2001 Annual Financial Statement

SFY 2001 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - CURRENT FUND AS OF JUNE 30, 2001 Cash Liabilities Must Be Subtotaled and Subtotal Marked With "C"-Taxes Receivable Must Be Subtotaled

Title of Account

Debit

Cash

Credit

2,191,961.25

Change Fund

725.00

Subtotal - Cash

2,192,686.25

Due From State of New Jersey

268,671.18

Taxes Receivable

2,199,693.12

Property Acquired for Taxes

1,573,412.00

Sewer Fees Receivable

484,677.72

Interfund Receivables: Performance and Inspection Trust Fund

5,903.60

Review Fees Trust Fund

214.74

Payroll Trust

851.90

Dog License Fund

16.12

Sub-Total Receivables with offsetting Reserves

4,264,769.20

Emergency Authorizations

565,775.00

Subtotal

565,775.00

Sub total

7,291,901.63

(Do not crowd - add additional sheets)

3

Page 1

SFY 2001 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

POST CLOSING TRIAL BALANCE - CURRENT FUND AS OF JUNE 30, 2001 Cash Liabilities Must Be Subtotaled and Subtotal Marked With "C"-Taxes Receivable Must Be Subtotaled

Title of Account

Debit

Reserve for Encumbrances

Credit 120,180.63

Appropriation Reserves

92,396.98

Prepaid Taxes and Sewer Charges

159,420.79

County and School Taxes Payable

83,380.48

Due to State of New Jersey - Marriage Licenses

2,251.00

Due to State of New Jersey - Dog Licenses

1,815.40

Reserves for Special Purposes Tax Appeals

25,000.00

PFRS Savings

392,108.73

Interfunds due to

5,053.70

Assessment Trust

Subtotal - Current Liabilities

881,607.71

Reserve for Receivables

4,264,769.20

Fund Balance

2,145,524.72

7,291,901.63

7,291,901.63

(Do not crowd - add additional sheets)

3

Page 2

SFY 2001 NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET POST CLOSING TRIAL BALANCE - SUMMARY CURRENT FUND AND STATE AND FEDERAL GRANTS AS OF JUNE 30, 2001 Cash Liabilities Must Be Subtotaled and Subtotal Marked With "C"-Taxes Receivable Must Be Subtotaled

Title of Account

Debit

Credit

Cash

85001

2,313,145.74

Taxes Receivable

85002

1,977,263.55

Tax Title Leins

85003

222,429.57

Foreclosed Property

85004

1,573,412.00

Other Receivables

85007

491,664.08

State and Federal Grants Receivable

85006

628,291.58

Emergencies and Deferred Charges

85005

565,775.00

Total Assets

85008

7,771,981.52

Cash Liabilities

85009

1,361,687.60

Reserve for Receivables

85010

4,264,769.20

Fund Balance

85011

2,145,524.72

Total Liabilities, Reserves and Fund Balance

85012

7,771,981.52

(Do not crowd - add additional sheets)

3

Page 3

SFY 2001 POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 & #2* AS OF JUNE 30, 2001 Title of Account

Debit

Cash in Bank

Credit

44,114.45

Reserve for Public Assistance

44,114.45 44,114.45

(Do not crowd - add additional sheets) *To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program.

4

44,114.45

SFY 2001 POST CLOSING TRIAL BALANCE FEDERAL AND STATE GRANTS AS OF JUNE 30, 2001 Title of Account

Debit

Cash

120,459.49

Grants Receivable

359,620.40

Credit

Reserve for State and Federal Grants

215,639.20

Grant Encumbrances

264,440.69 480,079.89

(Do not crowd - add additional sheets)

5

480,079.89

SFY 2001 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS OF JUNE 30, 2001 Title of Account

Debit

Credit

Assessment Trust Due from Current Fund

5,053.70

Assessments Receivable

3,060.57

Reserve for Assessments

3,060.57

Assessment Overpayment

25.00

Fund Balance

5,028.70 8,114.27

8,114.27

Dog Trust Cash in Bank

9,996.73

Due to Current Fund

16.12

Prepaid Dog Licenses

5,419.20

Reserve for Dog License Expenditures

4,561.41 9,996.73

9,996.73

Self Insurance Trust Cash

41,147.89

Encumbrances Payable

2,800.00

Reserve for: Unemployment

31,315.86

Self Insurance

146,423.05

Worker's Compensation

139,391.02 180,538.91

180,538.91

(Do not crowd - add additional sheets)

6

Page 6

SFY 2001 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS OF JUNE 30, 2001 Title of Account

Debit

Credit

Trusts Other Cash - Trust Other

2,780,360.43

Rent Receivable- ECC

8,000.00

Due from Mercer County Probation

624.17

Encumbrances Payable

30,101.88

Due to Current

6,970.24

Reserve For: Ewing Drug and Alcohol Alliance

2,206.08

Flood Relief Fund

509.00

Payroll Deductions

301,075.55

Collectors Trust

29,600.86

Invest-a-Cop

500.00

Review

35,614.98

Ewing Community Center

5,624.31

Inspection

255,167.61

Performance

1,459,152.90

Dedicated Construction

641,208.21

Ewing Township Redevelopment Agency

3,750.00

Asset Forfeiture

17,049.93

Revolving Loan

5,224.81

Recreation

3,119.95

Right of Way Access

1,000.00

Parking Adjudication

2,356.91 2,794,608.91

2,794,608.91

(Do not crowd - add additional sheets)

6

Page 7

SFY 2001 POST CLOSING TRIAL BALANCE - TRUST FUNDS (Assessment Section Must Be Separately Stated) AS OF JUNE 30, 2001 Title of Account

Debit

Credit

Trust Grants Cash in Bank

1,269.28

Grants Receivable

41.00

Reserve for NPP Expenditures

1,310.28

1,310.28

1,310.28

(Do not crowd - add additional sheets)

6

Page 8

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS

SFY 2001

Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues:

Audit RECEIPTS Balance Assessments Current Additions Disbursements Balance 6/30/00 and Liens Budget 06/30/01 xxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Assessment Bond Anticipation Note Issues:

xxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 0.00

Other Liabilities Trust Surplus *Less Assets "Unfinanced" Due from Current Fund Assessment Receivable

863.65 (4,062.86) (6,284.78) 3,085.57 965.84 4,062.86 5,028.70 xxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx (990.84) (838.65)

(4,062.86) 4,062.86

0.00

0.00

(5,053.70) (3,060.57)

6,284.78 0.00

0.00

*Show as red figure

7

0.00

0.00

0.00

0.00

SFY 2001 POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND AS OF JUNE 30, 2001 Title of Account

Debit

Est. Proceeds Bonds and Notes Authorized

Credit

725,000.00

Bonds and Notes Authorized but Not Issued

725,000.00

Cash in Bank

731,793.01

Grant Receivable

486,262.00

Deferred Charges to Future Taxes: Funded

18,126,254.50

Unfunded

7,017,250.00

Due to Current Fund

0.00

Bond Anticipation Notes

6,292,250.00

Serial Bonds

12,779,000.00

Reserve for Encumbrances

854,505.73

Reserve for ELSA Improvements

105,325.91

Reserve for Green Acres Payments

500,000.00

Loans Payable

5,347,254.50

Capital Improvement Fund

5,008.00

Improvement Authorizations

462,432.98

Fund Balance

15,782.39 27,086,559.51

(Do not crowd - add additional sheets)

8

27,086,559.51

SFY 2001 CASH RECONCILIATION JUNE 30, 2001 Cash *On Hand Current

Less Checks Cash Books

On Deposit

Outstanding Balance

178,532.70

2,153,912.52

140,483.97 2,191,961.25

942.50

9,054.23

9,996.73

36,881.54

2,844,102.64

100,623.75 2,780,360.43

Trust - Dog License Trust - Other Capital - General

738,124.52

Public Assistance **

44,114.45

Self Insurance

50,632.20

Neighborhood Preservation

6,331.51

44,114.45 9,484.31

1,269.28

State and Federal Grants

Total

6,367.93

117,517.82

222,724.67

5,958,727.66

731,793.01

41,147.89 1,269.28

3,426.26

120,459.49

260,349.80 5,921,102.53

* Include Deposits In Transit ** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account

REQUIRED CERTIFICATION

I hereby certify that all amounts shown in "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at JUNE 30, 2001.

I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at JUNE 30, 2001.

All "Certificates of Deposit" "Repurchase Agreements" and other investments must be reported as cash and included in this certification.

THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or Sheet 1a

Signature:

Title:

9

Page 11

SFY 2001 CASH RECONCILIATION JUNE 30, 2001 (CONTINUED) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Current

Commerce- Current

A/C 5426106

1,946,920.44

Commerce- Clerk

A/C # 5424130

93,292.77

New Jersey Cash Management

A/C # 90670

37,252.76

NJ ARM

A/C # 43

Paine Webber

A/C # XQ 40161 20

Soverign

`A/C # 79111246

SunNational

A/C # 610-2157433

4,544.25 45,817.00 6,147.66 19,937.64

2,153,912.52 Public Assistance Acct 1

First Union

A/C #097-165-6

2,063.81

Acct 2

First Union

A/C #121-496-5

42,050.64 44,114.45

Dog Trust Commerce

A/C # 5424122

9,054.23

A/C 935708294

22,051.62

A/C 91642

12,116.29

Self Insurance Self Insurance

Summit

New Jersey Cash Management

9

Page 12

SFY 2001 CASH RECONCILIATION JUNE 30, 2001 (CONTINUED) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Workers Comp. Pymt First Union

16,464.29

2100012149763

50,632.20 Trust Other Payroll

Commerce

A/C # 5424114

312,603.41

Collector's Trust

First Union

A/C # 0200-485-662

103,723.43

Dedicated Construc

Summit

A/C # 935708286

646,805.76

Other Trust

Summit

A/C # 935708308

15,665.61

Devel. Review

Summit

varies- money market deposits

34,829.72

Devel. Perfor./Inspect Summit

varies- money market deposits1,720,224.11

Recreation

Fleet

A/C # 9404588892

Recreation

Sovereign

2,084.52 8,166.08

2,844,102.64

Neighborhood Preservation NPP

First Union

A/C # 319-964-0

1,269.28

Summit

A/C # 935708278

493,651.58

A/C # 90778

244,472.94

Capital Capital

New Jersey Cash Management

738,124.52

9

Page 13

SFY 2001 CASH RECONCILIATION JUNE 30, 2001 (CONTINUED) LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

State and Federal Grants State and Federal Grants

First Union A/C # 1409089770

Total Cash on Deposit

117,517.82

5,958,727.66

9

Page 14

MUNICIPALITIES AND COUNTIES

SFY 2001

FEDERAL AND STATE GRANTS RECEIVABLE

Grant

Balance

2001

July 1, 2000

Budget Revenue

Unapprop Received

Grant

Balance Cancelled

June 30, 2001

Receipts

Realized

JDS Uniphase

2,500.00

2,500.00

0.00

Drunk Driving Enforcement Fund

4,128.74

4,128.74

0.00

Tobacco Age of Sale Enforcement

1,440.00

1,440.00

0.00

Body Armor Replacement Fund

8,094.55

8,094.55

0.00

4,000.00

3,360.00 4,000.00

0.00 0.00

Tree Planting Emergency Management Assistance

3,360.00

Historic Preservation Public Health Priority Funding

1,000.00

553.15

17,464.00

17,241.00

8,732.00

Safe and Secure

60,000.00

60,000.00

0.00

COPS in Schools

125,000.00

41,721.00

83,279.00

48,649.00

48,649.00

0.00

Clean Communities Grant

8,509.00

446.85

0.00

NJ Transportation Trust

385,000.00

266,366.25

Economic Development - Special Project

129,996.29

101,009.50

Recycling Tonnage Grant Cops in Shops

101,376.22

17,257.53 28,986.79

35,414.93

35,414.93

3,000.00

3,080.00

Municipal Alliance Grant

17,928.00

34,108.00

36,889.00

15,147.00

Local law Enforcement Block Grant

25,526.00

47,369.00

72,895.00

0.00

0.00

5,735.46

5,735.46

0.00

268,503.00

113,653.00

154,850.00

7,360.00

3,040.00

4,320.00

Vest Partnership Program Hazardous Waste Discharge Aggressive Driver NJ Manufacturers- EMS Domestic Violence Totals

6,080.00

0.00

2,500.00

2,500.00

0.00

2,500.00

5,000.00

2,500.00

5,000.00

887,097.22

370,068.75

795,722.50 10

0.00

101,823.07

359,620.40

10

10

10

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Balance Grant

Transferred from 2001

Balance

Budget Appropriations 06/30/00

SFY 2001

Budget

Budget

Expended

Appropriation Municipal By 40A:4-87

Match

Grant

Deferred

Cancelled

Charges

06/30/01

CDBG Senior Citizens Center

76.00

Economic Development Special Project Public Health Priority Funding

1997

Public Health Priority Funding

76.00

91,617.78

61,111.31

30,506.47

152.06

152.06

15,165.20

17,464.00

18,317.50

14,311.70 0.00

Clean Communities

20,839.92

COPS in Schools

48,649.00

47,318.65

22,170.27

125,000.00

41,666.00

83,334.00

NJ ManufacturersNJ Transportation Trust

2,500.00 Green Lane

175,000.00

Somerset Ave

0.00

Historic Preservation Tree Planting Emergency Management Assistance Program

2,500.00 119,736.95 55,263.05 640.00

1,000.00

553.15

252.25

0.00 (640.00)

446.85

0.00 252.25

4,000.00

3,985.00

11

15.00

Page 19

SCHEDULE OF APPROPRIATED RESERVES FOR

SFY 2001

FEDERAL AND STATE GRANTS Balance Grant

Transferred from 2000

Balance

Budget Appropriations 06/30/00

Budget

Budget

Appropriation Municipal By 40A:4-87

Drunk Driving Enforcement Fund Safe and Secure

12,021.49

1,533.18

0.00

60,000.00

Vest Partnership Program Body Armor Replacement Fund

Local Law Enforcemment Block Grant NJ DEP Office Environmental Services

Match

2,595.56

Grant

Deferred

Cancelled

Charges

1,642.22

8,136.41

60,000.00

0.00 5,735.46

8,094.55

8,277.40

1,459.37

2,500.00

1,374.92

1,125.08

6,015.00

6,015.00

0.00

47,369.00

43,134.92

4,234.08

327.50

Tobacco Age of sale Enforcement

2,245.00

Municipal Alliance

7,490.60

Cops In Shops

3,000.00

06/30/01

8,013.82

5,735.46

JDS Uniphase- EMS Services Hazardous Waste Discharge

Expended

327.50 1,440.00 34,108.00

3,685.00

0.00

26,751.63

14,846.97

3,080.00

6,080.00

Small Cities - Trent St

45.00

45.00

Historical Preservation

0.08

0.08

Hollowbrook Legislative Grant

39,638.96

34,313.00

5,325.96

Aggressive Driver

7,520.00

2,560.00

4,960.00

Domestic Violence

5,000.00

5,329.46

4,670.54

TOTALS

388,049.06

5,000.00 274,290.18

95,778.57

11

0.00

486,768.71 55,709.90

0.00

215,639.20

Page 20

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

SFY 2001

Transferred to 2001 Grant

Balance Budget Appropriations 06/30/00

Budget

Received

Balance

Appropriation

06/30/01

By 40A:4-87

TOTALS

0.00

0.00

0.00

0.00

12

0.00

0.00

0.00

0.00

SFY 2001

REGIONAL SCHOOL TAX*

N/A

(Provide a separate statement for each Regional District involved)

Balance July 1, 2000 School Tax Payable #

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

85031-00

xxxxxxxxxx

(Not in excess of 50% of Levy - 1994 - 1997) 85032-00

xxxxxxxxxx

School Tax Deferred Levy School Year July 1, 200- JUNE 30, 2001

xxxxxxxxxx

Levy Calendar Year 2001

xxxxxxxxxx

Prepaid School Tax Paid

xxxxxxxxxx

Balance JUNE 30, 2001

xxxxxxxxxx

School Tax Payable #

85033-00

xxxxxxxxxx xxxxxxxxxx

School Tax Deferred

xxxxxxxxxx

(Not in excess of 50% of Levy - 1998 - 200185034-00 0.00

#Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAX

Balance July 1, 2000 School Tax Payable #

85021-00

School Tax Deferred

0.00

N/A

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

(Not in excess of 50% of Levy - 1994 - 1997) 85022-00 Levy School Year July 1, 200- JUNE 30, 2001

xxxxxxxxxx

Prepaid School Tax Paid

xxxxxxxxxx

Balance JUNE 30, 2001 School Tax Payable #

xxxxxxxxxx 85023-00

xxxxxxxxxx xxxxxxxxxx

School Tax Deferred

xxxxxxxxxx

(Not in excess of 50% of Levy - 1998 - 200185024-00 0.00

# Must include unpaid requisitions

14

0.00

SFY 2001

LOCAL DISTRICT SCHOOL TAX*

Balance July 1, 2000 School Tax Payable#

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

85001-00

School Tax Deferred (Not in excess of 50% of Levy - 1999 - 2000) 85002-00 Levy School Year July 1, 2000 - JUNE 30, 2001

xxxxxxxxxx xxxxxxxxxx

34,767,792.00

Prepaid School Tax Paid

34,767,792.00 xxxxxxxxxx

Balance JUNE 30, 2001

xxxxxxxxxx

School Tax Payable #

85003-00

xxxxxxxxxx xxxxxxxxxx

School Tax Deferred

xxxxxxxxxx

(Not in excess of 50% of Levy - 2000 - 2001 85004-00 34,767,792.00

34,767,792.00

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

COUNTY VOCATIONAL SCHOOL TAX

Balance July 1, 2000 School Tax Payable #

85021-00

School Tax Deferred

N/A

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

(Not in excess of 50% of Levy - 1998 - 2000) 85022-00 Levy School Year July 1, 2000 JUNE 30, 2001

xxxxxxxxxx

Paid

xxxxxxxxxx

Balance JUNE 30, 2001 School Tax Payable #

xxxxxxxxxx 85023-00

School Tax Deferred (Not in excess of 50% of Levy - 2000-2001

xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

85024-00

# Must include unpaid requisitions

13

SFY 2001

COUNTY TAXES PAYABLE

Balance July 1, 2000 County Taxes

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

80003-01

xxxxxxxxxx

64,190.69

Due County for Added and Omitted Taxes 80003-02

xxxxxxxxxx

0.00

2001 Levy:

xxxxxxxxxx

xxxxxxxxxx

General County

80003-03

xxxxxxxxxx

9,630,604.87

County Library

80003-04

xxxxxxxxxx

1,187,533.49

County Health

xxxxxxxxxx

County Open Space Preservation

xxxxxxxxxx

367,127.26

Due County for Added and Omitted Taxes 80003-05

xxxxxxxxxx

117,319.33

Prepaid Taxes

19,189.79

Paid

11,302,584.95 xxxxxxxxxx

Balance JUNE 30, 2001

xxxxxxxxxxxxxxx xxxxxxxxxx

County Taxes

83,380.48 xxxxxxxxxx

Due County for Added and Omitted Taxes

0.00 xxxxxxxxxx 11,385,965.43

11,385,965.43

SPECIAL DISTRICT TAXES

Debit Balance July 1, 2000

80003-06

2001 Levy: (List Each Type of District Tax Separately - see Footnote)

Credit

xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx

Fire -

81108-00

-140,725.37 xxxxxxxxxx

xxxxxxxxxx

Sewer -

81111-00

xxxxxxxxxx

xxxxxxxxxx

Water -

81112-00

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

Prepaid Fire Tax Total 2001 Levy

80003-07

xxxxxxxxxx

Paid

80003-08

xxxxxxxxxx

Balance JUNE 30, 2001

80003-09

0.00 xxxxxxxxxx 0.00

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

15

0.00

SFY 2001

STATE LIBRARY AID

N/A

RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit

Credit

Balance July 1, 2000 State Library Aid Received in 2001

Expended Balance JUNE 30, 2001

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

Balance July 1, 2000 State Library Aid Received in 2001

Expended Balance JUNE 30, 2001

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

Balance July 1, 2000 State Library Aid Received in 2001

Expended Balance JUNE 30, 2001

RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID

Balance July 1, 2000 State Library Aid Received in 2001

Expended Balance JUNE 30, 2001

16

SFY 2001 STATEMENT OF GENERAL BUDGET REVENUES SFY 2001

Source

Surplus Anticipated

80101-

Budget

Realized

Excess or Deficit*

-01

-02

-03

510,000.00

510,000.00

0.00

0.00

0.00

0.00

Surplus Anticipated with Prior Written Consent of Director of Local Government

80102-

Miscellaneous Revenue Anticipated:

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx

Adopted Budget

22,233,022.18 22,812,950.92

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

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx 95,778.57

Total Miscellaneous Revenue Anticipated

80103-

Receipts from Delinquent Taxes

95,778.57

0.00

22,328,800.75 22,908,729.49 1,700,000.00

Amount to be Raised by Taxation:

579,928.74

579,928.74

1,640,198.68

(59,801.32)

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx

(a) Local Tax for Municipal Purposes

80105-

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx

(b) Addition to Local District School Tax

80106-

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxx

Total Amount to be Raised by Taxation

80107-

7,428,811.46

7,940,742.37

511,930.91

31,967,612.21 32,999,670.54

1,032,058.33

ALLOCATION OF CURRENT TAX COLLECTIONS Debit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)

80108-00

xxxxxxxxxxxxxxxx 52,164,257.86

Amount to be Raised by Taxation Local District School Tax

Credit

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx 80109-00

34,767,792.00 xxxxxxxxxxxxxxxx

Vocational School District

xxxxxxxxxxxxxxxx

Regional School Tax

80119-00

xxxxxxxxxxxxxxxx

Regional High School Tax

80110-00

xxxxxxxxxxxxxxxx

County Taxes

80111-00

11,204,455.41 xxxxxxxxxxxxxxxx

Due County for Added and Omitted Taxes

80112-00

117,319.33 xxxxxxxxxxxxxxxx

Special District Taxes

80113-00

xxxxxxxxxxxxxxxx

Reserve for Uncollected Taxes

80114-00

xxxxxxxxxxxxxxxx1,866,051.25

80115-00

Balance for Support of Municipal Budget (or)

80117-00

*Deficit Non-Budget Revenue (see footnote)

80118-00

7,940,742.37 xxxxxxxxxxxxxxxx 54,030,309.11

54,030,309.11

*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.

17

Page 26

SFY 2001

STATEMENT OF GENERAL BUDGET REVENUES 2001 (Continued)

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

Source

Budget

Realized

Excess or Deficit

Public Health Priority Funding

17,464.00

17,464.00

0.00

Tobacco Age of Sale Enforcement

1,440.00

1,440.00

0.00

Drunk Driving Enforcement

2,595.56

2,595.56

0.00

Cops In Shops

3,080.00

3,080.00

0.00

NJ Manufacturers- EMS

2,500.00

2,500.00

0.00

Body Armor Replacement

8,094.55

8,094.55

0.00

JDS Uniphase

2,500.00

2,500.00

0.00

Domestic Violence

5,000.00

5,000.00

0.00

47,369.00

47,369.00

0.00

5,735.46

5,735.46

0.00

95,778.57

95,778.57

0.00

Local Law Enforcement Block Grant Vest Partnership Program

Total to Sheet 17

17

Page 27

SFY 2001 STATEMENT OF GENERAL BUDGET APPROPRIATIONS SFY 2001 SFY 2001 Budget as Adopted

80012-01

31,871,833.64

SFY 2001 Budget - Added by N.J.S. 40A:4-87

80012-02

95,778.57

Appropriated for SFY 2001 (Budget Statement Item 9)

80012-03

31,967,612.21

Appropriated for SFY 2001 by Emergency Appropriation (Budget Statement Item 9)

80012-04

565,775.00

Total General Appropriations (Budget Statement Item 9)

80012-05

32,533,387.21

Add: Overexpenditures (see footnote)

80012-06

Total Appropriations and Overexpenditures

80012-07

32,533,387.21

Deduct Expenditures: Paid or Charged [Budget Statement Item (L)]

80012-08

30,573,232.79

Paid or Charged - Reserve for Uncollected Taxes

80012-09

1,866,051.25

Reserved

80012-10

92,396.98

Total Expenditures

80012-11

32,531,681.02

Unexpended Balances Canceled (see footnote)

80012-12

1,706.19

FOOTNOTES - RE: OVEREXPENDITURES: Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED: Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpected Balances Canceled"

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES (EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

SFY 2001 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

18

NOT APPLICABLE

SFY 2001

RESULTS OF SFY 2001 OPERATION CURRENT FUND Debit

Excess of anticipated Revenues:

Credit

xxxxxxxxxxxxxx xxxxxxxxxxxxxx

Miscellaneous Revenues anticipated

80013-01

xxxxxxxxxxxxxx

Municipal taxes

579,928.74 511,930.91

Delinquent Tax Collections

80013-02

Accrued interest on bonds

xxxxxxxxxxxxxx xxxxxxxxxxxxxx

Required Collection of Current Taxes

80013-03

xxxxxxxxxxxxxx

Unexpended Balances of SFY 2001 Budget Approp

80013-04

xxxxxxxxxxxxxx

1,706.19

Miscellaneous Revenue Not Anticipated

81113-

xxxxxxxxxxxxxx

121,604.29

Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (sheet 27)

81114-

xxxxxxxxxxxxxx

81120-

xxxxxxxxxxxxxx

Payments in Lieu of Taxes on Real Property Sale of Municipal Assets

21,263.00

Unexpended Balances of SFY 2000 Approp. Res

80013-05

xxxxxxxxxxxxxx

19,011.74

Prior Years Intefunds Returned in FY 2001

80013-06

xxxxxxxxxxxxxx

2,638.68

Cancelled Accounts Payable

xxxxxxxxxxxxxx

Cancel Prior Year Tax Overpayments Refund of Prior Year Expenditure

xxxxxxxxxxxxxx

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

xxxxxxxxxxxxxx xxxxxxxxxxxxxx

Balance July 1, 2000

80013-07

Balance June 30, 2001

80013-08

Deficit in Anticipated Revenues:

8,148.10 xxxxxxxxxxxxxx

xxxxxxxxxxxxxx xxxxxxxxxxxxxx xxxxxxxxxxxxxx

Miscellaneous Revenues Anticipated

80013-09

xxxxxxxxxxxxxx

Delinquent Tax Collections

80013-10

59,801.32 xxxxxxxxxxxxxx xxxxxxxxxxxxxx

Required Collection of Current Taxes Interfund Advances Originating in SFY 2001

80013-11

xxxxxxxxxxxxxx

80013-12

6,986.36 xxxxxxxxxxxxxx

Tax Office- Over/short

263.55

Penalty and fines

1,000.90

Demolition Costs

533.02

Refund of prior years taxes by council action

50.00

Deficit Balance - To Trial Balance (sheet 3)

80013-13

Surplus Balance - To Surplus (Sheet 21)

80013-14

1,197,596.50 xxxxxxxxxxxxxx 1,266,231.65

19

1,266,231.65

SFY 2001

SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED AMOUNT REALIZED

Tax Collector

32,590.09

In Lieu of Tax

1,818.95

Recycling Income

5,895.51

Telephone Commissions

208.56

Clerk

3,528.91

State Housing Inspections

6,234.95

Miscellaneous

71,327.32

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)

20

121,604.29

SFY 2001

SURPLUS - CURRENT FUND SFY 2001 Debit 1. Balance July 1, 2000

80014-01

2.

Credit

xxxxxxxxxxxxxx 1,457,928.22 xxxxxxxxxxxxxx

3. Excess Resulting from SFY 2001 Operations

80014-02

xxxxxxxxxxxxxx 1,197,596.50

4. Amount Appropriated in the 2001 Budget - Cash

80014-03

510,000.00 xxxxxxxxxxxxxx

5. Amount Appropriated in SFY 2001 Budget - with Prior

80014-04

xxxxxxxxxxxxxx

Written Consent of Director of Local Government Services 6.

xxxxxxxxxxxxxx

7. Balance JUNE 30, 2001

80014-05

2,145,524.72 xxxxxxxxxxxxxx 2,655,524.72

2,655,524.72

ANALYSIS OF BALANCE JUNE 30, 2001 (FROM CURRENT FUND - TRIAL BALANCE)

Cash

80014-06

2,192,686.25

80014-07 Sub-total

2,192,686.25

Deduct Cash Liabilities Marked with "C" on Trial Balance

80014-08

881,607.71

Cash Surplus

80014-09

1,311,078.54

Deficit in Cash Surplus

80014-10

Other Assets Pledged to Surplus: * (1) Due from State of NJ Senior Citizens & Veterans Deduction 80014-16

268,671.18

Deferred Charges

80014-12

565,775.00

Cash Deficit #

80014-13

Total Other Assets

80014-14

834,446.18

80014-15

2,145,524.72

*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 2001 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS. NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S. 40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.

21

(FOR MUNICIPALITIES ONLY)

CURRENT TAXES - 2001 LEVY 1. Amount of Levy as per Duplicate (Analysis) # or (Abstract of Ratables)

82101-00

53,720,648.51

2. Amount of Levy Special District Taxes

82102-00

3. Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et seq.

82103-00

151,945.68

4. Amount Levied for Added Taxes under N.J.S.A. 54:4-63.1 et. seq.

82104-00

409,292.40

5a. Sub-total 2001 Levy 5b. Reductions due to tax appeals 5c. Total 2001 Tax Levy

82106-00

54,281,886.59

6. Transferred to Tax Title Liens

82107-00

20,045.26

7. Transferred to Foreclosed Property

82108-00

0.00

8. Remitted, Abated or Canceled, other adjustments

82109-00

9. Discount Allowed

82110-00

82113-00

54,281,886.59

10. Collected in Cash: In 2000 In 2001* REAP Revenue State's Share of 2001 Senior Citizens and Veterans Deductions Allowed Total To Line 14

188,488.79

82121-00 82122-00

29,158.76 51,713,606.50

82123-00

421,492.60 82111-00

52,164,257.86

11. Total Credits

52,372,791.91

12. Amount Outstanding JUNE 30, 2001

83120-00

1,909,094.68

13. Percentage of Cash Collections to Total 2001 Levy, (Item 10 divided by Item 5) is 96.099% 82112-00 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals

52,164,257.86 0.00

To Current Taxes Realized in Cash (Sheet 17)

52,164,257.86

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 include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2001 collections and Bell Atlantic Replacement Revenue

22

SFY 2001 SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS Debit 1. Balance July 1, 2000

Credit

xxxxxxxxxxx xxxxxxxxxxx

Due From State of New Jersey

225,873.58 xxxxxxxxxxx

Due To State of New Jersey

xxxxxxxxxxx

2. Sr. Citizens Deductions Per Tax Billings

421,492.60 xxxxxxxxxxx

3. Veterans Deductions Per Tax Billings

xxxxxxxxxxx

4. Sr. Citizens Deductions Allowed By Tax Collector

xxxxxxxxxxx

5. Veterans Deductions Allowed By Tax Collector 6. 7. Sr. Citizens Deductions Disallowed By Tax Collector

xxxxxxxxxxx

8. Sr. Citizens Ded. Disallowed.By Tax Collector SFY 2000

xxxxxxxxxxx

9. Received in Cash from State

xxxxxxxxxxx

378,695.00

10. 11. 12. Balance JUNE 30, 2001

xxxxxxxxxxx xxxxxxxxxxx

Due From State of New Jersey

xxxxxxxxxxx

Due To State of New Jersey

268,671.18 xxxxxxxxxxx

647,366.18 647,366.18

Calculation of Amount to be included on Sheet 22, Item 10SFY 2001 Senior Citizens and Veterans Deductions Allowed Line 2

421,492.60

Line 3

0.00

Line 4

0.00

Sub-Total Less: Line 7 To Item 10, Sheet 22

421,492.60 0.00 421,492.60

23

SFY 2001 SCHEDULE OF RESERVE FOR TAX APPEALS PENDINGN.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27)

DEBIT

Balance July 1, 2001

xxxxxxxxxxxxxxxx

CREDIT

25,000.00

25,000.00 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Tax Pending Appeals Interest Earned on Taxes Pending Appeals

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Contested Amount of 1998 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22)

xxxxxxxxxxxxxxxx

Interest Earned on Taxes Pending State Appeals

xxxxxxxxxxxxxxxx

Cash Paid to Appelants (Including 5% Interest from Date Payment)

xxxxxxxxxxxxxxxx

Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest)

xxxxxxxxxxxxxxxx

25,000.00 xxxxxxxxxxxxxxxx

Balance JUNE 30, 2001

25,000.00 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Taxes Pending Appeals*

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Interest Earned on Taxes Pending Appeals

25,000.00 * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by JUNE 30, 2001.

Signature of Tax Collector

License #

Date

24

25,000.00

xxxxxxxxxxx

xxxxxxxxxxx

xxxxxxxxxxx

24

SFY 2002 COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN SFY 2002 MUNICIPAL BUDGET SFY 2002

SFY 2001

1. Total General Appropriations for SFY 2002 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes)

80015-

2. Local District School Tax-School Budget

Billing 7/1 - 12/3180016-

32,935,844.97 xxxxxxxxxxxxxxxx 39,251,604.00

Billing 1/1 - 6/30** 800173. Vocational School Tax

xxxxxxxxxxxxxxxx

Billing 7/1 - 12/31 Billing 1/1 - 6/30*

4. Regional School District Tax

xxxxxxxxxxxxxxxx

Billing 7/1 - 12/31 Billing 1/1 - 6/30*

5. Regional High School Tax-School Budget

xxxxxxxxxxxxxxxx

Billing 7/1 - 12/3180018Billing 1/1 - 6/30*80019-

6. County Tax

Billing 7/1 - 12/3180020-

xxxxxxxxxxxxxxxx

12,220,000.00

Billing 1/1 - 6/30*800217. Special District Taxes

xxxxxxxxxxxxxxxx

Billing 7/1 - 12/3180022Billing 1/1 - 6/30*80023-

xxxxxxxxxxxxxxxx

80024-01

84,407,448.97

9. Less: Total Anticipated Revenues from SFY 2000 in Municipal Budget (Item 80024-02 5)

(26,886,510.69)

8. Total General Appropriations & Other Taxes

10. Cash Required from SFY 2002 Taxes to Support Local Municipal Budget & Other Taxes

80024-03

11. Amount of Item 10 Divided by

57,520,938.28 59,861,523.86

96.09% [820024-04]

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

* May not be stated in an amount less than

39,251,604.00

(Amount Shown on Line 2 Above)

"actual" Tax of year SFY 2002.

Vocational School Tax (Amount Shown on LIne 3 Above)

** Must be stated in the amount of the

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

proposed budget submitted by the Local Board

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

of Education to the Commissioner of

12,220,000.00

County Tax (Amount Shown on Line 6 Above) Special District Tax (Amount Shown on Line 7 Above)

Education on January 15, 1994 (Chap.136, P.L. 1978). Consideration must be given to calendar year calculation.

8,389,919.87

Tax in Local Municipal Budget

59,861,523.87

Total Amount (see Line 11)

2,340,585.59 Note: The amount

12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10)

80024-06

32,935,844.97 revenues (Item 9)

Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations

2,340,585.59 may never

Item 12 - Appropriation: Reserve for Uncollected Taxes

35,276,430.56 exceed the total

Sub-Total

26,886,510.69 of Items 1 & 12.

Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget

of anticipated

80024-07

25

8,389,919.87

SFY 2001

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

DEBIT

1. Balance July 1, 2000

CREDIT

2,172,464.98 xxxxxxxxxxxx

A. Taxes

83102-00

1,808,093.52 xxxxxxxxxxxx xxxxxxxxxxxx

B. Tax Title Liens

83103-00

364,371.46 xxxxxxxxxxxx xxxxxxxxxxxx

2. Canceled:

xxxxxxxxxxxx xxxxxxxxxxxx

A. Taxes

83105-00

xxxxxxxxxxxx

B. Tax Title Liens

83106-00

xxxxxxxxxxxx

3. Transferred to Foreclosed Tax Title Liens:

31,706.28

xxxxxxxxxxxx xxxxxxxxxxxx

A. Taxes

83108-00

xxxxxxxxxxxx

B. Tax Title Liens

83109-00

xxxxxxxxxxxx

234,645.14

4. Added Taxes

83110-00

xxxxxxxxxxxx

5. Added Tax Title Liens

83111-00

1,134.76 xxxxxxxxxxxx xxxxxxxxxxxx xxxxxxxxxxxx

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

A. Taxes - Transfers to Tax Title Liens

83104-00

B. Tax Title Liens - Transfers from Taxes

83107-00

7. Balance Before Cash Payments

xxxxxxxxxxxx

79,593.86

79,593.86 xxxxxxxxxxxx xxxxxxxxxxxx

1,907,248.32

8. Totals

2,253,193.60

2,253,193.60

9. Balance Brought Down

1,907,248.32 xxxxxxxxxxxx

10. Collected

xxxxxxxxxxxx

1,640,199.08

A. Taxes

83116-00

1,628,624.51 xxxxxxxxxxxx xxxxxxxxxxxx

B. Tax Title Liens

83117-00

11,574.57 xxxxxxxxxxxx xxxxxxxxxxxx

11. Interest and Costs - SFY 2001 Tax Sale

83118-00

3,503.94 xxxxxxxxxxxx

12. SFY 2001 Taxes Transferred to Liens

83119-00

20,045.26 xxxxxxxxxxxx

13. SFY 2001 Taxes

83123-00

1,909,094.68 xxxxxxxxxxxx

14. Balance JUNE 30, 2001

xxxxxxxxxxxx

2,199,693.12

A. Taxes

83121-00

1,977,263.55 xxxxxxxxxxxx xxxxxxxxxxxx

B. Tax Title Liens

83122-00

222,429.57 xxxxxxxxxxxx xxxxxxxxxxxx

15. Totals

3,839,892.20

16. Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 17. Item No. 14 multiplied by percentage shown above is maximum amount that my be anticipated in SFY 2001 .

86.00% $

1,891,696.32 83125-00

(See Note A on Sheet 22 - Current Taxes) (1) These amount will always be the same.

26

3,839,892.20

SFY 2001

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

1. Balance July 1, 2000

136,312.00 xxxxxxxxxxxxxxxx

84101-00

2. Foreclosed or Deeded in SFY 2001

CREDIT

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

3.

Tax Title Liens

84103-00

931,400.00 xxxxxxxxxxxxxxxx

4.

Taxes Receivable

84104-00

xxxxxxxxxxxxxxxx

5A. Balance Detail to Control

84102-00

505,700.00 xxxxxxxxxxxxxxxx

5B.

84105-00

6.

Adjustment to Assessed Valuation

84106-00

7.

Adjustment to Assessed Valuation

84107-00

8. Sales

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

9.

Cash *

84109-00

xxxxxxxxxxxxxxxx

10.

Contract

84110-00

xxxxxxxxxxxxxxxx

11.

Mortgage

84111-00

xxxxxxxxxxxxxxxx

12.

Loss on Sales

84112-00

xxxxxxxxxxxxxxxx

13.

Gain on Sales

84113-00

14. Balance JUNE 30, 2001

84114-00

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

1,573,412.00

1,573,412.00

1,573,412.00

CONTRACT SALES DEBIT

CREDIT

15. Balance July 1, 2000

84115-00

xxxxxxxxxxxxxxxx

16. 2001 Sales from Foreclosed Property

84116-00

xxxxxxxxxxxxxxxx

17. Collected *

84117-00

xxxxxxxxxxxxxxxx

18.

84118-00

xxxxxxxxxxxxxxxx

19. Balance JUNE 30, 2001

84119-00

xxxxxxxxxxxxxxxx

MORTGAGE SALES DEBIT

CREDIT

20. Balance July 1, 2000

84120-00

xxxxxxxxxxxxxxxx

21. SFY 2001 Sales from Foreclosed Property

84121-00

xxxxxxxxxxxxxxxx

22. Collected *

84122-00

xxxxxxxxxxxxxxxx

23.

84123-00

xxxxxxxxxxxxxxxx

24. Balance JUNE 30, 2001

84124-00

xxxxxxxxxxxxxxxx

Analysis of Sale of Property: *Total Cash Collected in SFY 2001 Realized in SFY 2001 Budget To Results of Operation (Sheet 19)

$ (84125-00)

27

SFY 2001 DEFERRED CHARGES - MANDATORY CHARGES ONLY -

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)

Caused By

Amount

Amount in

Amount

Balance

June 30, 2001 per

SFY 2001

Resulting from

as at

Budget

SFY 2001

06/30/01

Audit Report 1. Emergency Authorization Municipal*

565,775.00

565,775.00

2. Emergency Authorizations Schools

Deficit in Operations- FY 2001

0.00

Deficit in Reserve for Dog Fund Expenditures

0.00

Deficit in Reserve for Community Center

16,287.13

16,287.13

5,624.31

5,624.31

Overexpenditure of Improvement Auth.

0.00

Deficit in Grant Expenditures

587.03

587.03

16,874.16

16,874.16

0.00

$ 571,399.31

571,399.31

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

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

Date

Purpose

Amount

1. 2. 3. 4. 5.

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED Appropriated for In favor of

On Account of

Date Entered

Amount

in Budget of SFY 2001

1. 2. 3. 4.

28

SFY 2001 N.J.S. 40A:4-55 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE. Amount Not Less Than REDUCED IN SFY 2001 Date Purpose Authorized 1/5 of Amount Balance By SFY 2001 Canceled Balance Authorized * 06/30/96 Budget by Resolution 37,072.00 0.00 0.00

Totals

0.00

0.00

0.00 80025-00

0.00

0.00

37,072.00

80026-00

It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the governing body in full compliance with NJSA 40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page Chief Financial Officer * Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance JUNE 30, 2001" must be entered here and then raised in the SFY 2001 budget.

29

SFY 2001 N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN SFY 2001 Date Purpose Amount 1/3 of Amount Balance By SFY 2001 Canceled Balance Authorized Authorized * 06/30/98 Budget by Resolution 37,072.00

Totals

0.00

0.00

0.00 80027-00

0.00 80028-00

0.00

It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the governing body in full compliance with NJSA 40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page Chief Financial Officer * Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance JUNE 30, 2001" must be entered here and then raised in th SFY 2001 budget

30

37,072.00

30

SFY 2001 SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2001 DEBT SERVICE FOR BONDS (COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS Debit

Credit

Outstanding July 1, 2000

80033-01

xxxxxxxxxxxxxxxx

Issued

80033-02

xxxxxxxxxxxxxxx

Paid

80033-03

1,715,000.00 xxxxxxxxxxxxxxxx

Outstanding, JUNE 30, 2001

80033-04

12,779,000.00 xxxxxxxxxxxxxxxx 14,494,000.00

SFY 2001 Bond Maturities - General Capital Bonds

2001 Debt Service

14,494,000.00

14,494,000.00 80033-05

SFY 2001 Interest on Bonds *

1,710,000.00

80033-06

597,448.76

ASSESSMENT SERIAL BONDS Outstanding July 1, 2000

80033-07

xxxxxxxxxxxxxxx

Issued

80033-08

xxxxxxxxxxxxxxxx

Paid

80033-09

xxxxxxxxxxxxxxxx

Outstanding, JUNE 30, 2001

80033-10

xxxxxxxxxxxxxxxx

SFY 2001 Bond Maturities - Assessment Bonds

80033-11

SFY 2001 Interest on Bonds *

$

80033-12

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

80033-13

597,448.76

LIST OF BONDS ISSUED DURING SFY 2001 Purpose

SFY 2001 Maturity Amount Issued

Total

0.00 80033-14

31

Date of Issue

0.00 --------80033-15

Interest Rate

---------

SFY 2001

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2001 DEBT SERVICE FOR BONDS N/A TYPE I SCHOOL TERM BONDS SFY 2001 Debt Debit

Credit

Outstanding July 1, 2000

80034-01

Paid

80034-02

xxxxxxxxxxxxxxxx

Outstanding JUNE 30, 2001

80034-03

xxxxxxxxxxxxxxxx

Service

xxxxxxxxxxxxxxxx

SFY 2001 Bond Maturities - Term Bonds

80034-04

$

SFY 2001 Interest on Bonds*

80034-05

$

TYPE I SCHOOL SERIAL BOND Outstanding July 1, 2000

80034-06

xxxxxxxxxxxxxxxx

Issued

80034-07

xxxxxxxxxxxxxxxx

Paid

80034-08

xxxxxxxxxxxxxxxx

Outstanding, JUNE 30, 2001

80034-09

xxxxxxxxxxxxxxxx

SFY 2001 Interest on Bonds*

80034-10

$

SFY 2001 Bond Maturities - Serial Bonds

80034-11

$

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

80034-12

$

LIST OF BONDS ISSUED DURING SFY 2001 Purpose

Total

SFY 2001 Maturity -01 Amt Issued -02

Date of Issue

Interest Rate

80035-

SFY 2001 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY Outstanding,June 30,2001 SFY 2001 Interest

1. Emergency Notes

80036-

$

$

2. Special Emergency Notes

80037-

$

$

3. Tax Anticipation Notes

80038-

$

$

4. Interest on Unpaid State & County Taxes

80039-

$

$

5.

$

$

6.

$

$

N/A

32

DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue

Original Amount Issued

1.Purchase of furniture and equip for Municipal Bldg. Installation of Police dept communication

Original Amount of Date Date of Note of Issue * Outstanding Maturity 06/30/01

1,425,000 05/28/92

Rate of Interest

SFY 2002 Budget Requirement

For Principal For Interest

**

Interest Computed to

(insert date)

560,000 10/19/01

4.35%

24,360.00 10/19/01

2. Acquistion of Heavy Rescue Truck

375,000

5/27/94

287,500 10/19/01

4.35%

12,506.25 10/19/01

3. Acquisition of Fire Apparatus

688,750

1/27/95

576,000 10/19/01

4.35%

25,056.00 10/19/01

4. Acquisition of Fire Apparatus

392,000

3/5/96

354,000

4.44%

15,717.60

5. Various Capital Improvements

950,000

2/4/97

691,000 10/19/01

4.35%

6. Various Capital Improvements

950,000

8/5/98

950,000

4.44%

42,180.00

769,500 10/19/01

4.35%

33,473.25 10/19/01

1,140,000 10/19/01

4.35%

49,590.00 10/19/01

4.44%

13,286.70

7. Various Capital Improvements

1,068,750 10/23/98

8. Various Capital Improvements

1,140,000 10/22/99

9. Various Capital Improvements 10. Various Capital Improvements Total

299,250

08/03/01

665,000 7,953,750

10/09/01

299,250

8/3/01

8/3/01

8/3/01

665,000 10/19/01 6,292,250

56,000.00

4.35% 56,000.00 80051-01

30,058.50 10/19/01

Memo: Type 1 School Notes should be separately listed and totaled. * "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 1990 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in SFY 2000 or written intent of permanent financing submitted with statement.

(Do not crowd - add additional sheets)

33

8/3/01

8/3/01

28,927.50 10/19/01 275,155.80 80051-02

Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate at the ofrate 20%of 20% of the original amount issued annually.

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

8/3/01

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Title or Purpose of Issue

Original Amount Issued

Original Amount of Date Date of Note of Issue * Outstanding Maturity 06/30/01

Rate of Interest

SFY 2001

SFY 2001 Budget Requirement

Interest

For Principal For Interest Computed

** to (Insert Date)

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Total 80051-01

80051-02

MEMO: *See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of SFY 1997 or prior must be appropriated in full in the SFY 2002 Dedicated Assessment Budget or written intent of permanent financing submitted with statement.

(Do not crowd - add additional sheets)

** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".

34

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS pecify each authorization by purpose. Do not merely designate by a code number

SFY 2001

Balance - July 1, 2000 Funded

Various Capital Improvements-97-01

Unfunded

Balance - JUNE 30, 2001 SFY 2001 Cash from Authorizations Current Budget

Expended

Authorizations Canceled

Funded

155,660.00

Unfunded

155,660.00

Various Capital Improvements-98-9

2,685.20

2,659.92

25.28

Various Capital Improvements-99-5

30,103.09

29,906.61

196.48

Stabilization of Shabakunk Creek Milling and Overlay of Var. Streets 00-13

250,640.28 14,483.08

299,250.00

75,751.72

174,888.56

313,733.08

0.00

0.00

Various Capital Improvements 00-19

700,000.00

643,704.14

56,295.86

Various Capital Improvements 01-

600,000.00

524,633.20

75,366.80

Total

70000-

265,123.36

487,698.29

1,300,000.00

0.00

35

1,590,388.67

0.00

174,888.56

287,544.42

SFY 2001 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND Debit

Credit

Balance July 1, 2000

80031-01

xxxxxxxxxxxxxxxx

8.00

Received from SFY 2001 Budget Appropriation *

80031-02

xxxxxxxxxxxxxxxx

70,000.00

xxxxxxxxxxxxxxxx Improvement Authorizations Canceled (but only where financed in whole by the Capital Improvement Fund)

80031-03

List by Improvements - Direct Charges Made for Preliminary Costs:

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations

80031-04

65,000.00 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Balance JUNE 30, 2001

80031-05

5,008.00 xxxxxxxxxxxxxxxx 70,008.00

* The full amount of the SFY 2001 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.

36

70,008.00

SFY 2001 GENERAL CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS Debit

Credit

Balance July 1, 2000

80030-01

xxxxxxxxxxxxxxxx

Received from SFY 2001 Budget Appropriation *

80030-02

xxxxxxxxxxxxxxxx

Received from SFY 2001 Emergency Appropriation *

80030-03

xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations

80030-04

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Balance JUNE 30, 2001

80030-05

xxxxxxxxxxxxxxxx

0.00

0.00

* The full amount of the 2001 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

CAPITAL IMPROVEMENTS AUTHORIZED IN SFY 2001 AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY Amount Purpose

Total

Down Payment

Amount of Down

Appropriated Obligations

Provided by

Paymt in Budget

Authorized

Ordinance

of SFY 2001 or Prior Years

Milling and overlay of various streets Construction of Salt Dome Purchase of Public Works Equipment Purchase of Computer Equipment

Total

80032-00

900,000.00

855,000.00

45,000.00

50,000.00

40,000.00

38,000.00

2,000.00

2,000.00

276,000.00

262,200.00

13,800.00

13,800.00

84,000.00

79,800.00

4,200.00

4,200.00

1,300,000.00 1,235,000.00

65,000.00

70,000.00

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.

37

37

SFY 2001 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS SFY 2001 Debit Balance July 1, 2000

80029-01

Credit

xxxxxxxxxxxxxxxx

Premium on Sale of Notes

xxxxxxxxxxxxxxxx

Funded Improvement Authorizations Canceled

xxxxxxxxxxxxxxxx

15,782.39

Appropriated to Finance Improvement Authorizations

80029-02

xxxxxxxxxxxxxxxx

Appropriated to SFY 2001 Budget Revenue

80029-03

xxxxxxxxxxxxxxxx

Balance JUNE 30, 2001

80029-04

15,782.39 xxxxxxxxxxxxxxxx 15,782.39

15,782.39

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, 2001 2. Amount of Cash in Special Trust Fund as of JUNE 30, 2001 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in SFY 2001 4. Amount of Interest on Bonds with a Covenant - SFY 2001 Requirement 5.

Total of 3 and 4 - Gross Appropriation

6. 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 a deduction and with the amount of Item 7 extended into the SFY 2001 appropriation column.

38

38

MUNICIPALITIES ONLY IMPORTANT!!

SFY 2001

This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete (N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L. 1981)

A. 1. Total Tax Levy for the Year SFY 2001 was

$

54,281,886.59

2. Amount of Item 1 Collected in SFY 2001 (*)

$

52,164,257.86

3. Seventy (70) percent of Item 1

$

37,997,320.61

(*) Including prepayments and overpayments applied.

B. 1. Did any maturities of bonded obligations or notes fall due during the year SFY 2001 ? Answer YES or NO

YES

2. Have payments been made for all bonded obligations or notes due on or before JUNE 30, 2001? Answer YES or NO

YES

NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the SFY 2001 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for

NO

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

D. 1. Cash Deficit SFY 1999

$

2. 4% of SFY 1999 Tax Levy for all purposes: Levy -- $

=

$

3. Cash Deficit SFY 2001

$

4. 4% of SFY 2001 Tax Levy for all purposes: Levy -- $

E.

=

Unpaid

$

SFY 2000

1. State Taxes 2. County Taxes 3. Amounts due Special Districts 4. Amounts due School Districts for Local School Tax

39

SFY 2001

Total