UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL

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3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has compiled with the regula tions governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2015 as required under N.J.A.C. 5: Printed Name: ffl-ul BtAnc*; i^- Signature: Certificate #: Date: dofrd^h -? -/^ Sheet lb

4 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One ofthefollowing Certifications must be signedby the ChiefFinancial Officer if your municipality is eligible for local examination. CERTIFICATION OF QUALIFYING MUNICIPALITY 1. The outstanding indebtedness ofthe previous fiscal year is not in excess of3.5% 2. All emergencies approved for the previous fiscal year did not exceed 3% oftotal 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 la ofthe 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 will not apply for Transitional Aid for 201 #. The undersigned certifies that this municipality has complied in full in meeting ALL ofthe above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Borough ofocean Gate Chief Financial Officer: Signature: Certificate #: N-0679 I%ilette Konopka Y^LUMjtik fy)w^orycpf> Date: CERTIFICATION OF NON-QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet Item(s)# ofthe criteria above and therefore does not qualify for local examination ofits Budget in accordance with N.J.A.C. 5: Municipality: Borough ofocean Gate Chief Financial Officer: / yaulette Konopka Signature: l^c^ujmm^ /?7gp(m<y3/ Certificate #: N-0679 Date: Sheet lc

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7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND 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 DEBIT CREDIT Cash 3,797, Cash - Change fund Receivables and Other Assets with Full Reserves: Delinquent Property Taxes Recievable 197, Tax Title Liens Receivable 6, Revenue Accounts Receivable 2, Interfunds: Grant Fund 76, Water Operating Fund 12, General Capital 84, Deferred Charges Special Emergency Authorizations (40A:4-55) 73, FEMA Community Disaster Loan (Memo) 439, Appropriation Reserves 222, Reserve for Encumbrances 17, Tax Overpayments 4, Prepaid Taxes 43, Due to/from State of New Jersey: Marriage License Fees Construction Code Fees 7, P. L. 1971, Ch Reserve for: Recovery from Hurricane Sandy 1,247, Accounts Payable 3, Due County for Added and Omitted Taxes 5, Local District School Tax Payable 176, Regional District School Tax Payable 10, Interfunds: General Capital Sewer Operating Fund 61, Trust Other 10, SUBTOTAL - Cash Liabilities 1,802, Emergency Notes Payable - FEMA Community Disaster Loan (Memo) 439, Reserve for Receivables and Other Assets 380, Fund Balance 2,075, TOTALS 4,698, ,698, (Do not crowd - add additional sheets) Sheet 3

8 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2015 TITLE OF ACCOUNT DEBIT CREDIT Federal and State Grants Receivable 886, Interfunds: Current Fund 76, Reserve for: Grants Unappropriated - Grants Appropriated 809, Encumbrances TOTAL 886, , (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, 2015 TITLE OF ACCOUNT DEBIT CREDIT Animal Control Fund: Cash 2, Due to Current - Reserve for Animal Control Fund Expenditures 2, Fees Due to State of New Jersey 3.60 Other Trust Fund: Cash 194, Interfund Receivable - Current Fund 10, Reserve for Deposits and Reserves 204, TOTAL 204, , (Do not crowd - add additional sheets) Sheet 6

10 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2014: (1) 7, (2) 1, % Municipal Public Defender Trust Cash Balance December 31, 2015: (3) 2, 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 1998, C Chief Financial Officer: Paulette Konopka Signature: Certificate #: N-0679 Date: Sheet 6a

11 SCHEDULE OF TRUST FUND RESERVES PURPOSE AMOUNT BALANCE DEC. 31, 2014 AS PER AUDIT DECEMBER 31, REPORT RECEIPTS DISBURSEMENTS Board of Recreation Commission 10, , , , Boardwalk Improvements 4, , Developers Escrow 10, , , , Jason Marles Memorial Foundation 2, , Municipal Alliance 3, , Outside Employment of Off-Duty Police Officers 14, , , , Parking Offenses Adjudication Act Premium on Tax Sales 95, , , , Public Defender 1, , Recreation Building Security Deposit 10, , Third Party Tax Title Lien 1, , , , TOTALS 155, , , , Sheet 6b

12 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2015 TITLE OF ACCOUNT DEBIT CREDIT Estimated Proceeds Bonds & Notes Authorized 71, XXXXXX Bonds & Notes Authorized but Not Issued XXXXXX 71, Cash 167, Grants Receivable 89, Deferred Charges to Future Taxation: Funded 1,241, Unfunded 2,493, Interfund -Water Utility Capital Fund 2, Capital Improvement Fund 26, Improvement Authorizations: Funded 71, Unfunded 29, Bond Anticpation Notes 2,527, Serial Bonds 1,241, Reserve for Donations 10, Reserve for Capital Projects 1, Fund Balance Interfund - Current Fund 84, TOTAL 4,064, ,064, (Do not crowd - add additional sheets) Sheet 8

13 CASH RECONCILIATION DECEMBER 31,2015 Cash * On Hand On Peposjt Less Checks Outstanding Cash Book Balance Current ,902, , ,798, Trust - Dog License 4, , , Trust - Other 203, , , Capital - General 167, , Water - Operating 389, , , Water - Capital 322, , Sewer - Operating 220, , Sewer - Capital 31, , Payroll 24, , , Public Assistance** TOTAL ,265, , ,127, * - Include Deposits In Transit ** - Be sure to include a Public Assistance reconciliation and trial balance ifthe 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 31,2015. I also certify that all amounts, ifany, shown for Investments in Savings & Loan Associations on any trial balance have been verified the applicable passbooks at December 31,2015. All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY T^OE REGISTERED MUNICIPACAfccOUNTANT (STATUTORY AUDITOR OR CHIEF FINANCIAL OFFICER) defending on who prepared this AnEtuaJ^inancial Statement as certified to on Sheet 1or 1(a). Signature: Title: Registered Municipal Accountant Sheet 9

14 CASH RECONCILIATION DECEMBER 31, 2015 (CONT'D) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" BANK ACCOUNTS ACCOUNT NAME AMOUNTS Current Fund: Ocean First Bank Account Ending in ,902, Animal Control Trust Fund: Ocean First Bank Account Ending in , Other Trust Fund: Ocean First Bank Account Ending in , Ocean First Bank Account Ending in , Ocean First Bank Account Ending in , Ocean First Bank Account Ending in Ocean First Bank Account Ending in , Ocean First Bank Account Ending in , Ocean First Bank Account Ending in , General Capital Fund: Ocean First Bank Account Ending in , Water Utility Fund: Ocean First Bank Account Ending in , Ocean First Bank Account Ending in , Sewer Utility Fund Ocean First Bank Account Ending , Ocean First Bank Account Ending , Payroll Fund Ocean First Bank Account Ending , Grand Total - details of "Cash on Deposit" 5,265, Note: Sections N.J.S.40A-61, 40A:4-62 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

15 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2015 BALANCE BUDGET TRANSFERRED BALANCE JANUARY 1, REVENUE FROM DECEMBER 31, GRANT 2015 REALIZED RECEIVED CANCELLED UNAPPROPRIATED 2015 Alcohol Education and Rehabilitation Fund $ $ $ - $ - - Body Armor Fund 1, , Clean Communities 4, , Community Development Block Grant 4, , , Cops in Shops 1, , Domestic Violence Grant Drunk Driver Over the Limit Drunk Driving Enforcement Fund Reimbursement Program 11, , , Municipal Alliance Grant 30, , , , NJ Transportation Trust Fund Authority Act Anglesea Avenue 39, , Wildwood and Navesink Avenue 46, , Narragansette Avenue Phase II 72, , Narragansette Avenue 18, , Monmouth Avenue 375, , Asbury Ave 250, , Ocean County Recycling Grant Office of Emergency Management E.O.C Renovation Grant 2, , Page Totals 600, , , , Sheet 10

16 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2015 BALANCE BUDGET TRANSFERRED BALANCE JANUARY 1, REVENUE FROM DECEMBER 31, GRANT 2015 REALIZED RECEIVED CANCELLED UNAPPROPRIATED 2015 Recycling Tonnage Grant $ 4, $ $ - $ - $ - 5, Watershed Repair Program 4, , Wind Scholarship Grant Totals $ 610, $ 306, $ 29, $ - $ - $ 886, Sheet 10a

17 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2015 Balance Budget Appropriations Township Balance January 1, Appropriation Matching Encumbrances December 31, Grant 2015 Budget By 40A:4-87 Share Reclassified Expended Encumbered Canceled 2015 Alcohol Education and Rehabilitation 2, , Body Armor Fund 2, , , Clean Commmunities Program 3, , , , Community Development Block Grant 8, , , , Cops in Shops 1, , , , Domestic Violence Grant Driving While Intoxicated Drunk Driver Over the Limit Drunk Driving Enforcement Fund 2, , Reimbursement Program 2, , , , Hazardous Waste Grant 12, , , Municipal Alliance Grant: Grant Portion 26, , , , Matching Portion 3, , , , Page Total $ 65, $ 19, $ 40, $ - $ 8, $ 62, $ $ - $ 70, Sheet 11

18 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Transferred From 2015 Balance Budget Appropriations Township Balance January 1, Appropriation Matching Encumbrances December 31, GRANT 2015 Budget By 40A:4-87 Share Reclassified Expended Encumbered Canceled 2015 NJ Transportation Trust Fund: Anglesea Avenue 11, , Narragansette Avenue Phase II 68, , Narragansette Avenue 17, , Monmouth Avenue 373, , Asbury Ave 250, , Office of Emergency Management E.O.C Renovation Grant Police Accreditation Recycling Tonnage Grant 11, , Stormwater Management 4, , Wind Scholarship Fund Ocean County Recying Grant 1, , Totals $ 553, $ 19, $ 290, $ - $ 8, $ 62, $ $ - $ 809, Sheet 11a

19 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred From 2015 Balance Budget Appropriations Transferred to Balance January 1, Appropriation 2015 Grants December 31, Grant 2015 Budget By 40A:4-87 Appropriated Received 2015 $ - $ - $ - $ - $ - $ - $ - $ Totals $ - $ - $ - $ - $ - $ - $ - $ - Sheet 12

20 *LOCAL DISTRICT SCHOOL TAX DEBIT CREDIT Balance January 1, 2015 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2015 to June 30, ,651, Levy Calendar Year, 2015 Paid 1,644, Balance, December 31, 2015 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) ,821, ,821, *Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local school #Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX NOT APPLICABLE DEBIT CREDIT Balance, January 1, Levy Added Taxes Interest Earned Miscellaneous Revenues Expenditures - 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, 2015 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) , Levy School Year July 1, 2015 to June 30, , Levy Calendar Year, 2015 Paid 921, Balance, December 31, 2015 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) , #Must include unpaid requisitions. 1,277, ,277, REGIONAL HIGH SCHOOL TAX NOT APPLICABLE DEBIT CREDIT Balance, January 1, 2015 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2015 to June 30, 2016 Levy Calendar Year, 2015 Paid Balance, December 31, 2015 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) #Must include unpaid requisitions. Sheet 14

22 COUNTY TAXES PAYABLE DEBIT CREDIT Balance, January 1, 2015 County Taxes Due County for Added and Omitted Taxes , Levy: General County , County Library , County Health 31, County Open Space Preservation 27, Due County for Added and Omitted Taxes , Paid 969, Balance, December 31, 2015 County Taxes Due County for Added & Omitted Taxes 5, SPECIAL DISTRICT TAXES 975, , NOT APPLICABLE DEBIT CREDIT Balance, January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage Open Space Total 2015 Levy Paid Balance, December 31, Footnote: Please state the number of districts in each instance. Sheet 15

23 NOT APPLICABLE STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID DEBIT CREDIT Balance, January 1, State Library Aid Received in Expended Balance, December 31, RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance, January 1, State Library Aid Received in Expended Balance, December 31, RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A.40:54-35) Balance, January 1, State Library Aid Received in Expended Balance, December 31, RESERVE FOR LIBRARY SERVICE WITH FEDERAL AID Balance, January 1, State Library Aid Received in Expended Balance, December 31, Sheet 16

24 STATEMENT OF GENERAL BUDGET REVENUES 2015 Excess or Source Budget Realized Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget 583, , , Added by N.J.S.40A:4-87: (List on 17a) 292, , Total Miscellaneous Revenue Anticipated , , , Receipts From Delinquent Taxes , , , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,667, (b) Addition to Local District School Tax Total Amount to be Raised by Taxation ,667, ,786, , ,642, ,830, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,015, Amount to be Raised by Taxation Local District School Tax ,651, Regional School Tax , Regional High School Tax County Taxes , Due County for Added and Omitted Taxes , Special District Taxes Municipal Open Space Tax Reserve for Uncollected Taxes , Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) *Excess Non-Budget Revenue (see footnote) ,786, *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 "Nonbudget Revenue" only. 5,328, ,328, Sheet 17

25 STATEMENT OF GENERAL BUDGET REVENUES 2015 (Continued) Miscellaneous Revenues Anticipated: Added hy N..T.S. 40A:4-87 SOURCE BUDGET REALIZED EXCESS OR DEFICIT* NJ Department of Transportation Community Development Block Grant Body Armor Fund CountyRecyclingTonnage Municipal Alcohol Education/Rehabilitation Program Cops in Shops Clean Communities Insurance Reimbursement - Hurricane Sandy 250, , , , , , Total rsheet \7) Ihereby certify that ttevabove lit ofchapter 159 insertions ofrevenue have been realized in cash or Ihave received written notification of the afraid of public or private revenue. These insertions meet the statutory requirements of N.J.S.A.40A:4-87 and matching fundtf have been provided if applicable. CFO Signature;. hjuudt^ /Y)M<yvi<p ~ Sheet 17a

26 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,349, Budget - Added by N.J.S.40A: , Appropriated for 2015 (Budget Statement Item 9) ,642, Appropriated for 2015 by Emergency Appropriation (Budget Statement Item 9) , Total General Appropriations (Budget Statement Item 9) ,716, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,716, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,177, Paid or Charged - Reserve for Uncollected Taxes , Reserved , Total Expenditures ,712, 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 aggregat with item. RE: UNEXPENDED BALANCES CANCELLED: 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 Cancelled" NOT APPLICABLE SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2015 Authorizations N.J.S. 40A:4-46 (After Adoption of Budget) N.J.S. 40A:4-20 (Prior to Adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

27 RESULTS OF 2015 OPERATION CURRENT FUND DEBIT CREDIT Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2015 Budget Reserves , 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 2014 Appropriation Reserves , Prior Years Interfunds Returned in Prior Years Accounts Payable Cancelled Federal & State Grants Appropriated Cancelled Tax Overpayments Cancelled 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 , Adjustment for State and Federal Grants Prior Year Senior Citizens' and Veterans' Disallowed Prior Year Refunds 5, Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) , , , Sheet 19

28 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED SOURCE AMOUNT REALIZED Miscellaneous $ 7, Copy Fees Police Reports Ocean County Recycling Money 1, Interest on Court Accounts 2.02 Adrian Hall Rental OG Yacht CL Land RT Marriage License Fee-Boro Share State of NJ DMV-Inspection Fines Third Party Reimbursement 32, Sale of Old Property/Fixed Assets 13, Health Benefits Reimbursement 20, Lien Payoff Redemption Fee Senior Citizen/Veteran Admin Fee Finance MRNA 10, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $ 87, Sheet 20

29 SURPLUS - CURRENT FUND - YEAR 2015 DEBIT CREDIT 1. Balance, January 1, ,570, Excess Resulting From 2015 Operations , Amount Appropriated in the 2015 Budget - Cash , Amount Appropriated in 2015 Budget - With Prior Written Consent of Director of Local Government Services Balance, December 31, ,075, ANALYSIS OF BALANCE DECEMBER 31, 2015 (FROM CURRENT FUND - TRIAL BALANCE) 2,934, ,934, Cash ,797, Investments Change Fund Subtotal 3,798, Deduct Cash Liabilities Marked with "C" on Trial Balance ,802, Cash Surplus ,995, Deficit in Cash Surplus ( ) Other Assets Pledged to Surplus: * (1)Due From State of N.J. Senior Citizens & Veterans Deduction Deferred Charges # , Cash Deficit # Due From State 7, Emergency Notes Payable - Total Other Assets , ,075, *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 2016 BUDGET. (1)MAY BE ALLOWED UNDER CERTAIN CONDITIONS. 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 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 LEVY 1. Amount of Levy as Per Duplicate (Analysis) # $ 5,206, 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 $ 51, a. Subtotal 2015 Levy $ 5,257, b. Reductions due to tax appeals ** 5c. Total 2015 Levy $ 5,257, Transferred to Tax Title Liens $ 2, Transferred to Foreclosed Property Remitted, Abated or Canceled $ 42, Discount Allowed Collected in Cash - In $ 34, In 2015 * $ 4,855, State's Share of 2015 Senior Citizen & Veteran Deductions Allowed $ 26, Homestead Benefit Credit $ 98, Total to Line $ 5,015, Total Credits $ 5,060, Amount Outstanding, December 31, $ 196, Percentage of Cash Collections to Total 2015 Levy (Item 10 Divided by Item 5) is 95.39% Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale Check here & complete sheet 22a. & complete sheet 22a. 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 5,015, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 5,015, 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 collection would be $1,049, divided by $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 Citizen and Veteran Deductions. * Include overpayments applied as part of 2015 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 introdution of municipal budget. Sheet 22

31 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS DEBIT CREDIT 1. Balance January 1, 2015 Due From State of New Jersey Due to State of New Jersey 2. Sr. Citizens Deductions Per Tax Billings 5, Veterans Deductions Per Tax Billings 21, Sr. Citizens Deductions Allowed By Tax Collector 5. Veterans Deductions Allowed by Tax Collector , Veterans Deductions Allowed by Tax Collector Sr. Citizens Deductions Disallowed By Tax Collector Veterans Deductions Disallowed By Tax Collector Sr. Citizens Deductions Disallowed By Tax Collector 2014 Taxes 1, Received in Cash From State 26, Cancelled to Surplus 12. Adjustment 12. Balance December 31, 2015 Due From State of New Jersey - Due To State of New Jersey , , Calculation of Amount to be included on Sheet 22, Item Senior Citizen and Veterans Deductions Allowed: Line 2 5, Line 3 21, Line 4 and 5 1, Subtotal 27, Less: Line 7 and 8 1, To Item 10, Sheet 22 26, Sheet 23

32 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2016 MUNICIPAL BUDGET YEAR 2016 YEAR Total General Appropriations for 2016 Municipal Budget Statement Item 8(L) (Exclusive of Reserve for Uncollected Taxes) ,036, Local District School Tax - 3. Regional School District Tax - Actual ,651, Estimate ** ,667, Actual , Estimate * , Actual Regional High School Tax - School Budget Estimate * County Tax - 6. Special District Taxes - 7. Municipal Open Space Tax Actual , Estimate * , Actual Estimate * Actual Estimate * Total General Appropriations & Other Taxes ,609, Less: Total Anticipated Revenues From 2016 in Municipal Budget (Item 5) Cash Required From 2015 Taxes to Support Local Municipal Budget & Other Taxes ,609, Amount of Item 10 Divided by 94.00% ( ) Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) ,031, ANALYSIS OF ITEM 11: *May not be stated in an amount Local District School Tax (Amount Shown on Line 2 Above) 1,667,573 less than "actual" Tax of year 2015 Regional School District Tax (Amount Shown on Line 4 Above) 931,121 ** Must be stated in the amount of the proposed budget submitted by the Local Regional High School Tax (Amount Shown on Line 5 Above) Board of Education to the Commissioner of Education on January 15, 2016 (Chap. County Tax (Amount Shown on Line 6 Above) Special District Tax (Amount Shown on Line 7 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above) 973, , P.L. 1978). Consideration must be given to calendar year calculation. Tax in Local Municipal Budget 3,458,733 Total Amount (See Line 11) 7,031, Appropriation: Reserve for Uncollected Taxes Budget Statement, Item 8(M) (Item 11, Less Item 10) ,883 Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations Note: 3,036,850 The amount of anticipated revenues Item 12 - Appropriation: Reserve for Uncollected Taxes 421,883 (Item 9) may Never exceed the total of Subtotal 3,458,733 Items 1 and 12 Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget ,458,733 Sheet 25

33 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS 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 Added Tax Title Liens Adjustment Between Taxes (Other Than Current Year) & Tax Title Liens: A. Taxes - Transfers To Tax Title Liens (1) B. Tax Title Liens - Transfers From Taxes (1) Balance Before Cash Payments 255, Totals 255, , Balance Brought Down 255, Collected: 251, A. Taxes , B. Tax Title Liens Interest and Costs Tax Sale Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 455, , Percentage of Cash Collection to Adjusted Amount Outstanding - (Item No. 10 Divided by Item No.9) is 98% 17. Item No. 14 Multiplied by Percentage Shown Above is $ 200, 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

34 - MANDATORY CHARGES ONLY - CURRENT, TRUST AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S.40A:4-55, N.J.S.40A: or N.J.S.40A: listed on Sheets 29 and 30.) Amount Dec. 31, 2014 Amount in Amount Balance Per Audit 2015 Resulting as of Caused By Report Budget From 2015 Dec. 31, Emergency Authorization - Municipal * - 2. Emergency Authorizations - Schools * Do not include items funded or refunded as listed below. DEFERRED CHARGES EMERGENCY AUTHORIZATIONS UNDER N.J.S.A 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 Appropriated For In Budget of In Favor Of On Account Of Date Entered Amount Year 2016 Sheet 28

35 N.J.S. 40A:4-53 SPECIAL EMERGENCY- TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Not Less 1/5 OfAmount Authorized 11/20/2012 Recovery from Hurricane Sandv , , /15/2015 Reassessment ofreal Property , m _. _, m.. Balance Dec. 31, 2014 By 2015 Budget Reduced In 2015 Canceled By Resolution. _ Balance Dec. 31, l TOTALS J 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'ecorded on4hjj j^r & Oi-ttb f)'xzp^\ovrf3 * * Not less than one-fifth (1/5) of amount authorized but not morethan the amountshown in the column "BalanceDec. 31,2015" mustbe entered here and then raised in the 2016 budget. ChiefFinancial Officer Date Purpose Amount Authorized t/>

36 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2016 DEBT SERVICE FOR BONDS (MUNICIPAL) GENERAL CAPITAL BONDS 2016 DEBT DEBIT CREDIT SERVICE Outstanding January 1, ,376,000 Issued Paid ,000 Refunded Bonds Outstanding December 31, ,241,000 1,376,000 1,376, Bond Maturities - General Capital Bonds , Interest on Bonds * ,191 ASSESSMENT SERIAL BONDS Outstanding January 1, Issued Paid Outstanding December 31, Bond Maturities - Assessment Bonds Interest on Bonds * Total "Interest on Bonds - Debt Service" ( * Items) ,191 LIST OF BONDS ISSUED DURING AMOUNT DATE OF INTEREST PURPOSE MATURITY ISSUED ISSUE RATE TOTAL Sheet 31

37 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2016 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS 2016 DEBT DEBT CREDIT SERVICE Outstanding January 1, Paid Outstanding December 31, Bond Maturities - Term Bonds Interest on Bonds * TYPE I SCHOOL SERIAL BOND Outstanding January 1, Issued Paid Outstanding December 31, Bond Maturities - Term Bonds Interest on Bonds * Total "Interest on Bonds - Type I School Debt Service" (* Items) LIST OF BONDS ISSUED DURING Amount Maturity Issued Date of Interest Purpose Issue Rate Total INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding Dec. 31, Interest Requirement 1. Emergency Notes Special Emergency Notes Tax Anticipation Notes Interest on Unpaid State & County Taxes Sheet 32

38 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Amount 2016 Budget Requirement Original Original of Note Date Rate Interest Title or Purpose of Issue Amount Date of Outstanding of of For For Computed to Issued Issue * Dec. 31, 2015 Maturity Interest Principal Interest (Insert Date) ** Demolition of Old Municipal Building 118, /20/07 93, /20/ % $ 1, Construction and Installation of Wind Turbine 325, /18/09 189, /20/ % $ 2, Boardwalk Repairs 28, /29/10 24, /20/ % $ Reconstruction of Wildwood Avenue Pier 171, /25/11 149, /20/ % $ 1, Various Capital Improvements 83, /07/13 83, /20/ % $ / Various Capital Improvements - Superstorm Sandy 3,000, /19/13 1,986, /16/ % $ 17, $ - 8. $ - 9. $ $ $ - TOTAL 3,726, XXXXX 2,527, XXXXX - 24, Memo: Type I School Notes should be separately listed and totaled Memo: Refunding Bond Anticipation Notes Notes should be separately listed and totaled * " Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued All notes with an original date of issue of 2013 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2016 o 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 (Do not crowd - add additional sheets) Sheet 33

39 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Balance January 1, 2015 Balance December 31, 2015 Specify each authorization by purpose. Do not merely designate 2015 Encumbrances Reserve for Authorizations by code number. Authorizations Reclassified Expended Encumbrances Cancelled Funded Unfunded Funded Unfunded Construction of New Municipal Building 64, , Beach Improvements 7, , Various Improvements Stone Harbor Avenue Road Improvements Demolition of the Old Municipal Building - 4, , Construction and Installation of One or More Municipal Wind Turbine Electrical Generating Stations Reconstruction of Wildwood Avenue Pier - 19, , Various Capital Improvements and Other Related Expenses - 11, , , /577 Various Capital Improvements and Other Related Expenses , , , , , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization. Sheet 35

40 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND DEBIT CREDIT Balance January 1, , Received from 2015 Budget Appropriation* , Improvement Authorizations Canceled (Financed in whole by the Capital Improvement fund) Preliminary Expenses Canceled (Financed by 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 2015 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. 26, , Sheet 36

41 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR DEBIT CREDIT Balance January 1, Premium on Sale of Bonds Funded Improvement Authorizations Canceled Premium on Sale of Notes Appropriated to Finance Improvement Authorizations Appropriated to 2015 Budget Revenue Balance December 31, BONDS ISSUED WITH A COVENANT OR COVENANTS 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, 2015 $ - 2. Amount of Cash in Special Trust Fund as of December 31, 2015 (Note A) $ - 3. Amount of Bonds Issued Under Item 1 Maturing in 2016 $ - 4. Amount of Interest on Bonds with a Covenant Requirement $ - 5. Total of 3 and 4 - Gross Appropriation $ - 6. Less: Amount of Special Trust Fund to be Used $ - 7. Net Appropriation Required $ - NOTE A - This amount to be supported by confirmation from bank or banks Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto. Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of item 7 extended into the 2016 appropriation column. Sheet 38

42 MUNICIPALITIES ONLY IMPORTANT This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete (N.J.S.A.52:27BB-55 AS AMENDED BY CHAPTER 211, P.L. 1981) A. 1. Total Tax Levy for the Year 2015 was 5,257, Amount of Item 1 Collected in 2015 (*) 5,015, Seventy (70) percent of Item 1 3,680, (*) Including Prepayments and overpayments applied B. 1. Did any maturities of bonded obligations or notes fall due during the year 2015? Answer YES or NO YES 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2015? Answer YES or NO YES NOTE: If Answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2015 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? Answer YES or NO: NO D. 1. Cash Deficit % of 2014 Tax Levy for all purposes: Levy - - = 3. Cash Deficit % of 2015 Tax Levy for all purposes: Levy - - = - E. Unpaid Total 1. State Taxes 2. County Taxes 5, , Amounts Due Special Districts: 4. Amounts Due Local School District For Tax 176, , Sheet 39

43 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in the General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE - WATER UTILITY FUND AS AT DECEMBER 31, 2015 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit Operating Fund: Cash 376, Interfunds: Water Utility Capital Fund 125, FEMA Community Disaster Loan (Memo) 50, Consumer Accounts Receivable 37, Appropriation Reserves 27, Reserve for Encumbrances 6, Water Rent Overpayments 1, Accrued Interest on Bonds, Loans and Notes 5, Interfund - Current 12, SUBTOTAL - Cash Liabilities 53, C FEMA Community Disaster Loan (Memo) 50, Reserve for Receivables 37, Fund Balance 449, TOTAL 590, , (Do not crowd - add additional sheets) Sheet 41

44 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in the General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE - WATER UTILITY FUND AS AT DECEMBER 31, 2015 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit Capital Fund: Cash 322, N.J. Environmental Infrastructure Loan Receivable 15, Fixed Capital 1,397, Fixed Capital Authorized and Uncompleted 2,721, Capital Improvement Fund 18, Improvement Authorizations: Funded 11, Unfunded 1,668, Reserve for Amortization 1,138, Deferred Reserve for Amortization 386, Serial Bonds 44, USDA Loan 135, Bond Anticipation Notes 444, N.J. Environemental Infrastructure Loans 481, Interfund: General Capital Fund 2, Water Utility Operating Fund 125, Est. Proceeds Bonds and Notes Authorized 1,488, Bonds and Notes Authorized But Not Issued 1,488, Grand Total Debits / Credits 5,945, ,945, (Do not crowd - add additional sheets) Sheet 41a

45 SCHEDULE OF WATER UTILITY 2015 BUDGET BUDGET REVENUES Source Budget Received Excess or in Cash Deficit* Operating Surplus Anticipated , , Surplus Anticipated with Consent of Director of Local Govt. Services Rents , , , Fire Hydrant Service Miscellaneous , , , Insurance Reimbursement 57, , Added by N.J.S. 40A:4-87: (List) xxx xxx xxx Subtotal 381, , , Deficit (General Budget) ** , , , ** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree with amounts shown for such items on Sheet 45 STATEMENT OF BUDGET APPROPRIATIONS Appropriations: xxx Adopted Budget 381, Added by N.J.S. 40A:4-87 Emergency Total Appropriations 381, Add: Overexpenditures (See Footnote) Total Appropriations and Overexpendituress 381, Deduct Expenditures: Paid or Charged 354, Reserved 27, Surplus (General Budget)** - Total Expenditures 381, Unexpended Balance 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" Sheet 44

46 STATEMENT OF 2015 OPERATION WATER UTILITY NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2015 Water (N/A) Utility Budget contained either an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (General Budget)" Section 2 should be filled out in every case. SECTION 1: SECTION 1 NOT APPLICABLE Revenue Realized: Budget Revenue (Not Including "Deficit (General Budget)") Miscellaneous Revenue Not Anticipated 2014 Appropriation Reserves Canceled * xxxxx Total Revenue Realized - Expenditures: xxxxx Appropriations (Not Including "Surplus (General Budget)") xxxxx Paid or Charged Reserved Expended Without Appropriation Cash Refund of Prior Year's Revenue Overexpenditure of Appropriation Reserves Total Expenditures - Less: Deferred Charges Included In Above "Total Expenditures" Total Expenditures - As Adjusted - Excess - Budget Appropriation - Surplus (General Budget) ** - Remainder = Balance of "Results of 2015 Operations" - ("Excess in Operations" - Sheet 46) Deficit - Anticipated Revenue - Deficit (General Budget) ** - Remainder = Balance of "Results of 2015 Operations" - ("Operating Deficit - to Trial Balance" - Sheet 46) SECTION 2: The following Item of " 2014 Appropriation Reserves Canceled in 2015" Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the General Budget of 2014 for an Anticipated Deficit in the Water (N/A) Utility for 2014: 2014 Appropriation Reserves Canceled in , Less: Anticipated Deficit in 2014 Budget - Amount Received and Due from Current Fund - If none, enter "None" None * Excess (Revenue Realized) 50, * * Items must be shown in same amounts on Sheet 44. Sheet 45

47 RESULTS OF 2015 OPERATIONS WATER UTILITY Debit Credit Excess in Anticipated Revenues xxxx 62, Unexpended Balances of Appropriations xxxx Miscellaneous Revenue Not Anticipated xxxx Unexpended Balances of 2014 Appropriation Reserves * xxxx 50, Interfund Originating in , Deficit in Anticipated Revenue xxxx xxxx Operating Deficit - to Trial Balance xxxx - Excess in Operations - to Operating Surplus 103, xxxx * See restrictions in amount on Sheet 45, SECTION 2 113, , OPERATING SURPLUS - WATER UTILITY Debit Credit Balance January 1, 2015 xxxx 385, Excess in Results of 2015 Operations xxxx 103, Amount Appropriated in 2015 Budget-Cash 40, xxxx Amount Appropriated in 2015 Budget with Prior Written Consent of Director of Local Government Services xxxx Balance December 31, , xxxx ANALYSIS OF BALANCE DECEMBER 31, 2015 (FROM WATER UTILITY - TRIAL BALANCE) 489, , Cash 376, Investments Interfund Accounts Receivable 125, Subtotal 502, Deduct Cash Liabilities Marked with "C" on Trial Balance 53, Operating Surplus Cash or (Deficit in Operating Surplus Cash) 449, Other Assets Pledged to Operating Surplus * Deferred Charges # Operating Deficit # Total Other Assets - # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2016 BUDGET. 449, * In the case of a "Deficit in Operating Surplus Cash", "Other Assets" would also be pledged to cash liabilities. Sheet 46

48 SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE Balance, December 31, 2015 $ 40, Increased by: Water Rents Levied $ 340, Decreased by: Collections $ 329, Overpayments applied $ 3, Transfer to Water Liens $ - Other $ 11, $ 344, Balance, December 31, 2015 $ 37, SCHEDULE OF WATER (N/A) UTILITY LIENS Balance, December 31, 2015 $ Increased by: Transfers from Accounts Receivable $ - Penalties and Costs $ - Other $ - $ - Decreased by: Collections $ - Other $ - $ - Balance, December 31, 2015 $ - Sheet 47