ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED)

ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017 (UNAUDITED) POPULATION LAST CENSUS 39,776 NET VALUATION TAXABLE 2017 5,021,485,602 MUNICODE 0260 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES JANUARY 26, 2018 MUNICIPALITIES - FEBRUARY 10, 2018 ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICE Township of Teaneck County of Bergen 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 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature: Title: Daniel DiGangi Auditor (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, 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 Michael Mariniello am the Chief Financial Officer, License #N0235, of the Township of Teaneck, County of Bergen 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, 2017, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, 2017. Prepared by Chief Financial Officer: No Signature Title Address Phone Number Email Michael Mariniello 818 Teaneck Road Teaneck, New Jersey 07666 mmariniello@teanecknj.gov 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. Page 1 of 76

THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only) I have prepared the post-closing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the Township Of Teaneck as of December 31, 2017 and have applied certain agreed-upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended. Because the agreed-upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post-closing trial balances, related statements and analyses. In connection with the agreed-upon procedures no matters came to my attention that caused me to believe that the Annual Financial Statement for the year end December 31, 2017 is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures, or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole. Listing of agreed-upon procedures not performed and/or matters coming to my attention of which the Director should be informed: Certified by me 2/23/2018 Daniel DiGangi Registered Municipal Accountant Bowman & Company LLP Firm Name 601 White Horse Road Voorhees, NJ 08043 Address 856-782-2891 Phone Number ddigangi@bowmanllp.com Email Page 2 of 76

MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination. 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 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 municipality will not apply for Transitional Aid for 2018. The undersigned certifies that this municipality has compiled 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. 5:30-7.5. Municipality: Teaneck Chief Financial Officer: Michael Mariniello Signature: Michael Mariniello Certificate #: Date: 2/23/2018 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. 5:30-7.5. Municipality: Chief Financial Officer: Signature: Certificate #: Date: Teaneck Page 3 of 76

22-6002336 Fed I.D. # Teaneck Municipality Bergen County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2017 (1) (2) (3) Federal Programs Expended (administered by the State) State Programs Expended Other Federal Programs Expended Total $213,538.00 $363,957.91 $ Type of Audit required by OMB Uniform Guidance and N.J. Circular 15-08-OMB: Financial Statement Audit Performed in Accordance with Government Auditing Standards (Yellow Book) Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB Uniform Guidance and N.J. Circular 15-08 OMB. The single audit threshold has been increased to $750,000 beginning with fiscal year starting 1/1/2015. (1) Report expenditures from federal pass-through programs received directly from state governments. 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 governments. Michael Mariniello 2/23/2018 Signature of Chief Financial Officer Date Page 4 of 76

IMPORTANT! READ INSTRUCTIONS INSTRUCTION The following certification is to be used ONLY in the event there is NO municipality 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 Township of Teaneck, County of Bergen during the year 2017. I have therefore removed from this statement the sheets pertaining only to utilities Signature: Name: Title: Michael Mariniello Michael Mariniello (This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2018 and filed with the County Board of Taxation on January 10, 2018 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $5,040,468,988 James Tighe SIGNATURE OF TAX ASSESSOR Teaneck MUNICIPALITY Bergen COUNTY Page 5 of 76

NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS OF DECEMBER 31, 2017 Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" - Taxes Receivable Must Be Subtotaled Title of Account Debit Credit Receivables with Full Reserves Sewer Rents Receivable 32,622.65 Revenue Accounts Receivable 50,202.77 Delinquent Taxes 989,328.05 Tax Title Liens 7,859.79 Property Acquired by Taxes 263,167.00 Contract Sales Receivable Mortgage Sales Receivable Subtotal Receivables with Full Reserves 1,343,180.26 0.00 Cash Liabilities Tax Overpayments 998,264.18 Prepaid Taxes 15,310,057.57 Due to State of New Jersey -- Marriage Licenses 1,425.00 Due to State of New Jersey -- State Training Fees 10,819.00 Accounts Payable 1,480.00 Due to Open Trust Fund 156,545.88 Due to Trust Other Fund 998,381.41 Due to Animal Control Fund 16,611.20 Prepaid Tax Sale Deposits 11,000.00 Reserve for Encumbrances 1,432,557.20 Contracts Payable 38,750.00 Appropriation Reserves 2,621,496.71 Due to State of New Jersey - Senior Citizens & Veterans 0.69 Deductions Local District School Tax Payable 9,761,919.60 Regional School Tax Payable Regional High School Tax Payable County Taxes Payable Due County for Added and Omitted Taxes 54,547.21 Special District Taxes Payable 0.00 State Library Aid 86,193.82 Subtotal Cash Liabilities 0.00 31,500,049.47 Current Fund Total Cash 37,497,352.71 Investments Due from State of NJ - Senior Citizens & Veterans 0.00 Deductions Deferred Charges 142,494.00 Deferred School Taxes Reserve for Receivables 1,343,180.26 School Taxes Deferred Fund Balance 6,139,797.24 Total 38,983,026.97 38,983,026.97 Page 6 of 76

POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 and #2* AS OF DECEMBER 31, 2017 Title of Account Debit Credit Reserve for Encumbrance 300.00 Reserve for Public Assistance 3,966.80 Cash Public Assistance #1 4,266.80 Cash Public Assistance #2 Total 4,266.80 4,266.80 Page 7 of 76

POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS OF DECEMBER 31, 2017 Title of Account Debit Credit Reserve for Encumbrance 3,668.07 Contracts Payable 100,000.00 Cash 689,011.58 Federal and State Grants Receivable 111,131.05 Appropriated Reserves for Federal and State Grants 457,031.17 Unappropriated Reserves for Federal and State Grants 239,443.39 800,142.63 800,142.63 Page 8 of 76

POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must be Separately Stated) AS OF DECEMBER 31, 2017 Title of Account Debit Credit Trust Assessment Fund Cash Deferred Charges Assessment Bonds Assessment Notes Fund Balance Total Trust Assessment Fund Animal Control Fund Due from Current Fund 16,611.20 Due to State of New Jersey 4.80 Reserve for: Animal Control License 36,632.24 Cash 20,025.84 Deferred Charges Total Animal Control Fund 36,637.04 36,637.04 Trust Other Fund Due Current Fund 998,381.41 Due General Capital Fund 2,149,371.26 Receivables: Police Outside Services 335,250.91 Reserve for: Various Reserves 4,840,657.42 Cash 1,357,653.84 Deferred Charges Total 4,840,657.42 4,840,657.42 Municipal Open Space Trust Fund Due from Current Fund 156,545.88 Contracts Payable 166,938.64 Reserve for Open Space 1,198,710.20 Reserve for Encumbrances 3,940.00 Cash 1,213,042.96 Total Municipal Open Space Trust Fund 1,369,588.84 1,369,588.84 Page 9 of 76

MUNICIPAL PUBLIC DEFENDER CERTIFICATION Public Law 1998, C. 256 Municipal Public Defender Expended Prior Year 2016: (1) $ X % (2) $0.00 Municipal Public Defender Trust Cash Balance December 31, 2017: (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 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. 08625). Amount in excess of the amount expended: 3 - (1 +2) = $ 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: Michael Mariniello Signature: Michael Mariniello Certificate #: Date: 2/23/2018 Page 10 of 76

SCHEDULE OF TRUST FUND RESERVES Purpose Amount Dec. 31, 2016 Per Audit Report Receipts Disbursements Balance as of Dec. 31, 2017 See Attachment: Sheet 6b1 $5,468,823.48 $50,993,726.21 51,621,892.27 $4,840,657.42 Totals $5,468,823.48 $50,993,726.21 $51,621,892.27 $4,840,657.42 Page 11 of 76

TOWNSHIP OF TEANECK TRUST - OTHER FUND Statement of Trust Other Reserves For the Year Ended December 31, 2017 Increased Decreased Balance Accounts Contracts Reserve for Reserve for Balance Reserve Dec.31.2016 Receipts Receivable Payable Encumbrances Disbursements Encumbrances Dec.31.2017 Reserve for Premiums Received at Tax Sale $ 1,962,200.00 $ 2,019,500.00 $ 5,000.00 $ 2,841,300.00 $ 12,300.00 $ 1,133,100.00 Reserve for Tax Title Lien Redemptions 9,329.06 2,267,101.97 13,656.73 2,256,253.89 3,330.15 30,503.72 Reserve for Bail Void Checks (Unclaimed Bail) 4,494.50 4,494.50 Reserve for Police Outside Services 161,515.32 653,229.29 $ 335,250.91 1,024,271.38 125,724.14 Reserve for Street Opening and Other Deposits 1,049,749.84 36,862.00 3,388.50 24,616.25 3, 114.50 1,062,269.59 Reserve for POAA 30,737.90 5,050.00 1,268.00 34,519.90 Reserve for Dedicated Fire Penalties 16,869.64 100.00 16,969.64 Reserve for Elevator Inspections 1,311.00 38,548.00 833.00 28,228.00 12,464.00 Reserve for Storm Recovery 399,484.08 14,370.00 9,700.00 404, 154.08 Reserve for Donations Historical Burial Grounds 25,844.00 25,844.00 Reserve for Accumulated Absences 78,587.93 1,000.00 79, 137.16 450.77 cj'> Reserve for Recycling 238,550.05 62,564.15 4,820.00 36,947.84 8,271.16 260,715.20! Reserve for Gifts and Donations 125,860.45 61,549.50 3,531.68 29,604.34 17,729.85 143,607.44 -r- Reserve for Zoning Escrow Deposits 105,120.65 18,143.75 10,955.68 34,619.29 19,253.68 80,347.11 ~ Reserve for Forfeited Property - Special Law Enforcement 224,526.65 113,684.67 $ 53,132.24 30,080.62 104,000.68 5,761.73 311,661.77 - Reserve for Cedar Lane Special Improvement District 119,939.87 176,626.00 174,436.83 122,129.04 Reserve for Self Insurance (Commission) 1,228.94 139,081.65 6,765.26 117,742.00 27,548.66 1,785.19 Reserve for Workers Compensation 41,834.31 1, 162,000.00 24,553.03 1,218,454.50 9,695.31 237.53 Reserve for Unemployment Compensation 2,128.43 55,747.99 10.24 32,915.02 24,971.64 Reserve for Affordable Housing (HYATT) 293,025.44 9,156.81 302,182.25 Reserve for COAH Fees 71,059.23 71,059.23 Reserve for Bid Deposits 500.00 500.00 Reserve for Green Acres 22,602.50 16, 100.00 35,777.00 2,834.00 91.50 Reserve for Encumbrances 103,594.74 (103,594.74) (120,807.04) 120,807.04 Payroll Deductions Payable 325,596.71 22,364,480.68 22, 140,009.25 550,068.14 Contracts Payable 53,132.24 (53, 132.24) Net Payroll 21,443,578.84 21,443,578.84 $ 5,468,823.48 $ 50,658,475.30 $ 335,250.91 $ 51,621,892.27 $ 4,840,657.42

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues Audit Balance Dec. 31, 2016 Assessments and Liens Receipts Current Budget Other Disbursements Balance Dec. 31, 2017 Assessment Bond Anticipation Note Issues Other Liabilities Trust Surplus Trust Surplus 0.00 Less Assets Unfinanced Totals 0.00 0.00 0.00 0.00 0.00 Page 12 of 76

POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS OF DECEMBER 31, 2017 Title of Account Debit Credit Est. Proceeds Bonds and Notes Authorized 17,369,473.04 Bonds and Notes Authorized but Not Issued 17,369,473.04 Deferred Charges to Future Taxation -- Funded 14,566,533.84 Deferred Charges to Future Taxation -- Unfunded 28,474,473.04 Due from NJDOT 120,832.50 Due From CDBG 59,034.83 Due Trust Other Fund 2,149,371.26 Contracts Payable 4,372,533.22 Reserve for Encumbrances 906,748.13 BCIA Lease Payable 86,012.21 Cash 207,089.67 Deferred Charges General Capital Bonds 14,200,000.00 Assessment Serial Bonds Bond Anticipation Notes 11,105,000.00 Assessment Notes Loans Payable Loans Payable 120,521.63 Improvement Authorizations - Funded 1,269,682.02 Improvement Authorizations - Unfunded 8,796,893.31 Capital Improvement Fund 198,512.07 Down Payments on Improvements 0.00 Capital Surplus 62,690.03 Special Improvement District Loan 160,000.00 Total 60,797,436.92 60,797,436.92 Page 13 of 76

CASH RECONCILIATION DECEMBER 31, 2017 Cash Less Checks Cash Book Balance On Hand On Deposit Outstanding Current 4,193,563.95 33,997,404.31 693,615.55 37,497,352.71 Public Assistance #1** 4,266.80 4,266.80 Public Assistance #2** 0.00 Federal and State Grant Fund 689,011.58 689,011.58 Trust - Assessment 0.00 Trust - Dog License 20,025.84 20,025.84 Trust - Other 46,970.26 1,507,075.72 196,392.14 1,357,653.84 Municipal Open Space Trust Fund 1,213,042.96 1,213,042.96 Capital - General 207,089.67 207,089.67 Total 4,240,534.21 37,637,916.88 890,007.69 40,988,443.40 * - Include Deposits In Transit ** - Be sure to include a Public Assistance 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, 2017. 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, 2017. All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Daniel DiGangi Title: Auditor Page 14 of 76

CASH RECONCILIATION DECEMBER 31, 2017 (CONT'D) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Bank Amount Bank of America: Current Fund -- General 28,329,790.00 Bank of America: Current Fund -- General 2,837.60 Bank of America: Current Fund -- Petty Cash 1,800.00 Bank of America: Animal Control Fund 20,025.84 Bank of America: Trust Other Fund -- Payroll 135,875.23 Bank of America: Trust Other Fund -- Payroll Agency 608,591.93 Bank of America: Trust Other Fund 215.94 Bank of America: Trust Other Fund 18,950.00 Bank of America: Trust Other Fund -- Escrow 316,491.10 Bank of America: Public Assistance Trust Fund 4,266.80 Bank of America: General Capital Fund 196,939.92 Bank of America: General Capital Fund 10,149.75 New Jersey Cash Management: Current Fund -- General 4,729.89 New Jersey Cash Management: Trust Other Fund 29,152.55 PNC Bank: Trust Other Fund -- COAH 71,066.32 Bogota Savings Bank: Current Fund -- General 346,539.28 Bogota Savings Bank: Trust Other Fund 290,000.00 Valley National Bank: Trust Other Fund -- Workers Compensation 28,132.65 Valley National Bank: Trust Other Fund -- General Liability 8,600.00 Lakeland Bank: Open Space Trust Fund 1,213,042.96 Lakeland Bank: Current Fund -- General 3,000,719.12 Lakeland Bank: Current Fund -- General 1,000,000.00 Lakeland Bank: Current Fund -- General 1,000,000.00 Lakeland Bank: Current Fund -- General 1,000,000.00 Total 37,637,916.88 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. Page 15 of 76

MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Grant Balance Jan. 1, 2017 2017 Budget Balance Dec. 31, Received Canceled Other Revenue Realized 2017 See Attachment: Sheet 10A 130,939.13 239,443.39 259,251.47 111,131.05 Total 130,939.13 239,443.39 259,251.47 0.00 111,131.05 Other Grant Receivable Description Page 16 of 76

TOWNSHIP OF TEANECK FEDERAL AND STATE GRANT FUND Statement of Federal and State Grants Receivable For the Year Ended December 31, 2017 Balance Balance Dec. 31,2016 Accrued Received Dec. 31, 2017 Program: Federal Grants: CDBG Road Grants $ 100,000.00 $ 100,000.00 Distracted Dirving Grant $ 5,500.00 $ 5,500.00 Click it or Ticket Grant 5,500.00 5,500.00 Total Federal Grants 100,000.00 11,000.00 11,000.00 100,000.00 State Grants: Drunk Driving Enforcement Fund 5,712.05 5,712.05 Pedestrian Safety & Education Grant 4,800.00 11,200.00 16,000.00 Body Armor Replacement 8,052.44 8,052.44 Sustainable Land Use Panning 5,250.00 5,250.00 Municipal Alliance on Alcohol and Drug Abuse: Teaneck Against Substance Abuse 16,088.61 15,008.08 1,080.53 Recycling Tonnage Grant 89,002.60 89,002.60 Clean Communities Grant 68,537.24 68,537.24 Alcohol Education and Rehabilitation Grant 579.06 579.06 NJLM Education Foundation 4,500.00 4,500.00 Green Communities Grant 300.52 300.52 NJ Environmental Commision Grant 1,000.00 1,000.00 Community Resources Garden Grant 42,500.00 42,500.00 Stigma Free Alliance 1,860.00 1,860.00 Total State Grants 30,939.13 228,443.39 248,251.47 11, 131.05 $ 130,939.13 $ 239,443.39 $ 259,251.47 $ 111,131.05

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31 Grant Expended Cancelled Other 2017 Appropriation By 2017 Budget 40A:4-87 See Attachment: Sheet 11A 330,006.74 153,877.72 26,853.29 457,031.17 Total 330,006.74 153,877.72 0.00 26,853.29 0.00 457,031.17 Other Grant Receivable Description Page 17 of 76

TOWNSHIP OF TEANECK FEDERAL AND STATE GRANT FUND Statement of Reserve for Federal and State Grants Appropriated For the Year Ended December 31, 2017 Transferred from Balance 2017 Budget Balance Dec. 31.2016 81;!(;irogriatjon Degr~ased Dec.31,2017 Program: Federal Grants: NJ Emergency Management Assistance $ 20,000.00 $ 20,000.00 FEMA - Assistance to Firefighters 41,856.82 41,856.82 FEMA - Assistance to Firefighters Match 9,895.00 9,895.00 Emergency Management Grant 5,000.00 5,000.00 COPS in Shops 2,982.40 2,982.40 Drive Sober or Get Pulled Over $ 9,800.00 9,800.00 Click it or Ticket Grant 4,000.00 5,000.00 9,000.00 Total--Federal Grants 83,734.22 14,800.00 98,534.22 State Grants: Drunk Driving Enforcement Fund 14,275.89 10,972.30 $ 4,135.00 21.113.19 Pedestrian Safety & Education Grant 17,800.00 17,800.00 Body Armor Replacement 7,798.07 7,798.07 Sustainable Land Use Panning 250.00 250.00 Green Communities Grant 1,500.00 1,500.00 Municipal Alliance on Alcohol and Drug Abuse: Teaneck Against Substance Abuse 20,881.87 14,920.22 5,961.65 Recycling Tonnage Grant 119,340.96 38,727.34 158,068.30 Clean Communities Grant 70,563.00 80,673.54 151,236.54 Alcohol Education and Rehabilitation Grant 1,060.80 906.47 1,967.27 NJLM Education Foundation 600.00 600.00 Total--State Grants 246,272.52 139,077.72 26,853.29 358,496.95 Total--All Grants $ 330,006.74 $ 153,877.72 $ 26,853.29 $ 457,031.17 Disbursed $ 23,185.22 Encumbered 3,668.07 $ 26,853.29

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred from 2017 Budget Balance Jan. 1, Appropriations Balance Dec. 31, Grant Receipts Grants Receivable Other 2017 Appropriation By 2017 Budget 40A:4-87 See Attachment: Sheet 12A 153,877.72 153,877.72 239,443.39 239,443.39 Total 153,877.72 153,877.72 0.00 239,443.39 0.00 239,443.39 Other Grant Receivable Description Page 18 of 76

TOWNSHIP OF TEANECK FEDERALANDSTATEGRANTFUND Statement of Reserve for Federal and State Grants Unappropriated For the Year Ended December 31, 2017 Realized as Balance Grants Miscellaneous Balance Dec. 31. 2016 Regeiv!blsi Bsivsinusi Q.ec. 31. 2017 Program: Federal Grants: Drive Sober or Get Pulled Over $ 9,800.00 $ 9,800.00 Distracted Driving Grant $ 5,500.00 $ 5,500.00 Click it or Ticket Grant 5,000.00 5,500.00 5,000.00 5,500.00 Total-Federal Grants 14,800.00 11,000.00 14,800.00 11,000.00 State Grants: Drunk Driving Enforcement Fund 10,972.30 5,712.05 10,972.30 5,712.05 Pedestrian Safety & Education Grant 11,200.00 11,200.00 Body Armor Replacement 7,798.07 8,052.44 7,798.07 8,052.44 Recycling Tonnage Grant 38,727.34 89,002.60 38,727.34 89,002.60 Clean Communities Grant 80,673.54 68,537.24 80,673.54 68,537.24 Alcohol Education and Rehabilitation Grant 906.47 579.06 906.47 579.06 NJ Environmental Commision Grant 1,000.00 1,000.00 Community Resources Garden Grant 42,500.00 42,500.00 Stigma Free Alliance 1,860.00 1,860.00 Total--State Grants 139,077.72 228,443.39 139,077.72 228,443.39 Total--All Grants $ 153,877.72 $ 239,443.39 $ 153,877.72 $ 239,443.39 Sheet 1?.o.

LOCAL DISTRICT SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable # 85001-00 7,638,221.60 School Tax Deferred (Not in excess of 50% of Levy - 2016-2017) 85002-00 Prepaid Beginning Balance Levy School Year July 1, 2017- June 30, 2018 Levy Calendar Year 2017 88,655,985.00 Paid 86,532,287.00 Balance December 31, 2017 School Tax Payable # 85003-00 9,761,919.60 School Tax Deferred (Not in excess of 50% of Levy - 2017-2018) 85004-00 0.00 Prepaid Ending Balance Total 96,294,206.60 96,294,206.60 Amount Deferred at during year * Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local schools # Must include unpaid requisitions MUNICIPAL OPEN SPACE TAX Debit Credit Balance January 1, 2017 2017 Levy 85105-00 502,140.00 Added and Omitted Levy 1,986.13 Interest Earned Expenditures 504,126.13 Balance December 31, 2017 85046-00 0.00 Total 504,126.13 504,126.13 Page 19 of 76

REGIONAL SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable 85031-00 School Tax Deferred (Not in excess of 50% of Levy - 2016-2017) 85032-00 Prepaid Beginning Balance Levy School Year July 1, 2017- June 30, 2018 Levy Calendar Year 2017 Paid Balance December 31, 2017 School Tax Payable 85033-00 0.00 School Tax Deferred (Not in excess of 50% of Levy - 2017-2018) 85034-00 0.00 Prepaid Ending Balance Total 0.00 0.00 Amount Deferred at during Year # Must include unpaid requisitions REGIONAL HIGH SCHOOL TAX Debit Credit Balance January 1, 2017 School Tax Payable 85041-00 School Tax Deferred (Not in excess of 50% of Levy - 2016-2017 ) 85042-00 Prepaid Beginning Balance Levy School Year July 1, 2017- June 30, 2018 Levy Calendar Year 2017 Paid Balance December 31, 2017 School Tax Payable 85043-00 0.00 School Tax Deferred (Not in excess of 50% of Levy - 2017-2018) 85044-00 0.00 Prepaid Ending Balance Total 0.00 0.00 Amount Deferred at during year # Must include unpaid requisitions Page 20 of 76

COUNTY TAXES PAYABLE Debit Credit Balance January 1, 2017 County Taxes 80003-01 Due County for Added and Omitted Taxes 80003-02 53,972.36 2017Levy General County 80003-03 13,249,465.20 County Library 80003-04 County Health County Open Space Preservation 549,809.49 Due County for Added and Omitted Taxes 80003-05 54,547.21 Paid 13,853,247.05 Balance December 31, 2017 County Taxes 0.00 Due County for Added and Omitted Taxes 54,547.21 Total 13,907,794.26 13,907,794.26 Paid for Regular County Levies 13,799,274.69 Paid for Added and Omitted Taxes 53,972.36 SPECIAL DISTRICT TAXES Debit Credit Balance January 1, 2017 80003-06 2017 Levy: (List Each Type of District Tax Separately - see Footnote) Special Improvement District 167,835.00 Total 2017 Levy 80003-07 167,835.00 Paid 80003-08 167,835.00 Balance December 31, 2017 80003-09 0.00 Total 167,835.00 167,835.00 Footnote: Please state the number of districts in each instance Page 21 of 76

STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID Debit Credit Expended (Debit) 60,750.00 Balance Jan 1, CY (Credit) 126,225.82 State Library Aid Received in CY (Credit) 20,718.00 Balance December 31, 2017 86,193.82 Total 146,943.82 146,943.82 RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, 2017 0.00 Total 0.00 0.00 RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A 40:54-35) Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, 2017 0.00 Total 0.00 0.00 RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID Balance January 1, CY (Credit) State Library Aid Received in CY (Credit) Expended (Debit) Balance December 31, 2017 0.00 Total 0.00 0.00 Page 22 of 76

STATEMENT OF GENERAL BUDGET REVENUES 2017 Source Budget -01 Realized -02 Excess or Deficit -03 Surplus Anticipated 80101-5,729,000.00 5,729,000.00 0.00 Surplus Anticipated with Prior Written Consent of Director of Local Government 80102- Adopted Budget 8,807,173.72 8,116,119.53-691,054.19 Added by NJS40A:4-87 Total Miscellaneous Revenue Anticipated 80103-8,807,173.72 8,116,119.53-691,054.19 Receipts from Delinquent Taxes 80104-700,000.00 722,341.88 22,341.88 Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes 80105-53,032,800.49 (b) Addition to Local District School Tax 80106- (c) Minimum Library Tax 80107-1,825,872.84 County Only: Total Raised by Taxation Total Amount to be Raised by Taxation 80107-54,858,673.33 55,779,587.44 920,914.11 Total 70,094,847.05 70,347,048.85 252,201.80 ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash 80108-00 157,401,355.47 Amount to be Raised by Taxation Local District School Tax 80109-00 88,655,985.00 Regional School Tax 80119-00 Regional High School Tax 80110-00 County Taxes 80111-00 13,799,274.69 Due County for Added and Omitted Taxes 80112-00 54,547.21 Special District Taxes 80113-00 167,835.00 Municipal Open Space Tax 80120-00 504,126.13 Reserve for Uncollected Taxes 80114-00 1,560,000.00 Deficit in Required Collection of Current Taxes (or) 80115-00 Balance for Support of Municipal Budget (or) 80116-00 55,779,587.44 *Excess Non-Budget Revenue (see footnote) 80117-00 *Deficit Non-Budget Revenue (see footnote) 80118-00 Total 158,961,355.47 158,961,355.47 * 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. Page 23 of 76

STATEMENT OF GENERAL BUDGET REVENUES 2017 MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87 Source Budget Realized Excess of Deficit I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable. CFO Signature Michael Mariniello Page 24 of 76

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2017 2017 Budget as Adopted 80012-01 70,094,847.05 2017 Budget - Added by N.J.S. 40A:4-87 80012-02 Appropriated for 2017 (Budget Statement Item 9) 80012-03 70,094,847.05 Appropriated for 2017 Emergency Appropriation 80012-04 (Budget Statement Item 9) Total General Appropriations (Budget Statement 80012-05 70,094,847.05 Item 9) Add: Overexpenditures (see footnote) 80012-06 Total Appropriations and Overexpenditures 80012-07 70,094,847.05 Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] 80012-08 65,222,178.98 Paid or Charged - Reserve for Uncollected Taxes 80012-09 1,560,000.00 Reserved 80012-10 2,621,496.71 Total Expenditures 80012-11 69,403,675.69 Unexpended Balances Cancelled (see footnote) 80012-12 691,171.36 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) 2017 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 Page 25 of 76

RESULTS OF 2017 OPERATION CURRENT FUND Debit Credit Accounts Payable Canceled 1,057.44 Unexpended Balances of CY Budget Appropriations 691,171.36 Excess of Anticipated Revenues: Miscellaneous Revenues Anticipated Excess of Anticipated Revenues: Delinquent Tax 22,341.88 Collections Excess of Anticipated Revenues: Required Collection of 920,914.11 Current Taxes Miscellaneous Revenue Not Anticipated 939,519.43 Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property Deferred School Tax Revenue: Balance January 1, CY Deferred School Tax Revenue: Balance December 31, CY Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Sale of Municipal Assets (Credit) Deficit in Anticipated Revenues: Delinquent Tax Collections Deficit in Anticipated Revenues: Required Collection of Current Taxes Unexpended Balances of PY Appropriation Reserves (Credit) Prior Years Interfunds Returned in CY (Credit) Cancelation of Reserves for Federal and State Grants (Credit) Statutory Excess in Reserve for Dog Fund Expenditures (Credit) Interfund Advances Originating in CY (Debit) Cancellation of Federal and State Grants Receivable (Debit) Senior Citizen Deductions Disallowed - Prior Year Taxes (Debit) 691,054.19 4,799.99 1,693,506.47 Refund of Prior Year Revenue (Debit) 3,691.50 Surplus Balance 3,568,965.01 Deficit Balance 4,268,510.69 4,268,510.69 Page 26 of 76

SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Source Amount Realized Appropriation Refunds 7,477.56 Lot Cleanings Costs Reimbursed 7,062.08 Returned Check Fees 1,860.00 Fire District LEA Rebate Fees 36,932.36 Payments in Lieu of Taxes 123,551.00 Police Outside Service Administration Fees 234,734.61 Duplicate Tax Bill Fees 2,137.55 Cable Franchise Fees 277,369.80 Miscellaneous 46,137.22 Engineer Plan Review Fees 73,002.68 MVC Inspections 3,068.50 FEMA Reimbursement 121,585.67 Homestead Rebate Administrative Fee 1,301.40 Senior Citizen and Veteran Administrative Fee 3,299.00 Total Amount of Miscellaneous Revenues Not Anticipated 939,519.43 Page 27 of 76

SURPLUS CURRENT FUND YEAR 2017 Debit Credit Miscellaneous Revenue Not Anticipated: Payments in Lieu of Taxes on Real Property (Credit) Excess Resulting from CY Operations 3,568,965.01 Amount Appropriated in the CY Budget - Cash 5,729,000.00 Amount Appropriated in the CY Budget - with Prior Written Consent of Director of Local Government Services Surplus Balance - To Surplus Balance January 1, CY (Credit) 8,299,832.23 Balance December 31, 2017 6,139,797.24 80014-05 11,868,797.24 11,868,797.24 ANALYSIS OF BALANCE DECEMBER 31, 2017 (FROM CURRENT FUND TRIAL BALANCE) Cash 37,497,352.71 Investments Sub-Total 37,497,352.71 Deduct Cash Liabilities Marked with C 80014-08 31,500,049.47 on Trial Balance Cash Surplus 80014-09 5,997,303.24 Deficit in Cash Surplus 80014-10 Other Assets Pledged to Surplus Due from State of N.J. Senior Citizens 80014-16 0.00 and Veterans Deduction Deferred Charges # 80014-12 142,494.00 Cash Deficit 80014-13 0.00 Total Other Assets 80014-14 142,494.00 80014-15 6,139,797.24 Page 28 of 76

(FOR MUNICIPALITIES ONLY) CURRENT TAXES 2017 LEVY 1. Amount of Levy as per Duplicate (Analysis) # 82101-00 157,825,298.33 (Abstract of Ratables) 82113-00 2. Amount of Levy Special District Taxes 82102-00 167,835.00 3. Amount Levied for Omitted Taxes 82103-00 under N.J.S.A. 54:4-63.12 et. seq. 4. Amount Levied for Added Taxes under 82104-00 623,971.17 N.J.S.A. 54:4-63.1 et. seq. 5a. Subtotal 2017 Levy 158,617,104.50 5b. Reductions due to tax appeals ** 5c. Total 2017 Tax Levy 82106-00 158,617,104.50 6. Transferred to Tax Title Liens 82107-00 942.90 7. Transferred to Foreclosed Property 82108-00 8. Remitted, Abated or Canceled 82109-00 229,772.08 9. Discount Allowed 82110-00 10. Collected in Cash: In 2016 82121-00 841,007.75 In 2017 * 82122-00 154,902,221.75 Homestead Benefit Revenue 82124-00 1,488,125.97 State's Share of 2017 Senior Citizens and Veterans Deductions Allowed 82123-00 170,000.00 Total to Line 14 82111-00 157,401,355.47 11. Total Credits 157,632,070.45 12. Amount Outstanding December 31, 2017 13. Percentage of Cash Collections to Total 2017 Levy, (Item 10 divided by Item 5c) is 99.2335 82112-00 83120-00 985,034.05 Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale? No 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 157,401,355.47 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash 157,401,355.47 Note A: In showing the above percentage the following should be noted: Where Item 5 shows $158,617,104.50, and Item 10 shows $157,401,355.47, the percentage represented by the cash collections would be $157,401,355.47 / $158,617,104.50 or 99.2335. The correct percentage to be shown as Item 13 is 99.2335%. # 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 2017 collections. ** Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41) Page 29 of 76

ACCELERATED TAX SALE/TAX LEVY SALE CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2017 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997 (1)Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash LESS: Proceeds from Accelerated Tax Sale NET Cash Collected Line 5c Total 2017 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 LESS: Proceeds from Tax Levy Sale (excluding premium) NET Cash Collected Line 5c Total 2017 Tax Levy Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is Page 30 of 76

SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit Balance Jan 1, CY: Due From State of New Jersey (Debit) Balance Jan 1, CY: Due To State of New Jersey (Credit) 1,250.69 Sr. Citizens Deductions Per Tax Billings (Debit) 26,500.00 Veterans Deductions Per Tax Billings (Debit) 141,250.00 Sr. Citizen & Veterans Deductions Allowed by 4,000.00 Collector (Debit) Sr Citizens & Veteran Deductions Allowed By Tax 1,000.00 Collector Prior Years (Debit) Sr. Citizen & Veterans Deductions Disallowed by 1,750.00 Collector (Credit) Sr. Citizens & Veteran Deductions Disallowed By Tax 4,799.99 Collector PY Taxes (Credit) Received in Cash from State (Credit) 164,950.01 Balance December 31, 2017 0.69 172,750.69 172,750.69 Calculation of Amount to be included on Sheet 22, Item 10-2017 Senior Citizens and Veterans Deductions Allowed Line 2 26,500.00 Line 3 141,250.00 Line 4 4,000.00 Sub-Total 171,750.00 Less: Line 7 1,750.00 To Item 10 170,000.00 Page 31 of 76

SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:3-27) Debit Credit Balance January 1, 2017 40,263.42 Taxes Pending Appeals 40,263.42 Interest Earned on Taxes Pending Appeals Contested Amount of 2017 Taxes Collected which are Pending State Appeal Interest Earned on Taxes Pending State Appeals Budget Appropriation Cash Paid to Appellants (Including 5% 40,263.42 Interest from Date of Payment Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) Balance December 31, 2017 0.00 Taxes Pending Appeals* 0.00 Interest Earned on Taxes Pending Appeals 40,263.42 40,263.42 *Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2017 Natalie Huttinot Signature of Tax Collector 2/23/2018 License # Date Page 32 of 76

COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2018 MUNICIPAL BUDGET Year 2018 Year 2017 1. Total General Appropriations for 2018 Municipal 80015- Budget Item 8 (L) (Exclusive of Reserve for Uncollected Taxes Statement 2. Local District School Tax - Actual 80016-88,655,985.00 Estimate 80017-3. Regional School District Tax - Actual 80025- Estimate 80026-4. Regional High School Tax Actual 80018- School Budget Estimate 80019-5. County Tax Actual 80020-13,799,274.69 Estimate 80021-6. Special District Taxes Actual 80022-167,835.00 Estimate 80023-7. Municipal Open Space Tax Actual 80027-504,126.13 Estimate 80028-8. Total General Appropriations & Other Taxes 80024-01 9. Less: Total Anticipated Revenues from 2018 in Municipal Budget (Item 5) 80024-02 10. Cash Required from 2018 Taxes to Support Local Municipal Budget and Other Taxes 80024-03 11. Amount of item 10 Divided by % [82003 4-04] Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) 80024-05 Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) 88,655,985.00 Regional School District Tax (Amount Shown on Line 3 Above) Regional High School Tax (Amount Shown on Line 4 Above) County Tax (Amount Shown on Line 5 Above) 13,799,274.69 Special District Tax (Amount Shown on Line 6 Above) 167,835.00 Municipal Open Space Tax (Amount Shown on Line 7 Above) 504,126.13 Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected 80024-06 Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations Item 12 - Appropriation: Reserve for Uncollected Taxes Amount to be Raised by Taxation in Municipal Budget 80024-07 * Must not be stated in an amount less than "actual" Tax of year2017. ** May not be stated in an amount less than proposed budget submitted by the Local Board of Education to the Commissioner of Education on January 15, 2018 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation. Page 33 of 76

ACCELERATED TAX SALE - CHAPTER 99 Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation 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 [(2018 Estimated Total Levy - 2017 Total Levy)/2017 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 (item8(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) Page 34 of 76

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance January 1, 2017 751,871.84 A. Taxes 83102-00 744,954.78 B. Tax Title Liens 83103-00 6,917.06 2. Cancelled A. Taxes 83105-00 26,892.53 B. Tax Title Liens 83106-00 213.42 3. Transferred to Foreclosed Tax Title Liens: A. Taxes 83108-00 B. Tax Title Liens 83109-00 4. Added Taxes 83110-00 8,678.89 5. Added Tax Title Liens 83111-00 6. Adjustment between Taxes (Other than current year) A. Taxes - Transfers to Tax Title Liens 83104-00 105.26 B. Tax Title Liens - Transfers from Taxes 83107-00 105.26 7. Balance Before Cash 733,444.78 Payments 8. Totals 760,655.99 760,655.99 9. Collected: 722,341.88 A. Taxes 83116-00 722,341.88 B. Tax Title Liens 83117-00 10. Interest and Costs - 2017 83118-00 107.99 Tax Sale 11. 2017 Taxes Transferred to 83119-00 942.90 Liens 12. 2017 Taxes 83123-00 985,034.05 13. Balance December 31, 2017 997,187.84 A. Taxes 83121-00 989,328.05 B. Tax Title Liens 83122-00 7,859.79 14. Totals 1,719,529.72 1,719,529.72 15. Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 9 divided by Item 98.4862 No. 7) is 16. Item No. 14 multiplied by percentage 982,092.41 And represents the shown above is maximum amount that may be anticipated in 2018. (See Note A on Sheet 22 - Current Taxes) (1) These amounts will always be the same. Page 35 of 76

SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit Credit Balance January 1, CY (Debit) 263,167.00 Foreclosed or Deeded in CY: Tax Title Liens (Debit) Foreclosed or Deeded in CY: Taxes Receivable (Debit) Adjustment to Assessed Valuation (Debit) Adjustment to Assessed Valuation (Credit) Sales: Cash* (Credit) Sales: Contract (Credit) Sales: Mortgage (Credit) Sales: Loss on Sales (Credit) Sales: Gain on Sales (Debit) Balance December 31, 2017 263,167.00 263,167.00 263,167.00 CONTRACT SALES Debit Credit Balance January 1, CY (Debit) CY Sales from Foreclosed Property (Debit) Collected * (Credit) Balance December 31, 2017 0.00 0.00 0.00 MORTGAGE SALES Debit Credit Balance January 1, CY (Debit) CY Sales from Foreclosed Property (Debit) Collected * (Credit) Balance December 31, 2017 0.00 0.00 0.00 Analysis of Sale of Property: $0.00 *Total Cash Collected in 2017 (84125-00) Realized in 2017 Budget To Results of Operation 0.00 Page 36 of 76

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:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30.) Caused By Amount Dec. 31, 2016 per Audit Report Amount in 2017 Budget Amount Resulting from 2017 Balance as at Dec. 31, 2017 Deficit from Operations $ $ $0.00 $0.00 Subtotal Current Fund $0.00 $0.00 $0.00 $0.00 Subtotal Trust Fund $0.00 $0.00 $0.00 $0.00 Subtotal Capital Fund $0.00 $0.00 $0.00 $0.00 Total Deferred Charges $0.00 $0.00 $0.00 $0.00 EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51 Date Purpose Amount $ JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In Favor Of On Account Of Date Entered Amount $ Appropriated for in Budget of Year 2018 Page 37 of 76

N.J.S. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICI- PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Date Purpose Amount Not Less Than 1/5 of Balance Dec. 31, Reduced in 2017 Balance Dec. 31, Authorized Amount Authorized 2016 By 2017 Budget Cancelled by Resolution 2017 8/20/2013 Revaluation 712,470.00 142,494.00 284,988.00 142,494.00 142,494.00 Totals 712,470.00 142,494.00 284,988.00 142,494.00 0.00 142,494.00 80025-00 80026-00 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:4-53 et seq. and are recorded on this page Michael Mariniello 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, 2017 must be entered here and then raised in the 2018 budget. Page 38 of 76

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:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Date Purpose Amount Authorized Not Less Than 1/3 of Amount Authorized Balance Dec. 31, Reduced in 2017 2016 By 2017 Budget Cancelled by Resolution Balance Dec. 31, 2017 Totals 80027-00 80028-00 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:4-55 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page Michael Mariniello 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, 2017 must be entered here and then raised in the 2018 budget. Page 39 of 76

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2018 DEBT SERVICE FOR BONDS MUNICIPAL GENERAL CAPITAL BONDS Debit Credit 2018 Debt Service Outstanding January 1, CY (Credit) 15,100,000.00 Issued (Credit) Paid (Debit) 900,000.00 Cancelled (Debit) Outstanding Dec. 31, 2017 80033-04 14,200,000.00 15,100,000.00 15,100,000.00 2018 Bond Maturities General Capital Bonds 80033-05 900,000.00 2018 Interest on Bonds 80033-06 359,000.00 ASSESSMENT SERIAL BONDS Outstanding January 1, CY (Credit) Issued (Credit) Paid (Debit) Outstanding Dec. 31, 2017 80033-10 0.00 0.00 0.00 2018 Bond Maturities General Capital Bonds 8003-11 2018 Interest on Bonds 80033-12 LIST OF BONDS ISSUED DURING 2017 Purpose 2018 Maturity Amount Issued Date of Issue Interest Rate Total 80033-14 8033-15 Page 40 of 76