Revised Annual Financial Statement 2006

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

POST CLOSING TRIAL BALANCE - CURRENT FUND

SFY06

AS OF JUNE 30, 2006 Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

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 Municipal Taxes Not Billed - Receivable

494,755.77 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 Deferred Charge-Special Emergency 5 Years

0.01 161,000.00

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

3,958.51

Interfund - 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

(Do Not Crowd - add additional sheets)

Sheet 3

14,763,992.68

NOTE THAT A TRIAL BALANCE IS REQUIRED ANDNOT A BALANCE SHEET

POST CLOSING TRIAL BALANCE - CURRENT FUND AND STATE AND FEDERAL GRANTS

SFY06

AS OF JUNE 30, 2006 Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Title of Account

Debit

Credit

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 (Do Not Crowd - add additional sheets)

Sheet 3a

16,609,986.84

POST CLOSING SFY06 TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 & #2* AS OF JUNE 30, 2006

Title of Account

Debit

Cash in Bank

Credit

1,534.45

Reserve for Public Assistance

1,534.45

1,534.45

1,534.45

(Do Not Crowd - add additional sheets)

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

Sheet 4

POST CLOSING SFY06 TRIAL BALANCE - FEDERAL AND STATE FUNDS AS OF JUNE 30, 2006

Title of Account

Debit

Cash

Credit

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

(Do Not Crowd - add additional sheets)

Sheet 5

1,845,994.16

POST CLOSING TRIAL BALANCE - TRUST FUNDS

SFY06

(Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

Title of Account

Debit

Credit

Dedicated Construction Trust (Fund 71) Cash in Bank

563,557.17

Reserve for Encumbrances

39,699.45

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

Reserve for Encumbrances

23,567.78

Due to Current Fund

0.00

Reserve for: Worker's Compensation

8,524.16

Self Insurance

261,535.70 293,627.64

293,627.64

Animal Control Trust (Fund 74) Cash in Bank

10,449.48

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

Due to Current Fund

0.01

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 (Do Not Crowd - add additional sheets)

Sheet 6 (1 of 3)

266,288.92

POST CLOSING SFY06 TRIAL BALANCE - TRUST FUNDS (Continued 2 of 3) (Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

Title of Account

Debit

Credit

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 Encumbrances

19,243.57

Due to Current Fund

75.75

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

680.16

Patriotic 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 Encumbrances

16,618.73

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

(Do Not Crowd - add additional sheets)

Sheet 6 (2 of 3)

103,949.60

POST CLOSING SFY06 TRIAL BALANCE - TRUST FUNDS (Continued 3 of 3) (Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

Title of Account

Debit

Credit

Performance Inspection Escrow (Fund 82) Cash

1,413,176.31

Due To Current Fund

0.00

Due to Capital Fund Reserve for Performance/ Inspection

5,000.00 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 Current Fund

693.28

Due to Other Trust

1,000.00

Reserve for Police Off Duty Employment

12,970.00 14,663.28

(Do Not Crowd - add additional sheets)

Sheet 6 (3 of 3)

14,663.28

SFY 2006

Schedule of Trust Fund Reserves

Amount Purpose

Fund

Receipts

Disbursements

June 30, 2005

Balance at June 30, 2006

per Audit Report Planning Trust

71

Zoning Trust

71

Uniform Construction Code

71

16,107.69 -

37,261.00

29,687.08

23,681.61

133,230.00

132,883.85

346.15

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 Affordable Housing Development Fees

72 73

132,621.22 427,927.80

238,954.91 28,847.78

110,040.43 -

261,535.70 456,775.58

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

Community Fest Ewing Community Center Trust

73 73

6,325.00 10,838.14

64,184.00 169,580.19

42,900.00 153,773.59

27,609.00 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 National Night Out Program

73 73

370.29

200.00 1,981.66

2,351.95

200.00 -

Parking Adjudication

73

2,655.11

1,298.00

990.00

2,963.11

Patriotic Committee

73

Scoreboard Donation Talent Show Program

73 73

40.00 1,237.89

7,324.90

4,188.68

40.00 4,374.11

Animal Control Trust Tax Collector's Trust

74 75

8,120.38 1,040,638.42

14,776.15 1,941,163.77

16,169.95 2,711,389.23

6,726.58 270,412.96

Recreation Developer's Escrow Review

78 81

7,960.80 92,025.31

96,589.02 187,115.15

96,152.95 175,190.86

8,396.87 103,949.60

Developer's Escrow Performance and Inspection

82

1,632,578.24

463,178.40

682,580.33

1,413,176.31

Public Assistance Trust Police Off Duty Employment

83 85

1,534.45 5,811.00

363,750.34

356,591.34

1,534.45 12,970.00

4,082,609.47

5,518,792.28

6,442,708.71

3,158,693.04

Total to Sheet 17

-

-

14,450.84

846.48

(Do not crowd - add additional sheets)

Sheet 6b

-

-

14,450.84

846.48

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS Title of Liability to which

Audit

SFY06

RECEIPTS

Sheet 7

Cash and Investments

Balance

Assessments

Current

Adjustments

Additions Disbursements

Balance

are Pledged

06/30/05

and Liens

Budget

Assessment Serial Bond Issues:

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

Assessment Bond Anticipation Note Issues:

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

06/30/06

-

-

Other Liabilities

-

Reserve for Assessments and Liens

-

Trust Surplus

-

*Less Assets "Unfinanced"

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

Due to Current Fund

-

*Show as red figure

xxxxxxxxxx

-

-

-

-

-

-

POST CLOSING

SFY06

TRIAL BALANCE - GENERAL CAPITAL FUND AS OF JUNE 30, 2006

Title of Account

Debit

Cash in Bank

Credit

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 Unfunded Unfunded Overexpended Approp

27,031,424.62 0.00 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 Encumbrances

160,392.88

Reserve for Debt Service

23,255.54

Capital Improvement Fund Improvement Authorizations - Funded

25,000.00 1,815,603.72

Improvement Authorizations - Unfunded

0.00

Fund Balance

109,039.03

29,331,589.82 (Do not crowd - add additional sheets)

Sheet 8

29,331,589.82

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

SFY06

LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT" Current Commerce

A/C # 5426106

10,010,403.71

Clerk Commerce

A/C # 5424130

9,439.29 10,019,843.00

State 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

A/C # 7861728744

563,557.17

A/C # 4945648

169,161.38

Dedicated Construction Trust Commerce Self Insurance Trust Yardville National Bank 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

National Night Out Subaccount

Commerce Escrow

A/C # 7760080056

69,051.73

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 26,613.53

Escrow Review Fees Bank of America

A/C # 0999082930

148,995.41

A/C # 0999082922

1,439,327.51

A/C # 7857152974

1,534.45

A/C # 7760104375

14,663.28

Performance and Inspection Trust Bank of America Public Assistance Trust - I Commerce Police Off Duty Employment Commerce

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 each allocated fund.

Sheet 9 a

SFY06

MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE

Grant

Sheet 10

Animal Shelter Grant Balanced Housing UJIMA Body Armor Replacement Fund (State) CDBG - Year 1 Clean Communities Grant Click it or ticket Cops in Shops DEP Livable Communities Grant Domestic Preparedness NJDLPS Homeland Security Domestic Violence DOT Liveable Communities DOT Safe Streets to Schools Drunk Driving Enforcement Fund DVRPC Natural Resouce Inventory & Conservation Element Grant Emergency Mgt Canine Initiative Grant Enhanced 911 Grant Hazardous Waste Discharge Justice Assistance Grant Local Law Enforcement Block Grant Mercer County Neighborhood Revitalization Municipal Alliance Grant NJ Manufacturers EMS Grant NJ Storm Water Regulation Grant NJ Transit Train Station Grant NJ Transportation Trust OEM CERT Grant Public Health Priority Funding Recreation for People with Disabilities Recycling Tonage Grant Safe and Secure Safe Schools and Communities Program Small Cities Senior Center Small Cities Ujima Smart Future Planning Grant (Master Plan) Sprint OEM Grant Tobacco Age of Sale Enforcement Treasury Grant Fire Truck U Drink U Drive U Lose Vest Partnership Program Totals

Balance JUNE 30, 2005 175,500.00 4,955.61 2,314.27 78,642.82 2,500.00 88,637.74 22,352.75 3,000.00 81,210.00 2,000.00 90,000.00 25,570.00 20,619.00 200,000.00 3,813.61 60,000.00 40,000.00 400,000.00 322,315.00 70,000.00 6,294.00 1,699,724.80

2006 Budget Revenue Realized

7,137.12 228,433.00 8,261.44 3,850.88 95,000.00 -

2,876.84

Additions 2006 Budget Appropriation Match By 40A:4-87

33,733.38 5,464.62 -

-

34,080.00 69,725.00 7,545.00 1,000.00 -

-

-

9,999.00

1,200.00 10,091.00

20,520.22 -

-

44,064.00 3,420.00 210,000.00 978.12 669,620.62

120,214.00

7,545.00

Total Additions 7,137.12 228,433.00 41,994.82 3,850.88 5,464.62 95,000.00 2,876.84 34,080.00 69,725.00 7,545.00 1,000.00 1,200.00 20,090.00 20,520.22 44,064.00 3,420.00 210,000.00 978.12 797,379.62

Deletions & Cancelations

Receipts

Interfund Receipts Owed

-

78,642.82

-

7,137.12 121,363.19 41,994.82 3,850.88 7,778.89 95,000.00 -

2,876.84

-

-

73,868.82 34,080.00

-

-

13,955.04 -

92,597.86

69,725.00 7,545.00 75,921.34 17,705.00 1,000.00 15,464.00 89,100.00 1,200.00 20,090.00 3,813.61 20,520.22 60,000.00 20,000.00 200,035.00 40,000.00 30,108.96 3,420.00 210,000.00 978.12 1,274,576.81

-

20,000.00

-

20,000.00

Balance JUNE 30, 2006 0.00 175,500.00 0.00 112,025.42 0.00 0.00 (0.00) 0.00 0.00 2,500.00 88,637.74 22,352.75 0.00 3,000.00 7,341.18 0.00 2,000.00 0.00 0.00 14,078.66 7,865.00 0.00 5,155.00 0.00 110,900.00 0.00 0.00 0.00 0.00 0.00 0.00 400,000.00 122,280.00 30,000.00 0.00 0.00 0.00 0.00 6,294.00 1,109,929.75

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

SFY06

Additions Grant

Sheet 11

All Hazards Planning Grant (SLAEHOP) Animal Shelter Grant Balanced Housing UJIMA Body Armor Replacement Fund (State) CDBG - Year 1 Clean Communities Grant Click it or Ticket Cops in Shops DEP Liveable Communities Domestic Preparedness NJDLPS Homeland Security Domestic Violence DOT Liveable Communities DOT Safe Streets to Schools Drunk Driving Enforcement Fund DVRPC Natural Resouce Inventory & Conservation Element Grant Emergency Management Assistance Emergency Mgt Canine Initiative Grant Enhanced 911 Grant FEMA Hazard Mitigation GM Site Survey Hazardous Waste Discharge Hollowbrook Community Center Grant Justice Assistance Grant Legislative Grant for Hollowbrook Ctr Local Law Enforcement Block Grant Mercer County Neighborhood Revitalization Municipal Alliance Grant NJ Manufacturers EMS Grant NJ Storm Water Regulation Grant NJ Transportation Trust OEM CERT Trailer Grant Public Health Priority Funding Recycling Tonnage Grant Safe Schools and Communities Program Small Cities Senior Center Small Cities Ujima Smart Future Planning Grant (Master Plan) Sorce Gift (1445 lower Ferry Road LLC Gift) Sprint OEM Grant Tobacco Age of Sale Enforcement Treasury Grant Fire Truck U Drink U Drive U Lose Vest Partnership Program Totals

Balance JUNE 30, 2005 2,405.72 14,324.95 175,500.00 9,921.58 (600.00) 60,462.43 4,807.32 2,314.27 8,237.90 77,660.44 2,961.48 122,544.00 (3,358.51) 29,984.13 3,000.00 1,124.75 5,402.42 68,441.10 7,884.75 53,662.01 50,000.00 119.76 8,838.00 51,187.31 102.07 20,619.00 135,008.65 26,209.12 41,135.00 222,316.17 500,000.00 25,350.00 668.48 1,859.00 3,182.93 1,733,276.23

Prior Year Adjustments

2006 Budget 2006 Unappropriate Revenue Appropriation d Reserves Realized By 40A:4-87 Appropriated 7,137.12 229,033.00 33,733.38 8,261.44 3,850.88 5,464.62 95,000.00 3,358.51 2,876.84 34,080.00 69,725.00 1,000.00 1,200.00 10,091.00 9,999.00 20,520.22 100,000.00 (100,000.00) 44,064.00 3,420.00 210,000.00 978.12 397,834.69 120,214.00 275,744.44

Budget Match

Total Additions

7,545.00 7,545.00

7,137.12 229,033.00 41,994.82 3,850.88 5,464.62 95,000.00 3,358.51 2,876.84 34,080.00 69,725.00 7,545.00 1,000.00 1,200.00 20,090.00 20,520.22 44,064.00 3,420.00 210,000.00 978.12 801,338.13

Deletions & Expended/ Cancelations Encumbered (300.00) (180.00) 14,713.64 (3,714.89) (1,938.76) (2,707.50) (600.00) (20,300.13) (5,240.66) (12,971.35) 757.76 668.48 13,955.04 (17,858.37)

14,324.95 4,659.80 44,600.58 5,813.32 8,658.20 7,778.89 21,161.30 62,946.80 1,090.25 41,920.22 12,302.95 1,106.24 6,605.26 34,080.00 62,167.00 31,315.69 119,595.00 14,760.41 20,520.22 41,135.00 270,783.88 11,500.00 3,594.40 468.95 978.12 137.00 844,004.43

Reserve 06/30/2006 2,405.72 175,500.00 12,398.90 184,132.42 96,823.93 82,076.60 1,871.23 80,623.78 3,714.89 20,558.02 3,000.00 18.51 735.92 71,148.60 8,484.75 53,662.01 8,133.13 69,725.00 119.76 7,545.00 14,078.66 19,871.62 1,102.07 20,619.00 28,385.00 1,200.00 31,538.71 50,774.53 400,000.00 13,850.00 (0.00) 26,514.56 4,810.05 210,000.00 3,045.93 1,708,468.30

SFY06

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2006 Grant

Balance June 30, 2005

Received

Budget Appropriations Budget

Appropriation

Interfund Receipts Owed

Balance June 30, 2006

By 40A:4-87 Clean Communities Grant

Sheet 12

8,261.44

(8,261.44)

(33,733.38)

NJ Transit Train Station Grant

160,000.00

(160,000.00)

Public Health Priority Funding

448.00

(9,999.00)

Sprint OEM Grant

44,064.00

(44,064.00)

0.00

TCNJ Fire Truck Contribution Grant

50,000.00

(50,000.00)

0.00

-

Tobacco Age of Sale Enforcement

2,220.00

(3,420.00)

1,200.00

-

0.00 (10,091.00)

33,733.38

-

0.00

-

19,642.00

-

-

Justice Assistance Grant

(69,725.00)

69,725.00

-

OEM CERT Trailer Grant

(1,200.00)

1,200.00

-

Cops in Shops

(5,464.62)

5,464.62

-

TOTALS

264,993.44

(275,744.44)

(120,214.00)

0.00

130,965.00

-

-

-

SFY06

*LOCAL DISTRICT SCHOOL TAX

Debit Balance JULY 1, 2005

Credit

xxxxxxxxxx

School Tax Payable#

xxxxxxxxxx

85001-00

School Tax Deferred

3,500,000.00 xxxxxxxxxx

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

-

85002-00

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

xxxxxxxxxx

Levy Calendar Year

xxxxxxxxxx

Paid

46,712,150.00

xxxxxxxxxx

Balance JUNE 30, 2006

xxxxxxxxxx

xxxxxxxxxx

School Tax Payable #

85003-00

School Tax Deferred (Not in excess of 50% of Levy - 2005-2006)

43,212,150.00

-

xxxxxxxxxx

-

xxxxxxxxxx

85004-00

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

46,712,150.00

46,712,150.00

# Must include unpaid requisitions

MUNICIPAL OPEN SPACE TAX

N/A

Debit

Credit

Balance JULY 1, 2005

85045-00

xxxxxxxxxx

-

2006 Levy

81105-00

xxxxxxxxxx

-

xxxxxxxxxx

-

Interest Earned Expenditures Balance JUNE 30, 2006

85046-00

Sheet 13

-

xxxxxxxxxx

-

xxxxxxxxxx -

SFY06

* REGIONAL SCHOOL TAX

N/A

(Provide a separate statement for each Regional District involved) Debit Balance JULY 1, 2005

Credit

xxxxxxxxxx

xxxxxxxxxx

85031-00

xxxxxxxxxx

-

85032-00

xxxxxxxxxx

-

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

xxxxxxxxxx

-

Levy Calendar Year

xxxxxxxxxx

-

-

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

-

xxxxxxxxxx

-

xxxxxxxxxx

-

-

-

-

School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2004-2005)

Paid Balance JUNE 30, 2006 School Tax Payable #

85033-00

School Tax Deferred (Not in excess of 50% of Levy - 2005-2006)

85034-00

#Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAX

N/A

Debit Balance July 1, 2004

Credit

xxxxxxxxxx

xxxxxxxxxx

85021-00

xxxxxxxxxx

-

85022-00

xxxxxxxxxx

-

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

xxxxxxxxxx

-

Levy Calendar Year

xxxxxxxxxx

-

-

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

85023-00

-

xxxxxxxxxx

85024-00

-

xxxxxxxxxx

-

-

School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2004-2005)

Paid Balance JUNE 30, 2006 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2005-2006) # Must include unpaid requisitions

Sheet 14

SFY06

COUNTY TAXES PAYABLE

Debit Balance JULY 1, 2005

Credit

xxxxxxxxxx

County Taxes

xxxxxxxxxx

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

14,431,636.52

County 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

Balance JUNE 30, 2006

xxxxxxxxxx

xxxxxxxxxx xxxxxxxxxx

County Taxes Payable (Prepaid)

-

xxxxxxxxxx

Due County for Added and Omitted Taxes

-

xxxxxxxxxx

16,673,707.26

SPECIAL DISTRICT TAXES

N/A

Debit Balance JULY 1, 2005

80003-06

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

16,673,707.26

Credit

xxxxxxxxxx

-

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

-

SFY06

STATE LIBRARY AID

N/A

RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit

Credit

Balance JULY 1, 2005

80004-01

xxxxxxxxxx

-

State Library Aid Received

80004-02

xxxxxxxxxx

-

Expended

80004-09

Balance JUNE 30, 2006

-

80004-10

xxxxxxxxxx

-

-

-

-

-

-

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

Debit

Credit

Balance JULY 1, 2005

80004-03

xxxxxxxxxx

-

State Library Aid Received

80004-04

xxxxxxxxxx

-

Expended

80004-11

Balance JUNE 30, 2006

-

80004-12

xxxxxxxxxx

-

-

-

-

-

-

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

-

Expended

80004-13

Balance JUNE 30, 2006

-

80004-14

xxxxxxxxxx

-

-

-

-

-

-

RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID

Debit

Credit

Balance July 1, 2004

80004-07

xxxxxxxxxx

-

State Library Aid Received

80004-08

xxxxxxxxxx

-

Expended

80004-15

Balance JUNE 30, 2006

80004-16

Sheet 16

-

xxxxxxxxxx

-

-

-

-

-

-

SFY 2006 STATEMENT OF GENERAL BUDGET REVENUES SFY 2006 Source

Surplus Anticipated

80101-

Budget

Realized

Excess or Deficit*

-01

-02

-03

-

-

-

Surplus Anticipated with Prior Written Consent of Director of Local Government

80102-

513,625.00

513,625.00

xxxxxxxxxxxxx

xxxxxxxxxxxxx

Adopted Budget

29,810,044.08

30,129,953.81

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

xxxxxxxxxxxxx

xxxxxxxxxxxxx

120,214.00

120,214.00

29,930,258.08

30,250,167.81

319,909.73

70,000.00

195,270.80

125,270.80

xxxxxxxxxxxxx

xxxxxxxxxxxxx

xxxxxxxxxxxxx

12,534,755.66

xxxxxxxxxxxxx

xxxxxxxxxxxxx

xxxxxxxxxxxxx

xxxxxxxxxxxxx

Miscellaneous Revenue Anticipated:

Chapter 159 Total Miscellaneous Revenue Anticipated

80103-

Receipts from Delinquent Taxes Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes

80105-

(b) Addition to Local District School Tax

80106-

Total Amount to be Raised by Taxation

80107-

-

xxxxxxxxxxxxx 319,909.73 xxxxxxxxxxxxx -

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

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

80108-00

Amount to be Raised by Taxation Local District School Tax

80109-00

Vocational School District

Credit

xxxxxxxxxxxxx

73,076,787.77

xxxxxxxxxxxxx

xxxxxxxxxxxxx

43,212,150.00

xxxxxxxxxxxxx

-

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

Reserve for Uncollected Taxes

80114-00

Adjustments

xxxxxxxxxxxxx

xxxxxxxxxxxxx 283,243.24

549,465.56 80115-00

-

Balance for Support of Municipal Budget (or)

80117-00

12,924,708.19

*Deficit Non-Budget Revenue (see footnote)

80118-00

xxxxxxxxxxxxx 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.

Sheet 17

xxxxxxxxxxxxx

73,360,031.01

SFY 2006

STATEMENT OF GENERAL BUDGET REVENUES 2006 (Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87 Source

Budget

Realized

Excess or Deficit

Clean Communities Grant

33,733.38

33,733.38

-

5,464.62

5,464.62

-

69,725.00

69,725.00

-

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

-

Cops in Shops Justice Assistance Grant OEM CERT Grant

(Do not crowd - add additional sheets)

Sheet 17 a

SFY 2006 STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2005

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

43,048,638.74

Appropriated for SFY 2006 by Emergency Appropriation (Budget Statement Item 9)

80012-04

Total General Appropriations (Budget Statement Item 9)

80012-05

Add: Overexpenditures (see footnote)

80012-07 43,048,638.74

43,048,638.74

80012-06

Total Appropriations and Overexpenditures 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

Unexpended Balances Canceled (see footnote)

80012-12

43,048,638.74 -

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 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

Sheet 18

N/A

RESULTS OF SFY 2006 OPERATIONS

SFY 2006

CURRENT FUND

Excess of anticipated Revenues:

Debit

Credit

xxxxxxxxxxxxx

xxxxxxxxxxxxx

Miscellaneous Revenues anticipated

80013-01

xxxxxxxxxxxxx

494,678.31

Delinquent Tax Collections

80013-02

xxxxxxxxxxxxx

125,270.80

Uniform Fire Safety Rebate

xxxxxxxxxxxxx

Required Collection of Current Taxes

80013-03

xxxxxxxxxxxxx

389,952.53

xxxxxxxxxxxxx

-

Unexpended Balances of SFY 2006 Budget Approp

80013-04

xxxxxxxxxxxxx

Miscellaneous Revenue Not Anticipated

81113-

xxxxxxxxxxxxx

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

8111481114-

xxxxxxxxxxxxx xxxxxxxxxxxxx

-

Payments in Lieu of Taxes on Real Property

81120-

xxxxxxxxxxxxx

-

Close Debt Service Appropriations Unexpended

xxxxxxxxxxxxx

TAN Proceeds

xxxxxxxxxxxxx

68,860.05 14,490.91 -

Unexpended Balances of SFY 2005 Approp. Res

80013-05

xxxxxxxxxxxxx

514,269.07

Prior Years Intefunds Returned in SFY 2006

80013-06

xxxxxxxxxxxxx

261,067.31

20,000.00

xxxxxxxxxxxxx

xxxxxxxxxxxxx

xxxxxxxxxxxxx

Prior Year Adjustments Deferred School Tax Revenue: (see School Taxes, Sheets 13 & 14) Balance JULY 1, 2005

80013-07

Balance JUNE 30, 2006

80013-08

Deficit in Anticipated Revenues:

xxxxxxxxxxxxx xxxxxxxxxxxxx

Miscellaneous Revenues Anticipated

80013-09

Garden State Trust Other Revenues Anticipated

xxxxxxxxxxxxx xxxxxxxxxxxxx

-

xxxxxxxxxxxxx

86.46

xxxxxxxxxxxxx

174,682.12

xxxxxxxxxxxxx

Delinquent Tax Collections

80013-10

-

xxxxxxxxxxxxx

Required Collection of Current Taxes

80013-11

-

xxxxxxxxxxxxx

Interfund Advances Originating in SFY 2006

80013-12

Lawsuit Settlements Closed to Operations Tax Appeals Closed to Operations

261,067.31

xxxxxxxxxxxxx

5,000.00

xxxxxxxxxxxxx

-

xxxxxxxxxxxxx

Deficit Balance - To Trial Balance (sheet 3)

80013-13

xxxxxxxxxxxxx

Surplus Balance - To Surplus (Sheet 21)

80013-14

1,407,753.09

xxxxxxxxxxxxx

1,868,588.98

1,868,588.98

Sheet 19

-

SFY 2006 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED 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

(Do not crowd - add additional sheets)

Sheet 20

SURPLUS - CURRENT FUND SFY 2006

SFY06

Debit 1. Balance JULY 1, 2005

80014-01

2.

Credit

xxxxxxxxxx xxxxxxxxxx

3. Excess Resulting from SFY 2006 Operations

80014-02

4. Amount Appropriated in SFY 2006 Budget-Cash

80014-03

5. Amount Appropriated in SFY 2006 Budget - with Prior

80014-04

xxxxxxxxxx 513,625.00

2,337,160.75 1,407,753.09 xxxxxxxxxx xxxxxxxxxx

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

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

*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. (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.

Sheet 21

SFY06

(FOR MUNICIPALITIES ONLY)

CURRENT TAXES - 2006 LEVY 1. Amount of Levy as per Duplicate (Analysis) # or (Abstract of Ratables)

82101-00 82113-00

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

17,437.79

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

82104-00

375,130.32

5a. Sub-total 2006 Levy 5b. Reductions due to tax appeals ** 5c. Total 2006 Tax Levy

82106-00

72,363,629.38 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

9. Discount Allowed

82110-00

10. Collected in Cash: In 2005 In 2006* REAP Revenue State's Share of 2006 Senior Citizens and Veterans Deductions Allowed Total To Line 14

71,971,061.27

-

(845,010.19) -

82121-00 82122-00

77,793.43 72,504,238.57

82123-00

494,755.77 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 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals

73,076,787.77 -

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 include Senior 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

SFY 2006

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2005 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997.

(1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22)

$

73,076,787.77

Less: Proceeds from Accelerated Tax Sale

$

380,817.23

$

72,695,970.54

$

72,363,629.38

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

100.46%

N/A (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

%

Sheet 22 a

SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

1.Balance July 1, 2004 Due From State of New Jersey

SFY06

Debit

Credit

xxxxxxxxxx

xxxxxxxxxx

513,625.00

Due To State of New Jersey

xxxxxxxxxx

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.

-

7. Sr. Citizens Deductions Disallowed By Tax Collector

xxxxxxxxxx

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

xxxxxxxxxx

9. Received in Cash from State

xxxxxxxxxx

10.

xxxxxxxxxx 7,994.23 513,625.00 -

11.

-

12. Balance JUNE 30, 2006

xxxxxxxxxx

Due From State of New Jersey

xxxxxxxxxx

Due To State of New Jersey

1,016,375.00

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

Line 2

110,250.00

Line 3

389,000.00

Line 4, 5, & 6 Sub-Total Less: Line 7 To Item 10, Sheet 22

3,500.00 502,750.00 7,994.23 494,755.77

Sheet 23

xxxxxxxxxx 494,755.77 xxxxxxxxxx 1,016,375.00

COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN SFY 2006 MUNICIPAL BUDGET

SFY06

SFY 2006

SFY 2006

1. Total General Appropriations for SFY 2006 Municipal Budget Statement Item 8 (L) 80015-

42,456,182.41 xxxxxxxxxxxxxxxx

Billing 7/1 - 12/31

80016-

23,856,072.00

Billing 1/1 - 6/30**

80017-

22,856,078.00 xxxxxxxxxxxxxxxx

(Exclusive of Reserve for Uncollected Taxes) 2. Local District School Tax-School Budget

3. Vocational School Tax

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

6. County Tax

7. Special District Taxes

xxxxxxxxxxxxxxxx

Billing 7/1 - 12/31

80018-

Billing 1/1 - 6/30*

80019-

Billing 7/1 - 12/31

80020-

8,605,631.26

Billing 1/1 - 6/30*

80021-

8,605,631.26 xxxxxxxxxxxxxxxx

Billing 7/1 - 12/31

80022-

Billing 1/1 - 6/30*

80023-

8. Total General Appropriations & Other Taxes 9. Less: Total Anticipated Revenues from SFY 2006 in Municipal Budget (Item 5)

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

80024-01

106,379,594.93

80024-02

29,807,669.29

10. Cash Required from SFY 2006 Taxes to Support Local Municipal Budget & 80024-03

76,571,925.64

99.60% [820024-04]

76,879,443.42

Other Taxes 11. Amount of Item 10 Divided by

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

46,712,150.00

(Amount Shown on Line 2 Above)

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

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)

17,211,262.52

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

Tax in Local Municipal Budget

12,956,030.90

Total Amount (see Line 11)

76,879,443.42 307,517.77 Note: The amount

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

80024-06

of anticipated

42,456,182.41 revenues (Item 9)

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

307,517.77 may never

Item 12 - Appropriation: Reserve for Uncollected Taxes

42,763,700.18 exceed the total

Sub-Total

29,807,669.29 of Items 1 & 12.

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

** Must be stated in the amount of the proposed 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 to calendar year calculation.

80024-07

Sheet 25

12,956,030.90

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

SFY 2006

DEBIT

1. Balance July 1, 2005

CREDIT

492,822.96

xxxxxxxxxx

A. Taxes

83102-00

162,863.25 xxxxxxxxxx

xxxxxxxxxx

B. Tax Title Liens

83103-00

329,959.71 xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

2. Canceled: A. Taxes

83105-00

xxxxxxxxxx

B. Tax Title Liens

83106-00

xxxxxxxxxx

-

xxxxxxxxxx

xxxxxxxxxx

3. Transferred to Foreclosed Tax Title Liens:

320,804.94

A. Taxes

83108-00

xxxxxxxxxx

-

B. Tax Title Liens

83109-00

xxxxxxxxxx

-

4. Added Taxes

83110-00

5. Added Tax Title Liens

83111-00

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

317,484.75

xxxxxxxxxx

-

xxxxxxxxxx

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

8. Totals

810,307.71

9. Balance Brought Down

489,502.77

10. Collected

xxxxxxxxxx

489,502.77 810,307.71 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

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

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

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 2006 .

39.34% $

168,685.23 83125-00

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

Sheet 26

and represents the

621,354.57

SCHEDULE OF FORECLOSED PROPERTY

SFY 2006

(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION) Debit

1. Balance July 1, 2005

84101-00

2. Foreclosed or Deeded in SFY 2006

Credit

965,600.00

xxxxxxxxxxxxx

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

6.

Adjustment to Assessed Valuation

84106-00

7.

Adjustment to Assessed Valuation

84107-00

8. Sales

xxxxxxxxxxxxx -

xxxxxxxxxxxxx

xxxxxxxxxxxxx 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

14. Balance June 30, 2006

84114-00

-

xxxxxxxxxxxxx

xxxxxxxxxxxxx

965,600.00

965,600.00

965,600.00 N/A

CONTRACT SALES 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

MORTGAGE SALES 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 Realized in SFY 2006 Budget To Results of Operation (Sheet 19)

-

$ (84125-00)

Sheet 27

-

SFY 2006

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 JUNE 30, 2005 per Audit Report

Amount in SFY 2006 Budget

2,609,609.56

2,609,609.56

Amount Resulting from SFY 2006

Balance as at JUNE 30, 2006

1. Emergency Authorization Municipal*

-

-

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

-

-

3,958.51

3,958.51

-

-

-

-

10. Overexpenditure of Grant Programs 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. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN

N/A

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

N/A Appropriated for

In favor of

On Account of

Date Entered

Amount

in Budget of SFY 2007

1. 2. 3. 4.

Sheet 28

SFY 2005 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

Date

Not Less Than REDUCED IN SFY 2005 Amount 1/3 of Amount Balance By SFY 2005 Canceled Balance Authorized Authorized * June 30,2004 Budget by Resolution June 30, 2005

Purpose

N/A

Sheet 30 Totals

-

-

80027-00

-

-

80028-00

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, 2006" must be entered here and then raised in th SFY 2006 budget

-

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR BONDS

SFY 2006

(MUNICIPAL) GENERAL CAPITAL BONDS

Debit

2007 Debt Service

Credit

Outstanding July 1, 2005

80033-01

xxxxxxxxxxxxx

16,274,000.00

Issued

80033-02

xxxxxxxxxxxxx

9,100,000.00

Paid

80033-03

Outstanding, JUNE 30, 2006

80033-04

SFY 2007 Bond Maturities-General Capital Bonds

2,315,000.00 xxxxxxxxxxxxx

23,059,000.00

xxxxxxxxxxxxx

25,374,000.00

25,374,000.00

-

SFY 2007 Interest on Bonds*

80033-06

80033-05

2,420,000.00

969,076.68

ASSESSMENT SERIAL BONDS Outstanding July 1, 2005

80033-07

xxxxxxxxxxxxx

-

Issued

80033-08

xxxxxxxxxxxxx

-

Paid

80033-09

Outstanding, JUNE 30, 2006

80033-10

-

xxxxxxxxxxxxx

-

-

-

-

-

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

LIST OF BONDS ISSUED DURING SFY 2006 SFY 2007 Amount Issued Date of Issue Maturity

Purpose General Improvement Bonds

Total

969,076.68 N/A Interest Rate

-

9,100,000.00

01/01/06

4.00%

-

9,100,000.00

---------

---------

80033-14

Sheet 31

80033-15

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR LOANS

SFY 2006

(MUNICIPAL) GREEN ACRES LOAN

Debit

2007 Debt Service

Credit

Outstanding July 1, 2005

80033-01

xxxxxxxxxxxxx

Issued

80033-02

xxxxxxxxxxxxx

Paid

80033-03

Outstanding, JUNE 30, 2006

80033-04

849,401.84 -

96,145.60 xxxxxxxxxxxxx

753,256.24

xxxxxxxxxxxxx

849,401.84

849,401.84

SFY 2007 Green Acres Loan Maturities

80033-05

SFY 2007 Interest on Green Acres Loan

80033-06

Total SFY 2007 Debt Service for Green Acres Loan

98,078.13

14,577.16 80033-13

112,655.29

(MUNICIPAL) INFRASTRUCTURE LOAN Outstanding July 1, 2005

80033-07

xxxxxxxxxxxxx

Issued

80033-08

xxxxxxxxxxxxx

Paid

80033-09

192,967.01

Outstanding, JUNE 30, 2006

80033-10

3,412,135.39 xxxxxxxxxxxxx

-

-

-

-

3,219,168.38

xxxxxxxxxxxxx

3,412,135.39

3,412,135.39

SFY 2007 Infrastructure Loan Maturities

80033-05

SFY 2007 Interest on Infrastructure Loan

80033-06

Total SFY 2007 Debt Service for Infrastructure Loan

69,226.31 80033-13

LIST OF LOANS ISSUED DURING SFY 2006 SFY 2007 Amount Issued Date of Issue Maturity

Purpose

198,501.08 267,727.39

Interest Rate

N/A

Total

80033-14

Sheet 31 a

80033-15

---------

---------

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR BONDS

SFY 2006 N/A

TYPE I SCHOOL TERM BONDS SFY 2007 Debt Debit

Credit

Outstanding July 1, 2005

80034-01 xxxxxxxxxxxxx

Paid

80034-02

-

-

xxxxxxxxxxxxx

Outstanding JUNE 30, 2006

80034-03

Service

-

-

xxxxxxxxxxxxx

-

-

SFY 2007 Bond Maturities-Term Bonds

80034-04

$

SFY 2007 Interest on Bonds*

80034-05

$ N/A

TYPE I SCHOOL SERIAL BOND Outstanding July 1, 2005

80034-06 xxxxxxxxxxxxx

-

Issued

80034-07 xxxxxxxxxxxxx

-

Paid

80034-08

Outstanding, JUNE 30, 2006

-

80034-09

xxxxxxxxxxxxx

-

-

-

-

-

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

SFY 2007 Maturity -01

Date of Issue

Purpose

Total

Amt Issued -02

Interest Rate

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-

4. Interest on Unpaid State & County Taxes

80039-

$8,058,000.00

$206,338.52

$

$

5.

$

$

6.

$

$

Sheet 32

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

Original

Original

Amount of

Date

Rate

of Issue

Amount

Date of

Note

of

of

Issued

Issue *

Outstanding

Maturity

Interest

SFY 2006

SFY 2007 Budget Requirement

For Principal

For Interest

Computed to

**

(insert

06/30/06

Sheet 33 Total

-

Interest

date)

0

0.00%

0.00

0

0.00%

0.00

0

0.00%

0.00

0

0.00%

0.00

-

80051-01

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 of 20% of the original amount issued annually. 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 2004 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in SFY 2007 or written intent of permanent financing submitted with statement. ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Title or Purpose

Original

Original

Amount of

Date

Rate

of Issue

Amount

Date of

Note

of

of

Issued

Issue *

Outstanding

Maturity

Interest

SFY 2006 SFY 2007 Budget Requirement

Interest

For Principal

Computed

For Interest **

06/30/06 1.

to (Insert Date)

N/A

2. 3. 4. 5. 6. Sheet 34

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 2003 or prior must be appropriated in full in the SFY 2007 Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement. ** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". (Do not crowd - add additional sheets)

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS

Balance July 1, 2005

Balance - JUNE 30, 2006

Specify each authorization by purpose. Do not merely designate by a code number

SFY 2006

Funded

Unfunded

SFY 2006

Expended/

Authorizations

Authorizations

Encumbered

Canceled

Sheet 35

-

-

145,590.02

-

Stabilization of Shabakunk Creek-99-10

262,745.10

-

77.25

262,667.85

-

Various Capital Improvements-01-28

573,827.43

-

73,827.43

500,000.00

-

(9,930.10) 106,386.88

295,931.51

-

-

506,155.15

95,580.12

-

-

7,079.57

10,435.33

-

Various Capital Improvements-04-14 Various Capital Improvements-05-19

9,543.98 462,318.39 17,514.90

601,735.27 -

(19,474.08) (60,000.00)

-

Unfunded

Various Capital Improvements-97-01

Primrose Road Improvements-02-25 Various Capital Improvements-04-02

(145,590.02)

Funded

Various Capital Improvements-05-28

1,817,052.07

1,476,202.39

340,849.68

-

Various Capital Improvements-05-29

126,450.00

49,322.80

77,127.20

-

Reappropriation of Capital Improvements-06-22

233,012.03

Total

70000-

999,677.45

1,073,597.64

1,951,450.00

233,012.03 2,209,121.37

-

1,815,603.72

-

SFY 2006 GENERAL CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit

Credit

Balance July 1, 2005

80031-01

xxxxxxxxxxxxxxxx

Received from SFY 2006 Budget Appropriation *

80031-02

xxxxxxxxxxxxxxxx

Received from Performance/Inspectin Escrow

238,355.00

xxxxxxxxxxxxxxxx

-

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

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

Sheet 36

238,355.00

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

Received from SFY 2006 Emergency Appropriation*

80030-03

xxxxxxxxxxxxxxxx -

Appropriated to Finance Improvement Authorizations

217,700.00 -

217,700.00 xxxxxxxxxxxxxxxx

80030-04

Balance JUNE 30, 2006

-

-

xxxxxxxxxxxxxxxx

-

xxxxxxxxxxxxxxxx

80030-05

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.

CAPITAL IMPROVEMENTS AUTHORIZED IN SFY 2006 AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY

Purpose

Amount

Total

Down Payment

Amount of Down

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

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

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

250,000.00

237,500.00

12,500.00

12,500.00

Purchase of Equipment- Sanitation

Purchase of Equipment- Technology

Milling and Road Resurfacing- Roads 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

102,000.00

-

102,000.00

102,000.00

217,700.00

217,700.00

Purchase of Equipment- Technology

Total

80032-00

1,951,450.00

1,733,750.00

NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.

Sheet 37

SFY 2006 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS SFY 2006 Debit Balance July 1, 2005 Premium on Sale of Bond Anticipation Notes

80029-01

Premium on Sale of Bonds

Credit

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

98,440.57 365.00

xxxxxxxxxxxxxxxx

204,269.03

Prior Year Adjustment

-

-

-

-

95,595.00 -

-

Appropriated to Finance Improvement Authorizations

80029-02

xxxxxxxxxxxxxxxx

Appropriated to SFY 2006 Budget Revenue

80029-03

98,440.57

Balance JUNE 30, 2006

80029-04

109,039.03 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

303,074.60

303,074.60

BONDS ISSUED WITH A COVENANT OR COVENANTS N/A 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 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 2007 appropriation column.

Sheet 38

MUNICIPALITIES ONLY

SFY 2006

IMPORTANT!! This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete (N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L. 1981) 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 before JUNE 30, 2006? 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 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

=

$

3. Cash Deficit SFY 2006

2,880,499.75

$

-

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

72,363,629.38

=

$

2,894,545.18

Unpaid

SFY 2005

SFY 2006

1. State Taxes

-

-

-

2. County Taxes

-

-

-

3. Amounts due Special Districts

-

-

-

4. Amounts due School Districts for Local School Tax

Sheet 39

3,500,000.00

-

Total

3,500,000.00

SFY06

SHEETS 40 TO 68, INCLUSIVE, PERTAIN TO

UTILITIES ONLY

Note: If no "utility Fund" existed on the books of account and if no utility was owned and operated by the municipality during the year SFY 2006, please observe instructions on Sheet 2.

Sheet 40