THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:

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2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the post-closing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the of as of December 31, 20 and have applied certain agreed-upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended. Because the agreed-upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post-closing trial balances, related statements and analyses. In connection with the agreed-upon procedures, (except for circumstances as set forth below, no matters) or (no matters) [eliminate one] came to my attention that caused me to believe that the Annual Financial Statement for the year ended is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole. Listing of agreed-upon procedures not performed and/or matters coming to my attention of which the Director should be informed: NOT APPLICABLE (Registered Municipal Accountant) (Firm Name) (Address) (Address) Certified by me This day of, 2011 (Phone Number) ( ) (Fax Number) Sheet 1a

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5 Fed I.D. # Township of Mount Olive Municipality Morris County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: 12/31/10 (1) (2) (3) Federal Programs Expended State Other Federal (administered by Programs Programs the State) Expended Expended TOTAL $ 48, $ 222, $ Type of Audit required by OMB A-133 and OMB 04-04: Single Audit XXX Program Specific Audit Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book) Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB A-133 (Revised 6/27/03) and OMB The single audit threshold has been increased to $500,000 beginning with fiscal year ending 12/31/03. Expenditures are defined in Section 205 of OMB A-133. (1) Report expenditures from federal pass-through programs received directly from state governments. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments. 12/31/10 Signature Of Chief Financial Officer Sheet 1d Date

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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, 2010 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash and Cash Equivalents $4,444, Change Funds $1, Subtotal $4,445, Due from the State - Vets/Senior Deductions $31, Receivables with Offsetting Reserves: 2007 Taxes Receivable $1, Taxes Receivable $2, Taxes Receivable $9, Taxes Receivable $1,038, Tax Title Liens Receivable $346, Subtotal $1,398, Foreclosed Property $4,380, Revenue A/R - UCC Fees $11, Revenue A/R - Municipal Court $30, Subtotal $4,421, Deferred Charges and Emergencies: Special Emergency - 5 years $84, Subtotal Assets $10,381, (Do not crowd - add additional sheets) Sheet 3

8 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2010 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Reserve for Encumbrances $481, Appropriation Reserves $142, Subtotal $624, Prepaid Taxes $476, Due to the State - Marriage $ Reserve for: Tax Appeals $193, Tax Sale Premiums $209, Garden State Trust Fund $66, Watershed Moratorium Aid $9, Subtotal $1,580, "C" Reserve for Receivables $5,820, Fund Balance $2,981, GRAND TOTAL $10,381, $10,381, (Do not crowd - add additional sheets) Sheet 3a

9 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 and #2* AS AT DECEMBER 31, 2010 Title of Account Debit Credit NOT APPLICABLE (Do not crowd - add additional sheets) * To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4

10 POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2010 Title of Account Debit Credit Cash and Cash Equivalents $54, Grant Receivable $82, Appropriated Reserves: Drunk Driving Enforcement Fund $8, Clean Communities Grant $13, Alcohol, Education and Rehabilitation $3, Body Armor Grant $11, Holiday Over the Limit Under Arrest $4, Highlands Council Grant $37, State Health Services Grant $11, Water Use and Conservation Grant $5, State Health Services - Emergency Response $2, Unappropriated Reserve - Bulletproof Vest $ Encumbrances Payable $39, GRAND TOTAL $136, $136, (Do not crowd - add additional sheets) Sheet 5

11 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must be Separately Stated) AS AT DECEMBER 31, 2010 Title of Account Debit Credit Animal Control Trust Fund: Cash and Cash Equivalents $9, Due to the State of NJ $30.00 Reserve for Animal Control Expenses $9, $9, $9, Open Space Trust Fund: Cash and Cash Equivalents $406, Reserve for Open Space $406, $406, $406, General/Other Trust Fund: Cash and Cash Equivalents $5,831, Developer's Escrow $4,049, Reserve for: Accumulated Absence $44, Tree Bank $75, Connector Road $15, Detention Basin Contributions $40, Pride Committee $ Unemployment $54, Law Enforcement $24, Food Pantry $6, Municipal Beach $25.59 Dog Park $1, Off-Duty Police $43, DARE $ Senior Complex $ POAA $ Electronic Receipts $ Affordable Housing $1,455, Accumulated Snow $18, $5,831, $5,831, (Do not crowd - add additional sheets) Sheet 6

12 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2009:.. (1) $ x 25% (2) $ Municipal Public Defender Trust Cash Balance December 31, 2010: (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

13 Schedule of Trust Fund Reserves Amount Dec. 31, 2009 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, Accumulated Absenc $ $162, $ $255, $373, $ $44, Tree Bank $75, $145, $145, $75, Connector Road $33, $33, $50, $15, Detention Basin Contr $40, $40, $40, $40, Electronic Fees $ $3, $3, $ Pride Committee $ $1.63 $ SUI $63, $147, $156, $54, Law Enforcement $25, $2, $3, $24, Off-Duty $69, $120, $146, $43, Dare $ $ POAA $ $74.00 $ Accumulated Snow $3, $18, $3, $18, Affordable Housing $1,406, $4,337, $4,288, $1,455, Municipal Beach $9.65 $34, $33, $ Dog Park $ $1, $ $1, Senior Complex $ $0.26 $ Food Pantry $7, $84.22 $6, Due to the State $8, $8, Totals: $ $1,891, $5,144, $5,254, $ $1,781, Sheet 6b

14 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Disbursements Balance and Investments are Pledged Dec. 31, 2009 and Liens Budget Dec. 31, 2010 Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX Sheet 7 Other Liabilities Trust Surplus Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX NOT APPLICABLE Sheet 7

15 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2010 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized $2,080, XXXXXXXX XX Bonds and Notes Authorized but Not Issued XXXXXXXX XX $2,080, Cash and Cash Equivalents $61, Deferred Charges to Future Taxation: Funded $24,033, Unfunded $3,930, Grant Receivable: Due from Green Acres Trust $32, NJDOT $47, Historic Preservation Trust $160, Improvement Authorizations: Funded $340, Unfunded $1,778, Encumbrances Payable $199, Serial Bonds Payable $21,299, MCIA Payable $420, Bond Anticipation Notes Payable $1,850, Wastewater Loans Payable $1,391, Green Trust Loan Payable $566, EDA Loan Payable $26, Garden State Preservation Loan Payable $330, Reserve for Pocket Parks $15, Reserve for NATCO Recreation Donation $37, Capital Improvement Fund $6, Fund Balance $5, $30,346, $30,346, (Do not crowd - add additional sheets) Sheet 8

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17 CASH RECONCILIATION DECEMBER 31, 2010 (cont'd. LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Current Fund: NJCM #30384 $1,284, PNC # $3,212, $4,496, Animal Control: PNC # $9, Grant Fund: NJCM # $10, PNC # $47, $58, Open Space: NJCM # $375, PNC # $33, $409, General Capital: NJCM #30457 $23, PNC # $38, $61, Water Operating: NJCM # $276, PNC # $184, $461, Water Capital: NJCM # $503, PNC # $23, $527, Sewer Operating: NJCM # $1,880, PNC # $536, $2,416, Sanitation: NJCM # $191, PNC # $116, $307, Subtotal $8,748, 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

18 CASH RECONCILIATION DECEMBER 31, 2010 (cont'd. LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Sewer Utility Assessment Trust: NJCM # $803, PNC # $193, $996, Recreation Utility: NJCM # $106, PNC # $26, $132, General/Other Trust: TD Bank Escrow # $4,080, Connector Road NJCM # $ Connector Road PNC # $15, Electronic Fees PNC # $ Affordable Housing NJCM # $1,428, Affordable Housing PNC # $27, Off-Duty PNC # $54, Accumulated Snow NJCM # $1.40 Accumulated Snow PNC # $18, Accumulated Absence NJCM # $43, Accumulated Absence PNC # $ Pride PNC # $ Unemployment NJCM # $43, Unemployment PNC # $11, State Law PNC # $19, Federal Law PNC # $5, Dare PNC # $ Tree Bank PNC # $23, Tree Bank NJCM # $51, Detention Basin PNC # $40, Municipal Beach PNC # $25.59 Dog Park PNC # $1, Senior Complex PNC # $ Food Pantry PNC # $6, $5,873, Grand Total $15,751, 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.

19 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2010 Budget Received Grant Jan. 1, 2010 Revenue Chapter 159's Cancelled Realized Balance Dec. 31, 2010 Recreation Trails Grant $2, $2, COPS Universal Hiring $12, $12, $0.09 ANJEC Trail Plan $6, $6, Highlands Council Grant $34, $50, $38, $46, Clean Energy Audit $14, $14, Water Conservation Audit $5, $5, Sheet 10 Donation - Cablevision $2, $2, Clean Communities Grant $46, $46, $0.25 Electronic Pilot Submission Program $2, ($2,500.00) Donation - Benjamin Moore $1, $1, Drunk Driving Enforcement Fund $17, $17, Body Armor Grant $1, $6, $4, ($0.01) Public Health Priority Funding $8, $8, Donation - Flanders Park $ $ Holiday Over the Limit Under Arrest $5, $5, Alcohol Traffic Safety and Drunk Driving $4, $4, ($72.00) Acquisition of Police Radar Units $9, $9, Alcohol Education and Rehabilitation $1, $1, State Health Services $55, $24, $66, $14, Pandemic Flu Planning $2, $2, Bulletproof Vest Partnership $3, $3, $0.00 Totals $124, $148, $231, $43, ($2,571.67) $82, Sheet 10

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2010 Balance Budget Appropriations Refunds Expended Cancelled Balance Grant Jan. 1, 2010 Budget Appropriation By 40A: /31/10 Encumbered Balance 12/31/10 Unencumbered Sheet 11 Sheet 11

21 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Transferred from 2010 Balance Budget Appropriations Refunds Expended Cancelled Balance Balance Grant Jan. 1, 2010 Budget Appropriation By 40A: /31/10 Encumbered 12/31/10 Unencumbered Sheet 11a Sheet 11a

22 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2010 Balance Budget Appropriations Cash Expended Balance Grant Jan. 1, 2010 Budget Appropriation Received Dec. 31, 2010 By 40A:4-87 Bulletproof Vest $ $ Sheet 12 Totals $ $ Sheet 12

23 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2010 XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX Levy School Year July 1, June 30, 2011 XXXXXXXX XX Levy Calendar Year 2010 XXXXXXXX XX $60,702, Paid $60,702, XXXXXXXX XX Balance December 31, 2010 XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX * Not including Type 1 school debt service, emergency authorizations-schools, transfer to $60,702, $60,702, Board of Education for use of local schools # Must include unpaid requisitions MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, XXXXXXXX XX 2010 Levy XXXXXXXX XX $586, Added Taxes $1, Interest Earned XXXXXXXX XX Expenditures $588, XXXXXXXX XX Balance December 31, XXXXXXXX XX $588, $588, Sheet 13

24 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2010 XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX Levy School Year July 1, June 30, 2011 Levy Calendar Year 2010 XXXXXXXX XX XXXXXXXX XX Paid Balance December 31, 2010 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX # Must include unpaid requisitions REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2010 XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX Levy School Year July 1, June 30, 2011 Levy Calendar Year 2010 XXXXXXXX XX XXXXXXXX XX Paid Balance December 31, 2010 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX School Tax Payable # XXXXXXXX XX School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX XX # Must include unpaid requisitions NOT APPLICABLE Sheet 14

25 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2010 XXXXXXXX XX XXXXXXXX XX County Taxes XXXXXXXX XX Due County for Added and Omitted Taxes XXXXXXXX XX 2010 Levy: XXXXXXXX XX XXXXXXXX XX General County XXXXXXXX XX $7,737, County Library XXXXXXXX XX County Health XXXXXXXX XX County Open Space Preservation XXXXXXXX XX $850, Due County for Added and Omitted Taxes XXXXXXXX XX $16, Paid $8,604, XXXXXXXX XX Balance December 31, 2010 XXXXXXXX XXXXXXXX XX County Taxes XXXXXXXX XX Due County for Added and Omitted Taxes XXXXXXXX XX $8,604, $8,604, SPECIAL DISTRICT TAXES Debit Credit Balance January 1, XXXXXXXX XX 2010 Levy: (List Each Type of District Tax Separately - see Footnote) XXXXXXXX XX XXXXXXXX XX Fire XXXXXXXX XX XXXXXXXX XX Sewer XXXXXXXX XX XXXXXXXX XX Water XXXXXXXX XX XXXXXXXX XX Garbage $1,872, XXXXXXXX XX XXXXXXXX XX Open Space XXXXXXXX XX XXXXXXXX XX Added Taxes $2, XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX Total 2010 Levy XXXXXXXX XX $1,875, Paid $1,875, XXXXXXXX XX Balance December 31, Footnote: Please state the number of districts in each instance $1,875, $1,875, Sheet 15

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

27 STATEMENT OF GENERAL BUDGET REVENUES 2010 Source Budget Realized Excess or Deficit* Surplus Anticipated $2,350, $2,350, Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX Adopted Budget $4,845, $5,078, $233, Added by N.J.S. 40A:4-87: (List on 17a) XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX see attached $43, $43, Total Miscellaneous Revenue Anticipated $4,888, $5,122, $233, Receipts from Delinquent Taxes $1,025, $1,148, $123, Amount to be Raised by Taxation: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX (a) Local Tax for Municipal Purposes $18,374, XXXXXXXX XX XXXXXXXXX XX (b) Addition to Local District School Tax XXXXXXXX XX XXXXXXXXX XX Total Amount to be Raised by Taxation $18,374, $19,583, $1,209, $26,638, $28,204, $1,565, ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) XXXXXXXX XX $89,153, Amount to be Raised by Taxation XXXXXXXX XX XXXXXXXXX XX Local District School Tax $60,702, XXXXXXXXX XX Regional School Tax XXXXXXXXX XX Regional High School Tax XXXXXXXXX XX County Taxes $8,587, XXXXXXXXX XX Due County for Added and Omitted Taxes $16, XXXXXXXXX XX Special District Taxes $1,875, XXXXXXXXX XX Municipal Open Space Tax $588, XXXXXXXXX XX Reserve for Uncollected Taxes XXXXXXXX XX $2,200, Deficit in Required Collection of Current Taxes (or) XXXXXXXX XX Balance for Support of Municipal Budget (or) $19,583, XXXXXXXXX XX *Excess Non-Budget Revenue (see footnote) XXXXXXXXX XX *Deficit Non-Budget Revenue (see footnote) XXXXXXXX XX * These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" $91,354, $91,354, 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. Sheet 17

28 STATEMENT OF GENERAL BUDGET REVENUES 2010 (Continued) MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87 Source Budget Realized Excess or Deficit Donation - Benjamin Moore $1, $1, Drunk Driving Enforcement Fund $17, $17, Body Armor $4, $4, Donation - Flanders Park $ $ Alcohol Traffic Safety and Drunk Driving $4, $4, Acquisition of Police Radar Units $9, $9, Alcohol, Education and Rehabilitation $1, $1, Holiday Over the Limit Under Arrest $5, $5, Total (Sheet 17) $43, $43, Sheet 17a

29 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted $26,594, Budget - Added by N.J.S. 40A: $43, Appropriated for 2010 (Budget Statement Item 9) $26,638, Appropriated for 2010 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) $26,638, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures $26,638, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] $24,182, Paid or Charged - Reserve for Uncollected Taxes $2,200, Reserved $142, Total Expenditures $26,526, Unexpended Balances Canceled (see footnote) $112, 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) 2010 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 NOT APPLICABLE Sheet 18

30 RESULTS OF 2010 OPERATION CURRENT FUND Debit Credit Excess of anticipated Revenues: XXXXXXXX XX XXXXXXXX XX Miscellaneous Revenues anticipated XXXXXXXX XX $233, Delinquent Tax Collections XXXXXXXX XX $123, XXXXXXXX XX Required Collection of Current Taxes XXXXXXXX XX $1,209, Unexpended Balances of 2010 Budget Appropriations XXXXXXXX XX $112, Miscellaneous Revenue Not Anticipated XXXXXXXX XX $254, Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) XXXXXXXX XX Payments in Lieu of Taxes on Real Property XXXXXXXX XX Sale of Municipal Assets XXXXXXXX XX Unexpended Balances of 2009 Appropriation Reserves XXXXXXXX XX $193, Prior Years Interfunds Returned in XXXXXXXX XX Premium Escheated to the Township XXXXXXXX XX $ XXXXXXXX XXXXXXXX XX XX Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) XXXXXXXX XX XXXXXXXX XX Balance January 1, XXXXXXXX XX Balance December 31, XXXXXXXX XX Deficit in Anticipated Revenues: XXXXXXXX XX XXXXXXXX XX Miscellaneous Revenues Anticipated XXXXXXXX XX Delinquent Tax Collections XXXXXXXX XX XXXXXXXX XX Required Collection of Current Taxes XXXXXXXX XX Interfund Advances Originating in XXXXXXXX XX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XX XX XX XX Deficit Balance - To Trial Balance (Sheet 3) XXXXXXXX XX Surplus Balance - To Surplus (Sheet 21) $2,126, XXXXXXXX XX $2,126, $2,126, Sheet 19

31 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Off-Duty Administration Fee $14, Inspection Fines $4, Senior/Veterans Administrative Payment $2, Abiding PILOT $50, CBS Outdoor Lease Agreement $5, Prior Year Refund $25, Vending/Coffee Machine Receipts $ Comcast Cable Franchise Fee $2, Verizon Franchise Fee $20, BAN Accrued Interest $4, Paragon PILOT $101, Hackettstown Medical Rental $8, Returns of LOSAP $9, Return Check Fees $ Miscellaneous Receipts $1, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $254, Sheet 20

32 SURPLUS - CURRENT FUND YEAR 2010 Debit Credit 1. Balance January 1, XXXXXXXX XX $3,204, XXXXXXXX XX 3. Excess Resulting from 2010 Operations XXXXXXXX XX $2,126, Amount Appropriated in the 2010 Budget - Cash $2,350, XXXXXXXX XX 5. Amount Appropriated in the 2010 Budget - with Prior Written Consent of Director of Local Government Services XXXXXXXX XX 6. XXXXXXXX XX 7. Balance December 31, $2,981, XXXXXXXX XX $5,331, $5,331, ANALYSIS OF BALANCE DECEMBER, 31, 2010 (FROM CURRENT FUND - TRIAL BALANCE) Cash $4,444, Investments Change Fund $1, Sub Total $4,445, Deduct Cash Liabilities Marked with "C" on Trial Balance $1,580, Cash Surplus $2,865, Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of N.J. Senior Citizens and Veterans Deduction $31, Deferred Charges # $84, Cash Deficit # Total Other Assets $115, * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS $2,981, WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2011 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

33 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis) # $90,149, 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 $170, N.J.S.A. 54: et. seq. 5a. Subtotal 2010 Levy $90,319, b. Reductions due to tax appeals ** NONE 5c. Total 2010 Tax Levy $90,319, Transferred to Tax Title Liens $72, Transferred to Foreclosed Property Remitted, Abated or Canceled $54, Discount Allowed Collected in Cash: In $ $294, In 2010 * $ $88,722, R.E.A.P. Revenue $ State's Share of 2010 Senior Citizens and Veterans Deductions Allowed $ $136, Total to Line $ $89,153, Total Credits $89,280, Amount Outstanding December 31, $1,038, Percentage of Cash Collections to Total 2010 Levy, (Item 10 divided by Item 5c) is 98.70% Note:If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 $89,153, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) $89,153, 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 2010 collections. ** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41) Sheet 22

34 ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2010 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 2010 Tax Levy...$ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... % (2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22)...$ LESS: Proceeds from Tax Levy Sale (excluding premium)... NET Cash Collected...$ Line 5c (sheet 22) Total 2010 Tax Levy...$ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... % NOT APPLICABLE Sheet 22a

35 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2010 XXXXXXXX XX XXXXXXXX XX Due From State of New Jersey $32, XXXXXXXX XX Due To State of New Jersey XXXXXXXX XX 2. Sr. Citizens Deductions Per Tax Billings $22, XXXXXXXX XX 3. Veterans Deductions Per Tax Billings $110, XXXXXXXX XX 4. Sr. Citizens Deductions Allowed By Tax Collector Taxes $1, XXXXXXXX XX 5. Veterans Deductions Allowed by Tax Collector Taxes $2, Veteran Deductions Allowed by Tax Collector Taxes $ Sr. Citizens Deductions Disallowed By Tax Collector Taxes XXXXXXXX XX $ Sr. Citizens Deductions Disallowed By Tax Collector 2009 Taxes XXXXXXXX XX $1, Received in Cash from State XXXXXXXX XX $136, Balance December 31, 2010 XXXXXXXX XX XXXXXXXX XX Due From State of New Jersey XXXXXXXX XX $31, Due To State of New Jersey XXXXXXXX XX $169, $169, Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 $22, Line 3 $110, Line 4 and 5 $4, Sub-Total $137, Less: Line 7 $ To Item 10, Sheet 22 $136, Sheet 23

36

37 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2011 MUNICIPAL BUDGET YEAR 2011 YEAR Total General Appropriations for 2011 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxe XXXXXXXX XX 2. Local District School Tax - Actual Estimate** XXXXXXXX XX 3. Regional School District Tax - Actual Estimate* XXXXXXXX XX 4. Regional High School Tax - Actual School Budget Estimate* XXXXXXXX XX 5. County Tax Actual Estimate* XXXXXXXX XX 6. Special District Taxes Actual Estimate* XXXXXXXX XX 7. Municipal Open Space Tax Actual Estimate* XXXXXXXX XX 8. Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2011 in Municipal Budget (Item 5) Cash Required from 2011 Taxes to Support Local Municipal Budget and Other Taxes Amount of item 10 Divided by % [ ] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) Analysis of Item 11: Local District School Tax * Must not be stated in an amount less than (Amount Shown on Line 2 Above) "actual" Tax of year Regional School District Tax (Amount Shown on Line 3 Above) ** May not be stated in an amount less than Regional High School Tax proposed budget submitted by the Local (Amount Shown on Line 4 Above) Board of Education to the Commissioner County Tax of Education on January 15, 2011 (Chap. (Amount Shown on Line 5 Above) 136, P.L. 1978). Consideration must be Special District Tax given to calendar year calculation. (Amount Shown on Line 6 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above) Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Note: Item 1 - Total General Appropriations The amount of anticipated rev- Item 12 - Appropriation: Reserve for Uncollected Taxes enues (Item 9) may never exceed Sub-Total the total of Items 1 and 12. Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget NOT APPLICABLE - SUBMITTED WITH BUDGET Sheet 25

38 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 % [(2011 Estimated Total Levy Total Levy)/2010 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) 2011 Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. Subtotal General Appropriations (item8(l) budget sheet 29) $ 2. Taxes not Included in the budget (AFS 25, items 2 thru 7) $ Total $ 3. Less: Anticipated Revenues (item 5, budget sheet 11) $ 4. Cash Required $ 5. Total Required at % (items 4+6) $ 6. Reserve for Uncollected Taxes (item E above) $ NOT APPLICABLE Sheet 25a

39 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, 2010 $1,405, XXXXXXXX XX A. Taxes $1,134, XXXXXXXX XX XXXXXXXX XX B. Tax Title Liens $270, XXXXXXXX XX XXXXXXXX XX 2. Canceled: XXXXXXXX XX XXXXXXXX XX A. Taxes XXXXXXXX XX $ B. Tax Title Liens XXXXXXXX XX 3. Transferred to Foreclosed Tax Title Liens: XXXXXXXX XX XXXXXXXX XX A. Taxes XXXXXXXX XX B. Tax Title Liens XXXXXXXX XX 4. Added Taxes $29, XXXXXXXX XX 5. Added Tax Title Liens $ XXXXXXXX XX 6. Adjustment between Taxes (Other than current year) and Tax Title Liens: XXXXXXXX XX XXXXXXXX XX A. Taxes - Transfers to Tax Title Liens XXXXXXXX XX (1) $3, B. Tax Title Liens - Transfers from Taxes (1) $3, XXXXXXXX XX 7. Balance Before Cash Payments XXXXXXXX XX $1,435, Totals $1,439, $1,439, Balance Brought Down $1,435, XXXXXXXX XX 10. Collected: XXXXXXXX XX $1,148, A. Taxes $1,146, XXXXXXXX XX XXXXXXXX XX B. Tax Title Liens $1, XXXXXXXX XX XXXXXXXX XX 11. Interest and Costs Tax Sale $ XXXXXXXX XX Taxes Transferred to Liens $72, XXXXXXXX XX Taxes $1,038, XXXXXXXX XX 14. Balance December 31, 2010 XXXXXXXX XX $1,398, A. Taxes $1,052, XXXXXXXX XX XXXXXXXX XX B. Tax Title Liens $346, XXXXXXXX XX XXXXXXXX XX 15. Totals $3,986, $3,986, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 79.97% 17. Item No. 14 multiplied by percentage shown above is $ 1,118, 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

40 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance January 1, $4,380, XXXXXXXX XX 2. Foreclosed or Deeded in 2010 XXXXXXXX XX XXXXXXXX XX 3. Tax Title Liens XXXXXXXX XX 4. Taxes Receivable XXXXXXXX XX 5A XXXXXXXX XX 5B XXXXXXXX XX 6. Adjustment to Assessed Valuation XXXXXXXX XX 7. Adjustment to Assessed Valuation XXXXXXXX XX 8. Sales XXXXXXXX XX XXXXXXXX XX 9. Cash * XXXXXXXX XX 10. Contract XXXXXXXX XX 11. Mortgage XXXXXXXX XX 12. Loss on Sales XXXXXXXX XX 13. Gain on Sales XXXXXXXX XX 14. Balance December 31, XXXXXXXX XX $4,380, $4,380, $4,380, CONTRACT SALES - N/A Debit Credit 15. Balance January 1, XXXXXXXX XX Sales from Foreclosed Property XXXXXXXX XX 17. Collected * XXXXXXXX XX XXXXXXXX XX 19. Balance December 31, XXXXXXXX XX MORTGAGE SALES - N/A Debit Credit 20. Balance January 1, XXXXXXXX XX Sales from Foreclosed Property XXXXXXXX XX 22. Collected * XXXXXXXX XX XXXXXXXX XX 24. Balance December 31, XXXXXXXX XX Analysis of Sale of Property: $ 0 * Total Cash Collected in 2010 ( ) Realized in 2010 Budget 0 To Results of Operation (Sheet 19) Sheet 27

41 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.) Amount Caused By Dec. 31, 2009 Amount in Amount Balance per Audit 2010 Resulting as at Report Budget from 2010 Dec. 31, Emergency Authorization - Municipal* $ $ $ $ 2. Emergency Authorizations - Schools $ $ $ $ 3. $ $ $ $ 4. $ $ $ $ 5. $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ 8. $ $ $ $ 9. $ $ $ $ 10. $ $ $ $ *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 1. $ 2. $ 3. $ 4. $ 5. $ JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In Favor of On Account of Date Entered Amount Year $ 2. $ 3. $ 4. $ NOT APPLICABLE Sheet 28

42

43 N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A: , ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Date Purpose Amount Not Less Than REDUCED IN 2010 Authorized 1/5 of Amount Balance Authorized* Dec. 31, 2009 By 2010 Canceled Budget by Resolution Balance Dec. 31, 2010 Sheet 30 Totals It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A: et seq. and N.J.S.A. 40A: et seq. are recorded on this page Chief Financial Officer * Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2010" must be entered here and then raised in the 2011 budget. NOT APPLICABLE Sheet 30

44 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS Debit Credit 2011 Debt Service Outstanding January 1, XXXXXXXX XX $24,524, Issued XXXXXXXX XX Paid $3,225, XXXXXXXX XX Outstanding December 31, $21,299, XXXXXXXX XX $24,524, $24,524, Bond Maturities - General Capital Bonds $ $3,390, Interest on Bonds * $ $792, ASSESSMENT SERIAL BONDS - N/A Outstanding January 1, XXXXXXXX XX Issued XXXXXXXX XX Paid XXXXXXXX XX Outstanding December 31, XXXXXXXX XX 2011 Bond Maturities - Assessment Bonds $ 2011 Interest on Bonds * $ Total "Interest on Bonds - Debt Service" (*Items) $ LIST OF BONDS ISSUED DURING N/A Purpose 2011 Maturity Amount Issued Date of Issue Interest Rate Total Sheet 31

45 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR LOANS (MUNICIPAL) WASTEWATER LOAN Debit Credit 2011 Debt Service Outstanding January 1, XXXXXXXX XX $1,647, Issued XXXXXXXX XX Paid $256, XXXXXXXX XX Outstanding December 31, $1,391, XXXXXXXX XX $1,647, $1,647, Loan Maturities $ $262, Interest on Loans $ $43, Total 2011 Debt Service for Wastewater Loan $ $306, GARDEN/GREEN TRUST LOAN Outstanding January 1, XXXXXXXX XX $1,027, Issued XXXXXXXX XX Paid $130, XXXXXXXX XX Outstanding December 31, $897, XXXXXXXX XX $1,027, $1,027, Loan Maturities $ $133, Interest on Loans $ $17, Total 2011 Debt Service for Garden/Green Trust Loan $ $150, LIST OF LOANS ISSUED DURING N/A Purpose 2011 Maturity Amount Issued Date of Issue Interest Rate Total Sheet 31a

46 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2011 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS - N/A Debit Outstanding January 1, XXXXXXXX XX Credit 2011 Debt Service Paid XXXXXXXX XX Outstanding December 31, XXXXXXXX XX 2011 Bond Maturities - Term Bonds $ 2011 Interest on Bonds * $ TYPE I SCHOOL SERIAL BOND - N/A Outstanding January 1, XXXXXXXX XX Issued XXXXXXXX XX Paid XXXXXXXX XX Outstanding December 31, XXXXXXXX XX 2011 Interest on Bonds * $ 2011 Bond Maturities - Serial Bonds $ Total "Interest on Bonds - Type I School Debt Service" (*Items) $ LIST OF BONDS ISSUED DURING N/A Purpose 2011 Maturity Amount Issued Date of Interest Issue Rate Total INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding 2011 Interest 2011 Principal Dec. 31, 2010 Requirement Requirement 1. Emergency Notes $ $ 2. Special Emergency Notes $ $ 3. Tax Anticipation Notes $ $ 4. Interest on Unpaid State and County Taxes $ $ 5. EDA Loan Payable $ 26, $ 8, MCIA $ 420, $ 20, , Sheet 32

47 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec. 31, 2010 Date Rate 2011 Budget Requirement Interest of of Computed to Maturity Interest For Principal For Interest (Insert Date) ** 1. Ord. # Various Improvements $350, /29/09 $350, /28/ % $5, /28/11 2. Ord. # Various Improvements $425, /29/09 $425, /28/ % $6, /28/11 3. Ord. # Various Improvements $30, /29/09 $30, /28/ % $ /28/11 4. Ord. # Various Improvements $7, /29/09 $7, /28/ % $ /28/11 5. Ord. # Various Improvements $10, /29/09 $10, /28/ % $ /28/11 6. Ord. # Various Improvements $3, /29/09 $3, /28/ % $ /28/11 7. Ord. # Vehicle Acquisition $1, /29/09 $1, /28/ % $ /28/11 Sheet Ord. # Various Improvements $445, /29/09 $445, /28/ % $6, /28/11 9. Ord. # Refunding Tax Appeals $575, /17/10 $575, /28/ % $8, /28/ Total $1,850, $1,850, $27, Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually Memo: Type 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 2008 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2011 or written intent of permanent financing submitted with statement. ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. (Do not crowd - add additional sheets) Sheet 33

48 DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Original Original Amount Date Rate 2011 Budget Requirement Interest Title or Purpose of Issue Amount Date of of Note of of Computed to Issued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date) Dec. 31, 2010 ** Sheet Total MEMO: *See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of December 31, 2008 or prior must be appropriated in full in the 2011 Dedicated Assessment Budget or written intent of permanent financing submitted with statement. **Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd - add additional sheets) NOT APPLICABLE Sheet 34

49 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Leases approved by LFB prior to July 1, 2007 Amount of Obligation Outstanding Dec. 31, 2010 For Principal 2011 Budget Requirement For Interest/Fees 1 MCIA - ERIP Financing $420, $55, $20, Sheet 34a Total $420, $55, $20, (Do not crowd - add additional sheets)

50 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Balance - January 1, 2010 Specify each authorization by purpose. Do 2010 Refunds Expended Encumbrances not merely designate by a code number. Funded Unfunded Authorizations Authorizations Canceled Balance - December 31, 2010 Funded Unfunded Sheet 35 SEE ATTACHED

51 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance - January 1, 2010 Balance - December 31, Expended Authorizations Funded Unfunded Authorizations Canceled Funded Unfunded Sheet 35a Total Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization Sheet 35a

52 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Debit Credit Balance January 1, XXXXXXXX XX $6, Received from 2010 Budget Appropriation * XXXXXXXX XX XXXXXXXX XX Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) XXXXXXXX XX List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX Appropriated to Finance Improvement Authorizations XXXXXXXX XX XXXXXXXX XX Balance December 31, $6, XXXXXXXX XX $6, $6, * The full amount of the 2010 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet 36

53 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS - N/A Debit Credit Balance January 1, XXXXXXXX XX Received from 2010 Budget Appropriation * XXXXXXXX XX Received from 2010 Emergency Appropriation * XXXXXXXX XX Appropriated to Finance Improvement Authorizations XXXXXXXX XX XXXXXXXX XX Balance December 31, XXXXXXXX XX *The full amount of the 2010 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2010 AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY Purpose Amount Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Payment in Budget of 2010 or Prior Years Ord. # Wolfe Road Resurf $400, $150, $250, A Ord. # Acq. Of property $250, $250, B Ord. # Ref Tax Appeals $575, $575, Ord. # Acq. Of Property $32, $32, B Ord. # ARD Appeals $1,460, $1,460, Total $2,717, $2,185, $532, NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet. a. NJDOT Grant $250, b. Green Acres Grant $282, $532, Sheet 37