ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED) POPULATION LAST CENSUS 4,323 NET VALUATION TAXABLE ,357,200 MUNICODE 2101 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2018 MUNICIPALITIES - FEBRUARY 10, 2018 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES 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. Township of Allamuchy,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 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature Title William F. Schroeder 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, (which I have prepared) or (which I have not prepared) and information required also included herein and that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do hereby certify that I James Kozimor, am the Chief Financial Officer, License # N-0325, of the Township of Allamuchy, County of Warren and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2017, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, Signature Title Address Phone Number Fax Number Chief Financial Officer P.O. Box A, Allamuchy, NJ 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 Fed I.D. # Towns!J1_pof.t\.lla~l!.~-~y Municipality Warren County Report of Federal and State Financial Assistance Expenditure of Awards Fiscal Year Ending:- - 12/31/2017 (1) Federal programs Expended ( administered by the state) (2) State Programs Expended (3) Other Federal Programs Expended TOTAL 10, Type of Audit required by US Uniform Guidance and NJ 0MB 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 US Uniform Guidance and NJ 0MB The single audit threshold has been increased to 750,000 beginning with the fiscal year starting 1/1/2015. (1) Report expenditures from federal pass-through programs received directly from state government. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state government. Signature of Chief Financial Officer Date Sheet le

3 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 nutility fund" on the books of account and there was no utility owned and operated by the of County of during the year 2017 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Name Title (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) NOTE: W11en 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. NIA MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2018 and ftled with the County Board of Taxation on January 10,201 with the requirement of N.J.S.A. 54:4 35, was in the amount of MUNICIPALITY Morris COUNTY Sheet2

4 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIALBALANCE-CURRENTFUND AS AT DECEMBER 31, 2015 Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" - - Taxes Receivable Must Be Subtotaled Title of Account ~ ~ Cash and Cash Equivalents 2,551, Change Fund Subtotal Cash 2,551, Due from State of New Jersey: Senior Citizen and Veteran Deductions 17, Receivables and Other Assets With Full Reserves: Delinquent Property Taxes Receivable 142, Tax Title Liens 41, Revenue Accounts Receivable 5, Due From: Animal Control Fund 7, Solid Waste District Water/Sewer Utility Capital Fund Other Trust Fund 6, Special Taxing District 1, Payroll Subtotal Receivables and Other Assets With Full Reserves 205, (Do not crowd - add additional sheets) Sheet 3

5 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2015 Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" - - Taxes Receivable Must Be Subtotaled Title of Account ~ ~ Appropriation Reserves: Encumbered 109, Unencumbered 165, , Due State of New Jersey: Marriage License Fees County Added and Omitted Taxes 45, Prepaid Taxes 816, Tax Overpayments 6, Garbage District Taxes Payable 1, Reserve for: Bid Bonds 9, Third Party Liens 8, Lake Eagle Rock Study 20, Garden State Preservation Trust Fund 40, Payments in Lieu of Taxes 47, ,270, "C" Reserve for Receivables and Other Assets 205, Fund Balance 1,298, Totals 2,774, ,774, (Do not crowd - add additional sheets) Sheet 3a

6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - WATER DISTRICT AS AT DECEMBER 31, 2015 Title of Account ~ ~ Cash and Cash Equivalents Consumer Accounts Receivable - Reserve for Accounts Receivable Reserve for Expenditures Totals " ~ Sheet 3b

7 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2017 Title of Account ~ ~ Cash and Cash Equivalents 7, Reserve for Public Assistance Expenditures Totals 7, , , (Do not crowd - add additional sheets) To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4

8 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2017 Title of Account ~ ~ Cash and Cash Equivalents 104, Grant Funds Receivable 107, Overexpenditure of Appropriations 2, Unappropriated Reserves Appropriated Reserves Totals 214, , , , (Do not crowd - add additional sheets) Sheet 5

9 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2017 Title of Account ~ ~ Animal Control Fund: Cash and Cash Equivalents 17, Due Current Fund 7, Due State of New Jersey 6.00 Reserve for Animal Control Expenditures,9, Total Animal Control Fund 17, , Other Trust Funds: Cash and Cash Equivalents 1,095, Due Current Fund 6, Developers' Deposits 850, Construction Escrow Deposit 13, Reserve for: Condominium Security Deposits 26, State Unemployment Insurance 17, Housing Rehabilitation 32, Open Space Trust Fund 34, Parking Offense Adjudication Act Sign Donations 4, Public Defender Fees 5, Senior Luncheon GIS Updates 12, Tax Sale Premiums 67, Tax Map Assessments Fire Safety Rutherford Hall Open Space Donations Snow Removal 17, Dog Park Donations 3, Abandoned Property 2, Total Other Trust Funds 1,095, ,095, (Do not crowd - add additional sheets) Sheet 6

10 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2016: (1) (2) X 25% Municipal Public Defender Trust Cash Balance December 31, 2017: - ""'""'"""'""""""""'"'"""""""'"'"""'""'""""""'""""""' (3) * 5, 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) = _..."'"""'"""""""""""'"'"""""""""'""""""""""'""""'""""'"""""'"'"""'"""""""""""""""'""""""""""" NIA * - Municipal Share 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: James Kozimor Signature: Certificate#: N-0325 Date: Sheet 6a

11 Schedule of Trust Fund Deposits and Reserves Purpose Amount Dec. 31, 2016 Balance per Audit as at Report Receipts Disbursements Dec. 31, Developers' Deposits 631, , , , Construction Escrow DeE.osits 13, , State Unem~ent Insurance 15, , , Housin.s_ Rehabilitation 24, , ,139.1~ 5. Tax Sale Premiums 68, , , , GIS DE.dates 12, , OE.Pace J_3, l,j , Parking Offense Adjudication Act Si~ Donations 5, , Senior Luncheon Public Defender Fees 4, , , Tax Ma,e Assessments Condominium Security Deposits 40, , , , Fire Safety Rutherford Hall Donations OE.Pace Donaticms _]_,)93.~J 1, Snow Removal 17, , Recreation 19. Do~ Park Donations 14,281.~ 7, , , Abandoned Pro~ 2, , Totals: 883,278.6] 49,295_.37 ~<l, ,088) Sheet 6b

12 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2017 Title of Account Est. Proceeds Bonds and Notes Authorized 15, xx Bonds and Notes Authorized but Not Issued xx 15, Cash and Cash Equivalents 1,582, Deferred Charges to Future Taxation: Funded 11,201, Unfunded 15, Warren County Grant Receivable 73, Board of Chosen Freeholders Grant Receivable Due Escrow Agent Serial Bonds Payable 10,530, Bond Anticipation Notes NJ Green Trust Loans Payable 118, NJ Environmental Infrastructure Loans Payable 552, Improvement Authorizations: Funded 152, Unfunded Capital Improvement Fund 137, Reserve for: Developers Contributions 1, Renovations to Maintenance Garage 50, Fire Station Building Improvements 10, Improvements 25, Fire Station Equipment 25, Payment of Debt Service 1,161, Recreation 10, Fund Balance 98, Total 12,889, ,889, (Do not crowd - add additional sheets) Sheet 8

13 CASH RECONCILIATION DECEMBER 31, 2017 Cash Less Checks * On Hand On Deposit Outstanding Current 1,029, ,530, (8,715.58) Trust - Assessment NIA Trust - Dog License 17, Trust - Other 1,229, ,478, (1,612,614.94) Capital - General 1,889, (307,649.50) Cash Book Balance 2,551, , ,095, ,582, Water - Operating NIA Water - Capital NIA Utility Assessment Trust NIA Public Assistance ** 7, , Special Garbage District NIA Federal and State Grant Fund 104, Water and Sewer Operating 9, ,315, (209,035.06) Water and Sewer Capital 234, (49,095.83) Water District , ,116, , Total 2,268, ,579, (2,187,110.91) 6,660, * Include Deposits in Transit ** Be sure to include 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 l(a). Signature: Title: Registered Municipal Accountant Sheet 9

14 CASH RECONCILIATION DECEMBER 31, 2017 (cont'd.) LIST BANKS AND AMOUNT SUPPORTING "CASH ON DEPOSIT" Current Fund: First Hope# ,514, NJCM # , Subtotal 1,530, Federal and State Grant Fund: First Hope# , Animal Control Fund: First Hope Bank# , Other Trust Fund: Fleet Escrow # ,229, First Hope# , First Hope# , First Hope # , First Hope # , Subtotal 1,478, General Capital Fund: First Hope Bank# ,816, NJCM # , Subtotal 1,889, Public Assistance: First Hope Bank# , Subtotal 5,029, Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

15 CASH RECONCILIATION DECEMBER 31, 2017 (cont'd.) LIST BANKS AND AMOUNT SUPPORTING "CASH ON DEPOSIT" Water & Sewer Utility Operating Fund: First Hope Bank # ,276, First Hope Bank # < Subtotal 1,315, Water & Sewer Utility Capital Fund: First Hope Bank# , Water District: First Hope Bank# Total All Banks 6,579, Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9b

16 Grant MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2017 Received Transfer Jan. I, 2017 Budget from Revenue Unapprop. Realized Reserves Balance Dec. 31, 2017 Clean Communities Trail Project Warren County Historic Preservation NJ Highlands - Water Protection Grant NJ Highlands - Plains Grant NJ Highlands - Plan Conformance NJ Highlands Alcohol Education, Rehabilitation and Enforcement Fund Recycling Tonnage Grant , , , , , , , , , , Totals 107, , , ,692.30

17 Alcohol Education, Rehabilitation and SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2015 Grant Balance Budget Appropriations Jan. 1, 2017 Appropriations Budget By40A:4-87 Enforcement Fund 4, Expended Balance Dec. 31, , Recycling Tonnage Grant 16, , Clean Communities Program 27, , Municipal Stormwater 7, Environmental Commission Donations 9, Trail Project Donation 2, Trail Project Grant 1, NJ Highlands Grant 88, NJ Highlands Grant 14, Freight Depot NJ Highlands Grant 22, (3,871.21) 15, (6,139.93) 32, , , , , , , , Totals 194, , (10,011.14) 198,904.28

18 Grant Alcohol Education, Rehabilitation and Enforcement Fund Recycling Tonnage Grant Clean Communities Program SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2017 Balance Budget Appropriations Received Jan. 1, 2017 Appropriations Budget By40A: , , , , Cash Balance Receipts Dec. 31, , , , , Totals 14, , , ,784.46

19 * LOCAL DISTRICT SCHOOL TAX Balance January 1, 2017 xxxxxx:x xx:xxxxx School Tax Payable # xxxx:xxx School Tax Deferred Not in excess of 50% of Levy xxxxxx:x Levy School Year July 1, June 30, 2018 xxxxxx:x Levy Calendar Year 2017 xxxxxx:x 9,275, Paid 9,275, xxxx:xxx Balance December 31, 2017 xx:xxx:xx School Tax Payable # School Tax Deferred Not in excess of 50% of Levy xxxx:xxx 9,275, ,275, MUNICIPAL OPEN SPACE TAX Balance January 1, xx:xxx:xx 33, Levy , Interest Earned 1, Expended 111, xxx:xxxx Balance December 31, , xxx:xxxx 145, , Sheet 13

20 COUNTY TAXES PAYABLE ( Balance January 1, 2017 County Taxes Due County for Added and Omitted Taxes , Levy: General County ,119, County Library , County Health County Open Space Preservation 245, Due County for Added and Omitted Taxes , Paid 4,735, Balance December 31, 2017 County Taxes Due County for Added and Omitted Taxes 45, ,781, ,781, SPECIAL DISTRICT TAXES Balance January 1, , Levy: (List Each Type of District Tax Separately- see Footnote) Fire Sewer Water Garbage - I , Snow Removal - II Municipal Service Tax 2,423, Total 2017 Levy ,502, Paid ,492, Balance December 31, ,502, ,502, Footnote: Please state the number of districts in each instance. Sheet 15

21 STATEMENT OF GENERAL BUDGET REVENUES 2017 Source I Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: xxxxx:xx :xxxxx:xx Adopted Budget 860, , , Added byn.j.s. 40A:4-87:(List on 17a) Total Miscellaneous Revenue Anticipated , , , Receipts from Delinquent Taxes , , , II I Amount to be Raised by Taxation: :xx:xxxxx x:xx:xx:xx (a) Local Tax for Municipal Purposes ,288, xxx:xx:xx :xx:xxx:xx (b) Addition to Local District School Tax :xxxxx:xx xxx:xx:xx Total Amount to be Raised by Taxation ,288, ,578, , ,643, ,004, , ALLOCATIO:N OF CURRENT TAX COLLECTIONS I Current Taxes Realized in Cash (Total ofitem 10 or 14 on Sheet 22) xxx:xx:xx 18,806, Amount to be Raised by Taxation xxx:xx:xx Local District School Tax ,275, x:xx:xx:xx Regional School Tax :xxx:xx:xx Regional High School Tax :xxxxx:xx County Taxes ,688, Due County for Added and Omitted Taxes , xxxxx:xx Special District Taxes ,502, Municipal Open Space Tax 111, x:xx:xx:xx Reserve for Uncollected Taxes xxx:xx:xx 400, Deficit in Required Collection of Current Taxes (or) xxx:xx:xx Balance for Support of Municipal Budget (or) ,578, xxxxx:xx *Excess Non-Budget Revenue (see footnote) xxx:xx:xx *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 above allocation would apply to "Non-Budget Revenue" only. 19,206, ,206, Sheet 17

22 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,643, Budget - Added by N.J.S. 40A: Anoropriated for 2017 (Budget Statement Item 9) ,643, Appropriated for 2017 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,643, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,643, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,005, Paid or Charged - Reserve for Uncollected Taxes , Reserved , Total Expenditures Unexpended Balances Canceled (see footnote) ,571, , 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 - NIA (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2017 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 Charu:ed Reserved Total EXPenditures Sheet 18

23 RESULTS OF 2017 OPERATION CURRENTFUND ~ ~ Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2017 Budget Appropriations , Miscellaneous Revenue Not Anticipated , Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of 2016 Appropriation Reserves , Prior Years Interfunds Returned in , Increase in Reserve for Tax Appeals 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 , Refund of Prior Year Revenue Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) ; ; , Sheet 19

24 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Statutory Excess-Animal Control 7, Copies Senior Citizens' and Veterans' Deductions Administrative Reimbursement Fire Department Recovery Fees 28, Death Certificates Marriage License Clean-up Fees Cable TV Franchise Fees Fire House Rental 1, Cell Tower Rental 5, Other Miscellaneous Revenue 18, FEMA Tax Collector: Duplicate Bills and Other Miscellaneous 1, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 64, Sheet 20

25 SURPLUS-CURRENT FUND YEAR Balance January 1, xxxxxx:x 3. Excess Resulting from 2017 Operations xxxxxx:x 4. Amount Appropriated in the Budget - Cash , Amount Appropriated m :.w 1 7 Budget - with Pnor wntten Consent of Director of Local Government Services Balance December 31, ,298, ,648, I 1,043, , ,648, ANALYSIS OF BALANCE DECEMBER 31, 2017 (FROM CURRENT FUND - TRIAL BALANCE) Cash Investments Emergency Notes Payable included in item Sub Total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus Deficit in Cash Surplus Other Assets Pledged to Surplus: * ll) uue rrom State otn.j. Semor Citizens and Veterans Deduction , ,551, ,551, ,270, ,281, Deferred Charges # Cash Deficit # Total Other Assets # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2016 BUDGET , ,298, 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. I Sheet 21

26 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis)# ,364, Amount of Levy Special District Taxes 3. Amount Levied for Omitted Taxes under N.J.S.A. 54: et seq. 4. Amount Levied for Added Taxes under N.J.S.A. 54: et seq ,S02,S l l , Sa. Sb. Sc. Subtotal 2017 Levy Reductions due to tax appeals** Total 2017 Tax Levy 19,039, ,039, Transferred to Tax Title Liens 7. Transferred to Foreclosed Property 8. Remitted, Abated or Canceled 9. Discount Allowed 10. Collected in Cash: In 2016 In 2017 * State's Share of 2017 Senior Citizens and Veterans Deductions Allowed Total to Line ,487.4S , l 13,769.S l 8,6S3, ,S43.1S ,806,S91.3S 11. Total s 12. Amount Outstanding December 31, ,896, ,S Percentage of Cash Collections to Total 2017 Levy, (Item 10 divided by Item 5c) is 98.77% Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here c & complete sheet 22a. 14. Calculation if Current Taxes Realized in Cash: Total of Line 10 18,806, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) ,806, 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 percentage 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 2017 collections. ** Tax Appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution by the governing body prior to introduction of municipal budget. Sheet 22

27 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS 1. Balance January 1, 2017 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 18, , , , Veterans Deductions Allowed By Tax Collector 6. Sr. Citizens Deductions Allowed By Tax Collector 7. Sr. Citizens Deductions Disallowed By Tax Collector 2016 Taxes 8. Received in Cash from State 9. Veterans Deductions Disallowed By Tax Collector Balance December 31, 2017 Due From State of New Jersey Due To State ofnew Jersey : : 41, : 3, : 17, , , Calculation of Amount to be included on Sheet 22, Item Senior Citizen and Veterans Deductions Allowed Line 2 4, Line 3 34, Line 4 & 5 4, Sub-Total 43, Less: Line 7 & 10 3, To Item 10, Sheet 22 39, Sheet 23

28 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS 1. Balance January 1, Canceled: A. Taxes , B. Tax Title Liens , 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 B. Tax Title Liens - Transfers from Taxes Balance Before Cash Payments 8. Totals 9. Balance Brought Down 10. Collected: A. Taxes , B. Tax Title Liens Interest and Costs Tax Sale Taxes Transferred to Liens Taxes Balance December 31, Totals A. Taxes , B. Tax Title Liens , I II 205, xxxxx:x:x xx:x:xxxx xxxx:x:xx 1, xxx:x:xxx 203, , , , ' 168, x:x:xx:x:xx 6, , xxx:x:xxx 184, x:x:xxxxx 352, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by item No. 9) is! 82.68%! 17. Item No. 14 multiplied by percentage shown above is ( maximum amount that may be anticipated in , land represents the (See Note A on Sheet 22 - Current Taxes) (1) These amounts will always be the same. Sheet 26

29 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) 1. Balance January 1, 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 1, Sales from Foreclosed Property Collected* Balance December 31, MORTGAGE SALES 20. Balance January 1, Sales from Foreclosed Property Collected* Balance December 31, Analysis of Sale of Property: * Total Cash Collected in 2017 ( ) Realized in 2017 Budget To Results of Operation (Sheet 19) Sheet 27 NIA

30 DEFERRED CHARGES -MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, N.J.S. 40A: or N.J.S. 40A: listed on Sheets 29 and 30.) Caused By Amount Dec. 31, 2016 Amount in Amount per Audit 2017 Resulting Report Budget from 2017 Balance as at Dec. 31, Overexpenditure of Grant 2, , * Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HA VE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 or N.J.S. 40A:2-51 Date Purpose Amount JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In favor of On Account of Date Entered Amount Appropriated for in Budget of Year Sheet 28

31 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS (MUNICIPAL) GENERAL CAPITAL BONDS Source 2018 Debt Service Outstanding, January 1, ,090, Issued Paid , Defeased Outstanding, December 31, ,530, ,090, ,090, Bond Maturities - General Capital Bonds , Interest on Bonds * , Assessment Serial Bonds - NIA Outstanding, January 1, Issued Paid Outstanding, December 31, Bond Maturities - Assessment Bonds Interest on Bonds * Total "Interest on Bonds - Debt Service"(* Items) , LIST OF BONDS ISSUED DURING 2017 Purpose Date of 2018 Maturity Amount Issued Issue Interest Rate Total Sheet 31

32 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR LOANS (MUNICIPAL) NJ Green Trust LOAN 2018 Debt Service Outstanding, January 1, , Issued x:xxxxx:x Paid , xxxx:xx:x Outstanding, December 31, , x:xx:xxxx 147, , Loan Maturities Interest on Loans Total 2018 Debt Service for NJ Green Trust Loan , , , NJ Environment Infrastructure LOAN Outstanding, January 1, x:xx:xxxx 680, Issued Paid , xxx:xxxx Outstanding, December 31, , , , Loan Maturities Interest on Loans Total 2018 Debt Service for NJ Environmental Infrastructure Loan , , , LIST OF LOANS ISSUED DURING 2017 uate of Purpose 2018 Maturity Amount Issued lssue interest Rate NIA Total Sheet 31a

33 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Balance - January 1, 2017 Balance - December 31, Authorizations Specify each authorization by purpose. Do not merely designate by a code number. Funded Unfunded Authorizations Expended Canceled Funded Unfunded Improvements to Quaker Church Road 15, , Acquisition and Improvement of Real Property 1, , , , Purchase of Fire Equipment Purchase of Fire Equipment Improvement to Building and Grounds 21, , , Purchase Property 50, , Purchase of Fire Department Vehicle 57, , Purchase of Fire Department Equipment 25, , Improvement of Municipal Dog Park 2, , Improvement to Streets and Roads 200, , , Improvement to Rutherford Hall 238, , , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization. 88, , , , , ,

34 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Balance January 1, , Received from 2017 Budget Appropriation * , Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) , List by Improvements-Direct Charges Made for Preliminary Costs: Appropriated to Finance Improvement Authorizations , Balance December 31, , , , * The full amount of the 2017 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet 36

35 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENT ON IMPROVEMENTS Balance Januarv I, Received from 2017 Budget Appropriation * Received from 2017 Emerll:encv Appropriation * xxxxx:xxx x: x Appropriated to Finance Improvement Authorizations Balance December 31, x x xxxx:xxxx The full amount of the 2017 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2017 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 uown Payment in Budget of 2017 or Prior Years Purchase of Fire Department Vehicle 57, , Purchase of Fire Department Equipment 25, , Improvement of Municipal Dog Park 2, , Improvement to Streets and Roads 200, , , , , Improvement ofrutherfurd Hall 238, , 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. Reserve For Improvements 57, g Warren County Historic Preservation Trust 238, Capital Improvement Fund 227, , Sheet 37

36 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR-2017 Balance January 1, x Attorney Trust Refund - Land Purchase Fully Funded Improvement Authorizations Cancelled Cancellation of Reserve for Repayment of Debt Service x x x 75, , Appropriated to Finance Improvement Authorizations Appropriated to 2017 Budget Revenue Balance December 31, , x x x 98, BONDS ISSUED WITH A COVENANT OR COVENANTS NOT APPLICABLE 1. 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, 2017 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in Amount oflnterest 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 of Item 7 extended into the 2017 appropriation column. Sheet 38

37 MUNICIPALITIES ONLY IMPORTANT! This Sheet Must Be Completely Filled in orthe Statement Will be Considered Incomplete (N.J.S.A. 52:27BB-55 as Amended by Chap. 211 P.L. 1981) A. 1. Total Tax Levy for the Year was 19,039, Amount ofltem 1 Collected in 2017 (*) 18,806, Seventy (70) percent of Item 1 13,327, (*) Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year Answer YES or NO YES 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2017? Answer YES or NO YES If answer is "NO" give details NOTE: If answer to item Bl is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2018 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. NIA 1. Cash Deficit % of 2016 Tax Levy for all purposes: Levy-- = - 3. Cash deficit % of2017 Tax Levy for all purposes: Levy-- = E. Unpaid Total 1. State Taxes - 2. County Taxes 45, , Amounts due Special Districts G\S~.5~ q 5CL Amounts due Districts for Local School Tax Sheet 39

38 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 WATER AND SEWER UTILITY FUND AS AT DECEMBER 31, 2017 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" Water and Sewer Utility Operating Fund: Title of Account ~ ~ Cash and Cash Equivalents 1,116, Receivables and Other Assets with Full Reserves: Consumer Accounts Receivable 60, Deferred Charges: Emergency Appropriation 45, Appropriation Reserves: Unencumbered Encumbered 40, , Accounts Payable Rent Overpayments Third Party Liens Security Deposits 6, , , Accrued Interest on: NJ Water Supply Interconnection Loan NJ Environmental Infrastructure Trust Loan Serial Bonds Bond Anticipation Notes , , , , "C" Reserve for Receivables Fund Balance 60, , Totals 1,221, ,221, (Do not crowd - add additional sheets) Sheet 55

39 Title of Account ~ ~ 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 WATER AND SEWER UTILITY FUND AS AT DECEMBER 31, 2017 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must be Marked with "C" Water and Sewer Utility Capital Fund: Est. Proceeds Bonds and Notes Authorized 475, Bonds and Notes Authorized but Not Issued 475, Cash and Cash Equivalents 185, Fixed Capital 12,455, Fixed Capital Authorized and Uncompleted 450, Serial Bonds Payable 3,120, BANS Payable 1,155, NJ Water Supply Interconnection Loan Payable 42, NJ Environmental Infastructure Trust Loan Payable 354, Improvement Authorizations: Funded 103, Unfunded Capital Improvement Fund 56, Due Current Fund Reserve for Facility Improvements Reserve for Developer Contribution 13, Reserve for Amortization 7,781, Deferred Reserve for Amortization 450, Fund Balance 10, Totals 13,565, ,565, (Do not crowd - add additional sheets) Sheet SSA

40 SCHEDULE OF WATER AND SEWER UTILITY BUDGET BUDGET REVENUES Source Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Wntten Consent of Director of Local Government 02 Rents 1,410, ,527, , Water District Rents 2, , , Added by N.J.S. 40A:4-87: (List) Subtotal Deficit (General Budget) ** ,739, ,857, ** 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 , STATEMENT OF BUDGET APPROPRIATIONS Appropriations: Adopted Budget 1,739, Added by N.J.S. 40A:4-87 Emergency Total Appropriations 45, ,784, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures 1,784, Deduct Expenditures: Paid or Charged 1,741, Reserved 40, Surplus (General Budget) ** Total Expenditures Unexpended Balances Canceled (see footnote) 1,781, , 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". Sheet 58

41 STATEMENT OF 2017 OPERATION WATER AND SEWER UTILITY UTILITY NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2017 WATER AND SEWER UTILITY Utility Budget contained either an item ofrevenue "Deficit (General Budget)" or an item of appropriation "Surplus (General Budget)" Section 2 should be filled out in every case. SECTION 1: Revenue Realized: :xxxxxx Budget Revenue (Not Including "Deficit" (General Budget)") Miscellaneous Revenue Not Anticipated 2016 Aooropriation Reserves Canceled* Total Revenue Realized Expenditures: Aooropriations (Not Including "Surolus (General Budget)") Paid or Charged Reserved Expended Without Appropriation Cash Refund of Prior Year's Revenue Overexpenditure of Appropriation Reserves :xxxxxx xxxxxx - Excess Total Expenditures Less: Deferred Charges Included In Above "Total Exnenditures" Total Expenditures - As Adjusted Budget Appropriation - Surplus (General Budget) ** Balance of "Results of 2014 Operation" Remainder= ("Excess in Operations" - Sheet 60) Deficit j Anticipated Revenue - Deficit (General Budget) ** Balance of "Results of 2014 Operation" Remainder= ("Operating Deficit - to Trial Balance" - Sheet 60) - SECTION 2: The following Item of"2016 Appropriation Reserves Canceled in 2017" Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from thegeneral Budget of 2016 for an Anticipated Deficit in the Water and Sewer Utility for 2016: 2016 Appropriation Reserves Canceled in 2017 Less: Anticipated Deficit in 2016 Budget - Amount Received and Due from Current Fund -If non, enter "None" NONE * Excess (Revenue Realized) ** Items must be shown in same amount on Sheet 58. Sheet 59

42 RESULTS OF 2017 OPERATIONS- WATER AND SEWER UTILITY Excess in Anticipated Revenues I : II 118, Unexpended Balances of Appropriations : 2, Miscellaneous Revenue Not Anticipated : 151, Unexpended Balances of2016 Appropriation Reserves* : Cancellation of Prior Year Accounts Payable Deficit in Anticipated revenue Surplus Anticipated in Current Fund 25, , Emergency Operating Deficit - to Trial Balance xxxxx:xx Excess in Operations - to Operating Surplus 330, * See restriction in amount on Sheet 59, SECTION 2 355, : 355, OPERA TING SURPLUS - WATER AND SEWER UTILITY Balance January 1, I : II 952, Excess Resulting from Operations : Amount Appropriated in the 2017 Budget - Cash 326, Amount Appropriated in 2017 Budget - with Prior Written Consent of Director of Local Government Services Emergency Balance December 31, , ,282, , : : 1,282, Cash Investments ANALYSIS OF BALANCE DECEMBER 31, 2017 (FROM WATER AND SEWER UTILITY - TRIAL BALANCE) ,116, 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 2018 BUDGET * In the case ofa "Deficit in Operating Surplus Cash", "other Assets would be also pledged to cash liabilities , ,116, , , , , Sheet 60

43 SCHEDULE OF WATER & SEWER UTILITY ACCOUNTS RECEIVABLE Balance December 31, , Increased by: Water/Sewer Rents Levied 1,026, Decreased by: Collections Overpayments Applied Transfer to Water Liens Other 1,526, , ,527, Balance December 31, , SCHEDULE OF WATER AND SEWER LIENS - N/A Balance December 31, Increased by: Transfers from Accounts Receivable Penalties and Costs Other Decreased by: Collections Other Balance December 31, 2017 Sheet 61

44 DEFERRED CHARGES -MANDATORY CHARGES ONLY- W ATER AND SEWER UTILITY UTILITY FUND (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29) Amount Caused By Dec. 31, 2016 Amount in Amount Balance per Audit 2017 Resulting as at Report Budget from 2017 Dec.31, Emeq~encl 45, _ 45, * 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 JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In favor of On Account of Date Entered Amount Appropriated for in Budget of Year Sheet 62

45 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS WATER AND SEWER UTILITY UTILITY ASSESSMENT BONDS Outstanding, January 1, 2017 Issued Source :xxxxxx:x :xxxxxx:x 2018 Debt Service Paid Outstanding, December 31, 2017 : : 2018 Bond Maturities - Assessment Bonds 2018 Interest on Bonds * WATER AND SEWER UTILITY CAPITAL BONDS Outstanding, January 1, 2017 :xxxxxx:x 3,260, Issued Paid 140, :xxxxxx:x Outstanding, December 31, ,120, : 3,260, ,260, Bond Maturities - Capital Bonds 2018 Interest on Bonds * 145, , INTEREST ON BONDS - WATER AND SEWER UTILITY UTILITY BUDGET 2018 Interest on Bonds (*Items) 92, Less: Interest Accrued to 12/31/2017 (Itial Balance) 7, Subtotal 84, Add: Interest to be Accrued as of 12/31/2018 7, Required Appropriation i-; 92, LIST OF BONDS ISSUED DURING 2017 Purpose Date of Interest 2018 Maturity Amount Issued Issue Rate Sheet 63

46 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS WATER AND SEWER UTILITY LOAN Source 2018 Debt Service Outstanding, January 1, 2017 xx:xxxxx 62, Issued xx:xxxxx Paid 20, xx:xxxxx Outstanding, December 31, , xx:xxxxx 62, , Loan Maturities 20, Interest on Loans * 1, WATER AND SEWER UTILITY LOAN Outstanding, January 1, 2017 xx:xxxxx 403, Issued xx:xxxxx Paid 48, xx:xxxxx Outstanding, December 31, , , , Loan Maturities 47, Interest on Loans * 9, INTEREST ON LOANS - WATER AND SEWER UTILITY BUDGET 2018 Interest on Loans (*Items) 10, Less: Interest Accrued to 12/31/2017 (Trial Balance) 3, Subtotal 7, Add: Interest to be Accrued as of 12/31/2018 2, Required Appropriation 2018 LIST OF LOANS ISSUED DURING 2017-N/A Date ot Purpose 2018 Maturity Amount Issued Issue Is Tnterest Rate 10, Sheet 63a