ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2009 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2009 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2009 MUNICODE 9,365 1,666,735, FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2010 MUNICIPALITIES FEBRUARY 10, 2010 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:512, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH of KINNELON, County of MORRIS SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 Preliminary Check 2 Examined I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65 are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Name Title Vincent M. Montanino Registered Municipal Accountant (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 that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do hereby certify that I, Norman M. Eckstein, am the Chief Financial Officer, License N0540, of the BOROUGH of KINNELON, County of MORRIS and that the statements annexed hereto and made part hereof are true statements of the financial condition of the Local Unit as at December 31, 2009, completely in compliance with N.J.S. 40A:512, as ammended. I also give complete assurances to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, 2009 Signature Title CHIEF FINANCIAL OFFICER Address KINNELON ROAD, KINNELON, NEW JERSEY Phone Number (973) Fax Number (973) 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 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 post closing trial balances, related statements and analyses included in the accompanying Annual Financial Statements from the books of account and records made available to me by the BOROUGH of KINNELON as of December 31, 2009 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:512, as amended. Because the agreed upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing statements, 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 Statements for the year ended 2009 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: (Registered Municipal Accountant) VM ASSOCIATES, INC. (Firm Name) 111 HOWARD BLVD SUITE 212 P.O. BOX 397 (address) MT. ARLINGTON, NJ (address) (973) (Phone Number) Certified by me (973) This day of March, 2010 (Fax Number) Sheet 1a

3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the municipality has complied with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2009 as required under N.J.A.C. 5: Printed name: Signature: Certificate #: Date: Sheet 1b

4 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination. 1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%; 2. All emergencies approved for the previous fiscal year did not exceed 3% of total appropriations; 3. The tax collection rate exceeded 90%; 4. Total deferred charges did not equal or exceed 4% of the total tax levy; 5. There were no "procedural deficiencies" noted by the registered municipal accountant on Sheet 1a of the Annual Financial Statement; and 6. There was no operating deficit for the previous year. 7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive years. 8. The municipality did not conduct an accelerated tax sale or tax lien sale the previous fiscal year and or does not plan to conduct one in the current year. 9. The current year budget does not contain a "CAP" waiver per N.J.S.A. 40A:445.3ee 10. The municipality will not apply for Extraordinary Aid for The undersigned certifies that this municipality has complied in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5: Municipality: Chief Financial Officer: Signature: Certificate #: Date: CERTIFICATION OF QUALIFYING MUNICIPALITY The undersigned certifies that this minicipality does not meet item(s) # of the criteria above and therefore does not qualify for local examination of it's Budget in accordance with N.J.A.C. 5: Municipality: Chief Financial Officer: Signature: Certificate #: Date: CERTIFICATION OF NONQUALIFYING MUNICIPALITY Sheet 1c

5 Federal I. D. # BOROUGH OF KINNELON Municipality MORRIS County Report of Federal and State Financial Assistance Expenditure of Awards Fiscal Year Ending:December 31, 2009 (1) (2) (3) Federal programs State Other Federal Expended Programs Programs (administered by Expended Expended the state) TOTAL 27, Type of Audit required by OMB A133 and OMB 0404: Single Audit Program Specific Audit X Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book) Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB A133 (Revised 6/27/03) and OMB The single audit threshold has been increased to 500,000 beginning with Fiscal Year ending after 12/31/03. Expenditures are defined in Section 205 of OMB A133. (1) Report expenditures from federal passthrough programs received directly from state government. Federal passthrough 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 passthrough 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 federal government or indirectly from entities other than state government Signature Of Chief Financial Officer Date Sheet 1d

6 IMPORTANT! READ INSTRUCTIONS INSTRUCTION The following certification is to be used ONLY in the event there is NO municipally operated utility. If there is a utility operated by the municipality or if a "utility fund" existed on the books of account, do not sign this statement and do not remove any of the UTILITY sheets from the document. CERTIFICATION NOT APPLICABLE I hereby certify that there was no "utility fund" on the books of account and there was no utility owned and operated by the of, County of during the year 2009 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Name Title (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) NOTE: When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet in the statement) in order to provide a protective cover sheet to the back of the document. MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2009 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2009 and filed with the County Board of Taxation on January 10, 2010 in accordance with the requirement of N.J.S.A. 54:435, was in the amount of. SIGNATURE OF TAX ASSESSOR BOROUGH of KINNELON MUNICIPALITY MORRIS COUNTY Sheet 2

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND AS AT DECEMBER 31, 2009 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash Treasurer 3,208, Petty Cash Change Fund Collector Subtotal Cash 3,209, Amount Due from State of New Jersey: Senior Citizens' and Veterans Deductions 5, Delinquent Property Taxes 640, Tax Title Liens 733, Property Acquired for Taxes At Assessed Valuation 32, Amount Due From Other Trust Fund 22, Amount Due From General Capital Fund Amount Due From Public Assistance Fund 2, Amount Due From Lakeland Regional Solid Waste Authority 19, Prepaid School Tax 337, (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, 2009 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Appropriation Reserves 756, Reserve for Encumbrances 179, Prepaid Taxes 160, Tax Overpayments 62, Reserve for Tax Appeals Pending 35, Amount Due To Federal and State Grants Fund 81, Amount Due to Dog Trust Fund Amount Due To Trust Other Fund 3, Amount Due To State of New Jersey: Marriage License Fees Construction Code Fees 2, Assault Weapon Fees Reserve for Garden State Trust 260, ,544, "C" Reserve for Receivables 1,789, Fund Balance 1,670, ,003, ,003, (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 3a

9 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE SUMMARY CURRENT FUND AND STATE AND FEDERAL GRANTS AS AT DECEMBER 31, 2009 Title of Account Debit Credit Cash ,209, Taxes Receivable , Tax Title Liens , Foreclosed Property , Other Receivables , State and Federal Grants Receivable , Total Assets ,160, Cash Liabilities ,701, Reserve for Receivables ,789, Fund Balance ,670, Total Liabilities, Reserves and Fund Balance ,160, (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 3b

10 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2 * AS AT DECEMBER 31, 2009 Title of Account Debit Credit Public Assistance Trust Fund No. 1: Cash Treasurer 34, Amount Due to PA Trust No. 2 Amount Due to Current Fund 1, Reserve for Public Assistance Trust No. 1 32, , , Public Assistance Trust Fund No. 2: Cash Treasurer 5, Amount Due from PA Trust No. 1 Amount Due from Current Fund Amount Due to Current Fund Reserve for Public Assistance Trust No. 2 5, , , (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

11 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2009 Title of Account Debit Credit Amount Due from Current Fund 81, Federal and State Aid Receivable 75, Unappropriated Reserves Appropriated Reserves 155, Reserve for Encumbrances , , (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 5

12 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2009 Title of Account Debit Credit Dog License Fund: Cash Treasurer 4, Amount Due From Current Fund Reserve for Animal Control Fund Expenditures 1, Prepaid Licenses 2, Amount Due To State of NJ , , Other Trust Funds: Cash Treasurer 2,612, Amount Due From Current Fund 3, Amount Due From General Capital Fund Reserve for Special Funds 2,593, Amount Due To Current Fund 22, ,616, ,616, (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 6

13 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2009 Title of Account Debit Credit (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 6 A

14 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2008: (1) X (2) Municipal Public Defender Trust Cash Balance December 31, 2009:... (3) 1, % 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) = (1,687.50) 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

15 Schedule of Trust Fund Deposits and Reserves Amount Dec. 31, 2008 Balance per Audit as of Purpose Report Receipts Disbursements Dec. 31, Special Recreation 146, , , , Historical Commission 9, , , , Planning Board Escrow 95, , , , Special Deposits 1,058, , ,060, Recycling 30, , , , Special Law Enforcement 12, , , Uniform Fire Safety 1, , , Municipal Alliance 5, , , , Planning Board Insp. Fees 5, , Clerks Special 50, , , , Police Outside Duties 6, , , , Open Space 927, , , ,136, Accumulated Absences 58, , , , P.O.A.A Community Police Donations Tax Sale Premium 5, , Totals: 2,413, , , ,612, Sheet 6b

16 Sheet 7 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Receipts Audit Title of Liability to which Cash Balance Balance and Investments are Pledged Dec. 31, 2008 Assessment Current Interest Disbursements Dec. 31, 2009 and Liens Budget on Investments Assessment Serial Bond Issues: XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX Assessment Bond Anticipation Notes Issues: XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX N/A Other Liabilities Trust Surplus *Less Assets "Unfinanced" XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX XXXXXXX * Show as red figure

17 CASH RECONCILIATION DECEMBER 31, 2009 *On Hand Cash Less Checks Cash Book Outstanding Balance On Deposit Current 74, ,539, , ,209, Trust Assessment Trust Dog License , , Trust Other 251, ,362, , ,612, Capital General 3, , , Water Operating 1, , , , Water Capital 209, , , Utility Assessment Public Assistance * * 40, , Sewer Operating 9, , , * Include Deposit In Transit Total 340, ,492, , ,416, * * 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 amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at December 31, All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepares this Annual Financial Statement as certified to on Sheet 1 or 1 (a). Signature: Title: Registered Municipal Accountant Sheet 9

18 CASH RECONCILIATION DECEMBER 31, 2009 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" LAKELAND STATE BANK: Account No Current Fund 369, Account No Trust Other Fund (Planning Board) 5, Account No Public Assistance I 34, Account No Public Assistance II 6, COLUMBIA BANK Account No Trust Other Fund (Planning Board) 95, Various Police Escrow Deposits (14) 10, Note: Sections N.J.S. 40A:461, 40A:462 and 40A:463 of the Local Budget Law that separate bank accounts be maintained for each allocated fund. Sheet 9a

19 CASH RECONCILIATION DECEMBER 31, 2009 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" COLUMBIA BANK: Account No Current Fund 330, Account No Current Fund 2,839, Account No Animal Control Fund 3, Account No Trust Other Fund (Recycling) 34, Account No Trust Other Fund (Historical) 9, Account No Trust Other Fund (Uniform Fire) 10, Account No Trust Other Fund (Recreation) 88, Account No Trust Other Fund (Special Law Enf.) 17, Account No Trust Other Fund (Kamelot) 12, Account No Trust Other Fund (Accumulated Absences) 74, Account No Trust Other Fund (Open Space) 886, Account No Trust Other Fund (Clerk) 54, Account No Trust Other Fund (P.O.A.A.) Account No Trust Other Fund (Community Police Donations) Account No General Capital 657, Account No Water Operating Fund 186, Account No Water Capital Fund 209, Account No Sewer Operating Fund 492, Various Special Deposits (36) 1,060, Note: Sections N.J.S. 40A:461, 40A:462 and 40A:463 of the Local Budget Law that separate bank accounts be maintained for each allocated fund. Total 7,492, Sheet 9b

20 Sheet 10 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2009 Received Transferred Balance Grant Jan. 1, 2009 Budget from Dec. 31, 2009 Revenue Unappropriated Realized Reserves Canceled Click It or Ticket Grant 4, , Drunk Driving Enforcement Fund 5, , SHARE Grant Morris County Board of Taxation 1, , Recycling Tonnage Grant 10, , Bycycle Unit Grant 7, , Historical Commission 1, , Highlands 2009 Plan Conformance 50, , Highlands Initial Assessment Grant 15, , Totals 9, , , , ,137.38

21 Sheet 11 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Balance Transferred from 2009 Reserve Balance Grant Jan. 1, 2009 Budget Appropriations for Expended Reserve Dec. 31, 2009 Budget Appropriations Encumbrances For By 40a:487 Canceled Encumbrances Canceled Supplemental Fire Services Program 2, , Alcohol Education and Rehabilitation Fund 4, , , Recycling Tonnage Grant 15, , , , , Clean Communities 26, , , , , Drunk Driving Enforcement Fund 1, , , , Safe and Secure Communities Program Body Armor Replacement Fund 2, , , County of Morris Technology Grant 1, , DV Crisis Response Team Training Pittsburgh Foundation Grant COPS Universal Hiring Grant 2, , Click it or Ticket Grant 4, , DARE Program Donations Storm Water Grant 16, , Program DonationsCommunity Policing Morris County Board of Taxation Keep Kids Alive Totals 73, , , , , ,863.48

22 Sheet 11a SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Balance Transferred from 2009 Balance Grant Jan. 1, 2009 Budget Appropriations Expended Reserve Dec. 31, 2009 Budget Appropriations For By 40a:487 Encumbrances Canceled Motorcycle Unit Grant 1, , Bycycle Unit Grant 4, , SHARE Grant 2, , Domestic Violence Grant Historical Commission 1, , Highlands 2009 Plan Conformance 50, , , Highlands Initial Assessment Grant 15, , Totals 82, , , , , ,525.14

23 Sheet 12 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Balance Transferred to 2009 Transferred Balance Grant Jan. 1, 2009 Budget Appropriations Received to Dec. 31, 2009 Budget Appropriation State Aid By 40a:487 Receivables Body Armor Replacement Fund 1, , Recycling Tonnage Grant 5, , Keep Kids Alive Grant Domestic Violence Totals 7, ,

24 *LOCAL DISTRICT SCHOOL TAX DEBIT CREDIT Balance January 1, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2009 June 30, 2010 Levy Calendar Year ,781, Paid 31,781, Balance December 31, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) *Not Including Type I school debt service, emergency authorizationsschools, transfer to Board of Education for use of local schools 31,781, # Must Include unpaid requisitions 31,781, MUNICIPAL OPEN SPACE TAX DEBIT CREDIT Balance January 1, , Grants Received in Levy , Added/Omitted Assessment Interest Earned 8, Expenditures 50, Balance December 31, ,136, ,186, ,186, Sheet 13

25 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) DEBIT CREDIT Balance January 1, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2009 June 30, 2010 Levy Calendar Year 2009 Paid Balance December 31, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must Include unpaid requisitions REGIONAL HIGH SCHOOL TAX DEBIT CREDIT Balance January 1, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, 2009 June 30, 2010 Levy Calendar Year 2009 Paid Balance December 31, 2009 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions Sheet 14

26 COUNTY TAXES PAYABLE DEBIT CREDIT Balance January 1, 2009 County Taxes Due County for Added and Omitted Taxes , Levy xxxxxxxxx General County ,799, County Library County Health County Open Space Preservation 803, Due County for Added and Omitted Taxes , Paid 5,628, xxxxxxxxx Balance December 31, 2009 xxxxxxxxx County Taxes xxxxxxxxx Due County for Added and Omitted Taxes xxxxxxxxx 5,628, ,628, SPECIAL DISTRICT TAXES NOT APPLICABLE DEBIT CREDIT Balance January 1, Levy: (List Each Type of District Tax Seperately see Footnote) xxxxxxxxx Fire xxxxxxxxx Sewer xxxxxxxxx Water xxxxxxxxx Garbage xxxxxxxxx Open Space xxxxxxxxx xxxxxxxxx xxxxxxxxx Total 2009 Levy Paid xxxxxxxxx Balance December 31, xxxxxxxxx Footnote: Please state the number of districts in each instance. Sheet 15

27 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID DEBIT CREDIT Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A.40:5435) Balance January 1, State Library Aid Received in Expended Balance December 31, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, State Library Aid Received in Expended Balance December 31, Sheet 16

28 STATEMENT OF GENERAL BUDGET REVENUES 2009 Source Budget Realized Excess or (Deficit) Surplus Anticipated ,950, ,950, Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: xxxxxxxxx Adopted Budget 1,562, ,620, , Added by N.J.S. 40A:487: (List on 17a) xxxxxxxxx 88, , Total Miscellaneous Revenue Anticipated ,650, ,708, , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: xxxxxxxxx (a) Local Tax for Municipal Purposes ,829, xxxxxxxxx (b) Addition to Local District School Tax xxxxxxxxx Total Amount to be Raised by Taxation ,829, ,568, , ,929, ,964, ,034, ALLOCATION OF CURRENT TAX COLLECTIONS DEBIT CREDIT Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,532, Amount to be Raised by Taxation xxxxxxxxx Local District School Tax ,781, xxxxxxxxx Regional School Tax xxxxxxxxx Regional High School Tax xxxxxxxxx County Tax ,603, xxxxxxxxx Due County for Added and Omitted Taxes , xxxxxxxxx Special District Taxes xxxxxxxxx Municipal Open Space Taxes , xxxxxxxxx Reserve for Uncollected Taxes ,673, Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) ,568, xxxxxxxxx *Excess NonBudget Revenue (see footnote) xxxxxxxxx *Deficit NonBudget Revenue (see footnote) *These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocated would apply to "Non Budget Revenue" only. 46,205, ,205, Sheet 17

29 STATEMENT OF GENERAL BUDGET REVENUES 2009 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40 A:487 Source Budget Realized Excess or Deficit Occupant Protection ProgramClick It or Ticket 4, , Recyling Tonnage Grant 10, , Drunk Driving Enforcement Fund 5, , Clean Communities Program 3, , Highlands 2009 Plan Conformance 50, , Highlands Initial Assessment Grant 15, , Total (Sheet 17) 88, , Sheet 17a

30 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,841, Budget Added by N.J.S. 40A: , Appropriated for 2009 (Budget Statement Item 9) ,929, Appropriated for 2009 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,929, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,929, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,499, Paid or Charged Reserve for Uncollected Taxes ,673, Reserved , Total Expenditures ,929, 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) 2009 Authorizations N.J.S. 40A:446 (After adoption of budget) N/A N.J.S. 40A:420 (Prior to adoption of budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

31 RESULTS OF 2009 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: XXXXXXXX XXXXXXXX Miscellaneous Revenues Anticipated XXXXXXXX 58, Delinquent Tax Collections XXXXXXXX 237, XXXXXXXX Required Collection of Current Taxes XXXXXXXX 738, Unexpended Balances of 2009 Budget Appropriations XXXXXXXX Miscellaneous Revenues Not Anticipated XXXXXXXX 193, Miscellaneous Revenues Not Anticipated Proceeds of Sale of Foreclosed Property (Sheet 27) XXXXXXXX Payments in Lieu of Taxes on Real Property XXXXXXXX Sale of Municipal Assets XXXXXXXX Unexpended Balances of 2008 Appropriation Reserves XXXXXXXX 203, Prior Years Interfunds Returned in XXXXXXXX 3, Tax Overpayments Canceled XXXXXXXX Grant Appropriated Reserves Canceled XXXXXXXX 8, Reserve Accounts Canceled 18, Payroll Advance 19, Prior Year Veteran Deduction Allowed XXXXXXXX Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) XXXXXXXX XXXXXXXX Balance January 1, XXXXXXXX Balance December 31, XXXXXXXX Deficit in Anticipated Revenues: XXXXXXXX XXXXXXXX Miscellaneous Revenues Anticipated XXXXXXXX Delinquent Tax Collections XXXXXXXX XXXXXXXX Required Collections of Current Taxes XXXXXXXX Interfund Advances Originating in XXXXXXXX Prepaid School Taxes 337, Refund of Prior Year Revenue 2, XXXXXXXX PY Liens Applied 5, XXXXXXXX Prior Year Grant Receivable Canceled 1, XXXXXXXX Miscellaneous 55, XXXXXXXX Deficit Balance To Trial Balance (Sheet 3) XXXXXXXX Surplus Balance To Surplus (Sheet 21) ,078, XXXXXXXX 1,481, ,481, Sheet 19

32 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED SOURCE Amount Realized Interest on Investments 49, Division of Motor Vehicles Fines 4, Franchise Fee Cable TV 33, Unclaimed Tax Sale Premiums 5, BOE Gas Reimbursements 33, Tax Collector Land Use Ordinances & Maps LEA 2, Outside Employment Administration Fee 12, Copies Senior Citizen and Veterans Administration Fee 1, Assessor's List Gasoline Receipts 5, Return Check Fees Void Checks Canceled 40, Miscellaneous 3, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 193, Sheet 20

33 SURPLUS CURRENT FUND YEAR 2009 Debit Credit 1. Balance January 1, XXXXXXXX 2,542, XXXXXXXX 3. Excess Resulting from 2009 Operations XXXXXXXX 1,078, Amount Appropriated in the 2009 Budget Cash ,950, XXXXXXXX 5. Amount Appropriated in the 2009 Budget with Prior Written Consent of Director of Local Government Services XXXXXXXX 6. XXXXXXXX 7. Balance December 31, ,670, XXXXXXXX 3,620, ,620, ANALYSIS OF BALANCES DECEMBER 31, 2009 (FROM CURRENT FUND TRIAL BALANCE) Cash ,209, Investments Prepaid School Taxes Sub Total 3,209, Deduct Cash Liabilities Marked with "C" on Trial Balance ,544, Cash Surplus ,665, 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 , * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", OTHER ASSETS ,670, WOULD ALSO BE PLEDGED TO CASH LIABILITIES. #MAY NOT BE ANTICIPATED AS NON CASH SURPLUS IN 2010 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

34 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2009 LEVY 1. Amount of Levy as per Duplicate (Analysis) # ,468, 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 2009 Levy 45,484, b. Reductions due to tax appeals** 5c. Total 2009 Levy ,484, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled , Discount Allowed Collected in Cash: In , In 2009 * ,298, State's Share of 2009 Senior Citizens and Veterans Deductions Allowed , R.E.A.P. Revenue Total To Line ,532, Total Credits 44,844, Amount Outstanding December 31, , Percentage of Cash Collections to Total 2009 Levy, (Item 10 divided by Item 5)is 97.90% 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 44,532, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 44,532, Note A: In showing the above percentage the following should be noted: Where Item 5 shows 1,5000,000.00, and Item 10 shows 1,049,977.50, the percentage represented by the cash collections would be 1,049, / 1,500, 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 2009 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 Sheet 22

35 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2009 XXXXXXXX XXXXXXXX Due From State of New Jersey 3, XXXXXXXX Due To State of New Jersey XXXXXXXX 2. Sr. Citizens Deductions Per Tax Billings 8, XXXXXXXX 3. Veterans Deductions Per Tax Billings 69, XXXXXXXX 4. Sr. Citizens Deductions Allowed By Tax Collector 1, XXXXXXXX 5. Veterans Deductions Allowed By Tax CollectorCurrent Year Veterans Deductions Allowed By Tax CollectorPrior Year Sr. Citizens Deductions Disallowed By Tax Collector XXXXXXXX 8. Sr. Citizens Deductions Disallowed by Tax Collector 2008 Taxes XXXXXXXX 9. Received in Cash from State XXXXXXXX 77, Veterans Deductions Disallowed By Tax Collector Balance December 31, 2009 XXXXXXXX XXXXXXXX Due From State of New Jersey XXXXXXXX 5, Due To State of New Jersey XXXXXXXX 82, , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 8, Line 3 69, Line 4 & 5 1, Sub Total 79, Less: Line 7 To Item 10, Sheet 22 79, Sheet 23

36 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:327) NOT APPLICABLE Debit Credit Balance January 1, 2009 XXXXXXXX 8, Taxes Pending Appeals 8, XXXXXXXX XXXXXXXX Interest Earned on Taxes Pending Appeals XXXXXXXX XXXXXXXX Contested Amount of 2009 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) XXXXXXXX Interest Earned on Taxes Pending State Appeals XXXXXXXX 2008 Budget Appropriation 60, Cash Paid to Appellants (Including 5% Interest from Date of Payment) 32, XXXXXXXX Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) XXXXXXXX Balance December 31, , XXXXXXXX Taxes Pending Appeals * 35, XXXXXXXX XXXXXXXX Interest Earned on Taxes Pending Appeals XXXXXXXX XXXXXXXX 68, , * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, Signature of Tax Collector License # Date Sheet 24

37 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, ,397, XXXXXXXX A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens , XXXXXXXX XXXXXXXX 2. Canceled: XXXXXXXX XXXXXXXX A. Taxes XXXXXXXX 1, B. Tax Title Liens XXXXXXXX 3. Transferred to Foreclosed Tax Title Liens: XXXXXXXX XXXXXXXX A. Taxes XXXXXXXX 1, B. Tax Title Liens XXXXXXXX 4, Added Taxes XXXXXXXX 5. Added Tax Title Liens XXXXXXXX 6. Adjustment between Taxes (Other than current year) and Tax Title Liens: XXXXXXXX XXXXXXXX A. Taxes Transfers to Tax Title Liens XXXXXXXX (1 11, B. Tax Title Liens Transfers from Taxes (1 11, XXXXXXXX 7. Balance Before Cash Payments XXXXXXXX 1,389, Totals 1,408, ,408, Balance Brought Down 1,389, XXXXXXXX 10. Collected: XXXXXXXX 737, A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens , XXXXXXXX XXXXXXXX 11. Interest and Costs 2009 Tax sale , XXXXXXXX Taxes Transferred to Liens , XXXXXXXX Taxes , XXXXXXXX 14. Balance December 31, 2009 XXXXXXXX 1,374, A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens , XXXXXXXX XXXXXXXX 15. Totals 2,112, ,112, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No.10 divided by Item No. 9 is 53.08% 17. Item No. 14 multiplied by percentage shown above is 729, 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) Debit Credit 1. Balance January 1, , XXXXXXXX 2. Foreclosed or Deeded in 2009 XXXXXXXX XXXXXXXX 3. Tax Title Liens , XXXXXXXX 4. Taxes Receivable , XXXXXXXX 5A XXXXXXXX 5B XXXXXXXX 6. Adjustment to Assessed Valuation , XXXXXXXX 7. Adjustment to Assessed Valuation XXXXXXXX 8. Sales XXXXXXXX XXXXXXXX 9. Cash * XXXXXXXX 10. Contract XXXXXXXX 11. Mortgage XXXXXXXX 12. Loss on Sales XXXXXXXX 13. Gain on Sales XXXXXXXX 14. Balance December 31, XXXXXXXX 32, CONTRACT SALES 32, , NOT APPLICABLE Debit Credit 15. Balance January 1, XXXXXXXX Sales from Foreclosed Property XXXXXXXX 17. Collected * XXXXXXXX XXXXXXXX 14. Balance December 31, XXXXXXXX MORTGAGE SALES NOT APPLICABLE Debit Credit 20. Balance January 1, XXXXXXXX Sales from Foreclosed Property XXXXXXXX 22. Collected * XXXXXXXX XXXXXXXX 24. Balance December 31, XXXXXXXX Analysis of Sale of Property: *Total Cash Collected in 2009 ( ) Realized in 2009 Budget To Results of Operation (Sheet 19) Sheet 27

39 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.) Amount Caused By Dec. 31, 2008 Amount in Amount Balance per Audit 2009 Resulting as at Report Budget from 2009 Dec. 31, Emergency Authorization Municipal * 2. Emergency Authorizations Schools *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:251 Date Purpose Amount NOT APPLICABLE JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In favor of On Account of Date Entered Amount Year NOT APPLICABLE 4. Sheet 28

40 Sheet 29 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 Date Purpose Amount 1/5 of Amount Balance REDUCED IN 2009 Balance Authorized Authorized * Dec. 31, 2008 By 2009 Canceled Dec. 31, 2009 Budget by Resolution NOT APPLICABLE 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 onefith (1/5) of amount authorized but not more than the amount shown in the column ''Balance Dec. 31, 2009'' must be entered here and then raised in the 2010 budget.

41 Sheet 30 N.J.S. 40A:455.1,ET SEQ., SPECIAL EMERGENCY DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:455.1,ET SEQ., SPECIAL EMERGENCY PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than Date Purpose Amount 1/3 of Amount Balance REDUCED IN 2009 Balance Authorized Authorized * Dec. 31, 2008 By 2009 Canceled Dec. 31, 2009 Budget by Resolution NOT APPLICABLE 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, 2009'' must be entered here and then raised in the 2010 budget.

42 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2009 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized 2,104, Bonds and Notes Authorized but Not Issued 2,104, Cash Treasurer 661, Deferred Charges to Future Taxation: Funded 7,116, Unfunded 7,600, Green Acres Loan Payable 331, Serial Bonds Payable 6,785, Bond Anticipation Notes 5,531, Capital Improvement Fund 82, Amount Due To Current Fund Amount Due To Open Space Trust Fund Reserve for Cost of Issuance 65, Reserve for Housing Rehabilitation 9, Improvement Authorizations: Funded 136, Unfunded 2,317, Reserve for Encumbrances 56, Fund Balance 62, ,482, ,482, (DO NOT CROWD ADD ADDITIONAL SHEETS) Sheet 8

43 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2010 DEBT SERVICE FOR BONDS (MUNICIPAL) GENERAL CAPITAL BONDS 2010 Debt Debit Credit Service Outstanding January 1, XXXXXXXX 6,975, Issued XXXXXXXX 6,070, Paid ,260, XXXXXXXX Outstanding December 31, ,785, XXXXXXXX 13,045, ,045, Bond Maturities General Capital Bonds , Interest on Bonds * , ASSESSMENT SERIAL BONDS Outstanding January 1, XXXXXXXX Issued XXXXXXXX Paid XXXXXXXX N/A Outstanding December 31, XXXXXXXX 2010 Bond Maturities Assessment Bonds Interest on Bonds * Total "Interest on Bonds Debt Service " (*Items) 177, LIST OF BONDS ISSUED DURING 2009 Date of Interest Purpose 2010 Maturity Amount Issued Issue Rate Refunding of , ,070, /16/2009 Variable Total 105, ,070, Sheet 31

44 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2010 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) GREEN ACRES LOAN 2010 Debt Debit Credit Service Outstanding January 1, XXXXXXXX 393, Issued XXXXXXXX Paid , XXXXXXXX Outstanding December 31, , XXXXXXXX 393, , Loan Maturities , Interest on Loans , Total 2010 Debt Service for Green Acres Loan , LOAN Outstanding January 1, XXXXXXXX Issued XXXXXXXX Paid XXXXXXXX Outstanding December 31, XXXXXXXX 2010 Loan Maturities Interest on Loans Total 2010 Debt Service for Loan LIST OF LOANS ISSUED DURING 2009 Date of Interest Purpose 2010 Maturity Amount Issued Issue Rate N/A Total Sheet 31a

45 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2010 DEBT SERVICE FOR BONDS TYPE 1 SCHOOL TERM BONDS Outstanding January 1, XXXXXXXX 2010 Debt Debit Credit Service Paid XXXXXXXX N/A Outstanding December 31, XXXXXXXX 2010 Bond Maturities Term Bonds Interest on Bonds * TYPE 1 SCHOOL SERIAL BOND Outstanding January 1, XXXXXXXX Issued XXXXXXXX Paid XXXXXXXX N/A Outstanding December 31, XXXXXXXX 2010 Interest on Bonds * Bond Maturities Serial Bonds Total "Interest on Bonds Type 1 School Debt Service" (*Items) LIST OF BONDS ISSUED DURING Maturity Amount Issued Date of Interest Purpose Issue Rate N/A 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

46 Sheet 33 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Original Original Amount Date Rate 2010 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, 2009 ** 1. Acquisition of New Fire Apparatus 356, /30/ , /26/ % 44, , /26/ Acquisition of Police & DPW Equipment 238, /25/ , /26/ % 26, , /26/ Improvement of Fayson Lakes Road 27, /1/ , /26/ % 1, /26/ Improvement of Municipal Complex HVAC 380, /9/ , /26/ % 38, , /26/ Acquisition of New & Additional Equipment 142, /4/ , /26/ % 19, , /26/ Various Road Improvements 119, /12/ , /26/ % 14, , /26/ Various Road Improvements 157, /12/ , /26/ % 17, , /26/ Various Improvements 114, /12/ , /26/ % 14, , /26/ Construction of Recreation Fields 1,523, /4/2005 1,240, /26/ % 60, , /26/ Construction of Salt Storage Facility 371, /4/ , /26/ % 41, , /26/ Construction of Recreation Fields 190, /4/ , /26/ % 29, , /26/ Acquisition of Various Equipment 521, /9/ , /26/ % 64, , /26/ Improvement of Various Roads , /19/ , /26/ % 1, /26/ Improvement of Chilhowie Drive 33, /19/ , /26/ % 2, /26/ Acquisition of Land 30, /19/ , /26/ % 4, /26/ Construction of New Bike Path 16, /19/ , /26/ % 2, /26/2010 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 2007 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2010 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)