ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED)

Transcription

1 ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2016 (UNAUDITED) POPULATION LAST CENSUS NET VALUATION TAXABLE 2016* MUNICODE' ,344, FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26,2017 MUNICIPALITIES FEBRUARY 10,2017 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNO TATED 40A:512, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICA TION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH of ROOSEVELT County of MONMOUTH 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 34a,49 to 51 a and 63 to 65a are complete, were computed by meand can be supported upon demand by a register or other detailed analysis. 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 1have not prepared)[eliminate one] and information required also included herein and that this Statementis an exact copy of the original on file with the clerk of the governingbody, 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 1, GEORGE J. LANG am the Chief Financial Officer, License UN0227 of the BOROUGH of ROOSEVELT, Countyof MONMOUTH and that the statements annexed hereto and made a part hereof are true statements ofthe financial condition ofthe Local Unit as at December 31, 2016, 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 certifiction by the Director oflocal Government Services, including the verification ofcash balances as ofdecember 31, Signature Title Address Phone Number Fax Number PO BOX 128, ROOSEVELT, NJ (609) (609) cfo(5>rooseveitnj.org IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet 1

2 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the postclosing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the of as of December 31, and have applied certain agreedupon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:512, as amended. Because the agreedupon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the postclosing trial balances, related statements and analyses. In connection with the agreedupon procedures, (except for circumstances as set forth below, no matters) or (no matters) [eliminate one] came to my attention that caused me to believe that the Annual Financial Statement for the year ended is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole. Listing of agreedupon procedures not performed and/or matters coming to my attention of which the Director should be informed: NOT APPLICABLE (Registered Municipal Accountant) (Firm Name) (Address) Certified by me this day of,2017. (Address) (Phone Number) ( ) (Fax Number) Sheet 1a N/A

3 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certificationsmustbe signed by the ChiefFinancial Officerif your municipality is eligible for local examination. CERTIFICATION OF QUALIFYING MUNICIPALITY 1. The outstanding indebtedness ofthe 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. The deferred charges did not equal or exceed 4% of the total tax levy; 5. There were no "procedural deficiencies" noted bythe registered municipal accountant on Sheet 1a of the Annual Financial Statement; and 6. There was no operating deficit for the previous 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 levy 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 municipalitywill not apply for Transitional Aid for The undersigned certifies that this municilpalitv 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: Borough of Roosevelt Qeorge J. Lang, Signature: Certificate #: #N0227 Date: 02/24/17 CERTIFICATION OF NONQUALIFYING MUNICIPALITY The undersigned certifies that this municipality does not meet items(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: Borough of Roosevelt George J. Lang Signature: Certificate*: #N0227 Date: Sheet 1b

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6 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND AS AT DECEMBER 31, 2016 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash 921, Receivables with Offsetting Reserves: Taxes Receivable 39, Tax Title Liens Receivable 9, Foreclosed Property 181, Revenue Accounts Receivable 1, Due From WaterSewer Operating 284, Due From WaterSewer Capital 161, Deferred Charges: Deferred School Taxes Payable 491, Special Emergency 40A:453 Emergency Authorization (Do not crowd add additional sheets) Sheet 3

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE CURRENT FUND (CONT'D) AS AT DECEMBER 31, 2016 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Appropriation Reserves 113, Reserve for Encumbrances 19, Prepaid Taxes 6, Due to Grant Fund 31, Accounts Payable 8, Due to State of NJ Ch 20 P.L , Reserve for Cable TV Appropriated 5, Tax Overpayments Added County Taxes Payable Local District School Taxes Payable 296, Subtotal 481, "C" Deferred School Taxes 491, Reserve for Receivables 678, Fund Balance 439, ,090, ,090, (Do not crowd add additional sheets) Sheet 3a

8 POST CLOSING TRIAL BALANCE PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2016 Title of Account Debit Credit (Do not crowd add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4 N/A

9 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2016 Title of Account Debit Credit Grants Receivable 5, Due From Current Fund 31, Encumbrances Payable 5, Reserve for Grants: Appropriated 32, Unappropriated 37, , (Do not crowd add additional sheets) Sheet 5

10 POST CLOSING TRIAL BALANCE TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2016 Title of Account Debit Credit Animal Control Fund Cash Due to State of NJ 5.40 Reserve for Animal Control Expenditures Other Trust Cash 54, Reserve for Trust Deposits 54, , , (Do not crowd add additional sheets) Sheet 6

11 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2015: (1) x 25% (2) Municipal Public Defender Trust Cash Balance December 31, 2016: (3) 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 ofthe amount expended shall be forwarded to the Criminal Disposition and ReviewCollection Fund administered by the Victims of Crime Compensation Board. (P.O. Box084, Trenton, NJ 08625) Amount in excess of the amount expended: 3 (1 + 2) = _$ The undersigned certifies that the municipality has com plied with the regulations governing Municipal Public Defender as required under Public Law 1998, C Chief Financial Officer: George J. Lang Signature: Certificate*: N227 Date: February 22, 2017 Sheet 6a

12 Schedule of Trust Fund Reserves Purpose Amount Receipts Disbursements Balance Dec. 31, 2015 as at per Audit Dec. 31, 2016 Report 1. Escrow Funds $ 18, $ 3, , $ 18, Third Party Lien Redemption 176, , Historical Comm Donations Recreation Donations Public DefenderMillstone 5. Twp Payroll 2, , , , Tax Sale Premiums 57, , , POAA Fire Department Donations Woodland Trail Memorial 10. Fund Totals: $ 79, $ 607, $ 632, $ 54, Sheet 6b

13 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Disbursements Balance and Investments are Pledged Dec. 31, 2015 and Liens Budget Dec. 31, 2016 Assessment Serial Bond Issues: Sheet 7 N/A Assessment Bond Anticipation Note Issues: Other Liabilities Trust Surplus *Less Assets "Unfinanced" *Show as red figure

14 POST CLOSING TRIAL BALANCE GENERAL CAPITAL FUND AS AT DECEMBER 31, 2016 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized 112, Bonds and Notes Authorized but Not Issued 112, Cash 89, Grants Receivable 5, Deferred Charges to Future Taxation Funded 125, Deferred Charges to Future Taxation Unfunded 112, Due From WaterSewer Capital Fund 9, Bonds Payable 125, Encumbrances Payable Capital Improvement Fund 66, Reserve for Building Improvements 18, Improvement Authorizations: Funded 28, Unfunded 101, Fund Balance 1, , , (Do not crowd add additional sheets) Sheet 8

15 _ 1, _ CASH RECONCILIATION DECEMBER 31, 2016 *On Hand Cash On Deposit Less Checks Outstanding Cash Book Balance Current 60, , , , Trust Assessment Trust Dog License _ Trust Other 12, , , , Capital General 18, , , Water Operating _ Water Capital _ Utility Assessment Trust Public Assistance ** Garbage District Water/Sewer Operating 31, , , , Water/Sewer Capital , , Total 123, ,111, , ,087, * Include Deposits In Transit ** Be sure to include a Public Assistance Account Reconciliation and trial balance if the municipality maintains such a bank account. REQUIRED CERTIFICATION I hereby certify that all amountsshown inthe "Cashon Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December31, Ialsocertify thatall 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 BYTHE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title CFO Sheet 9

16 CASH RECONCILIATION DECEMBER 31, 2016 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" CURRENT FUND 1ST CONSTITUTION 804, ST CONSTITUTION 101, TOTAL CURRENT FUND 906, ANIMAL CONTROL FUND 1ST CONSTITUTION 1, TOTAL ANIMAL CONTROL 1, OTHER TRUST 1ST CONSTITUTION 15, ST CONSTITUTION 64, TOTAL OTHER TRUST 80, GENERAL CAPITAL FUND 1ST CONSTITUTION 70, TOTAL GENERAL CAPITAL FUND 70, WATERSEWER UTILITY OPERATING FUND 1ST CONSTITUTION 50, TOTAL WATERSEWER OPERATING FUND 50, WATERSEWER UTILITY CAPITAL FUND 1ST CONSTITUTION 2, TOTAL WATERSEWER UTILITY CAPITAL FUND 2, ,111, 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

17 #REF! MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Balance 2016 Received Canceled Balance Grant Jan. 1, 2016 Budget Dec. 31, 2016 Revenue Realized Sheet 10 Green Communities Grant 3, , Clean Communites Grant 4, , Sustainable Jersey Small Grant 2, , Recreational Trails Grant 8, , , Totals 17, , ,893.19

18 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred from 2016 Budget Appropriations Balance Budget Appropriation Expended Balance Jan. 1, 2016 By 40A:487 Dec. 31, 2016 Recycling Tonnage Grant 10, , , Green Communities Grant 3, , Municipal Court Alcohol Education and Sheet 11 Rehabilitation Fund Clean Communities Grant 21, , , , Sustainable Jersey Small Grant Sustainable Jersey Small Grant2016 2, , Fund for Roosevelt Environmental Inventory JIF Safety Grant Recreational Trails Grant 8, , , Totals 32, , , ,086.97

19 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Transferred to 2016 Budget Appropriations Balance Budget Appropriation Received Balance Jan. 1, 2016 By 40A:487 Dec. 31, 2016 Sheet 12 Totals

20 *LOCAL DISTRICT SCHOOL TAX #REF! Debit Credit Balance January 1, 2016 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) , Levy School Year July 1, 2016 June 30, ,577, Levy Calendar Year 2016 Paid 1,594, Balance December 31, 2016 School Tax Payable # , School Tax Deferred (Not in excess of 50% of Levy ) , * Not including Type 1 school debt service, emergency authorizationsschools, transfer to Board of Education for use of local schools. # Must include unpaid requisitions. 2,383, ,383, MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, Levy Interest Earned Expended Balance December 31, Sheet 13

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

22 COUNTY TAXES PAYABLE #REF! Debit Credit Balance January 1, 2016 County Taxes Due County for Added and Omitted Taxes Levy: General County , County Library , County Health 4, County Open Space Preservation 12, Due County for Added and Omitted Taxes Paid 248, Balance December 31, 2016 County Taxes Due County for Added & Omitted Taxes , , SPECIAL DISTRICT TAXES Debit Credit Balance January 1, Levy: (List Each Type of District Tax Separately see Footnote) Fire Sewer Water Garbage Open Space Total 2016 Levy Paid Balance December 31, Footnote: Please state the number of districts in each instance. Sheet 15

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

24 STATEMENT OF GENERAL BUDGET REVENUES 2016 Source Budget Realized Excess or Deficit* Surplus Anticipated , , Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget 108, , , Added by N.J.S. 40A:487: (List on 17a) Per attached sheet Total Miscellaneous Revenue Anticipated , , , Receipts from Delinquent Taxes , , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes , (b) Addition to Local District School Tax (c) Minimum Library Tax Total Amount to be Raised by Taxation , , , ,166, ,309, , ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) ,405, Amount to be Raised by Taxation Local District School Tax ,577, Regional School Tax Regional High School Tax County Taxes , Due County for Added and Omitted Taxes Special District Taxes Municipal Open Space Tax Reserve for Uncollected Taxes , Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) , *Excess NonBudget Revenue (see footnote) *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 allocation would apply to "NonBudget Revenue" only. 2,585, ,585, Sheet 17

25 STATEMENT OF GENERAL BUDGET REVENUES 2016 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:487 Source Budget Realized Excess or Deficit NONE Total (Sheet 17) 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:487 and matching funds have been provided if applicable. CFO Signature: Sheet 17a

26 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted ,166, Budget Added by N.J.S. 40A: Appropriated for 2016 (Budget Statement Item 9) ,166, Appropriated for 2016 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) ,166, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,166, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] , Paid or Charged Reserve for Uncollected Taxes , Reserved , Total Expenditures ,139, Unexpended Balances Canceled (see footnote) , FOOTNOTES RE: OVEREXPENDITURES: Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED: Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2016 Authorizations N.J.S. 40A:446 (After adoption of Budget) N.J.S. 40A:420 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures Sheet 18

27 RESULTS OF 2016 OPERATIONS CURRENT FUND Debit Credit Excess of anticipated Revenues: Miscellaneous Revenues anticipated , Delinquent Tax Collections Required Collection of Current Taxes , Unexpended Balances of 2016 Budget Appropriations , Miscellaneous Revenue Not Anticipated , Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of 2015 Appropriation Reserves , Prior Years Interfunds Returned in 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 , Deficit Balance To Trial Balance (Sheet 3) Surplus Balance To Surplus (Sheet 21) , , , Sheet 19

28 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED SOURCE Amount Realized Interest on Investments and Deposits 5, Interest on Delinquent Taxes 10, Cable TV Franchise Fees 12, Prior Year Void Checks Municipal Court Fines and Fees 2, Senior Citizens / Veterans Administrative Fee Raffle License Planning and Zoning Fees Prior Year Refunds Certificate of Occupancy Inspections 1, Miscellaneous License Fees Homestead Rebate mailing reimbursement Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 35, Sheet 20

29 SURPLUS CURRENT FUND YEAR 2016 #REF! 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 Govt. Services Balance December 31, , , , ANALYSIS OF BALANCE DECEMBER 31, 2016 (FROM CURRENT FUND TRIAL BALANCE) Cash , Investments SubTotal 921, 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 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 WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NONCASH SURPLUS IN 2017 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. NOTE: Deferred charges for authorizations under N.J.S. 40A:455 (Tax Map, etc.), N.J.S. 40A:455 (Flood Damage, etc.), N.J.S. 40A:455.1 (Roads and Bridges, etc.) and N.J.S. 40A: (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21

30 (FOR MUNICIPALITIES ONLY) CURRENT TAXES 2016 LEVY 1. Amount of Levy as per Duplicate (Analysis) # ,447, or (Abstract of Ratables) Amount of Levy Special District Taxes Amount Levied for Omitted Taxes under N.J.S.A. 54: et seq Amount Levied for Added Taxes under N.J.S.A. 54:463.1 et seq a. Subtotal 2016 Levy 2,448, b. Reductions due to tax appeals ** 5c. Total 2016 Tax Levy ,448, Transferred to Tax Title Liens , Transferred to Foreclosed Property Remitted, Abated or Canceled Discount Allowed Collected in Cash: In , In 2016 * ,394, Homestead Benefit Credit State's Share of 2016 Senior Citizens and Veterans Deductions Allowed , Total to Line ,405, Total Credits 2,408, Amount Outstanding, December 31, , Percentage of Cash Collections to Total 2016 Levy, (Item 10 divided by Item 5c) is 98.24% 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 2,405, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 2,405, Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50, the percentage represented by the cash collections would be $1,049, $1,500,000, or The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor %. #Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2016 collections. ** Tax appeals pursuant to R.S. 54:321 et seq and/or R.S. 54:481 et seq approved by resolution of the governing body prior to introduction of municipal budget.(n.j.s.a. 40A:441) Sheet 22

31 ACCELERATED TAX SALE / TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2016 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L (1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22) $ LESS : Proceeds from Accelerated Tax Sale NET Cash Collected $ N/A Line 5c (sheet 22) Total 2016 Tax Levy $ N/A Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is N/A (2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22) $ LESS: Proceeds from Tax Levy Sale (excluding premium) NET Cash Collected $ Line 5c (sheet 22) Total 2016 Tax Levy $ Percentage of Collection Excluding Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is Sheet 22a N/A

32 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS #REF! Debit Credit 1. Balance January 1, 2016 Due From State of New Jersey Due To State of New Jersey 1, Sr. Citizens Deductions Per Tax Billings 3. Veterans Deductions Per Tax Billings 4, Sr. Citizens Deductions Allowed By Tax Collector 5. Veterans Deductions Allowed By Tax Collector Sr. Citizens Deductions Disallowed By Tax Collector 8. Sr. Citizens Deductions Disallowed By Tax Collector 2015 Taxes 9. Received in Cash from State 4, Balance December 31, 2016 Due From State of New Jersey Due To State of New Jersey 1, , , Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 Line 3 4, Line 4 Line SubTotal 4, Less: Line 7 To Item 10, Sheet 22 4, Sheet 23

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

34 ACCELERATED TAX SALE CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year. A. Reserve for Uncollected Taxes (sheet 25, Item 12) $ B. Reserve for Uncollected Taxes Exclusion: Outstanding Balance of Delinquent Taxes (sheet 26, Item 14A) x % of collection (Item 16) $ C. TIMES : % of increase of Amount to be Raised by Taxes over Prior Year % [(2016 Estimated Total Levy 2016 Total Levy)/2016 Total Levy] D. Reserve for Uncollected Taxes Exclusion Amount $ [(B x C) + B] E. Net Reserve for Uncollected Taxes Appropriation in Current Budget $ (A D) 2017 Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. Subtotal General Appropriations (item 8(L) budget sheet 29) $ 2. Taxes not Included in the Budget (AFS 25, items 2 thru 7) $ Total $ 3. Less: Anticipated Revenues (item 5, budget sheet 11) $ 4. Cash Required $ 5. Total Required at % (items 4+6) $ 6. Reserve for Uncollected Taxes (item E above) $ Sheet 25a N/A

35 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS #REF! Debit Credit 1. Balance January 1, , A. Taxes , B. Tax Title Liens , Canceled: A. Taxes B. Tax Title Liens Transferred to Foreclosed Tax Title Liens: A. Taxes B. Tax Title Liens Added Taxes , Added Tax Title Liens Adjustment between Taxes (Other than current year) and Tax Title Liens: A. Taxes Transfers to Tax Title Liens B. Tax Title Liens Transfers from Taxes Balance Before Cash Payments 51, Totals 51, , Balance Brought Down 51, Collected: 45, A. Taxes , B. Tax Title Liens Interest and Costs 2016 Tax Sale Taxes Transferred to Liens , Taxes , Balance December 31, , A. Taxes , B. Tax Title Liens , Totals 94, , Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 88.49% 17. Item No. 14 multiplied by percentage shown above is 43, 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

36 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) #REF! Debit Credit 1. Balance January 1, , Foreclosed or Deeded in Tax Title Liens Taxes Receivable A B Adjustment to Assessed Valuation Adjustment to Assessed Valuation Sales 9. Cash* Contract Mortgage Loss on Sales Gain on Sales Balance December 31, , , , CONTRACT SALES Debit Credit 15. Balance January 1, Sales from Foreclosed Property Collected* Balance December 31, MORTGAGE SALES Debit Credit 20. Balance January 1, Sales from Foreclosed Property Collected* Balance December 31, Analysis of Sale of Property: *Total Cash Collected in 2016 ( ) Realized in 2016 Budget To Results of Operation (Sheet 19) Sheet 27

37 Amount Caused By Dec. 31, 2015 Amount Amount Balance per Audit 2016 Resulting as at Report Budget from 2016 Dec. 31, Emergency Authorization Municipal* 2. Emergency Authorizations Schools DEFERRED CHARGES MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:455, N.J.S. 40A:455.1 or N.J.S. 40A: listed on Sheets 29 and 30.) *Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:447 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:23 OR N.J.S. 40A: Date Purpose Amount JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In favor of On Account of Date Entered Amount Year Sheet 28 N/A

38 N.J.S. 40A:453 SPECIAL EMERGENCY TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Not Less Than REDUCED IN 2016 Amount 1/5 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, 2016 Sheet 29 N/A Totals It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:453 et seq. and are recorded on this page. Chief Financial Officer *Not less than onefifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2016" must be entered here and then raised in the 2017 budget.

39 N.J.S. 40A:55.1, ET SEQ., SPECIAL EMERGENCY DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:55.13, ET SEQ., SPECIAL EMERGENCY PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN 2016 Amount 1/3 of Amount Balance By 2016 Canceled Balance Date Purpose Authorized Authorized* Dec. 31, 2015 Budget by Resolution Dec. 31, 2016 Sheet 30 N/A Totals It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:455.1 et seq. and N.J.S. 40A: et seq. and are recorded on this page. Chief Financial Officer *Not less than onethird (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2016" must be entered here and then raised in the 2017 budget.

40 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS #REF! Debit Credit 2017 Debt Service Outstanding January 1, , Issued Paid , Outstanding, December 31, , , , Bond Maturities General Capital Bonds , Interest on Bonds * , ASSESSMENT SERIAL BONDS Outstanding January 1, Issued Paid Outstanding, December 31, Bond Maturities Assessment Bonds Interest on Bonds * Total "Interest on Bonds Debt Service" (*Items) , LIST OF BONDS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate NONE Total Sheet 31

41 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR LOANS (COUNTY) (MUNICIPAL) GREEN TRUST LOAN 0 Debit Credit 2017 Debt Service Outstanding January 1, Issued Paid Outstanding, December 31, Loan Maturities Interest on Loans Total 2017 Debt Service for Loan LOAN Outstanding January 1, Issued Paid Outstanding, December 31, Loan Maturities Interest on Loans Total 2017 Debt Service for Loan LIST OF LOANS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate Total Sheet 31a N/A

42 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS #REF! Debit Credit 2017 Debt Service Outstanding January 1, Paid Outstanding, December 31, Bond Maturities Term Bonds Interest on Bonds * TYPE I SCHOOL SERIAL BOND Outstanding January 1, Issued Paid Outstanding, December 31, Interest on Bonds * Bond Maturities Serial Bonds Total "Interest on Bonds Type I School Debt Service" (*Items) LIST OF BONDS ISSUED DURING Amount Date of Interest Purpose Maturity Issued Issue Rate Total INTEREST REQUIREMENT CURRENT FUND DEBT ONLY Outstanding Dec. 31, Interest Requirement 1. Emergency Notes Special Emergency Notes Tax Anticipation Notes Interest on Unpaid State and County Taxes Sheet 32 NOT APPLICABLE

43 T.J. O'Neill O'Neill and Lang 08/08/00 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Sheet 33 Amount Title or Purpose of Issue Original Original of Note Date Rate 2017 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2016 Maturity Interest ** (Insert Date) NONE Totals Memo: Type 1 School Notes should be separately listed and totaled. *"Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2014 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted with statement. ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. (Do not crowd add additional sheets)

44 DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES NONE Amount Title or Purpose of Issue Original Original of Note Date Rate 2017 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue* Dec. 31, 2016 Maturity Interest ** (Insert Date) Sheet 34 NOT APPLICABLE Totals MEMO: * See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of December 31, 2014 or prior must be appropriated in full in the 2017 Dedicated Assessment Budget or written intent of permanent financing submitted with statement. **Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd add additional sheets) NOT APPLICABLE

45 T.J. O'Neill O'Neill and Lang 08/08/00 SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount of Lease Obligation Outstanding Dec. 31, 2016 For Principal 2017 Budget Requirement For Interest/Fees NOT APPLICABLE Sheet 34a 1. NONE Total (Do not crowd add additional sheets)

46 SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance January 1, 2016 Balance December 31, 2016 Expended Authorizations 2016 Authorizations Funded Unfunded Canceled Funded Unfunded 228 Reconstruct Manholes 11, , Reconstruction of Pine Dr. Storm Sewers 8, , , , Sheet Fuel Tank Soil Removal 7, , Improvements to Nurko Road 5, , , Improvements to South Valley Road 31, , Improvements to Windsor Road 29, , , , Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization. 62, , , , , ,545.02

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

48 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS #REF! Debit Credit Balance January 1, Received from 2016 Budget Appropriation* Received from 2016 Emergency Appropriation* Appropriated to Finance Improvement Authorizations Balance December 31, * The full amount of the 2016 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2016 AND DOWN PAYMENTS (N.J.S. 40A:211) GENERAL CAPITAL FUND ONLY Purpose Amount Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Payment in Budget of 2016 or Prior Years NONE 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

49 #REF! GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR 2016 Debit Credit Balance January 1, , Premium on Sale of Bonds Funded Improvement Authorizations Canceled Premium on Sale of Bond Anticipation Notes Appropriated to Finance Improvement Authorizations Appropriated to 2016 Budget Revenue Balance December 31, , , , BONDS ISSUED WITH A COVENANT OR COVENANTS 1. Amount of Serial Bonds Issued Under Provisions of Chapter 233, P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L or Chapter 77, Article VIA, P.L. 1945, with Covenant or Covenants; Outstanding December 31, Amount of Cash in Special Trust Fund as of December 31, 2016 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in Amount of Interest on Bonds with a Covenant 2017 Requirement 5. Total of 3 and 4 Gross Appropriation 6. Less Amount of Special Trust Fund to be Used 7. Net Appropriation Required NOTE A This amount to be supported by confirmation from bank or banks. Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto. Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of Item 7 extended into the 2017 appropriation column. Sheet 38

50 MUNICIPALITIES ONLY IMPORTANT This Sheet Must Be Completely Filled in or the Statement Will be Considered Incomplete (N.J.S.A.52:27BB55 As Amended by Chap. 211, P.L. 1981) A. 1. Total Tax Levy for the Year 2016 was 2,448, Amount of Item 1 Collected in 2016 (*) 2,405, Seventy (70) percent of Item 1 1,713, (*) Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year 2016? Answer YES or NO Yes 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2016? Answer YES or NO Yes If answer is "NO" give details NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2017 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? Answer YES or NO: NO D. 1. Cash Deficit 2015 None 2. 4% of 2015 Tax Levy for all purposes: Levy = 3. Cash Deficit 2016 None 4. 4% of 2016 Tax Levy for all purposes: Levy = E. Unpaid Total 1. State Taxes NONE 2. County Taxes Amounts due Special Districts NONE 4. Amounts due School Districts for Local School Tax NONE Sheet 39

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

52 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE WATERSEWER UTILITY FUND AS AT DECEMBER 31, 2016 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit WATERSEWER UTILITY OPERATING FUND Cash 19, Due from WaterSewer Capital Fund 411, Consumer Accounts Receivable 83, WaterSewer Liens Receivable Deferred Charges: Operating Deficit Emergency Authorization Appropriation Reserves 66, Reserve for Encumbrances 42, Prepaid Rents 2, Due to Other Trust Due to Current Fund 284, Accrued Interest on Notes Accrued Interest on Bonds 6, Accrued Interest on Loans 6, , "C" Reserve for Receivables 83, Fund Balance 21, , , (Do not crowd add additional sheets) Sheet 55

53 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE WATERSEWER UTILITY FUND AS AT DECEMBER 31, 2016 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account Debit Credit WATERSEWER UTILITY CAPITAL FUND Estimated Proceeds Bonds & Notes Authorized not Issued 1,196, Bonds and Notes Authorized but not Issued 1,196, Cash 2, Fixed Capital 5,234, Fixed Capital Authorized and Uncompleted 2,203, NJEIT Loans Receivable 258, Serial Bonds Payable 1,940, USDA Loans Payable 84, NJEIT Loans Payable 1,151, Bond Anticipation Notes Due to Current Fund 161, Due to General Capital Fund 9, Due to WaterSewer Operating Fund 411, Improvement Authorizations Funded 3, Improvement Authorizations Unfunded 862, Capital Improvement Fund 7, Reserve for Amortization 3,046, Deferred Reserve for Amortization 18, Reserve for Encumbrances Fund Balance ,895, ,895, (Do not crowd add additional sheets) Sheet 55a

54 POST CLOSING TRIAL BALANCE UTILITY ASSESSMENT TRUST FUNDS IF MORE THAN ONE UTILITY EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED AS AT DECEMBER 31, 2016 Title of Account Debit Credit (Do not crowd add additional sheets) Sheet 56 NOT APPLICABLE

55 Terry O'Neill ANALYSIS OF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Audit RECEIPTS Title of Liability to which Cash Balance Assessments Operating Disbursements Balance and Investments are Pledged Dec. 31, 2015 and Liens Budget Dec. 31, 2016 Assessment Serial Bond Issues: Sheet 57 Assessment Bond Anticipation Note Issues: Other Liabilities Trust Surplus NOT APPLICABLE Less Assets "Unfinanced" * *Show as red figure

56 SCHEDULE OF WATERSEWER UTILITY BUDGET 2016 BUDGET REVENUES Source Budget Received in Cash Excess or Deficit* Operating Surplus Anticipated 01 61, , Operating Surplus Anticipated with Consent of Director of Local Government Services 02 Rents 746, , (2,374.48) Cell Tower Fees 65, , , Interest on Delinquent Rents 10, , Added by N.J.S. 40A:487 (List) Subtotal 882, , , Deficit (General Budget)** 06 26, (26,445.00) , , (17,729.69) **Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree with amounts shown for such items on Sheet 59. STATEMENT OF BUDGET APPROPRIATIONS Appropriations: Adopted Budget 908, Added by N.J.S. 40A:487 Emergency Total Appropriations 908, Add: Overexpenditures (See Footnote) Total Appropriations and Overexpenditures 908, Deduct Expenditures: Paid or Charged 841, Reserved 66, Surplus (General Budget)** Total Expenditures 908, Unexpended Balance 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 BALANCE 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" Sheet 58