UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL

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3 UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL The undersigned certifies that the Municipality has complied with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2014 as required under N.J.A.C. 5: Printed Name: Signature: Certificate #: Date: Sheet 1b

4 MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER GROUP # 1 - ELIGIBLE 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 applied for Extraordinary Aid for The undersigned certifies th this municipality has complied in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J A.C. 5: Municipality Chief Financial Officer: Borough of Somerville Dena Flynn Signature: Certificate #: N-866 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: NOT APPLICABLE Certificate #: Date: Sheet 1c

5 Fed I.D. # BOROUGH OF SOMERVILLE Municipality SOMERSET County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2014 (1) (2) (3) Federal programs State Other Federal Expended Programs Programs (administered by Expended Expended the state) TOTAL $ 88, $ 437, $ 2,140, Type of audit required by OMB A-133 and OMB 04-04: X 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 OMB A-133 (Revised 6/27/03) and OMB The single audit threshold has been increased to $500, beginning with Fiscal Year ending after 12/31/03. Expenditures are defined in section 205 of OMB A-133. (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 1d

6 IMPORTANT! READ INSTRUCTIONS INSTRUCTION - NONAPPLICABLE 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 Borough of Somerville County of Somerset during the year 2014 and that sheets 40 to 68 are unnecnecessary. I have therefore removed from this statement the sheets pertaining only to utilities Name: Title: (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) NOTE: When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet in the statement) in order to provide a protective cover sheet to the back of the document. MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2014 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2015 and filed with the County Board of Taxation on January 10, 2015 in accordance with the requirements of N.J.S.A. 54:4-35, was in the amount of $ SIGNATURE OF TAX ASSESSOR BOROUGH OF SOMERVILLE MUNICIPALITY SOMERSET COUNTY Sheet 2

7 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT DECEMBER 31, 2014 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked with "C" -- Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Cash Change Fund $4,228, $4,229, State of New Jersey - Senior Citizens and Veterans $7, Taxes Receivable: 694, Current Year $670, Prior Year 23, Tax Title Liens Maintenance Liens Foreclosed Property 75, , , Interfunds: Federal and State Grant Fund Assessment Trust Fund Trust Other Fund Animal Control Trust Fund General Capital Fund Sewer Utility Operating Fund Appropriations Reserves Prepaid Taxes Tax Overpayments Encumbrances Payable 168, , , , , , , , , , Deferred Charge - Emergency Appropriation 40A: , Reserve for Library Surplus Reserve for Master Plan Reserve for Revaluation 14, , , Reserve for Sale of Municipal Assets 0.24 Special District Taxes Prepaid 0.02 Revenue Accounts Receivable 29, ,853, (Do not crowd - add additional sheets) Sheet 3

8 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS AT DECEMBER 31, 2014 Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked with "C" -- Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Reserve for Receivables Fund Balance 829, ,376, $5,060, $5,060, (Do not crowd - add additional sheets) Sheet 3a

9 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - SUMMARY CURRENT FUND AND STATE AND FEDERAL GRANTS AS AT DECEMBER 31, 2014 Title of Account Debit Credit Cash $4,229, Taxes Receivable Tax Title Liens Foreclosed Property Other Receivables State and Federal Grants Receivable Emergencies and Deferred Charges , , , , , , Total Assets $5,619, Cash Liabilities Reserve for Receivables Fund Balance $2,413, , ,376, Total Liabilities, Reserves and Fund Balance $5,619, (Do not crowd - add additional sheets) Sheet 3b

10 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS #1 AND #2* AS AT DECEMBER 31, 2014 Title of Account Debit Credit ACCOUNT # 2: DUE TRUST OTHER $23, RESERVE FOR PUBLIC ASSISTANCE $23, $23, $23, (Do not crowd - add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4

11 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2014 Title of Account Debit Credit FEDERAL AND STATE GRANTS RECEIVABLE DUE CURRENT FUND $390, , FEDERAL AND STATE GRANTS APPROPRIATED FEDERAL AND STATE GRANTS UNAPPROPRIATED $536, , $559, $559, (Do not crowd - add additional sheets) Sheet 5

12 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2014 Title of Account ANIMAL CONTROL TRUST FUND CASH DUE CURRENT FUND Debit $15, , Credit RESERVE FOR EXPENDITURES $17, $17, $17, ASSESSMENT TRUST FUND PROSPECTIVE ASSESSMENTS DUE CURRENT FUND $10, , DUE GENERAL CAPITAL FUND ASSESSMENT BONDS $153, , $163, $163, (Do not crowd - add additional sheets) Sheet 6

13 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2014 Title of Account Debit Credit TRUST OTHER FUND CASH $1,576, DUE PUBLIC ASSISTANCE TRUST FUND I $25, DUE GENERAL CAPITAL FUND 234, DUE SEWER UTILITY OPERATING FUND 223, DUE CURRENT FUND 42, ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE: CDBG OTHER - HUD 44, , RESERVE FOR: DISTRICT MANAGEMENT CORPORATION RECREATION STATE UNEMPLOYMENT TRUST FUND BUILDERS ESCROW TAX COLLECTOR'S REDEMPTIONS CDBG RECYCLING SECTION 8 HOUSING LAW ENFORCEMENT TRUST FUND MISCELLANEOUS DEPOSITS 288, , , , , , , , , $2,131, $2,131, (Do not crowd - add additional sheets) Sheet 6a

14 MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1997, C. 256 Municipal Public Defender Expended Prior Year 2013:... (1) $ x 25% (2) $ Municipal Public Defender Trust Cash Balance December 31, 2014:... (3) $ 7, 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) =... $ 6, 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: DENA FLYNN Signature: Certificate #: N-866 Date: Sheet 6b

15 Schedule of Trust Fund Deposits and Reserves Purpose Amount Receipts Expended Balance December 31, as at 2013 per December 31, Audit Report Police Donations $ 14, $ $ 14, Cable T.V. 27, , , , Youth Services Program 4, , Demolition Project 12, , Community Day Public Defenders Fee 2, , , Fire Safety 12, , , , Engineering Escrow 17, , , , Planning Board Escrow 27, , , , Performance Deposits 144, , , , Street Openings 31, , , POAA 9, , , , Snow Removal 14, , , , Environmental Commission 5, , Police Community Policing 1, , , , Sewer Escrow 7, , Reserve for Retirement 237, , , Hurricane Sandy Donations Credit Card Fee Accounts , , Payroll Agency 107, ,002, ,002, , Maintenance Reserve 3, , Police O/T 3, , Donations - Fire Museum Totals: $ 447, $ 2,479, $ 2,313, $ 613, Sheet 6c

16 ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Assessment Serial Bond Issues: x x x x x x x x Due Current Fund (169,970.55) (16,101.75) (153,868.80) Due Capital Fund 153, , Trust Surplus 16, , *Less Assets "Unfinanced" x x x x x x x x Audit RECEIPTS Title of Liability to which Cash Balance Assessments Current Assessments Balance and Investments are Pledged Dec. 31, 2013 and Liens Budget Miscellaneous Confirmed Disbursements Dec. 31, 2014 Sheet 7 Assessment Bond Anticipation Note Issues: x x x x x x x x Other Liabilities Cash Deficit Totals *Show as red figure

17 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS AT DECEMBER 31, 2014 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized Bonds and Notes Authorized but Not Issued CASH DEFERRED CHARGES TO FUTURE TAXATION - FUNDED DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED GRANTS RECEIVABLE DSA PAYABLE $417, x 1,214, ,735, ,110, ,192, x $417, , DUE TRUST OTHER FUND 234, DUE SEWER OPERATING FUND 55, DUE CURRENT FUND DUE ASSESSMENT TRUST FUND 182, , RESERVE FOR DEBT SERVICE SERIAL BONDS PAYABLE CONTRACTS PAYABLE BOND ANTICIPATION NOTES CAPITAL IMPROVEMENT FUND 351, ,735, , ,707, , IMPROVEMENT AUTHORIZATIONS: FUNDED UNFUNDED FUND BALANCE 75, ,327, , $25,061, $25,061, ANALYSIS OF ESTIMATED PROCEEDS: DEFERRED CHARGES UNFUNDED LESS: BOND ANTICIPATION NOTES $7,110, ,707, $402, ADD: CASH ON HAND 15, $417, (Do not crowd - add additional sheets) Sheet 8

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19 CASH RECONCILIATION DECEMBER 31, 2014 (cont'd.) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" FULTON BANK ACCOUNT NUMBER: $3,730, , , , , , , , , , ,182, , , , TD BANK , BANK OF AMERICA H.U.D. Section 8 Trust 68, $7,426, 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

20 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE 2014 Grant Balance Budget Received Unappropriated Canceled Balance Jan. 1, 2014 Revenue Applied Dec. 31, 2014 Realized Municipal Alliance Grant $14, $13, $6, $22, DOT Centers of Place Program 21, , Regional Center Challenge Grant 12 46, , , H.U.D. - Main Street Revitalization Clean Communities Program , , Historic Grant - County 75, , Hazardous Discharge Site Remediation Fund Landfill 127, , , NJ DOT Transit Village 57, , Highway Safety Safe Corridors 4, , Library ADA Compliant Grant 88, , , TOTALS $219, $578, $387, $19, $390, Sheet 10 Body Armor Replacement Fund 3, $3, Recycling Tonnage Grant 14, , Drunk Driving Enforcement Fund 3, , Somerville Landfill Green Seam 306, , Federal Bulletproof Vest Fund 1, ,725.05

21 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2014 Grant Balance Budget Appropriations Transfer of Expended Accounts Canceled Balance Jan. 1, 2014 Budget Appropriation Accounts Payable Dec. 31, 2014 By 40A:4-87 Payable Municipal Alliance Grant - County PY $7, $7, Municipal Alliance Grant - Local PY 1, , Municipal Alliance Grant County 12 1, , $ Municipal Alliance Grant Local 12 1, , Municipal Alliance Grant County Drunk Driving Enforcement Fund 14 $3, , Clean Communities Program 12 3, , Clean Communities Program 13 1, $8, , , DOT Centers of Place Program 9, , , Regional Center Partnership Grant 13 1, , Regional Center Partnership Grant 7, , Regional Center Partnership Fitness Grant Regional Center Partnership Grant 13 26, , Sheet 11 Municipal Alliance Grant Local 13 2, , Drunk Driving Enforcement Fund 2, ,033.80

22 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.) Transferred from 2014 Grant Balance Budget Appropriations Transfer of Expended Accounts Canceled Balance Jan. 1, 2014 Budget Appropriation Accounts Payable Dec. 31, 2014 By 40A:4-87 Payable Body Armor Replacement Fund $2, $2, Body Armor Replacement Fund 2, , $38.11 Recycling Tonnage Grant $14, $2, , RCPCG - Res Zone 2, , Federal Bulletproof Vest 1, , , , Highway Safety Safe Corridors Municipal Alliance Grant County 14 4, , Municipal Alliance Grant Local 14 1, , Municipal Alliance Grant County 14 9, , Municipal Alliance Grant Local 14 2, , Clean Communities Program 14 19, , Body Armor Replacement Fund 14 3, , Hazardous Discharge Site Remediation Fund Landfill 127, , Library ADA Compliant Grant 88, , , Totals $392, $252, $329, $158, $597, $536, Sheet 11a Historic Grant - County 13 $150, , Somerville Landfill Green Seam 86, $306, , NJ DOT Transit Village 230, ,000.00

23 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2014 Grant Balance Budget Appropriations Received Applied to Balance Jan. 1, 2014 Budget Appropriation Receivable Dec. 31, 2014 By 40A:4-87 Body Armor Replacement $3, $3, $3, $3, Federal Bulletproof Vest Program 1, , Recycling Tonnage Grant 14, , , , Federal Landfill Green Seam 2, , Totals $19, $23, $19, $23, Sheet 12

24 LOCAL DISTRICT SCHOOL TAX * Debit Credit Balance January 1, 2014 x School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) x x Levy School Year July 1, June 30, 2015 x Levy Calendar Year 2014 x $22,174, Paid $22,174, Balance December 31, 2014 x School Tax Payable # 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. $22,174, $22,174, MUNICIPAL OPEN SPACE TAX NOT APPLICABLE Debit Credit Balance January 1, x 2014 Levy x Interest Earned x Expended Balance December 31, Sheet 13

25 NOT APPLICABLE REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance January 1, 2014 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, June 30, 2015 Levy Calendar Year 2014 Paid Balance December 31, 2014 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, 2014 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) Levy School Year July 1, June 30, 2015 Levy Calendar Year 2014 Paid Balance December 31, 2014 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy ) # Must include unpaid requisitions. Sheet 14

26 COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2014 County Taxes Due County for Added and Omitted Taxes Levy: General County $3,811, County Library , County Health County Open Space Preservation 361, Due County for Added and Omitted Taxes , Paid $4,725, Balance December 31, 2014 County Taxes Due County for Added and Omitted Taxes SPECIAL DISTRICT TAXES $4,725, $4,725, Debit Credit Balance January 1, Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage District Management Corporation $474, Total 2014 Levy $474, Paid $474, Balance December 31, 2014 (Prepaid) (0.02) Footnote: Please state the number of districts in each instance. $474, $474, Sheet 15

27 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, RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID NOT APPLICABLE Debit Credit Balance January 1, State Library Aid Received in Expended Balance December 31, Sheet 16

28 STATEMENT OF GENERAL BUDGET REVENUES 2014 Source Excess or Budget Realized (Deficit) Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government $1,350, $1,350, Miscellaneous Revenue Anticipated Adopted Budget 3,877, ,054, $177, Added by N.J. S. 40A:4-87: (List on 17a) 329, , Total Miscellaneous Revenue Anticipated ,207, ,384, , Receipts from Delinquent Taxes , ,390, , Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes ,496, (b) Addition to Local District School Tax Total Amount to be Raised by Taxation ,496, ,803, ,307, $17,918, $19,928, $2,010, ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) $38,128, Amount to be Raised by Taxation Local District School Tax Regional School Tax Regional High School Tax County Taxes Due County for Added and Omitted Taxes Special District Taxes $22,174, ,724, , , Municipal Open Space Tax Reserve for Uncollected Taxes Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) * 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. Sheet 17 12,803, $40,178, ,050, $40,178,729.93

29 STATEMENT OF GENERAL BUDGET REVENUES 2014 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87 Source Budget Realized Excess or Deficit Clean Communities Program $19, $19, Municipal Alliance on Alcoholism & Drug Abuse 4, , Somerville Landfill Green Seam 306, , Total To Sheet 17 $329, $329, 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 awards 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

30 STATEMENT OF GENERAL BUDGET APPROPRIATIONS Budget as Adopted $17,589, Budget - Added by N.J.S. 40A: , Appropriated for 2014 (Budget Statement Item 9) ,918, Appropriated for 2014 by Emergency Appropriation (Budget Statement Item 9) , Total General Appropriations (Budget Statement Item 9) ,920, Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures ,920, Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] $14,928, Paid or Charged - Reserve for Uncollected Taxes ,050, Reserved , Total Expenditures ,901, Unexpended Balances Canceled (see footnote) $18, 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) 2014 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

31 RESULTS OF 2014 OPERATION CURRENT FUND Debit Credit Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated $177, Delinquent Tax Collections , Required Collection of Current Taxes ,307, Unexpended Balances of 2014 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 Maintenance Lien 1, Unexpended Balances of 2013 Approp. Reserves , Prior Years Interfunds Returned in , Maintenance Lien Tax overpayments Cancelled Accounts Payable Cancelled 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 Refund of Prior Years Revenue 5, Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21) ,261, $2,267, $2,267, Sheet 19

32 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized ADMINISTRATIVE FEE SENIOR CITIZENS AND VETERANS $1, TAX COLLECTOR 39, MISCELLANEOUS 61, Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $102, Sheet 20

33 SURPLUS - CURRENT FUND YEAR 2014 Debit Credit 1. Balance January 1, Excess Resulting from 2014 Operations Amount Appropriated in the 2014 Budget - Cash Amount Appropriated in 2014 Budget - with Prior Written Consent of Director of Local Government Services Balance December 31, $1,350, ,376, $3,726, $1,465, ,261, $3,726, ANALYSIS OF BALANCE DECEMBER 31, 2014 (FROM CURRENT FUND - TRIAL BALANCE) Cash $4,229, Investments Sub-Total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus ,229, ,853, ,375, Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of N.J. Senior Citizens and Veterans Deduction Deferred Charges # $1, 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 NON-CASH SURPLUS IN 2014 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. 1, $2,376, 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

34 (FOR MUNICIPALITIES ONLY) CURRENT TAXES LEVY 1. Amount of Levy as per Duplicate (Analysis)# $ 38,396, or (Abstract of Ratables) $ 2. Amount of Levy Special District Taxes $ 474, Amount Levied for Omitted Taxes under N.J.S.A. 54: et seq $ 4. Amount Levied for Added Taxes under $ 9, N.J.S.A. 54: et seq. 5a. Subtotal 2014 Levy $ 38,880, b. Reductions due to tax appeals** $ 5c. Total 2014 Levy $ 38,880, Transferred to Tax Title Liens $ 65, Transferred to Foreclosed Property $ 8. Remitted, Abated or Canceled $ 16, Discount Allowed $ 10. Collected in Cash: In $ 174, In 2014 * $ 37,885, State's Share of 2014 Senior Citizens and Veteran's Deductions Allowed $ 68, R.E.A.P. Revenue $ Total to Line $ 38,128, Total Credits $ 38,210, Amount Outstanding December 31, $ 670, Percentage of Cash Collections to Total 2014 Levy, (Item 10 divided by Item 5) is 98.06% 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 $ 38,128, Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ To Current Taxes Realized in Cash (Sheet 17) $ 38,128, 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 2013 collections. ** Tax appeals pursuant to RS 54:48-1 et seq approved by resolution governing body prior to introduction of municipal budget. Sheet 22

35 ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99 To Calculate Underlying Tax Collection Rate For 2014 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 2014 Tax Levy... $ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is... NOT APPLICABLE (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 2014 Tax Levy... $ Percentage of Collection Excluding Accelerated Tax Levy Sale Proceeds (Net Cash Collected divided by Item 5c) is... Sheet 22a

36 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance January 1, 2014 x x Due From State of New Jersey x Due To State of New Jersey x $7, Sr. Citizens Deductions Per Tax Billings $10, x 3. Veterans Deductions Per Tax Billings 57, 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 2013 Taxes x x Received in Cash from State x 67, Balance December 31, 2014 x x Due From State of New Jersey x Due To State of New Jersey 7, x $75, $75, Calculation of Amount to be included on Sheet 22, Item Senior Citizens and Veterans Deductions Allowed Line 2 $10, Line 3 57, Line Sub-Total 68, Less: Line 7 To Item 10, Sheet 22 $68, Sheet 23

37 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING - N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27) Debit Credit Balance January 1, 2014 x Taxes Pending Appeals x x Interest Earned on Taxes Pending Appeals Contested Amount of 2014 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) x x x Interest Earned on Taxes Pending State Appeals x 2014 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, 2014 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

38 COMPUTATION OF APPROPRIATIONS: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2015 MUNICIPAL BUDGET 1. Total General Appropriations for 2015 Municipal Budget Statement item 8 (L) (Exclusive of Reserve for Uncollected Taxes) Local District School Tax - Actual School Budget Estimate ** YEAR YEAR $22,174, 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 * Actual Special District/ Open Space Taxes Estimate * ,724, , Total General Appropriations & Other Taxes Less: Total Anticipated Revenues from 2015 in Municipal Budget (Item 5) Cash Required from 2015 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, 2015 (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 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) Item 12 - Appropriation: Reserve for Uncollected Taxes may never exceed the total of Items 1 Sub-Total and 12. Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget Sheet 25

39 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 2013, 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 % ( (2014 Estimated Total Levy Total Levy) / 2013 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) 2014 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

40 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance, January 1, 2014 $1,412, A. Taxes $778, 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: $4, 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: 1,412, ,408, $1,408, ,412, ,390, A. Taxes , B. Tax Title Liens , Interest and Costs Tax Sale Taxes Transferred to Liens Taxes Balance December 31, , , , , A. Taxes , B. Tax Title Liens , Totals $2,160, $2,160, Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 98.69% 17. Item No. 14 multiplied by percentage shown above is $759, 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

41 SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit 1. Balance, January 1, $28, 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, $28, $28, $28, 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 2014 Budget To Results of Operations (Sheet 19) Sheet 27

42 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, 2013 Amount in Resulting Balance per Audit 2014 from as at Report Budget 2014 Dec. 31, Emergency Authorizations - Municipal* $ $ $ $ 2. Emergency Authorizations - 40A: 4-87 $ $ $ 1, $ 1, Overexp. of Appropriations Reserves $ 11, $ 11, $ $ 4. Overexpenditure of Appropriations $ $ $ $ 5. $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ 8. $ $ $ $ 9. $ $ $ $ 10. $ $ $ $ *Do not include items funded or refunded as listed below. 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 NOT APPLICABLE Date Purpose Amount 1. $ 2. $ 3. $ 4. $ 5. $ JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED NOT APPLICABLE Appropriated For In Budget In favor of On Account of Date Entered Amount of $ $ 2. $ $ 3. $ $ Sheet 28

43 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. Totals $220, $44, $44, $44, 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, 2014" must be entered here and then raised in the 2015 budget. Date Purpose Amount Not Less Than Balance REDUCED IN 2014 Balance Authorized 1/5 of Amount Dec. 31, 2013 By 2014 Canceled Dec. 31, 2014 Authorized* Budget by Resolution 9/23/2012 REVALUATION $220, $44, $44, $44, Sheet 29

44 N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A: , ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing in full compliance with N.J.S. 40A: et seq. and N.J.S. 40A: et seq. and are Chief Financial Officer * Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2014" must be entered here and then raised in the 2015 budget. Date Purpose Amount Not Less Than Balance REDUCED IN 2014 Balance Authorized 1/5 of Amount Dec. 31, 2013 By 2014 Canceled Dec. 31, 2014 Authorized* Budget by Resolution NOT APPLICABLE Sheet 30 Totals recorded on this page.

45 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR BONDS (MUNICIPAL) GENERAL CAPITAL BONDS Debit Credit 2014 Debt Service Outstanding January 1, 2014 Issued $16,390, Paid $1,655, Outstanding, December 31, ,735, $16,390, $16,390, Bond Maturities - General Capital Bonds $ 1,765, Interest on Bonds* $ 460, ASSESSMENT SERIAL BONDS Outstanding January 1, $15, Issued Paid $5, Outstanding, December 31, , $15, $15, Bond Maturities - Assessment Bonds $ 5, Interest on Bonds* $ Total "Interest on Bonds - Debt Service" (*Items) $ 461, NOT APPLICABLE LIST OF BONDS ISSUED DURING 2014 Purpose 2015 Maturity Amount Issued Date of Issue Interest Rate Total Sheet 31

46 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR LOANS (MUNICIPAL) LOAN NOT APPLICABLE Outstanding January 1, 2014 Issued Paid Debit Credit 2014 Debt Service Outstanding, December 31, Loan Maturities 2015 Interest on Loans $ $ Total 2015 Debt Service for Loan $ LOANS Outstanding January 1, 2014 Issued Paid Outstanding, December 31, Loan Maturities 2015 Interest on Loans $ $ Total 2015 Debt Service for Loan $ LIST OF LOANS ISSUED DURING 2014 Date of Interest Purpose 2015 Maturity Amount Issued Issue Rate NOT APPLICABLE Total Sheet 31a

47 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR BONDS NOT APPLICABLE TYPE I SCHOOL TERM BONDS Debit Credit 2015 Debt Service Outstanding January 1, Paid Outstanding, December 31, Bond Maturities - Term Bonds $ 2015 Interest on Bonds* $ TYPE I SCHOOL SERIAL BONDS Outstanding January 1, Issued Paid Outstanding, December 31, Interest on Bonds* $ 2015 Bond Maturities - Serial Bonds $ Total "Interest on Bonds - Type I School Debt Service" (*Items) $ LIST OF BONDS ISSUED DURING Maturity Amount Issued Date of Interest Purpose Issue Rate Total INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding 2015 Dec. 31, 2014 Interest Requirement 1. Emergency Notes $ $ 2. Special Emergency Notes $ $ Tax Anticipation Notes $ $ 4. Interest on Unpaid State and County Taxes $ $ 5. $ $ 6. $ $ Sheet 32

48 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Sheet 33 Title or Purpose of Issue Amount Original Original of Note Date Rate 2015 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue * Dec. 31, 2014 Maturity Interest ** (Insert Date) 1. Ord Various Improvements $96, /10/11 $96, /4/ % $2, $ /4/15 2. Ord Various Improvements 260, /10/11 260, /4/ % 9, , /4/15 3. Ord Various Improvements 425, /10/11 425, /4/ % 9, , /4/15 4. Ord Various Redevelopment Projects 195, /10/11 195, /4/ % 6, , /4/15 5. Ord Various Improvements 143, /10/11 143, /4/ % 4, , /4/15 6. Ord Various Redevelopment Projects 471, /10/11 471, /4/ % 16, , /4/15 7. Ord Various Improvements 502, /5/10 502, /4/ % 12, , /4/15 8. Ord Various Improvements 215, /5/10 215, /4/ % 11, , /4/15 9. Ord Various Improvements 214, /5/10 214, /4/ % 5, , /4/ Ord Parking Lot Improvements 140, /24/12 140, /4/ % 5, , /4/ Ord Various Improvements 685, /24/12 685, /4/ % 20, , /4/ Ord Various Improvements 650, /24/12 650, /4/ % 18, , /4/ Ord Capital Grant Saker Shoprite 230, /6/13 230, /4/ % 1, /4/ Ord Site remediation at landfill 100, /6/13 100, /4/ % /4/ Ord Various Redevelopment Projects 76, /6/13 76, /4/ % /4/ Ord Various Improvements General Capital 493, /5/14 493, /4/ % 3, /4/ Ord Various Redevelopment Projects 95, /5/14 95, /4/ % /4/15 Total Memo: Designate all "Capital Notes" Issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. Memo: Type I 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 2012 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2015 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)

49 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) 1. Ord Various Improvements $30, /14/14 $30, /4/ % $ /4/15 2. Ord Various Improvements 20, /14/14 20, /4/ % /4/15 3. Ord Various Improvements 20, /14/14 20, /4/ % /4/15 4. Ord Parking Lot Improvements 60, /14/14 60, /4/ % /4/15 5. Ord Site remediation at landfill 20, /14/14 20, /4/ % /4/15 6. Ord Various Improvements 220, /14/14 220, /4/ % 1, /4/15 7. Ord Various Improvements General Capital 20, /14/14 20, /4/ % /4/ Ord Various Improvements 630, /14/14 630, /4/ % 3, /4/ Ord Prelim. Expenditures Parking Garage 300, /14/14 300, /4/ % 1, /4/15 Total 6,707, ,707, , , **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) Title or Purpose of Issue Amount Original Original of Note Date Rate 2015 Budget Requirement Interest Amount Date of Outstanding of of For Principal For Interest Computed to Issued Issue * Dec. 31, 2014 Maturity Interest ** (Insert Date) Sheet 33a 8. Ord Various Improvements 220, /14/14 220, /4/ % 1, /4/15 9. Ord Various Redevelopment Projects 114, /14/14 114, /4/ % /4/ Ord Various Redevelopment Projects 60, /14/14 60, /4/ % /4/ Memo: Designate all "Capital Notes" Issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. Memo: Type I 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 2012 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2015 or written intent of permanent financing submitted with statement.