ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2019(UNAUDITED)

POPULATION LAST CENSUS 6,147 NET VALUATION TAXABLE 2019 455,792,500

MUNICODE 117FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:

COUNTIES - JANUARY 26, 2020MUNICIPALITIES - FEBRUARY 10, 2020

ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTESANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TOCERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENTSERVICES.

Township of Mullica , County of Atlantic

SEE BACK COVER FOR INDEX AND INSTRUCTIONS.DO NOT USE THESE SPACES

Date

1 Preliminary Check

2 Examined

I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65 is complete, was computed by me andcan be supported upon demand by a register or other detailed analysis.

Signature

Title CFO

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

REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:

I hereby certify that I am responsible for filing this verified Annual Financial Statement, which I have preparedand information required also included herein and that this Statement is anexact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additionsare correct, that no transfers have been made to or from emergency appropriations and all statements contained hereinare in proof; I further certify that this statement is correct insofar as I can determine from all the books and recordskept and maintained in the Local Unit.

Further, I do hereby certify that I, Dawn M. Stollenwerk , am the Chief FinancialOfficer, License # N0470 , of the Township of Mullica , County of Atlantic and that thestatements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as atDecember 31, 2019, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances asto the veracity of required information included herein, needed prior to certification by the Director of Local Govern-ment Services, including the verification of cash balances as of December 31, 2019.

SignatureTitle CHIEF FINANCIAL OFFICERAddress PO Box 317 Elwood NJ 08217Phone Number (609) 561-7070Fax Number (609) 561-3031Email dstollenwerk@mullicatownship.org

IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPAREDBY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIALSTATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONSAND ASSERTIONS MADE HEREIN.

Sheet 1

Examined By:

NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

POST CLOSINGTRIAL BALANCE - CURRENT FUND

AS AT DECEMBER 31, 2019

Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Debit Credit

CASH & INVESTMENTS 2,759,731.00

DUE FROM STATE OF NEW JERSEY - SENIOR CITIZENS & VETERAN DEDUCTIONS 4,536.94

Due from Prudential - Payroll DCRP Contributions

TAXES RECEIVABLES:

PRIOR 1,731.53 CURRENT 398,518.53

SUBTOTAL TAXES RECEIVABLE 400,250.06

TAX TITLE LIENS RECEIVABLE 480,375.42

FORECLOSED PROPERTY 3,046,100.00

PROPERTY DEEDED TO TOWNSHIP 478,300.00

REVENUE ACCOUNTS RECEIVABLE 9,555.99

PREPAID SCHOOL TAX

INTERFUNDS:

DUE FROM GRANT FUND 0.00

DEFERRED CHARGES:

EMERGENCY AUTHORIZATIONS

SPECIAL EMERGENCY - TAX MAPS 0.00SPECIAL EMERGENCY - REVALUATION 150,000.00OVEREXPENDITURE OF APPRORIATIONS

DEFERRED SCHOOL TAXES

LOCAL SCHOOL 1,905,000.00REGIONAL HIGH SCHOOL 1,174,691.00

Page Subtotal 10,408,540.41 0.00

(Do not crowd - add additional sheets)

Sheet 3

Title of Account

NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

POST CLOSINGTRIAL BALANCE - CURRENT FUND (CONT'D)

AS AT DECEMBER 31, 2019

Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Debit Credit

APPROPRIATION RESERVES 117,984.23

PREPAID TAXES 225,014.65TAX OVERPAYMENTS 46,741.42ACCOUNTS PAYABLE 15,502.50DUE TO STATE OF NEW JERSEY

VETERANS AND SENIOR CITIZENS 0.00

LOCAL SCHOOL TAX PAYABLE 458,161.35REGIONAL HIGH SCHOOL TAX PAYABLE 424,294.00DUE COUNTY - ADDED AND OMITTED 0.00

INTERFUNDS

DUE TO GRANT FUND 7,743.88DUE TO TRUST FUND 136.15DUE TO CAPITAL FUND

OTHER LIABILITIES:

PAYROLL TAXES PAYABLE 12,432.63

SPECIAL EMERGENCY NOTE PAYABLE

DCA FEES PAYABLE 1,355.00

ENCUMBRANCES PAYABLE 159,614.67

MARRIAGE LICENSE PAYABLE 125.00

RESERVES: 0.00

JIF SAFETY MONEY 1,241.62

TAX MAP UPDATE 0.00

REVALUATION 34,900.00LANDSALE DEPOSITS 4,260.00

Cash Liabilities 1,509,507.10 "C"

RESERVE FOR RECEIVABLES 4,414,581.47

DEFFERED SCHOOL TAX PAYABLE:

LOCAL SCHOOL 1,905,000.00

REGIONAL HIGH SCHOOL 1,174,691.00

FUND BALANCE 1,404,760.84

10,408,540.41 10,408,540.41

(Do not crowd - add additional sheets)

Sheet 3a

Title of Account

NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

POST CLOSINGTRIAL BALANCE - SUMMARY CURRENT FUND AND

STATE FEDERAL GRANTSAS AT DECEMBER 31, 2019

Title of Account Debit Credit

Cash 85001 2,759,731 Taxes Receivable 85002 400,250 Tax Title Liens 85003 480,375 Foreclosed Property 85004 3,046,100 Other Receivables 85007 3,572,084

State and Federal Grants Receivable 85006 549,056

Emergencies and Deferred Charges 85005 0Special Emergencies 150,000

Total Assets 85008 10,957,597

Cash Liabilities 85009 1,746,108

Reserve for Receivables 85010 4,727,036

Deferred School Tax Payable 3,079,691

Fund Balance 85011 1,404,761

Total Liabilities, Reserves and Fund Balance 85012 10,957,597

Sheet 3b

POST CLOSING TRIAL BALANCE -FEDERAL AND STATE GRANTS

AS AT DECEMBER 31, 2019

Title of Account Debit Credit

CASH - GRANTS RECEIVABLE 549,056.11

INTERFUNDS:

DUE FROM/TO CURRENT FUND 7,743.88 DUE TO TRUST FUND

APPROPRIATED RESERVES 312,454.84 UNAPPROPRIATED RESERVES 3,932.28 CASH LIABILITIES:

CONTRACTS PAYABLE

RESERVE FOR ENCUMBRANCES 240,412.87

556,799.99 556,799.99

(Do not crowd - add additional sheets)

Sheet 5

POST CLOSINGTRIAL BALANCE - TRUST FUNDS

(Assessment Section Must Be Separately Stated)

AS AT DECEMBER 31, 2019

Debit Credit

DOG LICENSE TRUST FUND:

CASH 150.71

DUE TO STATE OF N.J. - FEES -

DUE TO CURRENT FUND

RESERVE FOR DOG FUND EXPENDITURES 150.71

TOTALS - DOG TRUST 150.71 150.71

OTHER TRUSTS :

CASH & INVESTMENTS 653,490.60

INTERFUNDS:

DUE TO/FROM CURRENT 136.15

MTRA LOANS RECEIVABLE 419,291.31

MISCELLANEOUS TRUST RESERVES 1,072,918.06

-

-

-

-

Totals 1,073,068.77 1,073,068.77

(Do not crowd - add additional sheets)

Sheet 6

Title of Account

AmountDec. 31, 2018 Balance

per Audit as atPurpose Report Receipts Disbursements Dec. 31, 2019

1. ACCUMULATED ABSENCE$ 28,289.79 500.00 $ 28,789.79

2. RECYCLING 20,315.93 3,947.30 (6,767.37) 17,495.86

3. TRUST OTHER 41,381.71 18,756.10 (18,997.41) 41,140.40

4. MTRA HOUSING REHAB 635,139.77 14,231.18 (23,913.00) 625,457.95

5. POLICE CONFISCATORY 14,386.83 87.42 0.00 14,474.25

6. DOG LICENSE 465.61 1,747.00 (2,061.90) 150.71

7. LANDFILL CLOSURE 88,161.55 535.79 88,697.34

8. TTL ACCOUNT 162,700.00 170,169.43 (176,969.43) 155,900.00

9. ESCROW 41,543.21 161,088.97 (101,669.71) 100,962.47

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

26.

27.

28.

29.

30.Totals: $ 1,032,384.40 $ 371,063.19 $ (330,378.82) $ 1,073,068.77

Sheet 6b

Schedule of Trust Fund Reserves

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO

LIABILITIES AND SURPLUS

RECEIPTSTitle of Liability to which Cash Auditand Investments are Pledged Balance Balance

Dec. 31, 2018 Assessments Current Disbursements Dec. 31, 2019and Liens Budget

Assessment Serial Bond Issues: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Assessment Bond Anticipation Note Issues: XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

Sheet 7

Other Liabilities - Trust Surplus - * Less Assets "Unfinanced" XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX

- - - - - - - - * Show as red figure

POST CLOSINGTRIAL BALANCE - GENERAL CAPITAL FUND

AS AT DECEMBER 31, 2019

Debit Credit

Est. Proceeds Bonds and Notes Authorized - XXXXXXXXBonds and Notes Authorized but Not Issued XXXXXXXX -

CASH & INVESTMENTS 423,528.26 DEFERRED CHARGES TO FUTURE TAXATION:

FUNDED 1,010,500.00 UNFUNDED 865,000.00

DUE FROM/TO CURRENT FUND

CONTRACTS PAYABLE 298,241.36

GENERAL CAPTIAL BONDS 865,000.00 BOND ANTICIPATION NOTES 1,010,500.00

IMPROVEMENT AUTHORIZATIONS:

FUNDED 18,141.73 UNFUNDED 55,503.75

RESERVE FOR PRELIMINARY EXPENSE 19,745.00 DOWN PAYMENT ON IMPROVEMENTS

CAPITAL IMPROVEMENT FUND 18,195.60

FUND BALANCE 13,700.82

2,299,028.26 2,299,028.26

(Do not crowd - add additional sheets)

Sheet 8

Title of Account

CASH RECONCILIATION DECEMBER 31, 2019Cash Less Checks Cash Book

*On Hand On Deposit Outstanding Balance

CURRENT 53,588.87 2,789,983.38 83,841.25 2,759,731.00

TRUST - ASSESSMENT 0.00

TRUST - DOG LICENSE 0.00 155.01 4.30 150.71

TRUST - OTHER 109.95 655,851.21 2,470.56 653,490.60

CAPITAL - GENERAL 0.00 465,791.24 42,262.98 423,528.26

Total 53,698.82 3,911,780.84 128,579.09 3,836,900.57 *Include Deposits In Transit **Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.

REQUIRED CERTIFICATION I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with theapplicable bank statements, certificates, agreements or passbooks at December 31, 2019. I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance havebeen verified with the applicable passbooks at December 31, 2019. All "Certificates of Deposit", "Repurchase Agreements" and other investments reported as cash and included inthis certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) ORCHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).

Signature: Title: CF0 - NO470

Sheet 9

CASH RECONCILIATION DECEMBER 31, 2019 (cont'd.)

LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

BB&TCurrent xxxxx383646 2,494,442.92

Tax Collection xxxxx383719 256,108.97Payroll xxxxx383735 39,431.49

Capital xxxxx383689 465,791.24

Dog xxxxx383662 155.01

Trust Other xxxxx383654 87,348.80TTL Redemption xxxxx383727 155,961.25Escrow Review xxxxx383670 103,202.93Mullica Confiscatory xxxxx383751 14,474.25Rehabiliation Authoristy xxxxx383697 206,166.64

Landfill Escrow xxxxx383743 88,697.34

TOTAL 3,911,780.84

Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund.

Sheet 9a

MUNICIPALITIES AND COUNTIES

FEDERAL AND STATE GRANTS RECEIVABLE

Balance 2019 BalanceGrant Jan. 1, 2019 Budget Received Canceled Dec. 31, 2019

RevenueRealized

Recyling Tonnage Grant 6,779.04 6,779.04 - Alcohol Education Rehabilitation Grant - Drunk Driving Enforcement Fund - Distracted Driving Grant 5,500.00 5,500.00 Body Armor Grant Receivable 1,682.98 1,682.98 - Municipal Alliance Grant 10,415.00 12,415.00 10,619.29 1,795.71 10,415.00 Click It or Ticket 5,500.00 5,500.00 - CDBG Home Investment Partnership 117,288.77 41,285.00 76,003.77

Shee

Clean Communities 22,946.56 22,946.56 - Federal Bulletproof Vest Partnership 1,106.25 1,041.59 449.50 1,698.34 Drive Sober or Get Pulled Over 5,500.00 5,500.00 11,000.00 - - NJDOT Grant 2019 - NJDOT Grant 2017 146,749.00 146,749.00 - NJDOT Grant 2018 169,920.00 169,920.00 NJDOT Grant 2019 - 210,519.00 210,519.00 FEMA Hazard Mitigation Grant 75,000.00 75,000.00

- - -

Subtotal 525,979.02 247,011.37 1,795.71 - 549,056.11

MUNICIPALITIES AND COUNTIES

FEDERAL AND STATE GRANTS RECEIVABLE

Balance 2019 BalanceGrant Jan. 1, 2019 Budget Received Canceled Appropriated Dec. 31, 2019

Revenue in 2019Realized

- - - - -

-

Sheet 10a - - - - - - - - - - -

Totals 525,979.02 - 247,011.37 1,795.71 - 549,056.11

SCHEDULE OF APPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS

Transferred from 2019Balance Budget Appropriations Balance

Grant January 1, 2019 Canceled Expended Encumb Encumb Dec. 31, 2019Budget Appropriation Canceled

By 40A:4-87

Recycling Tonnage Grant 595.23 6,779.04 979.23 160.00 6,235.04 Drunk Driving Enforcement Fund 6,465.28 3,361.30 3,103.98 Distracted Driving Grant - 5,500.00 5,500.00 Body Armor Grant 293.64 1,682.98 449.50 1,527.12 - Federal Vest Partnership 1,106.25 1,041.59 449.50 1,555.75 142.59 She

Municipal Alliance 2019-2020 15,519.00 6,358.44 9,160.56 Municipal Alliance 2018-2019 8,325.15 2,236.71 6,088.44 - CDBG-Home Investment Partnership 71,683.77 825.70 5,145.70 76,003.77 NJDOT 2017 10,949.00 10,949.00 - NJDOT 2018 169,920.00 169,920.00 - Alcohol Rebabiliation Grant 499.90 499.90 Clean Communities - 22,946.56 22,946.56 - Click It or Ticket - 5,500.00 5,500.00 - Recreation Grant 1,290.00 1,290.00 NJDOT 2019 210,519.00 210,519.00 Over the Limit Crackdown - - Drive Sober or Get Pulled Over 2,200.00 5,500.00 7,700.00 - FEMA Hazard Mitigation Grant 64,750.00 1,500.00 4,000.00 67,250.00 - Subtotals 338,078.22 245,500.02 29,488.15 2,236.71 67,107.67 9,145.70 240,412.87 312,454.84

SCHEDULE OF APPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS (cont.)

Transferred from 2019Balance Budget Appropriations Encumb Balance

Grant January 1, 2019 Cancelled Expended Canceled Encumb Dec. 31, 2019Budget Appropriation

By 40A:4-87

-

Sheet 11a

Totals 338,078.22 245,500.02 29,488.15 2,236.71 67,107.67 9,145.70 240,412.87 312,454.84

SCHEDULE OF UNAPPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS

Transferred from 2019Balance Budget Appropriations Balance

Grant January 1, 2019 Received Cancelled Dec. 31, 2019Budget Appropriation

By 40A:4-87

- DDEF Grant - Body Armor Grant - 3,932.28 3,932.28 Recycling Tonnage Grant -

- -

Sheet 12 - - - - - - - - -

Totals - - - - 3,932.28 - - 3,932.28

*LOCAL DISTRICT SCHOOL TAX

Debit Credit

Balance January 1, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85001-00 XXXXXXXX 1,080,365.45School Tax Deferred(Not in excess of 50% of Levy - 2018 - 2019) 85002-00 XXXXXXXX 1,161,109.00

Levy School Year July 1, 2019 - June 30, 2020 XXXXXXXX 4,726,323.00

Levy Calendar Year 2019 XXXXXXXX 0.00

Paid 4,604,636.10 XXXXXXXX

Balance December 31, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85003-00 458,161.35 XXXXXXXXSchool Tax Deferred (Not in excess of 50% of Levy - 2019-2020) 85004-00 1,905,000.00 XXXXXXXX

* Not including Type 1 school debt service, emergency authorizations-school, transfer to Board of Education for use of local schools. 6,967,797.45 6,967,797.45 # Must include unpaid requisitions

MUNICIPAL OPEN SPACE TAX

Debit Credit

Balance January 1, 2019 85045-00 XXXXXXXX

2019 Levy 81105-00 XXXXXXXX

Interest Earned XXXXXXXX

Expenditures XXXXXXXX

Balance December 31, 2019 85046-00 XXXXXXXX

0 0

Sheet 13

REGIONAL SCHOOL TAX(Provide a separate statement for each Regional District involved)

Debit Credit

Balance January 1, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85031-00 XXXXXXXXSchool Tax Deferred(Not in excess of 50% of Levy - 2018 - 2019) 85032-00 XXXXXXXX

Levy School Year July 1, 2019 - June 30, 2020 XXXXXXXX

Levy Calendar Year 2019 XXXXXXXX

Paid XXXXXXXX

Balance December 31, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85033-00 XXXXXXXXSchool Tax Deferred (Not in excess of 50% of Levy - 2019-2020) 85034-00 XXXXXXXX

# Must include unpaid requisitions 0 0

REGIONAL HIGH SCHOOL TAX

Debit Credit

Balance January 1, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85041-00 XXXXXXXX 315,909.00School Tax Deferred(Not in excess of 50% of Levy - 2018 - 2019) 85042-00 XXXXXXXX 1,174,691.00

Levy School Year July 1, 2019 - June 30, 2020 XXXXXXXX 3,197,970.00

Levy Calendar Year 2019 XXXXXXXX 0.00

Paid 3,089,585.00 XXXXXXXX

Balance December 31, 2019 XXXXXXXX XXXXXXXX

School Tax Payable # 85043-00 424,294.00 XXXXXXXXSchool Tax Deferred (Not in excess of 50% of Levy - 2019-2020) 85044-00 1,174,691 XXXXXXXX

# Must include unpaid requisitions 4,688,570.00 4,688,570.00

Sheet 14

COUNTY TAXES PAYABLE

Debit Credit

Balance January 1, 2019 XXXXXXXX XXXXXXXX

County Taxes 80003-01 XXXXXXXX 0.00

Due County for Added and Omitted Taxes 80003-02 XXXXXXXX 0.00

2019 Levy: XXXXXXXX XXXXXXXX

General County 80003-03 XXXXXXXX 2,238,486.80

County Library 80003-04 XXXXXXXX 165,132.97

County Health XXXXXXXX 104,268.22

County Open Space Preservation XXXXXXXX 5,867.74

Due County for Added and Omitted Taxes 80003-05 XXXXXXXX 4,824.33

Paid 2,518,580.06 XXXXXXXX

Balance December 31, 2019 XXXXXXXX XXXXXXXX

County Taxes 0.00 XXXXXXXXDue County for Added and Omitted Taxes 0.00 XXXXXXXX

2,518,580.06 2,518,580.06

SPECIAL DISTRICT TAXES

Debit Credit

Balance January 1, 2019 80003-06 XXXXXXXX

2019 Levy: (List Each Type of District Tax Separately - see Footnote) XXXXXXXX XXXXXXXX

Fire - 81108-00 XXXXXXXX XXXXXXXX

Sewer - 81111-00 XXXXXXXX XXXXXXXX

Water - 81112-00 XXXXXXXX XXXXXXXX

Garbage 81109-00 XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXX

Total 2019 Levy 80003-07 XXXXXXXX 0

Paid 80003-08 XXXXXXXXBalance December 31, 2019 80003-09 0 XXXXXXXX

0 0

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

Sheet 15

STATEMENT OF GENERAL BUDGET REVENUES 2019

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

Surplus Anticipated 80101- 509,000.00 509,000.00 0.00Surplus Anticipated with Prior Written Consent ofDirector of Local Government 80102-

Miscellaneous Revenue Anticipated: XXXXXXXX XXXXXXXX XXXXXXXX

Adopted Budget 1,234,832.02 1,238,633.15 3,801.13

Added by N.J.S. 40A:4-87 (List on 17a) XXXXXXXX XXXXXXXX XXXXXXXX

29,488.15 29,488.15 0.00

Total Miscellaneous Revenue Anticipated 80103- 1,264,320.17 1,268,121.30 3,801.13

Receipts from Delinquent Taxes 80104- 395,000.00 390,939.72 -4,060.28

Amount to be Raised by Taxation: XXXXXXXX XXXXXXXX XXXXXXXX

(a) Local Tax for Municipal Purposes 80105- 3,811,051.04 XXXXXXXX XXXXXXXX

(b) Addition to Local District School Tax 80106- 0.00 XXXXXXXX XXXXXXXX(c) Mnimum Library Tax

Total Amount to be Raised by Taxation 80107- 3,811,051.04 3,952,226.92 141,175.88

5,979,371.21 6,120,287.94 140,916.73

ALLOCATION OF CURRENT TAX COLLECTION

Debit Credit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 XXXXXXXX 13,773,825.94

Amount to be Raised by Taxation XXXXXXXX XXXXXXXX

Local District School Tax 80109-00 4,726,323.00 XXXXXXXX

Regional School Tax 80119-00 0.00 XXXXXXXX

Regional High School Tax 80110-00 3,197,970.00 XXXXXXXX

County Taxes 80111-00 2,513,755.73 XXXXXXXX

Due County for Added and Omitted Taxes 80112-00 4,824.33 XXXXXXXX

Special District Taxes 80113-00 0.00 XXXXXXXX

Municipal Open Space Tax 80120-00 0.00 XXXXXXXX

Reserve for Uncollected Taxes 80114-00 XXXXXXXX 621,274.04

Deficit in Required Collection of Current Taxes (or) 80115-00 XXXXXXXX 0.0

Balance for Support of Municipal Budget (or) 80116-00 3,952,226.92 XXXXXXXX

*Excess Non-Budget Revenue (see footnote) 80117-00 XXXXXXXX*Deficit Non-Budget Revenue (see footnote) 80118-00 XXXXXXXX

*These items are applicable only when there is no "Amount to be Raised by Taxation" in the 14,395,099.98 14,395,099.98"Budget" column of the statement at the top of this sheet. In such instances, any excessor deficit in the above allocation would apply to "Non-Budget Revenue" only.

Sheet 17

STATEMENT OF GENERAL BUDGET REVENUES 2019(Continued)

Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87

Source Budget Realized Excess or

Deficit

Click it or ticket 0.00 0.00

DDEF 0.00 0.00

Clean Communities 22,946.56 22,946.56

Federal Body Armor 1,041.59 1,041.59

Drive Sober 5,500.00 5,500.00

Total (Sheet 17) 29,488.15 29,488.15 0I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notication of the award of public or private revenue. These insertion meet the statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.CFO Signature_________________________________________________

Sheet 17a

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2019

2019 Budget as Adopted 80012-01 5,949,883.06

2019 Budget - Added by N.J.S. 40A:4-8 80012-02 29,488.15

Appropriated for 2019 (Budget Statement Item 9) 80012-03 5,979,371.21

Appropriated for 2019 by Emergency Appropriation (Budget Statement Item 9) 80012-04 0.00

Total General Appropriations (Budget Statement Item 9) 80012-05 5,979,371.21

Add: Overexpenditures (see footnote) 80012-06 0.00

Total Appropriations and Overexpenditures 80012-07 5,979,371.21

Deduct Expenditures:

Paid or Charged [Budget Statement Item (L)] 80012-08 5,239,467.63

Paid or Charged - Reserve for Uncollected Taxes 80012-09 621,274.04

Reserved 80012-10 117,984.23

Total Expenditures 80012-11 5,978,725.90

Unexpended Balances Canceled (see footnote) 80012-12 645.31

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 LOCALDISTRICT SCHOOL PURPOSES

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

2019 Authorizations

N.J.S. 40A:4-46 (After adoption of Budget)

N.J.S. 40A:4-20 (Prior to adoption of Budget)

Total Authorizations

Deduct Expenditures:

Paid or Charged

Reserved

Total Expenditures

Sheet 18

RESULTS OF 2019 OPERATION

CURRENT FUND

Debit Credit

Excess of anticipated Revenues: XXXXXXXXX XXXXXXXXX

Miscellaneous Revenues anticipated 80013-01 XXXXXXXXX 3,801.13

Delinquent Tax Collections 80013-02 XXXXXXXXX

XXXXXXXXX

Required Collection of Current Taxes 80013-03 XXXXXXXXX 141,175.88

Unexpended Balances of 2019 Budget Appropriations 80013-04 XXXXXXXXX 645.31

Miscellaneous Revenue Not Anticipated 81113- XXXXXXXXX 104,448.87Miscellaneous Revenue Not Anticipated:

Proceeds of Sale of Foreclosed Property (Sheet 27) 81114- XXXXXXXXX 6,619.75

Payments in Lieu of Taxes on Real Property 81120- XXXXXXXXX

Sale of Municipal Assets XXXXXXXXX 10,979.04

Unexpended Balances of 2018 Appropriation Reserves 80013-05 XXXXXXXXX 124,583.95

Prior Years Interfunds Returned in 2019 80013-06 XXXXXXXXX 43,921.46

Prior Year Vets & Senior Citizen Deduction XXXXXXXXX

Cancel Reserve Balances XXXXXXXXX 9,500.00

Cancel Grant Balances XXXXXXXXX 441.00

Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) XXXXXXXXX XXXXXXXXX

Balance January 1, 2019 80013-07 2,335,800.00 XXXXXXXXX

Balance December 31, 2019 80013-08 XXXXXXXXX 3,079,691.00

Deficit in Anticipated Revenues: XXXXXXXXX XXXXXXXXX

Miscellaneous Revenues Anticipated 80013-09 0.00 XXXXXXXXX

Delinquent Tax Collections 80013-10 4,060.28 XXXXXXXXX

XXXXXXXXX

Required Collection of Current Taxes 80013-11 0.00 XXXXXXXXX

Interfund Advances Originating in 2019 80013-12 0.00 XXXXXXXXX

XXXXXXXXX

Prior Year Vets & Senior Citizen Deduction XXXXXXXXX

Refund Prior Year Revenue 0.00 XXXXXXXXX

Prior Year Payroll Liability Adjustment 0.00 XXXXXXXXX

Deficit Balance - To Trial Balance (Sheet 3) 80013-13 XXXXXXXXX

Surplus Balance - To Surplus (Sheet 21) 80013-14 1,185,947.11 XXXXXXXXX

3,525,807.39 3,525,807.39

Sheet 19

SCHEDULE OF MISCELLANEOUS REVENUES

NOT ANTICIPATED

Source Amount Realized

Misc Licenses 7,912.00

Fees & Permits 19,047.80

Administrative Operations 26,211.64

Cable Franchise Fee 19,403.67

Miscellaneous 3,573.76

Community Champions Registration Fees 27,300.00

Billboard Lease 1,000.00

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 104,448.87

Sheet 20

SURPLUS - CURRENT FUNDYEAR 2019

Debit Credit

1. Balance January 1, 2019 80014-01 XXXXXXXXX 727,813.73

2. XXXXXXXXX

3. Excess Resulting from 2019 Operations 80014-02 XXXXXXXXX 1,185,947.11

4. Amount Appropriated in the 2019 Budget - Cash 80014-03 509,000.00 XXXXXXXXX5. Amount Appropriated in 2019 Budget - with Prior Written Consent of Director of Local Government Services 80014-04 0.00 XXXXXXXXX

6. XXXXXXXXX7. Balance December 31, 2019 80014-05 1,404,760.84 XXXXXXXXX

1,913,760.84 1,913,760.84

ANALYSIS OF BALANCE DECEMBER 31, 2019(FROM CURRENT FUND - TRIAL BALANCE)

Cash 80014-06 2,759,731.00

Investments 80014-07

Sub Total 2,759,731.00

Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 1,509,507.10

Cash Surplus 80014-09 1,250,223.90

Deficit in Cash Surplus 80014-10 ( )

Other Assets Pledged to Surplus: *(1) Due from State of NJ Senior Citizens and Veterans Deduction 80014-16 4,536.94 Deferred Charges # 80014-12 150,000.00 Cash Deficit # 80014-13

Total Other Assets 80014-14 154,536.94

* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS 80014-15 1,404,760.84 WOULD ALSO BE PLEDGED TO CASH LIABILITIES.# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET.(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.

NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.) N.J.S.40A:4-55.1 (Roads and Bridges, etc. ) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issuedand outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.

Sheet 21

(FOR MUNICIPALITIES ONLY)CURRENT TAXES - 2019 LEVY

1. Amount of Levy as per Duplicate (Analysis) # 82101-00 $ 14,252,717.98or

(Abstract of Ratables) 82113-00 $

2. Amount of Levy Special District Taxes 82102-00 $

3. Amount Levied for Omitted Taxes underN.J.S.A. 54:63-12 et seq. 82103-00 $ 0.00

4. Amount Levied for Added Taxes underN.J.S.A. 54:63-1 et seq. 82104-00 $ 27,230.39

5a. Subtotal 2019 Levy $ 14,279,948.375b. Reductions due to tax appeals** $

5c. Total 2019 Tax Levy 82106-00 $ 14,279,948.37

6. Transferred to Tax Title Liens 82107-00 $ 74,528.92

7. Transferred to Foreclosed Property 82108-00 $ 0.00

8. Remitted, Abated or Canceled 82109-00 $ 33,074.98

9. Discount Allowed 82110-00 $

10. Collected in Cash: In 2018 * 82121-00 $ 249,671.57

In 2019 * 82122-00 $ 13,465,372.88

R.E.A.P. Revenue $

State's Share of 2019 Senior Citizens and Veterans Deductions Allowed 82123-00 $ 58,781.49

Total to Line 14 82111-00 $ 13,773,825.94

11. Total Credits $ 13,881,429.84

12. Amounts Outstanding December 31, 2019 83120-00 $ 398,518.53

13. Percentage of Cash Collections to Total 2019 Levy,

(Item 10 divided by Item 5c) is 96.46 %

82112-00

Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a.

14. Calculation of Current Taxes Realized in Cash:

Total of Line 10 $ 13,773,825.94Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ 0.00

To Current Taxes Realized in Cash (Sheet 17) $ 13,773,825.94

Note A: In showing the above percentage the following should be noted:Where Item 5 shows $1,500,000.00 and Item 10 shows $1,049,977.50,the percentage represented by the cash collections would be$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage tobe shown as Item 13 is 69.99% and not 70.00%, nor 69.999%

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

* Include overpayments applied as part of 2019 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.

Sheet 22

(1) Utilizing Accelerated Tax Sale

Total of Line 10 Collected in cash (Sheet 22) ………………..……...…....……….. $ -

LESS: Proceeds from Accelerated Tax Sale ……...……….………………………. -

Net Cash Collected …………………………………………………………. $ -

Line 5c (Sheet 22) Total 2019 Tax Levy …………………………………………….. $ -

Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by item 5c) is ………………………………………….

(2) Utilizing Tax Levy Sale

Total of Line 10 Collected in cash (Sheet 22) ………………..……...…....……….. $ -

LESS: Proceeds from Tax Levy Sale (excluding premium) ……...……….…..….. -

Net Cash Collected …………………………………………………………. $ -

Line 5c (Sheet 22) Total 2019 Tax Levy …………………………………………….. $ -

Percentage of Collection Excluding Tax Levy Sale Proceeds(Net Cash Collected divided by item 5c) is ………………………………………….

Sheet 22a

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99

To Calculate Underlying Tax Collection Rate for 2019

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

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

Debit Credit

1. Balance January 1, 2019 XXXXXXXXX XXXXXXXXX

Due From State of New Jersey 4,755.45 XXXXXXXXX

Due To State of New Jersey XXXXXXXXX

2. Senior Citizens Deductions Per Tax Billings 16,000.00 XXXXXXXXX

3. Veterans Deductions Per Tax Billings 43,000.00 XXXXXXXXX

4. Senior Citizens Deductions Allowed By Tax Collector 1,000.00 XXXXXXXXX

5. Veterans Deductions Allowed by Collector 250.00

6. 2018 Senior Citizens Allowed by Collector 0.00

7. Senior Citizens Deductions Disallowed By Tax Collector XXXXXXXXX 1,468.51

8. Senior Citizens Deductions Disallowed By Tax Collector 2018 Taxes XXXXXXXXX 0.00

9. Received in Cash from State XXXXXXXXX 59,000.00

10.

11.

12. Balance December 31, 2019 XXXXXXXXX XXXXXXXXX

Due From State of New Jersey XXXXXXXXX 4,536.94

Due To State of New Jersey 0.00 XXXXXXXXX

65,005.45 65,005.45

Calculation of Amount to be included on Sheet 22, Item 10-2019 Senior Citizens and Veterans Deductions Allowed

Line 2 16,000

Line 3 43,000

Line 4 1,250

Sub-Total 60,250

Less: Line 7 1,469

To Item 10, Sheet 22 58,781

Sheet 23

Note: This sheet should be completed only if you are conducting an accelerated tax sale for thefirst time in the current year.

A. Reserve for Uncollected taxes (Sheet 25, Item 12) $

B. Reserve for Uncollected Taxes Exclusion:Outstanding Balance of Delinquent Taxes(sheet 26, Item 14A) x % ofcollection (Item 16) $

C. TIMES: % of increase of Amount to beRaised by Taxes over Prior Year [(2020 Estimated Total Levy - 2019 Total Levy) / 2019 Total Levy]

D. Reserve for Uncollected Taxes Exclusion Amount $ - [(B x C) +B]

E. Net Reserve for Uncollected TaxesAppropriation in Current Budget $ - (A - D)

2019 Reserve for Uncollected Taxes Appropriation Calculation (Actual)

1 Subtotal General Appropriations (item 8(L) budget sheet 29) $

2 Taxes not Included in the Budget (AFS 25, item 2 thru 7) $ 10,308,813.43

Total $ 10,308,813.43

3 Less: Anticipated Revenues (item 5, budget sheet 11 $ 1,942,813.02

4 Cash Required $ 13,498,590.43

5 Total Required at % (items 4+6) $ 13,498,590.43

6 Reserve for Uncollected Taxes (item E above) $ -

To Reserve For Uncollected Taxes Appropriation

ACCELERATED TAX SALE - CHAPTER 99

Calculation To Utilize Proceeds In Current Budget As Deduction

Sheet 25a

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

Debit Credit

Balance January 1, 2019 XXXXXXXXX 0

Taxes Pending Appeals XXXXXXXXX XXXXXXXXX

Interest Earned on Taxes Pending Appeals XXXXXXXXX XXXXXXXXXContested Amount of 2019 Taxes Collected whichare Pending State Appeal (Item 14, Sheet 22) XXXXXXXXX

Interest Earned on Taxes Pending State Appeals XXXXXXXXX

Cash Paid to Appelants (Including 5% Interest from Date of Payment) XXXXXXXXXClosed to Results of Operations(Portion of Appeal won by Municipality, including Interest) XXXXXXXXX

Balance December 31, 2019 0 XXXXXXXXX

Taxes Pending Appeals* XXXXXXXXX XXXXXXXXXInterest Earned on Taxes Pending Appeals XXXXXXXXX XXXXXXXXX

0 0* Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2019.

Signature of Tax Collector

License # Date

Sheet 24

COMPUTATION OF APPROPRIATION:RESERVE FOR UNCOLLECTED TAXES AND

AMOUNT TO BE RAISED BY TAXATIONIN 2020 MUNICIPAL BUDGET

Year 2020 Year 20191. Total General Appropriations for 2020 Municipal Budget StatementItem 8 (L) (Exclusive of Reserve for Uncollected Taxes) 80015- 5,132,590.02 XXXXXXXX

2. Local District School Tax - Actual 80016- 4,726,323 School Budget Estimate ** 80017- 4,532,949.00 XXXXXXXX

3. Regional School District Tax - Actual 80025-Estimate * 80026- XXXXXXXX

4. Regional High School Tax - Actual 80018- 3,197,970 School Budget Estimate * 80019- 3,081,200.00 XXXXXXXX

5. County Tax Actual 80020- 2,544,664 Estimate * 80021- 2,694,664.43 XXXXXXXX

6. Special District Taxes Actual 80022-Estimate * 80023- XXXXXXXX

7. Municipal Open Space Tax Actual 80027-Estimate * 80028- XXXXXXXX

8. Total General Appropriations & Other Taxes 80024-01 15,441,403.45 9. Less: Total Anticipated Revenues from 2020 in

Municipal Budget (Item 5) 80024-02 1,942,813.02 10. Cash Required from 2019 Taxes to Support Local

Municipal Budget and Other Taxes 80024-03 13,498,590.43 11. Amount of Item 10 Divided by v 95.60% [820054-04]

Equals Amount to be Raised by Taxation (Percentageused must not exceed the applicable percentageshown by Item 13, Sheet 22) 80024-05 14,119,864.47

Analysis of Item 11:Local District School Tax * May not be stated in an amount less than "actual"(Amount Shown on Line 2 Above) 4,532,949.00 Tax of year 2019Regional School District Tax(Amount Shown on Line 3 Above) ** Must be stated in the amount of the proposedRegional High School Tax budget submitted by the Local Board of Education(Amount Shown on Line 4 Above) 3,081,200.00 to the Commissioner of Education on January 15,County Tax 2020 (Chap. 136, P.L. 1978). Consideration must be(Amount Shown on Line 5 Above) 2,694,664.43 given to calendar year calculation.Special District Tax(Amount Shown on Line 6 Above)Municipal Open Space Tax(Amount Shown on Line 7 Above)

Tax in Local Municipal Budget 3,811,051.04

Total Amount (see Line 11) 14,119,864.47 12. Appropriation: "Reserve for Uncollected Taxes" (Budget

Statement, Item 8 (M) (Item 11, Less Item 10) 80024-06 621,274.04 Computation of "Tax in Local Municipal Budget" Note:

Item 1 - Total General Appropriations 5,132,590.02 The amount of anticipatedItem 12 - Appropriation: Reserve for Uncollected Taxes 621,274.04 revenues (Item 9) may Sub-Total 5,753,864.06 never exceed the total ofLess: Item 9 - Total Anticipated Revenues 1,942,813.02 Items 1 and 12.

Amount to be Raised by Taxation in Municipal Budget 80024-07 3,811,051.04

Sheet 25

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

Debit Credit

1. Balance January 1, 2019 793,784.91 XXXXXXXXA. Taxes 83102-00 387,808.26 XXXXXXXX XXXXXXXXB. Tax Title Liens 83103-00 405,976.65 XXXXXXXX XXXXXXXX

2. Canceled: XXXXXXXX XXXXXXXXA. Taxes 83105-00 XXXXXXXXB. Tax Title Liens 83106-00 XXXXXXXX 0.00

3. Transferred to Foreclosed Tax Title Liens XXXXXXXX XXXXXXXXA. Taxes 83108-00 XXXXXXXXB. Tax Title Liens 83109-00 XXXXXXXX

4. Added Taxes 83110-00 0.00 XXXXXXXX

5. Added Tax Title Liens 83111-00 XXXXXXXX 6. Adjustment between Taxes (Other than current year)

and Tax Title Liens XXXXXXXX XXXXXXXXA. Taxes - Transfers to Tax Title Liens 83104-00 XXXXXXXX (1) 40,291.29B. Tax Title Liens - Transfers from Taxes 83107-00 (1) 40,291.29 XXXXXXXX

7. Balance Before Cash Payments XXXXXXXX 793,784.91

8. Totals 834,076.20 834,076.20

9. Balance Brought Down 793,784.91 XXXXXXXX

10. Collected: XXXXXXXX 390,939.72A. Taxes 83116-00 345,785.44 XXXXXXXX XXXXXXXXB. Tax Title Liens 83117-00 45,154.28 XXXXXXXX XXXXXXXX

11. Interest and Costs - 2019 Tax Sale 83118-00 4,732.84 XXXXXXXX

12. 2019 Taxes Transferred to Liens 83119-00 74,528.92 XXXXXXXX

13. 2019 Taxes 83123-00 398,518.53 XXXXXXXX

14. Balance December 31, 2019 XXXXXXXX 880,625.48A. Taxes 83121-00 400,250.06 XXXXXXXX XXXXXXXXB. Tax Title Liens 83122-00 480,375.42 XXXXXXXX XXXXXXXX

15. Totals 1,271,565.20 1,271,565.20

16. Percentage of Cash Collections to Adjusted Amount Outstanding(Item No. 10 divided by Item No. 9) is 49.25% %

17. Item No. 14 multiplied by percentage shown above is 433,709 and represents themaximum amount that may be anticipated in 2019. 83125-00

(See Note A on Sheet 22 - Current Taxes)

(1) These amounts will always be the same.

Sheet 26

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

Debit Credit

1. Balance January 1, 2019 84101-00 3,061,400 XXXXXXXXX2. Foreclosed or Deeded in 2019 XXXXXXXXX XXXXXXXXX3. Tax Title Liens 84103-00 XXXXXXXXX4. Taxes Receivable 84104-00 XXXXXXXXX5A. 84102-00 XXXXXXXXX5B. 84105-00 XXXXXXXXX6. Adjustment to Assessed Valuation 84106-00 XXXXXXXXX7. Adjustment to Assessed Valuation 84107-00 XXXXXXXXX 08. Sales XXXXXXXXX XXXXXXXXX9. Cash * 84109-00 XXXXXXXXX 6,619.7510. Contract 84110-00 XXXXXXXXX11. Mortgage 84111-00 XXXXXXXXX12. Loss on Sales 84112-00 XXXXXXXXX 8,680.2513. Gain on Sales 84113-00 XXXXXXXXX14. Balance December 31, 2019 84114-00 XXXXXXXXX 3,046,100

3,061,400 3,061,400

CONTRACT SALES

Debit Credit

15. Balance January 1, 2019 84115-00 XXXXXXXXX16. 2019 Sales from Foreclosed Property 84116-00 XXXXXXXXX17. Collected * 84117-00 XXXXXXXXX18. 84118-00 XXXXXXXXX19. Balance December 31, 2019 84119-00 XXXXXXXXX

0 0

MORTGAGE SALES

Debit Credit

20. Balance January 1, 2019 84120-00 XXXXXXXXX21. 2019 Sales from Foreclosed Property 84121-00 XXXXXXXXX22. Collected * 84122-00 XXXXXXXXX23. 84123-00 XXXXXXXXX24. Balance December 31, 2019 84124-00 XXXXXXXXX

0 0

Analysis of Sale of Property: $6,619.75* Total Cash Collected in 2019 (84125-00)

Realized in 2019 Budget 0

To Results of Operation (Sheet 19) $6,619.75

Sheet 27

DEFERRED CHARGES-MANDATORY CHARGES ONLY-

CURRENT, TRUST, AND GENERAL CAPITAL FUNDS(Do not include the emergency authorizations pursuant to N.J.S. 40A:55,

N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30.)

AmountCaused By: Dec. 31, 2018 Amount in Amount Balance

per Audit 2019 Resulting as ofReport Budget from 2019 Dec. 31, 2019

1. Emergency Authorization -Municipal * $ $ $ $ -

2. Emergency Authorizations -Schools $ $ $ $ -

3. Overexpenditure of Appropriations $ $ $ - $ -

4. $ $ $ $

5. $ $ $ $

6. $ $ $ $

7. $ $ $ $

8. $ $ $ $

9. $ $ $ $

10. $ $ $ $

* Do not include items funded or refunded listed below.

EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEENFUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51

Date Purpose Amount

1. $

2. $

3. $

4. $

5. $

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

Appropriated forin Budget of

In favor of On Account of Date Entered Amount Year 2020

1. $

2. $

3. $

4. $

Sheet 28

N.J.S. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPSFOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICI-PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.

Amount Not Less Than Balance REDUCED IN 2019 BalanceDate Purpose Authorized 1/5 of Amount Dec. 31, 2018 Dec. 31, 2019

Authorized* By 2019 CanceledBudget by Resolution

6/24/2014 Tax Map Updates 70,000.00 14,000.00 14,000.00 14,000 - 2/10/2017 Property Revaluation 250,000.00 50,000.00 200,000.00 50,000 150,000.00

Sheet 29

Totals 320,000.00 64,000.00 214,000.00 64,000.00 - 150,000.00 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

. 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, 2019' must be entered here and then raised in the 2020 budget.

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

Amount Not Less Than Balance REDUCED IN 2019 BalanceDate Purpose Authorized 1/3 of Amount Dec. 31, 2018 Dec. 31, 2019

Authorized* By 2019 CanceledBudget by Resolution

-

Sheet 30

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:4-55.1 et seq. and N.J.S. 40A:4-55.13 et seq. and are recorded on this page

. Chief Financial Officer

* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column 'Balance Dec. 31, 2019' must be entered here and then raised in the 2020 budget.

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR BONDS

(COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS

2020 Debt

Debit Credit Service

Outstanding January 1, 2019 80033-01 XXXXXXXX 1,020,000 Issued 80033-02 XXXXXXXXPaid 80033-03 155,000 XXXXXXXX

Outstanding, December 31, 2019 80033-04 865,000 XXXXXXXX

1,020,000 1,020,000

2020 Bond Maturities - General Capital Bonds 80033-05 160,000 2020 Interest on Bonds * 80033-06 40,000

ASSESSMENT SERIAL BONDSOutstanding January 1, 2019 80033-07 XXXXXXXX - Issued 80033-08 XXXXXXXXPaid 80033-09 XXXXXXXX

Outstanding, December 31, 2019 80033-10 - XXXXXXXX

- -

2020 Bond Maturities - Assessment Bonds 80033-11

2020 Interest on Bonds * 80033-12

Total "Interest on Bonds - Debt Service" (*Items) 80033-13 -

LIST OF BONDS ISSUED DURING 2019

Date of InterestPurpose 2020 Maturity Amount Issued Issue Rate

Total - - 80033-14 80033-15

Sheet 31

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR LOANS

(COUNTY) (MUNICIPAL) Green Trust LOAN

Debit Credit 2020 DebtService

Outstanding January 1, 2019 80033-01 XXXXXXXX XX

Issued 80033-02 XXXXXXXX XX

Paid 80033-03 XXXXXXXX XX

Outstanding, December 31, 2019 80033-04 0 XXXXXXXX XX0 0

2020 Loan Maturities 80033-05 $

2020 Interest on Loans 80033-06 $

Total 2020 Debt Service for Green Acres Loan 80033-13 $ 0

Type I LOAN

Outstanding January 1, 2019 80033-07 XXXXXXXX XX

Issued 80033-08 XXXXXXXX XX

Paid 80033-09 XXXXXXXX XX

Outstanding, December 31, 2019 80033-10 XXXXXXXX XX

0 0

2020 Loan Maturities 80033-11 $

2020 Interest on Loans 80033-12 $

Total 2020 Debt Service for 80033-13 $ 0

LIST OF LOANS ISSUED DURING 2019

Purpose 2020 Maturity Amount Issued Date of InterestIssue Rate

Total 0 080033-14 80033-15

Sheet 31a

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2020 DEBT SERVICE FOR BONDS

TYPE I SCHOOL TERM BONDS

2020 DebtDebit Credit Service

Outstanding January 1, 2019 80034-01 XXXXXXXXPaid 80034-02 XXXXXXXX

Outstanding, December 31, 2019 80034-03 - XXXXXXXX- -

2020 Bond Maturities - Term Bonds 80034-042020 Interest on Bonds * 80033-06

TYPE I SCHOOL SERIAL BONDOutstanding January 1, 2019 80034-06 XXXXXXXXIssued 80034-07 XXXXXXXXPaid 80034-08 XXXXXXXX

Outstanding, December 31, 2019 80034-09 - XXXXXXXX- -

2020 Interest on Bonds * 80034-102020 Bond Maturities - Serial Bonds 80034-11 Total "Interest on Bonds - Type I School Debt Service" (*Items) 80034-12 -

LIST OF BONDS ISSUED DURING 2019

Date of InterestPurpose 2020 Maturity Amount Issued Issue Rate

-01 -02

Total 80035- - -

2019 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY

Outstanding 2020 InterestDec. 31, 2019 Requirement

1. Emergency Notes 80036-

2. Special Emergency Notes 80037-

3. Tax Anticipation Notes 80038-

4. Interest on Unpaid State and County Taxes 80039-

5. _________________________________

6. _________________________________

Sheet 32

DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

Original Original Amount Date Rate 2020 Budget Requirement InterestTitle or Purpose of Issue Amount Date of of Note of of Computed to

Issued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)Dec. 31, 2019 **

1. Ord 11-2009 Various Improvements 489,000 5/20/2010 89,000 5/6/2020 2.30% 27,472 2,047 5/6/2020 2. Ord 6-2013 Mold Remediations 95,000 5/15/2013 47,500 5/6/2020 2.30% 5,000 1,093 5/6/2020 3. Ord 07-2019 - Purchase of Equipment 874,000 10/29/2019 874,000 10/29/2020 2.00% 0 17,480 10/29/2020 4.

Sheet 33 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.

Total 1,458,000 1,010,500 32,472 20,620Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. 80051-01 80051-02Memo : Type 1 School Notes should be separately listed and totaled.* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.

All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 orwritten intent of permanent financing submitted with statement.

** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. (Do not crowd - add additional sheets)

DEBT SERVICE FOR ASSESSMENT NOTES

Original Original Amount Date Rate 2019 Budget Requirement InterestTitle or Purpose of Issue Amount Date of of Note of of Computed to

Issued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)Dec. 31, 2018 **

1. 2. 3. 4.

Sheet 34 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.

Total 0 0 0 0Memo: *See Sheet 33 for clarification of "Original Date of Issue" 80051-01 80051-02

Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement.

** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd - add additional sheets)

Amount 2020 Budget RequirementPurpose of Obligation

Outstanding For Principal For Interest/FeesDec. 31, 2019

1.

2.

3.

4.

5.

6.

Sheet 34a 7.

8.

9.

10.

11.

12.

13.

14.

Total80051-01 80051-02

(Do not crowd - add additional sheets)

SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

IMPROVEMENTS Balance - January 1, 2019 Balance - December 31, 2019Specify each authorization by purpose. Do 2019 prior year Expended Authorizations

not merely designate by a code number Funded Unfunded Authorizations Encumbrances Canceled Funded UnfundedCancelled

Ord 6-2012 Various Capital Improvements 1,342.36 1,342.36 - Ord 6-2015 Various Capital Improvements 156,387.14 142,267.14 14,120.00 Ord 11-2016 Computer Equip/Software 101.44 101.44 -

Ord 5-2017 Facilities Improvements 12,948.73 9,031.00 3,917.73

Sheet 35 Ord 7-2019 - Various improvements 920,000.00 864,392.25 104.00 55,503.75

- - - -

Balance 170,779.67 - 920,000.00 - 1,017,032.75 101.44 18,141.73 55,503.75 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

GENERAL CAPITAL FUND

SCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit Credit

Balance January 1, 2019 80031-01 XXXXXXXXX 64,195.60

Received from 2019 Budget Appropriation * 80031-02 XXXXXXXXX -

XXXXXXXXXImprovement Authorizations Canceled

(financed in whole by the Capital Improvement Fund) 80031-03 XXXXXXXXX -

List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXXXXX XXXXXXXXX

Reserve for road study - XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

XXXXXXXXX

Appropriated to Finance Improvement Authorizations 80031-04 46,000 XXXXXXXXX

XXXXXXXXX

Balance December 31, 2019 80031-05 18,195.60 XXXXXXXXX

64,195.60 64,195.60

* The full amount of the 2019 budget appropriation should be transferred to this account unless the balance ofthe appropriation is to be permitted to lapse.

Sheet 36

GENERAL CAPITAL FUND

SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit

Balance January 1, 2019 80030-01 XXXXXXXXX -

Received from 2019 Budget Appropriation * 80030-02 XXXXXXXXX -

Received from 2019 Emergency Appropriation * 80030-03 XXXXXXXXX

Appropriated to Finance Improvement Authorizations 80030-04 - XXXXXXXXX

XXXXXXXXX

Balance December 31, 2019 80030-05 - XXXXXXXXX

- -

* The full amount of the 2019 appropriation should be transferred to this account unless the balance of theappropriation is permitted to lapse.

CAPITAL IMPROVEMENTS AUTHORIZED IN 2019AND DOWN PAYMENTS (N.J.S. 40A:2-11)

GENERAL CAPITAL FUND ONLY

Total Down Payment Amount of DownPurpose Amount Obligations Provided by Payment in Budget

Appropriated Authorized Ordinance of 2019 or PriorYears

Ord 7-2019 Various Improvements 920,000 874,000 46,000 46,000

Total 80032-00 920,000 874,000 46,000 46,000.00

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

Sheet 37

GENERAL CAPITAL FUND

STATEMENT OF CAPITAL SURPLUS

YEAR - 2019

Debit Credit

Balance January 1, 2019 80029-01 XXXXXXXX 52,722.45

Premium on Sale of Bonds XXXXXXXX -

Funded Improvement Authorizations Canceled XXXXXXXX 10,978.37

Appropriated to Finance Improvement Authorizations 80029-02 XXXXXXXX

Appropriated to 2019 Budget Revenue 80029-03 50,000.00 XXXXXXXX

Balance December 31, 2019 80029-04 13,700.82 XXXXXXXX

63,700.82 63,700.82

BONDS ISSUED WITH A COVENANT OR CONVENANTS

1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,P. L. 1944, Chapter 268, P. L. 1944, Chapter 428, P. L. 1943 orChapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants;Outstanding December 31, 2019. $

2. Amount of Cash in Special Trust Fund as of December 31, 2019 (Note A) $

3. Amount of Bonds Issued Under Item 1Maturing in 2020 $

4. Amount of Interest on Bonds with aCovenant - 2020 Requirement $

5. Total of 3 and 4 - Gross Appropriation $

6. Less Amount of Special Trust Fund to be Used $

7. Net Appropriation Required $

NOTE A This amount to be supported by confirmation from bank or banks.

Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto.

Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with theamount of Item 7 extended into the 2019 appropriation column.

Sheet 38