Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)

Transcription

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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 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,2017. (Address) (Phone Number) ( ) (Fax Number) Sheet 1a

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6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND AS AT DECEMBER 31, 2016 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash 2,269, Due From State of NJ Senior Citizens and Veterans Receivables with Offsetting Reserves: Taxes Receivable 266, Tax Title Liens Receivable 153, Deferred Charges: Emergency Authorization (Do not crowd add additional sheets) Sheet 3

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2016 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Appropriation Reserves 481, Reserve for Encumbrances 124, Prepaid Taxes 116, Accounts Payable 60, Tax Overpayments 11, Due to Trust Fund Added County Taxes Payable 8, Due to State of NJ Reserve for Tax Appeals Reserve for Fire Safety and Code Enforcement 10, Local District School Tax Payable Reserve for Sale of Municipal Assets 42, Marriage Licenses Payable Due to StateDCA State Training Fees 1, , "C" Subtotal 859, Reserve for Receivables 419, Fund Balance 1,410, ,689, ,689, (Do not crowd add additional sheets) Sheet 3a

8 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2016 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

9 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2016 Title of Account Debit Credit Cash 81, Grants Receivable 163, Encumbrances Payable Reserve for Grants: Appropriated 243, Unappropriated 1, , , (Do not crowd add additional sheets) Sheet 5

10 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2016 Title of Account Debit Credit Animal Control Fund Cash 8, Due to State of NJ 1.20 Reserve for Encumbrances 1, Reserve for Animal Control Expenditures 7, , , Other Trust Cash 1,510, Reserve for Payroll 84, Reserve for Escrow 526, Reserve for Trust Funds 899, ,510, ,510, (Do not crowd add additional sheets) Sheet 6

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12 Schedule of Trust Fund Reserves Purpose Amount Receipts Disbursements Balance Dec. 31, 2015 as at per Audit Dec. 31, 2016 Report 1. Tax Sale Premium $ 198, $ 107, $ 115, $ 190, Storm Recovery Fund 22, , , , Law Enforcement Trust 18, , , POAA Public Defender 8, , , , Uniform Fire Safety Act 2, , Recycling 25, , , Unemployment 72, , , , K9 Unit Police Dept D & M Property Damage 10. Donation Special Duty 20, , , , Reserve Insurance Refunds 186, , , Well Baby Donations Memorial Day Parade 14. Donation , , Community Garden Project Revitalization Donations Cultural Arts Donations , , Recycling Grass 6, , Tax Collector Lien 43, , , , Donations Dawes Park, 24. Parks and Recreation 19, , , , Historical Site Commission 25. Donation Environmental Commission , , RCA COAH 135, , , Housing Rehabilitation 29. Other Escrows 3, , Totals: $ $ $ $ Sheet 6b

13 Schedule of Trust Fund Deposits and Reserves Purpose Amount Receipts Disbursements Balance Dec. 31, 2015 as at per Audit Dec. 31, 2016 Report 1. October Fair Donations $ $ 2, , $ 2. DonationsNational Night Out 2, , , Housing Trust COAH 284, , , , Donation Franklin St. 4. Project Lighting 6, , Donations Animal Control 2, , Donations Animal Welfare 2, , , , Recreation Donations General Recreation Donations Triathlon 34, , , , Enchantment Reserve 43, , , Peddie Dam Footbridge 10. Donations 1, , Recaptured Funds Housing 11. Rehabilitation 14, , , , Skatepark Donations 19, , Parks and Recreation 13. Shakespeare in the Park 1, , , , Totals: $ 1,179, $ 567, $ 847, $ 899, Sheet 6b1

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, 2015 and Liens Budget Dec. 31, 2016 Assessment Serial Bond Issues: Sheet 7 N/A Assessment Bond Anticipation Note Issues: Other Liabilities Trust Surplus *Less Assets "Unfinanced" *Show as red figure

15 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2016 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized 1,526, Bonds and Notes Authorized but Not Issued 1,526, Cash 211, Grants Receivable 906, Deferred Charges to Future Taxation: Funded 2,081, Unfunded 5,935, General Serial Bonds 1,965, Bond Anticipation Notes 4,409, Loan Payable 116, Encumbrances Payable 35, Capital Improvement Fund 9, Improvement Authorizations: Funded 342, Unfunded 1,578, Reserve for Housing Rehabilitation Reserve John and Mary Hight Sculpture Reserve for Donations Trees / Revitalization Reserve for Grants Receivable 606, Fund Balance 73, ,662, ,662, (Do not crowd add additional sheets) Sheet 8

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17 CASH RECONCILIATION DECEMBER 31, 2016 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" CURRENT FUND First Constitution 2,405, ,405, GRANT FUND First Constitution 81, , CAPITAL FUND First Constitution 201, , ANIMAL CONTROL FUND First Constitution 8, , OTHER TRUST First Constitution General Trust 429, First Constitution Law Enforcement 16, First Constitution Unemployment Trust 31, First Constitution Public Defender 9, First Constitution Tax Collector Lien 71, First Constitution Payroll 120, First Constitution Housing Trust 262, First Constitution RCA COAH 125, First Constitution Escrow Disbursement 5, First Constitution Escrow Master 529, ,600, WATER/SEWER OPERATING First Constitution 376, , WATER/SEWER CAPITAL First Constitution 249, , TOTAL 4,924, 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

18 #REF! MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Sheet 10 Balance 2016 Received Canceled Balance Grant Jan. 1, 2016 Budget Dec. 31, 2016 Revenue Realized Drunk Driving Enforcement 4, , Green Communites Grant 3, , Clean Communities 11, , Recycling Tonnage Grant 5, , Municipal Court Alcohol Ed & Rehab Fund 3, , Small Cities CDBG Block Grant 150, , Mercer County NJSCA Local Arts Prog Body Armor Grant 1, , Body Armor Grant Federal 2, , , , Click It or Ticket 5, , Drive Sober or Get Pulled Over End of Year Holiday Crackdown2015 5, , Drive Sober or Get Pulled Over End of Year Holiday Crackdown2016 5, , Totals 7, , , ,262.34

19 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred from 2016 Budget Appropriations Prior Balance Budget Appropriation Year Expended Encumbrance Balance Jan. 1, 2016 By 40A:487 Encumbrances Payable Canceled Dec. 31, 2016 Drunk Driving Enforcement 19, , , , Clean Communities 11, , , Green Communities Grant 3, , Sheet 11 Municipal Court Alcohol Ed & Rehab Fund 8, , , , Small Cities CDBG Block Grant 150, , Drive Sober or Get Pulled Over End of Year Holiday Crackdown2016 5, , , Recycling Tonnage Grant 40, , , Click It or Ticket 5, , Body Armor Replacement Fund State 3, , , , Body Armor Replacement Fund Federal 2, , , , Mercer County NJSCA Local Arts Prog Drive Sober or Get Pulled Over End of Year Holiday Crackdown2015 2, , JIF Safety Grant 2, , Totals 79, , , , ,143.50

20 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred to 2016 Budget Appropriations Balance Budget Appropriation Received Balance Jan. 1, 2016 By 40A:487 Dec. 31, 2016 Sustainable NJ Capacity Building Stipend Recycling Tonnage Grant 5, , Sheet 12 JIF Safety Grant 1, , Totals 5, , , ,674.00

21 *LOCAL DISTRICT SCHOOL TAX #REF! Balance January 1, 2016 Debit Credit School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year 2016 Paid Balance December 31, 2016 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

22 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) #REF! Debit Credit Balance January 1, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year ,576, Paid 8,576, Balance December 31, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions. 8,576, ,576, REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2016 June 30, 2017 Levy Calendar Year 2016 Paid Balance December 31, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions Sheet 14

23 COUNTY TAXES PAYABLE #REF! Debit Credit Balance January 1, 2016 County Taxes Due County for Added and Omitted Taxes , Levy: General County ,444, County Library , County Health County Open Space Preservation 103, Due County for Added and Omitted Taxes , Paid 2,785, Balance December 31, 2016 County Taxes Due County for Added & Omitted Taxes 8, ,793, ,793, 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 2016 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance. Sheet 15

24 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

25 STATEMENT OF GENERAL BUDGET REVENUES 2016 Source Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget 1,319, ,489, , Added by N.J.S. 40A:487: (List on 17a) Per attached sheet 171, , Total Miscellaneous Revenue Anticipated ,490, ,660, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,595, (b) Addition to Local District School Tax (c) Minimum Library Tax Total Amount to be Raised by Taxation ,595, ,832, , ,975, ,407, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,724, Amount to be Raised by Taxation Local District School Tax Regional School Tax ,576, Regional High School Tax County Taxes ,781, 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) ,832, *Excess NonBudget Revenue (see footnote) *Deficit NonBudget Revenue (see footnote) ,199, ,199, *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

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27 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,804, Budget Added by N.J.S. 40A: , Appropriated for 2016 (Budget Statement Item 9) ,975, Appropriated for 2016 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,975, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,975, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,018, Paid or Charged Reserve for Uncollected Taxes , Reserved , Total Expenditures ,975, 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) 2016 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

28 RESULTS OF 2016 OPERATIONS CURRENT FUND Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated , Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2016 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 2015 Appropriation Reserves , Prior Years Interfunds Returned in Grants Canceled Reserve fo Tax Appeal Canceled 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 Grants Canceled Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) , , , Sheet 19

29 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED SOURCE Amount Realized Tax Map / Ord Copies 0.45 Senior Citizens / Veterans Administrative Fee Miscellaneous Fees/ Notary Fees Court Motor Vehicle Inspections 6, Owners List Tax Collector Fees 1, Police Accident Reports 1, Fire Code Other 1, Americana Lease Current Year 9, FEMA Reimbursements 26, Construction Code Miscellaneous 2, EPL JIF credit 1, Shared Services Roosevelt Public Works Homestead Rebate mailing reimbursement Miscellaneous 2, Refunds 1, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 54, Sheet 20

30 SURPLUS CURRENT FUND YEAR 2016 #REF! Debit Credit 1. Balance January 1, ,215, Excess Resulting from 2016 Operations , Amount Appropriated in the 2016 Budget Cash , Amount Appropriated in 2016 Budget with Prior Written Consent of Director of Local Govt. Services Balance December 31, ,410, ,020, ,020, ANALYSIS OF BALANCE DECEMBER 31, 2016 (FROM CURRENT FUND TRIAL BALANCE) Cash ,269, Investments SubTotal 2,269, Deduct Cash Liabilities Marked with "C" on Trial Balance , Cash Surplus ,410, 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 ,410, * 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 2017 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

31 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2016 LEVY 1. Amount of Levy as per Duplicate (Analysis) # ,954, 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 2016 Levy 16,003, b. Reductions due to tax appeals ** 5c. Total 2016 Tax Levy ,003, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2016 * ,607, Homestead Benefit Credit State's Share of 2016 Senior Citizens and Veterans Deductions Allowed , Total to Line ,724, Total Credits 15,739, Amount Outstanding, December 31, , Percentage of Cash Collections to Total 2016 Levy, (Item 10 divided by Item 5c) is 98.25% 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 15,724, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 15,724, 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 2016 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

32 ACCELERATED TAX SALE / TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2016 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 2016 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 2016 Tax Levy $ Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is Sheet 22a N/A

33 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS #REF! Debit Credit 1. Balance January 1, 2016 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 2015 Taxes 9. Received in Cash from State 23, Veteran Deduction Disallowed 11. Veterans Deductions Allowed By Tax Collector2015 Taxes 12. Balance December 31, 2016 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

34 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:327) #REF! Debit Credit Balance January 1, 2016 Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2016 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) Balance December 31, 2016 Taxes Pending Appeals* Interest Earned on Taxes Pending Appeals * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, Signature of Tax Collector T8248 License # Date Sheet 24 N/A

35 ACCELERATED TAX SALE CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year. A. Reserve for Uncollected Taxes (sheet 25, Item 12) $ B. Reserve for Uncollected Taxes Exclusion: Outstanding Balance of Delinquent Taxes (sheet 26, Item 14A) x % of collection (Item 16) $ C. TIMES : % of increase of Amount to be Raised by Taxes over Prior Year % [(2017 Estimated Total Levy 2016 Total Levy)/2016 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) 2017 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

36 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 448, Totals 448, , Balance Brought Down 448, Collected: 303, A. Taxes , B. Tax Title Liens , Interest and Costs 2016 Tax Sale Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 723, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 67.73% 17. Item No. 14 multiplied by percentage shown above is 284, and represents the maximum amount that may be anticipated in (See Note A on Sheet 22 Current Taxes) (1) These amounts will always be the same. Sheet 26

37 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) #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 2016 ( ) Realized in 2016 Budget To Results of Operation (Sheet 19) Sheet 27 N/A

38 Amount Caused By Dec. 31, 2015 Amount Amount Balance per Audit 2016 Resulting as at Report Budget from 2016 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

39 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 2016 Amount 1/5 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, 2016 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, 2016" must be entered here and then raised in the 2017 budget.

40 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 2016 Amount 1/3 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, 2016 NONE 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, 2016" must be entered here and then raised in the 2017 budget.

41 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS #REF! Debit Credit 2017 Debt Service Outstanding January 1, ,305, Issued Paid , Outstanding, December 31, ,965, ,305, ,305, 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

42 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) DAM RESTORATION LOAN 0 Debit Credit 2017 Debt Service Outstanding January 1, , Issued Paid , Outstanding, December 31, , , , Loan Maturities , Interest on Loans , Total 2017 Debt Service for Dam Restoration Loan , LOAN Outstanding January 1, Issued Paid Outstanding, December 31, Loan Maturities Interest on Loans Total 2017 Debt Service for Loan LIST OF LOANS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate NONE Total Sheet 31a

43 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS #REF! Debit Credit 2017 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

44 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 2017 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2016 Maturity Interest ** (Insert Date) 0704 Auto. Garbage Truck/Containers 229, /28/07 50, /01/ % 25, /01/ Acq. Of Ambulance 84, /28/07 18, /01/ % 9, /01/ Police Dept Equipment 58, /11/08 16, /01/ % 7, /01/ Imp to Westerlea Ave. 78, /11/08 35, /01/ % 3, /01/ Reconstruction of Morrison Ave. 115, /23/09 42, /01/ % 3, /01/ Imp to Memorial Parking Lot 154, /23/09 40, /01/ % 5, /01/ Stockton St. Historic District Imp. 70, /05/14 70, /01/ % 1, /01/ Reconstruction of Leshin Lane 228, /10/10 22, /01/ % 12, /01/ Summit St. Sidewalk Improvements 37, /06/13 35, /01/ % 2, /01/ Peddie Lake Dam Improvements 49, /09/11 43, /01/ % 2, /01/ Milling and Paving of Various Roads 200, /09/11 105, /01/ % 7, , /01/ DPW Vehicles and DPW/Police Equip 305, /08/12 264, /01/ % 20, , /01/ Hurricane Irene Damage Emergency 900, /08/12 668, /01/ % 39, , /01/ Various Capital Improvements 249, /05/14 249, /01/ % 12, , /01/17 Totals 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 2014 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 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

45 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Sheet 33A Amount Title or Purpose of Issue Original Original of Note Date Rate 2017 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2016 Maturity Interest ** (Insert Date) 1215 Communication Equip. Fire Dept. and First Aid 33, /06/13 31, /01/ % 1, /01/ Road Improvements Grape Run Rd and Pershing Avenue 200, /06/13 154, /01/ % 10, , /01/ Peddie Lake Dam Walking Bridge 200, /06/13 193, /01/ % 7, , /01/ Acq of Public Safety Equipment 157, /06/13 150, /01/ % 6, , /01/ Road ImprovementsPark Ave., Greeley St. and Glen Brook Place 300, /05/14 615, /01/ % 32, , /01/ Various Capital Improvements 161, /04/15 161, /01/ % 2, /01/ Road Improvements to Park Way, 2.00% Grant St. and Hutchison Street 180, /02/16 180, /01/ % 2, /01/ Acq. of Aerial Ladder Truck 952, /02/16 952, /01/ % 12, /01/ Acq. of Automated Garbage Truck 309, /02/16 309, /01/ % 4, /01/17 Totals 4,409, , , 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 2014 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 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 SCHEDULE FOR ASSESSMENT NOTES Amount Title or Purpose of Issue Original Original of Note Date Rate 2017 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2016 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, 2014 or prior must be appropriated in full in the 2017 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

47 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 2017 Budget Requirement For Interest/Fees Sheet 34a 1. NONE Total (Do not crowd add additional sheets)

48 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance January 1, 2016 Balance December 31, 2016 Encumbrance Expended/ Encumbrance 2016 Authorizations Funded Unfunded 12/31/2015 Canceled 12/31/2016 Funded Unfunded 0005 Housing Rehabilitation Greenways Project 21, , Acq. of Capacity Rights JCP&L 16, , Mercer St. Revitalization Project 17, , Sheet Peddie Lake Dam Improvements Streetscape/Main St. Redevelopment 11, , , , Police Department Equipment Westerlea Ave Improvements 2, , Reconstruction of Morrison Ave. 2, , Stockton St. Historic District Improvement 22, , Reconstruction of Leshin Lane 13, , Summit St Sidewalk Improvements 4, , Milling and Paving of Various Roads 47, , DPW Vehicles and DPW, Police Equip. 19, , Various Capital Improvements 55, , , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

49 T.J. O'Neill O'Neill and Lang 08/08/00 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.) Balance January 1, 2016 Balance December 31, 2016 IMPROVEMENTS Encumbrance Expended Encumbrance 2016 Authorization Specify each authorization by purpose. Do Funded Unfunded 12/31/ /31/2016 Funded Unfunded not merely designate by a code number Communication Equipment Fire Dept., Fir 1, , Road ImprovementsGrape Run and 1304 Pershing Avenue 8, , Peddie Lake Dam Walking Bridge Improvements 496, , , , , Sheet 35a 1322 Public Safety Equipment 23, , , Road ImprovementsPark Ave., Greeley St. and Glen Brook Place 1, , , , Various Capital Improvements including Document Restoration 32, , , , Various Capital Improvements 4, , , , Road ImprovementsPark Way, Grant St and Hutchison 190, , , Acq. of Aerial Ladder Truck 21, , , , , Improvements to Stockton Street and 1515 Joseph Street 418, , Acquisition of Automated Garbage Truck 10, , , , Police Vehicles, Public Safety Equip 140, , , Rehabilitation of East Ward Street 550, , , , Total , ,169, , ,631, ,601, , , ,578, Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

50 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND #REF! Debit Credit Balance January 1, , Received from 2016 Budget Appropriation * , Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) List by Improvements Direct Charges Made for Preliminary Costs: Appropriated to Finance Improvement Authorizations , Balance December 31, , , , * The full amount of the 2016 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet 36

51 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS #REF! Debit Credit Balance January 1, Received from 2016 Budget Appropriation* Received from 2016 Emergency Appropriation* Appropriated to Finance Improvement Authorizations Balance December 31, * The full amount of the 2016 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2016 AND DOWN PAYMENTS (N.J.S. 40A:211) GENERAL CAPITAL FUND ONLY Purpose Amount Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Payment in Budget of 2016 or Prior Years Police Vehicles, Public Safety Equip(1) 140, , , Rehabilitation of East Ward Street(2) 550, , Total , , , 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. (1)Capital Fund Balance $30,000 (2)Dept. of Transportation Grant $300,000 Sheet 37

52 #REF! GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR 2016 Debit Credit Balance January 1, , Premium on Sale of Bonds Funded Improvement Authorizations Canceled Premium on Sale of Bond Anticipation Notes 15, Encumbrance Canceled Fully Funded Ordinance Appropriated to Finance Improvement Authorizations , Appropriated to 2016 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 VIA, P.L. 1945, with Covenant or Covenants; Outstanding December 31, Amount of Cash in Special Trust Fund as of December 31, 2016 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in Amount of Interest on Bonds with a Covenant 2017 Requirement 5. Total of 3 and 4 Gross Appropriation 6. Less Amount of Special Trust Fund to be Used 7. Net Appropriation Required NOTE A This amount to be supported by confirmation from bank or banks. Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto. Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of Item 7 extended into the 2017 appropriation column. Sheet 38

53 MUNICIPALITIES ONLY IMPORTANT This Sheet Must Be Completely Filled in or the Statement Will be Considered Incomplete (N.J.S.A.52:27BB55 As Amended by Chap. 211, P.L. 1981) A. 1. Total Tax Levy for the Year 2016 was 16,003, Amount of Item 1 Collected in 2016 (*) 15,724, Seventy (70) percent of Item 1 11,202, (*) Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year 2016? Answer YES or NO Yes 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2016? Answer YES or NO Yes If answer is "NO" give details NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2017 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 2015 None 2. 4% of 2015 Tax Levy for all purposes: Levy = 3. Cash Deficit 2016 None 4. 4% of 2016 Tax Levy for all purposes: Levy = E. Unpaid Total 1. State Taxes NONE 2. County Taxes 8, , Amounts due Special Districts NONE 4. Amounts due School Districts for Local School Tax Sheet 39

54 SHEETS 40 to 68, INCLUSIVE, PERTAIN TO UTILITIES ONLY Note: If no "utility fund" existed on the books of account and if no utility was owned and operated by the municipality during the year 2016 please observe instructions of Sheet 2. NOTE: THE BOROUGH DOES NOT OPERATE A WATER UTILITY, THEREFORE SHEETS 41 THROUGH 54 ARE NOT NECESSARY AND HAVE BEEN REMOVED. Sheet 40

55 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE WATERSEWER UTILITY FUND AS AT DECEMBER 31, 2016 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit WATERSEWER UTILITY OPERATING FUND Cash 448, Due From Current Fund Consumer Accounts Receivable: WaterSewer Rents 103, Gray Water Fees 21, Fire Service Receivable 1, Appropriation Reserves 122, Reserve for Encumbrances 89, Prepaid Rents Rent Overpayments 3, Accounts Payable 7, Accrued Interest on Notes 2, Accrued Interest on Bonds 24, Accrued Interest on Loans 10, , "C" Reserve for Receivables 125, Fund Balance 188, , , (Do not crowd add additional sheets) Sheet 55

56 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE WATERSEWER UTILITY FUND AS AT DECEMBER 31, 2016 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit WATERSEWER UTILITY CAPITAL FUND Estimated Proceeds Bonds & Notes Authorized not Issued 1,920, Bonds and Notes Authorized but not Issued 1,920, Cash 159, Fixed Capital 15,336, Fixed Capital Authorized and Uncompleted 7,036, Serial Bonds Payable 1,880, Loans Payable 2,996, Bond Anticipation Notes 900, Encumbrances Payable 159, Improvement Authorizations Funded Improvement Authorizations Unfunded 1,797, Reserve for Amortization 14,426, Deferred Reserve for Amortization 248, Capital Improvement Fund 25, Down Payments on Improvements Fund Balance 97, ,453, ,453, (Do not crowd add additional sheets) Sheet 55a