annual financial statement for the year 2017 … · statements contained herein are in proof; i...

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ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2017(UNAUDITED)

POPULATION LAST CENSUS 32,868NET VALUATION TAXABLE 2017 1,293,386,312MUNICODE 0717

FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES – JANUARY 26, 2018

MUNICIPALITIES - FEBRUARY 10, 2018

ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE

DIVISION OF LOCAL GOVERNMENT SERVICE

City of Orange County of Essex

SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACESDate Examined By:

1 Preliminary Check2 Examined

I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis.

Signature: Joy LascariTitle: CMFO

(This must be signed by Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)

REQUIRED CERTIFICATION BY THE CHIEF FINANCIAL OFFICER:

I hereby certify that I am responsible for filing this verified Annual Financial Statement, and information required also included herein and that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof; I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit.

Further, I do hereby certify that I Joy Lascari am the Chief Financial Officer, License #N-0857, of the City of Orange, County of Essex and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2017, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, 2017.

Prepared by Chief Financial Officer: Yes

Signature Joy LascariTitle CMFOAddress 29 North Day Street

Orange, New Jersey 07050Phone Number 973-266-4106Email [email protected]

IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN.

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THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:

Preparation by Registered Municipal Accountant (Statement of Statutory Auditor Only)

I have prepared the post-closing trial balances, related statements and analyses included in the accompanying Annual Financial Statement from the books of account and records made available to me by the City Of Orange as of December 31, 2017 and have applied certain agreed-upon procedures thereon as promulgated by the Division of Local Government Services, solely to assist the Chief Financial Officer in connection with the filing of the Annual Financial Statement for the year then ended as required by N.J.S. 40A:5-12, as amended.

Because the agreed-upon procedures do not constitute an examination of accounts made in accordance with generally accepted auditing standards, I do not express an opinion on any of the post-closing trial balances, related statements and analyses. In connection with the agreed-upon procedures came to my attention that caused me to believe that the Annual Financial Statement for the year end December 31, 2017 is not in substantial compliance with the requirements of the State of New Jersey, Department of Community Affairs, Division of Local Government Services. Had I performed additional procedures, or had I made an examination of the financial statements in accordance with generally accepted auditing standards, other matters might have come to my attention that would have been reported to the governing body and the Division. This Annual Financial Statement relates only to the accounts and items prescribed by the Division and does not extend to the financial statements of the municipality/county, taken as a whole.

Listing of agreed-upon procedures not performed and/or matters coming to my attention of which the Director should be informed:

Registered Municipal Accountant

Firm Name

Address

Phone Number

Email

Certified by me

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MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATIONBY

CHIEF FINANCIAL OFFICER

One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination.

CERTIFICATION OF QUALIFYING MUNICIPALITY

1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%2. All emergencies approved for the previous fiscal year did not exceed 3% of total appropriations;3. The tax collection rate exceeded 90%4. Total deferred charges did not equal or exceed 4% of the total tax levy;5. There were no "procedural deficiencies" noted by the registered municipal accountant on

Sheet 1a of the Annual Financial Statement; and6. There was no operating deficit for the previous fiscal year.7. The municipality did not conduct an accelerated tax sale for less than 3 consecutive years.8. The municipality did not conduct a tax levy sale the previous fiscal year and does not plan to

conduct one in the current year.9. The current year budget does not contain a levy or appropriation "CAP" referendum.10. The municipality will not apply for Transitional Aid for 2018.

The undersigned certifies that this municipality has compiled in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5:30-7.5.

Municipality: OrangeChief Financial Officer: Joy LascariSignature: Joy LascariCertificate #: N-0857Date: 4/3/2018

CERTIFICATION OF NON-QUALIFYING MUNICIPALITY

The undersigned certifies that this municipality does not meet Item(s) # of the criteria above and therefore does not qualify for local examination of its Budget in accordance with N.J.A.C. 5:30-7.5.

Municipality: OrangeChief Financial Officer:Signature:Certificate #:Date:

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22-6002178Fed I.D. #Orange

MunicipalityEssex

County

Report of Federal and State Financial Assistance Expenditures of Awards

Fiscal Year Ending: December 31, 2017

(1) (2) (3)Federal Programs Expended (administered by the State)

State Programs Expended

Other Federal Programs Expended

Total $336,416.00 $502,231.00 $0.00

Type of Audit required by OMB Uniform Guidance and N.J. Circular 15-08-OMB:

Financial Statement Audit Performed in Accordance with Government Auditing Standards (Yellow Book)

Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB Uniform Guidance and N.J. Circular 15-08 OMB.The single audit threshold has been increased to $750,000 beginning with fiscal year starting 1/1/2015.

(1) Report expenditures from federal pass-through programs received directly from state governments.Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements.

(2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (i.e., CMPTRA, Energy Receipts tax, etc.) since thereare no compliance requirements.

(3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments.

Joy Lascari 4/3/2018Signature of Chief Financial Officer Date

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IMPORTANT!

READ INSTRUCTIONS

INSTRUCTION

The following certification is to be used ONLY in the event there is NO municipality operated utility.

If there is a utility operated by the municipality or if a "utility fund" existed on the books of account, do not sign this statement and do not remove any of the UTILITY sheets from the document.

CERTIFICATION

I hereby certify that there was no "utility fund" on the books of account and there was no utility owned and operated by the City of Orange, County of Essex during the year 2017.

I have therefore removed from this statement the sheets pertaining only to utilities

Signature:Name:Title:

(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.)

MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2017

☐ Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2018 and filed with the County Board of Taxation on January 10, 2018 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $1,291,041,900

Aaron WilsonSIGNATURE OF TAX ASSESSOR

OrangeMUNICIPALITY

EssexCOUNTY

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

POST CLOSINGTRIAL BALANCE - CURRENT FUND

AS OF DECEMBER 31, 2017

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

Title of Account Debit CreditReceivables with Full ReservesDue from Municipal Insurance Fund 3.25Due from Federal & State Grant Fund 521,420.78Ground Lease Receivable 878,254.00Revenue Accounts Receivable 112,115.43Deposits Receivable 1,465.05Due from Housing Trust 1.44Prepaid Marriage Licenses 2,175.00Delinquent Taxes 3,688,781.93Tax Title Liens 2,794,819.70Property Acquired by Taxes 856,500.00Contract Sales Receivable 80,601.00Mortgage Sales Receivable 0.00Subtotal Receivables with Full Reserves 8,936,137.58 0.00Cash Liabilities Accounts Payable 427,499.68Prepaid Taxes 818,732.12Tax Overpayments 223,088.27Reserve for Reval 44,475.09Reserve for Orange Reservoir 300,000.00Deposits of Sale of Property 3,110.00Due to Grant Trust Fund 87,429.26Due to Water Operating Fund 602,770.50Due to General Trust Fund 627,404.37Due to Payroll Trust Fund 312.54Due to General Capital Fund 200,045.45Due to Unsuccessful Bidders 456,122.34Reserve for Salary Adjustments 396,709.39Reserve for Encumbrances 2,716,869.03Appropriation Reserves 1,263,394.30Due to State of New Jersey - Senior Citizens & Veterans DeductionsLocal District School Tax Payable 94,999.83Regional School Tax Payable 0.00Regional High School Tax Payable 0.00County Taxes Payable 619.55Due County for Added and Omitted Taxes 22,678.00Special District Taxes PayableState Library Aid 0.00Subtotal Cash Liabilities 0.00 8,286,259.72Current Fund TotalChange Fund 560.00Emergency Note 2,620,000.00Deferred Charges - Over-expenditure CDBG grant appropriations

87,405.00

Cash 13,303,893.24Due from State of NJ - Senior Citizens & Veterans Deductions

104,276.25

Deferred Charges 2,733,613.89Deferred School Taxes 0.00Reserve for Receivables 8,936,137.58

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Title of Account Debit CreditSchool Taxes Deferred 0.00Fund Balance 5,323,488.66InvestmentsTotal 25,165,885.96 25,165,885.96

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POST CLOSINGTRIAL BALANCE - PUBLIC ASSISTANCE FUND

Accounts #1 and #2*AS OF DECEMBER 31, 2017

Title of Account Debit CreditCash Public Assistance #1 0.00Cash Public Assistance #2 0.00Total 0.00 0.00

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POST CLOSING TRIAL BALANCE – FEDERAL AND STATE GRANTS


Title of Account Debit CreditDue to Current Fund (G-02) 521,420.78Due to Grantor 580,543.70Due from Current (14 CDBG 87,387.68Cash 30,059.46Federal and State Grants Receivable 8,144,072.48Appropriated Reserves for Federal and State Grants 7,080,008.54Unappropriated Reserves for Federal and State Grants 79,546.60

8,261,519.62 8,261,519.62

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POST CLOSINGTRIAL BALANCE - TRUST FUNDS

(Assessment Section Must be Separately Stated)AS OF DECEMBER 31, 2017

Title of Account Debit CreditTrust Assessment FundCash 0.00Deferred Charges 0.00Assessment Bonds 0.00Assessment NotesFund Balance 0.00Total Trust Assessment Fund 0.00 0.00Animal Control FundDue to State of NJ 143.80Reserve for Animal Expenditures 16,685.78Cash 16,541.98Deferred Charges 0.00Total Animal Control Fund 16,685.78 16,685.78Trust Other FundDue from Current Fund (Gen Trust) 627,404.37Interest on Investment PY (Gen Trust) 511.27Reserve for Other Expenditures (1 - Gen Trust) 819,035.51Reserve for Escrow Deposits (2-Gen Trust) 2,519,766.83Reserve for NJ Unemployment (3- Gen Trust) 96,698.74Reserve for Premiums (4-Gen Trust) 1,979,912.46Reserve for Law Enforcement (21) 209,993.70Reserve for Payroll Deductions 684,065.78Reserve for Rehabilitation Refunds (12) 1,659.05Reserve for Balanced Housing (12) 56,985.39Due to Current Fund (12 - Bal Housing) 1.44Due from Current (Salary Fund) 312.54Due to Current Fund (13 Muni Ins Fund) 3.25Reserve for Municipal Insurance Fund (13) 154,676.92Cash 5,895,593.43Deferred Charges 0.00Total 6,523,310.34 6,523,310.34Municipal Open Space Trust FundCash 0.00Total Municipal Open Space Trust Fund 0.00 0.00

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MUNICIPAL PUBLIC DEFENDER CERTIFICATION

Public Law 1998, C. 256

Municipal Public Defender Expended Prior Year 2016: (1) $42,136.00X 25%

(2) $10,534.00

Municipal Public Defender Trust Cash Balance December 31, 2017: (3) $47,881.00

Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25% the amount which the municipality expended during the prior year providing the services of a municipal public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation Board (P.O. Box 084, Trenton, N.J. 08625).

Amount in excess of the amount expended: 3 - (1 +2) = $

The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C. 256.

Chief Financial Officer: Joy LascariSignature: Joy LascariCertificate #: N-0857Date: 4/3/2018

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SCHEDULE OF TRUST FUND RESERVES

Purpose Amount Dec. 31, 2016 Per Audit Report Receipts Disbursements Balance as of Dec. 31, 2017

03-1-150 Affordable Housing - RCA Deposits $132,798.60 $ $132,798.6003-1-265 Fire Code Dedicated Penalties $183,709.69 $91,770.00 12,553.00 $262,926.6903-1-290 Demolition Trust $76,855.00 $ $76,855.0003-1-292 Storm Recovery Trust $65,757.17 $ 38,622.79 $27,134.3803-1-364 Recreation / Community Service $26,329.69 $117,346.81 85,654.45 $58,022.0503-1-490 POAA $231,352.71 $19,844.00 40,411.35 $210,785.3603-1-490 State DWI Fund $2,053.37 $579.06 $2,632.4303-1-491 Public Defender $42,995.50 $4,885.50 $47,881.0003-2-100 Street Opening Deposits $59,818.00 $24,491.25 10,923.00 $73,386.2503-2-102 Donation - Fire Disaster Relief Fund $ $500.00 $500.0003-2-110 Fishing Permit $1,090.00 $ $1,090.0003-2-132 Third Party Tax Redemptions $1,327,823.32 $2,980,551.63 2,616,905.83 $1,691,469.1203-2-170 Central Valley Planning Division Escrow $46,109.98 $55,000.00 51,167.65 $49,942.3303-2-173 Construction Code Fees $20,252.00 $662,426.00 638,411.00 $44,267.0003-2-173 Elevator Inspection Fees $13,590.92 $52,044.00 27,309.00 $38,325.9203-2-173 Electrical Inspection Fees $58,799.18 $ $58,799.1803-2-173 DCA Fees $35,191.00 $21,699.00 30,478.00 $26,412.0003-2-173 Plumbing Inspection Fees $57,602.54 $ $57,602.5403-2-173 Building 3rd Party Fees $7,372.00 $1,671.52 $9,043.5203-2-173 Rent on City Owned Property $76,368.00 $ $76,368.0003-2-180 Planning Board Escrow $285,882.36 $28,251.50 255,494.86 $58,639.0003-2-185 Zoning Board Escrow $121,955.45 $10,630.00 26,197.52 $106,387.9303-2-240 Off Duty Police Officer $6,325.63 $1,134,807.05 922,245.25 $218,887.4303-2-266 Fire LEA Rebated (Uniform Fire Safety Act)

$18,422.98 $742.00 12,792.43 $6,372.55

03-2-319 Federal Forfeited Property $0.00 $2,274.06 $2,274.0603-3-133 NJ Unemployment Insurance $185,954.44 $ 89,255.70 $96,698.7403-4-131 Premium on Tax Sale $1,388,934.43 $1,262,118.73 671,140.70 $1,979,912.4612 Balanced Housing $58,426.18 $ $58,426.18

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Purpose Amount Dec. 31, 2016 Per Audit Report Receipts Disbursements Balance as of Dec. 31, 2017

21 Law Enforcement Trust $118,463.30 $96,787.40 5,257.00 $209,993.7030 Payroll Fund $314,359.44 $39,527,341.97 39,157,635.63 $684,065.7813 Municipal Insurance Fund $152,893.47 $1,783.45 $154,676.92Totals $5,117,486.35 $46,097,544.93 $44,692,455.16 $6,522,576.12

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ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TOLIABILITIES AND SURPLUS

ReceiptsTitle of Liability to which Cash and Investments are

PledgedAudit Balance Dec. 31,

2016 Assessments and Liens Current Budget

Other Disbursements Balance Dec. 31, 2017

Assessment Serial Bond Issues

Assessment Bond Anticipation Note Issues

Other Liabilities

Trust SurplusTrust Surplus 0.00Less Assets “Unfinanced”

Totals 0.00 0.00 0.00 0.00 0.00

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POST CLOSINGTRIAL BALANCE - GENERAL CAPITAL FUND


Title of Account Debit CreditGrants Receivable 669,581.24Loans Receivable 94,585.89Interfund Receivable 200,073.35Reserve for Debt Service 4,225.00Reserve for Grants Receivable 17,750.00Reserve for Loan Proceeds 61,176.74Cash 3,550,008.57Deferred Charges 17,067,267.17General Capital Bonds 10,148,000.00Assessment Serial Bonds 0.00Bond Anticipation Notes 3,744,000.00Assessment NotesLoans Payable 762,241.96Loans Payable 0.00Improvement Authorizations - Funded 3,183,425.17Improvement Authorizations - Unfunded 2,013,246.00Capital Improvement Fund 751,779.61Down Payments on Improvements 0.00Capital Surplus 478,898.26NJEIT Infrastructure Loan 189,273.48Demolition Loan 227,500.00Total 21,581,516.22 21,581,516.22

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CASH RECONCILIATION DECEMBER 31, 2017

CashOn Hand On Deposit

Less Checks Outstanding

Cash Book Balance

Current 355,034.64 15,806,455.43 2,857,596.83 13,303,893.24Public Assistance #1** 0.00Public Assistance #2** 0.00Federal and State Grant Fund (CDBG Grant Trust)

61,287.30 31,227.84 30,059.46

Trust - Assessment 0.00Trust - Dog License 73.00 16,468.98 16,541.98Trust Funds 653,616.90 5,419,497.78 177,521.25 5,895,593.43Municipal Open Space Trust Fund 0.00Capital - General 3,570,209.58 20,201.01 3,550,008.57Water & Sewer Utility Operating 47,560.98 3,362,913.24 208,801.01 3,201,673.21Water & Sewer Utility Capital 862,380.71 862,380.71Water & Sewer Utility Assessment Trust

0.00

Total 1,056,285.52 29,099,213.02 3,295,347.94 26,860,150.60

* - Include Deposits In Transit

** - Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains such a bank account

REQUIRED CERTIFICATION

I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, 2017.

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 December 31, 2017.

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 1(a).

Signature: Joy Lascari Title: CMFO

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CASH RECONCILIATION DECEMBER 31, 2017 (CONT'D)LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Bank AmountBank of America - Current Fund 12,064,186.81Bank of America - Current Burial Permits 303,146.36Bank of America - Current Parking Meters 553,775.12PNC Bank - Current So. Orange Escrow 350,569.93Bank of America - Current UEZ 2nd Generation 29,754.17Bank of America - Current Electronic Receipts 1,500,129.40City National Bank - Current Money Market 1,004,893.64Bank of America - Trust - Dog License 16,468.98Bank of America - General Trust checking 3,900,645.29Bank of America - General Trust - Money Market 309,428.27PNC Bank - Balanced Housing Trust 58,645.88Bank of America - Law Enforcement Trust 209,993.70Bank of America - Salary Trust Account 786,104.47Bank of America - General Capital 3,570,209.58PNC Bank - Water/Sewer Operating Revenue checking 1,114,311.42Bank of America - Water/Sewer Operating Disbursement checking 2,248,601.82Bank of America - Water Capital Fund 862,380.71PNC Bank - Municipal Insurance Fund 154,680.17PNC Bank - Grant Trust - CDBG 59,036.54PNC Bank - Grant Trust - UDAG 2,250.76Total 29,099,213.02

Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund.

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MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE

Grant Balance Jan. 1, 2017 2017 Budget Revenue Realized Received Canceled Other Balance Dec. 31,

2017Other Grant Receivable

DescriptionNJDOT year 2007 14,155.62 14,155.62 0.00NJDOT year 2008 - Sterling Ave 72,360.63 72,360.63 0.00NJDOT year 2010 231,497.75 231,497.75NJDOT year 2012 Way Finding Signage PH II

100,000.00 100,000.00

NJDOT year 2011 TY Way Finding Signage PH II

20,524.75 20,524.75

NJDOT year 2011 FY Various Streets 22,535.07 22,535.07NJDOT year 2012 Various Streets 151,329.45 151,329.45NJDOT year 2013 Various Streets 63,457.85 63,457.85NJDOT year 2014 Various Streets 319,300.00 319,300.00NJDOT year 2015 Highland Ave Station Rehab

614,000.00 614,000.00

NJDOT year 2015 Various Streets 311,444.00 173,767.50 137,676.50NJDOT year 2016 Various Streets 301,444.00 177,313.67 124,130.33NJDOT year 2017 Various Streets 334,648.00 334,648.00 Chapter 159NJDOT Drive Sober or Get Pulled Over 2014

50.00 50.00

NJDOT Drive Sober or Get Pulled Over 2016

5,000.00 5,000.00

Summer Food Program 2015 71,048.79 71,048.79 0.00Summer Food Program 2016 79,465.22 1,972.95 77,492.27Summer Food Program 2017 278,957.21 164,485.99 114,471.22Clean Communities Act 2017 47,673.26 47,673.26 0.00 Chapter 159Transportation Enhancement - Train Station PH II FY 2002

200,000.00 200,000.00

Transportation Enhancement - Train Station FY 2010 Transit

194,375.75 194,375.50 0.25

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DescriptionHazardous Discharge Site Remediation Fund FY 2008 - 534 Mitchell Street

400.00 400.00

Hazardous Discharge Site Remediation Fund FY 2008 - 540 Mitchell Street

400.00 400.00


1,818.50 1,818.50


1,869.25 1,869.25

Hazardous Discharge Site Remediation Fund FY 2010 - 321 Scotland Road

19,412.00 19,412.00

Hazardous Discharge Site Remediation Fund FY 2010 - 481 New England Terrace

39,460.20 39,460.20

Hazardous Discharge Site Remediation Fund FY 2010 - 490 Central Ave

42,230.00 42,230.00


26,412.00 26,412.00


26,412.00 26,412.00

NJ Historic Trust - City Hall Preservation Plan FY 2008

7,878.85 7,878.85

NJ Historic Trust - City Hall Preservation Plan FY 2010

140,500.00 140,500.00

Green Acres 2011 Multi Parks #2 200,028.51 200,028.51Green Acres 2011 Multi Parks #0717-10-018

165,900.73 165,900.73

Green Acres 2011 Multi Parks Match Funds from EC CDBG

13,969.96 13,969.96

Green Acres 2016 NJDEP 245,000.00 245,000.00Green Acres 2017 Multi Parks 855,000.00 855,000.00 chapter 159NJDCJ Body Armor 20044 10,061.07 10,061.07 0.00 Chapter 159NJ Legislative Grant - Orange Rec Center 1,250,000.00 1,250,000.00

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DescriptionUSDOJ Bullet Proof Vests 34,052.37 12,903.75 21,148.62FEMA - Hazard Mitigation - well generators

196,190.00 196,190.00

USDOJ Cops Hired 2016UMWX0238 1,408,050.00 52,800.38 1,355,249.62Essex County Municipal Alliance 2015 20,877.02 20,877.02Essex County Municipal Alliance 2016-2017

42,500.00 8,115.85 34,384.15

Essex County Municipal Alliance 2017-2018

42,500.00 42,500.00 Chapter 159

CDBG Library Boiler Conversion 19,100.00 19,100.00CDBG ADA Accessible Crosswalk 3,349.56 3,349.56 0.00CDBG Colgate Park Reconstruction 11,387.38 11,387.38CDBG Alden Street Park Irrigation System

12,506.64 535.92 11,970.72

CDBG 2015 Main Street Counseling 15,000.00 15,000.00 0.00CDBG High/Alden Park Multi-Field Improv

62,868.16 34,808.63 28,059.53

CDBG School Zone Ped Sfty Improv Oakwood

17,225.75 10,663.12 6,562.63 0.00

CDBG Circle of Excellence YWCA 15 45,000.00 45,000.00 0.00CDBG Sr.Health & Wellness YWCA/City 15

25,000.00 25,000.00 0.00

CDBG Sub-Grant Helping Hands & Ears 16

18,750.00 18,750.00 0.00

CDBG Sub-Grant Manna from Heaven Pantry

45,000.00 38,562.54 6,437.46 0.00

CDBG Central Playground 250,000.00 250,000.00CDBG High & Alden Park PH II 417,495.00 42,495.00 375,000.00CDBG Circle of Excellence 16 75,000.00 75,000.00 0.00CDBG Circle of Excellence - South Ward 50,000.00 50,000.00 0.00CDBG Circle of Excellence YWCA 16 45,000.00 45,000.00 0.00

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DescriptionCDBG Health & Wellness 50,000.00 50,000.00 0.00CDBG Healty & Wellness YWCA 25,000.00 25,000.00 0.00CDBG Saturday Literacy 75,000.00 75,000.00 0.00CDBG Colgate Park Skate Facility 225,400.00 225,400.00 Chapter 159Essex County CS Senior Services - Visiting Nurse

14,233.00 14,233.00 0.00

Total 7,903,032.76 308,190.21 956,737.21 625,695.61 1,515,282.33 8,144,072.48

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SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Transferred from 2017 Budget Appropriations

Grant Balance Jan. 1, 2017

Budget Appropriation By 40A:4-87

Expended Cancelled Other Balance Dec. 31 2017

Other Grant Receivable Description

NJDOT 2007 7,528.12 14,155.62 6,627.50 0.00 outstanding check voided

NJDOT 2008 70,930.63 72,360.63 1,430.00 0.00 outstanding check voided

NJDOT 2010 113,310.87 113,310.87NJDOT 2011 Way Finding Signage PH II

163,740.43 163,740.43

NJDOT 2011 FY Way Finding Signage PH II

16,466.86 16,466.86

NJDOT 2011 FY Various Streets 27,768.22 27,768.22NJDOT 2012 Various Streets 46,079.99 46,079.99NJDOT 2013 Various Streets 63,460.09 63,460.09NJDOT 2014 Various Streets 93,348.84 1,425.00 91,923.84NJDOT 2015 Highland Ave Station Rehab

614,000.00 614,000.00

NJDOT 2015 Various Streets 52,861.42 6,120.00 58,981.42 outstanding check voided

NJDOT 2016 Various Streets 286,320.74 270,178.96 16,141.78NJDOT 2017 Various Streets 334,648.00 334,648.00Summer Food Program 2014 1,919.76 1,919.76Summer Food Program 2015 40,071.55 40,071.55 0.00Summer Food Program 2016 7,445.17 7,445.17Summer Food Program 2017 278,957.21 141,304.84 137,652.37Clean Communities 2011 7,729.60 7,729.60Clean Communities 2012 218.10 218.10

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Clean Communities 2013 286.61 286.61Clean Communities 2014 890.48 890.48Clean Communities 2014-2015 19,367.48 19,367.48Clean Communities 2015 20,930.00 3,469.13 17,460.87Clean Communities 2016 54,695.06 54,355.40 339.66Clean Communities 2017 47,673.26 38,287.87 9,385.39UEZ Final Projects 82,267.74 49,820.00 32,447.74Transportation Enhancement Train Station 2002 - Train PH II

200,000.00 200,000.00

Transportation Enhancement Train Station 2010 Transit

0.25 0.25

NJDCA - ROID 2014 2,622.91 2,622.91Weed and Seed Community Collaborative Grant

10,776.54 10,776.54

Hazardous Discharge Site Remediation Fund 2008 - 534 Mitchell Street

2,215.17 2,215.17


4,478.35 4,478.35


3,350.99 3,350.99

Hazardous Discharge Site Remediation Fund 2010 - 321 Scotland Road

22,911.50 22,911.50

Hazardous Discharge Site Remediation Fund 2010 - 481 New England Terrace

39,539.56 39,539.56

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Hazardous Discharge Site Remediation Fund 2010 - 490 Central Ave

38,931.78 38,931.78


22,911.50 22,911.50


26,412.00 26,412.00

NJ Historic Trust City Hall Preservation Plan

975.53 61,813.50 29.13 62,759.90

Green Acres Bell Stadium Rehab 20,030.07 20,030.07Green Acres 2016 NJDEP 0717-14-056

245,000.00 13,875.60 231,124.40

Green Acres 2017 Multi Parks 0717-14-056

855,000.00 855,000.00

Recycling Tonnage 2008 30.56 30.56Recycling Tonnage 2009 25.00 25.00Recycling Tonnage 2010 83.60 83.60Recycling Tonnage 2011 10,375.42 10,375.42 0.00Recycling Tonnage 2013 10,277.91 8,688.22 1,589.69Recycling Tonnage 2014 10,922.66 7,930.19 2,992.47Body Armor 0.08 0.08Body Armor & Bullet Proof Vests 69.19 69.19Body Armor Replacement Fund 2,726.11 2,726.11 0.00Body Armor Fund 18922 8,359.46 8,359.46 0.00Body Armor 20044 10,061.07 10,061.07NJDOT Drive Sober or Get Pulled Over

50.00 50.00

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Sustainable NJ - Small Grant 40.00 40.00NJ Legislative Grant - Orange Rec Center

863,051.00 59,925.00 803,126.00

Match Funds for Future Projects 245,000.00 45,216.40 199,783.60USDOJ Bulletproof Vests 7,547.37 7,547.37 0.00FEMA - Hazard Mitigation - well generators

190,726.19 190,726.19

FEMA Wellness Program FY 2008 12,184.00 12,184.00USDOJ Cops Hired 2016UMWX0238 1,408,050.00 88,529.76 1,319,520.24Essex County Municipal Alliance 2013

7,146.06 7,146.06

Essex County Municipal Alliance 2015

24,612.02 24,612.02


40,083.35 10,625.00 12,546.20 38,162.15


42,500.00 8,895.00 33,605.00

Essex County Recreation & Open Space Trust

206.25 206.25 outstanding check voided

Essex County Senior Services Visiting Nurse PHN

0.04 0.04

Essex County Senior Citizen Visiting Nurse PHN

14,233.00 14,233.00 0.00

Essex County Hurricane Sandy 2013 58,668.13 58,668.13CDBG Library Boiler Conversion 35,000.00 35,000.00CDBG Central Park Baseball Field 47,900.00 47,900.00CDBG ADA Accessible Crosswalk 3,349.56 3,349.56 0.00CDBG Colgate Park Reconstruction 11,387.38 11,387.38

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CDBG Alden Street Park Irrigation System

12,506.64 535.92 11,970.72

CDBG 2015 Main Street Counseling 15,000.00 15,000.00 0.00CDBG High/Alden Park Multi-Field Improv

73,531.28 45,471.75 28,059.53

CDBG Circle of Excellence YWCA 15 34,197.50 34,197.50 0.00CDBG School Zone Ped Sfty Improv Oakwood

6,562.63 6,562.63 0.00

CDBG Sub-Grant Helping Hands & Ears

18,750.00 18,750.00 0.00

CDBG Sub-Grant Manna from Heaven Pantry

45,000.00 38,562.54 6,437.46 0.00

CDBG Central Playground 250,000.00 250,000.00CDBG High & Alden PH II 417,495.00 42,495.00 375,000.00CDBG Circle of Excellence 16 48,397.50 48,397.50 0.00CDBG Circle of Excellence - South Ward

50,000.00 50,000.00 0.00

CDBG Circle of Excellence YWCA 16 45,000.00 45,000.00 0.00CDBG Health & Wellness 50,000.00 50,000.00 0.00CDBG Saturday Literacy 75,000.00 75,000.00 0.00CDBG Colgate Park Skate Facility 225,400.00 225,400.00UDAG Program 53,646.92 53,646.92EC CS SrSvs Visiting Nurse duplicate post

14,233.00 14,233.00

Total 6,623,779.47 380,628.71 1,515,282.33 946,752.35 507,313.37 14,383.75 7,080,008.54

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SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS




Receipts Grants Receivable Other Balance Dec. 31, 2017


UR-Clean Communities 47,673.26 47,673.26 0.00UR-Body Armor Replacement Fund 10,061.07 10,061.07 0.00UR-EC Senior Svs Visiting Nurse 14,233.00 14,233.00 15,137.00 15,137.00UR-UEZ Parking Lot 139.65 139.65UR-UEZ Meter Money 10,754.17 10,754.17UR-UEZ Admin Expenses 44,110.15 44,110.15UR - Recycling Tonnage 9,405.63 9,405.63Total 69,236.97 14,233.00 57,734.33 82,276.96 0.00 0.00 79,546.60

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LOCAL DISTRICT SCHOOL TAX

Debit CreditBalance January 1, 2017School Tax Payable # 85001-00School Tax Deferred(Not in excess of 50% of Levy - 2016 -2017) 85002-00Prepaid Beginning Balance 51,237.38Levy School Year July 1, 2017- June 30, 2018Levy Calendar Year 2017 12,045,401.00Paid 11,899,163.79Balance December 31, 2017School Tax Payable # 85003-00 94,999.83School Tax Deferred(Not in excess of 50% of Levy - 2017 -2018) 85004-00 0.00Prepaid Ending BalanceTotal 12,045,401.00 12,045,401.00

Amount Deferred at during year

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

# Must include unpaid requisitions

MUNICIPAL OPEN SPACE TAX

Debit CreditBalance January 1, 20172017 Levy 85105-00Added and Omitted LevyInterest EarnedExpendituresBalance December 31, 2017 85046-00 0.00Total 0.00 0.00

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REGIONAL SCHOOL TAX

Debit CreditBalance January 1, 2017School Tax Payable 85031-00School Tax Deferred(Not in excess of 50% of Levy - 2016 -2017) 85032-00Prepaid Beginning BalanceLevy School Year July 1, 2017- June 30, 2018Levy Calendar Year 2017PaidBalance December 31, 2017School Tax Payable 85033-00 0.00School Tax Deferred(Not in excess of 50% of Levy - 2017 -2018) 85034-00 0.00Prepaid Ending BalanceTotal 0.00 0.00

Amount Deferred at during Year# Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAX

Debit CreditBalance January 1, 2017School Tax Payable 85041-00School Tax Deferred(Not in excess of 50% of Levy - 2016 - 2017 ) 85042-00Prepaid Beginning BalanceLevy School Year July 1, 2017- June 30, 2018Levy Calendar Year 2017PaidBalance December 31, 2017School Tax Payable 85043-00 0.00School Tax Deferred(Not in excess of 50% of Levy - 2017 -2018) 85044-00 0.00Prepaid Ending BalanceTotal 0.00 0.00

Amount Deferred at during year# Must include unpaid requisitions

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COUNTY TAXES PAYABLE

Debit CreditBalance January 1, 2017County Taxes 80003-01 134,772.49Due County for Added and Omitted Taxes 80003-022017LevyGeneral County 80003-03 7,630,190.82County Library 80003-04County HealthCounty Open Space PreservationDue County for Added and Omitted Taxes 80003-05 22,678.00Paid 7,764,343.76Balance December 31, 2017County Taxes 619.55Due County for Added and Omitted Taxes 22,678.00Total 7,787,641.31 7,787,641.31

Paid for Regular County Levies 7,764,343.76

Paid for Added and Omitted Taxes

SPECIAL DISTRICT TAXES

Debit CreditBalance January 1, 2017 80003-062017 Levy: (List Each Type of District Tax Separately - see Footnote)

Total 2017 Levy 80003-07Paid 80003-08Balance December 31, 2017 80003-09Total

Footnote: Please state the number of districts in each instance

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STATE LIBRARY AIDRESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit CreditBalance Jan 1, CY (Credit)State Library Aid Received in CY (Credit)Expended (Debit)Balance December 31, 2017 0.00Total 0.00 0.00

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

Balance January 1, CY (Credit)State Library Aid Received in CY (Credit)Expended (Debit)Balance December 31, 2017 0.00Total 0.00 0.00

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


RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID


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STATEMENT OF GENERAL BUDGET REVENUES 2017

Source Budget -01 Realized -02Excess or Deficit

-03

Surplus Anticipated 80101- 4,760,548.00 4,760,548.00 0.00

Surplus Anticipated with Prior Written Consent of Director of Local Government

80102-

Adopted Budget 14,294,436.17 14,234,268.84 -60,167.33Added by NJS40A:4-87 1,515,282.33 1,515,282.33 0.00Total Miscellaneous Revenue Anticipated 80103- 15,809,718.50 15,749,551.17 -60,167.33Receipts from Delinquent Taxes 80104- 3,650,000.00 4,020,244.91 370,244.91

Amount to be Raised by Taxation:(a) Local Tax for Municipal Purposes 80105- 42,673,821.07(b) Addition to Local District School Tax 80106- 149,701.00(c) Minimum Library Tax 80107- 487,070.54County Only: Total Raised by TaxationTotal Amount to be Raised by Taxation 80107- 43,310,592.61 43,763,772.10 453,179.49Total 67,530,859.11 68,294,116.18 763,257.07

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit CreditCurrent Taxes Realized in Cash 80108-00 58,934,041.92Amount to be Raised by TaxationLocal District School Tax 80109-00 12,045,401.00Regional School Tax 80119-00Regional High School Tax 80110-00County Taxes 80111-00 7,630,190.82Due County for Added and Omitted Taxes 80112-00 22,678.00Special District Taxes 80113-00Municipal Open Space Tax 80120-00 0.00Reserve for Uncollected Taxes 80114-00 4,528,000.00Deficit in Required Collection of Current Taxes (or) 80115-00Balance for Support of Municipal Budget (or) 80116-00 43,763,772.10*Excess Non-Budget Revenue (see footnote) 80117-00*Deficit Non-Budget Revenue (see footnote) 80118-00Total 63,462,041.92 63,462,041.92

* 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.

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STATEMENT OF GENERAL BUDGET REVENUES 2017MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87

Source Budget Realized Excess of DeficitBody Armor Replacement 10,061.07 10,061.07 0.00CDBG Colgate Park 225,400.00 225,400.00 0.00CDBG Multi Park 855,000.00 855,000.00 0.00Essex County Municipal Alliance 42,500.00 42,500.00 0.00NJDOT Various Streets 334,648.00 334,648.00 0.00Clean Communities 47,673.26 47,673.26 0.00

1,515,282.33 1,515,282.33 0.00

I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable.

CFO Signature Joy Lascari

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STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2017

2017 Budget as Adopted 80012-01 66,015,576.782017 Budget - Added by N.J.S. 40A:4-87 80012-02 1,515,282.33Appropriated for 2017 (Budget Statement Item 9) 80012-03 67,530,859.11 Appropriated for 2017 Emergency Appropriation (Budget Statement Item 9)

80012-04 1,820,000.00

Total General Appropriations (Budget Statement Item 9)

80012-05 69,350,859.11

Add: Overexpenditures (see footnote) 80012-06 9,793.89Total Appropriations and Overexpenditures 80012-07 69,360,653.00

Deduct Expenditures:Paid or Charged [Budget Statement Item (L)] 80012-08 62,774,278.60Paid or Charged - Reserve for Uncollected Taxes 80012-09 4,528,000.00Reserved 80012-10 1,263,394.30Total Expenditures 80012-11 68,565,672.90Unexpended Balances Cancelled (see footnote) 80012-12 794,980.10

FOOTNOTES - RE: OVEREXPENDITURESEvery 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 "Unexpended Balances Canceled".

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

2017 AuthorizationsN.J.S. 40A:4-46 (After adoption of Budget)N.J.S. 40A:4-20 (Prior to adoption of Budget)Total AuthorizationsDeduct Expenditures:Paid or ChargedReservedTotal Expenditures

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RESULTS OF 2017 OPERATIONCURRENT FUND

Debit CreditOther Accounts receivable 100,908.78Tax Overpayments 792,130.98Unexpended Balances of CY Budget Appropriations 794,980.10Excess of Anticipated Revenues: Miscellaneous Revenues AnticipatedExcess of Anticipated Revenues: Delinquent Tax Collections

370,244.91

Excess of Anticipated Revenues: Required Collection of Current Taxes

453,179.49

Miscellaneous Revenue Not Anticipated 240,630.57Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property

0.00

Sale of Municipal Assets (Credit)Unexpended Balances of PY Appropriation Reserves (Credit)

990,399.26

Deferred School Tax Revenue: Balance January 1, CYPrior Years Interfunds Returned in CY (Credit) 345,342.91Deferred School Tax Revenue: Balance December 31, CY

0.00

Cancelation of Reserves for Federal and State Grants (Credit)Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated

60,167.33

Statutory Excess in Reserve for Dog Fund Expenditures (Credit)Deficit in Anticipated Revenues: Delinquent Tax CollectionsInterfund Advances Originating in CY (Debit)Deficit in Anticipated Revenues: Required Collection of Current TaxesSenior Citizen Deductions Disallowed - Prior Year Taxes (Debit)

6,500.00

Refund of Prior Year Revenue (Debit)Surplus Balance 2,436,887.71Deficit Balance

3,295,686.02 3,295,686.02

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SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED

Source Amount RealizedAdministrative Fees for Cars 19,640.00Tax MRNA 18,465.14NSF Checks 180.00Prior Year Appropriation Refund 11,548.57New PILOTS 158,600.00Miscellaneous MRNA 30,096.91Other 2,099.95Total Amount of Miscellaneous Revenues Not Anticipated 240,630.57

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SURPLUS – CURRENT FUNDYEAR 2017

Debit CreditMiscellaneous Revenue Not Anticipated: Payments in Lieu of Taxes on Real Property (Credit)

103,808.18

Excess Resulting from CY Operations 2,436,887.71Amount Appropriated in the CY Budget - Cash 4,760,548.00Amount Appropriated in the CY Budget - with Prior Written Consent of Director of Local Government ServicesBalance January 1, CY (Credit) 7,543,340.77Balance December 31, 2017 80014-05

5,323,488.66

10,084,036.66 10,084,036.66

ANALYSIS OF BALANCE DECEMBER 31, 2017(FROM CURRENT FUND – TRIAL BALANCE)

Cash 13,303,893.24Investments

Sub-Total 13,303,893.24Deduct Cash Liabilities Marked with “C” on Trial Balance

80014-08 8,286,259.72

Cash Surplus 80014-09 5,017,633.52Deficit in Cash Surplus 80014-10Other Assets Pledged to SurplusDue from State of N.J. Senior Citizens and Veterans Deduction

80014-16 104,276.25

Deferred Charges # 80014-12 2,733,613.89Cash Deficit 80014-13 0.00

Total Other Assets 80014-14 2,837,890.1480014-15 7,855,523.66

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(FOR MUNICIPALITIES ONLY)CURRENT TAXES – 2017 LEVY

1. Amount of Levy as per Duplicate (Analysis) #

82101-00

(Abstract of Ratables) 82113-00 63,008,862.432. Amount of Levy Special District Taxes 82102-003. Amount Levied for Omitted Taxes

under N.J.S.A. 54:4-63.12 et. seq.82103-00

4. Amount Levied for Added Taxes under 82104-00 166,102.99N.J.S.A. 54:4-63.1 et. seq.

5a. Subtotal 2017 Levy 63,174,965.425b. Reductions due to tax appeals **5c. Total 2017 Tax Levy 82106-00 63,174,965.426. Transferred to Tax Title Liens 82107-00 619,972.877. Transferred to Foreclosed Property 82108-008. Remitted, Abated or Canceled 82109-00 192,633.969. Discount Allowed 82110-0010. Collected in Cash: In 2016 82121-00 245,673.44

In 2017 * 82122-00 58,620,118.48Homestead Benefit Revenue 82124-00 State's Share of 2017 Senior Citizensand Veterans Deductions Allowed 82123-00 68,250.00

Total to Line 14 82111-00 58,934,041.9211. Total Credits 59,746,648.75

12. Amount Outstanding December 31, 2017

83120-00 3,428,316.67

13. Percentage of Cash Collections to Total 2017 Levy,(Item 10 divided by Item 5c) is 93.2870

82112-00

Note: Did Municipality Conduct Accelerated Tax Sale or Tax Levy Sale? No

14. Calculation of Current Taxes Realized in Cash:Total of Line 10 58,934,041.92Less: Reserve for Tax Appeals Pending State Division of Tax AppealsTo Current Taxes Realized in Cash 58,934,041.92

Note A: In showing the above percentage the following should be noted:Where Item 5 shows $63,174,965.42, and Item 10 shows $58,934,041.92, the percentage represented by the cash collections would be $58,934,041.92 / $63,174,965.42 or 93.2870. The correct percentage to be shown as Item 13 is 93.2870%.

# 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 2017 collections.** Tax appeals 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 municipal budget. (N.J.S.A. 40A:4-41)

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ACCELERATED TAX SALE/TAX LEVY SALE – CHAPTER 99To Calculate Underlying Tax Collection Rate for 2017

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 SaleTotal of Line 10 Collected in CashLESS: Proceeds from Accelerated Tax SaleNET Cash CollectedLine 5c Total 2017 Tax LevyPercentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is

(2)Utilizing Tax Levy SaleTotal of Line 10 Collected in CashLESS: Proceeds from Tax Levy Sale (excluding premium)NET Cash CollectedLine 5c Total 2017 Tax LevyPercentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is

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

Debit CreditBalance Jan 1, CY: Due From State of New Jersey (Debit)

105,256.25

Balance Jan 1, CY: Due To State of New Jersey (Credit)Sr. Citizens Deductions Per Tax Billings (Debit) 67,500.00Veterans Deductions Per Tax Billings (Debit)Sr. Citizen & Veterans Deductions Allowed by Collector (Debit)

750.00

Sr. Citizens Deductions Disallowed By Tax Collector PY Taxes (Credit)

6,500.00

Received in Cash from State (Credit) 62,730.00Balance December 31, 2017 104,276.25

173,506.25 173,506.25

Calculation of Amount to be included on Sheet 22, Item 10- 2017 Senior Citizens and Veterans Deductions AllowedLine 2 67,500.00Line 3 0.00Line 4 750.00Sub-Total 68,250.00Less: Line 7 0.00To Item 10 68,250.00

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SCHEDULE OF RESERVE FOR TAX APPEALS PENDING(N.J.S.A. 54:3-27)

Debit CreditBalance January 1, 2017 0.00Taxes Pending AppealsInterest Earned on Taxes Pending AppealsContested Amount of 2017 Taxes Collected which are Pending State AppealInterest Earned on Taxes Pending State AppealsBudget AppropriationCash Paid to Appellants (Including 5% Interest from Date of PaymentClosed to Results of Operations (Portion of Appeal won by Municipality, including Interest)

Balance December 31, 2017 0.00Taxes Pending Appeals* 0.00Interest Earned on Taxes Pending Appeals

0.00

0.00 0.00

*Includes State Tax Court and County Board of TaxationAppeals Not Adjusted by December 31, 2017

Paula FerreiraSignature of Tax Collector

2/8/2018License # Date

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COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND

AMOUNT TO BE RAISED BY TAXATIONIN 2018 MUNICIPAL BUDGET

Year 2018 Year 20171. Total General Appropriations for 2018 Municipal BudgetItem 8 (L) (Exclusive of Reserve for Uncollected Taxes Statement

80015-

2. Local District School Tax - Actual 80016-Estimate 80017-

3. Regional School District Tax - Actual 80025-Estimate 80026-

4. Regional High School Tax –School Budget

Actual 80018-

Estimate 80019-5. County Tax Actual 80020-

Estimate 80021-6. Special District Taxes Actual 80022-

Estimate 80023-7. Municipal Open Space Tax Actual 80027-

Estimate 80028-8. Total General Appropriations & Other Taxes 80024-019. Less: Total Anticipated Revenues from 2018 in Municipal Budget (Item 5)

80024-02

10. Cash Required from 2018 Taxes to Support Local Municipal Budget and Other Taxes

80024-03

11. Amount of item 10 Divided by % [820034-04]Equals Amount to be Raised by Taxation (Percentageused must not exceed the applicable percentage shown by Item 13, Sheet 22)

80024-05

Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) Regional School District Tax (Amount Shown on Line 3 Above) Regional High School Tax (Amount Shown on Line 4 Above) County Tax (Amount Shown on Line 5 Above) Special District Tax (Amount Shown on Line 6 Above) Municipal Open Space Tax

* Must not be stated in an amount less than "actual" Tax of year2017.

** May not be stated in an amount less than proposed budget submitted by the Local Board of Education to the Commissioner of Education on January 15, 2018 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation.

(Amount Shown on Line 7 Above)Tax in Local Municipal BudgetTotal Amount (see Line 11)12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10)

80024-06

Computation of "Tax in Local Municipal Budget" Item 1 - Total General AppropriationsItem 12 - Appropriation: Reserve for Uncollected TaxesAmount to be Raised by Taxation in Municipal Budget 80024-07

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ACCELERATED TAX SALE - CHAPTER 99

Calculation To Utilize Proceeds In Current Budget As Deduction

To Reserve For Uncollected Taxes Appropriation

A. Reserve for Uncollected Taxes (sheet 25, Item 12)

$

B. Reserve for Uncollected Taxes Exclusion Outstanding Balance of Delinquent Taxes(sheet 26, Item 14A) x % of Collection (Item 16)

$

C. TIMES: % of increase of Amount to beRaised by Taxes over Prior Year[(2018 Estimated Total Levy - 2017 Total Levy)/2017 Total Levy]

%

D. Reserve for Uncollected Taxes Exclusion Amount [(B x C) + B]

$

E Net Reserve for Uncollected TaxesAppropriation in Current Budget

$

(A-D)

2018 Reserve for Uncollected Taxes Appropriation Calculation (Actual)

1. Subtotal General Appropriations (item8(L) budget sheet 29

2. Taxes not Included in the budget (AFS 25, items 2 thru 7)

$

Total $

3. Less: Anticipated Revenues (item 5, budget sheet 11)

4. Cash Required $

5. Total Required at $ (items 4+6) $

6. Reserve for Uncollected Taxes (item E above)

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SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENSDebit Credit

1. Balance January 1, 2017 6,295,413.23A. Taxes 83102-00 3,436,456.84B. Tax Title Liens 83103-00 2,858,956.39

2. CancelledA. Taxes 83105-00 B. Tax Title Liens 83106-00

3. Transferred to Foreclosed Tax Title Liens:A. Taxes 83108-00 B. Tax Title Liens 83109-00

4. Added Taxes 83110-00 13,472.445. Added Tax Title Liens 83111-00 146,671.336. Adjustment between Taxes

(Other than current year)A. Taxes - Transfers to Tax Title Liens

83104-00 115,491.49

B. Tax Title Liens - Transfers from Taxes

83107-00 115,491.49

7. Balance Before Cash Payments

6,455,557.00

8. Totals 6,571,048.49 6,571,048.499. Collected: 4,020,244.91

A. Taxes 83116-00 3,073,972.53B. Tax Title Liens 83117-00 946,272.38

10. Interest and Costs - 2017 Tax Sale

83118-00

11. 2017 Taxes Transferred to Liens

83119-00 619,972.87

12. 2017 Taxes 83123-00 3,428,316.6713. Balance December 31,

20176,483,601.63

A. Taxes 83121-00 3,688,781.93B. Tax Title Liens 83122-00 2,794,819.70

14. Totals 10,503,846.54 10,503,846.5415. Percentage of Cash Collections to

Adjusted Amount Outstanding(Item No. 9 divided by Item No. 7) is

62.2757

16. Item No. 14 multiplied by percentage shown above is

4,037,708.30 And represents the

maximum amount that may be anticipated in 2018.(See Note A on Sheet 22 - Current Taxes)(1) These amounts will always be the same.

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

Debit CreditBalance January 1, CY (Debit) 856,500.00Foreclosed or Deeded in CY: Tax Title Liens (Debit)Foreclosed or Deeded in CY: Taxes Receivable (Debit)Adjustment to Assessed Valuation (Debit)Adjustment to Assessed Valuation (Credit)Sales: Cash* (Credit)Sales: Contract (Credit)Sales: Mortgage (Credit)Sales: Loss on Sales (Credit)Sales: Gain on Sales (Debit)Balance December 31, 2017 856,500.00

856,500.00 856,500.00

CONTRACT SALES

Debit CreditBalance January 1, CY (Debit) 80,601.00CY Sales from Foreclosed Property (Debit)Collected * (Credit)Balance December 31, 2017 80,601.00

80,601.00 80,601.00

MORTGAGE SALES

Debit CreditBalance January 1, CY (Debit)CY Sales from Foreclosed Property (Debit)Collected * (Credit)Balance December 31, 2017 0.00

0.00 0.00

Analysis of Sale of Property: $0.00*Total Cash Collected in 2017 (84125-00)Realized in 2017 BudgetTo Results of Operation 0.00

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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 Dec. 31, 2016 per Audit Report

Amount in 2017 Budget

Amount Resulting from

2017Balance as at Dec. 31, 2017

Emergency Authorizations $350,000.00 $350,000.00 $1,820,000.00 $1,820,000.00Over-expenditure of Appropriations

$5,604.07 $5,604.07 $9,793.89 $9,793.89

overexpenditure of CDBG grant appropriations

$0.00 $ $87,405.00 $87,405.00

Trust Assessment $ $ $ $0.00Animal Control Fund $ $ $ $0.00Trust Other $ $ $ $0.00Capital - $ $ $ $0.00

Subtotal Current Fund $355,604.07 $355,604.07 $1,829,793.89 $1,829,793.89Subtotal Trust Fund $0.00 $0.00 $0.00 $0.00Subtotal Capital Fund $0.00 $0.00 $0.00 $0.00

Total Deferred Charges $355,604.07 $355,604.07 $1,829,793.89 $1,829,793.89

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$

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

In Favor Of On Account Of Date Entered Amount

Appropriated for in Budget of Year

2018$

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N.J.S. 40A:4-53 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; MUNICI- PAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.

Reduced in 2017Date Purpose Amount Authorized

Not Less Than 1/5 of Amount Authorized

Balance Dec. 31, 2016 By 2017 Budget Cancelled by

Resolution

Balance Dec. 31, 2017

Revaluation 519,100.00 103,820.00 207,640.00 103,820.00 103,820.00Accrued Sick & Vacation 1,000,000.00 200,000.00 1,000,000.00 200,000.00 800,000.00

Totals 1,519,100.00 303,820.00 1,207,640.00 303,820.00 0.00 903,820.0080025-00 80026-00

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-53 et seq. and are recorded on this page

Joy LascariChief Financial Officer

* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2017 must be entered here and then raised in the 2018 budget.

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N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOODN.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES

Reduced in 2017Date Purpose Amount Authorized

Not Less Than 1/3 of Amount Authorized

Balance Dec. 31, 2016 By 2017 Budget Cancelled by

Resolution

Balance Dec. 31, 2017

Totals80027-00 80028-00

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-55 et seq. and N.J.S.A 40A:4-55.13 et seq. are recorded on this page

Joy LascariChief Financial Officer

* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column Balance Dec. 31, 2017 must be entered here and then raised in the 2018 budget.

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SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2018 DEBT SERVICE FOR BONDS

MUNICIPAL GENERAL CAPITAL BONDS

Debit Credit 2018 Debt ServiceOutstanding January 1, CY (Credit) 1,733,079.00Various Improvements Issued 12/8/2017 9,433,000.00Paid (Debit) 1,018,079.00Cancelled (Debit)Outstanding Dec. 31, 2017 80033-04 10,148,000.00

11,166,079.00 11,166,079.002018 Bond Maturities – General Capital Bonds 80033-05 1,303,000.002018 Interest on Bonds 80033-06 310,875.00

ASSESSMENT SERIAL BONDSOutstanding January 1, CY (Credit)Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2017 80033-10 0.00

0.00 0.002018 Bond Maturities – General Capital Bonds 8003-112018 Interest on Bonds 80033-12

LIST OF BONDS ISSUED DURING 2017Purpose 2018 Maturity Amount Issued Date of

IssueInterest

RateVarious Improvements Bond 943,000.00 9,433,000.00 12/8/2017 0.0175Total 943,000.00 9,433,000.00

80033-14 8033-15

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SCHEDULE OF LOANS ISSUED AND OUTSTANDING

AND 2018 DEBT SERVICE FOR LOANSMUNICIPAL GREEN ACRES TRUST LOAN

Debit Credit 2018 Debt ServiceOutstanding January 1, CY (Credit) 821,311.91Paid (Debit) 59,069.95Outstanding Dec. 31,2017 80033-04 762,241.96

821,311.91 821,311.912018 Loan Maturities 80033-05 59,264.392018 Interest on Loans 80033-06 764.48Total 2018 Debt Service for Loan 80033-13 60,028.87

GREEN ACRES TRUST LOANOutstanding January 1, CY (Credit)Issued (Credit)Paid (Debit)Outstanding Dec. 31,2017 80033-10 0.00

0.00 0.002018 Loan Maturities 80033-112018 Interest on Loans 80033-12Total 2018 Debt Service for Loan 8033-13

LIST OF LOANS ISSUED DURING 2017Purpose 2018 Maturity Amount Issued Date of

IssueInterest

RateEmergency Note 1,820,000.00 1,820,000.00 12/28/201

7.0175

Special Emergency Note 200,000.00 800,000.00 12/8/2017 .0250Total 2,020,000.00 2,620,000.00

80033-14 80033-15

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SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2018 DEBT SERVICE FOR LOANS

NJEIT Infrastructure LoanDebit Credit 2018 Debt Service

Outstanding January 1, 2017 282,729.39Issued

Paid 93,455.91Outstanding December 31, 2017 189,273.482018 Loan Maturities 91,548.872018 Interest on Loans 6,555.00Total 2018 Debt Service for Loan 98,103.87

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2018 DEBT SERVICE FOR LOANS

Demolition LoanDebit Credit 2018 Debt Service

Outstanding January 1, 2017 325,000.00Issued

Paid 97,500.00Outstanding December 31, 2017 227,500.002018 Loan Maturities 32,500.002018 Interest on Loans 1,300.00Total 2018 Debt Service for Loan 33,800.00

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SCHEDULE OF BONDS ISSUED AND OUTSTANDING

AND 2018 DEBT SERVICE FOR BONDSTYPE I SCHOOL TERM BONDS

Debit Credit 2018 Debt ServiceOutstanding January 1, CY (Credit)Paid (Debit)Outstanding Dec. 31, 2017 80034-03 0.00

0.00 0.002018 Bond Maturities – Term Bonds 80034-042018 Interest on Bonds 80034-05

Type 1 School Serial BondOutstanding January 1, CY (Credit)Issued (Credit)Paid (Debit)Outstanding Dec. 31, 2017 80034-09 0.00

0.00 0.002018 Interest on Bonds 80034-102018 Bond Maturities – Serial Bonds 80034-11Total “Interest on Bonds – Type 1 School Debt Service” 80034-12

LIST OF BONDS ISSUED DURING 2017Purpose 2018 Maturity -01 Amount Issued -02 Date of

IssueInterest

Rate

Total

2018 INTEREST REQUIREMENT – CURRENT FUND DEBT ONLYOutstanding Dec.

31, 20172018 Interest Requirement

$ $

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DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

2018 Budget RequirementTitle or Purpose of Issue Original Amount

IssuedOriginal Date of

Issue

Amount of Note Outstanding

Dec. 31, 2017Date of Maturity Rate of Interest

For Principal For Interest

Interest Computed to (Insert Date)

Temporary Note - Improvement to Various School Buildings and Grounds

2,550,000.00 6/28/2017 0.00 0.02

BAN - Improvements to Various School Buildings and Grounds

2,550,000.00 12/8/2017 2,550,000.00 12/7/2018 0.02

BAN - Improvements to and Demolition of Buildings on School Property and Expansion of Parking Lots

1,194,000.00 12/8/2017 1,194,000.00 12/7/2018 0.02

6,294,000.00 3,744,000.00 0.00 0.00

80051-01 80051-02

Memo: Type I School Notes should be separately listed and totaled.Memo: Refunding Bond Anticipation 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 2015 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2018 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.

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DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES2018 Budget Requirement

Title or Purpose of Issue Original Amount Issued

Original Date of Issue

Amount of Note

Outstanding Dec. 31, 2017

Date of Maturity Rate of Interest

For Principal For Interest


80051-01 80051-02

Assessment Notes with an original date of issue of December 31, 2015 or prior must be appropriated in full in the 2018 Dedicated Assessment Budget or written intent of permanent financing submitted with statement.**Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".(Do not crowd - add additional sheets)

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SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

2018 Budget RequirementPurpose Amount of Obligation Outstanding Dec. 31, 2017 For Principal For Interest/Fees

Leases approved by LFB after July 1, 2007

SubtotalLeases approved by LFB prior to July 1, 2007

SubtotalTotal

80051-01 80051-02

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SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

Balance – January 1, 2017 Balance – December 31, 2017IMPROVEMENTS Specify each authorization by purpose. Do not merely

designate by a code number. Funded Unfunded2017

Authorizations

Refunds, Transfers, &

EncumbrancesExpended Authorizations

Canceled Funded Unfunded

Renovation of City Hall 39-87 169.76 169.76Construction of Police Headquarters & Municipal Headquarters 26-97

8,990.74 8,990.74

Improvement to Water, Waste Water and Storm Water System 10-98

119,712.86 819,246.00 119,712.86 819,246.00

Removal & Replacement of Underground Petroleum Storage Tanks 2-00

18,172.01 11,327.01 6,845.00

Renovation of 593 Lincoln Ave 8-02 1,569.33 1,569.33Demolition of Unsafe Buildings & Structures 13-02

669.89 669.89

Redevelopment Within City of Orange 5-05

833,012.63 4,815.03 828,197.60

Acquisition of Property 28-05 888,587.31 5,651.00 882,936.31Multi Park Improvements 41-05 596.57 596.57various Capital Improvements 9-14 1,690,963.29 509,147.80 1,181,815.49Demo Unsafe Buildings/Structures 42-13 151,921.62 151,921.62Demo of Building s & Improvements of Lots / School 33-17,52-17

3,744,000.00 2,550,000.00 1,194,000.00

Total 299,636.88 4,233,975.13 3,744,000.00 0.00 3,080,940.84 0.00 3,183,425.17 2,013,246.00

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GENERAL CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditCost prior to project 3,350.00Balance January 1, CY (Credit) 555,129.61Received from CY Budget Appropriation * (Credit) 200,000.00Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Appropriated to Finance Improvement Authorizations (Debit)Balance December 31, 2017 80031-05 751,779.61

755,129.61 755,129.61

* The full amount of the 2017 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.

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GENERAL CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditBalance January 1, CY (Credit)Received from CY Budget Appropriation * (Credit)Received from CY Emergency Appropriation * (Credit)Appropriated to Finance Improvement Authorizations (Debit)Balance December 31, 2017 80030-05 0.00

0.00 0.00

*The full amount of the 2017 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

CAPITAL IMPROVEMENTS AUTHORIZED IN 2017AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY

Purpose Amount Appropriated

Total Obligations Authorized

Down Payment Provided by Ordinance

Amount of Down Payment in

Budget of 2017 or Prior Years

Total

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.

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GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS YEAR – 2017

Debit CreditBalance January 1, CY (Credit) 139,528.00Premium on Sale of Bonds (Credit) 339,370.26Funded Improvement Authorizations Canceled (Credit)Miscellaneous - Premium on Sale of Serial Bonds (Credit)Appropriated to Finance Improvement Authorizations (Debit)Appropriated to CY Budget Revenue (Debit)Balance December 31, 2017 80029-04 478,898.26

478,898.26 478,898.26

BONDS ISSUED WITH A COVENANT OR COVENANTS

1. Amount of Serial Bonds Issued Under Provisions of Chapter 233,P.L. 1944, Chapter 268, P.L. 1944, Chapter 428, P.L. 1943 or Chapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants; Outstanding December 31, 2017

2. Amount of Cash in Special Trust Fund as of December 31, 2017(Note A)3. Amount of Bonds Issued Under Item 1

Maturing in 20184. Amount of Interest on Bonds with a

Covenant - 2018 Requirement5. Total of 3 and 4 - Gross Appropriation6. Less Amount of Special Trust Fund to be Used7. Net Appropriation Required

NOTE A - This amount to be supported by confirmation from bank or banksFootnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached here to 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 2018 appropriation column.

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MUNICIPALITIES ONLYIMPORTANT

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 2017 was 63,174,965.422. Amount of Item 1 Collected in 2017 (*) 58,934,041.923. Seventy (70) percent of Item 1 44,222,475.79(*) Including prepayments and overpayments applied.

B.1. Did any maturities of bonded obligations or notes fall due during the year 2017?Answer YES or NO: Yes2. Have payments been made for all bonded obligations or notes due on or before December 31,2017?Answer YES or NO: YesIf answer is “NO” give details

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

C.Does the appropriation required to be included in the 2018 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in thebudget for the year just ended?Answer YES or NO: No

D.1. Cash Deficit 20162. 4% of 2016 Tax Levy for all purposes: Levy3. Cash Deficit 20174. 4% of 2017 Tax Levy for all purposes: Levy 0.00

E.Unpaid 2016 2017 Total

1. State Taxes $ $ $2. County Taxes $ $23,297.55 $23,297.553. Amounts due Special Districts

$ $ $

Amounts due School Districts for Local School Tax

$ $94,999.83 $94,999.83

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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 2017, please observe instructions of Sheet 2.

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Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8

Post ClosingTrial Balance - Water & Sewer Utility Fund

AS OF DECEMBER 31, 2017Operating and Capital Sections

(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"

Title of Account Debit CreditUtility Operating FundCash LiabilitiesAccounts Payable 241,869.52Reserve for Future Improvements 13,349.46Water Overpayments 162,041.36Due to General Capital Fund 27.90Appropriation Reserves 1,905,408.87Accrued Interest on Bonds, Loans and Notes 127,831.42Subtotal Cash Liabilities 0.00 2,450,528.53Receivables Offset with ReservesCash 3,201,872.40Inter-fund Receivable 602,770.50Change Fund 150.00Emergency note 2,220,000.00InvestmentsConsumer Accounts Receivable 1,984,257.15Liens Receivable 82,455.91Deferred Charges 2,220,000.00Reserve for Consumer Accounts and Lien Receivable 2,066,713.06Fund Balance 1,354,264.37Total Operating Fund 8,091,505.96 8,091,505.96

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Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital Section in the same manner as set forth in General Capital Fund on Sheet 8

Post ClosingTrial Balance - Water & Sewer Utility Fund

AS OF DECEMBER 31, 2017Operating and Capital Sections

(Separately Stated)Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"

Title of Account Debit CreditUtilities Capital FundLoan Receivable 129,947.81Fixed Capital 44,739,593.68Fixed Capital Authorized and Uncompleted 3,182,715.66Reserve for Amortization 13,694,436.33Deferred Reserve for Amortization 9,985,000.00Cash 862,380.71Deferred ChargesBond Anticipation Notes PayableSerial Bonds Payable 17,970,000.00Improvement Authorizations - Funded 1,900,361.98Improvement Authorizations - Unfunded 44,022.42Capital Improvement FundCapital Surplus 548,225.12Water Utility NJEIT Loan 4,772,592.01Total Capital Fund 48,914,637.86 48,914,637.86

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Post-Closing Trial BalanceWater & Sewer Utility Assessment Trust Funds

IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED


Title of Account Debit CreditCashAssessment NotesAssessment Serial Bonds 0.00Fund BalanceTotal Trust Assessment Fund 0.00 0.00

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Analysis of Water & Sewer Utility Assessment Trust Cash and InvestmentsPledged to Liabilities and Surplus

ReceiptsTitle of Liability to which Cash and Investments are

PledgedAudit Balance Dec. 31,

2016 Assessments and Liens Operating Budget Other

Disbursements Balance Dec. 31, 2017

Assessment Serial Bond Issues:

Assessment Bond Anticipation NotesTrust Surplus 0.00Other Liabilities

Trust Surplus

Less Assets “Unfinanced”

Total 0.00 0.00 0.00 0.00 0.00

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Schedule of Water & Sewer Utility Budget - 2017Budget Revenues

Source Budget Received in Cash Excess or DeficitOperating Surplus Anticipated 91301Operating Surplus Anticipated with Consent of Director of Local Govt. Services

91302

Rents 91303 9,199,936.00 9,035,827.44 -164,108.56Miscellaneous Revenue Anticipated 91304Miscellaneous Utility Capital Surplus 311,000.00 311,000.00 0.00Added by N.J.S. 40A:4-87: (List)

Subtotal Additional Miscellaneous Revenues 311,000.00 311,000.00 0.00Subtotal 9,510,936.00 9,346,827.44 -164,108.56Deficit (General Budget) 91306

91307 9,510,936.00 9,346,827.44 -164,108.56

Statement of Budget Appropriations

AppropriationsAdopted budget 9,510,936.002017 Emergency 500,000.00Total Appropriations 10,010,936.00Add: Overexpenditures

Total Overexpenditures

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Total Appropriations & Overexpenditures 10,010,936.00Deduct ExpendituresUn-expended Balance Cancelled 2,183.06Paid or Charged 8,103,344.07Reserved 1,905,408.87Surplus

Total SurplusTotal Expenditure & Surplus 10,010,936.00Unexpended Balance Cancelled 0.00

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Statement of 2017 OperationWater & Sewer Utility

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2017 budget year Water & Sewer Utility Budget contained either an item of revenue “Deficit (General Budget)” or an item of appropriation “Surplus (General Budget)”Section 2 should be filled out in every case.

Section 1:Revenue Realized 9,346,827.44Miscellaneous Revenue Not Anticipated 2016 Appropriation Reserves Canceled 922,906.53

Total Revenue Realized 10,269,733.97ExpendituresExpended Without AppropriationCash Refund of Prior Year's RevenueOverexpenditure of Appropriation ReservesTotal Expenditures 10,010,936.00Less: Deferred Charges Included in Above "Total Expenditures"Total Expenditures - As Adjusted 10,010,936.00

Excess 258,797.97Balance of "Results of 2017 Operation"Remainder= ("Excess in Operations")

258,797.97

DeficitBalance of "Results of 2017 Operation" Remainder= ("Operating Deficit - to Trial Balance") 0.00

Section 2:

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The following Item of 2016 Appropriation Reserves Canceled in 2017 Is Due to the Current Fund TO THE EXTENT OF the amount Received and Due from the General Budget of 2016 for an Anticipated Deficit in the Water & Sewer Utility for: 2016

2016 Appropriation Reserves Canceled in 2017 922,906.53Less: Anticipated Deficit in 2016 Budget - Amount Received and Due from Current Fund - If none, check "None" ☐ *Excess (Revenue Realized) 922,906.53

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Results of 2017 Operations – Water & Sewer Utility

Debit CreditDue to American Water - Cancelled 214,980.47Excess in Anticipated RevenuesUnexpended Balances of Appropriations 2,183.06Miscellaneous Revenue Not Anticipated 47,232.07Unexpended Balances of PY Appropriation Reserves * 922,906.53Deficit in Anticipated Revenue 164,108.56Operating Deficit - to Trial BalanceOperating Excess 1,023,193.57Operating DeficitTotal Results of Current Year Operations 1,187,302.13 1,187,302.13

Operating Surplus– Water & Sewer Utility

Debit CreditBalance January 1, CY (Credit) 331,070.80Amount Appropriated in CY Budget with Prior Written Consent of Director of Local Government Services (Debit)Excess in Results of CY Operations 1,023,193.57Amount Appropriated in CY Budget - CashBalance December 31, 2017 1,354,264.37Total Operating Surplus 1,354,264.37 1,354,264.37

Analysis of Balance December 31, 2017

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(From Utility – Trial Balance)CashInvestmentsInterfund Accounts ReceivableSubtotalDeduct Cash Liabilities Marked with "C" on Trial Balance 2,450,528.53Operating Surplus Cash or (Deficit in Operating Surplus Cash) -2,450,528.53Other Assets Pledged to Operating Surplus*Deferred Charges # 2,220,000.00Operating Deficit #Total Other Assets 2,220,000.00

-230,528.53

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Schedule of Water & Sewer Utility Accounts Receivable

Balance December 31, 2016 $1,855,560.20

Increased by:Rents Levied $9,164,523.99

Decreased by:Collections $9,035,827.04Overpayments appliedTransfer to Utility LienOther $

$9,035,827.04Balance December 31, 2017 $1,984,257.15

Schedule of Water & Sewer Utility Liens

Balance December 31, 2016 $82,455.91

Increased by:Transfers from Accounts Receivable $Penalties and Costs $Other $

$Decreased by:Collections $Other $

$Balance December 31, 2017 $82,455.91

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Deferred Charges- Mandatory Charges Only -Water & Sewer Utility Fund

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

Caused by Amount Dec. 31, 2016 per Audit Report Amount in 2017 Budget Amount Resulting from 2017 Balance as at Dec. 31, 2017

Utility Operating Fund $2,150,000.00 $430,000.00 $500,000.00 $2,220,000.00Utility Operating Fund $388,570.79 $388,570.79 $ $0.00Total Operating 2,538,570.79$ 818,570.79$ 500,000.00$ 2,220,000.00$

$ $ $ $Total Capital $ $ $ $

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

Emergency Authorizations Under N.J.S. 40A:4-47 Which Have BeenFunded or Refunded Under N.J.S. 40A:2-3 OR N.J.S. 40A:2-51

Date Purpose Amount$

Judgements Entered Against Municipality and Not Satisfied

In Favor Of On Account Of Date Entered Amount Appropriated for in Budget of Year 2018

$

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Schedule of Bonds Issued and Outstandingand 2018 Debt Service for Bonds

Water & Sewer UTILITY ASSESSMENT BONDS

Debit Credit 2018 Debt ServiceIssued (Credit)Paid (Debit)Outstanding December 31, 2017 0.00

0.00 0.002018 Bond Maturities – Assessment Bonds2018 Interest on Bonds

Water & Sewer Utility Capital BondsDebit Credit 2018 Debt Service

Outstanding January 1, CY (Credit) 19,210,000.00Issued (Credit)Paid (Debit) 1,240,000.00Outstanding December 31, 2017 17,970,000.00

19,210,000.00 19,210,000.002018 Bond Maturities – Assessment Bonds 1,310,000.002018 Interest on Bonds 785,452.50

Interest on Bonds – Water & Sewer Utility Budget2018 Interest on Bonds (*Items) 785,452.50Less: Interest Accrued to 12/31/2017 (Trial Balance) 69,640.42Subtotal 715,812.08Add: Interest to be Accrued as of 12/31/2018 64,673.33Required Appropriation 2018 780,485.41

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List of Bonds Issued During 2017Purpose 2018 Maturity Amount Issued Date of Issue Interest Rate

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Schedule of Loans Issued and Outstandingand 2018 Debt Service for Loans

Water & Sewer UTILITY LOAN

Loan Outstanding January 1, 2017 Issued Paid Other

Description Other Debit Other CreditOutstanding

December 31, 2017

Loan Maturities Interest on Loans

Water Utility NJEIT Loan 5,140,602.03 368,010.02 4,772,592.01 378,761.23 137,412.50

Interest on Loans – Water & Sewer Utility Budget

2018Interest on Loans (*Items) 137,412.50

Less: Interest Accrued to 12/31/2017 (Trial Balance) 58,191.00Subtotal 79,221.50Add: Interest to be Accrued as of 12/31/2018 54,337.00Required Appropriation 2018 133,558.50

List of Loans Issued During 2017

Purpose 2018Maturity Amount Issued Date of Issue Interest Rate

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Debt Service Schedule for Utility Notes (Other than Utility Assessment Notes)

2018 Budget RequirementTitle or Purpose of the Issue Original Amount


Issue

Amount of Note Outstanding Dec.

31, 2017

Date of Maturity

Rate of Interest For Principal For Interest

Date Interest Computed to

INTERST ON NOTES – Water & Sewer UTILITY BUDGET2018 Interest on Notes $Less: Interest Accrued to 12/31/2017 (Trial Balance)Subtotal $Add: Interest to be Accrued as of 12/31/2018 $

Important: If there is more than one utility in the municipality, identify each note.

All notes with an original date of issue of 2015 or prior require one legal payable installment to be budgeted if it is contemplated that such notes will be renewed in 2018 or written intent of permanent financing submitted.** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column.

Required Appropriation - 2018 $

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Debt Service Schedule for Utility Assessment Notes

2018 Budget RequirementTitle or Purpose of Issue Original Amount


Issue

Amount of Note Outstanding Dec.

31, 2017

Date of Maturity

Rate of Interest For Principal For Interest


Important: If there is more than one utility in the municipality, identify each note. Utility Assessment Notes with an original date of issue of December 31, 2015 or prior require one legally payable installment to be budgeted in the 2018 Dedicated Utility Assessment Budget if it is contemplated that such notes will be renewed in 2018 or written intent of permanent financing submitted with statement.** Interest on Utility Assessment Notes must be included in the Utility Budget appropriation "Interest on Notes".

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Schedule of Capital Lease Program Obligations

2018 Budget RequirementPurpose Amount of Obligation

Outstanding Dec. 31, 2017 For Principal For Interest/FeesLeases approved by LFB after July 1, 2007

SubtotalLeases approved by LFB prior to July 1, 2007

SubtotalTotal

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Schedule of Improvement Authorizations (Utility Capital Fund)

Balance - January 1, 2017 Balance December 31, 2017IMPROVEMENTSSpecify each authorization by

purpose. Do not merely designate by a code number

Funded Unfunded2017 Authorizations

Refunds, Transfers and Encumbrances Expended Authorizations

Canceled Funded Unfunded

Improvements to Water & Sewer System

3,172,715.56 3,172,715.56

Improvements to Water / Sewer System 79-2017

2,350,000.00 449,638.02 1,900,361.98

Construction of and Improvements to the Cit's Mountain Wells, the Chestnut Street Treatment Facilities and High Pump Statio

44,022.42 44,022.42

Total 3,216,737.98 0.00 2,350,000.00 449,638.02 3,172,715.56 1,900,361.98 44,022.42

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Water & Sewer Utility Capital FundSCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit CreditBalance January 1, CY (Credit)Received from CY Budget Appropriation * (Credit)Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) (Credit)Appropriated to Finance Improvement Authorizations (Debit)Balance December 31, 2017 0.00

0.00 0.00

Water & Sewer Utility Capital FundSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit CreditBalance January 1, CY (Credit)Received from CY Budget Appropriation (Credit)Received from CY Emergency Appropriation * (Credit)Appropriated to Finance Improvement Authorizations (Debit)Balance December 31, 2017 0.00

0.00 0.00

*The full amount of the 2017 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

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Utility FundCAPITAL IMPROVEMENTS AUTHORIZED IN 2017

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

UTILITIES ONLY

Purpose Amount Appropriated Total Obligations Authorized

Down Payment Provided by Ordinance

Amount of Down Payment in Budget of 2017 or Prior Years

Water & Sewer Utility Capital FundStatement of Capital Surplus

YEAR 2017

Debit CreditBalance January 1, CY (Credit) 36,509.56Premium on Sale of Bonds (Credit)Funded Improvement Authorizations Canceled (Credit) 3,172,715.56Miscellaneous (Credit)Appropriated to Finance Improvement Authorizations (Debit) 2,350,000.00Appropriated to CY Budget Revenue (Debit) 311,000.00Balance December 31, 2017 548,225.12

3,209,225.12 3,209,225.12

annual financial statement for the year 2017 … · statements contained herein are in proof; i...

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