ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2015 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2015' MUNICODE"

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2015 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2015' MUNICODE" 5, ,586, FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26,2016 MUNICIPALITIES FEBRUARY 10,2016 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNO TATED 40A:512, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICA TION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH of H1GHTSTOWN County of MERCER SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 Preliminary Check 2 Examined I hereby certify thatthe debtshown on Sheets 31 to 34a,49 to 5la and 63 to 65aarecomplete, were, computed bymeand can be supported upon demand by a register or other detailed analysis. (This MUST be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER: I hereby certify that I am responsible for filing this verified Annual Financial Statement, which I have prepared or (which I have not prepared) [eliminate one] and information required also included herein and thatthis Statement is an exact copy of the original on file with the clerk of the governing body, thatall calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statementscontained herein are in proof; I further certify thatthis 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, GEORGE J. LANG am the Chief Financial Officer, License # N227 of the BOROUGH of HIGHTSTOWH, Countyof MERCER and that the statements annexed hereto and madea part hereofare true statements of the financial condition of the Local Unitas at December 31, 2015, completely in compliance with N.J.S. 40A:512, as amended. I also givecomplete assurances as to the veracity of required information included herein, needed prior to certifiction by the Director of Local Government Services, including the verification ofcash balances as ofdecember 31, Signature Title Address Phone Number Fax Number 156 BANKSTREET, HIGHTSTOWN, NJ (609) X667 (609) cfo@hightstownborough.com IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet 1

2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the postclosing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the of as of December 31, and have applied certain agreedupon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:512, as amended. Because the agreedupon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the postclosing trial balances, related statements and analyses. In connection with the agreedupon procedures, (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 agreedupon 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) Certified by me this day of,2016. (Address) (Phone Number) ( ) (Fax Number) Sheet 1a

3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has complied 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: GEORGE CHIN Signature: ^%f (2 Certificate #: 9638 Date: 2/3/2016 Sheet 1b

4

5

6

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 2,057, Due From State of NJ Senior Citizens and Veterans Receivables with Offsetting Reserves: Taxes Receivable 263, Tax Title Liens Receivable 184, Due From Trust Fund Deferred Charges: Emergency Authorization (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, 2015 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Appropriation Reserves 537, Reserve for Encumbrances 143, Prepaid Taxes 93, Accounts Payable 32, Tax Overpayments 19, Due to Trust Fund Added County Taxes Payable 3, Due to State of NJ Reserve for Tax Appeals Reserve for Fire Safety and Code Enforcement 6, Local District School Tax Payable Reserve for Irene Emergency 2, Marriage Licenses Payable Due to StateDCA State Training Fees 2, , "C" Subtotal 841, Reserve for Receivables 448, Fund Balance 1,216, ,505, ,505, (Do not crowd add additional sheets) Sheet 3a

9 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2015 Title of Account Debit Credit (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 N/A

10 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2015 Title of Account Debit Credit Cash 77, Grants Receivable 7, Encumbrances Payable Reserve for Grants: Appropriated 79, Unappropriated 5, , , (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, 2015 Title of Account Debit Credit Animal Control Fund Cash 9, Due to State of NJ Reserve for Animal Control Expenditures 9, , , Other Trust Cash 2,415, Due From General Capital Fund 100, Due to Current Fund Reserve for Payroll 71, Reserve for Escrow 1,285, Reserve for Trust Funds 1,159, ,515, ,515, (Do not crowd add additional sheets) Sheet 6

12 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2014:. (1) x (2) 5, , % 6, Municipal Public Defender Trust Cash Balance December 31, 2015: (3) 8, 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) = $ 1, The undersigned certifies that the municipality has com plied with the regulations governing Municipal Public Defender as required under Public Law 1998, C Chief Financial Officer: George J. Lang Signature: Certificate #: N227 Date: 3/10/2016 Sheet 6a

13 Schedule of Trust Fund Reserves Purpose Amount Receipts Disbursements Balance Dec. 31, 2014 as at per Audit Dec. 31, 2015 Report 1. Tax Sale Premium $ 98, $ 111, $ 11, $ 198, Storm Recovery Fund 18, , , , Law Enforcement Trust 11, , , POAA Public Defender 7, , , , Uniform Fire Safety Act 2, , Recycling 42, , , , Unemployment 62, , , , K9 Unit Police Dept D & M Property Damage 10. Donation Special Duty 16, , , , Reserve Insurance Refunds 5, , Well Baby Donations Memorial Day Parade 14. Donation Reserve FSA Account 16. Community Garden Project Revitalization Donations Presbyterian Homes 19. Sidewalks Donation 5, , Insurance Refund 180, , Recycling Grass 6, , Tax Collector Lien 28, , , , Donations Dawes Park, 24. Parks and Recreation 12, , , , Historical Site Commission 25. Donation 1, , , Environmental Commission RCA COAH 156, , , Housing Rehabilitation 29. Other Escrows 3, , Totals: $ $ $ $ Sheet 6b

14 Schedule of Trust Fund Deposits and Reserves Purpose Amount Receipts Disbursements Balance Dec. 31, 2014 as at per Audit Dec. 31, 2015 Report 1. October Fair Donations $ 0.00 $ 1, $ DonationsNational Night Out 1, , , Housing Trust COAH 311, , , , Donation Franklin St. 4. Project Lighting 6, , Donations Animal Control 2, , Donations Animal Welfare 4, , , , Recreation Donations General Recreation Donations Triathlon 20, , , , Enchantment Reserve 479, , , Peddie Dam Footbridge 10. Donations 1, , Recaptured Funds Housing 11. Rehabilitation 19, , , Skatepark Donations 19, , Parks and Recreation 13. Shakespeare in the Park 5, , , Cultural Arts Donations Totals: $ 869, $ 990, $ 701, $ 1,159, Sheet 6b1

15 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, 2014 and Liens Budget Dec. 31, 2015 Assessment Serial Bond Issues: Sheet 7 N/A Assessment Bond Anticipation Note Issues: Other Liabilities Trust Surplus *Less Assets "Unfinanced" *Show as red figure

16 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2015 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized 2,958, Bonds and Notes Authorized but Not Issued 2,958, Cash 1, Grants Receivable 740, Deferred Charges to Future Taxation: Funded 2,429, Unfunded 5,773, General Serial Bonds 2,305, Bond Anticipation Notes 2,849, Loan Payable 124, Encumbrances Payable 1,631, Capital Improvement Fund 2, Improvement Authorizations: Funded 67, Unfunded 1,169, Reserve for Housing Rehabilitation Due to Trust Fund 100, Reserve John and Mary Hight Sculpture Reserve for Donations Trees / Revitalization Reserve for Grants Receivable 606, Fund Balance 88, ,903, ,903, (Do not crowd add additional sheets) Sheet 8

17 9, _ CASH RECONCILIATION DECEMBER 31, 2015 Cash *0n Hand On Deposit Less Checks Outstanding Cash Book Balance Current 63, ,208, , ,057, Trust Assessment Trust Dog License , Trust Other 12, ,659, , ,415, Capital General 1, , , , Water Operating _ Water Capital _ Utilitv Assessment Trust Public Assistance ** Garbage District _ Grant Fund 5, , , , Water/Sewer Operating 100, , , , Water/Sewer Capital 108, , , , Total 291, ,377, , ,036, * Include Deposits In Transit ** Be sure to include a Public Assistance Account Reconciliation and trial balance if the municipality maintains such a bank account. REQUIRED CERTIFICATION I hereby certify that all amountsshown inthe "Cash on Deposit" column on Sheet 9 and9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, Ialso certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at December 31, All "Certificates of Deposit". "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title CFO Sheet 9

18 CASH RECONCILIATION DECEMBER 31, 2015 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" CURRENT FUND First Constitution 2,208, ,208, GRANT FUND First Constitution 73, , CAPITAL FUND First Constitution 24, , ANIMAL CONTROL FUND First Constitution 9, , OTHER TRUST First Constitution General Trust 691, First Constitution Law Enforcement 21, First Constitution Unemployment Trust 60, First Constitution Public Defender 8, First Constitution Tax Collector Lien 47, First Constitution Payroll 102, First Constitution Housing Trust 285, First Constitution RCA COAH 156, First Constitution Escrow Disbursement 16, First Constitution Escrow Master 1,268, ,659, WATER/SEWER OPERATING First Constitution 325, , WATER/SEWER CAPITAL First Constitution 77, , TOTAL 5,377, Note: Sections N.J.S. 40A:461, 40A:462 and 40A:463 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

19 #REF! MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Sheet 10 Balance 2015 Received Canceled Balance Grant Jan. 1, 2015 Budget Dec. 31, 2015 Revenue Realized Drunk Driving Enforcement 20, , Clean Communities 9, , Recycling Tonnage Grant 5, , Municipal Court Alcohol Ed & Rehab Fund 7, , Body Armor Grant 1, , Body Armor Grant Federal 5, , , Click It or Ticket 4, , Drive Sober or Get Pulled Over End of Year Holiday Crackdown 5, , JIF Safety Grant 2, , Totals 5, , , ,812.27

20 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred from 2015 Budget Appropriations Prior Balance Budget Appropriation Year Expended Encumbrance Balance Jan. 1, 2015 By 40A:487 Encumbrances Payable Canceled Dec. 31, 2015 Drunk Driving Enforcement , , Clean Communities , , Sheet 11 Municipal Court Alcohol Ed & Rehab Fund 2, , , , Recycling Tonnage Grant 35, , , Click It or Ticket 4, , Body Armor Replacement Fund State 1, , , Body Armor Replacement Fund Federal 4, , , Drive Sober or Get Pulled Over End of Year Holiday Crackdown , , , JIF Safety Grant 2, , , , Totals 48, , , , ,826.80

21 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred to 2015 Budget Appropriations Balance Budget Appropriation Received Balance Jan. 1, 2015 By 40A:487 Dec. 31, 2015 JIF Safety Grant 2, , Recycling Tonnage Grant 5, , , , Sheet 12 Totals 7, , , ,051.10

22 *LOCAL DISTRICT SCHOOL TAX #REF! Balance January 1, 2015 Debit Credit School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2015 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 ) * Not including Type 1 school debt service, emergency authorizationsschools, transfer to Board of Education for use of local schools. # Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy Interest Earned Expended Balance December 31, Sheet 13 N/A

23 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) #REF! 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 June 30, 2016 Levy Calendar Year ,559, Paid 8,559, Balance December 31, 2015 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions. 8,559, ,559, REGIONAL HIGH 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 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

24 COUNTY TAXES PAYABLE #REF! Debit Credit Balance January 1, 2015 County Taxes Due County for Added and Omitted Taxes , Levy: General County ,397, County Library , County Health County Open Space Preservation 103, Due County for Added and Omitted Taxes , Paid 2,733, Balance December 31, 2015 County Taxes Due County for Added & Omitted Taxes 3, ,737, ,737, SPECIAL DISTRICT TAXES 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

25 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID #REF! 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 Debit Credit 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. 40:5435) Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, Sheet 16 N/A

26 STATEMENT OF GENERAL BUDGET REVENUES 2015 Source Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget 1,418, ,548, , Added by N.J.S. 40A:487: (List on 17a) Per attached sheet 34, , Total Miscellaneous Revenue Anticipated ,452, ,583, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,525, (b) Addition to Local District School Tax (c) Minimum Library Tax Total Amount to be Raised by Taxation ,525, ,714, , ,882, ,217, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,544, Amount to be Raised by Taxation Local District School Tax Regional School Tax ,559, Regional High School Tax County Taxes ,732, 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) ,714, *Excess NonBudget Revenue (see footnote) *Deficit NonBudget Revenue (see footnote) ,009, ,009, *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. Sheet 17

27 .. _ STATEMENT OF GENERAL BUDGET REVENUES 2015 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:487 Source Budget Realized Excess or Deficit Bulletproof Vest Partnership Program _ State Body Armor Grant 1, , Drive Sober or Get Pulled Over 2015 Crackdown 5, , Drunk Driving Enforcement Fund 20, , _ Municipal Court Alcohol Rehabilitation 7, , _ Total (Sheet 17) 34, , hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:487 and matching junds haygjaeen provided ifapplicable. CFO Signature: Sheet 17a

28 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,848, Budget Added by N.J.S. 40A: , Appropriated for 2015 (Budget Statement Item 9) ,882, Appropriated for 2015 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,882, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,882, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,874, Paid or Charged Reserve for Uncollected Taxes , Reserved , Total Expenditures ,876, Unexpended Balances Canceled (see footnote) , FOOTNOTES RE: OVEREXPENDITURES: Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED: Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2015 Authorizations N.J.S. 40A:446 (After adoption of Budget) N.J.S. 40A:420 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

29 RESULTS OF 2015 OPERATIONS CURRENT FUND Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2015 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 2014 Appropriation Reserves , Prior Years Interfunds Returned in , Grants Canceled Reserve fo Tax Appeal Canceled 16, 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 Prior Years Senior Citizen Deduction Disallowed Prior year Refund 1, Grants Canceled Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) , , , Sheet 19

30 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED SOURCE Amount Realized Tax Map / Ord Copies 1.40 Senior Citizens / Veterans Administrative Fee Miscellaneous Fees/ Notary Fees Court Motor Vehicle Inspections 6, Owners List Tax Collector Fees Police Accident Reports Other Police Fees Fire Code Other 1, Americana Lease Current Year 10, Construction Code Miscellaneous 2, Shared Services Roosevelt Public Works Miscellaneous 2, Fire Penalties 5, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 30, Sheet 20

31 SURPLUS CURRENT FUND YEAR 2015 #REF! Debit Credit 1. Balance January 1, ,083, 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 Govt. Services Balance December 31, ,216, ,816, ,816, ANALYSIS OF BALANCE DECEMBER 31, 2015 (FROM CURRENT FUND TRIAL BALANCE) Cash ,057, Investments SubTotal 2,057, Deduct Cash Liabilities Marked with "C" on Trial Balance , Cash Surplus ,216, Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of N.J. Senior Citizens and Veterans Deduction Deferred Charges # Cash Deficit # Total Other Assets ,216, * 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:455 (Tax Map, etc.), N.J.S. 40A:455 (Flood Damage, etc.), N.J.S. 40A:455.1 (Roads and Bridges, etc.) and N.J.S. 40A: (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21

32 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2015 LEVY 1. Amount of Levy as per Duplicate (Analysis) # ,817, 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. 54:463.1 et seq , a. Subtotal 2015 Levy 15,839, b. Reductions due to tax appeals ** 5c. Total 2015 Tax Levy ,839, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2015 * ,432, Homestead Benefit Credit State's Share of 2015 Senior Citizens and Veterans Deductions Allowed , Total to Line ,544, Total Credits 15,576, Amount Outstanding, December 31, , Percentage of Cash Collections to Total 2015 Levy, (Item 10 divided by Item 5c) is 98.13% 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 15,544, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 15,544, 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 2015 collections. ** Tax appeals pursuant to R.S. 54:321 et seq and/or R.S. 54:481 et seq approved by resolution of the governing body prior to introduction of municipal budget.(n.j.s.a. 40A:441) Sheet 22

33 ACCELERATED TAX SALE / TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2015 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 $ N/A Line 5c (sheet 22) Total 2015 Tax Levy $ N/A Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is N/A (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 2015 Tax Levy $ Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is Sheet 22a N/A

34 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS #REF! Debit Credit 1. Balance January 1, 2015 Due From State of New Jersey Due To State of New Jersey Sr. Citizens Deductions Per Tax Billings 3, Veterans Deductions Per Tax Billings 19, Sr. Citizens Deductions Allowed By Tax Collector 5. Veterans Deductions Allowed By Tax Collector Sr. Citizens Deductions Disallowed By Tax Collector 8. Sr. Citizens Deductions Disallowed By Tax Collector 2014 Taxes Received in Cash from State 24, Veteran Deduction Disallowed 11. Veterans Deductions Allowed By Tax Collector2014 Taxes 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 Citizens and Veterans Deductions Allowed Line 2 3, Line 3 19, Line 4 Line SubTotal 23, Less: Line 7 To Item 10, Sheet 22 23, Sheet 23

35 _ SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:327) Debit Credit Balance January 1, , Taxes Pending Appeals 16, _ Interest Earned on Taxes Pending Appeals Contested Amount of 2015 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals _ Cash Paid to Appellants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) 16, Balance December 31, 2015 Taxes Pending Appeals* Interest Earned on Taxes Pending Appeals. 16, , * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, Jl,^6cLZ^ ignature of Tax Collector T8248 License # 2/19/2016 Date Sheet 24

36 ACCELERATED TAX SALE CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year. A. Reserve for Uncollected Taxes (sheet 25, Item 12) $ B. Reserve for Uncollected Taxes Exclusion: Outstanding Balance of Delinquent Taxes (sheet 26, Item 14A) x % of collection (Item 16) $ C. TIMES : % of increase of Amount to be Raised by Taxes over Prior Year % [(2016 Estimated Total Levy 2015 Total Levy)/2015 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) 2016 Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. Subtotal General Appropriations (item 8(L) budget sheet 29) $ 2. Taxes not Included in the Budget (AFS 25, items 2 thru 7) $ Total $ 3. Less: Anticipated Revenues (item 5, budget sheet 11) $ 4. Cash Required $ 5. Total Required at % (items 4+6) $ 6. Reserve for Uncollected Taxes (item E above) $ Sheet 25a N/A

37 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS #REF! 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) and Tax Title Liens: A. Taxes Transfers to Tax Title Liens , B. Tax Title Liens Transfers from Taxes , Balance Before Cash Payments 478, Totals 481, , Balance Brought Down 478, Collected: 319, A. Taxes , B. Tax Title Liens , Interest and Costs 2015 Tax Sale , Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 767, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 66.82% 17. Item No. 14 multiplied by percentage shown above is 299, 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

38 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) #REF! Debit Credit 1. Balance January 1, Foreclosed or Deeded in Tax Title Liens Taxes Receivable A B Adjustment to Assessed Valuation Adjustment to Assessed Valuation Sales 9. Cash* Contract Mortgage Loss on Sales Gain on Sales Balance December 31, CONTRACT SALES Debit Credit 15. Balance January 1, Sales from Foreclosed Property Collected* Balance December 31, MORTGAGE SALES Debit Credit 20. Balance January 1, Sales from Foreclosed Property Collected* Balance December 31, Analysis of Sale of Property: *Total Cash Collected in 2015 ( ) Realized in 2015 Budget To Results of Operation (Sheet 19) Sheet 27 N/A

39 Amount Caused By Dec. 31, 2014 Amount Amount Balance per Audit 2015 Resulting as at Report Budget from 2015 Dec. 31, Emergency Authorization Municipal* 2. Emergency Authorizations Schools Overexpenditure of DEFERRED CHARGES MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:455, N.J.S. 40A:455.1 or N.J.S. 40A: listed on Sheets 29 and 30.) *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:447 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:23 OR N.J.S. 40A: 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 Sheet 28

40 N.J.S. 40A:453 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 Than REDUCED IN 2015 Amount 1/5 of Amount Balance By 2015 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2014 Budget by Resolution Dec. 31, 2015 NONE Sheet 29 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:453 et seq. and are recorded on this page. Chief Financial Officer *Not less than onefifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2015" must be entered here and then raised in the 2016 budget.

41 N.J.S. 40A:55.1, ET SEQ., SPECIAL EMERGENCY DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:55.13, ET SEQ., SPECIAL EMERGENCY PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN 2015 Amount 1/3 of Amount Balance By 2015 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2014 Budget by Resolution Dec. 31, 2015 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:455.1 et seq. and N.J.S. 40A: et seq. and are recorded on this page. Chief Financial Officer *Not less than onethird (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2015" must be entered here and then raised in the 2016 budget.

42 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2016 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS #REF! Debit Credit 2016 Debt Service Outstanding January 1, ,625, Issued Paid , Outstanding, December 31, ,305, ,625, ,625, Bond Maturities General Capital Bonds , Interest on Bonds * , 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) , LIST OF BONDS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate NONE Total Sheet 31

43 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2016 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) DAM RESTORATION LOAN 0 Debit Credit 2016 Debt Service Outstanding January 1, , Issued Paid , Outstanding, December 31, , , , Loan Maturities , Interest on Loans , Total 2016 Debt Service for Dam Restoration Loan , LOAN Outstanding January 1, Issued Paid Outstanding, December 31, Loan Maturities Interest on Loans Total 2016 Debt Service for Loan LIST OF LOANS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate NONE Total Sheet 31a

44 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2016 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS #REF! Debit Credit 2016 Debt 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, Interest on Bonds * Bond Maturities Serial Bonds Total "Interest on Bonds Type I School Debt Service" (*Items) LIST OF BONDS ISSUED DURING Amount Date of Interest Purpose Maturity Issued 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 and County Taxes Sheet 32

45 T.J. O'Neill O'Neill and Lang 08/08/00 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Sheet 33 Amount Title or Purpose of Issue Original Original of Note Date Rate 2016 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2015 Maturity Interest ** (Insert Date) 0704 Auto. Garbage Truck/Containers 229, /28/07 76, /03/ % 25, /03/ Acq. Of Ambulance 84, /28/07 28, /03/ % 9, /03/ Police Dept Equipment 58, /11/08 23, /03/ % 7, /03/ Imp to Westerlea Ave. 78, /11/08 38, /03/ % 3, /03/ Reconstruction of Morrison Ave. 115, /23/09 45, /03/ % 3, /03/ Imp to Memorial Parking Lot 154, /23/09 45, /03/ % 5, /03/ Stockton St. Historic District Imp. 70, /05/14 70, /03/ % /03/ Reconstruction of Leshin Lane 228, /10/10 34, /03/ % 12, /03/ Summit St. Sidewalk Improvements 37, /06/13 37, /03/ % 2, /03/ Peddie Lake Dam Improvements 49, /09/11 45, /03/ % 2, /03/ Milling and Paving of Various Roads 200, /09/11 112, /03/ % 7, /03/ DPW Vehicles and DPW/Police Equip 305, /08/12 285, /03/ % 20, , /03/ Hurricane Irene Damage Emergency 900, /08/12 707, /03/ % 39, , /03/ Various Capital Improvements 249, /05/14 249, /03/ % 1, /03/16 Totals Memo: Designate all "Capital Notes" issued under N.J.S. 40A:28(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually Memo: Type 1 School Notes should be separately listed and totaled. *"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2013 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2016 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) T.J. O'Neill O'Neill and Lang 08/08/00

46 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Sheet 33A Amount Title or Purpose of Issue Original Original of Note Date Rate 2016 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2015 Maturity Interest ** (Insert Date) 1215 Communication Equip. Fire Dept. and First Aid 33, /06/13 33, /03/ % 1, /03/ Road Improvements Grape Run Rd and Pershing Avenue 200, /06/13 200, /03/ % 10, , /03/ Peddie Lake Dam Walking Bridge 200, /06/13 200, /03/ % 7, , /03/ Acq of Public Safety Equipment 157, /06/13 157, /03/ % 6, /03/ Road ImprovementsPark Ave., Greeley St. and Glen Brook Place 300, /05/14 300, /03/ % 1, /03/ Various Capital Improvements 161, /04/15 161, /03/ % /03/16 Totals 2,849, , , Memo: Designate all "Capital Notes" issued under N.J.S. 40A:28(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually Memo: Type 1 School Notes should be separately listed and totaled. *"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2013 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2016 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) T.J. O Neill O Neill and Lang 08/08/00

47 DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Amount Title or Purpose of Issue Original Original of Note Date Rate 2016 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2015 Maturity Interest ** (Insert Date) Sheet 34 NOT APPLICABLE Totals MEMO: * See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of December 31, 2013 or prior must be appropriated in full in the 2016 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

48 T.J. O'Neill O'Neill and Lang 08/08/00 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount of Lease Obligation Outstanding Dec. 31, 2014 For Principal 2016 Budget Requirement For Interest/Fees Sheet 34a 1. NONE Total (Do not crowd add additional sheets)

49 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance January 1, 2015 Balance December 31, 2015 Encumbrance Expended/ Encumbrance 2015 Authorizations Funded Unfunded 12/31/2014 Canceled 12/31/2015 Funded Unfunded 9903 Various Public Improvements 7, , Housing Rehabilitation 6, , Greenways Project 21, , Acq. of Capacity Rights JCP&L 22, , , , Sheet Mercer St. Revitalization Project 17, , Peddie Lake Dam Improvements 3, , Various Equipment Police and Court 2, , Streetscape/Main St. Redevelopment 18, , , Police Department Equipment Westerlea Ave Improvements 2, , Police Dept. Radar and Radio Equip Reconstruction of Morrison Ave. 2, , Improvements to Franklin Street , , Stockton St. Historic District Improvement 22, , Reconstruction of Leshin Lane 43, , , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

50 T.J. O'Neill O'Neill and Lang 08/08/00 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.) Balance January 1, 2015 Balance December 31, 2015 IMPROVEMENTS Encumbrance Expended Encumbrance 2015 Authorization Specify each authorization by purpose. Do Funded Unfunded 12/31/ /31/2015 Funded Unfunded not merely designate by a code number Summit St Sidewalk Improvements 4, , Milling and Paving of Various Roads 47, , DPW Vehicles and DPW, Police Equip. 19, , Sheet 35a 1214 Various Capital Improvements 85, , , , Communication Equipment Fire Dept., First Aid 1, , Road ImprovementsGrape Run and 1304 Pershing Avenue 108, , , Peddie Lake Dam Walking Bridge Improvements 172, , , , , , Public Safety Equipment 40, , , Road ImprovementsPark Ave., Greeley St. and Glen Brook Place 194, , , , , , Various Capital Improvements including Document Restoration 55, , , , Various Capital Improvements 30, , , , , Road ImprovementsPark Way, Grant St and Hutchison 619, , , Acq. of Aerial Ladder Truck 1,000, , , Improvements to Stockton Street and 1515 Joseph Street 430, , , Acquisition of Automated Garbage Truck 325, , , Total , ,071, ,920, , ,630, ,631, , ,169, Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.