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Home My Public Portal AboutCarteret Port Authority 2022 BudgetAuthority Budget of CARTERET PORT AUTHORITY State Filing Year 2022 For the Period: January 1, 2022 to December 31, 2022 WWW.CARTERET.NET Authority Web Address CNir DEPARTMENT OF Community Division of Local Government Services 2022 AUTHORITY BUDGET Certification Section 2022 CARTERET PORT AUTHORITY AUTHORITY BUDGET FISCAL YEAR: FROM January 1, 2022 TO December 31, 2022 For Division Use Only CERTIFICATION OF APPROVED BUDGET It is hereby certified that the approved Budget made a Board, and apart hereof lies with the proval is given pursuantt ts o� law and the rules and regulations of the Local Fin N.J.S.A. 40A:5A-11. State of New Jersey Department of Community Affairs Director of the Division of Local Government Services Date: By: CERTIFICATION OF ADOPTED BUDGET It is hereby certified that the adopted Budget made apart �7er�n f has s �Q been This adopted Budget with the approved Budget previously certified by the Division, and any am is certified with respect to such amendments and comparisons only. State of New Jersey Department of Community Affairs Director of the Division of Local Government Services Date: By: Page C-1 2022 PREPARER'S CERTIFICATION CARTERET PORT AUTHORITY AUTHORITY BUDGET FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 exercise 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: Name: Title: Address: Ricard' D. Llanos Treasurer 100 Cooke Avenue, Carteret, NJ 07008 Phone Number: E-mail address 735-541-3820 ext. 3106 Ilanosr@carteret.net Fax Number: Page C-2 732-541-2884 2022 APPROVAL CERTIFICATION CARTERET PORT AUTHORITY AUTHORITY BUDGET FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 Carteret Port Authority, at an open public meeting held pursuant to N.J.A.C. 5:31-2.3, on the 26th day of October, 2021 It is further certified that the recorded vote appear'ng in the resolution represents not less than a majority of the full membership of the governing bodythereof. Officer's Signature: Name: Title: Address: Phone Number: E-mail address CARMELA POGOIELSKI CLERK TO THE BOARD 61 COOKE AVENUE, CARTERET, NJ 07008 732-541-3802 Fax Number: POGORZELSKIC@CARTERET.NET Page C-3 732-541-4989 INTERNET WEBSITE CERTIFICATION Authority's Web Address: AU 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. N.J.S.A. 40A:5A-17.1 requires the following items to be included on the Authority's website at a minimum for public disclosure. Check the boxes below to certify the Authority's compliance with N.J.S.A. 40A:5A-17.1. WWW.CARTERET.NET 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 CARMELA POGORZELSKI Title of Officer Certifying compliance CLERK TO THE BOARD 0 Signature g 4-PLe., k., Jez) t 1 ! Page C-4 `/ Lii No, CAPA 21-10 2022 AUTHORITY BUDGET RESOLUTION C.A.RTERET PORT AUTHORITY 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 -t and CB -3. Re -check before this resolution is adopted FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 January 1, WHEREAS, the Annual Budget and has ital been present ted beforer the the governing body of the Cartereteret Port Authority for the s po;year�A�a�g, at its open 2022 and ending, December 31, public meeting of October 26, 2021; and WHEREAS, the Annual Budget as introduced reflects Total Revenues of $1,180,000, Total Appropriations, including any Accumulated Deficit if any, of $3,430,000 and Total Unrestricted Net Position ut lized of $2,250,000; and WHEREAS, the Capital Budget as introduced reflects Total Capital Appropriations of $4-,000,000 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 ders of ital o as, revenues rt uiisfyem all obligations toot provide for such reserves, call the may berity, to meet operating quired by law, regulationnses, or terms of outlays, debt service requirements, p contracts and agreements; and r any on to raise WHEREAS, the Capital went be us pursuant asspaarrt of the said Authority's es not plann planning and management objectives. or Specific funds; rather it is a document to p d resolution, to expend funds fora puiposes agreement, by described in this section of the resolution appropriating fends from budget, Renewal and Replacement Reserve resolution, by a project financing � , or other means provided by law. e Carteret rt rity, at an open public meeting NOW, THEREFORE cr BE ITt RESOLVED, Budget, including all latteed chedules,oand theCapitalBudget/Program ogram of the held on October 26, 2021 that Carteret Port Authority for the fiscal year beginning, January 1, 2022 and ending, December 31, 2022 is hereby approved; and cient amount to BE FURTHER xSOLVED, that anticipated covenants, terms a dreflected provisionnss as stipulatedare infthe said Autha ty's meet all proposed expenditures/expenses outstanding debt obligations, ca ital lease arrangements, service contracts, and other pledged agreements; and BE IT FURTHER RESOLVED, that the governing body of the Carteret Port Authority will consider the Annual Budget and Capital Budget/Pro rata for adop 'on on December 14, 2021 (Seere y's Signatrn, Governing Body Member: V. BELLINO 7. CALIGUARI H. D'ORSI W. KASKIW D. REIMAN Recorded Vote Aye X X x x Nay Absent Abstain X Page C-5 2022 ADOPTION CERTIFICATION CARTERET PORT AUTHORITY (Name) AUTHORITY BUDGET FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 14th day of, December, 2021. Officer's Signature: Name: Title: Address: Phone Number: E-mail address Carmela Pogorzelski Board Secretary 61 Cooke Avenue, Carteret, NJ 07008 732-541-3802 Fax Number: pogorzelskic@carteret.net Page C-6 732-541-4989 2022 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 AUTHORITY AUTHORITY FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 WHEREAS, the Annual Budget and Capital Budget/Program for the Carteret Port Authority for the fiscal year beginning January 1, 2022 and ending, December 31, 2022 has been presented for adoption before the governing body of the Carteret Port Authority at its open public meeting of October 26, 2021 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 $1,180,000. Total Appropriations, including any Accumulated Deficit, if any, of $3,430,000 and Total Unrestricted Net Position utilized of $2,250,000; and WHEREAS, the Capital Budget as presented for adoption reflects Total Capital Appropriations of $4,000,000 and Total Unrestricted Net Position planned to be utilized of $0; and NOW, THEREFORE BE IT RESOLVED, by the governing body of Carteret Port Authority, at an open public meeting held on October 26, 2021 that the Annual Budget and Capital Budget/Program of the Carteret Port Authority for the fiscal year beginning, January 1, 2022 and, ending, December 31, 2022 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 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. (Secretary's Signature) Recorded Vote (Date) Governing Body Member: Aye Nay Abstain Absent V. BELLINO J. CALIGUARI H. D'ORSI W. KA.SKIW D. REIMAN Page C-7 2022 AUTHORITY BUDGET Narrative and Information Section AUTHORITY INFORMATIONAL QUESTIONNAI'"' CARTERET PORT AUTHORITY FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 2019 or 2020) 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 Fonn W-3, (Use Most Recent W-3 Available 2019 or 2020) Transmittal of Wage and Tax Statements: $4,080.00 3) Provide the number of regular voting members of the governing body: 5 (Even if not all commissioners have been appointed (Total Commissioners are either 5 or 7 (Regional Authorities may have more than 7 members) per statute for your Authority) 4) Provide the number of alternate voting members of the governing body: 0 (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 ryes," 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. 2021 or 2022 deadline has passed 2021 or 2022) 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/dca/divisions/digs/resources/fds.html before answering) YES If "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 for all individuals listed on Page N-4 (2 of 2). Page N-3 (1 of 2) 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 Same") Rates remain the same, if applicable. Page N-1 AUTHORITY CONTACT INFORMATION 2022 Please complete the following information regarding this Authority. All information requested below must be completed. Name of Authority: Federal ID Number: Address: City, State, Zip: Phone: (ext.) Preparer's Name: Preparer's Address: City, State, Zip: Phone: (ext.) E-mail: CARTERET PORT AUTHORITY 83-0436698 61 COOKE AVENUE CARTERET 732-541-3802 RICARDO D. LLANOS 100 COOKE AVENUE CARTERET 732-541-3820 ext. 3106 LLANOSR@CARTERET.NET I Fax: Fax: Chief Executive Officer:(1) 1 HANK D'ORSI, BOARD CHAIRMAN (1)Or person who performs these functions under another Title 732-541-3802 Phone: (ext.) E-mail: Chief Financial Officer(i) NJ 07008 732-541-4989 NJ 07008 732-541-2884 Fax: ] 732-541-4989 POGORZELSKIC@CARTERET.NET RICARDO D. LLANOS (1) Or person who performs these functions under another Title Phone: (ext.) 732-541-3820 ext. 3106 LLANOSR@CARTERET.NET E-mail: Name of Auditor: Name of Firm: Address: City, State, Zip: Phone: (ext.) E-mail: ROBERT ALLISON HFA CPA'S 194 BERGEN PLACE RED BANK 732-747-0010 I Fax: RALLISON@ HFACPAS.COM Fax: 732-541-2884 NJ r 07701 Page N-2 AUTHORITY INFORMATIONAL QUESTIONNAIRE CARTERET PORT AUTHORITY FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 2019 or 2020) 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, of Wage and Tax Statements: $4,080.00 (Use Most Recent W-3 Available 2019 or 2020) Transmittal 3) Provide the number of regular voting members of the governing body: S (Even if not all commissioners have been appointed (Total r e s are Authority) either 5 or 7 (Regional Authorities may have more than 7 members) per tatute fo 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 "yes," 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 31.2021 or 2022 deadline has passed 2021 or 2022) 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/deal/divisions/digs/resources/fds.html before answering) YES If "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 and indicate the transferor. of the contractach a description of the arrangement, the premiums paid, 10) Explain the Authority's process for determining compensation for all persons and apsted proval by the Page N-4. Include whether the Authority's process includes any of the following: 1) pp commissioners or a committee thereof; 2) study or survey of compensation data for comparable positions in similarly sized entities; 3) written al emrloperiodic ment contract. nance Attach evaluation; narrative independent your compensation consultant; and/or 5) employment Authorities procedures for all individuals listed on Page N-4 (2 of 2). 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-4? NO If "yes," attach a detailed list of all travel expenses 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 N-4 or any other employee of the Authority? a. First class or charter travel NO b. Travel for companions NO c. 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 h. 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. (If 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 "no," attach a description of the Authority's plan to ensure compliance with its Continuing Disclosure Agreements in the future. (If no bonded Debt 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) Y AUTHORI'T'Y SCHEDULE OF CO CONTRAC CONTRACTORS HIGHEST COMPENSATED EMPLOYEES AND INDEPENDENT CARTERET PORT AUTHORITY FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 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 has 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, benefits, salaries and wages, bonuses, severance payments, deferred payments, retirement benefits, ben fnd and other financial arrangements or transactions such as personalo novae vehicles, meals, ls,husing, personalmmentl and . family education benefits, below -market loans, payment p family travel, 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 2019 or 2020. 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-MISC, 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, 2021, the most recent W-2 and 1099 should be used 2020 or 2019 (60 days prior to start of budget year is November 1, 2020, with 2019 being the most recent calendar year ended), and for fiscal years ending June 30, 2021, the calendar year 2020 W- 2 and 1099 should be used (60 days prior to start of budget year is May 1, 2021, with 2020 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) C ARTERET PORT AUTHORITY For th e P eriod January 1, 2022 to December 31, 2022 Average Hours per Week Dedicated to Name Title Position 1 Hon. Daniel J. Reiman Boa rd Member 2 Ha nk D'Orsi Board Me mber 3 Wesley Kaskiw Board Me mber 4 Joseph Caliguari Board M ember 5 Vincent Bellino Board Me mber 6 7 s 9 10 11 12 16 14 15 Totals Position ICan Check more than 1 Column for each Reportable Compensation from Authority pers on) (W211099) 0 3 S O m _ 3 z mi St 3 B 5 x 5 x 5 x 5 x 5 x Other (auto allowance, expense accou nt, payment in lieu of health benefits, etc.) Base Sal ary/ Stipend B onus Estimat ed Total amount of other Compensation compensation from A uthority from the A uthority (health b enefits, pension, etc.) $ - $ - $ 0 0 0 O 0 0 O 0 0 O 0 0 Names of Other Positions held Average H ours Public Entities wh ere at Other Public per We ek individual is an Entiti es Listed Dedicated to Employee or in Column 0 P ositions at M ember of th e Oth er Public Gov erning Body Entities Listed (1) See not e bel ow in C olumn 0 Reportable Estimated amount Compensation of other from Other compensation from Public Entitles Other Public Entities (W-2/ 1059) • (health b enefits, pension, payment in lieu of h ealth benefits, etc.) Total Comp ensation All P ublic Entiti es $ - Bora Carteret Mayor 35 $ 121,066 5 12,530 $ 133,655 0 0 None 0 o o N one 0 0 0 None 0 Council O 0 Born Carter et Member 5 12,355 5,258 17,617 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133,423 $ 17,848 $ 151,273 (1) I nsert "None" in this colum n f or each indi vidu al that does not hold a positio n with an other Public Entity 5-4 (2 of 2) Schedule of Health Benefits - Detailed Cost Analysis If N ot Applicable X this b ox Below X Active Emplo yees - Health Benefits - Annual C ost Single Coverage Parent & Child Employee & Spouse (o r Partner) Family Employee Cost Sharing Contribution (enter as negative - ) Subtotal Commissioners - Health Benefits - A nnu al Co st Single Coverage Parent & Child Employee & Spouse (or Partner) Family Employee Cost Sharing Contribution (enter as negative - Subtotal Retirees - Health Benefits - An nual Cost Single Cov erage Parent & Child Employee & Spouse (or Partner) Family Employee Cost Sharing Co ntribution (enter as negative - Subtotal CARTERET P ORT AUTHORITY For the Period January 1, 2022 # of Co vered Members (Medical & Rx) Proposed Budget Annual Cost Estimate per Total Cost Empl oyee Estimate Proposed Proposed Budget Budget to December 31, 2022 # of Covered Members (Medical & Rx) Current Year Annual C ost per Employee Total Prior $ Increase Current Year year Year Cost (Decrease) GRA ND TOTAL Is medical coverage provided by the SHBP (Yes or No)? (Place A nswer in Box) is prescription drug co verage prov ided by the SHBP (Yes or No)? (Place A nswer in Bo x) Note: R emember to En ter an amount in rows for Employee Cost Sharing Yes or No Yes or No Increase (Decrease) #DIV/0! #DIV/0! #D IV/0! #DIV/0I #DIV/0 I #DIV/0! #DIV/0! #DIV/0l #DIV/0! #0I V/0! #0 IV/0 I #DIV/0! #DIV/0! #DIV/0! #DIV/0I #DIV/0 I #DIV/0! #DIV/0! #DIV/0! Page N-5 Schedule of Accumulated Liability for Compensated Absences C ARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31, 2022 Complete the below table f or the Authority's accru ed liability for c ompensated absences. X Box if Au thority has no Compens ated Abcences X Dollar Value of Gross Days of Accumul ated Accrued Compensated Absences at End Compensated Indiv iduals Eligible for Benefit of Last issued A udit Rep ort Absence Liability Legal Basis for Benefit (check applicable items) 113 0 0 as Total liability for accumulated compensated absences at beginning of current year $ The total Amou nt Should agree to most recently issued au dit report for the Authority • Page N-6 Schedule of Shared Service Agreements CARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31, 2022 If No Shared Services X this Box Enter the shared service agreements that the A uthority curr ently e ngages in and identify the amount that is received/p aid f or those services . X Amount to be Agreem ent Receiv ed by/ Comments (Ent er more specifics if Effective Agre ement Paid fr om Name of Entity Providing Service Name of Entity Receiving Service Type of Shared Service Provided needed) Date End Date Authority Page N-7 Explanation of Variances +1- 10% Revenue Slip Rentals Actual revenues for 2021 year to date have significantly increased from the anticipated revenues budgeted. A larger number of Marina slips have been rented at the Marina, as we continue to grow. Ferry Service The Borough plans on initiating a Ferry Service in the summer of 2022. Anticipated revenues from the Service from June 1, 2022 through December 31, 2022 will be $245,000. Redevelopment fees supporting transportation service to the Ferry from multiple locations within Carteret have been contracted. This will generate $120,000 from June 1, 2022 through December 31, 2022. Miscellaneous Other Actual revenues outside of slip rentals for 2021 year to date has been minimal, adjusted budget amount more accurately reflects future anticipated revenues from slip rentals. Renewal and Replacement Reserve This fund accumulates each year to support future repairs, replacements and upgrades to the marina. Appropriations The Ferry Service will incur expenses from June 1, 2022 through December 31, 2022 as follows: • Personnel -$80,000 • Software/Technical Support -- $10,000 • Fuel $12,500 6 Engineering $25,000 9 Medical -$25,000 ® Consulting Services - $25,000 ® Advertising -$12,5000 • Jitney Drivers (2) —$20,000 2022 AUTHORITY BUDGET Financial Schedules Section SUMMARY CARTERET PORT AUTH ORITY For the Period Ja nuary 1, 2022 to December 31, 2022 FY 2022 Prop osed Budget $ Increase % increase (Decrease) (Decrease) FY2021 Adopted Proposed vs. Proposed vs. Budget Adopted Adopted Operation Operation Total All Total All #1 #2 N/A N/A N/A N/ A Operati ons Operati ons All Operati ons All Operations REVENUES Total Operating Revenues $ 680,000 $ - $ - $ - $ $ - $ 680,000 S 200,000 $ 480,000 240.0% Total Non -Operating Revenues 500,000 - - - - 500,000 500,000 0.0% Total Anticipated Revenues 1,180,000 - - 1,180,000 700,000 480,000 68.6% APPRO PRIATIONS Total Administration 52,500 - - - 52,500 52,500 0 .0% Total Cost of Providing Services 257,500 - - 257,500 47,500 210,000 442.1% Total Principal Payments on Debt Service in Lieu of Depreciation - - #DIV/0! Total Operating Appropriations 310,000 - - - 310,000 Total Interest Payments on Debt Total Other Non -Operating Appropriations 3, 120,000 Total Non -Operating Appropriations 3,120,000 3,120,000 3,120,000 100,000 210,000 210.0% #DIV/0I 1,250,000 1,870,000 149.6% 1,25 0,000 1,870,000 149.6% Accumulated Deficit - - - - - #DIV/01 Total Appropriations and Accumulated Deficit 3,430,000 - - - - 3,430,000 1,350,000 2,080,000 154 .1% Less: Total Unrestricted Net Position Utilized 2,250,000 - 2,250,000 650,000 1,600,000 246.2 % Net Total Appropriations 1,180,000 - - - 1,180,000 700,000 480,000 68 .6% ANTICIPA TED SURPLUS (DEFICIT) $ - $ - $ - $ - $ - $ - $ - $ $ - #DIV/01 F-1 Revenue Schedule CARTERET PORT AUTHORITY F orthe Period J anuary 1, 2022 to December 31, 2022 OPERA TING REVENUES Service Charges Reside ntial Business/Commercial Industrial Intergovernmental Other Total Serv ice Charges Connec tion Fee s Residential Business/Commercial Industria l Inte rgov ernmental O ther Total Connection Fee s Parking Fees Mete rs Permits Fines/Penalties Other Total Parking Fee s Other Operating Revenues (Gist) Rental Agreement Ren tal of Boat Slips Other Miscellaneous Redevelopers funding for tran sportation Ferry Passenge rs Fee Type in (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Gr ant, Other Rev) Type in (Grant, Other Re v) Type in (Grant, Other Rev) FY 2022 Proposed Budget $ Increase % Increase (Decrease) (Decrease} FY 2021Adapted Proposed vs . Proposed vs. Budget Adopted Adopted Total All T otal All Operation #1 Operation #2 N/A N/ A N/A N/A Operations Operations All Operati ons Ail Operations Total Other Rev enu e Total Operating Revenues NON -OPERATING REVENUES Other Non -Operating Revenues (List) 100,000 210,000 5,000 120,900 245,000 Local subsidy - Borough of Carteret Type in Type in Type in Type in Tvne in To tal Other Non -Operating Revenue Interest on investments & Deposits (List) Inte rest Earned Penalties Other Total Interest Total Non -Operating Rev enues TOTA L ANTICIPA TED REVENUES 680,000 880,000 $ #DlV/0I #DIV/01 #011/01 #D!V/01 #DIV/Oi #01V/0! #DIV/01 #DIV/0! #DIV/0! #DIV/OI #DIV/01 #DIV/0! #DIV/01 #DIV/0! #DIV/01 #DIV/01 #DIV/01 100,000 100,000 0.0% 210,000 75,000 135,000 180.0% 5,000 25,000 (20,000) -80 .0% 120,900 120,000 #D1V/01 245,000 245,000 #OIV/0! - #DIV/01 #OEV/01 #01V/01 #DIV/0! #DIV/01 #01V101 650,000 200,000 480,000 240 .0% 680,000 200,000 480,000 240 .0% 500,000 500,000 500,009 0.0% #DIV/01 #DIV/0! #DIV/0l #DlV/01 #DIV/01 500,000 500,000 500,000 $ 1,180,000 $ - 500,000 - $ 1,180, 000 5 700,000 $ 480,000 66.6% 500,000 0.0% #DIV/0! #DIV/OI #DIV/01 #DIV/01 500,000 0.0% F-2 Prior Year Adopted Revenue Schedule CARTERET P ORT AUTHO RI TY FY2021 Ad opted Budget OPERATING REVENUES Service Charges Residential Business/Commercial Industrial Intergovernmental Other Total Service Charges Connection F ees Residential Business/Commercial Industri al Interg overnmental Other Total Connection Fees Parkin g Fee s Meters Pe rmits Fines/Pe nalties Other Total Parking Fee s Othe r Operating Revenues (List) Rental Agreement Rental of Boat Slips Other Miscellaneous Type in (Grant, Other Rev) Type in (Grant, Other Rev) Type in (Grant, Othe r Re v) 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- Born of Carteret Type in Type in Type in Type in Type in Other Non -Operating Rev enues Inte rest on Inv estments & Depo sits Interest Earned Penalties Other Total Interest Total Non -Operating Revenues TOTA L ANTICIPA TED REVENUES Operation Operation Total All #1 #2 N/ A N/A N/A N/A Operations 100,003 75,000 25,000 200,000 200,300 100,000 73,000 25,000 - 200,000 230 ,000 500,000 500,000 500,000 503,000 500,300 $ 700,000 $ $ - $ - - 500,000 $ - $ 700,000 F-9 Appropriations Schedule CARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31, 2022 $ increase % Increase (Decrease) (Decrease) FY 2021 Adopted Proposed vs. Proposed vs. FY 2022 Proposed Budget Budget Adopted Adopted Operation Total All Total All Operation #1 82 N/A N/A N/A N/A Operations Operations All Operations All Operations OPERATING APPROPRIATIONS Administration - Personnel Salary & Wages Fringe Benefits Total Administration - Personnel Administration - Other (List) Professional Services Waterfront Maintenance Miscellaneous 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) Marina Operations Miniature Golf Course Operations Miscellaneous Other Ferry & Transportation Services Operations $ 5,000 $ 5,000 $ 0.0% 2,500 2,500 0.0% 7,500 7,500 0.0% $ 5,000 2,500 7,500 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 * 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. $ $ $ $ 15,500.00 5% of Total Operating Appropriations $ 15,500.00 $ - $ 15,000 25,000 5,000 45,000 52,500 15,000 15,000 25,000 25,000 5,000 5,000 0.0% 0.0% 0.0% #D€V/0I #D1V/01 45,000 45,000 - 0.0% 52,500 52,500 - 0.0% #DIV/01 #DIV/01 #➢€V/O€ 35,000 5,000 7,500 210,000 257,500 257,500 35,000 35,000 - 0.0% 5,000 5,000 - 0.0% 7,500 7,500 - 0.0% 210,000 210,000 #DIV/01 - - #D€V/OI 257,500 47,500 210,000 442.1% 257,500 47,500 210,000 442.1% 310,000 #DIV/ol 310,000 1.00,000 210,000 210.0% 3,120,000 3,120,000 3,120,000 3,430,000 3,430,000 2,250,000 2,250,000 $ 1,180,000 $ 3,120,000 3,430,000 3,430,000 2,250,000 - 2,250,000 - $ 1,180,000 $ 700,000 #DIV/01 #➢iV/Ol 1,250,000 1,870, 000 149.6% #DIV/01 #DIV/Ol 1,250,000 1,870,000 149.6% 1,350,000 2,080,000 154.1% i1D€V/01 1,350,000 2,080,000 154.1% i;DIV/01 650,000 1,600,000 246.2% 650,000 1,600,000 246.2% $ 480,000 68.6% F-4 100,000 - - 1,250,000 1,250,000 1,350,000 Prior Year Adopted Appropriations Schedule CARTERET PORT AUTHORITY FY 2021 Adopted Budget Operation Operation #1 #2 N/A OPERATING APPROPRIATIONS Administration - Personnel Salary & Wages Fringe Benefits Total Administration - Personnel Administration - Other (List) Professional Services Waterfront Maintenance Miscellaneous 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) Marina Operations Miniature Golf Course Operations Miscellaneous Other Type In Description Miscellaneous COPS* Total COPS - Other 47,500 Total Cost of Providing Services 574 574 000 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 650,000 TOTAL NET APPROPRIATIONS $ 700,000 $ * 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 iternized above. $ $ $ $ $ 5,000.00 5% of Total Operating Appropriations $ 5,000.00 $ 15,000 25,000 5,000 45,000 52,500 35,000 5,000 7,500 $ N/A - $ N/A Total All N/A Operations 5,000 2,500 15,000 25,000 5,000 45,000 52,500 35,000 5,000 7,500 $ - $ 47,500 47,500 - 100,000 1,250,000 _ 1,250,000 1,350,000 1,350,000 650,000 - 650,000 - $ 700,000 F-5 Debt Service Schedule - Principal C ARTERET PORT AUTHORITY If Au tho rity has no debt X this box )peration #1 Type in issue Name Type in Issue Name Type in Issue Name Type in issue Name Total Principal Dperation #2 Type in Issue Name Type in Issue 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 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 Name Type in Issue 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 X Fiscal Year Ending in Pr op osed Adopted Budget Budget Year Y ear 2021 2022 Total Principal 2023 2024 2025 2026 2027 Thereafter Outstanding TOTAL PRINCIPAL A LL OPERA TIONS $ - $ $ $ Indicate the Authority's most recent bond rating and the year of the rating by ratings serv ice. Moody's Fitch Stan da rd & Poors Bond Rating Year of Last Rating $ Debt Service Schedule - Interest CARTERET PORT AUTHORITY If Autho rity has no d ebt X this b ox Operation #1 Type in Issue Name Type in Issue Name Type in Issue Name Type in issue Name Total Interest Payments Operation #2 Type in Issue Name Type in Issue Name Type in Issue Name Type in Issue Name Total In terest Payments N/A Type in Issue Name Type in issue Name 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 Total Interest Payments N/A 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 Name Total Interest Payments TOTAL INTEREST ALL OPERA TIONS I X Fiscal Year Ending in Proposed Adopted Budget Budget Year Year 2021 2022 $ Total Interest Payments 2023 2024 2025 2026 2027 Thereafter Outstanding $ $ - $ - $ $ - - $ - $ F-7 Net Position Reconciliation CARTERET PORT AUTHORITY F or the Period January 1, 2022 to December 31, 2022 )TAL 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 Non -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 (Lo ss) on Current Year Operations (2) Plus: Other Adjustments (attach schedule) JNRESTRICTED NET PO SITION A VAILABLE FO R USE IN PROPO SED BUDGET Unrestricted Net Position Utilized to Balance Pro po sed Budget Unrestricted Net Position Utilized in Propo sed Capital Budget Appropriation to Municipality/County (3) Total Unrestricted Net Po sition Utilized in Pro posed Budget PROJECTED UNRESTRICTED UNDESIGNATE❑ NET POSITION AT END OF YEAR Last issu ed Audit Report (4) FY 2022 Proposed Budget Operation #1 Operatio n #2 N/A $ N/A N/A N/A Total All Operations 2,250,000 - 2,250,000 2,250,000 $ (2,250,000) $ - 2,250,000 - $ - $ - $ $ - $ (2,250,000) (1) Total of all operations for this line item must agree to audited financial statements. (2) Include budgeted and unbudgeted use of unrestricted net position in the current year's o perations. (3) Amount may not exceed .5% of total operating a ppropriations. See calculation belo w. $ $ $ - $ 5,000 Maximum Allowable Appropriation to Municipality/County $ 5,000 $ - $ (4) If Authority is projecting a deficit for any 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 already detailed in the budget narrative section. F -S 2022 CERTIFICATION OF AUTHORITY CAPITAL BUDGET/PROGRAM CARTERET PORT AUTHORITY FISCAL YEAR: FROM: January 1, 2022 TO: December 31, 2022 [ 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 26TH day of October, 2021. OR [ ] enter X to the left if this paragraph is applicable It is hereby certified that the governing body of the 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: Name: Title: Address: Phone Number: E-mail address RicJde<Llanos Treasurer 100 Cooke Avenue, Carteret, NJ 07008 732-541-3820 ext. 3106 llanosr(a carteret.net Fax Number: 732-541-2884 Page CB -1 2022 CAPITAL BUDGET/PROGRAM MESSAGE CARTERET PORT Authority FISCAL YEAR: FROM: January I, 2022 TO: December 3 I, 2022 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 hoards, Construction Code Officials) as to these Projects? Yes, Borough of Carteret. 2. Has each capital project/project 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 Plans or other plans in the jurisdiction(s) served by the authority? Yes, Waterfront Development Capital Plan. 3. Has a long-term (5 years or more) infrastructure needs and other capital items (Vehicles, Equipment) needs assessment been prepared? Yes. 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) N/A. 5. Please indicate which capital projects/project financings are being undertaken in the Metropolitan or Suburban Planning Areas as defined in the State Development and Redevelopment Plan. N/A. 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 Implementation Agenda for that Center/Endorsed Plan. N/A. Add additional sheets if necessary. Page CB -2 Proposed Capital Budget CARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31, 2022 Funding Sources Renewal & Estimated Total Unrestricted Net Replacement Debt Other Cost Position Utilized Reserve Authorization Capital Grants Sources Operation #1 Waterfront Improvement Program Type in Description Type in Description Type in Description $ 4,000,000 Total Operation #2 4,000,000 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 $ 4,000,000 $ - $ 3,120,000 $ - $ 880,000 $ - 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. $ 3,120,000 $ 880,000 3,120,000 880,000 CB -3 5 Year Capital Improvement Plan CARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31., 2022 Fiscal Year Beginning in Estimated Total Current Budget Cost Year 2022 Operation #1 Waterfront Improvement Progr $ 4,000,000 Type in Description Type in Description Type in Description Total 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 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 Tota I TOTAL. 2023 2024 2025 2026 2027 $ 4,000,000 4,000,000 4,000,000 $ 4,000,000 $ 4,000,000 $ 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. 03 -4 S Year Capital Improvement Plan Funding Sources CARTERET PORT AUTHORITY For the Period January 1, 2022 to December 31, 2022 Funding Sources Estimated Total Unrestricted Net Cost Position Utilized Operation #1 Waterfront Improvement Progr $ Type in Description Type in Description Type in Description Total 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 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 Total 5 Year Plan per CB -4 Balance check Project descriptions entered on 4,000,000 4,000,000 Renewal & Replacement Debt Reserve Authorization Capital Grants Other Sources $ 3,120,000 $ 880,000 3,120, 000 880,000 4,000,000 $ 4,000,000 - $ 3,120,000 $ - $ 880,000 $ - If amount is other than zero, verify that projects listed above match projects listed on CB -4. Page CB -3 will carry forward to Pages CB -4 and CB -5. No need to re-enter project descriptions above.