library Aid Received in xxxx Expended xxxx Balance December 31, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, xxxx State Library Aid Received in xxxx Expended xxxx Balance December 31, Sheet 16

24 STATEMENT OF GENERAL BUDGET REVENUES 2013 Source Budget 01 Realized 02 Excess or Deficit* 03 Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: xx xx xx Adopted Budget 12,193, ,810, (382,882.73) Added by N.J.S. 40A:487: (List on 17a) 9, , Total Miscellaneous Revenue Anticipated ,203, ,820, (382,882.73) Receipts from Delinquent Taxes , , , ,121, ,787, (333,963.74) Amount to be Raised by Taxation: xx xx xx (a) Local Tax for Municipal Purposes ,006, ,875, (131,457.04) (b) Addition to Local District School Tax (c) Minimum Library Tax ,893, ,893, Total Amount to be Raised by Taxation ,900, ,769, (131,457.04) 57,021, ,556, (465,420.78) ALLOCATION OF CURRENT TAX COLLECTIONS Current Taxes Realized in Cash Debit Credit ,240, Amount to be Raised by Taxation Local District School Tax Regional School Tax Regional High School Tax County Taxes ,854, ,361, County Open Space Preservation 216, Municipal Open Space Library Tax 2,893, Due County for Added and Omitted Taxes Due County for Added and Omitted Taxes Open Space , Due for Added Municipal Open Space Taxes Due for Added Library Taxes 4, Special District Taxes Reserve for Uncollected Taxes ,000, Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget *Excess NonBudget Revenue (see footnote) *Deficit NonBudget Revenue (see footnote) ,875, *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. 136,240, ,240, Sheet 17

25 STATEMENT OF GENERAL BUDGET REVENUES 2013 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40 A:487 Source Budget Realized Excess or Deficit Drunk Driving Enforcement Fund 9, , Total (Sheet 17) 9, , I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:487 and matching funds have been provided if applicable. CFO Sinature: Sheet 17a

26 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted 2013 Budget Added by N.J.S. 40A: ,012, , Appropriated for 2013 (Budget Statement Item 9) ,021, Appropriated for 2013 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,021, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,021, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,304, Paid or Charged Reserve for Uncollected Taxes ,000, Reserved ,717, Total Expenditures ,021, Unexpended Balances Canceled (see footnote) FOOTNOTES RE: OVEREXPENDITURES: Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED: Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2013 Authorizations N.J.S. 40A:446 (After adoption of Budget) N.J.S. 40A:420 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

27 RESULTS OF 2013 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: xx xx Miscellaneous Revenues Anticipated xx Delinquent Tax Collections xx 48, xx Required Collection of Current Taxes xx Unexpended Balances of 2013 Budget Appropriations xx xx Miscellaneous Revenue Not Anticipated xx 6,874, Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) xx Payments in Lieu of Taxes on Real Property xx Unexpended Balances of 2012 Appropriation Reserves xx 297, Prior Years Interfunds Returned in xx 490, Cancellations & NonCash Adjustments xx 254, Excess in Federal/State Grant Fund xx 4, Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) xx xx Balance January 1, xx Balance December 31, xx Deficit in Anticipated Revenues: xx xx Miscellaneous Revenues Anticipated , xx Delinquent Tax Collections xx Required Collection of Current Taxes , xx Interfund Advances Originating in , xx Refund of Prior Year's Revenue 4,855, xx Shortfall in Federal/State Grant Fund xx Prior Year Added/Omitted Taxes 1, xx xx Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) ,925, xx 7,970, ,970, Sheet 19

28 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized State of N.J. Vets & SC Deduction Administrative Fee 5, Xerox Copies 2, ADP Tax Overpayment Refund 7, ATM Fees 1, Cancelled Court/Bail Checks COAH Payroll Reimbursements 106, DMV Inspection Fines 22, Forfeited Bail 2, PILOT Payments 85, Other Miscellaneous 2, FEMA Reimbursements 706, Unbudgeted Grant Receipts 133, Sale of Municipal Assets 322, Energy Curtailment 2, Bounced Check Fees Close Claims Fund Bank Accounts 330, Cancel Claims Fund Associated Interfund Liabilities 2,000, Bergen County Snow Plowing Reimbursements 12, Restitution 1, NJ Meadowlands Refund 1, Police Application & Background Check Fees 3, Right of Way Payments Sunesys, LLC 1, Vets & Seniors State Audit Receipts 13, Vending Machines Westfield Payment 3,106, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 6,874, Sheet 20

29 SURPLUS CURRENT FUND Year 2013 Debit Credit 1. Balance January 1, ,393, Excess Resulting from 2013 Operations ,925, Amount Appropriated in the 2013 Budget Cash Amount Appropriated in 2013 Budget With Prior Written Consent of Director of Local Government Services Balance December 31, ,319, ,319, ,319, ANALYSIS OF BALANCE DECEMBER 31, 2013 (FROM CURRENT FUND TRIAL BALANCE) Cash ,753, Investments Sub Total 17,753, Deduct Cash Liabilities Marked with "C" on Trial Balance ,434, Cash Surplus ,319, Deficit in Cash Surplus Other Assets Pledged to Surplus:* (1) Due from State of N.J. Senior Citizens & Vets Deduction Deferred Charges # Cash Deficit # Total Other Assets * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NONCASH SURPLUS IN 2014 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS ,319, NOTE: Deferred charges for authorizations under N.J.S. 40A:455 (Tax Map, etc.), N.J.S. 40A:455 (Flood Damage, etc.), N.J.S. 40A:455.1 (Roads and Bridges, etc.) and N.J.S. 40A: (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21

30 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2013 LEVY 1. Amount of Levy as per Duplicate ,332, Additional Taxes Levied 9, 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. 54:463.1 et. Seq , a. Subtotal 2012 Levy 136,587, b. Reductions Due to Tax Appeals** 464, c. Total 2012 Tax Levy ,123, Transferred to Tax Title Liens Transferred to Foreclosed Property Remitted, Abated or Canceled Discount Allowed Collected in Cash: In , In 2013* ,290, State's Share of 2013 Senior Citizens and Veterans Deductions Allowed , R.E.A.P. Revenue Total To Line ,240, Total Credits 135,240, Amount Outstanding, December 31, , Percentage of Cash Collections to Total 2013 Levy, (Item 10 divided by Item 5c) is 99.35% Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here and complete Sheet 22a. 14. Calculation of Current Taxes Realized in Cash: Total of Line ,240, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 135,240, Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50, the percentage represented by the cash collections would be $1,049, $1,500,000, or The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor % # Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2013 collections. ** Tax appeals pursuant to R.S. 54:321 et seq and/or R.S. 54:481 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:441) Sheet 22

31 ACCELERATED TAX SALE/TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2013 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 2013 Tax Levy Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is 0.00% (2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22) LESS : Proceeds from Tax Levy Sale (excluding premium)... NET Cash Collected Line 5c (Sheet 22) Total 2013 Tax Levy Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is Sheet 22a

32 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2013 xx xxx Due From State of New Jersey xxx Due To State of New Jersey xx 13, Senior Citizens Deductions Per Tax Billings 45, xxx 3. Veterans Deductions Per Tax Billings 245, xxx 4. Senior Citizens Deductions Allowed By Tax Collector 2, xxx 5. Veterans Deductions Allowed By Tax Collector 9, Veterans Deductions Disallowed By Tax Collector 7. Senior Citizens Deductions Disallowed By Tax Collector xx 5, Senior Citizens Deductions Disallowed By Tax Collector 2012 Taxes xx 9. Received in Cash from State xx 295, Veterans Deductions Allowed By Tax Collector 11. Adjusted to Budget Operations 13, Balance December 31, 2013 xx xx Due From State of New Jersey xx Due To State of New Jersey xx 314, , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 45, Line 3 245, Line 4 2, Line 5 9, SubTotal 301, Less: Line 6 Less: Line 7 5, Less: Line 8 To Item 10, Sheet , Sheet 23

33 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:327) Debit Credit Balance January 1, 2013 xx Taxes Pending Appeals xx xx Interest Earned on Taxes Pending Appeals xx xx Contested Amount of 2013 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) xx Interest Earned on Taxes Pending State Appeals xx Cash Paid to Appelants (Including 5% Interest from Date of Payment) xx Closed to results of Operations (Portion of Appeal won by Municialilty, including Interest) xx Balance December 31, 2013 xx Taxes Pending Appeals* xx xx Interest Earned on Taxes Pending Appeals xx xx *Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, Signature of Tax Collector License # Date Sheet 24

34 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2014 MUNICIPAL BUDGET 1. Total General Appropriations for 2014 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes & Library) YEAR 2014 YEAR ,149, XXXXXXXXXXXX 2. Local District School Tax 3. Regional School District Tax 4. Regional High School Tax School Budget 5. County Tax 6. Special District Taxes 7. County Open Space Tax 8. Municipal Open Space Tax 9. Library Tax Actual ,854, Estimate** ,854, XXXXXXXXXXXX Actual Estimate* XXXXXXXXXXXX Actual Estimate* XXXXXXXXXXXX Actual ,361, Estimate* ,361, XXXXXXXXXXXX Actual Estimate* XXXXXXXXXXXX Actual 216, Estimate* 216, XXXXXXXXXXXX Actual Estimate* XXXXXXXXXXXX Actual 2,893, Estimate* 2,884, XXXXXXXXXXXX 10. Total General Appropriations & Other Taxes ,466, Less: Total Anticipated Revenues from Year 2014 in Municipal Budget (Line 5) ,415, Cash Required from Year 2014 Taxes to Support Local Municipal Budget and Other Taxes ,050, Amount of Item 11 Divided by % [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage ,050, shown by Item 13, Sheet 22) Analysis of Item 12: Local District School Tax 72,854, (Amount Shown on Line 2) Regional School District Tax (Amount Shown on Line 3) Regional High School Tax (Amount Shown on Line 4) County Tax (Amount Shown on Line 5) 19,361, Special District Tax (Amount Shown on Line 6) County Open Space Tax (Amount Shown on Line 7) 216, Municipal Open Space Tax (Amount Shown on Line 8) Library Tax (Amount Shown on Line 9) 2,884, Tax in Local Municipal Budget 42,733, * May not be stated in an amount less than "Actual" Tax of year 2013 ** Must be stated in the amount of the proposed budget submitted by the Local Board of Education to the commissioner of Education on January 15, 2014 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation. Total Amount (See Line 11) 138,050, Appropriation: Reserve for Uncollected Taxes Item 8M (Item 11, Less Item 10) ,000, Computation of "Tax in Local Municipal Budget" 56,149, Item 14 Appropriation: Reserve for Uncollected Taxes 1,000, SubTotal 57,149, Less: Item 10 Total Anticipated Revenues 14,415, Note: The amount of anticipated revenues (Item 10) may never exceed the total of Items 1 and 14. Amount to be Raised by Taxation in Municipal Budget ,733, Sheet 25

35 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 [(2014 Estimated Total Levy 2013 Total Levy)/ 2013 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) 1. Subtotal General Appropriations (item 8(L) budget sheet 29) 2. Taxes not Included in the Budget (AFS 25, items 2 thru 7) Total 3. Less: Anticipated Revenues (item 5, budget sheet 11) 4. Cash Required 5. Total Required at % (items 4+6) 6. Reserve for Uncollected Taxes (item E above) Sheet 25a

36 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, , xxxx A. Taxes , xxxx xxxx B. Tax Title Liens , xxxx xxxx 2. Canceled: xxxx xxxx A. Taxes xxxx B. Tax Title Liens xxxx 3. Transferred to Foreclosed Tax Title Liens: xxxx xxxx A. Taxes xxxx B. Tax Title Liens xxxx 4. Added Taxes xxxx 5. Added Tax Title Liens xxxx 6. Adjustment between Taxes (Other than current year) and Tax Title Liens: xxxx xxxx A. Taxes Transfers to Tax Title Liens (1) xxxx B. Tax Title Liens Transfers from Taxes (1) xxxx 7. Balance Before Cash Payments xxxx 969, Totals 970, , Balance Brought Down 969, xxxx 10. Collected: xxxx 966, A. Taxes , xxxx xxxx B. Tax Title Liens xxxx xxxx 11. Interest and Costs 2013 Tax Sale xxxx Taxes Transferred to Liens xxxx Taxes Receivable , xxxx 14. Balance December 31, 2013 xxxx 885, A. Taxes , xxxx xxxx B. Tax Title Liens , xxxx xxxx 15. Totals 1,852, ,852, Percentage of Cash Collections to adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 99.70% 17. Item No. 14 multiplied by percentage shown above is 883, and represents the maximum amount that may be anticipated in (See Note A on Sheet 22 Current Taxes) (1) These amounts will always be the same. Sheet 26

37 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance, January 1, , xx 2. Foreclosed or Deeded in 2013 xxxx xx 3. Tax Title Liens xx 4. Taxes Receivable xx 5A xx 5B xxxx 6. Adjustment to Assessed Valuation xx 7. Adjustment to Assessed Valuation xxxx 8. Sales xxxx xx 9. Cash * xxxx 10. Contract xxxx 11. Mortgage xxxx 12. Loss on Sales xxxx 13. Gain on Sales xx 14. Balance December 31, xxxx 23, , , CONTRACT SALES Debit Credit 15. Balance, January 1, xx Sales from Foreclosed Property xx 17. Collected * xxxx xxxx 14. Balance, December 31, xxxx MORTGAGE SALES Debit Credit 1. Balance, January 1, xx Sales from Foreclosed Property xx 22. Collected * xxxx xxxx 14. Balance December 31, xxxx Analysis of Sale of Property: *Total Cash Collected in 2013 Realized in 2013 Budget To Results of Operation (Sheet 19) Sheet 27