The URL can be used to link to this page

Home My Public Portal About2019 Annual Financial StatementANNUAL FINANCIAL STATEMENT FOR THE YEAR 2019 (UNAUDITED) POPULATION LAST CENSUS 10,590 NET VALUATION TAXABLE 2019 4,245,681,100 MUNICODE 0220 FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2020 MUNICIPALITIES - FEBRUARY 10, 2020 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. BOROUGH of FRANKLIN LAKES , County of BERGEN SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES Date Examined By: 1 Preliminary Check 2 Examined I hereby certify that the debt shown on Sheets 31 to 34, 49 to 51 and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature dlerch@lvhcpa.cpm Title Registered Municipal Accountanl (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, or (which I have not prepared) #iMiaate eae} 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 G. Pike am the Chief Financial Officer, License # N-0834 of the BOROUGH of FRANKLIN LAKES County of BERGEN and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2019, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurance 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, 2019. Signature wpike@franklinlakes.org Title Chief Financial Officer Address 480 DeKorte Drive, Franklin Lakes, NJ 07417 Phone Number (201) 891-0048 x1215 Fax Number (201) 891-1471 IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN. Sheet 1 THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS: Preparation by Registered Municipal Account (Statement of Statutory Auditor Only) I have prepared the post -closing trial balances, related statement and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the BOROUGH of FRANKLIN LAKES as of December 31, 2019 and have applied certain agreed -upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended. Because the agreed -upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post -closing trial balances, related statements and analyses. In connection with the agreed -upon procedures, (8XG8pt f^• ^ 6taA^e^ ^ef f9l'th 13819., . FRa#e.^) or (no matters) rT came to my attention that caused me to believe that the Annual Financial Statement for the year ended Dec. 31, 2019 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 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: Dieter Lerch (Registered Municipal Accountant) Lerch, Vinci & Higgins, LLP (Firm Name) 17-17 Route 208 North (Address) Certified by me Fair Lawn, New Jersey 07417 (Address) this 2 day March 12020 (201) 791-7100 (Phone Number) (201) 791-3035 (Fax Number) Sheet 1a MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination. CERTIFICATION OF QUALIFYING MUNICIPALITY 1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%; 2. All emergencies approved for the previous fiscal year did not exceed 3% of total appropriations; 3. The tax collection rate exceeded 90%; 4. Total deferred charges did not equal or exceed 4% of the total tax levy; 5. There were no "procedural deficiencies" noted by the registered municipal accountant on Sheet 1 a of the Annual Financial Statement; and 6. There was no operating deficit for the previous fiscal year. 7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive years. 8. The municipality did not conduct a tax levy sale the previous fiscal year and does not plan to conduct one in the current year. 9. The current year budget does not contain a Levy or Appropriation "CAP" waiver. 10. The municipality has not applied for Transitional Aid for 2020 The undersigned certifies that this municipality has complied in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A. C. 5:30-7.5. Municipality: BOROUGH OF FRANKLIN LAKES Chief Financial Officer: William G. Pike Signature: wpike@franklinlakes.org Certificate #: N-0834 Date: 3/2/2020 Municipality: Chief Financial Officer: Signature: Certificate #: Date: Sheet lb 22-6001815 Fed I.D. # BOROUGH OF FRANKLIN LAKES Municipality BERGEN County Report of Federal and State Financial Assistance Expenditures of Awards Fiscal Year Ending: December 31, 2019 (1) (2) (3) Federal programs Expended State Other Federal (administered by Programs Programs the state) Expended Expended TOTAL $ 57,004.00 $ 65,927.00 $ Type of Audit required by Title 2 U.S. Code of Federal Regulations (CFR) (Uniform Requirements) and OMB 15-08. Single Audit Program Specific Audit X 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 Title 2 U.S. Code of Federal Regulations(CFR) OMB 15-08. (Uniform Guidance) and OMB 15-08. The single audit threshold has been been increased to $750,000 beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code of Federal Regulations (CFR) (Uniform Guidance). (1) Report expenditures from federal pass -through programs received directly from state government. Federal pass -through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass -through entities. Exclude state aid (i.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state government. wpike@franklinlakes.org Signature of Chief Financial Officer 3/2/2020 Date Sheet 1 c IMPORTANT! READ INSTRUCTIONS INSTRUCTIONS 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 of if a "utility fund" existed on the books of account, do not sign this statement and do not remove any of the UTILITY sheets from the document. CERTIFICATION I hereby certify that there was no "utility fund" on the books of account and there was no utility owned and operated by the BOROUGH of FRANKLIN LAKES County of BERGEN during the year 2019 and that sheets 40 to 68 are unnecessary. I have therefore removed from this statement the sheets pertaining only to utilities. Name Title (This must be signed by the Chief Financial Office, Comptroller, Auditor or Registered Municipal Account.) .1.11ra1 When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet in the statement) in order to provide a protective cover sheet to the back of the document. MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2019 Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2020 and filed with the County Board of Taxation on January 10, 2020 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $ 4,297,626,000.00 ebrown@frankliniakes.org SIGNATURE OF TAX ASSESSOR BOROUGH OF FRANKLIN LAKES MUNICIPALITY BERGEN COUNTY Sheet 2 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL 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 Title of Account Debit II Credit CASH 5,024,023.00 INVESTMENTS DUE FROM/TO STATE -VETERANS AND SENIOR CITIZENS - 4,193.00 GRANT RECEIVABLE 825,581.00 Receivables with Full Reserves: TAXES RECEIVABLE: PRIOR 4,697.00 CURRENT 546,481.00 SUBTOTAL 551,178.00 TAX TITLE LIENS RECEIVABLE 12,600.00 PROPERTY ACQUIRED FOR TAXES - CONTRACT SALES RECEIVABLE - MORTGAGE SALES RECEIVABLE - DUE FROM - TRUST FUND 288.00 DUE FROM - ASSESSMENT TRUST 20,918.00 DEFERRED CHARGES: EMERGENCY SPECIAL EMERGENCY (40A:4-55) - DEFICIT - totals 11 6,434,588.00 4,193.00 (Do not crowd - add additional sheets) Sheet 3 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL 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 Title of Account 11 Debit IF —Credit TOTALS FROM PAGE 3 6,434,588.00 4,193.0.0 APPROPRIATION RESERVES 260,166.00 ENCUMBRANCES PAYABLE 692,388.00 CONTRACTS PAYABLE TAX OVERPAYMENTS PREPAID TAXES 812,949.00 DUE TO STATE: MARRIAGE LICENCE 53.00 DCA TRAINING FEES 15,856.00 LOCAL SCHOOL TAX PAYABLE REGIONAL SCHOOL TAX PAYABLE - REGIONAL H.S.TAX PAYABLE - COUNTY TAX PAYABLE - DUE COUNTY - ADDED & OMMITTED 166,271.00 SPECIAL DISTRICT TAX PAYABLE - RESERVE FOR TAX APPEAL 66,870.00 RESERVE FOR RECREATION ONLINE FEES 3,214.00 RESERVE FOR ENCUMBRANCES - GRANTS 36,988.00 APPROPRIATED RESERVES - GRANTS 911,354.00 PAGE TOTAL II 6,434,588.00 II 2,970,302.00 (Do not crowd - add additional sheets) Sheet 3a NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL 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 ..C.. (Do not crowd - add additional sheets) Sheet 3a.1 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND ACCOUNTS 01 AND 02 AS AT DECEMBER 31, 2019 *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program. Sheet 4 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS AT DECEMBER 31, 2019 Title of Account II Debit II Credit CASH GRANTS RECEIVABLE 825,581.00 GRANT RECEIVABLE RECLASSIFIED TO CURRENT (825,581.00) NOTE: BOROUGH DOES NOT UTILIZE A FERERAL AND STATE GRANT FUND. GRANTS ARE RECORDED IN THE CURRENTFUND DUE FROWTO CURRENT FUND II II ENCUMBRANCES PAYABLE II II GRANT RESERVES RECLASSIFIED TO CURRENT 911,354.00 APPROPRIATED RESERVES 911,354.00 UNAPPROPRIATED RESERVES - Sheet 5 POST CLOSING TRIAL BALANCE -- TRUST FUNDS (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2019 Title of Account 11 Debit Credit DOG TRUST FUND CASH 2O,213.00 DUE TO - DUE TO STATE OF NJ 13.00 RESERVE FOR DOG FUND 20,200.00 FUND TOTALS 20,213.00 I1 20,213.00 ASSESSMENT TRUST FUND CASH 180, 761.00 DUE TO - GENERAL CAPITAL 163,414.00 DUE TO - CURRENT 20,918.00 ASSESSMENTS RECEIVABLE 3,571.00 RESERVE FOR: FUND TOTALS I 184,332.00 II 184,332.00 MUNICIPAL OPEN SPACE TRUST FUND CASH - FUND TOTALS I II LOSAP TRUST FUND CASH FUND TOTALS 11 - II (Do not crowd - add additional sheets) Sheet 6 POST CLOSING TRIAL BALANCE -- TRUST FUNDS (CONT'D) (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2019 Title of Account CDBG TRUST FUND CASH DUE TO - Debit FUND TOTALS II - II OTHER TRUST FUNDS Credit CASH 2,410,700.00 DUE TO CURRENT 288.00 PAYROLL DEDUCTIONS AND WITHHOLDINGS PAYABLE 28,199.00 RESERVE FOR AFFORDABLE HOUSING 293,195.00 ESCROW DEPOSITS 1,652,023.00 MISCELLANEOUS RESERVES 436.995.00 UNEMPLOYMENT CASH 26,300.00 DUE TO STATE 360.00 RESERVES FOR UNEMPLOYMENT 25,940.00 OTHER TRUST FUNDS PAGE TOTAL 11 2 inn not rrnw`l _ nrld nrlditinnal chaatcl Sheet 6.1 POST CLOSING TRIAL BALANCE -- TRUST FUNDS (CONT'D) (Assessment Section Must Be Separately Stated) AS AT DECEMBER 31, 2019 Sheet 6. TOTALS SCHEDULE OF TRUST FUND RESERVES Amount Dec. 31, 2018 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, 2019 Tax Sale Premiums $243,920 $112,300 $73,300 282,920.00 Tax Sale Certificate Redemptions - 65,941.00 64,598.00 1,343.00 Parking Offenses Adjudication Act 816.00 98.00 914.00 Off Duty Police Fees 17,002.00 373,340.00 327,931.00 62,411.00 Public Safety Trust Fund 900.00 900.00 Monuments 15,125.00 15,125.00 Municipal Alliance Program 990.00 2,650.00 2,000.00 1,640.00 Flexible Spending Account 10,700.00 2,413.00 13,113.00 Town Fair Celebration 19,036.00 24,570.00 22,948.00 20,658.00 Open Space Recreation Trust 1.00 1.00 Mayor's Wellness Program 18,144.00 49,108.00 46,792.00 20,460.00 Memorial Pond Donations 9,335.00 626.00 9,961.00 Beautification Pond 5,730.00 5,730.00 Municipal Court Deposits 1,146.00 31.00 1,177.00 Police Dept- Unclaimed Money 1,342.00 213.00 1,129.00 Miscellaneous Reserves 9,474.00 9,474.00 ESCROW DEPOSITS - Escrow Bonds $531,539 $192,635 $69,000 655,174.00 Engineering / Legal Fees 130,775.00 27,309.00 25,327.00 132,757.00 Soil Deposits 530,769.00 259,962.00 258,938.00 531,793.00 Mt. Shadow Escrow Bond - - Tree Escrow Fund 28,059.00 14,272.00 13,787.00 Street Escrow 18,000.00 18,000.00 Accutrak - Engineering/Legal Fees 551,246.00 129,496.00 380,230.00 300,512.00 COAH Affordable Housing 890,347.00 261,603.00 858,755.00 293,195.00 $ 3,034,396.00 $ 1,502,082.00 $ 2,154,265.00 $ PAGE TOTAL 2,382,213.00 Sheet 6b SCHEDULE OF TRUST FUND RESERVES (CONT'D) Amount Dec. 31, 2018 Balance per Audit as at Purpose Report Receipts Disbursements Dec. 31, 2019 PREVIOUS PAGE TOTAL 3,034,396.00 1,502,082.00 2,154,265.00 2,382,213.00 PAGE TOTAL $ 3,034,396.00 $ 1,502,082.00 $ 2,154,265.00 $ 2,382,213.00 Sheet 6b TOTAL ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments are Pledged Audit Balance Dec. 31, 2018 RECEIPTS Disbursements Balance Dec. 31, 2019 Assessments and Liens Current Budget Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Other Liabilities Trust Surplus *Less Assets"Unfinanced" xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Assessment Receivable - Imp. To Wildwood (1,063.00) 991.00 (72.00) Assessment Receivable - Imp. To Ryerson Rd 7,017.00 3,518.00 3,499.00 Due to General Capital 163,414.00 163,414.00 Due to Current Fund 20,221.00 697.00 20,918.00 175,555.00 4,509.00 697.00 180,761.00 *Show as red figure POST CLOSING TRIAL BALANCE -- GENERAL CAPITAL FUND AS AT DECEMBER 31, 2019 (Do not crowd - add additional sheets) Sheet 8 POST CLOSING TRIAL BALANCE -- GENERAL CAPITAL FUND AS AT DECEMBER 31, 2019 Title of Account PREVIOUS PAGE TOTALS Debit II Credit 14,792,319.00 II 1,260,948.00 BOND ANTICIPATION NOTES PAYABLE 3,040,000.00 GENERAL SERIAL BONDS 7,450,000.00 TYPE 1 SCHOOL BONDS - LOANS PAYABLE - CAPITAL LEASES PAYABLE - RESERVE FOR CAPITAL PROJECTS 267.533.00 IMPROVEMENT AUTHORIZATIONS: FUNDED 502,768.00 UNFUNDED 1,000,656.00 ENCUMBRANCES PAYABLE 452,278.00 RESERVE TO PAY DEBT 462,626.00 RESERVE TO PAY BANS CAPITAL IMPROVEMENT FUND 249,769.00 DOWN PAYMENTS ON IMPROVEMENTS - CAPITAL FUND BALANCE 105,741.00 14, 792, 319.00 14, 792, 319.00 (Do not crowd - add additional sheets) Sheet 8.1 CASH RECONCILIATION DECEMBER 31, 2019 Cash Less Checks Outstanding Cash Book Balance 'On Hand On Deposit Current 71,432.00 5,173,639.00 221,048.00 5,024,023.00 Grant Fund _ Trust - Dog License 20,213.00 20,213.00 Trust - Assessment 180,761.00 180,761.00 Trust - Municipal Open Space _ Trust - LOSAP Trust - CDBG Trust- Other 2,449,268.00 38,568.00 2,410,700.00 Trust - Unemployment 26,300.00 26,300.00 General Capital 1,639,596.00 1,639,596.00 UTILITIES: Sewer 191,028.00 191,028.00 Total 71,432.00 9,680,805.00 259,616.00 9,492,621.00 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 the applicable bank statements, certificates, agreements or passbooks at December 31, 2019. 1 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 passbook at December 31, 2019. All "Certificates of Deposits". 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: dlerch@lvhcpa.com Title: Registered Municipal Accountant Sheet 9 CASH RECONCILIATION DECEMBER 31, 2019 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Current Savings - Columbia Bank 5,091,141.00 Claims Account - Columbia Bank 79,284.00 Recreation Online Fees - Columbia Bank 3,214.00 Assessment Trust Checking - Columbia Bank 180,761.00 Animal Control Checking - Columbia Bank 20,213.00 General Capital Checking - Columbia Bank 1,639,595.00 Community Development - Columbia Bank 1.00 Other Trust - General Trust - Columbia Bank 1,055,905.00 Other Trust - Developer's Escrow Trust - Columbia Bank 309,056.00 Other Trust - Developer's Escrow - Columbia Bank 141,652.00 Other Trust - Soil Permit - Columbia Bank 605,969.00 Other Trust - COAH Trust - Columbia Bank 293,195.00 Other Trust - Recreation Trust - Columbia Bank 1.00 Other Trust - Public Events Trust - Columbia Bank - Other Trust - Flexible Spending - Columbia Bank 13,113.00 Other Trust - Net Payroll - Columbia Bank 2,178.00 Other Trust - Payroll Agency - Columbia Bank 28,199.00 Sewer Utility Checking - Columbia Bank 191,028.00 Unemployment - Columbia Bank 26,300.00 PAGE TOTAL 9,680,805.00 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 CASH RECONCILIATION DECEMBER 31, 2019 (cont'd) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Note: Sections N.J.S. 40AA-61, 40AA-62 and 40AA-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a TOTAL MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Grant Balance Jan. 1,2019 2019 Budget Revenue Realized Received Other Cancelled Balance Dec.31,2019 Clean Communities Grant $30,534 $30,534 Recycling Tonnage Grant 12,939.00 12,939.00 Municipal Alliance Program 14,766.00 9,876.00 10,061.00 14,581.00 Drunk Driving Enforcement Fund 3,142.00 3,142.00 Distracted Driving 5,252.00 5,252.00 Body Armor Replacement Program 2,593.00 2,593.00 Franklin Lakes Rec Foundation 25,000.00 25,000.00 CDBG - Handicap Accessible Ramps 27,800.00 27,800.00 Private Donation 16,100.00 16,100.00 Alcohol Education and Rehabilitation 161.00 161.00 FEMA - Fire Department SAFER Grant 624,000.00 624,000.00 NJUCF Reforestation & Tree Planting 25,823.00 25,823.00 NJ DOT Municipal Aid Program 187,000.00 187,000.00 PAGE TOTALS 638,766.00 2L6,220 00jL 9,405.00 825,581.00 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE (cont'd) Grant Balance Jan. 1,2019 2019 Budget Revenue Realized Received Other Cancelled Balance Dec. 5 ,2019 PREVIOUS PAGE TOTALS 638,766.00 346,220.00 159,405.00 825,581.00 PAGE TOTALS 638,766.00 W02 0.00 15%405.00 IL825,581.00 MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE (cont'd) Grant Balance Jan. 1,2019 2019 Budget Revenue Realized Received Other Cancelled Balance Dec. 5 ,2019 PREVIOUS PAGE TOTALS 638,766.00 346,220.00 159,405.00 825,581.00 TOTALS 638,766.00 346,220.00 159,405.00 825,581.00 co m m SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2019 Transferred from 2019 Budget Appropriations Expended Other Cancelled Balance Dec. 31, 2019 Budget l 11 Appropriation By 40A:4-87 Recycling Tonnage Grant $17 $12,939 $7,824 5,132.00 Drunk Driving Enforcement 11,514.00 $3,142 14,656.00 Drive Sober or Get Pulled Over 5,184.00 5,184.00 Distracted Driving 5,252.00 5,252.00 Clean Communties 57,195.00 30,534.00 19,371.00 68,358.00 FEMA - Fire De artement Safer Grant 607,063.00 57,004.00 550,059.00 Municipal Alliance 2,354.00 9,876.00 5,009.00 7,221.00 Municipal Alcohol Ed/ Rehab 1,302.00 161.00 1,463.00 Private Donations 3,284.00 16,100.00 15,000.00 4,384.00 Dog Park Donations 35.00 35.00 Citizens Corp- CERT Trailers 700.00 700.00 Murphy Grant -OEM Building Improvements 10,152.00 595.00 9,557.00 Body Armor Replacement Grant 2,593.00 2,593.00 NJUCD Reforestation & Tree Planting 25,823.00 25,283.00 540.00 NJDOT Municipal Aid Program 187,000.00 187,000.00 Franklin Lakes Red Foundation 25,000.00 1 12,195.001 1 1 12,805.00 Handicap Accessible Curb 27,800.00 27,800.00 Meyer Foundation - FLPD Cars & Software 66,758.00 50,298.00 16,460.00 PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2019 Transferred from 2019 Budget Appropriations Expended Other Cancelled Balance Dec. 31, 2019 Budget l 11 Appropriation By 40A:4-87 PREVIOUS PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 co S N N fp SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2019 Transferred from 2019 Budget Appropriations Expended Other Cancelled Balance Dec. 31, 2019 Budget l 11 Appropriation By 40A:4-87 PREVIOUS PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 o m m �? a SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Grant Balance Jan. 1, 2019 Transferred from 2019 Budget Appropriations Expended Other Cancelled Balance Dec. 31, 2019 Budget l 11 Appropriation By 40A:4-87 PREVIOUS PAGE TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 TOTALS 765,558.00 346,220.00 200,424.00 911,354.00 SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS o� N *LOCAL DISTRICT SCHOOL TAX Debit Credit Balance - January 1, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Pa able # 85001-00 xxxxxxxxxxx c oo ax a erre Not in excess of 50% of Lev - 2018 - 2019 85002-00 xxxxxxxxxxx Levy School Year July 1, 2019 - June 30, 2020 xxxxxxxxxxx Levy Calendar Year 2019 xxxxxxxxxxx 27,558,911.00 Paid 27,558,911.00 xxxxxxxxxx Balance - December 31, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Pa able # 85003-00 - xxxxxxxxxx c oo ax a erre Not in excess of 50% of Lev - 2019 - 2020 85004-00 xxxxxxxxxx Not including Type 1 school debt service, emergency authorizations -schools, transfer to 27,558,91 1.00 27,558,91 1.00 Board of Education for use of local schools. # Must include unpaid requisitions. MUNICIPAL OPEN SPACE TAX Debit Credit Balance - January 1, 2019 85045-00 xxxxxxxxxxx 2019 Levy 81105-00 xxxxxxxxxxx Interest Earned xxxxxxxxxxx Expenditures xxxxxxxxxx Balance - December 31, 2019 85046-00 xxxxxxxxxx # Must include unpaid requisitions. Sheet 13 REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved) Debit Credit Balance - Januar 1, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Payable # 85031-00 xxxxxxxxxxx School ax Deferred Not in excess of 50% of Lev - 2018 - 2019 85032-00 xxxxxxxxxxx Levy School Year July 1, 2019 - June 30, 2020 xxxxxxxxxxx Levy Calendar Year 2019 xxxxxxxxxxx Paid xxxxxxxxxx Balance - December 31, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Pa able # 85033-00 xxxxxxxxxx c oo ax a erre Not in excess of 50% of Lev - 2019 - 2020 85034-00 xxxxxxxxxx # Must include unpaid requisitions. REGIONAL HIGH SCHOOL TAX Debit Credit Balance - Januar 1, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Payable # 85041-00 xxxxxxxxxxx School ax Deferred Not in excess of 50% of Lev - 2018 - 2019 85042-00 xxxxxxxxxxx Levy School Year July 1, 2019 - June 30, 2020 xxxxxxxxxxx Levy Calendar Year 2019 xxxxxxxxxxx 19,168,218.00 Paid 19,168,218.00 xxxxxxxxxx Balance - December 31, 2019 xxxxxxxxxxx xxxxxxxxxx School Tax Payable # 85043-00 - xxxxxxxxxx School ax Deferred Not in excess of 50% of Lev - 2019 - 2020 85044-00 xxxxxxxxxx # Must include unpaid requisitions. 19,168,218.00 19,168,218.00 Sheet 14 COUNTY TAXES PAYABLE Debit Credit Balance - January 1, 2019 xxxxxxxxxxx xxxxxxxxxx County Taxes 80003-01 xxxxxxxxxxx 35,720.00 Due County for Added and Omitted Taxes 80003-02 xxxxxxxxxxx 2019 Lev : xxxxxxxxxxx xxxxxxxxxx General County 80003-03 xxxxxxxxxxx 10,413,988.00 County Library 80003-04 xxxxxxxxxxx County Health xxxxxxxxxxx County Open Space Preservation xxxxxxxxxxx 446,694.00 Due County for Added and Omitted Taxes 80003-05 xxxxxxxxxxx 166,271.00 Paid 10,896,402.00 xxxxxxxxxx Balance - December 31, 2019 xxxxxxxxxxx xxxxxxxxxx County Taxes xxxxxxxxxx Due County for Added and Omitted Taxes 166,271.00 xxxxxxxxxx 11, 062,673.00 11, 062,673.00 SPECIAL DISTRICT TAXES Debit Credit Balance - Januar 1,2019 80003-06 xxxxxxxxxxx 2019 Levy: (List Each Type of District Tax Separately - see Footnote) xxxxxxxxxxx xxxxxxxxxx Fire- 81108-00 xxxxxxxxxxx xxxxxxxxxx Sewer- 81111-00 xxxxxxxxxxx xxxxxxxxxx Water- 81112-00 xxxxxxxxxxx xxxxxxxxxx Garbage - 81109-00 xxxxxxxxxxx xxxxxxxxxx xxxxxxxxxxx xxxxxxxxxx xxxxxxxxxxx xxxxxxxxxx xxxxxxxxxxx xxxxxxxxxx Total 2019 Levy 80003-07 xxxxxxxxxxx Paid 80003-08 xxxxxxxxxx Balance - December 31, 2019 80003-09 xxxxxxxxxx Footnote: Please state the number of districts in each instance. Sheet 15 STATEMENT OF GENERAL BUDGET REVENUES 2019 Source Budget -01 11 Realized -02 Excess or Deficit' -03 Surplus Anticipated 80101- 2,390,000.00 2,390,000.00 - Surplus Anticipated with Prior Written Consent of Director of Local Government 80102- - Miscellaneous Revenue Anticipated: XXXXXXXXX XXXXXXXXX XXXXXXXXX Adopted Budget 4,670,282.00 4,630,357.00 (39,925.00) Added by N.J.S. 40AA-87 List on 17a 294,989.00 294,989.00 - Total Miscellaneous Revenue Anticipated 80103- 4,965,271.00 4,925,346.00 39,925.00 Receipts from Delinquent Taxes 80104- 340,000.00 339,637.00 (363.00) Amount to be Raised by Taxation: XXXXXXXXX XXXXXXXXX XXXXXXXXX (a) Local Tax for Municipal Purposes 80105- 10,620,857.00 XXXXXXXXX XXXXXXXXX (b) Addition to Local District School Tax 80106- XXXXXXXXX XXXXXXXXX (c) Minimum Library Tax 80121- 1,476,936.00 XXXXXXXXX XXXXXXXXX Total Amount to be Raised by Taxation 80107- 12,097,793.00 12,972,752.00 874,959.00 19,793,064.00 20,627,735.00 834,671.00 ALLOCATION OF CURRENT TAX COLLECTIONS Debit Credit Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 XXXXXXXXX 69,821,834.00 Amount to be Raised by Taxation XXXXXXXXX XXXXXXXXX Local District School Tax 80109-00 27,558,911.00 XXXXXXXXX Regional School Tax 80119-00 - XXXXXXXXX Regional High School Tax 80110-00 19,168,218.00 XXXXXXXXX County Taxes 80111-00 10,860,682.00 XXXXXXXXX Due County for Added and Omitted Taxes 80112-00 166,271.00 XXXXXXXXX Special District Taxes 80113-00 - XXXXXXXXX Municipal Open Space Tax 80120-00 - XXXXXXXXX Reserve for Uncollected Taxes 80114-00 XXXXXXXXX 905,000.00 Deficit in Required Collection of Current Taxes (or) 80115-00 XXXXXXXXX - Balance for Support of Municipal Budget or 80116-00 12,972,752.00 XXXXXXXXX 'Excess Non -Budget Revenue see footnote 80117-00 XXXXXXXXX 'Deficit Non -Budget Revenue (see footnote) 80118-00 XXXXXXXXX *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 70,726,834.00 70,726,834.00 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. 40AA-87 written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40AA-87 and matching funds have been provided if applicable. CFO Signature: wpike@franklinlakes.org Sheet 17a STATEMENT OF GENERAL BUDGET REVENUES 2019 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40AA-87 written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40AA-87 and matching funds have been provided if applicable. CFO Signature: Sheet 17a.1 STATEMENT OF GENERAL BUDGET REVENUES 2019 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40AA-87 written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40AA-87 and matching funds have been provided if applicable. CFO Signature: Sheet 17a.2 STATEMENT OF GENERAL BUDGET REVENUES 2019 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40AA-87 written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40AA-87 and matching funds have been provided if applicable. CFO Signature: Sheet 17a.3 STATEMENT OF GENERAL BUDGET REVENUES 2019 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40AA-87 written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40AA-87 and matching funds have been provided if applicable. CFO Signature: Sheet 17a Totals STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2019 2019 Budget as Adopted 80012-01 19,498,075.00 2019 Budget - Added by N.J.S. 40AA-87 80012-02 294,989.00 Appropriated for 2019 (Budget Statement Item 9 80012-03 19,793,064.00 Appropriated for 2019 by Emergency Appropriation (Budget Statement Item 9) 80012-04 Total General Appropriations (Budget Statement Item 9 80012-05 19,793,064.00 Add: Overexpenditures (see footnote) 80012-06 Total Appropriations and Overexpenditures 80012-07 19,793,064.00 Deduct Expenditures: Paid or Charged [Budget Statement Item L 80012-08 18,626,620.00 Paid or Charged - Reserve for Uncollected Taxes 80012-09 905,000.00 Reserved 80012-10 260,166.00 Total Expenditures 80012-11 19,791,786.00 Unexpended Balances Canceled see footnote 80012-12 1,278.00 FOOTNOTES -RE :OVEREXPENDITURES Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled". SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE) 2019 Authorizations N.J.S. 40AA-46 (After adoption of Budget) N.J.S. 40AA-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 Delinquent Tax Collections 80013-02 xxxxxxxxx - xxxxxxxxx Required Collection of Current Taxes 80013-03 xxxxxxxxx 874,959.00 Unexpended Balances of 2019 Budget Appropriations 80013-04 xxxxxxxxx 1,278.00 Miscellaneous Revenue Not Anticipated 81113- xxxxxxxxx 272,077.00 Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property Sheet 27 81114- xxxxxxxxx Payments in Lieu of Taxes on Real Property 81120- xxxxxxxxx Sale of Municipal Assets xxxxxxxxx Unexpended Balances of 2018 Appropriation Reserves 80013-05 xxxxxxxxx 252,842.00 Prior Years Interfunds Returned in 2019 80013-06 xxxxxxxxx 9,279.00 Cancellation of Accounts Payable xxxxxxxxx 97,854.00 xxxxxxxxx xxxxxxxxx Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) xxxxxxxxx xxxxxxxxx Balance - January 1, 2019 80013-07 - xxxxxxxxx Balance - December 31, 2019 80013-08 xxxxxxxxx - Deficit in Anticipated Revenues: xxxxxxxxx xxxxxxxxx Miscellaneous Revenues Anticipated 80013-09 39,925.00 xxxxxxxxx Delinquent Tax Collections 80013-10 363.00 xxxxxxxxx xxxxxxxxx Required Collection on Current Taxes 80013-11 - xxxxxxxxx Interfund Advances Originating in 2019 80013-12 xxxxxxxxx Refund Prior Year Taxes and Revenues 126,349.00 xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Deficit Balance - To Trial Balance Sheet 3 80013-13 xxxxxxxxx - Surplus Balance - To Surplus (Sheet 21) 80013-14 1,341,652.00 xxxxxxxxx 1,508,289.00 1,508,289.00 Sheet 19 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Sheet 20 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Sheet 20.1 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED Sheet 20 Totals SURPLUS - CURRENT FUND YEAR - 2019 11 Debit Eiii 1. Balance - January 1, 2019 80014-01 xxxxxxxxx 3,927,650.00 2. xxxxxxxxx 3. Excess Resulting from 2019 Operations 80014-02 xxxxxxxxx 1,341,652.00 4. Amount Appropriated in the 2019 Budget - Cash 80014-03 2,390,000.00 xxxxxxxxx b. Amount Appropriated in 2019 Budget- with nor ri en - Consent of Director of Local Government Services 80014-04 - xxxxxxxxx 6. xxxxxxxxx 7. Balance - December 31, 2019 80014-05 2,879,302.00 xxxxxxxxx 11 5,269,302.00 5,269,302.00 ANALYSIS OF BALANCE DECEMBER 31, 2019 (FROM CURRENT FUND - TRIAL BALANCE) Cash 80014-06 5,024,023.00 Investments 80014-07 Sub Total 5,024,023.00 Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 2,970,302.00 Cash Surplus 80014-09 2,053,721.00 Deficit in Cash Surplus 80014-10 Other Assets Pledged to Surplus:* (1) Due from State of N.J. Senior Citizens and Veterans Deduction 80014-16 - Deferred Charges # 80014-12 Cash Deficit # 80014-13 Grants Receivable 825,581.00 Total Other Assets 80014-141 825,581.00 IN THE CASE OF A "DEFICIT IN CASH SURPLUS', "OTHER ASSETS' 80014-15 2,879,302.00 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. 40AA-55 (Tax Map, etc.), N.J.S. 40AA-55 (Flood Damage, etc.), N.J.S. 40AA-55.1 (Roads and Bridges, etc.) and N.J.S. 40AA-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis. Sheet 21 (FOR MUNICIPALITIES ONLY) CURRENT TAXES - 2019 LEVY 1. Amount of Levy as per Duplicate (Analysis) # 82101-00 $ 69,714,084.00 or (Abstract of Ratables) 82113-00 $ 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 N.J.S.A. 54:4-63.1 et seq. 5a. Subtotal 2019 Levy 5b. Reductions due to tax appeals ** 5c. Total 2019 Tax Levy 6. Transferred to Tax Title Liens 7. Transferred to Foreclosed Property 8. Remitted, Abated or Canceled 9. Discount Allowed 10. Collected in Cash: In 2018 In 2019 Homestead Benefit Credit State's Share of 2019 Senior Citizens and Veterans Deductions Allowed Total To Line 14 12. Amount Outstanding December 31, 2019 $ 70,775,463.00 13. Percentage of Cash Collections to Total 2019 Levy, (Item 10 divided by Item 5c) is 98.65% 82112-00 82102-00 $ 82103-00 $ 82104-00 $ 1,061,379.00 82106-00 $ 70,775,463.00 82107-00 $ 711.00 82108-00 $ 9,240.00 82108-00 $ 397,197.00 82108-00 $ 82121-00 $ 566,701.00 82122-00 $ 68,941,824.00 $ 269,309.00 82123-00 $ 44,000.00 82111-00 $ 69,821,834.00 $ 70,228,982.00 82120-00 $ 546,481.00 Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here Eland complete sheet 22a. 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 $ 69,821,834.00 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ To Current Taxes Realized in Cash (Sheet 17) $ 69,821,834.00 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 to be 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 include Senior 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 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. (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 $ 69,821,834.00 $ 69,821,834.00 $ 70,775,463.00 98.65% $ 69,821,834.00 $ 69,821,834.00 $ 70,775,463.00 98.65% SCHEDULE OF DUE FROM / TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit Credit 1. Balance - Januar 1,2019 xxxxxxxxx xxxxxxxxx Due From State of New Jersey xxxxxxxxx Due To State of New Jersey xxxxxxxxx 3,943.00 2. Sr. Citizens Deductions Per Tax Billings 2,250.00 xxxxxxxxx 3. Veterans Deductions Per Tax Billings 41,750.00 xxxxxxxxx 4. Deductions Allowed By Tax Collector 250.00 xxxxxxxxx 5. Deductions Allowed By Tax Collector 2018 Taxes 6. 7. Deductions Disallowed By Tax Collector xxxxxxxxx 250.00 8. Deductions Disallowed By Tax Collector Prior Taxes xxxxxxxxx 9. Received in Cash from State xxxxxxxxx 44,250.00 10. 11. 12. Balance - December 31, 2019 xxxxxxxxx xxxxxxxxx Due From State of New Jersey xxxxxxxxx - Due To State of New Jersey 4,193.00 xxxxxxxxx 48,443.00 48,443.00 Calculation of Amount to be included on Sheet 22, Item 10 - 2019 Senior Citizens and Veterans Deductions Allowed Line 2 2,250.00 Line 3 41,750.00 Line 4 250.00 Sub - Total 44,250.00 Less: Line 7 250.00 To Item 10, Sheet 22 44,000.00 Sheet 23 SCHEDULE OF RESERVE FOR TAX APPEALS PENDING - N.J. DIVISION OF TAXATION APPEALS (N.J.S.A. 54:3-27) Debit Credit Balance - January 1, 2019 xxxxxxxxxx 35,288.00 Taxes Pending Appeals 35,288.00 xxxxxxxxxx xxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxx Contested Amount of 2019 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) XXXXXXXXXX Interest Earned on Taxes Pending State Appeals xxxxxxxxxx Lapsed Appropriation Reserve 31,582.00 Cash Paid to Appellants (Including 5% Interest from Date of Payment) xxxxxxxxx Closed o Results of Operation (Portion of Appeal won by Municipality, including Interest) xxxxxxxxx Balance - December 31, 2019 66,870.00 xxxxxxxxx Taxes Pending Appeals* 66,870.00 xxxxxxxxx xxxxxxxxx Interest Earned on Taxes Pending Appeals xxxxxxxxx xxxxxxxxx Includes State Tax Court and County Board of Taxation 66,870.00 66,870.00 Appeals Not Adjusted by December 31, 2019 msivakumar@franklinlakes.org Signature of Tax Collector T-8367 3/2/2020 License # Date Sheet 24 SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS Debit Credit 1. Balance - January 1, 2019 356,224.00 xxxxxxxxx A. Taxes 83102-00 343,095.00 xxxxxxxxx xxxxxxxxx B. Tax Title Liens 83103-00 13,129.00 xxxxxxxxx xxxxxxxxx 2. Canceled: xxxxxxxxx xxxxxxxxx A. Taxes 83105-00 xxxxxxxxx B. Tax Title Liens 83106-00 xxxxxxxxx 3. Transferred to Foreclosed Tax Title Liens: xxxxxxxxx xxxxxxxxx A. Taxes 83108-00 xxxxxxxxx 9,240.00 B. Tax Title Liens 83109-00 xxxxxxxxx 4. Added Taxes 83110-00 xxxxxxxxx 5. Added Tax Title Liens 83111-00 xxxxxxxxx 6. Adjustment between Taxes (Other than current year) and Tax Title Liens; xxxxxxxxx A. Taxes - Transfers to Tax Title Liens 83104-00 xxxxxxxxx 1 B. Tax Title Liens - Transfers from Taxes 83107-00 1 xxxxxxxxx 7. Balance Before Cash Payments xxxxxxxxx 346,984.00 8. Totals 356,224.00 356,224.00 9. Balance Brought Down 346,984.00 xxxxxxxxx 10. Collected: xxxxxxxxx 339,637.00 A. Taxes 83116-00 338,398.00 xxxxxxxxx xxxxxxxxx B. Tax Title Liens 83117-00 1,239.00 xxxxxxxxx xxxxxxxxx 11. Interest and Costs - 2019 Tax Sale 83118-00 xxxxxxxxx 12. 2019 Taxes Transferred to Liens 83119-00 710.00 xxxxxxxxx 13. 2019 Taxes 83123-00 555,721.00 xxxxxxxxx 14. Balance - December 31, 2019 xxxxxxxxx 563,778.00 A. Taxes 83121-00 551,178.00 xxxxxxxxx xxxxxxxxx B. Tax Title Liens 83122-00 12,600.00 xxxxxxxxx xxxxxxxxx 15. Totals 903,415.00 903,415.00 16. Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 97.88% 17. Item No. 14 multiplied by percentage shown above isi 551,825.91 and represents the maximum amount that may be anticipated in 2020. 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 xxxxxxxxx 2. Foreclosed or Deeded in 2019 xxxxxxxxx xxxxxxxxx 3. Tax Title Liens 84103-00 - xxxxxxxxx 4. Taxes Receivable 84104-00 9,240.00 xxxxxxxxx 5A. 84102-00 xxxxxxxxx 5B. 84105-00 xxxxxxxxx 6. Adjustment to Assessed Valuation 84106-00 xxxxxxxxx 7. Adjustment to Assessed Valuation 84107-00 xxxxxxxxx 9,240.00 8. Sales xxxxxxxxx xxxxxxxxx 9. Cash' 84109-00 xxxxxxxxx 10. Contract 84110-00 xxxxxxxxx 11. Mortgage 84111-00 xxxxxxxxx 12. Loss on Sales 84112-00 xxxxxxxxx 13. Gain on Sales 84113-00 xxxxxxxxx 14. Balance - December 31, 2019 84114-00 xxxxxxxxx - 9,240.00 9,240.00 CONTRACT SALES Debit Credit 15. Balance - January 1, 2019 84115-00 xxxxxxxxx 16. 2019 Sales from Foreclosed Property 84116-00 xxxxxxxxx 17. Collected' 84117-00 xxxxxxxxx 18. 84118-00 xxxxxxxxx 19. Balance - December 31, 2019 84119-00 xxxxxxxxx MORTGAGE SALES Debit Credit 20. Balance - January 1, 2019 84120-00 xxxxxxxxx 21. 2019 Sales from Foreclosed Property 84121-00 xxxxxxxxx 22. Collected' 84122-00 xxxxxxxxx 23. 84123-00 xxxxxxxxx 24. Balance - December 31, 2019 84124-00 xxxxxxxxx Analysis of Sale of Property: $ . Total Cash Collected in 2019 Realized in 2019 Budget To Results of Operation (Sheet 19) (84125-00) Sheet 27 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 listed on Sheets 29 and 30.) Amount Caused By Dec. 31, 2018 Amount in Amount Balance per Audit 2019 Resulting as at Report Budget from 2019 Dec. 31, 2019 Emergency Authorization - Municipal' $ $ $ $ - Emergency Authorization - Schools $ $ $ $ Overexpenditure of Appropriations —$ $ $ $ TOTAL DEFERRED CHARGES $ - $ $ $ *Do not include items funded or refunded as listed below. 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 1. $ 2. $ 3. $ 4. $ 5. $ JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in 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 MAPS FOR FLOOD CONTROL, PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM, MUNICIPAL CONSOLIDATION ACT, FLOOD OR HURRICANE DAMAGE. Date Purpose Amount Authorized Not Less Than 1/5 of Amount Authorized* Balance Dec. 31, 2018 REDUCED IN 2019 Balance Dec. 31, 2019 By 2019 Budget Canceled By Resolution 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. 40AA-53 et seq. and are recorded on this page wpike@franklinlakes.org Chief Financial Officer Not less than one -fifth (1/5) of amount authorized but not more than the amount 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 FLOODS N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Date Purpose Amount Authorized Not Less Than 1/3 of Amount Authorized* Balance Dec. 31, 2018 REDUCED IN 2019 Balance Dec. 31, 2019 By 2019 Bud et 11 Canceled By Resolution 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. 40AA-55.1 et seq. and N.J.S. 40AA-55.13 et seq. and are recorded on this page wpike@franklinlakes.org Chief Financial Officer * Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2019 'must be entered here and then raised in the 2020 budget. SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR BONDS GENERAL CAPITAL BONDS Debit Credit 2020 Debt Service Outstanding - January 1,2019 80033-01 xxxxxxxxx 8,500,000.00 $ 1,100,000.00 Issued 80033-02 xxxxxxxxx Paid 80033-03 1,050,000.00 xxxxxxxxx Outstanding - December 31, 2019 80033-04 7,450,000.00 xxxxxxxxx 8, 500, 000.00 8, 500, 000.00 2020 Bond Maturities- General Capital Bonds 80033-05 2020 Interest on Bonds' 80033-06 $ 204,200.00 $ ASSESSMENT SERIAL BONDS Outstanding - January 1,2019 80033-07 xxxxxxxxx Issued 80033-08 xxxxxxxxx Paid 80033-09 xxxxxxxxx Outstanding - December 31, 2019 80033-10 xxxxxxxxx 2020 Bond Maturities - Assessment Bonds 80033-11 2020 Interest on Bonds' 80033-12 $ $ 204,200.00 Total 'Interest on Bonds - Debt Service" ('Items) 80033-13 LIST OF BONDS ISSUED DURING 2019 80033-14 80033-15 Sheet 31 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR LOANS LOAN Debit Credit 2020 Debt Service Outstanding - January 1,2019 80033-01 xxxxxxxxx $ Issued 80033-02 xxxxxxxxx Paid 80033-03 xxxxxxxxx Refunded Outstanding - December 31, 2019 80033-04 xxxxxxxxx 2020 Loan Maturities 80033-05 2020 Interest on Loans 80033-06 $ Total 2020 Debt Service for Loan 80033-13 $ LOAN $ Outstanding - January 1,2019 80033-07 xxxxxxxxx Issued 80033-08 xxxxxxxxx Paid 80033-09 xxxxxxxxx Outstanding - December 31, 2019 80033-10 xxxxxxxxx 2020 Loan Maturities 80033-11 2020 Interest on Loans 80033-12 $ Total 2020 Debt Service for LOAN 80033-13 $ LIST OF LOANS ISSUED DURING 2019 80033-14 80033-15 Sheet 31a SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR LOANS LOAN Debit Credit 2020 Debt Service Outstanding - January 1, 2019 80033-01 xxxxxxxxx $ Issued 80033-02 Paid 80033-03 xxxxxxxxx xxxxxxxxx Refunded Outstanding - December 31, 2019 80033-04 xxxxxxxxx 2020 Loan Maturities 80033-05 2020 Interest on Loans 80033-06 $ Total 2020 Debt Service for Loan 80033-13 $ LOAN $ Outstanding - January 1,2019 80033-07 xxxxxxxxx Issued 80033-08 xxxxxxxxx Paid 80033-09 xxxxxxxxx Outstanding - December 31, 2019 80033-10 xxxxxxxxx 2020 Loan Maturities 80033-11 2020 Interest on Loans 80033-12 $ Total 2020 Debt Service for Loan 80033-13 $ LIST OF LOANS ISSUED DURING 2019 80033-14 80033-15 Sheet 31a.1 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR LOANS LOAN Debit Credit 2020 Debt Service Outstanding - January 1,2019 80033-01 xxxxxxxxx $ Issued 80033-02 xxxxxxxxx Paid 80033-03 xxxxxxxxx Refunded Outstanding - December 31, 2019 80033-04 xxxxxxxxx 2020 Loan Maturities 80033-05 2020 Interest on Loans 80033-06 $ Total 2020 Debt Service for Loan 80033-13 $ LOAN $ Outstanding - January 1,2019 80033-07 xxxxxxxxx Issued 80033-08 xxxxxxxxx Paid 80033-09 xxxxxxxxx Outstanding - December 31, 2019 80033-10 xxxxxxxxx 2020 Loan Maturities 80033-11 2020 Interest on Loans 80033-12 $ Total 2020 Debt Service for Loan 80033-13 $ LIST OF LOANS ISSUED DURING 2019 80033-14 80033-15 Sheet 31a.2 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR BONDS TYPE I SCHOOL TERM BONDS 11 Debit Credit 2020 Debt Service Outstanding - January 1, 2019 80034-01 ]=XXXXXXXXX Paid 80034-02 xxxxxxxxx Outstanding - December 31, 2019 80034-03 11 xxxxxxxxx 2020 Bond Maturities - Term Bonds 80034-04 $ 2020 Interest on Bonds 80034-05 $ TYPE I SCHOOL SERIAL BONDS Outstanding - January 1, 2019 80034-06 xxxxxxxxx Issued 80034-07 xxxxxxxxx Paid 80034-08 xxxxxxxxx Outstanding - December 31, 2019 80034-09 11 xxxxxxxxx 2020 Interest on Bonds' 80034-10 $ 2020 Bond Maturities - Serial Bonds 80034-11 $ Total 'Interest on Bonds - Type I School Debt Service" ('Items) 80034-12 $ LIST OF BONDS ISSUED DURING 2019 Purpose 2020 Maturity 01 Amount Issued E02 Date of Issue Interest Rate Total 80035- 2020 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding 2020 Interest Dec. 31, 2019 Requirement 1. Emergency Notes 80036- $ $ 2. Special Emergency Notes 80037- $ $ 3. Tax Anticipation Notes 80038- $ $ 4. Interest on Unpaid State & County Taxes 80039- $ $ 5. $ $ 6. $ $ Sheet 32 DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Budget Requirements Interest Computed to (Insert Date) For Principal For Interest ** Ord 1628 Various Capital Improvements 1,349,000.00 10/28/2015 1,142,761.00 10/23/20 2.0000% 19,252.00 22,855.22 10/23/20 Ord 1644 Acquistion of Fire Apparatus 1,273,000.00 10/28/2015 1,060,239.00 10/23/20 2.0000% 67,316.00 21,204.78 10/23/20 Ord 1712 Various Sidewalk Improvements 300,000.00 10/26/2017 300,000.00 10/23/20 2.0000% 7,692.00 6,000.00 10/23/20 Ord 1745 Various Street Improvements 208,000.00 10/25/2018 60,579.00 10/23/20 2.0000% 1,211.58 10/23/20 Ord 1763 Police Handicap Restrooms 62,225.00 10/24/2019 62,225.00 10/23/20 2.0000% 1,244.50 10/23/20 Ord 1770 Improvements to Vichiconti Way 414,196.00 10/24/2019 414,196.00 10/23/20 2.0000% 8,283.92 10/23/20 Page Totals 3,606,421.00 3,040,000.00 94,260.00 6Q800.00 Memo: Designate all "Capital Notes' issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. 80051-01 80051-02 Memo: Type 1 School Notes should be separately listed and totaled. * "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted with statement. (Do not crowd - add additional Sheets) ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Budget Requirements Interest Computed to (Insert Date) For Principal For Interest ** PREVIOUS PAGE TOTALS 3,606,421.00 3,040,000.00 94,260.00 60,800.00 PAGE TOTALS 3,606,421.00 3,040,000.00 94,260.00 60,800.00 Memo: Designate all "Capital Notes' issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20 % of the original amount issued annually. 80051-01 80051-02 Memo: Type 1 School Notes should be separately listed and totaled. * "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2017 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2020 or written intent of permanent financing submitted with statement. (Do not crowd - add additional Sheets) ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. —{ S 0 rb a th w DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Budget Requirements Interest Computed to (Insert Date) For Principal For Interest ** PREVIOUS PAGE TOTALS 3,606,421.00 3,040,000.00 94,260.00 60,800.00 PAGE TOTALS 3,606,421.00 3,040,000.00 94,260.00 60,800.00 Memo: Designate all "Capital Notes' issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired atthe rate of 20 % of the original amount issued annually. 80051-01 80051-02 Memo: Type 1 School Notes should be separately listed and totaled. * "Original Date of Issue" refers to the date when the first moneywas 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 or written intent of permanent financing submitted with statement. (Do not crowd - add additional Sheets) ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column. DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Budget Requirements Interest Computed to (Insert Date) For Principal For Interest ** 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Total MEMO:* See Sheet 33 for clarification of" Original Date of Issue" Assessment Notes with an original date of issue of 2017 or prior must be appropriated in full in the 2020 Dedicated Assessment Budget or written intent of pen anent fin ancing submitted with statement. 80051-01 80051-02 ** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd - add additional sheets) SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS Purpose Amount Lease Obligation Outstanding Dec. 31, 2019 2020 Budget Requirements For Principal For Interest/Fees 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Total 80051-01 80051-02 (Do not crowd - add additional sheets) SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance - January 1, 2019 2019 Authorizations Other Expended Authorizations Canceled Balance - December 31, 2019 Funded Unfunded Funded Unfunded 1362-Ac uisition of Haledon Reservoir 1,589.00 1,589.00 1369-Haledon Reservoir Phase II 480.00 480.00 1428-Ambulance Building Groundwater Study 8,212.00 1,030.00 7,182.00 1601-DPW Vehicles and Huron Road Im rov 1,703.00 1,703.00 1617/1637-Various Capital Improvements 276.00 276.00 1655-2016 Road Improvements 16,238.00 16,238.00 1676/1685-Purchase of Various Items & Certain Capital Improvements 3,269.00 2,740.00 529.00 1680-Purchase of DPW Equipment 950.00 950.00 1686-Certain Park Improvements - Old Mill Woodlands Park 13 020.00 1,635.00 11 385.00 1689-Certain Improvements at Parsons Pond Par 1695-Purchase of Certain Equipment for the Fire Department 825.00 825.00 1698-Acquisition of BLK 2408 LI.04 11,980.00 143.00 11,837.00 1702-2017 Road Program 1,789.00 1,789.00 1707-DPW Vehicles/Boro Hall Security 21 733.00 21 733.00 1712-Various Sidewalk Improvemetns 255,677.00 18,971.00 236,706.00 1716-OEM Retaining Wall 897.00 897.00 Page Total 66,447.00�L___ZZL191.00JL- JL ,108.00 66,183.00 L ,365.00 236,982.00 Place an' before each item of "Improvement" which represents a funding or refunding of an emergency authorization. SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance - January 1, 2019 2019 Authorizations Other Expended Authorizations Canceled Balance - December 31, 2019 Funded Unfunded Funded Unfunded PREVIOUS PAGE TOTALS 66 447.00 272 191.00 26 108.00 66 183.00 9,365.00 236 982.00 1717-Old Mill Road Improvemetns 21,847.00 20,822.00 1,025.00 1727-Schwartz Property Acquisition 7,013.00 143.00 6,870.00 1738/1796-2018 Road Improvements/ Various Improvements 33,531.00 1 37,000.00 1 37,138.00 1 33,393.00 1744-Fire Department and DPW Equipment and Truck 126 610.00 122 123.00 4,487.00 1745-Various Street Improvements and Parson Pond Park Lot 35,546.00 208,000.00 243,546.00 1752-Parson Pond Trail Construction 11 950.00 11 950.00 1753-Harriet Place Water and Sewer Im roveme 3,300.00 62 700.00 66 000.00 1763-Police Handicap Restrooms 3,275.00 62,225.00 65,500.00 1770-Improvements to Vichiconti Way Synthetic Turf Field 880 000.00 845 945.00 34 055.00 1778/1801-Various Street Improvements and Parking Lots 1,888,000.00 1,716,801.00 171,199.00 1797-Olentangy Road Drainage Improvements 26 000.00 26 000.00 1802-Various Street Improvements and Parking Lots 220 000.00 11 297.00 208 703.00 PAGE TOTALS 280,659.00 633,976.00 L3,051,000.00 -_JL 3,193,373.00 73,053.00 428,172.00 271,037.00 Place an' before each item of "Improvement" which represents a funding or refunding of an emergency authorization. SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number. Balance - January 1, 2019 2019 Authorizations Other Expended Authorizations Canceled Balance - December 31, 2019 Funded Unfunded Funded Unfunded PREVIOUS PAGE TOTALS 280 659.00 633 976.00 3,051,000.00 3,193,373.00 73 053.00 428 172.00 271 037.00 1803-Refurbishment of DPW Bathroom/Purch DPW Equip 155,000.00 135,877.00 19,123.00 1808-Acquisition of Fire Apparatus 750 000.00 37 500.00 712 500.00 1225/1238-1 m prvements to Wildwood Ave. 7,869.00 7,869.00 1316/1346-1m rovements to Ryerson Road 5,360.00 9,250.00 5,360.00 9,250.00 1747-Improvements to Harriet Place 117,209.00 104,596.00 12,613.00 GRAND TOTALS 403,228.00 651,095.00 3,956,000.00 3,433,846.00 73,053.00 502,768.00 1,000,656.00 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 - Januar 1,2019 80031-01 xxxxxxxxx 21,342.00 Received from 2019 Budget Appropriation 80031-02 xxxxxxxxx 1,990,000.00 Cash Receipts - Donations xxxxxxxxx 553,770.00 Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) 80031-03 xxxxxxxxx 48,157.00 List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Appropriated to Finance Improvement Authorizations 80031-04 2,363,500.00 xxxxxxxxx xxxxxxxxx Balance - December 31, 2019 80031-05 249,769.00 xxxxxxxxx 2,613,269.00 2,613,269.00 'The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the 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 xxxxxxxxx Appropriated to Finance Improvement Authorizations 80030-04 xxxxxxxxx xxxxxxxxx Balance - December 31, 2019 80030-05 xxxxxxxxx *The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. CAPITAL IMPROVEMENTS AUTHORIZED IN 2019 AND DOWN PAYMENTS (N.J.S.40A:2-11) Purpose Amount Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Payment in Budget of 2019 or Prior Years 1770 - Imp. to Vichiconti Way 880,000.00 836,000.00 44,000.00 1778/1801 - Various Street Improvements and P 1,888,000.00 - 1,888,000.00 1797-Olentangy Road Drainage Impro 26,000.00 26,000.00 1802 -Various Street Improvements and Parkii 220,000.00 220,000.00 1803 -Refurbishment of DPW Bathroon 155,000.00 155,000.00 1808 -Acquisition of Fire Apparatus 750,000.00 712,500.00 37,500.00 1796 - Amend Ord 1738 37,000.00 37,000.00 Total 80032-00 3,956,000.00 L 1,548,500.00 44,000.00L 2,363,500.00 NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet. Sheet 37 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR - 2019 Debit Credit Balance - January 1, 2019 80029-01 xxxxxxxxx 61,773.00 Premium on Sale of Bonds xxxxxxxxx Funded Improvement Authorizations Canceled xxxxxxxxx 24,897.00 Premium on Sale of BANS 18,377.00 Donations 44,694.00 Appropriated to Finance Improvement Authorizations 80029-02 44,000.00 xxxxxxxxx Appropriated to 2019 Budget Revenue 80029-03 xxxxxxxxx Balance - December 31, 2019 80030-04 105,741.00 xxxxxxxxx 149, 741.00 149, 741.00 Sheet 38 A. MUNICIPALITIES ONLY IMPORTANT! ! 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) 1. Total Tax Levy for the Year 2019 was $ 70,775,463.00 2. Amount of Item 1 Collected in 2019 (') $ 69,821,834.00 3. Seventy (70) percent of Item 1 $ 49,542,824.10 (') Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year 2019? Answer YES or NO YES 2. Have payments been made for all bonded obligations or notes due on or before December 31, 2019? Answer YES or NO YES If answer is "NO" give details NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2020 budget for the liquidation of all bonded obligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the year just ended? Answer YES or NO NO D. 1. Cash Deficit 2018 $ None 2. 4% of 2018 Tax Levy for all purposes: Levy -- $ 68,732,783.00 = $ 2,749,311.32 3. Cash Deficit 2019 $ None 4. 4% of 2019 Tax Levy for all purposes: Levy-- $ 70,775,463.00 = $ 2,831,018.52 E. Unpaid 2018 1. State Taxes $ 2. County Taxes $ 3. Amounts due Special Districts 4. Amount due School Districts for School Tax Sheet 39 2019 Total $ 166,271.00 $ 166,271.00 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 2019, please observe instructions of Sheet 2. Sheet 40 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE - SEWER UTILITY UTILITY FUND AS AT DECEMBER 31, 2019 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" „C„ Sheet 41 Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE - SEWER UTILITY UTILITY FUND (cont'd) AS AT DECEMBER 31, 2019 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Sheet 41a Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8 POST CLOSING TRIAL BALANCE - SEWER UTILITY UTILITY FUND (cont'd) AS AT DECEMBER 31, 2019 Operating and Capital Sections (Separately Stated) Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C" Title of Account II Debit II Credit PREVIOUS PAGE TOTALS II - II - BONDS PAYABLE - LOANS PAYABLE - CAPITAL LEASES PAYABLE - BOND ANTICIPATION NOTES - IMPROVEMENT AUTHORIZATIONS: FUNDED - UNFUNDED - CONTRACTS PAYABLE ENCUMBRANCES DUE TO SEWER UTILITY OPERATING RESERVE FOR AMORTIZATION RESERVE FOR DEFERRED AMORTIZATION RESERVE FOR DEBT SERVICE DOWN PAYMENTS ON IMPROVEMENTS - CAPITALIMPROVEMENTFUND - CAPITAL FUND BALANCE - TOTALS 11 - II - (Do not crowd - add additional sheets) Sheet 41a.1 POST CLOSING TRIAL BALANCE - UTILITY ASSESSMENT TRUST FUNDS IF MORE THAN ONE UTILITY EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED (Do not crowd - add additional sheets) Sheet 42 ANALYSIS OF SEWER UTILITY UTILITY ASSESSMENT TRUST CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which Cash and Investments are Pledged Audit Balance Dec. 31, 2018 RECEIPTS Disbursements Balance Dec. 31, 2019 Assessments and Liens Operating Budget 11 Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Other Liabilities Trust Surplus Less Assets"Unfinanced"* xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx 'Show as red figure SCHEDULE OF SEWER UTILITY UTILITY BUDGET - 2019 BUDGET REVENUES Source Budget Received in Cash Excess or Deficit' Operating Surplus Anticipated 91301- 25,000.00 25,000.00 Operating Surplus Anticipated with Consent of Director of Local Government 91302- - Sewer User Fees 100,000.00 122,997.00 22,997.00 Sewer Connection Fees 600.00 1,476.00 876.00 Reserve for Debt Service 91307- Ca ital Fund Balance Added by N.J.S. 40A:4-87: List xxxxxxxxx xxxxxxxxx xxxxxxxxx Subtotal 125,600.00 149,473.00 23,873.00 Deficit (General Budget) " 91306- - 91307- 125,600.00 149,473.00 23,873.00 ** Amount in "Received in Cash" column for "Deficit (General Budget)' and amount expended for "Surplus (General Budget)' must agree with amounts shown for such items on Sheet 45. STATEMENT OF BUDGET APPROPRIATIONS Appropriations: xxxxxxxxx Adopted Budget 125,600.00 Added by N.J.S. 40AA-87 Emergency Total Appropriations 125,600.00 Add: Overexpenditures (See Footnote) Total Appropriations and Overexpenditures 125,600.00 Deduct Expenditures: Paid or Charged 95,482.00 Reserved 30,118.00 Surplus (General Budget)" Total Expenditures 125,600.00 Unexpended Balance Canceled (See Footnote) FOOTNOTES: - RE: OVEREXPENDITURES: Every appropriation overexpended in the budget document must be marked with an * and must agree in 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" Sheet 44 STATEMENT OF 2019 OPERATION SEWER UTILITY UTILITY NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2019 Sewer Utility 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 Realized: xxxxxxxxx Budget Revenue Not Including "Deficit General Budget)") 149,473.00 Miscellaneous Revenue Not Anticipated 27,067.00 2018 Appropriation Reserves Canceled in 2019 11,312.00 Total Revenue Realized 187,852.00 Expenditures: xxxxxxxxx Appropriations (Not Including "Surplus (General Budget)") xxxxxxxxx Paid or Charged 95,482.00 Reserved 30,118.00 Expended Without Appropriation Cash Refund of Prior Year's Revenue Total Expenditures 125,600.00 Less: Deferred Charges Included in Above "Total Expenditures" Total Expenditures - As Adjusted 125,600.00 Excess 62,252.00 Budget Appropriation - Sur lus General Budget)* a ance o esu s of 2019 Operation Remainder = ("Excess in Operations" - Sheet 46) 62,252.00 Deficit Anticipated Revenue - Deficit General Budget)** Remainder = Balance of Results of 2019 Operation ("Operating Deficit - to Trial Balance" - Sheet 46) SECTION 2: The following Item of'2018 Appropriation Reserves Canceled in 2019' "is Due to the Current Fund TO THE EXTENT OF the amount received and Due from the General Budget of 2018 for an Anticipated Deficit in the Sewer Utility Utility for 2018 2018 Appropriation Reserves Canceled in 2019 11,312.00 Less: Anticipated Deficit in 2018 Budget - Amount Received and Due from Current Fund - If none. enter'None . Excess (Revenue Realized) II 11,312.00 ** Items must be shown in same amounts on Sheet 44. Sheet 45 RESULTS OF 2019 OPERATIONS -SEWER UTILITY UTILITY Debit Credit Excess in Anticipated Revenues xxxxxxxxx 23,873.00 Unexpended Balances ofAppropriations xxxxxxxxx - Miscellaneous Revenues Not Anticipated xxxxxxxxx 27,067.00 Unexpended Balances of 2018 Appropriations' xxxxxxxxx 11,312.00 Deficit in Anticipated Revenues - xxxxxxxxx xxxxxxxxx Operating Deficit - to Trial Balance xxxxxxxxx Excess in Operations - to Operating Surplus 62,252.00 xxxxxxxxx * See restriction in amount on Sheet 45, SECTION 2 62,252.00 62,252.00 OPERATING SURPLUS -SEWER UTILITY UTILITY Debit Credit Balance - January 1, 2019 xxxxxxxxx 123,658.00 Excess in Results of 2019 Operations xxxxxxxxx 62,252.00 Amount Appropriated in the 2019 Budget - Cash 25,000.00 xxxxxxxxx Amount Appropriated in 2019 Budgetwith Prior ri en Consent of Director of Local Government Services xxxxxxxxx Balance - December 31, 2019 160,910.00 xxxxxxxxx 185,910.00 185,910.00 ANALYSIS OF BALANCE DECEMBER 31, 2019 (FROM SEWER UTILITY UTILITY - TRIAL BALANCE) Cash 191,028.00 Investments Interfund Accounts Receivable Subtotal 191,028.00 Deduct Cash Liabilities Marked with "C" on Trial Balance 30,118.00 Operating Surplus Cash or Deficit in Operating Surplus Cash 160,910.00 Other Assets Pledged to Surplus:* Deferred Charges # Operating Deficit # Total Other Assets - # MAY NOT BE ANTICIPATED AS NON -CASH SURPLUS IN 2019 BUDGET. 160,910.00 *In the case of a "Deficit in Operating Surplus Cash", "other Assets" would be also pledged to cash liabilities. Sheet 46 SCHEDULE OF SEWER UTILITY UTILITY ACCOUNTS RECEIVABLE Balance December 31, 2018 $ 348.00 Increased by: Rents Levied $ 124,734.00 Decreased by: Collections $ 122,997.00 Overpayments applied $ Transfer to Liens $ Other $ Balance December 31, 2019 $ 122,997.00 $ 2,085.00 SCHEDULE OF SEWER UTILITY UTILITY LIENS Balance December 31, 2018 $ Increased by: Transfers from Accounts Receivable $ Penalties and Costs $ Other $ Decreased by: Collections $ Other $ Balance December 31, 2019 $ Sheet 47 DEFERRED CHARGES -MANDATORY CHARGES ONLY - SEWER UTILITY UTILITY FUND (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29) Amount Caused By Dec. 31, 2018 Amount in Amount Balance per Audit 2019 Resulting as at Report Budget 2019 Dec.31,2019 1. Emergency Authorization - Municipal' $ $ $ $ 2. $ $ $ $ - 3. $ $ $ $ 4. $ $ $ $ 5. $ $ $ $ Deficit in Operations $ $ $ $ Total Operating $ $ $ $ 6. $ $ $ $ 7. $ $ $ $ Total Capital $ $ $ $ 'Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51 Date Purpose Amount 1. $ 2. $ 3. $ 4. $ 5. $ JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for in Budget of In Favor of On Account of Date Entered Amount Year 2020 1. $ 2. $ 3. $ 4. $ Sheet 48 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR BONDS SEWER UTILITY UTILITY ASSESSMENT BONDS Debit Credit 2020 Debt Service Outstanding - January 1,2019 xxxxxxxxx $ Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Bond Maturities - Assessment Bonds 2020 Interest on Bonds $ $ SEWER UTILITY UTILITY CAPITAL BONDS Outstanding - January 1, 2019 xxxxxxxxx Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Bond Maturities - Capital Bonds 2020 Interest on Bonds $ INTEREST ON BONDS - SEWER UTILITY UTILITY BUDGET 2020 Interest on Bonds ('Items Less: Interest Accrued to 12/31/2019 (Trial Balance) $ �� Subtotal Add: Interest to be Accrued as of 12/31/2020 $ red Appropriation 2020 LIST OF BONDS ISSUED DURING 2019 Purpose 2020 Maturity Amount Issued Date of Issue Interest Rate Sheet 49 SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR LOANS SEWER UTILITY UTILITY LOAN Debit Credit 2020 Debt Service Outstanding - January 1,2019 xxxxxxxxx $ Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Loan Maturities 2020 Interest on Loans $ $ SEWER UTILITY UTILITY LOAN Outstanding - January 1, 2019 xxxxxxxxx Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Loan Maturities 2020 Interest on Loans $ INTEREST ON LOANS -SEWER UTILITY UTILITY BUDGET 2020 Interest on Loans i Less: Interest Accrued to 12/31/2019 (Trial Balance) $ �� Subtotal Add: Interest to be Accrued as of 12/31/2020 $ red Appropriation 2020 LIST OF LOANS ISSUED DURING 2019 Purpose 2020 Maturity Amount Issued Date of Issue Interest Rate Sheet 49a SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2020 DEBT SERVICE FOR LOANS SEWER UTILITY UTILITY LOAN Debit Credit 2020 Debt Service Outstanding - January 1,2019 xxxxxxxxx $ Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Loan Maturities 2020 Interest on Loans $ $ SEWER UTILITY UTILITY LOAN Outstanding - January 1, 2019 xxxxxxxxx Issued xxxxxxxxx Paid xxxxxxxxx Outstanding - December 31, 2019 xxxxxxxxx 2020 Loan Maturities 2020 Interest on Loans $ INTEREST ON LOANS -SEWER UTILITY UTILITY BUDGET 2020 Interest on Loans i Less: Interest Accrued to 12/31/2019 (Trial Balance) $ �� Subtotal Add: Interest to be Accrued as of 12/31/2020 $ red Appropriation 2020 LIST OF LOANS ISSUED DURING 2019 Purpose 2020 Maturity Amount Issued Date of Issue Interest Rate Sheet 49a.1 DEBT SERVICE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Interest Computed to (Insert Date) For Principal For Interest 1. 2. 3. 4. 5. 6. 7. 8. 9. TOTAL Important: If there is more than one utility in the municipality, identify each note. Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired atthe rate of 20% of the original amount issued annually. * See Sheet 33 for clarifications of "Original Date of Issue". 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 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. (Do not crowd - add additional sheets) DEBT SERVICE FOR SEWER UTILITY UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Interest Computed to (Insert Date) For Principal For Interest 1. 2. 3. 4. 5. 6. 7. 8. 9. TOTAL Important: If there is more than one utility in the municipality, identify each note. Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired atthe rate of 20% of the original amount issued annually. * See Sheet 33 for clarifications of "Original Date of Issue". All notes with an original date of issue of 2020 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted. ** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column. INTEREST ON NOTES - SEWER UTILITY UTILITY BUDGET 2020 Interest on Notes $ Less: Interest Accrued to 12/31/2019 Trial Balance $ Subtotal $ Add: Interest to be Accrued as of 12/31/2020 $ Required Appropriation - 2020 $ (Do not crowd - add additional sheets) DEBT SERVICE SCHEDULE FOR SEWER UTILITY UTILITY ASSESSMENT NOTES Title or Purpose of Issue Original Amount Issued Original Date of Issue* Amount of Note Outstanding Dec.31,2019 Date of Maturity Rate of Interest 2020 Interest Computed to (Insert Date) For Principal For Interest ** Important: If there is more than one utility in the municipality, identify each note. MEMO:* See Sheet 33 for clarification of "Original Date of Issue' Utility Assessment Notes with an original date of issue of December 31, 2017 or prior must be appropriated in full in the 2020 Dedicated Utility Assessment Budget orwritten intent of permanent financing submitted. ** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes". SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS SEWER UTILITY UTILITY Amount 2020 Budget Requirements Purpose 11 Lease Obligation Outstanding Dec. 31, 2019 11 For Prinicpal For h SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SEWER UTILITY (UTILITY CAPITAL FUND) IMPROVEMENTS Balance - January 1, 2019 Balance - December 31, 2019 Specify each authorization by purpose. Do 2019 F][Expended Other not merely designate by a code number. Funded Unfunded Authorizations Funded Unfunded PAGE TOTALS�� - �� - �� - �� - �� - �� - �� - j� - Place an' before each item of "Improvement" which represents a funding or refunding of an emergency authorization. SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SEWER UTILITY (UTILITY CAPITAL FUND) IMPROVEMENTS Balance - January 1, 2019 Balance - December 31, 2019 Specify each authorization by purpose. Do 2019 F][Expended Other not merely designate by a code number. Funded Unfunded Authorizations Funded Unfunded PREVIOUS PAGE TOTALS TOTALSII - �� - II - II - II - II - II - II - Place an' before each item of"Improvement" which represents a funding or refunding of an emergency authorization. SEWER UTILITY UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Debit Credit Balance - January 1, 2019 xxxxxxxxx Received from 2019 Budget Appropriation xxxxxxxxx xxxxxxxxx Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) xxxxxxxxx List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx Appropriated to Finance Improvement Authorizations xxxxxxxxx xxxxxxxxx Balance - December 31, 2019 xxxxxxxxx SEWER UTILITY UTILITY CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS Debit Credit Balance - January 1, 2019 xxxxxxxxx Received from 2019 Budget Appropriation * xxxxxxxxx Received from 2019 Emergency Appropriation * xxxxxxxxx Appropriated to Finance Improvement Authorizations xxxxxxxxx xxxxxxxxx Balance - December 31, 2019 xxxxxxxxx *The full amount of the 2019 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse. Sheet 53 SEWER UTILITY UTILITY FUND CAPITAL IMPROVEMENTS AUTHORIZED IN 2019 AND DOWN PAYMENTS (N.J.S.40A:2-11) Purpose Amount Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Payment in Budget of 2019 or Prior Years SEWER UTILITY UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS YEAR 2019 Debit Credit Balance - January 1, 2019 xxxxxxxxx Premium on Sale of Bonds xxxxxxxxx Funded Improvement Authorizations Canceled xxxxxxxxx Miscellaneous Appropriated to Finance Improvement Authorization xxxxxxxxx Appropriation to 2019 Budget Reserve xxxxxxxxx Balance - December 31, 2019 xxxxxxxxx Sheet 54