Revised Annual Financial Statement 2006

8/14/2019 Revised Annual Financial Statement 2006

1/52


2/52


3/52


4/52


5/52


6/52

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

SFY06

Title of Account Debit Credit

ASSETS

Cash and Cash Equivalents 10,147,701.98

Due from MCIA 138,591.80

Due from State of NJ 2,210,000.00

Due from State of NJ - Senior & Vet Deduction 494,755.77

Municipal Taxes Not Billed - Receivable 4,908.05

Delinquent Real Estate Taxes Receivable 140,894.50

Tax Title Liens Receivable 287,886.50

Property Acquired for Taxes 965,600.00

Sewer Service Charges Receivable 45,704.29

Interfund Receivable - Capital Fund 166,874.03

Interfund Payable - Other Trust 75.75

Interfund Receivable - Tax Collector's Trust 0.01

Deferred Charge-Special Emergency 5 Years 161,000.00

LIABILITIES

Appropriation Reserves 119,765.65

Reserve for Encumbrances 665,487.14

Accounts Payable (Reserve for ELSA payment) 375,000.00

Due to State of NJ - Marriage License 1,775.00

Prepaid Liquor Licenses - Clerk Trust 2,500.00

Prepaid Taxes 124,195.14

Prepaid Sewer 238,230.68

Interfund Payable - State & Federal Grant Fund 3,958.51Interfund - Animal Control Trust 75.00

Special Emergency Notes Payable 161,000.00

Tax Anticipation Notes Payable 8,058,000.00

Tax Overpayments 3,564.52

Sewer Overpayments 250.72

Reserve for FEMA Expenditures (Due PRFC) 5,958.35

Reserve for Special Emergency (5 years) 161,000.00

Subtotal Cash Liabilities 9,920,760.71

Reserve for Receivables 1,611,943.13

FUND BALANCE

Fund Balance 3,231,288.84

Total 14,763,992.68 14,763,992.68

(Do Not Crowd - add additional sheets)

POST CLOSING

TRIAL BALANCE - CURRENT FUNDAS OF JUNE 30, 2006

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

Sheet 3


7/52

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

SFY06


Cash & Investments 85001 10,879,807.88

Taxes Receivable 85002 140,894.50

Tax Title Liens 85003 287,886.50

Forclosed Property 85004 965,600.00

Other Receivables 85007 3,064,868.21

State and Federal Grants Receivable 85006 1,109,929.75

Emergencies and Deferred Charges 85005 161,000.00

Total Assets 85008 16,609,986.84

Cash Liabilities 85009 11,766,754.87

Reserve for Receivables 85010 1,611,943.13

Unappropriated Reserve for State and Federal Grants -

Fund Balance 85011 3,231,288.84

Total Liabilities, Reserves and Fund Balance 85012 16,609,986.84

TOTALS 16,609,986.84 16,609,986.84


POST CLOSING

TRIAL BALANCE - CURRENT FUND AND

STATE AND FEDERAL GRANTSAS OF JUNE 30, 2006

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

Sheet 3a


8/52

SFY06


Cash in Bank 1,534.45

Reserve for Public Assistance 1,534.45

1,534.45 1,534.45


*To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program.

AS OF JUNE 30, 2006

POST CLOSING

TRIAL BALANCE - PUBLIC ASSISTANCE FUNDAccounts #1 & #2*

Sheet 4


9/52

SFY06


Cash 732,105.90

Grants Receivable 1,109,929.75

Interfunds Receivable - Current Fund 3,958.51

Reserve for Interest Liability 18,734.52

Reserve for Grant Encumbrances 118,791.34

Reserve for State and Federal Grants 1,708,468.30

1,845,994.16 1,845,994.16


POST CLOSING

TRIAL BALANCE - FEDERAL AND STATE FUNDSAS OF JUNE 30, 2006

Sheet 5


10/52

SFY06


Dedicated Construction Trust (Fund 71)



Reserve for Uniform Construction Code 499,829.96

Reserve for Zoning 23,681.61

Reserve for Planning 346.15

563,557.17 563,557.17

Self Insurance Trust (Fund 72)

Cash 169,161.38

Escrow with PMA Insurance 102,000.00

Cash - Inservco Account 22,466.26


Due to Current Fund 0.00

Reserve for:

Worker's Compensation 8,524.16Self Insurance 261,535.70

293,627.64 293,627.64

Animal Control Trust (Fund 74)


Due From Current Fund 75.00

Reserve for Encumbrances 870.80

Due to State of NJ 2,927.10

Reserve for Dog License Expenditures 6,726.58

10,524.48 10,524.48

Collector's Trust (Fund 75)

Cash 270,412.97


Reserve for Tax Collector's Trust Deposits 270,412.96

270,412.97 270,412.97

Payroll (Fund 76)

Cash 261,782.02

Eastern Dental 4,506.90

Police & Fire Retirement System (PFRS) Payable 178,648.04

PERS - Supplemental Annuity Payable 494.08

PERS - Contiributory Insurance Payable 4,069.37

Public Employees Retirement System (PERS) Payable 81,743.91

Delaware United Way Payable 45.00

Net Payroll 1,288.52 266,288.92 266,288.92


POST CLOSING

TRIAL BALANCE - TRUST FUNDS

AS OF JUNE 30, 2006

(Assessment Section Must Be Separately Stated)

(INCLUDE PAYROLL FUND)

Sheet 6 (1 of 3)


11/52

SFY06


Other Trust (Fund 73)

Cash 576,292.62

Due from Police Off Duty Employment 1,000.00

Due to Other Trust Escrow Accts from Operating Trust Acct 9,366.78



Reserve for:

Ewing Community Center 26,644.74

Homeland Security Donations 39.40

Animal Shelter Donations 3,504.32

Community Fest 28,584.00

Asset Forfeiture 9,478.78

Route 31 Project 14,450.84

Environmental Commission 200.00

Parking Adjudication 2,963.11

Municipal Alliance 680.16Patriotic Committee 846.48

Affordable Housing Development Fees 456,775.58

Scoreboard Donation 40.00

Talent Show Fund 4,399.11

577,292.62 577,292.62

Recreation Trust (Fund 78)

Cash 25,015.60


Reserve for Recreation Commission 8,396.87

25,015.60 25,015.60

Escrow Review Fees (Fund 81)

Cash 103,949.60

Reserve for Developers Review Fees 103,949.60

103,949.60 103,949.60


POST CLOSING

AS OF JUNE 30, 2006



TRIAL BALANCE - TRUST FUNDS (Continued 2 of 3)

Sheet 6 (2 of 3)


12/52

SFY06


Performance Inspection Escrow (Fund 82)

Cash 1,413,176.31

Due To Current Fund 0.00

Due to Capital Fund 5,000.00

Reserve for Performance/ Inspection 1,408,176.31

1,413,176.31 1,413,176.31

Police Off Duty Employment Trust (Fund 85)

Cash 14,663.28


Due to Other Trust 1,000.00

Reserve for Police Off Duty Employment 12,970.00

14,663.28 14,663.28


POST CLOSING

AS OF JUNE 30, 2006



TRIAL BALANCE - TRUST FUNDS (Continued 3 of 3)

Sheet 6 (3 of 3)


13/52

SFY 2006

Amount Receipts Disbursements Balance at

Purpose Fund June 30, 2005 June 30, 2006

per Audit Report

Planning Trust 71 16,107.69 37,261.00 29,687.08 23,681.61

Zoning Trust 71 - 133,230.00 132,883.85 346.15

Uniform Construction Code 71 680,624.04 640,954.71 821,748.79 499,829.96

Self Insurance Trust - Worker's Comp 72 1,982.20 1,094,505.98 1,087,961.85 8,526.33

Self Insurance Trust - Self Insurance 72 132,621.22 238,954.91 110,040.43 261,535.70

Affordable Housing Development Fees 73 427,927.80 28,847.78 - 456,775.58

Animal Shelter Donations 73 1,792.62 1,711.82 0.12 3,504.32

Asset Forefeiture Trust 73 8,712.40 10,176.19 9,409.81 9,478.78

Route 31 Project 73 - 14,450.84 - 14,450.84

Community Fest 73 6,325.00 64,184.00 42,900.00 27,609.00Ewing Community Center Trust 73 10,838.14 169,580.19 153,773.59 26,644.74

Municipal Alliance 73 2,206.08 750.00 2,275.92 680.16

Homeland Security K-9 Donations 73 500.39 5,960.99 6,421.98 39.40

Environmental Commission 73 - 200.00 - 200.00

National Night Out Program 73 370.29 1,981.66 2,351.95 -

Parking Adjudication 73 2,655.11 1,298.00 990.00 2,963.11

Patriotic Committee 73 - 846.48 - 846.48

Scoreboard Donation 73 40.00 40.00

Talent Show Program 73 1,237.89 7,324.90 4,188.68 4,374.11

Animal Control Trust 74 8,120.38 14,776.15 16,169.95 6,726.58

Tax Collector's Trust 75 1,040,638.42 1,941,163.77 2,711,389.23 270,412.96

Recreation 78 7,960.80 96,589.02 96,152.95 8,396.87

Developer's Escrow Review 81 92,025.31 187,115.15 175,190.86 103,949.60

Developer's Escrow Performance and Inspection 82 1,632,578.24 463,178.40 682,580.33 1,413,176.31

Public Assistance Trust 83 1,534.45 - - 1,534.45

Police Off Duty Employment 85 5,811.00 363,750.34 356,591.34 12,970.00

Total to Sheet 17 4,082,609.47 5,518,792.28 6,442,708.71 3,158,693.04

(Do not crowd - add additional sheets)

Schedule of Trust Fund Reserves

Sheet 6b


14/52

Title of Liability to which Audit

Cash and Investments Balance Assessments Current A

are Pledged 06/30/05 and Liens BudgetAssessment Serial Bond Issues: xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx x

Assessment Bond Anticipation Note Issues: xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx x

-

Other Liabilities

Reserve for Assessments and Liens

Trust Surplus

*Less Assets "Unfinanced" xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx x

Due to Current Fund

-

- - -

*Show as red figure

Shee

t7

ANALYSIS OF TRUST ASSESSMENT CASH AND IN

PLEDGED TO LIABILITIES AND SURPLU

RECEIPTS


15/52

SFY06


Cash in Bank 1,957,933.20

Due from Grant Fund 0.00

Due From Performance and Inspection Escrow Trust 5,000.00

Grant Receiveable From Infrastructure Trust 337,232.00

Deferred Charges to Future Taxes:

Funded 27,031,424.62

Unfunded 0.00

Unfunded Overexpended Approp 0.00

Due to Current Fund 166,874.03

Bond Anticipation Notes 0.00

Green Acres Loan Payable 753,256.24

NJ Infrastructure Loan Payable 3,219,168.38

Serial Bonds 23,059,000.00


Reserve for Debt Service 23,255.54

Capital Improvement Fund 25,000.00Improvement Authorizations - Funded 1,815,603.72

Improvement Authorizations - Unfunded 0.00

Fund Balance 109,039.03

29,331,589.82 29,331,589.82

POST CLOSING

TRIAL BALANCE - GENERAL CAPITAL FUND

AS OF JUNE 30, 2006


Sheet 8


16/52


17/52

SFY06

Current

Commerce A/C # 5426106 10,010,403.71

Clerk

Commerce A/C # 5424130 9,439.29

10,019,843.00State and Federal Grants

Wachovia A/C # 2014090897709 237.12

Wachovia (Escrow Acct) A/C # 2000002197414 735,938.53

736,175.65

General Capital

Commerce A/C # 7861728736 1,961,713.20

Dedicated Construction Trust

Commerce A/C # 7861728744 563,557.17

Self Insurance TrustYardville National Bank A/C # 4945648 169,161.38

Worker's Compensation - Inservco Trustee

Wachovia A/C # 2100012149763 22,466.26

191,627.64

Other Trust

Affordable Housing Trust Yardville National Bank A/C # 4945622 456,756.78

Other Trust Operating Subaccount Commerce Escrow A/C # 7760080052 69,051.73

National Night Out Subaccount Commerce Escrow A/C # 7760080056 -

Scoreboard Donation Subaccount Commerce Escrow A/C # 7760080057 40.00

Talent Show Subaccount Commerce Escrow A/C # 7760080058 4,330.11

Homeland Security (K9 Donations) Commerce Escrow A/C # 7760080059 -Animal Shelter Donations Subaccount Commerce Escrow A/C # 7760080060 3,504.32

Community Fest Subaccount Commerce Escrow A/C # 7760080061 27,284.00

Patriotic Committee Subaccount Commerce Escrow A/C # 7760080062 846.48

Environmental Commission Subaccount Commerce Escrow A/C # 7760080063 200.00

Municipal Alliance Subaccount Commerce Escrow A/C # 7760080064 1,878.58

Asset Forefeiture Subaccount Commerce Escrow A/C # 7760080055 3,056.97

Other Trust Interest Subaccount Commerce Escrow A/C # 7760080053 848.07

567,797.04

Animal Control

Commerce A/C # 5424122 10,143.58

Tax Collector's Trust

Wachovia A/C # 2002004856625 128,185.55

Commerce (Premiums Escrow Acct) A/C # 7857152958 116,900.17

Commerce (Redemptions Escrow Acct) A/C # 7857152966 18,665.41

263,751.13

Payroll

Commerce A/C # 7857153121 274,956.81

Recreation Commission

Yardville National Bank A/C # 4945630 26,613.53

26,613.53Escrow Review Fees

Bank of America A/C # 0999082930 148,995.41

Performance and Inspection Trust

Bank of America A/C # 0999082922 1,439,327.51

Public Assistance Trust - I

Commerce A/C # 7857152974 1,534.45

Police Off Duty Employment

Commerce A/C # 7760104375 14,663.28

CASH RECONCILIATION JUNE 30, 2006 (cont'd.)

LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

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

Sheet 9 a


18/52


19/52


20/52

Grant Balance

June 30, 2005 Budget Appropriation

By 40A:4-87

Clean Communities Grant 8,261.44 (8,261.44) (33,733.38)

NJ Transit Train Station Grant 160,000.00 (160,000.00) 0.00

Public Health Priority Funding 448.00 (9,999.00) (10,091.00)

Sprint OEM Grant 44,064.00 (44,064.00)

TCNJ Fire Truck Contribution Grant 50,000.00 (50,000.00)

Tobacco Age of Sale Enforcement 2,220.00 (3,420.00)

Justice Assistance Grant (69,725.00)OEM CERT Trailer Grant (1,200.00)

Cops in Shops (5,464.62)

TOTALS 264,993.44 (275,744.44) (120,214.00)

Sheet12

Transferred to 2006

Budget Appropriations

SCHEDULE OF UNAPPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS


21/52

SFY06

*LOCAL DISTRICT SCHOOL TAX

Debit Credit

Balance JULY 1, 2005 xxxxxxxxxx xxxxxxxxxx

School Tax Payable# 85001-00 3,500,000.00

School Tax Deferred

(Not in excess of 50% of Levy - 2004-2005) 85002-00

Levy School Year JULY 1, 2005 - JUNE 30, 2006 xxxxxxxxxx 43,212,150.00

Levy Calendar Year xxxxxxxxxx

Paid 46,712,150.00 xxxxxxxxxx

Balance JUNE 30, 2006 xxxxxxxxxx xxxxxxxxxx

School Tax Payable # 85003-00 - xxxxxxxxxx

School Tax Deferred

(Not in excess of 50% of Levy - 2005-2006) 85004-00

46,712,150.00 46,712,150.00

MUNICIPAL OPEN SPACE TAX N/A

Debit Credit

Balance JULY 1, 2005 85045-00 xxxxxxxxxx -

2006 Levy 81105-00 xxxxxxxxxx -

Interest Earned xxxxxxxxxx -

Expenditures - xxxxxxxxxx

Balance JUNE 30, 2006 85046-00 - xxxxxxxxxx

- -

# Must include unpaid requisitions

* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of

Education for use of local schools.

xxxxxxxxxx -

- xxxxxxxxxx

Sheet 13


22/52

SFY06

* REGIONAL SCHOOL TAX N/A

(Provide a separate statement for each Regional District involved)

Debit Credit


School Tax Payable # 85031-00 xxxxxxxxxx -

School Tax Deferred

(Not in excess of 50% of Levy - 2004-2005) 85032-00 xxxxxxxxxx -

Levy School Year JULY 1, 2005- JUNE 30, 2006 xxxxxxxxxx -

Levy Calendar Year xxxxxxxxxx -

Paid - xxxxxxxxxxBalance JUNE 30, 2006 xxxxxxxxxx xxxxxxxxxx


School Tax Deferred - xxxxxxxxxx

(Not in excess of 50% of Levy - 2005-2006) 85034-00 - -

#Must include unpaid requisitions - -

REGIONAL HIGH SCHOOL TAX N/A

Debit Credit

Balance July 1, 2004 xxxxxxxxxx xxxxxxxxxx

School Tax Payable # 85021-00 xxxxxxxxxx -

School Tax Deferred

(Not in excess of 50% of Levy - 2004-2005) 85022-00 xxxxxxxxxx -

Levy School Year JULY 1, 2005- JUNE 30, 2006 xxxxxxxxxx -

Levy Calendar Year xxxxxxxxxx -

Paid - xxxxxxxxxx



School Tax Deferred

(Not in excess of 50% of Levy - 2005-2006) 85024-00 - xxxxxxxxxx

# Must include unpaid requisitions - -

Sheet 14


23/52

SFY06

COUNTY TAXES PAYABLE

Debit Credit


County Taxes 80003-01 xxxxxxxxxx -

Due County for Added and Omitted Taxes 80003-02 xxxxxxxxxx -

Levy xxxxxxxxxx xxxxxxxxxx

Underbilling of Nonmunicipal Taxes raised -

General County 80003-03 xxxxxxxxxx 14,431,636.52County Library 80003-04 xxxxxxxxxx 1,209,456.21

County Health xxxxxxxxxx -

County Open Space Preservation 80002-00 xxxxxxxxxx 941,969.30

Due County for Added and Omitted Taxes 80003-05 xxxxxxxxxx 90,645.23

Paid 16,673,707.26 xxxxxxxxxx


County Taxes Payable (Prepaid) - xxxxxxxxxx

Due County for Added and Omitted Taxes - xxxxxxxxxx

16,673,707.26 16,673,707.26

SPECIAL DISTRICT TAXES N/A

Debit Credit


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

Fire - 81108-00 - xxxxxxxxxx xxxxxxxxxx

Sewer - 81111-00 - xxxxxxxxxx xxxxxxxxxx

Water - 81112-00 - xxxxxxxxxx xxxxxxxxxx

Garbage - 81109-00 - xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

Total Levy 80003-07 xxxxxxxxxx -

Paid 80003-08 - xxxxxxxxxx

Balance JUNE 30, 2006 80003-09 - xxxxxxxxxx

- -

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

Sheet 15


24/52

SFY06

STATE LIBRARY AID N/A

RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit Credit


State Library Aid Received 80004-02 xxxxxxxxxx -

- -

Expended 80004-09 - xxxxxxxxxx

- -

Balance JUNE 30, 2006 80004-10 - -

- -

RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID

Debit Credit



- -


- -

Balance JUNE 30, 2006 80004-12 - -

- -

RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID(N.J.S.A. 40:54-35)

Debit Credit

Balance July 1, 2004 80004-05 xxxxxxxxxx -State Library Aid Received 80004-06 xxxxxxxxxx -

- -


- -

Balance JUNE 30, 2006 80004-14 - -

- -

RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID

Debit Credit

Balance July 1, 2004 80004-07 xxxxxxxxxx -


- -


- -Balance JUNE 30, 2006 80004-16 - -

- -

Sheet 16


25/52

SFY 2006

Source Budget Realized Excess or Deficit*

-01 -02 -03

Surplus Anticipated 80101- - - -

Surplus Anticipated with Prior Written Consent of

Director of Local Government 80102- 513,625.00 513,625.00 -

Miscellaneous Revenue Anticipated: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx

Adopted Budget 29,810,044.08 30,129,953.81 319,909.73

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

Chapter 159 120,214.00 120,214.00 -

Total Miscellaneous Revenue Anticipated 80103- 29,930,258.08 30,250,167.81 319,909.73

Receipts from Delinquent Taxes 70,000.00 195,270.80 125,270.80

Amount to be Raised by Taxation: xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx

(a) Local Tax for Municipal Purposes 80105- 12,534,755.66 xxxxxxxxxxxxx xxxxxxxxxxxxx

(b) Addition to Local District School Tax 80106- - xxxxxxxxxxxxx xxxxxxxxxxxxx

Total Amount to be Raised by Taxation 80107- 12,534,755.66 12,924,708.19 389,952.53

43,048,638.74 43,883,771.80 835,133.06

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit Credit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 xxxxxxxxxxxxx 73,076,787.77

Amount to be Raised by Taxation xxxxxxxxxxxxx xxxxxxxxxxxxx

Local District School Tax 80109-00 43,212,150.00 xxxxxxxxxxxxx

Vocational School District - xxxxxxxxxxxxx

Regional School Tax 80119-00 - xxxxxxxxxxxxx

Regional High School Tax 80110-00 - xxxxxxxxxxxxx

County Taxes 80111-00 16,583,062.03 xxxxxxxxxxxxx

Due County for Added and Omitted Taxes 80112-00 90,645.23 xxxxxxxxxxxxx

Special District Taxes 80113-00 - xxxxxxxxxxxxx

Reserve for Uncollected Taxes 80114-00 xxxxxxxxxxxxx 283,243.24

Adjustments 549,465.56

80115-00 -

Balance for Support of Municipal Budget (or) 80117-00 12,924,708.19 xxxxxxxxxxxxx

*Deficit Non-Budget Revenue (see footnote) 80118-00 xxxxxxxxxxxxx

73,360,031.01 73,360,031.01

*These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget"

column of the statement at the top of this sheet. In such instances, any excess or deficit in the above

allocation would apply to "Non-Budget Revenue" only.

STATEMENT OF GENERAL BUDGET REVENUES SFY 2006

Sheet 17


26/52

SFY 2006

Source Budget Realized Excess orDeficit

Clean Communities Grant 33,733.38 33,733.38 -

Cops in Shops 5,464.62 5,464.62 -

Justice Assistance Grant 69,725.00 69,725.00 -

OEM CERT Grant 1,200.00 1,200.00 -

Public Health Priority Funding 10,091.00 10,091.00 -

Total to Sheet 17 120,214.00 120,214.00 -

STATEMENT OF GENERAL BUDGET REVENUES 2006

(Continued)

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


Sheet 17 a


27/52

SFY 2006

SFY 2006 Budget as Adopted 80012-01 42,928,424.74

SFY 2006 Budget-Added by N.J.S. 40A:4-87 80012-02 120,214.00

Appropriated for SFY 2006 (Budget Statement Item 9) 80012-03 43,048,638.74Appropriated for SFY 2006 by Emergency Appropriation (Budget Statement Item 9) 80012-04 -

Total General Appropriations (Budget Statement Item 9) 80012-05 43,048,638.74

Add: Overexpenditures (see footnote) 80012-06 -

Total Appropriations and Overexpenditures 80012-07 43,048,638.74

Deduct Expenditures:

Paid or Charged [Budget Statement Item (L)] 80012-08 42,645,629.85

Paid or Charged - Reserve for Uncollected Taxes 80012-09 283,243.24

Reserved 80012-10 119,765.65

Total Expenditures 80012-11 43,048,638.74

Unexpended Balances Canceled (see footnote) 80012-12 -

FOOTNOTES - RE: OVEREXPENDITURES:

N/A

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

SFY 2006 Authorizations

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

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

Total Authorizations

Deduct Expenditures:

Paid or Charged

Reserved

Total Expenditures

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCALDISTRICT SCHOOL PURPOSES

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2005

Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.

RE: UNEXPENDED BALANCES CANCELED:

Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total

Expenditures" and "Unexpected Balances Canceled"

Sheet 18


28/52


29/52

SFY 2006

AMOUNT

REALIZED

Clerk 10,819.00

Tax Collector 16,820.05

Stale Checks Cancelled by Resolution 15,328.05

Recycling 8,069.19

Room Rentals 1,640.00

Other 16,183.76

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 68,860.05

SCHEDULE OF MISCELLANEOUS REVENUES

NOT ANTICIPATED


Sheet 20


30/52

SURPLUS - CURRENT FUND SFY06

SFY 2006

Debit Credit

1. Balance JULY 1, 2005 80014-01 xxxxxxxxxx 2,337,160.75

2. xxxxxxxxxx -

3. Excess Resulting from SFY 2006 Operations 80014-02 xxxxxxxxxx 1,407,753.09

4. Amount Appropriated in SFY 2006 Budget-Cash 80014-03 - xxxxxxxxxx

5. Amount Appropriated in SFY 2006 Budget - with Prior 80014-04

Written Consent of Director of Local Government Services

6. Prior Year Adjustments xxxxxxxxxx

7. Balance JUNE 30, 2006 80014-05 3,231,288.84 xxxxxxxxxx

3,744,913.84 3,744,913.84

ANALYSIS OF BALANCE JUNE 30, 2006

(FROM CURRENT FUND - TRIAL BALANCE)

Cash 80014-06 10,147,701.98

80014-07 -

Sub-total 10,147,701.98

Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 9,920,760.71

Cash Surplus 80014-09 226,941.27

Deficit in Cash Surplus 80014-10 -

Other Assets Pledged to Surplus: *

80014-16 494,755.77

Deferred Charges 80014-12 161,000.00

Due from State of NJ 2,210,000.00

Due from Mercer County Improvement Authority 138,591.80

Due from The College of New Jersey -

Cash Deficit # 80014-13 -

Total Other Assets 80014-14 3,004,347.57

80014-15 3,231,288.84

(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.

NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage,

etc.), N.J.S. 40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of

emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from

this analysis.

(1) Due from State of NJ Senior Citizens &Veterans Deduction

xxxxxxxxxx513,625.00

*IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS

WOULD ALSO BE PLEDGED TO CASH LIABILITIES.

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN SFY 2006

BUDGET.

Sheet 21


31/52

(FOR MUNICIPALITIES ONLY) SFY06

CURRENT TAXES - 2006 LEVY

1. Amount of Levy as per Duplicate (Analysis) # 82101-00 71,971,061.27or(Abstract of Ratables) 82113-00

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

3. Amount Levied for Omitted Taxes underN.J.S.A. 54:4-63.12 et seq. 82103-00 17,437.79

4. Amount Levied for Added Taxes underN.J.S.A. 54:4-63.1 et. seq. 82104-00 375,130.32

5a. Sub-total 2006 Levy 82106-00 72,363,629.385b. Reductions due to tax appeals ** -5c. Total 2006 Tax Levy 72,363,629.38

6. Transferred to Tax Title Liens 82107-00 47,670.42

7. Transferred to Foreclosed Property 82108-00 -

8. Remitted, Abated or Canceled, Other Adjustments 82109-00 (845,010.19)

9. Discount Allowed 82110-00 -

10. Collected in Cash: In 2005 82121-00 77,793.43In 2006* 82122-00 72,504,238.57

REAP RevenueState's Share of 2006 Senior Citizensand Veterans Deductions Allowed 82123-00 494,755.77

Total To Line 14 82111-00 73,076,787.77

11. Total Credits 72,279,448.00

12. Amount Outstanding JUNE 30, 2006 83120-00 84,181.38

13. Percentage of Cash Collections to Total 2004 Levy,(Item 10 divided by Item 5) is 100.986%

82112-00

14. Calculation of Current Taxes Realized in Cash:

Total of Line 10 73,076,787.77Less: Reserve for Tax Appeals Pending

State Division of Tax Appeals -

To Current Taxes Realized in Cash (Sheet 17) 73,076,787.77

Note A: In showing the above percentage the following should be noted:

Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50

the percentage represented by the cash collections would be

'$1,049,977.50 divided by $1,500,000, or .699985. The correct

be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%

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

* Include overpayments applied as part of 2002 collections and Bell Atlantic Replacement Revenue

** Tax appeal pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body PRIOR to

introduction of muncipal budget.

Sheet 22


32/52

SFY 2006

(1) Utilizing Accelerated Tax Sale

Total of Line 10 Collected in Cash (sheet 22) $ 73,076,787.77

Less: Proceeds from Accelerated Tax Sale $ 380,817.23

NET Cash Collected $ 72,695,970.54

Line 5c (sheet 22) Total 2005 Tax Levy $ 72,363,629.38

Precentage of Collection Excluding Accelerated Tax Sale Proceeds

(Net Cash Collected divided by Item 5c) is 100.46%

(2) Utilizing Tax Levy Sale

Total of Line 10 Collected in Cash (sheet 22) $

Less: Proceeds from Tax Levy Sale (excluding premium) $

NET Cash Collected $

Line 5c (sheet 22) Total 2005 Tax Levy $

Precentage of Collection Excluding Accelerated Tax Sale Proceeds

(Net Cash Collected divided by Item 5c) is %

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99

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

N/A

To Calculate Underlying Tax Collection Rate for 2005

Sheet 22 a


33/52

SFY06

Debit Credit

1.Balance July 1, 2004 xxxxxxxxxx xxxxxxxxxx

Due From State of New Jersey 513,625.00 xxxxxxxxxx

Due To State of New Jersey xxxxxxxxxx -

2. Sr. Citizens Deductions Per Tax Billings 110,250.00 xxxxxxxxxx

3. Veterans Deductions Per Tax Billings 389,000.00 xxxxxxxxxx

4. Sr. Citizens Deductions Allowed By Tax Collector 2,000.00 xxxxxxxxxx

5. Veterans Deductions Allowed By Tax Collector 1,500.00 xxxxxxxxxx

6. - xxxxxxxxxx

7. Sr. Citizens Deductions Disallowed By Tax Collector xxxxxxxxxx 7,994.23

8. Sr. Citizens Ded. Disallowed.By Tax Collector SFY 2006 xxxxxxxxxx -

9. Received in Cash from State xxxxxxxxxx 513,625.00

10. -

11. - -

12. Balance JUNE 30, 2006 xxxxxxxxxx xxxxxxxxxx

Due From State of New Jersey xxxxxxxxxx 494,755.77

Due To State of New Jersey - xxxxxxxxxx

1,016,375.00 1,016,375.00

Line 2 110,250.00

Line 3 389,000.00

Line 4, 5, & 6 3,500.00

Sub-Total 502,750.00

Less: Line 7 7,994.23To Item 10, Sheet 22 494,755.77

Calculation of Amount to be included on Sheet 22, Item 10-'SFY 2006 Senior Citizens and Veterans Deductions Allowed

SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY

FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

Sheet 23


34/52


35/52

SFY06

SFY 2006 SFY 2006

1. Total General Appropriations for SFY 2006 Municipal Budget Statement Item 8 (L)

(Exclusive of Reserve for Uncollected Taxes) 80015- 42,456,182.41 xxxxxxxxxxxxxxxx

2. Local District School Tax-School Budget Billing 7/1 - 12/31 80016- 23,856,072.00

Billing 1/1 - 6/30** 80017- 22,856,078.00 xxxxxxxxxxxxxxxx

3. Vocational School Tax Billing 7/1 - 12/31

Billing 1/1 - 6/30* xxxxxxxxxxxxxxxx

4. Regional School District Tax Billing 7/1 - 12/31

Billing 1/1 - 6/30* xxxxxxxxxxxxxxxx

5. Regional High School Tax-School Budget Billing 7/1 - 12/31 80018-

Billing 1/1 - 6/30* 80019- xxxxxxxxxxxxxxxx

6. County Tax Billing 7/1 - 12/31 80020- 8,605,631.26

Billing 1/1 - 6/30* 80021- 8,605,631.26 xxxxxxxxxxxxxxxx

7. Special District Taxes Billing 7/1 - 12/31 80022-

Billing 1/1 - 6/30* 80023- xxxxxxxxxxxxxxxx

8. Total General Appropriations & Other Taxes 80024-01 106,379,594.93

80024-02 29,807,669.29

10. Cash Required from SFY 2006 Taxes to Support Local Municipal Budget &

Other Taxes 80024-03 76,571,925.6411. Amount of Item 10 Divided by 99.60% [820024-04] 76,879,443.42

Equals Amount to be Raised by Taxation (Percentage used must not exceed the

applicable percentage shown by Item 13, Sheet 22) 80024-05

Analysis of Item 11: Local District School Tax

(Amount Shown on Line 2 Above) 46,712,150.00

Vocational School Tax (Amount Shown on LIne 3 Above)

Regional School District Tax (Amount Shown on Line 4 Above)

Regional High School Tax (Amount Shown on Line 5 Above)

County Tax (Amount Shown on Line 6 Above) 17,211,262.52Special District Tax (Amount Shown on Line 7 Above)

Tax in Local Municipal Budget 12,956,030.90

Total Amount (see Line 11) 76,879,443.42

12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, 307,517.77 Note: The amount

Item 8 (M) (Item 11, Less Item 10) 80024-06 of anticipated

Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations 42,456,182.41 revenues (Item 9)

Item 12 - Appropriation: Reserve for Uncollected Taxes 307,517.77 may never

Sub-Total 42,763,700.18 exceed the totalLess: Item 9 - Total Anticipated Revenues 29,807,669.29 of Items 1 & 12.

Amount to be Raised by Taxation in Municipal Budget 80024-07 12,956,030.90

* May not be stated in an amount lessthan "actual" Tax of year SFY 2006.

** Must be stated in the amount of theproposed budget submitted by the Local

Board of Education to the Commissioner of

Education on January 15, 2005 (Chap.136,

P.L. 1978). Consideration must be given tocalendar year calculation.

9. Less: Total Anticipated Revenues from SFY 2006 in Municipal

Budget (Item 5)

COMPUTATION OF APPROPRIATION:

RESERVE FOR UNCOLLECTED TAXES AND

AMOUNT TO BE RAISED BY TAXATION

IN SFY 2006 MUNICIPAL BUDGET

Sheet 25


36/52

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS SFY 2006

DEBIT CREDIT

1. Balance July 1, 2005 492,822.96 xxxxxxxxxx

A. Taxes 83102-00 162,863.25 xxxxxxxxxx xxxxxxxxxxB. Tax Title Liens 83103-00 329,959.71 xxxxxxxxxx xxxxxxxxxx

2. Canceled: xxxxxxxxxx xxxxxxxxxx

A. Taxes 83105-00 xxxxxxxxxx 320,804.94

B. Tax Title Liens 83106-00 xxxxxxxxxx -

3. Transferred to Foreclosed Tax Title Liens: xxxxxxxxxx xxxxxxxxxx

A. Taxes 83108-00 xxxxxxxxxx -

B. Tax Title Liens 83109-00 xxxxxxxxxx -

4. Added Taxes 83110-00 317,484.75 xxxxxxxxxx

5. Added Tax Title Liens 83111-00 - xxxxxxxxxx

6. Adjustment between Taxes (Other than current year) & Tax Title Liens: xxxxxxxxxx xxxxxxxxxx

A. Taxes - Transfers to Tax Title Liens 83104-00 xxxxxxxxxx -

B. Tax Title Liens - Transfers from Taxes 83107-00 - xxxxxxxxxx

7. Balance Before Cash Payments xxxxxxxxxx 489,502.77

8. Totals 810,307.71 810,307.71

9. Balance Brought Down 489,502.77 xxxxxxxxxx

10. Collected xxxxxxxxxx 192,573.57

A. Delinquent Taxes 83116-00 102,829.94 xxxxxxxxxx xxxxxxxxxx

B. Tax Title Liens 83117-00 89,743.63 xxxxxxxxxx xxxxxxxxxx

11. Interest and Costs - SFY 2006 Tax Sale 83118-00 xxxxxxxxxx

12.SFY 2006 Taxes Transferred to Liens 83119-00 47,670.42 xxxxxxxxxx

13.SFY 2006 Taxes 83123-00 84,181.38 xxxxxxxxxx

14 Balance JUNE 30, 2006 xxxxxxxxxx 428,781.00

A. Taxes 83121-00 140,894.50 xxxxxxxxxx xxxxxxxxxx

B. Tax Title Liens 83122-00 287,886.50 xxxxxxxxxx xxxxxxxxxx

15. Totals 621,354.57 621,354.57

16. Percentage of Cash Collections to Adjusted Amount Outstanding

(Item No. 10 divided by Item No. 9) is 39.34%

17. Item No. 14 multiplied by percentage shown above is $ 168,685.23 and represents the

maximum amount that my be anticipated in SFY 2006 . 83125-00

(See Note A on Sheet 22 - Current Taxes)

(1) These amount will always be the same.

Sheet 26


37/52

SFY 2006

Debit Credit

1. Balance July 1, 2005 84101-00 965,600.00 xxxxxxxxxxxxx

2. Foreclosed or Deeded in SFY 2006 xxxxxxxxxxxxx xxxxxxxxxxxxx

3. Tax Title Liens 84103-00 - xxxxxxxxxxxxx

4. Taxes Receivable 84104-00 - xxxxxxxxxxxxx

5A. Balance Detail to Control 84102-00 - xxxxxxxxxxxxx

5B. 84105-00 xxxxxxxxxxxxx -

6. Adjustment to Assessed Valuation 84106-00 - xxxxxxxxxxxxx

7. Adjustment to Assessed Valuation 84107-00 xxxxxxxxxxxxx -

8. Sales xxxxxxxxxxxxx xxxxxxxxxxxxx

9. Cash * 84109-00 xxxxxxxxxxxxx -10. Contract 84110-00 xxxxxxxxxxxxx -

11. Mortgage 84111-00 xxxxxxxxxxxxx -

12. Loss on Sales 84112-00 xxxxxxxxxxxxx -

13. Gain on Sales 84113-00 - xxxxxxxxxxxxx

14. Balance June 30, 2006 84114-00 xxxxxxxxxxxxx 965,600.00

965,600.00 965,600.00

N/A

Debit Credit

15. Balance July 1, 2005 84115-00 - xxxxxxxxxxxxx

16. SFY 2006 Sales from Foreclosed Property 84116-00 - xxxxxxxxxxxxx

17. Collected * 84117-00 xxxxxxxxxxxxx -

18. 84118-00 xxxxxxxxxxxxx -

19. Balance JUNE 30, 2006 84119-00 xxxxxxxxxxxxx -

- -

N/A

Debit Credit

20. Balance July 1, 2005 84120-00 - xxxxxxxxxxxxx

21. SFY 2006 Sales from Foreclosed Property 84121-00 - xxxxxxxxxxxxx

22. Collected * 84122-00 xxxxxxxxxxxxx -

23. 84123-00 xxxxxxxxxxxxx -

24. Balance JUNE 30, 2006 84124-00 xxxxxxxxxxxxx -

Analysis of Sale of Property: $ - -

*Total Cash Collected in SFY 2006 (84125-00)

Realized in SFY 2006 Budget

To Results of Operation (Sheet 19)

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

MORTGAGE SALES

CONTRACT SALES

Sheet 27


38/52

SFY 2006

Amount

JUNE 30, 2005 Amount in Amount Balance

Caused By per Audit SFY 2006 Resulting from as atReport Budget SFY 2006 JUNE 30, 2006

1. Emergency Authorization -

Municipal* 2,609,609.56 2,609,609.56 - -

2. Special Emergency Authorizations (5 years)-

Municipal* - - 161,000.00 161,000.00

3. Deficit in Operations 134,927.60 134,927.60 - -

4. Overexpenditure of Appropriations 135,413.81 135,413.81 - -

5. Deficit in Community Center Reserve - - - -

6. Overexpenditure of App Reserves - - - -

7. Overexpenditure of Self Insurance Fund - - - -

8. Overexpenditure of Const. Planning Zoning Trust - - - -

9. Overexpenditure of Improvement Authorizations 63,924.34 63,924.34 - -

10. Overexpenditure of Grant Programs 3,958.51 3,958.51 - -

11. Expenditures without Appropriations - Grant Fund - - - -

2,947,833.82 2,947,833.82 161,000.00 161,000.00

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

N/A

Date Purpose Amount

1.2.

3.

4.

5.

N/A

Appropriated for

In favor of On Account of Date Entered Amount in Budget of

SFY 2007

1.

2.

3.

4.

DEFERRED CHARGES

- MANDATORY CHARGES ONLY -

EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51

CURRENT, TRUST, AND GENERAL CAPITAL FUNDS

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

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

Sheet 28


39/52


40/52

N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGE

N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL D

Not Less T

Date Amount 1/3 of AmAuthorized Authorize

Totals -

It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page

* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance JUNE 30

She

et30

N/A

Purpose


41/52

SFY 2006

Debit Credit2007 Debt

Service

Outstanding July 1, 2005 80033-01 xxxxxxxxxxxxx 16,274,000.00

Issued 80033-02 xxxxxxxxxxxxx 9,100,000.00

Paid 80033-03 2,315,000.00 xxxxxxxxxxxxx

Outstanding, JUNE 30, 2006 80033-04 23,059,000.00 xxxxxxxxxxxxx

25,374,000.00 25,374,000.00

SFY 2007 Bond Maturities-General Capital Bonds - 80033-05 2,420,000.00

SFY 2007 Interest on Bonds* 80033-06 969,076.68

ASSESSMENT SERIAL BONDS

Outstanding July 1, 2005 80033-07 xxxxxxxxxxxxx -

Issued 80033-08 xxxxxxxxxxxxx -

Paid 80033-09 - xxxxxxxxxxxxx

- -

- -

Outstanding, JUNE 30, 2006 80033-10 - xxxxxxxxxxxxx

- -

SFY 2007 Bond Maturities-Assessment Bonds 80033-11 -

SFY 2007 Interest on Bonds* 80033-12 -

Total "Interest on Bonds - Debt Service" (*Items) 80033-13 969,076.68

LIST OF BONDS ISSUED DURING SFY 2006 N/A

PurposeSFY 2007Maturity

Amount Issued Date of Issue Interest Rate

General Improvement Bonds - 9,100,000.00 01/01/06 4.00%

Total - 9,100,000.00 --------- ---------

80033-14 80033-15

SCHEDULE OF BONDS ISSUED AND OUTSTANDING

AND SFY 2007 DEBT SERVICE FOR BONDS

(MUNICIPAL) GENERAL CAPITAL BONDS

Sheet 31


42/52

SFY 2006

Debit Credit2007 Debt

Service

Outstanding July 1, 2005 80033-01 xxxxxxxxxxxxx 849,401.84


Paid 80033-03 96,145.60 xxxxxxxxxxxxx

Outstanding, JUNE 30, 2006 80033-04 753,256.24 xxxxxxxxxxxxx

849,401.84 849,401.84

SFY 2007 Green Acres Loan Maturities 80033-05 98,078.13

SFY 2007 Interest on Green Acres Loan 80033-06 14,577.16

Total SFY 2007 Debt Service for Green Acres Loan 80033-13 112,655.29

(MUNICIPAL) INFRASTRUCTURE LOAN

Outstanding July 1, 2005 80033-07 xxxxxxxxxxxxx 3,412,135.39


Paid 80033-09 192,967.01 xxxxxxxxxxxxx

- -

- -

Outstanding, JUNE 30, 2006 80033-10 3,219,168.38 xxxxxxxxxxxxx

3,412,135.39 3,412,135.39

SFY 2007 Infrastructure Loan Maturities 80033-05 198,501.08

SFY 2007 Interest on Infrastructure Loan 80033-06 69,226.31

Total SFY 2007 Debt Service for Infrastructure Loan 80033-13 267,727.39

LIST OF LOANS ISSUED DURING SFY 2006

PurposeSFY 2007

MaturityAmount Issued Date of Issue Interest Rate

N/A

Total - - --------- ---------

80033-14 80033-15


AND SFY 2007 DEBT SERVICE FOR LOANS

(MUNICIPAL) GREEN ACRES LOAN

Sheet 31 a


43/52

SFY 2006

N/A

SFY 2007 Debt

Debit Credit Service

Outstanding July 1, 2005 80034-01 xxxxxxxxxxxx -


- -

Outstanding JUNE 30, 2006 80034-03 - xxxxxxxxxxxxx

- -

SFY 2007 Bond Maturities-Term Bonds 80034-04 $

SFY 2007 Interest on Bonds* 80034-05 $

N/A

Outstanding July 1, 2005 80034-06 xxxxxxxxxxxxx -Issued 80034-07 xxxxxxxxxxxxx -


- -

- -

Outstanding, JUNE 30, 2006 80034-09 - xxxxxxxxxxxxx

- -

SFY 2007 Interest on Bonds* 80034-10 $

SFY 2007 Bond Maturities - Serial Bonds 80034-11 $

Total "Interest on Bonds - Type I School Debt Service" (*Items) 80034-12 $

LIST OF BONDS ISSUED DURING SFY 2006 N/A

Purpose SFY 2007 Maturity -01 Amt Issued -02 Date of Issue Interest Rate

Total 80035-

SFY 2007 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY

Outstanding, June 30,2006 SFY 2007 Interest

1. Emergency Notes 80036- $ $

2. Special Emergency Notes 80037- $ $

3. Tax Anticipation Notes 80038- $8,058,000.00 $206,338.52

4. Interest on Unpaid State & County Taxes 80039- $ $

5. $ $

6. $ $


AND SFY 2007 DEBT SERVICE FOR BONDS

TYPE I SCHOOL TERM BONDS

TYPE I SCHOOL SERIAL BOND

Sheet 32


44/52

DEBT SERVICE FOR NOTES (OTHER THAN AS

Title or Purpose Original Original Amount of

of Issue Amount Date of Note

Issued Issue * Outstanding06/30/06

0

0

0

0

Total - -

Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retir

Memo: Type 1 School Notes should be separately listed and totaled.

* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improve

All notes with an original date of issue of 2004 or prior require one legally payab

will be renewed in SFY 2007 or written intent of permanent financing submitted w

** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included

She

et33


45/52

DEBT SERVICE SCHEDULE FOR ASSES

Original Original Amount of Da

Amount Date of Note o

Issued Issue * Outstanding Mat

06/30/06

1. N/A

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total

MEMO: *See Sheet 33 for clarification of "Original Date of Issue"

Assessment Notes with an original date of issue of SFY 2003 or prior must be appropriate

Dedicated Assessment Budget or written intent of permanent financingsubmitted with stat

** Interest on Assessment Notes must be included in the Current Fund Budget appropriati

Shee

t34

Title or Purpose

of Issue


46/52

Specify each authorization by purpose. Do SFY 2006

not merely designate by a code number Funded Unfunded Authorizations

Various Capital Improvements-97-01 145,590.02 - (145,590.02

Stabilization of Shabakunk Creek-99-10 262,745.10 -

Various Capital Improvements-01-28 573,827.43 -

Primrose Road Improvements-02-25 9,543.98 (19,474.08

Various Capital Improvements-04-02 462,318.39 (60,000.00

Various Capital Improvements-04-14 - 601,735.27 -

Various Capital Improvements-05-19 17,514.90 - -

Various Capital Improvements-05-28 1,817,052.07

Various Capital Improvements-05-29 126,450.00

Reappropriation of Capital Improvements-06-22 233,012.03

Total 70000- 999,677.45 1,073,597.64 1,951,450.00

Sheet35

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERA

Balance July 1, 2005IMPROVEMENTS


47/52

SFY 2006

Debit Credit

Balance July 1, 2005 80031-01 xxxxxxxxxxxxxxxx -

Received from SFY 2006 Budget Appropriation * 80031-02 xxxxxxxxxxxxxxxx 238,355.00

Received from Performance/Inspectin Escrow xxxxxxxxxxxxxxxx -

Improvement Authorizations Canceled (but only where financed

in whole by the Capital Improvement Fund) 80031-03 xxxxxxxxxxxxxxxx -

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

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations 80031-04 213,355.00 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

Balance JUNE 30, 2006 80031-05 25,000.00 xxxxxxxxxxxxxxxx

238,355.00 238,355.00

SCHEDULE OF CAPITAL IMPROVEMENT FUND

GENERAL CAPITAL FUND

Sheet 36


48/52

GENERAL CAPITAL FUND SFY 2006

SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit

Balance July 1, 2005 80030-01 xxxxxxxxxxxxxxxx -

Received from SFY 2006 Budget Appropriation* 80030-02 xxxxxxxxxxxxxxxx 217,700.00

Received from SFY 2006 Emergency Appropriation* 80030-03 xxxxxxxxxxxxxxxx -

- -

Appropriated to Finance Improvement Authorizations 80030-04 217,700.00 xxxxxxxxxxxxxxxx

- xxxxxxxxxxxxxxxx

Balance JUNE 30, 2006 80030-05 - xxxxxxxxxxxxxxxx

217,700.00 217,700.00

* The full amount of the 2006 appropriation should be transferred to this account unless the balance of the

appropriation is permitted to lapse.

Amount Total Down Payment Amount of Down

Purpose Appropriated Obligations Provided by Paymt in Budget

Authorized Ordinance of SFY 2006 or

Prior Years

Purchase of Equipment- Police 14,000.00 13,300.00 700.00 700.00

Purchase of Equipment- Roads 520,000.00 494,000.00 26,000.00 26,000.00

Purchase of Equipment- Recreation/ Parks 60,000.00 57,000.00 3,000.00 3,000.00

Purchase of Equipment- Recreation Program 60,000.00 57,000.00 3,000.00 3,000.00

Purchase of Equipment- Sanitation 128,000.00 121,600.00 6,400.00 6,400.00

Purchase of Equipment- Recreation/ Parks 97,000.00 92,150.00 4,850.00 4,850.00

Purchase of Equipment- Seniors 40,000.00 38,000.00 2,000.00 2,000.00

Purchase of Equipment- Technology 570,000.00 541,500.00 28,500.00 28,500.00

Purchase of Equipment- WTFC 65,000.00 61,750.00 3,250.00 3,250.00

Purchase of Equipment- Municipal Facilities Upgrade 21,000.00 19,950.00 1,050.00 1,050.00

Milling and Road Resurfacing- Roads 250,000.00 237,500.00 12,500.00 12,500.00

Purchase of Equipment- Police 17,500.00 - 17,500.00 17,500.00

Purchase of Equipment- EMS 2,500.00 - 2,500.00 2,500.00

Purchase of Equipment- B&G 4,450.00 - 4,450.00 4,450.00

Purchase of Equipment- Technology 102,000.00 - 102,000.00 102,000.00

Total 80032-00 1,951,450.00 1,733,750.00 217,700.00 217,700.00

NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount

in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.

CAPITAL IMPROVEMENTS AUTHORIZED IN SFY 2006

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

GENERAL CAPITAL FUND ONLY

Sheet 37


49/52

SFY 2006

GENERAL CAPITAL FUND

STATEMENT OF CAPITAL SURPLUS

SFY 2006

Debit Credit

Balance July 1, 2005 80029-01 xxxxxxxxxxxxxxxx 98,440.57

Premium on Sale of Bond Anticipation Notes xxxxxxxxxxxxxxx 365.00

Premium on Sale of Bonds xxxxxxxxxxxxxxx 204,269.03

- -

- -

Prior Year Adjustment 95,595.00 -

Appropriated to Finance Improvement Authorizations 80029-02 - xxxxxxxxxxxxxxx

Appropriated to SFY 2006 Budget Revenue 80029-03 98,440.57 xxxxxxxxxxxxxxx

Balance JUNE 30, 2006 80029-04 109,039.03 xxxxxxxxxxxxxxxx303,074.60 303,074.60

BONDS ISSUED WITH A COVENANT OR COVENANTS

1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,

P.L. 1934, Chapter 268, P.L. 1934, Chapter 428, P.L. 1933 or

Chapter 77, Article VI-A, P.L. 1935, with Covenant or Covenants;

Outstanding JUNE 30, 2006

2. Amount of Cash in Special Trust Fund as of JUNE 30, 2006 (Note A)

3. Amount of Bonds Issued Under Item 1

Maturing in SFY 2007

4. Amount of Interest on Bonds with a

Covenant - SFY 2007 Requirement

5. Total of 3 and 4 - Gross Appropriation6. Less Amount of Special Trust Fund to be Used

7. Net Apprpriation Required

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

Footnote: Any formula other than the one shown above and required to be used by covenant or

covenants is to be attached hereto.

Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as adeduction and with the amount of Item 7 extended into the SFY 2007 appropriation column.

N/A

Sheet 38


50/52

SFY 2006

A.

1. Total Tax Levy for the Year SFY 2006 was $ 72,363,629.38

2. Amount of Item 1 Collected in SFY 2006 (*) $ 73,076,787.77

3. Seventy (70) percent of Item 1 $ 50,654,540.57

(*) Including prepayments and overpayments applied.

B.

1. Did any maturities of bonded obligations or notes fall due during the year SFY 2006?

Answer YES or NO YES

2. Have payments been made for all bonded obligations or notes due on or beforeJUNE 30, 2006?

Answer YES or NO YES

C. Does the appropriation required to be included in the SFY 2006 budget for the

liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for

operating purposes in the budget for the year just ended? Answer YES or NO NO

D.1. Cash Deficit SFY 2005 $ -

2. 4% of SFY 2005 Tax Levy for all purposes:

Levy -- $ 72,012,493.63 = $ 2,880,499.75

3. Cash Deficit SFY 2006 $ -

4. 4% of SFY 2006 Tax Levy for all purposes:

Levy -- $ 72,363,629.38 = $ 2,894,545.18

E. Unpaid SFY 2005 SFY 2006 Total

1. State Taxes - - -2. County Taxes - - -

3. Amounts due Special Districts - - -

4. Amounts due School Districts for Local School Tax 3,500,000.00 - 3,500,000.00

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

(N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L. 1981)

This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete

MUNICIPALITIES ONLY

IMPORTANT!!

Sheet 39


51/52

SFY06

Note:

SHEETS 40 TO 68, INCLUSIVE, PERTAIN TO

UTILITIES ONLY

If no "utility Fund" existed on the books of account and if no utility was

owned and operated by the municipality during the year SFY 2006, please

observe instructions on Sheet 2.

Sheet 40


52/52

Revised Annual Financial Statement 2006

Documents

Transcript of Revised Annual Financial Statement 2006