ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED) POPULATION LAST CENSUS NET V ALVA TION TAXABLE 2016 MUNICODE 21,274 $773,391, FIVE DOLLAR PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2017 MUNICIPALITIES-FEBRUARY 11, 2017 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH ROSELLE County of UNION SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: I 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, can be supported upon demand by a register or other detailed analysis. Name and Title: (This MUST be signed by ChiefFinancial Officer, Comptroller, Auditor or Registered Municipal Accountant.) REQUIRED CERTIFICATION BY CHIEF FINANCIAL OFFICER: I hereby certify that I am responsible for filing this verified Annual Financial Statement, which I have not prepared 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 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, KIMBERLEY BROWNE, am the ChiefFinancial Officer, License# N0851, of the Borough of Roselle County of Union and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2016, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as 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, Signature Title Chief Municipal Finance Officer Address Municipal Building, Roselle New Jersey Phone# (908) Fax# (908) 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 ST A TEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet l

2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preearation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the post-closing trial balances, related statements and analysis included in the accompanying Annual Financial Statement from the books of account and records made available to me by the BOROUGH of ROSELLE as of December 31, 2016 and have applied certain agreed-upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended. Because the agreed-upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post-closing trial balances, related statements and analyses. In connection with the agreed-upon procedures, no matters came to my attention that caused me to believe that the Annual Financial Statement for the year ended 2016 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, 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: 1- General Ledgers were not maintained on a current basis. (RegistefedM\:nicipal Accountant) SUPLEE, CLOONEY & CO. (Firm Name) Certified by me: This 15th day of March, EAST BROAD STREET (Address) WESTFIELD, N.J (Address) (908) (Phone Number) (908) (Fax Number) Sheet la

3 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER GROUP #3 - INELIGIBLE One of the following certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination CERTIFICATION OF QUALIFYING MUNICIPALITY 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 fiscal year. 7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive years. 8. The municipality did not conduct a tax lien sale the previous fiscal year and does not plan to conduct one in the current year. 9. The current year budget does not contain a levy or appropriation "CAP" referendum. 10. The municipality will not apply for Transitional Aid for 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 Borough of Roselle Chief Financial Officer: Signature: N/A Certificate #: Date: CERTIFICATION OF NON - QUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet item(s) # of the criteria above and therefore does not qualify for local examination of its Budget in accordance with N.J.A.C. 5: Municipality Chief Financial Officer: Signature: Certificate #: Date: Sheet 1b

4 Fed I.D. # Borough of Roselle Municipality Union County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2016 (1) (2) (3) Federal programs State Other Federal Expended Programs Programs (administered by Expended Expended the state) TOTAL $ 532, $ 289, $ 135, Type of audit required by Federal Uniform Guidance and State of New Jersey OMB 15-08: Single Audit Program Specific Audit X Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book) None 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 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and State of New Jersey OMB The single audit threshold has been increased to $750, with the Fiscal Year beginning 01/01/15. Report expenditures from federal pass-through programs received directly from state government. (1) Report expenditures from federal pass-through programs received directly from state government. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant /contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (i.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state government. Signature of Chief Financial Officer Date Sheet 1c

5 IMPORTANT! READ INSTRUCTIONS NOT APPLICABLE 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 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 2016 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Name: Title: Registered Municipal Accountant (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, 2016 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2016 and filed with the County Board of Taxation on January 10, 2016 in accordance with the requirements of N.J.S.A. 54:4-35, was in the amount of $ SIGNATURE OF TAX ASSESSOR BOROUGH OF ROSELLE MUNICIPALITY UNION COUNTY Sheet 2

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 - Treasurer $6,730, Change Fund Petty Cash $6,731, State of New Jersey - Senior Citizens and Veterans Taxes Receivable 1,993, Taxes Title Liens 576, Revenue Accounts Receivable 32, Foreclosed Property 2,027, Interfunds: Animal Control Trust Fund Trust Other Fund 117, General Capital Fund 54, Federal And State Grant Fund 74, Miscellaneous Accounts Receivable Deferred Charges: Special Emergency 40A: , Emergency 40A:4-46 Overexpenditure of Appropriations Appropriation Reserves 2,070, Encumbrances Payable 295, Prepaid Taxes 251, Tax Overpayments 135, Due State of New Jersey 248, Reserve for: Tax Maps/Recodification of Ordinances 159, D.C.A. Fees Due State of New Jersey 7, Marriage Licenses Due State of New Jersey 2, Sale of Municipal Assets 95, (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 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 County Taxes Payable 8, School Taxes Prepaid $430, $3,392, C Reserve for Receivables 5,189, Fund Balance 3,381, $11,963, $11,963, (Do not crowd - add additional sheets) Sheet 3a

8 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, 2016 Title of Account Debit Credit Cash $6,980, Taxes Receivable Tax Title Liens Foreclosed Property Other Receivables State and Federal Grants Receivable Emergencies and Deferred Charges ,993, , ,027, , , , Total Assets $13,212, Cash Liabilities Reserve for Receivables Fund Balance $4,641, ,189, ,381, Total Liabilities, Reserves and Fund Balance $13,212, (Do not crowd - add additional sheets) Sheet 3b

9 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2016 Title of Account Debit Credit PUBLIC ASSISTANCE TRUST FUND #1 ` Cash - Treasurer $13, Reserve for Expenditures $13, $13, $13, (Do not crowd - add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4

10 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2016 Title of Account Debit Credit Cash Grants Receivable $249, , Due Current Fund $74, Due General Capital Fund Grants Appropriated 347, , Encumbrances 13, Grants Unappropriated $1,249, $1,249, (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, 2016 Title of Account Debit Credit ANIMAL CONTROL TRUST FUND Cash $7, Due Current Fund Due State of New Jersey $61.20 Reserve for Expenditures 7, $7, $7, TRUST OTHER FUND Cash $4,247, Community Development Block Grant Receivable 65, Due Current Fund 117, Due State of NJ $94.00 Due General Capital Fund 79, Reserve For: CDBG 36, Miscellaneous Reserves 4,315, $4,430, $4,430, (Do not crowd - add additional sheets) Sheet 6

12 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) NOT APPLICABLE AS AT DECEMBER 31, 2016 Title of Account Debit Credit (Do not crowd - add additional sheets) Sheet 6a

13 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1997, C. 256 Municipal Public Defender Expended Prior Year 2015:... (1) $ 35, x 25% (2) $ 8, Municipal Public Defender Trust Cash Balance December 31, 2016:... (3) $ 45, Note: If the 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 service of a municipal public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation Board. (P.O. Box 084, Trenton, N.J ) Amount in excess of the amount expended: 3 - (1 + 2) =... $ 1, The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C.256. Chief Financial Officer: Signature: Certificate #: Date: Sheet 6b

14 Schedule of Trust Fund Deposits and Reserves Purpose Amount Receipts Expended Balance December 31, as at 2015 per December 31, Audit Report Tax Sale Premiums and Redemptions $ 2,170, $ 2,081, $ 1,632, $ 2,619, Public Defender 36, , , , State Unemployment Insurance 6, , , Special Law Enforcement 59, , , , Miscellaneous 36, , , , Recycling 33, , Centennial Celebration P.O.A.A. 20, , , , Recreation 49, , , , Marriage License Fees Police Dept. Donations 5, , Roselle Golf Course-Developer 594, , , Book Bag Drive , Scholarship Grant/Bus Reimbursement Community Policing Unit 18, , , , st Century Gala 1, , Police Outside Employment 97, , , , Holiday Decorations Snow Removal 9, , , Payroll Deduction 376, ,634, ,840, , Fire Prevention 2, , Escrow Deposits 463, , , , Fees and Permits Accumulated Absence 25, , Totals: $ 3,983, $ 12,835, $ 12,503, $ 4,315, Sheet 6c

15 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Not Applicable Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Balance and Investments are Pledged Dec. 31, 2015 and Liens Budget Transfer Disbursements Dec. 31, 2016 Assessment Serial Bond Issues: x x x x x x x x Assessment Bond Anticipation Note Issues: x x x x x x x x Other Liabilities Trust Surplus *Less Assets "Unfinanced" x x x x x x x x Cash Deficit Totals *Show as red figure Sheet 7

16 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2016 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized Bonds and Notes Authorized but Not Issued $2,173, x x $2,173, Cash 3,489, Deferred Charges: Funded 10,999, Unfunded 25,875, Deferred Charge-Overexpenditure 20, Grants Accounts Receivable 2,279, Due Current Fund 54, Due CDBG Trust Fund 79, Due Grant Fund 347, Bond Anticipation Note 24,422, Serial Bonds 9,677, Green Acres Loans Payable 73, EIT Loans Payable 1,248, Capital Improvement Fund 72, Contracts Payable 504, Reserve for Grants Receivable 351, Reserve for Basketball Court Improvements 42, Reserve to Pay Debt 24, Improvement Authorizations: Funded 427, Unfunded 5,696, Fund Balance 494, $45,264, $45,264, Analysis of Estimated Proceeds Deferred Unfunded $25,875, Less: Bond Anticipation Note (24,422,877.00) Add: Cash on Hand 721, $2,173, (Do not crowd - add additional sheets) Sheet 8

17 CASH RECONCILIATION DECEMBER 31, 2016 Cash Less Checks Cash Book *On Hand On Deposit Outstanding Balance Current $ $8,994, $2,263, $6,730, Trust - Animal Control 7, , Trust - Other $4,371, , ,247, Capital - General 3,885, , ,489, Low Income Housing - Operating Low Income Housing - Capital Public Assistance** I 13, , Public Assistance II Federal State Grant Fund 249, , *Includes Deposits in Transit Total $ $17,522, $2,784, $14,738, **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, 9(a) & 9(b) 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 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 h (CHIEF FINANCl7FICER) depending on who prepared this Annual Financial Statement as certified to on Sheet I or l(a)..,r..._ "f;tl" R"'""'' Munk;pol A«oUol nl Sheet 9

18 CASH RECONCILIATION DECEMBER 31, 2016 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" TD Bank AC# $8,207, , , , , ,632, , , , ,944, , , , , T 14, , , $17,522, Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a

19 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2016 Grant Balance Budget Received Unappropriated Canceled Balance Jan. 1, 2016 Revenue Applied Dec. 31, 2016 Realized Alcohol Education Rehabilitation Fund $ $ Alcohol Education Rehabilitation Fund - 16 $1, $1, Body Armor Replacement Fund , , (0.00) Brownfields Assessment 115, , Bulletproof Vest Partnership Grant 19, , , Clean Communities , , $ County of Union Homeland Security Edward Byrnes Memorial Justice 45, , Green Communities Grant 2, , Greening Union County Grant 9, , Hazard Mitigation Grant Program 75, , Municipal Alliance Grant 18, , , , Greening Grant 4, , Municipal Stormwater Storm. 10, , Recycling Tonnage Grant 44, , SAMSHA 125, , Summer Food Program - '16 48, , , Summer Food Program - '15 6, , Sheet 10

20 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2016 Grant Balance Budget Received Unappropriated Canceled Balance Jan. 1, 2016 Revenue Applied Dec. 31, 2016 Realized Operation Safe Streets 4, $4, ROID 15, , , , Safe Routes to Schools 4, , WIA Youth Funding 135, , $25, Healthy Neighborhoods 2, , Workforce Investment Youth Program Out of School Youth 18, , Safe and Secure Communities 60, , Safe and Secure Communities 60, , WIA Youth Program 21, , WIA National Emergency Grant 80, , WIA Youth Works Program 37, , Workforce Investment Youth Program In School Youth 25, , NJ DOT Central Business Midtown Grant 500, , NJ DOT SRTS Pedestrian Walkway Grant 91, , Heart Grant 1, , NJ Division of Highway Safety Grant 4, , Drive Sober Get Pulled Over 4, , , , Click It or Ticket 4, , , Sheet 10a

21 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2016 Grant Balance Budget Received Unappropriated Canceled Balance Jan. 1, 2016 Revenue Applied Dec. 31, 2016 Realized Over the Limit Under Arrest 2, , Drunk Driving Enforcement Fund 25, , Union County Means Grant 1, Totals $1,338, $382, $370, $44, $305, $999, Sheet 10b

22 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2016 Grant Balance Budget Appropriations Prior Year Expended Refunded Canceled Balance Jan. 1, 2016 Budget Appropriation Encumbrances Dec. 31, 2016 By 40A:4-87 Summer Food Program $48, $45, $2, Alcohol Education Rehabilitation Fund 7, , , , Summer Food Program 2, (3,298.00) 6, Drive Sober Get Pulled Over 15, , , , , Municipal Alliance 15, , , , Municipal Alliance-Match 4, , , , UEZ Roselle First 10, , Safe and Secure Communities 60, , Workforce Investment Youth Program Out of School Youth 24, , UEZ Administration Grant-13 22, , UEZ Façade Improvement Program 158, , , UEZ Façade Improvement Grant 100, , Workforce Investment Youth Program In School Youth 15, , Union County Recycling Enhancement 4, , Workforce Investment Youth Program In School Youth , , , Healthy Neighborhoods NJ Division of Highway Safety Grant 4, , Sheet 11

23 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Transferred from 2016 Grant Balance Budget Appropriations Prior Year Expended Refund Canceled Balance Jan. 1, 2016 Budget Appropriation Encumbrances Dec. 31, 2016 By 40A:4-87 Safe and Secure Communities 60, , WIA National Emergency Grant 37, , Over the Limit Under Arrest 5, , , Edward Byrnes Memorial Justice Development of Elderly Programs Grant WIA Youth Program out of School , , Click It or Ticket , , (4,110.63) Drunk Driving Enforcement Fund 39, , Union County KIDS Recreation 4, , Heart Grant 1, , Stormwater Regulation Program 10, , Operation Safe Streets 4, , Bulletproof Vest Partnership Grant 3, , NJ Neighborhood Stabilization Grant 7, , Clean Communities Grant 35, , , , Safe Routes to Schools Body Armor Replacement Fund 27, , , , Brownfields 10, , Sheet 11a

24 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Transferred from 2016 Grant Balance Budget Appropriations Prior Year Expended Raised Canceled Balance Jan. 1, 2016 Budget Appropriation Encumbrances in Budget Dec. 31, 2016 By 40A:4-87 Hazard Mitigation Grant Program 75, , Recycling Tonnage Grant 52, , , $57, Recycling Tonnage Grant 5, , ROID 15, , ROID 15, , , NJ DOT Central Business Midtown Grant 136, , NJ DOT SRTS Pedestrian Walkway Grant 76, , Greening Grant 4, , SAMSHA 125, , Union County Means Grant 1, Totals 1,068, , , , (7,408.63) 118, , Sheet 11b

25 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2016 Grant Balance Budget Appropriations Received Applied to Balance Jan. 1, 2016 Budget Appropriation Receivable Cancelled Dec. 31, 2016 By 40A:4-87 CLEAN COMMUNITIES PROGRAM $1.26 $1.26 RECYCLING TONNAGE GRANT 44, $44, Click it or Ticket $ $ Totals $44, $ $44, $1.26 $ Sheet 12

26 LOCAL DISTRICT SCHOOL TAX * Debit Credit Balance January 1, 2016 x School Tax Prepaid # x $246, School Tax Deferred (Not in excess of 50% of Levy ) x Levy School Year July 1, June 30, 2016 x Levy Calendar Year 2016 x 23,673, Paid $24,349, Balance December 31, 2016 x School Tax Prepaid School Tax Deferred (Not in excess of 50% of Levy ) * Not including Type I school debt service, emergency authorizations - schools, transfer to Board of Education for use of local schools. # Must include unpaid requisitions. (430,151.00) $23,919, $23,919, MUNICIPAL OPEN SPACE TAX Not Applicable Debit Credit Balance January 1, x 2016 Levy x Interest Earned Expended Balance December 31, Sheet 13

27 Not Applicable REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, June 30, 2016 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. REGIONAL HIGH SCHOOL TAX Not Applicable Debit Credit Balance January 1, 2016 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, June 30, 2016 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

28 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2016 County Taxes Due County for Added and Omitted Taxes $5, Levy: General County ,978, County Library County Health County Open Space Preservation 201, Due County for Added and Omitted Taxes , Paid $7,185, Balance December 31, 2016 County Taxes Due County for Added and Omitted Taxes 8, $7,193, $7,193, NOT APPLICABLE SPECIAL DISTRICT TAXES Debit Credit Balance January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage Special Improvement District Total 2016 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance. Sheet 15

29 STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Not Applicable 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 Not Applicable 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. 40:54-35) Not Applicable Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, Not Applicable RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, Sheet 16

30 STATEMENT OF GENERAL BUDGET REVENUES 2016 Source Excess or Budget Realized (Deficit) Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government $1,500, $1,500, Miscellaneous Revenue Anticipated Adopted Budget 5,137, ,863, $725, Added by N.J. S. 40A:4-87: (List on 17a) 319, , Total Miscellaneous Revenue Anticipated ,456, ,182, , Receipts from Delinquent Taxes ,443, ,304, (138,581.24) Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,177, (b) Addition to Local District School Tax (c) Minimum Library Tax 443, Total Amount to be Raised by Taxation ,621, ,265, , ,021, ,253, ,231, ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) $60,325, Amount to be Raised by Taxation Local District School Tax $23,673, Regional School Tax Regional High School Tax County Taxes ,179, Due County for Added and Omitted Taxes , Special District Taxes Municipal Open Space Tax Reserve for Uncollected Taxes ,801, Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) ,265, * Excess Non-Budget Revenue (see footnote) * Deficit Non-Budget Revenue (see footnote) * These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only. $63,126, $63,126, Sheet 17

31 STATEMENT OF GENERAL BUDGET REVENUES 2016 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87 Source Budget Realized Excess or Deficit SAMSHA $125, $125, Summer Food Program 48, , Click It or Ticket 5, , Bulletproof Vest Partnership 3, , ROID 15, , Alcohol Education Rehabilitation Fund 1, , Body Armor Replacement Fund 5, , Greening Grant 4, , Clean Communities 40, , Drive Sober Get Pulled Over 10, , Safe and Secure Communities 60, , Green Garden Program 1, , Total To Sheet 17 $319, $319, I 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:4-87 and matching funds have been provided if applicable. CFO Signature Sheet 17a

32 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted $40,702, Budget - Added by N.J.S. 40A: , Appropriated for 2016 (Budget Statement Item 9) ,021, Appropriated for 2016 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,021, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,021, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] $36,117, Paid or Charged - Reserve for Uncollected Taxes ,801, Reserved ,070, Total Expenditures ,989, Unexpended Balances Canceled (see footnote) $32, 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 NOT APPLICABLE (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2016 Authorizations N.J.S. 40A:4-46 (After adoption of Budget) N.J.S. 40A:4-20 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

33 RESULTS OF 2016 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated $725, 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 Unexpended Balances of 2015 Approp. Reserves ,624, Prior Years Interfunds Returned in Grants Canceled Tax Overpayments Canceled 94, 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 , Grants Receivable Canceled 187, Refund of Prior Year Revenue 337, Prepaid School Tax 430, Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) ,474, $3,692, $3,692, Sheet 19

34 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Insurance Refund $17, Tax Collector 7, Prior Year Void Checks 37, Senior Citizens and Veterans Due State - Administrative Fee 2, Miscellaneous 25, FEMA 76, Police 54, Restitution 6, Rose Homes 60, Reimbursement of Prior Year Costs 206, DPW 78, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $571, Sheet 20

35 SURPLUS - CURRENT FUND YEAR 2016 Debit Credit 1. Balance January 1, 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 Government Services Balance December 31, $1,500, ,381, $4,881, $2,407, ,474, $4,881, ANALYSIS OF BALANCE DECEMBER 31, 2016 (FROM CURRENT FUND - TRIAL BALANCE) Cash $6,731, Investments Sub-Total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus ,731, ,392, ,338, 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 # State Aid Receivable Miscellaneous Accounts Receivable Total Other Assets * IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2016 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. 43, $3,381, NOTE: Deferred charges for authorizations under N.J.S. 40A: 4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S. 40A: (Roads and Bridges, etc.), and N.J.S. 40A: (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21

36 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis)# $ 62,474, or (Abstract of Ratables) $ 2. Amount of Levy Special District Taxes $ 3. Amount Levied for Omitted Taxes under N.J.S.A. 54: et seq $ 4. Amount Levied for Added Taxes under $ 183, N.J.S.A. 54: et seq. 5a. Subtotal 2016 Levy $ 62,658, b. Reductions due to tax appeals** $ 5c. Total 2016 Levy $ 62,658, Transferred to Tax Title Liens $ 82, Transferred to Foreclosed Property $ 8. Remitted, Abated or Canceled $ 266, Discount Allowed $ 10. Collected in Cash: In $ 182, In 2016 * $ 59,115, State's Share of 2015 Senior Citizens and Veteran's Deductions Allowed $ 108, Homestead Rebate Credit $ 919, Total to Line $ 60,325, Total Credits $ 60,674, Amount Outstanding December 31, $ 1,983, Percentage of Cash Collections to Total 2016 Levy, (Item 10 divided by Item 5) is 96.27% 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 $ 60,325, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ To Current Taxes Realized in Cash (Sheet 17) $ 60,325, 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, / $1,500,000.00, or Then 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 RS 54:48-1 et seq approved by resolution governing body prior to introduction of municipal budget. Sheet 22

37 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 Not Applicable (1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22)... $ LESS: Proceeds from Accelerated Tax Sale... $ NET Cash Collected... $ Line 5c (sheet 22) Total 2015 Tax Levy... $ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... (2) Utilizing Accelerated Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22)... $ LESS: Proceeds from Accelerated Tax Levy Sale... NET Cash Collected... $ Line 5c (sheet 22) Total 2016 Tax Levy... $ Percentage of Collection Excluding Accelerated Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is... Sheet 22a

38 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2016 x x Due From State of New Jersey $3, x Due To State of New Jersey x 2. Sr. Citizens Deductions Per Tax Billings 34, x 3. Veterans Deductions Per Tax Billings 73, x 4. Sr.Citizens Deductions Allowed By Tax Collector x Sr. Citizens Deductions Disallowed By Tax Collector 8. Sr. Citizens Deductions Disallowed By Tax Collector 2015 Taxes x x 9, Received in Cash from State x 101, Balance December 31, 2016 x x Due From State of New Jersey x Due To State of New Jersey x $111, $111, Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 $34, Line 3 73, Line Sub-Total 108, Less: Line 7 To Item 10, Sheet 22 $108, Sheet 23

39 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING - N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27) NOT APPLICABLE Debit Credit Balance January 1, 2016 x Taxes Pending Appeals x x Interest Earned on Taxes Pending Appeals Contested Amount of 2016 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) x x x Interest Earned on Taxes Pending State Appeals x 2016 Budget Appropriation Cash Paid to Appellants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, Including Interest) x x Balance December 31, 2016 x Taxes Pending Appeals * x x Interest Earned on Taxes Pending Appeals x x * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, Signature of Tax Collector License # Date Sheet 24

40 COMPUTATION OF APPROPRIATIONS: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2016 MUNICIPAL BUDGET 1. Total General Appropriations for 2016 Municipal Budget Statement item 8 (L) (Exclusive of Reserve for Uncollected Taxes) Local District School Tax - Actual School Budget Estimate ** YEAR YEAR $23,673, Actual 3. Vocational School Tax - Estimate * Actual 4. Regional School District Tax - Estimate * 5. Regional High School Tax - Actual School Budget Estimate * Actual County Tax Estimate * ,179, Actual Special District/ Open Space Taxes Estimate * Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2017 in Municipal Budget (Item 5) Cash Required from 2017 Taxes to Support Local Municipal Budget and Other Taxes Amount of Item 10 Divided by % ( ) Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) Analysis of Item 11: Local District School Tax * May not be stated in an amount less than (Amount Shown on Line 2 Above) "actual" Tax of Vocational School Tax (Amount Shown on Line 3 Above) ** Must be stated in the amount of the Regional School District Tax proposed budget submitted by the Local (Amount Shown on Line 4 Above) Board of Education to the Commissioner Regional High School Tax of Education on January 15, 2016 (Chap. (Amount Shown on Line 5 Above) 136, P.L. 1978). Consideration must be County Tax given to calendar year calculation. (Amount Shown on Line 6 Above) Special District Tax (Amount Shown on Line 7 Above) Tax in Local Municipal Budget Item 12 - Appropriation: Reserve for Uncollected Taxes Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Note: Computation of "Tax in Local Municipal Budget" The amount of Item 1 - Total General Appropriations anticipated revenues (Item 9) Sub-Total and 12. Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget may never exceed the total of Items 1 Sheet 25

41 ACCELERATED TAX SALE - CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation Not Applicable 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: Amount Realized in Prior Year for Receipts from Delinquent Taxes* (sheet 26, Item 10) $ * NOTE: If accelerated tax sale was conducted in 2015, utilize proceeds from the December accelerated tax sale instead of entire amount realized for Receipts from Delinquent Taxes. C. Times: % of increase of Amount to be Raised by Taxes over Prior Year % ( (2016 Estimated Total Levy 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) 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

42 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance, January 1, 2016 $2,805, A. Taxes $2,315, 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: 3, A. Taxes-Transfers to Tax Title Liens (1) B. Tax Title Liens-Transfers from Taxes (1) 7. Balance Before Cash Payments 8. Totals 9. Balance Brought Down 10. Collected: 2,809, ,809, ,809, ,809, ,304, A. Taxes ,304, B. Tax Title Liens Interest and Costs Tax Sale Taxes Transferred to Liens Taxes Balance December 31, , ,983, ,570, A. Taxes ,993, B. Tax Title Liens , Totals $4,875, $4,875, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 82.04% 17. Item No. 14 multiplied by percentage shown above is $2,108, 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

43 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance, January 1, $2,027, 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, $2,027, $2,027, Not Applicable CONTRACT SALES Debit Credit 15. Balance January 1, Sales from Foreclosed Property Collected * Balance December 31, Not Applicable 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 Realized in 2016 Budget To Results of Operations (Sheet 19) Sheet 27

44 DEFERRED CHARGES - MANDATORY CHARGES ONLY - CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, N.J.S. 40A: or N.J.S. 40A: listed on Sheets 29 and 30.) Amount Amount Caused By Dec. 31, 2015 Amount in Resulting Balance per Audit 2016 from as at Report Budget 2016 Dec. 31, Emergency Authorizations - Municipal* $ $ $ $ 2. Emergency Authorizations - Schools $ $ $ $ 3. Overxpenditure of Appropriations $ 19, $ 19, $ $ Overxpenditure of Capital 4. Improvement Authorizations $ $ $ 20, $ 20, $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ 8. $ $ $ $ 9. $ $ $ $ 10. $ $ $ $ *Do not include items funded or refunded as listed below. Not Applicable EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51 Date Purpose Amount 1. $ 2. $ 3. $ 4. $ 5. $ Not Applicable JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated For In Budget In Favor of On Account of Date Entered Amount of $ $ 2. $ $ 3. $ $ Sheet 28

45 N.J.S. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES. ETC. FOR SANITARY SEWER SYSTEM; MUNICI- PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Date Purpose Amount Not Less Than Balance REDUCED IN 2016 Balance Authorized 1/5 of Amount Dec. 31, 2015 By 2016 Cash Dec. 31, 2016 Authorized* Budget Receipts 7/16/14 Hurricane Sandy $175, $89, $86, /21/11 Tax Map and Recodification of Ordinances 85, , , Totals $260, $131, $86, $42, It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing in full compliance with N.J.S. 40A: 4-53 et seq. and are recorded on this page. Chief Financial Officer * Not less than one-fifth (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 2016 budget. Sheet 29