ANNUAL FINANCIAL STATEMENT INFORMATION SHEET TYPE OF MUNICIPALITY RMA'S # 0. Budget Year AFS Year Prior Year

Transcription

1 ANNUAL FINANCIAL STATEMENT INFORMATION SHEET NAME OF MUNICIPALITY TYPE OF MUNICIPALITY COUNTY LOCATION CFO'S NAME RMA'S NAME Folsom Borough Atlantic Dawn M. Stollenwerk Harvey Cocozza RMA'S # 0 Budget Year AFS Year Prior Year

2 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018 (UNAUDITED) POPULATION LAST CENSUS 2,181 NET VALUATION TAXABLE ,454,600 MUNICODE 110 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2019 MUNICIPALITIES FEBRUARY 10, 2019 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 Folsom, County of Atlantic 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 is complete, was computed by me and can be supported upon demand by a register or other detailed analysis. Signature Title CFO (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 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, Dawn M. Stollenwerk, am the Chief Financial Officer, License # N0470, of the Borough of Folsom, County of Atlantic 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, 2018, completely in compliance with N.J.S. 40A:512, 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 FINANCIAL OFFICER Address th Street Folsom NJ Phone Number (609) Fax Number (609) dstollenwerk@folsomborough.com IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet 1

3 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND AS AT DECEMBER 31, 2018 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit CASH & INVESTMENTS 594, DUE FROM STATE OF NEW JERSEY SENIOR CITIZENS & VETERAN DEDUCTIONS 1, TAXES RECEIVABLES: PRIOR CURRENT 106, SUBTOTAL TAXES RECEIVABLE 106, TAX TITLE LIENS RECEIVABLE 20, FORECLOSED PROPERTY 561, PROPERTY DEEDED 309, PREPAID SCHOOL TAX INTERFUNDS: DUE FROM GRANT FUND DEFERRED CHARGES: EMERGENCY AUTHORIZATIONS SPECIAL EMERGENCY TAX MAPS 30, SPECIAL EMERGENCY REVALUATION 64, OVEREXPENDITURE OF APPRORIATIONS DEFERRED SCHOOL TAXES LOCAL SCHOOL 871, Page Subtotal 2,559, (Do not crowd add additional sheets) Sheet 3

4 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2018 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit APPROPRIATION RESERVES 94, PREPAID TAXES 39, TAX OVERPAYMENTS 2, ACCOUNTS PAYABLE 0.00 DUE TO STATE OF NEW JERSEY VETERANS AND SENIOR CITIZENS 0.00 LOCAL SCHOOL TAX PAYABLE 64, DUE COUNTY ADDED AND OMITTED 0.00 INTERFUNDS DUE TO GRANT FUND 7, DUE TO TRUST FUND DUE TO CAPITAL FUND OTHER LIABILITIES: SPECIAL EMERGENCY NOTE PAYABLE ENCUMBRANCES PAYABLE 27, MARRIAGE LICENSE PAYABLE 0.00 RESERVES: 0.00 JIF SAFETY MONEY 1, TAX MAP UPDATE 2, REVALUATION 11, LANDSALE DEPOSITS 0.00 Cash Liabilities 251, "C" RESERVE FOR RECEIVABLES 997, DEFERRED SCHOOL TAX PAYABLE 871, FUND BALANCE 438, (Do not crowd add additional sheets) Sheet 3a 2,559, ,559,458.69

5 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE SUMMARY CURRENT FUND AND STATE FEDERAL GRANTS AS AT DECEMBER 31, 2018 Title of Account Debit Credit Cash ,840 Taxes Receivable ,109 Tax Title Liens ,795 Foreclosed Property ,800 Other Receivables ,752 State and Federal Grants Receivable ,854 Emergencies and Deferred Charges Special Emergencies 94,000 Deferred School Taxes 871,162 Total Assets ,869,312 Cash Liabilities ,105 Reserve for Receivables ,315,442 Fund Balance ,603 Deferred School Tax Payable 871,162 Total Liabilities, Reserves and Fund Balance ,869,312 Sheet 3b

6 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2018 Title of Account Debit Credit CASH GRANTS RECEIVABLE 309, INTERFUNDS: DUE FROM CURRENT FUND 7, DUE TO TRUST FUND APPROPRIATED RESERVES 317, UNAPPROPRIATED RESERVES CASH LIABILITIES: CONTRACTS PAYABLE RESERVE FOR ENCUMBRANCES (Do not crowd add additional sheets) Sheet 5 317, ,637.86

7 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2018 Title of Account Debit Credit DOG LICENSE TRUST FUND: CASH DUE TO STATE OF N.J. FEES DUE TO CURRENT FUND RESERVE FOR DOG FUND EXPENDITURES TOTALS DOG TRUST OTHER TRUSTS : CASH & INVESTMENTS 136, INTERFUNDS: DUE TO/FROM CURRENT SMALL CITIES LOANS RECEIVABLE 119, MISCELLANEOUS TRUST RESERVES 256, LOSAP: CASH & INVESTMENTS 58, RESERVE FOR LOSAP 58, Totals 314, , (Do not crowd add additional sheets) Sheet 6

8 Schedule of Trust Fund Reserves Amount Dec. 31, 2017 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, DOG LICENSE $ , (1,438.78) $ UNEMPLOYMENT TRUST 26, , SMALL CITIES REHAB 187, , ESCROW 59, , (50,460.50) 38, TTL ACCOUNT 1, , (33,086.80) PAYROLL (198.36) 356, (355,813.65) COMMUNITY GARDEN RESERVE FOR SNOW 2, , LOSAP 59, (1,589.65) 58, Totals: $ 334, $ 422, $ (442,389.38) $ 314, Sheet 6b

9 Sheet 7 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS RECEIPTS Title of Liability to which Cash Audit and Investments are Pledged Balance Balance Dec. 31, 2017 Assessments Current Disbursements Dec. 31, 2018 and Liens Budget Assessment Serial Bond Issues: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Assessment Bond Anticipation Note Issues: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Other Liabilities Trust Surplus * Less Assets "Unfinanced" XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX * Show as red figure

10 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2018 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized XXXXXXXX Bonds and Notes Authorized but Not Issued XXXXXXXX CASH & INVESTMENTS 102, DEFERRED CHARGES TO FUTURE TAXATION: FUNDED 225, UNFUNDED 124, DUE FROM/TO CURRENT FUND CONTRACTS PAYABLE GENERAL CAPTIAL BONDS 225, BOND ANTICIPATION NOTES IMPROVEMENT AUTHORIZATIONS: FUNDED 100, UNFUNDED RESERVE FOR PRELIMINARY EXPENSE DOWN PAYMENT ON IMPROVEMENTS CAPITAL IMPROVEMENT FUND 70, FUND BALANCE 57, (Do not crowd add additional sheets) Sheet 8 452, ,761.70

11 CASH RECONCILIATION DECEMBER 31, 2018 Cash Less Checks Cash Book *On Hand On Deposit Outstanding Balance CURRENT 17, , , , TRUST ASSESSMENT 0.00 TRUST DOG LICENSE TRUST OTHER , , , CAPITAL GENERAL , , Total 17, , , , *Include Deposits In Transit **Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account. REQUIRED CERTIFICATION I hereby certify that all 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 reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title: CF0 NO470 Sheet 9

12 CASH RECONCILIATION DECEMBER 31, 2018 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" BB&T Current , Capital , Dog Payroll , TTL Redemption Trust Escrow , Small Cities Housing Rehabilitation , Unemployment Trust , TOTAL 869, 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

13 Shee MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2018 Balance Grant Jan. 1, 2018 Budget Received Canceled Dec. 31, 2018 Revenue Realized Recyling Tonnage Grant 3, , Alcohol Education Rehabilitation Grant Municipal Alliance Grant , , , Municipal Alliance Grant , , , CDBG Home Investment Partnership 24, , , , Clean Communiities 6, , Sustainable Grant 2, , NJDOT Grant , , NJDOT Grant , , Totals 220, , , , ,853.63

14 Shee SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2018 Balance Budget Appropriations Balance Grant January 1, 2018 Canceled Expended Encumb Encumb Dec. 31, 2018 Budget Appropriation Canceled By 40A:487 Recycling Tonnage Grant 16, , , , Municipal Alliance , , , Municipal Alliance , , , CDBGHome Investment Partnership 24, , , , Clean Communities 6, , , Sustainable Grant 2, , NJDOT , , NJDOT , , Subtotals 61, , , , , ,637.86

15 Sheet 12 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2018 Balance Budget Appropriations Balance Grant January 1, 2018 Received Cancelled Dec. 31, 2018 Budget Appropriation By 40A:487 Recycling Tonnage Grant 3, , (366.30) Totals 3, , (366.30)

16 *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2018 XXXXXXXX XXXXXXXX School Tax Payable # XXXXXXXX 62, School Tax Deferred (Not in excess of 50% of Levy ) XXXXXXXX 871,162 Levy School Year July 1, 2018 June 30, 2019 XXXXXXXX 1,871, Levy Calendar Year 2018 XXXXXXXX 0.00 Paid 1,869, XXXXXXXX Balance December 31, 2018 XXXXXXXX XXXXXXXX School Tax Payable # , XXXXXXXX School Tax Deferred (Not in excess of 50% of Levy ) , XXXXXXXX * Not including Type 1 school debt service, emergency authorizationsschool, transfer to Board of Education for use of local schools. 2,805, ,805, # Must include unpaid requisitions MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, XXXXXXXX 2018 Levy XXXXXXXX Interest Earned XXXXXXXX Expenditures XXXXXXXX Balance December 31, XXXXXXXX 0 0 Sheet 13

17 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2018 XXXXXXXX XXXXXXXX County Taxes XXXXXXXX 0.00 Due County for Added and Omitted Taxes XXXXXXXX 1, Levy: XXXXXXXX XXXXXXXX General County XXXXXXXX 841, County Library XXXXXXXX 56, County Health XXXXXXXX 36, County Open Space Preservation XXXXXXXX 2, Due County for Added and Omitted Taxes XXXXXXXX 2, Paid 940, XXXXXXXX Balance December 31, 2018 XXXXXXXX XXXXXXXX County Taxes XXXXXXXX Due County for Added and Omitted Taxes 0.00 XXXXXXXX 940, , SPECIAL DISTRICT TAXES Debit Credit Balance January 1, XXXXXXXX 2018 Levy: (List Each Type of District Tax Separately see Footnote) XXXXXXXX XXXXXXXX Fire XXXXXXXX XXXXXXXX Sewer XXXXXXXX XXXXXXXX Water XXXXXXXX XXXXXXXX Garbage XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX Total 2018 Levy XXXXXXXX 0 Paid XXXXXXXX Balance December 31, XXXXXXXX 0 0 Footnote: Please state the number of districts in each instance. Sheet 15

18 STATEMENT OF GENERAL BUDGET REVENUES 2018 Source Budget Realized Excess or (Deficit) 03 Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: XXXXXXXX XXXXXXXX XXXXXXXX Adopted Budget 516, , , Added by N.J.S. 40A:487 (List on 17a) XXXXXXXX XXXXXXXX XXXXXXXX 23, , Total Miscellaneous Revenue Anticipated , , , Receipts from Delinquent Taxes , , , Amount to be Raised by Taxation: XXXXXXXX XXXXXXXX XXXXXXXX (a) Local Tax for Municipal Purposes , XXXXXXXX XXXXXXXX (b) Addition to Local District School Tax XXXXXXXX XXXXXXXX (c) Mnimum Library Tax 0.00 Total Amount to be Raised by Taxation , , , ,682, ,752, , ALLOCATION OF CURRENT TAX COLLECTION Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) XXXXXXXX 3,363, Amount to be Raised by Taxation XXXXXXXX XXXXXXXX Local District School Tax ,871, XXXXXXXX Regional School Tax XXXXXXXX Regional High School Tax XXXXXXXX County Taxes , XXXXXXXX Due County for Added and Omitted Taxes , XXXXXXXX Special District Taxes XXXXXXXX Municipal Open Space Tax XXXXXXXX Reserve for Uncollected Taxes XXXXXXXX 177, Deficit in Required Collection of Current Taxes (or) XXXXXXXX 0.0 Balance for Support of Municipal Budget (or) ,913.5 XXXXXXXX *Excess NonBudget Revenue (see footnote) XXXXXXXX *Deficit NonBudget Revenue (see footnote) XXXXXXXX *These items are applicable only when there is no "Amount to be Raised by Taxation" in the 3,540, ,540, "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

19 STATEMENT OF GENERAL BUDGET REVENUES 2018 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:487 Source Budget Realized Excess or Deficit Clean Communities 6, , Sustainable NJ Grant 2, , CDBG 15, , Total (Sheet 17) 23, , I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notication of the award of public or private revenue. These insertion meet the statutory requirements of N.J.S.A. 40A:487 and matching funds have been provided if applicable. CFO Signature Sheet 17a

20 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,659, Budget Added by N.J.S. 40A: , Appropriated for 2018 (Budget Statement Item 9) ,682, Appropriated for 2018 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,682, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,682, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] ,410, Paid or Charged Reserve for Uncollected Taxes , Reserved , Total Expenditures ,682, 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) 2018 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

21 RESULTS OF 2018 OPERATION CURRENT FUND Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated Delinquent Tax Collections , Required Collection of Current Taxes , Unexpended Balances of 2018 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 2017 Appropriation Reserves , Prior Years Interfunds Returned in , Prior Year Vets & Senior Citizen Deduction Cancel Revaluation Reserve Balances Cancel Grant Balances 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 Year Vets & Senior Citizen Deduction Refund Prior Year Revenue 0.00 Prior Year Payroll Liability Adjustment 0.00 Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) , ,227, ,227, Sheet 19

22 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Misc Licenses 2, Fees & Permits 8, Administrative Operations Cable Franchise Fee 11, Miscellaneous Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 23, Sheet 20

23 SURPLUS CURRENT FUND YEAR 2018 Debit Credit 1. Balance January 1, , Excess Resulting from 2018 Operations , Amount Appropriated in the 2018 Budget Cash , Amount Appropriated in 2018 Budget with Prior Written Consent of Director of Local Government Services Balance December 31, , , , ANALYSIS OF BALANCE DECEMBER 31, 2018 (FROM CURRENT FUND TRIAL BALANCE) Cash , Investments Sub Total 594, Deduct Cash Liabilities Marked with "C" on Trial Balance , Cash Surplus , Deficit in Cash Surplus ( ) Other Assets Pledged to Surplus: * (1) Due from State of NJ Senior Citizens and Veterans Deduction , Deferred Charges # , Cash Deficit # 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 NONCASH SURPLUS IN 2019 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

24 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2018 LEVY 1. Amount of Levy as per Duplicate (Analysis) # $ 3,474, or (Abstract of Ratables) $ 2. Amount of Levy Special District Taxes $ 3. Amount Levied for Omitted Taxes under 9, N.J.S.A. 54:6312 et seq $ Amount Levied for Added Taxes under N.J.S.A. 54:631 et seq $ a. Subtotal 2018 Levy $ 3,483, b. Reductions due to tax appeals** $ 5c. Total 2018 Tax Levy $ 3,483, Transferred to Tax Title Liens $ 3, Transferred to Foreclosed Property $ Remitted, Abated or Canceled $ 10, Discount Allowed $ 10. Collected in Cash: In 2017 * $ 67, In 2018 * $ 3,275, R.E.A.P. Revenue $ State's Share of 2018 Senior Citizens and Veterans Deductions Allowed $ 20, Total to Line $ 3,363, Total Credits $ 3,377, Amounts Outstanding December 31, $ 106, Percentage of Cash Collections to Total 2018 Levy, (Item 10 divided by Item 5c) is % 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 $ 3,363, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ 0.00 To Current Taxes Realized in Cash (Sheet 17) $ 3,363, Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500, and Item 10 shows $1,049,977.50, the percentage represented by the cash collections would be $1,049, divided by $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 2018 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

25 ACCELERATED TAX SALE / TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2018 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L (1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in cash (Sheet 22) $ LESS: Proceeds from Accelerated Tax Sale..... Net Cash Collected. $ Line 5c (Sheet 22) Total 2018 Tax Levy.. $ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by item 5c) is. (2) Utilizing Tax Levy Sale Total of Line 10 Collected in cash (Sheet 22) $ LESS: Proceeds from Tax Levy Sale (excluding premium) Net Cash Collected. $ Line 5c (Sheet 22) Total 2018 Tax Levy.. $ Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by item 5c) is. Sheet 22a

26 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2018 Due From State of New Jersey 1, Due To State of New Jersey 2. Senior Citizens Deductions Per Tax Billings 7, Veterans Deductions Per Tax Billings 12, Senior Citizens Deductions Allowed By Tax Collector 1, Veterans Deductions Allowed by Collector Senior Citizens Allowed by Collector Senior Citizens Deductions Disallowed By Tax Collector Senior Citizens Deductions Disallowed By Tax Collector 2017 Taxes Received in Cash from State 20, Balance December 31, 2018 Due From State of New Jersey 1, Due To State of New Jersey 22, , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 7,000 Line 3 12,500 Line 4 1,750 SubTotal 21,250 Less: Line To Item 10, Sheet 22 20,482 Sheet 23

27 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING N. J. DIVISION OF TAX APPEALS (N. J. S. A. 54:327) Debit Credit Balance January 1, Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2018 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals Cash Paid to Appelants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Balance December 31, 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 License # Date Sheet 24

28 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2019 MUNICIPAL BUDGET Year 2019 Year Total General Appropriations for 2019 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes) XXXXXXXX 2. Local District School Tax Actual ,871,223 School Budget Estimate ** XXXXXXXX 3. Regional School District Tax Actual Estimate * XXXXXXXX 4. Regional High School Tax Actual School Budget Estimate * XXXXXXXX 5. County Tax Actual ,101 Estimate * XXXXXXXX 6. Special District Taxes Actual Estimate * XXXXXXXX 7. Municipal Open Space Tax Actual Estimate * XXXXXXXX 8. Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2019 in Municipal Budget (Item 5) Cash Required from 2018 Taxes to Support Local Municipal Budget and Other Taxes Amount of Item 10 Divided by v 96.00% [ ] 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 "actual" (Amount Shown on Line 2 Above) Tax of year 2018 Regional School District Tax (Amount Shown on Line 3 Above) ** Must be stated in the amount of the proposed Regional High School Tax budget submitted by the Local Board of Education (Amount Shown on Line 4 Above) to the Commissioner of Education on January 15, County Tax 2019 (Chap. 136, P.L. 1978). Consideration must be (Amount Shown on Line 5 Above) given to calendar year calculation. Special District Tax (Amount Shown on Line 6 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above) Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: "Reserve for Uncollected Taxes" (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Note: Item 1 Total General Appropriations The amount of anticipated Item 12 Appropriation: Reserve for Uncollected Taxes revenues (Item 9) may SubTotal never exceed the total of Less: Item 9 Total Anticipated Revenues Items 1 and 12. Amount to be Raised by Taxation in Municipal Budget Sheet 25

29 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 [(2019 Estimated Total Levy 2018 Total Levy) / 2018 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) 2018 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, item 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

30 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, , XXXXXXXX A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens , XXXXXXXX XXXXXXXX 2. Canceled: XXXXXXXX XXXXXXXX A. Taxes XXXXXXXX B. Tax Title Liens XXXXXXXX Transferred to Foreclosed Tax Title Liens XXXXXXXX XXXXXXXX A. Taxes XXXXXXXX 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) B. Tax Title Liens Transfers from Taxes (1) XXXXXXXX 7. Balance Before Cash Payments XXXXXXXX 124, Totals 124, , Balance Brought Down 124, XXXXXXXX 10. Collected: XXXXXXXX 107, A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens XXXXXXXX XXXXXXXX 11. Interest and Costs 2018 Tax Sale XXXXXXXX Taxes Transferred to Liens , XXXXXXXX Taxes , XXXXXXXX 14. Balance December 31, 2018 XXXXXXXX 126, A. Taxes , XXXXXXXX XXXXXXXX B. Tax Title Liens , XXXXXXXX XXXXXXXX 15. Totals 234, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 86.29% % 17. Item No. 14 multiplied by percentage shown above is 109,500 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

31 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) 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, , , ,800 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: $0.00 * Total Cash Collected in 2018 ( ) Realized in 2018 Budget 0 To Results of Operation (Sheet 19) Sheet 27

32 DEFERRED CHARGES MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:55, N.J.S. 40A:455.1 or N.J.S. 40A: listed on Sheets 29 and 30.) Amount Caused By: Dec. 31, 2017 Amount in Amount Balance per Audit 2018 Resulting as of Report Budget from 2018 Dec. 31, Emergency Authorization Municipal * $ $ $ $ 2. Emergency Authorizations Schools $ $ $ $ 3. Overexpenditure of Appropriations $ $ $ $ 4. $ $ $ $ 5. $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ 8. $ $ $ $ 9. $ $ $ $ 10. $ $ $ $ * Do not include items funded or refunded 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 1. $ 2. $ 3. $ 4. $ 5. $ JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In favor of On Account of Date Entered Amount Year $ 2. $ 3. $ 4. $ Sheet 28

33 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; MUNICI PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Amount Not Less Than Balance REDUCED IN 2018 Balance Date Purpose Authorized 1/5 of Amount Dec. 31, 2017 Dec. 31, 2018 Authorized* By 2018 Canceled Budget by Resolution 8/12/2015 Tax Map Updates 75, , , ,000 30, /2/2017 Property Revaluation 80, , , ,000 64, Totals 155, , , # 31, , # 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, 2018' must be entered here and then raised in the 2019 budget.

34 Sheet 30 N.J.S. 40A:455.1 ET SEQ., N.J.S. 40A: ET SEQ., SPECIAL EMERGENCY DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD SPECIAL EMERGENCY PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Amount Not Less Than Balance REDUCED IN 2018 Balance Date Purpose Authorized 1/3 of Amount Dec. 31, 2017 Dec. 31, 2018 Authorized* By 2018 Canceled Budget by Resolution 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 onefifth (1/5) of amount authorized but not more than the amount shown in the column 'Balance Dec. 31, 2018' must be entered here and then raised in the 2019 budget.

35 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2019 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS 2019 Debt Debit Credit Service Outstanding January 1, XXXXXXXX 247,563 Issued XXXXXXXX Paid ,456 XXXXXXXX Outstanding, December 31, ,107 XXXXXXXX 247, , Bond Maturities General Capital Bonds , Interest on Bonds * ,970 ASSESSMENT SERIAL BONDS Outstanding January 1, XXXXXXXX Issued XXXXXXXX Paid XXXXXXXX Outstanding, December 31, XXXXXXXX 2019 Bond Maturities Assessment Bonds Interest on Bonds * Total "Interest on Bonds Debt Service" (*Items) LIST OF BONDS ISSUED DURING 2018 Date of Interest Purpose 2019 Maturity Amount Issued Issue Rate Total Sheet 31

36 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2019 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) Green Trust LOAN Outstanding January 1, XXXXXXXX XX Issued XXXXXXXX XX Debit Credit 2019 Debt Service Paid XXXXXXXX XX Outstanding, December 31, XXXXXXXX XX Loan Maturities $ 2019 Interest on Loans $ Total 2019 Debt Service for Green Acres Loan $ 0 Type I LOAN Outstanding January 1, XXXXXXXX XX Issued XXXXXXXX XX Paid XXXXXXXX XX Outstanding, December 31, XXXXXXXX XX Loan Maturities $ 2019 Interest on Loans $ Total 2019 Debt Service for $ 0 LIST OF LOANS ISSUED DURING 2018 Purpose 2019 Maturity Amount Issued Date of Interest Issue Rate Total Sheet 31a

37 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2019 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS 2019 Debt Debit Credit Service Outstanding January 1, XXXXXXXX Paid XXXXXXXX Outstanding, December 31, XXXXXXXX 2019 Bond Maturities Term Bonds Interest on Bonds * TYPE I SCHOOL SERIAL BOND Outstanding January 1, XXXXXXXX Issued XXXXXXXX Paid XXXXXXXX Outstanding, December 31, XXXXXXXX 2019 Interest on Bonds * Bond Maturities Serial Bonds Total "Interest on Bonds Type I School Debt Service" (*Items) LIST OF BONDS ISSUED DURING 2018 Date of Interest Purpose 2019 Maturity Amount 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

38 Sheet 33 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Original Original Amount Date Rate 2019 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, 2018 ** Total 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 2016 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 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)

39 Sheet 34 DEBT SERVICE FOR ASSESSMENT NOTES Original Original Amount Date Rate 2018 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, 2017 ** Total Memo: *See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of December 31, 2016 or prior must be appropriated in full in the 2019 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)

40 Sheet 34a SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount 2019 Budget Requirement of Obligation Outstanding For Principal For Interest/Fees Dec. 31, Total (Do not crowd add additional sheets)

41 Sheet 35 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Balance January 1, 2018 Balance December 31, 2018 Specify each authorization by purpose. Do 2018 prior year Expended Authorizations not merely designate by a code number Funded Unfunded Authorizations Encumbrances Canceled Funded Unfunded Cancelled # Boro Hall Parking Lot 100, , Balance 100, , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

42 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Debit Credit Balance January 1, , Received from 2018 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 ,000 Balance December 31, , , , * The full amount of the 2018 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet 36

43 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS Debit Credit Balance January 1, Received from 2018 Budget Appropriation * Received from 2018 Emergency Appropriation * Appropriated to Finance Improvement Authorizations Balance December 31, * The full amount of the 2018 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2018 AND DOWN PAYMENTS (N.J.S. 40A:211) GENERAL CAPITAL FUND ONLY Total Down Payment Amount of Down Purpose Amount Obligations Provided by Payment in Budget Appropriated Authorized Ordinance of 2018 or Prior Years 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. Sheet 37

44 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR 2018 Debit Credit Balance January 1, XXXXXXXX 57, Premium on Sale of Bonds XXXXXXXX Funded Improvement Authorizations Canceled XXXXXXXX Appropriated to Finance Improvement Authorizations XXXXXXXX Appropriated to 2018 Budget Revenue XXXXXXXX Balance December 31, , XXXXXXXX 57, , BONDS ISSUED WITH A COVENANT OR CONVENANTS 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, $ 2. Amount of Cash in Special Trust Fund as of December 31, 2018 (Note A) $ 3. Amount of Bonds Issued Under Item 1 Maturing in 2019 $ 4. Amount of Interest on Bonds with a Covenant 2019 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 2018 appropriation column. Sheet 38