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HomeMy Public PortalAboutCarteret Port Authority Budget 2020State Filing Year For the Period: ADOPTED COPY Authority Budget of CARTERET PORT AUTHORITY 2020 D °PIG. tins E fl P/ 146P1ED PTED COPY January 1, 2020 to December 31, 2020 www.carteret.net Authority Web Address PP OVEDK. ` Y Division of Local Government Services Resolution of the Carteret Port Authority.. CA.P.A. 21117 f ' No. CAPA 19-14 Date of Adoption December 10, 2019 `w' LATE BUDGET RESOLUTION - CY 2020 ) WHEREAS, the Carteret Municipal Port Authority has approved the 2020 Authority Budget on December 10, 2019; and WHEREAS, the Carteret Municipal Port Authority budget was not submitted to the Division of Local Government Services, Department of Community Affairs within the statutory timetable; and WHEREAS, the Carteret Municipal Port Authority encountered a delay in the budget schedule and process with the timing of scheduled Board meetings; and WHEREAS, the Carteret Port Authority pursuant to N.J.A.C. 5:31-2.5 (a) and (b) desires to adopt this resolution. NOW, THEREFORE BE IT RESOLVED, that the Commissioners of the Carteret Port Authority hereby approve this resolution pursuant to N.J.S.A. 5:31-2.5 (a) and (b); and BE IT FURTHER RESOLVED, that the Clerk to the Board is hereby directed to submit a copy of this adopted resolution to the Director of Local Government Services for approval as part of the Authority's 2020 budget. Adopted this 10th day of December, 2019 HANK D'ORSI Chairman D OF VOTE Member Yes No NV AB Member Yes No NV AB W. KASKIW X 11. D'ORSI J. CALIGIAARI ' B. WATERS* V. BELLINO X D. REIMAN *Mayor's Alternate X Indicate Vote AB Absent NV -Abstain Cler Secreta ZS 2020 (2020-2021) AUTHORITY BUDGET Certification Section 2020 (2020-2021) CARTERET PORT AUHTORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM JAN. 1, 2020 TO DEC. 31, 2020 For Division Use Only CER'I1 ICATION OF APPROVED BUDGET It is hereby certified that the approved Budget made a part hereof complies with the requirements of law and the rules and regulations of the Local Finance Board, and approval is given pursuant to ITT J.. S A.. 40A:5A-11. State of New Jersey Department of Community Affairs Director of the Division of Local Government Services By: Pala � C PA -1 FM/3r Date: I / 2 7 /20 2-1) CERTIFICATION OF ADOPTED BUDGET It is hereby certified that the adopted Budget made a part hereof has been compared with the approved Budget previously certified by the Division, and any amendments made thereto. This adopted Budget is certified with respect to such amendments and comparisons only. B State of Jersey Department of Community Affairs Director of the Division of Local Government Services Date: I l fit/l. v L a Page C4 2020 (2020-2021) PREPARER'S CERTIFICATION CARTERET PORT AUTHORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 31, 2020 It is hereby certified that the Authority Budget, including both the Annual Budget and the Capital Budget/Program annexed hereto, represents the members of the governing body's resolve with respect to statute in that: all estimates of revenue are reasonable, accurate and correctly stated; all items of appropriation are properly set forth; and in itemization, form and content, the budget will permit the exorcise of the comptroller function within the Authority. It is further certified that all proposed budgeted amounts and totals are correct. Also, I hereby provide reasonable assurance that all assertions contained herein are accurate and all required schedules are completed and attached. Preparer's Signature: 2Wi' I/ ,,,paiii. Name: RONALD F GARDNER Title: TREASURER Address: 61 COOKE AVENUE CARIERET, NJ 07008 Phone Number: 732.541.3 802 Fax Number: 732.541.4989 E-mail address RGARDS@AOL.COM Page Cwt 2020 (2020-2021) APPROVAL CERTIFICATION CARTERET PORT AUTHORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 3L 2020 It is hereby certified that the Authority Budget, including all schedules appended hereto, are a true copy of the Annual. Budget and Capital Budget/Program approved by resolution by the governing body of the chinET purr Authority, at an open public meeting held pursuant to N.I.A.C. 5:31-2.3, on the day of ) . t y , .2 . It is further certified that the recorded vote appearing in the resolution represents not less than a majority of the full membership of the governing body t reof, Officer's Signature: i Lir `- t Name: CARMELA PGORZELSKI Title: BOARD SECRETARY Address: 61 COOKE AVENUE CARTERET, NJ 07008 Phone Number: ' 732.541,3802 Fax Number: 732.541.4989 E-mail address POGORZELSKIC@CARTERET.NET Page C-3 INTERNET WEBSITE CERTIFICATION Authority's Web Address: WWW.CARTERBT.NET All authorities shall maintain either an Internet website or a webpage on the municipality's or county's Internet website. The purpose of the website or webpage shall be to provide increased public access to the authority's operations and activities.. NJ-S.A. 40A:5A-17.1 requires the following items to be included on the Authority's website at a minihnum for public disclosure. Check the boxes below to certify the Authority's compliance with N.J.S.A. 40A:5A-17.1, ❑ A description of the Authority's mission and responsibilities ❑ Budgets for the current fiscal year and immediately preceding two prior years The most recent Comprehensive Annual Financial Report (Unaudited) or similar financial information (Similar Information is such as PIE Charts, Bar Graphs etc. for such items as Revenues, Expenditures, and other information the Authority deems relevant to inform the public) The complete (All Pages) annual audits (Not the Audit Synopsis) of the most recent fiscal year and immediately two prior years The Authority's rules, regulations and official policy statements deemed relevant by the governing body of the authority to the interests of the residents within the authority's service area or jurisdiction Notice posted pursuant to the "Open Public Meetings Act" for each meeting of the Authority, setting forth the time, date, location and agenda of each meeting The approved minutes of each meeting of the Authority including all resolutions of the board and their committees; for at least three consecutive fiscal years The name, mailing address, electronic mail address and phone number of every person who exercises day-to-day supervision or management over some or all of the operations of the Authority A list of attorneys,. advisors, consultants and any other person, firm, business, partnership, corporation or other organization which received any remuneration of $17,500 or more during the preceding fiscal year for any service whatsoever rendered to the Authority. It is hereby certified by the below authorized representative of the Authority that the Authority's website or webpage as identified above complies with the minimum statutory requirements of N,J.S.A. 40A:5A-17.1 as. listed above. A check in each of the above boxes signifies compliance. Name of Officer Certifying compliance Title of Officer Certifying compliance Signature CARMELA POGORZRLSI I 4:_ur (Secretary's SignatE Governing Body Member: 2020 (2020-2021) AUTHORITY BUDGET RESOLUTION CARTERET PORT AUTHORITY (Name) Important --The Amounts on this page need to agree with budget pages F- 1 and CB -3. Fill these amounts in after you finalize the amounts on pages F-1 and CB -3. Re -check before this resolution is adopted FISCAL YEAR: FROM: / /j' 2 0. TO: //:3't `. WHEREAS, the Annual Budget and Capital Budget for the Carteret Port Authority for the fiscal year beginning, January 1, 2020 and ending, December 31, 2020 has been presented before the governing body of the Carteret Port Authority at its open public meeting of December 10, 2019; and WHEREAS, the Annual Budget as introduced reflects Total Revenues of $500,000.00, Total Appropriations, including any Accumulated Deficit if any, of $1,000,000.00 and Total Unrestricted Net Position utilized of $50%000.00: and WI-IEREAS, the Capital Budget as introduced reflects Total Capital Appropriations of $0,00 and Total Unrestricted Net Position planned to be utilized as funding thereof, of $0.00; and WHEREAS, the schedule of rates, fees and other charges in effect will produce sufficient revenues, together with all other anticipated revenues to satisfy all obligations to the holders of bonds of the Authority, to meet operating expenses, capital outlays, debt service requirements, and to provide for such reserves, all as may be required by law, regulation or terms of contracts and agreements; and WHEREAS, the Capital Budget/Program, pursuant to N.3.A.C. 5:31-2, does not confer any authorization to raise or expend funds; rather it is a document to be used as part of the said Authority's planning and management objectives. Specific authorization to expend funds for the purposes described in this section of the budget, must be granted elsewhere; by bond resolution, by a project financing agreement, by resolution appropriating funds from the Renewal and Replacement Reserve or other means provided by law. NOW, THEREFORE BE IT RESOLVED, by the governing body of the Carteret Port Authority, at an open public meeting held on December 10. 2019 that the Annual Budget, including all related schedules, and the Capital Budget/Program of the Carteret Port Authority for the fiscal year beginning, January 1, 2020 and ending, December 31, 2020 is hereby approved; and BE IT FURTHER RESOLVED, that the anticipated revenues as reflected in the Annual Budget are of sufficient amount to meet all proposed expenditures/expenses and all covenants, terms and provisions as stipulated in the said Authority's outstanding debt obligations, capital lease arrangements, service contracts, and other pledged agreements; and BE. IT FURTHER RESOLVE , that the governing body of the Carteret Port Authority will consider the Annual Budget and C ital Budget/Program for a ption on February 11, 2020. 1/Ci: December 10, 2019 (Date) Recorded Vote Nay Abstain Absent Note Fill in the name of Each Commissioner and indicate their recorded Vote V Page C-5 CARTERET PORT AUTHORITY CARTERET , NEW JERSEY RESOLUTION TO AMEND CY 2020 BUDGET WHEREAS, the Budget for the CY 2020 was approved on the 10th day of December, 2019, and WHEREAS, it is desired to amend said approved Budget, and WHEREAS, the Board of Commissioner's desire to provide for a Capital Project/Program Funding Reserve for the Authority's future Capital Projects & Programs that are currently under discussion, at which time the Reserve will be utilized to fund approved Capital Programs & Projects. NOW THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Carteret Port Authority, County of Middlesex, New Jersey, that the following amendments to the approved Budget of CY 2020 be made: AYES NAYS ABSTAIN ABSENT Recorded Vote (Insert Last Names) MAYOR REIMAN D'ORSL BELLINO x CALIGUA KASKIW WATERS {ALTERNATE] X APPROPRIATION(S) Operating Appropriations: Cost of Providing Services - Personnel: Salary & Wages Fringe Benefits Cost of Providing Services - Other: Municipal Marina Min. Golf Course Other - Misc. Total COP - Other Total Cost of Providing Services Total Operating Appropriations FROM TO 350,000.00 75,000.00 150,000.00 20,000.00 425,000.00 170,000.00 400,000.00 50,000.00 15,000.00 200,000.00 15,000.00 5,000.00 465,000.00 220,000.00 $ 890,000.00 $ 390,000.00 1,000,000.00 500,000.00 Page 1 of 3 Non -Operating Appropriations Renewal and Replacement Reserve 0.00 1,500,000.00 Total Non- Operating Appropriations 0.00 1,500,000.00 Total Appropriations 1,000,000.00 2,000,000.00 Less: Unrestricted Net Position Utilized 500,000.00 1,500,000.00 Net Appropriations $ 500,000.00 $ 500,000.00 Proposed Capital Budget Funding Source Renewal & Estimated Replacement Cost Reserve Capital Improvements - Carteret Waterfront Park, Municipal Marina & Veterans Pier. $ 1,500,000.00 $ 1,500,000.00 5 Year Capital Improvement Plan Estimated Current Year Cost 2020 Capital Improvements - Carteret Waterfront Park, Municipal Marina & Veterans Pier. $ 1,500,000.00 $ 1,500,000.00 5 Year Capital Improvement Plan Funding Sources Funding Source Renewal & Estimated Replacement Cost Reserve Capital Improvements - Carteret Waterfront Park, Municipal Marina & Veterans Pier. $ 1,500,000.00 $ 1,500,000.00 Page 2 of 3 BE IT FURTHER RESOLVED, That two (2) certified copies of this resolution be filed forthwith the Authority Bureau, Division of Local Government Services, Department of Community Affairs, State of New Jersey for approval of the CY 2020 Budget so amended. It is hereby certified that this is a true copy of a resolution amending the budget, adopted by the Board of Commissioner's on the 1 lth day of February, 2020. Certified by me February 11, 2020 ti Car'imela Pogorzelski Clerk to the Board Page 3 of 3 2020 (2020-2021) ADOPTION CERTIFICATION CARTERET PORT AUTHORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 3L 2020 Note: This is filled on for Adoption of the Budget Don't fill in for Introduction of the Budget It is hereby certified that the Authority Budget and Capital Budget/Program annexed hereto is a true copy of the Budget adopted by the governing body of the Carteret Port Authority, pursuant to N.J.A.C. 5:31-2.3, on the 11th day of, February, 2020. Officer's Signature: g .(,_ , .Q„, ' � Name: CARMELA POGORZELSKI .../ Title: BOARD SECRETARY Address: 61 COOKE AVENUE, CARTERET, NJ 07008 Phone Number: 732.541.3802 Fax Number: 732.541.4989 E-mail address POGORZELSKIC@CARTERET.NET Page C-6 2020 (2020-2021) ADOPTED BUDGET RESOLUTION This resolution is for Adoption of the Budget Only Don't use for introduction of the Budget Note Fill in the name of Each Commissioner and indicate their recorded Vote CARTERET PORT (Name) AUTHORITY FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 3L 2020 WHEREAS, the Annual Budget and Capital Budget/Program for the Carteret Port Authority for the fiscal year beginning January 1, 2020 and ending, December 31, 2020 has been presented for adoption before the governing body of the Carteret Port Authority at its open public meeting of February 11, 2020; and WHEREAS, the Annual Budget and Capital Budget as presented for adoption reflects each item of revenue and appropriation in the same amount and title as set forth in the introduced and approved budget, including all amendments thereto, if any, which have been approved by the Director of the Division of Local Government Services; and WHEREAS, the Annual Budget as presented for adoption reflects Total Revenues of $ 500,000.00, Total Appropriations, including any Accumulated Deficit, if any, of $ 2,000,000.00 and Total Unrestricted Net Position utilized of $ 1,500,000.00; and WHEREAS, the Capital Budget as presented for adoption reflects Total Capital Appropriations of $ 1,500,000.00 and Total Unrestricted Net Position planned to be utilized of $ 0.00; and NOW, THEREFORE BE IT RESOLVED, by the governing body of Carteret Port Authority, at an open public meeting held on February 11, 2020 that the Annual Budget and Capital Budget/Program of the Carteret Port Authority for the fiscal year beginning, January 1, 2020 and, ending, December 31, 2020 is hereby adopted and shall constitute appropriations for the purposes stated; and BE IT FURTHER RESOLVED, that the Annual Budget and Capital Budget/Program as presented for adoption reflects each item of revenue and approp lation in the same amount and title as set forth in the introduced and approved budget, including 4i amendments thereto, if y, which have bee approved by the Director of the Division of Local Government Services. Governing Body Member: ary's Sign t REIMAN February 11, 2020 (Date) Recorded Vote Ada Nay Abstain Absent D'ORSI BELLING CALIGUARI KASKUW X WATERS (ALTS._._,.._:.__.____..__......_...____X Note Fill in the name of Each Commissioner and indicate their recorded Vote Page C-7 2020 (2020-2021) AUTHORITY BUDGET Narrative and Information Section 2020 (2020-2021) AUTHORITY BUDGET MESSAGE & ANALYSIS CARTERET PORT AUTHORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM: To: JANUARY 1, DXCEM13ER 2020 3i. 2020 Answer all questions below. Attach additional pages and schedules as needed. 1. Complete a brief statement on the 2020/2020-2021 proposed Annual Budget and make comparison to the 2013/20192020 adopted budget for each Revenues andAppropriations. Explain any variances over +/-10% (As shown on budget pages F-2 and F-4 explain the reason for changes for each reyenuN and appropriation changing more than 10%) for each individual revenue and appropriation line item. Explanations of variances should include a description of the reason for the increase/decrease in the budgeted line item, not just an indication of the amount and percent of the change. Attach any supporting documentation that will help to explain the reason for the increase/decrease in the budgeted line item. The Budget continues to provide for the operation of the Port Authority, including the Veterans Pier & Municipal Marina. The Budget utilizes an anticipated subsidy from. the Borough as well as Net Assets on hand. 2. Describe the state of the local/regional economy and how it may impact the proposed Annual Budget, including the planned Capital Budget/Program. .(Example Consider New Development projects such as Housing /Commercial projects impact on the Authorities expenses or revenues). N/A 3. Describe the reasons for utilizing Unrestricted Net Position in the proposed Annual Budget and or Capital Budget, i,e. rate stabilization, debt service reduction, to balance the budget, etc. If the Authority's budget anticipates a use of Unrestricted Net Position, this question must be answered. The Port Authority is appropriating net asserts on hand to provide for the operations of its activities. 4. Identify any sources of funds transferred to the County/Municipality as a budget subsidy or a shared service payments, pilot payments, or other types of contracts or agreements (Example to provide police services to the Authority etc, and explain the reason for the transfer (i,e.: to balance the County/Municipality budget, etc.). N/A 5. The proposed budget must not reflect an anticipated deficit from 2020/2020-2021 operations. if there exists an accumulated deficit from prior years'. budgets (and funding is included in the proposed budget as a result of a prior deficit) explain the funding plan to eliminate said deficit (N.J.S.A.. 40A:5A-12). If the Authority has a net deficit reported in its most recent audit, it must provide a deficit reduction plan in response to -this question. N/A (Prepare a response to deficits in most recent audit report pertaining to Deficits to Unrestricted Net Position caused by recording Pension and Post -Employment Benefits liabilities as required by GASl3 68 and GASB 75) and similar types of deficits in the audit report. How would these deficits be funded? 6. Attach a schedule of the Authority's existing rate structure (connection fees, parking fees, service charges, etc.) if it has been changed since the prior year budget submission and a schedule of the proposed rate structure for the upcoming fiscal year. Explain any proposed changes in the rate structure and attach the resolution approving the change in the rate structure, if applicable. (If no changes to fees or rates indicate (Answer as "Rates Are Staying the Sarre") N/A Page N -I AUTHORITY CONTACT INFORMATION 2020 (2020-2021) Please complete the following information regarding this Authority. All information requested below must be completed. Name of Authority: CARTERET PORT AUTHORITY . Federal IDNumber: 83-0436698 Address: 61 COOKE AVENUE City, State, Zip: CARTERET NJ 07008 Phone: (ext.) 732541.3802 Fax: 732.541.4989 Preparer's Name: RONALD F. GARDNER Preparer's Address: 61 COOKE AVENUE City, State, Zip: CARTERET NJ 07008 Phone: (ext.) 732.541.3802 Fax: 732.541.4989 E-mail: RGARD5@AOL.COM Chief Executive Office€ : (I) I ANK D'ORSI, CHAIRMAN (1)Or person who performs these functions under another Title Phone: (ext.) 732.541.3802 Fax: 732.541.4989 E-mail: POGORZELSKI@CARTERET,NET Chief Financial Officer(1) RONALD F. GARDNER, TREASURER (1) Or person who performs these functions under another Title Phone: (ext.) 732.541.3802 Fax: 732.541.4989 E-mail: RGARD5@AOL.COM Name of Auditor: ROBERT ALLISON Name of Firm: HOLMAN FRENIA ALLISON PC Address: 912 HWY 33, S'pE 2 City, State, Zip: FREEHOLD NJ 07728 Phone.: (ext.) 732.409.0800 Fax: E-mail: RALLISON@HFACPAS COM Page N-2 AUTHORITY INFORMATIONAL QUESTIONNAIRE CARTERET PORT AUTHORITY (Name) FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 31, 2020 Answer all questions below completely and attach additional information as required. 1) Provide the number of individuals employed in (Use Most Recent W-3 Available 2018 or 2019) as reported on the Authority's Form W-3, Transmittal of Wage and Tax Statements: 2 2) Provide the amount of total salaries and wages as reported on the Authority's Form W-3, (Use Most Recent W-3 Available 2018 or 2019) Transmittal of Wage and Tax Statements: 0,000.00 3) Provide the number of regular voting members of the governing body: 5 Oven if not aII commissioners have been appointed (Total Commissioners are either 5 or 7 (Regional Authorities may have more than 7 members) s per statute for your Authority) 4) Provide the number of alternate voting members of the governing body: 1 (Maximum is 2) 5) Did any person listed on Page N-4 have a family or business relationship with any other person listed on Page N-4 during the current fiscal year? NO If ' yer, " attach a description of the relationship including the names of the individuals involved and their positions at the Authority. 6) Did all individuals that were required to file a Financial Disclosure Statement for the current fiscal year (Most Recent Filing that March 31.2019 or 2020 deadline has passed 2019 or 2020) because of their relationship with the Authority file the form as required? (Checked to see if individuals actually filed at http://www.state.nj.us/dealdivisions/digs/resources/fds.html before answering) YES 1f "no," provide a list of those individuals who failed to file a Financial Disclosure Statement and an explanation as to the reason for their failure to file, 7) Does the Authority have any amounts receivable from current or former commissioners, officers, key employees or highest compensated employees? NO If "yes," attach a list of those individuals, their position, the amount receivable, and a description of the amount due to the Authority. 8) Was the Authority a party to a business transaction with one of the following parties: a. A -current or former commissioner, officer, key employee, or highest compensated employee? NO b. A family member of a current or former commissioner, officer, key employee, or highest compensated employee? NO c. An entity of which a current or former commissioner, officer, key employee, or highest compensated employee (or family member thereof) was an officer or direct or indirect owner? NO If the answer to any of the above is '.`yes," attach a description of the transaction including the name of the commissioner, officer, key employee, or highest compensated employee (or family member thereof) of the Authority; the name of the entity and relationship to the individual or family member; the amount paid; and whether the transaction was subject to a competitive bid process. 9) Did the Authority during the most recent fiscal year pay premiums, directly or indirectly, on a personal benefit contract? A personal benefit contract is generally any life insurance, annuity, or endowment contract that benefits, directly or indirectly, the transferor, a member of the transferor's family, or any other person designated by the transferor. NO If "yes," attach a description of the arrangement, the premiums paid, and indicate the beneficiary of the contract. 10) Explain the Authority's process for determining compensation for .all persons listed on Page N-4. Include whether the Authority's process includes any of the following: 1) review and approval by the commissioners or a committee thereof; 2) study or survey of compensation data for comparable positions in similarly sized entities; 3) annual or periodic performance evaluation; 4) independent compensation consultant; and/or 5) -written employment contract. Attach a narrative of your Authorities procedures fin' all individuals listed on Pare N-4 (2 of 2). N/A. Page N-3 (1 of 2) 11) Did the Authority pay for meals or catering during the current fiscal year? NO If "yes," attach a detailed list of all meals and/or catering invoices for the current fiscal year and provide an explanation for each expenditure listed. 12) Did the Authority pay for travel expenses for any employee or individual listed on Page N-47 NO. If "yes," attach a detailed list a all travel ex eases for the current fiscal year and provide an explanation for each expenditure listed. 13) Did the Authority provide any of the following to or for a person listed on Page N4 or any other employee of the Authority? a. First class or charter travel NO b. Travel for companions NO e. Tax indemnification and gross -up payments NO d, Discretionary spending account NO e. Housing allowance or residence for personal use NO f. Payments for business use of personal residence NO g. Vehicle/auto allowance or vehicle for personal use NO IL Health or social club dues or initiation fees NO i. Personal services (i.e.: maid, chauffeur, chef) NO If the answer to any of the above is "yes," attach a description of the transaction including the name and position of the individual and the amount expended. 14) Did the Authority follow a written policy regarding payment or reimbursement for expenses incurred by employees and/or commissioners during the course of Authority business and does that policy require substantiation of expenses through receipts or invoices prior to reimbursement? N/A If "no," attach an. explanation of the Authority's process for reimbursing employees and commissioners for expenses. (1f your authority does not allow for reimbursements indicate that in answer) 15) Did the Authority make any payments to current or former commissioners or employees for severance or termination? NO If "yes," attach explanation including amount paid. 16) Did the Authority make any payments to current or former commissioners or employees that were contingent upon the performance of the Authority or that were considered discretionary bonuses? NO If "yes," attach explanation including amount paid. 17) Did the Authority comply with its Continuing Disclosure Agreements for all debt issuances outstanding by submitting its audited annual financial statements, annual operating data, and notice of material events to the Municipal Securities Rulemaking Board's Electronic Municipal Marketplace Access (EMMA) as required? N/A If "rw " attach a description of the Authority's plan to ensure compliance with its Continuing Disclosure Agreements in the future. ¶no bonded Debi answer is Not Applicable). (New Jersey Infrastructure Trust Loans are not bonded debt of an Authority) 18) Did the Authority receive any notices from the Department of Environmental Protection or any other entity regarding maintenance or repairs required to the Authority's systems to bring them into compliance with current regulations and standards that it has not yet taken action to remediate? NO If "yes," attach explanation as to why the Authority has not yet undertaken the required maintenance or repairs and describe the Authority's plan to address the conditions identified. 19) Did the Authority receive any notices of fines or assessments from the Department of Environmental Protection or any other entity due to noncompliance with current regulations (i.e.: sewer overflow, etc.)? NO If "yes," attach a description of the event or condition that resulted in the fine or assessment and indicate the amount of the fine or assessment. Page N-3 (2 of 2) (This page is directions for filling in page (N-4 (2-0.1'2) ) (No answers should be entered on this page) AUTHORITY SCHEDULE OF COMMISSIONERS, OFFICERS, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES AND INDEPENDENT CONTRACTORS CARTERET PORT AUTHORITY (Name) FISCAL YEAR: FROM: jAN. 1, 2020 TO: DEC. 31,2020 Complete the attached table for all persons required to be listed per #1-4 below, 1) List all of the Authority's current commissioners and officers and amount of compensation from the Authority and any other public entities as defined below. Enter zero if no compensation was paid. 2) List all of the Authority's key employees and highest compensated employees other than a commissioner or officer as defined below and amount of compensation from the Authority and any other public entities. 3) List all of the Authority's former officers, key employees and highest compensated employees who received more than $100,000 in reportable compensation from the Authority and any other public entities during the most recent fiscal year completed. 4) List all of the Authority's former commissioners who received more than $10,000 in reportable compensation from the Authority and any other public entities during the most recent fiscal year completed. Commissioner: A member of the governing body of the authority with voting rights, Include alternates for purposes of this schedule. Officer: A person elected or appointed to manage the authority's daily operations at any time during the year, such. .as the chairperson, vice -chairperson, secretary, or treasurer. For the purposes of this schedule, treat the authority's top management official and top financial official as officers. A member of the governing body may be both a commissioner and an officer for the purposes of this schedule. Key employee: An employee or independent contractor of the authority (other than a commissioner or officer) who meets both of the following criteria: a) The individual received reportable compensation from the authority and other public entities in excess of $150,000 for the most recent fiscal year completed; and b) The individual has responsibilities or influence over the authority as a whole or lies power to control or determine 10% or more of the authority's capital expenditures or operating budget. Highest compensated employee: One of the five highest compensated employees or independent contractors of the authority other than current commissioners, officers, or key employees whose aggregate reportable compensation from the authority and other public entities is greater than $100,000 for the most recent fiscal year completed. Compensation: All forms of cash and non -cash payments or benefits provided in exchange for services, including salaries and wages, bonuses, severance payments, deferred payments, retirement benefits, fringe benefits, and other financial arrangements or transactions such as persona) vehicles, meals, housing, personal and family education benefits, below -market loans, payment of personal or family travel, entertainment, and personal use of the Authority's property. Compensation includes payments and other benefits provided to both employees and independent contractors in exchange for services. Reportable compensation (Use the Most Recent W-2 available 2018 or 2019. The aggregate compensation that is reported (or Is required to be reported) on Form W.2, box 1 or 5, whichever amount is. greater, and/or Form 1099-M1SC, box 7, for the most recent calendar year ended 60 days before the start of the proposed budget year. For example, for fiscal years ending December 31, 2020, the most recent W-2 and 1099 should be used 2019 or 2018 (60days prior to start of budget year is November 1, 2019, with 2018 being the most recent calendar year ended), and for fiscal years ending June 30, 2020, the calendar year 2019 W- 2 and 1099 should be used (60 days prior to start of budget year is May 1, 2019, with 2019 being the most recent calendar year ended). Other Public Entity: Any municipality, county, local authority, fire district, or other government unit, regardless of whether it is related in any way to the Authority either by function or by physical location. Page N-4 (1 of 2) Authority Sched ule of Commissioners, Officers, Key Employ ees, Highest C ompe nsated Employees and Independe nt Contractors (Continued) Name cearEarrPORT AUTH ORTY For the Period .€ anuary1,2020 to December 31, 2020 Position (C an Ch eck more than E column forrmch Rep ortable C ompensation from Auth ority' (1W - person) 2/ 1099) T rue Average H our s per Week Dedicated to Po sition a 3 0 1 Vincent Seliino 2 Joseph Caliigtrari 5 Hank D'O rsi 4 Wesley Kasktw 5 Danie l/. Reiman 5 Ben ny Waters 7 a 1❑ 7,1 12 13 14 15 Total: Commissioner Commissio ner Commissioner Commiss ioner Commissioner A lternate 3x 3x 3X 3x 3x 3X 6 a Base Salary/ Stipend Bonus Other (auto allowanc e, expense acco unt payment in lieu of h ealth b enefits, etc.) Ji E stimated am ount of other compensation from the Auth ority (health be nefit s, pension, etc .) Total C ompensation from Authority 111112 EUNIMIMBERE Namesef Other Public EnBreles where Individual is an Employee or Member Po sitio ns held Positions at of the Governing at Other Public Other Public B ody (1) S ee note Entities Listed in Entities listed below Column 0 in C olumn 0 Average Hours per Weak Dedicated to - BORO OF CARTERET COUNCOL n NONE a NONE 0 NONE 0 BORO OF CARTEREr M AYOR 0 N ONE a a 0 0 0 0 0 a 0 $ 10 40 Reportable Comp ensation from Other Public E ntities (W-211099) Estimated amount of other comp ensation fr om Other Public E ntities (health benefits, pe nsion, payment in lieu of health benefits, etc.) �' llU L'til 'tl1 I i ltl,� Total Compensation All Ptsbric Entities $ a 0 a 0 0 0 a 0 0 0 0 ❑ 0 (1.1 i nsert No ne"i n this . column for eocai ndviduulthat [fowl ofdcrpositionwith annthe rPuhiiirErrtity Pa p N-4 (2 of 2) Schedule of H ealth Benefits - Detailed Cost Analysis If Not Applicabl e X this b ox Below Activ e Employees - Hea lth Be nelxls-Annu al C ost Single Coverage Parent & Child Employee & Spou se {or Partner) Family Emplo yee Cost Sharin g Co rrtribu tion (en ter as negative - ) Subtotal Commissioners - Health Benefits - Annual Cost Single Coverage Parent & Child Employee & Spouse (or Partner) Family Employee Cost Sharing Contribution (enter as negative - ) Subtotal Retirees- He alth Be nefits -Annu al Co st Single Coverage Parent & Child Emplo yee & Spouse (or Partner) Family Employee Cost Sharing Contribution (enter as negativ e - ) Subtotal GRA ND TOTAL CARTERET PORT AUTHORITY F or the Period Ja nuary 1, 2020 # of Co vered Members (Medical & Rx) Prop os ed Budget Annual Co st Estimat e per T otal Cost Employee Estimate Proposed Proposed Budget Budget 0111114i1B11111 0 Is medical cove rage prov ide d by the SHBP (Ye s or No)? (Place Answer in Bo x) is prescriptio n dru g co ve rage provide d by the SHBP (Ye s or No)? (Place A nswer in Box) Note: Remember to Enter an amount in rows for Employee Co st Sha ring ii $ # of Covered Members (Medical & R x) Current Year JP; rl , �! Y 0 Yes or No Yes or No Decernts er 31, 2020 Annual Cast per Employee Total Prior $ Increase % I ncreas e Current Year year Year Cost (Decrease) (Decrease) $ #DIV/OI #DIV/ol #DIV/0! #DIV/0! #DIV/ol #DDiV/0I #DIV/0l #DI V/0l #DIV/D? #DI V/II! #DIV/ol #DIV/01 #DIV/01 #DIV/0! #DIV/0! #DlV/C) #D1V/0l ##D1V/OI #DiV/O? Page NI -5 Schedule of Accumulated Liability for Compensated Absenc es CARTERET P ORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 Complete the below table for th e Authority's accred liability for compens ated abs ences . X Bo x if Authority has no Compe nsated Abcences Individuals Eligible fo r Benefit X Dollar Val ue of Gross Days of Accum ulated Accrued Comp ensat ed Absences at End Compensated of Last Issued Audit Report Absence Liability Total liability fo r accumulated compensated absences at beginn ing of current year $ Leg al Basis for Be nefrt (check applicable items o x_ 0.5 5 o w v, 0. ci < b 0 44 la E a E Agreement The total A mount Should agree to most recently issued audit report for the Authority Page N-6 Schedule of Shared Service Agre ements For the Period if No Shared Services X this Box CARTERET PORT AUTHORITY January 1, 2020 to X December 31, 2020 Enter the sha red service agr eements that t he Auth orit y currently e ngages in and identify the amount that is received/paid f or those s ervic es. Na me of Entity Prov iding Serv ice Name of Entity Recei ving Ser vice Type of Shared Service Pr ovided Am ount to be Agreement Rec ei ved by/ Comments (Enter m ore specifics if Effectiv e Agreement P aid from needed) Dat e End Date A uthority Page N-7 2020 (2020.2021) AUTHORITY BTA)GET Financial Schedules Section SUMMARY CARTERET PORT AUTHORITY F or the Period January 1, 2020 to December 31, 2020 FY 2020 Pr op osed Budg et $ Increase % Increase (Decrease) (Decrease) FY 2019 Adopted Proposed vs. Proposed vs. Budget Adopted Adopted PORT Operation Total All T otal All AUTHORITY #2 N/A N/A N/ A N/A Operati ons Operati ons All Operations All Operations REVENUES To tal Operating Rev enues $ - $ - $ $ $ - $ - $ - $ - $ - #DIV/0! To tal Non -Operating Revenues 500,000 - - 500,000 500,000 0.0 % Total Anticipated Revenues 500,000 - 500,000 500,000 0.0% APPROPRIA TIONS Total Administration 110,000 - - - - 110 ,000 76,000 34,000 44.7% Total Cost of Providing Services 390,000 - - - 390,000 424,000 (34,000) -8 .0% Total Principal Payments on Debt Service in Lieu of Depreciation #DIV/0! Total Operating Appropriations 500,000 - 500,000 500 ,000 0.0% Total Interest Payments on Debt - - - - - #DIV/01 Total Other Non -Operating Appropriations 1,500,000 - - - 1,500,000 - 1,500,000 #D1V/0! Total Non -Operating A ppropriations 1,500,000 - 1,500,000 - 1,500,000 #DIV/0! Accumulated Deficit - - - - #DIV/0! Total Appropriations and Accumulated Deficit 2,000,000 - 2,000,000 500,000 1,500,000 300.0 % Less: Total Unrestricted Net Position Utilized 1,500,000 - - - 1,500,000 - 1,500,000 #DIV/0l Net Total Appropriations 500,000 - - - 500,000 500,000 - 0.0% A NTICIPATED SURPLUS (DEFICIT) $ $ $ $ - $ $ $ $ $ #DIV/0l F-1 Revenue Schedule CARTERt:T PORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 OPERATING REVENUES Service Charges Residential Business/Commercial industrial Intergovernmental Other Total Service Charges Connection Fees Residential Business/Commercial Industrial Intergovernmental Other Total Connection Fees Parking Fees Meters Permits FInes/Penalties Other Total Parking Fees Other Operating Revenues (List) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Grant Other Rev) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Total Other Revenue Total Operating Revenues NON -OPERATING REVENUES Other Nan -Operating Revenues (List) FY 2020 Proposed Budget AUTt1ORIT Y Operation #2- N/A NIA N/A N/A $ increase % Increase (Decrease) (Decrease) FY 2019 Adopted Proposed vs. Proposed vs. Budget Adapted Adopted Total All Total Al] Operations Operations All Operations All Operations $ $ #alV/01 EDIV/al holy/01 #DIV/01 #DIV/01 t1DIV/01 Local Subsidy -Born of Carteret Type In Type in Type In Type in Type in Total Other Non -Operating Revenue Interest on Investments & Deposits (List) Interest Earned Penalties Other Total Interest Total Non -Operating Revenues TOTAL ANTICIPATED REVENUES 500,000 500,000 500,000 500,000 500,000 500,000 #01V/al #D1V/0I #ATV/01 #DIV/01 #DIV/al IIDIV/01 1101V/01 #01V/al #D]V/al It0]V/ol 1101V/0i #DIV/al #0IV/01 #DIV/01 #DIV/01 - 4101V/01 #DIV/0l IIDIV/al #IDIV/0l #DIV/OI #IDIV/01 thDIV/a1 #DIV/01 #DIV/01 500,000 - 500,000 500,000 $ 500,000 $ $ - $ $ $ 500,000 $ 500,000 $ 0,0% #DIV/01 #DIV/01 #DIV/6I #DIV/01 #DIV/al 0.0% #D€V/01 IIDlV/01 #DIV/01 #01V/0I 0.09E 0.0% F-2 Prior Year Adopted Revenue Schedule CARTERET PORT AUTHORITY FY2019 Adopted Budget OPERATING REVENUES Service Charges Residential Business/Commercial. Industrial intergovernmental Other Total Service Charges Connection Fees Residential BusIness/Commercial Industrial Intergovernmental Other Total Connection Fees Parking Fees Meters Permits Fines/Penalties Other Total Parking Fees Other Operating Revenues (List) Type In (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type In (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Grant, Other Rev) Total Other Revenue Total Operating Revenues NON -OPERATING REVENUES Other Non -Operating Revenues -(List) Local Subsidy -Bore of Carteret Type In Type in Type in Type In Type In Other Non -Operating Revenues interest on Investments & Deposits Interest Earned Penalties Other Total Interest Total Non -Operating Revenues TOTAL ANTICIPATED REVENUES AUTHORIT -Operation V #2 N/A N/A N/A N/A Operations Total All 500,000 5001000 500,000 - 500,000 500,000 $ 500,000 $ - - 500,000 $ $ - $ - $ 500,000 F -B Appropriations Schedule For the Period OPERATING APPROPRIATIONS Administration - Personnel Salary & Wages Fringe Benefits Total Administration - Personnel Administration - Other (List) GENERAL & PROJECT COSTS MAINTENANCE OTHER Type in Description Miscellaneous Administration* Total Administration - Other Total Administration Cost of Providing Services - Personnel Salary & Wages Fringe Benefits Total COPS - Personnel Cost of Providing Services - Other (List) MUNICIPAL MARINA MINATURE GOLF COURSE OTHER Type in Description Miscellaneous COPS* Total COPS - Other Total Cost of Providing Services Total Principal Payments on Debt Service in Lieu of Depreciation Total Operating Appropriations NON -OPERATING APPROPRIATIONS Total Interest Payments on Debt Operations & Maintenance Reserve Renewal & Replacement Reserve Municipality/County Appropriation Other Reserves Total Non -Operating Appropriations TOTAL APPROPRIATIONS ACCUMULATED DEFICIT TOTAL APPROPRIATIONS & ACCUMULATED DEFICIT UNRESTRICTED NET POSITION UTILIZED Municipality/County Appropriation Other Total Unrestricted Net Position Utilized TOTAL NET APPROPRIATIONS CARTERET PORT AUTHORITY January 1, 2020 to ############# FY 2020 Proposed Budget PORT Operation AUTHORITY 112 N/A N/A N/A N/A Operations Total All Operations All Operations All Operations $ increase % increase (Decrease) (Decrease) FY 2019 Adopted Proposed vs. Proposed vs. Budget Adopted Adopted Total Ali $ 5,000 2,500 $ 5,000 2,500 7,500 7,500 75,000 25,000 2,500 75,000 25,000 2,500 102,500 110,000 102,500 110,000 150,000 20,000 150,000 20,000 170,000 170,000 200,000 15,000 5,000 220,000 390,000 $ 4,000 $ 1,000 25.0% 2,000 500 25.0% 6,000 1,500 25.0% 55,000 20,000 36.4% 15,000 10,000 66.7% 2,500 #DIV/01 #DIV/01 #DIV/01 70,000 32,500 46.4% 76,000 34,000 44.7% 175,000 (25,000) -14.3% 35,000 (15,000) -42.9% 210,000 (40,000) -19.0% 200,000 175,000 25,000 14.3% 15,000 25,000 (10,000) -40.0% 5,000 14,000 (9,000) -64.3% _ - #DIV/01 - - #DIV/01 220,000 214,000 6,000 2.8% 390,000 424,000 (34,000) -8.0% 500,000 500,000 1,500,000 1,500,000 1,500,000 2,000,000 1,500,000 2,000,000 2,000,000 2,000,000 1,500,000 - - #D1V/01 500,000 0.0% #DIV/01 #D1V/0! 1,500,000 #D1V/01 #DIV/0! #DIV/01 1,500,000 #DIV/O1 500,000 1,500,000 300.0% #DIV/01 500,000 1,500,000 300.0% #DIV/0! 1,500,000 - 1,500,000 #DIV/01 1,500,000 #DIV/Ol 1,500,000 $ 500,000 $ - $ 1,500,000 - $ - $ - $ - $ 500,000 $ 500,000 $ 0.0% * Miscellaneous line Items may not exceed 5% of total operating appropriations shown below. If amount in miscellaneous is greater than the amount shown below, then the line item must be itemized above. 5% of Total Operating Appropriations $ 25,000.00 $ - $ - $ - $ - $ - $ 25,000.00 F-4 Prior Year Adopted Appropriations Schedule CARTERET PORT AUTHORITY FY 2019 Adopted Budget AUTHORIT Operation Total All Y #2 N/A N/A N/A N/A Operations OPERATING APPROPRIATIONS Administration - Personnel Salary & Wages Fringe Benefits Total Administration - Personnel Administration - Other (List) GENERAL & PROJECT COSTS MAINTENANCE Type in Description Type In Description Miscellaneous Administration` Total Administration - Other Total Administration Cost of Providing Services - Personnel Salary & Wages Fringe Benefits Total COPS - Personnel Cost of Providing Services - Other (List) MUNICIPAL MARINA MINATURE GOLF COURSE OTHER Type In Description Miscellaneous COPS* Total COPS - Other Total Cost of Providing Services Total Principal Payments on Debt Service in Lieu of Depreciation Total Operating Appropriations NON -OPERATING APPROPRIATIONS Total Interest Payments on Debt Operations & Maintenance Reserve Renewal & Replacement Reserve Municipality/County Appropriation Other Reserves Total Non -Operating Appropriations TOTAL APPROPRIATIONS ACCUMULATED DEFICIT TOTAL APPROPRIATIONS & ACCUMULATED DEFICIT UNRESTRICTED NET POSITION UTILIZED Municipality/County Appropriation Other Total Unrestricted Net Position Utilized TOTAL NET APPROPRIATIONS $ 4,000 2,000 6,000 $ 4,000 2,000 6,000 55,000 15,000 70,000 76,000 55,000 15,000 70,000 76,000 175,000 35,000 175,000 35,000 210,000 210,000 175,000 25,000 14,000 214,000 424,000 175,000 25,000 14,000 214,000 424,000 500,000 - 500,000 500,000 500,000 500,000 500,000 $ 500,000 $ $ 500,000 '*"Miscellaneous line items may not exceed 5% of total operating appropriations shown below. If amount in miscellaneous is greater than the amount shown below, then the line Item must be itemized above. 5% of Total Operating Appropriations ####I###tk $ - $ - $ - $ - $ - $25,000.00 F-5 Debt Service Schedule - Principal If A uthority has no debt X this bo x PORT AUTHORITY X CAR TERET PORT AUTHORITY FiSCa{ Year Endi ng in Prop osed Ad opted Budget Budget Year Year2019 2020 Tot al Principal 2021 2022 2023 2024 2023 Th er eaft er Outstanding Type in Issue Name $ Type in Issue Name Type in Issue Name Type in issue Name Total Principal Operation #2 Type in Issue Name Type in Issue Name Type in Issue Name Type in Is sue Na me Total Principal N/A Type in Issue Name Type in Issue Name Type in Issue Name Type in issue Name Total Principal N/A Type in issue Narne Type in Issue Name Type in Issue Name Type In Issue Name Total Principal N/A Type in Issue Name Type in Issu e Name Type in Issue Name Type in Issue Name Total Principal N /A Type in Issue Name Type in Issue Name Type in Issue Name Type in Issue Name Total Principal TOTA L PRINCIPAL ALL OPERA TIONS $ - $ $ - $ - $ - $ - $ - $ Indicate the Authority's most recen t band rating and the yea r of the ra ting by ratings se rvice. Moods Fitc h Standard & Poors Bond Rating Year of Last Rating If A uthority ha, no debtX this box PORTAUTHORITY Type in Issue Name Type in issue Name Type in Issue Name Type in Issue Name Total Interest Payments Opera tion #2 Type in Issue Name Type in Issue Name Type in Issu e Name Type In Issue Name Total Interest Payments N /A Type in Issue Name Type in Issue Name Type in Issue Name Type in Issue Nerne Total interest Payments N/A Type in Issue Name Type in Issue Na me Type in Issue Name Type in Issue Name Total Interest Payments N /A Type in Issue Name Type in issue Name Type in Issue Name Type in Issue Name To tal Intere st Payments N/A Type in Issue Name Type in Issue Name Type in Issue Name Type in Issue Name x Proposed Total I nt er est Ad opted Budget Budget Year Payments Year 2019 2020 2021 2022 2023 2024 2025 Thereafter Outstanding Debt Service Schedule - Int erest CARTERET PORT AUTHORITY Fiscal Year Ending In To tal Interest Payments _ TO TA L INTEREST ALL OPERATIO NS $ - $ $ - $ - $ - $ - $ - $ F-7 E nsED TA JUAR'( 31/26w Net P ositi on Reconciliation CARTERET PORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 TOTAL NET POSITION BEGINNING OF LATEST AUDIT REPORT YEAR(1) Less: Invested in Capital Assets, Net of Related Debt (1) Less: Restricted for Debt Service Reserve (1) Less: Other Restricted Net Position (1) Total Unrestricted Net Position (1) Less: Designated for No n -Operating Improvements & Repairs Less: Designated for Rate Stabilization Less: Other Designated by Resolution Plus: Accrued Unfunded Pension Liability (1) Plus: Accrued Unfunded Other Post -Employment Benefit Liability (1) Plus: Estimated income (Loss) on Current Year Operations (2) Plus: Other Adjustments (attach schedule) UNRESTRICTED NET POSITIO N AVA ILABLE FOR USE IN PROPOSED BUDGET Unrestricted Net Position Utilized to Balance Proposed Budget Unrestricted Net Position Utilized in Proposed Capital Budget Appropriation to Municipality/Co unty (3) Total Unrestricted Net Position Utilized in Proposed Budget PROJECTED UNRESTRICTED UNDESIGNATED NET POSITION AT END OF YEA R Last issued Audit Report (4) FY 2020 Proposed Budget PORT Operatio n T otal All AUTHORITY #2 N/A N/A N/A N/A Op erations $ 997,428 $ 997,428 997,428 997,428 13,085 550,000 13,085 550,000 1,560,513 1,500,000 - 1,560,513 - 1,500,000 1,500,000 - 1,500,000 $ 60,513 $ $ $ - $ $ $ 60,513 (1) Tota l of a ll opera tions for this line item must agree to audited financial statements. (2) Include budgeted and unbudgeted use of unrestricted net positio n in the cu rrent year's operations. (3) Amo unt may no t excee d 5% of total o perating appro pria tions. See calculation below. Maximum Allowable Appropriation to Municipality/County $ 50,000 $ - $ - $ - $ - $ $ 50,000 (4) If Authority is projecting a deficit for a ny operation at the end of the budget period, the Authority must attach a statement explaining its plan to reduce the deficit, including the timeline for elimination of the deficit, if not alre ady detailed in the budget narra tive section. F-8 (1\ ame) AUTHORITY CAPITAL BUDGET! PROGRAM 2020 CERTIFICATION OF AUTHORITY CAPITAL BUDGET/PROGRAM CARTERET PORT AUTHORITY (Name) FISCAL YEAR: FROM: JAN. 1, 2020 TO: DEC. 31, 2020 [ X ] enter X to the left if this paragraph is applicable It is hereby certified that the Authority Capital Budget/Program annexed hereto is a true copy of the Capital Budget/Program approved, pursuant to N.J.A.C. 5:31-2.2, along with the Annual Budget, by the governing body of the Carteret Port Authority, on the 11th day of February, 2020. OR [ ] enter X to the left if this paragraph is applicable It is hereby certified that the governing body of the Carteret Port Authority have elected NOT to adopt a Capital Budget /Program for the aforesaid fiscal year, pursuant to N.J.A.C. 5:31-2.2 for the following reason(s): Officer's Signature: fin? '., 4C _ Name: RONALD F GARDNER Title: TREASURER Address: 61 COOKE AVENUE, CARTERET, NJ 07008 Phone Number: 732.541.3802 Fax Number: 732.541.4989 E-mail address RGARDS@AOL.COM Page CB -1 2020 (20202021) CAPITAL BUDGET/PROGRAM MESSAGE CAMPET PORT Authority (Name) FISCAL YEAR; FROM; TO: 1. Has each municipality or county affected by the actions of the authority participated in the development of the capital plan and reviewed or approved the plans or projects included within the Capital Budget/Program (This may include the governing body or certain officials such as planning boards, Construction Code Officials) as to these Projects? YE 8o12'o0(, OF CARNET. 2. Has each capital project/projcot financing been developed from a specific capital improvement plan or report; does it include full lifecycle costs; and is it consistent with appropriate elements of Master Pl ns 1ffother plans in the jurisdictions) served by the authority? YES/ (AIM )NT Dom© P61 L- T , 3, Has a long-term (5 years or more) infrastructure needs and other capital items (Vehicles, Equipment) needs assessment been prepared? )1 ', 4. If amounts are on Page CB -3 in the column Debt Authorizations, Indicate the primary source of funding the debt service for the Debt Authorizations (Example Rate Increases Funding or Other sources) si f / S. Please indicate which capital projects/project financings are being undertaken hi the Metropolitan or Suburban Planning Areas as defined in the State Development and Redevelopment Plan. 00, 6. Please indicate which capital projects/project financings are being undertaken within the boundary of a State Planning Commission -designated Center and/or Endorsed Plan and if the project was included in the Plan rniplementation Agenda for that Center/Endorsed Plan. NIA. Add additional sheets if necessary. Page CB -2 Proposed Capital Budget CARTERET PORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 Funding Sources Renewal & Estimated Total Unrestricted Net Replacement Debt Other Cost Position Utilized Reserve Authorization Capital Grants Sources PORT AUTHORITY Capital Improvements - Waterfront P< Type in Description Type in Description Type in Description $ 1,500,000 Total Operation #2 1,500,000 Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total TOTAL PROPOSED CAPITAL BUDGET $ 1,500,000 $ 1,500,000 1,500,000 $ - $ 1,500,000 $ Enter brief description of up to four projects for each operation above. For operations with more than four budgeted projects, please attach additional schedules. Input total amount of all projects for the operation on single line and enter "See Attached Schedule" instead of project description. CB -3 5 Year Capital Improvement Plan CARTERET PORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 Fiscal Year Beginning in Estimated Total Current Budget Cost Year 2020 PORT AUTHORITY Capital Improvements - Waterfi $ 1,500,000 $ 1,500,000 Type in Description - - Type in Description - Type in Description - 2021 2022 2023 2024 2025 Total 1,500,000 Operation #2 Type in Description - Type in Description Type in Description - Type in Description N/A Total - Type in Description Type in Description - Type in Description - Type in Description Total - N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total TOTAL 1,500,000 $ 1,500,000 $ 1,500,000 $ $ Project descriptions entered on Page CB -3 will carry forward to Pages CB -4 and CB -5. No need to re-enter project descriptions above. CB -4 5 Year Capital Improvement Plan Funding Sources CARTERET PORT AUTHORITY For the Period January 1, 2020 to December 31, 2020 Funding Sources Renewal & Estimated Total Unrestricted Net Replacement Debt Cost Position Utilized Reserve Authorization Capital Grants Other Sources PORT AUTHORITY Capital Improvements _ Waterfi $ 1,500,000 Type in Description Type in Description Type in Description Total 1,500,000 Operation #2 Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A Type in Description Type in Description Type in Description Type in Description Total N/A N/A Type in Description Type in Description Type in Description Type in Description Total Type in Description Type in Description Type in Description Type in Description Total TOTAL Total 5 Year Plan per CB -4 $ 1,500,000 Balance check $ 1,500,000 1,500,000 - $ 1,500,000 $ $ 1,500,000 $ - if amount is other than zero, verify that projects listed above match projects listed on CB -4. Project descriptions entered on Page CB -3 will carry forward to Pages CB -4 and CB -5. No need to re-enter project descriptions above. CB -5