ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018 … · Tax Title Liens 219,601.12 Prepaid School Taxes...

of 78

ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018(UNAUDITED)

POPULATION LAST CENSUS 10,200

NET VALUATION TAXABLE 2018 $1,150,342,410.00MUNICODE 0824

FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2019

MUNICIPALITIES - FEBRUARY 10, 2019

ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES

Township of Woolwich County of Gloucester

SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACESDate Examined By:

1 Preliminary Check2 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: William Pine

(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 William Pine am the Chief Financial Officer, License #N-0835, of the Township of Woolwich, County of Gloucester and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2018, completely in compliance with N.J.S.A. 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, 2018.

Prepared by Chief Financial Officer: No

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.

Signature William PineTitle Chief Financial OfficerAddress 120 Village Green Drive

Woolwich, NJ 08085US

Phone NumberEmail [email protected]

of 78

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 Woolwich as of December 31, 2018 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.A. 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, 2018 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:

Michael WeldingRegistered Municipal Accountant

Holman Frenia Allison, P.C.Firm Name

6 North Broad SreetWoodbury, NJ 08096

Address(856) 782-2892Phone Number

[email protected]

Certified by me5/6/2019

of 78

MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATIONBY

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; and6. 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 2019.

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: WoolwichChief Financial Officer: William PineSignature: William PineCertificate #:Date: 5/6/2019

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: WoolwichChief Financial Officer:Signature:Certificate #:Date: 5/6/2019

of 78

22-1853919Fed I.D. #Woolwich

MunicipalityGloucester

County

Report of Federal and State Financial Assistance Expenditures of Awards

Fiscal Year Ending: December 31, 2018

(1) (2) (3)Federal Programs

Expended (administered by

the State)

State Programs Expended

Other Federal Programs Expended

TOTAL $13,351.53 $57,635.40 $

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.

William Pine 5/6/2019Signature of Chief Financial Officer Date

of 78

IMPORTANT!

READ INSTRUCTIONSINSTRUCTION

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 Woolwich, County of Gloucester during the year 2018.

I have therefore removed from this statement the sheets pertaining only to utilities.

Signature: William PineName: William PineTitle: Chief Financial Officer

(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)

MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2018

☐ Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2019 and filed with the County Board of Taxation on January 10, 2019 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $1,176,248,210

Craig BlackSIGNATURE OF TAX ASSESSOR

WoolwichMUNICIPALITY

GloucesterCOUNTY

of 78

CURRENT FUND ASSETSCOMPARATIVE BALANCE SHEET – REGULATORY BASIS

AS OF DECEMBER 31, 2018

2018

Cash:Cash 5,559,112.49Change Fund 83.67Sub Total Cash 5,559,196.16

Investments:Investments 1,048,068.76Sub Total Investments 1,048,068.76

Other Receivables

Receivables and Other Assets with Full ReservesDelinquent Taxes 585,120.13Tax Title Liens 219,601.12Prepaid School Taxes 100.40Revenue Accounts Receivable 13,775.84Due from Trust Other 81,029.88Due from Animal Control Fund 94.24Due from Municipal Open Space Trust 360,188.00Sub Total Receivables and Other Assets with Reserves 1,259,909.61

Deferred Charges

Total Assets 7,867,174.53

of 78

CURRENT FUND LIABILITIES, RESERVES AND FUND BALANCECOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Liabilities:Reserve for Encumbrances 248,932.63Appropriation Reserves 515,053.38Accounts Payable 15,852.27Tax Overpayments 48,617.03Local District School Tax Payable 2,776,955.47Due County for Added and Omitted Taxes 99,234.38Prepaid Taxes 351,870.05Due to State of New Jersey - Senior Citizens & Veterans Deductions 12,329.30Due to Grant Fund 74,644.57Due to General Capital Fund 77,190.13Due to Municipal Open Space Trust Fund 25,145.50Reserve for Master Plan 66,418.82Total Liabilities 4,312,243.53

Total Liabilities, Reserves and Fund Balance:Reserve for Receivables 1,259,909.61Fund Balance 2,295,021.39Total Liabilities, Reserves and Fund Balance 7,867,174.53

of 78

FEDERAL AND STATE GRANT FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

AssetsFederal and State Grants Receivable 308,946.70Due from Current Fund 74,644.57Interfund "Defined by User"Account Receivable 127,500.00Total Assets Federal and State Grant Fund 511,091.27

LiabilitiesEncumbrances Payable 12,395.45Appropriated Reserves for Federal and State Grants 485,113.41Unappropriated Reserves for Federal and State Grants 13,582.41Total Liabilities Federal and State Grant Fund 511,091.27

of 78

CAPITAL FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

AssetsCash 986.20Investments 90,000.00State Aid Receivable 363,156.12Due from Current Fund 77,190.13Due from Municipal Open Space Trust 204,356.64

Deferred ChargesDeferred Charges to Future Taxation - Unfunded 20,400,000.00Deferred Charges to Future Taxation - Funded 15,124,419.43Total Deferred Charges 35,524,419.43

Total Assets General Capital Fund 36,260,108.52

LiabilitiesReserve for Encumbrances 15,434,212.46Improvement Authorizations - Funded 412,644.04Improvement Authorizations - Unfunded 4,723,623.41General Capital Bonds 14,910,000.00Loans Payable 214,419.43Reserve for Developer's Deposits 173,465.05Reserve to Pay Debt Service 88,588.65Capital Improvement Fund 54,483.35Due to Grant Fund 127,500.00Due to Trust Fund 100,000.00Total Liabilities and Reserves 36,238,936.39

Fund BalanceCapital Surplus 21,172.13Total General Capital Liabilities 36,260,108.52

of 78

TRUST ASSESSMENT FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Cash:

Investments

Assets not offset by Receivables

Assets offset by the Reserve for Receivables

Deferred Charges

Liabilities and Reserves

Fund Balance

of 78

OTHER TRUST FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Animal Control Trust AssetsCash 6,586.44Total Dog Trust Assets 6,586.44

Animal Control Trust LiabilitiesDue to Current Fund 94.24Reserve for Animal Control Expenditures 6,492.20Total Dog Trust Reserves 6,586.44

CDBG Trust Assets

CDBG Trust Liabilities

LOSAP Trust Assets

LOSAP Trust Liabilities

Open Space Trust AssetsCash 873,801.71Due from Current Fund 25,145.50Total Open Space Trust Assets 898,947.21

Open Space Trust LiabilitiesEncumbrances Payable 185,996.73Due to Current Fund 360,188.00Due to General Capital Fund 204,356.64Reserve for Open Space 148,405.84Total Open Space Trust Reserves 898,947.21

Other Trust AssetsCash 1,679,347.16Investment 700,000.00Due from Capital Fund 100,000.00Total Other Trust Assets 2,479,347.16

Other Trust LiabilitiesDue to Current Fund 81,029.88Total Miscellaneous Trust Reserves (31-287) 1,515,207.81Total Trust Escrow Reserves (31-286) 883,109.47

Total Other Trust Reserves and Liabilities 2,479,347.16

of 78

PUBLIC ASSISTANCE FUNDCOMPARATIVE BALANCE SHEET – REGULATORY BASIS


2018

Assets

Liabilities and Reserves

of 78

SCHEDULE OF TRUST FUND RESERVES

Purpose Amount Dec. 31, 2017 Per Audit Report Receipts DisbursementsBalance as of Dec. 31, 2018

COAH Fees $322,506.78 $10,850.33 $ $333,357.11Developer's Open Space $6,490.09 $5.14 $6,254.22 $241.01Developer's Recreation Fees $113,828.88 $141.23 $1,898.60 $112,071.51Developer's Tree Compensation $324,011.44 $2,284.81 $2,100.00 $324,196.25Election Trust $250.00 $13,600.00 $13,000.00 $850.00Municipal Functions Donations $152,219.93 $61,884.93 $178,426.85 $35,678.01Payroll Deductions Payable $20,602.98 $4,042,291.02 $4,049,184.44 $13,709.56POAA - Parking Fines $524.61 $24.00 $ $548.61Police Forfeited Funds $4,400.29 $89.90 $ $4,490.19Police Overtime $28,082.08 $283,582.95 $245,700.72 $65,964.31Public Defender $2,751.26 $3,800.00 $3,200.00 $3,351.26Recreation Trust $24,060.37 $132,964.28 $135,433.60 $21,591.05Site Plan Review Escrow $737,678.90 $310,948.32 $274,476.84 $774,150.38Snow Removal $19,738.20 $37,381.38 $53,909.40 $3,210.18Tax Sale Premiums $231,122.38 $ $132,100.00 $99,022.38Tax Title Lien Redemption $9,886.71 $232,446.91 $232,396.91 $9,936.71UCC Trust $688,416.41 $506,451.92 $602,538.62 $592,329.71Unemployment Trust $2,435.26 $5,002.07 $3,818.28 $3,619.05Totals $2,689,006.57 $5,643,749.19 $5,934,438.48 $2,398,317.28

of 78

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TOLIABILITIES AND SURPLUS

ReceiptsTitle of Liability to which Cash and Investments are

PledgedAudit Balance Dec.

31, 2017 Assessments and Liens Current Budget

Other Disbursements Balance Dec. 31, 2018

Assessment Bond Anticipation Note Issues:

Other Liabilities

Trust SurplusTrust Surplus 0.00 0.00Less Assets “Unfinanced”

Totals 0.00 0.00

of 78

CASH RECONCILIATION DECEMBER 31, 2018

CashOn Hand On Deposit

Less Checks Outstanding Cash Book Balance

Capital - General 20.00 40,966.20 40,000.00 986.20Current 50,920.01 5,923,275.53 415,083.05 5,559,112.49Federal and State Grant FundMunicipal Open Space Trust Fund 873,801.71 873,801.71Public Assistance #1**Public Assistance #2**Trust - AssessmentTrust - Dog License 6,586.44 6,586.44Trust - Other 1,729,661.19 50,314.03 1,679,347.16

Total 50,940.01 8,574,291.07 505,397.08 8,119,834.00

* - 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, 2018.

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, 2018.

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: Michael Welding Title: Registered Municipal Accountant

of 78

CASH RECONCILIATION DECEMBER 31, 2018 (CONT'D)LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Bank AmountAnimal Control Account - Fulton BofNJ 6,586.44COAH - Fulton BofNJ 333,357.11Developer Tree Compensation Account - Fulton BofNJ 124,196.25Developer's Open Space - Fulton BofNJ 241.01Developer's Recreation - Fulton BofNJ 93,101.39Election Account - Fulton BofNJ 850.00Escrow Account - Fulton BofNJ 774,150.38Forfeited Funds - Fulton BofNJ 4,496.61Fulton Bank - Current 5,534,830.68Fulton Bank - General Disbursement 363,281.71General Capital - Fulton BofNJ 40,966.20Municipal Functions - Fulton BofNJ 35,678.01Municipal Open Space - Fulton BofNJ 873,801.71Off Duty Police - Fulton BofNJ 65,964.31Parks and Recreation - Fulton BofNJ 21,584.63Payroll Account - Fulton BofNJ 64,023.59POAA - Fulton BofNJ 548.61Public Defender - Fulton BofNJ 3,351.26Snow Removal - Fulton BofNJ 3,210.18Tax Premium Account - Fulton BofNJ 99,022.38Tax Title Lien Account - Fulton BofNJ 9,936.71TD Bank - General Disbursement 25,163.14UCC Trust - Fulton BofNJ 92,329.71Unemployment Account - Fulton BofNJ 3,619.05

Total 8,574,291.07

Note: Sections N.J.S.A. 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.

of 78

MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE

Grant Balance Jan. 1, 2018 2018 Budget Revenue Realized Received Canceled OtherBalance

Dec. 31, 2018Other Grant Receivable

DescriptionAlcohol Education & Rehabilitation Fund 695.71 695.71 0.00Drive Sober or Get Pulled Over 2,475.00 2,475.00 0.00Distracted Driving Grant 3,300.00 3,300.00 0.00Click it or Ticket 2,200.00 2,200.00 0.00Body Armor Grant 515.56 2,428.28 2,428.28 515.56CDBG 13,239.20 13,239.20Clean Communities Program 1,159.63 21,509.48 21,509.48 1,159.63Drunk Driving Enforcement Grant 2,166.60 3,080.00 3,630.00 1,616.60DVRPC 25,370.66 25,370.66Municipal Alliance for Drug and Alcohol Abuse 13,635.20 6,619.00 6,619.00 13,635.20NJDEP - Recreation Trails Program 6,000.00 6,000.00NJDOT - Bikeways 170,000.00 170,000.00Recycling Tonnage Grant 26,107.67 26,107.67 0.00NJDOT - Shared Use Path 66,547.00 66,547.00Sustainable Jersey Small Grant 12,862.85 2,000.00 10,862.85Total 311,496.70 68,415.14 70,965.14 0.00 0.00 308,946.70

of 78

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Transferred from 2018 Budget AppropriationsGrant Balance Jan. 1, 2018 Budget Appropriation by 40A:4-87

Expended Cancelled Other Balance Dec. 31 2018Other Grant Receivable

Description

Alcohol Education and Rehabilitation Grant

5,272.81 5,272.81

Body Armor Replacement Grant 2,974.00 2,428.28 3,302.59 2,099.69CDBG - Federal 1,145.83 1,145.83Clean Communities Program 55,498.19 21,509.48 31,856.68 1,797.00 46,947.99 Encumbrances

ReclassifiedClick It or Ticket Grant 2,200.00 2,200.00 0.00Distracted Driving Grant 3,300.00 3,300.00 0.00Drive Sober or Get Pulled Over 2,475.00 2,475.00Drunk Driving Enforcement Fund 5,951.61 3,080.00 7,851.53 1,180.08Jersey Fresh Grant 600.00 600.00Municipal Alliance for Drug and Alcohol Abuse - Municipal Share

17,582.31 1,654.75 19,237.06

Municipal Alliance for Drug and Alcohol Abuse - State Share

4,895.00 6,619.00 695.71 1,167.01 11,042.70

Municipal Stormwater Regulation Grant - Federal

588.50 588.50

NJDEP - Recreation Trails Program - Municipal Share

6,000.00 6,000.00

NJDEP - Recreation Trails Program - State Share

24,000.00 24,000.00

NJDOT - Bikeways 104,500.00 7,123.99 7,123.99 104,500.00 Encumbrances Reclassified

NJDOT - Shared Use Path 194,047.00 194,047.00Recycling Tonnage Grant 19,047.76 26,107.67 13,528.67 11,216.00 42,842.76 Encumbrances

ReclassifiedSHARE Grant 19,918.99 19,918.99

of 78

Transferred from 2018 Budget AppropriationsGrant Balance Jan. 1, 2018 Budget Appropriation by 40A:4-87

Expended Cancelled Other Balance Dec. 31 2018Other Grant Receivable

Description

Sustainable Jersey Small Grant 3,250.00 35.00 3,215.00Total 465,272.00 39,889.70 30,180.19 70,365.47 0.00 20,136.99 485,113.41

of 78

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Transferred from 2018 Budget AppropriationsGrant Balance Jan. 1, 2018 Budget Appropriation By 40A:4-87

Receipts Grants Receivable Other Balance Dec. 31, 2018Other Grant Receivable

Description

Body Armor Grant 2,428.28 2,428.28 0.00Recycling Tonnage Grant 13,582.41 13,582.41Total 16,010.69 2,428.28 0.00 0.00 0.00 0.00 13,582.41

of 78

LOCAL DISTRICT SCHOOL TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable # xxxxxxxxxx 2,604,985.49 School Tax Deferred(Not in excess of 50% of Levy - 2017 -2018) xxxxxxxxxx 5,410,504.32Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxx 16,374,919.00Levy Calendar Year 2018 xxxxxxxxxxPaid 16,202,949.02 xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable # 2,776,955.47 xxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy -2018 -2019) 5,410,504.32 xxxxxxxxxxPrepaid Ending Balance xxxxxxxxxx

24,390,408.81 24,390,408.81

Amount Deferred 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 TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx 289,111.28

2018 Levy xxxxxxxxxx 575,171.00

Added and Omitted Levy xxxxxxxxxx 6,078.61

Interest Earned xxxxxxxxxx 23,288.56

Expenditures 745,243.61 xxxxxxxxxx

Balance December 31, 2018 148,405.84 xxxxxxxxxx

893,649.45 893,649.45

of 78

REGIONAL SCHOOL TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable xxxxxxxxxx 0.00 School Tax Deferred (Not in excess of 50% of Levy - 2017 -2018) xxxxxxxxxx 0.00Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxxLevy Calendar Year 2018 xxxxxxxxxxPaid xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable 0.00 xxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy - 2018 -2019) 0.00 xxxxxxxxxxPrepaid Ending Balance xxxxxxxxxx

0.00 0.00

Amount Deferred during Year# Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAXDebit Credit

Balance January 1, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable xxxxxxxxxx 0.10 School Tax Deferred (Not in excess of 50% of Levy - 2017 - 2018 ) xxxxxxxxxx 0.00Prepaid Beginning Balance xxxxxxxxxxLevy School Year July 1, 2018- June 30, 2019 xxxxxxxxxxLevy Calendar Year 2018 xxxxxxxxxx 10,729,506.00Paid 10,729,606.50 xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx School Tax Payable xxxxxxxxxx School Tax Deferred (Not in excess of 50% of Levy - 2018 -2019) 0.00 xxxxxxxxxxPrepaid Ending Balance 100.40 xxxxxxxxxx

10,729,606.50 10,729,606.50

Amount Deferred during year# Must include unpaid requisitions

of 78

COUNTY TAXES PAYABLE

Debit CreditBalance January 1, 2018 xxxxxxxxxx xxxxxxxxxx County Taxes xxxxxxxxxx 0.00 Due County for Added and Omitted Taxes xxxxxxxxxx 115,130.122018 Levy xxxxxxxxxx xxxxxxxxxxGeneral County xxxxxxxxxx 8,179,201.18County Library xxxxxxxxxx 599,988.68County Health xxxxxxxxxxCounty Open Space Preservation xxxxxxxxxx 511,354.70Due County for Added and Omitted Taxes xxxxxxxxxx 99,435.97Paid 9,405,876.27 xxxxxxxxxxBalance December 31, 2018 xxxxxxxxxx xxxxxxxxxx County Taxes 0.00 xxxxxxxxxx Due County for Added and Omitted Taxes 99,234.38 xxxxxxxxxx

9,505,110.65 9,505,110.65

Paid for Regular County Levies 9,290,544.56Paid for Added and Omitted Taxes 115,331.71

SPECIAL DISTRICT TAXES

Debit CreditBalance January 1, 2018 xxxxxxxxxx 0.002018Levy (List Each Type of District Tax Separately – see Footnote)

xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxxTotal 2018 Levy xxxxxxxxxxPaid xxxxxxxxxxBalance December 31, 2018 0.00 xxxxxxxxxx

0.00 0.00

Footnote: Please state the number of districts in each instance.

of 78

STATEMENT OF GENERAL BUDGET REVENUES 2018

Source Budget -01 Realized -02Excess or Deficit -03

Surplus Anticipated 2,288,661.70 2,288,661.70 0.00Surplus Anticipated with Prior Written Consent of Director of Local GovernmentAdopted Budget 1,646,235.87 1,627,111.61 -19,124.26Added by N.J.S.A. 40A:4-87 30,180.19 30,180.19 0.00Total Miscellaneous Revenue Anticipated 1,676,416.06 1,657,291.80 -19,124.26Receipts from Delinquent Taxes 424,831.43 390,236.89 -34,594.54

Amount to be Raised by Taxation: xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx (a) Local Tax for Municipal Purposes 6,062,342.00 xxxxxxxxxx xxxxxxxxxx (b) Addition to Local District School Tax xxxxxxxxxx xxxxxxxxxx (c) Minimum Library Tax xxxxxxxxxx xxxxxxxxxxCounty Only: Total Raised by Taxation xxxxxxxxxx xxxxxxxxxxTotal Amount to be Raised by Taxation 6,062,342.00 7,104,033.23 1,041,691.23

10,452,251.19 11,440,223.62 987,972.43

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit CreditCurrent Taxes Realized in Cash xxxxxxxxxx 42,902,055.37Amount to be Raised by Taxation: xxxxxxxxxx xxxxxxxxxx Local District School Tax 16,374,919.00 xxxxxxxxxx Regional School Tax xxxxxxxxxx Regional High School Tax 10,729,506.00 xxxxxxxxxx County Taxes 9,290,544.56 xxxxxxxxxx Due County for Added and Omitted Taxes 99,435.97 xxxxxxxxxx Special District Taxes xxxxxxxxxx Municipal Open Space Tax 581,249.61 xxxxxxxxxxReserve for Uncollected Taxes xxxxxxxxxx 1,277,633.00Deficit in Required Collection of Current Taxes (or) xxxxxxxxxxBalance for Support of Municipal Budget (or) 7,104,033.23 xxxxxxxxxx*Excess Non-Budget Revenue (see footnote) xxxxxxxxxx*Deficit Non-Budget Revenue (see footnote) xxxxxxxxxx

44,179,688.37 44,179,688.37

* 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.

of 78

STATEMENT OF GENERAL BUDGET REVENUES 2018MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S.A. 40A:4-87

Source Budget Realized Excess or (Deficit)Alcohol Education and Rehabilitation Fund 695.71 695.71 0.00Clean Communities Program 21,509.48 21,509.48 0.00Click It or Ticket 2,200.00 2,200.00 0.00Distracted Driving Grant 3,300.00 3,300.00 0.00Drive Sober or Get Pulled Over 2,475.00 2,475.00 0.00Recycling Tonnage GrantTOTAL 30,180.19 30,180.19 0.00

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: William Pine

of 78

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2018

2018 Budget as Adopted 10,422,070.622018 Budget - Added by N.J.S.A. 40A:4-87 30,180.19Appropriated for 2018 (Budget Statement Item 9) 10,452,250.81 Appropriated for 2018 Emergency Appropriation (Budget Statement Item 9)Total General Appropriations (Budget Statement Item 9) 10,452,250.81Add: Overexpenditures (see footnote)Total Appropriations and Overexpenditures 10,452,250.81

Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] 8,659,564.42 Paid or Charged - Reserve for Uncollected Taxes 1,277,633.00 Reserved 515,053.38Total Expenditures 10,452,250.80Unexpended Balances Cancelled (see footnote) 0.01

FOOTNOTES - RE: OVEREXPENDITURESEvery appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.RE: UNEXPENDED BALANCES CANCELED:Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled."

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

2018 Authorizations N.J.S.A. 40A:4-46 (After adoption of Budget) N.J.S.A. 40A:4-20 (Prior to adoption of Budget)Total AuthorizationsDeduct Expenditures: Paid or Charged ReservedTotal Expenditures

of 78

RESULTS OF 2018 OPERATIONCURRENT FUND

Debit CreditCancelation of Reserves for Federal and State Grants (Credit)Cancellation of Federal and State Grants Receivable (Debit)Deferred School Tax Revenue: Balance December 31, CY 5,410,504.32Deferred School Tax Revenue: Balance January 1, CY 5,410,504.32Deficit in Anticipated Revenues: Delinquent Tax Collections 34,594.54Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated 19,124.26Deficit in Anticipated Revenues: Required Collection of Current TaxesExcess of Anticipated Revenues: Delinquent Tax Collections 0.00Excess of Anticipated Revenues: Miscellaneous Revenues AnticipatedExcess of Anticipated Revenues: Required Collection of Current Taxes 1,041,691.23Interfund Advances Originating in CY (Debit) 170,474.38Miscellaneous Revenue Not Anticipated 584,256.17Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed PropertyPrior Years Interfunds Returned in CY (Credit) 21,801.13Refund of Prior Year Revenue (Debit)Sale of Municipal Assets (Credit)Senior Citizen Deductions Disallowed - Prior Year Taxes (Debit) 2,500.00Statutory Excess in Reserve for Dog Fund Expenditures (Credit)Unexpended Balances of CY Budget Appropriations 0.01Unexpended Balances of PY Appropriation Reserves (Credit) 346,969.99Surplus Balance 1,768,025.35 xxxxxxxxxxDeficit Balance xxxxxxxxxx

7,405,222.85 7,405,222.85

of 78

SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED

Source Amount RealizedWoolwich-Swedesboro Regional Reimbursements 29,071.32Prior Year Refund 18,880.00Insurance Reimbursements 13,645.00Senior & Vet Admin Fee 1,052.50Interest on Investments 44,429.35Cable TV Franchise Fees 38,409.37Cancellation of Old Outstanding Checks 34,728.72Community Garden Plots 1,095.00Zoning Board Fees 49,165.00Planning Board Fees 18,555.00Street Opening Fees 5,900.00Junk Yard 2,400.66Licenses - Alcohol 6,150.00Clerk Fees 1,510.76Marriage Licenses 989.00Miscellaneous Other 121,650.80Municipal Building Rentals 13,650.00Payment in Lieu of Taxes 99,905.69Kingsway Regional Reimbursements 41,568.00Vacant Property Registration 41,500.00Total Amount of Miscellaneous Revenues Not Anticipated $584,256.17

of 78

SURPLUS – CURRENT FUNDYEAR 2018

Debit CreditBalance January 1, CY (Credit) 2,815,657.74Amount Appropriated in the CY Budget - Cash 2,288,661.70Amount Appropriated in the CY Budget - with Prior Written Consent of Director of Local Government ServicesExcess Resulting from CY Operations 1,768,025.35Miscellaneous Revenue Not Anticipated: Payments in Lieu of Taxes on Real Property (Credit)Balance December 31, 2018 2,295,021.39 xxxxxxxxxx

4,583,683.09 4,583,683.09

ANALYSIS OF BALANCE DECEMBER 31, 2018(FROM CURRENT FUND – TRIAL BALANCE)

Cash 5,559,196.16Investments 1,048,068.76

Sub-Total 6,607,264.92Deduct Cash Liabilities Marked with “C” on Trial Balance 4,312,243.53Cash Surplus 2,295,021.39Deficit in Cash SurplusOther Assets Pledged to SurplusDue from State of N.J. Senior Citizens and Veterans Deduction 0.00Deferred Charges #Cash Deficit

Total Other Assets 0.00

2,295,021.39

of 78

(FOR MUNICIPALITIES ONLY)CURRENT TAXES – 2018 LEVY

1. Amount of Levy as per Duplicate (Analysis) # $43,045,356.56 or (Abstract of Ratables) $

2. Amount of Levy Special District Taxes $3. Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et. seq. $4. Amount Levied for Added Taxes under $460,508.25

N.J.S.A. 54:4-63.1 et. seq.5a. Subtotal 2018 Levy $43,505,864.815b. Reductions due to tax appeals ** $5c. Total 2018 Tax Levy $43,505,864.816. Transferred to Tax Title Liens $25,289.827. Transferred to Foreclosed Property $8. Remitted, Abated or Canceled $39,556.859. Discount Allowed $10. Collected in Cash: In 2017 $1,678,701.16

In 2018* $40,925,913.04Homestead Benefit Revenue $244,941.17State's Share of 2018 Senior Citizens and Veterans Deductions Allowed $52,500.00Total to Line 14 $42,902,055.37

11. Total Credits $42,966,902.04

12. Amount Outstanding December 31, 2018 $538,962.7713. Percentage of Cash Collections to Total 2018 Levy,

(Item 10 divided by Item 5c) is 98.6121

Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale? No

14. Calculation of Current Taxes Realized in Cash:Total of Line 10 $42,902,055.37Less: Reserve for Tax Appeals Pending $ State Division of Tax AppealsTo Current Taxes Realized in Cash $42,902,055.37

Note A: In showing the above percentage the following should be noted:Where Item 5 shows $43,505,864.81, and Item 10 shows $42,902,055.37, the percentage represented by the cash collections would be $42,902,055.37 / $43,505,864.81 or 98.6121. The correct percentage to be shown as Item 13 is 98.6121%.

# Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions.

* Include overpayments applied as part of 2018 collections.** Tax appeals pursuant to R.S. 54:3-21 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)

of 78

ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99To Calculate Underlying Tax Collection Rate for 2018

Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997

(1)Utilizing Accelerated Tax SaleTotal of Line 10 Collected in Cash……………………………………………...LESS: Proceeds from Accelerated Tax Sale…………………………………… NET Cash Collected…………………………………………………….Line 5c Total 2018 Tax Levy……………Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is……………………………………..

(2)Utilizing Tax Levy SaleTotal of Line 10 Collected in Cash………………………………………………LESS: Proceeds from Tax Levy Sale (excluding premium)…………………….. NET Cash Collected...................................................................................Line 5c Total 2018 Tax Levy……………Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is……………………………………

of 78

SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEYFOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

Debit Credit1 Balance Jan 1, CY: Due From State of New

Jersey (Debit)0.00

1 Balance Jan 1, CY: Due To State of New Jersey (Credit)

11,454.30

2 Sr. Citizens Deductions Per Tax Billings (Debit)

8,000.00

3 Veterans Deductions Per Tax Billings (Debit)

43,250.00

4 Sr. Citizen & Veterans Deductions Allowed by Collector (Debit)

1,250.00

7 Sr. Citizen & Veterans Deductions Disallowed by Collector (Credit)

8 Sr. Citizens Deductions Disallowed By Tax Collector PY Taxes (Credit)

2,500.00

9 Received in Cash from State (Credit) 50,875.00Balance December 31, 2018 12,329.30

64,829.30 64,829.30

Calculation of Amount to be included on Sheet 22, Item 10- 2018 Senior Citizens and Veterans Deductions Allowed

Line 2 8,000.00Line 3 43,250.00Line 4 1,250.00Sub-Total 52,500.00Less: Line 7To Item 10 52,500.00

of 78

SCHEDULE OF RESERVE FOR TAX APPEALS PENDING(N.J.S.A. 54:3-27)

Debit CreditBalance January 1, 2018 xxxxxxxxxx 0.00 Taxes Pending Appeals 0.00 xxxxxxxxxx xxxxxxxxxx Interest Earned on Taxes Pending Appeals 0.00 xxxxxxxxxx xxxxxxxxxxContested Amount of 2018 Taxes Collected which are Pending State Appeal xxxxxxxxxxInterest Earned on Taxes Pending State Appeals xxxxxxxxxxBudget Appropriation xxxxxxxxxxCash Paid to Appellants (Including 5% Interest from Date of Payment xxxxxxxxxxClosed to Results of Operations (Portion of Appeal won by Municipality, including Interest) xxxxxxxxxx

Balance December 31, 2018 xxxxxxxxxx Taxes Pending Appeals* xxxxxxxxxx xxxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxxx

*Includes State Tax Court and County Board of TaxationAppeals Not Adjusted by December 31, 2018

Kim JaworskiSignature of Tax Collector

12/14/2018License # Date

of 78

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENSDebit Credit

1. Balance January 1, 2018 631,156.49 xxxxxxxxxxA. Taxes 432,799.11 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 198,357.38 xxxxxxxxxx xxxxxxxxxx

2. CancelledA. Taxes xxxxxxxxxx 3,292.87B. Tax Title Liens xxxxxxxxxx

3. Transferred to Foreclosed Tax Title Liens:A. Taxes xxxxxxxxxxB. Tax Title Liens xxxxxxxxxx

4. Added Taxes 2,500.00 xxxxxxxxxx5. Added Tax Title Liens xxxxxxxxxx6. Adjustment between Taxes (Other than current year)

A. Taxes - Transfers to Tax Title Liens xxxxxxxxxxB. Tax Title Liens - Transfers from Taxes xxxxxxxxxx

7. Balance Before Cash Payments xxxxxxxxxx 630,363.628. Totals 633,656.49 633,656.499. Collected: xxxxxxxxxx 390,236.89

A. Taxes 385,848.88 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 4,388.01 xxxxxxxxxx xxxxxxxxxx

10. Interest and Costs - 2018 Tax Sale 341.93 xxxxxxxxxx11. 2018 Taxes Transferred to Liens 25,289.82 xxxxxxxxxx12. 2018 Taxes 538,962.77 xxxxxxxxxx13. Balance December 31, 2018 xxxxxxxxxx 804,721.25

A. Taxes 585,120.13 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 219,601.12 xxxxxxxxxx xxxxxxxxxx

14. Totals 1,194,958.14 1,194,958.1415. Percentage of Cash Collections to

Adjusted Amount Outstanding(Item No. 9 divided by Item No. 7) is 61.9066

16. Item No. 14 multiplied by percentage shown above is 500,159.20 and represents the maximum amount that may be anticipated in 2019.(See Note A on Sheet 22 - Current Taxes)(1) These amounts will always be the same.

of 78

SCHEDULE OF FORECLOSED PROPERTY(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)

Debit CreditBalance January 1, CY (Debit) 0.00Adjustment to Assessed Valuation (Credit)Adjustment to Assessed Valuation (Debit)Foreclosed or Deeded in CY: Tax Title Liens (Debit)Foreclosed or Deeded in CY: Taxes Receivable (Debit)Sales: Cash* (Credit)Sales: Contract (Credit)Sales: Gain on Sales (Debit)Sales: Loss on Sales (Credit)Sales: Mortgage (Credit)Balance December 31, 2018 xxxxxxxxxx

CONTRACT SALESDebit Credit

Balance January 1, CY (Debit) 0.00Collected * (Credit)CY Sales from Foreclosed Property (Debit)Balance December 31, 2018 xxxxxxxxxx

MORTGAGE SALESDebit Credit

Balance January 1, CY (Debit) 0.00Collected * (Credit)CY Sales from Foreclosed Property (Debit)Balance December 31, 2018 xxxxxxxxxx

Analysis of Sale of Property: $*Total Cash Collected in 2018Realized in 2018 BudgetTo Results of Operation

of 78

DEFERRED CHARGES- MANDATORY CHARGES ONLY -

CURRENT, TRUST, AND GENERAL CAPITAL FUNDS(Do not include the emergency authorizations pursuant to

N.J.S.A. 40A:4-55, N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13)

Caused By

Amount Dec. 31, 2017

per Audit Report

Amount in 2018 Budget

Amount Resulting from

2018Balance as at Dec. 31, 2018

Animal Control Fund $0.00 $ $ $Capital - $0.00 $ $ $Deficit from Operations $0.00 $ $ $Emergency Appropriation $125,000.00 $125,000.00 $ $0.00Special Emergency Appropriation

$0.00 $ $ $

Trust Assessment $0.00 $ $ $Trust Other $0.00 $ $ $

Subtotal Current Fund $125,000.00 $125,000.00 $ $0.00Subtotal Trust Fund $0.00 $ $ $Subtotal Capital Fund $0.00 $ $ $

Total Deferred Charges $125,000.00 $125,000.00 $ $0.00

EMERGENCY AUTHORIZATIONS UNDER N.J.S.A. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S.A. 40A:2-3 OR

N.J.S.A. 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

2019$

of 78

N.J.S.A. 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.

Reduced in 2018Date Purpose Amount Authorized

Not Less Than 1/5 of Amount

Authorized*

Balance Dec. 31, 2017 By 2018 Budget Cancelled by Resolution

Balance Dec. 31, 2018

Totals

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-53 et seq. and are recorded on this page.

William PineChief 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, 2018 must be entered here and then raised in the 2019 budget.

of 78

N.J.S.A. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS/BRIDGES BY SNOW, ICE, FROST OR FLOODN.J.S.A. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES

Reduced in 2018Date Purpose Amount Authorized

Not Less Than 1/3 of Amount

Authorized*

Balance Dec. 31, 2017 By 2018 Budget Cancelled by Resolution

Balance Dec. 31, 2018

Totals

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page.

William PineChief 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, 2018 must be entered here and then raised in the 2019 budget.

of 78

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2019 DEBT SERVICE FOR BONDS

MUNICIPAL GENERAL CAPITAL BONDS

Debit Credit 2019 Debt ServiceOutstanding January 1, CY (Credit) 15,910,000.00Cancelled (Debit)Issued (Credit)Paid (Debit) 1,000,000.00Outstanding Dec. 31, 2018 14,910,000.00 xxxxxxxxxx

15,910,000.00 15,910,000.002019 Bond Maturities – General Capital Bonds $1,015,000.002019 Interest on Bonds 482,200.00

ASSESSMENT SERIAL BONDSOutstanding January 1, CY (Credit) 0.00Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Bond Maturities – General Capital Bonds $2019 Interest on Bonds

LIST OF BONDS ISSUED DURING 2018Purpose 2019 Maturity Amount Issued Date of

IssueInterest

Rate

Total

of 78

SCHEDULE OF LOANS ISSUED AND OUTSTANDING

AND 2019 DEBT SERVICE FOR LOANSMUNICIPAL GREEN ACRES TRUST LOAN

Debit Credit 2019 Debt ServiceOutstanding January 1, CY (Credit) 0.00Issued (Credit)Paid (Debit)Outstanding Dec. 31,2018 xxxxxxxxxxx

2019 Loan Maturities $2019 Interest on Loans $Total 2019 Debt Service for Loan $

GREEN ACRES TRUST LOANOutstanding January 1, CY (Credit) 243,889.01Issued (Credit)Paid (Debit) 29,469.58Outstanding Dec. 31,2018 214,419.43 xxxxxxxxxx

243,889.01 243,889.012019 Loan Maturities $30,061.922019 Interest on Loans $4,138.84Total 2019 Debt Service for Loan $34,200.76

LIST OF LOANS ISSUED DURING 2018Purpose 2019 Maturity Amount Issued Date of

IssueInterest

Rate

Total

of 78

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2018 DEBT SERVICE FOR LOANS

Debit Credit Debt ServiceOutstanding January 1, Issued

PaidOutstanding December 31, Loan Maturities Interest on LoansTotal Debt Service for Loan

of 78

SCHEDULE OF BONDS ISSUED AND OUTSTANDING

AND 2019 DEBT SERVICE FOR BONDSTYPE I SCHOOL TERM BONDS

Debit Credit 2019 Debt ServiceOutstanding January 1, CY (Credit) 0.00Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Bond Maturities – Term Bonds $2019 Interest on Bonds $

TYPE I SCHOOL SERIAL BONDOutstanding January 1, CY (Credit) 0.00Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2018 xxxxxxxxxx

2019 Interest on Bonds2019 Bond Maturities – Serial BondsTotal “Interest on Bonds – Type 1 School Debt Service”

LIST OF BONDS ISSUED DURING 2018Purpose 2019 Maturity -01 Amount Issued -02 Date of

IssueInterest

Rate

Total

2019 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLYOutstanding

Dec. 31, 20182019 Interest Requirement

$ $

of 78

DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

2019 Budget RequirementTitle or Purpose of Issue Original Amount Issued

Original Date of Issue

Amount of Note Outstanding

Dec. 31, 2018Date of Maturity Rate of Interest For Principal For Interest

Interest Computed to (Insert Date)

xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Memo: Type I School Notes should be separately listed and totaled.Memo: Refunding Bond Anticipation 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 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2019 or written intent of permanent financing submitted with statement.** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.

of 78

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES2019 Budget Requirement

Title or Purpose of Issue Original Amount IssuedOriginal Date of

Issue

Amount of Note

Outstanding Dec. 31, 2018

Date of Maturity Rate of Interest For Principal For Interest


xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Assessment Notes with an original date of issue of December 31, or prior must be appropriated in full in the 2019 Dedicated Assessment Budget or written intent of permanent financing submitted with statement.**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".(Do not crowd - add additional sheets)

of 78

SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

2019 Budget RequirementPurpose Amount of Obligation Outstanding Dec. 31, 2018 For Principal For Interest/FeesLeases approved by LFB after July 1, 2007

SubtotalLeases approved by LFB prior to July 1, 2007

SubtotalTotal

of 78

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

Balance – January 1, 2018 Balance – December 31, 2018IMPROVEMENTSSpecify each authorization by purpose.

Do not merely designate by a code number

Funded Unfunded2018

Authorizations

Refunds, Transfers, &

EncumbrancesExpended Authorizations Canceled Funded Unfunded

Ord 18-05 Various Roadway Improvements

147,000.00 146,999.00 1.00

Ord 18-09 Construction and Improvements of Open Space

3,250,000.00 421,000.00 2,829,000.00

Ord 18-12 Various Capital Improvements

2,125,000.00 383,722.00 1,741,278.00

Ord 10-13 Russell Mill Road Phase 3&4 69,785.52 0.00 40,265.00 40,265.00 69,785.52Ord 10-25a Various Road Improvements 14,583.37 0.00 14,583.37Ord 10-25b Road Drainage Improvements

13,023.16 0.00 13,023.16

Ord 11-8 Public Works Equipment 505.20 0.00 505.20Ord 12-15 Field Drainage Improvements 12,485.00 0.00 12,485.00Ord 12-20 Public Works Garage 18,588.00 0.00 18,588.00Ord 13-08 Various Capital Improvements and Equipment

2,738.82 0.00 7,099.14 9,837.96

Ord 14-03 Public Works, Public & Fire Safety Equipment

13,105.15 0.00 6,895.30 6,895.30 13,105.15

Ord 14-16 Acquisition of Real Property 17,160.50 0.00 17,160.50Ord 15-14 Public Works Equipment 2,542.82 0.00 2,542.82Ord 15-16 Roadway Improvements 45,035.27 0.00 45,035.27Ord 16-09 Acquisition of Transfer Development Rights

76,518.00 0.00 76,518.00

Ord 16-10 Various Capital Improvements

49,794.18 0.00 371,139.77 411,981.10 8,952.85

of 78

Ord 17-16 Various Roadway and Drainage Improvements

193,000.00 193,000.00

Ord 17-19 Various Sewer Improvements 0.00 14,405,800.00 994,200.00 15,246,654.59 153,345.41Total 528,864.99 14,405,800.00 5,522,000.00 1,419,599.21 16,739,996.75 0.00 412,644.04 4,723,623.41

of 78

GENERAL CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditBalance January 1, CY (Credit) 179,483.35Appropriated to Finance Improvement Authorizations (Debit) 125,000.00Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Received from CY Budget Appropriation * (Credit)Balance December 31, 2018 54,483.35 xxxxxxxxxx

179,483.35 179,483.35

* The full amount of the 2018 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.

of 78

GENERAL CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditBalance January 1, CY (Credit) 0.00Appropriated to Finance Improvement Authorizations (Debit)Received from CY Budget Appropriation * (Credit)Received from CY Emergency Appropriation * (Credit)Balance December 31, 2018 xxxxxxxxxx

*The full amount of the 2018 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

CAPITAL IMPROVEMENTS AUTHORIZED IN 2018AND DOWN PAYMENTS (N.J.S.A. 40A:2-11)

GENERAL CAPITAL FUND ONLY

Purpose Amount AppropriatedTotal Obligations

Authorized

Down Payment Provided by Ordinance

Amount of Down Payment in

Budget of 2018 or Prior Years

Total

NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.

of 78

GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS

YEAR – 2018

Debit CreditBalance January 1, CY (Credit) 418,172.13Appropriated to CY Budget Revenue (Debit)Appropriated to Finance Improvement Authorizations (Debit) 397,000.00Funded Improvement Authorizations Canceled (Credit)Miscellaneous - Premium on Sale of Serial Bonds (Credit)Premium on Sale of Bonds (Credit)Balance December 31, 2018 21,172.13 xxxxxxxxxx

418,172.13 418,172.13

BONDS ISSUED WITH A COVENANT OR COVENANTS

1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or Chapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants; Outstanding December 31, 2018

2. Amount of Cash in Special Trust Fund as of December 31, 2018(Note A)

3. Amount of Bonds Issued Under Item 1 Maturing in 2019

4. Amount of Interest on Bonds with aCovenant - 2019 Requirement

5. Total of 3 and 4 - Gross Appropriation6. Less Amount of Special Trust Fund to be Used7. Net Appropriation Required

NOTE A - This amount to be supported by confirmation from bank or banksFootnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached here to item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of Item 7 extended into the 2019 appropriation column.

of 78

MUNICIPALITIES ONLYIMPORTANT!

This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete(N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L 1981)

A.1. Total Tax Levy for the Year 2018 was 43,505,864.812. Amount of Item 1 Collected in 2018 (*) 42,902,055.373. Seventy (70) percent of Item 1 30,454,105.37(*) Including prepayments and overpayments applied.

B.1. Did any maturities of bonded obligations or notes fall due during the year 2018?Answer YES or NO: No2. Have payments been made for all bonded obligations or notes due on or before December 31, 2018?Answer YES or NO: NoIf answer is “NO” give details

NOTE: If answer to Item B1 is YES, then Item B2 must be answered

C.Does the appropriation required to be included in the 2019 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in thebudget for the year just ended?Answer YES or NO: No

D.1. Cash Deficit 2017 0.002a. 2017 Tax Levy2b. 4% of 2017 Tax Levy for all purposes:3. Cash Deficit 20184. 4% of 2018 Tax Levy for all purposes: 0.00

E.Unpaid 2017 2018 Total

1. State Taxes $0.00 $ $2. County Taxes $0.00 $99,234.38 $99,234.383. Amounts due Special Districts $0.00 $0.00 $4. Amounts due School Districts for Local School Tax $2,604,985.49 $2,776,955.47 $5,381,940.96

of 78

UTILITIES ONLY

Note:If no "utility fund" existed on the books of account and if no utility was owned and operated by the municipality during the year ,

please observe instructions of Sheet 2.

of 78

Balance Sheet - Utility Operating Fund AssetsAS OF DECEMBER 31,

Cash:

Investments:

Accounts Receivable:

Interfunds Receivable:

Deferred Charges

of 78

Balance Sheet - Utility Operating Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31,

Liabilities:

Fund Balance:

of 78

Balance Sheet - Utility Capital Fund AssetsAS OF DECEMBER 31,

Cash:

Accounts Receivable:

of 78

Balance Sheet - Utility Capital Fund Liabilities, Reserves & Fund BalanceAS OF DECEMBER 31,

Liabilities:

Total Liabilities, Reserves & Fund Balance:

of 78

Balance Sheet - Utility Assessment FundAS OF DECEMBER 31,

Assets:

Liabilities and Reserves:

Liabilities, Reserves, and Fund Balance:

of 78

Analysis of Utility Assessment Trust Cash and InvestmentsPledged to Liabilities and Surplus

ReceiptsTitle of Liability to which Cash and Investments are Pledged

Audit Balance Dec. 31, Assessments and Liens Operating Budget Other

Disbursements Balance Dec. 31,

Assessment Serial Bond Issues:

Assessment Bond Anticipation Notes

Other Liabilities

Trust Surplus

Less Assets “Unfinanced”

Total

of 78

Schedule of Utility Budget - Budget Revenues

Source Budget Received in Cash Excess or DeficitOperating Surplus AnticipatedOperating Surplus Anticipated with Consent of Director of Local Govt. ServicesRentsMiscellaneous Revenue Anticipated

Miscellaneous

Added by N.J.S.A. 40A:4-87: (List)

Subtotal Additional Miscellaneous RevenuesSubtotalDeficit (General Budget)

of 78

Statement of Budget Appropriations

Appropriations

Total AppropriationsAdd: Overexpenditures

Total OverexpendituresTotal Appropriations & OverexpendituresDeduct Expenditures

Surplus

Total SurplusTotal Expenditure & SurplusUnexpended Balance Cancelled

of 78

Statement of Operation Utility

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the budget year Utility Budget contained either an item of revenue “Deficit (General Budget)” or an item of appropriation “Surplus (General Budget)”Section 2 should be filled out in every case.

Section 1:Revenue RealizedMiscellaneous Revenue Not Anticipated Appropriation Reserves Canceled

Total Revenue RealizedExpendituresExpended Without AppropriationCash Refund of Prior Year's RevenueOverexpenditure of Appropriation ReservesTotal ExpendituresLess: Deferred Charges Included in Above "Total Expenditures"Total Expenditures - As Adjusted

ExcessBalance of "Results of 2017 Operation"Remainder= ("Excess in Operations")DeficitBalance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance")

of 78

Section 2:The following Item of Appropriation Reserves Canceled in Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the General Budget of for an Anticipated Deficit in the Utility for:

Appropriation Reserves Canceled in Less: Anticipated Deficit in Budget - Amount Received and Due from Current Fund - If none, check "None" ☐ *Excess (Revenue Realized)

of 78

Results of Operations – Utility

Debit Credit

Operating ExcessOperating DeficitTotal Results of Current Year Operations

Operating Surplus– Utility

Debit Credit

Balance December 31, Total Operating Surplus

Analysis of Balance December 31, (From Utility – Trial Balance)

CashInvestmentsInterfund Accounts ReceivableSubtotalDeduct Cash Liabilities Marked with "C" on Trial Balance

of 78

Operating Surplus Cash or (Deficit in Operating Surplus Cash)Other Assets Pledged to Operating Surplus*Deferred Charges #Operating Deficit #Total Other Assets

of 78

Schedule of Utility Accounts Receivable

Balance December 31,

Increased by:Rents Levied

Decreased by:CollectionsOverpayments appliedTransfer to Utility LienOther


Schedule of Utility Liens


Increased by:Transfers from Accounts ReceivablePenalties and CostsOther

Decreased by:CollectionsOther


of 78

Deferred Charges- Mandatory Charges Only -

Utility Fund(Do not include the emergency authorizations pursuant to N.J.S.A. 40A:4-55)

Caused by Amount Dec. 31, per Audit Report Amount in Budget Amount Resulting from Balance as at Dec. 31,

Total Operating

Total Capital

*Do not include items funded or refunded as listed below.

Emergency Authorizations Under N.J.S.A. 40A:4-47 Which Have BeenFunded or Refunded Under N.J.S.A. 40A:2-3 OR N.J.S.A. 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

of 78

Schedule of Bonds Issued and Outstandingand Debt Service for Bonds UTILITY ASSESSMENT BONDS

Debit Credit Debt Service

Outstanding December 31,

Bond Maturities – Assessment Bonds Interest on Bonds

Utility Capital BondsDebit Credit Debt Service

Outstanding December 31,

Bond Maturities – Assessment Bonds Interest on Bonds

Interest on Bonds – Utility Budget Interest on Bonds (*Items)Less: Interest Accrued to 12/31/ (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/Required Appropriation

of 78

List of Bonds Issued During Purpose Maturity Amount Issued Date of Issue Interest Rate

of 78

Schedule of Loans Issued and Outstandingand Debt Service for Loans

UTILITY LOAN

Loan Outstanding January 1, Issued PaidOther

Description Other Debit Other CreditOutstanding

December 31, Loan Maturities Interest on Loans

Interest on Loans – Utility Budget

Interest on Loans (*Items)Less: Interest Accrued to 12/31/ (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/Required Appropriation

List of Loans Issued During

Purpose Maturity Amount Issued Date of Issue Interest Rate

of 78

Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)

Budget RequirementTitle or Purpose of the Issue Original Amount Issued


Amount of Note Outstanding Dec.

31,

Date of Maturity

Rate of Interest For Principal For Interest

Date Interest Computed to

INTERST ON NOTES – UTILITY BUDGET Interest on NotesLess: Interest Accrued to 12/31/ (Trial Balance)SubtotalAdd: Interest to be Accrued as of 12/31/

Important: If there is more than one utility in the municipality, identify each note.

All notes with an original date of issue of or prior require one legal payable installment to be budgeted if it is contemplated that such notes will be renewed in or written intent of permanent financing submitted.** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column. Required Appropriation -

of 78

Debt Service Schedule for Utility Assessment Notes

Budget RequirementTitle or Purpose of Issue Original Amount Issued


Amount of Note Outstanding Dec.

31,

Date of Maturity

Rate of Interest For Principal For Interest


Important: If there is more than one utility in the municipality, identify each note. Utility Assessment Notes with an original date of issue of December 31, or prior require one legally payable installment to be budgeted in the Dedicated Utility Assessment Budget if it is contemplated that such notes will be renewed in or written intent of permanent financing submitted with statement.** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".

of 78

Schedule of Capital Lease Program Obligations

Budget RequirementPurpose Amount of Obligation Outstanding Dec. 31, For Principal For Interest/FeesLeases approved by LFB after July 1, 2007

SubtotalLeases approved by LFB prior to July 1, 2007

SubtotalTotal

of 78

Schedule of Improvement Authorizations (Utility Capital Fund)

Balance - January 1, Balance December 31, IMPROVEMENTSSpecify each authorization by

purpose. Do not merely designate by a code number

Funded Unfunded Authorizations

Refunds, Transfers and Encumbrances Expended Authorizations Canceled Funded Unfunded

Total

of 78

Utility Capital SurplusSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit Credit


Utility Capital SurplusSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit


*The full amount of the appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

of 78

Utility FundCAPITAL IMPROVEMENTS AUTHORIZED IN

ANDDOWN PAYMENTS (N.J.S. 40A:2-11)

UTILITIES ONLY

Purpose Amount Appropriated Total Obligations Authorized

Down Payment Provided by Ordinance

Amount of Down Payment in Budget of

or Prior Years

Utility Capital FundStatement of Capital Surplus

YEAR

Debit Credit


ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018 … · Tax Title Liens 219,601.12 Prepaid School Taxes...

Documents

Transcript of ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2018 … · Tax Title Liens 219,601.12 Prepaid School Taxes...